'No. 1 rule to becoming a millionaire': Bartiromo, personal finance expert offer advice
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Rob people.
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Millionaire is the new thousandaire
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saving is useless…unless you are investing with an interest rate that beats inflation, you are losing money
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Thank you Lord Jesus for the gift of life and blessings to me and my family $14,120.47 weekly profit Our lord Jesus have lifted up my Life!!!🙏❤️❤️
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In order to outperform market returns, an investor has to accept concentration risk. That is to say, diversification is for those who lack conviction and therefore are relegated to 7% historical annual returns after inflation. That path, which is advocated for by the "pros" will take you 30 years of saving and living beneath your means to retire just to live out your remaining years living beneath your means.
I recommend younger retail investors go all-in on Tesla stock while the discounts last.
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I found myself talking to the TV, "…no…sorry, but wrong" – for the first 3 minutes of this clip, until these ladies finally got to the underlying factor – sorta. Your company 401K program has little do to with become a millionaire. I spent 3/4 of my working life in situations with no 401k available to me. The only years I had access were the first 8-10 years when I didn't have much extra money to put toward the 401K. Yet, today in my mid-60's I have an investment portfolio over $1M.
IMO, there are 2 keys to acquiring wealth:
1. Differentiating your wants from your needs through self-discipline.
2. Time.If you have access to a 401K, by all means use it. Absolutely. But just understand: 401K programs themselves don't result in wealth. It's the self discipline to max out the 401K, and in good, solid investments – instead of pi**ing your money away – and time that lead to wealth. As a percentage, 80% of millionaires did not get their fast. We we got there slow, over time. It's the (seemingly) small daily, weekly, monthly decisions for years that resulted in the financial life I have today.
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Buy weed, get tattoos, the latest cell phone and blame others for your lot in life.
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Lol they always make it seem so easy. Everything cost too much argue with me and yes some people just dont invest
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First of all, 65 is not full retirement. It's 67 for people born in 1960 or later.
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The most ignored and least talked about scenario currently plaguing America and Americans is DEBT; get out of it!
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Unless you didn't get the vaccine and were unlawful fired. Loosing a 25 year career…
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Maria it was my experience that when I gave 10% of my gross earnings to my poor little Pentecostal church family that God blessed me beyond measure and my 401k contributions and IRA plan never took a hit by bad events in the world economy disasters staring with OCTOBER 1987 crash then Y2K crash and then 2008 Crash and then Covid crash. During all of these events my investments were safe. God has given me much more than I ever put aside for the church and I was able to help out my neighbor. Every time I think about my retirement I think God has my money and “IN GOD WE TRUST” I will always remember who it is that guaranteed my retirement savings. God can do all things Ephesians 3:20-21.
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!I am at the beginning of my "investment journey", planning to put 385K into dividend stocks so that I will be making up to 30% annually in dividend returns. any good recommendation on great performing stocks or Crypto will be appreciated
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Debt is a four-lettered word.
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long term mindsets are for people who dont want to control others to become millionaires or billionaires while they are in there 30s-40s. its just capitalism, start a business and get others to do the work for you. If you are smart enough you can basically own people.
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Well, the first million is the hardest.
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To bad retirement is 67
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Read The Great Taking by David Rogers Webb & you will never put another penny into the "system"
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Be the crack head son of a failed president also works.
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401k ya gotta start in your twenties and hope to be employed consistently until you are ready for retirement
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Real estate is the #1 way to become a millionaire
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I'm 59 years old I've been saving since I was 25 I'm not quite there yet but everyday I think about retirement.
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Four things to do with money, spend it, gift it, save it and invest it
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age 67 and 1/2 thank you for noticing
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This is joke advise. Inflation will eat your savings. All this does is feed the big banks. You will never "become a millionaire" this way.
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Went to a Dave Ramsey certified financial planner in Nashville in 2012 and he told us to sell our Tesla stock my husband had bought 2 years prior to pay off debt. We would be millionaires. Thanks idiot. Think for yourself and take this advice with a grain of salt.
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I can't wait to never retire!
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if all the crap with Covid didn't happen and Biden didn't get in, I wouldn't have had to withdraw from my 401K. literally drained it down to 20% of what it was. because of Bidenomics I was laid off twice and without work for 3 years. I've never been laid off before. lot of people like me… wasn't our choice.
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