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I started watching this thinking "Yes please, I'd love to have more money". Then you realize it requires saving a thousand dollars a month, which is literally impossible to do for most of the current millennial workforce. Most millennials live in multi-bedroom apartments with roommates sitting around $2800-3500/mo, while earning $17/hr, working an average of 30 hours a week. That's just over $2000/mo in income after taxes. Let's say rent is $3000 for a three bedroom. Your share of rent is $1000. You have $1000 left. Minus health insurance, car insurance, car payments, phone bills, power bills, internet; you're already looking at around $200-$400 left over, depending on how much power you use, or what car you finance.
Seeing as a car is the lifeblood of most people's ability to work, let's say someone got rid of their car. You then have to take the bus to work, and most cities do not have great public transit. It takes you two buses to get to work. $5/day for 25 days of the month is $125. At this point you're spending more money on bus fare than you do on car gas per month. What else are you going to gut? Your phone bill? The one you need for work or emergencies? The power bill? How do you wrangle in a househood's worth of food if everyone is out for themselves? Nobody else is paying for food for you.
Saving is one thing, but there should be some acknowledgement to the actual financial realities' gen X and gen Z are facing with wage stagnation contrasted against the cost of living doing nothing but increasing. You can't just "save" these problems away. In order for someone to save 100k in a year, they would automatically need to be making more than $3000/mo, which is almost nobody within the service&labor industry unless they're killing themselves working more than 40 hours a week. 40 hours, not even being considered a "full time job" anymore. Many states have reduced that classification to 34 and 36, depending on location. The math does not math.
This video seems like a long commercial.
ОтветитьI lost over $80k when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that's what everyone said. I'm still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I'm really grateful I found one source to recover my money, at least $10k profits weekly. Thanks Charlotte Miller
ОтветитьHe didn’t talk about taxes at all. Even if you make 100 K, you will not be taking home that amount.
ОтветитьYou're Right, most people spend first, then look at what they have left, to save. some four months ago, I simply started Saving 20% of my Net Income, monthly. It is Satisfying to know - It Works! Cheers, Brad H
ОтветитьAll of those freelance gigs you mentioned require years, at least 5 before you are good enough with the software or camera gear to be competitive and to have enough clients to bring in enough money. So this video is really just click bate.
ОтветитьOne of the issues people face is that while they are saving, they are indebted to school loans or to banks, so that 100k is more like 50k.
ОтветитьThis video is incredible and the way you explained it is very easy to understand.
ОтветитьAnother recycled video....
ОтветитьI do not feel bad about not giving McDonalds more of my money
as I simply won't buy it if it isn't part of a deal.
Can’t save 1000$/month when I only make like 2500$/month 🥴
ОтветитьPro tip: get a small interest free $100,00 loan from your parents
ОтветитьOnce you have the 100k in savings, then what?
ОтветитьHow do you file taxes for your investments
ОтветитьGreat stuff man, I'm a new follower!
ОтветитьAs I near retirement, securing the stability of my 401k after the tumultuous year of 2022 is of utmost importance. I've heard stories of investors achieving up to $270k in ROI during this ongoing market downturn. Any guidance on how to improve my ROI before retirement would be greatly appreciated.
ОтветитьWHY PEOPLE LISTEN TO YOU , U NEVER SHOWING WHICH STOCK TO BUY
ОтветитьGreat content and I thank you for breaking it down!! Even in the current crypto dip, I'm happy I can smile back at my portfolio of $56,700 made from my weekly trade within a short period.💯💯💯
ОтветитьMaking 1million dollars sounds like a lot of money if you've never earned high figures before. It might seem like an obsolete objective, but the truth is new millionaires are created each day. How come so many people become millionaires and why can’t you do the same
Ответить❤
ОтветитьEspecially in these times, it amazes me how many ways I've found to get what I need or want for less. And, I do so love sharing. I stopped buying cups of coffee from Starbucks years ago and bought bags of my favorites instead. But since over a year ago, one of the not cheapest supermarkets has been offering BOGO specials weekly and I found two favorite coffees that they rotate in the BOGOs on a regular basis and now my coffee is half the cost. Win-win. There are so many ways to get the maximum value for every dollar, all you need to do is look for them. Taking control of your spending habits is vital. This will always serve you well.
ОтветитьI threw up a shot and didn't even hit the rim 😂
ОтветитьTo enhance our long-term investment mix, my partner and I are introducing a range of stocks and ETFs. We've committed $220k initially, with a particular emphasis on inflation-protected bonds and businesses demonstrating robust cash flows. I see potential for enduring growth in the current market, yet I'm also keen to explore strategies for generating short-term gains.
ОтветитьI got the idea now, but no money.
ОтветитьSolid advice bro 💪
ОтветитьGuys in my country would come up with a fancy name for this stratergy and make beginners pay 1k to learn it.... *LMAO....Dope stratergy🍊
Ответитьi agree. im learning here.
ОтветитьYou keep talking about my game stop stocks like that, I’m going to have to stop watching your videos
ОтветитьIf you want to make massive profits, it's only right you put in a significant sum
ОтветитьWhy doesn't Charlie monger have eyes
ОтветитьNot bragging, but I have more than this type of money and it hardly compares to what's needed for a decent house. I don't understand how real estate can be so expensive when people supposedly don't have savings
ОтветитьThat Kobe edit had me dead 😂
ОтветитьI make 15k a month so I think it’s attainable.
ОтветитьBeware of people recommending specific financial advisors on sites like this. Could be an out and out scam. Don't just hand people your money.
ОтветитьGetting the 8% in the market is the tough part for me
ОтветитьI already own Shares of Tattooed Chefs, Apple and Amazon I will add TSLA shortly too. But I will appreciate a video on short term profitable investment that could generate up to $1M in passive income for retirement
ОтветитьAs an investing enthusiast, I often wonder how top level investors are able to become millionaires off investing. I’ve been sitting on over $545K equity from a home sale and I’m not sure where to go from here.
ОтветитьIt's always a honor to have you here as a mentor, I learn a lot watching your videos and it has encouraged me in making decisions about my finances that changed my life. Imagine investing $2,500 and receiving $18,500 in just a week. I must say that working with Aaliyah Rodney is the best.
Ответитьthe basketball footage was so funny 😂
ОтветитьSo how do you turn 0 100k in one year you didn’t answer the question
ОтветитьI make $71/hr and STILL don’t make $100k per year thanks to taxes and basic healthcare deductions from my salary!! I’m single and get financially r-aped by Uncle Sam!
ОтветитьTrades. Step one lineman apprentices can make 32.40 an hour, get 100 dollar per diem and have 70 hour weeks. I've personally grossed 24k in 2 months.
Ответить😅
Ответить"When it comes to making such big returns, It is of paramount importance to seek advise from a financial coach, I got in touch with a broker and through her guidance I made enough income to sustain me during the pandemic when I got laid off and I've decided to stop working entirely, I'm currently living off my investments which brings in an annual return of about $550K…Thanks to my broker is JENNIFER MARY GAROMON I found in a business magazine where she was featured and reached out to her afterwards. She has since provide entry and exit points on the securities I focus on. You can look her up online if you care supervision. I basically follow her trade pattern and haven’t regretted doing so".
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