WARNING: 5 Shocking Investing Mistakes You're Making Right Now! (Stop Before It's Too Late)

Тәжірибелік нұсқаулар және стиль

▸▸▸SPECIAL ANNOUNCEMENT: Enrollment for our 365 Days to FIRE Program is now open for the class of 2025! Enroll now and get 50% off the full price. Spaces are limited! Learn more at: www.365daystofire.com/
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Books that have helped us on our Financial Independence Journey
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The Bogleheads' Guide to Investing: amzn.to/2UjEc4j
The Intelligent Investor: amzn.to/2MKGokh
A Random Walk Down Wall Street: amzn.to/2zIVI8p
The Book on Rental Property Investing: amzn.to/2UkwgQ6
Building Wealth One House at a Time: amzn.to/2ZJQuDW
Rich Dad Poor Dad: amzn.to/2ZD29IK
The Total Money Makeover: amzn.to/2Lc0thn
The $100 Startup: amzn.to/2UnBpqK
Freakonomics: amzn.to/2HCnDeJ
▸▸▸Follow us on Instagram: / richjourney
Our Rich Journey - WARNING: 5 Shocking Investing Mistakes You're Making Right Now! (Stop Before It's Too Late) - Are you unknowingly sabotaging your investment portfolio? In this eye-opening video, we uncover the 5 most common investing mistakes that could be costing you dearly. From prioritizing overconsumption to lacking motivation, we'll reveal the pitfalls that many investors fall into and provide actionable tips to help you avoid them. Don't let these mistakes jeopardize your financial future. Watch now and take control of your investments before it's too late!
▸▸▸Check out some of our other videos!
Stock Market Is Crashing, So We're Buying This NOW (See Our Top Pick):
• Stock Market Is Crashi...
Oh NO! Interest Rates Are Going Up! | Here's How to Invest in the Stock Market:
• Oh NO! Interest Rates ...
9 Rules We Followed to Become Millionaires in our 30s:
• 9 Rules We Followed to...
Financial Norms Destroying Your Wealth - We Broke Them to Retire at 39 As Millionaires:
• Financial Norms Destro...
Our Top ETF Investments for Dividend Income and High Returns to Retire Early:
• Our Top ETF Investment...
Investing in Index Funds for Beginners | Tips & Advice From Millionaire Investors:
• Investing in Index Fun...
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DISCLAIMER:
We are not financial advisors. Our videos are for educational purposes only and merely cite our own personal opinions. In order to make the best financial decision that suits your own needs, you must conduct your own research and seek the advice of a licensed financial advisor if necessary. Know that all investments involve some form of risk and there is no guarantee that you will be successful in making, saving, or investing money; nor is there any guarantee that you won't experience any loss when investing. Always remember to make smart decisions and do your own research!
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Пікірлер: 128

  • @OurRichJourney
    @OurRichJourney24 күн бұрын

    ▸▸▸SPECIAL ANNOUNCEMENT: Enrollment for our 365 Days to FIRE Program is now open for the class of 2025! Enroll now and get 50% off the full price. Spaces are limited! Learn more at: www.365daystofire.com/

  • @YouTube-Customer-Support535
    @YouTube-Customer-Support5353 ай бұрын

    I found Our Rich Journey when I was 21 and leaving the military. I was living paycheck to paycheck and had a negative net worth. I took 6 years and built the habits up from what they have taught and now I'm sitting at a NW of 250k+ It has changed my life! Can't thank them both enough for all of the knowledge they have shared! Thanks Amon and Christina! :)

  • @OurRichJourney

    @OurRichJourney

    3 ай бұрын

    Wow! That is FANTASTIC!!!! Congratulations!!!! I’m so happy to hear that you pursued a path of financial literacy and the results have been so great!!! Thank you for sharing that with us!!!!❤️

  • @YouTube-Customer-Support535

    @YouTube-Customer-Support535

    3 ай бұрын

    @@OurRichJourney Yeah! :) small changes compound into big ones with the right habits! I make sure to tune in every sunday at noon for another video from you both! Thank you for all of the videos, I still house hack to this day, live rent free, and a lot of what motivated me was watching all of your videos from your time in Japan and California where you had property! It's been great to follow your journey as well! Love the growth and the videos :)

  • @genjimonogatari6156

    @genjimonogatari6156

    3 ай бұрын

    That’s what’s up. Hope you follow the passport bro mind set too. And get out of the matrix with your money and live like a king. Lol… not sure if you are male or female 😂

  • @MTXSHO9732vV8SHO

    @MTXSHO9732vV8SHO

    3 ай бұрын

    Your next $250,000 will come 50% faster. KEEP BANGIN'!!!

  • @aracelireyes999

    @aracelireyes999

    3 ай бұрын

    ❤🎉

  • @noreenn6976
    @noreenn69763 ай бұрын

    Christina is back 🎉

  • @OurRichJourney

    @OurRichJourney

    3 ай бұрын

    Yes!!!!❤️🥰❤️

  • @LoveLife11115
    @LoveLife111153 ай бұрын

    Learned everything I know from you two and passed that info to my grandkids. Thank you!!!!

  • @OurRichJourney

    @OurRichJourney

    3 ай бұрын

    That’s so awesome!!!! Thank you so much for sharing!!!

  • @karenb9788
    @karenb97883 ай бұрын

    Such a fan of this page. I’ve learned so much 💜

  • @JosiahK555
    @JosiahK5553 ай бұрын

    The number one thing stopping people from building wealth is not paying off debt.

  • @ytgbass172

    @ytgbass172

    3 ай бұрын

    Well said

  • @BarsonlineOrg2013

    @BarsonlineOrg2013

    3 ай бұрын

    It depends.....if you have debt with 2% interest in a period of time where inflation is at 5% and fed rate even more.....then you effectively getting paid by having CHEAP debt now, which you will payback in future with even cheaper inflated dollars back. It depends on the perspective. Capitalism works ONLY on credit, so without debt the system wouldn't work. It would be another system, maybe less corrupt and criminal, but definitely a different one. In the actual setting in US, having cheap debt is almost better then the best investments out there. :)))

  • @BrunissimoArt
    @BrunissimoArt3 ай бұрын

    Christina & Amon - yet another gem! Thank you for all the amazing content you continue to create! Hope you have a great Sunday!

  • @jastarrynite
    @jastarrynite3 ай бұрын

    love your videos!

  • @Cloninginvesting
    @Cloninginvesting3 ай бұрын

    Thank You for Very honest and deep thought process that you learned from your experience. Also I think it is character building process while you are building the compounding engine

  • @L.A.---
    @L.A.---3 ай бұрын

    This was an exceptional video!

  • @6461791
    @64617913 ай бұрын

    Have always luv you guys...Thank You!!!

  • @OurRichJourney

    @OurRichJourney

    3 ай бұрын

    Thank you so much!!!❤️

  • @mzhunter8691
    @mzhunter86913 ай бұрын

    Great video!

  • @carmenchambers
    @carmenchambers3 ай бұрын

    Love you guys 💗. You changed my life 🎉. Thanks

  • @mariviberrios
    @mariviberrios3 ай бұрын

    As always, it's an amazing video!

  • @leodass
    @leodass3 ай бұрын

    So far the best vedio. Thank You

  • @MrTURFMOBMUSIC
    @MrTURFMOBMUSIC3 ай бұрын

    I love his channel!!! always vital jewels being shared.

  • @OurRichJourney

    @OurRichJourney

    3 ай бұрын

    Thank you so much for all the support!!!!

  • @teribond7808
    @teribond78083 ай бұрын

    So helpful! Never thought of using a bit of profits and enjoying the heck out them. Great motivator!

  • @KhaliahAli
    @KhaliahAli3 ай бұрын

    Christina & Amon you all are truly gems in the FIRE space thanks for giving hope! 🥰

  • @willmallory9085
    @willmallory90853 ай бұрын

    Excellent video Team

  • @michaelswami
    @michaelswami3 ай бұрын

    Thanks for sharing this.

  • @OurRichJourney

    @OurRichJourney

    3 ай бұрын

    Thanks for watching!!!!

  • @adam-davidvaught8382
    @adam-davidvaught83823 ай бұрын

    You two continue to inspire me❤❤

  • @kathrynmarrero5263
    @kathrynmarrero52633 ай бұрын

    Love y’all ❤

  • @oscarpatino330
    @oscarpatino3303 ай бұрын

    Nice video thank you so much for the advice and inspiration! It has helped me a ton!🙏🏻🙏🏻👍🏻

  • @tmm4782
    @tmm47823 ай бұрын

    Hi friends, so nice to see you! Can you please prepare a video on how to read corporate dividend payment schedules? I find them so confusing.

  • @paulainocent622
    @paulainocent6223 ай бұрын

    I took an investment class and my mentor told me to check out your channel. It's been a great educational experience. Thanks for shaaring your journey. Following yourr lead.❤

  • @amandagayles8764
    @amandagayles87643 ай бұрын

    I absolutely love this channel!!! Thank you for sharing your experience and knowledge with us.❤

  • @OurRichJourney

    @OurRichJourney

    3 ай бұрын

    Thank you so much Amanda!!!❤️

  • @noreenn6976
    @noreenn69763 ай бұрын

    Great advice!

  • @OurRichJourney

    @OurRichJourney

    3 ай бұрын

    Thank you!

  • @52msdiane
    @52msdiane3 ай бұрын

    Great video!! I am invested in Navidia as well and was contemplating taking profit rt now cuz I sense things may be ready to crash but also its at an all time high.... Thoughts?? Thx! Also what is the best 3 index or funds recommended at Fidelity for 60 yrs old? need growth but stability too! Took your curse on 2020 was outsatnding, wondering if anythings changed....Thank you!!

  • @TheLabossShow
    @TheLabossShow3 ай бұрын

    Another amazing video, living life through your profits. MOTIVATION! enjoy bali !!!!

  • @carlosacta8726
    @carlosacta87263 ай бұрын

    BRAAAAVOOO TO YOU!!! Muitos Parabens!! I so admire your gumption and adventurous spirit! I love Lusitania and can't wait to go back!!

  • @kristieotero1791
    @kristieotero17913 ай бұрын

    Thank you Aman & Kristina! My husband & started our financial literacy after stumbling on your channel 4 years ago & you two have been such a blessing! I’m comfortable & confident with investing & thanks to both of you we have had a significant growth financially! May God continue to bless your wonderful family!

  • @user-kb8mm5wp7l
    @user-kb8mm5wp7lАй бұрын

    Thank you for shedding light on these common investing pitfalls! It's crucial to be aware of potential mistakes to safeguard our financial future. This video serves as a wake-up call to reassess our investment strategies and make informed decisions. Great content!

  • @CharleneCong
    @CharleneCong3 ай бұрын

    One thing I'd add from my own experience is the importance of diversification in investments. It's not just buying some multiple stocks, but spreading your investments across different asset classes like stocks, bonds, and real estate, you can reduce your overall risk and potentially increase your returns. It's a strategy that's served me well, especially during turbulent times in the market. Helpful Content!

  • @moegoggles
    @moegoggles3 ай бұрын

    Could you make a video on deciding how much of a down payment and how much of a mortgage payment to aim for based on income? (The trade off between higher down payment and lower mortgage payment)

  • @dionneking8
    @dionneking83 ай бұрын

    Love u both

  • @OurRichJourney

    @OurRichJourney

    3 ай бұрын

    Aww! You are too sweet Dionne! Thank you!!!!❤️😘❤️

  • @bgintentional
    @bgintentional3 ай бұрын

    Yes!!! Everyone should be ACTIVELY INVESTING! AND HAPPY TO SEE YOU GUYS ONCE AGAIN. ❤

  • @OurRichJourney

    @OurRichJourney

    3 ай бұрын

    Totally agree! And thank you!!!!❤️

  • @askg4563
    @askg45633 ай бұрын

    Awesome video, invest to build your nest. Thank you

  • @veneetbansal8559
    @veneetbansal85593 ай бұрын

    I like the part about it being a lifelong learning tool!

  • @javierciordia7206
    @javierciordia72063 ай бұрын

    Awesome video!!! Have a question for you guys, correct me if I’m wrong but if you enjoy your invested money for buy a car u have to pay taxes for withdrawing that money right?

  • @TiagoRamosVideos
    @TiagoRamosVideos3 ай бұрын

    Great video 🙏 Fun fact: my last video was about the first lie/misconception that you mentioned today 👌

  • @tombkk1322
    @tombkk13223 ай бұрын

    Hi, thanks for the great video. Are you guys still invested in VGT? I invested in VGT 3 years ago but thinking about selling it back into VTSAX. Any thoughts?

  • @silviamelendez9292
    @silviamelendez92923 ай бұрын

    🇮🇳 Enjoy your trip and as usual thank you for sharing and teaching financial literacy ❤

  • @OurRichJourney

    @OurRichJourney

    3 ай бұрын

    Thank you! 😃 We are heading out tonight!!!

  • @geraldinesangil2806
    @geraldinesangil28063 ай бұрын

    I just love listening to the both of you. 😢I hope to meet you guys someday.

  • @corinneogoachuba9243
    @corinneogoachuba92433 ай бұрын

    Hello ORJ, I just got to know about your channel from Facebook and I really appreciate all you're doing to educate your followers on financial literacy. I have a question: Can a foreigner (Nigerian precisely) invest in the U.S. Stock Market? If possible, would you please point me in the direction of any helpful information?

  • @m.arnold717
    @m.arnold7173 ай бұрын

    Do you have advise for retired seniors with fixed incomes? I have some savings and really need help deciding where to invest that is relatively low risk.

  • @residntDoc
    @residntDoc3 ай бұрын

    When you say that you've retired early, are you taking distributions from your taxable account? Living off of dividends?

  • @alvinbundick8871
    @alvinbundick88713 ай бұрын

    Love your videos!! Is reinvesting a good way to grow wealth ?

  • @maryfaber5952
    @maryfaber59523 ай бұрын

    Could you comment on investing in retirement? I live on Social Security-and have a few dollars leftover. Do I have time to build a portfolio? Thanks. M

  • @MightyR1000
    @MightyR10003 ай бұрын

    Studied the terminology of the stock market for 2 years and then jumped in. The greatest decision I made. Did I make some mistakes? Yeah, of course it's part of learning something new. This guy told me on Friday that he has money saved but doesn't know what to buy (in 2020, he lost big on chasing the trend stock). So, I told him to research ETFs and REIT stocks. Most people do not want to put in the work to learn about something that's beneficial to them.

  • @jayocean4724
    @jayocean47243 ай бұрын

    I didn't have the financial literacy in my 20s to understand the importance of a 401k or Roth IRA. I was never taught things like investing but I'm glad I found financial channels that have taught me to be better with money

  • @ilyaw.3081
    @ilyaw.30813 ай бұрын

    How are things going in Lisbon? we need updates

  • @s.b.9304
    @s.b.9304Ай бұрын

    I am 34 and just made my fisrt investement of my life !!! I am so excited !!! Hopefully reaching FI in 12 years at 46 🍀

  • @MichaelCarmichael-rm8bf
    @MichaelCarmichael-rm8bf3 ай бұрын

    I would just like to say THANK YOU! You guys are out here really making a difference in people's lives. Much continued success, God bless. Also, yall need to change your name from " our rich journey ... to this journey is oooon Fire!🔥📛😅🎉

  • @lmpreston1
    @lmpreston13 ай бұрын

    Yep, people ask me to invest their money for them. I am like - this is your money, don't you want to learn how to manage something you work the most hard for?

  • @OurRichJourney

    @OurRichJourney

    3 ай бұрын

    Great response!!!!❤️

  • @frapi5018
    @frapi50183 ай бұрын

    Thank you as always. There’s one point I don’t understand though: why selling some Nvidia when things are going so well? One if the rules is to never sell. Thank you.

  • @OurRichJourney

    @OurRichJourney

    3 ай бұрын

    Thank you! Great question! It was actually very important for us to sell - not just to enjoy the profits but also for rebalancing purposes. ❤️

  • @bg5760
    @bg57603 ай бұрын

    You’ve done many smart, small things that add up👍 Skip Bali, go to the other islands. Won’t give you the other spots here🤔😆. You’ll find them.

  • @OurRichJourney

    @OurRichJourney

    3 ай бұрын

    Thanks for the tips!

  • @ThurstonConsulting
    @ThurstonConsulting3 ай бұрын

    I buy $5 fractional shares using Fidelity.

  • @cliftonhammock1152
    @cliftonhammock11523 ай бұрын

    The first thing to do is not to have money going out such as ANY type of NEGATIVE flow such as LOANS personal Auto Loans....Nip it in the Bud.....This will help in keeping money and developing a habit of managing a positive Flow ......

  • @MeltingRubberZ28
    @MeltingRubberZ283 ай бұрын

    By the time you hear about a good investment, its already too late. Buy/hold broad market index funds and sleep well knowing you're beating 95% of investors over the long haul.

  • @ilibertywomanchildofGod
    @ilibertywomanchildofGod2 ай бұрын

    You're inspiring me to grow my confidence on investing myself sooner than later. I am currently using a very good and trustworthy financial advisor but two years from now (or sooner) I will shift to doing it myself and change my relationship with my advisor into hourly fees or per project fee versus my present agreement with him of 1 percent of my total assets. I chose this strategy at the moment because of the major life transitions I am going through. Once more things get settled down emotionally and mentally, and I have educated myself more in investing, I will manage my own investments. Your video has inspired me to envision this reality a true possibility and has given me so much confidence. God bless you and more power to you. Thank you again for sharing your knowledge with us.

  • @chosenone6124
    @chosenone61243 ай бұрын

    What platform do you recommend for beginner investors??

  • @michaelmarchese3567

    @michaelmarchese3567

    Ай бұрын

    all the broker platforms that arent for professional trading are going to have pretty much the same functionality. i opened my first brokerage account with schwab and no complaints. you can do a little research there may be slight current advantages/disadvantages between brokers based on fees or interest earned on uninvested cash in your account. selecting good assets is really the important thing

  • @OurRichJourney
    @OurRichJourney3 ай бұрын

    📈Looking to learn how to invest? Enroll in our Stock Market Investing Course: www.ourrichjourney.com/investingforfire 🔥Learn more about financial independence and retiring early: Enroll in our F.I.R.E. Master Class: www.ourrichjourney.com/firemasterclass

  • @lashawn369
    @lashawn3693 ай бұрын

    Checking in from the DMV.

  • @OurRichJourney

    @OurRichJourney

    3 ай бұрын

    Hey there LaShawn!!!! Hope You’re having a great weekend!!!

  • @danelledautrievesanford
    @danelledautrievesanford3 ай бұрын

    Hi There 😊

  • @OurRichJourney

    @OurRichJourney

    3 ай бұрын

    Hello Danelle! Hope you’re having a great weekend!😊

  • @katekathy2134
    @katekathy21343 ай бұрын

    Hi, I currently have a 401k through work. What do you mean by enjoying the profits and dividends? I thought if I take money out I would be taxed. If not how do I go about that? Thank you for always sharing these gems with us. I am new to the investing world and lingo in general.

  • @TheFatherO
    @TheFatherO3 ай бұрын

    🔥🔥🔥

  • @OurRichJourney

    @OurRichJourney

    3 ай бұрын

    😀😀😀

  • @BrianJenkins72
    @BrianJenkins723 ай бұрын

    Hi again

  • @OurRichJourney

    @OurRichJourney

    3 ай бұрын

    Hi there Brian!

  • @danelledautrievesanford
    @danelledautrievesanford3 ай бұрын

    Enjoy Bali

  • @OurRichJourney

    @OurRichJourney

    3 ай бұрын

    Thanks Danelle! We’re flying out tonight and it will be our first time there! We’re super excited!!!!❤️

  • @theblackmax
    @theblackmax3 ай бұрын

    I wonder if it's too late to invest buy Nvidia?

  • @imjustadriver2820
    @imjustadriver28203 ай бұрын

    Do I sell my kids index at all time highs or just keep on investing monthly up or down until they’re 25?

  • @luisgracia6050

    @luisgracia6050

    3 ай бұрын

    Keep investing! Get more conservative closer to the time your expected to use the funds but keep buying through thick and thin.

  • @OurRichJourney

    @OurRichJourney

    3 ай бұрын

    It depends on what your goals are. One thing to note, however, is that it’s not possible to predict if the market will keep going higher before it dips. Good discussion about investing to have with your kids! ❤️

  • @billstephens5472
    @billstephens54723 ай бұрын

    Not too late for BTC.

  • @user-lb9ie5sw3i
    @user-lb9ie5sw3i3 ай бұрын

    Hi

  • @OurRichJourney

    @OurRichJourney

    3 ай бұрын

    Hi! Thanks for watching!

  • @user-lb9ie5sw3i

    @user-lb9ie5sw3i

    3 ай бұрын

    I'm in debt making low income. No emergency fund and a budget with more days in months than money. Hugs to myself. I'm going to do better.

  • @mariadesir75
    @mariadesir753 ай бұрын

    Heyyyyyy guys.....

  • @OurRichJourney

    @OurRichJourney

    3 ай бұрын

    Hey there Maria!!!❤️

  • @mrsaoallen1707
    @mrsaoallen17073 ай бұрын

    She looks like a sweety pie and very kind person!

  • @autobotdiva9268
    @autobotdiva92683 ай бұрын

    BOOMERS: invest? invest for what? thats what social security is for. just save for a rainy day. Gen X & on....LMAOOOOOOOO

  • @OurRichJourney

    @OurRichJourney

    3 ай бұрын

    😂😂😂

  • @awquerida7602
    @awquerida76023 ай бұрын

    Did you go through a financial advisor or did the investments on your own?

  • @diannelawrencce8891
    @diannelawrencce88913 ай бұрын

    Is it too late to invest.? I’m in my mid 70’s.💚

  • @wayne9489
    @wayne94893 ай бұрын

    😊

  • @georgethomas2004
    @georgethomas20043 ай бұрын

    Nothing wrong with a high yield savings account. Just saying

  • @erickanyc8907
    @erickanyc89073 ай бұрын

    What is the Market's Projection for 2024?

  • @gregsteven2928
    @gregsteven29283 ай бұрын

    Please Any specific guide. I'm from Australia how do I go about this? I think I'm interested how can I get in touch with mrs Rose Carlos?

  • @PhyschoDaDon
    @PhyschoDaDon3 ай бұрын

    Can y’all make a custodial account video I’m trying to help my mom open an account for my baby brother

  • @AfroSenpai
    @AfroSenpai3 ай бұрын

    Not learning from your mistakes is the biggest mistake

  • @clarissaturcios2346
    @clarissaturcios23463 ай бұрын

    We are going to open custodial accounts for our kids... We never knew they existed until we saw the videos you made with ur daughters

  • @mado8594
    @mado85943 ай бұрын

    Hello beautiful couple

  • @OurRichJourney

    @OurRichJourney

    3 ай бұрын

    Hello 😊❤️🥰

  • @lostluv718
    @lostluv7183 ай бұрын

    Savings accounts these days beat inflation by almost double. Not that investing can't beat that but the idea of losing money just cause you save it is just not facts

  • @JRspeaking
    @JRspeaking3 ай бұрын

    Ok, WHERE were you in that bath tub with the incredible view?!

  • @MTXSHO9732vV8SHO
    @MTXSHO9732vV8SHO3 ай бұрын

    Compound Interest.. It's the 8th Wonder of the World. Those that understand this, EARN COMPOUND INTEREST.. Those that do not understand this, PAY COMPOUND INTEREST -- Albert Einstein (Physicist)

  • @roydaone
    @roydaone3 ай бұрын

    are you guys Sac Kings fans? lol

  • @Yasen1791
    @Yasen17913 ай бұрын

    Are you rich 💰?

  • @Bulislava
    @Bulislava3 ай бұрын

    In 2024,don't set new year financial goals without consulting a financial adviser.there expertise ensure a solid plan for success.Building wealth involves developing good habits like regular putting money away in intervals for solid investments.

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