How To Build Wealth In 3 Steps

USEFUL INFO: If you like this type of content and want to join a community of like-minded investors, you can check out the Patreon. It's risk-free and offers a free trial period. It also includes Qualtrim, a suite of software that helps do analysis on stocks. You can join here: www.patreon.com/josephcarlson Here's my current portfolio: m1finance.8bxp97.net/mgb1Xq I have another YouTube channel that's more podcast style, you can check it out here: www.youtube.com/channel/UCfCT7SSFEWyG4th9ZmaGYqQ Also, ignore bots pretending to be me. Literally the only thing I "sell" is my Patreon, that's it.

Great Vid! My first dividend check was .89 cents from Home Depot and I was so excited because I didn’t have to clock in for that. Yea, it’s only 89 cents but to me it was the start of me becoming wealthy as you state in your video. I still have my 2014 Altima with no radio and one rim cap missing while all my friend are buying new cars and going out every weekend. Me and my fiancé have been blessed to stay downstairs of her parents house and contribute only $500 a month while we both combined make 6 figures. Our friends are renting condos at all time highs. We’re investing 70% of our money a year. We’re on a mission to change our family tree and build generational wealth.

Fun fact: people will say “it’s just 3 simple steps” What they won’t say is each steps are very long. Like 1-5 years per steps long. But don’t let that discourage you. Joseph is a prime example.

Started investing back Dec 2019, I currently make $32k/yr while I finish up college and got my account up to $18k+ 🙏

What's up with all the "step 1. get a YT channel, step 2. use YT money to fund portfolio" comments? Are people really that ignorant and jealous? It completely misses the point. Yes Joe makes money from YT, Patreon, etc., + his other jobs, but look at what he does with that income. He started with a couple k from his old job, got better pay and created side ventures and kept investing all income in smart ways. He then explains to us why he invests it in a very transparent way down to each penny, and shares so much valuable information with the community. Learn from him instead of bashing on his success. I suppose this is Darwinism as well; the ones who are bound to fail only have criticism and see the world through a straw.

I dont usually comment but i really enjoy your perspective in investing and the transparency compared to other youtube investors! Every video I learn something new, thanks Joseph!

Awesome! your potential seems timeless.* Understanding your financial needs and chalking out a plan remains the smart way to prepare for the unexpected. 11yrs in investing space and extremely pleased with the decision I made.The good news is — it’s not too late.

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 even in a down trend, with the right skills and proper understanding of how the market works.

Can you please make a video about growth etfs vs dividend etfs? I know you own both in your portfolio! Thanks!! Great content as usual.

In the past 3 years I have gone from $25 an hour (Internship after college) and now in 2022 I am at 105k. I am moving more and more money into assets. But its scary to think about buying a second property (rental home), maybe in a few more years. It is really cool to see my M1 account paying back dividends, I started shortly after you made that first video with 100$.

I started working at Amazon part time while working a regular full time job.. Every dollar made at Amazon goes to a savings account. From there, I direct those funds to an individual investment account, Roth IRA, and a Emergency Savings account. The line is steadily increasing in value. Wish I would’ve done this earlier.

By far one of the best videos that is detailed enough but not to much info where it becomes overwhelming. I'm not stock invested but find these videos super interesting.

When it comes to investment, diversification is key. That is why I have my interests set on key sectors based on performance and projected growth. They range from the EV sector, renewable energy, Tech and Health.

Thank you for your videos. I've only watched a few so far. Once I found your channel and saw your first video and the little amount you started with, I knew I could do it. For the first time in my 54 years on earth, I started investing in drips. I didn't understand investing so I avoided it but now I've placed my money into what I do understand. Your videos have inspired me to get started. I've even sent the link to my children so that they can get started earlier than I did.

Fresh coding bootcamp grad here (9 months). Just presented my final last week. This week, I'm using my former school time to build my portfolio and apply to jobs. Thankfully my school has a great Career Services program that stays with me after school. I was investing in stocks before I started school. With school loans (-$15k), my debt increased, so my net worth is much lower than I started, but is still around $10k. My goal is to pay off all student loans by the end of the first year of work and then I'll have even more money available to buy stocks! Looking forward to growing my wealth!

This is by far your best video ever. Hands down. Shared it on my Instagram page as it's the best what I can do to support you. Thank you so much for making all this great content, I love it!

I know what you present isn't "sexy", but I really don't know why you don't have at least double the amount of subscribers you have. Consistent, great information. Thank you.

Basically every useful financial strategy boils down to spending less than you make 💸

Great video but I have to say, some of the advice here is a bit too “conservative”, in the sense that one of the actual ultimate objectives of becoming wealthy is… buying all that stuff that you always wanted to have. All that money if you are dead is worth absolutely nothing except for maybe spoiling your kids who didn’t even work for it. What I mean is, once you have decent wealth after having invested for years and having earned a lot, you HAVE to indulge yourself in what you love the most. If that is a Tesla, so be it. If that is a vacation home because when you were a kid your family could only go to 1 star hotels in a shitty nearby village, so be it. Hell, if it’s buying Pokemon cards, so be it. We only live once, and obviously I’m not saying you should waste all your money, in fact the “Wealthy household cycle” is the best one, but at some point you have to make good use of all that money (which really is just a agreement we have among humans because fiat money is inherently worth nothing in the end) and BUY all those things that make you happy. Slowly (keeping the asset income flowing), but surely.

Just bought my first rental property that I’m going to turn in to an Airbnb! Been all about stocks, crypto, and businesses up until now so I’m excited to share the journey on my YouTube channel with you guys!