Nice video 👍successful people don't become victorious overnight. What most people see as a glance wealth, a great career purpose is the results of hard work and hustle over time. I pray that anyone reading this will be successful in life.
@TheCompoundingInvestor3 жыл бұрын
You are absolutely right. Its all about marginal gains and lots of time.
@Elliottcam3 жыл бұрын
Came across this via Pete Matthew, as good as the content is, the delivery is superb, spot in…
@PaulHardingham Жыл бұрын
The theory is great. But in practice... ?
@funkr773 жыл бұрын
I was skeptical when I locked this one as I thought I'd seen this discussion done to death about compounding however I was wrong. It might not sound like much but you have just shown me how to increase productivity for my entire team by setting targets based on the numbers to achieve what you need. Simple and what I'd thought I'd been doing for years but this kind of gave me a epiphany moment. Thanks for all you do.
@JenniferAMThomson3 жыл бұрын
This is so wonderful - I wish you the greatest success with it ahead!
@bexlarrr3 жыл бұрын
What are some UK bank accounts that give compound interest?
@geordiegirlltd92823 жыл бұрын
You need an investment acct. Something like a Vanguard Life Strategy fund.
@hinatalieclaire3 жыл бұрын
Wow! Thank you. Total light buld moment as I have your budget system, a course and now interested in another course. So, I can see that I've become a customer who is buying more from you and if I can do that in my business too then I shall see the growth :)
@JenniferAMThomson3 жыл бұрын
Glad it was helpful!
@keithchegwin12223 жыл бұрын
Good content, I watched a lot of videos on investing and they've all pretty much said you can't beat the market, so investing in a tracker fund is the way to go, which like you say is roughly between 7%-10%. Getting 100% return on your money year in year out, so it's doubling every year is surly impossible because you would be beating the market? Thanks 👍
@TheCompoundingInvestor3 жыл бұрын
Some wise words there. I agree. ETFs make a lot of sense
@keithchegwin12223 жыл бұрын
@@TheCompoundingInvestor . Thanks, I think some people get 25% ROI within property, of course that can be quite hands on.
@heavymetalvegan65643 жыл бұрын
Needless to say, you had the last laugh.
@dre7sus3 жыл бұрын
Thank you for this extremely informative tutorial
@EwaBrzeskaMortgagesFinance3 жыл бұрын
Such an interesting concept!
@imentor3602 жыл бұрын
Yes I would like tuition from you.. plse fizz
@StupidIsTheNorm3 жыл бұрын
Great video as usual Jennifer
@kierangoddard21983 жыл бұрын
Thanks Jennifer.
@kitfoxworth54613 жыл бұрын
Thank you - I crunched the numbers with my side hustle and I either need to diversify or go full time to have any chance of significant growth (I'm not in a position to take the gamble, unfortunately) so I guess it's time to diversify and see if I can get growth that way.
@I_amJudah05092 жыл бұрын
and you have to ask yourself is it worth the risk taking a gamble when theres so much at stake, thats what puts me off from all this
@markfindlay86363 жыл бұрын
Can I miss out the first 9 steps and just get the million?( I'm lazy)
@betteryouin24183 жыл бұрын
Thats a great way to put it
@TheCompoundingInvestor3 жыл бұрын
Compounding is the real key to success over time. Excellent video. Our brains are really not wired to think exponentially because our evolution has depended on day to day survival rather than thinking long term. In order to build wealth in this way we almost have to reprogram our brains to fully appreciate the power of compounding.
@ron53783 жыл бұрын
So it takes me ten years to go from £100 to £200? Great! I can be a millionaire by the time I'm 5,482 years old...
@robertsummers19213 жыл бұрын
Not everyone in the stock market gets 7.2% return. I'm down 60% on some stocks 😂 And for starting a business, you need an idea first 🤷♂️
@JenniferAMThomson3 жыл бұрын
Sometimes when we can find many reasons not to try something straight away, that is exactly why we should see if we can make it work :)
@briancoyle39683 жыл бұрын
Love this - never considered the 3 cog money Machine method
@JenniferAMThomson3 жыл бұрын
Glad it was helpful!
@stansheppard89293 жыл бұрын
Love this channel, thank you so much for all the effort.
@JenniferAMThomson3 жыл бұрын
Glad you enjoy it!
@MisterM24023 жыл бұрын
Why stop at £1m? If you've found a way to get 100% RoR every year for 10 years, just do it again for another 10 years and become a billionaire! Wish I'd thought of that sooner!
@JenniferAMThomson3 жыл бұрын
Very good point!
@dixcn3 жыл бұрын
Hi Jennifer, I'm 22 years old currently earning £32k per year with no debt and £8k emergency fund. I really wanna get into compounding my money and investing but i have no idea where to start. I'm a big fan of you and Dave Ramsey but where would you recommend i start. My bills are only 1k per month so i have about 1k to invest per month, just wondering what areas i should be prioritising for investment.
@ndeb33713 жыл бұрын
Open a vanguard account. You’ll be retired at 45.
@normhanson9813 жыл бұрын
That’s a great salary and you’re watching this , you will definitely be a millionaire if you stay focused .
@Smithb833 жыл бұрын
It's not for me, but sounds like you might enjoy the FIRE lifestyle and 4% rule? I think Jennifer has done a video on it before 👍🏻 either way you're in a great financial position!
@hazelbrownn3 жыл бұрын
What's a vanguard account?
@Chackotries3 жыл бұрын
Great to see how the channel is doing. Been following for a while. Good to see the growth
@JenniferAMThomson3 жыл бұрын
Appreciate it!
@hazelbrownn3 жыл бұрын
What's a Vanguard account?
@imentor3602 жыл бұрын
Plse do for me
@peterianstaker53863 жыл бұрын
God damn! It makes the impossible achievable! 👍
@robertcollins70343 жыл бұрын
We love mamafurfur ! Thank you for making these videos !
@JenniferAMThomson3 жыл бұрын
Glad you like them!
@thomasdocherty74683 жыл бұрын
Hi Jennifer, do you happen to do financial lectures or talks in and around the Glasgow area? (Fellow Weegie here!!) Your advice is amazing and much needed 😄😄
@JenniferAMThomson3 жыл бұрын
You never know.....one day!
@schweppesz92153 жыл бұрын
No joke I was in bed the other day thinking about doubling from 1k all the way up to £1Million and then I see this video lol I am trying this out with stocks, £1k to £2k, sell, find other opportunities and repeat. lets see what happens, please reply to this and if i ever reach £1Million I will come back and reply to you lol
@JenniferAMThomson3 жыл бұрын
Replying absolutely - here's to your success and make sure you do good in the world as you build up to it.
@dial91113 жыл бұрын
Thank you for explaining this so clearly.
@dial91113 жыл бұрын
I started my etsy shop in July, trying to grow it organically. Hopefully I will apply these principles.