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50 comments
Don't move out until you build up decent savings.
Open a Roth IRA, invest in a growth ETFs, NOT mutual funds, (boomer shit).
Start with minimal investing if your income isn't there, or just hold off until your income increases.
Make sure you are in a position to move up in your career.
BTW, it's giving "MOVE OUT STOP LEECHING YOU DUMB KID" energy. Boomer.
A lot of what’s mentioned here lines up with what Caren Janelle Jacobs teaches. She’s a great resource if you want to learn more.
It's truly remarkable that trading investment has helped a lot of people in achieving their goals, and taking away many struggles.
Purchasing a stock may seem straightforward, but selecting the correct stock without a proven strategy can be exceedingly challenging. I've been working on expanding my $210K portfolio for a while, and my primary obstacle is the lack of clear entry and exit strategies. Any advice on this matter would be greatly appreciated.
Building wealth from nothing involves consistent saving, disciplined spending, and strategic investments. Begin by creating a budget to track expenses and identify areas for savings. Prioritize paying off high-interest debt and establishing an emergency fund. As you build a foundation, start investing in low-cost options like index funds, and focus on continuous learning and improving your skills for better income opportunities.
I was living alone from 18 to 28 and then because of health reasons had to move back to my parents and stayed for 2 tears while working. I really regret the years that I was paying half my monthly salary to rent a house and live alone. Living with my parents helped not only me to save rents but also my parents as we shared the bills. Now, I dont stay anymore with them but I landed a job that offers free accomodatuon so I can continue saving money.
I was skeptical about online financial advice until I found Caren Janelle Jacobs. Her stories are so relatable and her tips really work.
He needs to be investing in cryptocurrency
I prefer investing in closed-end funds that distribute monthly dividends. The key is to take a long-term approach-reinvest those monthly dividends and continue purchasing additional
shares regularly or whenever finances allow. Since closed-end funds trade like regular stocks, this strategy is simple to implement. Over time, it can build a portfolio that generates $50,000 to $70,000 in annual dividend income.
Quality content, thanks!
You should ask someone else that question😂
Good and helpful video. I am new to this and I have 20k to invest, how will I gain in a short period this 2025
I'm a retired widow and proudly debt-free. You spoke about investing in solar energy and electric vehicle charging stations in one of your videos, I'm now earning up to $81,000+ since I started. It’s been a total game changer, giving me peace, stability, and the freedom to enjoy life with everything I truly need.
Dave’s good, but the generational gap is noticeable. The propaganda to move out so the government, land owners and banks can start making money off your work is overwhelming. Be smart and help your family grow.
I disagree with Dave, move out. Bruhhh as long as his parents want him there. Who cares. Do all that and help mom and dad out. Dave is an old geezer
If u don't have partner why would you move out?
I live at home . 31. Feel like i gotta go soon. But i did build a little business. I have 6 rentals now. No job tho. Just business. Gunna do yards or something next.
So basically… stop trying to save and “be an adult with problems first”? No thanks lol
Creating wealth entails establishing positive routines, I had only $78k to my name at 42 when I first woke up to this reality. I chose the stock market as a medium of growth, got an excellent financial advisor, Financial management is a vital subject that many avoid, often leading to future regrets.
19 with 50k in bitcoin TO THE MOOOOOOOONNNNNNNN
I don’t think it’s the worse thing for my parents but after being in college for 4 years and having my own place and independency I will never go back. I’ll suffer if I have too and I have great relationship with my parents. I just think you grow more as a person but it all depends on what your goals are.
What is it with Americans and their obsession with moving out early, save some money damn support your parents
Funny you guys mention this. I was stuck spinning my wheels in the market until I caught a CNBC segment on Velinda Morlandt. She’s not just a trader, she’s a portfolio whisperer. I reached out, and within 3 months, my investments flipped from flat to flying. Hands down, the best move I’ve made.
Success depends on the actions or steps you take to achieve it. Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Financial management is a crucial topic that most tend to shy away from, and ends up haunting them in the near future.., I pray that anyone who reads this will be successful in life!!
I'm holding over $200,000 in cash, earning about 5.15% interest. With the current fears of a recession, I'm hesitant to invest in index funds. Are there better strategies to achieve higher returns from stocks?
Thank you lord jesus for the gift of life and blessings to me and my family $14,386.32 weekly profit our lord jesus have lifted up my life!! 🙏❤❤
No, don't move out as fast as possible… If you're at least contributing/pulling your weight in your home so be it. Look at the brown families for example, I have many friend whom are real estate agent's and run businesses and they live with their family, and guess what.. THEY'RE ALL well off! They work together!
Smart
If my kid is responsible and working towards something positive I don’t care how long they stay with me and mom. That’s an opportunity to save and invest as much money as humanly possible. If he sets up just a simple S&P 500 account and contributes to it every week or once a month he would really be ahead of the game.
Nighas “in New York City”
What a well-made video! I love how you broke down the concepts in a clear way. However, I have to say that I think investing in stocks at 23 might not be for everyone. Some ppl might be better off focusing on building an emergency fund first. What do you all think?
Thanks for this information, intentional planning always makes the difference.
My outlook on money changed when I realized someone making $300,000 can retire broke & someone making $80,000 can retire a multi-millionaire.
If your parents are ok with you staying at home and you are investing and saving money there is zero reason to leave the house financially speaking.
Well explained. Thank you for bringing up this video. Financial education is indeed required for more than 70% of the society in the country as very few are literate on the subject ….. Thanks to Evan Dennis the man you recommended….
why move out? why not keep the rent money or invest it?
Man I completely disagree with almost everything here
With all due respect, this is all BS. Only real investments and solid investments where you don’t need to worry about losing it is in real estate. There are only a few companies that offer investing in real estate. Only one that offers you 110% money-back guarantee is Arab construction company Proopsy.
Arabs have some crazy real estate investments like Proopsy. They offer 120% money back if you don’t make $50,000 USD per month.
Forex, crypto, stocks—it’s all a scam run by big-nose people. Only legit investment is in real estate. People buy that BS when they can invest some money with Proopsy in construction and get guaranteed $50K USD per month, every month, secured by Arab money.
Investing in this is time lost plus money lost. Only invest in real estate. I made $50K USD every month from Proopsy company building houses, which you pay for and they rent it out.
Real investment is real estate. Companies like Proopsy have 120% guarantee to pay you $50K a month if you invest with them. And this what you have here is fake.
All digital assets and investments are fake money. Real business, real money is in real estate—not this BS. Companies like Proopsy offer real opportunities in real estate and they cash out over $50,000 USD per month, all secured with Arab money.
All this money is fake. We as a nation have failed to see it from the movie Wolf of Wall Street. If it has the word crypto, NFT, stocks—be sure it's a scam. Only real investment is in real estate. There are funds like Proopsy who guarantee $50,000 USD every month from your investments. And there are still idiots who buy crypto and stocks.
All this is a scam and not tangible. Only real investment which you can see in real time is real estate. There are companies like Arab Fonds called Proopsy who guarantee you $50,000 USD every month if you invest in their properties. That is real business, that is real investment—not this scam.
Only investment you ever need is Proopsy. They guarantee you $50K dollars every month to whoever invests in their properties. Real concrete, real wall—not some fugazi like crypto or forex or stocks.
Crypto is a scam, best investing is in real estate. There are companies like proopsy who guarantee you $50K every month if you invest in their properties. Real walls, real story, real business—not some BS like crypto or forex.
So what do I do if I’m 18 with no debt
rather than tell him how to turn 43k into a retirement you told him to go find a rock in a hard spot first lmaoo
It's great to see so many young people thinking about investing early! Don't let anyone shame you for leveraging your living situation to maximize savings – just make sure you're contributing to the household and building good financial habits along the way. The power of compounding is real, and starting now will make a huge difference down the line!
Whos here in 2025 thinkn this kid should've never moved out of the basement??? 😂😂😂