Signs You’re Doing Well Financially (Even If It Doesn’t Feel Like It)
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- čas přidán 25. 06. 2024
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Here are the signs that you’re doing well financially, even if I doesn’t like it right now.
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Is There a minimum age i need to be?
@@matei522no minimum age, as long as you have a responsible adult who can go with you to Dubai if you win the vacation!
I just want to join the discord and see the finacial tip there, is that okay ?
Thanks!
Love your channel and this video. I started extreme investing about 5 years ago and am working on starting a chemical buisenss (as a chemical/electrical engineer thats my wheel house) and we are 1/3 of a way to being a liquid millionare. All that matters to me is not NEEDED a job to be comfortable, from there I can then start more buisnesses but getting financially secure is key to me, had to many bad jobs and the good ones when you find them always end at some point (lay offs, buy outs, bankruptcys, etc).
My colleagues all call me tight because I've paid my mortgage off and i drive an old banger, but I want to retire by 55 and thats only 6 years away. Great content Mark 👌
I'm 32, and my goal is to retire by 45-50. All my coworkers laugh at me while I put in 70-85hr work weeks.
But the thing is, you have to have some moderation both ways. Its like the mexican fisherman story. The trust fund investor goes to mexico and sees mexican fisherman, he tells him that if does this and that for some years, he might be able to buy more boats, have other people work for you, create a fleet and then sell it for big bucks so he can retire big. The fisherman asks him if that's he is doing and he says yes, he is working all the time so that when he gets older he can be rich and retire. The fisherman asks him what will he do once he retires. The investor tells him that he always wanted to try fishing.
I had this thing where I started doing better and better in my late 20's and that my friends stayed behind. Which made me grow apart and grow into new groups.
I'm happier now, but I sometimes miss the old group.
I mostly started applying to jobs and such that were above my education and experience rates. With a "the worst they can say, is no" additude. And it works.
The thing with these "rich kids" is that they aren't truly happy or fulfilled.. If they were, they wouldn't feel the need to get validation from strangers for showing off materialistic things.
I don't have to look on the prices while grocery shopping except for nuts and salmon, so I guess I belong to the filthy rich now 😉🤣 🤑
If you can buy beef jerky without caring about the price, then you're truly wealthy
Accurate 😂
What the hell is up with salmon there's about 30 to 50,000 that travel up the River Tyne next to mine every year get a cost me almost a tenner for a couple of slices of the cured stuff
Bro this is so true.. i nomally just throw things in the cart as i see fit... but when i roll up in that snack section and see mixed nuts im like woahhh hold up! 😂
Are you bulking??
Big ups to everyone working effortlessly trying to earn a living while building wealth. My wife and I we are both retired with over $2 million in net worth and all paid off debts. living smart and frugal with our money, made it possible for us this early, even till now we earn passively with our asset coach.
Adapt to a lifestyle, be thrifty, set a budget, save money and build more streams.
Excellent choices having a great savings and more streams to earn makes life goal’s easier but our way of life needs better alternative,at the same time, people also need to be more responsible. I know for a fact that there's a lot of people that simply don't make enough, I make roughly hundred plus a year and in California, rent inflation alone eat up almost all of what I make, with dependents and other obligations included, it's easy to end up with zero. however it’s a good time to add to existing asset holdings as follow -on opportunities
Fine steps ma’am, For starters that's actually a great way to keep pushing! Using my asset coach Frost Hilda, has impacted a lot of exposure for me.
I have got he's socials, also part of an audience with Frost Hilda, a huge economical nerd, this method consistently make more interest on my capital.
I bet you got yourself some solid portfolio.
I love your content. What I especially like about this video is: "If you find it hard to do things in moderation..." and what follows. This is advice that not all, but some of us really need. Thank you for that. And I love to see your channel grow!
Hi, thanks for your support, I think comparison is a BiG problem nowadays, you literally have to fight to ignore it. If you can just focus on becoming better of financially in the long run you will have great success. MT 😎
I am so glad you are on CZcams, Mark. You are the sensible voice that all these kids need to hear these days.
Love this video! We should be focused on our North Star instead of comparing ourselves to others. We are all just at different stages. Thanks Mark!
Thank you man for your all those advices.
I have to admit, of all business or money making youtube accounts, yours is the only one that actually makes sense, and that gives proper real advice. Well done🎉
Hi, thanks for your kind words. I’m a bit different from most CZcamsrs in that I’m 56 years old so have actual life experience and also I don’t need to scam any one as I don’t need the money. What you see is what you get. Thanks for your support. MT 😎
I was feeling a little bit down earlier today especially when it came to my bank balance. This video really helped me feel just a bit better! So thank you.
Hi, You're so welcome! Remember your financial freedom is in your hands my friend. MT 😎
Thanks, this is just the video I needed. Good Job
Thank you very helpful
Love your messages, I find them inspiring and honest.
You like this: 35+ years ago an unemployed mate of mine got a low paid job in a sail makers on the south coast (UK) . In just 2 weeks he learned enough to set up on his own. He bought a sewing machine, rented a small workshop and offered repairs to wind surfer sails when they were all the rage. 2 years later he set up a much bigger workshop and began supplying marine covers to owners of Sunseeker motor yachts. he earns a small fortune, lives in an amazing house and owns 7 very valuable classic cars.
No secret sauce in that recipe. Just simply sleeves rolled up hard work, good for him!
Love the way you explain things, it’s clear and easy to understand, which is the best way to learn and follow, as soon as its complicated it goes wrong, I am sure this will really help a lot of young people (and older, never to old to learn for sure, I do every day) thanks Mark
I started my company 18 months ago and I knew it was going to be tough.. but it was so much tougher than I thought. My partner always tells me that I’ve “started this by myself and you’ve made the money by yourself and that’s an achievement” but I honestly feel like a failure because I’m not further ahead… life is wonderful gift, but sometimes I wish I didn’t care about money 😂
I have never had financial issues in my entire life, but not because I'm a millionaire, I just spend my money thoughtfully and save a lot. I like cooking, repairing and buying used stuff.
It might not look like it if you visit my apartment, but I am financially free and quite happy about it
Hi, that’s fantastic my friend but it’s what most people cannot achieve unfortunately. To be financially free is the best position to be in that’s for sure. MT 😎
With used and not used im picky.
Couch? Yes, second hand is fine. Washing machine? No.
@@playingindies6730 I‘d say a couch is more critical than a washing machine but everyone’s different
Brilliant vid Mark. Well edited, to the point and relatable, especially building a ‘experience’ bank account.
Love this guy
Thanks you helped me a lot since I started watching your content
Mark, from your fellow admirer Mark, you always hit the nail on the head. Definitely feeling like a failure compared to this hard money culture. Quality content as always. Thanks mate!
It opened my mind sir❤
This was a gem!!!
Galatians 6:4 Don’t compare yourself with others. Just look at your own work to see if you have done anything to be proud of.
I certainly never had 2.5k saved when I was under 25, did not even have that when I was 35. I'm 42 now and have 190k saved and its growing, so never too late to start succeeding.
Mark you are truly inspiration.I have benn foloving You Sir since few tousand suscribers
God bless you Mark
Thank´s for the video. Unfortunately my two mentors have let me down over the years. That made me to open a business on my own, which was a very good and lucrative idea. Sometimes you just have to believe in yourself and your skills.
Knowing your North Star is a beautiful way to find what YOU want through life indeed!
Great video man..I’ll follow these steps! I have invested in stocks already
Congrats on 2 million🤘
It is very nice video. Thank you very much. 😎
I'm not a Squirrel 😂 I just found your video. I'm so glad I did. Thanks for sharing your knowledge. Hello from Aus 😎 🇦🇺
It's all about gaining career capital spoken about in the book called "So Good They Can't Ignore You"
What a brilliant video! Interesting lot of things you said is echoed by my CEO. He has ADHD and always calls it his superpower! I agree also with you on you need to enjoy yourself also, that's what you work hard for and get out of bed. I've recently started learning to scuba dive and going to cost me a bit but worth it! I'm dyslexic to and I never noticed I did anything different but I'm an adverse mortgage broker and people say I see solutions way quicker then most which is interesting. Brilliant video
Saving cash has largely become a lifestyle for me. Ive kept a well optimized budget for so long, I dont need to monitor my spending anymore. Only time I check in to look the numbers over, is at the end of the month or if Im making a "larger than usual" purchase
What a top bloke you are Mark :)
Hi, thanks for that, good luck to you my friend. MT 😎
I watched your video on compounding investment with index funds. I genuinely sometimes feel I won't reach the first 100,000 quite often and feel I should put the money now on a house deposit but watching your videos does in a weird way keep me motivated. I can't explain it, but I do appreciate the videos!
That's about to get battered for a decade plus
I feel like I'm behind where I should be, but also know that on paper I'm not. My living & fun expenses are around 36% of my net income, I invest 40% of my net income (this includes tax relief on pension deposits so not directly from my cash balances) and the remaining 25% or so i just keep back as savings & buffer to put towards giving and larger purchases such as cars etc. I know I'll retire a millionaire if I keep on track and that keeps me motivated!
So far i have got - Main job (working for company) rental/ stocks and a Pizza delivery company (only just started) i still have to rely on my main job. I want to leave main job and work for myself. Perhaps i will add more side hustles to get to 100k and keep going from there. Your videos are invaluable
How much do you make ish from all that rn?
Scotiabank
Exactly people show they want you to see
Love the advice and agree with it, but a lot of people are seriously struggling to save enough money to buy groceries. Would love to see you do a video where you donate to charity or work at a local food bank. Let's make us all better off!
LMFAO im in mark videos 3:52
Hi Mark, I have a question about the challenge. It will be a mentoring with you? It consist of a community that helps each other?
Mark I have trouble obsessing over every penny cause I'm always thinking what I could use it for to make more money is that a bad thing? Like I won't buy something I want because I want to use that money to make more money. I'm trying to determine if I'm being too aggressive with my thought process.
I needed this Mark as I've compared myself to others for years and I've beat myself up a lot for my financial mistakes. Thank you. Are people so desperate for attention that they show off a fake lifestyle online?
Hi, just don’t get down, refuse to think bad things about yourself. Instead think how can I improve my situation, make a plan and set your North Star 🌟 and go for it. Good luck. MT 😎
@@marktilbury thank you
We need to hear more content like this vs content that shames us for working a 9-5. Thanks Mark!
@@GentleBrawl agreed
Glad this guy came in to soothe some of the sad young souls
Thank you! A much needed episode! (alternate title: building an unseen bank balance 😁)
Crazy how I align with the stats. I’m 36 years old, make a minimum of £133,000 GBP per annum (base salary as my dividend can be anywhere from £0 to £50,000 GBP). Also I just got my first mortgage in August. Crazy.
I tell my friends I made half a million dollars with my career. What I don't tell them is that it took me 9 years and it's just a job
Awesome
It greatly depends on the age you find yourself watching this video. It's the case for all the money advisors out there. There is no one blanket rule that applies to everyone unfortunately.
Hi mark, I have been following you for quite a while now and managed to keep debt free and buy a respectable family house in a nice part of Essex by the age of 25. No inheritance and grew up in a council house on the outskirts of London. My next step is to pay off my mortgage and look to retire before I’m 50. Would you recommend the high risk S&P 500 ETF funds that can return up to 30% per annum or stick to an index fund returning around 10%? I’m nearly 27 and almost feel to old to start hence why I want to opt for a higher risk fund
For number 3 Mark, what do you mean by stop obsessing over money? I have to admit I am rather frugal and don't like spending much of my money because I find it gratifying to save and invest. I think I may obsess over money more than I would like/need to.
Harry
Your being smart with your money, being obsessed is thinking life is about money then once u have it you realise how stupid it was to waste your youth obsessing over it.
The key to building wealth is starting early. A Teenager’s Guide on how to Invest Like Warren Buffett and Charlie Munger is a good resource for those who want to learn more.
i own a homegym, i'm doing gooooood!!
Hi mark, perhaps you’ve done a video on this but if not, what sorts of jobs or ‘things’ would you suggest someone could do on top of their full time job to make some extra cash?
Hi, I have lots of videos on side hustles both traditional and online. I have also done a few side hustle challenges as well to prove there worth, the next video will be a side hustle challenge about print on demand. Good luck my friend. MT 😎
@@marktilbury After having a scroll through your channel I’d seen that you do have these types of videos🤦🏼♂️ I appreciate the response though mark.
I’m 100% debt free. Part was wise spending, some was inheritance to be honest, but no one would know it from how we live. Quiet and comfortable.
It's still very hard not to waste inheritance for common folks, I see many people in my neighborhood inheriting apartments after parents/grandparents, keeping mortgage and buying luxury cars.
Do you have an audiobook?
Question regarding the 50-30-20 rule: are the percentages based upon your gross or net earnings (before or after taxes)?
taking notes for when I get money 😂
Sign1: You have a fridge and he is filled and Runs.
I have been working my ass off past 7 years. Surely i can say that i am doing better than ever, but im still thinking same thing "am i doing enough?". Is there an answer to that or am i just impatient ?
Hi, only you know how hard you’re working and also how much debt you are servicing. If you really want to get ahead you have to sacrifice a decade to build your income, become debt free and invest for your future. Good luck my friend. MT 😎
I made the mistake of buying cars. I really enjoyed it but now I’m 35 with no money and no house.
Hey mark, I’m 14 and trying to make a side hustle do you have any tips or advice and could you review Andrew tates online course,
Thank you
How do I scale up my promotional advitisment business?
People also dont get it takes TIME your not gonna get rich overnight and theres no 30 year old millionaire's, unless you hit the luck.
The next video to level up didn't show up in the top right corner for me.
The problem with me is worse i thingk, because i dont compare. I want what i want and dont care about what others have. Which makes me more then often unrealistic. Maybe i should compare more
Hi, you should only want what you want do you are in track, being swayed by others is mindless. Good luck MT 😎
Your videos are amazing. I really like it. I am a new subscriber to your channel. Can I talk with you Mark?
Hi, welcome, if you join the 2K challenge you could win mentoring, a night out with me and my team or a trip to Dubai. Have a go . MT 😎
@@marktilbury want to talk about your channel.
16 years into my business and make £2.5 million a year and nobody even knows who I am…. Most of us who make this kind of money don’t advertise fake wealth, we are usually tired daily and look 10 years older than we should… it becomes an addiction to get more clients and at a point it’s not about the money anymore
...2.5 million gross revenue or salary...?...congrats either way...
Gold 🪙 and Silver 🥈
The point is that it takes 90% just to live and 10% you can actually save
Hi, actually the point is you need to earn more, if you can’t work with the 50 30 20 rule then you’re not earning enough and you can if you work towards a goal. Good luck MT 🤔
I've accomplished to get a promotion and will earn 90k next year, which puts me into the top 10% here in Germany at age 39. All this while working a cool 40h a week. Still, I'm not content as there are 25 year olds who already make way more money, which is such a stupid thing to think. Never before have I experienced this strongly and quite frankly this helplessly how warped my perception of my wealth is.
A lot of those 25 year olds aren't actually rich - they're selling scam courses and renting lambos for the videos to make it look like they're wealthy so their targets buy in. You have a fantastic income in the top 10% of earners - that's a brilliant feat and a great jumping off point to build long term wealth!
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
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 alot of wealth transfer in this downtime if you know where to look.
Im a frugal shopper i buy quality products that last a long time and invest in assets that build wealth over time no recession has ever effected me and nobody knows about my finances im the millionaire next doors 🤑
Quick reminder for everyone, Mark's son is not a self-made millionaire, he had 1 business and it failed.
A quick search of companies house will show you that both of his businesses are doing great. Tilbury Multi-Media Ltd for example turns over more than 7-figures per year :) MT
you know its hard getting rich in Germany with all those taxes and laws I have to know and its almost impossible to even get a status of a "rich young guy" in Germany. its really demotivating when you see such success in the US and UK while in Germany it feels like there is little to almost no chance of getting "rich"
Same in Slovakia, you just have to adapt expectations to local standards. It sucks but you have to take into account the state retirement system, at least partially even though you may not get any once you reach that age. The state here takes too much from you.
I dunno when I watch these videos it just further cements the long walk short pier analogy
I wonder if the UK avg is skewed by self employed paying themselves min. wage?
...in the US at least the law requires the self employed to pay themselves a "reasonable salary"...paying yourself minimum wage to avoid SE tax will likely get you audited...
Could well be. It's legal to do so in the UK. Although IR35 rules have probably reduced the number of self employed that do so.
Some young people do have a real recipe - wealthy parents.
26 years of age and first time hearing about an investment ISA been missing out 😂
Well it's brilliant to be learning about it at 26 rather than 56. And because you're so young you can go for the riskier portfolios if saving for the long term. For example I use Vanguard LifeStrategy 80% at the age of 33 but you could prob do 100%. I'd also suggest saving into a LISA if you're planning to buy a house as you get 25% govt bonus for the deposit - basically like a 25% guaranteed return on your investment.
CZcams millionaire 🤮
*2 dollar paycheck* 🔥
Where is the percent for taxes? I pay 20% just for taxes.
"a side hustle"!?
On top of your very busy job (jobs, even!)...?
When do you find the time to even have a life then?
I know I am even my income is low, bcos I got zero debt no card, self control, and no stupid kid to waste my money on. I'll get hook ups for now then when my age bracket women r menopause then I'll get married
A lot of the you tubers flaunting their lambos etc etc are scammers, selling "training courses" . They aren't rich, it's all smoke and mirrors. Be careful out there.
100%. They're all rented. It's really sad.
Best quote I ever heard “success is like being pregnant everyone says congratulations but no one knows how many time you got fu$&ed”
😂😂😂😂😂
That's the grandpa conman, Dan Pena. He made that quote.
Tax man call cop fugitive eye ball fire truck wants leverage
Dollar up kids are broke make 17 percent house loyal catch king horse feel nothing losss
“ it took me 10 years of hard work to become a millionaire” was NOT the right way to start his video off. Lots of us that have put in 10 years of hard work are lucky to even break 6 figures net worth…
100 000 50 000
Princess pea them have leave city
I'd be happier if you moved that wurlitzer away from the dartboard!
Social media has average at best young ladies expecting a normal guy making 6 figures or more.
35k = 2218 net
37.5k = 2371 net
40k = 2523 net
52k = 3153 net
75k= 4297 net
96k = 5359 net
Annual salary vs net pay in GBP.
All your taxes goes to a useless health service. people on benefits. And drug abusers
Actually spend on NHS is way less per person than other countries like USA, France, Germany. 40% of universal credit claimants are actually in work, but aren't paid enough - so in fact the tax money also goes towards subsidising companies who don't pay a fair wage.
Does your son a CZcams channel showing how he is making money?
Hi, my son currently is the front man on the podcast, Strike it Big and also will be part of the 2kchallenge.com sign up and see what you could win. MT 😎