How to Retire in 5 Years Starting from ZERO

[@cryptonown4ever194]

Thank You for your wisdom.and the kind way you present!! Im 60 and I'm starting fresh again! Hopefully, with the help of people like you, I'll get it right this time so that I can retire in 5 years at 65! Wish me Luck! I do believe I can Make it happen!

[@kurbol9293]

You are the best, Ross. I love your educational videos. And you are very truthful. Keep it up.

[@freshjerseyprepper8847]

The Smartest Trading from the Only person who explains things everyone can understand.. and .. it makes sense!!! Thank You for Killing It on Utube Traders Community!!

[@tmarie2050]

Excellent topic, very well covered!

[@OzieRust]

Indeed, my brou.

[@crazyvideos4104]

So basically you’re saying that risky trading Doesn’t work. Cheers for your honesty.

[@butchag1366]

I, too, can’t to this conclusion during the COVID plandemic. Unfortunately I made a huge error which derailed me. However, I am back on track and think your podcast is very timely and a solid reinforcement of this thinking. Thank you!

[@DaytradeWarrior]

You bet, glad you enjoyed!

[@faruqhasan5396]

I love love love this. Really needed a no bs and incremental mindset change that's simple and I can see the journey as well as the end destination. Thank you my friend for helping me start this process. 🙏

[@DominqueTrosen]

Yes, that's right.

[@DominqueTrosen]

A question: Can you recommend a good AI for trading?

[@KatriceCaflisch]

The most effective AI trading tool is known as

[@KatriceCaflisch]

Gemacollege

[@KatriceCaflisch]

I discovered it through

[@romotov6007]

Hey Ross i think one big thing that needs to be talked about is how taxes are done on trading its stressful to think about, can you please share a little video on it, it would help im sure many of us❤❤

[@DaytradeWarrior]

Ross did a video on that! Taxes for Day Traders Video: kzbin.info/www/bejne/jXurmIB6rrOLgdE

[@cindyneal5580]

Yay Ross congrats on over 1 million subs . !!!!

[@DaytradeWarrior]

Thank you Cindy!

[@samanthalaidlaw5950]

Great Vid Ross - thanks! Would LOVE to watch a video about how you manage your trading account regarding taking out profits along the way while still growing the account. Do you take some each week or quarterly drawing etc?

[@SaPipers]

Appreciated Ross

[@ThaBigBear]

Rule #1 be a small cap stock trader in 2020-2021 😂

[@tduke542]

Excellent information! Thank you!

[@ap3885]

The no debt approach is still possible just slower. For example you can still get a mortgage without a credit history if you chose a debt free lifestyle with a Manual Underwriting. Credit Score is just an Automated Underwriting. In the long run the no debt approach will yield you more income since you have no debt payments and purchasing everything in cash but again it’s a slower approach.

[@stanford2348]

🌟Sprinkling concept diamonds like a boss🌟 Thanks Ross 🌠

[@Estrada-007]

I love this type of videos Ross! It would be great to see a 9-5 to Day Trader Planning video.

[@user70331]

Make sure you have consistent paper trading results and ready

[@slydon75]

Great info

[@rogerward801]

Also need to factor in inflation as that $5000k/month now will be $6000, $8000, $10k in 10, 20, 30 years

[@DaytradeWarrior]

That's true

[@DannyOleksy]

I understand what you are saying and it works 100%… in a perfect world. In reality, rent or mortgage is over $2000 a month itself. Don’t forget about the down payment if you buy a house. How about a car or truck? How about food? how about insurance? How about gas? There is no way that at my age, 22, I can plan to “retire” in 5 years. I don’t even have a truck that can make it from A to B. And I work 60 hours a week and own a business on top of that. Still regardless, what you say makes sense, the reality is it’s not the 1940s anymore, this is 2023 where the state of the economy has destroyed any chance of someone my age making any significant progress towards a successful future given the projection of prices verses stagnant wages.

[@FaiThEisTT]

There is far more opportunity to make, save, and invest money in 2023 than there was in 1940. No excuses.

[@bocatcc]

​@@FaiThEisTTthat isn't even what he is talking about. It went right over your head. 🛩

[@ArcGlowingVision]

No question with inflation it is much more challenging for young people to get ahead so the moral is to take the side path. Don't do what everyone is doing, because it's a road to mediocrity (even if it means you have to comprimise). The more you learn about how to make money work for you the less taxing it becomes. Remember it's a marathon not a sprint. Sounds like you have a good head on your shoulders for 22. The earlier you invest the better your retirement portfolio will look. It is 100% possible because despite the current economic forcast there are still volumes of young people progressing financially. You'll get there.

[@FaiThEisTT]

@@bocatcc uh no I responded exactly to what he is talking about, which is that it is harder to get ahead in 2023 than in 1940, which is entirely 100% false. We have more resources for financial success available to us today than we ever did in history. The idea that "the economy" has destroyed any chance of a young person making any significant progress towards a successful future is not true at all. There are a ton of young and middle aged people who are financially successful in the same economy. Try to be more respectful when you have no idea what you are talking about. Even Ross liked my comment.

[@bocatcc]

@FaiThEisTT still over your head 🛩

[@idontknowwhatidontknow]

Please offer the single tool subscription again! Like just live, or just scanner ! Thanks

[@DaytradeWarrior]

We will have it ready later this month at Warrior. Stay tuned!

[@soheirabdelkader2412]

Need more details on buying the dip

[@timbankes6556]

Now this is what you call being off brand. Your brand is trading and making quick money. There are plenty of generic one size fits all Dave Ramsey incremental wealth type ppl online. Stick with your special knowledge of being successful traders. That’s your value proposition.

[@DaytradeWarrior]

Thanks for your feedback. I hoped it would be a topic interesting to our subscribers, i could be wrong

[@alexandercoll4863]

3:09 ufff that really hit me. i felt more free/happy/healthy in college living off my GI bill housing stipend going to business school than i did making 6 figures in the corporate sector

[@DaytradeWarrior]

Funny how that works sometimes!

[@mikeragansr.340]

If you retire at an early age calculate the purchasing power of $5,000 in 30 or 40 years from now! You would be surprised. $5000 in 30 years would be worth a little over $2,000 due to inflation

[@DaytradeWarrior]

Good point!

[@janinehepburn1097]

its so hard to earn money these days, bills on bills is so bad

[@DaytradeWarrior]

Not the easiest economy right now that's for sure.

[@noulafrantz8589]

​@@DaytradeWarrior don't you think the economy would get worst in the future

[@amer-l9t]

tell us what to invest in

[@ThuLe-l5z]

Ross, are you planning on doing a small account challenge again? Would be nice to see how you do in this slow market!

[@DaytradeWarrior]

Possibly!

[@ThuLe-l5z]

@@DaytradeWarrior you should!!! Would give all of us more motivation to keep on trading!

[@fins5150]

@@DaytradeWarrior.. small $1000 acct with respective small margin. Trade on Think or Swim (or something common, no extra leverages, I know it's slower). Use maybe use your premarket screener. Just a basic challenge that is an everyday Joe's trading. I've been waiting for Ross to do that for several years (unless I missed). I don't have access to his niche stuff. Never thought his "challenges" were on a level playing field for the challenge. I've always enjoyed the live trading, just don't have the extras for the edge.

[@Justinian169]

I have a bunch of cords of wood to chop rn. lol

[@allwedoistwin]

Thank you

[@andrestorres3144]

we need the morning show back. ross it's been hard.

[@DaytradeWarrior]

I know I hear you!

[@jonnybritnorth7966]

Ross have you tried tick charts. I'm having a blast with them. 34-133 and 300 ticks Put one on a fast volume mover with a 9ema. Tell me what you think. Tet rid of the time value and walla! Algos exposed!

[@DaytradeWarrior]

Not something Ross has tried, glad it's working great for you!

[@francofranco3306]

In my situation, i withdrew all my 401k during covid and put half in the index fund and the other half in bitcoin.....im debt free but im working weekends to keep depositing money into the market plus pay my main bills, and spend more time with my kids....Not looking into retiring soon because im 30....

[@particles1101]

A lot of these people in thr comments live in cities where the cost of living is astronomical, and yet refuse to move and improvise.

[@mass9213]

Bro if it was so easy to “move and improvise” then everyone would do it and the situation would be exactly the same on said places 😂

[@mass9213]

In*

[@particles1101]

@@mass9213 The comment is for people who are successful in trading and making dividends. You can still own a rental property out of state or in state and live in a smaller town further away where the cost of living is cheaper. Don't make excuses.

[@mass9213]

@@particles1101you’re out of touch with reality 😂 most people don’t even own the place they currently live in let alone are privileged enough to afford a rental property out of state

[@hersheykiss9500]

Ross Ramsey

[@gigibarrett1777]

I’ve been saying this for the last few days

[@gigibarrett1777]

I picked LIFW like a month ago on moomoo but forgot about moomoo and just saw today it’s up 195% BUT I DONT know how to use the app!! It says 245%. My FIRST TIME picking a stock like this and I can’t even trade😭🤯🤯🤯

[@L.F.williams-jx4db]

❤GREAT info, G8T clip, G8T MuSiC, Great Vibe, G8T Coach, GREAT "Everything"❤

[@DaytradeWarrior]

Glad you enjoyed it!

[@bocatcc]

70-80% saved? Most average people pay more them 50% for rent.

[@DaytradeWarrior]

That’s true, that’s why I said trying to save 70-80% creates a sense of scarcity. It really is very difficult.

[@Nabsatark]

Heuuu it’s all good only if your alone when you have a couple of kids , big home and credit cards etc… soo it’s not soo simple has you said

[@DaytradeWarrior]

Circumstances certainly have some influence, all about doing what works best for you and your situation.

[@borpheousmaximusv3985]

I just found some money and then this vid drops like right after…

[@cubbie8330]

Could someone tell me where the x300 comes from? Is that 300 months of retirement, so about 25 years?

[@DaytradeWarrior]

Monthly expenses x300 = amount of mo eg you can draw 4% per year from indefinitely as long as it’s invested in stocks and bonds that return the historical average of 7%

[@okkrom]

So say I need 2k a month. I need to save 600k. Divided by 5years=120k a year. Plus I need 2k a month to live= 144k a year. After taxes. Well...call me stupid, but If I was earning 150k net a year I dont think Id stop that occupation after only 5 years, to go live on less than 20% of that income. The principles discussed are valid but the title is total bs and disappointing click bait.

[@DaytradeWarrior]

I disagree with you here. The whole idea is spending the next 5 years building income from a business so you can free yourself from working a 9-5

[@wallyg8020]

How much is your course?

[@DaytradeWarrior]

You can see my courses here: www.warriortrading.com/trading-courses/

[@jeff346]

Unfortunately my burn rate on bills is greater then my 6 days a week income 😭 my only way out is to build up my micro trading account which is incredibly difficult , with having $25k and pdt rule I can only use offshore broker and their commission/fee are just slowly eating me up 😢

[@romotov6007]

Etrade brokerage you put in 25k and pdt rule is gone, (found out the hard way)

[@johncoble4079]

Why not use cash account? Then you’re not bound by PDT rule. Trade smart, have a system and stick to it. You can do it.

[@romotov6007]

@@johncoble4079 found out after lol

[@martboring3573]

Does anybody know where to see live pre market charts for free or a cheap price. I currently use Webull but they only show market hours?

[@DaytradeWarrior]

ThinkorSwim has free charting available if you have any account with them, might be worth checking that out.

[@johncoble4079]

Awesome video Ross. You are now my mentor. Been watching your videos for a little over a month. Is there any way I could send you an email? Not trying to air my story to KZbin. (I’m not a skammer or asking for money) 😊

[@DaytradeWarrior]

[e-mail]

[@FXM3]

I use the “side hustle” time to perfect my craft in trading. Trading is the retirement from being a modern day slave. 3:56 Lamborghini Huracan exhaust with a mustang driving was actually funny 😂

[@kaebifan]

Ross it’s depletion of money if you live for interest rate adjusted to inflation and not letting your money work for you adjust to inflation. Rather invest in something which will give you above inflation rate at-list 8 to 10 percent which is above inflation rate.

[@Mr.Mindset]

5k a month? Who gets that amount... bs

[@DaytradeWarrior]

60k/yr?

[@ArcGlowingVision]

Good Strategy regarding purchasing the bulk of the automobile, but taking a loan on the final 20% just to build you credit (outstanding tip). Additionally wating for the proper market cycle to apply for a fixed rate mortgage which will save a home owner litterally tens of $1,000's. !Enjoy your day Ross.

[@lesstarling9806]

Again I enjoy your videos, but your numbers are not reality for most people. 750K invested 2500 a month return, that’s great but in order to live off 2500 a month you need to be mortgage free and if you are paying rent where I live a 2 bed goes for over 2k a month…Problem Burn rate agreed Side hustle agreed Save agreed (most family income is less than 90K a year, most have less than 30K in savings today 750K in 5 years?) Invest agreed, but unless you have a decent amount to invest a 5 year plan is a pipe dream Build a business, this one made me laugh, we all know most businesses fail in the first year and can take up to 3 years to profit (maybe) just because you are great at a job does not mean you can run a business. I have been self employed for many years and one has nothing to do with the other. You asked why I thought it was silly, this is why…..5 years is not realistic in any way unless you have a really good head start and I don’t believe those are the people you are talking too. Again I really enjoy your videos!

[@Juandinggong]

Thank you Ross!! Because of your video and teaching I was able to make quick $700 today in half hr!

[@DaytradeWarrior]

Amazing great job!!

[@joelee095]

Awesome video

[@DaytradeWarrior]

Thank you!

[@lesstarling9806]

Or you can win the lottery,…. really like this guy but this was silly

[@DaytradeWarrior]

Well yeah you could win the lottery, but why is this silly?

[@FernandoG_1981]

First!

[@DaytradeWarrior]

You did it!

[@benchah5763]

Let us all give you our money. You trade for us and we all retire on an island somewhere. You can be our King. Thanks Prince Ross

[@DaytradeWarrior]

Warrior Trading and its representatives, including Ross Cameron, do not provide investment advisory services or financial advice, including personalized investment services, and do not accept funds from customers for that purpose. You can read more about this in our Terms and Conditions on our website here under the heading "Your Responsibility": www.warriortrading.com/disclaimer/

[@benchah5763]

I know Ross,,,,,i was kidding.@@DaytradeWarrior

[@Jp-ui3fw]

Hey Ross, do u think the market will stay slow because of the economy or is it possible it will pick up, what do u think the stock market will be like in 2024?

[@DaytradeWarrior]

In the next 12mo we have an election which will bring volatility. But we also are dealing with the increased interest rates and inflation. Ultimately I think things will be a bit difficult until we enter the next bull market

[@Jp-ui3fw]

@@DaytradeWarrior Ty

[@AlanTrades]

Thanks Ross. I'm using firewood too, just didn't have to chop it, though I wish I could

[@hamlaouiakram5096]

It's realy hard when you make 1 usd per hour Yeah that's true

[@robertsullivan9232]

Trading is retirement

[@DaytradeWarrior]

Haha you don't work a day in your life, if you love what you do!

[@lovegxdherself]

How did you know this was my goal and true dream??

[@noulafrantz8589]

Go for it don't wait to be 65 to retired

[@benobrien1701]

Love your videos Ross! Are you going to do a class on trades to not take (bad examples and why)?. Just a suggestion, i think it would help a lot of people👍

[@DaytradeWarrior]

That’s a great idea

[@Marc-tg4jg]

Hey Ross just wanted to say thanks for all your efforts to share you knowledge and help other be financially free

[@DaytradeWarrior]

Of course, happy to share!

[@jme6322]

Please do a thorough video on simulator abuse and rewarding bad habits. Many average down and also hold for the curl. The simulator can set folks on an unrealistic course when they go live. It resembles a cell phone app.

[@DaytradeWarrior]

That’s true, simulators can be a crutch if you use them too long. But they do prevent loss with real money in the first months for a beginner

[@BASE5NYC]

Great one as always Ross. Hope this video reaches a broad audience... other than just us regulars that watch you for Warrior. You're an awesome teacher.

[@BIGCAT-1985]

Thank you for the advice! Well done as always!

[@philiplytle]

holy cow Ross, this is such a great informational video. this needs to be seen by all current and soon to be graduating high school kids. in fact, im sure there are a lot of people out there that could benefit from this. truly great stuff!

[@SF-fb6lv]

Ross, thanks so much for sharing all your ideas and knowledge!

[@trapj5983]

Can you sit down with an investor with say 10k cash, and just hand them the money and say make this grow?

[@DaytradeWarrior]

Warrior Trading and its representatives, including Ross Cameron, do not provide investment advisory services or financial advice, including personalized investment services, and do not accept funds from customers for that purpose. You can read more about this in our Terms and Conditions on our website here under the heading "Your Responsibility": www.warriortrading.com/disclaimer/

[@TryABaconSlice]

The best investors in the world are unlikely to average more than ~8% pa. Do the math on how much that 10k can grow in how long. It's respectable but not life changing money in the slightest. The reality is you need to increase your income and increase how much you are able to invest

[@trapj5983]

@@TryABaconSlice can your initial investment be in that ballpark? Then you keep adding?

[@birdguy05761]

This was a great video, I feel so inspired to reach my financial goals. Thank you Ross!

[@DaytradeWarrior]

I’m glad you enjoyed it!

[@lucianpadurariu1260]

Hey Ross, amazing content. Can you do a video on trading bots ? Do they really work ? What are the best ones ? Gains ? Settings ? We want to know your opinion on this 😎

[@Cookingafter1200Am]

What to do With a six figure inheratince, I think that would be a good video!

[@DaytradeWarrior]

Thanks for the suggestion!

[@AllAroundAtlanta]

Lot of knowledge given. I left the Corporate World at 29 years of age. Now at 70 I can say I would not change a I've had my own bu for 43 years and have enjoy the trip. Living on an island in the Philippines these days trading stocks at night.

[@DaytradeWarrior]

Sweet!

[@tradingsimplified8158]

My retirement plan is a tad longer. Two 401ks at job 22,500 each. 45000 a year for the next 30 years. Let’s see how much the snp 500 grows in 30 years

[@simonhuber6859]

Honestly, if you are a savage and hustle for 12 months straight, journal ever single day to get better and trade 2 hours every day, you can do it in 2.

[@DaytradeWarrior]

Many ways to go about it!

[@CScott-wh5yk]

We’ll always have obligations to do things we don’t want to do 🏄‍♂️

[@DaytradeWarrior]

That’s right!

[@crystalmoreno3185]

Love this!! Was just having a serious convo with my son who needs direction and shared this video. He wants to be retired already and he’s 19… wants to be a day trader and dip into real-estate so I feel he’ll enjoy the advices!

[@DaytradeWarrior]

Thanks for sharing!!

[@j.t.1215]

❤ I need your help. I've devoted my whole life to helping others and find myself at 59 with no retirement saved. I'm watching for a Black Friday special and praying that I will have the guts too invest in learning how to invest. I admire you so much. Love from the Las Vegas area I hope you and your family are doing well. God bless❤