Pursue Slow Wealth

[@cashflow68]

It took me 35 years to hit 1M in my stock portfolio with an average income of 55k. I started with basically nothing and lived below my means.

[@UTP504]

Congrats 🍾🎉, that takes a lot of discipline.

[@Virgin_Buoy_69]

You should make a vdo 🙏

[@cashflow68]

@@Virgin_Buoy_69 lol

[@Virgin_Buoy_69]

@@cashflow68 I ain't joking . You pls make a vdo and share with us your journey of becoming a millionaire .

[@cashflow68]

@@Virgin_Buoy_69 all it takes is spend less than you make. I chose to buy stocks in strong companies like Costco, Visa & Mastercard to name a few. Just keep investing and be patient. Stocks will always go up & down in the short term but will do well in the long run. Like 10 years. I bought Costco stock at $138 in 2014 and Visa at $29.

[@alvindoeslife]

Get rich slow. It grows your character. Getting rich quick only grows your ego.

[@bbb_888]

:O 😮

[@jaybah836]

I like this

[@mannya_realtor]

I’ve been going the slow route and passed a quarter million net worth recently but I struggle because some of my closest friends took more risks and are already multi millionaires and retired. It’s tough navigating between the two types of wealth building strategies.

[@vulpixelful]

I had the same attitude dating in my 20s as your wife. I figured that at our age, a 20-something driving too nice of a car was either not managing their money well or got spoiled with gifts from a wealthy family. Both were the kind of person I wanted to avoid 😅 Luckily I did and my current partner (in our 30s) is successful and down-to-earth, and now we upgrade our vehicles when we truly can afford it, and after investments are adequately funded.

[@yahnwhos]

yep, my wife and I LOVE THE SLOW AND STEADY WEALTH! we are much happier now than when we tried to make fast cash fast!!!

[@EcomCarl]

Great emphasis on the value of pursuing slow wealth! It's a powerful reminder that wealth building is a marathon, not a sprint, and patience combined with smart decisions leads to sustainable financial health. 👍

[@Irene1208Lano]

My husband is on board with slow and steady since he beginning . It’s a good way to wealth.

[@OSUHARDING1ATECHNICEXPERIENCE]

Building wealth is a lot like losing weight... slow, steady and consistent effort. Eat fewer calories than you burn and spend less money than you earn...over time you are skinny and wealthy!

[@train_xc]

It is actually every good thing in life. It takes time. May it be your maturity, career, wealth or health

[@jesssc402]

So true.. i was thinking about this analogy as well

[@bright2915]

Tae, I want to invest in whatever company manufacturers your hair care products. You have my vote for the best hair on youtube.

[@ryanlutz1216]

Now THAT is buying valuable assets!

[@adamtki]

My dumb money mistake was selling my condo that I had rented out for $2k/month which was enough to cover expenses back then (2008). Today that condo can rent for 4k and the mortgage would've been paid off and its value doubled to a million. Wish someone had talked me out of it. I think about it every time I drive by that area. Time has not healed that wound yet. LOL.

[@Executor009]

But what did you do with the money, didn’t you invest it?

[@RichardTouchfaith]

At age 47 my seven figure 401k is 33% from my own money and 66% is from employer contribution and compound interest. I'll report back when my contribution portion is only 17% of my account value at age 57....then 8% of my account value at age 67. Time is magical and still hard to believe!

[@getinthespace7715]

Awesome. I hope I'm on track to do the same, maybe a little behind. At 40, $250k invested increasing my contribution, will be putting $37k/yr including the employer match. Should hit 1 million by 50, hopefully.

[@Gwillis7]

Truly a tortoise and the ‘hair’ approach

[@dstevens518]

LOL, I see what you did there...

[@bbb_888]

The turtle and hare had 4 races in total tho. Which race are you referring to?

[@scottgordon5388]

Error at 8:44 - both say "no compounding." Otherwise, really great video! Excellent points, and it's refreshing to hear someone share their own realistic experiences with building wealth

[@jordanclarxon6246]

Glad I wasn't the only one who noticed, I thought I was going crazy. Great video though! Love Tae's insightful videos.

[@babybbbb]

Hahaha came here to say this. Thanks for posting.

[@shvt10]

Love your content. Lifesaving insights.

[@drew8235]

True wealth is great hair.

[@elizabethdelgado1519]

Love this advice. Great hair 👌 😊

[@andrewpizzino2514]

Slow and steady wins the race. Younger ppl at work who want advice are disappointed when I don’t tell them the next Microsoft

[@TaylorTV5]

Very wise. Slow, steady & Smart.

[@sayan-nj1mr]

Today i have 21 k rs portfolio and i am 18 started investing from August last year

[@cheeseburns11]

Excellent video. Too often we feel pressure to have it all right now and get rich quick.

[@jon34153]

Amazing hair to the rescue. 😊 the true star of this channel. Love the channel, Tae. Thank you for the solid advice! 🙏

[@normanladdleschnitzel1928]

I try explaining to coworkers this kind of stuff and they all just roll their eyes and go back to eating their fastfood lunches and talking about stupid shit they bought over the weekend. They are determined to be poor forever.

[@tylerbrown5917]

Great video Tae! I currently work in FP&A. One day hope to achieve FI like you.

[@nothing9519]

Exactly the words I needed to hear! ❤

[@ivanteo77]

Thanks Buddy. This has a lot of wisdom. I share all the sentiments.

[@jasonjstdr]

Get rich and stay rich, slow or fast.

[@Mareno33]

There is not fast route just like losing weight it should be your new normal (the mindset)

[@davidmercado2329]

I totally agree , I like your philosophy

[@dstevens518]

Warren Buffett, who made 97 percent of his money the last few years due to the power of compunding, says the number one rule to investing is Don't Lose Money. That pretty much screams don't take outsized risks. Buffett is the best, most obvious, and most successful example of slow wealth. If you had been investing for 80 years without doing stupid stuff like Warren, you'd be damn well off by now too. Start yesterday, index, and keep piling it in...

[@rrandd0]

I started investing in stocks at 18, grew portfolio to $600k by 33. Recently, lost over 30% and want to mitigate risks. Also, planning to buy a home soon and want portfolio to grow. What should I do?

[@PhongTran-md3bu]

Very wise approach to money/life. Thanks for another fantastic video

[@calebthompson7181]

Great video! Keep sharing this message- it’s a vital one we all need to be reminded of. THANKS!

[@shannon1999able]

Such a wise lesson. Thank you.

[@dstevens518]

Excellent video, sage advice.

[@mp22422]

Was just watching your slow is smooth smooth is fast last night

[@veritas3179]

Yes, I can relate to that 😢

[@mahoganysins614]

Thanks for this information ❤

[@coderider3022]

Going for the Silvio Dante hair do

[@AR-ln7ln]

The people who need to listen to all this are not listening, and the people who don't need to, are. People need to make mistakes to learn. My kids are not allowed to make too many financial decisions without my input. I think one person messing up for the family is plenty.

[@MrWetube87]

Love it!

[@thomasmene6559]

Very informative

[@Whoisbu89]

I stand by this approach but if you see rare opportunities in the market in certain investments you need to take it. I’m up 500% in 2 of my investments in the past 4 months. If you leave emotion out of investing you can make great money.

[@tinachxx110]

Can you write a book called slow and steady path to wealth?

[@Mikael00898]

My life changed when I realized that no one was coming to save me. If you take your life seriously you will see a lot of improvement. I made the decision to start cryptocurrencies earlier last year at 38, just 1 year plus a few months since I started, I have grown my portfolio to over 100k, I know this isn't much but it wasn't easy to inspire myself. I really thank God for my journey so far and also connecting me with the right people.

[@LeoSabastine]

What's the best way to kick things off? And how long until the lnvestment starts bringing in profits?

[@Mikael00898]

It doesn't matter how long you wait, in this markêt opportunities must come. Invest for the long haul. It's important to make informed choices rather than relying on luck or impulse. it's best to partnēr with an advisor.

[@LeoSabastine]

I hope you don't mind recommending your advisor since you mentioned something like that.

[@peterl2767]

Great content 👌 👏 👍

[@EJJ-EvArms]

When one is young, one can grow the hair much more quickly than one can grow the wealth. ;-)

[@mp22422]

Hey Tae, what’s that one website you mentioned that helps with obtaining skills? It was a promo

[@coderider3022]

8:17 inflation ? More like 6% avg over the long run after inflation. This is almost Dave Ramsey reality distortion.

[@divyv20]

Hey Tae , very good video . I can do better editing in your videos which can help you to get more engagement in your videos . Pls lmk what do you think ?

[@marcd695]

I invest AVGE

[@Lion-qi8ej]

This all sounds fantastic but what if you don’t have decades and you’re 59 years old??

[@Baiyoubai]

High return means high risk, and the odds are almost always against the return. Unfortunately, winners usually speak the loudest, so many people are compelled by success stories.

[@bbb_888]

I disagree. I believe high education equals low risk.

[@beast_o4201]

🔥🔥🔥

[@kacperrools]

8:45 - text error, "no compounding" repeated twice in the powerpoint.

[@ProfWho-ut5he]

Works only for young people. I don't have the time for it 🤷‍♂️

[@dstevens518]

Actually, imo, this method is the ONLY guaranteed one, regardless of whether you have time or not. Taking outsized risks cause you're in a hurry is no guarantee you're going to move forward, more likely backwards... so having not enough time means you're looking at severely cutting costs and ploughing all your energy into sure ways to increase your income, NOT take risks that will actually just waste more time. Cause you don't have that luxury...

[@CyrusZerbe]

What I’ve learned…have amazing hair.

[@JamesBaileyhollywood]

😂 she was no match for the TK hair!!

[@tanisemmello]

❤

[@mediocreluke]

I'm 40, living in a third world country and only now on a path to becoming financial literate. Worst of all, I already have thinning white hair. I feel like I've already lost the game and I have no time left to pursue slow wealth. What hope is there left for someone in my situation?

[@dstevens518]

40 is NOT old, you have lots of time to get it together. Right now, nearly HALF of those between 55-65 in the USA have ZERO saved for retirement. You have a 15-20 year head start on them, maybe more if you at least have something already.

[@bbb_888]

The guy who created KFC was 65 years old!

[@blackknight9558]

To be fair, you do have pretty amazing hair 💈

[@chrissypoo69]

Sorry Kim but I put all my eggs into the resurgence of GameStop

[@tyrecarmon20]

Tae do you age???

[@Sar0]

I vote for 22 year old hairstyle being 2024 style.

[@Trench_Foot]

Stop giving a sh*t about what other people think.

[@chrissypoo69]

I am living to learn this. No one pays the bills. We have nothing to prove to anyone

[@drproton85]

Everyone in their 20's watching this video: "So how do I start day trading Bitcoin?"

[@ParkDari]

I tell young people the fastest way to get rich is to live at poverty level for 10 years and invest every single dime. Just make sure you have a good emergency fund. They just stare at me like I’m nuts.

[@pdpgkeeper]

Volvo gets the ladies?

[@Josevaldes12]

so the key is to succeed is to have good hair 😏

[@BENR8108]

Instructions unclear… I’ll I learned is that having great hair leads to wealth and ladies….

[@craigculford4963]

FR

[@02nupe]

Instructions were pretty clear to a lot of us 🤷

[@BENR8108]

@@02nupe that whooshing sound you hear is the joke going over your head….

[@skfotedar]

Less incentive to be unethical

[@Bostonaholic]

tl;dr great hair > great car

[@pomp4401]

But my wealth got faster with Bitcoin

[@BlakeC341]

Dude really said that anyone who's claimed they made big money in the markets in a short period is either lucky ir lying? Talk about ignorance. I spent my first 15 years or so of retirement as a successful day trader. This guy just says it's impossible because he can't do it.

[@MJHiteshew]

Cool story bro. You got lucky. For everyone like you, there are 10 others that did just the opposite.