Humphrey Yang 
In this video I detail 7 proven steps to make your first Million! It may take some time, but if you follow these steps to a T… there’s no doubt in my mind that it will guarantee the path to wealth. Make sure to also follow on Twitter for daily tweets: https://twitter.com/humphreytalks
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WHO AM I?
Hello 👋 I’m Humphrey, I used to be a financial advisor, worked in gaming/tech, and started my own eCommerce business. I make practical, rational content on investing, personal finance, the news, and much more with a data-backed approach. My goal is to help you with financial literacy and creating wealth.
PS: I am no longer a current Financial Advisor, any investment commentary are my opinions only. Some of the links in this description are affiliate links that I do receive a commission for & they help support the channel!
⏱️ Timestamps:
0:00 – Start Here
0:18 – Invest Aggressively & Often
3:40 – Tax Advantaged Accounts
5:54 – Cost of Debt
7:06 – Increase Income
10:11 – Track Your Progress
11:32 – Bonuses or Windfalls
12:51 – Staying Consistent
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About The Author
Thanks for watching! What was your favorite step? Let me know in the comments
Your templates are great! Been using them for months now and I’ve been seeing a steady increase in net worth, savings, and a decrease in random spending
I started stacking to SAVE wealth. I've always been the type of person to spend my entire paycheck. I hate having money just sit in the bank. I am under pressure to grow my reserve of $250k. before I turn 60, I would appreciate any advice on potential investments.
The continuously changing economic conditions in our society have made it necessary for people to find additional sources of income; thus, I am looking at the stock market to fuel my retirement goal of $3 million.
Retiring early! I wonder how realistic it actually is. It’s one thing to have that goal, but if you don’t have a plan, things can go sideways pretty quickly.
Waking up every 17th of each month to $210,000 it’s a blessing to I and my family Big gratitude. Started with 14k in last month 2024
I started saving aggressively in my 20s and it's made a huge difference. My financial advisor says it's the key to achieving financial freedom.
Thanks for the analysis! I need some advice: My OKX wallet holds some USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). How can I transfer them to Binance?
I have the opportunity to earn 9%-27% of my yearly salary in bonuses from my employer if our company meets its goal for the year, and I should be getting 18% this year. I also pull in funds from VA disability that I don’t use. After doing the math I can save $40,200 per year for increasing that for the next year. I want to put at least some of that into my HYSA so that I can have funds readily available if needed. How should I break this down?? Anyone may respond, I will accept any feedback. Thanks all!!
Nobody can become financially successful overnight. They put in background work but we tend to see the finished part. Fear is a dangerous component, hindering us from taking bold steps we need in other to reach our goals. you have to contend with inflation, recession, decisions from the Feds and all. I was able to increase my portfolio by $289k in months. You have to seek for help in the right places.
At this 8% example or if you go up to 10% a year you have around 35-45% of the value you would've had if you started 10 years earlier. I'm not sure this math is 100% correct, but you basically have 50% less if you wait 10 years until you start(simply put). I do get that people understand how much a 500k difference is, but atleast for me a percentage of what I could've had makes a bit more sense. Hope some people feel the same 🙂
401k is scam
Digitales Silber im digitalen Zeitalter: Litecoin ist ein digitales Edelmetall, kein Wertpapier. Litecoin ist seit seiner Einführung im Jahr 2011 nach Bitcoin die älteste Münze auf dem Markt. Die Knappheit von Litecoin ist das Hauptmerkmal seiner Technologie. Wenn die Dinge nicht gut laufen, greifen alle zu digitalem Silber und digitalem Gold, Litecoin und Bitcoin. Litecoin ist ein dezentralisiertes digitales Gut, genau wie Bitcoin, aber nicht annähernd so stark in wenigen Händen konzentriert wie Bitcoin. Beide haben einen Proof-of-Work-Konsens und beide haben ein begrenztes Angebot an Münzen. Nur dass Litecoin leichter, schneller und gegenüber Bitcoin stark unterbewertet ist. Litecoin (LTC) ist ein digitales Gut und bietet außerdem einen guten Inflationsschutz, da insgesamt nur eine begrenzte Anzahl von 84 Millionen Litecoins geschürft wird.
I also love Wolves and Finance
Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got to talking about investment and money. I started investing with $150k and in the first 2 months, my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and get more interesting. For over a year we have been working together making consistent profit.
I’m tired of all this 401(k), Roth, IRA retirement tax advantage
Talk…
What’s the point of making $1 million if you can’t use it until retirement age many of us aren’t going to make it that long .
Let’s change the term generational wealth to “Pinball funds”
Sincere thanks for your spreadsheet. Love your video series on the Pamp Gold factory visit! Collector of Pamp gold myself too. 😊
Both of my kids had $10,000 in their Roth IRAs by age 18 and contribute $2,500 each year. Once they graduate from college they will begin to max out their accounts. They also have a cash savings of $20,000. I will show them your video and have them increase their contributions to $3,000. Thanks!
I have been investing for a few years. I have reached a point where I could benefit from financial advice to improve my $200,000 portfolio for retirement, how do I maximize my ROI?
Question about the credit card debt numbers: when they take these in the survey does that assume it is not paid off each month? We use credit cards as out daily spenders for the points/cash returns but also pay it off each month. As a result we have 3-4k in credit card 'debt'. I've just never taken on of these survey or see how they analyze that data.
Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got to talking about investment and money. I started investing with $150k and in the first 2 months, my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and get more interesting. For over a year we have been working together making consistent profit.
The thing you're not taking into account with the 401k though is you have to be vested in the company for at least at least 3 to 5 years. So like if you do, do the 401k match and you're going to leave that company in like 2 years. I don't really think it's worth it. I think a Roth IRA is better
Commenton the job hop scenario. You jump jobs every 2 years and get pay increases but many jobs don't allow you to contribute to a 401k for several months after starting and employee match usually rolls in slowly over the first few years. Curious how this would impact the numbers shown. I am sure the 20% pay increase still overpowers these things and shouldn't be a reason not to find a better paying job but food for thought.
Saving 4k a month in my early 20s
lol! I have seen some videos of Graham.
Hit 240k today. Appreciate you for all the knowledge and nuggets you had thrown my way over the last months. Started with 24k in August 2024.,,..
Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got to talking about investment and money. I started investing below the $100k mark and in the first 2 months, my portfolio was reading $234,800. Crazy right!, I decided to reinvest a huge percentage of my profit and it got more interesting.! For over a year we have been working together making consistent profit just bought my second home at the beginning of summer
I really appreciate the dedication in each video you post. To be successful one has to have multiple income streams and so on, also investors should understand the crossover between asset classes & liquidity flow, Angie Chen Owens focuses on Multi-asset trading, a single strategy to manage risk, profit, and the code or the actual decision-making across multi-asset classes. Her skills set is top notch
Is a 3% annual raise at work considered the average, since that's the figure used in the video? If so, what is considered a "good" versus "bad" annual raise percentage? What percent would you look for to justify not job hopping?
Graham Stefan is a broke man!😂
The only suggestion would be not to guarantee 8% annual growth in an investment, nothing is guaranteed. Past performance does not guarantee future performance and not reminding this can be misleading to beginners. If you don't believe me ask people who were investing in the Nikkei 225 before the 90s…
I will be forever grateful to you, you changed my entire life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Katherine Stewart.
Amazing video, you work for 40yrs to have $1M in your retirement, meanwhile some people are putting just $10K into trading from just few months ago and now they are multimillionaires, thanks Brooke Miller
Just sold some properties with my family and looking into stocks to buy… this should be exciting
your not going to be a millionaire overnight in 2025 it takes decades of investing to hit a million dollars with consistent investing
When you talk about the savings rate, are you talking about money solely saved for retirement? Or are you talking about all the different kinds of savings accounts that you should have like? Retirement, emergency fund, child's college tuition savings, etc?
My financial advisor also said don't check it everyday. It's been almost 2 years later and I still almost check it everyday 😂. I love it too much and I trusted that he was correct that it'll go up and down in cycles but earning still happens overall. Love this.
Great video ❤
Great video but just an FYI, mad spam comments here trying to get people to fall for investment traps.
The problem we have is because Most people always taught that " you only need a good job to become rich". These billionaires are operating on a whole other playbook that many don't even know exists.
I'm ecstatic with the outcome of the election and the year-end market surge. Which hidden jewels in the upcoming bull run would you buy with a 100K right now? My goal is to position myself for a prosperous Q1 in 2025.
I Hit 110k today. Thank you for all the knowledge and nuggets you had thrown my way over the last months. Started last month 2024. Financial education is indeed required for more than 70% of the society in the country as very few are literate on the subject. thanks to Brooke Grace Miller for helping me achieve this
Bank worker here, right pic in clickbait(assuming 100s) is far more than a million, can fit a million in 100s in not to big of a container
Started at 19
I'm favoured, $60k every week! I can now give back to the locals in my community and also support God's work and the church. God bless America..
Should I do a roth 401k or a traditional? My employer offers both but i’m not sure
Great video. I hopped every 2-3 years in my 20s and saw my income triple quickly; it also helps you figure out what you really want to do, what type of org you want to work for and the kind of people you want to work with. I’m at the point where I’m good with where I’m at and the stability (with kids now). Automate it all! I’m 42 with a liquid NW over a buck. I did nothing special or risky, just aim to max out all the tax advantage accounts as you earn more and let it ride 🙂
im still waiting for the ethereum ETF review bro! your opion is valuable. screw those who would not be interested in that review!
Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Instead of trying to predict and prognosticate the stability of the market and precisely when the change is going to happen, a better strategy is simply having a portfolio that’s well prepared for any eventually, that’s how some folks' been averaging 150K every 7week these past 4months according to Bloomberg.