6 Ways to Invest $10,000 in 2024!

6 Ways to Invest $10,000 in 2023! Enjoy.
Thanks to Fundrise for sponsoring a portion of this video (#paidtestimonial)

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Timestamps:
0:00 - Start Here
1:32 - Pay Off Debt
3:02 - Retirement Accounts (IRA, Roth IRA, 401k)
7:36 - Index Funds
10:24 - Real Estate
11:36 - Fundrise
13:00 - Start A Business
15:33 - Individual Stocks

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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

[ericmendels]

it's recommended to save at least 15% of your income in a 401k. You can use online calculators to estimate how much you should save based on your age and income. Saving at least 15% of your income in a 401(k) can help ensure that you have enough money to retire comfortably. By saving this much, you can take advantage of compound interest and potentially grow your retirement savings over time. don't think I could retire with less than $3m in income generating investments and i'm not talking 401k, maybe $2m at the very minimum. I plan to work until I'm at least 45.

[williamyejun]

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 of $300K for sometime now, I would greatly appreciate any other suggestions.

[jameswood]

As an investing enthusiast, I often wonder how top level investors are able to become millionaires off investing. I do have about $70k amount of capital to start up but I have no idea what strategies and direction I need to approach to help me make decent returns

[chris-pjrk]

I must say you are an inspiration because I started up investing and trading as a scared investor who doesn’t want to lose money, glad to say I’m very profitable now and bought my first house through it

[TeresaBrickle]

The prospect of investing a large sum of money can be both exhilarating and daunting. With the right approach, there’s a potential for significant wealth growth, How can i enhance my earnings? I cannot let my $680k savings vanish after putting in so much effort to accumulate them.

[kaylawood]

I want to learn how to trade after listening to a guy on radio talk about the importance of investing and how he made $460, 000 in 4 months from $160k. Somehow this video has helped shed light on some things, but I'm confused about the current market volatility, i'm open to ideas...

[brianwhitehawker]

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.

[ClementRusso]

I've sold a property in Michigan and I’m considering investing the proceeds in stocks. With the current market optimism, I'm unsure if it's the right time to buy stocks and how long it will take for a full market recovery. I'm also puzzled by how some are making substantial gains of over $320k within months in the same market.

[jamesjane]

I follow and love your videos. Unfortunately, it's been a while since i visited it has been a very rough year... i am experiencing one of the most challenging phases of my life... Started investing recently but lost a fortune investing in emerging companies... Hopeful, for a turnaround.

[MamieEvans-dpsc]

You work for 40yrs to have $1m in your retirement, Meanwhile some people are putting just $10k in a meme coin for just few months and now they are multi millionaires. I pray that anyone who reads this will be successful in life

[kylehern]

You can buy a house with $10, 000. As long as it's bought at $200, 000 or less and you use an FHA loan. There's some things you would need to know before doing it and it's certainly not for everyone, but you can do it.

I bought my first home (which is actually a duplex) at age 23 with around $12, 000 as a down-payment. I used an FHA loan, which meant I only had to put down 5%, but the payments were higher, especially because you need to pay mortgage insurance on an FHA. However, a year later the value of it rose high enough to allow me to refinance into a conventional loan with 20% equity. It also gave me a lower interest rate.

I know not everyone can do this and I wouldn't recommend it to everyone, but it's possible and I think it's worth mentioning as an option.

[theogre]

Interesting content. Is it still advisable to leave idle money in a savings account at an average interest rate of 0.85%? I want a better way to diversify my portfolio and with current inflation, crypto gain taxes are no joke. I also have to ask, due to the current crash in stock prices, housing, and the financial market in general, I would like to know the most efficient way to make my money work for me without falling due to market fluctuations as we are in a bear market. Any tips?

[meredithelbert]

Thank you. 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.

[robkahn]

Thank you Humphrey for the very solid advice you offer in your videos. Happy New Year!

[allenwilliams]

I'm very serious when I say that the market crash and high inflation have me really stressed out and worried about retirement. I've been in the red for a while now and although people say these crisis has it perks, I'm losing my mind but I get it, Investing is a long-term game, so I try to focus on the long term.

[fryrdbrainz]

Thanks man! Recently found your channel and am stoked I did. Learning a lot. Much appreciated!

[myllasupatan]

thank you so much on this financial advise

[TheFunky]

Love the easily digestible, no nonsense content Humphrey. Many thanks!

[heyjianjing]

The casino analogy is strikingly good. I recall when I was taught the power of law of large numbers in university. The casino doesn't care if you lose big or win big, it only gets worried if you stop playing. The LLN ensures in the long run the casino wins, without a doubt. ETF does not quite get the advantage casino has, but I think it is pretty close. The general upward trend of ETF is not very different from the advantage casino can set for itself to ensure LLN takes over. This advantage, no matter how small it is every single day, or week, or month, will make the difference most people don't expect for the long run.

[safdalal]

Great video. Thank you for the knowledge