$1 Million in 8 Years - This Rule Got Me There!

[@BusinessWithBrian]

🚨 Limits Express is taking on new investors - Click here to learn more: bit.ly/BWB_LimitsExpress 📱FREE Newsletter. Updates and insights on the economy and investments with invest-X BWB Insights: bit.ly/investXBWBnewsletter

[@phku17]

not for people who aren't US citizen and dont have a US local bank a/c right?

[@BusinessWithBrian]

​@@phku17Because it is a US based option within Amazon's FBA, you must be a US resident in the US.

[@huanglynn]

Just LOVE your videos. You are teaching us so many things. Of course we will do our own research, however your suggestions on your videos stamps trust for us. We will look into Limits Express. Just to confirm are you saying you are earning approximately $10,000 a month from them? May I ask how much was your investment you put in? Thank you again for all your videos.👍🙌🙌

[@BusinessWithBrian]

​@huanglynn thanks for the questions and comments.

[@BusinessWithBrian]

​@huanglynn as for limits express, they are a paid sponsor, and I can't personally recommend it since it does carry risk, like any investment. My results have been a 14% margin on my investment in my first month. Once my original investment is paid back to me, then my monthly margin will drop to about 8-10%. But since I am in the middle of month 2, I will give more updates.

[@gildamolinar5155]

Just started investing. As a 65yr old I may not have many years left to grow my account, but I figure better late than never. Thank you for your service.

[@HeyMikeyLikesIt2]

@@gildamolinar5155 started at 52, I’m handing it off to my son…… hopefully his generation will start generational wealth.

[@BusinessWithBrian]

It's never too late. Thanks for the comment.

[@dl33rock]

I wish you the best. God bless.

[@HeyMikeyLikesIt2]

You will have at least another 35 years. Start living it.

[@gildamolinar5155]

@@HeyMikeyLikesIt2 😁

[@AE_STUDIOS]

Im in a postion where i live five minutes away from work, my living costs are extremely low and i make a little over 50k a year. Im very frugile and drive a 23 year old car. Im pretty much throwing 90% of my earnings into my portfolio at the moment. Mostly dividend stocks with proven track records with a dividend yield rate at no less than 5.50%. I believe i can get to that 100k portfolio in no time if i just stay the course. I have a couple of high risk assets that ive invested in as well, if that pays off ill get that 100k alot faster. We'll see. Lol.. Good luck to my investment brothers and sisters out there. Take the emotion out of it, and you're set!!!

[@otom20]

By looking your dividend yield requirement, you are not investing to US-market ?

[@kclmnop4372]

You say you werent handed anything but being able to live rent free until the age of 32 is a pretty massive handout.

[@lifeofsui3864]

wasn't handed anything but tens of thousands of dollars lol

[@kclmnop4372]

@@lifeofsui3864 a small load of one million dollars

[@BusinessWithBrian]

How did I live rent free until 32? Where do you get your facts? Let me spell it out more plainly. From 19-25 I was in the military but not on a base, I was on a detachment. I had to pay for my own rent, and military pay was well below minimum wage. When I went to college from 25-30 I paid for all my rent and my credit cards were maxed out. But I mention some of this in the video, so maybe you didn't watch it. Are there any other fake details you want to assume? It sounds like you want to make up excuses as to why I succeeded. Does it make you feel better? You have the same options and choices that I've had. What are you going to do with those choices?

[@BusinessWithBrian]

And where do you get your facts? Tens of thousands of dollars? Where? How? If by working multiple jobs while in college just so I could eat Ramen......then yea. I was killing it.

[@kclmnop4372]

@BusinessWithBrian fair! I don't remember the details as I watched the video a while ago but I feel like you only gave details on your housing starting at 32 so i made an assumption. My apologies!

[@stevemartin7464]

I drive a 15 year old car, I have not moved house and have paid it off. I have no debt and I have always been frugal; buy non-brand clothes and simple things like that and I have saved a few millions. I also got rid of student debt as fast as I could, when I started working I even gave people lifts to work and they paid, I paid all of this into my loans. You can do it, just live a simple life and save guys. Never have debt if you can at all. Just do it.

[@BusinessWithBrian]

Love your comment. Thanks for sharing.

[@LetsGo6009]

Exaxtly. Just do it.

[@user-nn4er5wn5h]

Are you spending more now?

[@JasonMazzulla]

Even with that, similar to my own situation, tough to do on 40-50 k a year. But this guy is obviously a god of finance and is loved by his peers so I must bow down

[@aiahzohar5636]

Thanks for the ideas! I think these strategies work for people who're lucky enough to have won the employment lottery. Really tough to save Munger's first $100K when cost of living (especially housing) is eating up nearly all of a paycheck and increasing every year while wages are stagnant. Tons of bright, hard-workinig young people stuck in low-wages, no benefits (like 401k, let alone matched retirement), gig-work or worse. Not cuz they're lazy or unmotivated, but simply because of supply/demand on skills and the power corporations have to set wages. One of the things this vid teaches me is the US has a lot of poverty b/c we don't have enough good-paying jobs for all the citizens who need them. Good luck everybody.

[@danlopez.3592]

You didn’t retire at 40. You simply just changed jobs. It’s very misleading to many people when this is said.

[@snoopys14]

People always lie cuz they need views and their portfolio isn't big enough ironic you must say

[@alma4237]

I just sent this video to my daughter in college. Excellent roadmap to financial independence.

[@BusinessWithBrian]

Thanks for sharing!

[@okaydamian]

I often wonder how top level investors are able to become millionaires by investing. Just made a home sale and I’ve been sitting on about $545K equity, not sure where to go from here. Is it a good time to buy into stocks or do I stay 100% cash?

[@arlenehill4ril]

the stock market this year is at an all time high and a good number of folks raking in huge 6 figure gains, tho such strategies are most times successfully executed by folks with in-depth market knowledge

[@chadgriffith1969]

Thank you for the lead. I just searched Karen by her full name and easily spotted her profile, no sweat. I have sent her an email, hoping she gets back to me soon.

[@allamericanwalker6417]

never stay 100 percent cash bro ive always been a conservative person i like cash so i would say keep about 125k in cash high yield and invest the other amouint bc no emergency is probably gonna be more than 50-75k let alone 125k

[@danimalcrackers1224]

@@arlenehill4rilthanks brother I didn’t see anything about Karen but now I’m going to call her house and hang out. Maybe a bbq 🍖 or a movie night. She’s already blocked me and my two or three numbers but thankfully my cousin mark works at boost mobile, so basically she can’t hide from us😊 I’m ready to catch her and get some dividends payed for me and the family. 😮 🎉

[@babyprince84uk]

@@chadgriffith1969 scam?

[@iainbrewin]

36 years old. Got to the $100K mark but made some bad choices such as focusing to much on Dividneds and not max my employer match accounts. Now the focus has shifted to max my tax efficiency and just pump funds into 2 market linked ETFS with global exposure and S&P500. I feel like Im on my way to my first million and try and get to $3 million and retire in 20 years (at age 56). I might not do it by then but I think its a good goal and financial structure to live by. Aslo make sure to have a 6 month emergency fund earning a decent return without any risk (getting 5% on $25K).

[@BusinessWithBrian]

You are spot on!

[@EdwinBoettcher]

From paying for day care and college, to managing mortgage payments. I'm approaching retirement yet inflation is getting worse. How can I generate more income to retire with at least $3m for long term care? I have about 750k in savings.

[@JeffWilliamfick]

My success was largely based off of a single, simple approach (portfolio Management) but remember, investing is a journey, not a sprint - take your time, stay patient, and stay focused on your long-term goals.

[@KimberlyFlores-kr1bz]

think you could suggest any professional/advisors i can get in touch with? i'm in dire need of proper portfolio allocation

[@EdwinBoettcher]

My CFA, "becky lou gordon," she a well-known figure in her field. I recommend doing more research on her credentials. She has extensive experience and is an invaluable resource for anyone.

[@JasonMazzulla]

You have too make enough where the money market can see you through, have a near novel skillset or get over on people... The end

[@XsoloXela1989]

Ya but how long before the 08 crash did you move your funds to all bonds? I know time in the market beats timing the market. But with the current putlook, im considering moving to bonds temporarily. But i also dont want to do it too soon or too late

[@BusinessWithBrian]

Timing the market is not realistic. I took a huge risk in 2007. My house value was falling, and i was overly protecrive of my 401k.

[@Dantursi1]

I wasn't financial free until my 40’s and I’m still in my 40’s, bought my second house already, earn on a monthly basis via my investment and got 5 out of 5 goals, just hope it encourages someone that it doesn’t matter if you don’t have any of them right now, you can start TODAY regardless your age INVEST and change your future! Investing in the financial market is a grand choice I made. Great video! Thanks for sharing! Very inspiring! I love this.

[@danielsmith7856]

Getting a job change with 100% increase in pay is pretty much impossible as a truck driver

[@the_atomic_punk487]

@@danielsmith7856 go to ups if you have cdl

[@allierichardson7343]

Keep up the great work. I believe that if no one is criticizing you, you're not making a difference or sharing anything worthwhile for us to understand.

[@BusinessWithBrian]

Well.....I'm getting a tone of criticism. :-) I love your comment!

[@michaelgabrielcube233]

While you got average people working like 50 years now just to earn a million. You got these people investing a part of their salary into a stock or etf then having 1m after 10-20yrs but you also got people putting 1k into a rondom coin then suddenly turning into multi millionaires

[@ukrainemylove6184]

Hi , Can you suggust stocks or funds which will not fall (or rise) during market fall ?

[@ACP-786]

thanks for sharing. in your list your after HSA, I see chosen taxable investment account for ETF/Stocks any reason you would not have chosen tax-advantage Roth (direct/backdoor) in that place before taking taxable account please ?

[@ianscianablo8507]

Hi Brian! Great video. I left Walmart a year ago and work a better job plus started my second 401K with the new job. But I still don't have a ROTH. What is the best way to invest my former jobs 401K? It's still sitting around not deployed! Thank you!!!

[@WeBeatMedicare6969]

Is that 100k in one bucket or can it be spread out to take advantage of the compound interest

[@BusinessWithBrian]

Sorry if it wasn't overtly obvious in the video, mine was spread out across 401K tax advantage accounts, Roth accounts, and taxable accounts such as a stock exchange like Robin Hood or things like that.

[@francoisazar634]

Hi how is buying gold be done in a retirement IRA. Thank you

[@ArnoldMure-gc8to]

Thank you for your video. It’s my favorite, and I share your point. Did you think 100,000 usd from Charlie is now 200,000 with the inflation since 90’s. For myself I do one mistake, I’ve begun in real estate. But now it’ s in portfolio, ETF.

[@adammotter]

The Roth IRA is also a great tool that gets over looked. One of the best moves I made was converting my 401k to a Roth during 2020. The "tax free recovery" was totally worth it. Good to know options to take during recessions.

[@striperkid]

@adammotter If you don't mind my asking, how much did you convert to Roth? How much was the tax implications ?

[@adammotter]

@@striperkid At the time it was about $21.7k at the time of conversion, so I had to add that to my income for the year. 2020 was so messed up even with an "essential job" it still landed me in my normal tax bracket.

[@striperkid]

@@adammotter oh, and another thing......the tax brackets are slated to change after 2025. My guess is, it's not going to be beneficial to us "middle class" folks.

[@adammotter]

@@striperkid I'm with you there. I only make $42k presently. I just knew my situation was a good chance to embrace the suck of the tax hit now in favor of the long game benefit. I definitely am not one that has to utilize the back door Roth strategy.

[@striperkid]

@@adammotter keep plugging away man, you're on a good track. Good luck to you.

[@don951]

Love the story. I'm glad it all worked out for you. The key was you put in the work and developed a plan based on what you had learned. You took the bull by the horns I would say. People have to realize there is always risk, but knowledge and effort usually pay off in the end. Cheers!

[@BusinessWithBrian]

Yes! Thank you! Some people overlook the power of "the plan" and sticking to it. Overall, it isn't easy to do, but to get the best result, it takes a lot of work.

[@davidohayon496]

Good move to move your funds to bonds fund. Could you have kept it on ETF (eg. S&P 500) during 2008? Market always goes up, wondering if it would have tripled your investments and that would have been another calculated risk.

[@BusinessWithBrian]

You're absolutely right, I could have helped a great deal. Unfortunately my 401k at the time did not offer the option.

[@josephabaru]

Another Great Video!... Simple and straight to the point. Can you share what bonds did you invest during the recession period?

[@lifeisgood751]

Great video. How can you have saved so much in this short period of time considering that there is a limit to yearly contribution amounts into a 401k? Thanks!

[@BusinessWithBrian]

After the 401K and HSA, I put all other funds in a taxable account. I was buying stock and etf in my taxed account. Which was a must for retiring young.

[@JakeBayCity]

I’m in my early 50’s. I only started making good money (6 figures) in my mid 40s. I made awful decisions regarding savings earlier in life. Today I have a net worth of about $350k. 33% of my income goes towards my retirement. 8% into my 401k, my employer matches that with another 6%=14% annually 10.5k a year into a Roth IRA and other outside investments 10% into my employer’s ESPP It isn’t easy but within 7 years I’ll have over a million (factoring in no raises and only getting the minimum market average of 7%) so it will likely be sooner

[@theaccentedguy1505]

Thank you so much for your insight into making your first 100K. So much appreciated 🙏🏽

[@BusinessWithBrian]

You are so welcome!

[@user-nn4er5wn5h]

Is this 100K in one investment vehicle or can it be spread through 3 investment vehicles, I have 167K invested but not in one place.

[@yutube5167]

Hi Brian, are u still buying NVDIA?

[@BusinessWithBrian]

Yes I am. I'm playing a long game of cost value averaging. I buy much less now than a year ago.

[@jessestraube6157]

Brian, this is a great video! I want.to see more like this one!

[@Tallgoddessnicki]

this was a great video. just real information, concise points to implement right away. thanks. I enjoyed this video ans intrigued by what your other videos have to offer.

[@BusinessWithBrian]

Thank you. It means a lot to me.

[@AtHomeInvesting]

This might be your best video yet. Thank you so much for the great information and keep up the good work!

[@BusinessWithBrian]

Wow, thanks! I greatly appreciate your vote of confidence and kind words

[@robertgarvansnyder4665]

Some of the math isn’t matching- you were making $60k, initially investing only up to the 4% match, then $80k a year later, at which point you maxed out 401k contributions. In 2008, the 401k limit was $15,000. 4% of $60k is $2400, plus another 4% for the match brings us to $4800, plus $15,000 the next year to max out contributions, and we aren’t even at $20k. 🤔

[@BusinessWithBrian]

You're skipping the part where I am investing money into taxed investment accounts.

[@striperkid]

I wanted to grow a non retirement account (brokerage acct) to $100k and it took me 28 months to do so. I'm at $110k now and looking to get to that million dollar mark. My ultimate goal is to have a million dollar dividend portfolio. As for my retirement account, I'm just piling in as much since it was started many moons ago.

[@BusinessWithBrian]

That's incredible! You're going to blow my results out of the water.

[@striperkid]

@@BusinessWithBrian eh, probably finish equally. I'm a little older than you. I do like that your side hustle is photography.....so is mine. I commented a few months ago on your Delicate Arch photo. We should shoot together sometime and talk about investing....lol. Keep up the good work bro.

[@8oron]

How likely is a recession in this or next year?

[@dannash9413]

Hello Brian, I really enjoy your channel. It has really increased my knowledge base about investing. Will you keep us updated about your limits express investment? It almost seems to go to be true 😅

[@BusinessWithBrian]

Will do!

[@Justindewittt]

Are you from Idaho by chance? You mentioned the Cabarton and I instantly recognised that as popular destination just outside Boise! Great content :)

[@TheMAC0876]

I remember 2008 I took my 401k money and was collecting a measly $5 a day on jt because I saw the crash coming. I warned many of my coworkers and they ignored me. Many was telling me how rich they were getting. The stories that followed were heartbreaking! I sold all those houses for rent and the markets crashed. I was debt free and needed a cheap house. Got a fixer upper since the bank went with the other one. Quit my job and took the pension and 401k money. Didn’t quite get the $100k but 93,000 was close enough after the taxes. Everyone situation is different but time and chance is what we have. I took the chance and in time life has given its rewards! I thank the Most High for all his blessings upon me and my family.

[@BusinessWithBrian]

You're right, everyone situation is different. I'm happy to hear that you managed the recession well. And you're right again that many people lost a lot in that situation. Thank you again for sharing your experience

[@TheMAC0876]

@@BusinessWithBrian Your welcome and thanks for the video very informative

[@don951]

They only lost if they sold and didn't reinvest for the ride up. Even just holding they would be doing great. People do it to themselves. The market always goes up over time. The people that lose always sound like victims when in reality they made bad decisions. Market downturns are an opportunity. Cheers!

[@FraldinhoBJJ]

lol why didn’t we think of that. Just get 40-100% raises every two years and max out your 401k, Roth , and HSA. Yeah I mean I even have a job where I make over $30/hour and can work unlimited overtime , and it’s still not that easy. I went from 0 to 32k in two years in 401k, but it’s not that easy . Realistically you can make a million in 15-20 years , making only about 100k but it’s going to take having absolutely no debt except a mortgage and giving up almost everything in life besides the absolute minimum you need to survive

[@aiahzohar5636]

The elephant in the room, as you're suggesting, is wages for a lot aren't going up but cost of living (housing especially!) is exploding. So where are these savings coming from? Our rent DOUBLED end of last year. DOUBLED! And it was still the cheapest place in the region. Already exhausted working 60+ hours/week. No time for a side hustle.

[@TheFinkFarm]

You had me until the sponsor ad. I don’t feel comfortable sharing this video without a caveat for the advertising. Other than that ad, this was some great information. Thank you for sharing.

[@BusinessWithBrian]

Understandable. It does state there is an advertisement at the beginning of the video, and I tend to make the ads skippable with chapters. Sponsors help pay for editor.

[@SJ-fr3fc]

Just found out my company 401k has an option for self directed investment (PCRA) with Charles Schwab. I am wondering if it is a good idea to transfer my 401k to this PCRA?

[@tiffanym4202]

I'm considering doing the same. It took forever for me to figure out what my investments were in, other than "Stable Bond Fund, Large Cap Value Fund", etc. When I eventually found out what the actual funds were, I discovered they all have high costs. Better off switching to the Schwab account and same a small fortune in fees and still get the performance.

[@AnthonysMcGees]

New subscriber and I am sharing my story. My age is 55 and I have zero debt, 110k in the bank, 35k NVDA shares, 401k $270k, IRA 145K and 2 houses in Bay Area with zero mortgages. Just got a Mercedes SUV as my 3rd car. I started saving after marriage only after marriage but will all this be enough to retire?

[@LeavensasMoras]

To achieve a secure retirement, aiming to save at least 15% of your income in a 401(k) is advisable. Online tools can assist in calculating the best savings strategy for you, considering factors like age and income. Consistently saving this percentage can help build your retirement fund effectively, thanks to the benefits of compound interest.

[@mervynman6303]

excellent video. Do you have a video how you were able to time the market in 2008? It will be interesting to know what are the warning signs that the market will go downhill

[@don951]

The key is to follow the markets and the economy. You have to learn to distinguish what is real from the typical political nonsense. Not all downturns give you a lot of advance warning, for instance the 2020 recession hit hard and fast. However, the 2008 recession really started in 2006. There were plenty of signs for those that were paying attention -- housing prices fell. Then subprime mortgages started defaulting -- banks that had bought up those loans started losing. The damage was spreading. Finally the stock market crashed in 2008, but a lot took place leading up to that point. Also, while not a recession... when the Fed announced they would be raising rates to slow the economy in 2022, they were telling everyone the stock market would be coming down. It was by design and still many were caught off guard by the market decline. Most people just don't understand the basics of how the economy and markets work. So learning and paying attention will give you the best chance IMO. Cheers!

[@mervynman6303]

@@don951 Thanks man, I like the examples and ideas you have. I did not invest until 2023 so I do not have a good idea what people thought in 2008 or 2020 or 2022 about the stock market. Now I follow relevant news a lot, hopefully there is some indicators prior to the next crash. It will be funny if it hits this year though as I do not see any warning signs at all with my current level of knowledge. Cheers!

[@leonardovargas4752]

How about INTC? Excited to see you talk about this company! Thanks for all your content!

[@BusinessWithBrian]

Thanks for the preemptive comment. I'm traveling for the next week, but I plan to have INTC on my short list. Thanks for the comment

[@striperkid]

INTC recently purchased a $350 million dollar lithography machine from ASML. Looks like they'll be in the chip making business for awhile. With the unsettling in Taiwan (China threatening to invade), it may be a good idea to invest in an American chip maker.

[@leonardovargas4752]

@@striperkid , thanks for the inputs!

[@JasonMazzulla]

How about CLS, SGH or PLTR

[@james99118]

So if I’m 54 and have 100k to Invest I just shouldn’t because I don’t have enough time left ?

[@BusinessWithBrian]

No, that is not the point of the video. But I do have several other videos that can inspire you on great areas of investment

[@tipfertool5457]

Never too late to start, but time in the market gives a greater advantage. lf I did have a large chunk of money to put in the current market, I'd likely keep most in a High Yield Savings Account and dollar cost average into the market when I found something worth buying. Prefer index funds but everything seems inflated.

[@craftymulligar]

Put as much as you can In nvidia then cross your fingers. Only 1000.00 for 10 years will make 250,000.

[@jrsakuragi4242]

@@craftymulligar you recommend him going all in on one stock??

[@Mr_Zesty]

This start off so well. And I like your vibe. It’s casual and familiar. However: 99% of people did not defend their investments and got slaughtered like the rest… so how then do you perform if you’re like most people? 2) for a lot of us now, we don’t work for a W2. We are 1099 Misc income and would like to know how to makeup for a company match. Can you address? Thanks!

[@aiahzohar5636]

Hear-hear! US retirement is set up to favor corporations and their employees. But like you said, record #'s of people are in the unstable, low-or-no benefits gig economy. I've read the government's rationale for allowing giant $25+k/yr (+ corporate matching!) contributions to a 401k but a measly $6k/yr to an IRA. It's to promote... WORKING for corporations! That needs to change as today most college grads and non-grads aren't "lucky" enough to get good-paying corporate jobs. That shouldn't condemn them to poverty.

[@damienjudson4913]

Great video! Started investing late at age 30 as well. My budget has been made and I’m able to max out my Roth every year and I invest 700 a week into a taxable account only making 80k a year. I’m definitely living the 100 to 100 mindset. Unfortunately I’m at the top of my employment ladder now so I don’t think I’ll ever be able to do more than mentioned above. Working on side hustles next.

[@mp22422]

Loved this video and how you shared your story. The first $100k is a goal of mine almost there I can taste it😆

[@BusinessWithBrian]

thank you, and good luck. No joke.....it was hard. But once you are there, it becomes a lot easier.

[@kevincross1240]

Do you know what the average cost for a couple is in terms of their grocery bill?

[@BusinessWithBrian]

$500 to $800 depending on lifestyle (USA today)

[@HeyMikeyLikesIt2]

When I hear people say, “You need 500k to 1 Million in the bank to retire! “. Is this also having a pension, or is this only people without pensions…. Or both?

[@BusinessWithBrian]

In the US, pensions are extremely rare, and many companies have defaulted or mismanaged pensions. That puts a lot on the individual to plan for their nest egg. As a Gen Xer, I have no faith in social security being around in 20 years. So, I invest and plan for my potential reality. Basic rule is 4.5% draw on retirement funds to safely sustain a person. So $1 million is $45K a year. But everyone's situation is different.

[@zacblackwood6197]

You should have lead with you invested aggressively after the 2008 stock market crash…. That would have summed up this video in 30 seconds.

[@BusinessWithBrian]

That wouldn't be enough to hit the target. You're leaving out everything that hits the top line. My work earnings went from $0 to $350K a year in 9 years. Saving more won't do that.

[@zacblackwood6197]

@@BusinessWithBrian I don’t remember you mentioning that in the video you stuck with 65k. But that’s also a given that your income would drastically rise. It’s the only way to hit a million in 9 years. Plus, the aggressive investing after 2008 market crash. Again could have just led with that. Could have been a 30 second KZbin short. “My income increased from 65k-350k and I started investing aggressively after 2008 market crash, that’s how you hit 1 million in less than a decade”. lol

[@BusinessWithBrian]

​@zacblackwood6197 Still not enough. You may have missed the part where I also spoke to having 2 side hustles. I retired at 46, and I have 4 side hustles today, and I am almost making as much as I did from my tech job. But if a person doesn't invest wisely, not allow for lifestyle creep, budget, and have a set plan.........then they will simply be average. I started this journey before the recession, and shared what I did to not lose it all. Do with that as you may. It seems like you missed most of the key points. The growth in the market now is much better than I saw 2005 to 2011. The opportunity now is better than ever. I can only lead the horse to water.

[@zacblackwood6197]

@@BusinessWithBrianeven this comment is disingenuous from your video you added so many more variables that weren’t in the video. And you are picking dates to try and prove your point. Yeah the growth rate from 2005-2011 is less than now bc they was a market crash in 2008. Look at the nominal rate of return since 2008… S&P is almost 430%. Any one making 350k a year could make a million. It’s a bull market everyone makes money. Don’t talk about “these rules” no you were alive during a pivotal point and a great opportunity to make ALOT of money. And you happened to have a great income to capitalize on it. It’s that simple. Just like, if this current bubble pops and there’s a crash. The smart folks will do the same and throw everything into the market bc it’s going to go back up.

[@BusinessWithBrian]

@@zacblackwood6197 And you keep missing the mark. All the details are in the video. I didn't make a salary of $350K until well after I made my first $1 Million. For the 8 years I worked to make my first $1 Million, I had a combined salary from all my job and side hustles under $100K. I appreciate your comments, but you keep changing the narrative. First I was "lucky" to experience a recession. Not sure if you had experienced it, but try keeping a job during a recession, it isn't easy. And keep in mind that recession lasts for years, not just one single day. Then your narrative changed to stating that I had an extravagant salary, and anyone can hit $1 Million with that income. Once again, not true or accurate.....I was making less than 6 figures the entire time leading up to my first $1M. And then your narrative shifts again to state that anyone after 2008 can make easy money, but you are omitting the fact that I made that money from 2005 to 2011, which I state in the video. And that happens to be one of the worst times in investing. Truth. So, it isn't "just that simple". If it were, all of my colleagues would also be retired, but they are not. Right now is probably the best time in my investment career, to be investing. But you don't seem to want to hear that. In my investments, I did a lot of things right, and I also shared a mistake I wish I hadn't made. It's your choice not to learn from it. I'm trying to share a roadmap that I have proven firsthand works. In fact, In retirement, I'm repeating it all over again. Because it works. It may not be glamourous, or consumable in 30 seconds as you'd like, but it works. Don't look back in 10 years and wish you would have done more to have been investing, or wish you would have hit that first $100K as quickly as possible.

[@hoserhouserules7291]

saving money is good advise. timing the market... not so good for most people.

[@BusinessWithBrian]

I don't suggest timing the market. Time in the market is key.

[@savoryflan]

I'm puertorican and also got scammed by a guy in PR telling me he was hungry 😐

[@richp3164]

Great story. But not repeatable by everyone as we all have different starting points

[@BusinessWithBrian]

We absolutely do. I started in a recession at 30......that sucks. Wouldn't want that on anyone. The best anyone can do.....is just start.

[@epicchess2021]

Great video BUT I think the ‘time the market’ idea is a bad one for most people. Worked well for out which is awesome but the data speaks for itself that for most people time in the market works way better than timing the market

[@BusinessWithBrian]

Oh, my point was not to promote timing the market. Bit that was my truth going into the recession. I consistently promote long term investments (time in market) thanks for the note.

[@MrHammyHunter]

100% salary increases sure helps.

[@BusinessWithBrian]

It does, and it is doable. I did it again in retirement from just my side hustles and in 1/4 of the time.

[@makaiokalahama]

What do you mean when you say you "moved" all your funds from stocks to bonds? Sold them off and reinvested into bonds.? (causing a tax event)

[@BusinessWithBrian]

It was all in my tax advantage 401k

[@makaiokalahama]

@@BusinessWithBrian I still don't understand what's meant by "moved" the funds, exactly... I may just not be understanding?

[@BusinessWithBrian]

I'm not sure how versed you are with 401ks. But you can rebalance and restructure your 401k at any time. And that's exactly what I did. I moved everything from my stocks to bonds

[@makaiokalahama]

@@BusinessWithBrian I had no idea you could do that. I will be starting a 401k soon next month at a new job.

[@12dv81]

Systems over goals

[@franktanzini1705]

100k in 2 years?.. that's a huge salary

[@jameshuddle5111]

Excellent explanation, and this is what I will recommend for friends to watch. Anyone with this discipline can aquire millions. Thanks for what you do.

[@BusinessWithBrian]

Much appreciated!

[@BITCOINLIFESTYLE]

Now that bitcoin etf is approved, What is the best strategy to enter crypto trading for someone with more or less than $5,000 to invest?

[@hamzakorkmaz01]

You can look for major altcoins with average risk-good gains or bitcoin with low risk-moderate gains. I dont recommend etf because there is 20 percent tax when u sell.

[@aiahzohar5636]

​@@hamzakorkmaz01 There's capital gains tax on crypto when you sell short or long.

[@Tenebrismo]

So you got lucky and timed the market collapse by going into bonds? I am fully behind the aggressive savings approach / limited spending and putting as much cash into investing as possible, but you have to admit a bit of luck with the bond move. That could have easily backfired.

[@BusinessWithBrian]

It helped, but I had very little saved at that point. It was like $15k because I just started saving after paying off credit cards.

[@Tenebrismo]

@@BusinessWithBrian Good on you and thanks for replying!

[@stephenannese8228]

$100-grand a year/salary ,...and this might work.....!?

[@S.A.1]

Hello Brian, I am wanting my kid to watch and learn from this great video. The one thing I did not hear is about “Roth” IRA. Is that something you deliberately omitted or is there something I am missing about Roth.Thanks and look forward to your response.

[@Hunter-tw9xj]

He was probably making too much so he wasn’t able to but should have mentioned for sure. Great video overall, love this channel

[@tipfertool5457]

The YT channel "The Money Guy" has good motivational info for young people about Roths.

[@RanvijaySingh-ef9fp]

Awesome ❤ doing great job sir

[@BusinessWithBrian]

Thanks a ton

[@CrazyBolas]

What do you do when your spouse spends too much?

[@BusinessWithBrian]

I plead the 5th

[@otom20]

Kick her out !

[@donny1098]

No, you don't pay taxes on HSA withdrawals in retirement, even if its not for medical expenses. This is why its considered triple tax advantaged and literally the next best investment vehicle after grabbing the employer match.

[@BusinessWithBrian]

I also love the HSA. However, you do need to pay taxes on withdrawals for things other than Medical over the age of 65. There is no penalty, but you do need to pay taxes for the withdrawal over 65 and not for medical purposes. And medical expenses are not taxed at all, ever. Here's an article that may explain it further: smartasset.com/insurance/hsa-withdrawal-rules

[@lockdownlooping9402]

Great video very motivating thankyou from the uk

[@BusinessWithBrian]

Thanks for watching!

[@hasannumanoglu]

Actually good advises but bit for US market and not global watchers.

[@BusinessWithBrian]

I completely understand that. Thank you for your comment

[@phku17]

6xx ignored Nvidia , 8xx ignored it again...9xx ahhh too high wait til 1000 now over 1000 and announced a stock split 🤣

[@derekbates4549]

@phku17 I was in and got back out in the low 100's... 🤢

[@phku17]

Ouch

[@phku17]

Ouch

[@paulmullins4861]

I had NVDA at 400 and thought it was way overpriced. 🤣

[@natchudaattiya3641]

Amazing content.Thank you.❤

[@BusinessWithBrian]

Thank you too!

[@KentuckyHillbilly]

I get over 46% in dividends... 200k in, and I can retire. Thats over 5k monthly in passive income.

[@BusinessWithBrian]

Ok. I'll bite. What is offering that high a dividend?

[@davidbrooks8809]

You do know that dividends is not extra money😂

[@ij382]

@@BusinessWithBrian This is one of those new ai powered scams. Used be to easier to spot them before chat gpt. One bot comments some ridiculous claims , another bot asks how and then the first one says go contact Mr X (some scammer ) who can double your investment. You will then see a a lot of comments saying yes I made money from mr X. The average Joe would think its people helping each other out and fall victim to it.

[@randyramey3430]

He didn't answer. 😂

[@willmallory9085]

6:08 I'm retired military on Tricare...do I need an HSA? Please do a video.

[@BusinessWithBrian]

The good news is that if you're fully retired with the full medical benefits at va, then you don't have to worry about a high deductible Medical plan. The downside is that since you aren't on a high deductible medical plan then you cannot have a health savings account. They are only available to those on a high deductible health plan. I did make a video on this last year and I can hyperlink it if you want

[@willmallory9085]

@@BusinessWithBrian thank you. Yes please share.

[@BusinessWithBrian]

kzbin.info/www/bejne/noirho2Oacyjgrc

[@BusinessWithBrian]

I just pasted the link, he was coming up with errors when I was trying to respond directly to you. I hope that works

[@Standardman9887]

Unfortunately it’s going to take me about 3 years to hit my first 100k fortunately my income has doubled since I’ve started and will nearly double again

[@BusinessWithBrian]

That's awesome to hear!

[@MrPetele]

Brian , did you reach that 1mil investing in your 401k only?

[@BusinessWithBrian]

No. It was my 401K, Roth, and my taxable investment accounts.

[@CristianDJMrtnz]

Honestly, but why at this point you 50 years + You are still living like you work at Walmart!!?? What is the point of becoming a Millionaire if you are going to live like you work at McDonalds… YOU WILL end up in a tomb and Money doesn’t transfer to the Afterlife!!!! 🤷🏻‍♂️🤷🏻‍♂️🤦🏻‍♂️🤦🏻‍♂️🤦🏻‍♂️🤦🏻‍♂️🤦🏻‍♂️

[@BusinessWithBrian]

I appreciate the comment, but i think you've made an incorrect assumption. I don't live like I work at Walmart. We go on about 5 vacations year, and we have the freedom of time. Money isn't what I've built up, it is pure freedom without the anxiety of money. We spend every Friday with our kids (5 and 8) on some adventure during the summer. I go on 20-mile bike rides whenever I want. We play tennis and other sports throughout the day. Time and freedom are real treasures we've accrued.

[@willmcnally505]

Did he mention his salary?

[@BusinessWithBrian]

Yes he did. I listed it at 65,000.

[@gildamolinar5155]

@@BusinessWithBrian😂

[@CGAZ66]

Wish my employer had a HSA.

[@MichaelBoelton]

most millionaires are made during a recession.

[@BusinessWithBrian]

It was certainly true in my favor

[@davidsutherland7762]

Fix your 50/30/20 graph please. It’s hurting my head.

[@OneAndOnlyMe]

I even lived of cheap microwave meals for a year as I wanted to put every spare £1 into my first 100k. Once you get past that first 100k, the next 100k is much easier, and the next 200k easier again.

[@BusinessWithBrian]

That's great to hear. I agree that Living Well beneath your means to hit that first 100,000 is pretty painful. But it's very satisfying to see it grow and compound after that. Good on you!

[@kharade123]

Amazing content ❤

[@BusinessWithBrian]

Thank you, I appreciate it

[@goffsgetawaygardenhomestea5997]

If I get a pay raise , I live like I got a pay cut…

[@BusinessWithBrian]

YES! lifestyle creep kills the opportunity, if you let it.

[@ArtgGar27]

Millionaire Step 1: Don’t give money to “homeless” Puerto Ricans.

[@BusinessWithBrian]

Thematically, yes, but the person was from Michigan. At least that's what he told us

[@willmallory9085]

Thank you.

[@BusinessWithBrian]

Welcome!

[@charlesroberts8941]

Thanks for sharing your story! God bless you

[@BusinessWithBrian]

My pleasure, thanks so much for the comment

[@ivankabalin2951]

You americans dont realise how expensive is to live there. Just when you reach retirement go to poor european countries to live. You need much less than a milion to live good. And it is much safer to live here.

[@WeBeatMedicare6969]

That’s my plan 👍

[@BusinessWithBrian]

I can't disagree. However, there are a lot of rules for becoming an ex-pat. Many countries don't allow you to live there full time. But for the handful that do, it may work out for several people. If they are willing to move away from their families.

[@aiahzohar5636]

Hey, we're also looking at this. But all our expat friends are couples and have supportive communities where they move. Lots of Americans work-work-work and don't have the time to build communities and get stuck in the US. :/

[@mohamedhassan6079]

Saving $100k is the first part, what is the second part the get you $1M in 8 years ?

[@tipfertool5457]

100k at 8% over 29 years would grow to 1 million, so he focused on that first 100k. He avoided losses during the 2008 crash and rode growth stocks after while still investing additional money (side hustles, salary increases). The behaviors needed to get that first 100k from zero (or negative) in such a short time took good money habits that accelerated the process.

[@missouri6014]

Brian what you did is exactly what buffered ETFs do Love your show You should do your research on buffered ETFs, because it is remarkable that you describe your behavior on investing in that behavior is exactly what buffered ETFs do Of course, they were not invented back then

[@quantumenergy3334]

Knitting can actually be an expensive hobby 😂

[@BusinessWithBrian]

Oh, I know! My wife chose a very specific yarn for a project, and our robot vacuum decimated it. One stray piece is all it took. :)

[@soldagold]

Ok,what if I got 100k… Invest into what? 🧐🧐🧐

[@BusinessWithBrian]

That's what my other videos cover.

[@timwhittles6414]

Youre monetising videos on KZbin. You haven't retired 😂 Why are you making videos instead of being on the golf course? Im very sceptical of this shit.

[@BusinessWithBrian]

I don't like golf. Feel free to watch my first videos, then you'll understand. You must be present to win. The video where I quit Amazon.

[@luadvd]

So just save money , smh.

[@BusinessWithBrian]

I think there are several points that you missed, if that's your only takeaway. The simple approach of saving more just won't get you there. You can certainly try, but there's no way you're going to get there less than 15 years. Smh

[@RedFirefly247]

Thank you for the video. I appreciate you sharing your investment journey.✅ Can you do one on any of these stocks ? ARM OKTA CVS VKTX AFRM SHOP Thank you again.!!🏆

[@BusinessWithBrian]

Sure thing!

[@wendydvb757]

No IRA ? Missed opportunity.

[@BusinessWithBrian]

No IRA? That's what a 401k is. Or are you referring to something else?

[@wendydvb757]

@@BusinessWithBrian you can have both. A 401k AND an IRA. Traditional or ROTH. Just 1 extra space to set aside money, earn something on it and have it there for you at retirement.

[@BusinessWithBrian]

​@@wendydvb757Under certain conditions. Yes you can have a Roth and 401k, but they are both IRAs to address your first question. This was my story of what I had done. Yours can be different. I mention in other videos how I should have invested in HSA and Roth when my debt was paid off. But once I recognized my mistake, my salary didn't allow me to have a Roth. That's my story. But I share in other videos the optimal order of investing when starting over. And the Roth and HSA are right up there. Thanks.

[@littlered4122]

You are awesome, but you truly need a netted hat to keep your head warm :)

[@brandon8531]

God only made a FEW perfect heads… the rest, he put hair on! ;) 😂👍

[@BusinessWithBrian]

Oh, you're completely right. Thankfully my wife has made me several. Being bald makes me cold even in the summer time

[@BusinessWithBrian]

Best comment ever

[@934rex]

🔥🔥🔥🔥So dope🔥🔥🔥🔥

[@JasonMazzulla]

Lol.. first you need to make decent money. Anyone living in the sticks, with no kids, habits & a used vehicle can save a million in 10 years, possible even with bonds. You are not going to do it if you make 16$ an hour working 3 weeks in 2. ' road map' 😂 You NEED to make decent money or you will be devoured. If ANYone was in the bull run from 2010 - 2020 with ANY kind of decent income, could have made a million easy

[@BusinessWithBrian]

And i dis it during the 2008 recession. Sadly, my military pay was well below $16 an hour whem i started.

[@aiahzohar5636]

I remember reading articles around 2008 to your point, about how the rich got super-rich during the crisis while middle class peeps were wiped out. Most investment videos I watch are geared towards the lucky people who make good money to begin with so they can live safely on just a fraction of their earnings while investing the rest. They also tend to work for large corporations that offer 401k AND match. Where are the investment videos for the rest of the country?