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27 comments
Horrific advice
S&P 500 annual returns by decade:
1980s +17.3%
1990s +18.0%
2000s -1.0%
2010s +13.4%
2020s +14.4%
Boomer advice…
Don't follow it. Living with parents make yu save TONS of money!
Investing in a Roth IRA is a great option because it's funded with after-tax dollars, allowing your contributions to grow tax-free over time. When you retire and start taking money out, you won’t owe taxes on your withdrawals, helping you hold onto more of your savings. I personally retired with $5 million.
Don't move out until you build up decent savings.
Open a Roth IRA, invest in a growth ETFs, NOT mutual funds, (boomer shit).
Start with minimal investing if your income isn't there, or just hold off until your income increases.
Make sure you are in a position to move up in your career.
BTW, it's giving "MOVE OUT STOP LEECHING YOU DUMB KID" energy. Boomer.
A lot of what’s mentioned here lines up with what Caren Janelle Jacobs teaches. She’s a great resource if you want to learn more.
It's truly remarkable that trading investment has helped a lot of people in achieving their goals, and taking away many struggles.
Purchasing a stock may seem straightforward, but selecting the correct stock without a proven strategy can be exceedingly challenging. I've been working on expanding my $210K portfolio for a while, and my primary obstacle is the lack of clear entry and exit strategies. Any advice on this matter would be greatly appreciated.
Building wealth from nothing involves consistent saving, disciplined spending, and strategic investments. Begin by creating a budget to track expenses and identify areas for savings. Prioritize paying off high-interest debt and establishing an emergency fund. As you build a foundation, start investing in low-cost options like index funds, and focus on continuous learning and improving your skills for better income opportunities.
I was living alone from 18 to 28 and then because of health reasons had to move back to my parents and stayed for 2 tears while working. I really regret the years that I was paying half my monthly salary to rent a house and live alone. Living with my parents helped not only me to save rents but also my parents as we shared the bills. Now, I dont stay anymore with them but I landed a job that offers free accomodatuon so I can continue saving money.
I was skeptical about online financial advice until I found Caren Janelle Jacobs. Her stories are so relatable and her tips really work.
He needs to be investing in cryptocurrency
I prefer investing in closed-end funds that distribute monthly dividends. The key is to take a long-term approach-reinvest those monthly dividends and continue purchasing additional
shares regularly or whenever finances allow. Since closed-end funds trade like regular stocks, this strategy is simple to implement. Over time, it can build a portfolio that generates $50,000 to $70,000 in annual dividend income.
Quality content, thanks!
You should ask someone else that question😂
Good and helpful video. I am new to this and I have 20k to invest, how will I gain in a short period this 2025
I'm a retired widow and proudly debt-free. You spoke about investing in solar energy and electric vehicle charging stations in one of your videos, I'm now earning up to $81,000+ since I started. It’s been a total game changer, giving me peace, stability, and the freedom to enjoy life with everything I truly need.
Dave’s good, but the generational gap is noticeable. The propaganda to move out so the government, land owners and banks can start making money off your work is overwhelming. Be smart and help your family grow.
I disagree with Dave, move out. Bruhhh as long as his parents want him there. Who cares. Do all that and help mom and dad out. Dave is an old geezer
If u don't have partner why would you move out?
I live at home . 31. Feel like i gotta go soon. But i did build a little business. I have 6 rentals now. No job tho. Just business. Gunna do yards or something next.
So basically… stop trying to save and “be an adult with problems first”? No thanks lol
Creating wealth entails establishing positive routines, I had only $78k to my name at 42 when I first woke up to this reality. I chose the stock market as a medium of growth, got an excellent financial advisor, Financial management is a vital subject that many avoid, often leading to future regrets.
19 with 50k in bitcoin TO THE MOOOOOOOONNNNNNNN
I don’t think it’s the worse thing for my parents but after being in college for 4 years and having my own place and independency I will never go back. I’ll suffer if I have too and I have great relationship with my parents. I just think you grow more as a person but it all depends on what your goals are.
What is it with Americans and their obsession with moving out early, save some money damn support your parents
Funny you guys mention this. I was stuck spinning my wheels in the market until I caught a CNBC segment on Velinda Morlandt. She’s not just a trader, she’s a portfolio whisperer. I reached out, and within 3 months, my investments flipped from flat to flying. Hands down, the best move I’ve made.