Ideal Order Of Investing For High Income Earners

Timecodes:

0:00 - Intro
0:04 - Cash
1:04 - 401k Employer Match
1:48 - Employee Stock Purchase Plan
2:54 - FREE PDF 1-Page Companion Guide
3:12 - High-Interest Debt
3:42 - Max Out 401K
4:21 - Max Out HSA
5:42 - Backdoor Roth
6:52 - Mega Backdoor Roth
7:49 - 529 Education Savings Plan
9:05 - Taxable Brokerage Account
10:10 - Real Estate
11:38 - Low-Interest Debt

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DISCLAIMER: I am not a financial adviser. These videos are for educational and entertainment purposes only. I am merely sharing my personal opinion. Please seek professional help when needed.

[Kaustavpatell]

Honestly, this concerns me and has left me uneasy. Especially this potential depression, no more a recession. I'm unsure about my $130K account strategy, considering the uncertainty of this whole recession mostly.

[Aarrenrhonda]

This is quite educational. It's crucial for newcomers to keep in mind that the financial markets are highly irrational in the short run. You should constantly be ready for the unexpected. That is how chance operates. Because of the inherent risks in the market, I always favor long-term investments.

[AminaCasazza]

Investing in alternative income streams that are independent of the government should be the top priority for everyone right now. especially given the global economic crisis we are currently experiencing. Stocks, gold, silver, and virtual currencies are still attractive investments at the moment.

[DeannaMurray-zv]

Concluded 2023 with a 20% decline in the S&P 500, long-term investors find a promising entry into 2024. Noteworthy ETFs include: $VOO for S&P 500, $VTI for total US market, $QQQ for tech growth, and $SCHD for growth with dividends. Calculating my annual dividends, I'm thankful for $167k—attributing it to discipline and focus.

[Pambegay]

A couple of years ago I considered getting into a Roth IRA and 401k without much knowledge and decided to have a consultation with a fiduciary, and it was incredibly insightful. A few years down in, I truly cannot stress enough how helpful experts in this field are! Great video brother.

[Orangecatty]

As a high income earner of proud $7.25 an hour, I find this video very useful

[NicholasBall]

I admire your dedication to educating your audience. We all aim for financial stability and a better life. Achieving this is possible through wise investments, frugal living, and careful budgeting. I'm grateful that I learned the importance of working hard for financial freedom at a young age.

[kortyEdna]

I was advised to diversify my portfolio among several assets such as stocks and bonds since this can protect my inherited portfolio of about $2.5m. I’m used to just buying and holding assets which doesn’t seem applicable to the current rollercoaster market plus inflation is catching up with my portfolio. I’m really worried about survival after retirement.

[Jamesjerome]

When I started investing last year, I avoided significant mistakes. I've focused on investing modest sums in stable businesses for the long term. If stocks perform well, I hold onto them; otherwise, I reinvest losses into profits. Recently, I made $9.5k from a $4k investment in NVIDIA.

[wellsHannahh]

Considering the shaky economy, I'm keen to know best, how people split their pay, how much of it goes into savings, spendings or investments. I’d be retiring/working much less in 5 years, and sometimes earn up to $160K per year, but nothing to show for it yet.

[ErinWarner-zcjy]

It's a common misconception that when a stock you buy skyrockets, the smart thing to do is sell it (or at least sell some of it) to lock in your profits. But the context matters. If the stock has increased sharply because the business is performing exceptionally well, it could still be a bargain. I'm still looking for companies to make additions to my $350K portfolio, to boost performance. Here for ideas...

[FelineAirstrip]

I already have over $2 million in my retirement account and now I want to build an aggressive portfolio. I plan to invest $400, 000 in stocks but I'm unsure of the best strategies to pursue.

[biankabrodeur]

Tae Kim. doesn't disappoint. It was stupid of me to sell $76, 000 worth of NVDA stocks without reinvesting. I might turn to cash soon if I don't. Any particulars? (Buying bonds or CDs is not for me).

[hovickeard]

Great content Tae, this is a crucial topic that needs to be addressed, buying and getting in has never been an issue, however exit points and selection and picking of stocks got me more in the red, I’m open to more positive and smarter methods;

[BrandonIvan-ce]

Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got to talking about investment and money. I started investing with $150k and in the first 2 months, my portfolio was reading $274, 800. Crazy right!, I decided to reinvest my profit and get more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family.

[xsheehee]

I usually watch most YouTube videos on 1.25-1.75x speed, but I can't with your videos. This is a GREAT THING!

[BrewerVera]

My advice to new investors: Buy good companies stocks and hold them as long as they are good companies. Just do this and ignore the forecasts and market views which are at best entertaining but completely useless.

[TheJackCain-]

What I don’t understand is, on one hand we are told the stock market will crash and yet on the other we are told ways of investing in the stock market. Oxymoron or paradox? I'm considering investing over 150k, but I'm uncertain about risk mitigation strategies.

[Lamarche]

While i admire long term investors, I really don't know what to expect. For instance, if i invest 500k what would my portfolio look like in 2030?

[DreamweaverShade-hp]

I'm convinced that investing $50k-100k in the right company before it goes big is more important than saving for retirement. However, picking the right company is so hard. I have around $200k in a HYSA and want to invest. What are the best opportunities now?