Biggest financial mistake I ever made was with my 401k. My company had a Roth 401k when my kids were in college, but I didn't actually start contributing until year 3 of the 6 years I had kids in college. Because I was helping them with expenses, I was entitled to the tax credits, so my effective tax rate was extremely low. That is the time you NEED to be in a roth! i still retired with about $350k in my 401k.
@cowell6217 күн бұрын
In my opinion, some financial situations can be handled on your own if you research enough, while others are best navigated in consultation with a financial advisor
@StacieBMui7 күн бұрын
Agreed, the role of advisors an only be overlooked but not denied. I was shocked that I made more money with investing than hard work, not even my CEO income. Earning ''return on investment'' fetched me millions within a space of 5 yrs.(But I still enjoy working)
@StocksWolf7527 күн бұрын
Could you possibly recommend a CFA you've consulted with?
@StacieBMui7 күн бұрын
Her name is Sonya Lee Mitchell can't divulge much. Most likely, the internet should have her basic info, you can research if you like.
@crystalcassandra55973 күн бұрын
I looked her up, and I have sent her an email. I hope she gets back to me soon. Thank you
@chengao699410 ай бұрын
Quick tip: you can avoid all of these mistakes by becoming a low income earner
@sanitary10310 ай бұрын
Lol
@prakash.srn.1710 ай бұрын
😂😂
@dexter_F10 ай бұрын
☠️
@tristanolarti967110 ай бұрын
There’s a nugget of gold in this comment.
@nld094710 ай бұрын
Lol 😂😅😂
@c.t.u.o21 күн бұрын
I dont even know where the stock market is headed to right now. my portfolio of around 200k is not increasing more than 5% and people are predicting a crash .
@yfar56721 күн бұрын
i'd advise you redistribute assets in your portfolio with the help of a pro so you don't get burnt in the market
@Jasongonzales-4567821 күн бұрын
Accurate asset allocation is crucial, I used hedging strategies to allocate part of my portfOlio to defensive assets for market downturns. Expert guidance is vital for achieving this. This approach has helped me stay finan-cially secure for over five years, yielding nearly $1 million in returns on invest-ments.
@c.t.u.o21 күн бұрын
pls how can I reach this expert, I need someone to help me manage my portfolio.
@Jasongonzales-4567821 күн бұрын
I'm cautious about giving specific recommendations since everyone's situation varies, but I've worked with "Melissa Elise Robinson" for years and highly recommend her. See if she meets your criteria.
@c.t.u.o21 күн бұрын
I looked up her name online and found her page. I emailed and made an appointment to talk with her. Thanks for the tip
@hersdera10 ай бұрын
At the very least, I now grasp the concept of leverage. Creating wealth and financial freedom isn't as tough as many people believe. Building wealth and remaining financially stable indefinitely is a lot easier with the appropriate information. Participating in financial programs and products is the only true approach to make a high income and remain affluent indefinitely.
@RaymondKeen.10 ай бұрын
That is why I work with Margaret Johnson Arndt, who introduced me to a better Financial community, a verified agency where I learned how money works and how to create it, as well as free books, courses, and daily lectures. You also get to meet new people, which was the best decision I ever made.
@RaymondKeen.10 ай бұрын
Yeah for real, Margaret Johnson Arndt is one asset manager that gives the breakdown of everything on how things are done, joining an effective financial community can be 100% beneficial when joined properly that's all I can say out of experience..
@heidikamrath19517 ай бұрын
SCAM ALERT
@jimmyz583110 ай бұрын
Excellent video. So I fall into this topic sadly. I have averaged $750K over 25 years as a surgeon. I have lived well, very well, but only have a few million in investments. My tax planning was poor. I should have had all the money distributed with only my budgeted amount available to spend. We were paid pretax dollars and required to make quarterly tax payments as small business owners. This is very challenging since it looks like one has much money to spend. Fortunately we still have close to 10 years working (income around $600K working short week) so we are trying to put more away. My advice is to have the investment (and tax) money removed before you even see it. Set this all up with a money manager/accountant. You will become very wealthy for your older years. Make very sure you enjoy the world. We moved to Denver to play before it's too late. Live well and have a good life.
@andrewslattery214510 ай бұрын
Thanks for the honesty and advice
@leoperez673710 ай бұрын
That's a similar story to my dad's he is a plastic surgeon, but he never invested in anything and often times he thought times were going to be good, until something happened. He always rented, then there was a lawsuit, then Covid and if it weren't enough he owed money to the tax authorities in my country. Fortunatly, he no longer has any large obligations and he still has like 7 years, so he can buy a modest house in a medium class neigborhood, save a little and he will have a pension.
@alexanabolic509910 ай бұрын
I am a high earner as well, but not as much as you. Moving money before you see it is a great advice. It is only when I started doing this everything came in place
@bsetdays678410 ай бұрын
As an investing enthusiast, I often wonder how top level investors are able to become millionaires off investing. I do have a significant amount of capital that is required to start up but I have no idea what strategies and direction I need to approach to help me make decent returns
@adenmall759610 ай бұрын
Before investing, I would highly recommand you to read a few books before. Books like Common stock and uncommom profits and the intelligent investor. They will help you alot
@roddywoods813010 ай бұрын
If you are not conversant with the markets, I'd advise you to get some kind of advise or assistance from a financial/investing coach. It might sound basic or generic, but getting in touch with an investment broker was how I was able to outperform the market and raise a profit of $250,000 since Sept. For me, its the most ideal way to jump into the market these days
@hushbash298910 ай бұрын
Please who is the consultant that assist you with your investment and if you don't mind, how do I get in touch with them?
@roddywoods813010 ай бұрын
credits to Mrs Marisol Cordova, one of the best portfolio manager;s out there. she;s well known, you should look her up
@abulkalma007710 ай бұрын
I just looked up Mrs Marisol Cordova online and researched her accreditation. She seem very proficient, I wrote her detailing my Fin-market goal
@Susanhartman.6 ай бұрын
The advice in this video is valuable for the typical American. I started investing when I was 30 back in 1998. Today, I have a decent $3.7M nest egg, thanks to the careful supervision of my CFP. After learning all of this, my only regret is not starting earlier when I was 25. It may not seem like much but those extra 5 years are the most important.
@mariaguerrero086 ай бұрын
And It's not even that hard to do. Maybe too rigorous for the regular-Joe, but thats why its advisable to conduct with good market strategist.
@ThomasChai056 ай бұрын
This is why I've entrusted a fiduciary with my investment decisions. Many underestimate advisors until emotions lead to losses. My advisor crafted a tailored strategy aligning with my long-term goals, guiding entry and exit points for the equities I focus on. This has grown my portfolio to $780k, generating sufficient dividends for my household's needs.
@mikegarvey176 ай бұрын
@@ThomasChai05Mind if I ask you to recommend this particular coach you using their service?
@ThomasChai056 ай бұрын
Credits to "Gertrude Margaret Quinto", she maintains an online presence. Just make a simple search for her name online.
@CliveBirse6 ай бұрын
Thanks a lot for this recommendation. I just looked her up, and I have sent her an email. I hope she gets back to me soon.
@ShamileII10 ай бұрын
Great video and very good advice. I became financially retired at 54 and now semi retired at 56. No debt period including business. I live below my means and every day is a great day!
@cherylhills322710 ай бұрын
Managing money is different from accumulating wealth, and the lack of investment education in schools may explain why people struggle to maintain their financial gains. The examples you provided are relevant, and I personally benefited from the market crisis, as I embrace challenging times while others tend to avoid them.
@mathijswouter330110 ай бұрын
This is superb! Information, as a noob it gets quite difficult to handle all of this and staying informed is a major cause, how do you go about this are you a pro investor?
@matteoschilcher995710 ай бұрын
Through closely monitoring the performance of my portfolio, I have witnessed a remarkable growth of $485k in just the past two quarters. This experience has shed light on why experienced traders are able to generate substantial returns even in lesser-known markets. It is safe to say that this bold decision has been one of the most impactful choices I have made recently
@georgeearling90510 ай бұрын
Wow, that's stirring! Do you mind connecting me to your advisor please. I desperately need one to diversified my portfolio
@braytoncornell967810 ай бұрын
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?
@matteoschilcher995710 ай бұрын
The adviser I'm in touch with is LUCY ROSE CARTER. She works with Merrill, Pierce, Smith incorporated and interviewed on CNBC Television. You can use something else. For me, her strategy works hence my result. She provides entry and exit point for the securities I focus on.
@MillionaireHouseholdFinance10 ай бұрын
It's not about making a lot of money, it's all about keeping as much money as possible and investing it. Pay yourself first by saving a decent chunk of your income and then start paying bills. Keep doing it over and over!!
@videomdify10 ай бұрын
Making a lot of money definitely makes it easier or even more feasible to keep a chunk of your income like you suggested.
@tomaszrebowski28910 ай бұрын
It's not about any of that. It is all about living your life the way that makes you happy. Will not find it in any cirriculum or yt. Been there, spent years on CFA and other crap. Years later I live way better with way lower income.
@MillionaireHouseholdFinance10 ай бұрын
Did you pass all the 3 Levels of CFA?@@tomaszrebowski289
@theultimate3417 ай бұрын
Facts, just do what makes you happy. I spend money on lunch everyday but I also know my limits that still makes things enjoyable. @@tomaszrebowski289
@kaitlyncranwick9 ай бұрын
Making money is not the same as keeping it there is a reason why investments aren't well taught in schools, the examples you gave are well stationed, the market crisis gave me my first millions, people shy away from hard times, I embrace them.. well at least my advisor does lol
@JulieAnn-hn6rt9 ай бұрын
This is superb! Information, as a noob it gets quite difficult to handle all of this and staying informed is a major cause, how do you go about this are you a pro investor?
@StellaMaris-lv2uq9 ай бұрын
Not at all, having monitored edge my portfolio performance which has made a jaw dropping $473k from just the past two quarters alone, I have learned why experienced traders make enormous returns from the seemingly unknown market. I must say it's the boldest decision I've taken since recently.
@maryHenokNft9 ай бұрын
@@StellaMaris-lv2uq I've been thinking about going that route. I have a lot of stocks that I have maintained, but they are beginning to lose value, so I'm not sure if I should hold onto them or sell them. I feel hiring your investment coach would make it easier to restructure my portfolio.
@StellaMaris-lv2uq9 ай бұрын
*Mary Onita Wier* serves as my advisor, bringing extensive qualifications and experience in the financial market. Her deep understanding of portfolio diversity positions her as an industry expert. I suggest delving into her credentials for further insight. With her considerable experience, she offers valuable guidance to anyone seeking to navigate the complexities of the financial market.
@maggysterling332549 ай бұрын
Thank you, I copied and pasted his name on web browser and sent a email waiting for reply.
@dylananderson765810 ай бұрын
Write a book, dude. Your writing ability shows. Love this channel.
@bigslacker66610 ай бұрын
The first part of this vid is the best! I currently earn a high income and am surrounded by others who do at work. I see a *LOT* of lifestyle inflation and it's based on the idea that the gravy train won't end. Many people are TRAPPED in those jobs due to their debt load. I personally have a small house, small mortgage and try to do more saving than spending. The ultimate luxury is being set enough to say goodbye to work when YOU are ready, not when you're ready to die. ;)
@davidfolts589310 ай бұрын
Always be nice to people on your way up because you may run into them on your way down.😀
@williamyejun850810 ай бұрын
I have been a dividend focused investor for a long time. This does not mean I don't own growth stocks, I do. A well rounded portfolio should be a mixture of both categories. One way to minimize the anxiety out of stock market investing, is to make sure you keep a large cash cushion. I invest in the market, but never put all my money in market.
@alexyoung312610 ай бұрын
This is really not as difficult as many people presume it to be. It requires a certain level of diligence, no doubt, which is something ordinary investors lack, and so a financial advisor often comes in very handy. That is how people are able to make such huge profits in the market.
@jameswood977210 ай бұрын
I’ve copied trades from a licensed wealth manager over the past few years and its better than trading blindly on your own if youre an absolute newbie. It would give you a better understanding of what's happening but keep in mind that the success of copying another trader is dependable on their transparency. That's actually how I was able to raise a profit of $610K in a few months of active sessions.
@lawerencemiller972010 ай бұрын
Due to the significant dips, I require guidance in order to recover my portfolio and develop stronger tactics. Where can I find this advisor?
@jameswood977210 ай бұрын
My advisor is “Lisa Angelique Abel” I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
@lawerencemiller972010 ай бұрын
Thank you for the helpful tip. it was easy to find your coach. Before scheduling a phone call with her, I made sure to do my due diligence. Her résumé looks impressive, and she appears to be highly proficient in her field.
@Levelupmillionaire10 ай бұрын
Great Video - keeping lifestyle creep in check is the hardest part of being a top earner because other high earners are in your circle. Your friend just got that big house, boat, new car, etc. while investing to generate cash flow / financial independence takes time (perfectly obtainable by late 40s or early 50s if you have high income with the right focus).
@ambition11210 ай бұрын
0:14: 💰 High-income earners often make financial mistakes despite their income. 5:42: 💰 High-income earners make the mistake of investing heavily in illiquid assets. 2:55: 💼 High income comes at a cost, impacting health, relationships, and happiness. 7:44: 💰 High income earners often make investment mistakes by listening to the wrong advice and overcomplicating their finances. 10:20: 💰 High income earners often neglect to adequately protect themselves with proper insurance, which can lead to financial mistakes and potential bankruptcy. Recap by Tammy AI
@jabow187810 ай бұрын
One of the best videos on the topic. You pointed out a few I have not put on my radar. I am not a high income earner, but these hit my life as well.
@michaelswami10 ай бұрын
Thanks for your insights. For many many many people, I would add flood insurance. I lived in an area that had not flooded in 40 years. Hurricane Harvey cost me 200 K in repairs.
@dotpenji10 ай бұрын
Love how you breakdown of common financial pitfalls! How do you recommend high-income earners strike a balance between enjoying their success and making wise financial decisions for the long term?
@celieboo10 ай бұрын
Hire a financial coach to teach you budgeting and proper insurance products to purchase. I did this recently and it has made a world of difference.
@jianhuangg10 ай бұрын
Consistently great content, Tae! I've learned so much from your channel. I hope you take this to college campuses soon. Definitely do a Ted Talk on the slow and boring path to wealth!
@LoyceLeeber9 ай бұрын
Making money is not the same as keeping it there is a reason why investments aren't well taught in schools, the examples you gave are well stationed, the market crisis gave me my first millions, people shy away from hard times, I embrace them.. well at least my advisor does lol.
@fadhshf9 ай бұрын
This is superb! Information, as a noob it gets quite difficult to handle all of this and staying informed is a major cause, how do you go about this are you a pro investor?
@TomD2269 ай бұрын
Monitoring my portfolio closely has been incredibly rewarding. In just the past two quarters, I've made an impressive $273k. It's fascinating to see how experienced traders can generate significant returns. This has definitely been a bold and exciting decision for me.
@lowcostfresh22669 ай бұрын
@@TomD226Please pardon me, who guides you on the process of it all?
@TomD2269 ай бұрын
The adviser I'm in touch with is Camille Alicia Garcia. You can use something else, for me her strategy works hence my result. she provides entry and exit point for the securities I focus on.
@leojack90909 ай бұрын
@@TomD226 She appears to be well-educated and well-read. I ran a Google search on her name and came across her website; thank you for sharing.
@fabianfrankwerner10 ай бұрын
My learning: no matter how much you earn, understanding fundamental principles like budgeting and simple investments are the foundation of solid financial decisions and long-term security.
@jonathanstone39154 ай бұрын
Haha. That clip at the end cracked me up. Nice one Tae.
@ParkDari5 ай бұрын
Going minimal 4 years ago has led to significant spending contraction which allowed increased savings and life experience expansion. We decided it was more important to travel and take classes than own expensive toys.
@takatsu510 ай бұрын
To insurance I'd add long-term disability with supplemental disability, paying taxes on the premium. I'd also get an umbrella liability policy. Rich people are targets of lawsuits.
@avicari7710 ай бұрын
Great video. Oddly perfectly timed advice that I needed to hear today. Thank you and keep up the great content!
@celieboo10 ай бұрын
Same!
@nguyenp0910 ай бұрын
"Taking Unnecessary Risks" - this is me unfortunately. be it crypto, futures, options trading, real estate (safer but still high risk). thanks for calling this out Tae, it's helpful to have someone really explain it
@Rob-cy8xc10 ай бұрын
If you had bought the s and p years ago or indeed now over 20 years your risk level is 0% based on history.
@km1cn10 ай бұрын
Great video, hopefully internalize a lot of this advice as I get older. We should add a tiny bullet at the end for the older folk that are bad with social media and technology.. "Don't fall for the obvious scam bots posing as 'financial advisors' in the comments section of every financial advice channel."
@AR-ln7ln10 ай бұрын
I don't know about higher income workers, but lower income workers experience a lot of wage theft, because many jobs do not have a contract. I have zeros for 2002/3 in my SS statement. Ofcourse I was working the two years. I didn't choose not to get a paycheck. Employer chose not to pay. I was too poor to leave that job or not work for a week while I'm looking for a job. There were two more jobs like that, and two that cost me more to go to work than stay home.
@caliwhitestone848410 ай бұрын
Wow, I really identify with all of this. I live paycheck to paycheck on $150k salary. I am broke and exhausted. It’s an awful trap I never thought I’d be in.
@chadr401310 ай бұрын
Dang, I make 1/4 of that n have my 3 shiny quarters
@mikef28118 ай бұрын
Most people ignore the importance of Insurance, especially when it comes to Life Insurance. And having enough insurance to protect you in the event of a lawsuit. For life insurance, I highly recommend Term Life Insurance with Living Benefits in the event that you become seriously ill such as cancer, heart attack, stroke, etc. You can file a claim on your Life Insurance. And you need to make sure that you max out coverage for your auto, home, and carry an umbrella policy.
@Mark_Trail10 ай бұрын
Can you do a video of how much house someone can afford and when?
@ahnottingham10 ай бұрын
With respect to homeowners insurance, here in Florida, it runs $6-8K plus. I own my house free and clear and am choosing to self-insure, whereby, I put that money into SP500. At 8%, in just 20 years, the amount I would have paid into insurance will equal the max the insurance ever can or will pay. First of all, you must own your house completely to opt out of homeowners insurance. Second, the average claim is minimal. Thirdly, fraud and company profits account for the bloated premiums. I take good care of my home to ensure it is all up to code to minimize fire or wind damage. The other insurance items I agree with: Yes, term-life you need until you have several million in the bank and your kids are independent. In terms of health insurance, if you are self-employed and healthy, consider a healthshare. It works like health insurance but is 1/3 the price because they cut out the profits from insurance companies.
@TylerG777710 ай бұрын
Very interesting comments! Lots to consider there. Hmm.
@manoftomorrow598710 ай бұрын
Lifestyle inflation is the #1 reason for the hampster wheel. Thats something I'm running away from.
@MwenSeRozo10 ай бұрын
No. 8 - my greatest opportunity. Thanks for the reminder
@PaladinLeeroy4206910 ай бұрын
Honorable mention: Choosing the wrong spouse.
@dancox325110 ай бұрын
LOL. Truth. Actually this should really be the top priority. The amount of losses you can incur in making this mistake can be absolutely epic. Depending on the state, you can nearly be completely wiped out. There really isn't a more risky endeavor.
@philandrew360310 ай бұрын
"The things that you own, end up owning you"........
@Pedro_Gorla10 ай бұрын
10:40 That match was a tough one. Thanks for the vid, Tae. I live in Argentina and strong financial education is crucial due to political corruption. I have to deal with significant inflation every month. Maybe that could be a topic for a video :)
@mellocello1875 ай бұрын
Thinking gross, not net is also a problem. High earners think “I make half a million a year, I can afford (whatever).” Well, no. Maybe you pay 50% in taxes and 30% for housing, food, transportation, etc. that leaves you with 20% or $100,000, which you have spent several times over because you feel like you deserve whatever you want. Also, you only need to get rich once, then you just need to stay rich. At some point less exposure to the stock market is prudent if you have amassed a very nice net egg, like $8MM or so by retirement age.
@anujgupta929310 ай бұрын
Simple, easily narrative good advise
@seidyfigueroa360710 ай бұрын
Dude I just found your channel. Come to do a speech to all the 10,000+ employees at my local county hospital. Its a huge teaching facility of medical students, nurses, residents, and fellows. Most are clueless about how money works and cater to their wants day in and day out.
@tonythaiger9310 ай бұрын
As a cpa, i approve this video 😂
@SoCalDrone4u10 ай бұрын
What's your philosophy of: "Living for Today or Saving for Tomorrow" ...when tomorrow is not guaranteed?
@fitzroyfrancis789610 ай бұрын
Read DIE WITH ZERO, makes sense.
@tanpham741110 ай бұрын
I am all for living live at the fullest. However, it doesnt mean that I am not prepared for the future either. I always make sure to have an emergency fund and steady contribution to retirement funds. After that, I try to pay off my house and still have some left over for lots of fun money. Always make sure to give some away as well.
@DonYang7310 ай бұрын
I started at 25. Made my highest income from work was at 40. Now at 50, my total income is still higher than when i was 40, however the income from work makes up only 60% of my overall income. Comparing work income, i was pulling about 20% more when i was 40 than now at 50. Hoping to retire at 55 with a passive income equivalent to 50% of active work. That would be very comfy as i hv no intention to spend anything more than $200k per year
@nathanmeyer674310 ай бұрын
Great video and awesome hair, Tae 👍
@MathCME10 ай бұрын
Very nice video Mr. Kim. Solid Information!
@LeoGibson.9 ай бұрын
great video mate :)
@boniel2210 ай бұрын
Thank you for the video! Would you recommend disability insurance separate from what an employer provides?
@ezco0077 ай бұрын
Excellent video. Thank you.
@funfive610 ай бұрын
Great video & content Did yiu hVe the link to the tax strategies, I didn't see it.
@TheMatadore10 ай бұрын
If you have a $1MM net worth or more, an umbrella policy is a must.
@purplepandastudios1610 ай бұрын
Good video Tae!
@JDM_MSK23 күн бұрын
you speak the truth , good video . subd
@tsjoshi10 ай бұрын
Great content ! I am feeling lucky to find your channel...
@PenniP10 ай бұрын
Another great video!
@pakmantk10 ай бұрын
Great video, thank you!
@ls.c.568210 ай бұрын
Random question - are you the same Tae Kim who did the great guide to Japanese Grammar? That was very helpful, if so!
@hunterandchavy10 ай бұрын
Thank you for simplifying. Money shouldn’t be complicated 😢 What do you use for video editing?
@TheFirstRealChewy10 ай бұрын
Also, be weary of people giving you money advice that benefit them. My banker told me I should open a HELOC.
@sanitary10310 ай бұрын
Of course your banker did. The bank is not your friend.
@untitledlabel10 ай бұрын
Way to make it for the modern ages!
@silaszebedee933110 ай бұрын
TSLA got me. lost 130k last year
@robertschraedley709710 ай бұрын
You missed one of the biggest and most common mistakes... in fact you advocated the opposite. "Don't invest so much in retirement accounts that you don't have money free to retire early." I know a lot of wealthy people in their late 40s... they have a net worth of 2-3 million bucks, but it's all in 401k's and Roth IRA's so retirement at 50 isn't an option but at 60 they'll have way more than they need. Be sure to create that buffer account to get you from 50 to 62.
@tropicallyfit10 ай бұрын
2-3 million is NOT wealthy!!!!!
@robertschraedley709710 ай бұрын
@-KZfaqr_channel.. sure. I was a high earner... I hit my 401k match, then maxed my roth, then went for max annual 401k contribution... in my late 30s, I realized that I had screwed up. Even shifting to just enough 401k to get the match, I would have 4 million in my 401k at age 50... but wouldn't have enough in non-retirement accounts to get me from 50 to 60... I got creative and found solutions (for example, using the Roth to pay for the kids' college and playing with the equity in my house) but it's an easy trap to fall into.
@jml955010 ай бұрын
I just hit 51, I contributed minimal to 401k but I did invested in real estate. Now home and 3 rentals paid off in the SF Bay Area. Rentals income are cash flowing g like crazy which I get access to rather than 401K or IRA. It worked out well since I bought these properties in the last 20+ years span. Now real estate is just too high to invest in and I put more into 401K to lower my income tax.
@EmmanuelC040310 ай бұрын
@@robertschraedley7097 Thanks for the insight! I can see myself getting into that pitfall without having read your comment. I'm 20 investing 50% of my income as a college student, not including also maxing out my Roth IRA. I never considered planning on *not* maxing out my 401k or anything similar in the future due to how much I prefer to invest over spend. Something I would have never considered, but now duely noted! Real-estate could be a good plan to avoid this, seems that's also what helped you in your case of equity
@benjaminclark597410 ай бұрын
Great insights on the housing market! The shifting dynamics present potential opportunities for those ready to invest. It's evident that the Federal Reserve's policies have far-reaching implications for the housing market, making real estate a journey of long-term investment. Amid these fluctuations, I've ventured into new investment avenues. Thanks to the guidance of a mentor Edward Joseph James, my portfolio has seen significant growth in just 6 weeks. These are indeed turbulent times, but as the saying goes, fortune favors the bold!
@benjaminclark597410 ай бұрын
He is Eddyjosy VlA TE L E G R AM.
@jefferyfrancis936410 ай бұрын
I've seen different people talking about this Edward Joseph he must be very amazing for people to talk this good about him.
@maxnelson758310 ай бұрын
Investments should be the best thing anybody can do for themselves, till today my profits in stocks continue to impact my wealth greatly therefore I don't feel any urge to soley depend on my salary.
@barryandy815310 ай бұрын
He is currently helping me get back all that i have lost from this creepy market.
@richardmichael282210 ай бұрын
Thanks for the contact info, I will connect with him shortly.
@hugopetricioli97899 ай бұрын
Wow! Great video!
@jul5057 ай бұрын
What do you think about REITs. From what I understand, you prone a all in one index found. Do you think people should have a % in REITs? (All in one REITs index/ ETF like VRE)
@meibing491210 ай бұрын
Important point: Stats show that there is a very high degree of churn when it comes to the top 2% earners.
@FahrenDef45110 ай бұрын
I work with lots of airline pilots. This list is like the script to an episode of ‘Keystone Cops’ to how many of this group function. 🤦♂️
@BrokeAgain6 ай бұрын
Its alright to spend it with family vacations
@jedijooj10 ай бұрын
I remember this when I become a high earner
@etchvee10 ай бұрын
Good content and advice. The only thing I would rethink is the advice on too much illiquid assets. This seems to undermine the importance of real estate investing, generating passive income and using debt to grow.
@saigudbai9 ай бұрын
I'm just really curious. How many people in these comments are just bots. Haha, my BS meter is pinging hard.
@user-oz4nn3jw8p10 ай бұрын
11. No asset protection trust. 🤭divorce.....
@jaykay641210 ай бұрын
#1 got me kicked out of NYC in my mid twenties. 1099 income is a bitch
@larrygerry98510 ай бұрын
Basically you want to build wealth over time rather than be rich.
@flawlix10 ай бұрын
As someone who took a more than 60% pay cut from my high income job, I need this video
@deancarter9819 ай бұрын
2:11 🙂 2:40🤗😇
@IFearlessINinja10 ай бұрын
You don't believe in long term disability insurance?
@GiorniVenibato10 ай бұрын
The world is about to end. Time to consume and spend your money before it’s all over!
@xyzxyz64069 ай бұрын
3:31 This is the biggest reason most pro athletes wind up broke. They only get paid half the year but rack up so much debt they need to be paid all year and when they retire, forget about, it's over.
@Kingvern198210 ай бұрын
Once you save 200k move to Asia and live there
@Koob33510 ай бұрын
I skipped this video because my ass is broke Lmfaaaao
@leecaldwell102910 ай бұрын
Just like gravity... Well your first analogy is wrong.. Everything with gravity comes down.. Earnings do not always come down..
@JinNani22410 ай бұрын
So….what constitutes a high income earner?
@tinly110 ай бұрын
Damn, sounds just like Techlead
@HectorLopez-wc8fx10 ай бұрын
You lost me at, "Just look at soccer."
@NaYouTu10 ай бұрын
Who else thought the thumbnail said DRAKE
@chadr401310 ай бұрын
Don’t have to worry. I started poor n will end poor. Gotta have money to make money.
@bgirldskco10 ай бұрын
💯
@DiscoveryFx10 ай бұрын
Speak slower * good info
@ftakenouchi146410 ай бұрын
Talking way too fast, pls slow down. Good content.
@Da_Crow10 ай бұрын
this guy has asian eyes, he knows money , i listen to him
@royjohnson904310 ай бұрын
all you "financial gurus" make the same video every week. It's annoying.
@peterl276710 ай бұрын
😊😊😊
@iamvampyrnow10 ай бұрын
This dude thinks gravity is real
@silvermediastudio10 ай бұрын
Shut off at 5:30 ...saying "enough risk to grow but not so much as to lose it all" isn't advice. It's generic platitudes.
@Agent77X10 ай бұрын
Tim Cook’s & Elon Musk salary is $1.00 annually!😮 Musk who runs 6 companies simultaneously earns $6.00 a year!😮