If I Wanted to Become a Millionaire In 2024, I'd Do This

Becoming a millionaire was hard, and it's hard to get it right first time. So if I had to become a millionaire again in 2024, I'd do things a little differently. So in this video I go through the 5 steps I'd be thinking about if I could go back and do it all again.
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Disclaimers:

*Some of the links in this description are affiliate links that I get a commission from*
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[marktilbury]

Hope you found this helpful, here is the link to the free stock I mentioned (worth up to £100) 🙏

(terms & conditions apply)

[PauleAraiza]

In my 50s, I'm focused on investments for retirement. I've heard of people generating substantial passive income, like someone who earned $200K under a year.

[TheJackCain-]

Invest judiciously, keep a stop loss figure. Shuffle between debt and equity wherever the ratio goes too off your target. As for the target, I recommend a Ratio like this Debt % should be equal to your age in years. If you are 20, debt is 20%, reset in equity. If the market falls or rises drastically, your debt % will change, which you should rebalance to 20% and bring back equity to 80%. Thus you would have bought low or booked profit depending on if it was a crash or a bull run.

[ErinWarner-zcjy]

Dividend investing is most effective when approached with a long-term perspective. While dividends can provide immediate income, the true power lies in the compounding effect over many years. I'm still looking for companies to make additions to my $350K portfolio, to boost performance. Here for ideas...

[staceyconnor]

Each investment has specific risks, advantages and disadvantages that will determine how and when investors buy or sell them.

[BrewerVera]

At the end of the day, there's no one particular way of bridging that gap. but starting to save early and investing in the financial markets can never go wrong. if I were to start over in 2024 with less than $50k I would simply use the portfolio management play-book. Great video Mark.

[SeanTalkoff]

As a beginner, educate yourself, Learn the basics of investing and the stock market. There are many resources available online, including books, articles, and online courses. It’s a good idea to diversify your portfolio across different stocks and sectors to minimize risk. I’ve heard of people accruing over $550k during recessions and inflation, its important to do your own research.

[Ericbabacan]

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.

[Aurierserge]

Just discovered your channel with this video and you make a lot of sense-- case studies are useful and I'd like to see more in the future! Creating wealth entails establishing routines, such as setting aside funds for investments. Salary is a drug, Its never enough.

[RDON]

Congratulations, Abel Dorsey I am relieved that you are out there fighting these thugs, We musttake every precaution to protect the elderly and the general public from these despicable con artists. Congratulations to You!! You deserve the Nobel Peace Prize for ensuring our security.

[KaluKumar-dfsg]

We have been on a recession since the beginning of 2022, but big media and governments all over the world didn’t want to admit it. We need to be wise and use our brains. Knowledge is power and I’d like all the family to be powerful! Just purchased some Abel Dorsey Thanks for keeping us informed during this times of doubt?

[angeladeem]

My biggest irk with ETFs is the lack of optimization;changes in any given stock in the ETF can drag your portfolio down. While dividends can provide immediate income, the true power lies in the compounding effect over many years. But in general, I think the stock market isn't showing any sign of slowdown and I'm still looking for companies to make additions to my $350K portfolio, to boost performance. Here for ideas...

[Ziggler-kykv]

The fact that nobody talks about the book Matrix Golden Cashflow Tactics, speaks volumes about how people are stuck in life.

[tonysilke]

I need a way to draw up a plan to set up for retirement while still earning passive income to meet my day to day need and also get charged lesser taxes even while in a higher tax bracket. i want to invest around $250K savings.

[andersonedward]

Purchasing a stock may seem straightforward, but selecting the correct stock without a proven strategy can be exceedingly challenging. I've been working on expanding my $210K portfolio for a while, and my primary obstacle is the lack of clear entry and exit strategies. Any advice on this matter would be greatly appreciated.

[victoriaabott]

As an lnvesting enthusiast, I often wonder how top level investors are able to become millionaires off investing. . I’ve been sitting on over $545K equity from a home sale and I’m not sure where to go from here, is it a good time to buy into stocks or do I wait for another opportunity?.

[SarahTaylor_]

As a fervent investor, I frequently ponder the methods and routes through which successful investors accumulate fortunes in the millions. Despite having a significant starting capital, I'm unsure about the precise strategies or channels that would lead to gains surpassing $400k, akin to those achieved by others recently.

[JoseMerritt-dwnd]

I will be forever grateful to you, you changed my whole life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Loretta Nevins.

[benjaminsmith]

I feel investors should be focusing on under-the-radar stocks, and considering the current rollercoaster nature of the stock market, Because 35% of my $270k portfolio comprises of plummeting stocks which were once revered and i don't know where to go here out of devastation

[CinthiaCisneros-qivp]

Do it. Blcktken300 already in my bags. I had a Blcktken300 after ( your should I buy ) and I agreed and bought. I'm looking to stack more, too.