Because I hate clickbait titles: Invest $1 and over 30 years, your $1 will be worth $10 in today’s money. That’s adjusted for inflation, so that money will have the same buying power in the future as it does right now. This isn’t a get rich quick scheme, it’s just about the importance of investing as much as you can, as early as you can, for as long as you can. Think of every purchase in its future value - that $5 coffee is worth $50 in future money. That $80 dinner is worth $800 in future money. When you think of things this way, you begin to question if certain purchases are really worth it to you right now, and helps you focus your money on the things that will really bring you the most enjoyment vs a large payout in the future.
I don't recommend trying to time the market, either - you know, waiting around for the market to crash - or not buying because "the market is at an all time high." Or trying to sell at the top. I mean, dude, the market is always at an all time high throughout history. Just invest consistently over a long period of time and you’ll be fine.
Compounded interest is an amazing concept. But it's takes discipline and consistency. People want an easy quick fix. This is neither. It takes discipline not to spend your money for 30+ years. It also takes time to see your returns add up. But over time, the returns are massive.
Now I know some of you will say YOLO, you're only young once, live today you can die tomorrow - true. There is a lot of benefit in living your life now and not being some 70 year old with trillions of dollars because you didn't spend anything, yet don't have the capacity to enjoy it anymore because of illness or because you're just 70 years old. Just don't be stupid about it and spend all your money on things that don't add real, lasting value and happiness to your life.
And because people want an answer to what I specifically do, here it is: I invest everything in VFIAX. Every year. I automatically reinvest the dividends. Then I use the majority of my money to invest in real estate. Rinse. Repeat. Cash flow. Make YouTube videos. Bam.
Snapchat: GPStephan
Instagram: GPStephan
Suggested reading:
Audible Free Trial: http://amzn.to/2mOi6WZ
Your money or your life: https://goo.gl/fmlaJR
The Millionaire Real Estate Agent: http://goo.gl/TPTSVC
The Millionaire Real Estate Investor: https://goo.gl/sV9xtl
How to Win Friends and Influence People: https://goo.gl/1f3Meq
Think and grow rich: https://goo.gl/SSKlyu
Awaken the giant within: https://goo.gl/niIAEI
The Book on Rental Property Investing: https://goo.gl/qtJqFq
I don't recommend trying to time the market, either - you know, waiting around for the market to crash - or not buying because "the market is at an all time high." Or trying to sell at the top. I mean, dude, the market is always at an all time high throughout history. Just invest consistently over a long period of time and you’ll be fine.
Compounded interest is an amazing concept. But it's takes discipline and consistency. People want an easy quick fix. This is neither. It takes discipline not to spend your money for 30+ years. It also takes time to see your returns add up. But over time, the returns are massive.
Now I know some of you will say YOLO, you're only young once, live today you can die tomorrow - true. There is a lot of benefit in living your life now and not being some 70 year old with trillions of dollars because you didn't spend anything, yet don't have the capacity to enjoy it anymore because of illness or because you're just 70 years old. Just don't be stupid about it and spend all your money on things that don't add real, lasting value and happiness to your life.
And because people want an answer to what I specifically do, here it is: I invest everything in VFIAX. Every year. I automatically reinvest the dividends. Then I use the majority of my money to invest in real estate. Rinse. Repeat. Cash flow. Make YouTube videos. Bam.
Snapchat: GPStephan
Instagram: GPStephan
Suggested reading:
Audible Free Trial: http://amzn.to/2mOi6WZ
Your money or your life: https://goo.gl/fmlaJR
The Millionaire Real Estate Agent: http://goo.gl/TPTSVC
The Millionaire Real Estate Investor: https://goo.gl/sV9xtl
How to Win Friends and Influence People: https://goo.gl/1f3Meq
Think and grow rich: https://goo.gl/SSKlyu
Awaken the giant within: https://goo.gl/niIAEI
The Book on Rental Property Investing: https://goo.gl/qtJqFq
Invest in candy or real-estate and you won't be broke save cash and invest market long long term you will havee less
Sorry but terrible advise because 30 years ago one dollar was worth one dollar today that 10 dollars is worth less that one dollar was…100 pcs of penny candy = 1.00 today 100 pcs of candy will cost at least 15-20 dollars..house then in New York 50k same house today 650k so 30 years later your 10.00 is only worth 0.63 cents No Thanks!
Old school Grahm
May 31, 2023 S&P500: $4187.42
I wish you told me to invest in Bitcoin back then
Rare Graham Stephan origin video!
Yeah until you find out that a cup of coffee is $50 in the future. 😅
No my guy I'm watching it five years from then 🤣 just to keep my brain fresh
Graham 🙂👍
Yeah I’m watching in 2022, s&p 500 is at $3935 💀
You were way better here when you were talking slower. Now you are too fast and stressful
2022 s&p $4,297.14 stop waiting!!! WOW
LOL watching this in 2022 and Graham talking not knowing when the stock market crashing.
Out of curiosity went back to old videos, am amazed!
Wow, Graham used to say bad words? lol
bro predicted 2022 market bubble
I wish he swore this much in videos still
we love you bro
I wanna make some money
How is it tax free
Thing is, inflation will be a big problem if I have my money freezed 30years from now.
Please watch Buffet or Lynch, some Moron’s just get lucky ! His videos are at best mediocre, it’s will not too long before he is replaced by someone more experienced and dynamic ! How do I unfollow this junk ?
Watching this at 23 wishing I put more time in at 18 toward this idea of balancing instant gratification and investing in the long run. I’m glad that I’m not in my early 30’s making this realization though. Graham, thank you for this. You are and others like you, are helping more then I think you will ever know!
Graham, this is BY FAR the best video you've ever done. Not exciting, not sexy, just a factual explanation of how to utilize the most powerful way to grow your wealth. BRAVO!
4K as of 2021
“I’m not gonna go tell you guys to invest in Bitcoin” 😂🤦♂️
You literally called Bitcoin a stupid investment at .045 seconds WOW
“I’m not going to tell you to buy Bitcoin or any of that rubbish” – should have done 😂😂
do you need to sell and reinvest to et dividends?
If you brought in the 1940s you have a high likely your dead
I miss non advertiser friendly Graham
"I daydreamed about it every night."
Swearing Graham is a great Graham 🙂 hahaha.
Omg im so happy this video came up for me. Graham looks so much younger here lol. And uncensored
Ive watched him as often as i can but to hear him say the f bomb as much as he did sure suprised me.
Yo I had to rewind a couple times when he swore cause I just couldn’t believe it