5 Signs You’re on Track to Being a Multi-Millionaire

[@Miakate-f3l]

The whole point of wealth for me is freedom. My magic number in my mind is 5 million needed at 65 to not worry about anything. Am i better off investing a good portion of my income into stocks or real estate to achieve this goal?

[@Jasonshelton-]

Varied sources of income is wise and especially living within your means. My net worth is $2M and I can pay my bills with no stress, but I don't live like I have that. I have no complaints.

[@Mathew-zs3nz]

Money advice is subjective, what works for you may not work for someone else, but it's always better to plan. I'm quite lucky exposed to personal finance at an early age, started job 19, bought first home 28, got laid-off work 36 amid covid-outbreak, and at once I consulted an advisor to handle growing my finance. As of today, I'm only 25% short of my $1m goal after subsequent investments.

[@Agatha.wayne0]

bravo! i'm 46, inherited money from a childless relative and traveled overseas, got married to a lady almost my age, but the only issue is how to preserve and grow my wealth in view of retirement, can your advisor be of help please?

[@Mathew-zs3nz]

I work with Jessica Lee Horst as my licensed advisor. Simply look up the name. You would discover the information you needed to schedule an appointment.

[@Steven-u2u]

Thank you for sharing, I must say, Jessica appears to be quite knowledgeable. After coming across her web page, I went through her resume and it was quite impressive. I reached out and scheduled a call

[@traviswes7082]

Net worth snowballs after $1M! Keep investing regularly and you'll be blown away how much it can change in a few short years. Here's to $1 million and to FIRE!

[@jessicawesbond2312]

My advice to everyone is this: if you want to grow big this year especially in your finances, be willing to make investments. Saving is great but investing puts you on a pedestal where you wouldn't have to worry about savings as much as you do now. Thanks to my FA, my portfolio is doing really great and I'm proud of the decisions I made last year.

[@LivaHolst]

Very true. People often underestimate the role and importance of CFAs. Over 50 years of data reveal that those who work with CFAs typically earn way more than those who do it alone. I've been fortunate to work with one for 4 years, resulting in a $400k portfolio, largely from early investments in AI and other growth stocks..

[@LarsBergstrom-uh2eu]

I've been considering but haven't been proactive. Can you recommend your adviser? Could really use some assistance.

[@LivaHolst]

I've stuck with ‘’Kathleen Cheryl Constantz” for some years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.

[@Alejandracamacho357]

Kathleen sure knows her onions in this industry, from her intimidating profile which I went through, on her web home page. I started off last year tailoring a colleague's tradin strategies but it didn't pan out well. Hopeful that Kathleen will attend to my message.

[@codeblue11]

As an lnvestment 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, is it a good time to buy into stocks or do I wait for another opportunity?

[@lucaswilliams9992]

the strategies are quite rigorous for the regular-Joe. As a matter of fact, they are mostly successfully carried out by pros who have had a great deal of skillset/knowledge to pull such trades off.

[@yeslahykcim]

I agree, having a brokerage advisor for investing is genius! Amidst the financial crisis in 2008, I was really having investing nightmare prior touching base with a advisor. In a nutshell, i've accrued over $2m with the help of my advisor from an initial $350k investment.

[@Jadechurch-ql3do]

impressive gains! how can I get your advisor please, if you dont mind me asking? I could really use a help as of now

[@yeslahykcim]

Lucinda Margaret Crist is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.

[@brianwhitehawker1756]

Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her.

[@nibpicky]

Another sign: Investing and not trading. Trading is luck-based, investing is time-based.

[@freddymiles681]

*Thank you😊 for this video, do you offer account management or have any recommendations?*

[@JessicaWilson7w]

As a beginner investor, it's essential for you to have a guide. Myself I'm guided by Mrs Victoria K Walter, a widely known consultant

[@KaylaAlexis.]

If you’re using a good manager, it’s easier to earn from the market

[@RebeccaEmily-s8h]

That's true. a lot of people today have been having lots of disappointments in trading in light of helpless direction and awful consultants

[@JeremiahParker-]

I've been trying to trade but I keep making losses and it's frustrating

[@MarcusDiana]

@@JeremiahParker-VICTORIA K WALTER is exceptionally good, i believe you should give her a try

[@soveinaaraceli]

You should know what your debt profile is alongside your saving to investing ratio. I'm saving and investing around 40 percent of my income. I have a high paying engineering job, and I live upstate MN. since covid my expenses dropped. I have zero debt on a 7 figure portfolio, low rent and car paid off. So i can just save. feel lucky and grateful my fiduciary came into play.

[@kalineats]

Truly It's all about using assets with compound interest to amass riches

[@AurucciLou]

I’ve actually been looking into the market lately, the news I’ve been seeing hasn’t been so encouraging. who do you use as your fiduciary ?

[@soveinaaraceli]

@@AurucciLou Dianne Sarah Olson is a hot topic even among financial elitist . Just browse, you’d find her.

[@calerothenis]

@@soveinaaraceli Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her

[@RoyMach1ne]

Most of the time when people say "I wish I had 1M$" what they really mean is "I wish to spend 1M$"

[@TaggeGust]

I will be forever grateful to you, you changed my entire life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Brooke Miller.

[@ReuletRikki]

She is my family's personal broker and also a personal broker in many families I'm United States, she's a licensed broker and a FINRA AGENT in United states

[@norbi147]

The very first time we tried, we invested $1000 and after a week, we received $5500. That really helped us a lot to pay up our bills.

[@SaadmaanShohid]

I'm surprised that you just mentioned and recommended Brooke Miller, I met her at a conference in 2018 and we have been working together ever since.

[@masterotrunks]

I'm new at this, please how can I reach her?

[@marthasteward0]

I just withdrew my profits a week ago, To be honest it was an amazing feeling when the profits hits my wallet I wish I could reinvest but, too much bills

[@FranciscaCarlos-w2m]

*I had problem comprehending trading in general. I tried watching other KZbin trading channels, but they made the concepts more complicated. I was almost giving up until when i discovered content and explain everything in detail. The videos are easy to follow*

[@MichelleJessica-x8j]

I've been making a lot of looses trying to make profit trading. I thought trading on a demo account is just like trading the real market. Can anyone help me out or at least advise me on what to do?

[@LevornCotton]

Trading on a demo account can definitely feel similar to the real market, but there are some differences. It's important to remember that trading involves risks and it's normal to face looses sometimes. One piece of advice is to start small and gradually increase your investments as you gain more experience and confidence. It might also be helpful to seek guidance from experienced traders or do some research on different trading strategies

[@LucyAudrey-e2q]

I will advise you should stop trading on your own if you keep losing

[@LucyAudrey-e2q]

If you can, then get a professional to trade for you i think that way your assets are more secure

[@LucyAudrey-e2q]

I'd recommend LANNA,GEORGE her profit is great even when there's a dip

[@patrickhenandez]

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.

[@lennoxmutterick6434]

Hi. I’ve been forced to find additional sources of income as I got retrenched. I barely have time to continue trading and watch my investments since I had my second child. Do you think I should take a break for a while from the market and focus on other things or return whenever I have free time or is it a continuous process? Thanks

[@patrickhenandez]

@@lennoxmutterick6434 However, if you do not have access to a professional like Clementina Abate Russo, quitting your job to focus on trading may not be the best approach. It is important to consider all options and seek guidance from reliable sources before making any major decisions. Consulting with an AI or using automated trading systems can also be helpful in managing investments while balancing other commitments.

[@lennoxmutterick6434]

@@patrickhenandez Oh please I’d love that. Thanks!

[@patrickhenandez]

@@lennoxmutterick6434 Clementina Abate Russo is her name

[@patrickhenandez]

Lookup with her name on the webpage.

[@FatimaAllister]

You work for 40yrs to have $1m in your retirement, Meanwhile some people are putting just $10k in a Bitcoin for just few months and now they are multi millionaires. I pray that anyone who reads this will be successful in life

[@MarcelWilson200]

I'm interested in investing, but I'm not sure where to start. Do you have any advice or contacts who can help me out?

[@FatimaAllister]

I started working with Antonio Alex back in June, and my financial goals have never been clearer. It’s like having a strategic partner for my money with a solid track record.

[@CynthiaJoshani]

I'm surprised that this name is being mentioned here, I stumbled upon one of his clients testimonies on CNBC news last week...

[@MarcelWilson200]

Mind if I ask you to recommend how to reach this particular coach you using their service?

[@FatimaAllister]

he's mostly on Telegrams, using the user.

[@MrChocoJon]

I always remind myself that we overestimate what we can achieve in a year, and underestimate what we can achieve in 5 years or 10 years.

[@ZalvadorZali]

Wow sometimes I think I'm not on track because I can't justify the extra guac at chipotle or sometimes buying 2 avocados for $5 sounds ridiculous. Seems like the awareness of that itself makes you get closer on track

[@rebeltheharem7028]

Honestly, 2 avocadoes for $5 is ridiculously expensive (for avocadoes, not in the grand scheme of life). I'm not even willing to pay over 3 for 5. You must live in an expensive area.

[@ZalvadorZali]

@@rebeltheharem7028 Central Phoenix has really gotten crazy. Aldi is literally a financial life saver!

[@budgetwithjenny]

The first 100k is crucial. Working on reaching 100k by the end of this year.

[@tomq12]

For the Newbie if you are actually trading in the crypto space and you don't have a sound mentor. Then you are certainly going to get liquidated in 90% of your trades. Yeah that's sad truth. I remember when i just got into crypto back in 2019 but later in 2020 i ended up selling it because i have lost alot trading all by myself without a guide. Got back into crypto early in 2024 with $20k and I'm up with $232k in a short period of time

[@toni56q]

I'm new to cryptocurrency and i don't understand how it really works. How can someone know the right approach to investing and making good profit from cryptocurrency investments?

[@dyer-ie3pj]

I'm a born Alice but sometimes I feel so down of myself because of low finance but I still believe in God.

[@tomq12]

I started working with devion back in February, and my financial goals have been clearer. It's like having a strategic partner for my money with a solid track record.

[@van5q21]

She is really a good investment advisor. I was privileged to attend some of her seminars. That is how i started my crypto investment

[@loriq238kx]

I've seen different people talking about this alice devion she must be very amazing for people to talk this good about her.

[@stacyjohnson7395]

What stood out to me the most was the compounding effect as your money grows. Thank you for sharing great content!

[@Jumpman67]

I started tracking my new worth 5 years ago right after I stated a new job and decided to take my savings seriously. Now my net worth is 4.5 times what it was when I started. You can't get to where you want to go if you don't know where you are.

[@mojovlogs9906]

Started investing journey back in 2020. It’s been an amazing journey and blessing. I’m proud to say I have most of these paths set up already. Only area I’m focusing on now is creating multiple streams of income for myself.

[@educatedwanderer9293]

Started investing 10 to 30% from age 23 onward, first million in liquid net worth reached at age 46, second at 52, and third at age 55. I agree it does snowball faster, and the returns begin to surpass your contributions making it really grow.

[@paulensor9984]

Formulae for getting rich focus on the means to multiply what you have created, meaning the wealth in who *you* are as an individual and what *you* can bring to the world of what others value, be sure to prioritise how you create, and then the means to multiply what you have created

[@michaelswami]

In Texas, we call the 30K millionaire “Big hat, no cattle.”

[@vinyl1Earthlink]

However, if you do manage to become a multi-millionaire, and have $5 million in liquid assets, then you might consider living better, if you wish to do so. Don't go crazy, but you can now easily afford to spend more.

[@KaySnacki-mj7zw]

28 Paid off house. (700k) with a rental unit attached. Full 6 months emergency fund. 220k in retirement 0 debt Working 2 full time jobs and putting 80% of it into retirement 💪🏻 My goal is to hit 250k in investments this year and 500k by 30 and just let that money grow.

[@4eyedgeek4life]

Nice job!!! Well done 👍 keep grinding!!

[@IrisP989]

Great job! Kids?

[@KaySnacki-mj7zw]

@@IrisP989 no kids haha! Yet!

[@pauchopkins12]

Very impressive man. Let me just give you one piece of advice as someone who did something quite similar and made millionaire status at 35… Now that you’ve been this successful you need to learn to treat yourself. People like us need to learn how to flex the spending muscle, even for small things. Believe me, the temptation to continue to hoard is there, but you’re gonna be fine. Live just a little and you won’t regret it later

[@IrisP989]

@@KaySnacki-mj7zw That partially can explain how you can put 80% into retirement. Kids can be expensive.

[@ArtistryinMotionPT]

LOVE your videos so much thanks for your work!!

[@navneetk12]

Everyone’s on their own journey - love this. It does require constant reminder for some of us when we find ourselves comparing with others.

[@antonv5488]

My parents always wanted to become millionaires and their dreams came true. Due to an insane inflation rate, everyone became a millionaire.

[@Warrior_Resisting_Colonialism]

Inflation devalues money, not increases it lol. No. Not everyone became a millionaire haha.

[@davab]

Only if you are considering your home as an asset which increased in value by 2 to 3 fold

[@ossiaaltola4578]

​@@Warrior_Resisting_ColonialismDevaluing money means you will get more of it

[@jackattackhissnack]

​@Warrior_Resisting_Colonialism millionaire means someone who has at least a million dollars in net worth, so yes, rampant inflation made a lot of millionaires.

[@Warrior_Resisting_Colonialism]

@@jackattackhissnack "A lot" and "everyone" is very different, isn't it? Inflation makes the dollar weaker. This means everything we have invested, has become worth less. It now has greatly reduced buying power. This does NOT put any of us ahead. It's put us all BEHIND.

[@user-gu3mu3mi2h]

I'd like to have another source of income but I really don't know where to start

[@awesomelf8230]

Honestly the "it's just five dollars" mentality hits people with eating take out versus just making food. And that's the same reason I just bring a lunch.

[@ld5714]

Welcome back home again Humphrey. Loved your pics included in Humpday.... Larry, Central Valley, Ca.

[@hi_mrmoney]

I passed that milestone twice before the age of 40. It is amazing how many people are basically financially illiterate.

[@OMGHIDE]

If your bank offers it I suggest turning on round ups it’s such a good way to save money a trickle at a time

[@BarnabyBarry]

Actually become a police officer in Southern California for 30 years -3% for each year -90% of your salary (CALPERS) annually with COLA and health benefits!

[@GOATED1973]

Humphrey - Your fit is as cool as your video today.

[@jimtong]

The first 100k is crucial.

[@AndreNygen]

I’m on my way to becoming a millionaire BECAUSE I’m living with my parents heh

[@pete5691]

As long as your wife and them get along you good!

[@arafathshiyam]

Can you make a video on how "Long Term Capital Gain" taxes work? Once we hold etf's and sell it, do we pay taxes right away? - Thank You

[@ItzTheThrill]

Thanks for all of the content!

[@JAG-kl2kn]

Important for those who are married: it’s a teamwork that should makes it easier in theory.

[@danwalsh3163]

Main reason why I am a millionaire

[@rustybanana]

Im 15 and dont have access to any of this stuff yet but im getting educated. Ive saved up 1200 dollars and plan on putting 400 dollars in a high yield savings account with a hopefully good interest rate. I'll get a job when i turn 16 and get more money from there to make wise, frugal decisions. Ur vids ARE SO GOOD KEEP IT UP!!!

[@voidfroze]

You’re awesome!! If you start saving consistently at 15 you will have a TON of money and be able to retire (or do whatever you want) in your 30s or 40s. Just please don’t go into debt for college, that is the quickest way to destroy your financial future

[@jason401.]

I'm 17 right now. Here's what I've done: Savings: Saved $2,000 in 2 months. (Ive only been "saving" for two months) Multiple Sources of Income: Two jobs and a HYSA. Roth next month. 401k next year Not upgrading your lifestyle: Unfortunately I bought a nice-ish car and will be buying a motorcycle this spring. I will have to work on this Growing liquid net worth: This has gone up every single month. My net worth has never gone down in my working life. Maximizing and optimizing my finances: Becasue of my age there hasnt been much of this that i could do. Overall i seem to be on a decent path. Between last year and this year I quadrupled my income. Between this year and next year I'm expected to quadruple again.

[@yourmanzach2307]

please listen to me! i am 29 and I am currently on the right track but I didn't start saving anything until I was about 21-22.... If you take savings more seriously you will have an ungodly amount of money. i used to buy a new car just about every year. if I hadn't have done this I would probably already have like 200k in my 401k. instead I have 66k, which is still good but wish I had more. So pay off your car and keep it. pay off the motorcycle and keep it. don't buy anymore depreciating assets for at least 10 years. every month put 1k into savings and strive to max out your ROTH IRA, and or contribute 5% of your paycheck to your 401k. Hope this helps!

[@jason401.]

@yourmanzach2307 I appreciate your input! I'm only allowing myself to buy the bike if I pay off my current car. It was expected to be a 3 year payment, but I'm doing it in one. The motorcycle will be a payment ONLY to build my credit. I will put a very large amount down and I'm not making a payment because I can't afford it. I plan on holding onto these vehicles for a long time. I'm putting 1k a month into my HYSA and hope to max out the Roth IRA because I'll be making good money AND living at home. I will match 6% on my 401k next year.

[@rebeltheharem7028]

Dayum, you started early. That's a good thing, as investments make more money the earlier you put it in. I hope you can ignore the market conditions and keep doing constant investments at a set amount no matter what.

[@jessepotter365]

Having the mindset at 17 is your biggest advantage. Try to withhold lifestyle creep and you'll be well on your way to multi-million status by retirement.

[@jason401.]

@rebeltheharem7028 haha I don't even look at the current conditions. Not a worry to me. History proves that it doesn't matter in the long term. I'm extremely grateful that my parents taught me about my personal finances when I was around 15. They've always wanted me to do better than them and taught me from their mistakes. They put me in a very good position.

[@philochristos]

One of the clearest signs that you're on your way to becoming a millionaire is that you have Nvidia in your portfolio.

[@nicolecook1245]

Always enjoy your videos!

[@Courtney-Alice-Gargani]

I'm not a Multi-Millionaire yet but maybe get there one day.

[@peterpayne2219]

Your content is super useful!

[@dazedhavoc]

2.3 mil here at 45. I’m working hard to get to 10 mil by retirement.

[@rebeltheharem7028]

Yeah, I've always been saving a ton of money for most of my life. Since I don't live an exciting life, and most of the things I like to do are on the cheap end (besides traveling). As such, I'm a boring guy who can save over 60% of his income every year.

[@4eyedgeek4life]

I think 🧐 you’re a cool 😎 guy.

[@Jaypes3000]

Do you have a recommendation for an app to track your net worth that includes rental properties?

[@missrd395]

Super helpful video. Some of the stuff don't apply Living in Europe. But yet the American youtubers and their info are better😅🤷🏾‍♀️so taking what I can. Thanks!

[@YT.Nikolay]

In one of your videos you said that investment must be boring, meaning no sell/buy actively, don't try to beat the market as well as do not check your investments each hour, but here you say to track income actively. Sounds controversial to me, thanks for the video!

[@1mz0qpal]

You can track income not on a daily basis. For example some dividend stocks pay out once a month, once every 3 months, once a year. Most rental properties charge rent once per month. You see how you can track your income on a monthly basis and be fine. He is talking about don’t check your brokerage 5 times a day every day. Be impatient with action and very patient with rewards as they take time to accrue. Most of us here are in it for the long run hence why constant daily check ins really doesn’t serve a purpose.

[@lmnopeace3153]

Can you share more about estate planning? I’m helping my 70 year old immigrant parents on this front and don’t know where to start

[@edpiano949]

@humphrey Thank you for another great video. I recently received a big lump sum and plan to put in all into Index Fund. Should I put it all in once or through scheduled multiple contributions across certain period of time? The coupon theory seems putting it all in brings the bigger return but I am a little scared of putting it all at once as there is a chance the market could be low at the time I do so and I suffer seeing it going down for a while. If I do the latter, what schedule makes the most sense, 10 scheduled investments or within 3 month?

[@user-ud2sl5qb3r]

Love the video Humphrey, I have a video idea for you. Since it has been a hot minute since you have revealed your portfolio. How about a portfolio video?😁

[@joejesus9902]

Hell yeah, in Zimbabwe dollars baby!

[@tHebUm18]

Finally started tracking my net worth back in February--it's nice to have it at a glance and have the historical amounts readily available to see it grow instead of just eyeballing it based on the biggest contributions periodically. Rapidly paid off my student loans after getting my first real job 7.5 years ago and after that had a net worth of about $2, today it's around $300k. 😃

[@voidfroze]

Yes!! I started tracking mine in March. It’s so motivational haha

[@nicksmith8141]

My investment gains have outpaced mine and my wifes 9-5 the last few years. We are hitting the acceloraror doubling down on saving and investing to hopefully retire early.

[@DennisJack-km8ho]

I'm already investing in stocks by watchiing youtube videos, but my portfolio of around $120k is not getting much yield. what strategy should I use at this point to make more gains?

[@RonaldPaul-rs6kt]

diversify into different asset classes but DYOR before investing. If you lack extensive market knowledge, consult a financial advisor to help you.

[@CrystalJoy-32]

Accurate asset allocation is crucial with an Experts guidance. I have 850k in equity, 300K cash earning 5.25 interest, 685k in 401k, 250k cash account, 120k in car assets ( paid off cars) Gold and silver bars. age is 48. My advisor helped me realign my portfolio to my risk tolerance and it boomed overtime.

[@jose2212-]

I'm intrigued by this. I've searched for financial advisors online but it's kind of hard to get in touch with one. Okay if I ask you for a recommendation?

[@CrystalJoy-32]

I've experimented with a few over the past years, but I've stuck with the popularly ‘’Amber Michelle Smith” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.

[@Sampson-jh7yq]

Thanks for sharing. I curiously searched for her full name and her website popped up immediately. I looked through her credentials and did my due diligence before contacting her.

[@cinnamontoastcrunch6395]

Could you do a video for kids coming into adulthood? Like I’m 23 I’ve been out of college for a year but am making 50k as a legal assistant in California in a VHCOL area and I’m struggling. I have a little under $30k total net worth and I rarely spend unless it’s necessary (my life is boring af). I know I can’t do real estate and I don’t come from a wealthy family (just middle class). What side hustle can I realistically do to earn more?

[@glasshalffull2930]

Test

[@SamRowe-pink]

Back in 2022 when Btc was at its cycle low, people were saying Btc is done for it's going below $15k US it's going to zero. Well it's down 10% from mid March ath 2024 and now everyone is shitting themselves. That doesn't make any logical sense especially for crypto.Its just a shake out phase, chill people go zoom out at old charts. We are at around 1.4 trillion market cap and only growing, just wait and see the price next year in March it will double....I've been engaged in active trading and managed to grow a nest egg of around 2.3Bitcoin to a decent 12Bitcoin....I'm especially grateful to Dorian j Townsend, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.

[@moscrew11983]

YES!!! That's exactly her name (Dorian j Townsend ) so many people have recommended highly about her and am just starting with her from Quebec canada 🇨🇦

[@SamRowe-pink]

she's mostly on Telegrams, with the user name.

[@SamRowe-pink]

dorianjtownsend

[@user-wr5yl3jf9j]

I'm celebrating over $1m portfolio. started this journey with 300k. I have invested on time and also with the right terms now I have time for my family and the life ahead of me just one of the things copy trade can do especially with the right trader like dorian Townsend.

[@Despolos-ie2qs]

Dorian was my hope during the bear summer "' last year. I made so many mistakes but also learnt so much from it , and of course, from Hattie. She is my number one when it comes to crypto and TA.

[@pete5691]

I’m glad this chart assumes a 7% return. Considering some of the timeframes are much shorter than others I think always assuming 10% is a bit overconfident.

[@taramcgriff1110]

Keep it up great vid

[@Johanneslol11]

I am not investing enough now because I am still paying off my student loan. I do hope to get better when I pay that off in 3 years.

[@commanderrandy3259]

I have a rental portfolio with equity worth $150k is that not as good as $100k in the stock market ? I don’t have any invested into the stock market but I have two businesses instead. How am I doing ?

[@rossinverted]

If there are data sets of top 50% people I'd love to see those lateral limits when doing the average/median of net worth, IRA etc. Don't think we should justify our pace by matching populations who are behind, right? Maybe not, but I prefer to chase the rabbit.

[@TheFirstRealChewy]

A good sign that you'll be a multi-millionaire is if you have a million dollars invested and have more than 10 years before you retire. The way things are going I hope we can get to a million dollars before retirement.

[@cmsniper81]

Humphrey what if we’re all in on $PLTR at $17?

[@mart1n10601]

Rami Seth called you out in his video responding to tik toks.Your tik tok was one of them. Did you see it? I think he took it out of context

[@ns2859]

My brother respects perfectly sign number 3 : he's still living at our parents house at 40 with a good salary and no expenses!

[@pete5691]

How did he find a wife who tolerates that? Must be getting crowded with the kids running around!

[@ns2859]

@@pete5691 He won't and he doesn't even try. He's too comfortable with this lifestyle.

[@pete5691]

@@ns2859 Reminds me of the conversation between tony stark and that scientist as they build the first iron man.

[@matt9741]

Humphrey- I want to follow the general rule of “being the market instead of beating the market” while maximizing returns where it’s possible. Finally diversified into international (FTIHX) but I wanted to know if I was crazy for wanting to hold both FXAIX (SP500) AND FSKAX (total market). This is for my Roth IRA and I was thinking of doing 80% in these two US indexes, 20% in international. There are a lot of sources saying it is too much overlap but I feel as though it gives me a total market mix with extra weight in the sp500. Thanks for any input!

[@humphrey]

I think it’s OK to have some of that overlap personally. 80/20 US/intl is a good split so if you stick to that should be ok

[@lucaspm98]

Do you have a specific reason you want to be overweight the SP 500? If the answer is because it’s outperformed the market recently - then ask yourself if it outperforming recently makes it more or less likely to do the same going forward. If you don’t have a clear answer to that, there’s no reason to chase past performance.

[@matt9741]

@@lucaspm98 well, one short term consideration is the weight I am already in on FXAIX. I went in 100% on that investment when I left my previous financial advisor and went to Fidelity until I had a better understanding of what I wanted. Long term, I am not completely opposed to being just total market.

[@matt9741]

@@lucaspm98one short term consideration is that when I left my previous financial advisor and the platform he used, I went 100% in on FXAIX until I figured out where I wanted to get more diversification. Now I am starting the process of balancing it out , but i still 90% in that SP500 fund. Long term, I would not be opposed to going all in on total market. I’m drawn to keeping extra weight in the SP500, but I suppose that was the purpose of bringing it up.

[@RayeHana]

Loving this new more frequent upload schedule! Keep up the good work 😃

[@RK831]

First $100k was easy (3 years). First million was the hardest (24 years), and the easiest will be the second, third, fourth...

[@lovelovelove5744]

If I could save 2 million a year then I could be a millionaire in less than a year.... now how do I do that? Just having a little fun. thank you for your info

[@kinghenryvii9718]

Have you seen Ramit's (I Will Teach You To Be Rich) latest video? You're even in the thumbnail. You have 24 hours to respond. 😂 Jk, glad you uploaded watching now 🤓

[@humphrey]

I did see it. I was a bit disappointed he/his team chose to go with a sponsored tik tok to review instead of a more organic post, but even the tik tok sponsorship I was proud of and have some friends who have used a FHA loan to qualify for a home. I will say that it’s not for everyone and even though you can afford something doesn’t mean you always should. I generally align with Ramit, and thought about leaving a comment on his video, but I think this comment reply will be the extent at which I “respond”

[@Glass_Half_Full]

​@@humphreyhis style of "education" - disparaging other people, over the top reaction, andrew tate-like style, self touting "expert" - did not resonate with me. And using your photo as thumbnail screams clickbait. I like your way better, just calm, clear and direct to the point education. Just keep on doing what you're doing and don't mind haters and envious people. 🙂👍

[@kinghenryvii9718]

​@@humphreyyeah agree! Reacting to a sponsored post was honestly low hanging fruit. But even still, I don't think anyone saw that post and thought you were suggesting it for EVERY one. Thanks for replying to comments. Part of the reason you're my Personal Finance 🐐

[@chuckwhitlow995]

Ramit is talkin' smack Humphrey. I see a finfluencer rumble in your future, man. ;)

[@jonasking3670]

To be fair he was talking about sponsored content that was about Ramit’s favorite subject to rag on: home ownership.

[@pete5691]

The buying vs renting argument is ridiculous. I’ve never seen rent lower than my mortgage. When you rent you are often paying on what the house would sell for presently whereas my mortgage is based off of what the house was worth several years ago-pre inflation, pre riots, pre covid. Renting is unstable for having a family. At the end of my life my kids can then sell my house or live in it rent and mortgage free or even rent it out.

[@diabolox1272]

#6 sign : you are hot.....

[@humphrey]

lol 😅

[@diabolox1272]

@@humphrey it's a joke but also true.... Hot people get better success in all.... That's why I work harder everyday ! 🤣 Good news is : I'll stay ugly all the time.... Hot people won't !

[@DavyDavePapi]

I only make 30k a year😭 I'm currently trying to see if I can get into trade school. Probably electrical

[@CL-ho6if]

Hey Humphrey. Remit sethi roasted you in his latest video. Would love to know your response.

[@JulianOnTheRadio]

Yo Humphrey, how can we contact you direct if we'd like to hire you for an hour to pick your brain on some stuff ? Happy to meet in the Bay as well.

[@ronnie1818181]

What watch are you wearing?

[@alexlee8617]

Timex

[@toulor3403]

Increasing income while keeping expenses low is the easiest way to become a millionaire. The extra funds go into investing and boom, you are on your way.

[@309gti8]

The bit immediately after the 30k millionaire, reminds me of when I bought a used BMW last year, and the salesman told me they see a surprising amount of repos. New doctors in the area get an expensive, high end BMW before their salary is really ready for it and can’t make the payments. That low key blew my mind.

[@christinap7287]

Thank you again for this informative video. Great points to help me continue my path to becoming a multimillionaire. I'm already at the million dollar mark (mostly in my retirement account and investment account). Keep doing what you're doing and providing informative content. 😃

[@romero1337]

Is this for 401k or just an individual investment account?

[@Warrior_Resisting_Colonialism]

This video isn't about any particular investment vehicle.

[@SweetPotata10]

All. Net worth is combing it all.

[@mmbojkor2]

Can you share your excel on your financial budget?

[@Raphanne]

He did in another video. Search for "networth tracker" on his channel.

[@Timeus]

I'm hype about the 30k millionaire 💪

[@kelvinphan8584]

thoughts on iul

[@nickkotte9899]

Are you aware of all the bots in your comments? They are all suggesting their financial advisor it’s quite annoying

[@TheJarJar]

@00:20 is that a Minority Mindset reference?

[@johnjohn40100]

I'm a millionaire in rupees

[@AnthonyJustice-i9x]

I 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.

[@shandegabrielrojas9350]

She is my family's personal broker and also a personal broker in many families I'm United States, she's a licensed broker and a FINRA AGENT in United states

[@ForwardMozell]

The very first time we tried, we invested $1000 and after a week, we received $5500. That really helped us a lot to pay up our bills.

[@mikesnoek]

I'm surprised that you just mentioned and recommended Charlotte Miller, I met her at a conference in 2018 and we have been working together ever since.

[@jadewashington7]

I'm new at this, please how can I reach her?

[@AnthonyJustice-i9x]

Sure! She interacts on what's App using the digit below 👇

[@aigajenkinson2495]

I dont even know where the stock market is headed to right now. my portfolio of around 200k is not increasing more than 5% and people are predicting a crash .

[@ParkDari]

Don’t worry, I have never touched my mutual funds and solid investments thru crashes for 30yrs and the continued investment at discount and post crash growth is the magic sauce. Sure my accounts are down 50K but I don’t worry I am getting everything on sale again just like during covid

[@1opticon]

Love the channel! If you have a 401K, do you also need to maintain a separate investment portfolio? I don’t care about becoming insanely wealthy, I just want to be financially secure in my old age.

[@ZalvadorZali]

@@1opticon I'd definitely diversify little by little. It really depends on how much wiggle room you have financially to add more portfolios... this year has been a bit of a lockdown and see what happens kind of year for me.

[@ZalvadorZali]

Buy some Polygon, not a lot, it should cover the cost of groceries for a while if they go up 🤞

[@SweetPotata10]

You don’t NEED to do anything. But you might want to. You don’t touch your 401k until 55, so if you decide to retire earlier or need the money earlier, an investment portfolio may be a good bridge account. Also you should look at the fees your 401k administrator charges, usually they’re higher. Some ppl choose to leverage independent investments/roth Ira with much better tax benefits, investment options or fees than their work’s 401k.

[@bvoyelr]

@@SweetPotata10 This is roughly my thinking as well. If you want to retire earlier, you'll need something outside of 401k. Beyond that, 401k is going to be your safest vehicle -- it grows tax free, which makes a huge difference at higher incomes -- and you specifically can't touch it (or, well, you can't touch it without severe penalty), meaning it's mostly safe from future you who might not be as responsible as present-day you 😺

[@SweetPotata10]

@@bvoyelr tax free growth only if it’s Roth 401k…otherwise tax deferred. But I get your point. It’s actually more enticing to do traditional 401k if you’re a high earner since income will likely to be lower in retirement than while employed. But, it’s all a gamble bc tax rates will likely be going up at every bracket in the future, at least in my mind.

[@nazeercurry5248]

Great content 🎉

[@al821]

I don’t dress like a millionaire nor am I millionaire.

[@kevinchen4390]

I’m a 20k millionaire

[@mcfragger2605]

Should bought Apple’s stocks when I was a fucking 3 year old. Gosh what was I thinking

[@ryandefranco7740]

Does Humphrey reply?

[@humphrey]

Yes hi

[@RyChOr2005]

Ramit calling out Humphrey was NOT on my bingo card today

[@navneetk12]

Lol! Not mine either

[@claireworld_]

What happened??

[@Glass_Half_Full]

And using humphrey's pic as thumbnail screams clickbait. To top it all off, "money expert" vs tiktokers. I just blocked his channel in my feed.

[@Raphanne]

@@Glass_Half_Full I like Ramit but it is disappointing to see him trash Humphrey like that out of the blue.

[@Peter-kt2gb]

I'm tired of hearing the trope that people who look rich are actually poor, and people who look poor are actually rich. People who are truly desperately poor often look poor. And people who are truly rich often look rich. A toyota camry is NOT a sign of wealth. People who actually are rich usually drive expensive cars. I don't think rich person when I see someone in and old Toyota and I don't think poor person when I see someone in a Lambo. Yes when it comes to the middle class it can often be the opposite of what you see. But let's dispense with the cope and just accept that some people are rich and look like it.

[@asw654]

You probably lack the experience and pattern matching to see what that trope is referring to. Your diction and examples betray your youth. Camry has long been called the "poor man's BMW" back when BMWs actually meant something. It was one of the top classes of sedans. It's perfectly serviceable for business-minded people who don't need to show off but can afford a reliable sedan. Meanwhile, Lambo is infamous for being a car that looks stylish and that prole/ghetto people dream of to show once they finally make it big. If I truly had money to just toss around as I wished, there are better options for super sports cars. If I saw someone who lacked class open the door to his Lambo, I won't suddenly think he's rich just because of his car. I will think he rented or leased it temporarily to show off to his friends and women. He's throwing money away. You could have chosen the latest trendy supercar like Bugatti instead.

[@633ohioc]

GREAT VIDEO 👍👍

[@jordanbatka033]

A good sign is your grandparents have a few million