How to Be a Millionaire on a Low Salary
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- čas přidán 20. 05. 2024
- Use the promo code TILBURY to get a free share worth up to £100 or visit www.trading212.com/promocodes... (terms & conditions apply)
Becoming a millionaire on a low salary is entirely possible if you follow the right steps... In this video, I cover EXACTLY how to start investing for beginners - Enjoy!
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Disclaimers:
This video does not represent financial advice, and I am not a financial advisor. When investing, your capital is at risk. Investments can rise and fall and you may get back less than you invested. Past performance is no guarantee of future results. *Terms and fees apply - www.trading212.com/terms/invest.
Some of the links in this description are affiliate links that I get a commission from
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For business inquires only, please use this email: mark@marktilbury.com
Hope you found this helpful, here is the link to the free stock I mentioned (worth up to £100) 🙏
Use promo code 'TILBURY' or visit www.trading212.com/promocodes/TILBURY
(terms & conditions apply)
yees
This is the best app out there. Back in the day when I started I did my due diligence and decided to choose T212.
It's not the only platform that I use but it is my favourite and it gets better and better, new features are added permanently
@@mouldybluelemonyou have to be 18 but once you ve reached the age you can invest with as little as 1£. Let's say 5 :) . Fractional shares
@@mouldybluelemon A Junior stocks and shares ISA
Another thing I am a minor is it ok
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
As a beginner what do I need to do? How can I invest, on which platform? If you know any please share.
As a beginner investor, it’s essential for you to have a mentor to keep you accountable. Myself, I’m guided by Antonio Alex. A widely known crypto consultant
A major distinction between winning and losing is using the right strategy and of course with signals like those of Antonio, profit is assured.❤
Yeah Alex Antonio signals and prediction is awesome actually i was skeptical at first lol, until I decided to try. It's huge returns is awesome! I can't say much.
I'm surprised you also trade with Alex Antonio, he's the best at what he does. At first i was afraid too before i gave it a try and realized fear kills dream more than failure.
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.
A robust strategy is crucial for any investor's portfolio. When it comes to making high-stakes decisions, the greater the risk, the greater the potential reward, and it's wise to seek guidance from seasoned professionals.
Many people minimise the importance of counsel until their own feelings become overwhelming. A few summers ago, following a protracted divorce, I needed a significant push to keep my firm solvent. I looked for licenced advisors and found someone with the highest qualifications. She has contributed to my reserve increasing from $275k to $850k despite inflation.
Recently, I've been exploring advisors, but the market news I've come across hasn't been uplifting. Who's providing guidance for you?
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.
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.
I’ve been saving for a long time instead of investing, and right now I only have about $516k. I'm not sure how to make it grow into something substantial that I might use for retirement. I just here for ideas
As a beginner, educate yourself: Learn the basics of investing and the stock market. There are many resources available online , including books, articles, and online courses. It’s a good idea to diversify your portfolio across different stocks
Yeah, financial advisors could make a lot of difference, particularly in a market such as this. Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine
I think this is something I should do but I've been stalling for a long time now. I don't really know which firm to work with
was guided tho..Amber Kay Wright. walked me through the ropes majestically it's my ultimate pleasure.
I'll take a chance and see how it goes. Thanks for the info
As an elder millennial, one of the few advantages is having lived through the Great Recession. My advice. Reduce unnecessary expenses, increase your savings by investing in financial markets and do not sell. One thing I know for sure is that diversifying your income can help insulate you from much of the craziness going on in the world.
The stock market is a way to hedge against inflation. Most notably amidst recession, investors need to understand where and how to allocate funds to hedge against inflation and still make profits.
I literally crapped in a bucket ate spaghetti O's and didn't have running water for years to save money to invest. Many other things I gave up but it was worth it. If someone wants to be rich they can. I don't care how much they make.
Agreed. Especially when market drops, continue to invest.
Purchasing a stock may seem straightforward, but selecting the correct stock without a proven strategy can be exceedingly challenging. I've been working on expanding my $210K portfolio for a while, and my primary obstacle is the lack of clear entry and exit strategies. Any advice on this matter would be greatly appreciated.
the strategies are quite rigorous for the regular-Joe. As a matter of fact, they are mostly successfully carried out by pros who have had a great deal of skillset/knowledge to pull such trades off.
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
Please can you leave the info of your lnvestment advsor here? I’m in dire need for one
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.
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.
My advice to new investors: Buy good companies stocks and hold them as long as they are good companies. Just do this and ignore the forecasts and market views which are at best entertaining but completely useless.
the strategies are quite rigorous for the regular-Joe. As a matter of fact, they are mostly successfully carried out by pros who have had a great deal of skillset/knowledge to pull such trades off.
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.
@@noah-greeneMind if I ask you to recommend this particular coach you using their service?
'Gertrude Margaret Quinto' maintains an online presence. Just make a simple search for her name online.
Her website appeared right away, You've saved me several hours of research, I appreciate it.
I'm DCAing in Blcktken300 as well. ETH heavier DCA and ALGO. I'm taking your advice and starting Google tomorrow with a 50 dollar purchase and continuing Microsoft and Apple. VTI and VOO on another app and longterm portfolio. Here we go family!
I agree 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.
I agree that there are strategies that could be put in place for solid gains regardless of economy or market condition, but such executions are usually carried out by investment experts or advisors with experience
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
Please can you leave the info of your lnvestment advsor here? I’m in dire need for one
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
She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing
The fact that nobody talks about the forbidden book Scarpure money speaks volumes about how people are stuck in a trance
wow, thanks for the info, I didn't know it was available again
He is a bot
@@kksthemonke5042 dont be funny please, this is reason why you so unsuccessfull
🤖
@@user-bf2lh9ok2i it is though. Go to more familiar videos lile this and they all have more than 500 likes and no comments. It will literally be the same comment
I feel that the last bull run was bolstered by all the money being printed. Major returns next bull run but I think they will be tamer in my humble opinion. A 10x on Blcktken300 and a 15x on polygon are fair considering how much those two coins are interwov
Scam
I remember when I just got into crypto back in 2019 but later in 2020 I ended up selling it because I was dumb and I didn't understand it. I studied and learned and now I know how it works. Got back into crypto early in 2023 with 10k and I’m up with 128k in a short period of time .This comment serves as motivation for all those who have invested and continue to invest in cryptocurrencies with so many losses, do not give up, cryptocurrencies can change your life. Do your best to connect with the right people and you will surely see changes.
How please? Am a newbie in crypto investment, please can you guide me through on how you made
Honestly I really need help learning to trade. Seeing my portfolio low makes me very sad.
I started working with Alex Redondo back in June, and my financial goals have never been clearer. It’s like having a strategic partner for my money with a solid track record.
Really! That's good, Please I'm very much interested. How can I get in touch with this Alex Redondo? I really need to give her a try.
This is the telegrams user name
This felt like one long ad.
With markets tumbling, inflation soaring, the Fed imposing large interest-rate hike, while treasury yields are rising rapidly-which means more red ink for portfolios this quarter. How can I profit from the current volatile market, I'm still at a crossroads deciding if to liquidate my $125k bond/stocck portfoli0
To manage market risks responsibly, distribute investments over many asset classes such as bonds, real estate, and international equities, seek the advice of a professional.
I believe that diversifying your investments is the safest way to handle it. One way to lessen the effects of a market crisis is to distribute investments over a variety of asset classes, such as international equities, bonds, and real estate. It's critical to look for expert advice.
a lot of people downplay the need of advisors until their own emotions become unbearable. I sought for licensed consultants a few summers ago after a drawn-out divorce and needed a push to keep my firm afloat. I located the most qualified person. With her help, my reserve has grown from $275k to $850k, even after accounting for inflation
I am seriously devoted to creating a stable financial future and am thrilled to participate.
who is it?
I had initially planned to retire at 62, work part-time, and save money, but the impact of high prices on various goods and services has significantly disrupted my retirement plan. I'm worried about whether those who experienced the 2008 financial crisis had it easier than I currently am. The volatility of the stock market is a concern as my income has decreased, and I fear that I won't be able to contribute as much as before, potentially jeopardizing my retirement savings.
Rizing prices is just an excuse. Plenty of people still making good money during these times. You just need to know how
What stock market volatility? Stocks have been going up for half a year already
Ah duck, it's another bot again
Retire to a central America country. Your money will last double or triple. A home in El Salvador is like $35,000 four bedrooms,two Barth room. With $1000 a month you live a royalty life.
@@clintonnickens1004What jobs in these countries do they pay good crime ect these things are also a concern.
Thank you for actually helping us, instead of making some short videos telling people to buy some course that is a scam like some people do.
....while claiming to do "the Loooaaaard's wurk?"
I think I know whom you might be referring to .... 🤪
I started watching you in middle school, a month ago I started investing into the s&p 500. My portfolio is only a little over $100, but it’s a start. Plus I can’t even legally get a job, so I’m doing decent.
Remember, investing money in your skills is also investing. It will ultimately lead you to making more money, which you will then use to buy stocks anyway. This is important especially when you are young because, as you still cannot legally be employed, you want to start accumulating work experience in a highly paid industry as soon as you are of age. Being 27 years old with 5 years of experience in (for example) programming is something you cannot buy once you are 27.
My advice to you is to invest in books, courses, mentoring or higher education for a specific skill. The stock market will be there for you when the time is right.
00:00 🤔 Understanding millionaire statistics: Only 31% of millionaires earned an average of $100k/year, with 79% receiving no inheritance.
00:57 💰 Leveraging income and expenses: Controlling income and expenses is crucial for creating positive cash flow, regardless of salary.
01:53 💡 Importance of starting early: Starting young with positive cash flow allows for significant wealth accumulation over time.
02:23 💳 Managing expenses: Tracking expenses and eliminating unnecessary costs, especially high-interest debt, is essential for financial stability.
03:50 💼 Leveraging income: Focus on increasing income by leveraging skills and opportunities to maximize earning potential.
04:19 📊 Income split strategy: Allocating income wisely, with 50% on needs, 30% on wants, and 20% on investments, is crucial for wealth building.
06:15 🚀 Starting a side hustle: Creating additional income streams accelerates wealth accumulation and investment opportunities.
08:41 💵 Importance of investing: Investing, particularly in index funds, is key for long-term wealth growth and financial security.
Easy to read, much harder to implement
The first point is extremely misleading. Inheritance =/= financial support, the vast majority of them receive quite substantial amounts, of that.
Also all of those other points are exclusively useful if you have disposable income. Most people have to spend 80+% on needs rather than wants. Getting new skills is great advice though.
@@joev3783 That's true. But don't forget about self-made millionaires who never received inheritance and have to work their a**es off
Blcktken300 is young. Holding almost anything mentioned here is a good hold because the VHS or Beta will only show in time. I want to hold them early. Its sad that most dont think of these things as good future holds instead of being out of the market and bottom hunting. Are we the adopters or are we scavengers? surely one of these layer ones will become the standard and i dont want to sell any of them too early.
You work for 40yrs to have $1M in your retirement, meanwhile some people are putting just $10K in a meme coin from just few months ago and now they are multimillionaires.❤️
it's obvious.
a lot of people remain poor due to ignorance, it's better to take risks and make sacrifices than to stay poor
@@SavAge-rn4rbI agree but finding a professional for guidance ain't as easy as it sounds. cause I've been searching for one
Well I must say people are scared because there are so many unprofessional brokers out there.
I think I'm blessed if not I wouldn't have met someone who is as spectacular as expert Kate
Any specific guide. I'm from Georgia how do I go about this? I think I'm interested how can I get in touch
Let’s face it, the answer is making CZcams videos that tell other people how to make money doing things other than CZcams while realistically probably making most of your money from CZcams
These days, with next to no cost as a barrier of entry, it seems like a responsible person SHOULD 'side hustle' by being on one or several social media sites to be an entertainer, educator, or commenter of some sort.
Hit 200k today. Thank you for all the knowledge and nuggets you had thrown my way over the last months. Started with 14k in last month 2024
I'm 35 and have been looking for ways to be successful, please how??
Wow for real? I'm so excited. Sonia christen strategy has normalized winning trades for me also. and it's a huge milestone for me looking back to how it all started
Wow that's nice She makes you that much!! please is there a way to reach her services, I work 3 jobs and trying to pay off my debts for a while now!! Please help me.
Great perspective and her points are very rational. I’m very glad I stumbled on this today writing to her now really hope she can help me too 🙏🏻 using my check to do this
She's on telegrams mostly, using the user name.
Blcktken300 anticipation is building to a fever pitch! 😥
Money Management is so much more important than money earned.
I must have money first to manage
I’d say they are equally important. There is a certain salary you need to make to live comfortably and invest at the same time. It’s a lot easier to retire on a 500k salary even if you blew half your money vs a 100k salary where you only spent 10%
I was advised to diversify my portfolio among several assets such as stocks and bonds since this can protect my portfolio for retirement. I'm seeking to invest $200K across markets but don't know where to start.
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
I thought about investing in the financial market, I heard that people make millions if you know the tricks of the trade, but I lack good knowledge and a strategy to outperform the market and generate good yields. I have $160,000 but it's hard to bite the bullet and do it.
true, 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 license advisors and came across someone of due diligence, helped a lot to grow my reserve notwithstanding inflation, from $275k to approx. $850k so far.
I think this is something I should do, but I've been stalling for a long time now. I don't really know which firm to work with; I feel they are all the same.
thanks, was guided tho..Julia Hope marble...walked me through the ropes majestically i'ts my ultimate pleasure.
Im so glad my parents tought me to start early... i bought my first property after my third paycheck. And 3 years ago i started a side hustle from my garage, now i employ 2 people with a turnover of 2 million per year. It takes the stress of my daily job and its something i enjoy
As an lnvesting enthusiast, I often wonder how top level investors are able to become millionaires off investing. . I’ve been sitting on over $545K equity from a home sale and I’m not sure where to go from here, is it a good time to buy into stocks or do I wait for another opportunity?
I believe that diversifying your investments is the safest way to handle it. One way to lessen the effects of a market crisis is to distribute investments over a variety of asset classes, such as international equities, bonds, and real estate. It's critical to look for expert advice.
Who is it?
Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her resume.
You should talk to a retirement planner, a certified retirement planner. They will help you diversify that money into different things so in case the stock market blows up or the housing market or whatever you will be OK and will have that money forever and grow it.
Buy water, food, sturdy clothes and soaps. TELL NO ONE.
The best way to find that balance between saving and living is by investing. Starting early is the best way of getting ahead to build wealth and smart people will always try to harness any investment opportunity not minding the risks involved.
I've been diving deep into stock options, the first $120k is definitely the hardest, but I believe can easily multiply once cracked.
If you cut off all distractions and just focus on solid investment, you'd be surprised by just how much one can accomplish in 6 months!
I just Googled his name and his website came up right away. It looks interesting so far. I'm going to book a call with him and let you know how it goes thanks
HE'S MOSTLY ON TELEGRAMS, USING THE USERNAME
@WONGHUATRADE 💯 ..that's it
It's important to remember, a million pounds will be worth very little by the time most of the viewers are elderly. It will probably only last a few years.
Wish i had a cool uncle like you to teach me about this stuff when i was younger. I was a good saver but no one knew about investing. 😢
Same here. They taught me how to ride a bike and tie my shoe laces at least. 😅
Did you forget how to use Google when you were younger?
Hey, did you hear the news? Bitcoin just hit $50k! 🎉 That's a major milestone for the cryptocurrency world. It's like the stock market on steroids! 💥📈 What a wild ride! 😄
...really @@jollama? Google wasn't invented in 1492 or something. Anyone over 30 either did not or barely had access to searching.
@@HistoryByJames Maybe you’re living under the same rock he is
I take an employer match and everything else goes into a couple different etfs that are a little more heavily in different sectors. I have a slow start because housing was my first goal.
I don’t really need to be a millionaire. My goal has always been to keep the monthly expenses low so that I have more excess money.
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 Patricia James
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 been super
As a beginner what do I need to do? How can I invest, on which platform? If you know any please share
@@Jordansilva916 Great question. I'm interested too
SHE'S MOSTLY ON TELEGRAMS, USING THE USERNAME
@Patricia308 💯 ..that's it
Nice motivational video, but you missed inflation? 1.3 M USD in todays money was around 450K USD in 1984.
I was advised to diversify my portfolio among several assets such as stocks and bonds since this can protect my portfolio for retirement of about $750k. I want to know: Do I keep contributing to my portfolio in these unstable markets, or do I look into alternative sectors?
Not only that i feel right now e commence among other sectors are expected to really see growth but who know i might be wrong, These days the market is filled with surprises.
Interesting, I’ve actually been looking into that lately, the news I've been seeing in the market hasn't been so encouraging honestly. If you don't mind me asking who's the person guiding you?
This is crazy If anyone ever told me I will be randomly be surfing on the net and come across individuals talk about Wendy Birkett will for sure doubt but this is crazy I know her and love her strategy so much wow thanks for preaching the gospel…
She appears to be well-educated and well-read. I ran a Google search on her name and came across his website; thank you for sharing.
This is impressive I just Googled her name and her website came up right away. It looks interesting so far. I'm going to send a mail to her and let you know how it goes.Thanks for sharing truly!
Cheers for the help my man. Turning 18 next year and i'm downloading this video for when i need some advice mate
I’m proud to say I knew all 4. Whew. I’ve been studying this topic for a while now because I recently realized that I have a lens for looking at money and finances that I learned from my parents and the world has changed so much and I needed to change my perspective in order for it to make sense in today’s world. A word of caution for anyone reading your comments: before you start freelancing make sure that your day job doesn’t have a policy that prohibits you sharing your knowledge. It’s very possible. If so, no worries. Just find something that really interests you right now and study it until you become an expert at that.
Thank you for taking the time to share your knowledge. I have learned from you in the past and even 3 months ago I wouldn’t have known the answers.
You could invest in stocks, start a side business, or focus on advancing your career. It's important to set goals and make a plan. Remember, wealth can mean different things to different people, One thing i can say that helped me in life to reach my first million was starting early, i got curious and informed i became open to passive income, investments in equities , etfs and the likes. also sought help to handle my portfolio which was my foundation. i'm ever grateful to Anna Rounds Fay my FA
That’s some good values. sounds like you got something going for you
She appears to be well-educated and well-read. I did a search on her name and came across her web, thank you for sharing
Did a quick search and found her webpage. I must say her resume is pretty impressive. will be writing her.
Nice interesting picks.
I'm favoured, $60k every week! I can now give back to the locals in my community and also support God's work and the church. God bless America!!
How can you make 60k a week? Is it a business? Just wondering
@@LogicalEditz1 it is because he doesn't earn shit. This stuff is just making yourself happy for internet people to worship you while you dont even have shit
Many of those making above 100k and still living paycheck to paycheck aren't doing so because they spend recklessly. It's just that many of these jobs are in high cost of living areas or highly-taxed places.
It's harder to have a net positive cash flow today when most can't afford to own their own home today.
Yes, and sometimes the 6 figure paycheck is actually there to keep people who are doing the job afloat, like truck drivers for example, they can make 6 figures; however, a lot of that money goes into truck maintenance, which is why they get paid that much.
I will be forever grateful to you, you changed my entire 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 Michelle Stewart
Building a good investment portfolio is more complex so I would recommend you seek Michelle Stewart support. This way you can get strategies designed to address your unique long/short-term goals and financial dreams.
Stewart's expertise in customizing investment portfolios based on changing market conditions and personal risk profiles is exceptional. It's not a one-size-fits-all approach, which is crucial in crypto investing.
What impresses me most about Michelle Stewart is how well she explains basic concept of winning before actually letting you use her trade signals. This goes a long way to ensure winning trades.
I have been seeing so many recommendations about Michelle Stewart, Her strategy must be good for people to talk about her. Does she work for companies as well, I might be able to get her a deal with my board here in Canada .
I'm new at this, please how can I reach her?
Disciplines is the key but with money is freaking hard…
Just be boring or find cheap fun. Ur bank balance will thank u.
@@HeathenwoodOfficialLike if “cheap fun” can be had these days.
Statistics sound great. But reality doesn't bare your facts.
Cheap fun is super easy these days
As someone who lives in Australia. Seeing 50% to needs hurts. Housing is like 60% of my income.
Really liked your "bloody go and learn one" comment about the skills. Learning those skills could be a video in itself.
Maybe you could also mention that it's a longterm game, and that investors should stay true to their course for 15 years
Thank you for the illustration about the 3 scenarios with savings and time of start.
Thank you Mr. Tilbury. 🙏 This should be mandatory studying material in schools(!). Working a standard 9 to 5 job nowadays is simply not economically sustainable anymore. It seems that inflation and post-covid price hikes nowadays outstrip salary-workers their retirement savings.😩
Such good advice! This will be key for me trying to transition from working full time into online content creation on CZcams!
Who has $500 to spare when rent is more expensive than an entire paycheck?
Just live on streets
I make a little over $130k and have no issue saving after putting money into my 401k, roth IRA, HSA, and paying rent. I have no student loans, credit card debt, or car loans. I made 21% over the last year investing in index funds. Look into VTI, if you're curious.
Where is rent greater than a month’s pay check for full time work?
@@stevenbury3980 a months paycheck? You think all somebody has to pay to survive is rent?
I do! Quit living beyond your means! It’s that simple. You can literally control your own income!
When you have a mortgage you have a payment that is a blend of a need (shelter) and investing (real estate).
Love your videos mark and ive started investing thanks you you!
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.
Certainty eludes everyone; thus, it's vital to establish your own methodology, handle risk, and adhere to your strategy unwaveringly. This commitment should endure challenges and successes, all while maintaining a commitment to ongoing learning and improvement.
I know “Wendy Birkett Investment”. Her platform maintains a unique perspective and is very transparent with their investors. Regardless of whether or not she outperforms i will always stay invested as her methods alone with keeping investors in touch with their strategies and outlooks are something that so few managers are capable of and they should follow suit
Market is ready for a sell off. I think starting in January will see some serious selling. All of my customers across many industries are telling they are seeing their business are slowing down. I think next quarter many companies will revise their future earning downward.
Recently bought some recommended stocks and now they are just penny stocks. There seems to be more negative portfolios this last part 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?
I'm looking to give stocks another shot after staying on the sidelines since the pandemic. Being heavily liquid, I'd rather not reinvent the wheel. Since this strategy works for you can you advice me on stocks to pick?
Found out I was being taken advantage of about 8 months ago (had been for 10 years). Took me 3 months to plan and execute and exit strategy. I'm now having to rebuild my finances, but much happier now, way less stressed. I assumed people were generally good and hadn't done enough of my own market research to know what I should have been paid. Don't do that. A lot of industry/trade magazines or institutes will publish median salary data for various levels of experience. This is often freely available or available to members (become a member, it's worth it). Compare your experience to the market. Also, I should have known better than to stay in the same role for more than 4 years. It's just not worth it.
I just made it into the millionaire club. I did it working a normal job started out at 20k a year currently at 60k with my day job I am 38 years old. I started putting my money into mutual funds and etf's as soon as i started working. in my 30's i started using some of that money to buy rental properties. My parents and grandparents where field workers. My parents borrowed money from me in middle and highschool to keep from losing our house. I had no advantages but still did it. Was still able to save even when i was working minimum wage in college.
I save 55% of my salary every year and invest. You just have to change some habitat and behaviors. You can do it!
Trying to get rich at teen years
You've helped me alot 🙏🏻
Same man
Inheritance is not the only way in which a rich family can help their younger ones. There is influence and reputation as well. Actually those things may well be worth more than actual assets, since they open so many doors that are otherwise closed to the majority of the population.
Enjoyed his communication style, but I wish he addressed the aspect of being in debt too. Mentioning how to manage finances when dealing with debt would have added valuable insights.
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.
Safest approach is to diversify investments. By spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown. its important to seek the guidance of an expert
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.
How can I participate in this? I sincerely aspire to establish a secure financlal future and am eager to participate. Who is the driving force behind your success?
She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.
Ask yourself. Will people still be buying, if not switch or get out
Thanks for a very informative vid, wish you cud have been my uncle when I first started to work, is this stock available worldwide??
You have some of the best financial advice out there! Thanks Mark!
it is important to mention that being a millionainre doesn't mean you are crazy rich. Just having a house, some terrain, some cash in the bank and that's enough for you to be registred as a millionaire
I just come to YT to start over watch your videos after o one mouth and I see just you realize new vid. Thank you! :)
Yes. Don't just save 20%- invest it👍
Thank you! I enjoyed watching your video
Yeah because when you were younger you could get anything you wanted with a PT job.
Nowadays you need two FT jobs and a multiple side hustles just to get a place to call home.
Dear Mark, could you maybe do another video to show us more about investing and how it works?
Most understandable formative money making strategy video I’ve seen.. Thankyou.
Hey, did you hear the news? Bitcoin just hit $50k! 🎉 That's a major milestone for the cryptocurrency world. It's like the stock market on steroids! 💥📈 What a wild ride! 😄
Love this man! All these premium stuffs for free!
I follow most or all of this advice, no credit card debt, putting away savings, finding funds to invest it and... It still feels like a grind, complete with frustration and anxiety about not having enough to last into retirement. The rewards that education and employment promise are pointless in the face of rising living costs, increasing taxes and inflation.
I sense there will be a major push for euthanasia-friendly legislation in coming decades. From elderly people who've run out of cash to live 80+ years and who literally find life too expensive.
Welcome back sir, we missed you ! 🙏🏻🙌🏻
Hi, I didn’t go away, I have just had so much going on in January, I will let you know more about that soon. MT 😎
@@marktilbury there is no app, I tried to download it through App Store and website. Nothing shows up
I’ve done some investing last year and I’ve made a 23% gain
Really appreciate your videos, Mark.
It's interesting how many high earners still live paycheck to paycheck, I read a stat somewhere that even some making $500K per year are! Shows how important financial literacy is at all income levels!
Got to try this Vanguard S & P thanks Mark ❤
I’m setting up the trading 212 account - so far they haven’t asked for a promo code
Hey Mark! Ive been using Robinhood and am on the Vanguard 500 (VOO) constantly adding to it. I realize this isnt exactly the same as the one you mentioned in the video but sadly i could not find the specific one mentioned. Is that one still similar?
Amazing video as always. I like how you always get straight to the point and not try to sell us any courses. It really sucks that people on a single income can't afford to live a comfortable life anymore, everything has gone up in price
I thought you were really helpful. You explained it in simple terms and things I could relate too.
I personally believe in, the moment you get paid. Allocate an absolute MINIMUM of £200 into your SIPP before you even breathe.
Future millionaire here, saw till the end
good luck
Great video!
The only thing I'd change with the money split is this:
Instead of 30% for wants, do 20%. That way you can give 10% tithing/charity. Most wealthy people give tithing/charity.
A cousin of mine made a CZcams channel when he was young, it wasn’t successful but then he restarted a few months ago, and the skills he learned from that one channel grew his channel to around 60k rn, id also like to say he is already fairly successful, (civil engineer with a full time job with good reputation) but that channel has made him good money
Would like to warn everyone right now that it's in the millionaires and billionaires interest to get you to buy s&p 500 stocks atm because we are currently experiancing a top in the stock market before a bad recession so they wanna sell as much as they can right now but in order to sell for over 5k they need lots of new buyers.
You are so smart and kind, thank you for showing us young the way.
Yea rent is crazy. Just greed. People shouldn't have to pay that much its never been this high. We're the only decade that has to deal with this! All this stuff is good but you gotta have money to make money. There's no getting around that.
Thank you Mark 👍👍.
The reason most don’t earn more than 100k is because for tax purposes there is generally no point earning that much. It doesn’t mean they didn’t earn 100k or more it just means they didn’t take more than 100k as a salary.
I think you have a weird idea about what a millionaire is. Most millionaires just have a 9-5 and get to millionaire status by boring saving and investing. Not being a CEO and getting $5M a year in stock and OnLy a 80k salary or whatever you're suggesting. Most millionaires don't have the ability to "pay themselves less" unless they're business owners, of which only represents a small fraction of millionaires.
@@justthebrttrk Even as a business owner that ability is uncommon. Most businesses in the US are LLCs or sole-props which means the profit goes right onto your personal tax return. You have to be a C-Corp to retain earnings and the tradeoff is double taxation because the company will pay tax and you will eventually still pay income tax when you draw from it.
Is dollar cost averaging the bogleheads three fund portfolio a good idea?
@MT: What is the name of the website or tool you are using to calculate the earnings of the investments that is shown in the video? Thank you very much. Love your videos
This is good advice and also a great mindset. But 47 years to be a millionaire when you add inflation still is not much. $1 dollar in 1977 is worth $5 today. So $1m at the same rate in 47 years is $200k in today’s term and you can’t live off of that long term!
Thanks very much Mark, I wish somebody had told me all this 35 years ago! However, I'm off an running now.
Hey, did you hear the news? Bitcoin just hit $50k! 🎉 That's a major milestone for the cryptocurrency world. It's like the stock market on steroids! 💥📈 What a wild ride! 😄
Thank you for the video and the info. I'm not really trying become a millionaire. I'm just really trying to get my family out of debt. My son battled through leukemia and it's been a long battle. He's doing better, but the pieces are still being picked up. Now I try and climb this mountain of debt. I've been head down and now I need to try and change that. Hoping with some of the knowledge I can find I turn that around.
I’m SO excited…dude thanks so much for this advice :,) I’m saving my money now!
Waited a month for your content.🙏🏻 started my channel watching your videos
Network is also key. Me and my brother put away a good amount of money together and we will be able to buy our first pice of real estate right out with no mortgage this year if everything goes to plan
Thanks for being brutally honest. I am sick of people whining about their situation and blaming others. They fail to realise it is up to them to make a change. IMO they are afraid of leaving their comfort zone.
Personally I am investing 60% of my income, it has really started to explode in recent years. And my "side hustle" is taking an extra shift at work.
I've realised that people complaining about house prices etc. are not being fair. They use an entry level wage vs average house price. They really need to compare against entry level prices, and understand their income will be higher in the future, especially if they invest/find an additional income stream.
Btw last year my investments made 20%, it seems when the economy is doing bad the best thing to do is BUY MORE, NOT SELL!
Unfortunately that is the time when fewer people are able to invest, but if you can, take advantage!
Do they tell you you were lucky or had it easier than them? I'm both sick of it and saddened by it as it's my friends who I feel are throwing their lives away.
keep up the great work mark 👍
If you are not in the financial market space right now, you are making a huge mistake. I understand that it could be due to ignorance but if you want to make your money work for you...prevent inflation
What are you talking about and how could this be explained?can someone please explain
How does this crypto stuff really works and how do I make I make good profit from it? I'm willing to invest in it but I need guidance so I don't lose out
going to laos next month... instant millionaire
So how much should we actually put towards savings? Your setup does not allow for any savings for a rainy day. Would that classify as a want or need? What percentage is good for savings?
I think that's the idea have a savings/emergency fund and also a diversified portfolio focused on long term return having in mind that investments compound and that's math so if you have discipline and consistency becoming a millionaire is no longer an "if" but only a matter of "when"
Nothing better than being self made