My Worst Financial Mistake (The #1 Wealth Killer)

Time Stamps:
00:00 - Gen Z and Millennials are Doom Spending
01:16 - Saving Your First $10,000
05:53 - The Health Epidemic
08:28 - Eating Good Foods
10:16 - Secret To Building Credit
13:43 - Why Most People Fail
18:18 - My Failures
21:10 - My Biggest Regret

The YouTube Creator Academy:

My ENTIRE Camera and Recording Equipment:

*Some of the links and other products that appear on this video are from companies which Graham Stephan will earn an affiliate commission or referral bonus. Graham Stephan is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. This is not investment advice.

[nicolasbenson]

I used to work as an investment advisor. The advice presented in the video is excellent and holds true for the average American. While it's a fact that money can't directly buy genuine happiness, it does provide the means to access experiences that can lead to happiness. However, for individuals with a substantial portfolio, say around $5 million, if you observe closely, you'll find that most people in their 70s are still quite active (I live in LA), but by the time they reach 80, their activity levels tend to decline. So, it's essential to enjoy life at some point before it's too late. That enjoyable vacation might well be the experience that brings comfort in your later years. It's important to distinguish between spending money wisely and squandering it. Be prudent in your value-conscious spending.

[tonysilke]

So how exactly can we guard against the coming financial reset for 2024? Like what are really the best strategies to make our portfolio recession proof against the incoming financial reset? I'm very worried about my $110k stock portfolio.

[angeladeem]

It's a common misconception that when a stock you buy skyrockets, the smart thing to do is sell it (or at least sell some of it) to lock in your profits. But the context matters. If the stock has increased sharply because the business is performing exceptionally well, it could still be a bargain. I'm still looking for companies to make additions to my $350K portfolio, to boost performance. Here for ideas..

[gagnepaingilly]

I'm a 48-year-old doctor feeling burnt out from long hours and stress. I've never invested in a retirement portfolio because I've always believed the economy would collapse eventually. However, I plan to retire soon and I'm curious: If you had north of 160k to invest safely in stocks over 4-5 years to grow, how would you start?

[banishedprivateer]

Feels more natural, less scripted, less robotic and less intense. I can relax more listening to stuff like that.

[Jamesjerome]

good job with these videos trying to avoid financial mistakes, Recently bought some recommended stocks and now they are just penny stocks. There seems to be more negative portfolios in the last 3rd half of 2023 with markets tumbling, soaring inflation, and banks going out of business. My concern is how can the rapid interest-rate hike be of favor to a value investor, or is it better avoiding stocks for a while?

[Jaymilnere]

Just discovered your channel with this video -- case studies are extremely useful and I'd like to see more in the future! Creating wealth entails establishing routines, such as setting aside funds at regular intervals for sound investments.

[TheJackCain-]

These are very valuable rules for anybody who wants to get rich. Unfortunately, most people who will watch this video will not really be able to apply the principles. We may not want to admit, but as Warren Buffett once said, investing is like any other profession-- it requires a certain level of expertise. No surprise that some people are losing a lot of money in the bear market, while others are making hundreds of thousands in profit. I just don't know how they do it. I have about $89k now to put in the market.

[brianwhitehawker]

Market highs can sometimes be followed by corrections, but predicting the timing and extent of it is challenging. I've heard some analysts talk about a 'massive' correction. It makes me wonder if it's time to adjust my $2M portfolios or maybe even consider some defensive investments.

[alejandroguerrero]

Im at $15, 000 in the bank.. no debt and im loving it.. living on less than you make and believing that you can is one heck of a step in achieving it

[RickWatson-xugw]

I’ve been saving for a long time instead of investing, and right now I only have about $516k. I'm not sure how to make it grow, considering all the inflation, into something substantial that I might use for retirement. I'm just here for ideas

[Joegolberg]

I lost over $80k when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that's what everyone said. I'm still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I'm really grateful I found one source to recover my money, at least $10k profits weekly. Thanks Walter James Henry

[holdforfreedom]

Graham. Been a long term subscriber. Love the new format. It matches your authentic content more accurately. Thanks

[garrysmith]

Bro was feeling hot in the studio today.

[maverickf]

I love the less scripted version of your videos. I want to hear how you think about life and hear about your experiences like this! 10/10!!

[priyankabcdefghijklm]

You relay things very well. You’re super reasonable and logical without sounding harsh or abrasive. Appreciate your sensibility while also emphasizing self discipline.

[Lea_LSD]

Loving the change, I'm so glad you value your audience and your authenticity. As a long time sub I really appreciate this, thank you ❤

[fidelgomez]

This style makes you feel and sound more sincere and down to earth.. Thanks a lot for all your great videos

[cartagenadaniel]

I’m 50 and this is all good stuff for me and my kids. Always a good refresher. Keep it coming. I love this over the constant news broadcast stuff you were doing.

[THETUMUFFN]

I’ve been listening for years and I can confidently say this is by far my favorite video you’ve ever made. Great advice and very inspiring