WEBVTT - How to Build Your First $100K (The 3-Account Rule)

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<v Speaker 1>Absolutely not.

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<v Speaker 2>New ETF alert, New ETF alert. I want you to

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<v Speaker 2>write this down, put this in your notes. I feel

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<v Speaker 2>like we're about to have another moment. And if you've

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<v Speaker 2>been watching ETFs its interest. I was listening to Josh Brown.

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<v Speaker 2>They were talking about ETFs and the amount of ETFs

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<v Speaker 2>that have come online in the past six years. I

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<v Speaker 2>had no idea, right, So I think in twenty twenty

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<v Speaker 2>one there were two hundred and six ETFs in existence.

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<v Speaker 2>Last year alone, nine hundred and sixty were created, and

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<v Speaker 2>this year they said that they're going to pass that number.

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<v Speaker 2>So you're talking about over two thousand ETFs in the

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<v Speaker 2>past three years, which tells me index funds and mutual funds.

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<v Speaker 1>That's gonna be tough. That's gonna be tough because these

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<v Speaker 1>more products are being created.

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<v Speaker 2>But the new ETF that I'm looking at, and it's

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<v Speaker 2>something that just came online on August Sith goes back

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<v Speaker 2>into the story where we were talking about this AI

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<v Speaker 2>infrastructure space and the idea of how information and data

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<v Speaker 2>is going to travel.

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<v Speaker 1>Am I, I don't know.

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<v Speaker 2>We're talking about photonics, and so photonics really just means

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<v Speaker 2>how data is using light to transfer data which makes

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<v Speaker 2>it a lot faster, more efficient, and that is where

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<v Speaker 2>it's headed in terms of data transfer inside of the

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<v Speaker 2>actual data centers. So if you look at Nvidia their

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<v Speaker 2>partnership with GLW, Apple's partnership with GLW, which is corning

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<v Speaker 2>for those not and to know if you watch what

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<v Speaker 2>in Nvidia has invested in in terms of Coherent, in

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<v Speaker 2>terms of momentum.

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<v Speaker 1>Those companies are leading. Now we saw a correction in

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<v Speaker 1>that space.

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<v Speaker 2>So like under the story of memory being corrected, we

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<v Speaker 2>saw the photonic space be corrected. And now quietly it's kept.

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<v Speaker 2>We've watched them rebound. Nobody's talking about it. But if

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<v Speaker 2>you look at what Loumentum has done, the ticker is

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<v Speaker 2>l T E l I T is the ticker. It's

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<v Speaker 2>rebounded here right, we're going to retest one thousand very shortly.

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<v Speaker 1>Coherent.

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<v Speaker 2>I just told you about how reported and how time

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<v Speaker 2>will you know if you were trying to get these dailies?

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<v Speaker 1>Are you trying to get the weeklies?

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<v Speaker 2>It didn't work in your favorite Coherent closed that three

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<v Speaker 2>fifty one. It's going to test it all time highs

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<v Speaker 2>and so some of people looking like, hey, I missed

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<v Speaker 2>the boat. These stocks are pretty high. Well, they just

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<v Speaker 2>created photonics etr right, just took it down.

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<v Speaker 1>L y t E l y t. Why is that important?

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<v Speaker 2>For the same reason when I was telling you about DRAM,

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<v Speaker 2>when you said Sanders has run, we can't afford it

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<v Speaker 2>from an individual standpoint, and Micron has run and we

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<v Speaker 2>can't invest in it from an individual standpoint. This now

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<v Speaker 2>gives you an allocation to a space that is going

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<v Speaker 2>to lead. It is necessary inside of the AI infrastructure,

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<v Speaker 2>specifically the data SAT data center space to how information

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<v Speaker 2>will be transferred number one more efficient, number one faster,

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<v Speaker 2>number two faster, way faster, if you're looking to have

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<v Speaker 2>exposure to the photonic space. Because yeah, to invest in

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<v Speaker 2>so many companies Troy and not number one. I look

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<v Speaker 2>at Hey, what is N'tvidia invested in? What's in the

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<v Speaker 2>fun who are they spending with?

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<v Speaker 3>Right?

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<v Speaker 2>If you look at that, that's that sometimes they have that,

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<v Speaker 2>that's that pie chart of the companies they're investing. Look

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<v Speaker 2>at them, Synopsis, cadence, we've spoke about that in detail,

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<v Speaker 2>coherent momentum, even SpaceX. Now there's a reason why. Now

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<v Speaker 2>you could say circular economy. But they are protecting their

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<v Speaker 2>interests and they're becoming the central bank. So they're loaning

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<v Speaker 2>out the money and they're loaning out the product and

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<v Speaker 2>they getting return on investment. This is a sector sub

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<v Speaker 2>sector really that we need to make sure that we're

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<v Speaker 2>involved in. If you and if you feel like, hey,

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<v Speaker 2>you know, I got so many individual equities. I don't

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<v Speaker 2>know if I want to pay nine hundred dollars for light.

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<v Speaker 2>I understand the story. But the other opportunities, this will

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<v Speaker 2>be an opportunity, just like when we talked about GV

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<v Speaker 2>in terms of energy and we talked about Caterpillar. This

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<v Speaker 2>will be a sector and this is an ETF that

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<v Speaker 2>you should have on your watch list and potentially potentially

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<v Speaker 2>maybe make a call.

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<v Speaker 1>On L Y t E.

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<v Speaker 2>Don't say you heard it anywhere else, you heard it here.

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<v Speaker 2>It just opened that sweet all right, you put on

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<v Speaker 2>your watch list.

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<v Speaker 1>We're both thinking the same thing.

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<v Speaker 4>That just expressed it in different ways that investmentst I

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<v Speaker 4>talked about EV so you said, yeah, so I like

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<v Speaker 4>it if we get back down to twenty one dollars

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<v Speaker 4>and thirty nine cent. I like that for entry. But

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<v Speaker 4>I definitely agree. Some of the companies are so phenomenal.

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<v Speaker 4>They are pricey, though so if you want a cheaper

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<v Speaker 4>way to do so, I think for those of you

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<v Speaker 4>who are asking, hey, I need two more or one

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<v Speaker 4>more to invest in, you can't go wrong with L

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<v Speaker 4>Y T or my selection at EV So break minds,

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<v Speaker 4>think alike. Damn the five hundred people missed out on the.

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<v Speaker 2>It's it's that they'll be like yo, yo, They're gonna

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<v Speaker 2>wait till they see it on Instagram.

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<v Speaker 1>Yeah, it's gonna be the voice over you know what

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<v Speaker 1>the next et F is.

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<v Speaker 3>Know, they're gonna be the people on Instagram like yo, y'all.

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<v Speaker 3>Never y'all, don't dive any value. You'll only wait so

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<v Speaker 3>things go up for you.

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<v Speaker 1>Now was the older you? The newer you is really

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<v Speaker 1>focusing on the people that are here taking advantage of

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<v Speaker 1>this moment.

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<v Speaker 3>Seven seven financial moves before forty. I'm gonna save seven

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<v Speaker 3>because I've seen this question online and I'll let everybody

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<v Speaker 3>chiming if you're interested. But real quick, all right, if

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<v Speaker 3>you're not forty yet, for the young world out there,

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<v Speaker 3>you're in your twenties, you're in your thirties, definitely got

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<v Speaker 3>to have three to six months of an emergency fund,

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<v Speaker 3>because that's important. I always tell people. Even before you

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<v Speaker 3>start investing. You got to learn and save money. Anything

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<v Speaker 3>could happen. The average person I think is like probably

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<v Speaker 3>a couple paychecks away from really being in a financial disaster.

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<v Speaker 3>Damn they're homeless. So man, the job market is crazy

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<v Speaker 3>right now. Nothing is certain. So learn to save discipline,

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<v Speaker 3>you create a budget, learn to save, put money away

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<v Speaker 3>three to six months for save for expenses. Try to

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<v Speaker 3>eliminate high interest debt credit card credit cards especially, try

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<v Speaker 3>to eliminate that. We've got shows on how to eliminate

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<v Speaker 3>that snowball method, all types of different stuff, but try

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<v Speaker 3>to eliminate high interest debt. Stay away from high interest debt.

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<v Speaker 3>All debt's not bad debt, but high interest credit card

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<v Speaker 3>debt is bad debt. Maximize your retirement accounts. If you

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<v Speaker 3>have a four to one k at your job, contribute

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<v Speaker 3>to the match raw Ira Ira. We got a bunch

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<v Speaker 3>of videos about that. If you're a business owner, there's

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<v Speaker 3>a step Ira simple Ira. Put money away for your retirement.

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<v Speaker 3>It has especially if you're not doing the ro off,

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<v Speaker 3>you're going to get a tax benefit from it. If

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<v Speaker 3>you are doing the row if you won't get a

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<v Speaker 3>tax benefit, but it's going to be tax free money

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<v Speaker 3>down the line, which none of your other money will

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<v Speaker 3>be tax free. That's the only money that you won't

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<v Speaker 3>have to pay taxes on. Build your first one hundred

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<v Speaker 3>thousand dollars portfolio. That should be your goal is to

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<v Speaker 3>get to one hundred thousand. The first before you first

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<v Speaker 3>goal is to get to ten thousand. Get to ten thousand,

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<v Speaker 3>then you get to one hundred thousand, Then you start

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<v Speaker 3>to play. Once you get to one hundred thousand, now

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<v Speaker 3>you get you got momentum at your back. But the

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<v Speaker 3>first thing you gotta do is get that hundred thousand.

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<v Speaker 3>Whatever you gotta do change, you got to stay home

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<v Speaker 3>for two years. If you just get to the hundred thousand,

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<v Speaker 3>it's gonna put win behind your back and then you're

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<v Speaker 3>going to start to really get in your in your

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<v Speaker 3>in your in, your in your groove.

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<v Speaker 1>That's the number too. I'm glad you said that.

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<v Speaker 3>One hundred thousand. So man, SMH. I made a lot

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<v Speaker 3>of money on SMH QQQ. I've been talking about QQQ

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<v Speaker 3>for so long. You know, you got the S and

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<v Speaker 3>P five hundred, you got vo O VT I, put

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<v Speaker 3>together your portfolio. Put together your portfolio. Stick with your portfolio.

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<v Speaker 3>Be focused on your portfolio, focus on what you're investing.

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<v Speaker 3>Get to that hundred thousand. That's vitally important. Dollar cost average,

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<v Speaker 3>every single month, dollar cost average. Just I can't say

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<v Speaker 3>this enough. Dollar cost average. Figure out how much money

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<v Speaker 3>you can put away, and put that away every single

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<v Speaker 3>When you get the tax free front, put that money

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<v Speaker 3>into the market. Get one hundred thousand, get your hundred thousand.

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<v Speaker 3>Get life insurance for sure. M hm, Okay, this is

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<v Speaker 3>vitally important. Because you're healthy nine times out of ten,

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<v Speaker 3>your health is not always going to be there. I

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<v Speaker 3>ain't thinking happen when you're young. The premiums are lower

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<v Speaker 3>and you're healthy, so you can you can get it

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<v Speaker 3>even if you don't have a family. Get insured, get

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<v Speaker 3>life insurance, get disability insurance. Get insured. That is very

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<v Speaker 3>very very important. Creator will in a state plan. Once again,

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<v Speaker 3>you can always change and you can update it. The

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<v Speaker 3>earlier you do it, the better. And the last thing

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<v Speaker 3>I'll say is create a budget for sure. I'll say

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<v Speaker 3>to create a budget. Budgeting is the most underrated thing

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<v Speaker 3>when it comes to me.

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<v Speaker 1>Even even if you're rich, live within a budget.

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<v Speaker 3>Create a budget and have and and also create your

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<v Speaker 3>financial freedom number. That way that you you have something

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<v Speaker 3>to work towards. We need as human beings, we need

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<v Speaker 3>goals to work towards. If you have a number, put

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<v Speaker 3>it on your ceiling, put it on your phone, have

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<v Speaker 3>it as your screen saver, and just every single day

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<v Speaker 3>look at that number, because psychologically, that's going to force

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<v Speaker 3>you to work hard, to make sacrifices, be more disciplined.

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<v Speaker 2>Yeah.

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<v Speaker 1>Yeah, somebody asked a question. I thought it was a

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<v Speaker 1>really good question.

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<v Speaker 2>It's that what's the difference between e u V, the

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<v Speaker 2>ETF and l y T E both are light based manufacturing.

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<v Speaker 2>I think you would think of it in terms of

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<v Speaker 2>what's the difference between SMH and d RAM, right, Where

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<v Speaker 2>Like SMH has a lot of the semis, it has Nvidia,

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<v Speaker 2>has TSM, it has Broadcom, has Micron as Texas Instrument

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<v Speaker 2>has a m D So it's a broad range where

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<v Speaker 2>DRAM is very specific to memory where it has s

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<v Speaker 2>K Heinex, it has Samsung and has Micron, Sanz, SAGAD

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<v Speaker 2>and Western Digital.

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<v Speaker 1>All inside of that.

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<v Speaker 2>So when you think of EUV light base from the

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<v Speaker 2>manufacturing standpoint all the way down, So TSM leads that

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<v Speaker 2>in terms of application you got ASML apply materials lambs

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<v Speaker 2>in there, kl A m k l A, cornings in there,

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<v Speaker 2>and then momentum. You'll see them at the bottom like

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<v Speaker 2>Ciena's in there, coherent inside of light. The top three

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<v Speaker 2>momentum coherent Sienna right. So it's very hyper focused specifically

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<v Speaker 2>on photonics inside of the eu V lithography machine, light

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<v Speaker 2>manufacturing companies, so just a couple of different