Simplify How You Manage & Invest Your Money

► Try Playbook - Develop Your Most Tax-Efficient Investment Strategy: www.helloplaybook.com/taekim
Disclaimer: Tae Kim was paid a flat fee for producing this endorsement of Playbook and is also paid a flat fee for each successful referral to Herring RIA Sub, LLC ("Playbook") made through our links. Tae Kim is not a Playbook client. There is no guarantee that clients will have similar experiences or success.
0:00 - Intro
0:30 - Use Simple Financial Products
2:04 - Simplify Your Investment Strategy
4:23 - Try Playbook
6:07 - Go Paperless
7:53 - Minimize Touch Points
9:52 - Automate
11:38 - Simplify Your Money Goal
► Download Your FREE PDF 1-Page Companion Guide: financial-tortoise.ck.page/02...
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FAVORITE TOOLS:
► Mint Mobile - Check Out My Partner Mint Mobile, Affordable Phone Service - trymintmobile.com/financialto...
► SoFi - Checking & High-Yield Savings Account, Terms Apply - sofi.com/tae
► Shortform - More Than Book Summaries - shortform.com/taekim
► Playbook - Develop Your Most Tax-Efficient Investment Strategy - www.helloplaybook.com/taekim
LINKS:
► Get My Weekly Newsletters: www.financialtortoise.com/new...
► Favorite Books: www.financialtortoise.com/bes...
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.

Пікірлер: 75

  • @TaeKimFinancialTortoise
    @TaeKimFinancialTortoise24 күн бұрын

    ► Try Playbook - Develop Your Most Tax-Efficient Investment Strategy: www.helloplaybook.com/taekim

  • @stewartcotton9954

    @stewartcotton9954

    16 күн бұрын

    Question: i want to start investing with vanguard and it say i have to put in 3k at first for the fund. my question is if i wanted to purchase VFIAX and VTSMX. would i need 6k total to buy both ? or 3k first and then I can purchase other funds? can you do a video on this if you get a chance? Thanks and if anyone else have the answer, it would be greatly appreciated.

  • @nicolasbenson009
    @nicolasbenson00920 күн бұрын

    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.

  • @BridgetMiller-

    @BridgetMiller-

    20 күн бұрын

    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.

  • @berniceburgos-

    @berniceburgos-

    20 күн бұрын

    This is superb! Information, as a noob it gets quite difficult to handle all of this and staying informed is a major cause, how do you go about this are you a pro investor?

  • @tatianastarcic

    @tatianastarcic

    20 күн бұрын

    It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.

  • @Michaelparker12

    @Michaelparker12

    20 күн бұрын

    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

  • @tatianastarcic

    @tatianastarcic

    20 күн бұрын

    Well, there are a few out there who know what they are doing. I tried a few in the past years, but I’ve been with Melissa Terri Swayne for the last five years or so, and her returns have been pretty much amazing.

  • @jaymoar3561
    @jaymoar356122 күн бұрын

    This guy is like the Korean Warren Buffet, make it simple and don’t try to beat the market because 95% of the time you won’t! Low cost index fund will get you there!

  • @Username_CC_

    @Username_CC_

    19 күн бұрын

    Over our lives. 0 people will beat the market. You can only track it with the index and wait.

  • @Jason-gp4hg

    @Jason-gp4hg

    4 күн бұрын

    Investing is so simple I don’t know why people try to make it so complicated. Just stay the course and don’t fight the FED.

  • @Maaahk
    @Maaahk14 күн бұрын

    Thank you for your videos mate.. Predicting< a reversal of a trend is risky, and even worse, I believe there is more to this market than we understand currently. When people are losing, they don't aim to increase their average, but that can only change if you have a personal trade guide and signal provider like that of Whitney Eston which has made me almost 11.5 on a 3.7 btc Trade capital over the last 3 weeks. Make the wise decision. Markets fluctuate in cycles that can last anywhere from a few days to several years. In the case of B -TC, it's difficult to make a bullish case simply from looking at the charts.

  • @Maaahk

    @Maaahk

    14 күн бұрын

    She's often interacts on Telegrams, using the user-name.

  • @Maaahk

    @Maaahk

    14 күн бұрын

    @WhitneyEston.

  • @EcomCarl
    @EcomCarl22 күн бұрын

    Keeping things simple with low-cost index funds and straightforward budgeting strategies is such solid advice. Consistency and ease go a long way in reaching financial goals! 🌟

  • @kryptoknight9830
    @kryptoknight983022 күн бұрын

    Love the library and squat rack background, great space optimization Ser .

  • @falsencambre8699
    @falsencambre869918 күн бұрын

    My approval sir on the following: The great advice, the mental and physical workout space, and that bulletproof hairline.

  • @DrBilly90210
    @DrBilly9021022 күн бұрын

    Have been minimizing touch points this year: Had a small pension from a previous employer; took cash buyout option and rolled it over to IRA. Moved a 529 and HSA to same large investment firm where I have other accounts. I call it "Swedish financial death cleaning." 😂 I usually have 3 credit cards open b/c I've been hacked a few times & the flexibility to switch cards is nice while sorting out the mess. I use only one most of the time and all of them are fully paid every month.

  • @kelvinjohnson4
    @kelvinjohnson46 күн бұрын

    Look for stocks that have paid steady, increasing dividends for years (or decades), and have not cut their dividends even during recessions.

  • @Markjohnson09

    @Markjohnson09

    6 күн бұрын

    I’m taking the hybrid approach, VOO, SCHD as my foundation, with growth like MA, UNH, HD. And slow growth like O and PEP. I have a 20 year time horizon. But the best part is I still enjoy my life while I do this. Travel, and buy ONLY things I love. It’s the best combo, plus I love the small victories with receiving dividends/dividend growth/share price appreciation.

  • @KelvinWallace

    @KelvinWallace

    6 күн бұрын

    VGT is an excellent portfolio addition, but relying solely on it for retirement may not be optimal. I retired at 62, grew my portfolio to $1.5 million in 10 years starting with 135,000 through the help of a fiduciary and dividends now supplement my retirement income. Invest wisely, build your nest egg, and don't sell the chicken that lays the egg!

  • @RichardBayer

    @RichardBayer

    5 күн бұрын

    @@KelvinWallace 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 but it seems you’ve got it all worked out with the firm you work with so i surely wouldn’t mind a recommendation.

  • @KelvinWallace

    @KelvinWallace

    5 күн бұрын

    My CFA ’Marisa Breton Dollard’ , 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.

  • @RichardBayer

    @RichardBayer

    5 күн бұрын

    @@KelvinWallace I greatly appreciate it. I'm fortunate to have come upon your message because investing greatly fascinates me. I'll look her up and send her a message. You've truly motivated me. Thanks.

  • @rays3277
    @rays327722 күн бұрын

    Thanks Tae! Keep them videos coming!!!

  • @wyattplayzgames2918
    @wyattplayzgames291818 күн бұрын

    Your voice is so comforting! Great Video's!

  • @SausalitoVicki
    @SausalitoVicki22 күн бұрын

    Good morning, Tae! Thanks for another very helpful video!😊

  • @financeeducationforall
    @financeeducationforall22 күн бұрын

    Very good advice, Mr. Kim. Your videos are very thoughtful and accessible.

  • @ruechel
    @ruechel17 күн бұрын

    really fantastic advice. Thank you

  • @victorcamilo7232
    @victorcamilo723221 күн бұрын

    Thanks!

  • @ELconomics
    @ELconomics22 күн бұрын

    Coach TK top of the morning

  • @krishnaburkule9277
    @krishnaburkule927718 күн бұрын

    Thank you for your research. I find your videos are well done. RIght now I'm keeping an eye on Eledator

  • @user-qi6fi8tt1k
    @user-qi6fi8tt1k18 күн бұрын

    Oh, I love you guys, the best market analysis! Seriously, why not mention Eledator?

  • @kissekahaniorshivam
    @kissekahaniorshivam22 күн бұрын

    Hello tae, the points that you are showing in the videos are small in size kindly use bigger font size.

  • @jasonjstdr
    @jasonjstdr22 күн бұрын

    How about 70% total US stock market (VTI), 10% high dividend fund (SCHD), 10% growth, and 10% total international stock fund?

  • @toastedtarantula1701
    @toastedtarantula170122 күн бұрын

    I like the different view with more background light. How about a workout video ? I see a theme here, ... 1. financial strength, 2. family strength and 3. physical strength.

  • @aswink1245

    @aswink1245

    20 күн бұрын

    You might enjoy that too much

  • @andylgd
    @andylgd21 күн бұрын

    Really good advice, thank you Tae! I definitely need to cut down on the number of accounts I have open some eventually. What do you think of SCHD as opposed to the VOOs and VTIs of the portfolios?

  • @davidmclifton1
    @davidmclifton122 күн бұрын

    With all the new fees announced by Vanguard, and the constant degradation of their services, I think switching to a real broker and using their ETFs makes more sense.

  • @DrBilly90210

    @DrBilly90210

    22 күн бұрын

    Vanguard needs some good news/PR. While the optics aren't great, most of the fees aren't an issue if you just want low cost index investing (e.g. not many have foreign stocks with ADRs, etc.). Worse than these fees, IMO is the long wait time and poor responsiveness if you need to actually speak with someone. I've been slowly consolidating other accounts @ Fidelity; less hassle & better service. BTW, the new $100 "account closure fee" at Vanguard can be recouped in many cases by asking whatever firm you're moving to for reimbursement (you have to ask for it).

  • @jaymoar3561

    @jaymoar3561

    22 күн бұрын

    Come to Fidelity, that treat you right and their customer service is the best in the world. Also bunch of 0% expense ratio mutual funds etc.

  • @maxb232

    @maxb232

    20 күн бұрын

    +1 for Fidelity!

  • @trackguy4038
    @trackguy403822 күн бұрын

    I use a second back account that is a checking account for payments that are pulled out with automation. This is done so this account is hacked, it is a minimal loss. Clark Howard recommends this approach

  • @AmithKaury
    @AmithKaury14 күн бұрын

    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?.

  • @donovantobs

    @donovantobs

    14 күн бұрын

    If you lack knowledge about market investing tactics, get advice from a financial counselor.

  • @Jamesjerome0

    @Jamesjerome0

    14 күн бұрын

    Due to my demanding job, I lack the time to thoroughly assess my investments and analyze individual stocks. Consequently, for the past seven years, I have enlisted the services of a fiduciary who actively manages my portfolio to adapt to the current market conditions. This strategy has allowed me to navigate the financial landscape successfully, making informed decisions on when to buy and sell. So yes i think every investor should consider a similar approach.

  • @rachelonigirl

    @rachelonigirl

    14 күн бұрын

    How can I reach this advisers of yours? because I'm seeking for a more effective investment approach on my savings?

  • @tracybrown9752
    @tracybrown975222 күн бұрын

    I have 30 years of statements from before paperless options. All retirement accounts. Do I need to keep them? Can I shred?

  • @MarkBacera

    @MarkBacera

    4 күн бұрын

    Pay a VA to scan them and then throw them away?

  • @Jessecote875
    @Jessecote87518 күн бұрын

    I lost over $70k when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that's what everyone said. I'm still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I'm really grateful I found one source to recover my money, at least $10k profits weekly. Thanks Patricia Annie Brooks

  • @Charlottehornets4

    @Charlottehornets4

    18 күн бұрын

    Wow. I'm a bit perplexed seeing her been mentioned here also Didn’t know she has been good to so many people too this is wonderful, i'm in my fifth trade with her and it has been super.

  • @erikyanez5371

    @erikyanez5371

    18 күн бұрын

    She is my family's personal broker and also a personal broker in many families I'm United States, she's a licensed broker and a FINRA AGENT in United states

  • @carolynvo7802

    @carolynvo7802

    18 күн бұрын

    You trade with Annie Brooks too? Wow that woman has been a blessing to me and my family.

  • @Rodriguezpaul-9

    @Rodriguezpaul-9

    18 күн бұрын

    I'm new at this, please how can I reach her?

  • @Brucelanham845

    @Brucelanham845

    18 күн бұрын

    I just withdrew my profits a week ago, To be honest it was an amazing feeling when the profits hits my wallet I wish I could reinvest but, too much bills

  • @nated2769
    @nated276922 күн бұрын

    Can I ask what microphone you are using? Great sound!

  • @devmurmu9319
    @devmurmu931918 күн бұрын

    Wait, do you think cryptocurrency will crash? I don't think so. I'm using Eledator, traders just do business instead of me :) I don't afraid even if crypto will crash

  • @oran1992
    @oran199221 күн бұрын

    BTC can disregard techincals when in a bull, did that in 2020 when it crossed previous ATH... stayed there a few weeks and continued pumping like crazy to 60k. Also, there is one constant... when around 90 on monthly RSI, the end is near. And don't expect crazy price targets of 500k... expect around 100k at most and be happy if there's more after that. If you believe big boys and CEO's of big invesment firms saying targets like 1M this cycle.. you deserve to be their exit liquidity..It's not about guessing the market's next move; it's about playing it smart and steady during trading...managed to grow a nest egg of around 2.3B'tc to a decent 21B'tc in the space of a few months... I'm especially grateful to Francine Duguay, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.

  • @danyrrlima

    @danyrrlima

    21 күн бұрын

    The internet is filled with so many useful information about Francine Duguay crypto….

  • @xCaataalinaa

    @xCaataalinaa

    21 күн бұрын

    This is why it is advisable to connect with a true market strategist in order to avoid missing such opportunity and maintain steady gains.

  • @maramnajem

    @maramnajem

    21 күн бұрын

    She appears to be well-educated and well-read. I ran a Google search on her name and came across her website; thank you for sharing.

  • @anawt

    @anawt

    21 күн бұрын

    It really helped trading with Francine Duguay analysis and info, even with the market in a downward trend. Definitely riding the market wave is a good perspective..

  • @darmidon78

    @darmidon78

    21 күн бұрын

    I read about her too on the website. That is how I get connected to her. Thanks for putting this down here

  • @Jason-gp4hg
    @Jason-gp4hg4 күн бұрын

    Hi there please when you are going to make a video about FUNDRISE. thank you 🙏

  • @kurtKking
    @kurtKking14 күн бұрын

    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?.