UPDATE ON MY 401K – !!!
See where I’m at now and how my decision has impacted my life almost a year later!
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I cashed out my 401k savings earlier this year when all my shares, stocks of Disney reached a new high of $141 a share. My return after my contributions was at an outstanding high of almost 40%. So why would I even think about cashing out? Find out in this video my thoughts and my viewpoint.
I’m not a smart guy, I’m just a doer. And I’m also a risk taker. I want to create my wealth today! I’m an aspiring Entrepreneur who wants to create value.
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ATTENTION** VIDEO DISCLAIMER** This video was for fun, and to share my own personal experiences and opinions. I am not in any way a certified financial advisor, CPA, nor pretend to be one. Any information or advice I give on any social media platforms are in no way financial advice for you to take action on. Always speak with a licensed, certified professional when considering to take action on your beliefs and decisions. There is no guarantee on anything do to the fact that there are many variables that play a factor in your success. Do your own research, do the work and take everything as an opinion….(read more)
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Good choice young man. Nobody got wealth with stocks.
Really curious how these decisions and mindset worked for you after 2yrs… im on the other side of the spectrum making 200-300k, believing in long term planning and delayed gratification.. did stupid stuff when i was a bit younger.. anyways its nice to see to see a different take
So you remember how long after you quit it took to get your money?
Feel like you're just talking a lot but not making a point with anything.
I quit my job, cash in my 401K, started trading forex and when I had enough money I left the US so I could trade CFDs and never regretted my decisions.
Thank you so much for helping me to recover my money back from all this fraud and scam you're the Best out here. #Splinthack
All thanks to #Splinthack who helped me to recover my money back he’s the best out here..
All thanks to #Splinthack helping to withdraw my money back he’s the best recovery agent out here.
Update please, how is your money doing.
How do I cash out my 401K?
Probably the worst advice videos ever given on why not to have a 401K. Admits he doesn't understand or know the stock market. Mentions he cashed it out for car payments. Legitimately could have kept that money growing and save additional money for the other things you want. If anything. This sounds like a justification video for why you moronically cashed out your 401K. You have 0 understanding of compound interest and how it works overtime. I'm thinking to create my own YouTube channel now. I at least have more knowledge to explain why decisions make sense or not. Cashing out a 401K because you think other investments are better without going into detail about them and just saying 'real estate' is a fools game. 99% of people who do this don't know how to control their money. If they did, they wouldn't stupidly withdraw money, negating any gains in the first place. You should have never invested that money in the first place and could have saved 4K up probably with the same kind of contributions without any fees.
How much taxes will you pay back on this end of year?
Hey, do you have an update in this video. How have your investments done over the past 2 years.
Cut your mustache off, n you will look badazz
I don't see you taking on more risk for more reward. I see you paying a penalty and making a stupid financial decision.
The problem is most companies won't let you close your 401k account if you are an active employee.
Im thinking of cashing out my 401k….times are tough and want to buy an RV to cook some meth. There will always be a high demand and money for street pharmaceuticals!!!!
2900 dollars gave u courage bro?? U can't even buy a 2001 honda civic with that.. 4k rolled over in a Ira could of made 7 40k in 20 years. I bet that 2900 went to nothing
When the elite called van guard and black rock own everything we are becoming a communist country.. they own all 3 pokey pokes and all major companies. Tech and pharma. Go to yahoo finance and look at the holders. Find out who own those 2 companies .. it's private owners lol funded by the trillions of dollars they passed with our taxes..stop. putting these people in office
You know, the ones trying to try to make fast money, end up broke!? Slow and Steady is what makes one wealthy….Many wealthy successful people did NOT become rich "Overnight"….However, your decision. It's going to take A LOT of research and A LOT OF LUCK on your part. Having said that, wonder how you are doing today?
You should’ve been contributing the max so it could’ve grown faster so that you could’ve had enough money to do some life changing moves with.
I took out enough to buy two rental properties cash. Now I’m getting tax free rental income appreciation, and I reinvested the HELOCs on them back into the market so I can double dip. I still max out my retirement plan for the tax advantages yearly plus I can write off the rental income.
Inflation is coming hard with all the extra money in circulation. The rich get richer because they own assets, real estate, stocks, and business. The poor will get bleed dry with higher cost of rent, low wages, high priced goods, and services.
4000 not stressful decision
Please teach me how to turn 2000 into more money.