Pursue Slow Wealth

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  • Опубліковано 19 чер 2024
  • ► Download Your FREE PDF 1-Page Companion Guide: financial-tortoise.ck.page/2f...
    Timecodes:
    0:00 - Intro
    0:29 - Make Less Dumb Money Mistakes
    2:15 - Less Tempted
    3:58 - Mistakes Disappear With Time
    4:42 - Master The Fundamentals
    5:50 - Develop Patience
    7:17 - FREE 1-Page PDF
    7:37 - Compounding Magic
    8:57 - Build Strong Financial Foundation
    9:57 - Better For Mental Health
    11:02 - Slow Wealth = Slow Life
    11:44 - Life Is More Enjoyable
    ------------
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    DISCLAIMER: I am not a financial adviser. These videos are for educational and entertainment purposes only. I am merely sharing my personal opinion. Please seek professional help when needed.

КОМЕНТАРІ • 154

  • @knockoutlightz
    @knockoutlightz 8 днів тому +49

    I wish they taught investing at school level. There is so much advantage to doing this! My biggest regret is that I started so late.

    • @henrymitchell9717
      @henrymitchell9717 8 днів тому +5

      I agree!

    • @VanillaCherryBread
      @VanillaCherryBread 8 днів тому +10

      They don’t teach in schools because if people started to learn the power of investing early. They could probably retire in their 50s. That would be bad for employers. The system is designed to keep society working into old age.

    • @ShelleyfromCali
      @ShelleyfromCali 8 днів тому +2

      Same here. I’ve always been interested but the general opinion back in the day, it was for the rich only! How silly was I, not to try and do it when I was younger.

    • @knockoutlightz
      @knockoutlightz 8 днів тому +4

      Well, I believe it’s never too late for anyone. I jumped into the market only three years ago, but with a lot of financial strength and strategic investment, I did hit that coveted 100K and recently the ~$1M mark!

    • @larrydimon7811
      @larrydimon7811 8 днів тому

      Cool story bro. You got lucky. For everyone like you, there are others that did the opposite

  • @cashflow68
    @cashflow68 Місяць тому +176

    It took me 35 years to hit 1M in my stock portfolio with an average income of 55k. I started with basically nothing and lived below my means.

    • @UTP504
      @UTP504 Місяць тому +9

      Congrats 🍾🎉, that takes a lot of discipline.

    • @Chan_Chal_Chit_1
      @Chan_Chal_Chit_1 Місяць тому +4

      You should make a vdo 🙏

    • @cashflow68
      @cashflow68 Місяць тому

      @@Chan_Chal_Chit_1 lol

    • @Chan_Chal_Chit_1
      @Chan_Chal_Chit_1 Місяць тому +2

      @@cashflow68 I ain't joking . You pls make a vdo and share with us your journey of becoming a millionaire .

    • @cashflow68
      @cashflow68 Місяць тому

      @@Chan_Chal_Chit_1 all it takes is spend less than you make. I chose to buy stocks in strong companies like Costco, Visa & Mastercard to name a few. Just keep investing and be patient. Stocks will always go up & down in the short term but will do well in the long run. Like 10 years. I bought Costco stock at $138 in 2014 and Visa at $29.

  • @greekbarrios
    @greekbarrios 4 дні тому +148

    From paying for day care and college, to managing mortgage payments. I'm approaching retirement yet the economy is getting worse. How can I generate more income to retire with at least $1m for long term care? I have about 80k in savings..

    • @kansasmile
      @kansasmile 4 дні тому +1

      We share common goal, making sure you are ready for your later years is very important. I'd suggest you consider financial advisory.

    • @sommersalt88
      @sommersalt88 4 дні тому +1

      @@kansasmile You're right, I and a few Neighbors in Bel-Air Area work with an advisor who prefers we DCA across other prospective sectors. Instead of a lump sum purchase, Following this, my portfolio grew by close to 30% in the last quarter.

    • @AntagonisticAsian
      @AntagonisticAsian 4 дні тому +1

      @sommersalt88 Truly appreciate the implementation of ideas and strategies that result to unmeasurable progress, thus the search for a financial advisors... mind sharing info of this professional guiding you please?

    • @sommersalt88
      @sommersalt88 4 дні тому +2

      I've experimented with a few over the past years, but I've stuck with the popularly ‘’Jennifer Leigh Hickman” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.

    • @AntagonisticAsian
      @AntagonisticAsian 4 дні тому

      Thank you for the lead, curiously searched Jennifer by her full name and at once spotted her consulting page, she seems highly professional having over 12 years of experience. amazing!

  • @alvindoeslife
    @alvindoeslife Місяць тому +38

    Get rich slow. It grows your character. Getting rich quick only grows your ego.

  • @rrandd0
    @rrandd0 22 дні тому +222

    I started investing in stocks at 18, grew portfolio to $600k by 33. Recently, lost over 30% and want to mitigate risks. Also, planning to buy a home soon and want portfolio to grow. What should I do?

    • @AntagonisticAsian
      @AntagonisticAsian 22 дні тому +3

      Dont think here is the place for personalized investment guidance. However, I suggest consulting with a reliable advisor to ensure appropriate investment planning.

    • @blind_luck_
      @blind_luck_ 22 дні тому +2

      True. I’ve been investing in the stock market for 11 years now, last 5 years with the help of a financial advisor. Through this period of advisory support alone, I've been fortunate enough to achieve a 10x return compared to my previous efforts as a DIY investor, summing up nearly $1m roi as of today. My best so far.

    • @Shirleypos
      @Shirleypos 22 дні тому

      I admit I'm scared about retirement as I turn 60 on my next birthday. I need to ensure I have enough money to survive on. How can I consult your advisor? My retirement account isn't performing well.

    • @blind_luck_
      @blind_luck_ 22 дні тому +2

      'Kristin Amber Landis' is the licensed advisor I use. Just research the name. You’d find necessary details to work with to set up an appointment.

    • @Shirleypos
      @Shirleypos 22 дні тому

      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.

  • @OSUHARDING1ATECHNICEXPERIENCE
    @OSUHARDING1ATECHNICEXPERIENCE Місяць тому +28

    Building wealth is a lot like losing weight... slow, steady and consistent effort. Eat fewer calories than you burn and spend less money than you earn...over time you are skinny and wealthy!

    • @train_xc
      @train_xc 28 днів тому

      It is actually every good thing in life. It takes time. May it be your maturity, career, wealth or health

    • @jesssc402
      @jesssc402 15 днів тому

      So true.. i was thinking about this analogy as well

  • @sylvesterricharm
    @sylvesterricharm Місяць тому +40

    Yes! I'm celebrating £32K stock portfolio today... Started this journey with £3K....
    I've invested no time and also with the right terms, now I have time for my family and life ahead of me.

    • @bennyhinu
      @bennyhinu Місяць тому

      From $37K to $45K that's the minimum range of profit return every week I thinks it's not a bad one for me, now I have enough to pay bill and take care of my family.

    • @xentrezselfifp
      @xentrezselfifp Місяць тому

      Yes she works with people all over the world and he's the best you can ever come across the world

    • @xentrezselfifp
      @xentrezselfifp Місяць тому

      Sophia my life savior

    • @mqboobsmargarita
      @mqboobsmargarita Місяць тому

      It's a Miracle and I will testify of 170K
      bucks every month end. I now have a new Car and can now pay my bills and also support God's work in the church.

    • @mqboobsmargarita
      @mqboobsmargarita Місяць тому

      So you guys still know her

  • @mannya_realtor
    @mannya_realtor 15 днів тому +5

    I’ve been going the slow route and passed a quarter million net worth recently but I struggle because some of my closest friends took more risks and are already multi millionaires and retired. It’s tough navigating between the two types of wealth building strategies.

  • @adamtki
    @adamtki Місяць тому +5

    My dumb money mistake was selling my condo that I had rented out for $2k/month which was enough to cover expenses back then (2008). Today that condo can rent for 4k and the mortgage would've been paid off and its value doubled to a million. Wish someone had talked me out of it. I think about it every time I drive by that area. Time has not healed that wound yet. LOL.

  • @Irene1208Lano
    @Irene1208Lano 6 днів тому

    My husband is on board with slow and steady since he beginning . It’s a good way to wealth.

  • @vulpixelful
    @vulpixelful Місяць тому +6

    I had the same attitude dating in my 20s as your wife. I figured that at our age, a 20-something driving too nice of a car was either not managing their money well or got spoiled with gifts from a wealthy family. Both were the kind of person I wanted to avoid 😅 Luckily I did and my current partner (in our 30s) is successful and down-to-earth, and now we upgrade our vehicles when we truly can afford it, and after investments are adequately funded.

  • @yahnwhos
    @yahnwhos Місяць тому +11

    yep, my wife and I LOVE THE SLOW AND STEADY WEALTH! we are much happier now than when we tried to make fast cash fast!!!

  • @EcomCarl
    @EcomCarl Місяць тому +9

    Great emphasis on the value of pursuing slow wealth! It's a powerful reminder that wealth building is a marathon, not a sprint, and patience combined with smart decisions leads to sustainable financial health. 👍

  • @shvait
    @shvait Місяць тому +4

    Love your content. Lifesaving insights.

  • @jon34153
    @jon34153 Місяць тому

    Amazing hair to the rescue. 😊 the true star of this channel. Love the channel, Tae. Thank you for the solid advice! 🙏

  • @elizabethdelgado1519
    @elizabethdelgado1519 Місяць тому +5

    Love this advice. Great hair 👌 😊

  • @tylerbrown5917
    @tylerbrown5917 Місяць тому

    Great video Tae! I currently work in FP&A. One day hope to achieve FI like you.

  • @ivanteo77
    @ivanteo77 Місяць тому

    Thanks Buddy. This has a lot of wisdom. I share all the sentiments.

  • @TaylorTV5
    @TaylorTV5 Місяць тому

    Very wise. Slow, steady & Smart.

  • @PhongTran-md3bu
    @PhongTran-md3bu Місяць тому

    Very wise approach to money/life. Thanks for another fantastic video

  • @shannon1999able
    @shannon1999able Місяць тому

    Such a wise lesson. Thank you.

  • @nothing9519
    @nothing9519 13 днів тому

    Exactly the words I needed to hear! ❤

  • @mahoganysins614
    @mahoganysins614 Місяць тому

    Thanks for this information ❤

  • @dstevens518
    @dstevens518 Місяць тому

    Excellent video, sage advice.

  • @RichardTouchfaith
    @RichardTouchfaith Місяць тому +9

    At age 47 my seven figure 401k is 33% from my own money and 66% is from employer contribution and compound interest.
    I'll report back when my contribution portion is only 17% of my account value at age 57....then 8% of my account value at age 67.
    Time is magical and still hard to believe!

    • @getinthespace7715
      @getinthespace7715 Місяць тому

      Awesome. I hope I'm on track to do the same, maybe a little behind. At 40, $250k invested increasing my contribution, will be putting $37k/yr including the employer match. Should hit 1 million by 50, hopefully.

  • @MrWetube87
    @MrWetube87 Місяць тому

    Love it!

  • @davidmercado2329
    @davidmercado2329 Місяць тому

    I totally agree , I like your philosophy

  • @cheeseburns11
    @cheeseburns11 24 дні тому

    Excellent video. Too often we feel pressure to have it all right now and get rich quick.

  • @andrewpizzino2514
    @andrewpizzino2514 Місяць тому +17

    Slow and steady wins the race. Younger ppl at work who want advice are disappointed when I don’t tell them the next Microsoft

  • @bright2915
    @bright2915 Місяць тому +7

    Tae, I want to invest in whatever company manufacturers your hair care products. You have my vote for the best hair on youtube.

    • @ryanlutz1216
      @ryanlutz1216 27 днів тому +2

      Now THAT is buying valuable assets!

  • @peterl2767
    @peterl2767 Місяць тому

    Great content 👌 👏 👍

  • @thomasmene6559
    @thomasmene6559 15 днів тому

    Very informative

  • @normanladdleschnitzel1928
    @normanladdleschnitzel1928 Місяць тому +3

    I try explaining to coworkers this kind of stuff and they all just roll their eyes and go back to eating their fastfood lunches and talking about stupid shit they bought over the weekend. They are determined to be poor forever.

  • @veritas3179
    @veritas3179 Місяць тому

    Yes, I can relate to that 😢

  • @Gwillis7
    @Gwillis7 Місяць тому +14

    Truly a tortoise and the ‘hair’ approach

    • @dstevens518
      @dstevens518 Місяць тому +2

      LOL, I see what you did there...

    • @bbb_888
      @bbb_888 Місяць тому +1

      The turtle and hare had 4 races in total tho. Which race are you referring to?

  • @scottgordon5388
    @scottgordon5388 Місяць тому +4

    Error at 8:44 - both say "no compounding." Otherwise, really great video! Excellent points, and it's refreshing to hear someone share their own realistic experiences with building wealth

    • @jordanclarxon6246
      @jordanclarxon6246 Місяць тому +1

      Glad I wasn't the only one who noticed, I thought I was going crazy. Great video though! Love Tae's insightful videos.

    • @babybbbb
      @babybbbb Місяць тому +1

      Hahaha came here to say this. Thanks for posting.

  • @mp22422
    @mp22422 Місяць тому +1

    Was just watching your slow is smooth smooth is fast last night

  • @drew8235
    @drew8235 Місяць тому +3

    True wealth is great hair.

  • @mp22422
    @mp22422 Місяць тому

    Hey Tae, what’s that one website you mentioned that helps with obtaining skills? It was a promo

  • @tinachxx110
    @tinachxx110 Місяць тому +1

    Can you write a book called slow and steady path to wealth?

  • @coderider3022
    @coderider3022 Місяць тому

    Going for the Silvio Dante hair do

  • @ThatLazyInvestor
    @ThatLazyInvestor 13 днів тому

    What are your thoughts on VT / VTWAX as a single fund portfolio.

  • @calebthompson7181
    @calebthompson7181 Місяць тому

    Great video! Keep sharing this message- it’s a vital one we all need to be reminded of. THANKS!

  • @divyv20
    @divyv20 Місяць тому

    Hey Tae , very good video . I can do better editing in your videos which can help you to get more engagement in your videos . Pls lmk what do you think ?

  • @beast_o4201
    @beast_o4201 Місяць тому +1

    🔥🔥🔥

  • @jasonjstdr
    @jasonjstdr Місяць тому +6

    Get rich and stay rich, slow or fast.

    • @Morrsoda
      @Morrsoda Місяць тому

      There is not fast route just like losing weight it should be your new normal (the mindset)

  • @kacperrools
    @kacperrools Місяць тому

    8:45 - text error, "no compounding" repeated twice in the powerpoint.

  • @dstevens518
    @dstevens518 Місяць тому +2

    Warren Buffett, who made 97 percent of his money the last few years due to the power of compunding, says the number one rule to investing is Don't Lose Money. That pretty much screams don't take outsized risks. Buffett is the best, most obvious, and most successful example of slow wealth. If you had been investing for 80 years without doing stupid stuff like Warren, you'd be damn well off by now too. Start yesterday, index, and keep piling it in...

  • @sayan-nj1mr
    @sayan-nj1mr 10 днів тому

    Today i have 21 k rs portfolio and i am 18 started investing from August last year

  • @Whoisbu89
    @Whoisbu89 20 днів тому

    I stand by this approach but if you see rare opportunities in the market in certain investments you need to take it. I’m up 500% in 2 of my investments in the past 4 months. If you leave emotion out of investing you can make great money.

  • @coderider3022
    @coderider3022 Місяць тому +1

    8:17 inflation ? More like 6% avg over the long run after inflation. This is almost Dave Ramsey reality distortion.

  • @tyrecarmon20
    @tyrecarmon20 Місяць тому

    Tae do you age???

  • @marcd695
    @marcd695 Місяць тому

    I invest AVGE

  • @tanisemmello
    @tanisemmello Місяць тому

  • @CyrusZerbe
    @CyrusZerbe Місяць тому

    What I’ve learned…have amazing hair.

  • @JamesBaileyhollywood
    @JamesBaileyhollywood Місяць тому +1

    😂 she was no match for the TK hair!!

  • @chrissypoo69
    @chrissypoo69 Місяць тому

    Sorry Kim but I put all my eggs into the resurgence of GameStop

  • @mediocreluke
    @mediocreluke Місяць тому +2

    I'm 40, living in a third world country and only now on a path to becoming financial literate. Worst of all, I already have thinning white hair. I feel like I've already lost the game and I have no time left to pursue slow wealth. What hope is there left for someone in my situation?

    • @dstevens518
      @dstevens518 Місяць тому +3

      40 is NOT old, you have lots of time to get it together. Right now, nearly HALF of those between 55-65 in the USA have ZERO saved for retirement. You have a 15-20 year head start on them, maybe more if you at least have something already.

    • @bbb_888
      @bbb_888 Місяць тому

      The guy who created KFC was 65 years old!

  • @stewarthoi
    @stewarthoi Місяць тому

    High return means high risk, and the odds are almost always against the return. Unfortunately, winners usually speak the loudest, so many people are compelled by success stories.

    • @bbb_888
      @bbb_888 Місяць тому +1

      I disagree. I believe high education equals low risk.

  • @blackknight9558
    @blackknight9558 Місяць тому

    To be fair, you do have pretty amazing hair 💈

  • @nathannguyen2041
    @nathannguyen2041 Місяць тому

    I hope you come to understand Bitcoin someday. I'm not advocating for 100% allocation, but some allocation. Bitcoin is a slow and steady path to wealth. Proof of work.
    Most critics don't understand it and will, oftentimes, just repeat what their politicians and fiat minded financial advisors say.

    • @dstevens518
      @dstevens518 Місяць тому +1

      Most professionally managed pension funds for BIG organizations have some bitcoin investment in them, usually a very small percentage (like less than 1%). But it's there, to prop up their return, they hope...

  • @ProfWho-ut5he
    @ProfWho-ut5he Місяць тому +2

    Works only for young people. I don't have the time for it 🤷‍♂️

    • @dstevens518
      @dstevens518 Місяць тому +1

      Actually, imo, this method is the ONLY guaranteed one, regardless of whether you have time or not. Taking outsized risks cause you're in a hurry is no guarantee you're going to move forward, more likely backwards... so having not enough time means you're looking at severely cutting costs and ploughing all your energy into sure ways to increase your income, NOT take risks that will actually just waste more time. Cause you don't have that luxury...

  • @Sar0
    @Sar0 Місяць тому

    I vote for 22 year old hairstyle being 2024 style.

  • @drproton85
    @drproton85 Місяць тому +1

    Everyone in their 20's watching this video: "So how do I start day trading Bitcoin?"

  • @Chan_Chal_Chit_1
    @Chan_Chal_Chit_1 Місяць тому

    The volume is low . Please speak louder ... U r barely audible 🙏

  • @pdpgkeeper
    @pdpgkeeper 16 днів тому

    Volvo gets the ladies?

  • @Josevaldes12
    @Josevaldes12 29 днів тому +1

    so the key is to succeed is to have good hair 😏

  • @Trench_Foot
    @Trench_Foot Місяць тому +5

    Stop giving a sh*t about what other people think.

    • @chrissypoo69
      @chrissypoo69 Місяць тому +1

      I am living to learn this. No one pays the bills. We have nothing to prove to anyone

  • @Jbridge621
    @Jbridge621 Місяць тому

    I tell young people the fastest way to get rich is to live at poverty level for 10 years and invest every single dime. Just make sure you have a good emergency fund. They just stare at me like I’m nuts.

  • @Bostonaholic
    @Bostonaholic Місяць тому

    tl;dr great hair > great car

  • @skfotedar
    @skfotedar Місяць тому +2

    Less incentive to be unethical

  • @BENR8108
    @BENR8108 Місяць тому +18

    Instructions unclear… I’ll I learned is that having great hair leads to wealth and ladies….

    • @craigculford4963
      @craigculford4963 Місяць тому +1

      FR

    • @02nupe
      @02nupe Місяць тому +2

      Instructions were pretty clear to a lot of us 🤷

    • @BENR8108
      @BENR8108 Місяць тому +4

      @@02nupe that whooshing sound you hear is the joke going over your head….

  • @pomp4401
    @pomp4401 12 днів тому

    But my wealth got faster with Bitcoin

  • @BlakeC341
    @BlakeC341 Місяць тому

    Dude really said that anyone who's claimed they made big money in the markets in a short period is either lucky ir lying? Talk about ignorance. I spent my first 15 years or so of retirement as a successful day trader. This guy just says it's impossible because he can't do it.

    • @MJHiteshew
      @MJHiteshew Місяць тому

      Cool story bro. You got lucky. For everyone like you, there are 10 others that did just the opposite.