From $0 to Millionaire in 7 Years (w/ Amy Greene)

Рет қаралды 14,160

Күн бұрын

Do you want to become a millionaire?
Amy Greene from New Jersey is showing us how!
She went from a $0 net worth to a millionaire by age 44. Check out her story about how she and her husband increased their net worth and became a millionaire family all in just 7 years.
CHAPTERS
0:00 Intro
0:56 When did you start to care about improving your financial situation?
2:31 What do you and your husband do for income?
3:15 What does your net worth consist of?
4:32 How did you start investing?
6:47 What debt do you have currently?
7:40 Did you have an inheritance that helped contribute to your net worth amount?
8:26 What financial tips and tricks have you learned along the way?
10:16 Was there a book that was influential in your financial journey?
12:14 What are you doing now?
13:25 What do you say to someone who doesn't believe they can become a millionaire?
#MillionaireSuccess #Millionaire #MillionaireStory #DebtFreeCommunity #DebtFree #FamilyFinance #PersonalFinance
RESOURCES
Amy Greene (Instagram): / amygreenefc
Like the Video? Leave us a tip! www.marriagekidsandmoney.com/wine
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MARRIAGE KIDS AND MONEY:
This award-winning blog, podcast and KZfaq channel are dedicated to helping young families build wealth and thrive. Each week, Andy Hill interviews personal finance experts, families who've achieved financial independence and debt-free young parents.
BIO - ANDY HILL:
Andy Hill is the award-winning family finance coach behind Marriage Kids and Money - a platform dedicated to helping young families build wealth and happiness.
Andy's advice and personal finance experience have been featured in major media outlets like CNBC, Forbes, MarketWatch, Kiplinger’s Personal Finance and NBC News. With millions of downloads and views, Andy’s message of family financial empowerment has resonated with listeners, readers and viewers across the world.
When he's not ""talking money"", Andy enjoys watching his kids play soccer, singing karaoke with his wife and watching Marvel movies.

✅ CONNECT WITH US
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Blog: www.marriagekidsandmoney.com
Podcast: www.marriagekidsandmoney.com/...
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DISCLAIMER
This show may contain affiliate links or links from our advertisers where we earn a commission, direct payment or products. Opinions are the creators alone, and this content has not been provided by, reviewed, approved or endorsed by any advertiser. Information shared on this channel is for entertainment purposes only and should not be considered as professional advice.
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CREDITS
Video Editing: EditVideo.io
KZfaq Channel Management: www.weirdigitalmarketing.com/ "

Пікірлер: 45

@longterminvestmentsonly4817 Жыл бұрын

Am i tripping or did she skip the question and gave a generic answer with the how she did it?

@blackchickadee1 11 күн бұрын

Really enjoying this channel! It’s so real, genuine and very OG KZfaq vibe which we miss !

@MarriageKidsandMoney 10 күн бұрын

So glad you are enjoying it! Thank you for your support!

@livelaughlove4635 5 ай бұрын

This was a nice surprise. I saw Amy’s name pop up and recognized it right away. I had a coaching call with her a few years ago. Glad her and her family are doing so well.

@MarriageKidsandMoney 5 ай бұрын

Amy's story is inspiring! I'm glad you connected with her!

@pnvst6648 2 жыл бұрын

I loved this video. Reminds me of our own journey we just started a few years ago. Still a ways to go but eventually we will get there!

@MarriageKidsandMoney 2 жыл бұрын

YES! keep rocking!!

@amygreenefinancialcoaching1364 2 жыл бұрын

It's the tortoise and the hare - the tortoise always wins! Keep going!

@therealist5648 6 ай бұрын

I know it was mentioned that if you havent started investing and you are older, it will only take $200 vs $100 a month like when you are 20 to become a millionaire at 65. That's not exactly true. Below is how much you need to invest if starting from zero according to age and retiring a millionaire at 65 with same amount if you had started at 20 with 10% returns which Dave says is average. 20-year-old $100/month 10% return 30-year-old $275/month 10% return 40-year-old $785/month 10% return 50-year-old $2,530/month 10% return. When you start absolutely matters! Hope this helps!

@MarriageKidsandMoney 6 ай бұрын

Thank for for contributing!

@lons5472 2 ай бұрын

And this is something i can manage, i already started a ghost Charles Schwab acct for my daughter and for myself now. Its all in Index funds.

@QuintonHamp 2 жыл бұрын

11:00 The income question helped. Hard to believe that they hit $1 mil with only 7%... so I pulled out my compound income calculator. Having the $250k in retirement when they started, and unloading the condo, etc, was an incredibly smart play that underscores the importance of mindset when it comes to money. Then, assuming $1200 per month invested, they needed a 20% return in the market to hit this. Right now I'm trying to put back 20%, and it's going to take me 7 years just to get to their $250k launchpad. Start early, kids!

@MarriageKidsandMoney 2 жыл бұрын

Starting early is key! If you didn’t start early, making a lot of money definitely helps.

@donaldlyons17 11 ай бұрын

@@MarriageKidsandMoney They have to get lucky too..... You never say well if your not employed everything could change fast. Can't just start early or make a lot of money but have to be gainfully employed the entire time.

@DugrozReports 5 ай бұрын

This, and job. It’s awfully easy to say “do what I do!“ When you’re pulling in 200 grand a year.

@keekee8760 2 жыл бұрын

Great video, thank you for sharing.

@MarriageKidsandMoney 2 жыл бұрын

Of course!

@robertspencer5219 2 жыл бұрын

Andy, so funny, asking the inheritance question from Dave almost word for word!

@MarriageKidsandMoney 2 жыл бұрын

Ha! He’s rubbed off on me! Some inside baseball here, Amy and I met at a Ramsey Influencer conference last year. I find my language changes when I’m around my Dave people

@amygreenefinancialcoaching1364 2 жыл бұрын

@@MarriageKidsandMoney So true! But it's always a great question. Everyone things we must have had a windfall or some major financial influx to make this happen. It really is slow and steady - but by getting out of debt, you'll have more money to invest and to enjoy, which is VITAL to this process. Building wealth is a factor of savings rate and time - make them work for you!

@carolannstevens5814 Жыл бұрын

Very encouraging!

@MarriageKidsandMoney Жыл бұрын

Amy is amazing!

@melramos4583 Жыл бұрын

How can you say she started with 0 and now has million in 7 years, when half of it came from their retirement accounts?

@MarriageKidsandMoney Жыл бұрын

Great question! She had a net worth of $0 and she grew that net worth to over $1 million. From my understanding of her net worth when she started ... Assets: --- Retirement Accounts (both her and her husband): $250k Liabilities: ---- Debts and Loans: $250k Net Worth (Assets minus liabilities) = $0

@auto_pilot 6 ай бұрын

@@MarriageKidsandMoneyThat doesn’t compute with what she said in her intro to the early debt payoff. She used the condo to pay off the debt and so the condo negated the debt liability. So, they essentially started with $250k net of the condo and related debt (condo $250k - debt $250k).

@pb25193 2 ай бұрын

She started with whatever the condo was worth. So definitely not 0, it's an error on the video, no worries. Humans make errors.

@kylemorgan7822 2 жыл бұрын

Great video. It’s great to see others story to increasing wealth. I’m assuming the saving percentage was a lot higher than the current 7% in order to achieve this.

@MarriageKidsandMoney 2 жыл бұрын

Glad to hear you enjoyed it! I would agree - there were more than likely periods of major savings above and beyond that 7%

@amygreenefinancialcoaching1364 2 жыл бұрын

Yes, we had periods of putting more than 7% away into retirement before we got out of debt. The Baby Steps changed that, but by then we already had a good amount in retirement. The other boost has been our home value - thank you, Covid and NYC Exodus!

@donaldlyons17 11 ай бұрын

@@amygreenefinancialcoaching1364 Homes don't get valuable unless someone else is paying or willing to pay those higher prices....

@donaldlyons17 11 ай бұрын

@@MarriageKidsandMoney Yep that that is part of the problem. Many don't have the right combination of factors to not end up broke.

@istvanpraha 8 ай бұрын

Where is the seven percent coming from? Seems low. I see 15 percent recommended even for normal people, not people trying to build huge wealth

@sim539 2 жыл бұрын

I did not find this interview helpful it was more like a personal business finance marketing ad. She did not answer any questions asked. Perhaps a book club on KZfaq with Q&A would help more people achieve their financial goals - I like the format of: reading a section or chapter on my own and then reading along with the group and after a section, time to ask clarifying questions or like a workbook, mention ideas to put to practice the principals of the book.

@MarriageKidsandMoney 2 жыл бұрын

I appreciate your feedback!

@sim539 2 жыл бұрын

@@MarriageKidsandMoney Thank you.

@hairbytomrose7143 Жыл бұрын

I absolutely agree, l waited to hear the exact numbers but none was shared. How much was their yearly contribution and what interest rate so we can understand how the million was achieved in 7yrs mathematically.

@MarriageKidsandMoney Жыл бұрын

@@hairbytomrose7143 Very helpful here. Thank you! I'm always looking to improve.

@cdyowuzzup 2 ай бұрын

All I needed to hear to move on from this video: “we don’t have any debt except for the mortgage, which wasn’t included my this net worth calculation, just the equity.” “Got it, makes sense”. Whah? Makes sense to grab the headline of $1m but come on, really?

@gregmarinez742 6 ай бұрын

No to Mutual funds….a well balanced VGT, VOO, VYM, VTI portfolio will smoke mutual fund performance over the long run, why make Mutual Fund Managers Rich? 🤑

@istvanpraha 8 ай бұрын

A lot of people in comments complaining about lack of specifics. I get it but at the end of the day, none of these videos are gonna tell you the specific stock that is going to skyrocket or pick a high income job for you. Now sure what people expect

@MarriageKidsandMoney 8 ай бұрын

Thank you for your comment. Finding a high-income job, living on half of your income, and investing the other half in the stock market should do the trick.

@usflin Ай бұрын

I expect consistency. She cherry picked which parts of her finances counted towards her net worth depending on where she was at in her story. Makes for a great headline but comes across as disingenuous.

@tacrewgirl 7 ай бұрын

This was the vaguest video on personal finance I've ever seen. She was expertly dodging questions and not giving any specifics. If you want to keep your financials private don't volunteer to go onto a personal finance vlog interview. 2 out of 10 stars.