Get RICH in Your 20’s: DON’T Start a Business

ig: @ jacobhopkins

If you're new here, I wen't from dropping out of college to taking home $20-30k/month in less than a year. Just sharing the lessons I've learned along the way. Follow me on my sales journey.

[TheJackCain-]

Protecting your capital is much more important than making money. Basically because if you lose your capital, making money is much harder. ''Missing the train'' vs. ''losing your money''. There are a lot of trains, but if your money is gone, it's over.

[LucyAkira]

The problem we have is because Most people always taught that " you only need a good job to become rich. These billionaires are operating on a whole other playbook that many don't even know exists.

[alexsteven.m]

I have been a dividend focused investor for a long time. This does not mean I don't own growth stocks, I do. A well rounded portfolio should be a mixture of both categories. One way to minimize the anxiety out of stock market investing, is to make sure you keep a large cash cushion. I invest in the market, but never put all my money in market.

[sadstutas]

Find the book titled Secret Pathway to Triumph. You'll learn all the money attraction techniques there. Trust me on this.

[issacsalinas]

“It’s not about what business you should start, it’s about what skill set should you learn?” Young goat🔥

[jameswood]

Creating wealth entails establishing positive routines, I had only $78k to my name at 42 when I first woke up to this reality. I chose the stock market as a medium of growth, got an excellent financial advisor, Financial management is a vital subject that many avoid, often leading to future regrets.

[bernadofelix]

Building wealth from nothing involves consistent saving, disciplined spending, and strategic investments. Begin by creating a budget to track expenses and identify areas for savings. Prioritize paying off high-interest debt and establishing an emergency fund. As you build a foundation, start investing in low-cost options like index funds, and focus on continuous learning and improving your skills for better income opportunities.

[lawerencemiller]

Taking early notes from Warren as to the importance of sound asset diversification and risk management It can't be overstated. I've been trying to grow my portfolio for sometime now and it’s been stagnant, I would greatly appreciate any other suggestions.

[rannyorton]

I was advised to diversify my portfolio among several assets such as stocks and bonds since this can protect my portfolio for retirement. I'm seeking to invest $200K across markets but don't know where to start.

[PhilSommer]

I began my investment journey at the age of 38, primarily through hard work and dedication. Now at the age of 42, I am thrilled to share that my passive income exceeded $100k in a single month for the first time. This success reinforces the importance of the advice mentioned earlier. It is not about achieving quick wealth, but rather ensuring long-term financial prosperity.

[velvetinskin]

Got it. Step 1, have a rich friend/mentor.

[kelvinjohnson]

Success depends on the actions or steps you take to achieve it. Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Financial management is a crucial topic that most tend to shy away from, and ends up haunting them in the near future.., I pray that anyone who reads this will be successful in life!!

[dusk_vibes]

The 3 takeaways from this video that really hit everything home for me
1) Don't start a business if you don't have skillsets
2) Volume negates luck
3) The highest ticket skill seems to be sales

Dope video!

[Corrabeauty]

24 and this time last year I considered getting into index funds and ETFs without much knowledge and decided to have a consultation with a fiduciary, and it was incredibly insightful. One year down in, I truly cannot stress enough how helpful experts in this field are!

[baileymclean]

Currently I'm just being smart and frugal with my money, I'm in the green 47% over the last 13 months and l've accumulated over $700K in pure profits from DCA’ing into dividends paying blue chip stocks, ETFs, index and mutual funds. However I’ve been in the red for a while now. I work hard for my money, so investing is making me a nervous sad wreck. I don’t know if I should sell everything, sit and just wait.

[oliviaralston]

Successful people don't become that way overnight. What most people see as a glance of wealth, a great career, and purpose is the result of hard work and hustle over time. I pray that anyone who is reading this will be successful in life...

[debrab]

Insightful video. I just want to know best how people split their pay, how much of it goes into savings, spendings or investments. I'm 27, and earn nothing less than $150k per year, but nothing to show for it yet. The best part of my small investments are in stocks and crypt0 but I've been in the red as I bought during the peak in 2021, anyone know when the crypt0 bull-run would begging again?

[gingerkilkus]

A lot of folks have been going on about a January rally and said stocks that would be experiencing significant growth this season, any idea which stocks this may be?

[Rachelschneider]

There are lots of mixed opinions about stocks and there projection in the next coming years, I aim for short term solid gains from market correction and I'd definitely jump on the boat if I knew a thing or two about day-trading, but then again what do I really know? I'm just looking for the right moves to grow and hedge my stagnant reserve of $370k from inflation.

[harbormelody]

The power for creating a better future is contained in the present moment, You create a good future by creating a good present.The key to financial freedom and great wealth is a person's ability to convert earned income into passive income to build generational wealth, this trick has never failed .