How to Be a Millionaire on a Low Income

[@VincentChan]

🏆 Take control of your finances with my Free Challenge on July 1st. Limited spots available - join now → learn.vincentchan.co/

[@ellaaysun6181]

I was a stay at Home mom with no money in my IRA or any savings of my own, which was scary at 53 years of age. Three years ago I got a part time job and save everything I make. After 3 years, I am 56 yo and have put $9,000 in an IRA and $40,000 in my portfolio with CFA, Abby Joseph Cohen. Since the goal of getting a job was to invest for retirement and NOT up my lifestyle, I was able to scale this quickly to $150,000. If I can do this in a year, anyone can.

[@dilara4130]

I went from no money to lnvest with to busting my A** off on Uber eats for four months to raise about $20k to start trading with Abby Joseph Cohen. I am at $128k right now and LOVING that you have to bring this up here

[@emmabeyza6036]

@dilara Uhm please can i reach her, if you don't mind me asking?

[@dilara4130]

@emmabeyza6036 Well the name is 'ABBY JOSEPH COHEN SERVICES'. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.

[@ohmakure4716]

Abby Joseph Cohen Services has really set the standard for others to follow, we love her here in Canada 🇨🇦 as she has been really helpful and changed lots of life's

[@ministerofemergencies1809]

Uhm please, if you don't mind me saying, avoid scams. You'll find necessary details to work with a correspondence. Not sure how you could work with one unless English is your second language. Others will follow this standard but you will have car loans, mortgages and credit card debit if you're a victim.

[@vincentasantiago]

Compound interest is the 9th wonder of the world. With the amount of info out here there is no excuse! Thanks for making this known!

[@stevenhkim]

65k is decent, try 30k.

[@FIRE_DrNinjaTurtle]

I want to do a reaction video to this one. I became financially free (starting from homelessness) and then on a low income. If I can do it and retire early anyone can.

[@herlifemusings23]

That’s amazing! Congratulations

[@VincentChan]

congrats!!

[@christophergopeesingh5967]

Would watch that. Living paycheck to paycheck on a low income currently. A video like that would be a big help

[@kw5371]

Lol. 65k isnt low income. Try 20-30k

[@killchill]

20-30 is extremely low

[@DavyDavePapi]

Yeah I could live off of 65k a year. I'm frugal with my money and I make less than 30k. It's not because I have to but because I want to. I would invest so much more if I had a higher paying job. like 65k+

[@jayocean4724]

65k is above average 40k is more low income. It's sad these videos are all catered to very high income earners

[@jayocean4724]

Only 8% of people become millionaires most retirees do not have a million dollars you do not need 1 million dollars to be financially free and comfortable

[@elizabethgracefashion]

I make about 14K a year right now with a lot of debt, constantly stressed on how to make ends meet

[@wildfoodietours]

Compound interest early on is the key, so invest early and often for the road to riches.

[@kanidanielpaul]

When you say 10% return did you mean dividends, stock value going up or both? I just dont understand how a value of stock going up compounds. Could you explain.

[@MelissaHobbs-qm8wi]

It seems like a solid way to generate extra income, but I wonder how it would affect one's portfolio in the long run.

[@mochigirl444]

How does one learn where to invest there money and how to learn stocks?

[@GreenspudTrades]

All or this assumes a low, stable inflation rate and that the US economy, and stocks, will continue to produce returns at their historic rates indefinitely.

[@CountDookuful]

I mean ... yeah. That's kinda all we have to go off of. By definition you can't predict economic crisis. So it makes sense to follow the historic data.

[@METVWETV]

​@@CountDookuful And historically the S&P 500 has had a return of about 10%. Using the "4% Rule" you can withdraw 4% of your portfolio for 30 years >WITH INCREASES FOR INFLATION< And have a reasonable assurance that your portfolio will last!

[@METVWETV]

Withdrawal Strategies include annual adjustments for inflation. Also, as your salary increases, so does the dollar amount you contribute to your investment.

[@RuthieCarlton]

Most rich people stay rich by spending like the poor and investing without stopping then most poor people stay poor by spending like the rich yet not investing like the rich but impressing them

[@KathyJvanest]

Exactly! My grandparents were so frugal but they had a TON of money on both sides. I remember my grandfather telling me "you want to make money while you sleep." And I guess that attitude passed down to my dad (RIP), because I remember going to his house one day and I had bought something I really liked, so I wanted to show it to him. So I said "Look at this! Isn't it cute? It was on sale...I saved 50%!" My dad replied "Well, if you're spending, you're not saving." Obviously I had no retort, and that has always stuck with me.

[@Kelompok16SistemMultimedia]

Saving and investing wisely while prioritizing necessities and a few small luxuries in relation to one's total assets is a great approach. It helps ensure financial stability and I my for the enjoyment of life's little pleasures without compromising long-term financial goals. It's all about finding a balance that works for you!

[@StaffSpecial]

very true, a huge part of my portfolio growth has come during this bear market. I've been able to scale from $180K to $572K in a short period of time.

[@CarlosGarcia56590]

How do you do that? I'm interested

[@StaffSpecial]

Thanks to my co-worker (Alex) who suggested Mr Stephen Milne Ebert.

[@cryoon_520]

what's the difference in this video compared to the one with the same title u posted 2 years ago?? genuinely curious

[@M_SC]

Genuinely curious lol

[@Havazi]

Where did you get the "when can I retire" calculator

[@joleengreenaway9012]

Just found your channel yesterday. Luv it! ❤

[@9latinumStudioz]

3:26 wow 🤯

[@TeeKeeps]

I'm stuck taking care of a family member as a care giver only getting about $300 in my hand and can't really leave the house. What could I do? I'm tryna do my thing "out" here.

[@dongzual2372]

Buy ETFs and invest much as u can

[@METVWETV]

I think you need to look for alternatives. Medicaid will pay for Home Healthcare to a certain point, etc.... You need to take care of you too and that includes your financial well-being. Call your local County offices and see what's available.

[@foodlover8151]

Im horrible at saving money. I make good money, too. But I've been using your tips, which are great. Thank you!

[@VincentChan]

thank you!! definitely sign up for the "automate your money" challenge then. you're gonna find it super helpful :)

[@tunayenice_]

Hello, I'm not able to subscribe to your mail newsletter. I tried it two times with different contexts but couldn't see your mail in spam or promotions. Is there anything I can do?

[@meraakifilms]

Seriously where is my free excel sheet for saving tracker?

[@VincentChan]

check your spam / promo folder

[@meraakifilms]

@@VincentChanit's not there sir.

[@VincentChan]

@@meraakifilms send an email to [e-mail] and I’ll check what’s going on

[@ILikeNaps2]

Money money 🦀🦀

[@WealthyChronicle]

So, a Fiat 500 is the better ROI compared to a luxury car like a Lincoln Navigator? Mind blown. 🤯

[@gamereditor59ner22]

Interesting!...🤔 Thank you for the information! Since I have little debt, I can pay it and save the money while searching for IT entry-level job and do a bit of investing for in turn of saving.

[@seymorefact4333]

any debt not building equity is to MUCH DEBT !

[@bdflavors1347]

You need to teach people to have $5 million at 65. $1 million decades from now will be worth nothing

[@METVWETV]

Yes but his numbers support several millions in returns. Also, there is only so much blood one can withdraw from a stone! This is why a percentage of your income is a necessary first step in investing

[@DavyDavePapi]

1 million is better than 0. Even in 50 years

[@Bando1017]

Show me where you can earn 25% on a bond lmao

[@donaldlyons17]

You don't think you will have to give you money to people doing illegal stuff to make that 25%?

[@BestoFornitero]

In trading, possessing technical analysis skills is not sufficient on its own; discipline and emotional maturity play crucial roles in achieving success. Embracing the mindset of "time in the market vs. timing the market" proves valuable, especially during market fluctuations. I attribute my growing daily earnings to Evelyn Infurna valuable insights and daily trade signals, coupled with my commitment to continuous learning. Kudos to the journey ahead!

[@BestoFornitero]

Use her name to quickly conduct an internet search.

[@BestoFornitero]

SHE’S MOSTLY ON TELEGRAMS APPS WITH THE BELOW NAME.

[@BestoFornitero]

@Infurnaevely

[@DannielleRosales]

Sounds interesting. I was planning to invest in some cryptocurrencies, save and quit for a few years, but when I saw this, my mind changed. Thanks a lot

[@SandraElliot21]

I appreciate the professionalism and dedication of the team behind Evelyn’s trade signal service.

[@Kevin-fn1rn]

If inflation stays at a generous 2%/year by the time you retire, all that money you saved will be worth 60% less. Also pray there isnt a stock market crash before you retire too

[@JosephCarlsonShow7]

Currently, hiring an investment advisor is the best way to invest in the stock market. I invested in stocks on my own without much success until my wife introduced me to an advisor, and this year, I've returned more than 50%!

[@TrapKingz.]

Why tf would I wanna be a millionaire in 50 years. By then money means nothing to me. Money is more fun when you’re young.

[@CelestialWeasel]

Because one day you’ll be old and unable to work. Your body and mind will be so tired that you’ll want to spend your last few decades of life with family, meditation and peace. Financial soundness at that age lets you do that. Yes, money earlier is better, but that’s not as accessible to all as becoming a millionaire by retirement age.

[@CountDookuful]

Man's gonna die on the Walmart floor

[@TrapKingz.]

@@CelestialWeasel so being a millionaire when you’re all torn apart is a sound idea?? 🤣. There’s a big difference between being financially stable at your retirement age and being a millionaire at that same age.

[@SirMopy]

@@TrapKingz.it’s not that you are giving up all the fun and every little penny when you are young… dense much..?!

[@dominichoward4833]

You think you can't do both. But if you start early 500 a month can make it happen. If you do it for your kids, they will well be on their way much sooner. The point is it's not one or the other really until you old and you have to put away much more.

[@kfarm9739]

If I only I could find a job 😅

[@teaadvice4996]

*Have your daddy be rich*

[@METVWETV]

Stand on your own two feet!! (For you, I suggest English lessons!)

[@Sterling23923]

She often interacts in Telegram, using the name mentioned earlier,

[@jle92708]

By the time you saved Uncle Sam will print and turn your savings into dirt

[@METVWETV]

Good attitude. Carpe diem I suppose? I prefer to save and watch my "dirt" turn green!

[@frankbell1408]

Fantastic vid! Thanks for sharing and keeping us financially updated, I hit another $32k today day trading even though I barely trade myself

[@pooperscooper145]

Love the spiderman wallet 😄

[@DavyDavePapi]

I make less than 30k a year 🥲

[@donaldlyons17]

Yeah but the bigger problem is that you likely don't save all the money you make each year otherwise you could save 300K in as little as 10 years.... These KZbinrs are just taking advantage without telling the full truth!!!!