How To Go From $0 to $100,000+ in 2024

In this video I'll show you simple strategies to get to $100,000 in Net Worth this year. We'll break it down, talk about irreplaceability, leveraging your skills, and ultimately helping you to earn more money.

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Timestamps:
0:00 - Intro
0:30 - Charlie Munger's Advice
1:00 - How Your First $100K Is Actually Made
2:06 - The Math For Your Next $100,000
2:30 - Breaking Down $100,000
3:15 - How I Would Do It
4:00 - Irreplaceability
4:57 - Your High Income Skill
6:07 - An Exercise You Can Do
7:00 - Learning Skills
8:52 - Cutting Costs
10:00 - A Note on Frugality

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PS: I am not a Financial Advisor, any investment commentary are my opinions only. Some of the links in this description are affiliate links that I do receive a commission for & they help support the channel

[geraldt]

Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Instead of trying to predict and prognosticate the stability of the market and precisely when the change is going to happen, a better strategy is simply having a portfolio that’s well prepared for any eventually, that’s how some folks' been averaging 150K every 7week these past 4months according to Bloomberg.

[Riggsnic_co]

As an investment enthusiast, I often wonder how top level investors are able to become millionaires off investing. I do have a significant amount of capital that is required to start up but I have no idea what strategies and direction I need to approach to help me make over $400k like some people are this season.

[LarsBergstrom-uheu]

I don’t know how but you’ve managed to package an unbiased analysis that is more entertaining than the sensationalized segment of economic and financial news. Thank you for your efforts to be the signal and not the noise. I understand that the economy is currently in a downturn and that we must wait for things to get better.

[manylinkz.lining]

This is great. Nearly perfect for every young person to watch. A little more focus on the reasons you might want to get to $100k. I want to worry less, I want to be able to help family, I want to travel more, I want to donate more to Doctors Without Borders, I want a $20k yurt at Coachella. Young people rarely know what they want. In my 20s someone helped me with a few goals. It unleashed the power to making the first 100k. I was lucky for that.
Keep up the awesome teachings!

[bengonzalez]

If you want to make massive profits, it's only right you put in a significant sum

[tateoften]

Thank you Humphrey. Just what I needed to watch. My hubby and I are directors of our farm business and own property, plus small pensions. I am nearly 52, hubby is 55. We have started to save to retire from the farm, and possibly live on rental income, I'd really appreciate you go LIVE and talk about how to earn passive income online and retire comfortably, let’s say $1M.

[williamyejun]

Successful investing/trading is hard work because it means disciplining your mind to do the opposite of human nature. Buying during a panic, selling during euphoria, and holding on when you are bored and just craving a little action. Investing is 5% intellect and 95% temperament.

[Adukwulukman]

At this moment, it is crucial for individuals to prioritize investing in alternative streams of income that are not reliant on the government, particularly with the existing worldwide economic crisis. Investing in stocks, gold, silver, and digital currencies can still be profitable during this period. Therefore, it is advisable to explore these investment options to secure one's financial future.

[albacusBC]

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 when ever 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

[adelineChulack]

just sold a property in Portland and I'm thinking to put the cash in stocks, I know everyone is saying its ripe enough, but Is this a good time to buy stocks? How long until a full recovery? How are other people in the same market raking in over $200k gains with months, I'm really just confused at this point.

[UrielJuarez-wmhx]

Now we just need to see the Blcktken300 price also move in the same direction as these charts. Up. Very Up.

[Yaxz-seod]

Do it. Blcktken300 already in my bags. I had a Blcktken300 after ( your should I buy ) and I agreed and bought. I'm looking to stack more, too.

[tommy]

Currently at $15500 at 17, hoping to reach 100k by 20-21 🤞

[peggyturner]

Let's face it... buying more stocks & index funds during stock market corrections and bear markets is scary. Which makes it really hard to do for most people like me. I have 260k i want to transfer into an s&s isa but its hard to bite the bullet and do it.

[LindaGiovanna-qevg]

THANKS. Just what I needed to watch. My husband and l are administtrators of our farming bussiness and our own properfies, as well as small pensioins. I am almost 56, my Wife is 52. We have started sav ing for retiirement from the farm and maybe Iive off rentaI lncome, l wouId reaIIy appreciate it if you wouId do a video on how to eearn passive income onIine and retire comfortabIy let's say 1 miIIion bucks.

[MissaLifeStyle]

1. Read his newsletter 😆
2. Be irreplaceable
3. Find high income skill (natural talent)
4. Start service based business
5. Cost cutting behavior

I think it would be more entertaining to show people how you made $100, 000 in a year and then what you did to grow that to $1 million.

[Erikkurilla]

When the Great Depression and other huge catastrophes occurred, I used to believe that everyone went bankrupt, but they didn't... Some made millions; I also assumed that everyone closed their businesses during these times, but certain did start new ones. It all depends on your point of view; there will always be moments of prosperity for some individuals and times of depression or recession for others. My main concern now is how can we generate more revenue during quantitative times? I can't afford to see my life savings of $200k crumble to dust.

[feardeadwater]

"write down a few things you're good at"
me: "sobs"

[Charlescarbajal]

Is there anything like proof recession stock? I am 58 years and would like help in managing my retirement portfolio which is currently $1.25M...down from a high of $1.67M….

[BrewerVera]

This is amazing. “How to build wealth”