How To Become A Millionaire On Average Income (STEP BY STEP GUIDE) | Anthony ONeal
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- Äas pĆidĂĄn 10. 07. 2022
- Here's the truth about millionaires: They don't all make $100,000 per year. In fact, a lot of them work regular jobs, but they manage their money well. In today's video, I'm sharing how YOU can build wealth with a low income and the millionaire habits that will get you there.
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Who I AM:
Hey, fam! Iâm Anthony. Iâm fired up about meeting you where you are in a real, relevant, and relatable way. Here on this CZcams channel, weâll be having honest conversations about finding our authentic selves by living life based on spiritual, financial, and mental freedom. At the age of 19-homeless and deep in debt-I turned my life around by becoming debt-free, and I decided to spend the rest of my life helping people avoid the same money mistakes I made. Today, by the grace of God, thatâs what Iâm doing every day with AO Enterprise. You can rock with me on Instagram @AnthonyONeal or online at anthonyoneal.com.
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#WealthBuilding #Recession
Ten years ago one of my daughters graduated from a local community college to be an ultrasound technician. She had a job making over $30/Hr within a couple weeks. Low cost education and good income! There are many such great options at community colleges to start the millionaire path.
(Edited to add she is making $60+ and hour now.)
Iâve read your book & Dave Ramsey book I started saving for the first time June 1st and today I have $2,305 Saved and finally under 10k in debt đđœsnowball my debt goal is to be debt free 2023
I hope you achieve your aim and then NEVER HAVE TO WORRY ABOUT DEBT AGAIN.
Amen!!! I cannot submit to a man with no vision. I'd rather be single and work on my own vision.
Respect Ariel I wouldnt wish for a woman to follow any other path respect to you sister
This whole video was talking about becoming a millionaire and youâre over here talking about not submitting to a man weâre you even listening or taking notes
Submitting to a man with no vision is not worse than submitting to a male that is not submitted to God. If he's not submitted to God he's not worth submitting to.
@@leroymckenziejr.jnfenterpr567 âwork out your OWN salvation, with fear and trembling.â
Absolutely because another person has a way to hold you back...You have to Absolutely be with a person with a vision or working on a way to put something together
Debt free 2023!!! This has been my slogan since 2020 regardless of the economy I will be debt free in 2023. I reworked my budget so I could put more money towards my debt and get out of debt by December 25th 2023! Merry Christmas to my family! We will be out of debt by Christmas or before. I am a student currently at Bethel tech because of your interview with Jordan. I am so excited that I will now give my family the life I determined was ours because God said so when I was 8 years old. Iâm learning to trust in my imagination. To believe that the vision God has shown me was real and possible and I am more than grateful for this platform Dave Ramsey and the choice I made to trust Gods vision and getting me in a place to change my lifestyle to a high value one! Thank you!
Helpline đđđ
Yes, listen and avoid student loans! Itâs just debt!!!
Iâm an educator and I pray that I can level up like that teacher!
I came here to learn how to trade after listening to a guy on radio talk about the importance of investing and how he made $460,000 in 4 months from $100k. Somehow this video has helped shed light on some things, but I'm confused, I'm a newbie and I'm open to ideas.
Investing in crypto is a good idea, a good trading system would puts you through many days of success.
I've been making passive income monthly from crypto for over a year tho' I prefer trading with the help of a professional broker Nora Hendrix because she saves me time and reduces the risk of losing funds in trading as we all know how volatile the market is.
@@mavisscott2057 Am trading with expert Nora Hendrix, a regulated broker in US, Met her sometime early last year at a start up funding event. She has some interesting things to say about the state of algorithmic trading today. Obviously I'm seeing the results.
Exactly, the trick is to diversify your investment, don't panic when everyone else do and invest consistently.
I invest with Mrs Nora too, she charges a 20% commission on profit made after every trading session and that's fair compared to the effort she puts in to make huge profits.
Thanks for always being transparent, many blessings and gratitude to you.
Ready for this discussion đđœđđœ
This show was so fire !! Learned so much!! Thank you brother đđŸđŻ
I will be a multimillionaire, in Jesus name. AMEN đđœ đđœ đđœ
Same here !!!
Amen đ
Ever since i was introduced to you I cant stop watching your videosđđż. So much knowledge in one video. Kudos to you! And Thank You!
This show is speaking to my soul.
Right on time! Thanks AO for the gems on the high deductible health insurance, just what i needed to understand. â€ïžđđŸ Iâve been following you since the Ramsey days and itâs been such a blessing for my legacy! Currently on baby step 3, on track to baby step 7 đ€
Over 1500 in my savings
I will attain all riches desire with time!
This was great. I actually talked with a benefits specialist at my job today about Roth IRA, 403b, 457 savings. Planning on getting into those accounts soon. First Iâm trying to pay off some debt and follow the formula you have provided. Itâs crazy cuz I first had a 820 credit score. After running into some fraudulent debt circumstances that credit score has dropped well below that. Iâm working now to get back to that. Thank you for this advice.
Praise Jesus. Thank you AO. đđœđđœđđđđđđđ
Youâre a vibe AO!!
Solid show! Slow and steady win the race. More importantly being a great stewart and manager of your capital!
No outpacing expenses first and the managing money will win the race. You and most of us need an income to even be in the race.
Thank you AOđđŸ
Thank you, AO. I needed this. I wrote my financial growth goals in my journal and my reminders list. Thank you for the spiritual balance to go along with the practical balance. I trust God to do this for me because He satisfies his children with good and because He supplies seed to the sower, and I am a sower.
Great show today. Thanks for pointing out when some pay more than needed a year for health insurance.
I like how you can uplift ppl without tearing ppl down. Its rare these days God Bless
brother your videos are great! I love your energy!. you have inspired me and i will get the course. thank you đđ»
I am going to watch this too! đ€
Great content đ
I love your channel!!
Thanks brother
Im starting this journey
I'll come back with a testimony
Honestly college has been my biggest regret because at 19 I picked to go to school for a better job but never found a job in my major and still struggling trying to pay off my debt. But Iâm interested to go to school for coding or some trying thatâs truly beneficial
Thank you...
You are SPOT ON with the Tech industry. I have been in tech for over 20 years. For me, a degree was kind of required to get in the door. Today however, certifications are the big thing because there are several specific disciplines that you can begin. My salary has increased over the years and for the last few years, it has been over 6 figures.
It takes discipline, consistency and a bit of sacrifice. I am buy no means a millionaire, but I have a high net worth.
Yes, I am over 50, so I say to ALL younger folks....let's say 40 and under.....you have TIME on your side. But don't waste it with foolishness and poor decisions. Pay yourself first, save and invest monthly SOMETHING, even if you have 25 dollars to start. The key is to START, continue and be consistent.
My saying is....Life is short and tomorrow is not promised, never wait for all of the lights to be green, live life to the fullest....Go Get Yours!
As you seem to be aware they will need advance edification to get to living wage incomes!!!
Keep spreading positivity and you will continue to grow
ready
Great video!
Yesssss Sir
This is one of your BEST SHOWS yet!
I definitely canât wait for you to do the pay off your mortgage early show. đđđđđ
Helpline đđđ
I'm going to check this out
Thanks for the wisdom
This is gooooodâŒïž
Gods light is shining on this man! Thank the lord for someone so relate able and REAL down to Earth, not some rich old baby boomer with a headset, stage, and private jet
Yes, that was long but beneficial. Thx.
I got the book by you Anthony!
$10,000 in emergency fund
Ant, discovered you Shawn Stevenonâs pod the model health show and knew I recognized you from dave Ramsey. Iâve followed a lot of your videos and gotta say love what you put out there, itâs truthful, educational and actionable. I watch you every couple days to try and catch up previous shows. Keep it up, love the advice and canât wait for more!! All love
Helpline đđđ
My friend AO, please provide the link of the Financial Peace University under the Ramsey Plus... I loved you there and I love how the Holy Spirit is driving you in this path!
Good talk brotha!!
Amazing advice for the woman dating the man in debt. Well said.
Thank you, A.O I needed this advice đ in my life every day. It's hard but with Jesus help I can do it.
Mindset reset!
Great Video
It depends on what the debt is. I have student loan debts. Like you said, does that man have a plan to save and pay off the debt?
I will đđœ
I have 70,000 in student loans but no real degree
Interested in seeing a video on best ways to pay off your mortgage.
Whatâs your thoughts on saving money through acorn? Also, whatâs the best retirement plan for self-employment?
Curious your thoughts on what would the Kennedys do? It kinda goes against everything Dave Ramsey believes.
Completely agree, the dette is not the problem but someone without Vision perishes
I am just here laughing away. Awesome video. Have to sharpen the saw. So true.
My PrizePool account is 20K!
I agree with you AO I would just friends with a man w $150,000 in debt and no vision. It doesnât make since to bring someone else into that. Get yourself in order before bringing someone else in.
For many people who go on to professional school (in my case Iâm referring to health professionsâŠmedical school, pharmacy school, dental school, etc) student loans are the only option. I had a full academic scholarship throughout college. To pay for graduate school, I had grants and two jobs. When I got to professional school, however, I had to use student loans as did most of my classmates. These professions, once you graduate, all pay very well. The key is to be responsible with your money, know where it is going, and live below your means while you prioritize your loans! They can be paid off and it can be done in a very reasonable amount of time.
I taught Ronne's daughter when she was in middle school. Ronne is an instant head turner. Baaaaddddd as all heck! She is pro black and pro helping people. A real DC native.
For my insurance I just got the high deductible plan , which is free at my job, so I got that so thatâs no extra money coming out of my pocket and I pay into my HSA which my job matches up to $700 a year ,and it rolls over to the next year. Plus the HSA pays for a lot more things than people think!
Should I open Roth IRA with my credit union or is that a bad idea go with something else
Liking it âšđ€©đ
AO I need you on the new season of my radio show, which Iâm launching as a podcast.
Curious. Has anyone experienced if these tech opportunities lean more on the side of the 40 and under community?
How did you do it
5:40 I couldnât have said this better myself. Iâm burnt outâŠ
I just paid off over $1,500.00 in medical debt since the beginning of the year! I wasn't able to pay my medical bills on the HDP offered through my employer. It was too high! I blew through my HSA funds really quickly! I had to wait until the beginning of the year for funds to reload on my card and I have paid off most if not all of my medical debt from last year. It feels so good to get that paid off, but the HDP definitely isn't for me at this point and time. The bills were so stressful! I don't like being in debt & having bills sent to my house. I was afraid it was going to start effecting my credit which I work so hard to get into the 700's! Thank You for making this content & feeding my wealth mentality!
Your audio is up and down constantly. Suggestion: body microphone for consistency in audio.
AO, I have a question, you mentioned that the retired teacher can withdraw 10 percent from her nest egg each year. Most advice regarding neat egg withdrawals suggestions 4- 5 percent to ensure it will last a minimum of 30 years. What is the basis of the 10 percent withdrawal rate? And how long could the principal last making withdrawals at that rate?
10% is super aggressive...it actually should be 2% due to inflation
Soooo I never knew that much about HSA
Shout out to Teri from Trade and Travel đđđ
We can all answer that question. NO NO NO. Agreed because of the no budget no the dollar amount
The sponsors and ads killing the show
How do you simultaneously pay off credit card debt (while getting hit with interest each month for carrying a balance) and save a $1,000-emergency-fund and 6 months of living expenses??
Save your 1000 first. Then tackle and pay down your debt. Then start on your living expense 3-6 month plan.
PrizePool, you canât name a beneficiary.
1. Sell stuff in the house that u don't need, get a 2nd part time job for the 1000 dollars emerg fund.
2. Pay off debt - cont with part time job to help pay debt off quickly.
3. Than after paying off debt , save for 3-6 months emerg.
Anthony can you help me
$3950.00 at the moment.
My & wife and I have over $20,000 saved at the moment. Have a goal to save $100k but got $100k in debt. Long journey but a necessary one
What should I buy in my Roth IRA??
Index Funds in different sectors
Index fund
Believe it or not most people, don't bring home $5,000 per month & with the cost of living increasing this way to become wealthy is fading, just when people start to find out about it. Someone moved the cheese. We have to come up with a new strategy.
I have 6 figures in savings
Don't dismiss the traditional 4 year university. There are many reasons WHY this is STILL a viable option.
đđŸ
Question Anthony, if you don't use credit cards, does this mean, all your purchases, gas, food, etc. are paid in cash?
Please explain. It's only fair you share the truth, the whole truth!! So, you carry cash for your expenses, or do you write checks?
Not sure what he is doing but you could use a debit card / Apple Pay etc. it doesnât have to be physical cash.
Imma tell yo daddy too đ
No vision, no budget, no change, no way.
Single mother of 4 (young ages), student loan debt (currently in school), making less than 26,000...so if you're not making enough to save then what? If I work more jobs...who is going to raise my children?
Your asking all the right questions because CZcamsrs tend to overlook issues like this!!
Your job doesn't have any retirement plans?
Been there. Being a mom is a job in itself. Keep going to school!!! I graduated college with a toddler on my hip and another one in my belly. It was hard, I had to stay with my mom at times, their dad was no help. Good news is they are not always going to be this little. The older they get the less dependent they are, and the more opportunity you have to enhance their future. But I wouldnât have been able to make more than 50k without my degree. Itâs going to be hard but not impossible. Itâs easier with a village. Save your tax refunds and save any refunds you may get from school. Put that money in a high yield savings account. If you have supportive parents or grandparents you can live with until youâre done with school you should take advantage of that. Thatâs a start.
I brought in 2023 with the most money I've ever saved in my đŻ around $3k but then covid happened to my family for the first đą now I only have around $2,000 saved with 3 kids and my girl got a daughter so 4 đ„¶ I used to have $10,000 all the time and blow it all the time lol but this year is grinding for the loved ones đŻđŻđ
That teacher shouldâve had wayyyy more than a little measly 1.3mill on het retirement acc after 34 years. Couldâve doubled / tripled that by simply investing in the S & P 500 index fund or etf that mirrors that index
Helpline đđđ
Jobs need to stop telling graduates they need 5-10 years experience and need to start your pay higher than entry level when you have a degree.
I hv been working in the tech field for 15 yrs & I see way more black women than black men so we are out here! âșïžđ€
Debt free and sexy!!!!!!! â€ïžIt!
Helpline đđđ
My greatest happiness is the $64,000 bi-weekly profit I get consistently from my $15,000 investment despite the economic fluctuation đ
@Amelia Evie Would you mind sharing more about this investmnet. đđ I want to invest but donât know what is best to invest in to get a return.
I got $50 in my savings đą
I'm on child support but definitely want financial freedom, please help
2nd job. All invest
Me and my household will be millionaires in Jesus name
Black kids have to get over the MATH thats required for tech jobs
I love you content Al, but why do you holla when you talk? You are so loud!! I know that I'm not the first person that's said this. Love you Dude, but can you tone it down a little? Said in loveâ€ïž