If You Are Struggling Financially - This Video Is For You
Published: 2024-07-06
Status:
Available
|
Analyzed
Published: 2024-07-06
Status:
Available
|
Analyzed
Predictions from this Video
Incorrect: 0
Prediction
Topic
Status
The speaker suggests investing in the VTI ETF for broad exposure to the total stock market, encompassing thousands of companies. Returns are realized upon selling.
"I know I not telling you what to invest in but if you go out and you invest in the ticker symbol vti this is an ETF it's a fund if you go out and you invest in this vti fund and you can do it on pretty much any stock brokerage you are investing in the total stock market so now instead of investing in one company or two companies you're investing in the thousands of companies in the stock market if the stock market goes up on average you make money if it goes down you lose money but technically speaking you don't actually make money or lose money until you sell it's just on paper"
Pending
For investors seeking exposure to the top 500 companies, the SPY ETF is recommended, offering investment in the S&P 500.
"but maybe you want to be a little bit more granular maybe you just want invest in the top 500 companies in the stock market well that's known as the SNP 500 if you wanted to do that you can invest in something likey spy is a fund that gives the exposure to the 500 largest companies in the stock market"
Pending
The QQQ ETF provides exposure to the NASDAQ index, which is suggested as an investment option.
"maybe you want to invest in the NASDAQ you might have heard people talking about the NASDAQ before QQQ is an ETF that gives the exposure to the NASDAQ"
Pending
The speaker advocates for a 'decade of sacrifices' approach, focusing on spending less and earning more over ten years to increase investment capital for assets.
"you want to spend the 10 years working hard to spend less and earn more so you have more money to invest and buy assets"
Pending
To protect personal assets in real estate investments, it is advised to own properties through LLCs rather than in one's own name. This limits liability to the assets held within the LLC.
"don't own the real estate in your own name you could have like a LLC or other type of entity own the real estate that way it's not you that owns a real estate for example I invest in real estate but I just saying own zero rental properties my llc's own the rental properties and I own my llc's that way if a tenant slips and falls in a property the most they can take is whatever the LLC owns they can't come after my personal assets"
Pending
The speaker advises directing saved money towards investments, including one's own business ideas, to build wealth.
"what you want to do now is you take the money you don't spend and you want to shove that money here as much money as possible you want to put that here and yes this business can also be your own business idea"
Pending
Investing in the VTI ETF provides exposure to the total stock market, encompassing thousands of companies.
"if you go out and you invest in the ticker symbol vti this is an ETF it's a fund if you go out and you invest in this vti fund and you can do it on pretty much any stock brokerage you are investing in the total stock market"
Pending
The SPY ETF offers exposure to the 500 largest companies in the stock market.
"if you wanted to do that you can invest in something likey spy is a fund that gives the exposure to the 500 largest companies in the stock market"
Pending
The QQQ ETF provides exposure to the NASDAQ index, which includes technology-focused companies.
"if you wanted to do that you can invest in something likey spy is a fund that gives the exposure to the 500 largest companies in the stock market maybe you want to invest in the NASDAQ you might have heard people talking about the NASDAQ before QQQ is an ETF that gives the exposure to the NASDAQ"
Pending
A 'set it and forget it' system for automatic monthly or bi-weekly investments into chosen funds is recommended.
"you got to find a few funds that you want to invest in and then you set a set it and forget it system every month every two weeks every one week money gets pulled out of your checkins account and it just automatically invested"
Pending
To secure a $10,000 raise, one should focus on becoming valuable, exceeding expectations, and improving skills to offer more value to the employer.
"ask your boss for a $10,000 raise but do it the right weight don't just say hey boss can I get an extra $10,000 you're going to get kicked out of the room the way you get that extra raise is by number one making yourself valuable showing your boss why you are a great employee number two going above and beyond learning outside of the job improving your skills learning about how you can provide more value"
Pending
Individuals can create their own income by monetizing skills, products, or ideas through online or in-person sales.
"work to go out and create your own income sell something sell something online some something in person do you have a skill do you have a product do you have an idea that you can monetize"
Pending
The speaker's full-time job is running their business, Briefs Media, which involves significant investment of time, energy, and money into its growth.
"briefs media is the company that I run I make these YouTube videos this is kind of like my hobby but my business my full-time job is running briefs media and I've spent a lot of time and energy and money working to build and grow briefs media"
Pending
As wealth is built, it's crucial to hire smart individuals, including those smarter than oneself, to protect that wealth.
"if you have a business you got to hire smarter people than you if you don't have a business you still got to hire smart people because now as you build wealth you need people people that are smarter than you to protect your wealth"
Pending
When investing in real estate, it is advisable to own properties through an LLC or similar entity rather than in one's personal name to protect personal assets.
"if you're investing in real estate don't own the real estate in your own name you could have like a LLC or other type of entity own the real estate that way it's not you that owns a real estate"
Pending
To assess if a company is overvalued or undervalued, compare its financial metrics with those of other companies in the same industry, using McDonald's, Chipotle, and Yum Brands as examples.
"a simple and basic way to understand if a company that you're thinking about investing in is overvalued or undervalued is by comparing these numbers from one company to another within the same industry so what I want to do for the purposes of this video is I'm going to compare McDonald's I'm going to compare Chipotle and I'm going to compare yum brands"
Pending