How To Get Rich *SLOWLY*… | Scott Galloway

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[@scottarmstrong11]

Success depends on the actions or steps you take to achieve it. Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Financial management is a crucial topic that most tend to shy away from, and ends up haunting them in the near future.., I pray that anyone who reads this will be successful in life!!

[@carolpaige2]

Starting early is simply the best way of getting ahead to build wealth , investing remains a priority . I learnt from my last year's experience , I am able to build a suitable life because I invested early ahead this time .

[@emiliabucks33]

An obvious way to invest for a recession is to buy shares in businesses that are likely to experience steady demand even in a downturn. Typically, those are consumer staples, utilities, and healthcare companies, but off course such decisions cannot be made by an average Joe, a financial advisor is important in making these decisions

[@johnphilip1]

Having an investment advisor is the best approach to the stock market right now. I was going solo without much success until my wife introduced me to an advisor. I've achieved over 80% capital growth this year, excluding dividends.

[@phillogan1]

I've recently sold some property and am interested in investing in stocks, I'm seeking guidance. could you refer me to your advisor

[@johnphilip1]

Carol Vivian Constable is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.

[@DonaldMark-ne7se]

To my understanding this just proves how much we need an edge as investors because playing the market like everyone else just isn’t good enough. I've been quite unsure about investing in this current market and at the same time I feel it's the best time to get started on the market, what are your thoughts?

[@kevinmarten]

Since the crash, I've been in the red. I’m playing the long term game, so I'm not too worried but Jim Cramer mentioned there are still a lot of great opportunities, though stocks has been down a lot. I also heard news of a guy that made $250k from about $110k since the crash and I would really look to know how to go about this.

[@Jamessmith-12]

There are actually a lot of ways to make high yields in a crisis, but such trades are best done under the supervision of Financial advisor.

[@JacquelinePerrira]

Thats true, I've been getting assisted by a FA for almost a year now, I started out with less than $200K and I'm just $19,000 short of half a million in profit.

[@kevinmarten]

Impressive can you share more info?

[@JacquelinePerrira]

Credits to 'Carol Vivian Constable' she has a web presence, so you can simply

[@Joegolberg1]

If you wanna be successful, you most take responsibility for your emotions, not place the blame on others. In addition to make you feel more guilty about your faults, pointing the finger at others will only serve to increase your sense of personal accountability. There's always a risk in every investment, yet people still invest and succeed. You must look outward if you wanna be successful in life.

[@Benjaminarmstrong684]

The first step to successful investing is figuring out your goals and risk tolerance either on your own or with the help of a financial professional but is very advisable you make use of a professional like I did. If you get the facts about saving and investing and follow through with an intelligent plan, you should be able to gain financial security over the years and enjoy the benefits of managing your money.

[@Kevinbrian1]

The stock market rally run is gone, but I'm not sure if equities will swiftly recover, keep falling, or fluctuate in a narrow range for a few weeks, or if things will quickly get worse. I'm under pressure to increase my $150k reserve.

[@emilydonna1]

Is this a good time to buy stocks? I know everyone is saying we are in the bull market and all, but obviously there are strategies to maneuver when there is a bear market but these strategies doesn't come common to the average folk, I'm attempting to create a portfolio for me and my children that will at least be $900k in value.

[@Benjaminarmstrong684]

Making touch with financial advisors like Zachery M Demers who can assist you restructure your portfolio, would be a very creative option. Personal financial management will be crucial to navigating the next difficult times.

[@Benjaminarmstrong684]

HE'S MOSTLY ON TELEGRAMS, USING THE USERNAME...

[@tonysilke]

One lesson I've learnt from billionaires is to always put your money to work, and diversifying your investments. I'm planning to invest about $200k of my savings in stocks this year, and I hope I make profits.

[@PhilipDunk]

You are right. The best approach I feel is to diversify investments- by spreading investments across different asset classes like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown.

[@PatrickLloyd-]

That makes sense. I’ve been using a financial market expert for two years now and I own a six-figure diversified portfolio from investing in stocks. I want to diversify more this year, though.

[@mikeroper353]

I really want to get in with a financial advisor this year, especially as all markets are hitting highs. I don't want to be too optimistic and end up losing everything.

[@PatrickLloyd-]

Finding financial advisors like Amber Dawn Brummit who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.

[@mikeroper353]

Thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an e-mail shortly.

[@michaelschiemer3]

I admire your dedication to educating your audience. We all aim for financial stability and a better life. Achieving this is possible through wise investments, frugal living, and careful budgeting. I'm grateful that I learned the importance of working hard for financial freedom at a young age.

[@derrickholfman2]

In my opinion, making a smart investment is not only a technique for earning passive income, but also a profitable way of saving for future expenses. People who fail to make the proper judgments early in life often come to regret it later in life. Nonetheless, investing alone can be difficult and risky. As a result, I recommend obtaining an expert’s assistance. The challenge is not just watching videos and reading investing books; it is about implementing information effectively.

[@Dantursi1]

I’m a contractor, and my job doesn’t permit me the time to properly analyze my holdings/evaluate stocks myself, so I’ve had a fiduciary actively restructuring my portfolio for the past 7 years now to match the present market condition and that’s how I’ve been able to stay afloat, knowing when to buy and sell…maybe you should do the same.

[@CindyValenti]

Could you kindly elaborate on the advisor's background and qualifications?

[@Dantursi1]

The advisor that guides me is Annette Christine Conte , most likely the internet is where to find her basic info, just search her name, She's established.

[@Dantursi1]

The advisor that guides me is Annette Christine Conte , most likely the internet is where to find her basic info, just search her name, She's established.

[@KirbyIneson]

Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. The stock market has plenty of opportunities to earn which I myself took advantage of.. I made my first million from going diverse, mainly stocks, ETFs, coins and bonds credits to my FA. It’s a long term plan for me so I invest and re-invest

[@AurucciLou]

Wow this is really impressive...congrats on your success

[@soveinaaraceli]

Kirby please can i get your consultants info? or should i drop mine?

[@KirbyIneson]

@@soveinaaraceli she's Dianne Sarah Olson by name. please do your own research to see if she is suitable with your goals.

[@NamsaAlcantar]

@@KirbyIneson i googled the lady you mentioned and she has a really impressive bio, i'm looking to make consultations myself

[@tinsleyLuna]

Purchasing a stock may seem straightforward, but selecting the correct stock without a proven strategy can be exceedingly challenging. I've been working on expanding my $210K portfolio for a while, and my primary obstacle is the lack of clear entry and exit strategies. Any advice on this matter would be greatly appreciated.

[@RolandWingo]

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.

[@VanChuong-on2gh]

Even with the right strategies and appropriate assets, investment returns can differ among investors. Recognizing the vital role of experience in investment success is crucial. Personally, I understood this significance and sought guidance from a market analyst, significantly growing my account to nearly a million. Strategically withdrawing profits just before the market correction, I'm now seizing buying opportunities once again.

[@mandyyonge]

thats really massive!How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?

[@VanChuong-on2gh]

I have a female advisor named Lucia Alicia Cruz. I recommend researching her. To be very honest, I'm glad I decided to let someone handle expanding my finances even though I almost didn't think I should.

[@mandyyonge]

thankfully googled lucia Alicia Cruz and was able to schedule a call session with her, she seems very professional from her resumé with over two decades of experience

[@matthewthompson0]

Forget the mainstream stuff and get the book called 'the hidden truths of wealth' by Oliver Mercer, It's the only thing that works

[@gioc610]

404 likes in 51 minutes with no comments… this is bs

[@johndoe2769]

Bots

[@Brandon-gw4ed]

BOT! SCAM!

[@GJones247]

Scott is right about the life lesson, I lost thousands of dollars to individual stocks.

[@masterchinese28]

Same here

[@EleanorZeus1]

So true! Wealth has no shortcuts, here are ways to acquire it..🔥

[@EleanorZeus1]

the first step to gaining wealth is figuring-out your goals either on your own or with heIp of a financiaI pIanner and foIIowing through with InteIIigent pIans; you wiII gain financiaI growth in no time and enjoy the decision of managing your finance

[@EleanorZeus1]

I had decisions that grew my finances (gathered over 1M in 2yrs) with heIp of my financiaI pIanner. Living the dream, hoping to retire next year.g

[@EleanorZeus1]

Elizabeth Greenhunts get to her with the name

[@esqu1re]

Started around 12 years ago and got serious about 8 years ago. Saved 25% of income and rode the market up. Simple to do. But, simple doesn't mean easy. It is difficult to defer gratification, but if you can do it, you can have more money than you originally imagined.

[@thegreat9481]

Its very simple to delay gratification. You either wanna be an owner or a consumer…..

[@gobot4455]

I agree with you. In my early 30s I wondered how my friends drove nicer cars, wore nicer clothes and lived in nice apartments could afford it. I put moneybin my 401k. I think that was the difference

[@esqu1re]

@@gobot4455 How is your lifestyle compared to your friends today?

[@cristoff3]

at what age do you pull the money out and actually enjoy it...? genuinely curious. thanks

[@gobot4455]

@@cristoff3 so I did a future value of a present sum calculation using the year between when I want to retire and a year where I made enough money to "be comfortable" . I used the median inflation rate since 1972 (3.8%) as the compounding rate to calculate what that "retirement" number is.

[@Robertgriffinne]

I am at the beginning of my "investment journey" I plan to put 185K into dividend stocks so that I will be making up to 30% per year in dividend returns. Any advice for stocks that can outperform the S&P500 this 2024?

[@BillAdamson-bp9ff]

I’m not well versed with the conditions of the marketplace, the avenue flow of transactions, not equipped enough with information. My best guess as to what outperforms the S&P is BRK or perhaps NVDA

[@Erinmills98]

The issue is most folks have the “I want to do it myself mentality” but not skilled enough during crash, apparently they get burnt. Ideally, advisors are perfect reps for investing jobs and at first-hand experience, my portfolio has yielded over 350%, since the covid-outbreak to date, summing up nearly $1m.

[@AndrianWiener]

truly appreciate the implementation of ideas and strategies that result to immeasurable progress, thus my desire for a reputable advisor... mind sharing info of this person guiding you please?

[@Erinmills98]

Not to blow her trumpet, but '' KRISTIN AMY ROSE '' is exceptional in navigating tough markets. She has been planner ever since we met in London global economy conference. she's verifiable , so you could just search her and book an apointment. good luck!

[@Erinmills98]

KRISTIN AMY ROSE is the licensed advisor I use. Just search the name. You’d find her webpage and necessary details to work with to set up an appointment.

[@northernrogue1]

Started at 40. It won't make me a millionaire, but it will certainly take the edge off when I hit retirement.

[@thilgu]

You can pay off your mortgage and live comfy with 20 years of investing.

[@robinkeck9950]

That Ferrari line is the funniest gag I have ever heard on a KZbin clip like this. Brilliant.

[@frankbell1408]

From $10K to $110K that's the minimum range of profit return every week I think it's not a bad one for me, now I have enough to pay bills and take care of my family

[@Chrystian-e8d]

Wow that's huge, how do you make that much ? I'm 37 and have been looking for ways to be successful, please how??

[@frankbell1408]

Oh, yeah. I was able to achieve that with help of my coach /Guru Jenifer Spencer ❤❤❤❤❤❤❤

[@frankbell1408]

She's a licensed broker and successful entrepreneur from the state.

[@Darrencriss-nx9xv]

That's great!!. I don't know anything about investing and I intend to start. What are your strategies?

[@danielhounkanrin3861]

The best strategy is starting with a professional coach, as a beginner who knows little or nothing in the market

[@MichaelGillespie-MG]

If you are not in the financial market space right now, you are making a huge mistake. I understand that it could be due to ignorance, but if you want to make your money work for you...prevent inflation

[@DavidMoore987]

Interesting, This is superb! Information, as a noob it gets quite difficult to handle all of this and staying informed is a major cause, how do you go about this are you a pro Investor?

[@DavidMoore987]

I feel Investors should exercise caution with their exposure and.exercise caution when considering new investments, particularly during periods of inflation. It is advisable to seek guidance from a professional or a licensed expert in order to navigate this recession and achieve potential high yields

[@MichaelGillespie-MG]

Prioritizing effective personal finance management holds greater significance than the sheer amount saved, irrespective of income source. Consulting a certified financial advisor can offer tailored strategies to optimize financial results by reducing expenses and enhancing income, regardless of whether it's earned through employment or investments.

[@MichaelGillespie-MG]

Brian Humphery Services was my hope during the 'bear summer' last year. I made so many mistakes but also learned so much from it, and of course from Brian.

[@MichaelGillespie-MG]

He is really a good investment advisor. Was privileged to attend some of his seminars.that's how I started my own crypto investment

[@tree3po]

starting at 48. still have time. just start now

[@davidc4408]

You can do nearly any age now. Friend made $14 million in bitcoin buying in 2016 and sold some recently. He was 62 and IT tech guy who followed crypto.

[@Matt-ur3dm]

Same age as you. I don't know what to do

[@danmurad8080]

@@Matt-ur3dm study finance. Remain a lifelong student. Finance is deep. If you don't want to, live below your means and invest in a growth ETF.

[@tree3po]

@@Matt-ur3dm I am just adding mutual funds and dumping money in them weekly to build it.

[@superred5]

47 here. You’re right. Never too late 😎

[@LemonScreech]

For Brits we want to open a SIPP and a stocks and shares ISA (both tax efficient ways of building wealth). For Brits buy VUSA (pays you the dividend) or VUAG (simpler, automatically re-invests the dividend for you), if you don’t know what you are doing. Just hold them long term.

[@NiallHatton]

Thanks for this, was just looking for the syp and couldn’t find it

[@DA-nh8ze]

What's your thoughts on also investing in VUKG that tracks the FTSE 100, quick search seemed to suggest the FTSE 100 had slightly outperformed the S&P 500 over the last 50 years? (16,388% increase on FTSE 100 vs 13,109% on the S&P 500) - thinking of investing 50% in VUAG and 50% in VUKG - good idea?

[@LemonScreech]

@@DA-nh8ze well….. it increases diversification. Depending on who you listen to, that is good or that is bad. Personally I think the US will outperform the UK. But all anyone does is give it their best guess (educated guess if they study). Watch Peter Lynch, Warren Buffett and Charlie Munger videos for a good introduction. Also, be aware of your own limitations. And “Past performance is NOT an indicator of future results”.

[@mattinterweb]

Starting at 28 is young dude!

[@user-gi5dt2lr8i]

I started at 28, wanna retire by 45

[@tracyaf6084]

I started at 28 😊I’m 45 and have confidence I can retire at 59 when my last kid is finished school.

[@1brunner699]

@@user-gi5dt2lr8iGood luck with that lol

[@amazinglats6020]

When I got out of high school I did so much research on finance and luckily learned this very young. It has treated me well.

[@rebeltheharem7028]

Same here. Invested all my money when I started college, with a selection of stocks and index funds (thanks magnificent 7 for making me so much money). So even after I was a NEET for 2 years after graduation, I still ended up hugely in the positive, and ever since I got full time jobs, I've always put my left over money into the market. I can pretty much retire now, but I kinda like my current job and work place, so I'm staying put.

[@supreme5580]

Love this. Diversification and stock picking made me so much richer. I see Index funds as a practice to stock picking, a lot of my stocks are actually influenced by the top stocks in those well performing funds. Perfect balance

[@fastmaker9091]

SPY is a State Street Global Adviser product. VOO is a Vanguard product. They are both SP500 ETF index funds

[@LarryJr-r4h]

*❤Amazing content, You are still the best! It's been a year since I found ways to improve my finances and by working with a recognized professional, I was able to achieve financial independence, I have to say this; "As long as you have determination and work hard, you can achieve anything you set your mind to."*

[@LarryJr-r4h]

You are a blessing to everyone listening to your channel! I lost good amount in market but now making over $18,000 per week trading different stocks and cryptos.

[@user-pm1en2wc4r]

I usually look up your videos for updates! Our government has no idea how people are suffering these days. I feel for people with disabilities not getting the help they deserve, Thank you Ms Alice Terry, imagine investing $12,000 and received $305,500.

[@michaeldennis38]

Same here, with my current portfolio made from my investments with my personal financial advisor I totally agree with you

[@collinsavan1366]

Wow! Kind of shock you mentioned expert, Alice Terry, What a coincidence!!

[@annarobert7575]

Ma'am Alice has really set the standard for others to follow, we love her here in the UK as she has been really helpful and changed lots of life's

[@Tiffanieg81]

I started a year ago at 42 😅

[@jneumonik]

Nice, 81is a great year! Born in 81 as well.

[@jeffb.4800]

Better than at 43.

[@hotkeyafl]

Great interview

[@marksmallwood4938]

I started at 40. 6 years later I’ve hit £200k. It took discipline, sacrifice and not bailing out in the downturns but I’ve every confidence I’ll hit my target by 57 now. No im not in vanguard I paid for financial advice and it was the best money I’ve ever spent.

[@robotman011]

Planning to start at 23!

[@richo1234]

Lucky. I wish I knew about this stuff at your age!

[@Mactakun]

Start now. Just invest a little per month.

[@veritas3179]

Most useful information in an interview for me.

[@mattinterweb]

G Man clearly doesn't use Vanguard. SPY isn't a Vanguard fund. But, he's right its incredibly hard to beat the market, so just buy the market. IVV, SPY, VOO (VUSA or VUAG in the UK) they all basically do the same thing. Buy the one with the lowest expense ratio.

[@katiep2676]

I got vusa. Also made 40.percent in Two years in another suite.of shares mainly due to buy RR when it was low. Berkshire Hathaway you can't go wrong either... And big tech giants love em or hate em ai is where it's at..

[@MarkCan-gy4rx]

Clearly you dont use Vanguard either because SPY is literally on their website. SPDR® S&P 500® ETF NYSE Arca : SPY 😆

[@MarkCan-gy4rx]

Clearly you dont use Vanguard either SPY is literally on Vanguards website 😅 SPDR® S&P 500® ETF (NYSE : SPY)

[@cheekynandos5056]

Incredibly hard unless you have insider knowledge which is an entirely different conversation

[@awolf81]

Vanguard’s VOO expense ratio is 0.03%. That’s pretty low.

[@NormanGhali]

My wife and I sold our house recently in Florida to move to Texas. I invested some of the money from the sale in the stock market. The portfolio is up 300k this month alone. I guess she knows the investment is making profit, but we've never really spoken openly about it. It's one of the best choices I made. Lesson is, it took us years to gather equity in our house, but just months to 500k. It's good to have slow and fast strategies.

[@albacus2400BC]

Wow, that's a good ROI. You trade or you have been holding all this while?

[@NormanGhali]

Oh no, I don't really trade. Too complex and random for me. I work with a financial advisor.

[@bcusaaus4749]

I started investing at 60, never too late

[@jesse_cole]

I love hearing two multimillionaires discuss what the rest of us should be doing with our "disposable money."

[@Marquez919]

Net worth truly snowballs after $100k! 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!

[@BevanBraselton]

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 wouldnt have to worry about savings as you do now. Thanks to my FA, my portolio is doing really great and im proud of the decisions i made last year.

[@RobbStonee]

Nice. People often underestimate financial advisors' importance. Over 50 years of data reveal that those who work with advisors typically earn more than those who go it alone. I've been fortunate to work with one for 13 years, resulting in a $1 million portfolio, largely from early investments in AI and other growth stocks..

[@livia-s6t]

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

[@OsborneLatin]

I need to get in touch with this advisor too

[@RobbStonee]

*Sharon Lynne Hart* has always been on the top of my list..She is regarded as a genius in her area and well knowledgeable about financial markets. I highly recommend you look her up if you want excellent collaboration.

[@officialrwamirego]

Try as hard as you can to put you in a position where you invest dispite your best effort not to. Great line

[@paulbarteltii9998]

Great video. Thank you

[@rebeltheharem7028]

I was raised frugally, so saving money was always ingrained in me. And my own desire to make the most money for the least work, made me an index investor. These two things combined together to make me well off (not rich, well, not by my standards). Edit: The majority of millionaires did it by automatically saving. The rest did it by living frugally. When you change your mindset from "how do I spend this money" to "how do I save and invest" this money, you set yourself up on the path to financial wellness, because learning how to save has to be ingrained in you. You need to learn how stop your self today, so you can have more tomorrow. Once you do, you will find yourself spending less, saving more, and thus investing more. No matter how much money you make, there are always ways to cut spending on (or alternatively, there are always ways to make more money if you have cut the limit).

[@junfan11]

He “meant” VOO 😅🤦🏼‍♂️

[@ethanshy280]

SPY and VOO are the same.

[@junfan11]

@@ethanshy280 not the “same” they mimic/track the same index.

[@ethanshy280]

@@junfan11thus they are the same.

[@junfan11]

@@ethanshy280 ok ✅

[@fabiGBOtown]

Spy has 0dte options and voo does not, if you want to sell daily covered calls on your 100 shares for extra income, you would want spy. Not voo. If you don't plan on selling covered calls to reach your goals faster, stick to voo, it has a lower expense ratio at .04

[@Will-S]

I remember my high school welding teacher telling me to invest NOW. Even if it’s just a little. I didn’t understand the gravity of his statement and thought I had plenty of time. Now, at forty, I feel like is not enough time. Starting late is still better than never.

[@k.t.8537]

His first check out of college was $28,000…what percentile are you in getting a check like that? Good hell

[@benf4570]

Going all in on nvda thanks for the advice.

[@theladder06]

Excellent talk and content 👍

[@ClaxtonBay123]

2:40 its a 401K. And the government doesnt match. Its your company that matches. I find it weird that they didnt know what a 401K was.

[@ChuckMcKinnon71]

He's talking about UK-specific schemes (he says "pounds"), probably SIPP or LISA.

[@gobot4455]

I will be very interested in how long it takes to make my next $100k. Ultimately the goal is to make that in 6 months but that is years down the line.

[@jesse_cole]

From the title, I'm guessing the answer is, "Rich people don't waste time using prepositions."

[@reaper-sz5tm]

He’s right. Im 30 with 125k in my 401k, all S & P 500 index funds. Started 5 years ago.

[@user-lj8ep9yc4u]

I've lost 10s of thousands in individual stocks, but ive also made 100s of thousands as well. The advice here is good, if you're passionate and work hard you can absolutely beat the market. There's a handful of these sound bites, repeated by retail investors who get them from reddit and fellas like galloway. I'd just like to let those with the ears to listen that these sound bites aren't true. If you're a regular joe, Scotts advice is bang on. But you can be exceptional if you choose to be. Cheers boys

[@SilverCpa]

You'd probably be up more if you just used the indexes. You're not smarter than the market. Nobody is, but some are luckier.

[@gappuma7883]

Only if you know how to cap your downside, meaning using stop losses

[@kerri648]

beat the market, but are you actually generating alpha or simply taking on more risk and being appropriately compensated as such ? did you calculate the standard deviation and beta of your portfolio and compare that to the appropriate index using the Sharpe and treynor ratios ? and if you used options then you'll need to use another ratio . and if the above is true, how long did you beat the market ? people can beat the market on a risk-adjusred basis, but the question becomes how many can do so over 10, 20 etc years ? you're an outlier at that point and in this interview he talks about the 1 percent ...ya, not good odds , esp when the alternative is much simpler and will likely give you a return not significantly lower if you do happen to beat the market . if you're ultra wealthy, hey, I can see why you would like to have fun trying to beat the market, but most can't afford that luxury.

[@kerri648]

​@@SilverCpacorrect

[@thegreat9481]

Dude you don’t have to “work hard” just because you pick individual companies lmao 😂

[@markuswunsch]

90% of actively managed funds are underperforming but there are also a handful of others who consistently outperform any index fund (Medallion Fund, Citadel. Buffet,...)

[@lisaq787]

You forgot the "to"

[@drew8979]

I bought back pension years with my job so I can be locked into a fixed rate to retire early and move into a more lucrative career field. Best financial decision I’ve ever made.

[@Rootz2000]

Great advice.

[@JrnMnd08]

Listen to Michael Saylor talking about the SP500. All you’re doing is preserving your capital, you aren’t *really* “getting rich”.

[@jeffb.4800]

It's the most proven and safest way to build wealth.

[@johannnb5743]

So what is your way to build wealth?

[@mescetacy]

Why would I invest in a State St fund at Vanguard rather than VOO?

[@funguy1086]

Yeah I was wondering why he said to go to vanguard for spy.

[@roystevens2840]

This is exactly the advice that ‘The Sloth Investor’ preaches.

[@ChrisCash720]

Ive lost thousands in individual stocks but Ive also had the biggest return in individual stocks over 500%. But I still like SPY over everything because the trend in ALWAYS up. Slower but never bet against the market.

[@funguy1086]

Vanguard is voo.

[@asterisk911]

I get why people say you can't use the same degree of leverage with stocks as you can with real estate, because with real estate it's direct, i.e., the borrowing is FOR the property and WITH the property as collateral. But I took out a 5-year unsecured 3% consumer loan in Hong Kong for $1.4 million HK$ (about US$179,000) and used it to buy SPY in my American brokerage. Seems to me as if I bought those stocks with more than 4-1 leverage, even though ultimately the debt was unsecured, not secured by the stocks. (As with most people's mortgage, my ability to repay the loan had nothing to do with the performance of the underlying asset; I just paid monthly payments out of my earned income. If SPY hadn't gone up, I'd have been okay).

[@kentattwill5210]

In Australia 12% of your pay goes into a balanced fund of your choice your entire life it gets taxed at 15% on the way in with zero tax on the growth rate, that's why most people become millionaires in Australia automatically at some point in their life, pretty much everyone entering the work force now will have a few million if they work for 40 years, I've got mates that already have 500 K in there fund and they're 30, and they piss up the rest of their pay every week

[@extendDx]

No spam .. geez

[@guybrown8971]

Even the sp 500 has beaten Warren Buffet in the last 15 years mainly because nvidia and tesla had twisted the average (a kind of companies wb wouldn't touch with a barge pole).

[@seanmcal]

If you’re getting 28k bonuses in 1980’s not too difficult to become a millionaire today.

[@MrNothingbutnet]

😂

[@juliantucker354]

LISA’s

[@getpaid.gohome4506]

Vanguard is VOO not SPY

[@CG-hj1cu]

I like this guy

[@dimplypaprika7693]

I guess you can ask 'is it too late to invest in.....' just about anything today. Real Estate has gotten so expensive, good stocks have gotten so expensive, etc. It seems like you need money to make money but today you need so much more money to live day to day as well as needing more money to invest effectively. Getting kinda scary for normal average (not rich) people.

[@RichardRemer]

Index funds are fine, but it's not that hard to outperform the market. Diversification into the bottom half of the S&P isn't going to serve you well. Diversify into different asset classes instead. If you invest into the best performing tech stock, the best consumer goods stock, the best e-commerce stock, the best commodity, etc., then you are better positioned than if you did SPY.

[@PeeedaPan]

This guy is wrong. Bitcoin is a better to grow wealth than Index funds. Also, he isn't accounting for the changing world order. Bitcoin will beat the inflation rate by a large margin

[@marksmallwood4938]

Bitcoin has no intrinsic value its price is just driven by herd mentality. Investing in real assets ensures they will always have some value or pay a dividend. Bitcoin for fun only. I’ve too many friends that have been burned with bitcoin and other crypto.

[@BobSaysWhat22]

Yes but Crypto has a huge volatility and it’s not easy to buy and hold. Emotion roller coaster I experienced last 5 years and counting is something I don’t lightly recommend to others.

[@PeeedaPan]

@@BobSaysWhat22 its volatile in the short run, but increasing in value in the long run. Amazon dropped 90% in the 2000s. People who kept holding Amazon through that are sitting pretty now

[@KnowWhat]

He’s talking about a 401k account - where you put $$ in & your employer matches your contribution

[@jimbojimbo6873]

SPY isn’t an index by the way, it’s the ETF itself.

[@Mactakun]

It’s an index etf. ETF just means you can trade it on the market. Index means it tracks a basket of etfs.

[@jimbojimbo6873]

@@Mactakun that is wrong, ETF is a security, it can track an index or nothing (you have active ETFs). SPY is and ETF that tracks the S&P500. I know it’s semantics but an index does not mean it tracks a basket of ETFs

[@Mactakun]

@@jimbojimbo6873 Ya you're right I had it wrong.

[@FinancesOnBitcoin]

Curious, why invest in SPY when VOO beats that. Why invest in companies when you can invest in Bitcoin

[@MegaHowtoMan]

FNGU 3x faang etf. Winning.

[@extendDx]

Does this advice apply for 55+?

[@thesilverphist6483]

no...too late

[@mhofficial6138]

You can only judge that but you should already think of a 15 year safety buffer from your first investment because that is the time the market needs to be 95% in the green and not red numbers… Hope this helps

[@user-pb4hc9wr2s]

its never too late

[@extendDx]

@@thesilverphist6483 gee that’s encouraging..

[@jeffb.4800]

Yes. You just have to up your savings though, but ultimately invest what you can.

[@oreo507]

Did anyone actually watch the video? You're not gonna beat the market. Put your money in an sp500 etf and chill.

[@nq6417]

SPY has done 12% p.a over the last 10 years. 6% p.a from 2004-2014. This guy isn’t Stoic.

[@NardSpain]

And concentrated in the US and American multinationals. Why take this risk in that!

[@aaddy5157]

@@NardSpain Apple and Amazon etc ain't going anywhere. The US would rather confiscate personal bank accounts rather than let the big boys fail.

[@christhorpec]

This the LISA was the saving alluded to early on in the video

[@DJjussi1]

what got you rich over the last 40 years won’t get everyone else rich for the next 40 years

[@wisdomofsharpness7809]

5:12

[@briaf3370]

The earlier you start the less smart you need to be later assuming you keep investing.

[@Wishfulhaze]

All tv's are flat screen

[@Macrike]

Not true.

[@klwarhouse]

Lol, yeah not true

[@viktrancestudio6398]

VOO vs VTSAX. What is better ?

[@beauchatching9137]

Pretty much identical in performance. All depends if you want an ETF in Voo or and index in vtsax.

[@AustinMathias]

SPY? I think you mean VOO...

[@villagecarpenter2266]

VOO to the moon!

[@EMpowered06]

Imagine being worth a hundred million dollars and bragging about not paying tax. F all you poor people needing health care and hospitals and schools… I need MORE!!! Rich get richer and poor get poorer. Shameful.

[@Ja50nkAt]

Could you think of a more boring title, nobody cares about getting rich slowly, everyone wants FAST, NOW! 😂

[@studioarcady]

Bit Buycoin

[@davidc4408]

Very true . I made $6 million

[@Boghopper9999]

Which kinda means someone else lost 6 million on bit coin

[@thesockdoctorr]

The comments are absolute cancer. Sort it out KZbin.

[@beefyogurt]

TLDR; Bitcoin

[@stevechance150]

Correct!!!

[@TR-lh9yz]

Bitcoin? Lol. Just buy lottery tickets instead. At least with those you can calculate the odds of winning.

[@beefyogurt]

@@TR-lh9yz A Bitcoin miner would be the lottery ticket equivalent. Buying bitcoin, the asset, is like buying a winning lottery ticket and winning in slow motion. Everyone buys bitcoin at the price they deserve.

[@jafoot7559]

Again. This information is no good to anyone over 35. When I was young in the late 90’s early 2000’s having employment the paid you an income that would allow you to invest $1000 a month was hard to come by. Not to mention if you did have that kind of money you would have to pay someone to manage it for you because there was no high speed mobile internet. They make it sound so simple to put your money in the stock market when you’re young forgetting that the barrier for entry was very high when most of us were growing up.

[@awill3454]

Bullocks..you could have always gone through a broker. Vanguard has been around for 50 years

[@Howaboutyoublow]

Excuses only keep you poor.

[@aaddy5157]

I remember life before the internet. Everything is so convenient and easy now.

[@kerri5595]

Yup, this is basically the FIRE movement which Galloway seems (?) to be presenting as his own advice but okay 😂

[@MarkCan-gy4rx]

If you honestly believe thats FIRE he talks about, then you probably need to read up more what FIRE exactly is.

[@thegreat9481]

What a weird comment….

[@TR-lh9yz]

This video is not specifically about FIRE at all. And diversification & index investing have been around a lot longer than the FIRE acronym. Good grief.

[@ShivaShaktification]

Nice try SPY salesman. Just kidding!😅

[@NardSpain]

Keep investing in America and exit liquidity for US corps

[@campfiretunes8598]

“How get rich slowly” Hopefully you gooder at finance that you are at English.

[@djc283]

Why does he only concentrate on “young men “?

[@MrJeffHead]

This guys boring. You might retire comfortably with his mindset but you'll never be rich following this guys advice unless you have high income to invest

[@battlewithintraining]

I’d rather listen to him than you.

[@Jaa_morant]

16 min? Someone summarise please,

[@paintballer5558]

Go to etrade, retirements. Open roth ira. Auto invest 500 a month into VOO. I am not a financial advisor. You’re welcome.😃

[@Steve90UK]

Buy sand

[@LemonScreech]

For Brits you want to open a SIPP and a stocks and shares ISA. For us we want to buy VUSA or VUAG if you don’t know what you are doing. Just hold them long term.

[@Jaa_morant]

@@LemonScreechso nothing for regular people? thanks

[@LemonScreech]

@@Jaa_morant I don’t understand? There is nothing stopping anyone doing this. I started four years ago. But I used lock down to learn what to do buying stocks.

[@nitnexo]

Boomer advice from a boomer

[@davidc4408]

Is good advice

[@stevechance150]

He's a multi-millionaire. But he didn't make his millions in the market. He started and then sold a business. Basically do the opposite of what Scott says to do.

[@darinherrick9224]

You are completely ignorant.

[@TR-lh9yz]

He's not a boomer. How old do you think he is??

[@TC8787-yq7og]

This fella is the most miserable life coach on the internet

[@ajluvzlondon4214]

You just stick to listening to Tai Lopez buddy! :D

[@TricksyBix]

But also very sensible

[@jovna5315]

He’s realistic.

[@TC8787-yq7og]

@@ajluvzlondon4214 no idea who that is

[@TC8787-yq7og]

@@jovna5315 you can be realistic and not have a constant facial expression like someone's just told you your dog needs putting down

[@robreke]

Any bozo can get rich slowly. I want to get rich FAST.

[@TheCloser561]

Stay broke !

[@tuckermaris5999]

This dude has been psyopped

[@geraldlofton]

White Rich Man in America k say that because he has been gifted everything!!!!!!! He sounds like a JOKE!!!!😂

[@criticalthinker-ys7vt]

get rich slow is bs

[@darinherrick9224]

All the Dave Ramsey fans say otherwise.