The Laziest Way To Build Wealth

SOURCE LINKS:

Join this channel to get access to perks:

The Financial Diet site:

[emilygalen]

Love that y'all are getting back to your roots by making more practical personal finance content/advice! Hope this trend continues. Thanks Holly and TFD!

[DA-bmmj]

4:55 "Retirement is not about living out your dream. It is quite literally about being able to live, and hopefully live somewhat comfortably" OMG so true! 👍

[fran_ca]

I can't tell you how much I enjoy this series! I severely miss Chelsea's Tuesday show and LOVE that we now get this. Hope it, or something similar, will continue until forever xx
I love the podcast and longer essays as well
Thank you so much Holly!

[aNotoriousPhD]

as a member of gen z my retirement plan is expecting there to be societal collapse by the time i'll retire due to us not properly addressing climate change

[kocokan]

Step 1: find high paying job
Step 2: don't over-consume anything

[Wee_Catalyst]

Struggling for no reason over here trying to figure out whether her earrings are basilico pizza or strawberries 😂

[theAmateurInvestorstory]

The way you structured this video made it easy to follow. Each section flowed perfectly into the next

[nicolasbenson]

Nobody can become financially successful overnight. They put in background work but we tend to see the finished part. Fear is a dangerous component, hindering us from taking bold steps we need in other to reach our goals. you have to contend with inflation, recession, decisions from the Feds and all. I was able to increase my portfolio by $289k in months. You have to seek for help in the right places.

[findthatwhimsy]

This was reassuring to hear. I became insecure with all the advice to invest and etc. But finally settled on just increasing the contributions I make into my 401K and the Roth IRA offered by my job.

[MarcIverson]

Too bad employer matching in 401k's has become less and less common.

[michaelr]

I was left wondering what was that 'The laziest way'? Half of the airtime goes to US pension plans which would be relevant to just 3% of the potential global audience. What's the laziest way for the 97% (what I heard was pretty standard thinking but did I miss something)?

[TheWillRogers]

"50c for every dollar you contribute up to 6% of your salary" woah, my employer match last year was 5.5c for every dollar lol. cut that in half since they've only matched every other year for the past few.

[MorellaReborn]

Is using Acorns a way to do this? I hear words like investments, stocks, etc, and zone out because it’s all foreign language to me. 😅

[usehername]

The laziest way is to buy kidnapped people and having them work on your plantation instead of doing any labor yourself

[LiamRappaport]

Correction: If you do it right, you can pull from your 401k without penalties in the year you turn 55. (See “rule of 55”)

[CaraMarie]

Lol nothing like people who can generate multiple streams of income from being rich to begin with. I had to learn the lesson by losing money. But you know what, i kept those hype stocks because pne, bo point in selling when its rock bottom, and two, i like the remainder of what doing stupid things get you. My new investments are growing at snail pace and am ok with that.

[matthewwriter]

How on EARTH does anyone even HAVE six figures of debt before the age of 25?!?

[scalylayde]

I tried to start using acorns to invest tiny bits of money when I could, and was trying to build up an EF at the same time. Unfortunately an emergency happened and I had to pull all my money out of acorns to try to pay for it. The saddest part? I only ever lost money... I would have been better off dropping those small amounts of money into a savings account instead.
I've never managed to build up an emergency fund because I don't make that much for the area I live in, and I every time I get even a small amount of money, something comes along that drains it. Car problems, sick pets, unexpected health problems, someone loses a job, etc. I've been watching TFD for literally years and I want so badly to put the information I get from them to good use, but I just haven't been lucky enough :(

[gordongekko]

Speaking as a successful F.I.R.E. practitioner I'd like to chime in with some basic personal finance advice: Learn to live BELOW your means and invest your savings into a low cost stock index fund every month. You don't have to be a financial wizard to do that. If your employer offers a 401K, then jump on that! Best ways to save money: if you're not married, then get a housemate to split living expenses; always buy cars used and always pay cash; Android does 90% of what iPhone does yet costs 90% less; no one really has to spend over $100/year on clothing and shoes, anything more is a luxury, not a necessity; credit cards are a trap; and I honestly don't understand everyone's obsession with world travel. Now, if none of that sounds appealing to you, that's fine. It's your money, your choice. But, you lose your right to complain about money when you're living a life of luxury.

[Rob-mevp]

80% of all millionaires are self made. Multiple research studies show this. Most of these people don’t make large incomes. They are disciplined, save and invest on a continuous basis. Plain and simple!