My Annual Investment Routine
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Join me for a look into my family’s annual investing routine. From my personal success strategies to practical tips for maximizing investments, I’ll share it all, including a can’t-miss investment plan update for anyone approaching Baby Step 7.
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@VanChuong-on2gh 11 күн бұрын
My portfolio doesn’t just cater to dividend stocks. I hold $VFIAX (S&P 500 index fund) in my Roth IRA and $VTI (Total Stock Market ETF) in my taxable brokerage account. Two of my largest holdings. The individual dividend stock positions all complement the index holdings.
@AdamLevine759 8 күн бұрын
Don't be discouraged if you can "only" invest $100 per month. Over the course of decades, it can compound into significant wealth. The key is to keep going!
@mwaqas731 6 күн бұрын
Should we pay our debut including house mortgage first then later contribute to 401 k and Roth please can you suggest .
@jtw2190 6 күн бұрын
@@mwaqas731 You should pay off all your consumer debt, including student loans and car loans first, next save 3-6 months of expenses and then contribute 15% of your gross pay to your 401(k), Roth IRA and then IRAs. You should not wait until you pay off your mortgage before starting to save 15% toward retirement.
@brightpage1020 13 күн бұрын
Rachel! Call your next book: "Your Investment Routine"! Seriously. Even if we're just on envelope stuffing and downloading EveryDollar, we are making investments in ourselves and our futures just by listening to or reading your work & acting on what we learn. Thank you!!! 🎉❤🎉❤😅
@Joenzinator 13 күн бұрын
The best investment routine is to have a % come out of your paycheck for retirement. My wife and I max our 401(k)s because we have a ROTH option, and we max an HSA. Then once our emergency fund is full and our checking account has ~$20k in it, If we have a vacation, car purchase, or other large purchase coming up, we will move money into an account for that purchase. Once that account is funded, we fund our kids' 529s , and everything else in an after-tax brokerage account.
@quantarrow 12 күн бұрын
Start early with diversified investments in stocks, bonds, and real estate. Maximize contributions to tax-advantaged accounts like 401(k)s and IRAs. Regularly review and adjust your strategy to ensure security.....
@IshrakHossain-rt8is 12 күн бұрын
People dont understand that the prices of things are never going back down. This inflation is deeper than we think. Those buying groceries are well aware that the real inflation is much over 10%. The increments dont match our income, yet certain investors still earn over $365,000 in stocks and assets. Wish I could accomplish that.
@bombasticlove76 12 күн бұрын
Very possible! especially at this moment. Profits can be made in many different ways, but such intricate transactions should only be handled by seasoned market professionals.
@mohamedali-fj8xz 12 күн бұрын
Some persons think inves'tin is all about buying stocks; I think going into the stock market without a good experience is a big risk, that's why I'm lucky to have seen someone like mr Brian C Nelson.
@BigNate82 12 күн бұрын
Finding yourself a good broker is as same as finding a good wife, which you go less stress, you get just enough with so much little effort at things
@faysdt414 12 күн бұрын
Brian demonstrates an excellent understanding of market trends, making well informed decisions that leads to consistent profit
@Stil1_loading 9 күн бұрын
This video is kinda pointless for her to do but it is great that despite her being the heir to a huge inheritance she still building her own. Teaches future generations to preserve
@brentr8649 8 күн бұрын
Backdoor Roth IRA
@pnwflipper2089 13 күн бұрын
Please make the music stop!!!
@megcarey2007 9 күн бұрын
I didn’t mind it til I read this comment 😂
@stevedyke639 5 күн бұрын
It needs to be a little quieter
@brianhall2525 12 күн бұрын
I think Rachel has to be doing a backdoor Roth, no way income limit is below the threshold for a normal Roth.
@kathleenr8839 10 күн бұрын
There are ways around that… I’m sure they’re utilizing all of them. That’s my initial thought too every time I hear the next-gen “relatable” Ramsey crew talk about their finances. They’ve got so much enterprise through each personality it’s gotta be more income for them, but also way more tax breaks and strategies too.
@chaselesser3191 8 күн бұрын
Lol, I thought the same thing, like wait a minute you have to have an income less than $146k and a portion until $161k. Dave might pay her somewhere in those limits but with her endeavors she is likely way past that. Her own show/books/ sponsors. But that could be tied into a LLC/Corporation. And filed separately. But I don’t know how that part works.
@livingunashamed4869 13 күн бұрын
Yep maxing everything out beginning of year gets you that extra growth.
@kimmieshimmie 4 күн бұрын
If it were a visual video I could understand the music but most finance videos including this one are not and it is much easier to listen to without music.
@autologic3163 10 күн бұрын
Love everything about this video, but I do have a question. I haven’t really heard of anyone saving up all year and then funding their retirements immediately at the beginning of the year. Why wouldn’t you just dollar cost average over the course of the entire year?unless you are simply saying that because at the beginning of each new year, your accounts are already fully funded and you can’t add anymore to them and you have no other option to save throughout the rest of the year for the very beginning of the new year? I would just like some clarification on that.
@highpeaks3598 6 күн бұрын
The music is too loud.
@YoungAllen-gb1fr 11 күн бұрын
Your explanations are clear and straight forward It's always a honor to have you here as a mentor, I appreciate you for the time being spent to educate us financially. Regardless of how bad it gets the economy, I still makeover $28K every single week. I truly value Katrina Charles , and her helpful guides.
@Roberts457 11 күн бұрын
Making money is all about investing in the right way most investment failures and losses usually happen when you invest without a proper guide.
@GarciaMiller-ef3lj 11 күн бұрын
Wow I'm pleasantly surprised you mentioned Katrina Charles, That woman has been a blessing to me and my family.
@JamesWilliams-xl5ty 11 күн бұрын
I know Katrina, she has really set the standard for others to follow, we love her here in the UK as she has been really helpful and changed lots of lives.
@LindaSmith-ng2we 11 күн бұрын
You're right! The very first time I tried, I invested $2000 and after a week, I received $8,400. That really helped us a lot to pay up our bills.
@Wilso492 11 күн бұрын
Please is there any way to reach her service, I work 3 jobs and have been trying to pay off my loan for a while now, please help me.
@dianaanderson190 13 күн бұрын
I need a Canadian version! Rrsp, pension, tfsa… it’s all similar but different!
@laundrygoddess4 12 күн бұрын
The 401k is our rrsp. The roth Ira is our TFSA. The brokerage account is our non registered account. The 539 is our resp
@joshuawilliams6153 13 күн бұрын
One thing to clear up is that the Roth IRA income limit is based off of you AGI, It's possible to lower your taxable income to a level that allows you to use a Roth IRA
@Werdna12345 13 күн бұрын
Ar that point might as well do a background toth
@tamarasnook 13 күн бұрын
Sounds like you might not be dollar cost averaging with annual contributions. You might want to look into that and see if that might make sense for you.
@SusanOrlean315 12 күн бұрын
I really appreciate the dedication in each video you post. Building a steady income is quite difficult for newbies. Thanks to Elizabeth Wesley for improving my portfolio. keep up with the good videos.
@AndreaAdams-mk5jy 12 күн бұрын
Wow. I'm a bit perplexed seeing her been mentioned here also Didn’t know she has been good to so many people too this is wonderful, I'm in my fifth trade with her and it has been superb
@KathleenAlcott957 12 күн бұрын
I paid off my $829k 2.625% 15 years loan in 25 months. Started in October 2020 last payment was November 2022. Now totally debt free with 3 paid off rentals. Love having no debt for the last 1.5 years. Thank you Elizabeth Wesley
@ChristophAdelbert 12 күн бұрын
You trade with Elizabeth Wesley too? Wow that woman has been a blessing to me and my family.
@ScottBingman 12 күн бұрын
I'm new at this, please how can I reach her?
@ViktoriaFilip-zj2fd 12 күн бұрын
I was skeptical at first till I decided to try. Its huge returns is awesome. I can't say much
@stevedyke639 5 күн бұрын
Wow so they invest nearly $60k every January ( $22k for 401k and $7k for ROTH for each of them)
@Tonioeltorobjj 9 күн бұрын
Hey Rachel so it’s ok to throw all your money in your Roth IRA at once?
@leedalton508 7 күн бұрын
She's doing the baby steps😂😂😂😂😂😂.... Dad a billionaire
@jtw2190 6 күн бұрын
If you are a millionaire, billionaire or only have a few thousand to your name following the baby steps 1-7 is a great plan to follow for the rest of your life.
@youngblood23rb 13 күн бұрын
I am still struggling with the ROTH vs. Traditional, We sure could use the tax deductions of a Trad now vs. Pre paying taxes on the inheritance that will be passed on
@thedopplereffect00 9 күн бұрын
Depends on your current vs future tax bracket
@Isaac-wq9eu 13 күн бұрын
Isn’t it advantageous to contribute to the Roth IRA on a weekly basis? So that you take advantage of the fluctuations in the market also. Really interested in knowing what you think, because that’s the way we do it.. Thanks for sharing!
@nae4830 13 күн бұрын
Yes. It’s called dollar cost averaging. Good luck!
@brendanjones4712 13 күн бұрын
That's not technically true. Since the market usually goes up lump sum investing beats dollar cost averaging about 2/3rds of the time. However, it's better to invest slowly then not at all and the difference is marginal. So do what makes you comfortable and what you can do consistently. For me that is often dollar cost averaging (investing slowly over time).
@Isaac-wq9eu 13 күн бұрын
@@brendanjones4712 thank you for the advice!
@tcgtpl 11 күн бұрын
If it was possible to invest fractions of a penny at a time, I’d dollar cost average by the minute. 😂
@mhodge0890 12 күн бұрын
Idk how you guys do a 401k, Roth and also brokerage or High yield. I can only do 2 out of the 3
@jtw2190 6 күн бұрын
Every situation is different and you should focus on what you can do and not what everyone else is doing. Dave preaches giving every dollar a purpose, so if you can only do 2 out of the 3 then by all means keep doing 2 out of the 3.
@TR-xb4ih 10 күн бұрын
what does rachel need to invest for 🙏🏼😭 she’s going to inherit BILLIONS when dave is gone
@jan-louiscosme2164 9 күн бұрын
Her kids and grandkids if she has them
@robyn_southafrica 5 күн бұрын
Regardless, generational wealth for the future heirs
@robyn_southafrica 5 күн бұрын
Regardless, generational wealth for the future heirs
@matthewluong9447 3 күн бұрын
Since your contributing to a Roth IRA, I'm assuming you and your husband are making $240,000 or less (joint filing), unless you're doing backdoor Roth IRA.
@joeriveracomedy 13 күн бұрын
Rachel is the Jackie O of finances. Look at those duds.
@jc4715 9 күн бұрын
There’s no way she makes a low enough salary to invest in a Roth
@Steve-sp7qu 3 күн бұрын
That’s pretty hard to just have like $15k+ ready to go every January
@user-nx6tr9je6v Күн бұрын
It's not hard. Just have your dad be a billionaire.
@Gjproductions7 8 күн бұрын
I thought the rule is roth beat traditional
@traviscyril6641 8 күн бұрын
This is nice. Its necessary to have an investment routine. Though I've been having some issues recently. I started working at 18, strived and grew my portfolio to $600k by 33. I recently, lost over 30% and decided to mitigate the risks cause I'm planning on buying a home soon and want my portfolio to grow to a 7-figure ball park so I can retire in 9 years. What should I do?
@Blitcliffe 8 күн бұрын
JEPI and JEPQ Inclusion is smart for retirement. When it comes to staying committed to low-risk investments, it's all about balancing your risk tolerance with your long-term goals.
@richiesteve1250 8 күн бұрын
@@Blitcliffe I believe a healthy portfolio has 3 things, at the bare minimum: Its Exposure to ETFs for increased diversification, Exposure to assets that generate cash flow like dividend stocks and Exposure to market-leading tech. These are really important for a growing and healthy portfolio
@gwendymolly5953 8 күн бұрын
@@richiesteve1250 Generally, I think a good number of people discredit the effectiveness of a certified fiduciary in planning for retirement, For the past 10years, I’ve had a CFA consistently restructure and diversify my portfolio/expenses and I’ve made over $3m in gains. It might not be a lot but then retirement doesn’t seem so farfetched anymore.
@virginiameghan4189 8 күн бұрын
@@gwendymolly5953 Your CFA must be really good. Please how can I get in touch? My retirement portfolio's decline is a concern, and I could really use some guidance.
@gwendymolly5953 8 күн бұрын
@@virginiameghan4189 There are a handful of experts in the field and I've experimented with a few over the past years, but I've stuck with ‘’Amber Kay wright” for about five years now, and her performance has been consistently impressive. She’s well known in her field, you should look her up
@jag4790 11 күн бұрын
I only make $28,000 a year. What investments do i invest in?
@GreenBeats11 11 күн бұрын
Assuming you don't have any debt and have an emergency fund, you should first put as much as possible into your Roth IRA since your effective tax rate is so low. Invest into index funds.
@librisc 10 күн бұрын
roth ira
@Money-Fast-Plan-a 12 күн бұрын
"Life is not about finding yourself. Life is about creating yourself." ---Lolly Daskal
@Cordonedaveoren 13 күн бұрын
*Amazing video, you work for 40yrs to have $1M in your retirement, meanwhile some people are putting just $10K into trading from just few months ago and now they are multimillionaires*
@QuentinHufton 13 күн бұрын
Hello , I am very interested. As you know, there are tons of investments out there and without solid knowledge, I can't decide what is best. Can you explain further how you invest and earn?
@ElveyBoddie 13 күн бұрын
Hello how do you make such monthly?? I'm a born Christian and sometimes I feel so down 🤦♀️of myself because of low finance but I still believe in God.
@DebeaumontCadiz 13 күн бұрын
I'm favoured, $90K every week! I can now give back to the locals in my community and also support God's work and the church. God bless America,, all thanks to Ms Ann Marie strunk 😊🎉
@SsssDddd-jb2cs 13 күн бұрын
Such information we don’t get from must KZfaqrs, how can I get to her. ?
@DebeaumontCadiz 13 күн бұрын
She's always active on Whats~App... 🎉
@adrianhummel83 6 күн бұрын
She’s reading a script.
@chadbailey7038 Күн бұрын
lol. That’s how most show hosts do it.
@adrianhummel83 Күн бұрын
@@chadbailey7038 I don’t disagree with that but they have tools and technology to not make it so obvious.
@Werdna12345 13 күн бұрын
Does timeless clothing count as investing? 😉
@crunkmonkiee 13 күн бұрын
If that means buying and wearing clothes for 10+ years, then yes. I have a button up that is 20+years old 😅
@tamarasnook 13 күн бұрын
No, because what if you gain weight lol
@Hass95 13 күн бұрын
How do most of you guys still make profit? Even with the downturn of the economy and ever increasing life standards
@ViktoriaJohanson 13 күн бұрын
Well, I picked the challenge to put my finances in order. Then I invested in cryptocurrency and stocks, through the assistance of my discretionary fund manager
@ViktoriaJohanson 13 күн бұрын
Hattie Glover
@Hass95 13 күн бұрын
Please educate me. I've come across this name before. Now I am interested. How can I reach her?
@MPK237 13 күн бұрын
This is correct, Hattie's strategy has normalized winning trades for me also and it's a huge milestone for me looking back to how it all started..
@RONALDO_7729 13 күн бұрын
Crypto is the best future where people makes money and generate good returns.
@AdamWright8fool 6 күн бұрын
Your explanation is clear and practical. Nevertheless, the market can undergo manipulation in various ways. While I initially grasped trading crypto assets, my technical analysis skills were a limiting factor. This changed when I came across Leah Foster Alderman's strategy. Day trading deserves increased attention, given its resilience to the market's unpredictable nature.
@Craig121000 13 күн бұрын
I avoid investing, and I still beat inflation.
@pilkers745 13 күн бұрын
step 1 - have billionaire dad
@BoboGumdrop 13 күн бұрын
He's most likely not a billionaire yet and was also bankrupt during Rachel's childhood. All of them admit that 😂
@alexpietsch7997 13 күн бұрын
Step 2. Build enough wealth that Dave's money doesn't matter for your household
@liesejunh 11 күн бұрын
Ya her dad is wealthy. But what they teach works. And without the principals that they teach any amount of money will run out. I don’t think Rachel being with wealthy parents discount anything that she says.
@MihailZac0444_... 11 күн бұрын
The crypto market has been unfavourable for months and I keep losing my money selling-off during dips, I'm very scared of holding right now,how do you guys still make so much….?
@sheldonmcpherson2712 11 күн бұрын
VENTURING into the trading world without the help of a professional’s, trading and expecting profit is like turning water into wine you would need a miracle...
@MonicaFrancis-cm8yj 10 күн бұрын
@@sheldonmcpherson2712 I keep hearing this without prove or nothing
@MonicaFrancis-cm8yj 10 күн бұрын
@@sheldonmcpherson2712 are you also into forest trading
@MonicaFrancis-cm8yj 10 күн бұрын
Same here my friend i have been facing alot of loses on this
@sheldonmcpherson2712 10 күн бұрын
@@MonicaFrancis-cm8yj yes i am with great assistance from Andra
TheSoul Music Jam
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