Start Investing Now Or Miss Out: Why is it important to start even with small amounts of money now?

Рет қаралды 904

Ай бұрын

Don't Delay Invest Today: Why is it so important to start investing with small amounts of money now? Why it is a mistake to wait until you have a lot of money to start investing with a lump sump.
Compound interest calculator:
www.nerdwallet.com/calculator...
Disclaimer and safe Harbor statement:
Topics discussed may include predictions, estimates or other information that might be considered forward-looking and results are not guaranteed. Prior performance does not guarantee future performance. This is not individual investment, legal, or tax advice. Investments carry risk and can lose value. Make sure to complete your own due diligence and work with licensed investment, tax, and accountant professionals when making financial decisions. Topics discussed and opinions provided do not represent any current or past employers of Financial Freedom 101 staff and are given as personal opinions. Financial Freedom 101 is not responsible for any of the financial decisions that you make. Financial Freedom 101 typically has investments including, but not limited to positions in diversified ETFs and mutual funds such as SPY, VOO, SWPPX, FXAIX and others which may contain holdings in the companies discussed. The content of this video is for entertainment purposes only.

Пікірлер: 16

@mp22422 Ай бұрын

Great stuff

@JMW80 Ай бұрын

Interesting, grounded, logical content. Thank you.

@financial_freedom101 Ай бұрын

Glad you enjoyed it!

@weizhang2389 Ай бұрын

bro deserves 1m subscribers

@financial_freedom101 Ай бұрын

Thank you

@Famus98 29 күн бұрын

Greetings from Poland

@financial_freedom101 29 күн бұрын

I have a lot of friends from Poland (Pawel, etc.) and I spent some time in Poznan.

@jesicav8350 Ай бұрын

What are your favorite books or podcasts to learn more? Love this channel ❤️ thank you for your knowledge

@financial_freedom101 Ай бұрын

I absolutely loved "The One Minute Millionaire: The Enlightened Way to Wealth" I listened to it on audio book several times on my drive to work and made traffic fun. I have a video on how to get free audio books from your local library or here is a link on Amazon: amzn.to/4bVYZ4D I am an Amazon affiliate and earn a percentage from qualified purchases. I also liked "Rich Dad Poor Dad: What the Rich Teach Their Kids About Money - That the Poor and Middle Class Do Not!" and "How to Win Friends & Influence People" and "Predictably Irrational: The Hidden Forces That Shape Our Decisions" just to name a few books. Again I got them all on audio book for free through the local library which is now online. Listening while driving makes use of normally wasted time in a car.

@mrvictor60 Ай бұрын

First

@shaunwilliams2312 Ай бұрын

In your opinion, what is a good asset allocation model for those pre retirement and post retirement? I've heard you should gradually increase the amount one puts towards bonds the older they get.

@financial_freedom101 Ай бұрын

For me I hold 3-6 months worth of cash equivalents and any money I may need within the next 5 years (CDs, High Yield Savings, etc.). Any money I do not need for at least 5 years I have in stocks and most in SPY, VOO, SCHD, SWPPX, and similar because it may take 5-10 years to recover from a crash. I have a very small portion of inflation adjusted I Bonds through the US Treasury which can be cashed after 1 year and gain interest for 30 years. As I approach retirement most of my money will still be in stocks because I do not plan to touch it for many years and want to live off of the gains and dividends. I will buy bonds when I think the interest rates are going to go down which may be a while due to increasing inflation since bond value is inversely proportional to interest rates. I will keep at least 5 years as cash equivalents and draw down no more than 4% per year from all accounts and will look to take advantage of pulling from long term capital gains at 0%, 401k traditional accounts up to the standard deduction, Roth IRA to make up any difference and social security while paying zero federal taxes due to understanding tax laws. All investments carry risk and can lose value.

@thiennguyenquang8618 Ай бұрын

the topics you do . What documents did you learn from?

@financial_freedom101 Ай бұрын

Look at the details section of each video and there are links to source documents. I have also read many books, learning from mentors, and being an entrepreneur/investor. I have learned a lot from others and making mistakes early on so I am trying to help people avoid the same mistakes by serving as a mentor to this community. I have accrued over $1 million in net worth mostly through investing in stocks, real estate, and businesses.

@thiennguyenquang8618 Ай бұрын

@@financial_freedom101 I follow the same channel as you. This person did the same thing as you 10 years ago. What I see in common is that you all record videos and have whiteboards and write down the same topics. Are there any books or advisors or teachers? let me know. kzfaq.info/get/bejne/f7mTirhqnrGmd2g.htmlsi=mvCHsz_hpwpol_81

@thiennguyenquang8618 Ай бұрын