You Don't Need to Win The Lottery to Get Rich

You Don't Need to Win The Lottery to Get Rich | Shark Tank's Daymond John

Рет қаралды 15,630

6 ай бұрын

Let's talk money management! You don't need to win the lottery to get rich - you need to utilize compounding interest.
#sharktank #daymondjohn #moneymanagement #wealthbuilding #moneytips

Пікірлер: 25

@The_don_bon_experience 6 ай бұрын

Right on ! Your amazing

@michaellaning5563 3 ай бұрын

You should have mentioned Roth IRA and 401ks…now you have people thinking their bank will generate this wealth for them.

@brenosh 3 ай бұрын

Real 🙌

@Shakerhossainvlogs 6 ай бұрын

Brother Love From Bangladesh ❤❤❤

@buildtexaustin2412 6 ай бұрын

Where do you put it ?

@user-qx2wt2nr1b 4 ай бұрын

Leaving in the bank

@michaellaning5563 3 ай бұрын

Not a bank! He is referring to Roth IRA’s or 401ks. Banks will not give that much interest to really take the full advantage of compound interest.

@cgloszwaysz5858 6 ай бұрын

Still waiting on you to post with better Audio, there is cheap USB C mini microphone that work just fine if you add to cart 🛒 lol,

@terpz47 6 ай бұрын

At age 18 if you put 100 in the bank until age 50 that's $38,400😂😂😂

@rohankotha7805 6 ай бұрын

not compounded at the S&P rate for 32 years, he's right. At 8% yearly(Average) he is correct. Maybe listen to the money management tip of a millionaire instead of saying stupid shit because you don't understand basic finance.

@terpz47 6 ай бұрын

@@rohankotha7805 yes I don't understand basic finance so Thankyou for your comment.

@michaellaning5563 3 ай бұрын

Good thing you said something. Yea he is talking about accounts like a Roth IRA or a 401k. A bank os just for expenses and an emergency fund….not building wealth.

@brenosh 3 ай бұрын

@@michaellaning5563he’s not talking about the accounts he’s talking about investing it but he’s not being very descriptive lol. He is talking about getting compounding returns after investing into the S and P 500 index.

@JYO2023 6 ай бұрын

Thanks. The real reason I want to win the lotto is to help Gods church first, family who need it, and lots of other people lots hurting now. And maybe a place for me that has a washer dryer in my place that’s a nicer place then I have and my place is sweet. I love to watch all of you on Shark Tank. Respect your accomplishments in life. I feel I haven’t accomplished what the world thinks but I have the best life God in it who helped me to get all that I have and family.

@a.d.j.9659 6 ай бұрын

Banks don't give compounding interest. A flex annuity will do it.

@isthatdave55 5 ай бұрын

I would like to know more about this, ik you probably dont want to discuss such things in a yt comment section but could you point me in the right direction? Should I talk to my bank/credit union about this? Thank you even if you don't reply just learning the term Flex Annuity is new information for me.

@a.d.j.9659 5 ай бұрын

@@isthatdave55 What I've learned - if you set up a flex annuity where you set up a certain amount to contribute each month for it to mature at retirement you'll have a greater return. In this type of insurance product the interest (about 4%) is compounded. I've not seen this in bank products. Maybe Daymond knows something I don't. Banks interest is usually low - about 1%. I like Cincinnati Financial for example.

@brenosh 3 ай бұрын

@@isthatdave55 don’t get into annuities just dollar cost average into the S and P 500 inside a Roth IRA it’s much less restrictive and you will have much more control of your investing

@darrellranger9865 6 ай бұрын

How do I get to show you a proposal directly without going to shark tank

@eviep7134 Ай бұрын

What do you think you should invest in besides yourself in 2024? 🙏💯❤️😉🌞😎

@MauriceBriscoe 5 ай бұрын

401 k

@3iiis 6 ай бұрын

Other dimensions are achievable by opening ur 3rd eye and having a kundalini release👁🧠 I've done this with dmt shrooms lsd, ayahuasca also achieves these mindstates it's called the Astral realm it's like a near death experience🍄◽️✨️🌿 u get to see the otherside

@armydog20 6 ай бұрын

But how can you make compound interest, in a Islamic countries where interest is forbidden? Is there an alternative way, that doesn't include interest?