How To Build Wealth On A High Income

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Timecodes:
0:00 - Intro
0:19 - You Are Fortunate
1:14 - High Income Does Not Automatically Lead To Wealth
2:33 - FREE 1-Page PDF
2:56 - Pay Off Student Loans ASAP
4:36 - Be Wary Of “Financial Professionals”
5:36 - Try SoFi
6:11 - Invest In Boring
7:30 - Invest Until It Hurts
8:45 - Ignore Social Expectations
10:01 - Drive A Boring Car
10:53 - Buy Just Enough House
12:06 - Inexpensive Hobby
12:59 - Be Uncomfortable With Debt
13:46 - Don’t Burn Out
------------
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DISCLAIMER: I am not a financial adviser. These videos are for educational and entertainment purposes only. I am merely sharing my personal opinion. Please seek professional help when needed.

[@TaeKimFinancialTortoise]

► Checkout SoFi // Get up to 4.50% APY, pay no account fees, and earn up to $250 when you sign up and set up direct deposits. Terms apply: sofi.com/tae

[@slhermit]

I think people collect hand watches bcz it is an investment too.

[@bryans9803]

Rate is for direct deposit only

[@TheJackCain-84]

Protecting your capital is much more important than making money. Basically because if you lose your capital, making money is much harder. ''Missing the train'' vs. ''losing your money''. There are a lot of trains, but if your money is gone, it's over.

[@JacquelinePerrira]

Wall Street pitched so-called quality stocks with high profitability and low debt, as a kind of insurance against whatever the economy might throw at you. Quality stocks have underperformed the S&P500 this year, My $200k portfolio is down by approximately 20 %, any recommendations to scale up my returns on investment

[@kevinmarten]

Nobody knows anything You need to create your own process, manage risk and stick to the plan, through thick or thin While also continuously learning from mistakes and improving.

[@Jamessmith-12]

Exactly why i enjoy market decisions being guided by a pro , seeing that their entire skillset is built around going long and short at the same time both employing risk management and market experience , been using a portfolio-coach for over 2years+ and I've netted over $3million in that time frame.

[@JacquelinePerrira]

Do you mind sharing info on the adviser who assisted you? I'm 39 now and would love to grow my stock portfolio and plan my retirement

[@Jamessmith-12]

When ‘Carol Vivian Constable’ is trading, there's no nonsense and no excuses. She wins the trade and you win. Take the loss, I promise she'll take one with you.

[@JackieDaytona1776]

Every time Tae disposes knowledge his hair gets taller.

[@paddyd7642]

I was choosing between financing a bmw or paying full for a Mazda. 2 years later I was laid off and I really appreciated that I chose Mazda

[@wanger07]

I worked in tech for 16 years (with the last 7 being what I would consider high income). I kept my car from high school, saved the majority of our income, invested mostly in ETFs and company stock. I was able to retire early! I do remember folks saying a group manager should drive a better car, but now some of them ask how I retired before 40 🙂👍

[@simonworsley8631]

Boring, now what are you doing with your life. You’ve wasted your best years being tight with money for what purpose?

[@wanger07]

⁠@@simonworsley8631I’m enjoying a few vacations a year, have no wants or needs that go unfulfilled, and I don’t have to deal with the corporate grind 😂. What are you doing with your “boring” life? If one has a goal and is working towards it, I would not consider that as a time well spent.

[@KingTheRat]

@@simonworsley8631 To be chill and not be stressed. If you have enough money, then why bother earning more?

[@republicunited2183]

But now he can do and buy more!

[@frankalexander5401]

I have a high income (2023 gross income was over $700,000.00). I have absolutely NO debt not even a mortgage. My biggest expense is TAXES!!! My net worth is well into 8 figures (index funds). My education (all paid for) is BA, MD, MS, MPA.

[@simonworsley8631]

I would caveat this advice with enjoying life a little. If you’ve got a high income, no point squirrelling it all away for when you’re too old to enjoy it and spend it. Have a nice car, go on nice holidays and don’t be boring. Don’t invest for the sake of investing, invest enough to give you a comfortable retirement as you won’t need as much as you think you will

[@cmgoodso]

This is really great; I really appreciate your wisdom. I have an addition along the same lines as your last point - prioritize your relationships and avoid divorce. Divorce is so expensive!!!!

[@TheCnattu]

Loved your video Tae. What a pragmatic approach and to some degree very useful life advice! Enjoyed watching it.

[@waynehosang2414]

Your are man after my own heart! Happy to say that I batted a 1000 on all your pts. One additonal level could include tax management/efficiency, especially in high state tax locations.

[@georgerivello225]

Invest until it hurts! This is really good advice. Thank you Tae! Great video and channel.

[@yu.niverse]

a car is possibly the second-most expensive purchase you’ll make after a house and its so easy to be upsold. as someone who actually really likes cars I’ve decided that premium is worth it for something i sit in every day, but i also totally understand the point of view of those that purchase a car like they’re choosing a refigerator. an expensive, necessary appliance that gets the job done and won’t put you into debt is the normal way to view a car. someone who truly appreciates expensive cars would never shame you for driving a beater, because they would feel comfortable in their own car-buying decisions.

[@kxjx]

My car is better I can fit a whole sheet of ply in it and it cost less than the cheapest bmw

[@AbhijitRoy01]

Probably the most practical financial advice I heard in a while

[@ryanchaba6889]

Feels like this is good advice for everyone, not just high income earners. Well done

[@kw8282]

Thankful for your content regarding high income earners. Very meaningful 🎉

[@essexsalcido4772]

Great video! Thank you! 🙌🏾

[@gnagyusa]

Excellent last point. I was making almost $600k a year in my previous job, but it was so stressful that I was nearly having panic attacks and barely slept. I'm my own boss now. I make a lot less, but I have time to enjoy life, work on my own projects that I love, and get great sleep. Oh, and above about $250k/year, the government takes most of your income (especially in a high income tax state like California), so it's not worth the extra stress. The only way it makes sense to go above that is with tax-free and tax-deferred income like investments, but not wit a regular salary.

[@drbh6331]

So if you lend 50 k in your 600k and educated one good person who are in need .He will remember you all his life. So, you need to ask yourself how much wealth is enough. This earth had seen many kings and kingdoms before us where are they? .Just one critical health issue .or sudden death what will happen to all this wealth.

[@gilly7312]

😊

[@johnchang8652]

Not sure I agree w everything you said bc it seems some advice may save money but traps you to live less enjoyable life. But overall I get it, depends on age. The older you are, the more you need to spend as life’s short

[@RockyMountainGardener]

Great advice! I started earning 70k when I graduated and now earn a lot more. I did all of these things and now my partner and i have a networth over a million in our thirties.

[@YTDataAnalyst]

I would love to start investing but the constant market volatility and diff manipulations by big sharks makes me scared.

[@jeremyn6726]

Very insightful. Thanks for sharing.

[@doctormimi9486]

Excellent video start to finish

[@larryronhartfield55]

Diversification is essential while investing. Because of this, I have focused my interests on a few major areas based on their performance and anticipated growth. They include gold, coins, and the EV, renewable energy, technology, and health sectors. Along with my financial advisor, Emily Lois Parker, I'm working on an AI-focused investment plan, researching stocks of Nvidia, Microsoft, and Alphabet, among others.

[@harrisahmed3066]

many individuals miss out on gains due to actually NOT being in the market and waiting for the chance of a crash. Perhaps it's wise to do both partially

[@MargotCrest]

I did read about Emily Lois Parker on the web., quite a great resume she has

[@oliviarenereyes]

I am going to sit back and observe how this all plays out, adding more stocks a little at a time.

[@1982kuba01]

Ohh man so well said . Don’t get greedy and eat with a a small spoon. Invest daily and often . Believe in compounding interest ! Also take vacation and don’t compete financially. Invest in health and you will be golden .

[@chrisd6736]

Last point hits home. It’s crazy how easily stress from work can ruin your life. I don’t care if I make millions of dollars per year it’s not worth living like that for years.

[@Ivan-tx3ji]

Dont get too comfortable with debt. Love it. And dont burn out. Balance love it so much.

[@Skydweller_737]

Great video!!

[@greenviper46]

Mostly agree but enjoying a nice house and a car and specially traveling is much more enjoyable while you are younger. There is always a fine balance in these things.

[@zaf240489]

Very helpful. I’m from Malaysia. I’m not high net worth but relatively well paid in my developing country. Thank you.

[@ailunxu66688]

Hi Tae. Question on 4:02 , did you host on the wedding while trying to clear out the student loan debt? Wedding is expensive

[@user-yp6in8nl9z]

my student loans are locked in at 2.8%. I'm in no rush to pay that off. would rather invest in ETFs instead and make minimum payments.

[@AdventurousMagic]

Excellent video

[@TWilliams.]

@TaeKim you truly are the best!!! thanks for all the great content!

[@tamanousJP]

Main thing is to set some percentages of savings and stick with it. No point in getting a raise if 100% just sits in the bank or some stock. The goal of investing is to raise your quality of life and security over your life, not just have the numbers in some account go up.

[@johnchang8652]

I concur, you also need to live as what’s the point of having money if you not going to spend it

[@SaturnAi]

dont burn out. thanks sir, thats just what i need.

[@leesanchezz]

Great video.

[@musemellow]

I used to be one of those high income earners that lives paycheck to paycheck. 220k annual salary went down the drain. But I started to learn financial education and managed to turn my life around. I'm now living in a house that's much cheaper, older and smaller than the houses owned by people who work for me. I stopped caring about what people think, because at the end of the day I'm the one who's paying the mortgage. We now drive a second hand $20k family car, have boring investments & only take 1 holiday per year with minimal budget. All the money now goes to my investment, invest til it hurts! 💵

[@samsongxin]

You only live once, even you own 1 billion at age 70, what good would it do for u?

[@musemellow]

@@samsongxin who says people that save and invest will continue to do it until they’re old? I’m projected to retire early and never to worry about money again well before 70

[@samsongxin]

@@musemellow when is the cut off then? Life is a ongoing process, your senior time is not worth more your young time

[@musemellow]

@@samsongxin I shared your sentiment when I was in my 20s, “what’s the point with all the savings if I don’t enjoy it during my youth”, but now I rather look poor but going towards being wealthy, than pretending to be wealthy. as people grow old and have children of their own, they will start to realise that their life purpose can change drastically. my life purpose is to make sure my wife and children do not have to ever worry about money if I leave this world before them. The cutover for me to not work a single day anymore is in 10 to 15 years depending on how the investments perform. Which is ironic, if I didn’t waste my income back in my 20s, and thought “yolo”, I would’ve be 70-80% towards retirement by now. I’ve lived and learned to know that “there’s no point to be rich when you’re old” argument is not the best way to view my finances.

[@j10001]

⁠@@samsongxin It has become popular to say this in the last few years. Don’t listen too much to that philosophy. The wisdom of ages says otherwise. Aesop’s fable: the grasshopper and the ant. Here’s what you might not know: the peace of mind from having no debt and a nice savings/investment account is _sooo_ satisfying. It can even be a thrill. I had no idea how nice it would feel until I achieved each stepping stone on this journey. It’s not a chore and no one is forcing you to do it. It’s like climbing a mountain - if you’re not a climber, you imagine it’s just painful and exhausting. If you are a serious climber, you learn the thrill of rising to each to level, the deep satisfaction of conquering yourself , the joy of self discipline. Getting your financial goals in order can feel the same!

[@jeandonaldgeorges7783]

Superbe video thank you for the information

[@kelleywilliams4239]

I'm a skydiver... It costs about $4k to get certified, $6-8k for personal equipment or $40/jump if you rent. About $30/jump. If you only do tandem jumps, they're close to $300 each.

[@juanvacca1759]

I was looking for a fellow skydiver reply. Your numbers are correct . 10k initial investment after that $30 per jump. Blue skies.

[@Eric-tb2je]

Wise words. Thank you!

[@mattabell3657]

I’m totally on board with most of this except driving a boring car. Some people are car enthusiasts and that was part of the drive to earn so much. Once my med school loans were gone I bought my childhood dream car, a Dodge Viper. I max every investment vehicle available to me and put even more in brokerage, totaling around 25% of my pretax income. I make sure to have about 24 months worth of expenses in a high interest account to cover surprises expenses or economic downturns. The rest I spend to enjoy life. I bought a house on 6.5 acres that cost about 75% of my annual income. I have 7 cars now and I’m always looking for the next because it makes me happy. You don’t want to be the richest person in the graveyard…

[@j10001]

I think it’s cool if that’s what you enjoy. I would think twice before adding another expensive hobby though.

[@faridtavakolmoghadam]

Totally agree with you! It’s just the matter of what drives you and gives you motivation. People need motivation in life to do more and be more productive. If you drive a shitty car, invest all the money for your retirement when you’re sixty, and live in a crappy house what good is that to you. Enjoy life be smart and you’ll find yourself on the success side.

[@kev13nyc]

keep pumping out those financial informational videos Tae!!!! It sucks that in our younger years of education, schools do not PUSH financial education/independence to you.... can't imagine where I'd be now had I started investing 20+ yrs ago .... 🤦🤦🤦🤦....

[@FINAL-B0SS]

I’ve found automation and artificial scarcity is key. We route our pay checks to multiple accounts, many sinking funds and pay ourselves a fixed amount each period. Everything is aggressively auto invested and saved. I sleep well at night. For me taking 5% of investable income in the trendy stocks or crypto stuff scratches that itch for me and some have hit big. Also stay humble and low key, I’ve noticed flashy spending puts pressure on my friends to keep up and that hurts them, and I don’t want to do that.

[@j3rkch1ck3n]

This is all excellent advice. The road to building wealth is long and can be discouraging at times because of the ups and downs of markets. However if you are a high income earner, you have no excuse. Live below your means, buy assets, and do it consistently.

[@xtdude]

One counter-point. I drove a 2007 prius forever. when I got married, I realized this car was a deathtrap. I had saved enough cash to buy a new car that had some safety sensors and our second trip it saved us from hitting a mule deer. safety is worth quite a bit of investment.

[@KingTheRat]

Agreed. I put my wife in a newer car with all the safety features such as emergency breaking, more sensors, and stuff. It has helped her a few times. And also myself when I got distracted.

[@ep411]

The final point in your video was the one that hit home for me. I would rather make 100k every year EASILY and with very little stress vs making 300k with tons of stress, time consuming, and demanding. As long as we can sustain living on 100k for a family, then thats the key.

[@mocheen4837]

I switched to part time work (3 days a week) from home and fortunately still make a nice income in the top 10%. My wife is also working part time as well. I plan to do this until my kids graduate from college. I want them to graduate without any debt so they can focus on their careers and purchasing a house. My daughter is applying to graduate school for cellular biology and my son is studying to become a software engineer. They have both been contributing to Roth IRAs since high school.

[@ep411]

@@mocheen4837 that’s excellent. My kids are still in elementary school but they both have 529s that we are contributing to every two weeks, and added them to my CCs to boost their credit scores for when they can get their own they wont have any problems.

[@tamanousJP]

Stock Lexus is a good option to have a good car while still essentially owning a Toyota. Great value for money.

[@chrisd6736]

I like acuras too. Even more affordable than Lexus which I used to own. German luxury cars get insanely expensive not just the upfront costs but also the cost of maintenance. Best to steer clear if you want to become wealthy.

[@ryanbang6260]

Always love your advice and tips. I watch all your videos! Thank you. Please make a video or two about what you use and do for your hair daily. Your hair looks amazing!!! What products do you use? I’m in my mid forties and my hairs are getting thin and bold 😢

[@workinprogress02]

Love your content! Wish the PDF had a little bit more detailed than just topic titles

[@TamaraGodina]

I’m 45, $800K net worth. Been saving 50% of my salary, investing in stocks & living below my means. My goal this year is to be more serious and consistent with my investments for long term. I want to invest more this year but I'm not sure on how to mitigate risk. I’m worried with the numerous bank failures as of late, am I better off reinvesting my savings in the stock market or do I wait?

[@ArchieLatham502]

Its best if you buy growth/blue-chip/large caps stocks only duo Its unclear which stocks and sectors will lead the market in the next uptrend. looking at your budget, you should consider financial advisory

[@Edgardo477]

Exactly what I’m doing again this week. The smartest thing I’ve ever done was having 30% in cash to buy on the way down in 2021. It hurt watching 30-40% discounts drop to 50, but grabbing Google, NVDIA, Apple, and others near the bottom has paid off

[@j3rkch1ck3n]

Personally, I’d keep the same strategy of buying the market. Ignore the FUD, you’re 45 and still have plenty of time to deal with volatility. I’m a few years younger than you but I’m beginning to purchase physical gold and park 2% of my NW into it. Not because I am a prepper, but because I am choosing to take some chips off the table so to speak.

[@TamaraGodina]

Amazing speaking with Martha on the phone, I really Appreciate 🙏

[@DJLaro]

Overall very good advice but I would add a final point. We also have to remember that we will all die one day. It could be at an old age where you could tap into that wealth or it could be much sooner. Being financially responsible is to optimize your use of money across your life to do what makes YOU happy. Yes save aggressively but remember that it is good to stop and enjoy life along the way too.

[@Tianchrisy]

Hey Tae How old are you. I think one of the biggest hurdles I am facing is, saving for a 6month emergency fund takes way too long(3 years, $50k(this is the goal)). It will essentially be 3 years before we even start to invest in other avenues. Currently putting 15% into Employer Retirement. Again sometimes it just feels like all of this takes a long time...We aren't even saving any money to spend on vacation or any thing fun. So how do you keep your mind sane while saving? The reason i ask about your age is sometimes i feel like i am just wasting my life saving and repeating this cycle. Only then can I start vacationing when i retire.

[@methos-ey9nf]

Buying no more house than you need is a tough lesson for most people to learn. But it becomes apparent when you extrapolate out 30+ years. The higher the assessed property value the higher the taxes and the higher the insurance. The bigger the house the bigger the utilities, the more the renovation costs (or just maintenance).

[@lengerer]

We upgraded our house recently. Went from 30sq single story home to 42sq double story. Value 750k to 1.4m. The running costs are very close. Insurance is a few hundred per yr as is rates. Utilities are the same. We still only have the same devices or lights on. The home is better insulated and we have large solar on roof. The difference in outgoings is marginal.

[@methos-ey9nf]

@@lengerer What units are you using? Even 42 square meters is pretty small...

[@lengerer]

@@methos-ey9nf does not really matter, insurance and rates are based on value of property not size. You still only use one room at time so one tv is on, one fridge, one light. Only increase is heating/cooling if you do entire house. Its very marginal. Unless high income earners normally go from modest house to some crazy big house with 8 bedrooms, swimming pool etc

[@methos-ey9nf]

@@lengerer Yeah it does matter. And I smell BS when you can't just tell me the units of your home size.

[@DDD-fh1yt]

Nearly 40yr old. We are multi-millionaire with peak income probably. I like the invest until it hurts idea.

[@stinkydanlucas]

I'll add something to your list.... Focus some level of your investment into areas that are 'challenging & fun'. If you want to go from being a passive investor, e.g. a market fund, to an active investor, you research, choose and commit to the opportunity. In recent years I've moved from the former to the latter. I usually make more $$ this way, but I ALWAYS enjoy the experience of creating value.

[@bryans9803]

Great advice. Like the scarcity comment.

[@jamesdeng5395]

Good video

[@gratitudyagradecimiento671]

Thank you for sharing your powerful knowledge

[@user-xq9wk6ft4o]

What are your thoughts on financial planners? Finding it hard to see the value of paying 1% or tens of thousands of dollars for someone to pick a few stocks or mutual funds and then call once or twice a year to tell me if they're up or down.

[@BobSmith-sx6fr]

I think its simple enough to do the research on various mutual founds that tend to preform well over the long term while keeping you safely diversified

[@BENR8108]

My wife and I make near $200k combined, with her as a teacher and myself in sales. We’ve always invested since we got out of college making very little; and it’s naturally grown from there by budgeting and minimizing life style creep. No new cars; no credit card debt and one cheap annual vacation. We did build a new house but that’s only after over a decade of aggressive saving and we put down over 50% of build cost to keep our monthly payment low and manageable. At this point we are maxing everything we can out, saving for kids higher education/sude business. I’d pay off my house but the interest rate is too low to justify it.

[@1982kuba01]

Congrats on your avoidance of spend creep. A lot of people get in trouble and no matter how much they make it’s never enough

[@BENR8108]

@@1982kuba01 no doubt. I know colleagues/bosses who make significant more than me; but they are always complaining about money. No your teenage daughter does not need a new BMW/audi. What’s even sadder they come to me for investment advice….

[@doncorleone3901]

Subscribed as soon as you said avoid financial planners. They just tie you up in long winded pointless investments for some commissions

[@patrick7228]

I think you could do a video on creating artificial scarcity. It's very helpful especially when there is a financial issue such as losing a job as you are used to living on less to begin with.

[@sidorkomarina1]

Love This! 😍

[@julieg.5718]

Another great content video, a lot of strong points and things to consider (from my perspective as a 60-year old executive career woman)

[@holajeana1985]

Dear Tae: I love your videos. I wish you would make a video about life income annuities. As a single mom who never wants to be a burden on her kids the idea of adding something that functions irrespective of market fluctuations sounds enticing. It is the only annuity type Suze Orman recommends in her latest book. Thoughts Tae?

[@matheusbica]

I don't believe people can choose hobbies, its either you like it or not, but they can definitely control it to a sustainable level.

[@MrChuy8803]

i like your videos! you got me cracking up with the panic attack comment 😂

[@laurencewright3021]

Another great video 👍

[@okgreat2573]

I appreciate your clear and rational take on this important topic.

[@tradeforcharity]

Great hair. 👍🏼

[@joek1528]

Good, practical advice. I love the motto "Embrace boring!"

[@bradzeigler]

Lifestyle creep is so easy to fall into. The best thing a high income earner (who is paid on salary) can do is divert a substantial portion of your paycheck directly in a savings account that you don't touch to be automatically invested. Most payroll providers allow multiple direct deposit accounts. It's a lot easier to live live like a $100k earner when you make $300k a year when you only "take home" the income of a $100k earner. Also, many high earners receive a substantial portion of their income as bonus. That spend the bonus before it comes...ignore it exists and divert directly into savings, perhaps leaving a small amount for discretionary spending.

[@B4CK4REVENGE]

This is a great strategy and one I more or less employ, I have an all my bills basically on auto draft and that account gets funded automatically and first. When a bonus comes, I may take anywhere from 5% to 15% and splurge on something, it was hard work after all, but the rest goes to savings for later planned real estate investment. Intermitrently When I’m feeling like I want to “buy” something but I don’t need it, I’ve started to invest that $ in something that’s a bit less safe, mentally writing it off as an experiment as if I “spent” it. Last year we bought a number of Masterworks pieces as a long play holding just to see what that’s about.

[@GG-dr2gd]

You should have added - incorporate >>>>>>

[@JzAzIzRzO]

Excellent content

[@i486DX66]

I disagree on the pay off all loans part. Especially the mortgage. I had my mortgage paid off in my 20s, but that was a mistake. My interest rate was in the 3s and you get a tax deduction on the interest. I would have been better off putting the money into the S&P500 or QQQ instead. It really depends on the interest rate and how long until you need the money. Otherwise, I agree with the rest of the advice.

[@republicunited2183]

Invest that no home payment $.

[@closetmtg8029]

Touch your chest on that incline bench press 😉. New sub thanks man

[@Kenneth23414]

The market is viewed differently by different people; some believe it is overvalued because of recent gains, while others argue that high valuations are justified by solid economic fundamentals. Given the index's growing concentration in tech, the notable rise in tech stocks makes me nervous about my $600K portfolio. What I want to know is which stocks will grow the fastest over the next ten years-perhaps the APPL?

[@tamanousJP]

Don’t burn out is good advice. Working in Silicon Valley I see this often.

[@volnaro]

I should make a counter video to this titled: “How to start life again with nothing but a duffel bag of clothes.”

[@jonb8633]

Agree with all points but I am a car lover😂. House paid though and maxed retirement accounts yearly. Also I have a long commute.

[@aussieexpat]

How can someone continue working say past $5M, where the income from investments are greater than earned income?

[@peterl2767]

Great info 😊😊😊

[@annasirri87]

Thanks, Tae. Because of your videos, I was able to resist buying unnecessary designer clothes and shoes when I started making 6 figures

[@eyeojo]

How much would one have to put aside for how long to get to $12M. Seems a little out there. Also, don’t forget to have fun. If it’s YOUR hobby/passion, enjoy it! You only get one life.

[@Vikturneer]

I remember having a consultation with a financial analyst last August, and it was incredibly insightful. Can’t stress enough how helpful experts in this field are!

[@Vikturneer]

As long as you diversify your portfolio, any single stock or investment that you own shouldn’t have too much of an impact on your overall return. If it does, diversifying might be the right choice for you, as one can also try out other commodities. I now have a balanced portfolio that is yielding me profit thanks to guidance from Jonas W. Herman.

[@Vikturneer]

Hermanw jonas (a Gma!L comm Is he taking commissions for his services? Yes, I’m I still making money in the process? Hell yes!

[@Novakissla]

Thanks for the advice, both of you. It’s reassuring to hear positive experiences. I feel more confident about moving forward with Jonas now. I just shot him a message. Thanks for sharing your experiences!

[@jonshin31]

This comment thread is hilarious.

[@CammieKN]

May i ask for recommendation

[@bradj229]

Burn out is DEFINITELY something to monitor!

[@objectivetruth2286]

Not taking things for granted applies to everyone, all the time. So sad that you only hear these teachings directed toward a specific group. Generosity, compassion, gratitude, resentment, anger; all of these traits exist in everyone at about the same rate. Money isn’t going to solve our problems. It will come from within each and every one of us.

[@garlicbread68]

your hair is epic what shampoo do you use

[@PurposeTravel]

Congrats! You've maintained discipline throughout the years and amassed significant wealth! Your diligence to save and keep your spending in check has paid off. Now you're old, going to die soon, so congrats on leaving all that money to someone else.

[@danielbernalcavallazzi7175]

Great video, thanks !

[@wjmilnerii]

Great video. Thank you.

[@newdles0028]

Artificial scarcity works wonders; figure out the cost of your bills and auto withdraw the rest into your investment accounts. It forces you to save.

[@andychen1947]

What if the rate of student loan is low? I think finding a better use and leveraging that money is better especially for high income. They won’t rely on that money anyway.

[@ericklou2013]

I agree with all of them. One that I’m really glad I learnt in my 20’s was the one about driving a boring car. I bought myself a BMW and then I realized that buying an expensive car is one of the worst purchases you can make. Highly depreciated asset and no one really cares what you drive. The only one that cares is yourself.

[@royalmellon6811]

Only you caring yourself is a great reason. It should never have been what others think

[@j10001]

Toyotas all the way!

[@adambarnett4509]

We make almost 700k a year and Ill live by these...except the car. I love a nice car. Hehe.

[@brockman562]

10:00 drive a boring car. FYI to all you Einsteins out there, ALL ALL and EVERY 100% of ALL auto mechanics will tell you luxury cars always break down.

[@meibing4912]

2½ years to zero here. Had friends that only paid off 15 years after. Did not change life style from student to lawyer. Celebrated with my first PC and later a dox-matrix printer.

[@ninajohnson6578]

Tae love your channel. I’m showing your channel to girls and women. Could you please show more women’s images in a positive way? If you look at this episode for example the high wealth individuals were men. Thanks!!

[@elifkhrinejad3148]

I have been looking for a financial advisor for some time to help me increase my income as my expenses have increased

[@ashwinaditi1039]

L’AURA GRACE ABELS’.

[@ashwinaditi1039]

Get in touch with her , she has a web presence

[@bk-xn5tk]

I dunno. The standard make alot and save alot for as long as you can thing. Sure it works. But why? I know ppl who do that. Work hard. Save money. Live cheap. then they get cancer and die before they can enjoy the fruits of their labor. Austerity is not the answer either. I like the beginning. U r fortunate. Ur high income means u have alot of principal build up. Ur ahead of most ppl. Now to Build wealth within your lifetime. U have to risk it. Have to. My opinion is you have to risk it at some point in your life. Escape the fear. Have to go all in and hope it succeeds. Have to get into the game. Working and saving in index fund. Wont do it much within ur lifetime. And ur kids maybe rich. But they could also blow it all in vegas in one night. Goodluck. No fear!!

[@mbank3832]

Should I pay off student loan for wait for Biden to wipe away my loan with SAVE ?