How To Build Wealth In 3 Steps

In episode 231 we discuss the most important and fundamental principles of building wealth through the cash flows of 3 different households.

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[JosephCarlsonShow]

USEFUL INFO:




Also, ignore bots pretending to be me. Literally the only thing I "sell" is my Patreon, that's it.

[felixvargasjr]

Great Vid! My first dividend check was .89 cents from Home Depot and I was so excited because I didn’t have to clock in for that. Yea, it’s only 89 cents but to me it was the start of me becoming wealthy as you state in your video. I still have my 2014 Altima with no radio and one rim cap missing while all my friend are buying new cars and going out every weekend. Me and my fiancé have been blessed to stay downstairs of her parents house and contribute only $500 a month while we both combined make 6 figures. Our friends are renting condos at all time highs. We’re investing 70% of our money a year. We’re on a mission to change our family tree and build generational wealth.

[lizandro]

Started investing back Dec 2019, I currently make $32k/yr while I finish up college and got my account up to $18k+ 🙏

[menumlor]

Fun fact:
people will say “it’s just 3 simple steps”
What they won’t say is each steps are very long. Like 1-5 years per steps long. But don’t let that discourage you. Joseph is a prime example.

[patrickandrew]

Awesome! your potential seems timeless.* Understanding your financial needs and chalking out a plan remains the smart way to prepare for the unexpected. 11yrs in investing space and extremely pleased with the decision I made.The good news is — it’s not too late.

[sonnygL]

By far one of the best videos that is detailed enough but not to much info where it becomes overwhelming. I'm not stock invested but find these videos super interesting.

[Ash-me]

I dont usually comment but i really enjoy your perspective in investing and the transparency compared to other youtube investors! Every video I learn something new, thanks Joseph!

[NolanGouveia]

Just bought my first rental property that I’m going to turn in to an Airbnb! Been all about stocks, crypto, and businesses up until now so I’m excited to share the journey on my YouTube channel with you guys!

[WalidFeghali]

What's up with all the "step 1. get a YT channel, step 2. use YT money to fund portfolio" comments? Are people really that ignorant and jealous? It completely misses the point.

Yes Joe makes money from YT, Patreon, etc., + his other jobs, but look at what he does with that income. He started with a couple k from his old job, got better pay and created side ventures and kept investing all income in smart ways. He then explains to us why he invests it in a very transparent way down to each penny, and shares so much valuable information with the community.

Learn from him instead of bashing on his success. I suppose this is Darwinism as well; the ones who are bound to fail only have criticism and see the world through a straw.

[vivianbrown]

When it comes to investment, diversification is key. That is why I have my interests set on key sectors based on performance and projected growth. They range from the EV sector, renewable energy, Tech and Health.

[kenspeakss]

I started working at Amazon part time while working a regular full time job.. Every dollar made at Amazon goes to a savings account. From there, I direct those funds to an individual investment account, Roth IRA, and a Emergency Savings account. The line is steadily increasing in value. Wish I would’ve done this earlier.

[XMan-migs]

Thank you Joseph. You sure bring a lot of value for me and a lot of other people with you channel. Keep it up. And again: many thanks.

[RCPhotosVideos]

In the past 3 years I have gone from $25 an hour (Internship after college) and now in 2022 I am at 105k. I am moving more and more money into assets. But its scary to think about buying a second property (rental home), maybe in a few more years. It is really cool to see my M1 account paying back dividends, I started shortly after you made that first video with 100$.

[theoking]

Starting early is the best way of getting ahead to build wealth, investing remains a priority. The stock market has plenty of opportunities to earn a decent payouts even in a down trend, with the right skills and proper understanding of how the market works.

[curtisdavis]

Excellent video!! Poor Household vs Wealth Household.. Thank You, Joseph! 💯

[shawnlane]

Been following for a year or so. continue enjoy how you are transparent in your holdings, whether up or down. keep up the good work.

[jamesgallant]

Fantastic video Joseph. Puts alot things into perspective 👊🏾

[ameyajoshi]

Incredible video Joseph! I am going to share this with family and friends. Thank you!

[thecapone]

Loved it! Videos like this help keep me focused and realigned in my goals- even if I already know most of this.

[scottydiesch]

This is the kind of video that got me investing more on my own and hooked on your content, 3 years ago. I really enjoy your work, keep it up.