Jeremy Schneider: How to Become a Millionaire with Index Funds

Want to become a millionaire? Jeremy Schneider from Personal Finance Club thinks index funds are a great place to start. Personal Finance Club: www.marriagekidsandmoney.com/pfc (affiliate link)
Personal Finance Club: www.personalfinanceclub.com/
CHAPTERS
0:00 - Intro
1:34 - What is an index fund?
1:58 - What is a stock?
2:25 - Which stocks do you buy?
5:30 - Why do index funds beat out individual stocks?
11:00 - How do I become a millionaire with index funds?
12:30 - What is compound interest?
15:11 - Where can we mess up as investors?
20:15 - How did you become a millionaire? (Jeremy's Story)
31:29 - Where do I get started today?
#IndexFunds #BecomeAMillionaire #MillionaireSuccessStory #MillionaireMindset #InvestingTips #PersonalFinance
OTHER VIDEOS TO WATCH
Index Funds vs. Individual Stocks: How to Keep Investing Simple - • Index Funds vs. Indivi...
How We Became Millionaires in 10 Years: • Why I Stopped Pursuing...
5 Simple Millionaire Investing Strategies: • 5 Simple Millionaire I...
ABOUT JEREMY SCHNEIDER
Jeremy Schneider is a successful entrepreneur, personal finance expert, and Michigan alum!
After starting an internet company in college and selling it at the age of 34 for over $5M and retiring at 36, Jeremy has dedicated his life to teaching personal finance. He founded Personal Finance Club, a community of champions of the individual investor who help further financial education.
Jeremy likes playing beach volleyball and writing bios about himself in the third person.
MARRIAGE KIDS AND MONEY:
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DISCLAIMER
This show may contain affiliate links or links from our advertisers where we earn a commission, direct payment or products. Opinions are the creators alone, and this content has not been provided by, reviewed, approved or endorsed by any advertiser. Information shared on this channel is for entertainment purposes only and should not be considered as professional advice.
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Пікірлер: 203

  • @darrellbratton9679
    @darrellbratton967911 ай бұрын

    I have seen Jeremy before, but it great to know that he is still going strong. I just tipped over a million in net worth so I am finally in the club.

  • @MarriageKidsandMoney

    @MarriageKidsandMoney

    11 ай бұрын

    Rockstar in the comments! Thanks for sharing Darrell!!

  • @lkmb1717

    @lkmb1717

    8 ай бұрын

    Well done!!!

  • @tonymimi9715

    @tonymimi9715

    3 ай бұрын

    Congratulations!

  • @thomaskelly6472
    @thomaskelly64729 ай бұрын

    I lived below my means and bought residential real estate beginning back in the late 70's. Retired by 39 years old! I agree giving back is also key to a happy life!

  • @MarriageKidsandMoney

    @MarriageKidsandMoney

    9 ай бұрын

    Gotta love owning more of your time! Thank you for sharing with us!

  • @jimgeyer3475
    @jimgeyer347511 ай бұрын

    Outstanding Commentary!!!! Priceless!!!! Thank You!!!

  • @MarriageKidsandMoney

    @MarriageKidsandMoney

    11 ай бұрын

    Glad you enjoyed it!

  • @susanlewis1953
    @susanlewis19532 жыл бұрын

    Thanks guys - love the interviews you do. cheers 👍😀

  • @MarriageKidsandMoney

    @MarriageKidsandMoney

    2 жыл бұрын

    So glad you enjoy them Susan!

  • @diasporaman5419
    @diasporaman541911 ай бұрын

    Happiness!!!!!I loved this !!!!!!❤️❤️❤️❤️

  • @MarriageKidsandMoney

    @MarriageKidsandMoney

    11 ай бұрын

    So glad you enjoyed it!

  • @smitht1988
    @smitht198810 ай бұрын

    I just started investing in index funds. I’m starting with $1600 monthly and will increase as I get raises. Let’s see how this goes.

  • @CasonKComedy

    @CasonKComedy

    10 ай бұрын

    Where are you buying from sir?

  • @smitht1988

    @smitht1988

    10 ай бұрын

    @@CasonKComedy vanguard VTSAX

  • @justinquinones2194
    @justinquinones219411 ай бұрын

    Everything is so true the realest thing i got from this is get rich slow, or stay broke forever. I’ve been trying that rare situation the past 5 years I’m 35 and now doing the get rich slow method and wish I’ve stuck to this method 10 years ago

  • @MarriageKidsandMoney

    @MarriageKidsandMoney

    11 ай бұрын

    Getting rich slowly works! Stick with it. Index and chill as they say.

  • @maxlewis2011
    @maxlewis20112 жыл бұрын

    I just discovered that if I had stop buying my $7 a day breakfast every day/( $196 a month) and invest in index funds that can average 10.41% return.....Millionaire account in 39 years!!!!

  • @MarriageKidsandMoney

    @MarriageKidsandMoney

    2 жыл бұрын

    It’s tough to deny! But that breakfast sounds pretty delicious though … what about negotiating your cell phone bill or getting some discounts on insurance? That way you’re not killing your fun.

  • @maxlewis2011

    @maxlewis2011

    2 жыл бұрын

    @@MarriageKidsandMoney $7 dollar a day on breakfast.....isn't as fun as bagging your own breakfast meal. Plus, I already pay $50 a month for my unlimited cellphone service through boost mobile. I also do the Ramen noodles dinner without the Salt package.

  • @MarriageKidsandMoney

    @MarriageKidsandMoney

    2 жыл бұрын

    @@maxlewis2011 You’ve got a plan that works for you. That’s what is most important! Good luck on your millionaire journey!

  • @maxlewis2011

    @maxlewis2011

    2 жыл бұрын

    @@MarriageKidsandMoney Thank you for sharing your thoughts and providing advice for all to see 👏🏿

  • @carolinavargas61

    @carolinavargas61

    11 ай бұрын

    Is it too late to start at 42?

  • @massageandunwind8787
    @massageandunwind87878 ай бұрын

    Thank you for the content

  • @MarriageKidsandMoney

    @MarriageKidsandMoney

    8 ай бұрын

    Thanks for watching!

  • @RyanPinedaClips
    @RyanPinedaClips11 ай бұрын

    Such a good interview!

  • @MarriageKidsandMoney

    @MarriageKidsandMoney

    11 ай бұрын

    Thank you!

  • @BaileyMxX
    @BaileyMxX11 ай бұрын

    Did he fall asleep in the sun with his sunglasses on? Either that or he's assisting Batman as Robin by day.

  • @gatoborracho4572

    @gatoborracho4572

    11 ай бұрын

    Jajajajaja 👍

  • @mrwok1234

    @mrwok1234

    11 ай бұрын

    He’s been beta testing the vision pro

  • @rootscapital3677

    @rootscapital3677

    11 ай бұрын

    I bet your broke😂

  • @Lovingdogsclub

    @Lovingdogsclub

    11 ай бұрын

    😂😂😂

  • @AdolphusHitler-in4ee

    @AdolphusHitler-in4ee

    11 ай бұрын

    🥰🥰

  • @xf4628
    @xf46289 ай бұрын

    Thank you

  • @MarriageKidsandMoney

    @MarriageKidsandMoney

    9 ай бұрын

    Absolutely! Thanks for watching

  • @mattelvis1866
    @mattelvis186610 ай бұрын

    Great content very helpful.

  • @MarriageKidsandMoney

    @MarriageKidsandMoney

    10 ай бұрын

    Glad it was helpful!

  • @Allan_A
    @Allan_A2 жыл бұрын

    Awesome video! Slow and steady seems boring, but better than speculation. We have index funds in Roth, and taxable VTI to pay off the house early!

  • @MarriageKidsandMoney

    @MarriageKidsandMoney

    2 жыл бұрын

    It’s hard to deny the results!

  • @massageandunwind8787
    @massageandunwind87878 ай бұрын

    You can rebalance with the Schwab index ETFs : take profits from your highest appreciating index etf and use the proceeds as capital to buy the lower value ETFs. Just wash rinse and repeat.

  • @RavenRaven-se6lr
    @RavenRaven-se6lr11 ай бұрын

    Where do you see value in Resources stock ETF

  • @jules2419
    @jules241911 ай бұрын

    I thought he was saying 4 years lol. But yes, looking forward to converting my 401K to the best index funds I can

  • @OctaviaPearl300
    @OctaviaPearl3002 ай бұрын

    Thanks, great interview useful information

  • @MarriageKidsandMoney

    @MarriageKidsandMoney

    2 ай бұрын

    Glad it was helpful!

  • @dondontabzon9421
    @dondontabzon942111 ай бұрын

    Thank you. I love the interview only thing is just want to know for his own opinion what is the top 10 index or etf that he can recommended and we buy keep it for years ?

  • @MrSkapoor121
    @MrSkapoor1219 ай бұрын

    how do you auto invest in stocks and ETFS. Its easy to autoinvest in mutual funds but havent found anything safe and good for ETFs and stocks

  • @MarriageKidsandMoney

    @MarriageKidsandMoney

    9 ай бұрын

    I found M1 Finance did this easily. Have you heard of them?

  • @signedelacroix7213
    @signedelacroix7213Ай бұрын

    🎉 Super cool interview, cool guy. Finaly someone that did it eith index fund. Well he had bunch of help selling his business. But 😎 calculations.

  • @remotemoneyking
    @remotemoneyking11 ай бұрын

    Great content 🎉

  • @MarriageKidsandMoney

    @MarriageKidsandMoney

    11 ай бұрын

    Thank you!

  • @adamnaughty
    @adamnaughty11 ай бұрын

    Thank you open an account and I had no experience for a year it was sitting there cause I didn’t pick any and when I called they will not suggest anything but kinda hint what u need to do like a puzzle…. Also did he say 10years or 40 years

  • @freedomworks3976
    @freedomworks397611 ай бұрын

    VTSAX , VIGAX , VSGAX , VMFXX and VOO are my stare-way to heaven

  • @MarriageKidsandMoney

    @MarriageKidsandMoney

    11 ай бұрын

    Gotta love Vanguard!

  • @smitht1988

    @smitht1988

    10 ай бұрын

    I’m contributing $1600 a month to my VTSAX account. We’ll see how it looks 20 years from now lol

  • @helloworld9134

    @helloworld9134

    10 ай бұрын

    VFIAX (tracks S&P500) is great too.

  • @newviewnc

    @newviewnc

    8 ай бұрын

    What do you all think of FZROX?

  • @tonymimi9715

    @tonymimi9715

    3 ай бұрын

    ​@@smitht1988I wish you the best success! I'll be back in 20 years to get a loan 😅

  • @tylercampbell6365
    @tylercampbell63652 ай бұрын

    I have a mix of index funds and a few ETF Google Apple Amazon Berkshire B .The ones I feel will be around for a long time..Im doing a little gambling on lithium battery companies

  • @SBZ9400
    @SBZ940010 ай бұрын

    Great interview! Thank you for the content.

  • @MarriageKidsandMoney

    @MarriageKidsandMoney

    10 ай бұрын

    Glad you enjoyed it!

  • @andreal2625
    @andreal262511 ай бұрын

    This works🌻

  • @MarriageKidsandMoney

    @MarriageKidsandMoney

    11 ай бұрын

    Absolutely! It helped our family become millionaires too.

  • @marcwareham9351
    @marcwareham93519 ай бұрын

    My only concern with index funds is that, as people move more and more into them. And less into actively managed funds. How will the market set the value for the stocks in the index? As it’ll be the fund buying them regardless. So let’s say KO was actually doing really badly. Vanguard would still be buying the stock and falsely increasing its market cap. What’s your thoughts on this please?

  • @MarriageKidsandMoney

    @MarriageKidsandMoney

    9 ай бұрын

    If KO does really badly and falls out of the index you're investing in ... you no longer invest in KO as an index fund investor. This is a win-win for index fund investors because you only own the market-cap-weighted companies in the index.

  • @michaeldautry

    @michaeldautry

    9 ай бұрын

    It’s basically a free managed fund bc the s&p 500 kicks the companies out if they are not meeting the criteria for the 500 stocks.

  • @MarriageKidsandMoney

    @MarriageKidsandMoney

    9 ай бұрын

    @@michaeldautry That's an EXCELLENT way of looking at it 👍

  • @comeandreasontogether2383

    @comeandreasontogether2383

    4 ай бұрын

    Great question

  • @marcwareham9351

    @marcwareham9351

    4 ай бұрын

    @@michaeldautry you don’t understand the question.

  • @ajk9708
    @ajk97089 ай бұрын

    i would recommend to read fast lane millionaire by MJ De Marco…

  • @jacontre76
    @jacontre762 жыл бұрын

    nice

  • @afrowonderer7183
    @afrowonderer71839 ай бұрын

    Did he say 4 years or 40 years??

  • @stephaniemajor3227
    @stephaniemajor322711 ай бұрын

    How many index funds should I have in my portfolio? Is one S&P 500 fund I contribute to consistently adequate?

  • @TalkingMoneyWithNozi

    @TalkingMoneyWithNozi

    11 ай бұрын

    Add a global index fund like Vanguard Total World for example.

  • @wread1982

    @wread1982

    10 ай бұрын

    All you need is VGT

  • @livinthedream4479

    @livinthedream4479

    2 ай бұрын

    VTI is good too

  • @seansenske2987
    @seansenske29872 жыл бұрын

    Totally Agree

  • @MarriageKidsandMoney

    @MarriageKidsandMoney

    2 жыл бұрын

    I know it's worked well for you my friend! We gotta keep preaching the good word so others can grow their wealth as well.

  • @ploppy193
    @ploppy19310 ай бұрын

    Maybe I'm old fashioned, I really like Vanguard.

  • @MarriageKidsandMoney

    @MarriageKidsandMoney

    10 ай бұрын

    Me too!

  • @duneme
    @duneme11 ай бұрын

    Compounding! I just Love the word! I also Love Real Estate! But, you have to pay it off or it Compounds against you!

  • @MarriageKidsandMoney

    @MarriageKidsandMoney

    11 ай бұрын

    Both Real estate and stocks work best when you buy and hold 👏🏻👏🏻👏🏻

  • @catsalive9572
    @catsalive95729 ай бұрын

    It's not boring when it's handsome nerdy men talking about it. 😆

  • @MarriageKidsandMoney

    @MarriageKidsandMoney

    9 ай бұрын

    ha! Thank you!

  • @mann234
    @mann23411 ай бұрын

    I like it. Less risk but my only take is make sure you buy them at the very bottom.

  • @MarriageKidsandMoney

    @MarriageKidsandMoney

    11 ай бұрын

    Timing the market is very difficult. I prefer time in the market and spending more of time enjoying life.

  • @wyattpitts6945

    @wyattpitts6945

    11 ай бұрын

    How do you buy at the very bottom? Is there an alarm that goes off, right before a rebound? I am New.

  • @MarriageKidsandMoney

    @MarriageKidsandMoney

    11 ай бұрын

    @@wyattpitts6945 I want to know about this alarm too! What does it sound like?

  • @crichards1986

    @crichards1986

    9 ай бұрын

    You'll never guess the bottom. Dollar cost average over a long period of time. Keep adding money, when the market is down you add more, up add less. You'll be loaded in 20 yrs!

  • @MountainManFred
    @MountainManFred10 ай бұрын

    Great info..Thanks! The stats you gave at around 11:10, I played over and over again.. also, the dead people statistic at 9:15 is eye opening too..

  • @MarriageKidsandMoney

    @MarriageKidsandMoney

    10 ай бұрын

    Glad it was helpful!

  • @marthamcroberts4754
    @marthamcroberts47548 ай бұрын

    I always want to invest in funds, but I do not know how to do it, thanks

  • @MarriageKidsandMoney

    @MarriageKidsandMoney

    8 ай бұрын

    I'd recommend checking out Jeremy's course in our video description or pinned comment above. He's helped hundreds of beginners feel like they "finally get it"

  • @rtbills2001
    @rtbills200110 ай бұрын

    What advice do you have for an older person who has started late with investing? I have an IRA and would you recommend opening a brokerage account to invest more money once you have maxed out your IRA for the year?

  • @jmc8076

    @jmc8076

    9 ай бұрын

    Hopefully they’ll reply to you. Try two excellent books on index investing and financial planning in gen incl for/in retirement: -Reboot your portfolio, Dan Bartolotti -Beat the bank, Larry Bates Both have decades of experience in finances/investing. They’re Canadian but their experience and advice cover the US too. Edit: Naftali Harowitz videos on money maybe helpful too. He’s an advisor for high net worth US clients but good advice for all levels incl indexing.

  • @NS-wy6dl
    @NS-wy6dl2 ай бұрын

    Absolutely Right Sir 🙏

  • @MarriageKidsandMoney

    @MarriageKidsandMoney

    2 ай бұрын

    It works!

  • @rs7458
    @rs74582 ай бұрын

    What index funds you recommend for fidelity?

  • @MarriageKidsandMoney

    @MarriageKidsandMoney

    2 ай бұрын

    FXIAX tracks the S&P 500 index. "Don't buy the needle in the haystack, just buy the haystack." - Jack Bogle

  • @christianviruet6229
    @christianviruet62292 жыл бұрын

    Great video

  • @MarriageKidsandMoney

    @MarriageKidsandMoney

    2 жыл бұрын

    Thank you!

  • @johnyates153
    @johnyates15320 күн бұрын

    Is there a difference between index funds and ETFs?

  • @MarriageKidsandMoney

    @MarriageKidsandMoney

    20 күн бұрын

    Yes and no. ETFs can typically be bought at a lower price. Also, they can be sold during the trading day and index funds sold at the end of the market day. But as far as what you're investing in, an ETF like VTI and an index fund like VTSAX are pretty much the same.

  • @tylerj6219
    @tylerj62195 ай бұрын

    I invest 710 a month between my roth and taxable. Im also funding and emergency fund currently so after that it equals 1050 a month invested.

  • @MarriageKidsandMoney

    @MarriageKidsandMoney

    5 ай бұрын

    That's a strong contribution amount! Nice work!

  • @AntonLitvin
    @AntonLitvin10 ай бұрын

    Thats all great but adjusted for inflation you will still not get rich even after 40 years. I just googled that an item worth 100 in 1960 would be worth 1000 in 2023. So 40 years from now 2 million will be 200k in todays valuation. So setting aside small sums and putting it into index will help you a little when you’re old but don’t count on getting actually rich. Starting a business and than investing is basically the only way anyone could get rich.

  • @donaldlyons17

    @donaldlyons17

    10 ай бұрын

    Right!!!! Yeah these people know the answer is having an income that outpaces expenses but with so many not making enough they don't want them to just leave.... So they suggest slow and steady which will not work either..... WTF why not just be honest?

  • @MarriageKidsandMoney

    @MarriageKidsandMoney

    10 ай бұрын

    Inflation is definitely something to account for. Since the stock market has averaged around 10% over it's existence and inflation averages around 3% over its history as well ... a real rate of return of around 7% may be a better input. With that said, contributing $500 per month for 40 years at a 7% real rate of return will make you a millionaire (in today's dollars). So I guess the question really is ... what do you consider rich?

  • @donaldlyons17

    @donaldlyons17

    10 ай бұрын

    @@MarriageKidsandMoney $500 a month is more than a huge percentage of the population can afford each month especially for YEARS!!! We know this because too many when polled don't even have 1K cash each year in the even they have an emergency...... SO no for the majority it is not possible and they will not be able to do that for 40 years on average either!!!!

  • @acer4237

    @acer4237

    9 ай бұрын

    @@MarriageKidsandMoneywhatever number makes you comfortable In what is important to you. Everyone has a different number and idea on what’s rich.

  • @MarriageKidsandMoney

    @MarriageKidsandMoney

    9 ай бұрын

    @@acer4237 Absolutely! Couldn't agree more!

  • @AdolphusHitler-in4ee
    @AdolphusHitler-in4ee11 ай бұрын

    You become millionaire with big investment in index 🙂,

  • @andreal2625
    @andreal262510 ай бұрын

    He’s right. I did it.

  • @MarriageKidsandMoney

    @MarriageKidsandMoney

    9 ай бұрын

    Gotta love that! Nice work!

  • @carolannstevens5814
    @carolannstevens5814 Жыл бұрын

    Are index funds the same as mutual funds?

  • @zestpeet4614

    @zestpeet4614

    Жыл бұрын

    Index funds usually have lower fees associated with them because they're not managed in the same way as a mutual fund.

  • @cindytat2022

    @cindytat2022

    11 ай бұрын

    ​@@zestpeet4614 %

  • @juanserrano3297
    @juanserrano32979 ай бұрын

    M1 is another very good platform to invest automatically.

  • @MarriageKidsandMoney

    @MarriageKidsandMoney

    9 ай бұрын

    Agreed!

  • @obriennate4591
    @obriennate459110 ай бұрын

    I loved this !!!!!!❤❤❤❤ Danke!! Reminds me of how I made my first million I invested quarter a million in trading stocks with the help of an excellent broker who trades for me.

  • @ralph.gpaker6430

    @ralph.gpaker6430

    8 ай бұрын

    Well said. I'm from NY & I'm sitting on a lump sum I need to invest, who's trades for you and how can I reach out to help me trade?

  • @obriennate4591

    @obriennate4591

    8 ай бұрын

    Alright, she's Erlinia Jedraa Barrett. Look her name up.

  • @dr.liangmo882

    @dr.liangmo882

    8 ай бұрын

    👍👍 My friend in Europe who works with Erlinia Jedraa Barrett referred me to her & she trades for me currently. I started with £100k in a few months I've made over 520k. She’s amazing. Cheers🥂🌹

  • @estebangarcia9105
    @estebangarcia91057 күн бұрын

    What about ETFS?

  • @MarriageKidsandMoney

    @MarriageKidsandMoney

    7 күн бұрын

    ETFs can be great tools as well!

  • @jesuszamora6313
    @jesuszamora63139 ай бұрын

    Bro congrats first of all, but I have 16 years in investing in my 401k.. But I have 140k in my 401k..reaching 45years of age..I think I'm not doing good just leaving it alone..need help..I want to reach 1mil by 55 year of age..what can I do..

  • @MarriageKidsandMoney

    @MarriageKidsandMoney

    9 ай бұрын

    First of all, congratulations on growing your 401k balance to $140,000 at 45 years old. To get to $1 million by 55, you would need to consider maxing out your 401k each year for the next 10 years. If you get an employer match, that would help a lot. If you don't get an employer match, you could consider investing with (and maxing out) a Roth IRA as well. Here's a video on how to open a Roth IRA with my favorite low cost brokerage partner Vanguard: kzread.info/dash/bejne/doilptxmhdSWqM4.html

  • @MarriageKidsandMoney

    @MarriageKidsandMoney

    9 ай бұрын

    Also, check into what type of investments you're investing in within your 401k. Not all investments are the same and your 401k fees could be higher than normal too.

  • @kenhedges
    @kenhedges10 ай бұрын

    Here's how to become a millionaire quickly... invest a million in index funds.

  • @ciscohour5884

    @ciscohour5884

    3 ай бұрын

    Exactly. Otherwise - wait 40 years.

  • @cherylvargas9187
    @cherylvargas918710 ай бұрын

    I would have liked to hear what specific index funds does he buy. FIAX? VTI? Etc

  • @helloworld9134

    @helloworld9134

    10 ай бұрын

    Probably VTSAX (Vanguard Total Stock Market Index Fund) or VFIAX (Vanguard 500 Index Fund).

  • @victorleon6016
    @victorleon60162 ай бұрын

    Stocks will not go to zero if it's fundamentals are good

  • @nguye1971
    @nguye197110 ай бұрын

    Tough to trust fund managers to do the right thing. Why not take their top picks of each fund and build your own portfolio. Trading is inexpensive nowadays and you control your own trade.

  • @LC-gu2sc
    @LC-gu2sc9 ай бұрын

    Close yourveyes, he sounds like Tony Robins.

  • @MarriageKidsandMoney

    @MarriageKidsandMoney

    9 ай бұрын

    A compliment for sure!

  • @gregmarinez742
    @gregmarinez7423 ай бұрын

    Here’s my focus: Explore the formidable synthesis of compound interest, dollar-cost averaging, and index funds. Yet, the veritable enigma resides within time. With time as your comrade, you'll liberate opulence immeasurable! Adhere steadfastly to the path of constancy, discipline, and a scarcity mindset-they constitute the quintessential components that distinguish triumphant individuals from those ensnared in the relentless cycle of the rat race.

  • @raychristopher7797
    @raychristopher77973 ай бұрын

    Well that would be impossible to do considering I'm in my late 50s and I'm more interested in investments that could set me up for retirement in my 60s, my goal is at least $2million.

  • @user-yw2by6rc1j

    @user-yw2by6rc1j

    3 ай бұрын

    Maybe you should consider looking up Leticia Zavala Perkins, she has an impressive resume to work with.

  • @zxmpsychiatry7602
    @zxmpsychiatry76022 жыл бұрын

    Sad when Borders went out. Go BLUE!

  • @MarriageKidsandMoney

    @MarriageKidsandMoney

    2 жыл бұрын

    Agreed! An icon for a long time.

  • @freedomworks3976

    @freedomworks3976

    11 ай бұрын

    Yep one of my favorite stores

  • @tBone20082
    @tBone200829 ай бұрын

    Index Funds where only gains are kept and not participating in down turns. That is real index power.

  • @MarriageKidsandMoney

    @MarriageKidsandMoney

    9 ай бұрын

    I wouldn't agree with that statement. In 2022, the S&P 500 went down by 18%. S&P 500 Index Fund holders lost 18% that year, but it's up about 19% this year so far (July 2023). So if you started investing at the beginning of 2022 and invested in the S&P 500 index, then you'd be up by 1% today. Long-term though (say over the past 100 years) ... you'd be averaging around 10%

  • @tBone20082

    @tBone20082

    9 ай бұрын

    @@MarriageKidsandMoney yes. Agreed. Wouldn’t you say keeping gain and adding to that be better?. Any variable account is good for long term. Variable account have tax . Would you agree no tax would be better ?

  • @wread1982
    @wread198210 ай бұрын

    Index funds are slowwwwwwww, I do the growth stock swing trading like Jim Roppel, I always set stops so I ever lose out

  • @ammasashwin1

    @ammasashwin1

    10 ай бұрын

    That's a great idea Stops. I'd like to time a decent entry point and have some stop limits.

  • @great456789
    @great45678910 ай бұрын

    Did he say a millionaire in 4 years or 40 years?

  • @jhonatanrosario6787

    @jhonatanrosario6787

    10 ай бұрын

    40

  • @bu-ey8yj

    @bu-ey8yj

    10 ай бұрын

    Correct. I'm curious how many of us will still be around in 40 years.

  • @johneastwood4852

    @johneastwood4852

    10 ай бұрын

    40

  • @kakaroth80
    @kakaroth809 ай бұрын

    Ok, I hear you. Is 2023 I want to start investing and I have two questions: - where do I buy? Can I do it myself without my bank? Are the apps around valuable? - 250$ monthly, what evolution can I expect to see in 5years time?

  • @MarriageKidsandMoney

    @MarriageKidsandMoney

    9 ай бұрын

    Low-cost brokerage firms like Vanguard, Fidelity or Schwab are smart places to consider. It is possible to do it by yourself, but having support can help! Check out Jeremy's course www.marriagekidsandmoney.com/pfc (affiliate link) for guidance And with $250 monthly over 5 years with a 7% real rate of return, you may have around $17,000 Same situation but giving it 10 years ... $41,000 Same situation but 20 years $122k 30 years ... $283k 40 years ... around $600k If you want more, you'll have to contribute more or give it more time.

  • @kakaroth80

    @kakaroth80

    9 ай бұрын

    @@MarriageKidsandMoney thanks

  • @rosh70

    @rosh70

    4 ай бұрын

    Vanguard and Fidelity are the best starting points. Vanguard has Robo Advisor and it's free. VTSAX is the best ROI index fund. While FXAIX is Fidelity's best S&P 500 Index fund.

  • @onlyagreeingsometimes
    @onlyagreeingsometimes10 ай бұрын

    250 over 4 years or 40 years 🤔

  • @vincenuevo_

    @vincenuevo_

    10 ай бұрын

    40. 😂

  • @onlyagreeingsometimes

    @onlyagreeingsometimes

    10 ай бұрын

    @@vincenuevo_ That's what I was thinking 🙄

  • @MarriageKidsandMoney
    @MarriageKidsandMoney2 жыл бұрын

    Want to become a millionaire with index funds? Jeremy shows you how here: www.marriagekidsandmoney.com/pfc (affiliate link)

  • @Lovingdogsclub

    @Lovingdogsclub

    11 ай бұрын

    Oh my wife forgot she has an account, I will check to see how much she has. 🎉🎉🎉🎉🎉

  • @camelshark69

    @camelshark69

    10 ай бұрын

    I’m new too. Are we talking about investing in ETF’s?

  • @MarriageKidsandMoney

    @MarriageKidsandMoney

    10 ай бұрын

    @@camelshark69 Index funds and ETFs can be excellent ways to get started!

  • @joeschmoe1794
    @joeschmoe179410 ай бұрын

    Buy a 3x ETF that tracks the S&P 500.

  • @layson9061

    @layson9061

    9 ай бұрын

    2x or 3x ETFs are not designed for long term. They suffer decay because they rebalance at the end of each day.

  • @joeschmoe1794

    @joeschmoe1794

    9 ай бұрын

    @@layson9061 No they don’t. TECL (3x ETF of the S&P 500 tech sector) has turned a 162x since its inception back in December 2008. TQQQ (3x ETF of the Nasdaq 100) has turned a 111x since its inception back in February 2010. But you go ahead and keep telling yourself they suffer from decay. I’ll keep backing the truck up and buying more the more they go down. Both are literal no brainers.

  • @great456789
    @great45678910 ай бұрын

    A millionaire in 4 years?!? How is that investing $250 a month? More like 20 years.

  • @jhonatanrosario6787

    @jhonatanrosario6787

    10 ай бұрын

    40 years

  • @southern-sunshine
    @southern-sunshine9 ай бұрын

    3 million at the end of 40 years is inflation (5%) adjusted 400k. Its nothing. If you want to be rich only two options - either increase amount invested or achieve higher roi

  • @MarriageKidsandMoney

    @MarriageKidsandMoney

    9 ай бұрын

    I believe inflation over the next 20-30 years will trend closer to the Fed's target rate of 2-3%. Historically, you'll see the average inflation over time in the US is closer to that 3% number. 5% feels very high to me, but to each their own.

  • @user-cy9qr2ne4j
    @user-cy9qr2ne4j2 ай бұрын

    Off-topic 100% get to meat

  • @reversemoustachecat8127
    @reversemoustachecat81279 ай бұрын

    To become a millionaire with index funds: 1) Pray you are in a bullish secular cycle. 2) dedicate 30 yrs to work or more. 3) Or start with 800k and retire in 3 yrs.

  • @sandygranderson3369
    @sandygranderson336910 ай бұрын

    A b

  • @kikolatulipe
    @kikolatulipe9 ай бұрын

    The big question, what Iwould be the value of 1 million in 40 years !

  • @TylerRayHamblin

    @TylerRayHamblin

    2 ай бұрын

    More than $0!

  • @anuragparanjpe
    @anuragparanjpe6 ай бұрын

    you are talking shit man any penny stock can beat any index fund

  • @TylerRayHamblin

    @TylerRayHamblin

    2 ай бұрын

    🤣 you can’t be serious

  • @iankamau222
    @iankamau2223 ай бұрын

    he lost me when he insulted old people who are forced to work at places like WalMart.. pretty easy to teach w/o talking down to ppl