The only way to stop being broke

[betterideas]

For those of you who were here a few hours ago, THANK YOU for pointing out the upload error. If you could hit like, drop a comment and watch the whole thing for the algorithm that would be a HUGE help because this rocky start ain't gonna bode well. Love you all.

[peterszilvasi]

TLDR;
1. Save minimum 10% of your income
2. Increase your income to save more
3. Invest the saving to have more income

[nobnol]

Paying $55 for a delivered pizza was a wake up call to me. A $4 Tony's or Red Baron would've done the trick but I was not sober and able to drive. Next day I stocked up on frozen pizzas and began to evaluate everything I was wasting money on.

[Robertgriffinne]

Biggest lesson i learnt in 2023 in the stock market is that nobody knows what is going to happen next, so practice some humility and low a strategy with a long term edge.

[SeanTalkoff]

Find quality stocks that have long term potential, and ride with those stocks. I have found it takes someone who is very familiar with the market to make such good picks.

[daiseman]

Solid advice.

I grew up in a poor household and was neglected during my childhood. After being kicked out and living on my own, I've quickly learned the importance of a dollar. Landed a full-time job at 17, and invested the remainder of my first paycheque after clearing monthly expenses. I've done that every paycheque since.

Paid my own way through part-time school while working full-time and renting a small apartment.

Lived frugally, never buying anything I didn't need, but instead spent cash on experiences and whatever it took to meet the right people.

25 years later my family and I are financially independent, and travel the world on a whim. My investments pay all my expenses. But I continue to contribute all excess cash to my investments, and otherwise spend little (15 year old car and cracked 5-year old smartphone because it still works!).

Wealth is there for the taking-- it requires direction, discipline and TIME. Of course living in a relatively wealthy country, in terms of both GDP and opportunity, certainly helps!

[tomp]

I started with a $500 investment in some concrete tools and learned how to finish concrete. 10 years later I don’t do concrete anymore but we do about $5m a year. The most important thing I learned is to just start doing something. You figure out what works and what doesn’t along the way.

[latanyaconlontl]

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!!

[kortyEdna]

The 1% of rich Americans think of how to invest their money to increase their wealth during the recession. While the 99% of struggling hard-luck Americans think of how to survive without food and daily necessities in the recession and the coming hyperinflation. I am just about to make my first index fund purchase via vanguard. I intend to invest long term. just getting slightly stuck on how I balance my percentage portfolio between equity vs bonds. Low risk is good for me. Any tips

[ziiphiree]

So broke I had to get this video notification twice

[JazerMedia]

"Perfection is the enemy of progress." Just get out there and start guys, take action. You don't need to, and never will, know everything before you start doing something.

[Aimee]

This administration is putting many families in difficult situations. A lot of people are financially struggling to live, put a roof over their head and put food on the table. Things are getting worse these days, if you don't find means of multiplying your money you might wake up a day to realise you didn't plan well for yourself and family.

[Cristian_M_]

You work for 40yrs to have $1M in your
retirement, meanwhile some people are putting just $10K in a meme coin from just a few months ago and now they are multimillionaires..

[myceliasedits]

Not spending $250k on a soda can steered by a madkatz controller to see the Titanic is also a good way to save money

[captainalpha]

Another thing to consider is to know the difference between desires and needs.

Buy as least desires as possible.

Thanks for the video!

[jedidia]

Man this cure a little bit of my depression. I needed this.

[georgeh.]

My wife and I came across your videos few months back and it changed our lives for good. We resolved a bad debt of $156k in just 5 months. Our emergency funds is currently being built by savings. We have also started saving for retirement. Please we'll appreciate a video on the best retirement investment with let's say over a 1million bucks. THANK YOU!

[shakeitoff]

Isn't it crazy that people like you are providing such critical information for free? We are so fortunate <3

[eric_martindale]

Oversimplifying? Simplicity is the mother of mastery.

Sometimes we need to learn things that we already know, but in the simple and direct way. Great video.

[DMSyt]

Just what I needed after a long day! This video is a reminder that setbacks are just setups for comebacks. We're stronger than we think. Keep pushing forward, everyone!