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Andrei Jikh a magician who now gives stock advice and cryptocurrency advice on Youtube, just lost over 1.5 million with the bankruptcy of crypto exchange Voyager Digital. While Andrei will eventually recover, his millions of subscribers who listened to him will now.
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This channel is all about exposing fake gurus, amazon fba scammers, and crypto scammers. I also aim to help people learn how to correctly build wealth through the stock market and other non scam investments.
The economy changed today because of what happened in 1971
► Get up to a $250 in Digital Currency: https://blockfi.com/andrei
► Where I Buy Bitcoin: https://gemini.sjv.io/1E3dz
► How I went from Zero To A Million: https://www.zerotoamillion.com
► My Stock Portfolio + Stock Tracker: https://www.patreon.com/andreijikh
► Get 2 FREE stocks valued up to $1850 (when you deposit $100): https://act.webull.com/kol-us/share.html?hl=en&inviteCode=QhhB1aDNwEDP
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► ROBINHOOD (Get 1 Stock When You Sign Up): https://robinhood.c3me6x.net/c..../1980551/671816/1040
► Open A Roth IRA: https://m1finance.8bxp97.net/c..../1980551/696710/1064
► Follow Me On Instagram: https://www.instagram.com/andreijikh/
► How I Protect My Bitcoin: https://shop.ledger.com/pages/....ledger-nano-x?r=5356
My PO Box:
Andrei Jikh
4132 S. Rainbow Blvd # 270
Las Vegas, NV 89103
WTF Happened in 1971?
The course of economic history changed in 1971: https://www.wtfhappenedin1971.com
HOW MUCH A PERSON MADE IN 1971:
In 1971, the average person was bringing home $10,622 a year or about $885 a month.
HOW MUCH A HOUSE COST:
Anew house cost an average of $25,200 - the most important to keep in mind is context because that was roughly 2.5x the yearly income. Nowadays the median income is $44,225 and the median home value is $428,000 which is almost 10x the annual income today. In the 70s it took roughly 2.4 years for people to save enough money to buy a house - nowadays though it takes the average salaried person over 7 years to do the same. That’s because people’s incomes have not grown at the same pace that home values have.
HOW MUCH A NEW CAR COST:
If you wanted to buy a new car in the 1970s you could actually save some money and do that because they cost $3,560 - brand new. It cost about a third of what the average person was making at the time. Today of course the average price of a new car is $47,000 - obviously more than what the average person makes in a year.
HOW MUCH RENT WAS:
If you wanted to rent a place - the average rent in the 70s was $150 a month or about 1/6th of the monthly income at the time. If you wanted to rent the average 1 bedroom today - it would cost you $1,750 a month, or $2,065 for a 2 bedroom. That’s roughly half of the average monthly income - not one sixth like it used to be.
HOW MUCH COLLEGE COST:
if you wanted to get a college education in the 70s, when it actually mattered to say you have a college degree to employers - you could go to a prestigious Ivy League school like Harvard and tuition would run you $2,600 a year. In comparison to today’s $54,000 a year.
WTF HAPPENED?
It’s called the Nixon Shock when Richard Nixon ended something called The Bretton Woods Agreement. At the time, the United States owned 2/3rds of the world’s gold reserve and that put it in a powerful position to do something kind of interesting and put itself at the top of the world order.
PHASE 1: Executive Order 6102
Signed on April 5, 1933, - this made it illegal for people to own “a lot of” gold in the United States.
PHASE 2: Bretton Woods Agreement
Signed in 1944 between the countries of the world. In this agreement, each country was to exchange their own native gold backed currency, in place of the the US dollar which could also be redeemed for gold. We made the dollar be the standard unit of exchange for all International business. This made the US extremely powerful.
WHAT'S THE PROBLEM?
The central banks promised to keep the dollar equal to 1/35th of an ounce of gold. The system was fine for a little while until eventually, there was a realization that the central banks could print more of these pieces of paper than the actual GOLD that they promised to keep in their vaults. This created inflation which was the beginning of what happened in 1971 onwards.
WHY DON'T WE GO BACK TO THE GOLD STANDARD OR BITCOIN?
Watch the video to find out the truth!
SOURCES:
https://www.wtfhappenedin1971.com
https://cointelegraph.com/maga....zine/2020/09/24/wtf-
https://www.rent.com/research/....average-rent-price-r
https://www.itsrosy.com/What+Life+Was+Like+In+the+'70s
*None of this is meant to be construed as investment advice, it's for entertainment purposes only. Links above include affiliate commission or referrals. I'm part of an affiliate network and I receive compensation from partnering websites. The video is accurate as of the posting date but may not be accurate in the future.
My 3 major market predictions for investors in 2022 ► Get up to a $250 in Digital Currency: https://blockfi.com/andrei
► $25 of Bitcoin when you buy $100: https://gemini.sjv.io/Andrei
► $10 of Bitcoin from Coinbase: https://coinbase-consumer.sjv.io/RyP6ra
► My Stock Portfolio + Stock Tracker: https://www.patreon.com/andreijikh
► Get 2 FREE stocks valued up to $1850 (when you deposit $100): https://act.webull.com/kol-us/share.html?hl=en&inviteCode=QhhB1aDNwEDP
► ROBINHOOD (Get 1 Stock When You Sign Up): https://robinhood.c3me6x.net/c..../1980551/671816/1040
► Open A Roth IRA: https://m1finance.8bxp97.net/c..../1980551/696710/1064
► Follow Me On Instagram: https://www.instagram.com/andreijikh/
► How I Protect My Bitcoin: https://shop.ledger.com/pages/....ledger-nano-x?r=5356
In today’s video I wanted to share my millionaire investing strategy for 2022. I’ll share with you my best guess what I think will happen to asset prices across stocks, real estate, and the crypto markets (Bitcoin & Ethereum) and then I will refer to this video at the end of this year in December of 2022 to see how well I did.
*None of this is meant to be construed as investment advice, it's for entertainment purposes only. Links above include affiliate commission or referrals. I'm part of an affiliate network and I receive compensation from partnering websites. The video is accurate as of the posting date but may not be accurate in the future.
My step by step guide on how to make $100 a day with Airbnb
► My Stock Portfolio + Stock Tracker: https://www.patreon.com/andreijikh
► Get 2 Free Stocks on WeBull (Valued up to $1400 when you deposit $100): https://act.webull.com/kol-us/share.html?hl=en&inviteCode=QhhB1aDNwEDP
► ROBINHOOD Free Stock: https://robinhood.c3me6x.net/c..../1980551/671816/1040
► Open A Roth IRA: https://m1finance.8bxp97.net/c..../1980551/696710/1064
► FREE Discord: https://discord.gg/Hff86m9
► Follow Me On Instagram: https://www.instagram.com/andreijikh/
My friend Tyas' channel: https://m.youtube.com/channel/....UCEWBrqsMpMD5NwambCI
If you ever wondered one of the best way to make money, this is it. This is how I made money using the airbnb app. After quitting my job, I had no supplemental income so I was forced to learn a new skill that taught me how to pay my bills. This is everything I learned in two years as an airbnb superhost.
Ultimately this is what allowed me to quit my job and take a risk by starting my channel here on Youtube. Without this income, I wouldn't have been able to pay my bills, I hope this guide is helpful for you. Unlike stocks, dividends, and robinhood, this specific investment is one of my best investments I've ever made.
Here are some optimized pro tips for how to make money online and offline using the app.
1. Airbnb does not have to be expensive. I started by buying a steel frame for my bed which cost around $100. I also purchased a queen size mattress for around $200 from Amazon. I decided to decorate my place by making it bright and inviting so I bought a teal rug, used my old desk, and purchased a futton which doubled as a full/queen size bed. Total cost to set up was $650.
2. If you're going to make money with airbnb, you should be able to host at least 4 people. If you can, host 6 people and you will have far more people book your place. People like to travel in groups and split the cost. It's common practice for the airbnb host to charge extra for each guest after the first 2. These are some of my favorite bookings and you can easily make upwards of $300+ a night (especially on weekends).
3. Make your profile picture family friendly. It's important to let the guest know you are there to provide a place to comfortable place to stay that's safe. If you come across as a "bachelor", you will lose a large portion of clientele on airbnb.
4. Prioritize these 3 factors. Location, safety, and cleanliness, these are the top 3 things people value the most. Sell your listing by telling guests proximity to grocery stores, bus stops, tourist attractions, etc. People like walkable locations. Emphasize privacy and safety by giving your guests their own key to lock their space so that they feel comfortable leaving their valuables. Keep your place clean and take bright photos!
5. When it comes to advertising your space and getting your first booking, price your listing competitively and undercut the market. This will allow you to build the first few reviews and then you can charge more. It also helps to take nice pictures with a wide angle lens. If you don't have anything on hand, borrow an iPhone 11 and take pictures with that. For extra credit, make a short video. After your place gets booked and your guests arrive, it's great to show them a handbook that shows them your favorite hotspots such as restaurants, attractions, things to do and see, etc.
6. If you have a larger budget, focus on automation. You can automate from locks, to writing up reviews, lights, etc. If you do this right, you can make it so you never have to meet your guests making this a 100% passive income investment.
7. Please check city zoning rules and regulations. This is especially true if you want to convert spaces into full time airbnb such as a garage space. Your house has to meet certain criteria in accordance to city regulations and HOA rules. If you google your city + airbnb zoning, you will most likely find a website that shows you where you can and can't have 30 day short term rentals. Unfortunately, there is no universal website I've been able to find that shows it for each state/city.
8. Don't get discouraged if you have a bad first experience like I did, keep with it and you will quickly be able to more than just your mortgage, and you'll eventually start earning $100 a day and more.
*None of this is meant to be construed as investment advice, it's for entertainment purposes only. Links above include affiliate commission or referrals. I'm part of an affiliate network and I receive compensation from partnering websites. The video is accurate as of the posting date but may not be accurate in the future.
The everything crash is here, here's why it will most likely get worse:
► Get $100 Bitcoin for retirement: https://itrust.capital/AndreiJikh
► Get up to a $250 in Digital Currency: https://blockfi.com/andrei
► Where I Buy Bitcoin: https://gemini.sjv.io/1E3dz
► How I went from Zero To A Million: https://www.zerotoamillion.com
► My Stock Portfolio + Stock Tracker: https://www.patreon.com/andreijikh
► Get 2 FREE stocks valued up to $1850 (when you deposit $100): https://act.webull.com/kol-us/share.html?hl=en&inviteCode=QhhB1aDNwEDP
► MY DISCORD: https://discord.gg/9TVPxj73Bb
► ROBINHOOD (Get 1 Stock When You Sign Up): https://robinhood.c3me6x.net/c..../1980551/671816/1040
► Open A Roth IRA: https://m1finance.8bxp97.net/c..../1980551/696710/1064
► Follow Me On Instagram: https://www.instagram.com/andreijikh/
► How I Protect My Bitcoin: https://shop.ledger.com/pages/....ledger-nano-x?r=5356
My PO Box:
Andrei Jikh
4132 S. Rainbow Blvd # 270
Las Vegas, NV 89103
HOW MUCH MONEY I'VE LOST INVESTING:
My stock portfolio is down 16% - I’ve lost close to $100,000 year to date. So stocks are obliterated. My crypto portfolio - I’m down over a 100%, I used to have $1.2 million at the peak - now it’s worth less than half that. The only thing that’s not doing so bad is real estate, and that’s only because real estate moves at a turtle’s pace but the pain is coming there too.
WHY IS EVERYTHING FALLING?
Here’s the explain like I’m 5 version of why everything is falling apart. Let’s rewind 2 years ago. We got the 2020 global pandemic - and people were let go. In response - the market was given an elixir of revival and it got drunk from all the free money from the government, to stimulate it even more - we dropped interest rates to 0 and flooded the economy with money.
The stock market became insanely happy, and it went on a 2 year binge where it partied like no tomorrow. Tech stocks took off, companies that weren’t even profitable were trading at crazy valuations, risky speculative stuff like NFTs flourished, people were buying pictures of rocks for over a million dollars, the average price of a house went to $428,000 and crypto went to the moon.
Now the buzz is slowly starting to end and we’re seeing who partied a little too hard. That’s the eli5 version.
WHAT'S THE TECHNICAL BREAKDOWN?
One of the reasons is - we got the CPI data in - the thing we use to measure inflation and Economists expected 8.1%, but we got 8.3% - rent, food, airline tickets and new cars were the biggest reasons inflation was high in April.
THE GOOD:
The glass half full way to look at that is it’s .2% lower than March when we got 8.5% so this could be a signal that we’re headed lower because we finally seen the worst of inflation. We’re cooling off. That’s the glass half full.
THE BAD:
The glass half empty way of looking at it is - 8.3% is still insanely high. Normal inflation needs to be 2-3% and there’s no guarantee we’re slowing down. In fact if we look at the popular “core inflation” metric which doesn’t include food and gas prices - we actually doubled - from .3% in March to .6% in April. So in reality - even though the overall number is slightly smaller - inflation isn’t really slowing down.
WHY IS CRYPTO CRASHING THOUGH?
Crypto crashed partially thanks to Terra Luna which crashed over 99% of it’s value. Here is a more technical breakdown thanks to OnChain Wizard: https://twitter.com/onchainwizard/status/1524123935570382851?s=21&t=nookgPsJc6HCzdJy4ICF7g
In a nutshell: it was a billion dollar attack which forced the Terra Luna foundation to start selling off Bitcoin to keep the peg of Terra to $1. If the attacker covers their "short" position - they'll stand to make over $800 million in the process. Even though Bitcoin wasn't directly affected, the price was indirectly impacted.
IS THE MARKET GOING TO GET WORSE?
Most likely, watch the video to find out how.
SOURCES:
https://bit.ly/3Mh8kr3
https://bloom.bg/38tc89V
https://bit.ly/3MqLYDq
https://bit.ly/3syHEKO
https://bit.ly/3yzK3sa
*None of this is meant to be construed as investment advice, it's for entertainment purposes only. Links above include affiliate commission or referrals. I'm part of an affiliate network and I receive compensation from partnering websites. The video is accurate as of the posting date but may not be accurate in the future.
The market just flipped, start saving!
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See important Masterworks disclosures: https://www.masterworks.io/about/disclaimer
► Get up to a $250 in Digital Currency: https://blockfi.com/andrei
► Get $100 Bitcoin for retirement: https://itrust.capital/AndreiJikh
► How I went from Zero To A Million: https://www.zerotoamillion.com
► My Stock Portfolio + Stock Tracker: https://www.patreon.com/andreijikh
► Get 2 FREE stocks valued up to $1850 (when you deposit $100): https://act.webull.com/kol-us/share.html?hl=en&inviteCode=QhhB1aDNwEDP
► ROBINHOOD (Get 1 Stock When You Sign Up): https://robinhood.c3me6x.net/c..../1980551/671816/1040
► Open A Roth IRA: https://m1finance.8bxp97.net/c..../1980551/696710/1064
► Follow Me On Instagram: https://www.instagram.com/andreijikh/
► How I Protect My Bitcoin: https://shop.ledger.com/pages/....ledger-nano-x?r=5356
My PO Box:
Andrei Jikh
4132 S. Rainbow Blvd # 270
Las Vegas, NV 89103
The market just flipped! Start saving:
SOURCES:
https://www.tradingview.com/ch....art/BTCUSD/5oJFyXZS-
https://www.wsj.com/livecovera....ge/stock-market-toda
https://www.forex.com/en-us/ma....rket-analysis/latest
https://www.barrons.com/market-data/indexes/dxy
https://ccaf.io/cbeci/index
https://en.macromicro.me/chart....s/29435/bitcoin-prod
https://wp.decrypt.co/wp-conte....nt/uploads/2022/07/J
*None of this is meant to be construed as investment advice, it's for entertainment purposes only. Links above include affiliate commission or referrals. I'm part of an affiliate network and I receive compensation from partnering websites. The video is accurate as of the posting date but may not be accurate in the future.
The new world reserve currency explained:
► Get up to a $250 in Digital Currency: https://blockfi.com/andrei
► Get $100 Bitcoin for retirement: https://itrust.capital/AndreiJikh
► How I went from Zero To A Million: https://www.zerotoamillion.com
► My Stock Portfolio + Stock Tracker: https://www.patreon.com/andreijikh
► Get 2 FREE stocks valued up to $1850 (when you deposit $100): https://act.webull.com/kol-us/share.html?hl=en&inviteCode=QhhB1aDNwEDP
► ROBINHOOD (Get 1 Stock When You Sign Up): https://robinhood.c3me6x.net/c..../1980551/671816/1040
► Open A Roth IRA: https://m1finance.8bxp97.net/c..../1980551/696710/1064
► Follow Me On Instagram: https://www.instagram.com/andreijikh/
► How I Protect My Bitcoin: https://shop.ledger.com/pages/....ledger-nano-x?r=5356
My PO Box:
Andrei Jikh
4132 S. Rainbow Blvd # 270
Las Vegas, NV 89103
Here I want to explain how the creation of the new world reserve currency from the BRICS nations will affect investor portfolios: stocks, real estate, and crypto
SOURCES:
https://fred.stlouisfed.org/series/MORTGAGE30US
https://www.pewresearch.org/fa....ct-tank/2022/06/15/i
https://www.mpamag.com/us/mort....gage-industry/market
https://unherd.com/thepost/the....-new-brics-alliance-
https://blogs.imf.org/2022/06/....01/dollar-dominance-
https://www.nytimes.com/2022/0....7/28/business/german
nytimes.com/2022/07/29/business/stock-market-july.html
*None of this is meant to be construed as investment advice, it's for entertainment purposes only. Links above include affiliate commission or referrals. I'm part of an affiliate network and I receive compensation from partnering websites. The video is accurate as of the posting date but may not be accurate in the future.
Here is a breakdown of my entire portfolio at the age of 32. This is an overview of all the stocks, the cryptocurrencies and the real estate I own.
► Get up to a $250 in Digital Currency: https://blockfi.com/andrei
► $25 of Bitcoin when you buy $100: https://gemini.sjv.io/Andrei
► $10 of Bitcoin from Coinbase: https://coinbase-consumer.sjv.io/RyP6ra
► My Stock Portfolio + Stock Tracker: https://www.patreon.com/andreijikh
► Get 2 FREE stocks valued up to $1850 (when you deposit $100): https://act.webull.com/kol-us/share.html?hl=en&inviteCode=QhhB1aDNwEDP
► ROBINHOOD (Get 1 Stock When You Sign Up): https://robinhood.c3me6x.net/c..../1980551/671816/1040
► Open A Roth IRA: https://m1finance.8bxp97.net/c..../1980551/696710/1064
► Follow Me On Instagram: https://www.instagram.com/andreijikh/
► How I Protect My Bitcoin: https://shop.ledger.com/pages/....ledger-nano-x?r=5356
My PO Box:
Andrei Jikh
4132 S. Rainbow Blvd # 270
Las Vegas, NV 89103
Here is a breakdown of all my investments and how much money I have from my stock portfolio, my crypto, and my real estate step by step. Most of the money was made because of YouTube - however: the journey was not an overnight success. I started investing and learning about finance when I turned 19. My journey has taken me over 10 years to get to this point. Enjoy!
*None of this is meant to be construed as investment advice, it's for entertainment purposes only. Links above include affiliate commission or referrals. I'm part of an affiliate network and I receive compensation from partnering websites. The video is accurate as of the posting date but may not be accurate in the future.
Start at 20 years old, and retire by 30. Here’s how I was able to do it with this guide to personal finance - step by step.
► My Stock Portfolio: https://www.patreon.com/andreijikh
► Get 2 Free Stocks on WeBull when you deposit $100 (Valued up to $1000): https://act.webull.com/kol-us/share.html?hl=en&inviteCode=QhhB1aDNwEDP
► Try Audible and Get Two Free Audiobooks: https://amzn.to/2ouTHKS
► M1 Finance Roth IRA: https://m1finance.8bxp97.net/c..../1980551/696710/1064
► Stocking Stuffers for the Holidays: https://www.ipo52.com
► ROBINHOOD Invite Code (grab your other free stock): https://robinhood.c3me6x.net/c..../1980551/671816/1040
► How I Make My Videos: https://www.amazon.com/shop/andreijikh
►Instagram: https://www.instagram.com/andreijikh/
► http://www.MAJIKH.com
Today we’re taking a look at how to start at 20 with $0 and retire by 30 years old by following this income flow chart. This Is the exact steps I followed between the ages of 19 to 28 to be able to achieve financial freedom. This is investing for beginners, a 101 guide on getting started with money management.
The first step is the essentials phase where the priority is paying for things that allow us to exist. First we start with rent and/or the mortgage, followed by groceries. It’s imperative to learn how to cook and aim for meals that cost anywhere between $1-$2 to save as much of our incomes as possible.
Then we pay for essential utilities such as water, electric, and gas/heating along with essential hygiene items. The following step is paying for income earning expenses such as internet, phone, and anything that is required to help earn an income.
Health Care is the next one. In order to avoid paying the mandate, I used to donate to a church which exempted me from needing “real” health insurance to avoid being penalized. The president has since done away with the mandate so you will not be penalized on the federal level, but each state has unique rules about this so double check with your state. At this point in time, consider making minimum payments on all debts and loans (student loans, credit cards, etc.)
Phase 1 - This is an optional step that will vary for everyone and it’s not necessary but build an emergency fund of $1,000 or one months’ worth of expenses. If you have liquid assets that can cover these expenses (such as my Robinhood Dividend Stock Portfolio), then this is not necessary. Pay any “non essential” bills here as well (cable, internet, phone, etc.)
Phase 2 - Contribute to your company’s 401K and make sure to get the full company match but do not exceed it at this point.
Phase 3 - Make payments on mid to high interest rate debts of 10% or higher with either the “avalanche” or “snowball” methods, whichever one fits you best.
Phase 4 - Invest and contribute to an IRA, your individual retirement account (I have a Roth IRA with the M1 Finance app). If you have any expenses to pay that may increase your income such as certifications (for me it was my youtube equipment) , consider saving that money in a high yield savings account, if you need it immediately, use a checking account.
Phase 5 - Aim to save at least 15% of your pre taxable income for retirement. This number is based on a research that showed people will need anywhere between 55% to 80% of their pre retirement income to support them in retirement.
Please reference the following guide for more details. Credit and thanks to reddit user atlasvoid for putting this together: https://www.reddit.com/r/perso....nalfinance/comments/
*Links above include affiliate commission or referrals. I'm part of an affiliate network and I receive compensation from partnering websites. The video is accurate as of the posting date but may not be accurate in the future.
Here is the step by step guide on how to invest for students
► https://www.ouraring.com/andreijikh
► Get up to a $250 in Digital Currency: https://blockfi.com/andrei
► Where I Buy Bitcoin: https://gemini.sjv.io/1E3dz
► How I went from Zero To A Million: https://www.zerotoamillion.com
► My Stock Portfolio + Stock Tracker: https://www.patreon.com/andreijikh
► Get 2 FREE stocks valued up to $1850 (when you deposit $100): https://act.webull.com/kol-us/share.html?hl=en&inviteCode=QhhB1aDNwEDP
► MY DISCORD: https://discord.gg/9TVPxj73Bb
► ROBINHOOD (Get 1 Stock When You Sign Up): https://robinhood.c3me6x.net/c..../1980551/671816/1040
► Open A Roth IRA: https://m1finance.8bxp97.net/c..../1980551/696710/1064
► Follow Me On Instagram: https://www.instagram.com/andreijikh/
► How I Protect My Bitcoin: https://shop.ledger.com/pages/....ledger-nano-x?r=5356
My PO Box:
Andrei Jikh
4132 S. Rainbow Blvd # 270
Las Vegas, NV 89103
THE SEC SAVING & INVESTING FOR STUDENTS MANUAL:
https://www.sec.gov/investor/p....ubs/savings-investin
THE MOST IMPORTANT THING ABOUT INVESTING:
You do not need any money to start and you do not need to learn complicated buzz words like diversification. You can start as early as you want without any money or income.
WHAT'S THE GOAL OF INVESTING?
Seems like a silly question but most people don't know the answer to this. The whole goal of this game of life is to pay your bills while you sleep. That’s really it - it’s the ultimate thing money can buy - it’s freedom from something and freedom to do anything - that’s how you win.
STEP 1: HOW MUCH MONEY DO YOU NEED?
In 2022, the 3 biggest expenses were housing ($1657 a month) transportation ($798 a month) and food ($644 a month). In total - the average US household spent $5,005 a month - that works out to be $60,060 per year.
Once you figure out how much money you spend per year, you take that number, and multiply it by 25. This is based on what’s called the 4% rule.
WHAT'S THE 4% RULE?
All that means is that’s how much money you need to have invested to last you a 30 year retirement without running out. So for the average us household - $60,060 multiplied by 25 works out to be $1,501,500. That’s how much the average US household needs to retire (which is also why most households don't retire).
WHAT'S THE SECRET?
3 things you can do to retire early. Make more money, save and invest more money, or both.
STEP 2: GET A SAVINGS ACCOUNT
The best savings account for college students right now is actually SoFi. I’m not sponsored by but SoFi’s but their APY is 1.25% - that is 41 times the national average which means you will earn more interest in 9 days than you will in an entire year at the average savings account at a normal bank. The catch is that you need to turn on direct deposit.
STEP 3: GET A CHECKING ACCOUNT
Look for 3 things: no account monthly minimums, reimburses ATM fees, and earns interest. Any of the commercial banks like Chase, Wells Fargo, or even a local credit union work fine. Credit Unions are awesome, they are no frills, they’re free, and they take care of their customers really well. If you want something online, both Ally Bank and SoFi provide a solid checking account.
STEP 4: GET A CREDIT CARD
First download the credit karma app (https://www.creditkarma.com) and start tracking your progress (it's free). Aim for a credit score of 750 and above.
THE BEST CREDIT CARD FOR BUILDING A CREDIT SCORE:
PETAL 2: https://www.petalcard.com/petal-2
DISCOVER IT SECURED: https://discvr.co/3vVVEii
Both are great options to start building a perfect credit score.
BEFORE YOU INVEST - DO THIS FIRST!
Pay off high interest rate debt. The average US household owes $6,270 in credit card debt. The average credit card interest rate is 18.3% - now if you were to invest in the stock market - a good year would give you an ROI of 8% - not only is that no where near as high as 18% - but it’s also not guaranteed. Invest where you are guaranteed high returns first!
START INVESTING!
If you can save 50% of your after tax income and invest the difference - you will have “enough money” to last you for life in just 17 years. If you can boost that savings rate to 65%, which is a lot harder to do but not impossible, you can retire in just 10.5 years.
WATCH THE VIDEO TO FIND OUT HOW!
SOURCES:
https://bit.ly/3LroqOq
https://prn.to/3OFDB8G
https://bit.ly/37PrZj4
https://cnb.cx/3MD2znp
https://bit.ly/3OPsmdO
https://cnb.cx/3OHTYln
*None of this is meant to be construed as investment advice, it's for entertainment purposes only. Links above include affiliate commission or referrals. I'm part of an affiliate network and I receive compensation from partnering websites. The video is accurate as of the posting date but may not be accurate in the future.
I just lost a million dollars in stocks and crypto
► https://www.aura.com/andrei
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My PO Box:
Andrei Jikh
4132 S. Rainbow Blvd # 270
Las Vegas, NV 89103
I just lost a million dollars investing in today's market. Here is my dividend stock, growth stock, exchange traded fund stocks (ETFs), crypto, NFT, and real estate portfolio update so far this year.
*None of this is meant to be construed as investment advice, it's for entertainment purposes only. Links above include affiliate commission or referrals. I'm part of an affiliate network and I receive compensation from partnering websites. The video is accurate as of the posting date but may not be accurate in the future.
Follow these 8 steps once you save $1000 in your checking account
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► ROBINHOOD (Get 1 Stock When You Sign Up): https://robinhood.c3me6x.net/c..../1980551/671816/1040
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I started one dollar at a time but money didn’t make any sense to me until I started to realize it’s true purpose. And that purpose is to buy me the ultimate luxury that money can buy which is time. Funny how we spend most of our lives converting our time into money, but then converting money back into time. This is where passive income comes in and there’s lots of different ways of building that passive income from real estate, the stock market, dividends, online businesses, but ultimately the goal is to make money while you sleep. Before we can reach that point, we need to do a few other things first which is what this video is about to prepare you for.
Step 1: Figure out how much money you need. Using the Bureau of Labor Statistics (https://www.bls.gov/news.release/cesan.nr0.htm), people ages 65 and older are spending on average - roughly $50,860 per year, or $4,238.33 per month in retirement. This means if we were to use the standard 4% retirement rule, then we can work backwards to figure out $50,860 divided by .04 is $1,271,500 which is how much money people need invested pay for a relatively safe 30 year retirement (this is assuming no social security income).
Step 2: Now that you know the full amount most people need ($1.27m pre social security, and roughly $827,000 with social security), compare that to your current spending levels by adding up the big 3 (housing, food, travel). Add up monthly expenses, multiply by 12, and multiply that result by 25. This is your current retirement number, if it's below step 1, you're on track, if it's above, you will need to eventually cut back on spending and save more money.
Step 3: Smash the like button.
Step 4: Side: Step 4: Calculate your savings rate. This one is thanks to Mr. Money Mustache. If you can save 10%, which is what the average person saves, it’s going to take you 51 years to retire, so let’s not do that and try to be better than average. If you can bump that up to 30%, you’ll get there in 28 years. Not bad, but not as good as 50% which is what I aim for, and that’s only 17 years. You can do this on a $50,000 a year income (I did this for 6 years). If you can reach 65% then it will only take you 10.5 years to retire, but you’ll have to make a much higher salary closer to six figures to do that.
Step 5: Get rid of unsecured debt. I did this for my dad using a HELOC loan. If you don't own a house, you can transfer your balance from one credit card to another using the 0% APR introductory offers for 18 months (Citi Double Cash card) until you pay off your principle.
Step 6: Create an Emergency Fund. This one is optional. you don’t need one if you have liquid assets, meaning, investments you can easily sell and convert into cash. Otherwise have at least 3 to 6 months enough to cover your basics. I’ve been converting a part of my cash reserves into digital currencies because the interest it pays on those accounts is up to 8.5% per year which is more than the stock market. The downside, is that you are not going to be FDIC insured and you could lose your savings if they went out of business unlike a bank which would give you up to $250,000 savings back if it failed.
Step 7: Open up a Roth IRA and start contributing to it. If you can, max it out. Put in $100 of the $1,000 to start because I promise the earlier you can start contributing to this one, the more it will grow into, and the more you’ll keep for yourself because investments in this account grow tax free when you withdraw from it later in life. You can open your account with M1 finance like I did, or Robinhood, or even WeBull.
Step 8: With all the money you have left assuming you took care of the other priorities, invest in yourself and/or digital currencies. Step is about taking calculated risks with the remainder of your savings. This is especially important if you're young and you want. to start investing.
*None of this is meant to be construed as investment advice, it's for entertainment purposes only. Links above include affiliate commission or referrals. I'm part of an affiliate network and I receive compensation from partnering websites. The video is accurate as of the posting date but may not be accurate in the future.
Visit http://SimpliSafe.com/grahamstephanshow to learn more and to get at least 30% off your SimpliSafe security system! Enjoy! Today we're touring the Las Vegas home of Andrei Jikh - Add me on Instagram: GPStephan
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Explaining the great Bitcoin and Crypto reset:
► Get up to a $250 in Digital Currency: https://blockfi.com/andrei
► Get $100 Bitcoin for retirement: https://itrust.capital/AndreiJikh
► How I went from Zero To A Million: https://www.zerotoamillion.com
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► Get 2 FREE stocks valued up to $1850 (when you deposit $100): https://act.webull.com/kol-us/share.html?hl=en&inviteCode=QhhB1aDNwEDP
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My PO Box:
Andrei Jikh
4132 S. Rainbow Blvd # 270
Las Vegas, NV 89103
The great crypto and Bitcoin reset explained.
*None of this is meant to be construed as investment advice, it's for entertainment purposes only. Links above include affiliate commission or referrals. I'm part of an affiliate network and I receive compensation from partnering websites. The video is accurate as of the posting date but may not be accurate in the future.
Why 75% of the middle class is screwed
► Get up to a $250 in Digital Currency: https://blockfi.com/andrei
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My PO Box:
Andrei Jikh
4132 S. Rainbow Blvd # 270
Las Vegas, NV 89103
This is why most of the middle class is financially hurting - all thanks to inflation.
SOURCES:
https://aflcio.org/paywatch
https://neverleave.substack.co....m/p/rent-prices-grow
https://www.primerica.com/publ....ic/Fact_Sheet_Primer
https://www.bls.gov/opub/btn/v....olume-1/consumer-pri
https://www.barrons.com/articl....es/fed-balance-sheet
*None of this is meant to be construed as investment advice, it's for entertainment purposes only. Links above include affiliate commission or referrals. I'm part of an affiliate network and I receive compensation from partnering websites. The video is accurate as of the posting date but may not be accurate in the future.
Andrei Jikh has over 1.65 million subscribers and has been a huge proponent of Bitcoin on YouTube, and today we are reacting to his channel as we watch his video, “Prepare for Bitcoin to $500,000.” At Everything Money, we hesitate to gamble on cryptocurrency due to a lack of fundamentals. We’ll watch Andrei’s video and give you our thoughts on his analysis and reasoning for this huge increase in coin value.
(Recorded July 22, 2021)
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**WANT BOOKS WE RECOMMEND FOR INVESTING**
The Intelligent Investor: https://amzn.to/3th0qF2
One Up On Wall Street: https://amzn.to/3cBdcs3
Beating The Street: https://amzn.to/36yxMW8
The Little Book That Beats the Market: https://amzn.to/3qfam04
The Complete TurtleTrader: https://amzn.to/3jH2QZc
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Our channel disclaimer can be found here: https://bit.ly/3n0NxuD
Today we're reacting to Andrei Jikh: MY NEW LAST VEGAS DREAM HOME! Enjoy! Add me on Instagram: GPStephan - Original Video Here: https://youtu.be/-Ym2cY8Vs70
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China's economy is about to collapse - here is why:
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► Get up to a $250 in Digital Currency: https://blockfi.com/andrei
► Get $100 Bitcoin for retirement: https://itrust.capital/AndreiJikh
► How I went from Zero To A Million: https://www.zerotoamillion.com
► My Stock Portfolio + Stock Tracker: https://www.patreon.com/andreijikh
► Get 2 FREE stocks valued up to $1850 (when you deposit $100): https://act.webull.com/kol-us/share.html?hl=en&inviteCode=QhhB1aDNwEDP
► ROBINHOOD (Get 1 Stock When You Sign Up): https://robinhood.c3me6x.net/c..../1980551/671816/1040
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My PO Box:
Andrei Jikh
4132 S. Rainbow Blvd # 270
Las Vegas, NV 89103
China's economy is about to collapse, and here is why.
SOURCES:
https://www.youtube.com/watch?v=dnp_MxXY9qs
https://www.census.gov/housing..../hvs/files/currenthv
https://constructioncoverage.c....om/research/cities-w
https://www.reuters.com/market....s/deals/china-plans-
https://ifnaa.irsteel.com/en/n....ews/59600/China-stor
*None of this is meant to be construed as investment advice, it's for entertainment purposes only. Links above include affiliate commission or referrals. I'm part of an affiliate network and I receive compensation from partnering websites. The video is accurate as of the posting date but may not be accurate in the future.
How to invest $10,000 right now: ► Get up to a $250 in Digital Currency: https://blockfi.com/andrei
► Where I Buy Bitcoin: https://gemini.sjv.io/1E3dz
► How I went from Zero To A Million: https://www.zerotoamillion.com
► My Stock Portfolio + Stock Tracker: https://www.patreon.com/andreijikh
► Get 2 FREE stocks valued up to $1850 (when you deposit $100): https://act.webull.com/kol-us/share.html?hl=en&inviteCode=QhhB1aDNwEDP
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► Follow Me On Instagram: https://www.instagram.com/andreijikh/
► How I Protect My Bitcoin: https://shop.ledger.com/pages/....ledger-nano-x?r=5356
My PO Box:
Andrei Jikh
4132 S. Rainbow Blvd # 270
Las Vegas, NV 89103
Here is how to invest $10,000 right now considering there is a strong likelihood the economy is headed toward a recession.
WHAT'S HAPPENING TO MARKETS?
The stock fear and greed index which measures people’s sentiment about the stock market is now at 40 and we are officially in fear mode. The crypto fear and greed index is at 24 which means extreme fear in the crypto markets and keep in mind we’re only in April. But Sell In May and go away means that May will most likely be even worse as usually May is not a good month for investors.
WHAT IS THE MAGNIFICENT SEVEN LIST?
This is a stock list put out by the CNBC - it's composed of 7 tech stocks: Netflix, Roku, Tesla, Peloton, square, PayPal, and Zoom. So far, those stocks are not doing well.
WHAT'S BETTER THAN THAT LIST RIGHT NOW?
Personally I'm buying the S&P500 as it is represented by one stock which of course is VOO. It represents the top 500 companies in the US, so far I’m down a little but no where near as bad as CNBC's recommendations.
I’ve also been buying VTI which represents the entire US stock market and it’s made up of several thousand stocks. I’m dollar cost averaging into this stock every single day. I’ve also been reinvesting my money into VYM which is the Vanguard high Dividend yield etc, I’m up over 39% on this one which is huge because not only am I making money on my dollar, but I’m also earning a 2.6% yearly interest which is translating to a quarterly income of roughly $80 and that’s enough to pay some bills.
My other Dividend ETF I’ve been reinvesting into is SPHD - I have a $10,000 position here and that stock pays me $30 a month. While all of these stocks have not made me crazy money - they are also nowhere near as volatile as buying individual tech stocks which are down multi digits.
WHY ARE DIVIDENDS SO GOOD NOW?
Dividends allow me to continue investing and sleep well at night knowing that even when the stock market becomes scary - I can continue investing for the long term because it is mathematically proven to be the best strategy anyone can do. Buy and hold, long term dollar cost average into broad market indexes.
WHAT'S BETTER THAN DIVIDEND STOCKS?
Bonds are potentially much better, watch the video to find out which ones and how they work!
BEST SAVINGS ACCOUNTS RIGHT NOW:
Watch the video to find out
*None of this is meant to be construed as investment advice, it's for entertainment purposes only. Links above include affiliate commission or referrals. I'm part of an affiliate network and I receive compensation from partnering websites. The video is accurate as of the posting date but may not be accurate in the future.
Why I quit dividend investing
► Get up to a $250 in Digital Currency: https://blockfi.com/andrei
► Where I Buy Bitcoin: https://gemini.sjv.io/1E3dz
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► Open A Roth IRA: https://m1finance.8bxp97.net/c..../1980551/696710/1064
► Follow Me On Instagram: https://www.instagram.com/andreijikh/
► How I Protect My Bitcoin: https://shop.ledger.com/pages/....ledger-nano-x?r=5356
My PO Box:
Andrei Jikh
4132 S. Rainbow Blvd # 270
Las Vegas, NV 89103
I started my investing journey with dividend investing for passive income. I think it's one of the best strategies to start investing to get comfortable with. First I want to show you the benefits of why dividend investing is extremely powerful and then I'll tell you why I quit dividend investing.
Why dividend investing is the best:
1. Between the years of 1930 to 2017 dividends made up about 42% of the total stock market return. And in a flat market, aka a stock market that just goes up and down but doesn’t really go anywhere - the dividend income strategy is where it shines the most because you’re actually getting paid. You are “realizing” your gains, you are actually making money, not just on paper like you would with growth stocks but there’s actually money going into your account every single month. That’s powerful because you can then reinvest that money back into the markets and increase your market share and actually do better than people invested in growth stocks in that flat market.
2. Taxes. Dividends are incredible is because they are one of, it not the only investment that exists today where you can get paid without ever paying taxes on that income. It’s not a loophole, you don’t have to do any complicated accounting tricks, it’s the law. If you make between $0 to $40,400, you will pay nothing in taxes on qualified dividends if you file as forever alone. But if you’re married and you file together, you can make up to $80,800 a year in income and pay nothing. Just to blow your mind. That’s the same as filing jointly if you’re making $100,000 a year living in Los Angeles California - so that’s $20,000 you’re basically getting for free as a tax credit.
3 . It turns out the 4% rule that we’re told we can live off of without ever running out of money, aka, if we invest 60% of our money into the S&P500 index aka the VOO stock, and the other 40% of that into bonds, we could live like that without ever running out of money but, we can actually increase that withdrawal rate to 5% instead of 4% if we invested in the top 100 highest paying dividend companies in the S&P500. Dividends can give you a higher standard of living by 1%.
4. Better / more accurate retirement planning based on expenses vs passive income rather than selling off principe equity.
5. The psychology. It's much easier to invest long term as a dividend investor with a better mindset.
Reasons why I quit.
1. When I started my YouTube channel, I was making a lot less than $40,000 a year, so at that time, it made sense to focus on dividend investing because I wasn’t paying taxes on my qualified dividend income. Now I’m really fortunate to be making a lot more than $441,451 dollars a year - I’m now in the highest tax bracket where I will be paying 20% on my passive income.
2. Growth / index fund investing gives a better overall return. I’ve searched decades of data to try to find some dividend index that beats a broad market index like VTI or VOO and I have found zero of them. They don’t exist. I looked at SPHD, SCHD, VIG, VYM, NOBL, all dividend focused ETFs but none of them - over a long period of time have historically beaten broad market funds.
3. Goal is to FAT FIRE instead of just FIRE. This means my new goal is to make $100k passively in income per year.
4. I’ll be buying more of VTI and VOO ETF stocks - which is the broad market index and the S&P500, they track almost identically in terms of how they perform, there’s almost no difference but I like VTI, the whole market because it incorporated companies like Tesla earlier before the S&P500 did, and I like VOO because it’s almost the same but it gives me the benefit of tax loss harvesting where I can sell one and buy the other and it wouldn’t be considered a wash sale. I guess "I quit dividend investing" is a little dramatic, I’m no quitter - I’m just taking a detour while I'm earning a higher income.
*None of this is meant to be construed as investment advice, it's for entertainment purposes only. Links above include affiliate commission or referrals. I'm part of an affiliate network and I receive compensation from partnering websites. The video is accurate as of the posting date but may not be accurate in the future.
