I'm African and had a very similar upbringing. My parents were strict and frugal and didn't want me to move out after college, so I took advantage of the situation. Saved all my money and invested in rental properties and other investments and they did too. Now we're all living on passive income and traveling the world 😊

Lady you are so right. Just take a first step and then another and another. It will get you where you want to go. Works for anyting!

Excellent advice. My values are similar; work all the overtime hours and save, save, save. Thank you

Thanks for the video. I am not an expert in T2 but have filed lots of them. I always come up with a problem that the software says the asset doesn't equal liability+shareholder's equity. Any ideas?

You make every aspect of the topic crystal clear. The problem is that many or most are unwilling to do the things necessary to achieve what they say they want to. You are describing a lifestyle a disciplined lifestyle.

My company paid a consultant to provide retirement classes when I was 24 and just started saving for retirement. The class was called "The Kids Table" and basically their advice was go with a target retirement fund that aligned with your 65th birthday. That was 20 years ago. It is the only thing I've ever invested in. How else can I grow my finance?

Every year I am seeing that my mutual funds have a higher percentage of payouts at year's end for short-term and long-term gains. Historically, this trend was negligible and not noteworthy, but now, it is becoming a problem with some of the funds. The good news is that it is in the retirement account, so I am not getting hit with a tax bill. The bad news is that excessive sell offs over time signal that the fund could end up selling good assets to pay off excessive redemptions instead of having new buyers assume those assets to avoid a selloff. So what I am asking is, should I start to move my assets from mutual funds to ETFs that have far less frequent gains distributions paid out? If so, do I do it before or after this year's gains are paid out (in theory, it should be the same NAV to me, and I don't have a tax issue). Thoughts?

Speed of construction in North America has a lot to do with the labor laws / union work / safety laws . High rises in nyc can go up lightening fast when managed correctly. I’m not knocking Chinese work ethic, I commend it. But I think it’s a broader conversation than just cultural work ethic.

there's a street near my place, started construction since Bush second term. Still not finished yet.

First video I see from you. But taking into account emotions and dial down the expected returns is great. Makes you directly stand out from the crowd IMO. Keeping it real. Looking forward seeing more from you!

Spoiler alert I married a China woman and holy crap. She’s so cheap and so tight when she walks she squeaks it’s so annoying money is meant to be spent. Enjoyed ,all the China people I know think they can take it with them to the other side went to a Chinese funeral once there was a U-Haul attached to the hearse with all the guys shit in the trailer He thought he was going to take it with him.

Thanks for another great video

Brains & Beauty! Rare combination!!

This is Racist....save like a Chink....come on

As an investing enthusiast, I often wonder how top-level investors become millionaires through investing. Buying assets may seem straightforward, but choosing the right stock without a tested plan can be challenging. I've been attempting for some time to increase the size of my $210K portfolio, but the largest obstacle is the absence of clear entry and exit plans. Any guidance in this regard would be much valued.

If you don't find a means of multiplying your money, you will wake up one day and realize that the money you thought you had, had been exhausted. Investment is a ladder to climb the financial wall.

Hello sweety You are speaking like Beijing - Mumbai superfast express !!! So it is hard to understand. Anyway good job! Here is a new subscriber from India! NAMASTE 🙏

Excellent summary of the different types of funds. Great job!!

Managing money is different from accumulating wealth, and the lack of investment education in schools may explain why people struggle to maintain their financial gains. The examples you provided are relevant, and I personally benefited from the market crisis, as I embrace challenging times while others tend to avoid them. Well, at least my advisor does too, jokingly.

Great breakdown Alice. I think the previous comment saying beautiful multiple times was beating around the bush. I think he meant to say you are beautiful cause heck yeah you are. Thanks for the info and the eye candy! ❤

Wow Beautiful information to our beautifully Universe,.. Thank you so big Sister

Thanks Alice for this information content. Love how you explained the differences with examples.

Sis, you're smart and cute and you don't need a fake face -- eyelashes, eyebrows, makeup, hair color. Don't fall for the bullsh1t beauty standards.

I initially did the big ticket buy, 150k into SCHD, 75k TSLA, 25k VYM, 25K VUG, AMZN 25K. Now I'm dca buying roughly 2k every week of whatever is on sale, and looking to add more tech positions to my portfolio. I'm looking to hold long term 15 - 20 years, so hopefully my lump sum buy in doesn't bite me in the ass long term.

I think it was probably around 2017 when I first made a bet with 2 friends. Between the 3 of us, who could save 100k first. I finally hit the milestone last year, but I wasted at least 3 or 4 of those years gambling on options and futures. Finally I stopped putting money in those accounts and just switched to 401ks only. I got my first job in 2019 after graduating college and made about 30k per year. While I did partake in the grind of saving 10-20% in my 401k. Always having good savings habits helps a ton. I now am fortunate to earn multiples of my initial salary, and it's a no brainer for me to max my 401k each year, and this year I will also max my Roth IRA. I have no doubt that without good savings habits, I would still be stuck in the same rut my friends are in, who do not have very much saved, but I am so thankful I was able to learn skills in an area with high earning potential, and had the good fortune to have an employer who took a chance in hiring me. The first 100k took a good 5 years of earning and saving, even when I was as broke as can be. Now, I think the second 100k might take only 1-2 years depending on how the market is doing. Looking at S&P returns for the 40 different 40 year periods beginning in 1940 and ending in 2020 (1940-1980, to 1980 to 2020), I noticed that the average return was actually closer to 12% each year, and that every dollar invested, on average, was worth $50 after 40 years (not adjusted for inflation). It is wild to me that $100k would be worth $5M during the length of a normal career. For this purpose, we can probably assume that over 40 years, the price of things might 5x, so realistically, the first 100k now, would make you feel like a current millionaire, when you are retired. Of course, that $100k isn't including the additional savings you would be doing in future years.

Reading it right now and Into the third challenge. Out of 5 asks for challenge #1 I got three gifts, one being the author. It really encouraged me.

Every time you drop I gain knowledge into action.

This was very well done !

It's crazy how these points and math is so obvious but bot obvious to some. 😮

Is there an analysis for lease to buy? That's where I'm stuck deciding.

I alwhave a financial goal but come up short because of laid offs setting me back each time its detrimental 😢

Election is one of those things that could really contribute to portfolio growth and vice versa. I've been going hard with my investments this year and have been able to build up to 180k, Are there tips I could apply to help me grow my portfolio even more during this election season?.

I have to eat at least 1200 calories per day or I stall immediately. I tried OMAD but I get full after 6-700 calories..so I have to eat twice.

Thanks for sharing this!

Slow is the way to go.

Sounds a lot like Eastern European culture and any settlers who came to Canada… they lived though wars and the depression… total respect for this way of thinking!🎉🎉🎉🎉thx!

I am Indian and i can relate to this video ❤

All of this is so true! I was shaking my head “yes” at everything especially the red envelope money. As kids I remember we would get the red envelope, peek inside and then immediately hand it to our parents to hold. Then the next day it was off to the bank to deposit it.

Same with Indian parents

Indians do the same

Vegetable Gardening needs to be Taught, it's like Teaching a Person to catch a Fish

The Problem is that the School System is that They give a one Size Fits All. I have bad Ball Skills and My worst Teacher was My Phys Ed Teacher having to put up with His Insults for Missing the Ball. My Art Teacher was My Favourite as Art is one of My Strengths

Yes, more of this type of video, please.

people use to save in usa; after nixon took the country off the gold standard which resulted in the arab embargo of oil; then the resulting inflation and continued deficit printing it no longer made any sense to try and save. Prices for everything have risen so much that is why the country will become insolvent along with the so called middle class. Most americans are not ready to live in a house with 25 other people like many asian families do. China is highly indebted at the provincial level and their youths highly unemployed and the ccp spies on its citizens it restricts free speech and internet access and still sends students in the US and other countries. I doubt that the money saved is any solace for lack of freedom.

Thank you for this. When changing tax software company, they ask to load a .cor file, which, I assume will contain previous years' information. Do you have a video or reference on how to go about this?

Medical Aid takes a chunk of my funds.

go to 6:23 and you will see whe over =cooked this.

Alice, I'm from Lagos Nigeria and I find your content quite relatable. Thank you so much!❤

Let's not forget China has Credit Score System. Slippery slope.

This looks so simple but it has great structure behind it! LOVE LOVE IT I was creating my own finance tracker and it was really hard to create an automatic savings database. After watching your video I got the idea of grouping by the month as a related view for the saving database! What a clever idea and I thank you for it Wish u the best ♥♥♥♥♥♥