'No. 1 rule to becoming a millionaire': Bartiromo, personal finance expert offer advice

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Fox Business

Fox Business

Күн бұрын

Пікірлер: 408
@Dohair879
@Dohair879 2 сағат бұрын
My dad who’s very successful taught me two things. 1. Pay yourself first (invest) 2. Even when you think it’s enough, it’s not. So save more. At almost 50 I’m doing better than 80% my age. Kudos to dad.
2 сағат бұрын
@@Dohair879 hell yeah
@CTBauer
@CTBauer 2 сағат бұрын
I guess you don't which begs the question, why did you watch the video?
@omnipotentwiz5101
@omnipotentwiz5101 Сағат бұрын
@@CTBauertell me you’re the loser without telling me. I watch this I’m also a multimillionaire. Cry more 😂😂😂😂
@r_b5951
@r_b5951 Сағат бұрын
So true. I like to think we (siblings & I) won the parent lottery. We had a great Dad who taught us personal discipline. But we specifically learned financial discipline from Mom. My siblings and I took 4 different career paths, with very different personalities, each under different circumstances. Yet all 4 of us are today: millionaires. Such things do not happen by accident.
@peplsuk7635
@peplsuk7635 Сағат бұрын
what if you get repeatedly kicked in the face and fired for doing a good job?
@tedrush3401
@tedrush3401 2 сағат бұрын
Became debt free besides the mortgage last week(my wife and I) and it feels good I got paid yesterday and could actually save 50% of it and it’s all thanks to Dave Ramsey and his program
@derrekm1317
@derrekm1317 2 сағат бұрын
*$65k biweekly changed my mindset and behavior, my goals, my family and I've to say this video has inspired me a lot!!!!* ❤️
@JohnConner-v6z
@JohnConner-v6z 2 сағат бұрын
I'm feeling really motivated. Could you share some details about the bi-weekly topic you brought up?
@TomasKlus-wk2se
@TomasKlus-wk2se Сағат бұрын
Yeah that’s possible, with Maria Frances Hanlon , I've come to the conclusion that financially anything is possible. I got my self my dream car 🚗 just last weekend and a whooping $320k biweekly profits
@FranyisDrak
@FranyisDrak Сағат бұрын
Wow 😱I know her too! Mrs Maria Frances Hanlon is a remarkable individual whom has brought immense positivity and inspiration into my life.
@Jeanalexandre-u4c
@Jeanalexandre-u4c Сағат бұрын
After I raised up to 825k trading with her I bought a new House and a car here in the states 🇺🇸🇺🇸 also paid for loans we got from the mortgage company . Glory to God.shalom.
@LouisAntony-lx9lq
@LouisAntony-lx9lq Сағат бұрын
I got started with a miserly $2000. The results have been mind blowing I must say TBH!!
@wamcelot1807
@wamcelot1807 2 сағат бұрын
Things like this need to be taught in schools!
@TheRealEdStoner
@TheRealEdStoner Сағат бұрын
K through 12.
@TerrisPizza
@TerrisPizza 2 сағат бұрын
10% for the big guy!
@DonaldBrown-b6r
@DonaldBrown-b6r 3 сағат бұрын
Funny, everyone despises the top 1% but endeavors to be part of that same 1%.
2 сағат бұрын
I don't hate the top 1%...I always listened to their stories and did what most of them said "don't make excuses"....to not save
@DonaldBrown-b6r
@DonaldBrown-b6r 2 сағат бұрын
There is a difference between "despise" and "hate."
@MikeW-xs8rf
@MikeW-xs8rf Сағат бұрын
Takes money to make money though. Most people get that big lucky break in life called an inheritance or something along them lines.
@DonaldBrown-b6r
@DonaldBrown-b6r Сағат бұрын
@MikeW-xs8rf An old German immigrant once told me, "America is the only country in the world where money runs in the streets like water. All you need to do is figure out how to pick it up. " Old Freddie was wise man, may God rest his soul.
@CTBauer
@CTBauer 2 сағат бұрын
I work for a large bank. One of my team members is an older black woman who has worked for the same bank for about 35 years. When she was first hired, it was a low paying / minimum wage job and she had two kids. Her first manager told her to take advantage of the 401(k) program even though it would be a struggle financially. She heeded that advice and has not stopped contributing to this day. She has slowly moved up in the organization,, but isn't making close to six figures, however, she has continued contributing. We were talking about retirement and whether we were ready financially. She said that she had well over $1 million in her 401(k) now and felt as if she could retire at any time. The advice given on this video is sound, good advice that everyone should follow.
@RaymondYocum-uw5hd
@RaymondYocum-uw5hd 2 сағат бұрын
Who cares?
@a.e.7988
@a.e.7988 2 сағат бұрын
​@@RaymondYocum-uw5hdloser, then why are you on here?
@jaredroussel
@jaredroussel 3 сағат бұрын
Contribute *even if* you have high interest debt. Getting into the habit of saving is just as important as getting *out* of the habit of excessive spending. It's a psychological equation, not just a mathematical one.
@wishbone103
@wishbone103 2 сағат бұрын
The habit of saving is the most important habit you can develop.
@robertdelpino504
@robertdelpino504 2 сағат бұрын
Wrong saving acc at most 4.25 % interest . Invest s&p500 averaging 9 % a year diversified on crypto 5 % of your savings and invest in ai etfs .
@lightkirsche
@lightkirsche 2 сағат бұрын
Bartiromo is pure sense.
@muscleboystud5291
@muscleboystud5291 2 сағат бұрын
This is great advice. I agree 100%.
@Lfar59
@Lfar59 2 сағат бұрын
Self employed don't have a 401K. When you have to choose between the electric bill and groceries, saving is hard.
@ericlee2931
@ericlee2931 Сағат бұрын
All people have essentially free accounts with Vanguard, Fidelity and Schwaab, meaning they can fully fund any type of self-funded account. There is in fact a path for the self-employed to arrange a self -4O1k ...look it up If you are self-employed and can't pay your electric bill. time to look for a second job
@whjerts
@whjerts Сағат бұрын
Self employed have IRA’s and SEP
@davidreidenberg9941
@davidreidenberg9941 2 сағат бұрын
Simple, live below your means.
@peekosthename
@peekosthename 4 сағат бұрын
Insider trading seems to help Pelosi
@BA-pz3lo
@BA-pz3lo 3 сағат бұрын
😂 off topic but point taken 👍😂👍
@RonnieShacklett
@RonnieShacklett 3 сағат бұрын
You can see her traded . Don't cry just copy
@AntoineWilliams7118
@AntoineWilliams7118 3 сағат бұрын
Newsome too! His companies have profited year after year because he is the governor.
@AntoineWilliams7118
@AntoineWilliams7118 3 сағат бұрын
Newsoem too, his companies made billions because he is the governor
@Sanchyfab
@Sanchyfab 2 сағат бұрын
I believe diversification is key
@Sanchyfab
@Sanchyfab 2 сағат бұрын
Consider diversifying your portfolio with a mix of stocks and stable assets. Seeking professional advice now could provide valuable insights and strategies to navigate market uncertainties and protect your investments.
@V.stones
@V.stones 2 сағат бұрын
Financial planning and retirement strategies are crucial, especially in today's economic climate. With global economic fluctuations and uncertainties, it's essential to have a solid plan in place to protect your financial future.
@V.stones
@V.stones 2 сағат бұрын
with the ever-changing global economy, tax laws and regulations can also vary, impacting how investments are taxed. It's essential to stay informed and plan strategies accordingly.
@Deitricklaverne
@Deitricklaverne 2 сағат бұрын
Honestly this cannot be overemphasized, helping people mitigate unforseen circumstances and mistakes .It's always good to have a financial plan,
@Deitricklaverne
@Deitricklaverne 2 сағат бұрын
You need to get a financial planner or expert on investments to aid diversify your portfolio to commodities index funds, digital assets etc, to provide illumination and guidance in the financial markets.
@specialteams28
@specialteams28 3 сағат бұрын
Step number one is actually to budget with emergency fund. Two, get out and stay out of debt, then third save for retirement
@theresiamares3170
@theresiamares3170 3 сағат бұрын
Personal finance should be taught in school…because watching our politicians sure doesn’t provide a role model…
@ericlee2931
@ericlee2931 2 сағат бұрын
Not necessary anymore. it's covered in most schools as part of the "home economics" type classes. If you hit age 18 and find yourself broke. It's time to Google "How do I save for the future" Then follow the thousands of websites and Blogs that show every possible way. Take notes and always ignore any politician.
@dougcharles6845
@dougcharles6845 3 сағат бұрын
9 out of 10 people don't have a written budget. That's a good start. With a written budget, you dictate to your money, not the other way around. Spend way less than you make helps too. Ramsey Solutions put me on track many years ago.
3 сағат бұрын
I've never had a written budget but I've also never had a problem saving, it was something I always wanted to do, even as a kid
@ericlee2931
@ericlee2931 2 сағат бұрын
Thats good advice, so easy to do
@Ginger-dn2lx
@Ginger-dn2lx 3 сағат бұрын
Why would you pay into something for your retirement if someone else gets to dictate what happens to your money?
@ericlee2931
@ericlee2931 2 сағат бұрын
Thats why you MAX OUT all 4O1Ks and retirement accounts. You have control over those if you choose to. Stop asking why and start doing what you can control.
@RS-lw9cd
@RS-lw9cd 2 сағат бұрын
You have control over what YOU do. Put money away in a Roth 401K (at least up to the employer match), and then if you can contribute to your own Roth IRA. Invest in a low cost index fund like the S&P 500. Contribute consistently, even if it is in small amounts. The first dollar you invest will be worth more than anything after due to compounding returns. Putting your head in the sand like an ostrich is no excuse saying that someone else gets to dictate what happens to your money. It is your money. It is up to you how you want to do with it. Invest it wisely and consistently, and it will reward you down the line and in retirement.
@le9051
@le9051 Сағат бұрын
I don't understand this, it doesn't make any sense to me you are the one that has control over your money
@Mindvirus-ly5ed
@Mindvirus-ly5ed Сағат бұрын
First of all, 65 is not full retirement. It's 67 for people born in 1960 or later.
@adorabledeplorable5105
@adorabledeplorable5105 2 сағат бұрын
I retired at 61 . I had a pension through the Teamsters that became mature four months before my 62 birthday . I took my SS at 62 , but could have lived on my pension because I was debt free . The only regret I have about the SS is the fact you don’t collect 100% as you would at 65 , but the main regret is the fact that Medicare cost come out of your SS . So if a person can do without SS until 65 you should just so you can get the very maximum return .
@davidreidenberg9941
@davidreidenberg9941 2 сағат бұрын
No , to get the very maximum benefit, wait ‘till age 70.
@josemorrasge8100
@josemorrasge8100 4 сағат бұрын
You should tell people,Maria. That Rachel is Dave's daughter.
@upperpeninsulaphotography6624
@upperpeninsulaphotography6624 2 сағат бұрын
Millionaires who did not make it on their own, but got hired by Dad, giving advice on how to become a millionaire. That is rich
@pep590
@pep590 2 сағат бұрын
It has no relevance as she worked her way up. Stop being jealous, illegal.
@MikeW-xs8rf
@MikeW-xs8rf Сағат бұрын
@@pep590sit down dude seriously you people are annoying just stop.
@whjerts
@whjerts Сағат бұрын
@@MikeW-xs8rf people that spout nonsense because they are jealous or uninformed are annoying too.
@miken7629
@miken7629 2 сағат бұрын
Unfortunately, due to dollar devaluation, a person with a $40k income is equivalent to a millionaire earning 4% from $1 million which is $40k. Maybe we reached a point where people just work their entire life.
@le9051
@le9051 Сағат бұрын
I'm 59 years old I've been saving since I was 25 I'm not quite there yet but everyday I think about retirement.
@heymoe1179
@heymoe1179 3 сағат бұрын
37 years ago I thought the same thing...putting $$$ into my company's matching 401k plan was a black hole...money I thought I might never see again. Wow...best decision I ever made. Automatic contribution directly from my paycheck...37 year...never missed it and now it's a retired life changer.
@Stoneface_
@Stoneface_ 2 сағат бұрын
Congrats on your gains
@jogmas12
@jogmas12 Сағат бұрын
Four things to do with money, spend it, gift it, save it and invest it
@jogmas12
@jogmas12 Сағат бұрын
401k ya gotta start in your twenties and hope to be employed consistently until you are ready for retirement
@Debraishere
@Debraishere 3 сағат бұрын
There has to be a #1 rule for those people who don’t have an employer 401(k) plan.
@jayr085
@jayr085 2 сағат бұрын
You can still open a personal IRA / Roth IRA. You can still open a brokerage account.
@hexbinoban6170
@hexbinoban6170 3 сағат бұрын
You'd rather take out life insurance, at least your wife/kids can become millionaires.
@lilianchase9045
@lilianchase9045 3 сағат бұрын
Glory!!! After so much struggles I now own a new house with an influx of $155,000.00 every month God has kept to his words, my family is happy again everything is finally falling into place. God bless America.
@JackieMontes-qn1wz
@JackieMontes-qn1wz 3 сағат бұрын
I'm feeling really motivated. Could you share some details about the biweekly topic you brought up?
@donnagonzales8146
@donnagonzales8146 3 сағат бұрын
Yeah sounds impossible, yet with Christina Ann Tucker, I've come to the conclusion that financially anything is possible. I got my self my dream car 🚗 just last weekend and a whooping $320k in savings already, My journey with her started after my best friend came back from New York and saw me suffering in debt then told me about her and how to change my life through her. Christina A. Tucker is the kind of person one needs in his or her life! I got a home, a good wife, and a beautiful daughter. Note!:: this is not a promotion but me trying to make a point that no matter what happens, always have faith and keep living!!
@donnam.sadler5438
@donnam.sadler5438 3 сағат бұрын
Wow 😱 I know her too! Miss Christina Ann Tucker is a remarkable individual whom has brought immense positivity and inspiration into my life.
@anniea.lieber2940
@anniea.lieber2940 3 сағат бұрын
I got started with a miserly $1500. The results have been mind blowing I must say TBH!!
@stephanm.johnson3170
@stephanm.johnson3170 3 сағат бұрын
I know that woman (Christina Ann Tucker) If you were born and raised in new York you'd know too, No Bingle doubt she is the one that helped you get where you are!!
@Hazel66781
@Hazel66781 59 минут бұрын
Not "savers," but instead, "investors." I know it's semantics, but there is a difference.
@RobertPatricia-u3p
@RobertPatricia-u3p Сағат бұрын
Thank you Lord Jesus for the gift of life and blessings to me and my family $14,120.47 weekly profit Our lord Jesus have lifted up my Life!!!🙏❤️❤️
@DavidElizabeth-e5i
@DavidElizabeth-e5i Сағат бұрын
I'm 37 and have been looking for ways to be successful, please how??
@RobertPatricia-u3p
@RobertPatricia-u3p Сағат бұрын
Sure, the investment-advisor that guides me is..
@RobertPatricia-u3p
@RobertPatricia-u3p Сағат бұрын
Mrs Cathie wood
@MichaelLinda-r7u
@MichaelLinda-r7u Сағат бұрын
Her services is the best, I got a brand new Lambo last week and paid off my mortgage loan thanks to her wonderful services!
@nancyflores1787
@nancyflores1787 Сағат бұрын
😱Sounds familiar, I have heard her name on several occasions.. and both her success stories in the wall Street journal!
@Poppy_love59
@Poppy_love59 2 сағат бұрын
I'm 65 going on 66. I plan to keep on working not because I need the money. But simply I need a reason to get up everyday. I don't play golf, nor do I like to travel at leas not very far from home, (I love being an American.) So all my friends are at work, so I plan to be there as well.
@pep590
@pep590 2 сағат бұрын
Those are great reasons to work. Good for you.
@luannkelly5071
@luannkelly5071 4 сағат бұрын
Now days, we retire because of health!!! Health is king.
@WhoFramedMSG
@WhoFramedMSG 4 сағат бұрын
Oh yeah can't wait for trump to gut the ACA and fully privatize Medicare! No more free rides!
@YvetteJirsaraie-h6h
@YvetteJirsaraie-h6h 4 сағат бұрын
When we finally retire, we ArevAll About Our Fathers Business, here on Earth! We love being Cheerful Givers and Peacemakers. Halaujah 🇺🇸 ❤
@jeffreymcbath158
@jeffreymcbath158 52 минут бұрын
Good advice.
@keithmath.8826
@keithmath.8826 53 минут бұрын
I've tried everything and everywhere done everything is only one thing that works
@robertestrada434
@robertestrada434 3 сағат бұрын
Love you Maria, but this is a good plan for some and i did it, saved close to two M before retirement but read rich dad poor dad. Wish that I had read this twenty five years ago. I wouldn’t have put a dime into a 401k. Better to put money down on a rental property and use after tax money to pay a mortgage and collect rent even at a little loss if you can. The debt and depreciation will pay you back at tax time, your asset if maintained will increase in value, the government will not mandate that you liquidate your assets like they do a 401k so they can tax you and you can pass this money maker on to your kids.
@squiggs1002
@squiggs1002 2 сағат бұрын
I know someone who decided put all his retirement money into some rental properties. Then the 2008 crisis came and he ended up losing losing both of his properties. He ended with no retirement fund and no properties.
@kimberlyjones4534
@kimberlyjones4534 3 сағат бұрын
Good content. I think investing can put you there. I’m grateful for the financial benefits resulting from the approval of Bitcoin ETFs. Thanks to your support, I am earning a consistent weekly profit of $3500, irrespective of economic conditions.
@kimberlyjones4534
@kimberlyjones4534 3 сағат бұрын
This has put my finances in great shape especially with the recent high price of Bitcoin and xrp . All I needed was the right advice
@sarahann8796
@sarahann8796 3 сағат бұрын
Same here, I believe the Bitcoin ETFs approval will be life changing opportunity for us, with my current portfolio made from my investments with my personal financial advisor 1 totally agree with you
@chrisdeborah4191
@chrisdeborah4191 3 сағат бұрын
YES!!! That’s exactly her name (Audrey Lauren ) so many people have recommended highly about her from Brisbane Australia…🇦🇺
@Chrisbaker135
@Chrisbaker135 3 сағат бұрын
I’m a long term investor, I withdrew my profits of over $61,000 during the Covid-19 pandemic.
@Chrisbaker135
@Chrisbaker135 3 сағат бұрын
She is my family’ personal Broker and also a personal Broker to many families in the United States, she is a licensed broker and a FINRA AGENT in the United States.
@FrancoM7747
@FrancoM7747 2 сағат бұрын
Self directed retirement is the worst thing to happen to working people.
@drywallisinmyblood
@drywallisinmyblood 3 сағат бұрын
“become a saver” just watch a few minutes of tv commercials and see this is the opposite. They want you to buy now and pay later
@OneWildTurkey
@OneWildTurkey 3 сағат бұрын
Self discipline isn't taught any more.
@jebediahnightlinger6357
@jebediahnightlinger6357 Сағат бұрын
I can't wait to never retire!
@atruefreethinker1944
@atruefreethinker1944 Сағат бұрын
if all the crap with Covid didn't happen and Biden didn't get in, I wouldn't have had to withdraw from my 401K. literally drained it down to 20% of what it was. because of Bidenomics I was laid off twice and without work for 3 years. I've never been laid off before. lot of people like me... wasn't our choice.
@milescoleman910
@milescoleman910 56 минут бұрын
Wrong. The number 1 way to become a millionaire is to inherit
@waitstill7091
@waitstill7091 2 сағат бұрын
A penny saved is a penny earned - 1737 Poor Richard’s Almanac
@Ginger-dn2lx
@Ginger-dn2lx 3 сағат бұрын
People stopped funding retirement when they figured out that they wouldn’t be getting retirement or it would be pushed back so far, they would likely not even survive long enough to receive it. They decided not to pay into it when the government decided to take back their word that it is not a tax and they aren’t going to touch it.
@ericlee2931
@ericlee2931 2 сағат бұрын
You are confused, yes, sure the government messed up the social security system, but you are required to pay into that program. You state: "People stopped funding retirement when they figured out that they wouldn’t be getting retirement" I ask you. How does one choose not to pay into SS? But since most agree that SS fails it promise, would it be wise to save for your own retirement while you still can?
@OriginalWhiteDevil
@OriginalWhiteDevil 2 сағат бұрын
The key is to put your money where it's going to make you money at a rate faster than inflation. Savers lose wealth, while smart investors gain.
@GolfPattaya
@GolfPattaya 3 сағат бұрын
When I was working in the insurance and financial services business families were spending several hundred dollars on mobile phone plans and another couple hundred on cable bills. There was $500 a month going out the door that didn't need to. Understand the difference between wants and needs
@8788bb
@8788bb 2 сағат бұрын
Just because your invested into your 401 k. Make sure someone’s not withdrawing from your account.
@jessesoto6150
@jessesoto6150 Сағат бұрын
Real estate is the #1 way to become a millionaire
@LukeL685
@LukeL685 2 сағат бұрын
What if the company I worked for went bankruptcy?
@whjerts
@whjerts Сағат бұрын
If you were contributing to a 401k plan it would be safe
@OneWildTurkey
@OneWildTurkey 3 сағат бұрын
How many sole proprietors have 401k's?
@squiggs1002
@squiggs1002 3 сағат бұрын
There is a solo 401K .
@davidreidenberg9941
@davidreidenberg9941 2 сағат бұрын
Everyone of them can have a self directed retirement plan.
@kauaicouple
@kauaicouple Сағат бұрын
Millionaire is the new thousandaire
@brianf7087
@brianf7087 2 сағат бұрын
Most millionaires do not have 401 k plans
@calvinchauvin78
@calvinchauvin78 2 сағат бұрын
That wasn’t the topic
@pep590
@pep590 2 сағат бұрын
Not true at all, not true at all. The book millionaire next-door debunks your LIE! AS does Dave's research. No one take advice from this broke guy
@ericlee2931
@ericlee2931 Сағат бұрын
You forgot to mention that many people with 4O1ks have become millionaires
@tylermassas6103
@tylermassas6103 3 сағат бұрын
The number 1 rule is buy Bitcoin and avg. 63% per year.
@JohnDoe-zz3hj
@JohnDoe-zz3hj 3 сағат бұрын
BITCOIN at .10 cents ... Now it Quantum coins, buy em cheap boys.
@kauaicouple
@kauaicouple Сағат бұрын
saving is useless...unless you are investing with an interest rate that beats inflation, you are losing money
@russellgraybill6076
@russellgraybill6076 Сағат бұрын
age 67 and 1/2 thank you for noticing
@harrychu650
@harrychu650 Сағат бұрын
In order to outperform market returns, an investor has to accept concentration risk. That is to say, diversification is for those who lack conviction and therefore are relegated to 7% historical annual returns after inflation. That path, which is advocated for by the "pros" will take you 30 years of saving and living beneath your means to retire just to live out your remaining years living beneath your means. I recommend younger retail investors go all-in on Tesla stock while the discounts last.
@blessedgraceindeed
@blessedgraceindeed 52 минут бұрын
Not sure how you retire in this economy ever. I will have to work forever I'm 65.
@jaysonj9327
@jaysonj9327 Сағат бұрын
Debt is a four-lettered word.
@idrissaluseni9952
@idrissaluseni9952 2 сағат бұрын
Conflict of interest?
@lvioland23
@lvioland23 3 сағат бұрын
Best to learn about money on yr own and never trust the "experts!"
@DankNstien
@DankNstien 2 сағат бұрын
You know what a good investment is? It's spending 200 million to get someone elected president. The return? How about a doubling of your net worth roughly 200-250 billion increase . Yeah elon's lookin out for the little guy are you feeling that bump in his net worth in your everyday life? 🤷
@whjerts
@whjerts Сағат бұрын
Yep I’m feeling it, I own Tesla stock. Elon is smart, put his money on a winner. The billionaires that helped fund Harris’s 1.4 billion failed campaign put their money on a loser.
@arnie1005
@arnie1005 2 сағат бұрын
And when the company go broke?
@FrankPereschica
@FrankPereschica 2 сағат бұрын
Latino for Trump 💜💵
@RangerDon-o5y
@RangerDon-o5y 2 сағат бұрын
No! Many people in 2008 lost up to 40 percent of they're 401k. A fool and his money are soon parted. Save, buy CD's pick low risk investments if you must invest.
@FrancoM7747
@FrancoM7747 2 сағат бұрын
A lot of folks on here may be too young to have lived through that period.
@RangerDon-o5y
@RangerDon-o5y 2 сағат бұрын
@@FrancoM7747 👍
@ericlee2931
@ericlee2931 Сағат бұрын
The fools you mentioned are the ones that sold in a panic at rock bottom prices. I guess you're a fool if you held that 40% lost in 4O1k, continued to buy stocks at an all-time low, ride it out to a dramatic increase in wealth. Remember you only lost if you sold in 2008... If you did not sell and purchased more, you are rich today
@RangerDon-o5y
@RangerDon-o5y Сағат бұрын
@@ericlee2931 nail on the Head, best not to ever panic.
@Tchp-ld1uz
@Tchp-ld1uz 2 сағат бұрын
Ramsey plan makes sense for getting out of debt. Not the best investment advice (for a mass broad appeal; set it and forget it, sure). Also, would still tell anyone who has lower interest rate student loan debt to keep contributing to a 401k and/or Roth IRA while still paying off that debt. More time in the market = higher ending balance
@KIMCHACHING
@KIMCHACHING 2 сағат бұрын
Im retired at 38
@GruncleJohn
@GruncleJohn Сағат бұрын
Rachel!
@bartdoo5757
@bartdoo5757 3 сағат бұрын
Teach your kids to be investors, not savers.
@TerrisPizza
@TerrisPizza 2 сағат бұрын
I think that's what she's implying.. 🤷‍♂️
@bartdoo5757
@bartdoo5757 2 сағат бұрын
@TerrisPizza She should specify.
@frankdatankdegen9553
@frankdatankdegen9553 Сағат бұрын
Lol they always make it seem so easy. Everything cost too much argue with me and yes some people just dont invest
@AndrewJohnson-o7g
@AndrewJohnson-o7g 2 сағат бұрын
i know many that are claiming disability for one reason or another
@timothymorgan2150
@timothymorgan2150 2 сағат бұрын
Don't let anyone sign your checks Tony Perkis sr
@josephcontreras3988
@josephcontreras3988 Сағат бұрын
To bad retirement is 67
@YvetteJirsaraie-h6h
@YvetteJirsaraie-h6h 4 сағат бұрын
I have been semi-retired, as a Caregiver. I love being my own boss.
@dinosaurdude5668
@dinosaurdude5668 2 сағат бұрын
Investing is no longer an option for younger generation. Saving of course is important, goes without saying. But if you don’t invest, the inflation will eat away what money you think you have. There is risk no matter what
@john00123
@john00123 2 сағат бұрын
My wife and I are multi millionaires and I would say we have 2 important income streams, between dividend/wage income and commercial rental income. we are Keeping it safe and aggressive using ETFs, I am retiring next yr at 57, My million dollar dividend portfolio payout total of $450,000 a yr to live comfortably, and its all because of my Financial Manager who handles activities in my Portfolio. ❤✅
@rubywebster552
@rubywebster552 2 сағат бұрын
Amazing! thank you for sharing part of your experience. do you mind also sharing your how to find your Financial Manager ?
@john00123
@john00123 2 сағат бұрын
Sincerely speaking I work with Essmildaa Morgan, and will continue to stick to her guides for as long as it works. She is well known, just look her up.
@anthonypayne8106
@anthonypayne8106 2 сағат бұрын
Wow I work with Essmildaa also. She is my Advisor ! Last year instead of losing 20% I was down only 4%.
@Westcoastguy
@Westcoastguy Сағат бұрын
SCAMMERS 😂😂😂😂😂😂😂😂😂😂
@im2yys4u81
@im2yys4u81 Сағат бұрын
So you have a "million dollar dividend portfolio" with a $450,000 a year payout. The math isn't mathing.
3 сағат бұрын
Save/Invest and quit making excuses....there's always an excuse yet there's always a way to put "something" away
@Luckypennyman
@Luckypennyman 54 минут бұрын
Sorry i dont buy it. 60% of everyone is in debt and will never get beyond living paycheck to paycheck as it has always been. 401K's Roth's are for state and government employees, union retirement is for the workers that work for the states or federal government. But the local small business person and your service repairman will never have anything but social security.
@YvetteJirsaraie-h6h
@YvetteJirsaraie-h6h 4 сағат бұрын
We were taughtall of these financial things in our youth. None of this information is new.
@OneWildTurkey
@OneWildTurkey 3 сағат бұрын
"We" is a small group now.
@YvetteJirsaraie-h6h
@YvetteJirsaraie-h6h 3 сағат бұрын
@OneWildTurkey You are correct! They are now sitters! Residents of entitlement, no longer creative, carrying on valuable work ethics! Churches conformed to the money changes, even hired attorneys to sue believers. That is against God's laws because believers were told to gather 2 or more witnesses to handle disputes. Private sector honors God and country, with Freedom and Liberty. Churches must return to be I ng the Head, not the Tail. It's time for Churches to invest within the community where the church reside, therefore serving neighbors with carpooling, affordable, cultural childcare, with fatherhood and morherhood, protections.
@bonkngr1681
@bonkngr1681 2 сағат бұрын
Common maria
@TheNerdistheWord
@TheNerdistheWord Сағат бұрын
Went to a Dave Ramsey certified financial planner in Nashville in 2012 and he told us to sell our Tesla stock my husband had bought 2 years prior to pay off debt. We would be millionaires. Thanks idiot. Think for yourself and take this advice with a grain of salt.
@keithmath.8826
@keithmath.8826 53 минут бұрын
No she's not right. Get ready.😊
@Retired1-b4v
@Retired1-b4v 4 сағат бұрын
Get into Politics and steal it.
@cynthiagravett2419
@cynthiagravett2419 3 сағат бұрын
You're being facetious I guess.
@brettmann6677
@brettmann6677 2 сағат бұрын
The number one rule of investing is don't invest in 401ks or stock market...you don't depend on other people or companies to invest your money....huge mistake
@pep590
@pep590 2 сағат бұрын
You are on crack
@ericlee2931
@ericlee2931 Сағат бұрын
The mistake is the info you state... 4O1ks and the stock market allow the owner to guild and invest as they choose, in fact most 4O1k plans make the employee choose where the money is invested
@stradainspiration2022
@stradainspiration2022 Сағат бұрын
You talk about saying?
@ii_melton_ii29
@ii_melton_ii29 3 сағат бұрын
Lotta excuses in these comments
@Jowls2024
@Jowls2024 3 сағат бұрын
Don't touch it.....good luck with that. Don't ever lose your job. Good luck with that!
@RS-oy7uh
@RS-oy7uh 4 сағат бұрын
SSI for the aged pays more than social security in some cases. The entire system needs to be overhauled.
@mikezappulla4092
@mikezappulla4092 3 сағат бұрын
The money comes from two different places.
@TheAdventuresOfAce
@TheAdventuresOfAce Сағат бұрын
Maria it was my experience that when I gave 10% of my gross earnings to my poor little Pentecostal church family that God blessed me beyond measure and my 401k contributions and IRA plan never took a hit by bad events in the world economy disasters staring with OCTOBER 1987 crash then Y2K crash and then 2008 Crash and then Covid crash. During all of these events my investments were safe. God has given me much more than I ever put aside for the church and I was able to help out my neighbor. Every time I think about my retirement I think God has my money and “IN GOD WE TRUST” I will always remember who it is that guaranteed my retirement savings. God can do all things Ephesians <a href="#" class="seekto" data-time="200">3:20</a>-21.
@geedee2420
@geedee2420 4 сағат бұрын
The importance of fully funding your ROTH IRA cannot be said enough.
@Vitruvianmanmile
@Vitruvianmanmile Сағат бұрын
Buy weed, get tattoos, the latest cell phone and blame others for your lot in life.
@robloxvids2233
@robloxvids2233 3 сағат бұрын
Step #1 of 1: Have a rich dad.
@JohnDoe-zz3hj
@JohnDoe-zz3hj 3 сағат бұрын
Step 2 BITCOIN
@calvinchauvin78
@calvinchauvin78 2 сағат бұрын
This is false information
@pep590
@pep590 2 сағат бұрын
Her dad didn't make her rich. C'mon, racist
@billonthehill9984
@billonthehill9984 3 сағат бұрын
Maria, you are giving out a good dose of common sense here & I agree, it starts at a very young age as you've experienced, myself included. The vast majority of comments I've read, simply don't get it! Before I reached the age of ten, I mowed lawns in the summer, raked leaves in the fall & shoveled driveways in the winter, I even mucked out chicken coops to earn money, in the 6th grade, I was the only kid in school that always had a 20 dolllar bill in his pocket, by the age of 12 I bought my first hunting rifle, a Marlin 336c lever action for $69.95 at the local dept store & still proudly own & shoot it! Before reaching the tender age of ten, I had already amassed my fortune of $500.00 by depositing it into my own savings acct with the local bank... Vermont here, Bill... 🇺🇸
@sandraw6499
@sandraw6499 4 сағат бұрын
Save gold and silver
@glory70x
@glory70x 4 сағат бұрын
Passively managed low-cost S&P 500 index funds Vanguard VOO VTI VT and a PCOXX account did it for me. Maxed out Roth IRA every year and kept money in High yield savings and since 1993......Retirement at 55!
@ecan913
@ecan913 4 сағат бұрын
Number 1 rule to becoming a millionaire is be a daughter to a multimillionaire. This personal finance expert is just that.
@edmax2819
@edmax2819 3 сағат бұрын
We cannot chose which family we’re born into, fate decides, BUT we can chose to take control of our own life and make our own opportunities. The only person stopping you is you! Life is NOT fair! Get up and win anyways! Ps: Dave is a billionaire! With a B 😉 Choose to be inspired and not envious! God bless!
@jaredroussel
@jaredroussel 3 сағат бұрын
Cry in jealousy before you cope. Plenty of millionaires' daughters are broke, enabled, entitled, and helpless. She is none of these things. So what say you to that?
@mpddiesel
@mpddiesel 2 сағат бұрын
Victim mindset will keep you poor.
@upperpeninsulaphotography6624
@upperpeninsulaphotography6624 2 сағат бұрын
@@edmax2819 True, but you can choose to strike out on your own with your own career rather than cop out and join your super rich daddy's business.
@pep590
@pep590 2 сағат бұрын
WE are all sorry that ecan913 was born into such a trashy family.
@lvioland23
@lvioland23 3 сағат бұрын
Do put $$ in yr 401k (best to park in money market for a correction), now is NOT the time to load on mutual funds, markets are way over bought. Do yr homework, and do not believe all the experts' advice; they PUMP and DUMP!!!!
@Mmmmchocolate
@Mmmmchocolate Сағат бұрын
Rob people.
@sondersrn8061
@sondersrn8061 51 минут бұрын
I gained financial freedom way before 65 now working because I want to . My priority is my health , God , good family and good friends. Grateful I live in 🇺🇸 where building wealth is possible as an employee . 💗🇺🇸 thank you Maria Merry Christmas to you and your family 💗
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