Why Each Dollar Gets Easier And Easier (Good News)

[@CliveBirse]

Creating wealth entails establishing positive routines, such as consistently setting aside funds at regular intervals for sound investments. Financial management is a vital subject that many avoid, often leading to future regrets.

[@ThomasChai05]

Indeed, currently I'm managing my finances wisely and being frugal. In the last 19 months, my investments grew by 43%, adding over $150K in profits. However, I've had losses in the past month, making me anxious. I'm unsure whether to sell everything or wait.

[@mariaguerrero08]

I always consult a financial advisor before investing. During the pandemic, I used their strategies to minimize risks and maximize profits, generating around $1 million in three years with my advisor

[@mariaguerrero08]

This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800,000.

[@mikegarvey17]

@@mariaguerrero08Mind if I ask you to recommend this particular coach you using their service?

[@mariaguerrero08]

'Gertrude Margaret Quinto' maintains an online presence. Just make a simple search for her name online.

[@nicolasbenson009]

Things are strange right now. The US dollar is becoming less valuable because of inflation, but it's getting stronger compared to other currencies and things like gold and property. People are turning to the dollar because they think it's safer. I'm worried about my retirement savings of about $420,000 losing value because of high inflation. Where else can we keep our money?

[@Miakate-f3l]

Personally, I would say have a mentor. Not sure where you will get an experience one, but if your knowledge of the market is limited, it seems like a good bet.

[@KarenLavia]

Due to my demanding job, I lack the time to thoroughly assess my investments and analyze individual stocks. Consequently, for the past seven years, I have enlisted the services of a fiduciary who actively manages my portfolio to adapt to the current market conditions. This strategy has allowed me to navigate the financial landscape successfully, making informed decisions on when to buy and sell. Perhaps you should consider a similar approach.

[@GeorgeDean-km3wm]

That's fascinating. How can I contact your Asset-coach as my portfolio is dwindling?

[@KarenLavia]

My CFA ’Melissa Terri Swayne’ , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.

[@CraigLloyd-fz6ns]

Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her resume.

[@kenyu4258]

Simple answer: Compound Interest!

[@arh1234]

And raises, and learning which cheap delicious meals to make!

[@duongnamphuong]

I can sense the effect of compound interest in my portfolio. My next problem is to set milestone for my plan so that I would use my money in my life. It is meaningless if I died after living a super-modest life without having a family.

[@scottthompson3493]

Start early!

[@02nupe]

That part!

[@livingunashamed4869]

Get to 100k as fast as possible!

[@Abraham.Lincoln22]

……said Chuck Munger.

[@economicdevelopmentplannin8715]

Payoff a bedroom bathroom suite in a shared house. Then just buy property taxes utilities groceries yearly. 7k yearly maximum cost for most individuals, per person cost. Then invest aggressively ASAP after that and live off capital gains.

[@ordinaryhuman5645]

Getting settled makes it easier. When starting out there's a lot of stuff you can justify spending money on... but once you have, you don't have to do it again for a long time. I had big expense increases after moving into an apartment for a few months, and into my house for a few years. But once you have all of the stuff and improvement costs out of the way, there's more money left over to invest.

[@bgt54rfvcde32wsxzaq1]

"The First 100 Thousand To Invest Is Very Hard But Do What You Need To Before Easing Off."- Charlie Munger

[@SmileysGamingBeast]

Soon 100k at 22 years old, looking for something more in life then my family and friends expect

[@robles100]

Hands down, my favorite money- teaching channel on KZbin. 👌👍

[@PierceJPeterson]

Awesome video Chris!

[@wildfoodietours]

After $100k, your net worth truly snowballs!

[@meetchavda4812]

Which website or app you're using to make these videos?

[@PJBHolden]

I wish I could draw like you

[@MohamedHasan-l6y]

I think this is a software or something

[@opalcoastal-ld5kd]

He is using an animation software, probably “Video Scribe.” A lot of KZbinrs use that one. Hope this helps!

[@dtr579]

In my personal experience $100K was very hard to save and it took many years. $200K was much faster to save. $300K was about the same time to hit. When I hit$400K I kinda stalled because the market has went way down then up since 2020. I have over $100K in equity in my home, so I'm currently at $500K networth at 55yo.

[@brianpso]

Net worth is misleading af. You can't eat your house, and it's very hard to get all the money from equity back compared to other investments that are much more liquid

[@jjred233]

It gives people motivation to improve their personal finances. People love owning land. I agree on not being able to eat the house. It would help if people actually had money outside of the home equity.

[@GigaChad_169]

Eating a house implies consumption aka spending money. You don't build wealth by spending your money. If you're at a point where you are considering investment options and owning real estate, I would hope you've figured out how to afford to put food in your mouth each month. In that regard net worth is not misleading, its the value of your assets minus your liabilities...

[@brianpso]

@@GigaChad_169 Yeah, that's the textbook definition, still doesn't mean you're well off. You can have a gigantic networth and still not able to afford to deal with a medical emergency. Focusing on networth makes people forget that the liquitidy of your networth is sometimes more important than its size. I'd rather live renting and have 1 mil in my investments than have a 500k home already paid and 500k in investments. Of course depending on the situation buying a home is worth more than renting, but that's just an example to show how both people may have the same networth, but one of them has more capacity to deal with a heavy monetary problem in short notice.

[@teddyruxpin7876]

@@brianpsothats why you have an emergency fund, to cover those emergencies. If it got that bad, i could sell my house and get back whats called equity. Like a piggy bank. Oh yea, and my bills each month are very, very minimal compared to your unpredictable over-prices rent. Just throwing money away.

[@r8alvar]

You can't eat your house but you can build liquid assets much faster once you pay off your house.

[@symbioticape]

Every fkn financial video waffles on about the dam stock market. Unless your a broker...your not making money from that theme park

[@leonadams1053]

Au contrare mon frere.

[@gcart8534]

Absolutely wrong.

[@justinbeeson7446]

Stay broke then clown

[@WRBWRXWGN]

This is a TERRIBLE take. Plenty of us normal, non-brokers have made hundreds of thousands of even millions from the stock market. Steady, consistent investing over a long time horizon is key.

[@TheKorn117]

Downvoting the video