Want To Be Rich? DON'T Save Money.
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- čas přidán 2. 06. 2024
- Here's the truth, I did make my millions from being smart with money, however I didn’t just save every penny in a bank account!
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I am 27 and i just started my ROTH IRA and deposited the max for 2024! I feel stupid for how long it took to get my life straight. The problem here is, what is the best way to invest the money to grow for retirement?
I believe every Investor should start with ETFs for a solid foundation, then diversify across asset classes and maintain disciplined, regular investing to minimize risks and maximize growth.
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.
How can i reach this person?
Thanks a lot for this. I just checked her out now and I sent her an email. I hope she gets back to me soon.
Real estate
I did what your philosophy recommends Mark. I worked more hours, I didn’t spend money and I invested everything. 5 years later I’m saving for my 5th rental property - all done whilst earning minimum wage. I’m walking proof your advice works. It can’t be denied because I recorded everything on CZcams.
Keep up the good work mate
Well done that’s amazing to hear, you’ve absolutely smashed it. I’m very proud! 🔥 MT
How did you manage that on minimum wage? You must have worked 80 hours a week to even get a mortgage
@@liam.4454 no mate. Lenders on buy to let mortgages don’t initially take income into account. Rather they lend on the rental potential, and will lend up to 75% of the purchase price. All I had to do was save the £20k to cover all the costs. It took me 2 years working 80 hour weeks and saving 60% to buy the first one.
I recorded everything on my CZcams channel
@@liam.4454 I think he means he lives as earning (spending) the minimum wage and saving (and investing) all the rest. And probably, he doesn't have a family.
@@liam.4454he's lying 😂
This is amazing. “How to build wealth”
The first step to building wealth is figuring out your goaIs and risk toIerance - either on your own or with the heIp of a financiaI pIanner, and foIIowing through with an inteIIigent pIan, you wiII gain financiaI growth over the years and enjoy the benefits of managing your money.
I am fortunate I made productive decisions that changed my finances (gathered over 1M in 2years) through my financiaI planner. Got my 2nd house in Feb, and hoping to retire soon. Give this a try and attain good-returns.
researvh this in fuII, if you care.
l’m amazed to partake on this, lt has rekindled the fire to my goals.
good stuff, deserves all attention
It's funny how we are all so afraid of investing money, and yet, we happily leave it with banks who actually invest (and risk) our money and keep all the profits (while charging us for the privilege of holding our money with them)
Agreed
Very well stated.
Banks can spread the risk.
@@FeyR1908so can you. It's called diversification. Don't pick stocks.
i only use my bank to pull money out and spend that money to make more and repeat 🤣🤣
I’m 25 years old, zero debt, living my best life. I set up a retirement trust fund when I was 17. I’ll be able to access it when I’m 60, and it will be a million dollars. I don’t get how these people can be so irresponsible. Save now people.
Sounds like you had great guidance. Good job but understand not everyone is fortunate enough to have that
Amazing. How were able to set up all this up at 25 years old?
i was able to achieve this through my financial planner.
can you point me to your financial coach
Google her up Becky. lou gordon
So saving to invest in yourself and new businesses is worth saving for. Specially if those businesses have a higher return than investments into other’s businesses And stocks ? And saving a cushion to keep ya afloat when starting up. Sounds good.
The average workers take home pay was around 450 euro in 2006 for a 40 hour week in Ireland. Its still roughly the same today in spite of 28% inflation since 2006. if this doesnt convince you to invest, nothing will
It'd convince me to leave the place and move to greener pastures.
The average salary in Ireland today is €45000 a year pre-tax
Not correct, it 45k, €450 a week would be 23k, which is half the national average.
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@@sesameseedbar8853 Well if we look at USA they are now earning 20% more money in real value then they did in 1980 but the houses are costing 5 times more so... there are no greener pastures - being a worker is the worst you can do with your life.
I wasn't financial free until my 40’s and I’m still in my 40’s, bought my third house already, earn on a monthly through passive income, and got 4 out of 5 goals, just hope it encourages someone's that it doesn’t matter if you don’t have any of them right now, you can start TODAY regardless your age INVEST and change your future! Investing in the financial market is a grand choice I made.
yeah investment is the key to sustaining your financial longevity but venturing into any legitimate Investment without a proper guidance of an expert can lead to a great loss too
wanted to trade, but I got discouraged with the market price fluctuations 😊
Can you recommend a guide for me?
If only you knew about capital gain, then you would not have bought 3 houses... selling a house that is not your first residence is not tax free... not to mention all the fees involved.
@@LindaAnnabel-rs1qs No... there is nothing about it special. You buy low and sell high. Unfortunately with stocks, you need to know when to buy and when to sell. So if you don't have the heart solid enough, then just buy index funds.
My dream was always to work in a Hospital and to contribute towards saving lives and I have been blessed to be working for the NHS for over a decade now and would much rather choose that life than to be financially free.
Having to earn a living to survive and in helping to save lives is what gets me out of Bed in the morning at 4am and it's what makes me happy and brings me so much Peace.
The pleasure of helping others is priceless as you probably know with all the help and advise you give away.
I am not after trying to escape the System or give up being a Cog in the Wheel as the NHS is in need of Staff to keep it operating and the same goes with all the other important public sector jobs that need to be filled in order to serve the Society.
Hard work for a good cause is something that is priceless.
Suppose if that is the way you justify being poor and dependant on the system yourself fair enough! 😅
If you have something to look forwards , its all good. Only few lucky or smart people can live like that.
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You can invest a bit as well 😊
Hello, everyone! Ever since I started following channel, I've been a part of this incredible community of investors for some time now, and it's been an incredible transformation for me. We're not just here to make money; we're here to support each other, grow together, and celebrate every step toward our financial dreams. Amid the global economic crisis, This is the right time to prioritize diverse income sources independent of the
government. Explore investments like stocks, gold, silver, and digital currencies for stability despite challenges.
Hi Mark, thanks to your videos I started investing in index funds around 2 years ago, depositing some of my wage each month, now have around 8 thousand pounds which may not seem like a lot to some but for me it’s huge and I’ve never been able to save more than a couple grand before. Also a few hundred pounds in the green so already seeing the benefits of investing compared to regular savings accounts getting 1-2%
Hello, just wanted to ask for some advice. I wanna get into investing instead of working in the sun all day, what are some tips you could give me for starting up.
I get 6% from my savings account so you need to switch your providers buddy
My savings account money has beaten my investments for the past 2 years, the market has been shit
got my money in a 6.2% savings account
@@jimtheburrito4080 what provider do you use to get 6%?
The line of poverty has never been broken in my family and I'm fed up. I don't care how long that I have to work, I need to be wealthy. At this point it isn't an option because my life and the life of my family practically depends on it. I have so many ideas, I just don't know how to implement them. I've swallowed all of my pride and I'm willing to accept that I don't know anything about wealth. I want to be an inventor and businessman but I need money to start. Any help is better than none.
Read books. Lots of books.
Follow the business man Masa Son of SoftBank.
S&p 500 etf, a volatile high dividend single stock, a technology Nasdaq related index fund, money market for my idle cash, gold, and silver is were my money goes. This is pretty conservative compared to what some do. I have some cash on hand so I don't waste the gold and silver dealers time. I put money into education for expanding my skill set and tools I can get a good roi on. It felt weird at first but now I like looking at the numbers on a screen a lot more than when it was in the bank. I get bigger return for investment from my skill set.
3 - 6 months (probably 6 - 8 months in these uncertain times) of savings in a HYSA, maybe split between a money market fund in a taxable brokerage and multiple HYSAs. Liquidity is important if you temporarily lose your job and want to avoid tapping into your retirement accounts and being on the streets. But to each their own, I guess. That's just how I do things.
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From the time we started working in our 20s, we consistently saved more than 50% of our after tax income, but it's investing our savings that helped us retire in our 30s.
Wow that crazy I wish knew something that cool 😮
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I look at all my screens with numbers in different apps and think they're just that - numbers. Be it money or be it amount of stocks - numbers in some database somewhere. We don't even carry much cash around these days. My friend's bank account was blocked for some reason and now he can't buy groceries (probably temporary, but still). It's scary how easily all of your "digital wealth" can be taken away.
Thanks....a great video to show my family & friends who don't get the stuff I have been warning them about!
Keep up the great content sir!💪🏾✊🏾👍🏾
Great advice Mark. Thanks for putting all these gems 💎 of advice out there.
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short but very informative and understandable, i like the channel for that
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Something that I listened a while ago, and still resonates with me:
“Why would you *save* money, when the Federal Reserve *its printing more money* than ever???”
Because it causes inflation and holding cash loses money during inflation.
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Thanks for the video uncle Mark
Great video!
100% correct about money being a tool.
The only money I save for bills, emergencies, or for very little discretionary spending.
Otherwise, the rest goes into my brokerage/roth ira/401k. I was putting over 50% for investment when I started in my 20s, and saved the rest for improving upon myself and learning skills/things outside of my comfort zone.
Now in my early 30s, over 75% is invested, 15% saved, 10% for spending. Discipline of emotion, patience and learning skills, buying pullbacks, buying when there's a lot of panic will get you ahead of everyone.
Good luck to everyone out there.
IRS and Wall st own your 401k
I buy nice cars. Cause I'm gonna enjoy my life. Well also cause I'm 25 with 60k in stocks and cbf buying a house lol
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Mark, i want to thank you for the videos u post, what you teach us, and for opening people's eyes!
Hey Mark, Tango Ice Blast is very nice, especially if you mix the pink and blue one together, full of sugar but nice once in a while
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Focus on yourself before investing. it will make you earn more money and will make you a better person
Invest into yourself, but also invest money to generate more money too. Ofcourse, first learn about certain investment, because its risky and if you know nothing about whatever your investing into your gonna loose money.
you are god damn right
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I live by the time in the market beats timing the market. I dca whenever possible into my holdings and if none are on sale or in the red, I add to my SCHD.
Mark I just wanted to say Thank you. I'm so grateful for being able to see your videos. Your work is incredible and as a young man I have plenty for learn from!
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I’d love some advice for some of us who are getting a late start. Beyond our 20s or 30s. Thanks.
When I was a kid in 2001, £1 could buy me about 3 chocolates and a packet of crisps. Today, one of the same chocolates (which is smaller in size by the way) costs more than £1. Hence why I don’t eat chocolate anymore
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Focus on the acquisition of capital!
Im diversifying my portfolio of stocks, not huge one's yet, MGM, ATT etc. However its a start, building up dividends also because residual incomre is also nice
thats why bitcoin went up so much in price, its independent from governments
The way variable interest rates are atm, I am stacking money in an offset account. Wish we had fixed rates for 30 years like America…
6% guaranteed savings and you don’t pay tax on money saved.. vs earned… so you would need a 8%+ return to beat taxes atm
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Thanks very much for your honesty. 🎉🎉🎉🎉🎉🎉🎉
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In terms of saving cash/cash equivalents, where do you land in terms of emergency fund amount for the average person? Is this number/ratio different for someone who has reached financial freedom?
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Could you please make a video where to buy gold and silver?
Love the way you say Caribbean Mark!
I have a question that NEEDS to be answered. IS investing in stocks more profit and more safe?
Depends. Definitely not as safe but if you invest in something more conservative like the SMP 500 then historically your guaranteed to make a profit.
@@uriah777 ok ty
No, because you can lose money in stocks. You might as well buy lottery tickets
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lnvesting in the stock market has historically provided higher returns than other forms of investment with the average annual return for the S&P 500 index, being approximately 10% over the past 3 decades. I'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.
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 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.
I’ve actually been looking into advisors lately, the news I’ve been seeing in the market hasn’t been so encouraging. who’s the person guiding you?
credits to LEILA SIMOES PINTO, one of the best portfolio manager;s out there. she;s well known, you should look her up
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.
Thank you Mark! I watch all your videos with my daddy! 😊
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Excellent content as always!
It would be great to have a video about building side hustles and Business over an existing business. I have a photography media business and look to find how I can expand the business for more passive income and other services to my current business
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Great content as always Mark, so grateful I found you almost 3 years ago. You changed my perspective on everything and completely changed my life.
Thank you!
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It's been said that's it's better to be born lucky then with money. If you're lucky you'll make more money but if your unlucky then you'll lose your money.
Hi Mark! Does reading books benefit you one way or another? If i read a book about money, or bussiness or basically anything else that offers me some sort of information, would that benefit me and make my mind sharper? Love your lessons.
It does boost ur knowlegde. But if you don't do anything with that knowledge, it doesn't rly matter how much you know, nothing will happen.😅
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It's best to know everything about everything to anticipate events and developments to help you choose investment opportunities. Read everything. The Big Guys, Buffet, Gates etc, read for at least 4 hours every day.
I appreciate your videos and wanted to let you know you influenced me and the younger generations to start investing!
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Success depends on the actions or steps you take to achieve it. Building wealth involves developing good habits, such as regularly setting aside money for sound investments.
I invested with Jason, i make about a 30,000USD every month.
WTH man... I became a millionaire after barely 12 years of employment...
My home is fully paid, I have a pension plan and my retirement accounts are maxed out and I was lucky to make some good investment. I will probably have around 3-4 millions at my retirement age. Dave Ramsey is right on that, pay your debt and move on.
Thanks for your videos Mark, I find them really helpful.
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i agree with this..
First of all, thank you for the great content in all of your videos. As a young man who tries to build a revolutionary sport betting app, it would be a dream to get in touch with you. Can't imagine getting a more valuable advice from someone else.
Hi, if you join my Discord which is free, you will be first to here of any new news or ways to chat. Good luck my friend. MT 😎🇬🇧
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This is a great video letting us know that we should probably take more risk with our money but I'm unsure how to find such opportunities. I don't value the idea of randomly throwing money around hoping something works out. anyone want to share ideas?
Not sure if this helps but I just turned 18 four days ago and I just opened up my Roth IRA and gonna start investing into the S&P500 index fund through there. Better to start and learn as you go then just not do anything at all, just start!
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Save money for emergencies only. If you rent save 3-6 months rent, utilities, car insurance, food and phone. Same if you own a home.
Just got off the phone with Graham Stephan. He said this, "Hey Brian, yes I'm aware of Mark's stance on savings. I own a bank for God's sake, I'm big balling obviously. So your best strategy for wealth is to eliminate debt and save your money in high yield accounts. That's basically it. Find a job or create a business that pays a lot. Oh and all you need to find is one valuable property to buy, and that's basically it, you'll be a millionaire. Now, finding a good woman to drop to her knees and service you with her fun bags, that's a question for another content creator." Thanks Mark T and Graham Stephan 👍
solid advice 👍👍
ㄒＥ乂ㄒ⌕ＭＥ±𝟭𝟮𝟭𝟮𝟯𝟰𝟳𝟬𝟳𝟴𝟲👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻💬💬㊍㊍㊍㊍㊍
Hi Mark, I want your advice on which website (platform) is best to invest? I saw another video of yours that mention Vanguard, that was two years ago, do you think this is a good platform to start as young investor?
Hi mark, just curious to know if there is an age where investing becomes a bad idea, say like in your 50s/60s but with some savings in the bank? What should older people do with their savings?
some people in retirement put all their money into a 60/40 portfolio 60% stocks and 40% bonds. With a 4% withrawal rate the money should last 30 years+
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I started investing at 58. It's definitely worth it.
@@jillybe1873 can I ask what you invested in? I'm clueless with this stuff.
Thanks dude!! for keeping us financially Educated!
As a man, if you have solved your financial problems you have solved 99% of your problems.🎉
Complete nonsense.
When I was 22 and the recession hit I started investing almost every penny I had into property in the UK. I cashed out during COVID when prices were high and retired at 35 and now living in France. All I did was check which postcodes were seeing the biggest growth and bought in those areas (where I could afford), plus a little TLC on each property and luckily I saw big returns on each property. I didn't even need to buy many because the growth in the postcodes I picked alone was excellent.
Brilliant. You're a winner!
If you're broke, invest in yourself.
If you want a better life, invest in yourself.
If you need more money, invest in yourself.
Hi Mark :) The link is not available in USA do you have another suggestion where to invest? Love your videos🙏
Don’t use his links :p
You’re in the US. You have the easiest access to equity markets and in ways that are designed for low risk, low skill. Start there!
ㄒＥ乂ㄒ⌕ＭＥ±𝟭𝟮𝟭𝟮𝟯𝟰𝟳𝟬𝟳𝟴𝟲👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻💬💬㊐㊐㊐㊐㊐
I got the point of the video, but... What if I want to save up for something? 🤔
And let's take the investing out for a bit. I know how important it is and all, but can one save up for something they want to purchase? It's like they do hoard their money, surely, but then they use it anyway.
Yet again, just a general question - I understand the importance of investing.
Hi, if you save for something that when you buy it, it becomes an asset you are on the right track. Buying for cash or card then paid off at the end of the month is so much better. Who would buy a car for double what it’s worth? No one, but when you buy on credit this can very often be the case over 3-5 years of payments. Good luck my friend. MT 🤠🇺🇸
The big problem is capital gains tax at 20% on the increase value.
You can use a tax free Isa
Thank you for your videos, certainly am learning to think more about how money works. Do you have videos for the UK viewers? Thanks
ㄒＥ乂ㄒ⌕ＭＥ±𝟭𝟮𝟭𝟮𝟯𝟰𝟳𝟬𝟳𝟴𝟲👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻💬💬㊐㊐㊐㊐㊐
ㄒＥ乂ㄒ⌕ＭＥ±𝟭𝟮𝟭𝟮𝟯𝟰𝟳𝟬𝟳𝟴𝟲👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻💬💬㊐㊐㊐㊐㊐
Thank god us young people have you as a guide your advice is helping me a lot i moved out invested put my life in my own hands now ill try to slowly rise to my first milion thanks Mark❤
Hi David, good luck my friend, you are already gaining on others. Keep up the amazing work, you’re a winner my friend. MT 🤠🇺🇸
Good luck 😂
Pozdrav, zanima me samo cime si se poceo bavit, malo je teze kod nas na Balkanu sto se tice mogucnosti
Saving your money is only part of it.
You do need to save money in order to put a larger sum towards the assets mentioned in this video.
You save in order to have seed money to put your in mm accounts and quality stocks.
Hi, that’s 100% what the video is about, as soon as you are debt free, have an emergency fund saved, then stop saving and start investing in yourself, a business, index funds etc. But just saving will be a long long road. Thanks for watching. MT 😎
Very good although people need to make the clear distinction of what money actually is.
By calling this fake money money it's just playing into the scam.
Fiat is not money it's currency. Money is all the things a currency plus the key one. Must be a store of value over long period of time. Fiat does not meet this definition in fact the complete opposite fiat is a lousy store of value
Hi Mark, what are your thoughts and opinions on whisky Investment? It offers high returns and is tax exempt. I bought a cask last year and I was wondering what an establishment investor thinks about it. Thanks
I love the way you talk
Hi, how do I invest, I’ve no idea ..
Hello Sir,
I scanned the QR code from the link given in description to download the app but it says item is not available in your country.
Could you please suggest some alternate app ?
ㄒＥ乂ㄒ⌕ＭＥ±𝟭𝟮𝟭𝟮𝟯𝟰𝟳𝟬𝟳𝟴𝟲👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻💬💬㊍㊍㊍㊍㊍
I always wanted to know why some people say careebean while others say care bean 😅
Thanks ol’ chap 🙂
Great video.. and a nice way to put it.. ❤ subscribed..
Should i pay off the remainder of my student loan before focusing on investing
Yes, have no interest debt. Then what you have is not servicing that debt.
Even if the interest is the same as inflation. Have as little debt as possible. Invest the interest payment then it makes money.
Get rich telling people how to get rich. Every man and his dog are doing it.
Arent they just, chasing the dragon.
@@crimsonpirate1710what dragon
Finance CZcamsrs making money just talking about the news and economy. Smh. I don’t watch unless I know their opinions are truly unique.
Want financial freedom? Start a CZcams channel about financial freedom!
He's right though
The recession is here, mortgage rates still on the rise with higher imports and lower exports, yet the Fed is to lessen cost. Where do investors look at now for wealth gains? something will eventually break if they keep raising interests and quantitative tightening.
But this applys for persons that lives in other countries out of America?
ㄒＥ乂ㄒ⌕ＭＥ±𝟭𝟮𝟭𝟮𝟯𝟰𝟳𝟬𝟳𝟴𝟲👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻💬💬㊍㊍㊍㊍㊍
Ur the man mark im so glad you went on fresh and fit i love ur vids and i found you through fresh and fit
I work hard for my money, I know about inflation eroding savings but I just cant risk investing.
Hi, don’t give up on the idea of investing, just keep watching and learning, eventually you may want to takes some small steps, my next video is about index funds, these are seen to be one of the safest ways to invest. Thanks for watching. MT 😎
Unfortunately the thing's you say are not usable in my country.
Country like mine that have 300% inflation are nightmare plus you get awefull salary like (100 dollar a month for 9 to 5 job's).
What would you do in this situation?
I would move if its possible
Hi, I think where ever you live, this is the best time to be on earth. I understand that you’re geography can be a huge disadvantage but if you can flip it into your unfair advantage then you can win. I’m personally dyslexic, I don’t think of this as a disadvantage! It’s actually my super power because it gives me the ability to solve problems fast. Find your super power my friend, everyone has one but maybe only 10% find it. MT 🤠🇺🇸
@@marktilbury Hi ... you actually replied it mean a lot to me.
I know what are my abilities but still didn't find a use for it unfortunately.
i always tried to see that like you said and im sure one day i will make my dreams because from all those people who are depressed and hope less and blame any one and anything for their miserable life i think like you said i have good chance. i even learned English by myself and actually can use it to communicate with pepole in irl or in internet.
I wanted to say im really grateful for that and thanks you again.
The day that i make it i will massage you and give you the details of what happened in that process. :)
@@entorid6902 it's not possible because of law down here if there was no law still really hard to do and need a lots of saving
Maybe consider dropshipping, little cost to start up but of course lots of work, with 100 per month u prob need to learn to make your own ads for your winning products since daily ad fees probably eat like 10% of your monthly income everyday. Do a proper thorough research though before you go in to try and sell a product you think is a winner.
You can dig deeper into CZcams and learn more about it, but do your own due diligence to sort out the fluff and the real stuff meanwhile
I earn about £60 k and my missus around £45. I dont need more. Im comfortable and safe and content. The real rich is being happy and content. Look for what makes you really happy rather than what society percieves making someone happy.
Hi, that’s fantastic you are happy, I hope you are also putting away a small amount into an ISA because one day one of you may not want or be able to work. Happiness is the most important thing but making sure you can stay happy is also up there. MT 😎
This video is a perfect explanation for why Bitcoin is the future.
ㄒＥ乂ㄒ⌕ＭＥ±𝟭𝟮𝟭𝟮𝟯𝟰𝟳𝟬𝟳𝟴𝟲👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻💬💬㊊㊊㊊㊊㊊
The financial crisis should have been avoided by the mig fee why did this not get mentioned at the time. I knew my mortgage lender very well so avoided this fee and was not a sub prime lender. I said if the mig fee is to protect the lender on loss they should pay and they took it off. I can't be the only one but I can't have been in the majority either so why did this occur?
Hey mark, what are the best high income skills to learn at 14?
HMRC are looking at taxing fractional shares within an isa . Uk 🇬🇧
ㄒＥ乂ㄒ⌕ＭＥ±𝟭𝟮𝟭𝟮𝟯𝟰𝟳𝟬𝟳𝟴𝟲👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻💬💬㊍㊍㊍㊍㊍
My IRA's performance is 1.3% for 2023. I have money in 2 separate on-line bank accounts, both bringing in over 4% WITH ZERO RISK. I've made my choice.
Hi, There will always be good a bad years with investing, most banks have only just started giving more interest plus you will get taxed on that. Long term investment is the key to long term wealth. Good luck with whatever you decide my friend. MT 😎
Would working a job while at school, investing part of the money and saving part of it for university for a high paying job that you can learn skills from to become self employed and starting a business a good idea? edit - I'm wanting to become an architect as I'm naturally skilled at design drawing.
you dont need to go uni to start learning those skills invest the money into learning skills now there's so much available online, a lot of it even better than what universities can offer too
That’s a great idea, particularly if you aim to start a firm based around serving clients aka a service based business or “consulting”. A university degree backs your knowledge and experience in the industry and will obviously give you enough information to know how to start serving clients. If you’re in business and law or even computer science, these industries are good starting points to become self employed.
Skip university and the student debt
why?@@timsimon8995
I'm getting my degree at a low cost polytechnic and doing the rest at uni and i will be working part time as well.@@timsimon8995
Please explain this simply for those of us that don’t understand this language. No abbreviations just simple explanation
It's not about saving it's about making enough money cash flow
Facts u are always going to be competition with inflation as u will still need to buy things if u are doing this system of saving to become a millionaire which again will never happen
On the Podium!
buy gold and silver, not paper
Taking the first step is the hardest, but 6 houses later living off passive income. You’ve got to start taking steps to achieve your goal.
@@AmySwede-oe3iu Bought a good cross section of an economy, Built a diverse portfolio that i am attached to and keeps me motivated not following the crowd emotionally, Sped up the process where possible i use an FA, side hustle, reinvest, i do etf's, bonds, coins and stocks. After my first million I realized that when a stock starts booming chances of you finding out means you are quite late to the party, for this I make sure my CFA handles that, it's like turning your notifications to earn more millions.
I'm currently stuck in Romania and the prices for electronics is nearly double for things like the steam deck.
But I can't tell if theirs a market.
Also with gypsy's everywhere getting scammed or killed is quite High.
How do people make money in hell?
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Excellent again mate !!!
Your spoiling us
not for nothing… all the gold i have bought has kept up or ahead of the inflation
When all CZcamsrs are promoting investing, hoard you cash people!
This man is the Sr. andrew Tate when it comes to both of their monetary beliefs and abilities
Also I plan on learning to make websites to sell to small businesses without websites in my area, the comps are all over 1k, and I can make a basic one for $500 for the companies that just want something up to look professional but doesn't need something custom
its funny, cause Ive been following this way for like 4 years and Im the happiest person Ive ever been, money is a tool, ppl need to understand that it needs to flow on the most valuable things all the time, it helps both the ppl and the banks. cryptos was designed in this in mind since the beginning.
I have sufficient savings but i am too afraid to be investing. I'd rather keep it in the bank and be safe than risk it all. I come from a working class background and have been fortunate to save up having gone straight to work after leaving school.
I know it will be a flip of a dice or the lottery if i was to invest the money i've saved. I'll try to get a house and then decide what to do with the rest.
If you don't want to invest atleast let your money sit in a CD which is insured up to 250k and get around 5 percent a year. Otherwise your money is just losing it's value every year and you are getting poorer.
Put it in an ISA index fund?