Hope you all like the video, and have a great rest of your day :)
@seriousone8229 Жыл бұрын
You're doing great with your videos. This one is right on point because I did it right down to the rental property. Best of luck to you for actually telling people the truth.
@palakondarayuduuppu6420Ай бұрын
Is WeBull affiliate programme available for Non-UK people? I am from India. Can you please answer that Miss Karson?
@francelinodasilva8711 Жыл бұрын
I studied and started investing about a year ago and it is amazing to see that I am doing exact same steps you mentioned on this video, even on the house buying thing 🙂 I am really proud of myself to see that I understood everything so well and I am on the right way. Congrats and hope you keep going and can help a lot of people with your great, if not some of the best advices we can find on KZbin.
@KarsonGaule Жыл бұрын
That’s amazing to hear! Thank you!
@shumatsuopost Жыл бұрын
Interesting video! It's great to see someone approach investing with a realistic mindset and focus on the long-term rather than just trying to get rich quick. It's important for investors to have a solid understanding of the market and make informed decisions, and this video provides some valuable insights.
@KarsonGaule Жыл бұрын
Appreciate it!
@felipehernandez2418 Жыл бұрын
As good advice as you can get. Unfortunately its advice most people would set aside because people don’t want to be rich. They want to be YOUNG and rich. Thats how you can swindle young people with promises of riches in short periods of time.
@summerbreeze5115 Жыл бұрын
No heaven without dying
@MyZ001 Жыл бұрын
Even worse, they wanna be rich in the next year or two. Thats what all these "rich" content creators are telling them they did. So, they think it's possible (i mean it is), and if they just follow "their advice" then they'll do it too (they won't, but they did buy the course though)
@martinrbookermb Жыл бұрын
Tip: If the market goes down when you are DCA try and buy more shares if you are buying ETF's like the S&P500 than you usually would. People buy more when the sale is over and on the way up FOMO kicks in and you buy more at a higher price? Don't worry about the short tearm noise if you are investing long term. Grate video.
@KarsonGaule Жыл бұрын
Thanks Martin!
@ankurhaldar8836 Жыл бұрын
One of the most practical financial advice videos I have heard recently. Definitely needed this after that Tiktok one
@Hi-Me Жыл бұрын
I subscribed because your the only one not trynna scan thier viewers. never change
@KarsonGaule Жыл бұрын
Good to hear lol
@IndiesVSHeroes Жыл бұрын
You are my new favorite financial advice KZbinr. I Just listened too one of your other videos where you discussed terrible past advice from finance KZbinrs like graham and a few others and I was laughing. I appreciated your realness because it’s true and I agree with you. Anyways, subscribed. Your awesome Keep it up:)
@AR-qy4dd9 ай бұрын
What definetely needs to be accounted for within the house buying costs are the costs of repairs and restructuring. Normally after 15years but most definetely after 30 years you would need to make an investment into those. And depending on the state of your home it can go into tens of thousands.
@robotlegs669510 ай бұрын
The Wheel Strategy. You're welcome.
@tylerswann4101 Жыл бұрын
Love your videos. Very pragmatic and realistic investing advice. Hope to see more videos in the future!
@KarsonGaule Жыл бұрын
Thanks Tyler!
@nichen6966 Жыл бұрын
Such a refreshing change from the Nauseating “millions” of “overnight millionaires’s” “Smart advice” to become a millionaire overnight.
@donaldlyons1711 ай бұрын
Ok so the assumptions are 50K: 24 an hour 25% invested or $750 7% rate of return (not even going to ask about taxes or any fees)
@michaelandujar81098 ай бұрын
The 7% is including at the very least including the taxes. If you want dome real returns get TECL all done look it up. I'm averaging over 100% for the last 5 years.
@rockyrock2874 Жыл бұрын
There are traders who are really good at trading and the successful ones are not on KZbin because they don’t need it to make money. The people who say day trading is not gonna make you money do not know how to trade.
@RavenRuled Жыл бұрын
Its true. An average person even can get to a million just by putting in a couple hundred a month and reinvesting the profits over time. I knew credit was bad and not to buy things on layway when I was broke but still made a ton of mistakes chasing a million when just going slow and riding the highs and lows and not panicking would have got me there much faster. Takes awhile but better that having to put a ton of money in later in life but even in your 40s and 50s there is a chance. It is never to late.
@allentham5497 Жыл бұрын
Great video! It would be informative to see how the total amount invested and the compounded returns to reach 1 million.
@EmilyGloeggler7984 Жыл бұрын
Unfortunately, I make less than 30k a year and we are still in worsening medical debt.
@neilwadden174910 ай бұрын
What’s worked for me is Ray Dalio’s all weather portfolio. Also starting off, never put more than 7% into one asset class until you level up to options.
@vovboss Жыл бұрын
Hey, I like your content, I'm still new in the world of investment, as in English too, because I'm Brazilian 😄
@KarsonGaule Жыл бұрын
Thanks! Glad you like it!
@animaldonut6 ай бұрын
Boa Sorte! Espero que tudo vai bem com você!! How do you invest from Brasil? Are there phone apps and brokerage firms like we have in the US? Which ones are best?
@DanielBotelho-ok8df Жыл бұрын
Average 50k a year, Me and the 16k average salary in my country: Guess I'll be going then
@eazyez5717 Жыл бұрын
Yeah, but that salary i suppose is covered by the healthcare. So you don't have to exhibit you're credit card/insurance papers if you're bleeding on the road.
@invertedv12powerhouse779 ай бұрын
i went hard on buying canadian stocks all year after barely recovering my losses from being a noob. i kept dollar cost averaging on a slight down this year and i started the year at -3 % (i was at -30% the year before but account was small). the stocks finally started going up again, and i actually reach 13% from 12 months ago. feels good.
@faezmohtar9476 ай бұрын
New subscriber here. Very good and practical advise. Thanks
@qazaqbiz10 ай бұрын
wtf in this world that you need at least 30 years just to get your own house?
@miut79956 ай бұрын
Rental property is not passive
@Talzoid Жыл бұрын
1. I earn at MAX $5,000 a year with 4 kids 2 being adults a teenager and a 1 year old. Never had luck with traditional jobs. Don't want to sound mean but crunch that and see if it's viable.
@rubrub5264 Жыл бұрын
Wah wah wah 😭
@livingworkingoutsidebox6 ай бұрын
3:49 Are you working on improving your skillsets and mindset? That's the great thing about living today. One can use the internet and things like KZbin University to improve their abilities and put themselves on the path of earning more. Good luck 👍
@taylorburton954910 ай бұрын
Thanks Karson, very sensible advice. I appreciate it.
@Andrew-vx9qm Жыл бұрын
7.077% Avg return is not realistic as it doesn’t count taxes on dividends that you have to reinvest. Real return after 15% tax for VOO dividends is 5.something
@scarpfish Жыл бұрын
Doesn't apply if its in a Roth IRA.
@alanbarnes4991 Жыл бұрын
I yolo'd 2k on Doge right before Elon's SNL appearance.... that did NOT make me a millionaire :)
@KarsonGaule Жыл бұрын
Lol happens to the best of us
@joeygaule-np1jv Жыл бұрын
Thanks for the practical advice!
@KarsonGaule Жыл бұрын
You’re welcome!
@Chris-qb6lb9 ай бұрын
~4:00: it's definitely mentally exhausting for people to have to weight the benefits of improving their credit profile against the risks of housing prices continuing to rise disproportionately against their income. ~8:00: Go-go gadget rent-seeking-behavior. Although it's sad that even if you sold the house, there's a good chance that somebody else would snap it up and do the same, both outcomes minutely contributing to the previous situation.
@talesthesalesman3106 Жыл бұрын
Karson, you're suuuuper pretty! Thank you for the video! ✨
@KarsonGaule Жыл бұрын
Haha thanks!
@CurieBohr4 ай бұрын
Subscribed. This is great content.
@madelynmiles1506 Жыл бұрын
y! righ, I have 4 degree and I still only make 15,000!
@StormyDoesVR Жыл бұрын
I've never heard of the 4% rule, but omigoodness I didn't realize just how smart that is. Earning 7% ROI a year means even if you take 40K out of 1 million dollars, you're earning more than that back every year so you have plenty to live on while still making money just by letting that investment sit in the market! No way!
@albinosaschoopasquatch4455 Жыл бұрын
And then it can keep making money after you die and you can have it in your child's name
@feliciag6800 Жыл бұрын
Great contents and super editing!
@KarsonGaule Жыл бұрын
Thank you!
@riverbig4279 Жыл бұрын
You will make it a lot sooner than you think. Or maybe you already know that 🤔. Enjoyed the video
@KarsonGaule Жыл бұрын
Haha one can hope, thank you!
@riverbig4279 Жыл бұрын
@@KarsonGaule if you don't it will not be for lack of trying. Ha
@Rustedhubcap Жыл бұрын
Your videos have been incredible ms. Karen, i am a graduation college music composer/recording engineer who has no idea how to manage my money. Ill be moving, looking for work as a production freelancer, and starting my first “real” non parttime job at the end of the year. I would love to see some more videos geared towards freelancers having to manage their personal and freelance business finances. I will definitely be returning to your channel often! Thank you!
@donaldlyons1711 ай бұрын
Also why talk about buying a house rather than trying to talk them into buying a job? Since the job that pays more allows for more money in the end assuming cost don't outpace income....
@peter1770810 ай бұрын
Awesome!!
@Gluosnis9 Жыл бұрын
A million is not that much, today having a million is like having 56k 100 years ago.
@lovelycutielover8049 Жыл бұрын
yep, that's true dear
@KarsonGaule Жыл бұрын
👍
@starwarsnaomi Жыл бұрын
I was debating rather or not to click bc your thumbnail didn't show any flames. What about saving for a emergency fund and who invested in NFT biggest scam
@dannyg9047 Жыл бұрын
You da best!
@KarsonGaule Жыл бұрын
Thank you!
@vvgame Жыл бұрын
My two cents .. , start healthy habits after 30.. get a life insurance
@KarsonGaule Жыл бұрын
👍
@qazaqbiz10 ай бұрын
Disagree with credit score, also 50$k salary is for US only, all around the world salary are very low. Do you have video about being millionare by living in third world country?
@qutielove2208 Жыл бұрын
Absolutely loved this video! ❤️ thank you!
@curtisdavis8594 Жыл бұрын
😂... Yes ..the 40% rely on SS Admin checks. Thank You!
@jasonluckett9187 Жыл бұрын
Great video your are the best
@KarsonGaule Жыл бұрын
Thanks Jason!
@poohshmoo989210 ай бұрын
DCA just does not work ... looking at my 401k in which I contribute bi-weekly for the last 15 years , never took money out .. so far grew to $90k ... far away from the $1Mil .... with a bit of risk of trading and timing the market I turned $40k into $1Mil in my IRA account where I DO NOT DCA but just trade ... i.e. DCA DOES NOT makes you millionaire even by a long shot ( unless you are VERY lucky with your investments )
@StormyDoesVR Жыл бұрын
what... how is Webull just giving away stocks like that
@lisagayhart248210 ай бұрын
It is $1 slices . It is like loss leaders in the grocery store. They get you in. Robinhood does the same . I like Robinhood better .
@pablitos43436 ай бұрын
Assuming you don't pay any taxes and national insurance on your 50k annual income I guess? Anyway, I like your videos, usually very spot on.
@curtisdavis8594 Жыл бұрын
Many 💎 s..."Sharpen Axe" "Spend 4 hours sharpening to cut a tree down in 6th hour"... 💎 💎 Thanks
@Kk-iw4ck Жыл бұрын
Great video keep it up!
@KarsonGaule Жыл бұрын
Thanks!
@chriskabanda21679 ай бұрын
There a many millionaire and billionaire traders. Do research.
@nicstevens64998 ай бұрын
Hahahahahaha... nice try... what % of your viewers can save 25%!!!! of their 50K income... Are you kidding me??? A gallon of milk costs $5... eggs cost $3... gas cost $4... what are you talking about??? If you're only making 50K a year.. saving anything for retirement is going to be a nightmare.... yeeeeeesh... these youtube financial people are full of crap
@TrackVibesJA9 ай бұрын
Honestly, perosns can get lucky with some stocks but longterm investmests coupled with side hustles is the way. I tried the get rich quick schemes and that tirnwd out really bad. Slow and steady wins the race.
@roncreach753 Жыл бұрын
Very good explanation on market timing.
@AlexC5959 ай бұрын
Savings accounts are for emergency funds.
@cfv19826 ай бұрын
Do you invest in index funds? What do you think about robo advisors?
@alearninglife Жыл бұрын
Who is your editor?!
@ezekielphiri2607 Жыл бұрын
You forgot about our beloved government that need you to pay up your taxes on any form of income😂
@jeffmiller1140 Жыл бұрын
Well done, Karson!
@KarsonGaule Жыл бұрын
Thanks Jeff!
@Dahench Жыл бұрын
👍
@diazuknown7676 Жыл бұрын
She yaks bout influencers and she out here tryna make y’all die the same shit lmaoooo
@poohshmoo989210 ай бұрын
OF tilted the game for girls to become millionaires
@suzannebond6424 Жыл бұрын
Are you Australian?
@KarsonGaule Жыл бұрын
American, husband is English though so it rubs off a bit in me
@MyZ001 Жыл бұрын
@@KarsonGaule Yea, I kept hearing you sound like a Brit sometimes. So, I thought you were a Brit faking an american accent 😆
@HasanRifino2 ай бұрын
🌷🚶❤
@Blackfeet8 ай бұрын
And then when we all game the system the government and big corp will just move the goal post and increase the cost of living to match that of the economy/average income. In 30 years a block of cheese will cost £5000. 😭🧀