7 Crucial Steps to Build Wealth ASAP!

So you've saved your first $1000, now what do you do? In this video we're going to be going over 7 different methods that you can explore after you've saved $1000 to grow your wealth. Enjoy!

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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

[kkybaggy]

I was advised to diversify my portfolio among several assets such as stocks and bonds since this can protect my portfolio for retirement of about $750k. I want to know: Do I keep contributing to my portfolio in these unstable markets, or do I look into alternative sectors?

[GrowingPIGs]

Lot's of good ideas, and very cautious. However from my own personal experiences with financial debt(illness in family) the Debt-Snowball over Debt-avalanche seemed to better suit me, those small victories help to keep me motivated. Good info in these videos, keep it up.

[Sanspepins]

Needed this as a reminder. I never really had trouble saving once I decided to do so, until around 20k. Once I got there every time I wanted something I justified it with "well I have some savings so spending a little doesn't hurt." Now I think people should still be willing to spend on themselves every once in a while. What's the point of life if you aren't living? But this reminded me to set proper priorities and spend with moderation.

[calebwert]

I just wanted to say that Fidelity really is one of the best brokerage accounts. The app is extremely simple to use. On desktop you can see your performance. And their customer service is amazing.

[nicholassheppard]

Thanks brother I appreciate your time. 😎

[MasterpieceFinance]

great tips as always Humphrey! Love that 4% rule :)

[eddiethealbatross]

Starting this right now, got 500 in a monthly dividend stock, and another 500 split into 3 quarterly stocks, goal is to get paid every week in dividend income to make each week matter financially. Getting paid twice a month on a wee salary or sometimes once ain't it for me so I'm getting around it through divvies if I can :)
Make a video on dividends you can buy for weekly income if you can :) Novembers a longer month and idk any companies that pay in the last week.

[DtlaDaisy]

Hi Humphrey! Newish subscriber here👋I just recently built my emergency fund back up to $1000 and was looking for the next steps. I have a 401k from a previous employer that I need to rollover, (2) IRAs and (2) Roth IRAs (1 set in Betterment, 1 set in Vanguard), no credit card debt, $27k in student loans and $6k car loan (that will be paid off in 6 months). I'm hoping the recent student loan forgiveness will knock that down to $17k, but we'll see. I've been watching your dividend videos, trying to figure out how to setup the dividend portfolio as well. Thanks for always sharing this info! I enjoy the visual graphics/terms on screen because it's easier for noobies like me to understand. Cheers!

[rland]

I am in my early 30s and just started about 2yrs with investing. What podcasts would you recommend about finance and money handling? Btw, your videos have been very helpful and useful. I definitely have learned a thing or two. Keep those videos coming!

[enmes]

Great video, although I slightly disagree with a car being an asset since it depreciates over time and has a lot of maintenance fees. I get that it is considered to be a depreciating asset, but I view cars more as liabilities.

[roadmapmoney]

Great tips on how to manage money after $1, 000, and honestly, Fidelity is quickly becoming by favorite investment platform. Opened accounts for my kids recently, much easier than Vanguard, tbh.

[The_PlagueDoctor]

12:40 so true! I spent 2k on my camera gear and it launched me into a whole new field with more money flow

[patnot]

What about investing in your own business, even if you loose all the money, you learn so much throughout it

[allenyes]

Hey Mr. Yang I recently had to dropout of college to help my father pay down the mortgage on his house. Do you have any tips on how to save for investment in my situation. I am working a retail sales job for minimum wage in California. Greatly appreciated if you respond

[seb]

These are very nice tips, As a 20-year old I am currently setting aside an emergency fund savings account with a 10.3% rate. I just opened up a Fidelity Roth IRA which includes index funds and taking advantage of a 401K from my employer. Would there be anything else I am missing out on?

[az]

just opened a Fidelity account, and currently negative $400 after dividends I received within the past 3 months...:v
market is like a rollercoaster, just need to ride it out....:3

[frankbatista.official]

Hey brother! Really enjoyed the video. Just like you, I've been helping a lot of people control their finances and have a better idea of the stock market. A big part of Financial Freedom is having your heart and mind free from worry about the what-ifs of life! Have an amazing weekend everyone!!!

[josephsaeteurn]

i started this year with my ROth IRA @6000.. went as high as $9, 500 and i was like, this is easy and then now im down to $7000.. still somewhat happy but not as happy as i would like..

[b.elizabethzermeno]

Well that S&P 500 be considered a dividend payment asset

[getsugatenshoFTW]

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