WARNING: 5 Shocking Investing Mistakes You're Making Right Now! (Stop Before It's Too Late)
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- čas přidán 16. 06. 2024
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Our Rich Journey - WARNING: 5 Shocking Investing Mistakes You're Making Right Now! (Stop Before It's Too Late) - Are you unknowingly sabotaging your investment portfolio? In this eye-opening video, we uncover the 5 most common investing mistakes that could be costing you dearly. From prioritizing overconsumption to lacking motivation, we'll reveal the pitfalls that many investors fall into and provide actionable tips to help you avoid them. Don't let these mistakes jeopardize your financial future. Watch now and take control of your investments before it's too late!
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I found Our Rich Journey when I was 21 and leaving the military. I was living paycheck to paycheck and had a negative net worth. I took 6 years and built the habits up from what they have taught and now I'm sitting at a NW of 250k+ It has changed my life! Can't thank them both enough for all of the knowledge they have shared! Thanks Amon and Christina! :)
Wow! That is FANTASTIC!!!! Congratulations!!!! I’m so happy to hear that you pursued a path of financial literacy and the results have been so great!!! Thank you for sharing that with us!!!!❤️
@@OurRichJourney
Yeah! :) small changes compound into big ones with the right habits! I make sure to tune in every sunday at noon for another video from you both!
Thank you for all of the videos, I still house hack to this day, live rent free, and a lot of what motivated me was watching all of your videos from your time in Japan and California where you had property! It's been great to follow your journey as well! Love the growth and the videos :)
That’s what’s up. Hope you follow the passport bro mind set too. And get out of the matrix with your money and live like a king. Lol… not sure if you are male or female 😂
Your next $250,000 will come 50% faster. KEEP BANGIN'!!!
❤🎉
Christina is back 🎉
Yes!!!!❤️🥰❤️
Such a fan of this page. I’ve learned so much 💜
The number one thing stopping people from building wealth is not paying off debt.
Well said
It depends.....if you have debt with 2% interest in a period of time where inflation is at 5% and fed rate even more.....then you effectively getting paid by having CHEAP debt now, which you will payback in future with even cheaper inflated dollars back. It depends on the perspective. Capitalism works ONLY on credit, so without debt the system wouldn't work. It would be another system, maybe less corrupt and criminal, but definitely a different one. In the actual setting in US, having cheap debt is almost better then the best investments out there. :)))
Thank You for Very honest and deep thought process that you learned from your experience. Also I think it is character building process while you are building the compounding engine
Learned everything I know from you two and passed that info to my grandkids. Thank you!!!!
That’s so awesome!!!! Thank you so much for sharing!!!
Christina & Amon - yet another gem! Thank you for all the amazing content you continue to create! Hope you have a great Sunday!
Have always luv you guys...Thank You!!!
Thank you so much!!!❤️
This was an exceptional video!
I love his channel!!! always vital jewels being shared.
Thank you so much for all the support!!!!
So helpful! Never thought of using a bit of profits and enjoying the heck out them. Great motivator!
Thanks for sharing this.
Thanks for watching!!!!
As always, it's an amazing video!
love your videos!
Nice video thank you so much for the advice and inspiration! It has helped me a ton!🙏🏻🙏🏻👍🏻
I took an investment class and my mentor told me to check out your channel. It's been a great educational experience. Thanks for shaaring your journey. Following yourr lead.❤
I absolutely love this channel!!! Thank you for sharing your experience and knowledge with us.❤
Thank you so much Amanda!!!❤️
Christina & Amon you all are truly gems in the FIRE space thanks for giving hope! 🥰
Great video!
Hi friends, so nice to see you! Can you please prepare a video on how to read corporate dividend payment schedules? I find them so confusing.
So far the best vedio.
Thank You
Love you guys 💗. You changed my life 🎉. Thanks
Great video!! I am invested in Navidia as well and was contemplating taking profit rt now cuz I sense things may be ready to crash but also its at an all time high.... Thoughts?? Thx! Also what is the best 3 index or funds recommended at Fidelity for 60 yrs old? need growth but stability too! Took your curse on 2020 was outsatnding, wondering if anythings changed....Thank you!!
You two continue to inspire me❤❤
Excellent video Team
Great advice!
Thank you!
Hi, thanks for the great video. Are you guys still invested in VGT? I invested in VGT 3 years ago but thinking about selling it back into VTSAX. Any thoughts?
Love y’all ❤
Awesome video!!! Have a question for you guys, correct me if I’m wrong but if you enjoy your invested money for buy a car u have to pay taxes for withdrawing that money right?
One thing I'd add from my own experience is the importance of diversification in investments. It's not just buying some multiple stocks, but spreading your investments across different asset classes like stocks, bonds, and real estate, you can reduce your overall risk and potentially increase your returns. It's a strategy that's served me well, especially during turbulent times in the market. Helpful Content!
Thank you Aman & Kristina! My husband & started our financial literacy after stumbling on your channel 4 years ago & you two have been such a blessing! I’m comfortable & confident with investing & thanks to both of you we have had a significant growth financially! May God continue to bless your wonderful family!
Do you have advise for retired seniors with fixed incomes? I have some savings and really need help deciding where to invest that is relatively low risk.
Could you make a video on deciding how much of a down payment and how much of a mortgage payment to aim for based on income? (The trade off between higher down payment and lower mortgage payment)
BRAAAAVOOO TO YOU!!! Muitos Parabens!! I so admire your gumption and adventurous spirit! I love Lusitania and can't wait to go back!!
Love your videos!!
Is reinvesting a good way to grow wealth ?
I just love listening to the both of you. 😢I hope to meet you guys someday.
Hello ORJ,
I just got to know about your channel from Facebook and I really appreciate all you're doing to educate your followers on financial literacy.
I have a question: Can a foreigner (Nigerian precisely) invest in the U.S. Stock Market? If possible, would you please point me in the direction of any helpful information?
Another amazing video, living life through your profits. MOTIVATION! enjoy bali !!!!
🇮🇳 Enjoy your trip and as usual thank you for sharing and teaching financial literacy ❤
Thank you! 😃 We are heading out tonight!!!
When you say that you've retired early, are you taking distributions from your taxable account? Living off of dividends?
Yes!!! Everyone should be ACTIVELY INVESTING! AND HAPPY TO SEE YOU GUYS ONCE AGAIN. ❤
Totally agree! And thank you!!!!❤️
Thank you for shedding light on these common investing pitfalls! It's crucial to be aware of potential mistakes to safeguard our financial future. This video serves as a wake-up call to reassess our investment strategies and make informed decisions. Great content!
I didn't have the financial literacy in my 20s to understand the importance of a 401k or Roth IRA. I was never taught things like investing but I'm glad I found financial channels that have taught me to be better with money
Love u both
Aww! You are too sweet Dionne! Thank you!!!!❤️😘❤️
Could you comment on investing in retirement? I live on Social Security-and have a few dollars leftover. Do I have time to build a portfolio? Thanks. M
Studied the terminology of the stock market for 2 years and then jumped in. The greatest decision I made. Did I make some mistakes? Yeah, of course it's part of learning something new.
This guy told me on Friday that he has money saved but doesn't know what to buy (in 2020, he lost big on chasing the trend stock). So, I told him to research ETFs and REIT stocks.
Most people do not want to put in the work to learn about something that's beneficial to them.
I like the part about it being a lifelong learning tool!
Awesome video, invest to build your nest. Thank you
How are things going in Lisbon? we need updates
By the time you hear about a good investment, its already too late. Buy/hold broad market index funds and sleep well knowing you're beating 95% of investors over the long haul.
I would just like to say THANK YOU! You guys are out here really making a difference in people's lives. Much continued success, God bless. Also, yall need to change your name from " our rich journey ... to this journey is oooon Fire!🔥📛😅🎉
Great video 🙏
Fun fact: my last video was about the first lie/misconception that you mentioned today 👌
Thank you as always.
There’s one point I don’t understand though: why selling some Nvidia when things are going so well? One if the rules is to never sell. Thank you.
Thank you! Great question! It was actually very important for us to sell - not just to enjoy the profits but also for rebalancing purposes. ❤️
The first thing to do is not to have money going out such as ANY type of NEGATIVE flow such as LOANS personal Auto Loans....Nip it in the Bud.....This will help in keeping money and developing a habit of managing a positive Flow ......
Yep, people ask me to invest their money for them. I am like - this is your money, don't you want to learn how to manage something you work the most hard for?
Great response!!!!❤️
Checking in from the DMV.
Hey there LaShawn!!!! Hope
You’re having a great weekend!!!
I am 34 and just made my fisrt investement of my life !!! I am so excited !!! Hopefully reaching FI in 12 years at 46 🍀
What platform do you recommend for beginner investors??
all the broker platforms that arent for professional trading are going to have pretty much the same functionality. i opened my first brokerage account with schwab and no complaints. you can do a little research there may be slight current advantages/disadvantages between brokers based on fees or interest earned on uninvested cash in your account. selecting good assets is really the important thing
Hi, I currently have a 401k through work. What do you mean by enjoying the profits and dividends? I thought if I take money out I would be taxed. If not how do I go about that?
Thank you for always sharing these gems with us. I am new to the investing world and lingo in general.
You’ve done many smart, small things that add up👍
Skip Bali, go to the other islands. Won’t give you the other spots here🤔😆. You’ll find them.
Thanks for the tips!
You're inspiring me to grow my confidence on investing myself sooner than later. I am currently using a very good and trustworthy financial advisor but two years from now (or sooner) I will shift to doing it myself and change my relationship with my advisor into hourly fees or per project fee versus my present agreement with him of 1 percent of my total assets. I chose this strategy at the moment because of the major life transitions I am going through. Once more things get settled down emotionally and mentally, and I have educated myself more in investing, I will manage my own investments. Your video has inspired me to envision this reality a true possibility and has given me so much confidence. God bless you and more power to you. Thank you again for sharing your knowledge with us.
I buy $5 fractional shares using Fidelity.
I wonder if it's too late to invest buy Nvidia?
🔥🔥🔥
😀😀😀
Do I sell my kids index at all time highs or just keep on investing monthly up or down until they’re 25?
Keep investing! Get more conservative closer to the time your expected to use the funds but keep buying through thick and thin.
It depends on what your goals are. One thing to note, however, is that it’s not possible to predict if the market will keep going higher before it dips. Good discussion about investing to have with your kids! ❤️
Hi There 😊
Hello Danelle! Hope you’re having a great weekend!😊
Not too late for BTC.
Enjoy Bali
Thanks Danelle! We’re flying out tonight and it will be our first time there! We’re super excited!!!!❤️
Hi again
Hi there Brian!
Please Any specific guide. I'm from Australia how do I go about this? I think I'm interested how can I get in touch with mrs Rose Carlos?
She looks like a sweety pie and very kind person!
Did you go through a financial advisor or did the investments on your own?
Hi
Hi! Thanks for watching!
I'm in debt making low income. No emergency fund and a budget with more days in months than money. Hugs to myself. I'm going to do better.
Heyyyyyy guys.....
Hey there Maria!!!❤️
Can y’all make a custodial account video I’m trying to help my mom open an account for my baby brother
Is it too late to invest.? I’m in my mid 70’s.💚
Nothing wrong with a high yield savings account. Just saying
BOOMERS: invest? invest for what? thats what social security is for. just save for a rainy day.
Gen X & on....LMAOOOOOOOO
😂😂😂
😊
Not learning from your mistakes is the biggest mistake
Savings accounts these days beat inflation by almost double.
Not that investing can't beat that but the idea of losing money just cause you save it is just not facts
What is the Market's Projection for 2024?
Hello beautiful couple
Hello 😊❤️🥰
We are going to open custodial accounts for our kids... We never knew they existed until we saw the videos you made with ur daughters
Compound Interest.. It's the 8th Wonder of the World. Those that understand this, EARN COMPOUND INTEREST.. Those that do not understand this, PAY COMPOUND INTEREST -- Albert Einstein (Physicist)
Ok, WHERE were you in that bath tub with the incredible view?!
are you guys Sac Kings fans? lol
Are you rich 💰?
In 2024,don't set new year financial goals without consulting a financial adviser.there expertise ensure a solid plan for success.Building wealth involves developing good habits like regular putting money away in intervals for solid investments.