Tag Archives: rich

HOW TO BECOME A MILLIONAIRE WITH $5 A DAY

**HOW TO BECOME A MILLIONAIRE WITH $5 A DAY**



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you know before making this video I was just thinking back to some of the greatest things that I learned in my days in school we sure did learn a lot of great stuff in school didn't we for example if you give me the link of two sides of this right triangle here I can actually tell you the length of this third side right here pretty useful stuff huh I can also write in cursive play hot cross buns on a recorder and I can even spell boobs on a calculator my favorite lesson in high school though was how to become a millionaire with just five dollars a day wait a second I didn't learn that in high school did I did you guys learn that in high school did anyone learn that important lesson in high school or was that just left out when we were learning how to cite a source using correct MLA format my point here is about 99% of what you learned in school is useless information and this is a very important lesson that was left out that I'm going to share with you guys today I'm going to show you how to become a millionaire with five dollars a day this is the magic of compound interest pretty magical all right so the first thing I want to point out to you guys is this you cannot save your way to millionaire status one of the most common things people tell you to do if you're looking to grow your wealth is to save your money and put it in the bank that is the most stupid piece of advice anyone could give you because that is a guaranteed way to lose money I'm going to explain why that is so first of all if you have five bucks a day can you simply save your way to millionaire status absolutely not here's an example let's say for whatever reason you were able to save five dollars a day from the day you were born to the day you were a hundred let's say you even lived to be a hundred years old if you save five bucks a day for a hundred years it will have one hundred eighty two thousand five hundred dollars that is a far cry from a million dollars so unless you're planning on living past five hundred years old you cannot save your way to millionaire status second of all interest rates in a savings account do not keep up with inflation so you cannot put your money in the bank and expect it to keep up with inflation so in 2016 inflation was two point one percent okay the average checking account pays zero point zero five percent interest on the money you put in there so here's just an example in terms of how much money you're losing by keeping your money in a savings account so ten thousand dollars in 2015 is equal to ten thousand two hundred 10.20 sixteen based on that two point one percent rate of inflation now let's say you had ten thousand dollars in your checking account over that year as well so you're ten thousand dollars grew to an astounding dollar amount of ten thousand and fifty dollars at that point so you made fifty dollars okay also known as you just lost one hundred sixty dollars of value maybe that doesn't sound like a lot of money but if you had a hundred thousand dollars in there you just lost sixteen hundred if you had a million dollars you just lost sixteen thousand dollars because your interest rates are not keeping up with the rate of inflation so that is why a savings account is a guaranteed way to lose money so when people recommend you save your way to retirement or you save your way to being rich that's a guaranteed way to lose money there you're basically guaranteeing that you're going to fork over a lot of money because you're not going to keep up with the rate of inflation with what these banks pay you as far as interest goes so what is the solution to this problem I'm going to give it to you right now I'm going to show you how to become a millionaire with five bucks a day all that I ask you guys to do is subscribe to my channel and drop a like on this video and help this message be spread to other people out there who are stuck saving money in a bank account all right guys here it is here's how you become a millionaire with five bucks a day no this is not some course that I'm selling for a thousand dollars on how to become a millionaire that has 40 hours of video content this is this is four steps four steps guys and you can become a millionaire with five dollars a day okay here's how you do it number one set aside five dollars each day I'm talking about the amount of money you probably spend at Starbucks every single day at the end of the month you will have one hundred fifty dollars saved up okay what you're going to do with that money you're not going to put it in your bank account you're going to invest that money you're going to invest in a diversified portfolio of blue-chip stocks and investment-grade bonds okay for those of you who don't know blue chip stocks are these stocks of well-established companies they have a very high market capitalization they are things that have been investing in for many many years and over the last 100 years on average blue chip stocks have paid a 10 percent return you're also going to be investing in investment grade bonds these are high-quality low-risk bonds over the last 100 years these bonds have paid out on average 6% what I recommend doing is investing 50% of your money in blue chip stocks and 50% of your money in investment grade bonds over the last 100 years on average this portfolio page you 8% return on your investment you're never going to sell you're going to leave it there and you're going to let it compound over time you're taking advantage of compound interest now you may not have enough money each month to invest but you're going to save that money and when you do have enough money you're going to buy more shares of blue chip stocks and you're going to buy more investment grade bonds okay after 50 years now we're talking 50 years I know that sounds like a long time but like we said before if you save five dollars a day for a hundred years you'll have a hundred eighty two thousand five hundred dollars okay so now we're talking about half the time 50% less time we're talking 50 years okay you do this for 50 years and due to the magic of compound interest you now have a portfolio worth 1 million thirty two thousand seven hundred eighty six dollars and 28 cents you just became a millionaire for the price of a starbucks cup of coffee each day why is this lesson not being taught in school I have no idea it's very frustrating to me that's why I started this channel on YouTube they try to educate you guys on the power of investing and how it can really change your life anyways guys that's all I got for this video if you guys enjoyed it please drop a like please consider subscribing to be notified of any future uploads and please please share this video with other people so they can have their eyes open to the magic of compound interest and how you can become a millionaire with five dollars a day thank you guys for watching this video

কিভাবে টাকা জমাবেন এবং বড়লোক হবেন।How to save money and grow Rich 2017 trick tips in Bangla

**কিভাবে টাকা জমাবেন এবং বড়লোক হবেন।How to save money and grow Rich 2017 trick tips in Bangla**



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HOW TO SAVE MONEY AND GET RICH(HINDI) – THE RICHEST MAN IN BABYLON BOOK SUMMARY CONNECT TO GET KNOWLEDGE FROM SOME OF …

5 Extremely Rich People Who Live as Poor

**5 Extremely Rich People Who Live as Poor**



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Please, tell me, have you ever dreamt of becoming a millionaire? A beautiful life, a couple of planes, a mansion in the Caribbean and a company producing your favorite kind of sweets… Well, why not? Real millionaires can afford all this! But yeah, not all the owners of huge fortunes like to waste money. Even if they have the opportunity to live a luxurious life, they are still modest and thrifty people. Or they just hide carefully their wealth and luxury items, so that no one could ever find them. And now we are gonna show you the most modest rich people.
hi guys please tell me have you ever dreamt of becoming a millionaire a beautiful life a couple of planes a mansion in the Caribbean and the company producing your favorite kind of sweets well why not real millionaires can afford all this but yet not all the owners of huge fortunes like to waste money even if they have the opportunity to live a luxurious life they are still modest and thrifty people or they just hide carefully their wealth and luxury items so that no one could ever find them and now we are gonna show you the most modest rich people Tim Cook Tim Cook has been the CEO of Apple for six years now he managed to accumulate a solid capital during all this time according to various sources his fortune exceeds 500 million dollars just imagine that pile of money imagine how many things you can buy however Tim leads a modest lifestyle for a millionaire he likes cycling and wearing simple office clothes also his house in Palo Alto is only 2,400 square feet that is practically a hut compared to other properties in the Silicon Valley when asked about his lifestyle cook states that his modest lifestyle helps him remember how he started and where he comes from besides he says that money is not a motivation for Sergey Brin it's probably a bit strange to see in this list a person who actually possesses two personal aircraft and elite properties but Sergey Brin one of the founders of Google sticks to the principles of saving despite having a fortune of more than forty billion dollars for example he purchases a special annual discount in a store chain of inexpensive clothing where he renews his wardrobe yes you got it right the person who created Google every year purchases a discount card in an inexpensive clothing store moreover Sergey Brin hasn't changed this tradition in many years but if his love for cheap clothes seems to you an insufficient argument then here are some more facts Brin says that he always compares prices in stores and buys products where they are cheaper and he never leaves anything uneaten in a restaurant Mark Zuckerberg who doesn't know the founder of Facebook Mark Zuckerberg maybe you've even seen the movie where Jesse Eisenberg portrays him but if you haven't seen it don't worry according to Mark himself the film wasn't very truthful today one of the richest technological magnates despite having an impressive capital of more than 71 billion still looks like a poor student and is clearly not going to change his lifestyle he wears simple sweatshirts and Adidas flip-flops and he has about two dozen absolutely identical t-shirts with the logo of a well-known social network in his wardrobe of all the food Marc prefers McDonald's even during the wedding trip he didn't change his tastes and was seen in one of these restaurants with his young wife by the way the wedding was also very modest they got married in the backyard of their house with only 100 guests and after the ceremony they all had sushi it doesn't seem like we are talking about the founder of the most popular social network in the world right Warren Buffett the 87 year old American entrepreneur and head of Berkshire Hathaway Warren Buffett is not only the world's the largest investor but also a very modest man he even complained to the US government that he pays not enough taxes despite his multimillion-dollar fortune Buffett still lives in his old two-story house in Omaha which he bought back in 1957 like Mark Zuckerberg Warren prefers to eat fast food he liked one fast food chain so much that he bought the whole chain according to the billionaire he tries to avoid luxury goods because any expensive purchases are an extra pain in the neck although this didn't prevent Buffett from buying several private jet planes but what can you do even the most modest rich men have weaknesses invar comprar IKEA founder Ingvar Kamprad is sometimes called the most modest billionaire in the world and this is quite right in one interview he revealed that his car was more than 15 years old but if this can be explained by some touching affection for his Iron Horse the economy class flights clearly show his tremendous modesty in addition on business trips the billionaire stays only in three-star hotels uses mainly public transportation dines in small restaurants and even eats hamburgers according to Ingvar his whole house is fit out with expensive furniture from Ikea with the exception of an old chair and a clock he has been using this chair for more than 30 years and obviously he doesn't plan to part with it after all says Ingvar new is not always better

How To Get Rich Without Extra Income Or Saving - How To Get Rich Without Leaving Your Job- Hindi

**How To Get Rich Without Extra Income Or Saving – How To Get Rich Without Leaving Your Job- Hindi**



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We all want to get rich, but most of us do not know how to get rich. In this video, I am giving you some simple and most effective tips to get rich. These methods …

Saving Money As A Couple 2019

**Saving Money As A Couple 2019**



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How To Save Money as a couple | $250000 Saved Tips for Saving Money When You Have Low Income Tackle High-Interest Debt First In order to start saving …