Your parents mean well. But if you’re a Millennial, their financial advice may be outdated. In today’s world, that advice may no longer be useful. Today I’m going to tell you why your parent’s investing advice might be… wrong! http://bit.ly/2s1rYU1
It’s time to set yourself up for a financially stable future. Click the link above to banish bad debt and start investing in businesses that matter to you.
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What’s the best financial advice you’ve ever received? Comment your answer below!
Kick your savings and investments into high gear using this guide: http://bit.ly/2s1rYU1
Solid ??
Education is always a plus in my opinion…
Robin hood got me interested years ago with free investing and I just started reading everything I could and watch investing strategies on YouTube. Now I'm doing pretty good with it. Lots of blue chip companies and time is doing me pretty good. I just knew if it cost me money to buy and sell I would have never started. I Don't like fees. Fees are the devil ??
To take advantage of compounding interest wherever you can is probably the best advice anyone could receive or give
universities are a waste of time apart from staff
Thankyou for another insightful financial video.
To summarize (roughly):
In 1945, that house = $5000 ; accounting salary = $5000/year.
In 2020, same house = $300000; accounting salary = $30000/year.
After 75 years, same house is 60 times pricier; same job pays 6 times more.
The house price increased about 10 times more than the salary increased.
It makes you wonder about the Economic reasons behind all this. Do the same reasons explain why other social institutions, such as college tuition, medical bills, medicines, and retirement homes have also become outrageously expensive in the USA, as of 2020 ?
Hey Phill I have a question for you…
You’ve mention in your podcast that EPS is sort of a fictional number, and that as owners of a business we need to focus on the free cash flow a business is producing. So when it comes to the Rule 1 valuation method, why are we trying to project a future EPS to arrive at a future value? Shouldn’t we try to project what the future free cash flow will be in the future rather than EPS, if EPS is a fictional number?
if you are a millennial and want to buy a house, this is how you should buy it; you are not buying your dream house, you are buying this home to make money, if you are able to buy a house in your 20s ( or heck even in your 30s ) this will not be your only home, so for that first home, your goal is; to make as much money out of it as possible
so for example; buy a place that has an upstairs and a downstairs, and completely suite off the downstairs ( better yet, find a house that is already like that ) then when you own the house, you can use the rent money to help pay off your mortgage or just help expenses in general, then X amount of years later when you go to move out, if you paid enough of that mortgage off, you can rent out both sides, and now you have a steady steam of income coming in when you go to your next house ( and again, if you are still relatively young, less than 40 )
i would do the same thing, find another place that is going to make money, live there for X amount of years, and then when you are finally around retirement age, THEN you might be looking for the "dream house" but because you were smart earlier on, you have 2 rental properties bringing in at least 4 incomes that will help you on your way to retirement or at the very least, make it so your expenses arent as bad
Best advice was don’t be house poor, don’t monthly payment yourself to death or ignore total debt, spend what’s left after saving, get the best quality health benefits you can afford while still healthy. And when it comes to running/growing a successful business: cash flow, cash flow cash flow. Have a great 2020 friends!
Hey Phil, do u get some sort of commission or something to get us to stay investing. Idk, just asking. You've always for to be vary of anyone and everyone in today's world.
My daughter went to Cal State Northridge and got her accounting degree. When she was doing her internship in audit, her boss said to her, "See all those people? They all went to USC and UCLA and they all owe $100,000 plus on their loans. I went to CSUN like you and my tuition is all paid and I make the same amount as them". I personally went to Eastern Washington University and it was much cheaper (in the 80's) but I make a very good living and just my tuition, at the time, was $345 a quarter.
Money has to work. – That was my former boss telling me. He started as a welder, now he is an entrepreneur with a company of 450 employees and a real estate investor.
I started searching and stumbled over Phil Town (actually it was a recommendation by Brian Tracy). I made a 56% return on my rather humble investments in the last 10 months.
Hi there everyone check out my robinhood dividend stocks
thanks phil im 15 and you´re helping me going to get a great life.
Do the opposite of the herd. Use leverage.
some NOTES here
1. FOCUS ON BUYING A HOUSE: It made sense to invest in real estate at your parents age because it was cheap to buy but not any more.
2. ITS ALWAYS WORTH TO GOTO COLLEGE: Going to college was worth for your parents because it wasn’t expensive. In today’s world if someone wants to goto college have to spend thousands of dollars which you will be able to pay off after ten years of professional life. Take a look at how much will you be able to make with & without it.
3. YOU CAN RETIRE WELL SIMPLY BY SAVING: Just saving money is not a good way to retire. Learn how to be a good investor.
My passion is to share summaries like started doing it on my channel with PDF summaries ✌
Its time to get rid of false believes now ?
This video is truth!
Hey Phil
am Haytham and am a fan from Saudi Arabia
I wish I came across you 15 years ago, I would have saved a fortune
But now I consider these loses as educational fees 🙂
$5,000 for a house. I can't even imagine that. Crazy.
Your daughter did master's in "comparative religion" for a $100k a year????? WHAT !?! Is that even a field with a paying job prospect?!
"Bussing dishes at a sorority." I like your style.
By the time I'm in my seventies My kids will have to be billionaires to be able to pay rent lol
Uncle Phil!
I got advice not to invest in stocks. Lol, they meant well. Now most of my networth is in quality dividend stocks.
The best advice was after I finished college, joined the Army and my boss told me to start investing. This was the best advice ever. ?
Learn how to invest
Invest right now and watch compounding do the trick that's the best one, Man I'm in my late 20's and it's been almost 2 years started saving and investing listening to you and two other guys, you guys have saved at least a decade of my life if not more in financial literacy. Big THANK YOU AND LOVE from INDIA
oh you mean the investing advice they never gave me ??
Yesssss Phil town videos yesssss
(Some of the hardest financial lessons are the ones you have to unlearn, and you are helping everyone by making these videos!)
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