"I won't stop until I earn $25M" -
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- Опубліковано 1 тра 2024
- In my conversation with Vivian Tu, also known as @YourRichBFF, we discussed very practical aspects of the financial literacy - how you manage your savings, debt, investments and a magical FU number that allows you not to work anymore.
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Vivian on Instagram: / your.richbff
Order Vivian's book "Rich AF: The Winning Money Mindset That Will Change Your Life": amzn.to/3Q79YPW
In this video:
00:00 - Meet Your rich BFF - Vivian Tu
01:16 - If you want to be wealthy, you need to STRIP
03:49 - How much of your income should you save?
07:01 - How do I take care of my mental health to prevent burnout?
09:35 - How does Your rich BFF team look like?
12:27 - We were working at the limit of our abilities and counting down the days until it was over
14:45 - "You are the reason I had the confidence to negotiate a $20k raise"
17:05 - How to deal with your debt?
20:32 - Think of your retirement as early as possible (right now)
22:32 - "The only way you can keep up with the rising costs is to invest"
23:54 - "I need $25M to not work for money anymore"
28:54 - What are your investments plans?
31:53 - How to track and plan your personal finances
33:38 - A book that everyone needs to read
This video is sponsored by Muse.
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#siliconvalleygirl #marinamogilko #yourrichbff
The '50-30-20' budget breakdown is such a game-changer. Finally, a practical approach to managing my money that doesn't involve sacrificing all the fun stuff.
I took inspiration from her. My goal was 5M. Having 25M makes more sense because that is 1m a year if you withdraw 4% like she says.
She said earning 4% return… not sure she knows where the 4% really comes from.
@@anonymousf7byyj A stock market index would gan 7%-10% per year. So you withdraw 4% out of it and keep the rest to compound. The hard thing is making 25mil
@@anonymousf7byyjgenerally the market i.e SP500, index funds etc have an average return of 7% that’s where the number is coming from 25m invested in the market.
Vivien's emphasis on the 50/30/20 budgeting rule is a fantastic guideline for financial health! 🌟 Additionally, automating your savings can ensure you consistently meet your goals without having to think about it each month.
About the mental health referenced around 07:00. From my xp: to anyone who's ever been a victim of violence because of their appearance, gender, orientation, race : DO NOT ever let a hateful notion 'there's something wrong with me' sink in. Trust me, it's a recipe for self hatred and compulsive anxieties later on. When we suffer and we need a break, it's only natural to think: maybe if I wasn't 'different', if I was 'normal' I would be accepted. No, haters will always find something else to prey upon. I've always had kinda androgynous look, which was a fuel for bullies when I was growing up. I embraced it, used it to my advantage in my acting / modeling career, I was almost the face of Leon in these new Resident Evil games :)
The collaboration I didn’t know I NEEDED and would have never expected! Огромные спасибо вам 🙏🏾))
Find the banned book titled The Hidden Truths Of Wealth. Whoever finds this book will have an unfair advantage over other people. You'll thank me later
Where did you find it?
For sure, i can confirm that
where ?!
Borlest ( I found it there, maybe it still exists there )
Who is the author?
Hello Marina Please make a video on Todo list. To make our day more productive😊
Love your channel! Thanks!
Great interview, Marina! As always :) Please, do Iman Gadzhi !!!
You wonderful lady ❤
Staying abreast of the latest trends and strategies is crucial for traders to stay ahead and make well-informed decisions. Beginners in trading and investing must recognize that success in these fields demands technical analysis, emotional maturity, and self-discipline. Thanks to Monica Lisa Payne insights, daily trade signals, and my dedication to learning, I've been increasing my daily earnings. Kudos to the journey ahead!
erNameIs Monica Lisa Payne, cant divulge much. Most likely, the internet should have her basic info, you can research if you like
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.
It's unexpected to come across her name here. She understands every beginner’s intention and fix you to a trading course that matches your capacity, she knows her stuff! Her advice has been invaluable to my trading journey. Definitely worth giving a shot!
It is really refreshing to see a comment about Monica Lisa Payne.I have worked with her also for months now, reached out after reading more about her on the internet. she simplifies matters, whether it's a market surge or drop; her approach consistently keeps you ahead of the trend, She's a guru i'll say
It seems like she's quite knowledgeable and informed. I did a quick Google search on her name and found her website. Additionally, I noticed she has her own Trading channel, which is impressive. Thanks for sharing this information with me.
Sorry, but people’s “wants” SHOULD BE A LOT LESS THAN 30%. People’s “Wants” should be around 10% to 15%, in my opinion.
Great video, thanks for sharing this rich infos. appreciate it,
My advice to everyone is this : if you want to grow big this year especially in your finances. Be willing to take risks. Saving is great but taking risks puts you on a pedestal where you wouldnt have to worry about savings as you do now. Thanks to larysa Caba, my portolio is doing really great and im proud of the decisions i made last year.
I feel one Of the greatest challenges that we first timers face in the ma rket is that we end up losing all we have,making it difficult to find ourselves back to our feet. My biggest advice is to always seek the services of a professional just like I did when I ventured into it for the first time. Big thanks to Larysa Caba. I now make huge profits by weekly through her services while still learning to stand on my own.
I think she trades for everyone I meet. I met her twice at a meeting in Germany and after her lectures from Ella I had to personally ask her to be my financial advisor. she is definitely good.
I have never seen a trader as open and transparent as Larysa Caba with her clients. The way she decides to make a profit for her clients. she allows you to express your fears and she still rests your fears and that is my respect. I don't normally comment on videos, but this word should be included. she is really cool.
I just looked up her name online. she is licensed with credible certificates and has an amazing track record. Thank you for the message.
I definitely will like to know more.
Marina, great job! Awesome!
I wil put 50% FUTURE 30% expenses & wants and 20% experimenting inversions
It's not about going fast but going far
You go girl.
Happy blessed with baby girl
50/30/20 rule works great for those with adhd/autism. all 3 in different checking accounts at the same bank.
And what about a single mom of two teenagers with a salary of 1100 euros/month? How do i save money if i can't even aford living?😢
How is this person publishing a book with such a stale, well rehearsed info. This has been told by many other financial gurus. Did she just repackage old info? The way she presents it is like she reinvented a wheel. Her advice about F money is insane. Nobody would ever retire if they needed 25 mil.. This make me feel better about my own financial knowledge.
Yes, all old info. Plus there are medical bills for that unexpected cancer, companies close and retirement accounts in zero, employees screwed, .... 50/30/20 not realistic for the majority of families
These ridiculously high retirement numbers in the millions are ridiculous. No one is supposed to die with all their money intact and be living off the interest. You spend down the principal instead and enjoy your hard work from earlier years.
@@Steve65065 If you want to die with zero, that's fine, but not everybody wants to go that route.
You just described 95% of personal finance influencers. Also, she's said many times that the info. isn't new. She's just delivering it in a way that's easy to digest and apply to one's situation, which is why her content is so popular. Also, $25 million is *her* F-you number. No one's saying that *you* need $25 mill to retire.
Yep, $500,000 is a good number, invested of course. $25 mil is BS
Yayyyyyy my two favourite
Marinaa 😃
Ooh my god you invited her❤
It’s kind of sad how financially savvy Americans have to be to play the money game and be able to retire.
As a generation we are hopeless 😢
Why not to give the acronym opening from the beginning? 🙄
Try to make few research before letting anyone trade for you like I did ❤ Thank you Jesus, God bless America.
Investing your life savings in a rental property without certainty of returns can be risky. It's crucial to thoroughly evaluate the investment potential before diving in. I've learned that making wise investments is key to building wealth. It's not just about investing money; it's about investing smartly to secure a prosperous future. Here's to making informed decisions and achieving financial success!
Absolutely agree! Thoroughly evaluating investment potential is crucial. Wise investments are key to building wealth and securing a prosperous future. Making informed decisions is essential for financial success!
If Government give second chance.
Loan=50M Yield=5% Year=30
Loan(30 Year)=50M*1.05^30
Loan(30 Year)=220M
Payout(30 Year)=250M
{
Loan(30 Year)=220M
Balance(30 Year)=30M
}
Premium(Insurance)=? Yield=8% Year=30
Premium=250M/1.08^30
Premium=25M
Loan=50M
{
Premium=25M
PettyCash=25M(Now)
}
Thank you.
I'm the first viewer
That’s your achievement it seems and happy with it.😅
when 50% of your monthly salary is just your rent, after getting masters in top university in Moscow. oh well.
Buy gold, that’s my best advice. Investing in online casino (stock) guaranteed you will loose soon or later.
Welcome ladies and gentlemen to the worst comment on UA-cam. Do not take investing advice as in specifically what to invest in from UA-cam.
Unfortunately, nothing new here.
Not impressed
Everytine anyone is getting rich, many others are becoming poorer in this system.
You are making a better life for yourself in the cost of making the world and your society worse.
Unless you think collectively, make a better community.
Boring AF.. these two have nothing new to contribute and whatever she said has been chewed and spat up more times than i know...
With all due respect, but Social Media People AIN’T “influencers”, they are “content creators” It’s so F-ING CRINGEY to describe Social Media People as “influencers”.
With all due respect some of them are influencers due to not creating any real content. I’m not calling a girl who only posts pretty pictures and ads gained from those pretty pictures a “content creator” sorry if that’s “cringe” to you😂😂😂