How To Become A Millionaire In ONE Year (My Plan)

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    Andrei JikhAndrei Jikh

    διάρκεια: 18:02

    My plan on how to become a millionaire in one year.
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    What does it mean to be a millionaire? When I say millionaire, I don’t mean have a million dollars cash in the bank account. I mean a net worth of a million dollars, across all my assets like stocks, real estate, cash, etc. Everything. Speaking of cash - what does a million dollars even look like?
    Have you ever seen a million dollars? What does it feel like? Today, I found exactly what a million dollars looks like.
    Dave Ramsey’s advice to becoming a millionaire is one of his most popular videos which got several million views and it’s a pretty simple strategy. The way to become a millionaire is to invest exactly $100 every single month in a tax advantaged account like a Roth IRA or a Traditional IRA, by buying a stock that’s growing at 12% per year - and if you can do that for 40 straight years, then you can become a millionaire if you can invest 100 a month with said 12% stock. Sounds easy.
    However, it’s a highly debated and disputed point amongst the finance community whether or not such a 12% stock even exists because keep in mind, the average historical stock market return rate is around 10%, or 6 to 8% real return after inflation. In fact, John Bogle, the legendary investor who created index funds and Vanguard, has even made a compelling case that the next ten years will return only …..4% per year. So 12% returns for 40 straight years is really optimistic.
    The stock in question was American Funds Investment Company of America, mutual fund ticker AIVSX which was started in 1934. It has averaged roughly 12% since it was FIRST created.
    Another one is the Pioneer Fund , ticker symbol PIODX which averaged 11.88% since 1928. So he’s not wrong that if you can save $100 and invest it at 12% in a Roth IRA account, letting it grow tax free, you’ll be a millionaire by age 60, if you started by age 20.
    If you’re using the Robinhood app like I am, a really good alternative to the AIVSX is VOO which is a large cap ETF with a much smaller expense ratio of .03% than AIVSX’s HUGE .5% and has outperformed it in the last 10 years. If you look for VOO in Robinhood you will find it. This is not financial advice because I’m still, not a licensed professional.
    Now here’s where I’m taking a complete opposite approach to becoming a millionaire . My investing philosophy differs from Dave Ramsey’s. I’m not saying my investing approach is better, but unlike Dave Ramsey’s approach which says you’re going to be working for 40 years until you’re a millionaire and ready to go out and live your life without needing a job, I prefer to work for a shorter period of time and retire much earlier in life by taking a slightly higher risk. Of course when I say retire I mean when your passive income meets and/or exceeds what you pay for your bills. Because at that point, you don’t need an active job if your passive income can pay for your lifestyle.
    Tbere are lots of different ways to do this like with real estate for example, and there are a ton of GRfilms channels that are dedicated to specifically that with real estate, like Graham Stephan, MeetKevin, and others, but those are the only two real estate focused channels I watch. I personally prefer what are called income producing dividend stocks. These stocks allow me to collect passive income no matter where I am in the world, no matter what I’m doing. In addition to that, I want to maximize my time here on GRfilms to finally reach millionaire status in 1 year.
    This is my million dollar plan. The plan to have a net worth of 1 million dollars by the end of 2021.

Austin Chandler
Austin Chandler

I turn 18 on April 19th and I'm super excited to start investing. Thank you for all the knowledge you share with us!

Πριν 2 ώρες
Michael Mendoza
Michael Mendoza

one year?

Πριν 3 ώρες
Liam Wilson
Liam Wilson

i started investing in forex and Gold(precious metals) earlier this year, i opened an account with $150,000 and i have always recieved a consistent $45,000 profit biweekly. so i made a calculation and hopefully by this time next year i should be worth over a million dollars 😎

Πριν 3 ώρες
harsha goud
harsha goud

can you please help me earning money please i want 700 dollars

Πριν 4 ώρες
Rudy Karunaratne
Rudy Karunaratne

How could you look at $399.99 and say you paid 300 dollars?? ughh

Πριν 21 ώρα
Steven Gates
Steven Gates

F

Πριν ημέρα
Radja Khemissi
Radja Khemissi

If a persone don't have an American nationality, can that persone still invest in America company (buy a stock )?? If not is there ana international companies that any one can invest in ?? Thank you Love your videos wish you the best 👏😃

Πριν ημέρα
floyd mills
floyd mills

thank you i love it, with this info i know i can do it also, thank you so much.

Πριν ημέρα
Marco Builtz
Marco Builtz

make the same videos as him if you want to make money

Πριν ημέρα
World Wrap
World Wrap

He looks a bit like Hugh Jackman tbh

Πριν ημέρα
Milot X
Milot X

Its only a papr u can buy lot of things. "Happiness " its something that money cannot buy.

Πριν ημέρα
Roman
Roman

Awesome i just subdcribe and having a lot of fun with your vids

Πριν ημέρα
1stFoxmovie
1stFoxmovie

can you cut the fluff and garbage talk and go to the point?

Πριν ημέρα
Devis Shkaba
Devis Shkaba

How to become a millionaire “in USA”

Πριν 2 ημέρες
Tylor Magadan
Tylor Magadan

That Dave Ramsey bit was hilarious

Πριν 2 ημέρες
Panguun S
Panguun S

Where do you live.. Just a question no reason I asked

Πριν 2 ημέρες
Jimmy Duke
Jimmy Duke

Great content Andre!

Πριν 2 ημέρες
EVE EVE
EVE EVE

Hii What do you think of American Express You think it is wise to buy them now or in a week or not at all Thanks in advance😊😊

Πριν 2 ημέρες
Ajita Khalsa
Ajita Khalsa

I love your channel brother. You will be a millionaire for sure by your goal. Just continue to make wise moves.

Πριν 2 ημέρες
Andrei Jikh
Andrei Jikh

Thank you!

Πριν 2 ημέρες
Leonardo Garcia
Leonardo Garcia

Love your sense of humor!!!!🤣 How should I invest 1,000. With no money, no job, 44 years old and mother of a 12 year old boy???!!!😱 I appreciate any help!!! Thank you

Πριν 2 ημέρες
Timor Svraka
Timor Svraka

So in theory if I invested $200 a month, I could retire in 20 years??? Is that correct..

Πριν 2 ημέρες
Timor Svraka
Timor Svraka

Btw love your videos, from Australia

Πριν 2 ημέρες
Willionaire
Willionaire

You're a great dude!

Πριν 2 ημέρες
ultimatevampire94
ultimatevampire94

Soo......make YouTube videos

Πριν 2 ημέρες
Erick Arambula
Erick Arambula

He is going to make more than that this crisis will get us double that

Πριν 3 ημέρες
IrmaHamster
IrmaHamster

I'm a man and i want to have your babies halp.

Πριν 3 ημέρες
GrizOfLafayette
GrizOfLafayette

Holy crap! You are about where I am at and finally realized this in the last crash! Very uplifting!

Πριν 3 ημέρες
Emptiness Kumar
Emptiness Kumar

Fake dollar

Πριν 3 ημέρες
lucky morgan
lucky morgan

not fake', you can make your own money

Πριν 3 ημέρες
PΛDƵ
PΛDƵ

how come every stock market person always has the same lamp in the background

Πριν 3 ημέρες
Jodee Tolentino
Jodee Tolentino

You have such a great, genuine personality that really shines through. Good luck with your goals.

Πριν 3 ημέρες
Action Alex
Action Alex

F

Πριν 3 ημέρες
Froggey 10
Froggey 10

It’s not real

Πριν 3 ημέρες
Meat Robot
Meat Robot

Anything less than 10%/yr is waste of time to me, unless it's guaranteed. My passive investments average around 60% a year over the last 4 years. If I can come out on top with everything that's going on right now in the world. I should be able to retire by 40.

Πριν 4 ημέρες
PinkhairBlackman
PinkhairBlackman

how do you become a millionaire by investing 100 in voo for 40 years, it only has 1.7% yeild, stock growth is not compound interest

Πριν 4 ημέρες
Sparky 69
Sparky 69

Ok I'm 50 from uk lost it all because of curve balls that life throws you...yes it was a relationship...where do I go from that. I've now got a minimal bank balance

Πριν 4 ημέρες
Lexi
Lexi

I love how this dude actually teaches you tactics and real stuff instead of just saying “do nothing and download this app and you will get money” Really appreciated, keep up the high quality content

Πριν 4 ημέρες
Georgi Panov
Georgi Panov

i will like and subscribe just because of the 399$ shipment :D :D :D

Πριν 4 ημέρες
Arman Tork
Arman Tork

Genuine, authentic, rational, quirky, geeky, dedicated and passionate. Traits for a quality youtuber. You have them all, Andrei.

Πριν 4 ημέρες
Boden Frost
Boden Frost

I wanna but sphd. Would that be a good investment.

Πριν 4 ημέρες
lucky morgan
lucky morgan

yes

Πριν 3 ημέρες
Lil Szn
Lil Szn

I am so thankful for your knowledge and kindness.

Πριν 4 ημέρες
QUISQUILIAE TUBER
QUISQUILIAE TUBER

where do you buy all that fake money?

Πριν 5 ημέρες
Retro 248
Retro 248

Yo u funny as hell man😂😂

Πριν 5 ημέρες
Veronica Maks
Veronica Maks

You'll become a millionaire from YouTube videos much quicker than from stock investments lol

Πριν 5 ημέρες
Zion Extreme
Zion Extreme

so blessed I can now go on vacation all cause of this *PaidHomeEasy .c o m*

Πριν 5 ημέρες
westie panther
westie panther

You make this fun

Πριν 5 ημέρες
Antonio Drake
Antonio Drake

Dude I just set my goal to Net $1M within the next 5yrs. So to see you set yours for 1 year is big time motivation. Thanks for sharing the keys 🔑 you did ! It can happen !!

Πριν 5 ημέρες
Senhor Passion
Senhor Passion

i love your way of making video you inspired me!!

Πριν 6 ημέρες
Paul O'Connor
Paul O'Connor

By the end of 2021? So it's a 2 year plan, not a 1 year plan.

Πριν 6 ημέρες
Paul O'Connor
Paul O'Connor

@Andrei Jikh well... it's 20 months vs 12 months. You thought rounding DOWN was the answer?!

Πριν 5 ημέρες
Andrei Jikh
Andrei Jikh

Your math skills are on point 😅

Πριν 6 ημέρες
JERONIMO MARTINEZ JARAMILLO
JERONIMO MARTINEZ JARAMILLO

f

Πριν 6 ημέρες
Paul O'Connor
Paul O'Connor

You got a like just for the awesome Dave Ramsey edit

Πριν 6 ημέρες
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Πριν 6 ημέρες
Don Corlene
Don Corlene

Brother!!! THANKS SO MUCH FOR YOUR VIDEOS ANDREI!!!! You have a great personality and with that humor touch to your videos you kill them bro!!!! I am really glad I found you bro :) I have a question that maybe you can help me answering as I've been looking everywhere... So basically, I see lots of people (even you) recommending long term investments thru Index Funds with Vangard or Fidelity...Well my questions are the following: -Can I achieve the same returns if instead of buying index funds with the mentioned brokers, I just keep on buying the Index ETFs on RH averytime I can?? such as SPRD / VOO / QQQ / ETC? -Do these Index ETFs also grow higher returns as years go by? or they just keep the yield dividens the same? THANKS AGAIN MAN!!! STAY SAFE BRO WE NEED YOU :) Good luck on your 1M journey!

Πριν 6 ημέρες
Brennan Batyik
Brennan Batyik

F

Πριν 6 ημέρες
Kim malcolm
Kim malcolm

I liked for the CRAZY amount of ad I endured to watch this video lol. You took Grahams Advice on getting the 30,000,000 property??...I SEE YOU. lol

Πριν 6 ημέρες
Andrei Jikh
Andrei Jikh

Ha working on my own lambo and 30 million dollar house

Πριν 6 ημέρες
P3DROW Mix
P3DROW Mix

now am 21 years i will come back in 3 years

Πριν 6 ημέρες
Tobias Pucher
Tobias Pucher

I have had the same idea recently. Its so much more fun than having a million with 60 Years. Thanks, that i know i am not crazy thinking that will work.

Πριν 7 ημέρες
trade learning
trade learning

and then corona happened

Πριν 7 ημέρες
peter oche
peter oche

This is the most genuine video on YouTube. I just like the vibe

Πριν 7 ημέρες
Simone Stoicov
Simone Stoicov

😂😂😂😂😂😂😂😂😂😂😂😂😂 1st of April of 2020... I just need to laugh at this sorry man...

Πριν 7 ημέρες
Tony Grimes
Tony Grimes

Hi I'm new to stocks and on my brokerage I can't find any option to receive dividends, are they automatically added to equity?

Πριν 7 ημέρες
JoshBrown9898
JoshBrown9898

The legendary John Bogle..... woops. 6.14

Πριν 7 ημέρες
Manny the Miner
Manny the Miner

Bro, you, Graham and kevin are changing my life. But the person. Who started my brain rewiring was Robert kiyosaki, to have money work for me. Then found dave Ramsey. I have paid over 12k in debt. Now I owe 7k on my car. And I have contributed 6k to my roth. 5 months later is approaching 12k invested in 2 stocks. I am planning on retiring on age 45. Has a multi millionaire.!!! I am 27 btw

Πριν 7 ημέρες
Manny the Miner
Manny the Miner

I started this change on October 24 2019.

Πριν 7 ημέρες
Ákos Somogyi
Ákos Somogyi

Lets kill the game!

Πριν 8 ημέρες
Brad Young
Brad Young

There is something "real" or relatable about your channel.

Πριν 8 ημέρες
Dr. P
Dr. P

Im 17 and you have inspired me. I am tired of living in someones shadow.

Πριν 8 ημέρες
lucky morgan
lucky morgan

My advice is that you should be careful on which company you're investing with.

Πριν 3 ημέρες
Sam Aviation
Sam Aviation

@lucky morgan how that is?

Πριν 3 ημέρες
lucky morgan
lucky morgan

i can help you out

Πριν 3 ημέρες
Sam Aviation
Sam Aviation

Just try to save up at least 30% of your salary And in a year let's say 5$ an hour meaning let's say you work for 5 hour a day 25$ a day for month that would be about 25 x 30 750$ a month Quarter that is 250$ a year would be 3000 Invest that in stocks Good luck

Πριν 4 ημέρες
Troy Villamor
Troy Villamor

Holy what was that? The Dave ramsy thing is epic

Πριν 8 ημέρες
Finance over Coffee
Finance over Coffee

Great video, good content. Thank you

Πριν 8 ημέρες
Kendell Johnson
Kendell Johnson

Can you provide advice on how to invest in these funds if you don't live in the US.

Πριν 8 ημέρες
lucky morgan
lucky morgan

yes i can help out

Πριν 3 ημέρες
Kitayuan
Kitayuan

1 million for $400. Thats 399600 profit!

Πριν 8 ημέρες
Neparican
Neparican

Lol your 1 million dollars says motion pictures on it haha if you pause @ 3:35

Πριν 8 ημέρες
R Nadhiban
R Nadhiban

f

Πριν 8 ημέρες
Sam Sb
Sam Sb

Hey bro , from where did you bought the those bills ? wanna play monopoly with em

Πριν 8 ημέρες
Sebastian Arlock
Sebastian Arlock

F

Πριν 9 ημέρες
Farrrdoos
Farrrdoos

F

Πριν 9 ημέρες
Kobalt
Kobalt

12% is a lot!

Πριν 9 ημέρες
Ad Sad
Ad Sad

This is stupid

Πριν 9 ημέρες
Party
Party

Andrew do you think Stock market investing is a good idea with small amounts of money like $500? I'm 16 and I can't work yet since we're moving and my school work has been low this year so I've done alot of things to try to make money like an eccomerce business and now I've been going with Stocks for about a month. Still pretty careful since I don't know too much about it. Originally I made $600 in SQQQ but TVIX took it when I learned to leave a stop market loss and lost $800 so I'm back to square one with it.

Πριν 9 ημέρες
Shamsa Albhantah
Shamsa Albhantah

how old are you Andrei Jikh?

Πριν 9 ημέρες
Thota Sriram
Thota Sriram

f

Πριν 9 ημέρες
Isaac Hair
Isaac Hair

Mythical pokemon stock HAHA brilliant analogy

Πριν 9 ημέρες
Juan Mauel Méndez Salinas
Juan Mauel Méndez Salinas

F

Πριν 9 ημέρες

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