The only way to stop being broke

For those of you who were here a few hours ago, THANK YOU for pointing out the upload error. If you could hit like, drop a comment and watch the whole thing for the algorithm that would be a HUGE help because this rocky start ain't gonna bode well. Love you all.

TLDR; 1. Save minimum 10% of your income 2. Increase your income to save more 3. Invest the saving to have more income

Paying $55 for a delivered pizza was a wake up call to me. A $4 Tony's or Red Baron would've done the trick but I was not sober and able to drive. Next day I stocked up on frozen pizzas and began to evaluate everything I was wasting money on.

Understanding personal finances and investing will most likely lead to greater financial independence. By being knowledgeable about money and investing, individuals can make informed decisions about how to save, spend, and invest their money. A trader made over $350k in this recession influenced market

The 1% of rich Americans think of how to invest their money to increase their wealth during the recession. While the 99% of struggling hard-luck Americans think of how to survive without food and daily necessities in the recession and the coming hyperinflation. I am just about to make my first index fund purchase via vanguard. I intend to invest long term. just getting slightly stuck on how I balance my percentage portfolio between equity vs bonds. Low risk is good for me. Any tips

Find quality stocks that have long term potential, and ride with those stocks. I have found it takes someone who is very familiar with the market to make such good picks.

I just sold a property in Portland and I'm thinking to put the cash in stocks, I know everyone is saying its ripe enough, but Is this a good time to buy stocks? How long until a full recovery? How are other people in the same market raking in over $450k gains within months, I'm really just confused at this point.

Success depends on the actions or steps you take to achieve it. Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Financial management is a crucial topic that most tend to shy away from, and ends up haunting them in the near future.., I pray that anyone who reads this will be successful in life!!

Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Financial management is a crucial topic that most tend to shy away from, and ends up haunting them in the near future. Putting our time and effort in activities and investments that will yield a profitable return in the future is what we should be aiming for. Success depends on the actions or steps you take to achieve it. "You're not going to remember those expensive shoes you bought ten years ago, but you will remember every single morning when you look at your bank account that extra 0 in there. I promise, that's going to be way more fun to look at everyday", I pray that anyone who reads this will be successful in life too, 🙏🙏🙏

Solid advice. I grew up in a poor household and was neglected during my childhood. After being kicked out and living on my own, I've quickly learned the importance of a dollar. Landed a full-time job at 17, and invested the remainder of my first paycheque after clearing monthly expenses. I've done that every paycheque since. Paid my own way through part-time school while working full-time and renting a small apartment. Lived frugally, never buying anything I didn't need, but instead spent cash on experiences and whatever it took to meet the right people. 25 years later my family and I are financially independent, and travel the world on a whim. My investments pay all my expenses. But I continue to contribute all excess cash to my investments, and otherwise spend little (15 year old car and cracked 5-year old smartphone because it still works!). Wealth is there for the taking-- it requires direction, discipline and TIME. Of course living in a relatively wealthy country, in terms of both GDP and opportunity, certainly helps!

I started with a $500 investment in some concrete tools and learned how to finish concrete. 10 years later I don’t do concrete anymore but we do about $5m a year. The most important thing I learned is to just start doing something. You figure out what works and what doesn’t along the way.

“This is why you’re in debt”

I want a balanced portfolio with growth investments, safe investments, and also focus on dividends to gain up to $20K monthly, my concern is picking the right stocks that can survive a recession. How do i go about this ?

So broke I had to get this video notification twice

Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got to talking about investment and money. I started investing with $150k and in the first 2 months, my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and get more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family.

To my understanding this just proves how much we need an edge as investors because playing the market like everyone else just isn’t good enough. I've been quite unsure about investing in this current market and at the same time I feel it's the best time to get started on the market, what are your thoughts?

Great video. For me I have a 3 fund portfolio consisting of 33% S&P, 33% Total stock, and 33% international. I feel a need to focus on complete growth so I went 100% stocks, but does the SP500 and TSM overlap too much to make sense holding both? However I’ve been in the red for a month now. I work hard for my money, so investing is making me a nervous sad wreck. I don’t know if I should sell everything, sit and just wait but watching my portfolio of $450k dwindle away is such an eye -sore.

4:20 pay yourself first! 6:30 increase your ability to earn through education. 7:20 video editing. 8:15 monitor what you’re consuming - is it distracting me or helping me help others? 9:00 copywriting. 9:28 what’s occupying your mind. 10:20 audible sub. 12:05 save your money. 12:50 inflation 14:33 start learning to invest. 14:44 diversify. Land. Gold. Index funds. 16:00 solve a problem

"Perfection is the enemy of progress." Just get out there and start guys, take action. You don't need to, and never will, know everything before you start doing something.

"perfect is the enemy of good" this shit hit.