The Formula I Used To Make $412,847 In My 20s

Рет қаралды 43,266

Жыл бұрын

Cashflow $100,000 in 12 months
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All opinions expressed by Vincent Chan are solely Vincent Chan’s opinions. You should not treat any opinion expressed by Vincent Chan as a specific inducement to make a particular investment or follow a particular strategy, but only as an expression of his opinion. Vincent Chan’s opinions are based upon information he considers reliable, but does not warrant its completeness or accuracy, and it should not be relied upon as such. Vincent Chan is not under any obligation to update or correct any information provided. Vincent Chan’s statements and opinions are subject to change without notice.
Past performance is not indicative of future results. Vincent Chan does not guarantee any specific outcome or profit. You should be aware of the real risk of loss in following any strategy or investment discussed. Strategies or investments discussed may fluctuate in price or value. Investors may get back less than invested. Investments or strategies mentioned may not be suitable for you. This material does not take into account your particular investment objectives, financial situation or needs and is not intended as recommendations appropriate for you. You must make an independent decision regarding investments or strategies mentioned. Before acting on information, you should consider whether it is suitable for your particular circumstances and strongly consider seeking advice from your own financial or investment adviser.

Пікірлер: 127

@VincentChan Жыл бұрын

🎬Join the FREE Creator Business Accelerator Facebook group to turn your KZfaq channel into an income-generating machine → facebook.com/groups/creatorbusinessaccelerator

@PrincessMultiracial Жыл бұрын

I love your story. Storytelling is one of the best teaching mechanisms because it reaches people on a personal level. My family is from the Dominican Republic and we came to NYC. I didn’t speak English when I started kindergarten so I had to learn English on top of being the one who was outcasted so i didn’t have genuine friends. Growing up in a single mother home, moving from hood to hood in Brooklyn, financial struggles were an understatement. Between doing bottle deposits for laundry money, shoplifting school supplies, amongst other things, poverty is one of my biggest traumas and is my motivator. We’re about the same age, Vincent. I want to be a millionaire by 30. Thank you for sharing your story. I completely relate to you when you said you were always in control even as a kid. I also had to do things like translate and figure things out for most people around me. I didn’t have much figuring out done for me. So I always had to make my own initiative, my own navigating, and my own discovering.

@VincentChan Жыл бұрын

thank you for sharing your story, it's fascinating to hear how similar our stories are even coming from different backgrounds. I'm wishing you the best of luck on your goal! are you on track to reach it?

@AC09524 Жыл бұрын

Poverty sucks.

@If-nu9qo 28 күн бұрын

@@AC09524😢

@Mrandyol Жыл бұрын

Your parents were like mine where they couldn't speak english, so I helped them with their rental properties business. Although I did not hussle, I had strong work ethics too and started work early. Also managed to have early internships throughout University. Just like you, I learned a lot of important money-making skills early on that I've been thankful for. By the way, although I wasn't made fun for my clothes, I didn't feel like I had fit in. My schools were predominantly caucasian, and the isolation actually motivated me to strive to be better at sports and athletic activities. This gave me confidence, and also deterred the attention of bullies.

@VincentChan Жыл бұрын

thank you fo rsharing your story, appreciate it. are you working on your parents rental business now?

@SpencerJohnsonOfficial Жыл бұрын

Thank you for sharing your story Vincent. This is super inspirational and full of helpful nuggets to keep in mind as I’m on my entrepreneurial journey. Thank you for what you do!

@VincentChan Жыл бұрын

thank you for watching and commenting spencer! best of luck with your journey - you got this!

@SpencerJohnsonOfficial Жыл бұрын

@@VincentChan Of course man! And thank you! You're an inspiration to many, so keep up the great work.

@johnchan9392 Жыл бұрын

Thanks Vincent for a great reminder video. Growing up in the same culture as yours, it brought memories. I recalled not having a backpack in grade school and all of my books and lunches were put into plastic “reused” grocery bags. It was not until I reached grade 9 when I received an average backpack, which took me to university.

@VincentChan Жыл бұрын

thanks for sharing that. it must've been tough just using grocery bags as a backpack :(

@johnchan9392 Жыл бұрын

@@VincentChan - looking back, at least it taught me not to keep up with the Jones (no disrespect on the name use) and the value of the dollar at a young age. We are now well off and I still refuse to get an expensive backpack. 😆.

@MikeNardiTV Жыл бұрын

You are a great story teller Vincent! Video was awesome

@VincentChan Жыл бұрын

Glad you enjoyed it Mike! appreciate the support

@muximaginedemux Жыл бұрын

Hiii Vencent…… It’s was great….. now u r confident enough to share your insecurities…… I love to watch ur videos….. they r very helpful for a person like me ……. All the best 🎉 keep sharing keep growing

@JennyHoyos Жыл бұрын

love this video, very inspiring 👏

@VincentChan Жыл бұрын

hey jenny!! great to meet you a vidsummit :) just subscribed to your channel. looking forward to seeing your stuff

@JennyHoyos Жыл бұрын

@@VincentChan thanks!! great to meet you as well, feel free to lmk if you’re ever down to talk youtube!

@TinManFIRE Жыл бұрын

Vincent. Thanks for the courage to share your money story. Your willingness to be vulnerable on the internet shows the size of your heart and separates you from other finance KZfaqrs. With what you’ve accomplished at 24 despite the adversity and rejection there’s no limit on what you will accomplish in your life. I wish I knew half of what you know when I was at your age (I’m 38). I am continually impressed by your ability to draw us in with your thumbnails and titles and then keep us engaged through your story telling. You are inspiring a generation of young people to make good financial decisions. I know youtube can drain you creatively, but take breaks when you need them and keep going when you feel recharged.

@VincentChan Жыл бұрын

thank you tin! i really appreciate that comment. I'm wishing you all the best in everything!

@AC09524 Жыл бұрын

Don't forget the best place to shop: Ross

@AC09524 Жыл бұрын

You can make a million a year as a pilot

@kimmykero2421 Жыл бұрын

Thanks for sharing yours Vincent, its utterly invaluable to many of us who don't have your courage and feel like we have no voice, but have fought the same battles (are still fighting) and are a little bit behind you!😊

@mkwok47 Жыл бұрын

Thanks for sharing your heartfelt stories, they're very inspirational and the humor keeps it entertaining. You're a mad evil genius for linking separate videos together at the end of each one lol i can't stop watching

@valerievalentova Жыл бұрын

I've had similar struggles and I'm a bit behind you but things are looking up. Hopefully I wont screw it up. :) Wondering whether to still go to school, last time I got so burned out trying to hussle n study n all at the same time it slowed down my process in the end. I do wonder if rich kids have it easier or if on the other hand they lack the motivation (like wearing ugly clothes haha same). Thanks for sharing your story and your channel in general. Not everything applies in the EU but still helps a lot to see your mentality! Keep rocking

@bellows4966 Жыл бұрын

I love the fact you mention your parents and their sacrifices. This day and age, we lend our minds to the thought of selfishness when it comes to happiness. Including our parents in our happiness is a goal that is forgotten far to often. Thank you.

@embryisaac_ Жыл бұрын

Truly inspirational. These videos always make me want to do better and keep going. Thank you Vincent!

@dianalilu3 5 ай бұрын

You're so inspirational... been watching your videos for the last 6hrs. Love them!

@Elinal23567 Жыл бұрын

Thank you for your vulnerability and honesty, it means a lot to me and those who are still striving! ✨ best luck to you all of us

@javimunoz9232 Жыл бұрын

Another great video! I really like how you're defining a diferent content niche than the common personal finance youtubers who do 'finance news reacts'-type of content. You are getting closer to James Jani (another very good cc) with fewer but better videos 👏👏👏

@VincentChan Жыл бұрын

wow thank you javi! im a big fan of james so that's a huge compliment. any suggestion what kind of videos you want to see more of?

@jaredhardy7892 Жыл бұрын

Love the video man , your videos really pushes me to keep grinding and hustling and getting everything I dreamed for. One day ima have to shake ya hand and give you my appreciation

@VincentChan Жыл бұрын

thank you man! keep on grinding and hustling - you'll get there one day. wishing you all the best

@cutestcats3718 Жыл бұрын

I LOVE LOVE LOVE THIS VIDEO!! EXTREMELY WELL SAID!

@foodlover8151 Жыл бұрын

Younger me was so embarrassed when my mom buy a shopping cart full of items on sale. She said better to stock up items on sale. Now I do the same. I buy boxes of Toothpaste on sale. Nothing in my house is paid full price.

@johnchan9392 Жыл бұрын

Same here. Growing up and watched Mom bought items a little more when on sale benefits me now when I do the shopping. Saving a little here and there adds up over time. When items are half way remaining, I start looking at the weekly flyers for sales. Thus, I will never run out and staying away paying for full market prices. Money saved goes to investing to generate passive income for future purchases, at the expense of someone else. The mindset of the wealthy.

@HelloWorld-fg2nm Жыл бұрын

@@johnchan9392 mindset of the wealthy is not obsessing over savings. It's about building income streams...

@VincentChan Жыл бұрын

hahaha same! i still remember my mom and grandma would take extra napkins from mcdonalds so we would have napkins at home

@matthewguan10 Жыл бұрын

Great video Vincent, and love the storytelling! I always learn something, and can relate to your story.

@VincentChan Жыл бұрын

thank you matty!! that really means a lot man :)

@carlasolare Жыл бұрын

love this content! your editing and story telling is so good, glad to see someone so inspiring on KZfaq suceed!

@VincentChan Жыл бұрын

Thank you so much!! really appreciate that :)

@RealLifeGoodLife Жыл бұрын

This is a very inspirational video thanks I needed this ✨💪🏽not giving up no matter what

@VincentChan Жыл бұрын

htank you almanci. appreciate you watching andc commenting

@johnholly5585 Жыл бұрын

Best video to date Informative, personable, motivational and the visuals are interesting Keep developing, personally and technically, and looking forward to more

@TK.000 5 ай бұрын

I'm a new subscriber and binge watching your videos. Very inspiring! I could sit and listen to your stories for hours. Your videos and graphics are very well done.

@dabocousin Жыл бұрын

0:37 BRO I think I had the same spiderman wallet growing up

@luiscruz48 Жыл бұрын

Awesome video. When you are truly driven, failure is what pushes it you more. Nowadays many people do not know what to truly be driven or what hardship is. Hardship makes you stronger, more driven. Most people have dreams, but they don't take action. And they become just that. Dreams. Dream, execute, succeed.

@spowi8187 Жыл бұрын

Great video! But did I miss the part that explains how you quadrupled your money?

@whatever3409 Жыл бұрын

Here's my understanding of the formula 1: Bigger goals 2: Do not fear failure/Comfortable with failure - You have control, even if you fail, learn from failure ,you still have the skills/capability to succeed 3: If you do nothing, nothing will change, step up and break the poverty cycle I was expecting learn what exactly he did! Disappointed!

@jedgeorge3485 Жыл бұрын

Thank you for sharing your story with us. At some point, you said you doubled the funds that you had. It would have been interesting to know more details about that. When I watch videos like this one, I am looking for clear, specific ways that the authors managed their money. So many presents the milestones, but don’t mention the details or the process. I understand that it is a highly personal and would probably make the video super long. Personal stories don’t apply to everyone, but it could offer an example, a case study which will still be valuable. Rather than watching videos that offer mostly the same advice I would prefer to see a video with the personal story of someone that gives a specific details about the process . I think videos like that could offer an added value here on the market.

@redhotgalego Жыл бұрын

When we learn the details, we often realize that whatever helped them wouldn't work for us for one reason or another. That's why they don't like being specific. Like, maybe he saved a few tens of thousands because he had a good job and was careful with his finances, but that wouldn't work if you have three kids.

@jedgeorge3485 Жыл бұрын

@@redhotgalego Thank you, Mona. I see, yes that can put off people, hmmm.

@TheAnimeist Жыл бұрын

You worked hard and saved money. Who would have thought?

@ElatedGrace Жыл бұрын

Great job Vincent! Inspiring lots of people here. Including me🧡

@scarrxx Жыл бұрын

facts it ain't no succeed or fail. It's succeed or learn

@melissadelatorre9758 Жыл бұрын

Love you vincent, shout out to Posse!

@anthonynoelson827 Жыл бұрын

You really look like Elliott choy. Even went to the same university

@CourseAcademy1 Жыл бұрын

Love your content man! Im hoping to get ppl inspired in my channel just like how you have

@Ironman31389 Жыл бұрын

Thank you! I needed this in my life!!😁

@VincentChan Жыл бұрын

than you!! how's your journey going?

@Ironman31389 Жыл бұрын

@@VincentChan Still struggling to look for an online job but i hope all my struggle will pay off. I will embrace failure along the way to become successful.😁

@wifibread247 Жыл бұрын

Very inspirational video. Think it will help a lot of people that are scared of failing

@VincentChan Жыл бұрын

thank you so much wifi bread! appreciate it :)

@jamie5252 Жыл бұрын

Wait so how’d you quadruple it?

@miriamstrauss Жыл бұрын

This video is amazing. I hope it blows up and gets hundreds of thousands of views.

@sarahfashion2701 Жыл бұрын

Thank you

@RinaHwang Жыл бұрын

Great video as always!

@VincentChan Жыл бұрын

thank you gina! how's your journey going?

@maverick2587 Жыл бұрын

great video!

@Sarumanthewhite888 Жыл бұрын

Thank you Vincent, we are so amazed with your life story and have successfully become a millionaire, your parents must be super proud of you!

@VincentChan Жыл бұрын

thank you paul, really appreciate that :)

@coachmaya3759 Жыл бұрын

You didn't mention the special secret to tripling money in 3 months.

@yasminbam8852 Жыл бұрын

I love the stroytelling and memes ;)

@VincentChan Жыл бұрын

thank you yasmin :) where are you on your journey

@yasminbam8852 Жыл бұрын

@@VincentChan Just started investing long-term :) Learned alot from your channel! Thank you!

@Norppa46 Жыл бұрын

This is great reminder for me. I feel like I'm not able to make changes and succeed in my life. Hopefully I can turn this around.

@VincentChan Жыл бұрын

you got this juuso! where are you in your journey?

@diegocardona8632 Жыл бұрын

Hey Vincent what do you use to edit your videos? Do you pay an editor or maybe use AI or something like that?

@VincentChan Жыл бұрын

adobe premier pro!

@VincentChan Жыл бұрын

🎬 Supercharge Your Educational KZfaq Channel & Build an Income-Generating Machine → vincentchan.co/cba-training/

@janefromthecountry1820 Жыл бұрын

It would be interesting if you made one entire video about your parents influence on your career path and personal finances. How much is your monthly rent? Health insurance carrier?

@loyaltycoker6400 Жыл бұрын

Nice video

@Jpop11 Жыл бұрын

next vid: ‘how i made 1mil selling farts’

@dontran6061 Жыл бұрын

I can relate to this.

@VincentChan Жыл бұрын

thanks for watching don! appreciate the comment. what's your upbringing like?

@emmanuelmindo Жыл бұрын

Great video!

@VincentChan Жыл бұрын

Glad you enjoyed it :)

@nessal5153 Жыл бұрын

Great video 💖

@VincentChan Жыл бұрын

Thank you!! appreciate it

@Some1SaveMyGoat Жыл бұрын

Sounds great and everything, Vince, but I am 24 and you were just flat out better at everything even with a worse backround. Can only relate to the perpetual suffering part. :/ Congrats though.

@Los408 Жыл бұрын

Hey Vincent, Such an inspiring video. Our stories our so similar. Im also a first generation american. My parents came from Peru to give us a better life. I went to college, worked hard, saved as much as I could. I just turned 25 and have a net worth of 90k. In about 3 months from now ill be at 100k. Anything is possible if you set your mind to it!!!

@VincentChan Жыл бұрын

that's amazing carlos! congratulations on your massive success so far :) let me know when you hit $100k! gotta celebrate

@jamesfilip8421 Жыл бұрын

Hey Vincent, one of my greatest successes was to truly understand that what I used to consider failures was the cost of education, and that education was the gateway to my success. There is a deep satisfaction that goes beyond monetary gain once you see it. James

@milan_netzwerkd6573 Жыл бұрын

Hey Vincent! In this video you talked about your struggles as a teenager and your early days of trying to make money. Im 14 right now and would love to see a future video about ways to make money as teen. Love your Content, Keep it up! Milan

@VincentChan Жыл бұрын

thanks for watching milan! i will for sure post more videos about that in the future

@milan_netzwerkd6573 Жыл бұрын

@@VincentChan nice ^^

@SoulPapiii Жыл бұрын

at some point u'll get better if you never quit but if you quit you might not ever get better

@MyPokebros Жыл бұрын

I loved the video, been binging your videos quite a lot and it's helping to boost confidence for sure. I think a lot of people have no idea how to take that first step. Where to go with it. It's all well and good to say take risks and don't be afraid to fail but when people don't know where to take risks or where to get started to even fail in the first place, advice like this falls flat. People who work 9/5 want to find more streams for income but don't have knowledge of where to even look in the first place.

@cooljtoosaucy Жыл бұрын

God Loves You Daily Reminder

@rodneycarter4860 Жыл бұрын

Hello

@D._.3NO Жыл бұрын

I made my first 100K 2½ weeks ago, it's quite the achievement. My goal now is to build something I can cashflow from and and invest in opportunities.

@VincentChan Жыл бұрын

wow that's amazing! how did you do it?

@dev.jessicabonzo Жыл бұрын

“if you do nothing, nothing will change.”

@SoulPapiii Жыл бұрын

be a sponge and absorb as much as u can from who you want to be

@SoulPapiii Жыл бұрын

even if you lose all your money tomorrow the one thing u will still have are your skills view your acquired skills as your financial floor and focus your energy into raising those skills to raise your floor level $$$

@SoulPapiii Жыл бұрын

whatever happens forward from this date just remember you have control of your future most people dont believe or realize they do dont be most people

@SoulPapiii Жыл бұрын

someone in your family has to step up and break the chains of stupidity and poverty ask yourself everyday why cant that some1 be you

@tinostarks Жыл бұрын

I didn't have 15k saved up till I was 35, u did it in High School, that's not normal man.

@followme8238 6 ай бұрын

Inspiring on one hand, but you didn’t deliver on how you went from 100 to 400k.

@cathyp94 Жыл бұрын

Hey Vincent Hong Kong is different than China And cutting coupons : is what exactly you do as an Asian And ... I still buy my kid over sized clothes 🤣 They grow too fast

@robcanad Жыл бұрын

Although I agree making money to become self reliant is a very worthwhile goal, I question this mindset of making money to become rich financially. First it's a million then 2, then 5, then 10... does it simply become a measuring stick of success or is it because one feels the more money he has the happier he will be?? Many studies have shown that having a lot of money simply doesn't equate to being happy. Now there is nothing wrong with being wealthy if you can handle it and keep your life in balance with family, friends, and community but unfortunately for most it becomes an all consuming endeavour until they lose perspective and their very sense of identity is tied to their wealth.

@UTAH100 Жыл бұрын

$100k at 24 is better than most but still not much.

@pvarawat Жыл бұрын

Our parents are smart. They know life is built on saving not spending. Then you have money to invest in the future.

@baztarta Жыл бұрын

your hair was better in high school you got it twisted homie.

@VincentChan Жыл бұрын

different strokes for different folks :)

@Fury-lf1sg Жыл бұрын

"It doesn't matter how many times you failed, most people didn't even try because it is beyond their comfort zone" -Anonymous

@robertparsons313 Жыл бұрын

This is the greatest of America: "with God as my witness, I'l never be hungry again!" Thanks for sharing with us, Vincent!

@ennz2798 Жыл бұрын

you full of it dude... w.e

@VincentChan Жыл бұрын

why do you think im "full of it?"

@concernedrn2844 Жыл бұрын

Nothing to learn here except fail and learn from your failures. There, now you don't have to spend the time on this video

@OakQueso Жыл бұрын

Cringe outro. You can tell people to check out your other content without being a sell out. "You NEED to check out this video and learn the 6 reasons why you're broke" wtf are you on my bro. No one NEEDS to check that out. I'm also good on money my brotha I got 135k invested at 21 years old. That'll set me up for retirement already, I'm never going to be pulling out of that johnson. if you're going to be a sell out, own it. Make it funny or something. At least don't front like you're not being a sell out. Be real. Like the app. Most people are here to be entertained, and some people are here to be informed. No one is gonna find you entertaining or informative if they can't trust you. Or if it feels like you're just doing this for the money. Then this whole thing just feels like an advertisement. I liked the video