Wanna be the FIRST MILLIONAIRE in your family? How many of these steps have you done?

[@caseybills5517]

One lesson I've learnt from billionaires is to always put your money to work, and diversifying your investments. I'm planning to invest about $30k of my savings in stocks this year, and I hope I make profits.

[@LiaStrings]

You are right. The best approach I feel is to diversify investments- by spreading investments across different asset classes like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown.

[@JamesLongman-v5r]

That makes sense. I’ve been using a financial market expert for two years now and I own a six-figure diversified portfolio from investing in stocks. I want to diversify more this year, though.

[@Wellerpage]

My portfolio has been in the gutter for the entire year, so I started researching new ways to profit in the market, but everything I tried just seemed to miss the mark. Please let us know the name of your financial advisor.

[@JamesLongman-v5r]

There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Sonya Lee Mitchell’’ for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.

[@crystalcassandra5597]

I have googled her and she has impressive credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.

[@serenainavan]

*slowly puts clothes back on*

[@b.dailey3180]

🤣🤣🤣

[@MsRapture16]

😅😅😅😅😅

[@kiaracouch9315]

🤣😂🤣😂🤣😂😭😭😭😭

[@muhumuzabernadette1122]

If its not me😂😂😂

[@OSS-bf4qv]

😂😂😂

[@ChristopherAbelman]

I like investing in close-end funds that pay monthly dividends. The trick is to hold long term and reinvest the monthly dividends plus buy more shares on a monthly basis or whenever you can afford to. This can be easily done because close-end funds are bought and sold on the stock market just like regular stock. That’d be enough to create a portfolio that would pay you between $50k to $70k in dividend income

[@JosephineKenney]

Just because there are opportunities in the market doesn’t mean you should go in blindly. To understand the potential factors that contribute to your financial growth, I'll advise you to seek the help of a professional

[@PennyBergeron-os4ch]

I agree; I have approximately $1m in external retirement funds. I am debt free and have very little money in retirement funds compared to the total value of my portfolio over the past three years. To be honest, having a portfolio-advisor for investing is genius!

[@HildaBennet]

I find your situation fascinating. Would you be willing to suggest a trusted advisor you've worked with?

[@PennyBergeron-os4ch]

Her name is “Sonya Lee Mitchell” can't divulge much. Most likely, the internet should have her basic info, you can research if you like

[@HildaBennet]

I have googled her and she has impressive credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.

[@sharonloves]

Girl, that was the funniest opening line ever. Agreed, I’m doing all of that, zero debt, house and car paid in full, maxing out retirement accounts and high yield savings accounts doing lovely. 😘😘😘

[@NoRockinMansLand]

Stripping?

[@BetterDays2004]

@@NoRockinMansLanddefinitely stripping

[@jordyt1109]

Either you live in the ghetto while driving a hoopty (but have a good paying job), or you're rich and/or have wealthy family/connections. Otherwise, it is nearly impossible to he in that position unless you're like on your 40s or 50s and had time to pay everything off.

[@kristinabc1143]

Same, plus invested in land in 1999, worked my ass off to pay it off in only 13 years … now just waiting until I’m a wee bit closer to retirement before selling 💰

[@rjbennett3418]

Yep. I'm looking for a 99yr old with a trust fund, no family and a heart condition.

[@mkelly9221]

😂😂😂

[@Danni-8890]

This is the way 😂

[@Kelly_Ben]

And then strip?? 😂😂

[@rjbennett3418]

@@Kelly_Ben Nope. Get married in a cemetery, they've already got the flowers, next to an open grave, so the ring can be the thing that tips her over, by a judge, so we can read the will right after the wedding.

[@rebeccagutierrez8170]

Remember Anna Nicole Smith 😮

[@jengamboa4958]

I'm doing all of these. No debt except my mortgage. 20% into retirement and I save $1000 a month in a high yield account. BUT I'm 56 and my retirement is wayyyyyy behind.

[@sudheshnam]

When did you start

[@jengamboa4958]

Less than 10 years ago. I was always paycheck to paycheck when my kids were little

[@sudheshnam]

@@jengamboa4958 what about before kids

[@Abii140]

​@@jengamboa4958I hope everything works out for you!!

[@oliverbenton7464]

@@jengamboa4958 better later then never. There are plenty of people who won't wake up to reality until their last paycheck and end up with no retirement savings unfortunately

[@Kitkat_bar]

Okay so making money only applies to people who already have money got it I’m screwed

[@kentheengineer592]

3 Options Issue Money Buy Money Partner With Owner Plain Simple Eazy

[@VBoo459]

...I mean, obviously?....

[@Kelly_Ben]

Not at all. I was divorced, walked away with a boatload of credit card debt (30k+), lost my house and my credit score... I lived very frugally, worked OT, and put $10-20 a month into investments using the Stash app. (Starting amount $5, and simple articles/ options for those of us who don't have a clue.) When I got any tax returns, OT etc, half would go right into stash. That was while struggling, paying down debt. My credit score went up, as my debt went down, and I refinanced into a lower rate loan. Life became WAY easier after that, but it took 2-3 years of tight budgets and extra OT. Totally worth it!!

[@Firemedic2105]

I AM the first millionaire in my family... it just took 45 yrs bc I did it mostly by OT and being frugal.... 💯 wish I got into the markets sooner!!!

[@miaandsonnavigatinglife4596]

🔥

[@xeechav4538]

Do you mean markets in general? Or day trading? Or investing savings into markets for retirement?

[@Firemedic2105]

@@xeechav4538 yes.... long term investments and also I have dabbled in day trading some as a way to learn charts, technical analysis, etc bc I knew nothing at all prior to that.

[@arianabaker8020]

​@@xeechav4538I'd assume things like the s and p 500 and/or mutual funds

[@beesonpetals7154]

What I struggle with is wanting more income but not the workload or hours or responsibilities that come with it. Working 8+ hours a day 5 days a week can get tiring so quickly before you realize where is all that time going? I’m getting older and working more but actually living? It’s more like living to get ready for the next work day. I don’t know… maybe I will want higher income with the responsibilities as I get older in my 30s… another struggle I face is being labeled as lacking ambition and drive as a professional… isn’t it ambitious enough that I want to make it in this capitalist system no matter how exhausting and draining it is?! It’s not ambitious or cool when I bring work to my home and answer calls or emails late or super early or not have a set start and end time to my work day or work through a lunch break. All of that screams burnout. I wish there was more balance… I wish all jobs paid at least $30/hour and we had 4-day workweeks. And more PTO and vacation time to actually LIVE and ENJOY life.

[@movievisionarena3771]

I've done all this! Thanks for the confirmation that I'm on the right track Rich BFF!

[@Doodlebug_drawing]

I cant believe i never thought about maximizing income rather than minimizing expenses?!?!? Thats AMAZING!!!! THANKS GIRLIE!

[@sammychem5920]

Vivian, thank you for all your tips! Please do more videos on IRAs, 401Ks.

[@thequietcici]

I second this!!

[@nikeolowo1514]

You might want to think of Roth IRA. It's way better and safe than traditional IRA and 401k

[@cometasporelcielo]

done on all these steps! millionaire this year!

[@alisong7120]

I mean she's not wrong, strip for a few months and you can jump start some of the steps listed 😂 I have a teen and a toddler. I'm explaining generational wealth to my teen and the steps I'm taking now to help her jump start her future as soon as she turns 18. I grew up poor but managed to do ok for myself as a single adult. Both kids are authorized users for credit cards as their ages allow so that way by 18 they will leap start with credit scores. I've explained to my teen that staying home when she's an adult and having a job will make her life less stressful so that way she can put money in places for her instead of towards someone else. I don't have anyone to help me so I'm making sure my kids get off to a better start with financial knowledge than i had so that if they decide to have families they can begin generational wealth.

[@22Sunflower222]

❤❤❤

[@StarsStars714]

Absolutely love it, you and all your content too.

[@Emily-jw1wj]

I just bought your book, Rich AF. I have already started the S. You rock

[@homiekeen23]

The income one is definitely the first step , still working on that one! 💪

[@miaandsonnavigatinglife4596]

I walked into my company with the goal of a promotion every year. First one at 7 months. By the 3 year mark 3 promotions. Averaging an increase of 6, 000 a year. No degree xxx, xxx. I hope this encourages someone to bet on themselves and their soft skills.

[@stacylynn5291]

Can I ask what field you're in?

[@miaandsonnavigatinglife4596]

@@stacylynn5291 I got a certification as pharmacy technician. I built off that knowledge by learning EVERYONE's job lol. You only need a degree for executive leadership and as a pharmacists. Other than you can learn anything. I spent years training and getting people promotions. I want to see everyone win. Feel free to ask many questions or even your skills and I can help point you in the right direction. No cost just love sharing knowledge.

[@miaandsonnavigatinglife4596]

@@stacylynn5291 pharmacy technician

[@freeinghumanitynow]

The problem is not many employers are willing to fairly promote all employees. That's one reason I promote civil service positions. Many of these positions are highly paid, collectively bargained jobs with guaranteed promotional tracks.

[@sanazlol7433]

Problem is that I can’t even get a job being halfway through my undergrad with lots of volunteering, some research and a customer service job that I used to do before the pandemic :( resume looks good, cover letters are good but the job market is so horrible where I live that I just can’t seem to get any roles. I’ve called and handed my resume in person too but still haven’t gotten a single interview.

[@its.just.connie_3]

I wish I can put all that money in the bank & just pay off all my debt as ready as you say it. I'm trying girl

[@braxsensindelar1910]

I believe in you ❤🌹

[@gabriel.c.gardner]

You got this!!! But pay off debt first instead, bc the interest on most is double or triple what you'd make on anY FDIC

[@also3254]

Jeez. Love this!! Thanks for sharing!!

[@ryanc4185]

Also, when it comes to saving, especially for retirement, its better to do less than you hoped than nothing at all.

[@sylmen1111]

Im not doing anything but im highly inspired to do it, thank you 💖🙏💯

[@justanotherjessica]

The only thing I'm still working on is getting that 3-6 months of savings. I have some savings but not quite that much. I've been prioritizing retirement savings. I'm a bit "behind" since I didn't get my first full time job until I was 28 (long story) but I have just over 1 year of gross income in my retirement accounts (mostly in Roth IRA, rest in 401K - just enough to get the match) 8 years later! The only debt I have is my car but I only owe $3k on that and once that is paid off the monthly payment will go into a car replacement fund because I never want a car payment again. I grew up in poverty and really struggled to figure out finances as an adult but I finally feel like I'm getting somewhere and I feel like I WILL reach retirement as a millionaire unless I die before I get there.

[@psfca]

Financial advice and makeup tutorial combined, nicely done 😊

[@donb2527]

To be fair this is probably the best advice for anyone not wanting to put 10s of thousands of hours studying the stock market, it’s never gonna make you rich quick but following this advice it will get you there safely.

[@natk1105]

Definitely agree that increasing income is a lot better than decreasing expenses. I've managed to double my income in 6 years through a combination of job changes, promotions/raises and (most significantly) a change of industry. It was a bit of a wild ride with some stressful situations, but I love my current job and am very happy where I ended up.

[@J.A.00]

Which field are you currently working in?

[@freeinghumanitynow]

👍 I'm currently contemplating changing careers as well. I got very ill (kidney failure) and had to go on FMLA and now my employer won't let me come back. I got approved for Disability but it doesn't start until the end of the year so I'm kind of in limbo. I still have my job but they won't let me work.

[@priestesslucy]

Both is good. Slashing expenses especially early on helps train you so you don't suffer lifestyle creep as your income rises.

[@user-fd6oh2qo5m]

I wish someone can guide me with these stuff like this for Singapore. I wan to the tiny details like this to make life easier.

[@AshDens2994]

I did debt lowest to highest. Snowball effect. Ramsey solutions is a great financial advisor.

[@Lea23477]

This is also what Dave Ramsey says. Awesome! Totally agree.

[@WendyH10]

I’m obsessed with saving. Thank you.

[@robbyrucker140]

She is dead on. Some of the best basic info.

[@michellelee5538]

ALWAYS….Great Advice 🙌🏾

[@iknowchristalena]

Stripping is easier then becoming a millionaire on unemployment.

[@ritamartin9699]

Thanks Viv 👏🏽💓

[@H.Michele]

I’m 44 with no retirement. I was a SAHM my whole adult life until my recent divorce. I recently started a business. I have no clue how to start a retirement fund or if it’s too late.

[@Kay-kg6ny]

If you're running your own business you might be able to start a solo 401k, and the good news is that the overall contribution limit for that is much higher so you can try to catch up a little more

[@Bunny-ch2ul]

Also, make sure that your raises are compounding. Don't let people say, "Oh, we increased your salary by 10K last year, and we're doing the same this year." A super reasonable counter offer is, "!0K was blank percent of my pay last year,, I'd be more comfortable with that same percentage again." Also, look up the inflationary index for the year before you negotiate. It's pretty reasonable to say any raise that's less than the inflationary index isn't a raise, it's a cost of living adjustment, and they need to do better.

[@ItsEle333]

😂😂😂 I was like ummm ma’am!

[@danross4953]

😂🤣

[@weathamorris4251]

Can you do these for middle age/ divorced people who are literally starting over?

[@cooperscreditconsultingint6792]

Thank you! 💜

[@SuperDurv]

Vivian is such a beautiful name 💕

[@tntpkt]

V - well done. Thank you.

[@strawberryme08]

I’m ready we have a years savings and only house debt which should be gone in three years. Putting a good amount into retirement and ira etc my husbands company does a raise yearly. We’re living on a super tight budget we have a goal we wanna reach asap beside paying off house

[@bodieb.1239]

You are a force.

[@Bacrenfencing]

Yep, become a millionaire when you are 80.......great !

[@anv5509]

"is way easier to save money when you have more money 😜, " genius!

[@saltyyankee5149]

while living in the regime we are now, $1m is NOT what it was even 5 years ago. when the first came so easily, I realized the buying power starts between 5-10 million.. $1m is far far from a finish line

[@nelldn]

What about people who solely rely on paying bills with their salary? How do we move up the financial status?

[@JB28057]

Gotta figure out how to make more money. Get a raise, change jobs, change industries, etc. It sucks but if that is your focus you’ll get there.

[@Kelly_Ben]

Also a second job. Even if you work 1 shift a weekend, 4-6 hours, and put that check right into investments, you'll make huge progress.

[@illdoitwhenpigsfly]

I already do all these things. But im a millenial and still poor. 😂 to be fair though i pay for college tuition for myself and soon my kids, i pay for monthly vocal lessons because i want to learn to sing and when my 16 year old car died on me i bought a new one about 6 months ago. Ha. I guess im doing ok

[@isbetsierra3187]

Love this

[@nicolesmart3774]

Thank you

[@alissaleriva7232]

Thank you ❤

[@V.13-m5h]

SUCH GOOD VIDEO. THANKS SO MUCH

[@Xtina2525]

Love this.

[@zb2363]

And while I agree asking for an annual increase is good, so many jobs/careers pay so little. I’m including here many noble jobs vital to our communities like childcare worker, teachers, and social workers. Not all of us make a decent living but it doesn’t mean we should abandon our work. Maybe you can do a video on these kind of important jobs which are highly underpaid?

[@vj0127]

Best recommendations for high yield savings accounts?

[@mjm2241]

For R.... is it ok to have multiple 401k accounts? One of my jobs only offers a traditional 401k and the other has both traditional and roth 401ks. I chose the roth 401k so i won't have to pay taxes later, but doesn't do anything for my taxes every year

[@ebl36]

I don’t know if this is how it works in the States, (so feel free to ignore this) but you can combine old employer pension pots with your current one in the U.K. - might be worth looking into combining at least two of them?

[@Corianderfish]

I want to ask how to plan a financial saving goal for 5-10 years in times where inflation fluctuates and there are many new (and unexpected) big things coming up, which in my views make it really hard to predict the future? Would love some advice, thank you!

[@Psalm24Psalm328]

Thank you so much.

[@denasellsKC]

I just love her posts

[@yurikim4245]

Thank you!

[@1979voice]

I wish there was a Canadian version of YOU !

[@yourLocalTroll33]

Financial freedom never looked so sexy!

[@CucoNava]

Thank you BFF

[@brianw8066]

Im in trucking. They dont give raises and starting out these days can break you before you actually start. And trying to go through another company as a lease can chain you down to them 😂

[@RoseLe]

Yes! Yes! Yes! Yes! No (I don’t believe in 5-10 years goals as you lose sight of opportunities that you didn’t plan for)

[@lovepearlhawkins]

THANK YOU EMPRESS GRANDRISING 🎇👂🐦

[@kaneezbhojani6128]

Hi lady Please could you do videos for UK residents and what the equivalent accounts and funds would be? Many thanks 🙏❤❤❤❤😊😊

[@toothsometofu]

I have been saving for years and still don’t have 3-6 months living expenses saved but I live in California and make less than 40,000. I have no debt and contribute to my 401k as does my employer. I get bi-annual raises at my company equalling about 1.50 per year. And as an autistic person am not able to get other side jobs without burning myself out so what else can I do?

[@V.Hansen.]

Get a room mate. Cut expenses somewhere. Get a job close enough to bike to.

[@Kelly_Ben]

It sounds like you're actually doing better than the average American, great job! I agree with the roommate, cut expenses, etc. Print off your bank statement, and take a good honest look at where your money is going. I thought I was completely broke... then looked at my statement, and saw I was spending over $200/ month in lunches out! No wonder I was broke! Even if you can save $40-50/month, it'll add up! Best wishes!

[@babygirl4949]

What if you can’t maximize your Roth IRA contributions ? What if I can only put in $100 a month? Is that still going to be a big help for my retirement?

[@feliciavale4279]

You need to take a hard look at your budget and trim it down. If you aren't saving 15% of your gross income for retirement your doing something wrong.

[@babygirl4949]

@@feliciavale4279 hold on buddy. Roth IRA isn’t my only retirement plan let’s start there. My spending isn’t a lot at all it’s already trimmed down. You gotta make enough to save that much for retirement which I don’t put im doing the best I can I’m doing wayyyy better than the average American with the money I have in my savings account and in my 401k and what I’m doing to pay off my debts. I asked a specific question. Can you answer that? If not then save everything else.

[@Kay-kg6ny]

​@@feliciavale4279I wasn't but only because I didn't know anything about 401k. I was on the very tiny Auto assigned percentage that my company created for me

[@christythomson536]

Love this! I have what I call my IRS score. Investments, Retirement and Savings. I turn my bad and tragic relationship with money into a challenge. Christy’s 100k Miracle Triathlon. Swimming = work. I stop working, I drown. Got me through those rash moments of wanting to quit another perfectly good, well-paying job. Running = investing. Start small but stay on track, one contribution every paycheck got me closer. It wasn’t speed I was working on but committing to the run. Biking = Budget. By watching what I was spending I fixed leaks. Money in, money out, develop a cadence and balance. I would freeze when I even heard the word Budget except in my finance and accounting classes I could describe it brilliantly. Still honing my budgeting skills but with enthusiasm not defeat. Yes I met my goal but didn’t stop there! New challenge Christy’s $20k O! The Possibilities Challenge!

[@mariaco8854]

I like you videos so much and I was looking for some information and I think the second one that you mentioned about it. Something in the bank I couldn’t get it. It’s too fast. Can you please send it to me thank you.❤

[@ilafnasreldin2637]

I’m a 28 yo refugee currently residing in Egypt, I have about 70k$ that I would like to invest but because I’m a refugee and I’m already thinking of leaving Egypt I’m trying to find out better countries to reside and invest in with high return, any ideas?

[@polishqueen3671]

❤tx!!❤🎉

[@curlyb4c95]

This girl is so cute! Adorable. Love her 🥰

[@zb2363]

When you speak about paying down debt do you include mortgage and car payment? The interest rate on both might be very low. And if your stock market savings earns 7%, then wouldn’t it make sense to only pay off the minimum monthly balance on both car and mortgage while growing your savings? This is a serious question, thank you.

[@kgames1748]

Love Vivian ❤

[@ELSAMRAS1]

This sounds like insane income. Step one have discretionary income

[@fujitsu-no]

If I kept everything in savings, I'd have nothing to actually live from, or I'd have to only satisfy my very basic needs. This definitely should be the step one.

[@MD-qk6xf]

You're great -- following

[@dominicabollig1918]

I love clarins double serum too!

[@doyouliketortles]

Hope im not too late for this but where is your cute green headband from?! Thank you for the concentrated and practical advice Viv!

[@dawiiffa7280]

I love how she started

[@FaithWorks536]

Very good advice !

[@AbigailMarsolee]

Omg thank you I am cured!!!! 🤪🤪🤪

[@OnyxLynx6]

T is a huge one. I changed an ex’s life by having him do this. You’re welcome, btw.

[@momoftwo782]

Hi Vivian! My son has been working as a background actor since he was 12 but because of the strike, he didn’t really start earning until January this year. I would like to do more for his money that’s in a custodial account with Chase. How can I do that so he can be a millionaire by the time he’s 21, if that is possible? He’s 13 now.

[@cherylsullivan8890]

I wish you would flip the camera around so it takes true videos because when you show us things that we have to read on our screens but they're backwards and upside down... Then I have to stop the video and turn the phone upside down to read 'YOUTH something'. You're not the only one.

[@lyamainu]

How to be rich: make more money. Thanks. That’s helpful. I do every thing on this list and while the peace of mind it gives me is worth it all on its own, to say that I will every be a millionaire is a bit hard to believe.

[@sunshinesunflowerz1647]

S: Saving 3-6 months living expenses. Open a high yielding savings account T: Total debt. Pay total debt down - low to high. R: Retirement. Take advantage by maxing out your: IRA, Roth IRA. e.g. Target date funds and Index funds. I: Income. Prioritize and cut impulse buys. Ask for an annual raise. P: Plan for the future

[@santusharamzan7044]

What about advice for people who live in south America… what are their options cause most people only talk about the UK and US

[@JM-ro9oq]

By the time I save $1,000,000, it'll only have the purchasing power of a $1,000.

[@cosmojames]

This guy gets it.

[@alucardfreak1800]

Would you make something for those that are not on step 2? These are GREAT, but what if you are living off paycheck to paycheck?

[@Sony_Hunt]

sounds like Dave Ramsey principles

[@selama.4462]

Definitely Dave Ramsey

[@Earth-Angel-639]

I think God has something bigger for me that no money can compare 3C cosmic morphic energy - Earth Angel 639

[@christinebath21]

Hi, I wish you had tips for non-USA countries.

[@SportinTrades_]

Thank you for the info 🙂 💕💕

[@Snowlily01]

I wish she made videos for Indians too… we don’t have half these things 😩

[@DrNW6921]

I am pretty much debt free but I have been working at the same company for almost 3 years. They keep giving merit increases of 2-3% only and I basically have seen no change in my paycheck for the last 2 years. What do we do if our company keeps making excuses not to give raises? I wanted to stay a couple of years so I don’t look flighty on a resume.

[@kimishi5504]

Can you also talk about REIT, EFT too

[@LizettePerez-g7f]

After paying off credit card debt do you suggest closing accounts or leaving it at 0 without use ?

[@CynloveGod]

@yourrichbff please answer this question I have paid off multiple times but then charge up again. Should I close? No right. B/c longevity is key?

[@cooperscreditconsultingint6792]

Keep them open and only use one of them each month for small purchases. If you close them or if your credit lay dormant too long, your scores will decrease. Now, if you have other loans such as student loans or car payments then you can let your credit cards rest (don't use them). Whatever you do don't close them.

[@Mr.CharlieBoy]

I have a 401k with a company I left almost 4 years ago. The company I work for now also offers 401k. What should I do?