How To Build Wealth With $0 - The Easy Way

Let's discuss how to build wealth with no money, the best ways to make passive income, and how to grow your investments to $500,000 - the amount most Americans say they would need to feel financially secure. Enjoy! Add me on Instagram: GPStephan

The YouTube Creator Academy:

1. BE CAREFUL WHO YOU LISTEN TO.
The fact is, if you REALLY want to build your wealth…you NEED to go against the grain and do what most people are NOT doing, and that includes listening to people who are where you want to be.

2. YOU NEED TO START MAKING MONEY
Most likely, IF your goal is to try to build up your wealth as FAST as possible…you aren’t going to get there through a traditional job. Instead, pick a career or a business that ISN’T dependent on how many hours you work, but on the results you achieve. If you ignore the rest of the video and just focus on ONE thing, let it be this - because, it’s important. 

3. GET IN THE HABIT OF INVESTING EVERYTHING IMMEDIATELY.
If you want to build your wealth, the reality is that - the longer you wait to start INVESTING - the more difficult it’s going to be….because, the more time you allow for your money to grow, the more money you’ll eventually have.

4. CREATE MULTIPLE STREAMS OF INCOME.
The average millionaire has more than 3 income sources - and, generally, the most income sources you have, the more money you're likely to make. This could include dividend income, capital gains, interest income, rental income, royalty income, earned income, or money generated from a side hustle.

5. MINIMIZE YOUR SPENDING
It’s said that the average American spends $18,000 per year on non-essential items…and this is something nearly EVERYONE can start cutting back on, immediately.

6. AVOID LIFESTYLE INFLATION.
The only way to overcome this is if you make more money, keep your expenses the same - don’t change a SINGLE thing - and invest the difference immediately. If you’re earning $40,000 and get a raise to $60,000…great, now you save another $20,000. 

By doing all of this - growing your wealth from nothing to $500,000 in less than 10 years is entirely possible, even without a crazy high starting income….but - it will require a lot of work, sacrifice, and discipline to stay consistent…it means you’ll have to cut back as often as possible, and otherwise live like you’re constantly broke…BUT, AFTER those 10 years…you’ll have the financial security that most people DREAM ABOUT…and those habits are likely to continue forward to build an even greater future.

My ENTIRE Camera and Recording Equipment:

[TastingHistory]

Oh good! I already have $0! First step accomplished.

[Angels-Grace]

My sister was working in a Nail Studio and the costumers would pay 40-80€ each set depending on how much they want on their nails. Depending on each costumer she needs about 30 mins to an hour for a Set. Made a bunch of money per month and kept the money to open her own Nail Studio. She started hiring people that want to learn doing nails and trained them. Once she had good workers, she started to open her second Studio and it just kept going. Nowadays she only has to manage workers and do some office stuff, since everything is working. Her workers are getting paid over averagely and she earns six figures every year by doing little to no work and having more time for family.

[martinbelanger]

People still make videos about zero to a hundred riches.. that thinking is the only way to slow yourself down.. to make money, you have to invest wisely

[BGB]

1:21 Be careful to who you listen to
2:03 Earning money
3:54 Investing immediately
6:35 Create multiple source of income
- earned income 7:08
- dividend income 7:23
- capital gains 7:59
- interest income 8:22
- rental income 8:38
- Side hustle 9:25
10:07 Goal 500k

13:25 lifestyle inflation

[michealwrubell]

Great Video Mav! Maybe make a video on potential investments in this current market that would fetch substantial profit, been coming across articles on bloomberg, business insider etc about folks raking in $200K averagely in 6weeks using some sophisticated strategy and I'd love to know how.

[kelvinjohnson]

Making money is not the same as keeping it there is a reason why investments aren't well taught in schools, the examples you gave are well stationed, the market crisis gave me my first millions, people shy away from hard times, I embrace them.. well at least my advisor does lol.

[oliviaralston]

Successful people don't become that way overnight. What most people see at a glance wealth, a great career, purpose is the result of hard work and hustle over time. I pray that anyone who reads this will be successful in life

[andrewcleverly]

When you invest, you are buying a day that you don't have to work.
I pray everyone reading this becomes successful.

[vesh]

i've learned more financial advice from Graham than from 12 years of school 😅

[MIchaelGuzman]

There are lots of mixed opinions about stocks and there projection in the next coming years, I aim for short term solid gains from market correction and I'd definitely jump on the boat if I knew a thing or two about day-trading, but then again what do I really know? I'm just looking for the right moves to grow and hedge my stagnant reserve of $370k from inflation.

[matthewmurcia]

Very recently turned 18, you have helped massively gain a perspective on what to do. Positivity has really made me change my overall mindset. More doing less talking.

[Shalefist]

I still think it speaks volumes about the American lifestyle that a second job is a technical necessity just to achieve any semblance of fiscal stability. If you told youngsters in high school that, for the cost of their 20s they could be free *but* no parties, trips, and just work 60+ hours, you would be heckled out of the room. This is also why such true advice is almost never followed, and yet given away for free: no one wants to hear that the main purpose of, and the bedrock of success in life, is sacrifice.

[richardrose]

Now, how does a retiree manage to do this? When I was working and setting up my retirement plan, $30, 000 seemed like a lot of money. Two divorces, two careers and a heart attack later, I’m finding this amount of money doesn’t cover expenses very well. So starting from $0 is appealing to me!

[ivyhatsune]

Loved loved loved this video!!! Thank you so much Graham!! SO Helpful having everything you mentioned summarized in a visual style! As someone with Synesthesia and ADHD I appreciate you!

[raygauthier]

To "Canadianize" it a bit... The Roth IRA is equivalent to the Tax-Free Savings account (which should be called the Tax-Free Investment Account -- but that's another story) and the 401K 's Canadian equivalent is the RRSP.

[damian]

average young guy: spends 2000$ per year on coffee
graham: invest the money
business idea: start a coffee shop 😘

[josegasperin]

I been following his advice and I was making 18k a year now I’m up to 180k a year and growing as long as you follow and make smart choices it definitely helps

[cpbeauvoir]

Starting on my wealth journey. Currently have no income and several thousands in debt. So excited to come back to this comment in a year and see how I've improved 👏🏿

[raaviusa]

My takeaway: Pick a career or business that's not depend on how many hours you work
This well aligns with Jim Roh's saying “You don't get paid for the hour. You get paid for the value you bring to the hour.”

[crishernandez]

I’m 19 and I’m spending my time listening to this guy that I stumbled upon on randomly one day and I don’t regret it.