What Can $1 Do? - Saving vs. Investing [Enough is Enough]

[@Juan_Hernandez_Jr.]

7.5 years ago when I started putting money into my 401k, my co-workers laughed. Today I have 96k and some of them have 0 saved. Who's laughing now? Hahahaha..... Thanks for the video.

[@Clarks-Adventure]

Good on you Juan

[@Generalist11]

Why on earth would they laugh?

[@Clarks-Adventure]

You don't loose a cent till you sell. Like you say it's all information till then. Just buy and hold. Only sell when the market is doing well. When it crashes it's time to take a job and buy more. That's when there are bargains to be had.

[@stewartdahamman]

@@Clarks-Adventure But surely getting a job in a recession is really tough due to competition and the wages getting driven down? Why not work during the boom years when there are way more opportunities and rates are better? Both approaches are valid, I think doing it during recession is just making it harder on yourself. I remember how scarce work was during the 2007/2008 crash and how work just disappeared over night.

[@searscr1]

@@Generalist11 My family laughs at me too, but they also wonder how they are going to pay for things like emergency car repairs, house repairs, doctor visits, medication, etc... I just write the check because I have already budgeted for those things. And yes, the second thing on your budget should be savings.

[@Miguel195211]

I have been invested in the market for over 30 years. Now that I am retired my investments are paying me a monthly check. Added two pensions and social security. Completely agree with investing in the market because is a marathon not a sprint.

[@dr.ervingalen1777]

please can you give me hint how you where able to do that. i really want to invest and ive not had a head start

[@karololoughlin3990]

That is amazing. How do you start investing in the stock market when you know nothing about it?

[@gabereiser]

This is the advice my parents never taught me. Now, at 38, I'm realizing it. It's not too late...

[@mpj20000]

Great video. I love that you encourage others to invest. Here's a little on what we did, diversified.- Stocks, ok return. Rentals, like you said its a second job but a good return. The third was raw land, and did the best. The key to buying raw land is: 1) buy near a mid-size town 2) buy on the next undeveloped interstate exit going out of town; not the first undeveloped exit (Developers are already jacking prices). 3) buy over 5 acres and register as managed forestry to avoid taxes (this varies from county to county). And using your 30yr model, $2000/acre, 15 acre plot 1/4 mile from the exit valued at $30K back 20yrs ago sells for @ $68,000/acre valued now at $1.02M The nice thing managed forestry taxes are about $40/yr and nothing to the land to maintain. This is not a special situation. No cities grow in; they all grow out and sprawl; most, even the modest expand to the rate of one exit/10yr and they almost always pay 50-100x for the property near the interstate ramp. There are some things that can be done to hedge this like following your city's growth, schools, etc. Here's some remarkable validation for you: Have you ever wondered why those who run for Sewer Commissioner will pay 10X in campaigning than the position pays annually? Sewer is the only utility that requires municipal funds to install. Anyone can install power, water, cable and septic. But a neighborhood or large business requires municipal sewage services. The next exit (the one I told you to stay away from) is the one that just got sewer funding approval. The real estate sells first, then announcement is made. Ok.....Ive rambled. Thanks for all you guys do. My wife and I will be on the water in 16 more months! Cheers

[@ExploreLearnEnglishWithGeorge]

I personally consider this form of "money stashing" an option for people who have a priority to stash money (for one reason or another). If your priorities lie elsewhere you probably invest where are you priorities (for some people it is family, for some people it is their own business, for some it is travelling, for others it is a plastic surgery, for some a home or a farm or a boat...). I think one should handle money/time/effort based on what their priorities and aspirations require at the particular time in space. I might be wrong, of course - we live in a universe where we don't really understand what's what and why (unless you are a religious-dependant and you know all the answers are written in the book of your chosen religion)...so quite frankly, anything is a posibility. The concept that I am refering to is in economy known as 'time value of money' - there are mathematical formulas that one can use to establish what is their best return on their investment (this includes time and effort as well). So once you know what is your goal, then you can narrow it down and start working with less information/smaller 'information pool' that is more relevant to you achieving your goal and that way it becomes more manageable/clearer/simpler to read the streams of data that are all aruond us at all time. I just felt that this might be a useful bit of info for somepeople (as there are many of us who tend to fall for the illusion of simplification - that everything is either/or, that everything is "black and white"...there's an entire spectrum of how can one succeed - investing into stock market is one of the numerous ways and it just might not be for you at all or it might be for you partially or it might be for you fully (it is importand for one to know and understand the more broader details/laws/rules/patterns/stories that apply to their chosen path). However it is a good video, I am not saying anything negative here...just adding to the discussion ;)

[@paulabeattie8565]

I have watched this video before and it is so good that not only did I watch it again, I sent it to both of my adult 20 something children. I am 55 have been retired for 5 years and this year my husband retires and we have bought a newer boat and are ready to go sailing in the fall!

[@Clarks-Adventure]

Thanks Paula, That is always the highest compliment I get on this series. "I sent it to my kids".

[@paulabeattie8565]

@@Clarks-Adventure I can understand that sentiment, it is a well deserved compliment.

[@gmo709]

Stocks...volatile ...in an upward direction, over long haul. Keep costs low with the etfs or index mutual funds. That lowers drag. Over long periods , stocks r up a very high percentage of the time. Set up auto inv. Like he said, dont think ab it. Then also be smart w your spending. Guess what... it will work. That my friend, is the power of compounding.

[@doyoueatrocks]

This is brilliant. NONE of the other boat guys goes into this. I love stocks and options and putting it into real estate and dividend equity is my objective. I’ll be registering as LLC this year and look forward to seeing you all out on the water. Thanks for this, great tips and knowledge.

[@tinateews9494]

You're probably the only honest KZbinr Clark. Thanks a bunch

[@Clarks-Adventure]

Thanks Tina. Please share our playlists with your friends if you think they might like our videos. We would really appreciate the new viewers.

[@diannehill8218]

Thanks for explaining things so that everyone can understand.

[@Clarks-Adventure]

You're welcome Dianne. Thanks for watching.

[@BOG0690]

On the topic of art and antiques.........you should also consider collector's items

[@Clarks-Adventure]

Another area I know little about. But if it works for you... My dad knows a lot about antiques and has done well there, plus his hobby. If you think your friends might also like our videos how about sharing our playlists on social media? We would really appreciate the new viewers.

[@BOG0690]

@@Clarks-Adventure If you like and comment on one of my videos, I will gladly share. Thanks again

[@jbean530]

Fortunately, I took a financial class in college a long time ago. They used the same example about the coffee savings. I rarely spend on a regular basis on eating out or Starbucks. Long term investment will add up over the years. Good advice. That, and learn to spend less, which you teach. Very good.

[@miriamrobarts]

A class like this should be mandatory for every student. We'd have a lot less people with financial problems (& probably help a lot of relationships in the process).

[@avalonmist254]

Wow I'm 59 and single with a fixed income. Screw Starbucks unless I invest into Starbucks. Lol I think you saved my life. With my 5.00 a day in 5 years 33 ,000 dollars. I'm sold. My savings is just sitting around. Bless you

[@GihanAnuradha]

Gear advice sir. I’m 26 years old and already made around 25% ROI within my first year in the market. Now all I keep in my savings account is what I need for my expenses for the next month and a half. Every thing else, I invest. My goal is to have enough to have the freedom I do the things I love, live debt free and see as much of the beauty of this world.

[@Clarks-Adventure]

You sound like me 30 years ago. Keep with it, it worked for me. Would you consider sharing our playlists on social media? We'd really appreciate the new viewers and your friends might also like our stuff.

[@PauloNideck]

What a great video, Thank you! Learning and taking action! :D

[@susannehobbs7817]

Clark I really enjoy the way you explain things. I have never understood this and I am 52 years old now and my money is in a savings. I will be moving most of it. Thanks for you help and great advise!

[@Hookmodo]

I love and watch all of your videos, have been for over a year, thank you so much for all of them! Can you please keep doing videos about this type of topic? I know it is probably harder given the current times. I LOVE the how-to boat videos, but these videos are equally important for future liveaboards. Thank you again, all the best to you both!

[@Clarks-Adventure]

Thanks Matt. I'll keep it in mind. Yes people seem to really like this series but I guess I lost interest.

[@searscr1]

I heard this explained to me in high school economics class, and I wish I would have followed this advice. If I would have started and fully funded my IRA then, I would be able to cruise now instead of waiting another three years. Fully funded Roth(which is what I have now) is $5500 per year. In addition to that I put another ten percent of my gross into good growth stock mutual funds with a fifteen year average return of over sixteen percent per year. I build my own spreadsheet and I did not like what I saw, because I saw what my net worth would have been. Instead I spend it foolishly on stuff that I do not have anymore, and I did not need.

[@SeaDog6667]

I am years behind in viewing this video, but this and your "Enough" Videos are really good and in a simple and straightforward fashion that is easily understood. Thank you and I look forward to delving into your channel a bit more, ( I know you are more of a sailing channel) but these money and lifestyle videos are awesome!! Thank you again.

[@Clarks-Adventure]

Thanks Sea Dog. Please share them if you thinks friends might benefit.

[@mohitchhabra5804]

Thanks, I will achieve financial freedom before 30

[@3406226]

Thank you! You made this simple to innerstand!

[@Clarks-Adventure]

You're welcome Demetrius. Thanks for saying that. We always wonder if we are being clear. Please share the video with anyone you think might like to see it.

[@AfricanFlightStar]

Absolutely awesome advice thank you Clark!!

[@frusciantesplectrum7980]

Superb video and very informative.

[@johndixon5097]

Great video. I am sharing this with my grandkids. This should be taught in schools.

[@Clarks-Adventure]

Thanks John. What higher praise could I receive then passing my advice to your grandkids.

[@markminister2599]

I enjoy you, your delivery, your topics. I am a fearful because I see an economic reset with future dividends and retained are contracting. Your commitment to a worthwhile life is stellar. Wonderful.

[@Clarks-Adventure]

Thanks Mark. Yes that happens but it all averages out. Dividends go up in good times when the retained earnings are released. And the big buyers in the market take that into account and drive up the stock value when the company is retaining cash. I know I'm not informed enough to play the short game but the long game takes care of itself. Would you consider sharing our playlist on social media? Your friends might enjoy our videos and we would really appreciate the new viewers.

[@kjc9trader491]

I don't know if adding rum will make the coke 'healthier' - but it sure will make it 'happier'! :-) BTW, I plan on "retiring" soon, by Day Trading, eventually from my Sailboat/Cat (It's ok - I'm a professional! ...$$$ in any market), from anywhere I want - (with good wi-fi), with funds that will come from some real estate/biz investments made and worked with for the past 7 years, and about to be cashed out)... I want to be you, Clark! ...except I'm Starting at 60! Also, If I may... I would encourage you, to encourage others, to also seek more info/education - look deeper into investing in general. There are a lot of ways to make a lot of money - in time - in the markets... Anyway - I Hope to one day see you out there!

[@markbernier8434]

Nice and clear and simple. One point I would have emphasized more is the importance of the early money. e.g. $10/ day for 10 years and stop vs $30/day for the last 10 years of a thirty year period.

[@Clarks-Adventure]

You are right, that first deposit is what makes the most for you. I mentioned it. It's hard to know if I say enough or too much with these videos.

[@stebarg]

Yes, it's like having a plan for a very profitable business which will probably bring you for example 1 M $ each day. Every day you can shorten the period to that day from now on is worth 1 M $.

[@davidmay2185]

THANK YOU, the world needs to see this!

[@Clarks-Adventure]

Thanks David, do nice of you to say. Please consider sharing our playlist on social media. We would really appreciate the new viewers.

[@brentshuffler1234]

Thanks, Clark, for sharing of your lifetime wisdom. Just avoiding those little unnecessary spending habits can create a lifetime fortune and early financial freedom. I totally agree with you about the daily choices: e.g., I have saved hundreds of thousands of dollars in my lifetime by cutting my own hair, by cooking at home instead of buying meals, and by buying only what I need when I need it (e.g., new shoes maybe once in 5 years, rather than new stuff every year, every month).

[@y2b5]

Just found the "Enough is Enough" series. Thank you for sharing this video. Don't forget about the different risk profiles when investing. I mix between saving on savings account (2.30%) and stocks to spread the risk. I really enjoy how you use coffee in your examples to demonstrate how we waste resources. Keep up the good work!

[@nicholasbigney4143]

I realize that this is an older video, but I can't say I agree loud enough. This is wise counsel and I wish I knew it when I was younger. More more more more...the way to unfulfilment

[@Clarks-Adventure]

Thanks Nicholas. We have talked about adding more to this series. Especially videos on reprogramming your brain and I'm trying to get Emily to tell her story. We just landed in the Dominican Republic do we should have time soon. If you have younger friends on social media, how about sharing our playlists. Pass on the advice and we'd really appreciate the new subscribers.

[@bruxis]

I recently learned that money in a low-interest savings account (most are < 1% APR) will wither away. It's awful.

[@Clarks-Adventure]

This is true. If you join our Patreon, you can access and edit the spreadsheets and graphs in this video and play with the interest rates (we used the very best rate we could find which was 2.5%) Only the very best interest rates will keep up with inflation, but you're right, 1% isn't going to get you ahead! -E

[@TheProjectOverload]

Clark - A great video with a clear and concise description of investing - Great work!

[@supertom8552]

Great video 👍

[@solosailor222]

Congratulations on taking the time for Cruising Kitty basics! I believe anyone who can learn to Cruise, can learn to Dollar Cost Average into the Market. Advanced Class is Corporate Bonds with Buckets of Money Theory !! That is Buying One's Freedom. Cheers!

[@Clarks-Adventure]

It's coming next

[@sparcx86channel42]

money is always money this guy looks very good he is more happy than most people in the world. I suggest to put some on silver.

[@karololoughlin3990]

How do you start investing in the stock market?

[@Clarks-Adventure]

We have a three part series in exactly that. Pay yourself first.

[@karololoughlin3990]

@@Clarks-Adventure Thank you for responding. I will watch those videos.

[@allexbratson]

Very informative and educative video in a simple manner. Thanks for sharing it

[@Clarks-Adventure]

Glad you enjoyed it Alex. Would you share this video and maybe the financial playlist on social media? Maybe your friends might also benefit and I'd appreciate the views.

[@1gitrman]

Very good video....thank you for sharing your experiences and knowledge

[@Clarks-Adventure]

You're welcome Mel. If you think your friends might like to see our videos how about sharing the playlist on social media? We would really appreciate the new viewers and your friends might enjoy our videos.

[@garettwatson8468]

Wish I could turn this series into a book for my shelf. Always grateful for the information though.

[@VinceMorin]

What a great video, thanks !

[@Clarks-Adventure]

You're welcome Vince. More on the way.

[@Feyen00rder]

Dear Emily & Clark, I wonder if you have any trouble with dividendtaxes in all the different areas you visit all over the world? Or do you only apply for US dividendtaxes because you are US resident? Kind regards, Jimmy

[@Clarks-Adventure]

US only. Money was made there it lives there. No problem.

[@Bugoy21]

Hi Sir, may I ask which broker do you use for stock market investment? Thanks a lot

[@Clarks-Adventure]

kzbin.info/www/bejne/mIK1m4lpqcqJl8k

[@dougford5691]

Great video. What are your opinions on Annuities and Muni Bonds. I appreciate you sharing your knowledge and it is making me think about lifestyle changes.

[@Clarks-Adventure]

If you find one with a good rate of return tell me about it. Guaranteed interest is the best interest, but, last I looked there were only really low interest or high risk products out there due to the governments "quantitative easing" policy.

[@mtheron100]

Another great video! Thanks for Making it all understandable and easy!

[@Clarks-Adventure]

Thanks so much. If you think your friends might benefit please think about sharing the playlist on social media. We would appreciate the new viewers.

[@sailingddcircumnavigation5931]

Clark I love your videos and I love your ideas how do I know what to invest in I don't have much?

[@Clarks-Adventure]

You probably should watch all my enough is enough videos to help you decide on your investment style. It's all about risk tolerance and expected return. I particularly recommend number 2 in the pay yourself series. More are coming. Please also consider sharing our playlists on social media. We would appreciate the promotion.

[@philosopherprince339]

Bravo. Thanku

[@hgg6736]

Great videos! Please keep making more!

[@Clarks-Adventure]

We really don't get any Patreon support from the financial video viewers so I'm concentrating on sailing and intentional living.

[@DawitMel]

Nice video. I feel like the 4X returns in a 30-year investment period is a bit too low. Your money should double every 10 years (assuming 7.2% rate of return adjusted for inflation, which is a reasonable rate, and could be higher for the last 30 years). Can you clarify the assumptions you used in your calculations/chart?

[@rumboldj1]

Great Video Clark, keep up the great work!

[@Clarks-Adventure]

Thanks

[@sailingeden9866]

Great video

[@bilparnell]

Thanks for the helpful remedial! Rock on Clark!

[@mairevues5055]

Thank you

[@Clarks-Adventure]

You're very welcome Mai. If you think friends might also like this, how about sharing a link?

[@herbsilva7936]

Don’t sit in a corner it’s bad luck... lol! Great information... wish I had heard this when I was 20!

[@musicfanatic2009]

Good advice, I bought AAPL etc around 2012 and they've been nice investments still climbing away. I think diversity is best, some in a saving account is worth having too for emergencies, buying property can be a good idea too it can be passive income/asset in long term

[@Clarks-Adventure]

You got it Android. If you think this might help others how about sharing our playlists on social media? We'd really appreciate the new subscribers.

[@Chris-Courage]

I know nothing about investing. How/where do I get an index fund? Do I just go to a bank? Are there any good places you would recommend ?

[@Clarks-Adventure]

Yes I did a three part video on just that.

[@Clarks-Adventure]

Start here. kzbin.info/www/bejne/mIK1m4lpqcqJl8k

[@macroshorts]

"I understand it's way healthier if you add rum" -- just as I took another mouthful of Havana 7 year old and coke! Rum is what coke was invented for! :-D Nice videos Clark - keep 'em coming.

[@macg33zr]

Great video. I didn't think your graph looked like it showed the effect of dividends reinvested. All those early dollars invested will pay dividends which should be reinvested and also pay dividends. Over time the effect of this will be huge compared to the original capital invested. Eventually you may be able to live off the dividends and not sell down investments.

[@Clarks-Adventure]

It does but it also shows inflation. They kinda cancel each other out.

[@OscarPanczenko]

Love U Man. Respect. Thank you for all the value!

[@annjean4369]

Great information, great video! Thank you for sharing.

[@Clarks-Adventure]

You're welcome Ann.

[@weightlossandfitnesssecret9128]

Lot of respect from India

[@Clarks-Adventure]

Thanks, Feel free to share these on social media. I'd really appreciate the new viewers.

[@weightlossandfitnesssecret9128]

@@Clarks-Adventure sure

[@bethanykodeng4550]

Great video! New subscriber here 🙋🏽‍♀️

[@insightinspiration9922]

Will make an investment now after this video in an ETF fond. Was thinking about it already for a while. Real Estate is too much of a hustle and too expensive to get started with. Fonds are a great way to start "small".

[@haydenw6585]

Thanks Clark this is great info 👍

[@Francebound2024]

Okay, what if you come into this late...how should you proceed?

[@Clarks-Adventure]

Same way I guess. Just maybe a different definition of "enough".

[@safethamzagic7226]

I buy gold and silver...mostly silver

[@Barbreck1]

All very sound advice, Clark. I.ve passed this on to my daughter and hope she'll take the advice! In the meantime, I was wondering if you could help me with a little advice on health care while cruising? I'm aiming to adopt the cruising lifestyle in the coming year or two, partly because I'm asthmatic and really need to get away from city pollution. Have you any idea how easy it is to get a supply of meds for chronic conditions like asthma?

[@Clarks-Adventure]

Mail order pharmacies in India have that stuff and deliver it to you without a prescription - C

[@Clarks-Adventure]

Hi Jock! (Emily here) I grew up in cold Wisconsin with lots of asthma, and in Florida, where I had seasonal allergies and issues with dry air in air conditioned buildings. For cruising, I packed two years worth of Zyrtec and inhalers, but have found that aside from a few times a year, I am asthma- and allergy-free! Humid salt air is great for breathing. I am, however, glad I brought so much sunblock. And you will want to be careful about mold and mildew, which is sometimes an issue on a boat. Hope this is helpful -E

[@Barbreck1]

@@Clarks-Adventure Thanks guys that's great info. I'll do some digging on those online pharmacies, thanks C. I know Emily, right? I love being out on the water as I can actually breathe deeply!! Can't wait to get a boat and join you all out there on the big blue. And yes, Clark, I'm investing heavily in readiness for the big life change!

[@sergeyc5528]

Great Info! Thx

[@Clarks-Adventure]

You're very welcome. I hope you watch our other videos. And if you think your friends might also like them, how about sharing our playlists on social media? We'd really appreciate the new subscribers.

[@dougford5691]

Clark thank you for your response on muni bonds.

[@leadreviewer3257]

It helps to know (or guesstimate) what stocks offers the best possibility for a quicker return, rather than buying a stock at a high point for example. Many stocks have their ups and downs though out the year as they need to give a few financial reports during the year. For ex uber was meant to open today in the market at 45 dollars but went straight down as the company is loosing money, their employees are on strike and the market in general is down. . Just a thought.

[@brentshuffler1234]

ONE TIP IS TO AVOID i.P.O.s, START-UPs, AND ANY COMPANY THAT IS not profitable (E.G., UBER AND LYFT). You have so many profitable, successful, growing, and dividend-paying companies available to choose locally and in the world; you do not have to worry about the many that are doubtful, highly risky, new and unproven, etc.

[@raulsanchez4493]

Totally on point

[@alexbright7735]

Did you chart include dividends ? Nice video well explained. Sick of seeing kids on M1 or Robinhood making small change in a boom, can't wait to see how they do in the down turns. "Everybody is a genius in a bull market " great perspective .

[@Clarks-Adventure]

Good point. It didn't include dividends. The curve would have been higher with dividends included.

[@solosailor222]

Never spend Principal. Ever.

[@BB-nn1tu]

And, never lose principal.

[@brandonjuber3576]

3:30 I thought he was going to say "A way of turning this..." (paused, changed to $10 bill. resumed video) "Into this" haha I don't know why.

[@knikula]

folks struggle with "delayed gratification". Seems I know a lot of people with knowledge of the benefits of compound returns, but would rather spend that dollar on tasty, hot french fries, than save it, even if they could get huge, unreasonable returns, like 20 or 40%. Btw, I own a batch of preferred stocks that pay around an 8% yield. One example is TWOpB. Had it for years now, bought it during one of the occasional panics. So the yield at my purchase price is 9%. Anyway, this video will help folks who are receptive to it, but will pass right over most folks heads'.

[@RodrigovonGlehn]

Great video! That’s the only way to get freedom!

[@MikeInteligenciaFinanciera]

I really like how you explained it, even a 6 year old girl could understand it. I also talk about finance on my new channel (spanish) and try to achieve the same. Well done and thanks for sharing!

[@alexbright7735]

I want to buy something in 0-2 years then hold in cash. I want to buy something in 2-5 years, buy short term investment grade bonds. I want to buy something in 5-10 years+ buy shares.

[@soundsnags2001]

And if you're interested in anything between 1-10 years make sure you have 1 whole bitcoin.

[@herbsilva7936]

Do you dabble in options?

[@Clarks-Adventure]

No never have. Too active for me I'm lazy. Had a friend who did this exclusively. I learned from him it's better to sell options then buy.

[@herbsilva7936]

Yes indeed... I’m getting back into the game... perfect time... to “PUT” some money into it... pun intended lol

[@mecheckraise]

How about selling puts for lower risk and still be long? TECL was at $167.45 at time of trade. For instance yesterday I just SOLD to open 14 PUT of TECL at $3.3 for 160 strike and expiration of 7/19 so about 2 weeks. This ties up $224k for 2 weeks for $4,620 or 2% in 2 weeks. Like the concept. You make the 2% next day since 1 day settle. What is the negative? You are PUT the stock at 160 if under 160 on 7/19. Your break even is 160-3.30=$156.70. If you want to play long but buy cheaper if it falls this may be good but you. Either way you make the 2%. If you would have bought you might have made more. It may be at $180 at 7/19 and you only make 2% for lower risk. Oh well. I just sold 1368 TECL at $168 making a small profit of 4% after holding a few months so love the 3x TECH EFT long but wanted to find a way to lower risk. Rolling forward 2% every few weeks can be VERY profitable. This works well in choppy markets. TECL has been up 100% YTD and has a huge track record but ti can be volatile since it is a 3x ETF but a safer 24%+ a year meets my goals at lower risk. Your have been sailing for 20 years so I am sure you know all this. Socking it away is likely best for most but being active can pay off for some.

[@Clarks-Adventure]

Hard to play options when you are out sailing. I chose another way. I guess I'm too lazy to do do all that. I looked into it in the 90s. But then communication was not good enough to trade outside the US.

[@mecheckraise]

@@Clarks-Adventure likely best. Don't change what is working so well! Happy sailing. Yeah stocks or ETFs can be a daily, weekly, or even yearly thing. Options you really should review daily. Since I am at the computer all day long it is no issue for me.

[@marcbiffi6430]

Those 30 years graphs examples are calculated including compound interest?

[@Clarks-Adventure]

The 2.5% APR we used is what a bank gives after compounding. Since we used that number, in essence, yes this is compound interest. effective interest rate.

[@marcbiffi6430]

@@Clarks-Adventure Thanks!

[@victorlisitsin5418]

Thanks for video . I did like it . But what can do a 55 year old debt free man who has some savings and who never invested in stocks and doesn't have 30 years ahead ? Or it's to late to watch your video ? Seriously

[@Clarks-Adventure]

I'm sure there are things you can learn from my videos and I hope you enjoy what we offer outside of finance. You might review how your savings are working for you. After all I am also a 55 year old man with limited savings.

[@victorlisitsin5418]

@@Clarks-Adventure Thanks for reply. It was quick ! Will continue watch your videos 😊👍 you got a new subscriber 😊

[@Clarks-Adventure]

Thanks Victor. If you think your friends might also enjoy our work how about sharing our playlists on social media? It would help us grow the channel. We get excited when our watch numbers go up.

[@pmbnet]

My best returns was putting profits into my own entrepreneurial business's. But it is hard work keeping an eye on them. Or you could just buy Bitcoin now and enjoy the ride up. Bitcoin is a deflationary store of value. Yes, deflationary is a good thing.

[@cjeccher8128]

How can someone not like this video. 2k likes vs 20 dislikes Maybe those 20 like the mattress approach or Starbucks

[@Clarks-Adventure]

Thanks C J. So nice of you to say that. If you think your friends might also like our videos how about sharing our playlist on social media? We'd really appreciate the new viewers.

[@Endeavor545]

Real estate investing done correctly is really great. The tax structure in America is set up for people to make a lot of currency with it. Using the debt and the taxes will make one wealthy.

[@gazdagodjotthonrol]

thx for this video very good stuff. I have a project there within a 2 year I wanna create 3 different online income streams and start full time travel on my own sailing boat. But of course puttung money into stocks more long time ..retirement investment.

[@myopinionok9716]

Abraço de Lisbon...

[@davidmoncrieffe9911]

Many people would love to start to invest in the stock market but they don't know where to start

[@Clarks-Adventure]

That's exactly why I did my "pay yourself first" series. kzbin.info/www/bejne/mIK1m4lpqcqJl8k Please tell me if you think these are helpful. And if they are please share the videos. I'd appreciate the new viewers. -Clark

[@cowpoke02]

money is a idea . don't even need money to invest..but do it fast or slow ... 5 grand becomes 25 in 5 or 6 months. be care full and take time. find good stocks . play em on big up runs or hold it .. then i get into dividends . assets. no taxes till cash in. if ya find great starting companies . know how to know what ones be successful . stock for pennies . in a year sell 20 grand becomes a million dollars .

[@gc-ruk89]

Great video 👌.. However, this kind of investment works better for the western world.. How best would you advise I invest given that am from a third world country where I don't have much access to the stocks but I have a few bucks set aside every month after my hustle..

[@Clarks-Adventure]

Thanks Gordon. Sorry but I just don't know. I hope someone else chimes in. I do know some Europeans who invest in the US stock market even though they have to.pay US income tax on the money. One is a major economist. I imagine they hide the investments from their home governments so they don't have to pay double tax and have some hidden assets if necessary. I've never done this kind of thing so I don't really know what to advise.

[@Clarks-Adventure]

Where are you?

[@gc-ruk89]

Am a Ugandan from East Africa. Currently working in the UAE

[@Clarks-Adventure]

I've been asked to do a speaking tour starting in Kenya. Don't know if it will happen. But, it got me thinking of that area. Tough to invest my way. Probably local micro loans, what we call hard money lending. Or the US stock market. Makes it easier to move your cash out if you ever want to travel.

[@FarfettilLejl]

@@Clarks-Adventure I'm European who invests in the US stock market and we actually don't need to hide income from the US. Many EU countries have signed agreements on double taxation with the US

[@free2rhyme214]

What are your thoughts on Bitcoin and Ethereum?

[@Clarks-Adventure]

I was involved in a group that was developing an asic chip for mining so I researched it a lot. I love the idea of this as a currency. Wish it didn't burn so much power but that will eventually be over. I think it's the future but don't know what form will prove popular. But I just don't find it has enough backing for my comfort as an investment. It could turn out like tulip bulbs. I like owning part of businesses who are actively seeking profit. Also funding the market has me actually helping the economy. Just my preference. As I say in one of my videos it's what I know. I also don't do art or antiques but they can work too.

[@free2rhyme214]

@@Clarks-Adventure Thanks for sharing. You're right, PoW chains like Bitcoin will use renewable energy to mine or end up on proof of stake based chains as pegs to scale Bitcoin to more users. Personally I don't see crypto assets as tulip bulbs, I see them as an emerging asset class that will change traditional finance. Crypto will have a similar impact like the businesses you fund in due time. Also I employ a similar strategy as you, but I focus on different crypto assets instead of businesses. After all usually you have to be an accredited investor to fund businesses but not for smaller amounts within SEC guidelines. You might find this read interesting as food for thought. Keep up the great work! medium.com/@PanteraCapital/a-crypto-thesis-47eaacf861ca

[@coolrapper10]

I'd prefer irish whiskey but you have my attention.

[@harleymandk]

About the Investing - please name what to invest in (like ETF , FANG,HSBC(Banks?) or Vanguard) Now I got my $120.000 What is the next step ?

[@Clarks-Adventure]

You should watch my other videos. At least go through the playlist for the financial stuff. subscribing pushing the bell button would be a good idea for you too. We already did a video series just for you. Watch kzbin.info/www/bejne/mIK1m4lpqcqJl8k. The second video answers your question. How about doing us a favor. Share our financial playlist on social media. We would really appreciate the new viewers and your friends might benefit.

[@thewaterclosetblog5344]

But what was the $1 invested into, for your charts?

[@Clarks-Adventure]

See our "pay yourself first" 3 part series. I tell it all there.

[@fasznyak]

...and then when you try to withdraw money from those investing accounts to cover your living costs, you pay around 50% taxes, that is investment gains tax. was this ever calculated into the equation?

[@Clarks-Adventure]

I think you need to research US tax law! I'm living that way now. Have been since 2000. I don't really pay any tax.

[@fasznyak]

@@Clarks-Adventure I didn't intend to offend with my comment. I'm in Germany, here you pay 25% on your capital gains: en.wikipedia.org/wiki/Taxation_in_Germany#Capital_gains_tax

[@Clarks-Adventure]

Not offended. Just didn't want you to miss out because of a misunderstanding. I know nothing about German tax law but most countries have a maximum tax for low earners. Remember you won't be making as much income once you stop working. You will already have the "stuff" you need.

[@fasznyak]

@@Clarks-Adventure I'm racking up some amount of money in hard cash and gold and some money on my banking account. I have about as much as I wanted to start investing (but then this corona hoax crisis hit but that's a different story), but because of this capital gains tax I'm somewhat reluctant to start putting my money into stocks. Also, I don't have much to put in now, so the process would start now, if my income wouldn't have tanked. I'm 41 now and hope to be retired at 50. Until then, just more downsizing and trying to make money.

[@Clarks-Adventure]

Yes keep some cash right now but open an account. Just to get yourself used to the process.

[@brentshuffler1234]

ONE TIP IS TO AVOID i.P.O.s, START-UPs, AND ANY COMPANY THAT IS not profitable (E.G., UBER AND LYFT). You have so many profitable, successful, growing, and dividend-paying companies available to choose locally and in the world; you do not have to worry about the many that are doubtful, highly risky, new and unproven, etc.

[@savvas5548]

you should do a Ghetto version vid!! Good job keep it up

[@KrisVic91]

Crypto earn. 6-8% interest in whatever you put in every 3 months. Or higher depending on how risky you want to be.

[@harleyturnbull2025]

Still feeling like a genius? These spam comments aren't pumping up your investments so we'll are they?

[@shanekonarson]

Have the Rum without coke . And have the coke for the hangover.

[@RhetoricalMuse]

'it will quadrouple'. OK, but inflaiton and cost of living has also increased. It's still only worth that same dollar.

[@Clarks-Adventure]

Not really. You must remember I actually lived this. This is not theory. I'm living off money I put away 20 years ago. This works. Keep watching you will understand.