What It Takes To Be A High Net Worth Individual

[@roburb73]

The one statement that resonated with me the most, "Some high net-worth don't feel like they are!" I've literally caught myself saying I live like the average American. I sometimes don't think about what we earn and what we invest, it is just part of our routine.

[@davidw1732]

According to Erin's definition I am a step above HNW and I feel very middle class. I always worry about money.

[@scottthomas1894]

I retired a year ago. I now have a liquid net worth of over $5 million. I know my net worth to the penny at any given time because I have been using the Mint App religiously for 10 years. It gives me the ability to categorize in detail every expense. (I always use credit cards and rarely ever use cash so these expense are tracked real time.) I can run reports to monitor spending in every category. It also contains an excellent budgeting function that is tied to these categories and let’s you know the minute you go over. A tool like this is extremely helpful to reach High Net Worth status.

[@ErinTalksMoney]

I agree, tracking is invaluable

[@howellwong11]

Same with me, except that I use Quicken. I can't see how anyone can go through life without a budget unless you have millions of dollars and if you have, you probably have an accountant to do all that budgeting for you.

[@Summerdee223]

I have been using Mint for years, too, and it is a great tool.

[@Valmontst]

I have an iPhone and was looking for the mint app, but do not see one. Is it simply called meant? Do you know if it is available,’as an App, in the iOS store?

[@scottthomas1894]

@@Valmontst Intuit discontinued it in March. They recommended using their similar App Credit Karma. It’s not as good. I also now use Quicken Simplify. That is better in my opinion.

[@59Ray]

Great video! I did 401k many years at a % rather than a set amount. Started out low, 3-5%. Since it’s tax deferred didn’t notice as bad. Finally grew to 19% for several years. The good thing I noticed about % rather than a set amount, was that it grew faster with raises or overtime worked and it happened automatically.

[@kevinhoock9742]

Hi Erin, We first wanted to pay off our cars and never have another car loan again while matching 401K . My second priority was to pay the house off early and never have a house payment again ( done at age 42) still matching 401 K , With these paid off I went to 20% in our 401 K and hit that goal in our 50's . Mortgage rates were 18% when we had our home built in 1984 so it was a priority to pay it off ASAP

[@ErinTalksMoney]

That mortgage rate hurts to even read 😬 love that you had a system and accomplished it!

[@toomanymodz]

I'm 53 and fall into the high net worth category, but I can honestly say that I feel like I'm middle class. There are so many things that I cannot afford and I see people buying expensive homes, boats and cars and I'm scratching my head wondering how they can afford it. The truth is that they probably cannot and are assuming huge debts loads which is not a good idea.

[@Valmontst]

I am in the same boat that you are, except I’m a bit older. I retired at 55 and am now 62. I continue to live modestly because everything is getting super expensive. If I am worried about having enough money to last the rest of my life, I shudder to think what people with less savings must be going through, I don’t see how anyone can retire with less than at least $1 million today.

[@rhscnative]

Some people truly are independently wealthy - maybe inherited or whatever but a lot of what you see is people that are in debt up to their ass. I work in financial services and new hire executives didn't realize our company would have a round of layoffs every year or two. They would spend money like drunken sailors on lake houses etc. then get laid off and lose all of that stuff. I saw this happen many times.

[@davidless57]

You are absolutely correct about us HNW individuals feelings broke all the time. I could not imagine paying a financial guy 1 to 1.5% fees in this market, lol. Just look at the houses and cars those guys have, no thank you, too much good info on youtube to not do your own investing.

[@paulbrungardt9823]

A loving note from a 70 year old multi-millionaire--Nobody got rich by saving money--only get rich by investing money. Save only until you have saved enough to invest .

[@alanmaag8584]

Great video again Erin. I've used MS Money since 1995, tracking spending, income and deduction details, and portfolio details. I recently was able to make a report of the last 36 months of spending, hi-light the anomalies and get to core spending. Results were informative

[@MarkMphonoman]

MS Money. Wow, haven’t thought about that program in many years. 👍

[@eq2092]

I followed the Dave Ramsey Baby Steps and became high net worth in 2020 at 42 years old. I'm an Engineer and have always invested in my company 401K. Now I'm going all in and increased my savings rate to almost 30% of my gross when you include 401K, IRAs, HSA, 529s, and an after tax brokerage account.

[@markwilkins1544]

Hi Erin, great video. Having an honest and knowledgeable financial advisor that has your best interest at heart instead of just wanting to get a commission off of you is a good idea. Interviewing a handful of advisers with specific questions is a good way to go. You sounded fine in that video, but because you’ve had that cold for awhile, you might want to see a doctor and get some antibiotics. Hope you feel better soon😊🙏 Have a blessed day 😊

[@ErinTalksMoney]

I’m feeling better 😊 took about two weeks

[@educatedwanderer9293]

I have a net worth of 2.2M, live on a single income budget of about 70k net for a family of four. We have been debt free for six years including the house, but then we hired a CFP and committed to not touching the investments and are keeping our family budget strictly separate. We now have 15k in debt from AC replacement and medical expenses so now I'm not feeling like I'm high net worth while working on paying it off over the next year while we continue to max out the 401k, HSA, and his and her IRA's. Once I eliminate the debt I will then work on building up our emergency fund as the current one is only 3 months.

[@KrustyKlown]

A High New Worth Individual is one who gets constant calls & junk mail from financial advisors.

[@alanmaag8584]

And invitations to lunches

[@sophie3588]

I’d take a free lunch

[@morebeer7673]

Exactly. I'm not even close to being a HNWI for my age, and I still get hammered with offers for Private Client services just because I have a low debt-to-income ratio.

[@KrustyKlown]

@@morebeer7673 they see your tragectory towards HNWI

[@badidea12341]

This is a good message to new financial advisors. We found someone who was eager to work with us while we were young and had low assets because he was hoping and wanting to help us become a HNW family. 20 years later it has worked well for all of us.

[@davidless57]

Why would you pay high fees to have some financial guy invest you in index funds, lol

[@nathanyoder4509]

Hope you are feeling better Erin! I just hope I have enough to eat, watch KZbin, and have health insurance! Maybe some to give to charity!

[@ErinTalksMoney]

Love that Nathan! 😊

[@tonyflaminio2719]

You sound normal. Thanks for the video. We made it to HNW with a 15 to 30% savings rate. You are so right, once you get there it doesn’t feel much different. Also, it easy to move the goal post and say when I get that’s next M I will feel rich.

[@SunRise-ul7ko]

As a child, Thurston Howell III was my inspiration.

[@growsinhouseherbiculturali1100]

Imagine, the trump fan likes uneducated bigots.

[@SunRise-ul7ko]

@@growsinhouseherbiculturali1100 Thurston Howell III's sitcom character is a graduate of Harvard University and a Republican. He is in fact educated. About being a bigot, your entitled to your opinion. That's called free speech, which is the opposite to cancel culture.

[@growsinhouseherbiculturali1100]

@@SunRise-ul7ko ‘You’re’… George Bush also went to Harvard. Thanks for proving my point.

[@davidhughes6048]

Wow. Way to suck the fun out of the room. 🙄

[@ocox8659]

Mine role model was Gilligan

[@PapajamaJoe]

Haha outtakes are hilarious! Thanks for all that you do - been learning a ton from you!

[@happylife7542]

Great vids again, hit the 1 mill w/o counting house equity back in 2020 when I was 39, hubby 42. Next milestone is 2 in 5-7 years we are hoping. Though just like you mentioned do not feel rich at all.

[@ErinTalksMoney]

That’s awesome! A huge congrats!

[@rdgale2000]

Great video! Why couldn't you put this out 30 years ago (Just kidding). I wish this were required viewing in High School so the students would have an idea of what is required to make it to that HNW status. Thank you for your work here.

[@ErinTalksMoney]

Thanks for the kind words Rick!

[@tshorock]

$1m liquid was considered HNWI in the early 90s (when 401ks, index funds, discount brokerages, etc all started taking off). It's a nice round number, but eventually it needs an inflation adjustment. $250k-$2.5m is the new mass affluent, the land of the robo-advisor or Edward Jones kinda retail. $2m... probably closer to $2.5m these days is what HNWI used to mean.

[@ErinTalksMoney]

Fair point!

[@craigbrace465]

Love the outtakes! Thanks for keeping it real.

[@mattmathai]

I'm happily retired and am ALMOST a VHNW individual. I started tracking every penny of expenses in 1992. (Yay, Quicken!) I annoyed the hell out of my wife. "No, you didn't spend $8 for lunch. EXACTLY how much was lunch?" But now it has paid off she doesn't get annoyed anymore. She just rolls her eyes. I do sometimes miss our college days when having $10 in our checking account meant we could go 'splurge' on a slice of pizza each.

[@Pandorash8]

It’s strange to me to not include real estate. I am 36 with a net worth of US$1.77m but 98% of it is in real estate. 38% of it is my primary residence. Two of my properties are income producing. I have considered myself a high net worth individual, though I feel average as I don’t spend a lot of money. But maybe I’m not high net worth as comparatively little of my worth is liquid… I am increasing my liquid holdings. Great video to make me think, thanks xx

[@ErinTalksMoney]

Remember this criteria is only looking at liquid assets simply because it’s a criteria made up my financial advisors. That’s what they care about and focus on. That can’t invest a homes value - but that property is yours, you own it and it certainly does have value and contribute to your net worth

[@Pandorash8]

@@ErinTalksMoney I understand now. I did have a consultation with a financial advisor two years ago, and he basically said that I’m doing well, but there’s not much he can do for me. But I’m building up my liquid assets, so maybe in the future :)

[@MarkMphonoman]

It depends on if you have a mortgage or not. If you own your home then I say you can count it in your net worth. If you have a mortgage, subtract the mortgage amount from the appraisal amount, if the appraisal is more. That is the equity in your home. I believe if that is a positive amount you should be be able to count the equity as an asset, hence it should be included in your net worth.

[@darcysalmon7781]

Investing... Saving... say it anyway you want... I get it... life will go on... 🙂

[@frankdibiase3372]

In my experience, the advisors who claim to be “fee-only” advisors wanted a percentage of what money I had, AND, wanted to move my funds from Vanguard to their recommended funds! No thanks!

[@ErinTalksMoney]

I’m with you on that, no thank you to those advisors

[@Davek111]

OMG.... your outtakes are priceless!!!!!!!! :)

[@ramenandgyoza702]

I will consider myself a High Net Worth if i have a fully paid Home in Oahu, Hawaii! 😅

[@joemiller8029]

Love the hair! Ah! I feel dirt poor, barely surviving, just getting by! But I made the cut! So I suppose I should feel better. After Friday's video I sold all my stock. That video scared me. The more money I amass the harder I find it is to sleep.

[@ErinTalksMoney]

My message is to always keep investing, no one can time the market. Market swings are all part of investing. You have to find a way to invest that works for you, and helps you sleep at night

[@damontolhurst]

I think overall the distinction between "saving" and "investing" is irrelevant semantics. You're either spending money or saving money (i.e. not spending). Investing is a kind of savings. You could get more technical and say you're "spending" money to buy stocks, but the functional use of investing is exactly the same as saving in a high-yield savings account: set money aside and let it grow until I need it at a future time. The distinction becomes relevant when you're talking about literally /where/ to put the dollars: a savings account vs. investment vehicle. But in the context of wealth building, it's just a matter of spending or not spending, and investing counts as not spending.

[@ErinTalksMoney]

Thank you! 😂😂 exactly what I think

[@rachelblork]

Never really thought of it like that (mostly in terms of FIRE), but yes I think I will shoot for that. I think I’m on track based on your timeline.

[@Imran-Lalani]

VTSAX and chill.

[@johnd9031]

Indexing beats managed funds.

[@thedoor5442]

This is the most important fact on this video.

[@michaelswami]

Awesome video Erin. Of course if you’re not already you should be saving as well as investing

[@piper87c]

Good information Per this video we are in the high to very high net worth. It sure doesn’t seem that we are. I’m working 12 hours 7 days a week on a night shift. We have a financial advisor (Ed Jones) we’ve been with them for many years, although I don’t really trust them completely, they just seem to always be wanting to see us something, such as an annuity

[@user-gl9iz1bp1r]

The "root cause" of "low net worth" is the continued transfer of power, control, and wealth from working individuals/communities to the elites. Transfers are via; debt (private/public), rents, taxes (federal, state, local, sales, etc.), inflation, insurance, medical, higher education costs, and conflicts, etc. And these transfers are facilitated by the political class. Just incredible the power and wealth held by the generational financial dynasties (mostly of Europe - Bank of England was founded in 1694).

[@DugHoles1]

You mentioned in a previous video that you had mixed feelings about dividend investing but it was for another video. Did you ever create a video on that topic or do you plan to?

[@ErinTalksMoney]

I will, it’s still on my list 😊

[@Summerdee223]

@@ErinTalksMoney I would be interested in dividend investing topic, too.

[@bryanwhitton1784]

If I had used and followed the advice of a typical advisor I would be almost broke at this point. I started late and invested in full knowledge of a rather risky company, Tesla. That would never have been done under the advice of an investment advisor. From my experience I would be invested in a series of high cost mutual funds or ETFs or possibly some REITs. I would be sitting on maybe $250K not 2.5 times that. I used one years ago and fairly quickly figured out its a scam. Better to learn what I needed and follow my educated direction. None of them care more about me and my future or money than I or my wife does. Other than that good video.

[@JohnPMiller]

As someone who locks the doors to my house, I don't give my money to someone else to manage.😉

[@bryanwhitton1784]

@@JohnPMiller Yeah, I hear ya'. I have heard this thought to find an adviser that charges by the hour. The only ones I have found lately want at least $1M in investments and take a percentage. Not for me thank you.

[@JohnPMiller]

@@bryanwhitton1784 I also invested in TSLA when Schwab rated it an "F". Now, Schwab has raised the rating to a "D". The finance people are rarely technical, so they're mostly guessing when it comes to tech.

[@scottg2946]

I'm in this category, but really have not been aware of any special perks, except one possible: 401 is with Fidelity, and I talk to an advisor there at least annually, and the guy is excellent and local, so I've met with him before. I value these periodic meetings a lot, but honestly don't know whether my level of invested assets is what has triggered their availability to me.

[@edsanville]

I think these periodic bear markets demonstrate that the important thing in investing is recognizing which phase of the cycle you're currently in, and deploying your capital appropriately for that time period. Much more valuable than being advised about particular assets, IMO.

[@michaelswami]

Good luck. Sounds like market timing to me.

[@edsanville]

@@michaelswami It is, unfortunately.

[@curtiswfranks]

Woohoo! I am a deciHNW person. I might be able to get there in forty years.

[@BobLoriOtilop]

Had to show my wife this video. She doesn't quite get that we're HNW. We live pretty well, but she's ultra-humble about it. I like to celebrate it a bit, since I came from a place where expectations weren't very high......Changing topics, I still think there isn't enough emphasis on the associations we make, the friends we have, that help us along the way to a HNW. Might make a nice segment for you?

[@ErinTalksMoney]

I do have a video on how friends can influence our financial behaviors 😊 but I definitely think there are multiple angles to approach it from, so perhaps another one is necessary!

[@BobLoriOtilop]

@@ErinTalksMoney Thank you Erin. Nice to know we're in sync! 🤑I'll look for that video.

[@robertk5441]

Since you've mentioned wife and friends. I am DIY high net worth. Also, I don't feel that I am. I think that 'the wife' is critical in achieving HNW goal. My first was a disaster. I wasted 13 years of my life and ended up with nothing after the divorce. My second is a treasure and probably the most important piece of the puzzle. Friends are very important, but it is hard to get the good ones. I think that any journey towards financial freedom starts with the 'right spouse'. That's my experience.

[@joaquinrodriguez7699]

Absolutely love your outtakes Erin, you rock!!!!!

[@stuckinsj]

Where is the SEC definition of "1.5 million" located? I cannot find it on their website, nor any definition that the SEC itself officially makes of what "high net worth individual" means.

[@chuckfoster1945]

I just discovered your channel and like what I've seen so far.

[@ErinTalksMoney]

Thanks! 🙏 Welcome to the channel!

[@JustABill02]

You mentioned financial advisors that work on an hourly basis. I can't seem to find any. Especially that are fiduciaries. Any idea how to find some who won't insist on a percent of assets under management?

[@garlandofbooks4494]

Abound Wealth looks to be a good option. I’ve watched and love their Money Guy show and they seem pretty good, rebalancing, loss harvesting, 3 buckets, they have talked about some good strategies.

[@rabidfollower]

The current bad market has probably knocked many high net worth people down to not-so-high-NW territory, hopefully temporality.

[@askiahuisar8405]

The bloopers at the end is why I gave this video a like 😂😂😂 great video regardless

[@rickyraymond7601]

Erin you mentioned the book, The Millionaire Next Door. I notice that it was written in 2010. Is this book current and still worth reading. Also, I’m a new viewer, your videos are great.

[@ErinTalksMoney]

I HIGHLY recommend that book. It is dated, but the principles still apply 😊 and welcome to the channel Ricky!!

[@charlesgambol8784]

the sequel is called "the millionaire mind" but focuses on higher net worth people. i believe the Millionaire Next Door studied 700-800 millionaires. Dave ramsey did a book called Everyday Millionaires where they studied 10,000 millionaires AND it was released within the last couple of years.

[@mocheen4837]

It is a great book and still relevant today.

[@Summerdee223]

That book is still 100% relevant today. It shows that modest income earners (school teachers, etc.) can become rich and high income earners are often poor due to overspending and debt. The term "Big hat, no cattle" is discussed in this book, which means that many Americans appear rich (Big hat aka fancy cars and home) but "no cattle" (no savings, debt, basically poor). It is a timeless classic and one of the very best finance books ever written!

[@russrichards6685]

Love the bloopers, nice work. 😂

[@GreatSambino2012]

I enjoyed this video! I have been playing catch up on investments since I paid off my house. I decided to front load to my max 401k contributions over the first 4 months of the year. Luckily my new employer offers a true-up. I can see $760 more dollars per paycheck when I up pretax 401k contributions to 45%. I'd love to see a video about the tax incentives of maxing out 401k's from a pay check to check and yearly point of view.

[@GreatSambino2012]

This also includes max HSA per paycheck too.

[@mocheen4837]

I try to max out my 401 K early in the year as well. Most people at my office do not contribute to their 401 K leaving the company match on the table. With the company match, I am able to contribute 50K per year towards retirement. 15 more years to go until retirement. I also have a pension from work. I am not counting on Social Security. The government will find some way of screwing me out of my retirement. People that do the right thing are never rewarded by the government.

[@snakeonia7542]

Always talk about “individuals” do you dbl for married or is this one in the same with shared accounts.

[@DaystarHiker]

"You always have the option to meet with a financial advisor that charges an hourly rate". No. They don't exist.

[@ErinTalksMoney]

They are more rare, but they certainly do exist 😊

[@jayhimes5016]

@@ErinTalksMoney that might be a great video idea (picking advisors). My experience has aligned with Jim, I gave up finding an advisor as all the ones I was able to find locally were AUM only.

[@Apollo2112x1]

That jump from $151k at 34 to $427k at 35 is CRAZY lol

[@danh2716]

Not really. For the average American career worker making good financial choices, your pay increases and your debts decrease over that time such that you can save a lot more, plus you will have a benefit of your compounding interest start rolling faster and faster. The reality is that for most people in this range (top 10% by age) it will take longer to get to $100k than it will to go from $100k to $500K. What's really eye opening is that it will likely take longer to get to that first $100k than it will to go from $1M TO $2M.

[@kevinhagri4034]

My stretch goal is to go from $0 to $1 billion riding the economy’s coattail. Hopefully I live long enough to see it. I immigrate to the US at 10 years old with $0 and no English. I am in my early 40s and well on my way to $1billion in my mid 90s if the S&P 500 continue to average 10% per year. America is awesome.

[@USCarolinafan13]

Didn't realize there was a term for "high net worth individual" but my current retirement goals would have me surpassing that. Based on your "by age" numbers as someone who just turned 30 I am well passed that. It is funny (and sad) that this year, I have put in (including company match) ~40k in investable assets (probably 50% more than what I was able to do last year) but my total investable assets have dropped by 17k this year 😅

[@ErinTalksMoney]

There's actually another term HENRY - High income, not rich yet. That one makes me giggle a bit 🤭 It's for those high earners at the beginning of their. careers that are more in the accumulation phase, but not yet wealthy

[@michaelswami]

I think the SEC definition has to do with those who can be considered accredited investors. Those who are sophisticated enough to not need protection when they get screwed, uhm invest in risky ventures.

[@JohnPMiller]

If you're spending $200/month on Internet & TV, you shouldn't focus on increasing your savings account interest rate. I'm very careful about minimizing my recurring expenses.

[@morebeer7673]

I spend about that monthly on internet & TV but it's built into my budget. I also laddered T-Bills earlier in the year to capitalize on higher interest rates of 4 - 6%, when my savings account is paying a pathetic 0.01%. Why wouldn't you focus on increasing interest rate return for savings if the opportunity is there?

[@JohnPMiller]

$200/month=$2400/year. In your best case of 6% interest, you'd have to set aside $40000 to generate the income to pay the monthly bill. Oops, I forgot that you pay taxes on the interest. Even in the 10% tax bracket, that means you need to set aside $44444 to cover your bill. Oops, I forgot that your bills increase each year. Also, many people aren't in the 10% tax bracket, and many aren't earning 6% interest. I agree that you should also try to increase your interest rate. At 0.01%, you'd have to set aside $24M, and that's before taxes! We need a Xavier Niel to come to America and lower our Internet & cell phone subscriptions, as he did in France.

[@Scooterp82]

Thank you for this!

[@mikeg3439]

I don't get the SEC definition, define liquidity? Are they saying if you don't have 750K in pure cash, ready to write a check, lying around, you aren't high net worth? I know a guy worth over 20 million, very happy dude, very secure, loving his life, and he does not have 750K in pure cash ready to write a check.

[@SunRise-ul7ko]

$5,000,000 to be cracking into the very high net worth individual's seems a bit low. In Sydney you'd be cracking into a nice home with that kind of money, but not a great home.

[@lsmith5678]

Erin, there is speculation of social security cuts of high net worth individuals. What do you think the cut off net worth will be?

[@sabrinab9991]

Unfortunately no where near being one. 😔

[@BrokeToSemibroke]

90% of people are with you.

[@sabrinab9991]

I do like how you added “yet”👍🏻

[@adamp6320]

I feel like to get a million liquid at a non-retirement age, say in your 40s, does take a high income. Yes you need to keep your spending under control, but if someone is making $50k a year in a country with a moderate tax rate of say 25-30% of that, take off food, housing, transportation and you're not left with a whole lot of dollars to invest. The stock market is where the money should be, but as we've seen that will go up and down. Also most employees will default to a DC pension plan that has bond and equity components, which mean lower growth on those savings.

[@davidless57]

I’m a high net individual why do I have such a hard time attracting high value women?

[@alonlib5897]

The numbers are for household?

[@1dash133]

Unless otherwise noted, net worth is usually reported on a household basis. That was the case for this video.

[@1dash133]

One element that you failed to discuss when talking about financial advisors is whether or not they are acting as a fiduciary.

[@arh1234]

Outstanding video! Thank you

[@ErinTalksMoney]

Thanks

[@leehaskins307]

i’m in that high net worth net work.. i dont feel high wealth.. i’m just a normal person with a family…. do high wealth people go to walmart… I dont think many people in walmart are high wealth people.. maybe tho.. hard to tell….

[@morebeer7673]

Sure they do. The old saying is true - The Rich stay rich by living like they're poor. The Poor stay poor by living like they're rich.

[@michaelwebsternz]

Wow HNWI is so low.. VHNWI is more like what I'd call a HNWI.

[@Answers721]

With inflation, you probably need a minimum of 10 million dollars to be a high net worth individual.

[@werebreakingfree236]

what is the high new worth in relation to income. is it 20x your annual income. or 20x your annual living expenses. i mean im 50 and our nw is 700k. i still buy my clothing and sneakers at walmart. and cut my own hair. 😆

[@ErinTalksMoney]

Just a different way of asking the same question - mostly just depends on what it means to you. PS, I cut my own hair, my hubby hair and my dogs hair too 😂

[@j.wilkerson1905]

As my wealth increases, so does my stress...

[@1dash133]

Imagine your stress level if your wealth had gone down. 😉

[@mocheen4837]

Even though I am considered a high net worth individual, I am living paycheck to paycheck. After mortgage, taxes, 401K, 529 plan, insurance, savings, food etc. now with inflation and gas prices skyrocketing I feel like I am broke.

[@markbernier8434]

$1mm isn't much these days. Barely buys a house.

[@mocheen4837]

Middle class houses in my neighborhood run $2 million. I am not sure how the younger generation will be able to buy a home.

[@CalmerThanYouAre1]

HNW ✅… VHNW ⌛️… UHNW 🤔

[@Monimatrix]

Buy more Bitcoin!!!

[@naar7192]

?

[@Davek111]

Great video! I'm fortunate to have that 7 figure amount. I could have gotten their much faster had I been more aggressive with investments. And I'm not talking about taking risk! But I recommend folks go aggressive with ETFs, stay away from bonds and money market accounts..... AND set-up an account with Vanguard. Their fees are low!!!

[@ErinTalksMoney]

I love vanguard as well!

[@kirklandphil]

Hope you feel better soon Erin. Love the word: fru·gal·i·ty /fro͞oˈɡalədē/ the quality of being economical with money or food; thriftiness. "he scorned the finer things in life and valued frugality and simplicity"

[@ErinTalksMoney]

Love that word too! And I’m finally feeling better! 😊