The TRUTH About Being A Millionaire
Ever wondered what a million dollars truly means in today's economy?
Dive into an enlightening discussion that demystifies the perceived value of becoming a millionaire. Discover why a million might not stretch as far as you think, from maintaining a lifestyle to investing wisely. This video unpacks the realities of financial expectations versus reality, inspired by insights from "The Millionaire Next Door." Whether you aspire to wealth or simply seek financial wisdom, this video offers a fresh perspective on what it truly means to have a million dollars.
Highlights:
Expectations vs. Reality: Exploring the initial misconceptions about having a million dollars.
Investment Insights: How investing a million dollars works and what returns you can realistically expect.
Lifestyle Considerations: Discussing how lifestyle choices affect the longevity and impact of your million.
Practical Advice: Tips on living modestly and maximizing the value of your money based on principles from "The Millionaire Next Door."
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Пікірлер: 32
Hit 340k today. Thank you for all the knowledge and nuggets you had thrown my way over the last months. Started with 14k in
@yunusasadisu380
Ай бұрын
Sophia my life savior
@yunusasadisu380
Ай бұрын
My €245k sure to night
@OnunuVictoria
Ай бұрын
I'm celebrating a $52k stock portfolio today. I started this journey with 6k. I have invsted on time and also with the right terms now I have time for my family and the life ahead of me
@CapitecBank-nh8ve
Ай бұрын
I'm celebrating a $52k stock portfolio today. I started this journey with 6k. I have invsted on time and also with the right terms now I have time for my family and the life ahead of me
🔥 Video. Thanks OG Brad for all the information you put out.
@THEREALBRADLEA
Ай бұрын
Appreciate that
Thanks Brad, spitting value every time you drop one.
Soooo when i start making $100,000/ month I should keep my expenses at $21,000 or lower
Larry June told us in 2019 a million ain’t enough
@bruceprofitsTradesFutures
Ай бұрын
Numbers
Well said Brad 💣
Story falls apart at Living on 1MM per year. That’s pretty easy to do. There 1st, 2nd & 3rd million…completely agree with him
Facts!!!!
ANOTHER GREAT VIDEO .... THIS IS THE REASON BRAD LEA HAS A HUGE AUDIENCE.... HES REAL!!!!
Live modestly. That's the point. Do what you want to do. Follow your vision. Do not try to impress others on social media or even the people around you. I see so many with fancy cars and then they live in a crappy small house. Others won't give you anything in return. Control your expenses and live below your means. It might be flattering when someone compliment you on your ride, but how do you feel if you can't handle the car payment? The gas, the insurance? Keep it low...
I get this. Running money > stagnant money
Yes sir!! 😎
It’s sounds like it’s a good amount of money but will only do so much for you and not the exorbitant amount people think it is. Either way it is necessary and quality of life is so much better which is crucial to keeping a certain quality of women which is what I want.
110%
10 million in the bank to help people, a tiny home on a piece of land near the ocean and my bible I’ll be set
One million in the s&p will give you $100k a year. Take out 4% to reinvest so that the one million goes up in proportion to inflation. Then you pay about 35% in taxes. So your left with about $60k a year to spend once you deduct for the tax and the Inflation reinvestment. Not alot af famies have a lifestyle they can sustain on $60k. Most families need about 3 million just to retire. Now if you want to buy anything nice you need even more money and you need more money to replace that nice item 6 years latter when it's worn out and you need more money to maintain that nice item and insure it. Your not really rich until you get like $10million cash after taxes. And I don't mean filthy rich just rich enough to retire and keep the same lifestyle and have a few nice things.
two sides of the same coin? is it enough or NOT?
Love ya Brad, cut them nails bro ]
Happiness is al about people and relationships. AS LONG AS YOU HAVE A LOT OF MONEY
@thebigten90
Ай бұрын
Goes without saying right
$10M is the new million
@ElJefe360
Ай бұрын
Well said Mate!! ✌🏻
That was hilarious
Q Those who think old school millionaire 🤔 Mansion Jet Yatch Ballroom dancing 💃 Q❤
Or make millions and leave America and live like a king