Why Your Net Worth Explodes At $100K

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About this episode:
Did you know that if you’re putting your money in the right places, your net worth will explode (in a good way) once it reaches $100K? Find out the reason for the fireworks and what you can do to take advantage of it in today’s video.
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Пікірлер: 1 100

  • @ItPhenn
    @ItPhenn4 күн бұрын

    I started investing in stocks at 18, grew portfolio to $600k by 33. Recently, lost over 30% and want to mitigate risks. Also, planning to buy a home soon and want portfolio to grow. What should I do?

  • @ApBurger3532

    @ApBurger3532

    4 күн бұрын

    Dont think here is the place for personalized investment guidance. However, I suggest consulting with a reliable advisor to ensure appropriate investment planning.

  • @thelooseseal

    @thelooseseal

    4 күн бұрын

    True. I’ve been investing in the stock market for 11 years now, last 5 years with the help of a financial advisor. Through this period of advisory support alone, I've been fortunate enough to achieve a 10x return compared to my previous efforts as a DIY investor, summing up nearly $1m roi as of today. My best so far.

  • @Lewyn298

    @Lewyn298

    4 күн бұрын

    Impressive! I admit I'm scared about retirement as I turn 60 on my next birthday. I need to ensure I have enough money to survive on. How can I consult your advisor? My retirement account isn't performing well.

  • @thelooseseal

    @thelooseseal

    4 күн бұрын

    Kristin Amber Landis is the licensed advisor I use. Just research the name. You’d find necessary details to work with to set up an appointment.

  • @Lewyn298

    @Lewyn298

    4 күн бұрын

    Thanks for sharing. I curiously searched for her full name and her website popped up immediately. I looked through her credentials and did my due diligence before contacting her.

  • @dianarabbanii2
    @dianarabbanii24 сағат бұрын

    It's a common misconception that when a stock you buy skyrockets, the smart thing to do is sell it (or at least sell some of it) to lock in your profits. But the context matters. If the stock has increased sharply because the business is performing exceptionally well, it could still be a bargain. I'm still looking for companies to make additions to my $350K portfolio, to boost performance. Here for ideas..

  • @KangMinsu122

    @KangMinsu122

    4 сағат бұрын

    I think the next big thing will be A.I. For enduring growth akin to META, it's vital to avoid impulsive decisions driven by short-term fluctuations. Prioritize patience and a long-term perspective consider financial advisory for informed buying and selling decisions.

  • @NatalieFormor

    @NatalieFormor

    4 сағат бұрын

    A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.

  • @MathiasLaurel

    @MathiasLaurel

    4 сағат 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

  • @NatalieFormor

    @NatalieFormor

    4 сағат бұрын

    Elisse Laparche Ewing is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..

  • @scottjuarez9549

    @scottjuarez9549

    4 сағат бұрын

    Thanks a lot for this suggestion. I needed this myself, I looked her up, and I have sent her an email. I hope she gets back to me soon.

  • @alicedeng9103
    @alicedeng91034 сағат бұрын

    I get all this.. but how should you invest AS a beginner? I’d have $8,000 willingly to put down, What is a good way to start?

  • @karolinakukielka7690

    @karolinakukielka7690

    4 сағат бұрын

    You need a pro or very goodTrader. Someone like Stephany Reuben

  • @zeezacolefyyp

    @zeezacolefyyp

    4 сағат бұрын

    Steph excels at capitalizing on economic shifts and I have confidence in her trades

  • @taranpy2528

    @taranpy2528

    4 сағат бұрын

    Almost gave up trading due to constant losses, but Steph turned my luck around

  • @taranpy2528

    @taranpy2528

    4 сағат бұрын

    Now they yield about $17000 monthly

  • @alicedeng9103

    @alicedeng9103

    4 сағат бұрын

    any idea on how i can get ahold of her?

  • @kurtKking
    @kurtKking18 сағат бұрын

    Loved every second of my watch to the very end. You are a great teacher. I’m 56 and own a business with $680K in savings. But I'd still love to grow my investments ahead of retirement. Do you mentor others? Really need some guidance to financial freedom.

  • @MickyGlover

    @MickyGlover

    18 сағат бұрын

    Just buy BITCOIN and hold. Or gold, or find quality stocks that have long term potential, and ride with those stocks. But advisably, just seek counsel from a market strategist.

  • @Jamesjerome0

    @Jamesjerome0

    18 сағат бұрын

    Agreed, this is why i now work with one. I’ve been investing by myself in the market for 11 years now, but the last 6 years is with the help of a financial planner. Throughout the 6 years of guidance alone, I've been fortunate enough to 10x my return as a DIY investor, summing up nearly $1.4m roi as of today.

  • @AmithKaury

    @AmithKaury

    18 сағат бұрын

    Please who guides you on the process of it all?

  • @Jamesjerome0

    @Jamesjerome0

    18 сағат бұрын

    She's known as a 'MICHELE KATHERINE SINGH'. One of the finest portfolio managers in the field also widely recognized. Just research the name. You’d find necessary details to work with and set up an appointment.

  • @AmithKaury

    @AmithKaury

    18 сағат бұрын

    Thank you for sharing. I just scheduled a phone call with her. She seems proficient considering her résumé.

  • @trazzpalmer3199
    @trazzpalmer31993 күн бұрын

    I just sold a property in Portland and I'm thinking to put the cash in stocks, I know everyone is saying its ripe enough, but Is this a good time to buy stocks? How long until a full recovery? How are other people in the same market raking in over $450k gains within months, I'm really just confused at this point.

  • @AshlelThomas

    @AshlelThomas

    3 күн бұрын

    The current state of the market may bring opportunities to increase profits quickly, but professional assistance is required in order to put such a plan into action.

  • @RobertBrown..

    @RobertBrown..

    3 күн бұрын

    A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.

  • @SarahTaylor_

    @SarahTaylor_

    3 күн бұрын

    Recently, I've been exploring advisors, but the market news I've come across hasn't been uplifting. Who's providing guidance for you?

  • @RobertBrown..

    @RobertBrown..

    3 күн бұрын

    KENNA MURIEL HESSELING is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

  • @ChristopherDavies_

    @ChristopherDavies_

    3 күн бұрын

    I searched for her complete name on the internet and located her page. I then sent an email and scheduled a meeting to converse with her; now, I'm awaiting her response.

  • @Dunker762
    @Dunker7625 сағат бұрын

    Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got to talking about investment and money. I started investing with $150k and in the first 2 months, my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and get more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family.

  • @Lourd-Bab

    @Lourd-Bab

    5 сағат бұрын

    Hi. I’ve been forced to find additional sources of income as I got retrenched. I barely have time to continue trading and watch my investments since I had my second child. Do you think I should take a break for a while from the market and focus on other things or return whenever I have free time or is it a continuous process? Thanks

  • @Dunker762

    @Dunker762

    5 сағат бұрын

    @@Lourd-Bab However, if you do not have access to a professional like JUDITH ANN PEACE, quitting your job to focus on trading may not be the best approach. It is important to consider all options and seek guidance from reliable sources before making any major decisions. Consulting with an AI or using automated trading systems can also be helpful in managing investments while balancing other commitments

  • @Lourd-Bab

    @Lourd-Bab

    5 сағат бұрын

    @@Dunker762 Oh please I’d love that. Thanks!

  • @Dunker762

    @Dunker762

    5 сағат бұрын

    @@Lourd-Bab Judith Ann peace is her name

  • @Dunker762

    @Dunker762

    5 сағат бұрын

    Lookup with her name on the webpage.

  • @lucasanderson8993
    @lucasanderson89933 күн бұрын

    Recently, I've been pondering retirement. I've also invested $800K on S&P 500 so i could secure my financial future. i need an approach to invest in Coin that will align with my risk tolerance and financial goals

  • @alicegomez7232

    @alicegomez7232

    3 күн бұрын

    While the market is promising, expert guidance is essential for effective portfolio management.

  • @mesutserim1595

    @mesutserim1595

    3 күн бұрын

    Opting for an inves-tment advisr is currently the optimal approach for navigating the market, particularly for those nearing retirement. I've been consulting with a coach for a while, and my portfolio has surged by 85% since 2022

  • @stevensmiddlemass2072

    @stevensmiddlemass2072

    3 күн бұрын

    I'd love to work with the same advisor you invested with. How do i align with the person?

  • @mesutserim1595

    @mesutserim1595

    3 күн бұрын

    She goes by ‘’Lauren Marie Ehlers'’.... I suggest you look her up. To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did.

  • @stevensmiddlemass2072

    @stevensmiddlemass2072

    3 күн бұрын

    Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her

  • @leonadams1053
    @leonadams1053Ай бұрын

    Awesome, George! You just told the story of my life. At 26 I had ZERO $ to my name. I flipped the switch at 27. Just passed 2 mil in my 50’s. Compound interest is indeed a wonder!

  • @Lexusupra

    @Lexusupra

    Ай бұрын

    Where did you invest or where should I begin?

  • @leonadams1053

    @leonadams1053

    Ай бұрын

    @@Lexusupra nearly all indexed funds through my work 401-k’s and an individual Vanguard account set up online. Individual stocks are too risky for me

  • @getinthespace7715

    @getinthespace7715

    Ай бұрын

    @Lexusupra , if your income is less than $161k single, $240k married open a Roth IRA. Max it out. If you are unsure what to invest in. S&P 500 index fund is a safe bet. (Warren Buffet famously challenged any hedge fund manager to beat the S&P 500 in a bet, and won.) Then start learning about mutual funds etc. After the Roth IRA a traditional tax differed retirement account is the next best option. Again, in that retirement fund you can invest in an S&P 500 index with low fees, (less than 0.04%) If you max out both, then open a regular brokerage account. Again, not bad to toss money in an S&P500 index until you lean more about investing. Just starting is 90% of the battle.

  • @ilovenoodles7483

    @ilovenoodles7483

    Ай бұрын

    ​@@leonadams1053- how much were you making at the time and did you have monthly bills?

  • @Goodmorning592

    @Goodmorning592

    Ай бұрын

    proud of you!

  • @aureliobjm
    @aureliobjm26 күн бұрын

    This is very true. At 37, I recalled how difficult it had been before I reached the $100k milestone. It didn't take me long to reach my goal of having over $2.8 million in my retirement savings alone at the age of 56 after subsequent shares. I would have more today if I started sooner. If you're not sure where to seek, start by speaking with an experienced strategist. Best of luck

  • @georgeh.5126

    @georgeh.5126

    26 күн бұрын

    Thanks for sharing this. I am on the same path man

  • @josephbush

    @josephbush

    26 күн бұрын

    I deal with an investment advisor for this reason. I currently have over $800k invested in a diversified portfolio that has grown exponentially and is suitable for all market seasons under guidance. Our current project for this year is a more concrete ballpark target this year.

  • @MarvishaN

    @MarvishaN

    26 күн бұрын

    @josephbush I could really use the expertise of this advsors, I’ve been down a ton, I’m only holding on so I can recoup.

  • @MarvishaN

    @MarvishaN

    26 күн бұрын

    Hey I know this pretty lady. Used to share an office block with her, small world right? lol Thanks a lot for sharing.

  • @jeryza

    @jeryza

    25 күн бұрын

    Scam comments 😢

  • @chris-pj7rk
    @chris-pj7rk25 күн бұрын

    Just reached 21.000 after 1 year of savings and now 3 months of steadily investing in ETF. Can't wait to reach 100k. Zero debt , zero credit card ever. Piano teacher

  • @alexyoung3126

    @alexyoung3126

    25 күн бұрын

    First hit $100k in early 2020, that covid dip really hurt at the time. 4 years later that dip is barely noticeable on the long term chart and we are well over $300k with increased contributions in recent years. Keep grinding out there! ABB - Always Be Buying!!

  • @jameswood9772

    @jameswood9772

    25 күн бұрын

    I deal with an investment advisor for this reason. I currently have over $70k invested in a diversified portfolio that has grown exponentially and is suitable for all market seasons under guidance. Our current project for this year is a more concrete ballpark target this year.

  • @johnlennon232

    @johnlennon232

    25 күн бұрын

    hello James, How can one find a verifiable financial planner? I would not mind looking up the professional that helped you. I will be retiring in two years and I might need some management on my much larger portfolio. Don't want to take any chances.

  • @jameswood9772

    @jameswood9772

    25 күн бұрын

    My CFA ’Rachel Sarah Parrish’ , 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

  • @johnlennon232

    @johnlennon232

    25 күн бұрын

    Thank you for this Pointer. It was easy to find her handler, She seems very proficient and flexible. I booked a call session with her.

  • @Wendytsang12
    @Wendytsang1212 күн бұрын

    Net worth truly snowballs after $100k! Keep investing regularly and you'll be blown away how much it can change in a few short years. Here's to $1 million and to FIRE!

  • @thelooseseal

    @thelooseseal

    12 күн бұрын

    My advice to everyone is this : if you want to grow big this year especially in your finances. Be willing to make investments. Saving is great but investing puts you on a pedestal where you wouldnt have to worry about savings as you do now. Thanks to my FA, my portolio is doing really great and im proud of the decisions i made last year.

  • @Lewyn298

    @Lewyn298

    12 күн бұрын

    Nice. People often underestimate financial advisors' importance. Over 50 years of data reveal that those who work with advisors typically earn more than those who go it alone. I've been fortunate to work with one for 13 years, resulting in a $1 million portfolio, largely from early investments in AI and other growth stocks.

  • @TylerofSc004

    @TylerofSc004

    12 күн бұрын

    I've been considering but haven't been proactive. Can you recommend your advisor? Could really use some assistance.

  • @Lewyn298

    @Lewyn298

    12 күн бұрын

    Kristin Amber Landis is the licensed advisor I use. Just research the name. You’d find necessary details to work with to set up an appointment.

  • @TylerofSc004

    @TylerofSc004

    12 күн бұрын

    I looked up her name online and found her page. I emailed and made an appointment to talk with her. Thanks for the tip

  • @brianwhitehawker1756
    @brianwhitehawker175625 күн бұрын

    Market highs can sometimes be followed by corrections, but predicting the timing and extent of it is challenging. I've heard some analysts talk about a 'massive' correction. It makes me wonder if it's time to adjust my $2M portfolios or maybe even consider some defensive investments.

  • @BerryRyan-gl3sm

    @BerryRyan-gl3sm

    25 күн бұрын

    Consider diversifying your portfolio with a mix of stocks and stable assets. Seeking professional advice now could provide valuable insights and strategies to navigate market uncertainties and protect your investments.

  • @yeslahykcim

    @yeslahykcim

    25 күн бұрын

    Accurate asset allocation is crucial, and some individuals use hedging strategies or allocate part of their portfOlio to defensive assets for market downturns. Expert guidance is vital for achieving this. This approach has helped me stay finan-cially secure for over five years, yielding nearly $1 million in returns on invest-ments.

  • @Jadechurch-ql3do

    @Jadechurch-ql3do

    25 күн бұрын

    impressive gains! how can I get your advisor please, if you dont mind me asking? I could really use a help as of now

  • @yeslahykcim

    @yeslahykcim

    25 күн бұрын

    Laila artine kassardjian' is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment

  • @lucaswilliams9992

    @lucaswilliams9992

    25 күн бұрын

    Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her.

  • @livingunashamed4869
    @livingunashamed4869Ай бұрын

    That first 100k is brutal.

  • @frederickvalencia4976

    @frederickvalencia4976

    Ай бұрын

    The 1st 10 dollars too 😂

  • @Omar_Zazzle

    @Omar_Zazzle

    Ай бұрын

    @@frederickvalencia4976 Especially if you have a minimum wage or a bit higher job. Putting over $700.00 a month away is impossible when you can't even afford rent.

  • @tylersanders2388

    @tylersanders2388

    Ай бұрын

    The first 100k for most people is just their starter home equity plus maybe $30k in savings. Building the savings muscles is hard at first, but maintaining the muscles is easy.

  • @livingunashamed4869

    @livingunashamed4869

    Ай бұрын

    @@tylersanders2388 We're talking pure investments bro, a house is a liability and people need to focus on investment portfolio amount.

  • @joshmonus

    @joshmonus

    Ай бұрын

    ​​@@tylersanders2388 George is talking about 100k cash, not equity. Albeit, the video title is wrong if you are a homeowner.

  • @dawsondanny990
    @dawsondanny99026 күн бұрын

    The first hundred thousand is so hard to get

  • @rannyorton

    @rannyorton

    26 күн бұрын

    I lost mine through my investment even since i don't have a full-time job; instead, I'm self-employed with a variety of sources of income. Regardless of how much money I generate each month, I maintain the same budget and adhere to my means-tested lifestyle.

  • @smithlenn

    @smithlenn

    26 күн бұрын

    This seems like the worst period.Even the markets are very unpredictable.started investing recently when the market prices were a bit high,today i am more than 60% down

  • @latanyaconlontl5849

    @latanyaconlontl5849

    26 күн бұрын

    The best course of action if you lack market knowledge is to ask a consultant or invest-ing co-ach for guidance or assistance. Speaking with a consultant helped me stay afloat in the market and grow my port-folio to about 65% since January, even though I know it sounds obvious or generic. I believe that is the most effective way to enter the business at the moment.

  • @smithlenn

    @smithlenn

    26 күн бұрын

    Fantastic! Can you share more details?

  • @latanyaconlontl5849

    @latanyaconlontl5849

    26 күн бұрын

    was guided tho..Julia Hope Marble. walked me through the ropes majestically i'ts my ultimate pleasure.

  • @CatherineBates-bg4fc
    @CatherineBates-bg4fc13 күн бұрын

    I feel investors should be focusing on under-the-radar stocks, and considering the current rollercoaster nature of the stock market, Because 35% of my $270k portfolio comprises of plummeting stocks which were once revered and i don't know where to go here out of devastation.

  • @RebeccaSheer

    @RebeccaSheer

    12 күн бұрын

    I think the next big thing will be A.I. For enduring growth akin to META, it's vital to avoid impulsive decisions driven by short-term fluctuations. Prioritize patience and a long-term perspective most importantly consider financial advisory for informed buying and selling decisions.

  • @JaneGallagher-ur9jp

    @JaneGallagher-ur9jp

    12 күн бұрын

    A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.

  • @EmilyConor-wo5jj

    @EmilyConor-wo5jj

    12 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

  • @JaneGallagher-ur9jp

    @JaneGallagher-ur9jp

    12 күн бұрын

    Viviana Marisa Coelho is her name. She is regarded as a genius in her area and works for Empower Financial Services. By looking her up online, you can quickly verify her level of experience. She is well knowledgeable about financial markets.

  • @NatalieFormor

    @NatalieFormor

    12 күн бұрын

    Thank you for the lead. I searched her up, and I have sent her a message. I hope she gets back to me soon.

  • @williamyejun8508
    @williamyejun850810 күн бұрын

    Success depends on the actions or steps you take to achieve it. Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Financial management is a crucial topic that most tend to shy away from, and ends up haunting them in the near future.., I pray that anyone who reads this will be successful in life

  • @alexyoung3126

    @alexyoung3126

    10 күн бұрын

    Starting early is simply the best way of getting ahead to build wealth , investing remains a priority . I learnt from my last year's experience , I am able to build a suitable life because I invested early ahead this time .

  • @bobbymainz1160

    @bobbymainz1160

    10 күн бұрын

    I am fortunate I made productive decisions that changed my finances through my financiaI planner. Got my house in Feb, and hoping to retire soon.

  • @austingraff1881

    @austingraff1881

    10 күн бұрын

    Please who is the consultant that assist you and if you don't mind, how do I get in touch with them?

  • @bobbymainz1160

    @bobbymainz1160

    10 күн бұрын

    'Rachel Sarah Parrish' is her name. She is regarded as a genius in her area. She’s quite known in her field, look-her up.

  • @austingraff1881

    @austingraff1881

    10 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..

  • @AlisonStone-yc9ri
    @AlisonStone-yc9ri25 күн бұрын

    Agreed that many people are considering NVDA as the "Stock of the year." However, I'm curious about which stocks could potentially become the next META in terms of growth over the next decade. I've allocated $200k for investment, aiming to retire comfortably.

  • @LizzieMcG_bahdi3

    @LizzieMcG_bahdi3

    24 күн бұрын

    I think the next big thing will be A.I. For enduring growth akin to META, it's vital to avoid impulsive decisions driven by short-term fluctuations. Prioritize patience and a long-term perspective most importantly consider financial advisory for informed buying and selling decisions.

  • @SamanthaCole-yq4ov

    @SamanthaCole-yq4ov

    24 күн бұрын

    A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k

  • @KatieBrookes-ob2qs

    @KatieBrookes-ob2qs

    24 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

  • @SamanthaCole-yq4ov

    @SamanthaCole-yq4ov

    24 күн бұрын

    Viviana Marisa Coelho is her name. She is regarded as a genius in her area and works for Empower Financial Services. By looking her up online, you can quickly verify her level of experience. She is well knowledgeable about financial market

  • @scottjuarez9549

    @scottjuarez9549

    24 күн бұрын

    Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her

  • @emmitscully7364
    @emmitscully7364Ай бұрын

    Just hit 100k! What a good feeling.

  • @reginaldphillips7615

    @reginaldphillips7615

    Ай бұрын

    Proud of you

  • @user-yu4cv8pj5s

    @user-yu4cv8pj5s

    Ай бұрын

    Thats awesome dude howd u do it

  • @briank3754

    @briank3754

    Ай бұрын

    It is!

  • @ohmy...9007

    @ohmy...9007

    Ай бұрын

    Congrats!

  • @raymond_rnt

    @raymond_rnt

    Ай бұрын

    want a gold star, cupcake?

  • @KarenLavia
    @KarenLavia27 күн бұрын

    In these uncertain times, it's more important than ever to have a solid understanding of how to manage your finances, invest wisely and navigate economic downturns. But my primary concern is how to grow my reserve of $240k which has been sitting duck since forever with zero to no gains, sure I'm all in on the long term game, but with my savings are lying waste to inflation and my portfolio losing gains everyday, I need a remedy.

  • @Hectorkante

    @Hectorkante

    27 күн бұрын

    If you need advice, consider speaking with a financial advisor. Don't get me wrong, you can do it on your own, but financial advisors have a lot more knowledge and expertise in this area.

  • @bernadofelix

    @bernadofelix

    27 күн бұрын

    you are completely right, Advisors have information and paths that are not disclosed to the public.. I profited £560k in 2022 under the tutelage of my Fiduciary-counselor. Am I selling? Absolutely not.. I am going to sit back and observe how this all plays out.

  • @SandraDave.

    @SandraDave.

    27 күн бұрын

    That's impressive! I could really use the expertise of this manager for my dwindling portfolio. Who’s the professional guiding you?

  • @bernadofelix

    @bernadofelix

    27 күн бұрын

    My CFA ’Melissa Terri Swayne’ , 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.

  • @HectorWhitney

    @HectorWhitney

    27 күн бұрын

    I checked Melissa up out of curiosity and i must say i am impressed by her Credentials. i emailed her already, waiting on her response.

  • @Robertgriffinne
    @Robertgriffinne10 күн бұрын

    Understanding personal finances and investing will most likely lead to greater financial independence. By being knowledgeable about money and investing, individuals can make informed decisions about how to save, spend, and invest their money. A trader made over $350k in this recession influenced market

  • @Alejandracamacho357

    @Alejandracamacho357

    10 күн бұрын

    Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k just in a matter of weeks/couple months, so I think there are a lot of wealth transfer in this downtime if you know where to look.

  • @Christine-ce4xo

    @Christine-ce4xo

    10 күн бұрын

    The best course of action if you lack market knowledge is to ask a consultant or investing coach for guidance or assistance. Speaking with a consultant helped me stay afloat in the market and grow my portfolio to about 65% since January, even though I know it sounds obvious or generic. I believe that is the most effective way to enter the business at the moment.

  • @Natalieneptune469

    @Natalieneptune469

    10 күн бұрын

    One of my goals is to employ the service of one this year. I've seen some off LinkedIn but wasn't able to get a response. Could you recommend who it is you work with?

  • @Christine-ce4xo

    @Christine-ce4xo

    10 күн бұрын

    Linda Aretha Reeves is the licensed advisor I use. Just research the name. You’d find necessary details to work with to set up an appointment

  • @Natalieneptune469

    @Natalieneptune469

    10 күн бұрын

    I just checked her out and I have sent her an email. I hope she gets back to me soon. I really want to attain financial Freedom

  • @Adambarking
    @Adambarking14 күн бұрын

    As a soon-to-be retiree, keeping my 401k on track after a bumpy 2022 is a high goal. I've read about investors generating up to $250k ROI in this present sinking market; any suggestions for increasing my ROI before retirement would be greatly appreciated.

  • @Benedictrud

    @Benedictrud

    14 күн бұрын

    Yes, you are right. it's been a brisk tailwind for investors in US stocks over the decades but it is still a delicate season now, so I advise you to consider the guidance of a financial advisor.

  • @GaryNicka

    @GaryNicka

    14 күн бұрын

    A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.

  • @donovantobs

    @donovantobs

    14 күн бұрын

    Please can you leave the info of your lnvestment advsor here? I’m in dire need for one.

  • @GaryNicka

    @GaryNicka

    14 күн бұрын

    She's known as a 'MICHELE KATHERINE SINGH'. One of the finest portfolio managers in the field also widely recognized. Just research the name. You’d find necessary details to work with and set up an appointment.

  • @donovantobs

    @donovantobs

    14 күн бұрын

    Thank you for sharing. I just scheduled a phone call with her. She seems proficient considering her résumé.

  • @clintscott3300
    @clintscott3300Ай бұрын

    Wife and I are 33 with about 800k in investments, excluding home equity and rainy day funds. I've always strived to stay on top of my finances.

  • @clintscott3300

    @clintscott3300

    Ай бұрын

    ...hoping that being disciplined in my 20s would allow me/us to have more breathing room in our 40s+ but it gets hectic, should we get a partner?

  • @clintscott3300

    @clintscott3300

    Ай бұрын

    I do hope to help educate younger people on finances after I leave my corporate 9-5.

  • @_davidturner

    @_davidturner

    Ай бұрын

    My wife and i (mid 30s) just did our net worth calculation and were astonished to find out that combined we're net worth millionaires, with ~450k in retirement/investments. Years of driving 20+ year old cars with multiple shades of paint (or as i called it, "custom" paint jobs) and knocking out $170k in student loans literally paid off. To people going through the struggle, take it step by (non trademark) baby step. You'll get through it. Its worth it.

  • @RyanBen-zc7bi

    @RyanBen-zc7bi

    Ай бұрын

    I'm 42 with $997k in my 401k. I started working full time right out of high school. I'm still with the same company. I've been in their 401k plan since I was 18. I contribute 10% and get a 4.75% company match. My f/a who isn’t very traditional taught me that compound interest is you best friend. The sooner you start, the better off you are. I didn’t feel the need to mention the roi on brokerage account used under guidance of Monica but surely get a partner.

  • @clintscott3300

    @clintscott3300

    Ай бұрын

    Who is this person you work with ? Monica ? Can I get a phone number?

  • @johnfrederick2944
    @johnfrederick294419 күн бұрын

    Successful people don't become that way overnight. What most people see as wealth, a great career, purpose is the result of hard work 🤑🤑

  • @reganobukohwo5185

    @reganobukohwo5185

    19 күн бұрын

    Same, I met Mrs Maria Davis last year for the first time at a conference in Manchester, after then my family changed for good. God bless Mrs Maria

  • @TeresaBill

    @TeresaBill

    19 күн бұрын

    So you guys know her too?... Wow she made my husband and I have our own house and car. She is good! 👌

  • @AhmedRobert-ph7pt

    @AhmedRobert-ph7pt

    19 күн бұрын

    Yes she works with people all over the world, she's the best you can ever come across.

  • @Deepisusanti

    @Deepisusanti

    19 күн бұрын

    Tradeqq with her and remember to share your success story with others just like | did🥰

  • @danieltaylor--65
    @danieltaylor--6518 күн бұрын

    I find myself rueful for neglecting stock investments until now, yet I'm appreciative of retaining funds in the money market. With approximately $200k set to mature shortly, I'm considering delving into the stock market. What stocks would be prudent for a newcomer like me to securely nurture my finances?

  • @Emmahernandez.

    @Emmahernandez.

    18 күн бұрын

    The present market conditions could offer chances to enhance earnings quickly, yet to implement such a plan, expertise is essential.

  • @JenniferDavis7630

    @JenniferDavis7630

    18 күн бұрын

    Undeniably factual. Despite my absence of prior investing acumen, I ventured into investments pre-pandemic and managed to amass a profit of about $450k within that year. Essentially, I solely relied on professional counsel.

  • @Jamesrogues60

    @Jamesrogues60

    18 күн бұрын

    Recently, I've been exploring advisors, but the market news I've come across hasn't been uplifting. Who's providing guidance for you?

  • @JenniferDavis7630

    @JenniferDavis7630

    18 күн бұрын

    'Laurelyn Gross Pohlmeier' is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

  • @Angelinacortez495

    @Angelinacortez495

    18 күн бұрын

    I searched for her complete name on the internet and located her page. I then sent an email and scheduled a meeting to converse with her; now, I'm awaiting her response.

  • @clarabrown9920
    @clarabrown99208 күн бұрын

    You work for 40yrs to have $1m in your retirement, Meanwhile some people are putting just $10k in a meme coin for just few months and now they are multi millionaires. I pray that anyone who reads this will be successful in life

  • @MorganEmma-cg6ur

    @MorganEmma-cg6ur

    8 күн бұрын

    Trading in Bitcoin now is the wisest thing to do now especially beginner....

  • @henrymark1379

    @henrymark1379

    8 күн бұрын

    Most people think, investing in crypto is all about buying coins and leaving it to rise, come on it takes much analysis to be a successful crypto trader.

  • @clarabrown9920

    @clarabrown9920

    8 күн бұрын

    Trading without professional guide...Huh I laugh you, because you will remain where you are or even make huge losses that will stop you from trading, this has been one of the biggest problem to new traders

  • @Victoria12902

    @Victoria12902

    8 күн бұрын

    Honestly I really need help learning to trade. Seeing my portfolio low makes me very sad.

  • @samuelroddy5382

    @samuelroddy5382

    8 күн бұрын

    You're right! I have lost a lot trading all by myself without a guide. It's been an uneasy ride for me. Who is your mentor please. how can i reach her i really need help in this bear market now?

  • @mateosantiago5795
    @mateosantiago579515 күн бұрын

    Recently bought some recommended stocks and now they are just penny stocks. There seems to be more negative portfolios in the last 3rd half of 2023 with markets tumbling, soaring inflation, and banks going out of business. My concern is how can the rapid interest-rate hike be of favor to a value investor, or is it better avoiding stocks for a while?

  • @rebeccamoore8366

    @rebeccamoore8366

    15 күн бұрын

    Just "buy the dip" man. In the long term it will payoff. High interest rates usually mean lower stock prices, however investors should be cautious of the bull run, its best you connect with a well-qualified adviser to meet your growth goals and avoid blunder

  • @josephhughes9583

    @josephhughes9583

    15 күн бұрын

    The truth is that this is really not as difficult as many people presume it to be. It requires a certain level of diligence, no doubt, which is something ordinary investors lack, and so a financial advisor often comes in very handy. My friend just pulled in more than $84k last month alone from his investment with his advisor. That is how people are able to make such huge profits in the market

  • @charliehunnam5187

    @charliehunnam5187

    15 күн бұрын

    nice! once you hit a big milestone, the next comes easier.. who is your advisor please, if you don't mind me asking?

  • @josephhughes9583

    @josephhughes9583

    15 күн бұрын

    She's Sophia Elaine. One of the finest portfolio managers in the field.

  • @josephhughes9583

    @josephhughes9583

    15 күн бұрын

    she's mostly on Telegrams, using the verified user name.

  • @TheJackCain-84
    @TheJackCain-8417 күн бұрын

    These are very valuable info for anybody who wants to get rich. Unfortunately, most people who will watch this video will not really be able to apply the principles. We may not want to admit, but as Warren Buffett once said, investing is like any other profession-- it requires a certain level of expertise. No surprise that some people are losing a lot of money in the bear market, while others are making hundreds of thousands in profit. I just don't know how they do it. I have about $109k now to put in the market.

  • @LindaHaire

    @LindaHaire

    17 күн бұрын

    Understanding personal finances and investing will most likely lead to greater financial independence. By being knowledgeable about money and investing, individuals can make informed decisions about how to save, spend, and invest their money. I know someone who made over $350k in this recession influenced market, but to the best of my knowledge, it was through a financial advisor.

  • @martingiavarini

    @martingiavarini

    17 күн бұрын

    You are right! I’ve diversified my 350K portfolio across various market with the aid of an investment coach, I have been able to generate a little bit above $730k in net profit across high dividend yield stocks, ETF and bonds.

  • @Jamessmith-12

    @Jamessmith-12

    17 күн бұрын

    Impressive can you share more info?

  • @martingiavarini

    @martingiavarini

    17 күн бұрын

    Credits to 'Carol Vivian Constable' she has a web presence, so you can simply

  • @Jamessmith-12

    @Jamessmith-12

    17 күн бұрын

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

  • @MikeNapoli1989
    @MikeNapoli1989Ай бұрын

    He’s right. Once you hit that 100k, hold it in a good S&P 500,index fund. It’s gonna grow. Just be patient. It’s a marathon

  • @thunderb00m

    @thunderb00m

    Ай бұрын

    No way, i have 200k and still feel poor AF

  • @douglassmith9445

    @douglassmith9445

    Ай бұрын

    @@thunderb00mexactly how i feel too. 200k feels like the new 100k with inflation and the fact that the “100k” saying has existed for decades.

  • @cody5596

    @cody5596

    Ай бұрын

    This is true, although it’s closer to $250k now to have the same saying still apply when adjusting for inflation.

  • @kckuc310

    @kckuc310

    Ай бұрын

    Exactly

  • @BigJohnM

    @BigJohnM

    Ай бұрын

    If you have 200k in investments and still feel poor, you are not really poor. You are entitled and your expectations are way too high. First world problems!

  • @Derik-fk2bu
    @Derik-fk2bu24 күн бұрын

    Buffett & Munger are beyond amazing. wealth is attainable.

  • @AmeliaOlivia-nf1fp

    @AmeliaOlivia-nf1fp

    24 күн бұрын

    Thanks for your efforts. My friends are going to invest part of their savings into quality stocks under the guidance of some sincere advisors Mr Sam .D. If we have to become prosperous investment in stock market is a must for each one of us. Please continue doing your best. Regards.

  • @Derik-fk2bu

    @Derik-fk2bu

    24 күн бұрын

    He's TE LEG RAM...

  • @Derik-fk2bu

    @Derik-fk2bu

    24 күн бұрын

    @samdeymon53....that's it = 4 advise.

  • @aleksandrakacper9010

    @aleksandrakacper9010

    24 күн бұрын

    Mr SAM DEYMON /Courses It’s an opportunity to learn a lot of concepts relating to Stock Market, Mutual Funds, F&O etc. in a systematic, simple and fun-filled manner!

  • @aleksandrakacper9010

    @aleksandrakacper9010

    24 күн бұрын

    Mr Sam is really good

  • @benroland3652
    @benroland365224 күн бұрын

    I will be forever grateful to you, you changed my whole life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Victoria Taylor

  • @erikacristina9567

    @erikacristina9567

    24 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 be super.

  • @Joelgarcia47

    @Joelgarcia47

    24 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.

  • @anitalawrence2668

    @anitalawrence2668

    24 күн бұрын

    Really you people know her? I was even thinking that I'm the only one she has helped walk through the fears and falls of trading.

  • @Stanley594

    @Stanley594

    24 күн бұрын

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

  • @benroland3652

    @benroland3652

    24 күн бұрын

    SHE'S MOSTLY ON TELEGRAMS, USING THE USERNAME

  • @emoney9931
    @emoney9931Ай бұрын

    I've tracked my net worth for 3 years now. Went from $339k to $423k to $565k. So in a time that we earned $315k, our net worth went up $226k. Hope to hit $1 million by 2027!

  • @smileygeni

    @smileygeni

    Ай бұрын

    In theory, your NW will double every 7 years or so.

  • @kathrynp7595

    @kathrynp7595

    Ай бұрын

    That’s awesome 👍🏼

  • @emoney9931

    @emoney9931

    Ай бұрын

    @@smileygeni If you don't add to it, yes. I'm adding $64k a year into investments, plus some additional cash and paying down the mortgage.

  • @Andychangftw
    @AndychangftwАй бұрын

    Best explanation of why the first $100K matters, keep up the great work George!

  • @thunderb00m

    @thunderb00m

    Ай бұрын

    It doesn't, its just a number, you never heard anyone saying first 50k 2 decades ago. But thats essentially what today's 100k is worth.

  • @BigJohnM

    @BigJohnM

    Ай бұрын

    It does matter. I kid you not... Once you get 100k you will lay down in bed at night and think, you are gaining real money, right now, doing nothing. The more you have? The sweeter the gains. If you told me this 10 years ago, would not have believed it either.

  • @MrJumpingmaniac
    @MrJumpingmaniacАй бұрын

    I'm 30 with a net worth of about 400k. About 138k of that is investments, including retirement. We've been doing this long enough that about half of the 138k is interest we've earned.

  • @pete5691

    @pete5691

    Ай бұрын

    You are doing it right!

  • @TheSp3cial0ne

    @TheSp3cial0ne

    Ай бұрын

    You're crushing it. I'm at about half that at 31 and I feel like I'm doing decent

  • @benfontenot9896

    @benfontenot9896

    Ай бұрын

    @@TheSp3cial0ne Nice job guys! I'm 30 and 150k in debt lol. But I am about to switch jobs. I have a poli sci degree, MBA, and accounting degree. I am a school teacher making about 50k and I just got offered full time accountant job for 65k with some promised raises. I'm almost out of credit card debt and will start working on auto loans next.

  • @getinthespace7715

    @getinthespace7715

    Ай бұрын

    Nice. Keep at it. You'll be an everyday millionaire in no time. We hit $300k invested this year (I'm 40) also looking to pay off my wife's nursing school this year. Then we can save like crazy.

  • @aboutwhat1930

    @aboutwhat1930

    Ай бұрын

    Fantastic job. I'm 33, still playing catchup. Only about $200K networth (50% taxable brokerage, 35% retirement, 10% cash, & 5% my car), like 10-12% is actually from its growth. My car's depreciation took away a couple percent. My savings rate has been solid but the growth on the market really hasn't been great.

  • @philipgrombliniak5651
    @philipgrombliniak565128 күн бұрын

    I'm favoured, Getting my own Truck has always been my Dream for my business. I just acquired 2 recently, earning $32K weekly has been really helpful. I can now give back to the locals in my community and also support Charity Organizations. I really appreciate your videos

  • @anglebarboza5829

    @anglebarboza5829

    28 күн бұрын

    As a beginner what do I need to do? How can I invest, on which platform? If you know any please share.

  • @jordangeorge403

    @jordangeorge403

    28 күн бұрын

    I'd really like to get into crypto Investing. I have about $145k set aside, but I don't know anything about this market. Would you please provide the best approach to make money as well as a trustworthy resource for advice? Your help would be greatly appreciated.

  • @billboyer9524

    @billboyer9524

    28 күн бұрын

    The very first time we tried, we invested $1000 and after a week, we received $7500. That really helps us a lot to pay up our bills.

  • @aishahumaira2870

    @aishahumaira2870

    28 күн бұрын

    Still regret that I sold my bitcoin early last year, even after my colleague insisted we shouldn't. Please Is Bitcoin still a safe buy to outperform the market this year? I still kept my money in the money market and with over $120k maturing soon, I plan investing well in it. Here for ideas

  • @scottreagan9796

    @scottreagan9796

    28 күн бұрын

    As a beginner investor, it's essential for you to have a mentor to keep you accountable. Myself, I'm guided by Deborah Davis. A widely known crypto consultant

  • @TheStoicNurse
    @TheStoicNurseАй бұрын

    So many bots trying to scam in every financial youtubers chat. It's mind blowing.

  • @BlakouttheMM

    @BlakouttheMM

    11 күн бұрын

    I must have reported 50 on this video alone. They have got to find a way to crack down on this AI stuff, it's overwhelming the internet with spam.

  • @Simon-vo7gi
    @Simon-vo7giАй бұрын

    To make it simpler, use the rule of 72. divide 72/. This tells you how many years it takes to double your money at a set return.

  • @maryrenaud6732

    @maryrenaud6732

    Ай бұрын

    Or to double your debt…if you don’t pay it down…

  • @jimv77
    @jimv77Ай бұрын

    Once you get old and have a lot invested and your net worth goes up (and down) $500,000+ a year is still insane and hard to accept as a regular person who was not rich before.

  • @Yensen2020
    @Yensen2020Ай бұрын

    Intro was amazing 😂😂😂. Something about the bald eagle and explosions mixed with investing and waiting patiently, caught me pretty funny. The gen z in my office would say something like that was fire, no cap, or that really slaps, or bops. Anyway well done. And finished your book that was also well done! Adequate level of snark and info. 😂😊

  • @marwanalsaydali4270
    @marwanalsaydali4270Ай бұрын

    Apreciate your work, George🙏🏻

  • @mhodge0890
    @mhodge0890Ай бұрын

    I’m 33 just got out of debt and just hit 100k in investments. I might be behind compared to my peers but I’m happy and satisfied to be debt free and only focus on investing

  • @cody5596

    @cody5596

    Ай бұрын

    That’s not behind at all. You may be slightly lagging people who watch financial videos for fun but you’re WAY ahead of the vast majority of people.

  • @mhodge0890

    @mhodge0890

    Ай бұрын

    @cody5596 Thank you bro I really appreciate it

  • @vonzaag4555

    @vonzaag4555

    12 күн бұрын

    lol. I’ve googled how much the average/median amount people have for retirement, by age, and you’re definitely ahead.

  • @christopherboeve
    @christopherboeveАй бұрын

    Your videos are always super fun, hilarious and educational. Keep up the great work!

  • @sydneyhorne1633
    @sydneyhorne1633Ай бұрын

    The ‘BUT WAIT! THERES MORE’ like a late 90s comercial had me dying 😂

  • @billaroundtheglobe

    @billaroundtheglobe

    Ай бұрын

    Funny story - I interviewed a guy that owns a winery in Temecula, California. It was lavish. I finally asked him - with all due respect, how did you get the money to build this place? He laughed and said from working in infomercials. I said - you acted in infomercials? He said no - I came up with and trademarked the phrase: "But wait... there's more!"

  • @sydneyhorne1633

    @sydneyhorne1633

    Ай бұрын

    @@billaroundtheglobePlease, please tell me that he has a line called ‘But wait.. there’s merlot’ 😂

  • @timopraxis
    @timopraxisАй бұрын

    Another excellent video, George. Hope to see you at 250k subscribers soon!

  • @noreenn6976
    @noreenn6976Ай бұрын

    Love your sense of humor George!

  • @KPad87
    @KPad87Ай бұрын

    I just hit 300k this year and it really does take off . Been invested for 17 years .

  • @larryronhartfield55
    @larryronhartfield5526 күн бұрын

    The first 100k seems to be so hard for some because you're basically still setting up a foundation for your portfolio to stand on and then the latter comes easier since now you're familiar with diversity ,where to place your funds. I made my first million from going diverse, mainly blue chip stocks. high value etfs, S&P500 and coins ..with the help of my F.A Anna Rounds Fay handling my portfolio it's been a year of steady growth.

  • @LanceyRoche

    @LanceyRoche

    26 күн бұрын

    Smart, I must commend you because etfs will keep making you solid profits through compounding while the other stocks pays monthly although advantageous you must've started big

  • @katelynrenesse4798

    @katelynrenesse4798

    26 күн бұрын

    Nice, you're a good guy for taking your time to properly explain this, i reached out to your FA also through her web and her responses were articulated. I'm more confident working with her now

  • @harrisahmed3066

    @harrisahmed3066

    26 күн бұрын

    invest in stable stocks, my rule: if you previously liked the stock, then you should love it at a discounted price.

  • @victoriaaldrin

    @victoriaaldrin

    26 күн бұрын

    I need to work very hard and i also think i need to work with this IA you talked. about because i haven't hit the 100k mark at all. I haven't even scratched the surface yet lol

  • @JasonFerreira
    @JasonFerreiraАй бұрын

    You had me at “Ben Franklin spitting bars” 😂

  • @superjock28
    @superjock28Ай бұрын

    Can confirm. My wife and i net worth was 67k april 2020. Just hit 550k this week

  • @Lexusupra

    @Lexusupra

    Ай бұрын

    Where did you invest? I’m just trying to learn where or how do I begin so I can start the journey of compound interest. I am 24 and have saved some money, I just do not know clearly where everyone seems to know to put their money. It just says S&P 500 but I don’t understand what that means

  • @markdavis2316

    @markdavis2316

    Ай бұрын

    ​@@Lexusuprafirst you need to open a brokerage account, then look up s&p 500 index funds and exchange traded funds or ETFs. S&p 500 index fund is where I would start and just buy some weekly.

  • @tonycrabtree3416

    @tonycrabtree3416

    Ай бұрын

    😂 April 2020.

  • @superjock28

    @superjock28

    Ай бұрын

    @tonycrabtree3416 yeah I track my NW every month

  • @superjock28

    @superjock28

    Ай бұрын

    @Lexusupra I max 401k with fxaix (fidelity 500 index, closest to S&P 500) for both me and my wife. I bought 2 houses, bought bitcoin but sold it at 70k. Park all cash outside 5k in checking in 5% CDs. 350ish is in investment, 200k in home equity

  • @amanda.c.ice.
    @amanda.c.ice.Ай бұрын

    Such an informative video! Thanks as always George!

  • @ronr.9203
    @ronr.92032 күн бұрын

    Thanks George, great info and very reassuring 👍

  • @getinthespace7715
    @getinthespace7715Ай бұрын

    Helps that by the time you get to $100k your income is usually higher too. Helping save faster and faster. When we hit $100k invested we were at $60k household income. That first $100k took us over 10 years. At $200k invested were hitting $130k income. Took 5 more years. This year we hit $300k invested and our income increased to $240k. We are going to save hard after hitting debt free this year. Planning to save $100k a year, push towards that first million. Lets do this.

  • @aaronmoore6549
    @aaronmoore6549Ай бұрын

    This is the absolute BEST intro EVER!!!

  • @CAROTA251270
    @CAROTA251270Ай бұрын

    You blew my mind. Wow . Thanks great video!!

  • @300zxturbo
    @300zxturboАй бұрын

    Okay, I hit 100k a few years ago and I'm still waiting for my net worth to explode. Hitting 100k doesn't magically make things easier people. It's just as hard making the second 100k as it was the first.

  • @donaldlyons17

    @donaldlyons17

    Ай бұрын

    You would think so.... but thanks for the info.... KZreadrs are only worried about making their next 100K and not their audience anyway IMO!!

  • @liam1902

    @liam1902

    Ай бұрын

    The title in this video is pretty misleading cause your net worth doesn't really "explode" after making your first $100k. The time it takes to reach your next $100k increments just becomes shorter compared to the first and then when you're somewhere around $500k-$600k, it becomes easier to get the next $100k due to compound interest (assuming 7-10% annual rate of return) on top of your savings.

  • @iansony4787

    @iansony4787

    Ай бұрын

    Some KZreadrs just drive me crazy

  • @300zxturbo

    @300zxturbo

    Ай бұрын

    @@liam1902 Yeah, the compounding interest definitely helps, but it's not nearly as quick as some of these youtubers are making it out to be. It still takes years.

  • @liam1902

    @liam1902

    Ай бұрын

    @@300zxturbo yeah, you would need to keep contributing and have everything invested for your money to be able to compound quicker. It would still take many many years to finally reach $1m esp if you're unable to contribute that much.

  • @joshuaphillips1081
    @joshuaphillips1081Ай бұрын

    @1:15 the George Kamel/Epic Rap Battles of History crossover we've ALL been waiting for

  • @thingsmen
    @thingsmenАй бұрын

    Great wealth of knowledge in just 10 minutes. Just enough information to make one dangerous, but in a positive life changing way.

  • @klopad57
    @klopad57Ай бұрын

    First hit $100k in early 2020, that covid dip really hurt at the time. 4 years later that dip is barely noticeable on the long term chart and we are well over $300k with increased contributions in recent years. Keep grinding out there! ABB - Always Be Buying!!

  • @oneznzeroz
    @oneznzerozАй бұрын

    Compound interest is amazing. I had about $370k in my 401k just last Thanksgiving...I hit $460k early this month. I'm currently working on being debt free where I can invest half of my income.

  • @MrJtupica
    @MrJtupicaАй бұрын

    The first 100K took forever, the second happened overnight

  • @stewdogg42
    @stewdogg42Ай бұрын

    Oh my gosh George that intro was fantastic. Love it!

  • @rosedewittbukater5763
    @rosedewittbukater576313 күн бұрын

    Currently on baby step 3 and over halfway toward saving for our 3-6 month emergency fund. ... and also a trip to NYC🤗🤗

  • @victorblas3483
    @victorblas3483Ай бұрын

    34 here and at 250k in my 401k, crazy how it goes up and down daily. Mine just went down 5k in three days, but im sure it'll bounce back!

  • @ericar.6370

    @ericar.6370

    Ай бұрын

    Why do you check it daily? 😂😅

  • @victorblas3483

    @victorblas3483

    Ай бұрын

    @@ericar.6370 just for fun lol

  • @lberhold
    @lberholdАй бұрын

    That 2006 LG is still the coolest phone.

  • @Allancaldow
    @AllancaldowАй бұрын

    Love this..we are all in on doing this..2 months to go and debt free..

  • @jenniferbussiere2529
    @jenniferbussiere2529Ай бұрын

    You're spot on. We're at 300k. It's growing at 10% and we're only putting in 18k/yr. It's shocking! And yes that first 100k is the slowest.

  • @DailyNews-rs5qs
    @DailyNews-rs5qsАй бұрын

    Everyone making this video ! Nice !

  • @User-pu3lc
    @User-pu3lcАй бұрын

    Damn where can I get a consistent 10% return on investment? The compounding interest phenomenon is undoubtedly true, but I’d suggest anyone actually modeling compounding interest to use 7% to account for big swings in the stock market and extend timelines accordingly.

  • @TheSnappyo

    @TheSnappyo

    Ай бұрын

    The 10% number is based off decades of historical data on the S&P 500. It’s not going to be every year you get 10%. Some years it might be 20% and some it might be 3%. It’s primarily used for long term investing to predict your returns, like a few decades of holding. When it’s all said and done it’ll be around 10-12% per year on average.

  • @drumyogi9281

    @drumyogi9281

    6 күн бұрын

    @@TheSnappyoThere are events in the real world that reflect those numbers. The growth of the US Empire and its economic influence on a global scale. It is still a gamble on what those returns will be in the future. I am invested in the stock market but I still have a Plan B if we have significant issues as a nation, like a break up or higher taxes on capital gains.

  • @freedomring3022
    @freedomring3022Ай бұрын

    I'm more impressed that George has a Journey album in the background

  • @beng3345
    @beng3345Ай бұрын

    This is true. I have $4.2M at 33 and I got my first $100k at around 21. I never stopped investing. I really only had one great buy that I still hold, but most of it was just slow and steady.

  • @mariadelosangelesruizmarti1508
    @mariadelosangelesruizmarti1508Ай бұрын

    What side are you on as Blcktken300 divides the wealthy from the poor?

  • @meve531
    @meve531Ай бұрын

    That intro though>>>😅😂🤯🦅🎆🧨🔥

  • @tcgtpl

    @tcgtpl

    Ай бұрын

    He needed to add one or two “Listen Here, Brother” in his best Hulk Hogan impression to bump it up another level. 😂

  • @bcusaaus4749
    @bcusaaus4749Ай бұрын

    💯 %. I tell my friends who can’t imagine saving 100k to start with 100( shocking that’s hard for some) then , increase by adding a 0 once achieved. It softens the goal but mentally more achievable.

  • @danielgiordano3238
    @danielgiordano3238Ай бұрын

    $100k net worth is very different from $100k cash in an investment account. This is especially apparent for those in Baby step 3b, saving for a down payment. Fully funded emergency funds and down payment savings can hit that $100k number but that doesn’t mean they can take advantage of compound interest. (Big fan of the show. Keep it up George).

  • @morningmona
    @morningmonaАй бұрын

    But where are you parking the cash to earn that compound interest? Into high yield? 401k? Mutual funds/etf? Regular contributions to where? Does 401k count as investment?

  • @TheSnappyo

    @TheSnappyo

    Ай бұрын

    Invest the contributions into an index fund that tracks the S&P 500 or even a target date retirement fund, you’ll get similar returns but it does all the asset allocations (diversification) for you. Closer to retirement, your investments will look a little different than just one index fund, but it’s just an example. The 401k is just an account it all sits in. When he says “compound interest” he doesn’t mean the normal interest you’d get from a bank at a static 4% or something. It means the index fund/investment price going up over time and reinvesting dividends. The market is generally always going to go up so investments bought a long time ago have had a longer time to increase in value and be worth way more than what you bought them for originally. That’s why it’s important to make consistent contributions over a long period of time for, in this case, retirement.

  • @TheSnappyo

    @TheSnappyo

    Ай бұрын

    To answer your specific questions: The cash is not “parked” anywhere. It’s invested into something like an index fund within the 401k or IRA (individual retirement account), an account you can set up with any normal brokerage for retirement. A high yield savings should really only be for an emergency fund or preplanning future purchases since the access to cash is easily available and not tied up in a stock that has to be sold. The 401k is an account provided by your employer where you save for retirement, it is not an investment itself. You have to do the investing inside of it. I’d suggest watching a video about the differences between mutual funds/index funds/etfs. It’s kinda wordy but the principle is investing the cash into one of these funds because of the low fees. Make regular contributions to whatever retirement account is for you (401k or IRA) and invest the money into something as mentioned above. I hope this clears things up. Seemed like there was some confusion surrounding all the terminology.

  • @austinbar
    @austinbar2 күн бұрын

    Nice content! Few years back I was assistant to a wealthy pen artist and within the short period I worked with him I observed that he had quite a chunk of investment everywhere, stocks, crypto, dividend investing to name a few, so he had revenues coming in from all angles. And in a year his worth doubled. With this I learned that the rich stay rich by investing.

  • @rogerwheelers4322

    @rogerwheelers4322

    2 күн бұрын

    Effective personal finance management is more important than the amount of money saved, regardless of whether income is earned through job or investment. Individuals can seek counsel from a certified financial advisor to optimize financial outcomes, who can provide specialized advice and methods to decrease expenses and maximize income.

  • @joshbarney114

    @joshbarney114

    2 күн бұрын

    I agree, that's the more reason I prefer my day to day investment decisions being guided by an advisor, seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using my advisor for over 2years+ and I've netted over 2.8million.

  • @FabioOdelega876

    @FabioOdelega876

    2 күн бұрын

    I appreciate the implementation of ideas and strategies that result to unmeasurable progress. Being heavily liquid, I'd rather not reinvent the wheel, thus the search for a reputable advisor, mind sharing info of this person guiding you please?

  • @joshbarney114

    @joshbarney114

    2 күн бұрын

    Finding financial advisors like Marisa Breton Dollard who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.

  • @FabioOdelega876

    @FabioOdelega876

    2 күн бұрын

    Marisa has the appearance of being a great authority in her profession. I looked her up online and found her website, which I reviewed and went through to learn more about her credentials, academic background, and employment. She has a fiduciary duty to protect my best interests. I sent her an email outlining my objectives and also booked a session with her; thanks for sharing.

  • @MrJuliansnow
    @MrJuliansnowАй бұрын

    George, do you have a "what should your net worth be at 50?" I'm 47 now, and believe I'm doing well from starting early with Financial Peace University in 2003 ~ 2004, but would like to see a video for your target ideas. I could find your videos for a 30 or 40 year old, but didn't see the series continue. Thanks.

  • @johnconner8437
    @johnconner8437Ай бұрын

    Thanks George. I agree with below comments 1st Hundred Thousand is BRUTALITY

  • @jasonjstdr
    @jasonjstdrАй бұрын

    Compound interest or compound returns?

  • @TolarRay
    @TolarRayАй бұрын

    The eagle sound effect go crazy

  • @maycoltreminio9914
    @maycoltreminio991428 күн бұрын

    Only issue here is you haven't taken fees/charges, and 10 percent average return is hard to consistently hit every year. But very good advice overall.

  • @rmep3534
    @rmep3534Күн бұрын

    I totally agree to this. Im an immigrant and made 300k in net worth for 4 years. It’s a rough road. No debt, live simply and Im plannjng to reach a million in 4 years.

  • @mayalucia-
    @mayalucia-12 күн бұрын

    )My spouse and I are adding a variety of stocks/ETF to my present holdings for the long term, We've set aside $250k to start following inflation-indexed bonds and stocks of companies with solid cash flows, I believe it is a good time to capitalize on the market for long-term gains, but it wouldn't hurt to know means of actualizing short term profit.

  • @Alejandrolucia-s

    @Alejandrolucia-s

    12 күн бұрын

    Find quality stocks that have long term potential, and ride with those stocks. I have found it takes someone who is very familiar with the market to make such good picks.

  • @SofiaDiego-

    @SofiaDiego-

    12 күн бұрын

    This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800,000

  • @Mariagreta-gv9le

    @Mariagreta-gv9le

    12 күн бұрын

    How can one find a verifiable financial planner? I would not mind looking up the professional that helped you. I will be retiring in two years and I might need some management on my much larger portfolio. Don't want to take any chances.

  • @SofiaDiego-

    @SofiaDiego-

    12 күн бұрын

    Svetlana Sarkisian Chowdhury is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..

  • @Adrianaluca-um6ny

    @Adrianaluca-um6ny

    12 күн бұрын

    Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.

  • @BrianDavis.m
    @BrianDavis.m28 күн бұрын

    I realized that the secret to making a million is saving for a better investment. I always tell myself you don't need that new Maserati or that vacation just yet. That mindset helped me make more money investing. For example last year I invested 80k in stocks and made about $246k, but guess what? I put it all back and traded again and now I am rounding up close to a million.

  • @JedMorganJedMorgan

    @JedMorganJedMorgan

    28 күн бұрын

    Thanks for continuing updates I'd rather trade the stock market as it's more profitable. I make an average of $34,500 per week even though I barely trade myself.

  • @JedMorganJedMorgan

    @JedMorganJedMorgan

    28 күн бұрын

    I'm favoured financially, Thank you Jesus $32,000 weekly profit regardless of how bad it gets on the economy

  • @Sheilavalos

    @Sheilavalos

    28 күн бұрын

    How ..? Am a newbie in crypto investment, please can you guide me through on how you made profit?

  • @BrianDavis.m

    @BrianDavis.m

    28 күн бұрын

    Thanks to Patricia V Vesely.

  • @BrianDavis.m

    @BrianDavis.m

    28 күн бұрын

    She's a licensed broker here in the states

  • @joliechabot7489
    @joliechabot748927 күн бұрын

    This is one of my favorite videos so far! Very inspiring!!!!!! Perpetual baby step 3-er here 😢😂

  • @lonsmithicus
    @lonsmithicus27 күн бұрын

    Thanks for showing me get 2nd place in the 2017 Footbag World Championships - Circle Contest Finals. That is me in the blue cap. Lon Skyler Smith Footbag World Champion.

  • @adolfogarcia9149
    @adolfogarcia9149Ай бұрын

    Blcktken300 anticipation is building to a fever pitch! 😥

  • @FOmar151
    @FOmar151Ай бұрын

    ERBoH reference in 2024. Love to see it.

  • @bartbelt
    @bartbeltАй бұрын

    I'm investing on a monthly base in index-funds, but the funds don't pay divident. It seems to me that the shares can go up in value, but I get a linear growth instead of a exponential growth. Am I right and, if so, What is the best way to get exponential growth?

  • @onlycreamofthecrop
    @onlycreamofthecropАй бұрын

    I hit $1 million net worth right before 40. Did that financially all on my own. A few years later that has already grown to $1.4M Followed Dave’s baby steps as a framework

  • @EricMoore790
    @EricMoore790Ай бұрын

    Mine goes up 20 bucks here and there.

  • @TShirtAndReeboks

    @TShirtAndReeboks

    Ай бұрын

    2023 had a lot of growth.

  • @camdenschwartz4926
    @camdenschwartz4926Ай бұрын

    Trying to pay off student loans is wrecking my net worth!

  • @tonycrabtree3416

    @tonycrabtree3416

    Ай бұрын

    It’s building net worth.

  • @cody5596

    @cody5596

    Ай бұрын

    That’s not how net worth works. Assets - liabilities = net worth. You’re reducing your liabilities so your net worth is increasing.

  • @tyson1357
    @tyson1357Ай бұрын

    Thoroughly enjoy George’s content

  • @danh2716
    @danh2716Ай бұрын

    Yep, always amazing to reflect on the fact that it will likely take you longer to save that first $100K than it will to get that second million.

  • @tom5083
    @tom5083Ай бұрын

    Where can I find that compound interest calculator?

  • @jasonw8497

    @jasonw8497

    Ай бұрын

    Google " investment calculator "

  • @republicunited2183

    @republicunited2183

    Ай бұрын

    Dave Ramsey website. Tools.

  • @laundrygoddess4

    @laundrygoddess4

    Ай бұрын

    Google it. Every bank and investment house has one.

  • @plasmaarmelund
    @plasmaarmelundАй бұрын

    I'm 49. Net worth is at 1,950,000. Got divorced 3 years ago and lost 65% of my assets due to equitable distribution as dictated by today's family law. Have been rebuilding ever since.

  • @davidjones4130

    @davidjones4130

    Ай бұрын

    Shoulda liquidated before the divorce and spent it on wallmart gift cards

  • @plasmaarmelund

    @plasmaarmelund

    Ай бұрын

    @@davidjones4130 Nah, the judge would have penalized me for that. Better not to do those things as you'll pay a big price later on.

  • @Logical.Psychopath

    @Logical.Psychopath

    Ай бұрын

    As they say, a marriage contract is the biggest financial decision of your life. I trust no one. I am the one who manipulates, not the other way around. If I ever decide to marry, let me tell you, there will be no document or contract that will steal from my net worth if someone "feels like it". You should have learned from the mistakes of others. The worst possible thing to do is to sign a contract with a 55% failure on average gambling 65% of your net worth. I am extremely curious, why did you do that? Seems something so illogical to do, how do you decide to sign that?

  • @plasmaarmelund

    @plasmaarmelund

    Ай бұрын

    @@Logical.Psychopath I was young and dumb. But I learned my lesson and I have unplugged from the matrix now. Never again!

  • @Logical.Psychopath

    @Logical.Psychopath

    Ай бұрын

    @@plasmaarmelund I am 20 now. Never will I do something like that. Good thing that you came back on your feet.

  • @Malko_pile
    @Malko_pileАй бұрын

    This was really good. Specially the compounding growth explanation. Because I always wandered where the interest comes from if you’re investing in the stock market. After all it’s not a savings account, it’s just buying things. This finally made things click for me 😮

  • @joeriveracomedy
    @joeriveracomedyАй бұрын

    Circunstance led to mine but I was saving & investing prior. I was already on the path.

  • @bayside833
    @bayside833Ай бұрын

    Speaking of sponsors, thank you for letting us use the discount code for that program. Delete me. I signed up for that and I had my information on so many sites that are getting deleted now. Thanks to that company!!! Thanks for the recommendation 👏

  • @JJJobson
    @JJJobsonАй бұрын

    Bigger drops as well 😂

  • @austinbailey5322
    @austinbailey5322Ай бұрын

    I trust the process but not sure where to invest my money to earn 10% compounding interest, highest I’ve seen is 4.25. Where should I invest?