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So you’re in your 20s or early 30s watching this video? My data says that's 80% of my market.
If you apply what’s in this video it could literally make you millions of dollars. Not bullshit, I’ll show you coming up.
Realize how lucky YOU are!? Stumbled on THIS video, at THIS time in your life? Could literally be the difference of a million dollars. Show you in a minute.
Hey Refusers! Welcome to Money Mondays — where we talk about how to use money so finances are less stressful in your present, you can break money habits of past, and your future is secure.
Here are the eight best secrets to becoming rich in your 20s and 30s
1. SECRET OF OUR UNIQUE ADVANTAGE
Age is NOT a weakness, it’s the ULTIMATE strength.
by the time most people are “ready” to start thinking about future it’s too late!
the illusion of “when i have a lot of money then I’ll invest” it’s backward, most don’t have lots of money because they don’t invest! Start wherever you’re at.
starting in your 20s is SO much better than 30’or 40’s
Insert tony robbins comparison from UNshkble video of 20 years old investing
2. SECRET OF Compounding
Golf game — Tony Robbins (it’s that good of analogy)
3. SECRET of 401k Max out
literally FREE money!
I don’ have one… so jealous my girlfriend!
4. SECRET of Roth ira
good to set this up.
$5500 / year (Schwab) MAX this out too!
All principal is okay to withdraw
All gained is tax-free! 59 1/2 years old withdraw
5. Get out of debt
Credit debt — thing to watch out for! Get OUT. (I’ve never been in credit debt)Ramsey method: Snowball. Pay the lowest card off first.
6. Don’t earn your way rich
you DON’T earn your way rich. Impossible to do.
Invest your way RICH.
Stop trading hours for dollars. Make money work for you, don’t work for it.
This is what we cover on RTS.
7. you don’t have to deprive your lifestyle to invest
qapital app: ► https://goo.gl/FRuXC4 (get $5 FREE when you download/use that link)
hack it so you don’t notice
don’t cut back on everything - hate yourself
make it fun — EARNING money to invest, not throwing it away
8. invest in yourself
don’t be avg (76% paycheck to paycheck, x% in credit debt, x% ____)
stop settling start living
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Note: Please always check with a professional before making any moves with your money. These videos are for educational purposes only. No official financial advice is being given. Never listen to anyone online who tells you to not check with a professional!
Go out there and crush this!
Yesterday night I ordered a pizza, seeing that 30 minutes had pasted, I figured they had forgotten or screwed up my order. Shortly after, I ended up falling asleep. Apparently they had delivered the pizza, but I never heard the door bell ring. Now they expect me to pay for the order.
Do I have to still pay even though they were late, and I never got to eat my pizza?
Warren Buffett did not invent compounding but he used it to devastating effect. He compounded his wealth by about 24% for the last 60 odd years. So if Buffett had $1000 60 years ago today it would be worth $400 million.
If we compounded 1000 at market rate of 10% for 60 years it would end up being 300,000.
I like your content man but you will never get to be a millionaire in your 20's or 30's using these tactics.
The only way to do that is to grow your value exponentially or create a business that grows your value exponentially.
Roth IRA's and 401k's are sound investments but they are simply too small potato to create vast wealth fast, even if you max them out.
Then you have 50 year until you retire. If you invested $1000 at 10% until your retirement that will grow to about $120,000. Now if at 25 you invest $10,000 at 10% for 40 years it will grow to about $450,000.
Have a look at value investment and have a special look at quality investment.
Dude. Im not sure about this but you might be wrong. Just double check since you're the one talking about it. I think IRA (vs Roth IRA)... You will pay taxes on... BUT not as a capital gains tax, like u said. But rather as an ordinary income. Capital gains, in general, are lower taxed than ordinary income.
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