From $0 to Millionaire in 10 Years (Is it Possible?)

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Title	:	From $0 to Millionaire in 10 Years (Is it Possible?)
Lasting	:	56.23
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The easiest way to become a millionaire is to convert your currency to dong $40 dollars is $1,000,000 dong
Comment from : James

I dont believe its possible to start with an actual 0$brwith 0, you cant do anything, you cant start a business, you cant invest, so how can you leverage 0 to anything without even some kind of back up, you will need to work to have some kind of say, a few thousand to start small business to start selling yourself and suchbrpeople saying they did was not from an actual 0$, they had some kind of leverage somewherebrif you own nothing and you have less than 1k$ in your saving, beside having a well paid job to back you, its just not feasible
Comment from : Siyano

if you live in a multfamily you can use your FHA loan to do 35 down, you pay allot of PMI and you have to refinance to get rid of it but its possible
Comment from : Jeremy Komer

When I was deciding what university to go to a lot of people were asking "Aren't you afraid to go there?" What was happening was I afraid to let the opportunity pass and NOT go there brI couldn't be happier with my decision 😁brI guess in a way it was FOMO but I knew the safer road was going to be harder
Comment from : Ayanna Fit

It took me 11 years Started at 23 Networth millionaire at 34 Lost $200k along the way too 😬
Comment from : Brok Homz

I didn't save a dime and partied like a rock star from 20 to 30 years oldhit a million in the lotto at the end of year 9 😅 Its easy
Comment from : cplante225cp

0:08: ✨ Exploring the possibility of becoming a millionaire in 10 years and the three key ingredients for wealth creation br4:57: 🎲 Speculating is a high-risk, short-term strategy focused on making quick profits, while investing is a long-term strategy with lower risk and probable returns br8:53: 🏢 Real estate can be a risky investment that requires active management and leveraged debt br13:24: 🏠 Buying a $17 million home with a small down payment is challenging due to high friction costs, finding a lender, and the large monthly payment br18:21: 🏠 House hacking can be a legitimate opportunity, but there are some flaws to consider br22:26: 🏠 Flipping houses can be profitable but there are several costs and challenges to consider br26:43: 💰 Real estate investment requires a realistic understanding of costs and sufficient funds to weather the bad times br30:51: ⚡ Entrepreneurship requires a strong why and passion to overcome challenges br35:12: 💼 Building a profitable business takes time and effort, with success often taking several years to achieve br39:53: 📈 Running a successful business takes time, planning, and forethought br44:01: 💰 Investing in index funds is a viable way to build wealth over the short and long term br48:26: 💰 Saving a million dollars in 10 years requires a high income or a minimalistic lifestyle with a high savings rate br52:46: 💰 The key to wealth creation is spending less than you make and investing the difference over time brRecap by Tammy AI
Comment from : Lily

I love the Lamborghini math 😂 Let me rent it out for the purchase price, surely there's a dumbo out there who will rent it at that price instead of outright buying their own 😂😂😂
Comment from : Kwami A

: )
Comment from : Bacciagalupe

Am 58 retiring next year but the thought of retirement gives me weakness My apologies to everyone who have retired and filing social security during this time after putting in all those years of work just to lose everything to a problem you never imagined to happen It’s so difficult for people who are retired and have no savings or loved ones to fall back on
Comment from : Jaküb Ageter

There is potential for considerable wealth increase with the correct strategy I want to know; How can one take advantage of compound interest and potentially grow your retirement savings/net-worth to about $3M over time?
Comment from : Addilyn Tuffin

I follow these general simply rules and thisbrhas worked amazing for me Diversify, dollarbror pounds cost averaging investing method,brportfolio re-balance every quarter with mybrCFA and I have mainly an allocation fund withbrmix of SP500 managed ETFs/ index fundsbrworked out the best for me and my portfoliobrgrew over 245 last year just hit the 7 figurebrmarkGrateful to Rebecca Martin Watson
Comment from : George Hughes

I started buying some more stocks at the beginning of the year, but nothing big Why am I treating this so harshly? I still want to be the first person in my polygamous family to make a million dollars despite the fact that others in my field make six figures per person I am well aware of the costs associated with working more to get more money
Comment from : Liam Tremblay

Absolutely possible! Just let me pick which 10-year period we’re looking at…
Comment from : Scott Hess

You need cash reserve to invest in real estate safely My wife and I made this rule that we have to have $100k I liquidity to buy the next house and 20 in equity in the recently purchased house
Comment from : Deo Wahju

Fact Happened to me and my wife 10 years ago only had maybe 8-10k net worth Fast forward about 10 years we are at just over 1M, paid off mortgage and 0 debt of any kind while maxing out our retirement accounts and 2 year worth of emergency fund It can be done!
Comment from : Eplugplay

Do this for this amount of time oh yeah I forgot NEVER SPEND IT Emergency? Fuck it This is your retirement
Comment from : Lillian Gish

I try to max Roth IRA every year Any money left over should I put it in a brokerage account?
Comment from : Joe

I try to max Roth IRA every year Any money left over should I put it in a brokerage account?
Comment from : Joe

I try to max Roth IRA every year Any money left over should I put it in a brokerage account?
Comment from : Joe

The easiest way to be a millionnaire in 10 years is to start investing aggressively at a young age You wont be a millionnaire at the 10 year mark but you are guaranteed to be a millionaire when you ate gonna need it even if you stop investing after that 10 years Time is the best tool to build wealth
Comment from : Winters

We made it in six years… but only because of really good jobs, lifetime low rates and the once in a lifetime housing market those rates created… we’d be 7/10 of the way there with just normal trends
Comment from : Don and Bev Perkins

We did it in 14 years 7 years after that, we are crossing the 2 million mark It's all good !
Comment from : Bob

I did it! I started in 2008 with a negative net worth ($-20,000) I began by building an emergency fund and investing in index funds, but the thing that really did it was through real estate I bought my first property in 2014 I saved for more down payments and also used cash-out refinances to buy more properties By 2018, maybe 2019, I had a net worth of $1,000,0000 In 2023, I'm at around $2,000,000 (50 real estate, 35 index funds, 5 cash, 10 personal residence) Of course, I benefited from a great market (real estate and stocks), but I think I used a safe long-term strategy
Comment from : Daniel Mills

Who on earth is getting 10 returns on index funds post 2020
Comment from : GeorgeBushDid911

Money Guys, I’m surprised you don’t strongly recommend a higher than 25 savings rate for high income earners For individuals making more than 200k/year, spending 75 on needs and wants seems like a breach of the Discipline component of wealth building It locks that individual into the standard 3 decade career timeline, which might be hard to maintain at that high level of productivity It also locks them into a high speed hedonic treadmill
Comment from : Logan Benson

I retired 2 years ago at age 58 paid off my mortgage To date we have not touched a dime of our retirement money I have 15 M in my portfolio It took me 6 years to get to this goal I started with 45K through my CFA ‘Lisa Rosa Cavanagh’ My dividends are supplementing my retirement at the moment It takes time and I invest in good companies I never sell the chicken that lays the egg (dividends) I just eat the egg
Comment from : Margot Crest

Just save 100k/year StOp BeiNg PoOr
Comment from : Nicol Bolas

I'm not kidding when I say that the market crash and high inflation have me really stressed out and worried about retirement I've been in the red for a while now and although people say these crisis has it perks, I'm losing my mind but I get it Investing is a long-term game It's just hard to focus on the long term playbook when I'm already in a massive loss
Comment from : Andrian

You guys give the worst possible examples of real estate investing every time you bring it up lol I’m not even a real estate investor besides owning my home I invest mostly in stocks But you guys come off poorly when presenting real estate and sound like you’re just talking your book Real estate is usually a better investment than stocks but it’s a lot of work and stocks are zero work Just be honest and say real estate is a second job and stocks are a passive investment
Comment from : Adam Brooks

In 2014, I became a millionaire at 31 Took me 3 years from 2011 but I am in tech/SWE during run up in virtualization I did not include house Only way to get there is to make $200k or more per year, be excellent in your work and live frugally I am now worth well over 8 figures and still doing tech for the challenge
Comment from : jfish147

thanks guys now Im maxing out my pretax $22500 roth $6500 and after tax $8500 and still saving $25000 cash annually at 24 Feel like im in a pretty good spot
Comment from : Mark Hoffman

Doable My hubby did it in 8 yrs
Comment from : Eleni Derez

Why is this CFA wasting his time on this show
Comment from : David C

I think you guys should do a show about getting to be a millionaire in 20 years I believe everyone, especially couples with normal to slightly above average paying careers can do this
Comment from : Nicholas Martinez

Very possible in 20yrs by just maxing out one 401k and one IRA and making the best investment choices
Comment from : B Poor

Fact if: you can save 5,000 per month AND get an average of 10 annual return!
Comment from : Nicholas Martinez

I currently have 4500 shares of SCHD! My goal is 5k shares This is my retirement plan!! My portfolio consists of 200 voo 200 vug 150 vgt 4500 SCHD! Is the future bright or not?
Comment from : Addison Willow

this is a good vide in my opinion
Comment from : ependysi

The Money Guy being the rain cloud following every "idea"😂
Comment from : Ed González

24:59 Well, somebody made more land near the Arabian Sea But it cost a fortune the sunk into the ocean
Comment from : Luke Hanson

Definitely possible I graduated 7 years ago with $0 to my name and I'm at $800K now I'm guessing I should hit $1M next year But I don't think it's easy, I've had a lot of career success and I am very frugal
Comment from : Victor

My wife and I make quite a bit through our W-2 jobs We have been stashing money away in IRAs, 401ks, and an after tax brokerage She recently changed jobs and now has a pension - I have no idea how pensions work and how I should calculate it into our savings goals Has the Money Guy Show done anything on pensions?
Comment from : 0ops Sorry

9:44 Don't buy your first house in 2007 with 0 down on an ARMask me how i know Barely held on to it but now I've moved out of state so it's a rental for me Worked out in the end but it was tough for several years to climb out of that hole sans bankruptcy
Comment from : Luke Hanson

My divorce left me at rock bottom So I got busy It took me 6 years at $100,000 invested a year to hit my first million Four ETF’s, a new found discipline/obsession and an insane amount of overtime lead me to a new life I found myself being happy and disappointed at myself at the same time I left a lot on the table over the years Never again Full steam ahead because I owe myself a lot I made my first million wearing a hard hat and vest Nothing is impossible Get busy!
Comment from : AMA Media

Entrepreneur here It was more like 15 years to reach profitability But it was a virtually 100 collected business in a growing community Glad I did it But it was tough at times
Comment from : Michael Swami

One of the best videos so far
Comment from : D S

So basically if you max out you’re qualified plan (mega Roth) which I think is $63,000 annually you’ll be a millionaire in about 10 years
Comment from : gthree0239

Idk I guess I can try brI'll let you know in a decade, pin this comment, and if it everything still exists, and I'll be back in 2033 and let you know if it's possible
Comment from : ZenTheGeneral

280k household and save and invest 90k a year, all post tax, with another 20k traditional in company matches We live decently comfortable, but try to be responsible on what we spend Too easy to justify buying stupid stuff, not to say we don't do that a bit still though haha It is definitely pretty easy to do this though with this income level or even with better spending habits than we have
Comment from : Matthew Canterbury

Here's my plan: "Sell my plan to 10,000 people, or more, at a price of $100" SIMPLE! Youtube is the perfect vehicle In fact, I would need to sell to less than 3 of MoneyGuy subscribers
Comment from : Richard Applegate

Definitely! It took us 7 years, and we grew from $0 to $2M Now, I'm in a position where I don't work solely for money I left my job, began teaching at a university, and started creating videos to genuinely share the journey and what I've learned It's been a heartfelt transformation 💫📚🎥
Comment from : Invest with Prudence

According to The Shockingly Simple Math Behind Early Retirement by Mr Money Mustache, starting from a net worth of 0, if you save and invest 75 of your income, your working years until retirement is just 7 years So yes, crunch the numbers and you can go from $0 to $1,000,000 in ten years! In fact, that's my ultimate goal, so follow up with me in 7-10 years
Comment from : Wild Foodie Tours

Stock market wise you’d need to invest about 5,200 a month getting a 10 annual return to get to 1,000,000 dollars in 10 years, which isn’t plausible for most people Though if you factor in compounding dividends being re-invested getting there in 15-20 years is doable, but you’re still going to have to invest a lot
Comment from : TBTATHTF

Net worth over 1MM in 10 years? Yes, absolutely It helps having dual income for most of that time 6 out of 10 years, white collar office jobs close to where you live, and only 1-2 kids coupled with relatively inexpensive child care I cant imagine it being the same with 4 or 5 kidsbrBut that means sacrifices, only 2 new average cars in that entire window Limit consumer debt, and ALWAYS save some money per the FOObrbrI woulda been one in 10 years if I didn't have a negative networth for 2 years straight
Comment from : Luis Velazquez

Ya know, every time I read the tortoise and the hare, the tortoise wins Every time The ending never changes
Comment from : Just a kid from Brooklyn

If all you had to do was ask for a dollar from people homelessness wouldn't exist
Comment from : JayFF0000

My wife and I got to a million net worth in 8 years but $500,000 of that is in real estate appreciation in the last few years
Comment from : Peter Nguyen

I’ve done a little over quarter million in 5 years as a construction worker between retirement account, stocks, and real estate
Comment from : Andrew Sandstrom

It's possible and I will make everything to achieve it
Comment from : Dividend Info - Live Off Dividends

Is Bo ever NOT so excited today?!
Comment from : Eric Lunderskov

“Math Crimes” is my new, favorite term for our age
Comment from : Daniel Reisdorf

Wife and I are both in management and own multiple rental properties, money We invest a large portion of our income, discipline We both went to college (4 years) and got married shortly after (6 years), time When we got married we had negative net worth, now we have over a $1M; accelerated by real estate and high paying jobs Is it possible, yes; would I say everyone can do it, clearly not
Comment from : timopick

You dont need a million, You just need cash flow to meet your needs forever cash flow like rental property
Comment from : Kevin Miles

Hello Money Guys! I am a senior in college! I have been working in college and have saved up as much as I can! I have a maxed out Roth IRA for 2023 and am ready to max it out for 2024 I am extremely interested in house hacking but I don’t know if I will be fully employed next year or not! Can you give me some advice of what I should be doing?
Comment from : Matt Tucker

So you're telling me there's a chance?brI'm gonna do all of these strategies at once so I can be a multi millionaire in 10 years or less 🚀🚀🚀
Comment from : G00bers

Most businesses fail Those that make it Has owners that are putting in mega hours
Comment from : Ken John

Great video!
Comment from : 15MinuteWorkOut

Easy Get a job that pays $500k a year! Less than 10 years!
Comment from : Craig ST

Most people aren't even starting from $0 haha Starting the negatives
Comment from : Michael Beavers

This actually seems doable to get a million dollar net worth done in 10 years when you look at the entire picture like paying down the principle on your mortgage, home value increasing, employer match and you’re married with your spouse also contributing to their retirement Over half of what we need are just from those things So for us if each spouse sets aside $600 a pay check we would easily make it If we both had Roth IRA Accounts fully funded that is $350 a pay check into a brokerage
Comment from : Joel

For the "asking people for a dollar each day", there's something I do which I think actually works I like to go busking I'm making art, playing an instrument, or singing If people like what I'm doing, I get a nice little bonus, plus it's an indicator to me that I'm doing a good job I don't think I'll reach 1 million in 10 years doing this, but I do it because I love to do it and it helps me get better at my art forms The money is just a cool side effect
Comment from : aku

If youre eligible for a VA loan you can buy a multifamily home with 0 down and a lower 8nterest rate
Comment from : Daniel

Of course you can become a millionaire in 10 years All you have to do is save $100k per year
Comment from : Artem Kalinchuk

Good show, but it wouldnt hurt to inflation adjust the 1milion in 10 years, it will demand a higher savings rate to end up where you set of to :)
Comment from : Indaigo1

Just open a church BOOM you're a tax free millionaire
Comment from : goraidersndodgers

Yes I did it less than 10 yrs At 40 I was 100 debt free (paid off my house and kept aside money for my son's college) By 46 I was million + I am a good stock picker
Comment from : lordabhi kingfisher

i havent been able to watch this episode yet, but i know bo is so excited about thisbr 😁😁
Comment from : Chris Rhodes

it is certainly possible, but not always It depends on the situation of the individual To me, it isn't about getting to a dollar amount but about getting to a certain state of mind when it comes to my finances
Comment from : Avery Rock Financial, LLC

My wife and I are at $500k net worth less than 5 years out of college We weren't at 0 when we graduated, but I think we are on track as a household
Comment from : E Money

I became a millionaire in 11 years, but about 1/2 of it was due to home prices getting jacked up in the last couple of years
Comment from : Joenzinator

"From $0 to Millionaire in 10 Years (Is it Possible?)"- yes it is very possible
Comment from : Freedom Ring

The only Bo-Zo I listen to is Bo 💪😄
Comment from : PJ

Just read Wall Street bets, right? 🙃
Comment from : PJ

I have a burning retirement question If my husband and I have a little under 300000 in RRSPs, around $160,000 in Company stock, if we bump up our retirement fund to 2000 month will that give us the magical number of 12 million for our retirement? Oh yeah we’re 53
Comment from : Tressa Lewis