How To Realistically Go From $0 to $1 Million

How To Realistically Go From $0 to $1 Million - Explained!

💸 SoFi Checking & Savings: Get up to 4.20% APY, pay no account fees and earn $250

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💸 SoFi Checking & Savings: Get up to 4.20% APY, pay no account fees and earn $250

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Timestamps:
0:00 - Intro
1:14 - The Math
3:32 - Mindset
5:01 - Aggressive Saving
7:00 - Additional Income
8:34 - Time Disconnection
10:41 - Appreciating Assets
12:30 - Net Worth Tracking

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

[humphrey]

Lmk if you guys liked this vid! Also check out my free tracker in the description and 💸 SoFi Checking & Savings: Get up to 4.20% APY, pay no account fees and earn $250

[obiecoby]

Ive been keeping a networth spreadsheet for 10 years now that i update every month. Started at $110k and now it's at $1.5m. My old boss used to say, "winners keep score"

[DragonRider]

I just reached 30 2 weeks ago. On my birthday, my girlfriend asked me if I have any goals. I said I want to be a millionaire before I reach 40. I wasted a lot of time in my 20s since I didn't take school seriously and had low wages. Currently at 100k net worth, 70k salary. I am gonna work my ass off for the next 10 years

[stephans]

I think the point about disconnecting time and money is a bit over optimistic. Most people who start a successful business will do this later in life after they have gained the necessary experience trough a salaried job. Jumping out of the rat race at age 21 to start a drop shipping or E-commerce company will leave 95% of people who try this worse off.

[DodoLP]

how to have 1million dollars - save more than average gross salary

[taboo]

Saving is important but living along the way is also very important. Life is what's passing by while you're planning it!!

[manylinkz.lining]

This is great. Nearly perfect for every young person to watch. A little more focus on the reasons you might want to get to $100k. I want to worry less, I want to be able to help family, I want to travel more, I want to donate more to Doctors Without Borders, I want a $20k yurt at Coachella. Young people rarely know what they want. In my 20s someone helped me with a few goals. It unleashed the power to making the first 100k. I was lucky for that.
Keep up the awesome teachings!

[zepho]

Suprised being single isn't on this list lol. My family costs me so much money, schooling alone for 2 kids is $90K a year. I often chuckle about how much richer I would be single 😊

[Jungernaut]

Before watching the video: $0
After watching the video: $1Million - Thanks Humphrey!

[kourtlandgaylord]

5:36 Humphrey got a little cayman jack action going on😂😂

[Courtney-Alice-Gargani]

10 years seems like a long time for a lot of people and discipline and following through will get you there instead of hoping you'll get there.. Love this video.

[CollinSoderholm]

Along with Real Estate Agents, if someone does not want to be a realtor but enjoys the real estate world and people they should look into becoming a loan originator. Similar in the sense that you work on commission and you can go a number of ways with your career ranging from opening your own branch/broker and building a team to working with your own clients by yourself for a brokerage or mortgage company. You can even transfer into becoming a retirement specialist. All you need is to pass a national test along with some pre-req training (only 20 hours) and find a sponsoring company and you are good to go!

[disturbedturtle]

Working as a service advisor in a car dealership is a great way to bypass high salary jobs that have requirements like bachelors. In particular, domestic dealers like Dodge and Chevrolet. The job sucks, but get good at it, and you can make nearly 30k a month doing it. I personally have been doing it for only 2 and a half years and am clearing over 10k at this point at a Dodge dealership. One coworker made 15k last month, and the other made 27k. It's completely performance based, but that's what being an entrepreneur is about anyways. I dropped out of college twice, and I don't think I'll ever go back because of this. The job is not very enjoyable, but depending on your financial goals, it may be work the sacrifice

[skullrose]

I think FIRE had the right idea. I'm saving aggressively. I work for walmart, and make dogshite. Well, 15.3 is a garbage wage but 20 is better. At 30% my GAS, I'm saving about 9, 547.2/y with my GAS being 31, 824. I hope to upgrade soon, because if I can get 20/hr, I will earn 41, 600, hopefully making it so I can go up to 50% my GAS. After my typical yearly CoL, I'll have 202 per paycheck, but when you factor in taxes, then maybe it should be GAS × 0.4 instead of 0.5.

[Notimprtant]

Was so pleasantly surprised to see you talk about the power of positive attitude. Of course it's true that we perform better when we think better of ourselves. Thank you again for another killer video. Also gotta shoutout the Sofi savings account, I was super hype to wake up to that notification for 4.2% the other day

[Moonstruck]

Logo design and writing jobs are probably gonna get taken over by AI 😢. But on the flipside, the AI wave comes with tremendous opportunity for early adopters. What are your thoughts on using robo advisors to automate monthly or biweekly investing?

[benjamindavidson]

I have a 3 fund portfolio consisting of 33% S&P, 33% Total stock, and 33% international. I feel a need to focus on complete growth so I went 100% stocks, but does the SP500 and TSM overlap too much to make sense holding both? However I’ve been in the red for a month now. I work hard for my money, so investing is making me a nervous sad wreck. I don’t know if I should sell everything, sit and just wait but watching my portfolio of $450k dwindle away is such an eye -sore.

[TheBrettMizer]

You could do pretext dollars as well For example, I drive Uber. I can claim 62 cents per mile tax deduction. My car cost about 20 cents per mile to run. So I'm getting 40 cents per mile in free money.

[MannyCovington]

Consistency and getting started are so key when it comes to investing! It’s a no brainer!

[Duke_of_Prunes]

Great video! I know several millionaires who never really earned much at their day jobs. All of them maintaned their credit ratings meticulously, lived frugally, and invested in rentals.