Why EVERYTHING Changes After $10K!

[@VincentChan]

🏆 The $1000 Savings Challenge is now closed but join the wait list below to be notified of the next one → learn.vincentchan.co/save1k

[@niapri]

Any chance you can include a sources/citations list? Possible I missed it among all the other links in the description and if so, my bad! Just drives me nuts because if you have screenshots of one article I KNOW you must have one, or a folder of bookmarks or something. 🥲

[@jayocean4724]

I think after 10k seeing 5 figures in your bank account is a total mind shift for the average person. Most middle class people don't have 1k in their bank account so seeing that 10k sets you on the path🎉

[@VincentChan]

I 100% agree! Was that what you experienced to?

[@jayocean4724]

@@VincentChan Yes having 10k mentally signaled to me that although I'm far from rich and have a low income that I'm not struggling anymore and If I'm short on rent or have an emergency that I can cover it. I actually had a 1500 car repair this Summer that I paid cash for because I am against loans and financing. Now I'm on the path to saving another 10

[@creaturetransylvania8943]

Yeah when I started working,I was surprised by the amount of people who didn't even have 1k in the bank. Like even with all your bills it's easy enough to reach 10k in less then a year & keep increasing the amount.

[@berniekatzroy]

I gotta disagree, I think middle class people have way more than $1k in the bank. Now people just making the household median in most major cities, those people probs don't. Hell even people just above the poverty or below have more bc they need to budget to survive.

[@93ksj]

I do the same but I keep them in a HYSA instead of a bank, I only keep like $1000 in the bank. I took financial analysis course to manage my own investments and always updating every now and then by analyzing current market state with and grabbing tips here and there from videos like this one. Closing in to $100K pretty soon in investments and I’m proud of it 😊

[@MaximilianFischer497]

The most important thing that should be on everyone mind currently should be to invest in different sources of income that doesn't depend on the government. Especially with the current economic crisis around the word. This is still a good time to invest in various stocks, Gold, silver and digital currencies

[@TicheDebb0]

The key to big returns is not big moving stocks. It's managing risk in relationship to reward. Having the correct size on and turning your edge as many times as necessary to reach your goal. That holds true from long term investing to day trading.

[@MarshalWagner457]

Yes true, I have been in touch with a brokerage Advisor. With an initial starting reserve of $80k, my advisor chooses the entry and exit commands for my portfolio, which has grown to approximately $550k.

[@RowanBryson]

I’ve been looking to switch to an advisor for a while now. Any help pointing me to who your advisor is?

[@MarshalWagner457]

My CFA “Diana Casteel Lynch” , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.

[@vince9080h]

I searched for her full name online, found her page, and sent an email to schedule a meeting. Hopefully, she responds soon. Thank you.

[@DannyMexen9]

I’m at $3000. Still going.

[@Valkyrieonethree]

Keep going!

[@supercaptainbatdoggy]

I got $1500. Everyone finishes the race at their own pace.

[@jayocean4724]

I'm proud of you! Keep Saving 🎉

[@carbon20xide]

Keep going

[@EddStaceyy]

@@supercaptainbatdoggyI’m at $2 🔥🔥

[@sergiovasquez1893]

Saved my first 10k in 2023. Now my networth is 31k :) I’m 23 and make 50k a year as a forklift driver. I work a lot of OT and save as much as I can. I’ve also been pretty fortunate with my investments.

[@Chris-on5bt]

Dude, you are ballin. Keep building those assets and one day your money is going to work harder than you do! I wish I had 31K at 23. For perspective I probably had around $15k at 23 and now at almost 29 I have $115K in net assets. So if you keep on the course you are on you will 10% of your way to a millionaire before you are 30!

[@T800-91]

Bruh where can i apply for a good forklift job..?

[@mvloz113]

Very similar situation as you, 65k invested now as I've been doing it for 4 years but my first job I did forklift, hit 10k in mid 2021 and because of the bull run saw it run up to 20k around August that same year. As a kid who literally had maybe 2k starting in 2020 I felt rich! After that nothing was the same, and I focused on investing as much as I could. I've had 3 jobs since then and most only payed a little over $20 an hour.

[@EpicxEvolution]

I'm 26, at 112k net worth. About 20k of that is a dumb retirement plan I shouldn't have done, 77k is invested on my own, 16k liquid.

[@michi-bi]

Do you put money in retirement?

[@Mister_Know_Name]

I told myself when I get 10k I'll get tattoos from a prestigious artist. I hit 10k and said "20k is just 10k away." I hit 20k and thought "20k is close to 50k." I hit 100k and bought a house. I never got the tattoos.

[@nsmkiddnls4042]

This is the one

[@Nick-nv1mk]

How long did that take? Did you have any investments?

[@dymos7750]

100k for a house? Where ?

[@doublenickel1000]

Sounds like you dodged a bullet😁

[@TimLesky-b1z]

@@Nick-nv1mk After meeting with this financial advisor in 2019 my financial life changed, I've experimented with a few over the past years, but I'm stuck with ‘’Ryan williams” for about five years now, i just sit back and watch the whole thing grow itself as i get rewards, and other benefits that just get all sumed up in my available balance. I advise you all to go look him up. Look him up in my bio

[@johnl9135]

It's true for me, when I'd saved my first $10k. It empower me to keep on saving and now that is all I can think about everyday how much I can save.

[@mingushill8416]

I’m at 70k $ just by saving, on decade almost of saving…and like 3 years thinking how to invest my money 😅

[@VincentChan]

that's amazing john, so happy for you

[@stevengonzales9870]

I saved my first 10k and then my basement flooded and my car completed broke and then mt family got 8k in medical expenses and now Im back to square one lol

[@V.13-m5h]

@@stevengonzales9870 that’s a lot. But I’m sure you will be able to get there again sooner rather than later 👊🏼👊🏼

[@Gainjey]

idk man, so much more important things to think about everyday

[@ashtonduran3391]

Im at 3k right moving back to the U.S. in 2 weeks. Got a new job starting at 95k. I can finally put my life on a good trajectory. Thank you Lord

[@LisaBre]

Congratulations that’s awesome!!

[@nickteutsch3850]

Praise God!!

[@okki810]

good luck!!

[@kazuyayamamoto7944]

Amen, wish you the best brother!

[@foodlover8151]

This is so true. Telling a newly college graduate to concentrate on saving $10k is much more realistic than to say try to build wealth. Your videos are always helpful.

[@CraigHarris-n6d]

This is absolutely true. Felt like forever to get to 10k. Took me no time to get up to 40k. Paid off my truck and other important bill i need to pay for which took me down to 18k again. Already back to 25k in a few months. I advice you all to get financial expert like Ryan who help you build wealth and share with you other Benefits. i met him 7 years ago and never regret meeting him. Check in my bio for more information about him and thank me later.

[@RebeccaJesse]

This is absolutely true. Felt like forever to get to 10k. Took me no time to get up to 40k. Paid off my truck and other important bill i need to pay for which took me down to 18k again. Already back to 25k in a few months. I advice you all to get financial expert like Ryan who help you build wealth and share with you other Benefits. i met him 7 years ago and never regret meeting him. Check in my bio for more information about him and thank me later.

[@javonicasapp1203]

Ive been walking on eggs shells aka paycheck to paycheck since 18 years. 1 year ago at the age of 37 i decided to cutback spending. I reached 10k in savings in June, currently at around $11,150. I didn't realize how the average American didn't have much saved. My stress level has taken a nose dive since saving 10k. Trust me once you reach it, its a game changer

[@SamLee-e3b]

Once you hit that first 100 grand you really do feel relaxed 😎

[@brrbigbrrr8500]

@@SamLee-e3bi dont feel relaxed at all 😵‍💫😵‍💫

[@SamLee-e3b]

@@brrbigbrrr8500 you gotta get the first 100 in. You HAVE to after that you can start to focus on other areas if you want.

[@ithought_so6438]

@@brrbigbrrr8500 Thats cuz your eye is on that million boi

[@YesIHaveManyProblemsThanks]

@@SamLee-e3b I felt accomplished but not relaxed because 100K isnt that much money at least where I live. I need to move to a cheaper state and actually have a chance of owning a house

[@PaulineLazareva]

People say 'Master of Digital Business' was banned on multiple platforms for revealing too much about easy online income. The author has gone missing, but the book is still on Borlest

[@HosseyNJF]

Bro really forgot to buy comments

[@UlexBoi]

​@@HosseyNJFhahahaha

[@andypadova]

To invest in alternative revenue streams that are independent of the government should be the top priority for everyone right now. particularly in light of the global economic crisis that is currently occurring. Investing in a variety of stocks, gold, silver, and digital currencies is still wise at this time.

[@theTeslaking]

Big moving stocks are not the secret to large profits. It involves controlling risk in relation to reward. Wearing the appropriate size and twisting your edge as often as required can help you achieve your objective. This is true for both day trading and long-term investing.

[@JosephMartin7226]

It's true that I've communicated with a broking advisor. My adviser selects the entry and exit commands for my portfolio, which has increased to about $550k from an initial starting reserve of $80k.

[@kristianmyers53]

For some time now, I've been considering switching to an advisor. Could you please tell me who your advisor is?

[@JosephMartin7226]

My CFA “Sharon Ann Meny”, a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.

[@kristianmyers53]

I searched for her full name online, found her page, and sent an email to schedule a meeting. Hopefully, she responds soon. Thank you.

[@P4c0x24x]

Hit my first 10k 3 years ago. Jump to 40k. Then used that money to buy stock, S&P500 started a side business with $10k, and I used the remainder in high-yield saving accounts.

[@jarodarmstrong509]

This is absolutely true. In 2016 I was homeless for a few months and by the end of 2017 I was stable with about $6k saved due to some remarkable coincidences. The difference in how I felt was unfathomable.

[@jragon355]

I remember when my bank account hit $10k for the first time. I called my mom to share the news because I was so proud. It really did produce a big mental shift.

[@anthonydoyle72]

One big part is "your new zero". When i first hit 1k i never wanted to be below that again. Hitting 10k does the same. Youll stop hitting zero as you want to avoid feeling broke. But now if you hit zero from a big expence you dont take on debt, you just lose your savings which inflation was eating anyway

[@bijoybiha342]

there's a book called whispers of manifestation on borlest , and it talks about how using some secret tehniques you can attract almost everything in life it's not some bullshit law of attraction, it's the real deal

[@freddiepiras391]

Where can you find it?

[@dorothyweller7736]

Nice video the market trends hint at lower prices, but this could also open doors for smart investments. Despite a possible short-term slump, remember the market's long-term potential. Downturns can be entry points for portfolio expansion. Success lies in informed decisions and strategic planning. Thanks to Shea Ardolf’s insights, daily trade signals, and my dedication to learning, I've been increasing my daily earnings. Kudos to the journey ahead!

[@dorothyweller7736]

Shea Ardolf program is widely available online..

[@lucaspaciello866]

Thanks, I just googled her I'm really impressed with her credentials. I reached out to her on the first page as her name showed up since I need all the assistance I can get.

[@normandholland8374]

Nice to see this here..Her expertise in technical analysis and chart interpretation has been instrumental in my trading success. ., she has definitely delivered solutions well above my expectations.

[@alfredjones3984]

Investing in Bitcoin is the wisest asset to be in, not trying to shit on other stocks, it just won’t outperform Bitcoin over pretty much any long time horizon…reality over feelings!!

[@mattdan5238]

The process of trading can be complicated when you have limited knowledge. However, with the right strategy and setups, you can be successful. That's the whole point of investing

[@alexdiaz1492]

I was happy to hit my first 10k last year, im currently sitting at 24k this year. It might be slower growth since I now have my own apartment, but slow and steady (and also aiming for higher wages)

[@Mattshuckphoto]

A mental trick I've used is keeping my checking account within a certain range. If it goes below the target range I do everything I can to cut expenses, and if it goes over it immediately gets invested. The point is to force myself into never being too comfortable. When that surplus always gets invested and you intentionally leave yourself on a tighter budget it's much harder to talk yourself into unnecessary purchases. I also started reoccurring investments and just treat it like another bill. I work as a freelancer btw, so I can have drastically different incomes month to month. This has helped me structure my money and keep me from making dumb decisions after one or two good months.

[@LilGats]

i’m in a lost grey zone, i saved up my first 10k and had it stolen from me by someone i thought was a friend, im still in the process of recovering that damage. i had to move out of my home state to somewhere idk anybody and work a job that paid half of what i used to get paid. i have almost no room to save by the end of the month and it’s now september, and i’ve been applying for jobs since october. some days i feel the motivation and other days it’s hard to see light at the end of the tunnel. i think what’s helped keep my stuff slightly together is my self discipline, there’s not much reward from being able to freely save but i guess i’m not homeless still. i think about it everyday on where i can save and how i can save but by the end of the month it was just to make my bills.. it’s a mental roller coaster

[@ajbello6684]

may god bless you and your path to making that back! Learn from that past experience turn it into a lesson

[@Mr.House.Real.Estate]

dont give up, you can do it again,

[@joyaustin6581]

Sounds like an expensive lesson.

[@almightydamenace9214]

Saved first 10K at 17. Now 21 with 50K saved

[@vicvas7254]

i'm 20

[@juannn6109]

Do you have it a stock market or all in saving

[@TheeElysium]

Any advice on how to make the first 10k? Did you do it with a traditional job ?

[@KreysHealth]

@@TheeElysiumI’m in same position as him yes full time warehouse because I live with my parents

[@Faolan_Grey]

I'm 21 with 68k in investments working for only 3 years at Publix. For the first year I paid no rent then the last 2 years I have paid $700 a month to my dad who takes care of every other bill. This has allowed me to save almost every bit of my money minus the small things I've wanted for myself.

[@TheSilvertrigger]

I like high yeild savings accounts, when you make a few thousand a year in intrest it makes saving 10k very easy!!

[@japolo6388]

This is super true man.. started with 10k for an emergency fund after buying a house. Then we just kept going.. today I’m sitting on 160k that I’m continuing to roll over through hard money lending for flips with a partner. Now that I have momentum I’m making about 7-12k every 5-6 months. Literally the opposite of the debt snowball.. financial momentum is the real deal.

[@Toyotaguy.]

I’m saving $2000 a month right now

[@wiizzard6947]

Same

[@Lampaluile]

We gotta

[@ADude846]

I don't make enough for that but if I do really well with my money I can do 1300-1500 a month. My goals though a little different in that I'm just trying to get my dividend payments to net me 1c an hour. Which isn't much but it's a start. Still conscious of the money saving goals that he mentions here though.

[@aqdadr]

Same here

[@borikero1]

$10,000 is when you really start feeling like your savings and investment strategy is paying off. Every time that number goes up 50% or doubles up, you will get another big dopamine hit. After you hit about 1x to 2x your annual salary in capital you might even have to start forgetting or checking less your accounts or you will lose every drop of motivation you have in your body to work hard 😂😂...that is when you start obsessively dreaming of working part-time, joining quiet-quitting, going for early retirement, and so much more that involves not being the most productive worker out there...just a heads-up. Massive mindset shifts coming with those milestones that you might not even consider possible...for example, money becomes of secondary importance when considering lifestyle choices, it is just not as front-and-center as it was before having that massive financial cushion...also material things sort of lose a bit of shine and hype when you can easily afford them, this also ties up with the mindset shift to less motivation to work hard and chasing endless stacks of money.

[@carolinaherrera9037]

Best comment. You understood it all!

[@taylorscott7914]

Fair outlook this one!

[@MisterUrbanWorld]

A Millionaire acquaintance of mine told me to stop buying so much jewelry, and at least open up my own Jewelry business. Long story short, still don't have the store up, but many jewelry stores online purchase wholesale from me, and I make a living doing that. Prior I ran a cell phone business on ebay that grossed 10k per week and around 400 profit per day, ran a dvd business that did 500/day but Netflix ended that for me long long ago, Lol. I started all of these businesses with $0-$100

[@jackie812001]

You should have bought shares in Netflix back then.

[@susannachua7305]

You are a born entrepreneur!!

[@MisterUrbanWorld]

@@susannachua7305 I believe we all are, just have to figure a way to capitalize on it, if that's your goal. Right now i'm already thinking of a plan for the holiday season.

[@MisterUrbanWorld]

@@jackie812001 I wish. Stocks weren't in my radar back in the day, and didn't even know how to invest. Now it's too easy to buy shares of companies with a simple app. Times have changed.

[@tulip5210]

can you explain more details on how you go about selling wholesale?

[@rgrobinsonxoxo]

I’m at 10k but working on paying off a debt before I really start investing and saving even more , thanks for this video!

[@OurRetireEarlyJourney]

First $10k, then $100k, $250k, $500k then $1M. It’s all about leveling up! It’s 100% possible to do this. We have reached Coast FIRE and only a few years away from full Fire now.

[@gillm12]

I can't wait to retire, but far from it at 36.

[@LittleFlame93]

OMG! i never thought of this but guys this is real. I 100% remember after hitting 10k it got so much easier to add to that pile rather than take from it. Thanks for sharing Vincent Chan. It really did change things for me and I'm slowly trying to grow it more. the first 2 years I hit 11k - the third year I hit 50k.

[@johnchan9392]

It’s similar with pricing, they all usually end with .99 or .95. That HD TV cost 999.99 vs 1000.00 will get people’s psychology mindset towards yes. Great video! 👍

[@VincentChan]

exactly! did you learn anything new from the video?

[@johnchan9392]

@@VincentChan - it’s a refresher video.

[@NashTheo]

You should be saying “invest” instead of “save”. Savings assumes someone is putting that money in some type of savings account which does not have the type of returns highlighted in the video.

[@jwat3217]

You could make your own videos instead of complaining. Everyone’s path is different.

[@NashTheo]

⁠​⁠@@jwat3217Constructive criticism is considered complaining now? Also, your point has nothing to do with the specific point in the video that I am criticizing. Perhaps you should enroll back in school?

[@PATRIOT-Canada]

You gotta save & invest at same time. Life isnt all about investing in markets

[@Andrew-it7fb]

It doesn't assume anything. You assumed that.

[@NashTheo]

@@Andrew-it7fb go back to school because you clearly never learned to pay attention.

[@Lionadmike]

Unfortunately, not all of us were financially literate early. I was 35 when I finally educated myself and started taking steps. I went from $176,000 in debt with zero savings or retirement to now, 2 years later, fully debt-free and over $1000,000 net worth. I know that doesn't SOUND like a lot, but I'm incredibly proud of it. Now I'm fast-tracking my wealth building (investing $400,000 annually) and don't owe a dime to anyone. It's a good feeling!

[@viv7810]

How you’d do it? I have $40k in debt with minimal savings?

[@stellaanony3020]

First of, great job! But I do have to say that having $1000,000 "doesn't sound like a lot" is actually quite the opposite. Investing $400,000 per year is impossible for most people, but hey, good for you man! I wish I could invest that much. I'm just tackling my student loans while also putting money in my emergency fund.

[@johnandlukestube6405]

YMAX has a 43% dividend, pays monthly and is highly diversified. YMAX is a Yieldmax ETF

[@Blackbeard_yonko]

That's totally a great thing that not a lot of people, myself included, can't legitimately claim

[@tulip5210]

wait how did you earn the money to pay all of that?

[@Jack_Clemans]

Nice video! Same logic and math as the $100k rule we hear all the time, but much more approachable and attainable. I like it! Keep up the good work :)

[@VincentChan]

thank jack appreciate it

[@CordellBubba]

That’s how I set goals for myself, completely small goals adds up, definitely works

[@Narwaro]

There is another important component to why your returns are higher when you have more liquidity: You can take advantage of a very good value offer that pops up: A machine for your business for sale, a cheap investment property, a stock crash. To a penniless investor, missing out because you cant afford anything right now is opportunity cost.

[@k1gamer]

I'm a little confused on Reason 4. While I understand the greater reward I don't think I understand How its a lower risk. If I invest $10 and the market downturns I can at max loose $10 if im simply buying stocks and funds. But if I invest $10,000 and the market downturns I can at max loose $10,000. So isn't the risk also growing proportionally to the return.

[@subspace666]

yea that part makes no sense. not sure if he made a mistake or something, only thing i could think of being higher risk is wasting your time and energy in setting up a 10$ investment.

[@TheMarioMen1]

Really like the emphasis on Psychology and how fundamental that is to investing, probably more so than “understanding the numbers” or how stocks work. Also saw $10k & quickly became $20k cause I was deployed & got a ton of tax free, it was awesome

[@Eraeraeric]

19 years old and I just reached my first £10,000 I currently have 2 investments (ISA + Premium Bonds) which i'm planning on diversifying soon!

[@DewyTrent]

Man I’ve been trying to save up to 10k but everytime a new semester rolls around, that private institution tuition drains my bank account

[@johnplg2586]

I’m 23 & I hit my first $10k last month while only making $39k/year within 6 months (aggressively saved). Im desperately looking for ways to increase my income but finally hitting the $10k goal is very moving & inspiring. What are some ways I can save more in a faster time frame??

[@juancmr47]

You can try opening a CD account. But if you have capital one,save that money on a performance savings account as you will gain up to 4.25% interest a year and you can take or add money out of there whenever.

[@gillm12]

Put the 10k into a high yield savings. Start investing at your current savings rate in index funds/etf's

[@gleilenerodrigues20]

My advice to new investors: Buy good companies stocks and hold them as long as they are good companies. Just do this and ignore the forecasts and market views which are at best entertaining but completely useless

[@Tren.T]

Tesla?

[@gleilenerodrigues20]

I had my share of ups and downs when I first started looking for a consistent passive income so I hired an expert advisor for aid, and following her advice, I poured some money in value stocks and digital asset, i accrued over $80K in dividends last year

[@derradfahrer5029]

After 10 000 in my bank account, all of a sudden, my bank took notice. Tried to "advice" me on possible investments they offer. Too bad for them that those 10k are my emergency fund.

[@michi-bi]

put your money in a high yield savings account

[@movieclipsforthevibes]

Halfway there, 5 saved, 5 invested. Had absolutely nothing in April of this year.

[@patrickanderson468]

Technical analysis is a crucial part of understanding market trends, especially in the dynamic world of cryptocurrencies. Historically, Bitcoin (BTC) has experienced significant corrections, often around 30% or more, This pattern offers a valuable insight for strategic planning. Despite these trends, BTC is showing promising signs, potentially breaking through the 60k mark, demonstrating its resilience and potential for growth. While there are external factors, like ETFs, that could influence the market, these elements add to the dynamic nature of crypto....At the heart of this evolution is Aldona Šabanienė, whose deep understanding of both cryptocurrency and traditional trading has been instrumental. Her holistic approach to investment and commitment to staying abreast of market trends make her an invaluable ally in navigating this new era in cryptocurrency investment.

[@patrickanderson468]

She mostly interacts on Telegrams, using the user-name.

[@patrickanderson468]

@AldonaSabaniene.

[@Greennomad2024]

The market has gone berserk! whether you're a newbie or a veteran trader, everyone needs a sort of coach at some point to thrive forward.

[@markvanbeek33]

Nice info, i appreciate your concern this will help a lot especially to the young investors who have no or lesser knowledge on how the market works.

[@darrenwhite52]

The current market conditions can be tricky, but having a professional crypto expert ensures that you stay informed and make decisions based on data rather than emotions.

[@aldolozano9296]

Saving and investing is really important and this video is really good and will inspired a lot of people. However, i feel like its really important to mention something that a lot of banks and savings motivation videos fail to mention, and that is that inflation takes a huge negative impact in the overall interest return that investments or savings could benefit you. Taking the example of the video, where a 10% interest return per year is mentioned (without considering the risks), is important to consider that you're not actually gaining 10% over your investments or savings. For instance, using the approximate devaluation of the us dollar from 2023 to 2024, which is of 4.5%, you will be actually only making 3.5% in real terms in your investments or savings. So even if you achieve the goal of 10k in 8 years, it will be actually worth $7,495 now, this calculation was made by using approximate inflation rates for each year from the last 8 years. Again, I really liked the video, it’s really good and will help so much people, but I felt that its important to mention this.

[@mauriciocarrillo418]

You transition into your ads/promotions very smoothly. Nice job

[@yuckyool]

I'd say $100,000 as a big vacation or buying a car puts a dent in $10K and $100,000 makes those seem like less of a hit.

[@UTP504]

Right, definitely less of a hit.

[@jochenkraus7016]

That's not wrong but I think that misses the point. Imagine that hit with no savings :-o

[@KBWFreedomthrurealestate]

Good teaching. Mindset change is key to even saving $10K or $20K.

[@damiangallopadrondecastill1654]

im at 413k not too bad soon hitting the 500k mark in 2 years

[@TexasAristocrat]

I broke my first 10k this year, next short term goal is 25k

[@Hygfhhjjjiiii]

I'm 19 and got my first 10k saved up. From there it's been pretty quick and almost hitting 20k with half a year. The mindset shift a little which present me from spending on useless stuff and start to invest.

[@Coolgiy67]

23 just graduated 6 months ago 15k cash, 13k Roth IRA (internship money+7k this year+ growth), ~2k 401k, 0 debt and living at home with parents. Life is good! Alhamdillah.

[@kentcassidy7116]

Reason 4: Your risk grows in proportion to the amount you put in

[@Silidons91]

Just keep going. I started with my Roth IRA in 2017. I have maxed it out every year. It's now at $80,000. I'm 32 currently. Don't try to do it all at once, I just kept putting it away every month - and kept increasing it ever year as I got raises.

[@soo__Suave]

I was given 30k but I have self control and discipline. Been adding to it for a while now.

[@kaimulai5178]

I appreciate this video, as an important supplement to the $100,000 video

[@VincentChan]

100%! did you learn anything new from the video?

[@Ana-el3gk]

I’m good at saving, but my husband been taking my savings three times already 33K, 10k, 28k 😢😢😢

[@gellirollz]

The intro had me hooked in!! I never thought of it this way Thank you

[@jonathansteffen9275]

How is the risk of investing 10$ the same as the risk of investing 10000$

[@brianschanne6941]

Love how you took the 100k that everyone does and made it more reasonable for most Americans

[@TilSchweiger-i3f]

I feel investors should be focusing on under the radar stocks, and considering the current rollercoaster nature of the stock market, because 35% of my $175k portfolio comprises of plummeting stocks which were once revered and I don't know where to go here out of devastation.

[@zedxproject6297]

I hit 10k a year ago in 6 months and was so proud went through hell but did it and then ended up spending it on myself and my patents now restarting with way lower income and way more bills idk if i could even do it in 2 years

[@markarmenta2304]

Would you put this into a savings account or an investment account such as investing into the s&p

[@ReadyReddie]

My father told me a very similar thing. I used this advice and saved up 58,000 dollars. I then used almost all of it as a down payment on a property. (2 days ago from when posted) Being 26 this really helps set up my future and with discipline I learned from saving I know I can do it again! I’m an open book if anyone has questions on how I did it let me know!

[@ChadStar_HipHop]

When your referring to the 10% return in the stock market are you referring to domestic stock or another form of investing?

[@ElisaLaurent-yu6tp]

Nothing beats the involvement of an expert in any business, trade or investment, selfishness and greed held many back and they ended up suffering huge losses, and the crypto market- Currencies are no exception.

[@EdwardMcCullen-hu5wb]

I agree because most people I know complain about losses due to poor market analysis and recent bear market situations

[@Shyannebrown-sr8uw]

Which professional would you recommend? I'm new to the world of cryptocurrency and I really need an expert to guide me.

[@ElisaLaurent-yu6tp]

I work with Christopher Scott after meeting him in an interview on CNBC.

[@ElisaLaurent-yu6tp]

Instagram***

[@ElisaLaurent-yu6tp]

CHRISTOPHER SCOTT TRADING

[@DiezCallejeros]

I was able to save 100k, got a house and was left with 75k. Thing is i have no idea where to invest, work got slow and money went down. Im down at 25k in savings and 30k cash i have no idea where to invest im lost.

[@dan7eiscool]

My strategy for saving money is i have 2 accounts. I set a minor goal like $1k to reach for the first account and once i reach that goal i get that satisfaction of reaching a goal. after i reach the goal i move the money from the first account into a second one. :)

[@dk-ku4tc]

You are probably missing the “don’t make the same video 10,000 times rule”

[@TrailnTriggerTV]

This is absolutely true. Felt like forever to get to 10k. Took me no time to get up to 20k. Paid off my truck which took me down to 10k again. Already back to 13k in a few months.

[@GraysonNathan-v8y]

As an lnvesting enthusiast, I often wonder how top level investors are able to become millionaires off investing. . I’ve been sitting on over $545K equity from a home sale and I’m not sure where to go from here, is it a good time to buy into stocks or do I wait for another opportunity?.

[@AbigailOliviaq4l]

Well as you know bigger risk, bigger results, but such impeccable high-value trades are often carried out by pros.

[@LoganGabriel6m]

People dismiss the importance of advisors until they are burned by their own emotions. I remember a couple of summers ago, following my lengthy divorce, I needed a good boost to assist my business stay alive, so I looked for qualified consultants and came across someone with the highest qualifications. She has helped me raise my reserve from $275k to $850k, despite inflation.

[@SophiaChloé6f]

How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?

[@LoganGabriel6m]

NICOLE ANASTASIA PLUMLEE is her name. She is regarded as a genius in her area and works for Empower Financial Services. She’s quite known in her field, look-her up.

[@SophiaChloé6f]

Thank you for this amazing tip. I just looked the name up and wrote her.

[@Luckyman8943]

Currently 26 - have student loan debt but with that factored in have a net worth of 85k - working 60+ hr weeks managed to also save up 40k In cash for a home purchase just gotta stay on the grind to 100k

[@FullyBaked3D]

9:39 great advice everyone should know.

[@MichaelBailee]

Nearly made millions by investing 1K last year but I didn't buy the dip I had the good fortune of seeing, in part, due to thinking I might need the money for an emergency. Dip was actually in a project I believed in long-term that looks on track to making millions with the position I already have in it. But the point here is that opportunities are out there if one saves up and looks around (brain frying as research may feel).

[@doritogomez]

true, I started thinking how I could make the most of it so that I could keep that amount instead of spending it waaoo

[@ReBEL_YTube]

I’m 18, with 20000 in saving and 10000-20000 in investments where I have a financial advisor watching over it. My technique was simple, just don’t spend. Spend as little as you can, but remember to enjoy life and spoil yourself once in awhile. I believe in everyone here, enjoy you life’s.

[@E9EXPO]

Just save 3k, take it to Vegas and win roulette 2:1 twice. Wuala 12k

[@xbebe]

I’m at 40k, my girl at 30k, both 27. Can’t wait to buy a house next year. Keep going boys, it’s definitely possible

[@SaltyJuan]

Business doing 10k/month at the moment ontop of my job. It’s taught me ham to spend money to make money, rather than save. Taking risks has been the best thing I’ve ever done.

[@Stiffs1121]

I saved 10k at 19but got into a roofing business with a friend and it all went down hill I had to go through my savings but now I’m making over 40 an hour at 20 so I’m re starting this video gave me a boost. Thanks

[@GarrettTaira]

Massage chair is the gift that keeps on giving - A 45 min massage is like 80 bucks plus tip - let’s say 100 Massage chair probably 1k You just have to use the chair everyday after work for a year and the price per massage is $2.70 if you us it more than an 45min it’s even less. Causing less mental and emotional stress to help you start living happier thinking more clearly and in turn making smarter financial decisions. Seems worth it to me. Lol love the video keep up the good work

[@spenceryelinek4313]

I invested 10% of my income and in 2 years I was at $20k. I upped contribution to 15% and in just a year Im at $31k. My employer also contributed 3%. Im also debt-free excluding my mortgage. If I can do it, you guys can do it! Nose to the grindstone fellas!

[@bkswagg69]

So sick of the ads on this podcast. And so sick of Shopify

[@Lukorax1]

4:09 Murphy’s Law: Anything that can happen will happen

[@mirkosprangers5879]

Thanks for the vid, will definitely share this one with my sister, since she is in the early ages of financial proficiency. Just a small pointer: Murphy's law actually states: Whatever can happen will happen. This includes a secuence of negative events, but it applies to a series of positie events just as well. 😊

[@colinlynch6491]

I was starting on investing to get my first 10k, but had an emergency in june, and im working on saving my emergency fund before i start investing again.

[@danielfarmer6062]

18 and I've saved 10k just now and net worth of about 35k. Working hard at swing trading and working as a stage hand at my local theater to get to 100k.

[@babyaintmoe]

I think these days it rather is the 20k rule, considering inflation and such. But I get the idea. It's a great concept!

[@juhjuhjuhjuhjuh]

Can someone explain the unfair risk to reward ratio? It sounds like you have the same risk to reward ratio no matter where you start

[@kevinlandrini6799]

I managed to save 25k during my undergrad. Now i worked a bit and im doing my masters and have 45k saved. Im hoping the investments stay strong and hopegully can get to 60k saved in a bit...as you said now 100k doesnt seem so impossible

[@ShugGmail]

For me it was 1k, 2.5k, 5k, 10k, 12.5k

[@Wandderer]

Nice starter vid. Fully appreciated

[@matteoprada5851]

Brother here inn italy an engineer takes 1800€ a month before taxes, please

[@aknorth1053]

I absolutly agree on the small goals. When saving for retirement I found it helpful to break the lump sum into chunks using my personal budget so for example say hulu is 20 bucks so 240 a year so if I save $6000 dollars (using 4% rule) That is much easier to do that save 1million+ which seems unattainable. Do this for all your typical expenses and arrange from smallest to largest

[@jesse291]

Well if you invest 10000 dollars you risk losing 10000, if you only invest 10 dollars you can only lose 10. This is a huge difference. The unfair ratio comes in when you look at the percentages, risking 10% of your savings for 1 dollar potential? Or do you have 1000 dollar potential when investing 10%?

[@jordansullivan3697]

I work full time and did side hustles and doing great. I got to my first 10k, then in a little over a year it jumped from 10-20-30. Then…. I purchased a house, then a toy, and reinvested more in myself. I’m now below my first goal of 10k. But hoping the investments I’ve made over the summer will be able to get me to around the 20k ish range again before spring this year.

[@fitforfreelance]

That health is crucial to enjoying your work and the money you make

[@fitforfreelance]

@VicenntChan 🚨stranger danger 🚨 ol freaky ahh

[@popurm]

Excellent video, Vincent. Relatable, actionable, effective

[@brendachan6030]

Very inspiring & motivating! Thank you Vincent!