“Do THIS in Your 20s to Be A Millionaire” への104件のフィードバック
Here’s the best life advice: don’t take financial advice from these people who were born into money and have no idea how to make it in the real, modern world.
If you do not have a full-time job with a retirement plan, it’s best you get a Roth IRA. If you invest a $150 dollars a month for 40 years, you will get almost $2 million dollars.
Due to low birth rates, in 30 years, there will not be enough people under 65+ in the workforce to support social security.
Retirees come in waves or generationaly, when time comes for this group to retire the dollar is manipulated and taxes are oncreased and historicly have lost over a third of their value of the funds actuall real in the day value.
People missing the point. It’s not gonna “millionaire” if your middle class you’re still gonna be middle class. It ensures you don’t have to work when you’re 60+
Opened one two years ago. Only have 12k in it. But if i keep adding what I can each year from now till 60 I will have a million tax free. Pretty good deal! To the young homies There is nothing wrong with enjoying some of your money now but you still need to save for retirement. 60 is not really old today. Stop wasting time because you can’t get it back and time is the most important when it comes to investing! It’s your Financial future not mine!
Instead of speaking about it and messing up our lives from making our money go up to zero from turning this why not show us how much you have. To show proof that we can do it
That is so true. I had to start late do to other financial obligation but it is so worth it because you are also setting your self up to help your children as well,
I’d rather live good and fun from 20-50 then try and save as much as possible so I can have money when I’ve lost the physical ability to do the things I love
Hanging with friends and family is the best financial decision you could make because guess what? We don’t live forever and you could die tomorrow. Plus you don’t need a million dollars to live great, 150k a year or around that much is plenty enough to legit do whatever you want, travel, eat fancy, get a house, buy a nice car, keep bills paid etc.
If you don’t live another 40 years then its just lost money you never get to use. Even if you do, do you really want to wait until you’re elderly to really start spending and living life?
Why is everyone acting like it’s black and white. “Either enjoy your 20s or sacrifice your 20s to be rich when you retire”.
Just have balance. Spend a little, invest a little (and keep an emergency fund). Don’t put all your spare cash in a Roth ira but don’t spend all your spare cash on hedonistic pleasures. Put a bit towards both.
reality is boring but it can still be fulfilling. you work so you can set up a good future for you and your children. too many people think life isn’t worth living if they’re not doing what they see on tv and social media so they forgo good advice like this.
The biggest decision is going to college. It was not always that way but it is now. 80% of them don’t stand a chance at a better life considering what colleges charge and many of the majors they take. In the end its like having a mortgage to pay but without a house to sell.
Buying your first house will get those earnings into over drive much faster…. I dumped all my IRA’s after the last three years of losing an average of over 20 percent per year. Thinking you can retire after 40 years with todays equivalent of 250-350 k in the bank is ludicrous!!!!
Haha I’m with you. The comments aren’t intelligent. This is just one avenue. Doesn’t mea. You can’t buy real-estate, doesn’t mean you can own a successful biz. A Roth is just a pipeline that’s pretty safe
Sooo many people are so uneducated about what inflation actually is, it’s not some exponential quotient nor is it things just getting more expensive forever. It’s just the measure of the price of good an value of the currency over a period of time. Even in history there have always been economic ups and downs . Historically the stock market always trends upwards
Roth IRAs aren’t available to some of us. I think you can’t invest into them anymore after you start making 130k or 150k annually or more. I’ve lost access to my Roth IRA many years ago.
Its a great sentiment, but that’s pretty much going to be my monthly student loan payment until im in my mid 30s, or later. Maybe if I was paid more every month it wouldn’t be so bad to invest, but I’m paycheck to paycheck as I am and im not trading food security for the chance that I can retire at 65.
You still got 20 years left and a ton of free time. Also with a family you are very capable of supporting them financially and helping your kids succeed
Here’s the best life advice: don’t take financial advice from these people who were born into money and have no idea how to make it in the real, modern world.
$8,000 😂
Damn this guy aged 20 years since the last time I saw him. I hope he is okay?
The sad music is just 😤
Basically a 401k right? I just do the pre tax
I love how people are so negative and they are all broke because they don’t understand money
Wrong. It’s not setting up a ROTH 401k and doing a pre tax 401k
8,000 gets you a dozen eggs in 40 years did you really win? Lol
If you’re making more than $50K a 401K may be better than Roth.
If you do not have a full-time job with a retirement plan, it’s best you get a Roth IRA. If you invest a $150 dollars a month for 40 years, you will get almost $2 million dollars.
Due to low birth rates, in 30 years, there will not be enough people under 65+ in the workforce to support social security.
Retirees come in waves or generationaly, when time comes for this group to retire the dollar is manipulated and taxes are oncreased and historicly have lost over a third of their value of the funds actuall real in the day value.
Or just don’t pay taxes then you don’t need a Roth IRA
Worst decisions you didn’t say anything about FTX?
If you dont know, this is bad advice.
When I can barely afford to live with the basics, Roth ira ain’t doable buddy
People missing the point. It’s not gonna “millionaire” if your middle class you’re still gonna be middle class. It ensures you don’t have to work when you’re 60+
Interest is haram
Save gold, not fiat. I agree with what he says… just don’t believe in the dollar.
Opened one two years ago. Only have 12k in it. But if i keep adding what I can each year from now till 60 I will have a million tax free. Pretty good deal! To the young homies There is nothing wrong with enjoying some of your money now but you still need to save for retirement. 60 is not really old today. Stop wasting time because you can’t get it back and time is the most important when it comes to investing! It’s your Financial future not mine!
Whats the worst financial advice that has been given to you?
– this video
I really should have bought a house in 2007 instead of fucking around in the first grade.
Instead of speaking about it and messing up our lives from making our money go up to zero from turning this why not show us how much you have. To show proof that we can do it
That is so true. I had to start late do to other financial obligation but it is so worth it because you are also setting your self up to help your children as well,
What if I put 25k into a Roth ira, how much profit in interest would I make?
Yes, have the money when your dreams are dead and deflated. Brother you are driving the slowlane
Back round don’t even match the original podcast
Lmao $8,000 🎉
The middle class trap!
Raise Money and Invest in CRE!
I’d rather live good and fun from 20-50 then try and save as much as possible so I can have money when I’ve lost the physical ability to do the things I love
With this President and this Economy Good Luck.
Most Americans can Barely Afford to put Food on the Table.
Or invest in yourself and not somebody else’s business
Hanging with friends and family is the best financial decision you could make because guess what? We don’t live forever and you could die tomorrow. Plus you don’t need a million dollars to live great, 150k a year or around that much is plenty enough to legit do whatever you want, travel, eat fancy, get a house, buy a nice car, keep bills paid etc.
If you don’t live another 40 years then its just lost money you never get to use. Even if you do, do you really want to wait until you’re elderly to really start spending and living life?
Worst thing you can do is save!!
I’m a stay at home mom. What do I do?
Mans thinking the next generation will be living to see 60 is wild.
Everybody that’s young don’t know about this information to their certain age
Don’t forget the crashes in your 40 years that set your Roth back to zero.
Or you invest money into your education on being able to make more money, that’s the smarter investment when you’re in your early 20s.
Maybe I misunderstood but that sounded awful
He went from $1,000,000 to $800 to $8,000. Huh?
if every 800 you invest turns into 8000, investing 800 every month for many years will easily turn into a million by retirement.
@froge compound interest?
$800?? Bro thats not even a months rent for me. Im not investing that when I need it to SURVIVE.
Why is everyone acting like it’s black and white. “Either enjoy your 20s or sacrifice your 20s to be rich when you retire”.
Just have balance. Spend a little, invest a little (and keep an emergency fund). Don’t put all your spare cash in a Roth ira but don’t spend all your spare cash on hedonistic pleasures. Put a bit towards both.
reality is boring but it can still be fulfilling. you work so you can set up a good future for you and your children. too many people think life isn’t worth living if they’re not doing what they see on tv and social media so they forgo good advice like this.
Ummm wanna enjoy my life when I young and can enjoy things
Me at 18 already having 2k in my Roth IRA
I don’t want it when I’m 65, I want it now
The biggest decision is going to college. It was not always that way but it is now. 80% of them don’t stand a chance at a better life considering what colleges charge and many of the majors they take. In the end its like having a mortgage to pay but without a house to sell.
i dont want to be 60 years old….
Nothing like working for 50+ years to enjoy fruits of your hard labour near your deathbed.
Bro the 40 years part is the issue😭
Most of us can barely afford rent, bills and food
I am so far behind.
Buying your first house will get those earnings into over drive much faster…. I dumped all my IRA’s after the last three years of losing an average of over 20 percent per year. Thinking you can retire after 40 years with todays equivalent of 250-350 k in the bank is ludicrous!!!!
Maybe this is the kind of things they should’ve taught us in school.
Isn’t inflation at about 10%?
I do half traditional half Roth!
At this rate inflation is higher than interest rates
Only if you can live up to 65
If you make it to 65 spend while you can folks. 😊
65 years wooo can’t wait
Ye. What about inflation of 40 years
Haha I’m with you. The comments aren’t intelligent. This is just one avenue. Doesn’t mea. You can’t buy real-estate, doesn’t mean you can own a successful biz. A Roth is just a pipeline that’s pretty safe
Roth is important when you are young because your tax rate is lower. This is a blind squirrel
In 40 years $8,000 will probably be worth less than $800 today at the going rate of inflation.
assuming the 20-year-old has already maxed the 401k. I don’t know many who can afford that.
This is not the biggest financial mistake people make. Not by a long shot.
Wow that’s great I’ll be able to do so much with all that money, I can buy my self a great casket!
Cant wait to buy an 8000 smackeroo loaf of bread in 2079🤡
It is not a bad idea to start a retirement account, obviously you are going to invest more than $800.
Boys do IUL’s they are better
I bet in 40 years 8000 dollars gonna be worth 1000-1200 in today’s dollars.
Heh compund interest: we all know that most milioners are because of that 😂
Taking advice from young people is a bad idea
Guys let the stupid people stay stupid. Like syndrome said “if everyone is super no one is”
If you make it to 65
I literally just realized that’s Dr. Mike
Tf are u gonna do with 65 and a million?
Sooo many people are so uneducated about what inflation actually is, it’s not some exponential quotient nor is it things just getting more expensive forever. It’s just the measure of the price of good an value of the currency over a period of time. Even in history there have always been economic ups and downs . Historically the stock market always trends upwards
Yeah but. I don’t wanna be old and crippled when I can enjoy my money.
Any apps that you can use for a ROTH IRA?
wow I could be a millionare by the time im dead ! Poggies!
Made 8k in btc in a day.
Roth IRAs aren’t available to some of us. I think you can’t invest into them anymore after you start making 130k or 150k annually or more. I’ve lost access to my Roth IRA many years ago.
Its a great sentiment, but that’s pretty much going to be my monthly student loan payment until im in my mid 30s, or later. Maybe if I was paid more every month it wouldn’t be so bad to invest, but I’m paycheck to paycheck as I am and im not trading food security for the chance that I can retire at 65.
Worst financial decision is not committing fraud.
Putting only 800 a month into a pension plan xD men my salary is lower than that
A 10x? I’ll stick with SquidGrow and BTC
Sad he had to explain what a Roth IRA is.
65 😂😂😂😂
What’s the point tho if your 60 you can’t really spend it as good 😂
You still got 20 years left and a ton of free time. Also with a family you are very capable of supporting them financially and helping your kids succeed
@WaveZ true
I gotta 403.b
Is it wrong of me to not care about having a million dollars by the time im 60
I don’t even expect to live to 65 man.
“…yea if you wanna work 40 hours a week”
Idk if I’ll make it to be that old
Bro really thinks we making it that far 💀
People in these comments really acting like you are crippled and can barely walk in your 60s. You still got probably 20 years left of your life.
By that time a million has lower purchasing power
Too bad they capped it
Starting Warhammer 40k