How to Hit Your First $50K In Net Worth (Step by Step Blueprint)
A few weeks ago, I uploaded a video on the steps to take to get to a $10k net worth. I got many replies asking about what to do if you're past $10k already, so here's part 2 to that video! Enjoy!
Watch the $10K Net Worth Video:
FREE STOCKS:
🏆 Webull Deposit a Minimum of $500 and Get a Guaranteed $50 Free Stock:
🏆 Webull UK:
💸 SoFi Checking & Savings: Get up to 4.40% APY, pay no account fees and earn $250 when you sign up and set up direct deposit. Terms apply.
👾 Join our free Discord Community:
RESOURCES:
💵 Free Templates:
🐪 Hump Days Newsletter ➭
▶️ See What I Invest In ➭
💳 My Favorite Credit Cards ➭
MY SOCIALS:
Secret Channel —
Instagram —
Twitter —
TikTok —
Rickie (Editor) ➭
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
0:50 – Saving and Investing
4:08 – Specialization
6:08 – Optimal Allocation of $$$
8:06 – Reacting to Raises Accordingly
8:56 – The 1% Rule
10:43 – Higher Risk Assets
Hey Humphrey! Thank you for all that you do for the community! Currently less than $5k left to reach $50k and this video is getting me more and more excited to continue the process. After that, on to $100k 🎉 cheers from Tx – Daniel
Lets go Daniel!! Great to hear man
Thanks for being here. How’s your Net Worth doing? Also 👾 Join our free Discord Community: https://discord.gg/humphrey
Just hit the $250k mark and posting a video about it tomorrow 😉
Wonderful content, mate. Like always!
@@humphrey I went from -$25k net worth to to +$6k net worth since September last year. And it’s picking up since I bought a house and it’s already appreciated. And 20k debts repaid
I wanna know what kind of keyboard you are using.
Your entire comment section is bots
@@Ravetar101you’re right, but unfortunately this is a curse we all fight against as youtubers!
I’m literally about to hit 50k in 4 months at 25! A couple days before I turn 26👑 and I finished paying off my 23000 student loans
In march of this year since I graduated at 21.
I paid my student loans off religiously over the last 6 years. It’s such a relief.
@@therealmcgoy4968 yes it is! And a great accomplishment 💯
Been aggressively saving 20% of my take home pay and last night I hit 100k at 28years old 🥳 So proud of myself especially since my family was considered low income growing up. Theres hope for everyone!
My replies arent showing for some reason but to answer the questions, I have 80k invested, 20k in hysa
Congratulations you’re doing so great for a 28 years old, even though I don’t know you personally I’m so proud of you. 100k will compound and you will get only richer and richer if you keep on this path 🎉.
Is it invested or are yousaving it in HYSA?
@@KingP997780k invested, 20k in hysa
Congrats!! That’s a great milestone!
That is absolutely amazing, congrats. When I was that age my net worth was that same value…however it had a little minus sign before it. Now over 40, I save as best I can, however my net worth is less than a half of yours. Great job!
The market trend can turn around very quickly. In fact, the indexes often switch from a bear market to a bull market when the news is at its worst and the mood of investors is at its lowest point. I read an article of people that grossed profits up to $150k during this crash, what are the best stocks to buy now or put on a watchlist?
Investors should be cautious about their exposure and be wary of new buys, especially during inflation. Such high yields in this recession is only possible under the supervision of a professional or trusted advisor.
True, initially I wasn’t quite impressed with my gains, opposed to my previous performances, I was doing so badly, figured I needed to diversify into better assets, I touched base with a portfolio-advisor and that same year, I pulled a net gain of 550k…that’s like 7times more than I average on my own.
I’ve been looking to switch to an advisor for a while now. Any help pointing me to who your advisor is?
My CFA ’ANGELA LYNN SCHILLING’ , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
Thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an e-mail shortly.
I know one thing for sure, starting early is the best way of getting ahead to build wealth, investing remains a priority. The stock market has plenty of opportunities to earn a decent payouts, with the right skills and proper understanding of how the market works.
Agreed! Getting a head start on building wealth is crucial, and having a solid strategy is key, personally I think having a coach is the smartest move in today’s stock market.
What are the best strategies to protect my portfolio? I’ve heard that a downturn will devastate the financial market, so I’m concerned about my $200k stock portfolio.
There are strategies that can yield solid gains in any economic situation, typically implemented by a portfolio strategist with a lot of experience
A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She’s helped grow my reserve notwithstanding inflation, from $275k to $850k….
@@AlbertFischer-v7gTalking about advisors, do u consider anyone worthy of recommendations? I have about 100k to taste the water now that large cap stocks are at a discount… Thanks.
Successful investing is hard work because it means disciplining your mind to do the opposite of human nature. Buying during a panic, selling during euphoria, and holding on when you are bored and just craving a little action. Investing is 5% intellect and 95% temperament.
Government policy has thrown the future under the bus for decades. The day of judgment is near. I predict an 80% drop in the stock market. Investors will abandon stocks in favor of real estate. There will be no money in banks… You must devise a strategy for survival.
I agree. I have pulled in more than $435k since 2020 through my advisor. It pays off more in the long run to just pick quality stocks and ride with those stocks.
Mind if I ask you recommend this particular professional you use their service? i have quite a lot of marketing problems.
i work with mrs Linda Aretha Reeves and you can look her up as she is popular in the US
just looked her up.. she seems very remarkable, thanks for sharing
One lesson I’ve learned from millionaires is to always put your money to work, no matter how small. Even investing $100 per month can compound to tremendous wealth over decades. The key is to keep going!
I believe every Investor should start with ETFs for a solid foundation, then diversify across asset classes and maintain disciplined, regular investing to minimize risks and maximize growth.
You don’t need to find the next NVDA to succeed in investing. Just choose top-notch ETFs and partner with a financial advisor like I did. I turned $90k into $54,000 in annual dividends—a significant milestone for me today.
How can I consult your advisor? Looking to get some help on retirement planning and portfolio management.
“Kristin Amber Landis” is the licensed advisor I use. Just research the name. You’ll find necessary details to work with to set up an appointment.
Thank you for the recommendation. I’ll send her an email and I hope I’m able to connect with her.
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 Charlotte Miller.
She is my family’s personal broker and also a personal broker in many families I’m United States, she’s a licensed broker and a FINRA AGENT in United states
The very first time we tried, we invested $1000 and after a week, we received $5500. That really helped us a lot to pay up our bills.
I’m surprised that you just mentioned and recommended Charlotte Miller, I met her at a conference in 2018 and we have been working together ever since.
I’m new at this, please how can I reach her?
I just withdrew my profits a week ago, To be honest it was an amazing feeling when the profits hits my wallet I wish I could reinvest but, too much bills
I started my portfolio last year with SCHD, VOO, and VUG after inheriting $300k. In terms of share price, VOO is up and VUG is doing even better. My question is, what stocks do you think has the best chance to 10x in 5 years?
I’ve been eyeballing SCHD for 2 years now and so far, I really just don’t find any reason to put money in
with such amount, you can afford a license advisor or personal portfolio manager help diversify your investments and maintain steady growth while mitigating risk.. my first rule is survival before flipping for chunky gains!
Agreed, opting for financial advise is the best way to go about the market right now. I average 4 figures/month in dividends, but my overall ROI just hit $500k in 3 yrs. I only have 30 or so stocks (20%) of my portfolio with more of my investments in digital assets.
@@Charlesman_T I require precise market trajectory information at this point, the erosion of my reserves due to inflation seems to bother me, mind with the info of your advisor please?
Personally, I take guidance from a Pennsylvania-based advisor ”Karen Lynne Chess” To be honest, I almost didn’t buy the idea of letting someone handle growing my finance, but so glad I did.
It’s sad how difficult things have become in this recessive economy. I was wondering how to utilise some money I had. I used some of it for e-commerce business, but that sank. I’m thinking of how to protect my $80K-worth stock portfolio from decline, but haven’t figured which way to go.
Very difficult indeed, but when the going gets tough, the tough gets going. You have to learn and handle finances properly. you should hire a CFP to help you diversify your assets to include ETFs/index funds/mutual funds and stocks of companies with consistent cash flows. Don’t go for penny stocks.
Opting for a brokerage Adviser is currently the optimal approach for navigating the market, particularly for those nearing retirement. I’ve been consulting with a coach for a while, and my portfolio has surged by 300% since 2022
I could really use the expertise of this advsors.
KATHLEEN CHERYL CONSTANTZ is a hot topic even among the finance elite in California. She’s just a search away(on the net)
I just curiously looked her up on the web and I would say she really has an impressive background in investing. I will write her an email shortly.
Thank you for sharing. Financial education is crucial today to show incredible resilience and discipline in the volatile market, masterfully balancing strategy and insight for success. This dedication to continuous learning is inspiring…managed to grow a nest egg of around 100k to a decent 432k in the space of a few months… I’m especially grateful to Natalie Rose Strayer, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.
I’m surprised that you just mentioned Natalie Strayer here also Didn’t know she has been good to so many people too this is wonderful, i’m in my fifth trade with her and it has been super.
The very first time we tried, we invested $2000 and after a week, we received $9500. That really helped us a lot to pay up our bills.
Natalie Strayer has really set the standard for others to follow, we love her here in Canada 🇨🇦 as she has been really helpful and changed lots of life’s
I’m new at this, please how can I reach her?
After I raised up to 125k trading with her I bought a new House and a car here in the states also paid for my son’s surgery
Glory to God shalom.
<burned.
Francine Duguay program is widely available online.
Thanks for keeping it light and real at the same time. Much needed for us traders in times like these!
I appreciate the professionalism and dedication of the team behind Francine’s trade signal service.
I agree that there are strategies that could be put in place for solid gains regardless of economy or market condition, but such executions are usually carried out by investment experts or advisors with experience…
Building a good investment portfolio is more complex so I would recommend you seek Francine support. This way you can get strategies designed to address your unique long/short-term goals and financial dreams.
I lost over $80k when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that’s what everyone said. I’m still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I’m really grateful I found one source to recover my money, at least $10k profits weekly. Thanks Charlotte Miller.
She is my family’s personal broker and also a personal broker in many families I’m United States, she’s a licensed broker and a FINRA AGENT in United states
The very first time we tried, we invested $1000 and after a week, we received $5500. That really helped us a lot to pay up our bills.
I’m surprised that you just mentioned and recommended Charlotte Miller, I met her at a conference in 2018 and we have been working together ever since.
I’m new at this, please how can I reach her?
I just withdrew my profits a week ago, To be honest it was an amazing feeling when the profits hits my wallet I wish I could reinvest but, too much bills
Muchas gracias Wendy Lee Olson, acabo de llegar a 200.000 esta semana. Gracias por todo el conocimiento y las pepitas que me han brindado durante los últimos meses. ¡Siempre seguiré tu camino!
Todavía estoy trabajando y obteniendo grandes ganancias con las pautas de Wendy’s. Dios bendiga el día que encontré su canal, gracias mi amor.
¡¡Sí!! Eso es exactamente lo que ella es, Wendy Lee Olson. Mucha gente ha hablado muy bien de ella y yo recién estoy empezando en Australia 🇦🇺.
Realmente necesito ayuda de Wendy Lee Olson, ¿por favor?
ELLA ESTÁ PRINCIPALMENTE EN APLICACIONES DE TELEGRAMAS CON EL ABAJO NOMBRE.
@WendyLeeOlson
Net worth truly snowballs after $100k! Keep investing regularly and you’ll be blown away how much it can change in a few short years. Here’s to $1 million and to FIRE!
Varied sources of income is wise and especially living within your means. My net worth is $2M and I can pay my bills with no stress, but I don’t live like I have that. I have no complaints.
Nice. People often underestimate financial advisors’ importance. Over 50 years of data reveal that those who work with advisors typically earn more than those who go it alone. I’ve been fortunate to work with one for 13 years, resulting in a $3 million portfolio,.
Your advisor must be really good. How I can get in touch? My retirement portfolio’s decline is a concern, and I could use some guidance.
Melissa Elise Robinson’ is the licensed advisor I use. Just research the name. You’d find necessary details to work with to set up an appointment.
Thanks for sharing. I curiously searched for her full name and her website popped up immediately. I looked through her credentials and did my due diligence before contacting her.
Hallelujah!!! I’m blessed and favored with $60,000 every week! Now I can afford anything and support the work of God and the church. For Your glory, LORD!
HALLELUJAH! 🎉🎉🎉
It is advisable to seek professional guidance when creating a strong financial portfolio due to its complexity.
LUARA KATE is a very legitimate and competent woman, her method works like magic, I continue to win with her strategies.
I think believing I could do it alone has been the main reason I continue to have losses.
I advise you to stop trading on your own if you continue to lose. I no longer negotiate alone, I always ask for help and assistance.
After raising up to 1.2 million negotiating with her, I bought a new house and a car here in Netherland 🇳🇱, I also paid for my son’s surgery. Glory to God.shalom..
I watch a lot of ur videos and I appreciate the information you give!
For the newbie if you are actually trading in the crypto space and you don’t have a sound mentor. Then you are certainly going to get liquidated in 90% of your trades. Yeah that’s the sad truth. I remember when I just got into crypto back in 2019 but later in 2020 I ended up selling it because I have lost alot trading all by myself without a guide. Got back into crypto early in 2023 with $10k and I’m up with $128k in a short period of time.
Wow! That’s amazing.
How can one start,most times people don’t know where to start when it comes to crypto.
But it would be great if you can provide proper guidance on steps to follow please
As a beginner investor, it’s essential for you to have a mentor to keep you accountable.
Antonio Alex is my trade analyst, he has guided me to identify key market trends, pinpointed strategic entry points, and provided risk assessments, ensuring my trades decisions align with market dynamics for optimal returns.
Wow. I’m a bit perplexed seeing Alex Antonio been mentioned here also Didn’t know he has been good to so many people too this is wonderful, I’m in my fifth trade with him and it has been super.
I started working with Antonio Alex back in June, and my financial goals have never been clearer. It’s like having a strategic partner for my money with a solid track record.
The home I purchased in 2023 has appreciated by $60,000 since my acquisition. However, the downside is the diminishing value of the dollar. I am currently contemplating strategies to reinvest $300,000 in either stocks, real estate or gold.
Portfolio diversification is very advisable in the investment plane, well I think you need to get a financial expert to assist you with the best financial goal.
Right, I delegate my day-to-day investing to an advisor ever since suffering a major steep-down late 2020, amid rona-outbreak, and as of today, I’m semi-retired with barely 25% short of my $1m retirement goal after subsequent investments.
Once you hit a big milestone, the next comes easier.. would you mind dropping info of your Investment-Adviser please? I’m in dire need of proper asset allocation in order to achieve an optimal portfolio till year end, thanks in advance
KRISTIN AMY ROSE is a hot topic even among the finance elite in America. She’s just a search away(on the net)
thanks for sharing, I did a quick web search and was able to find her, I wrote her a mail and I hope she responds soon