The EASIEST Way to Make $100,000 Online (LOW-RISK)

Summary

In this video, Chad Kimball guides viewers through a simple and low-risk strategy to achieve a net worth of $100,000. The method involves opening a brokerage account, investing in index funds through compound interest, and making small lifestyle changes to save and invest more effectively. Using examples of people who turned small investments into large net worths, Chad highlights the potential of this approach. He emphasizes the importance of starting a side hustle and cutting unnecessary expenses to boost investment funds. His goal is to demonstrate that anyone, regardless of their financial situation, can grow their net worth by following his steps.

Highlights

• Chad explains that even with no business experience, you can grow your net worth to $100,000 with just 5 minutes of work a week! 🤯
• Meet Richard, an ex-NFL player, and Jake, a former donut-shop worker, who transformed their financial futures using this strategy! 🏈🍩
• Learn the ins and outs of opening a user-friendly Vanguard brokerage account, perfect for beginners! 💼
• Discover the power of compound investing—watch your money grow like a snowball rolling downhill! ❄️
• Optimize your budget: track and cut unnecessary expenses to free up more for investments! ✂️
• Automate your weekly investments to ensure steady growth with minimal effort! 🔄
• A side hustle can provide the extra funds needed for substantial growth in your investment portfolio! 📈

Key Takeaways

• Start small, think big: anyone can make $100,000 with minimal investment! 💸
• Compound interest is your best friend for effortless wealth growth! 🌱
• Cut costs, boost profits: small savings lead to big gains in the long run! 💡
• Automate investments for a hands-off wealth-building strategy! 🤖
• A side hustle could be your ticket to extra cash flow and bigger investments! 🚀

Overview

Want to make $100,000 without a major lifestyle overhaul? Chad Kimball has got your back! In this engaging video, Chad lays out a straightforward plan that involves opening a brokerage account and investing in index funds. This is not a get-rich-quick scheme; instead, it's about smart, sustainable growth through something called compound investing. Yep, compound investing is the secret sauce here, and Chad breaks it down beautifully.

Meet inspiring individuals like Richard, a former NFL player, and Jake, who went from selling donuts to growing their multi-million-dollar net worth using these steps. Their journeys show that with a bit of financial savvy and a few minutes of your time each week, anyone can hit the $100,000 mark with ease. And if they can do it, why can't you?

Chad's strategy isn't just about investments. It's also about smart savings. He encourages cutting unnecessary expenses, optimizing your monthly budget, and considering a side hustle for additional cash flow. He even suggests ways to automate these investments so that you hardly have to lift a finger. This is a method to build wealth steadily without losing out on life’s pleasures. So, ready to start your journey to financial freedom? Chad is here to guide you all the way!

Chapters

• 00:00 - 00:30: Introduction and Success Stories The introduction begins with an enticing proposition: the possibility of making $100,000 in just 5 minutes per week without any prior business experience. It promises a straightforward, gimmick-free method to achieve a net worth of $100,000. The chapter aims to demonstrate this method by sharing success stories, such as Richard Feain, a former NFL player from the '90s, showcasing how average individuals can also reach significant financial milestones.
• 00:30 - 01:00: The Importance of a Brokerage Account This chapter highlights the significance of having a brokerage account through success stories. It begins with a narrative of Richard, a former NFL player who didn’t manage his finances wisely and had to settle for a low-paying job post-retirement. Despite this setback, Richard turned his fortunes around, amassing over a million dollars by applying a specific strategy that is shared in this chapter. Additionally, Jake’s story is introduced, illustrating a similar financial transformation starting from a modest employment at a donut shop.
• 01:00 - 02:00: Setting Up a Vanguard Account This chapter discusses the potential for individuals with a regular 9-to-5 job to grow their net worth significantly, as exemplified by individuals like Jake and Richard. Despite starting from modest means, Jake managed to build a net worth of over $2 million without being an NFL player. The chapter emphasizes that it is possible to achieve financial growth without having a substantial amount of extra time or money and highlights the importance of automating financial strategies to accomplish this.
• 02:00 - 03:30: Understanding Compound Investing The chapter 'Understanding Compound Investing' begins with encouraging the reader not to be intimidated by the process of starting to invest while maintaining a 9 to 5 job. It introduces the concept of opening a brokerage account, explaining it as nothing more than an online tool through which one can buy and sell financial assets like stocks, bonds, or index funds. The chapter reassures the reader by naming reputable brokerage firms such as Vanguard, Fidelity, and Schwab, setting the stage for learning how to grow money over time through investment.
• 03:30 - 05:00: Managing Fees and Choosing Index Funds The chapter focuses on opening a brokerage account, with an emphasis on Vanguard due to its beginner-friendly and cost-effective nature. The narrator aims to dispel the intimidation factor associated with brokerage accounts, assuring that anyone, regardless of being a stock broker or financial advisor, can easily set one up.
• 05:00 - 08:00: Improving Your Budget with Simple Changes The chapter provides a step-by-step guide on how to open a new account using money from your bank account. It emphasizes that you don't need to worry about the technicalities; just follow the straightforward steps provided.
• 08:00 - 10:00: Automating Your Investments The chapter titled 'Automating Your Investments' provides a step-by-step guide on how to set up an individual brokerage account. Details include filling out personal information and uploading an ID for verification. The process is straightforward and emphasizes inputting details accurately for account setup.
• 10:00 - 10:30: Conclusion and Motivation The chapter explains the process of setting up an online investment account with Vanguard. It highlights the ease of starting by uploading a photo of your ID, such as a driver's license. The procedure ensures convenience for investing by allowing online access via any device. The steps involve creating a username and password, followed by answering security questions for account protection. The emphasis is on the simplicity and security of online investing.

The EASIEST Way to Make $100,000 Online (LOW-RISK) Transcription

• 00:00 - 00:30 what if I told you you can make $100,000 in just 5 minutes per week even if you have no business experience no gimmicks no shortcuts just a proven method to reach a net worth of $100,000 that'd be pretty cool right well in this video that's exactly what I'm going to show you how to do I'll show you how average people are hitting a net worth of over $100,000 following a simple method that anyone can follow for example meet Richard feain he's an X NFL player from the '90s who wasn't very
• 00:30 - 01:00 responsible with his earnings that he got from the NFL so when he retired he had to find a regular 9 to5 job that only paid him $30,000 per year nothing close to the $150,000 he was earning with the NFL what was crazy is Richard turned his life around and now he's made over a million dollars with the strategy I'm about to share with you in this video another example is Jake he used to work at a donut shop making $515
• 01:00 - 01:30 cents per hour but today he has over $2 million Jake started with nothing he's not even an NFL player and he's still doubled Richard's net worth looking at examples Like Richard and Jake prove that it's possible with someone with a regular 9-to-5 job to grow their net worth no matter what their financial situation looks like now you're probably saying that's all fine and dandy but how do I do it when I barely have any extra time or any extra money well the good thing is you don't need much money at all and you can automate this strategy
• 01:30 - 02:00 so you don't lose any time in your 9 to5 job so let's dive in and I'll show you exactly how this works now the first thing that you have to do is open a brokerage account now don't be intimidated if you never did anything like this a brokerage account is simply an online account that you open that helps you buy and sell things like stocks or bonds or index funds so you can invest your money and watch it grow over time there's a whole bunch of options out there you could choose Vanguard or maybe you've heard of fidelity or Schwab these are all places
• 02:00 - 02:30 where you can open a brokerage account and ultimately you got to do your own research to find the best one but I want to show you how to sign up for Vanguard specifically basically because it's extremely beginner friendly to set up which you'll see in just a second and it's really cost effective so again I don't want you to be intimidated thinking oh brokerage account that sounds like I have to be like a big time stock broker or a financial advisor and have a bunch of extra money not true watch what I do right here anybody can set up an account like this it's extremely simple basically you're going to go to vanguard.com and you're going
• 02:30 - 03:00 to click on the homepage then you're just going to click on open an account then you're going to choose the option for opening a new account with money from your bank account and click continue don't worry about what all this means just follow these steps you're going to see how simple it is now you can choose to manage things on your own or you can have Vanguard help you but to have Vanguard help you there's certain requirements you have to fulfill so the simplest one for a total beginner is just to click on invest on my own then you're going to be asked what what kind
• 03:00 - 03:30 of account you want to open and you're going to be choosing an individual brokerage account now they're going to ask you to input some personal details and I'm just going to fill out this form with just some madeup information just so you can see obviously I'm not going to show my social security number and all that stuff on video here so you just fill out all this personal information here so you can see then it's going to say review what you've entered so far and we're going to just click continue there and then it's going to ask to upload your ID so it's really simple you
• 03:30 - 04:00 can just take a photo of your ID like a driver's license and upload it right there and then we're going to actually create an online account with Vanguard because that way you can log in from your computer or another device and it makes investing really really simple you're just going to create a username and a password there and then click continue it's going to ask you first some security questions just to protect your online account and you want to fill those out again I'm just putting in some fake information here just for the purpose of this video and then you are
• 04:00 - 04:30 good to go and your account is all set up now you might be wondering where is this all going and how can I exactly reach $100,000 net worth using what I just showed you well the guys that I showed you earlier in this video as examples are all doing the same method and it's called compound investing but what exactly is compound investing and what potential does it have for your net worth let me explain it really quick compound investing is when you invest money into an account that that earns
• 04:30 - 05:00 interest both on your original investment and any previous interest that you earned so for example if you invest $1 after that dollar sits in there for a while it earns interest and that $1 becomes $110 then with compound investing you invest the1 and10 and then it grows and it earns even more money think about it kind of like a snowball rolling down a hill at first you start with a really tiny Snowball right but as you roll it in the snow it becomes bigger which lets
• 05:00 - 05:30 it collect even more snow as you roll it and over time it grows faster and faster without you doing really that much work cuz it's rolling downhill and the longer that snowball rolls down the hill the faster it grows The Snowball Effect makes it so you can invest a very small amount but if you do it consistently it turns into a massive sum over time much faster than a regular savings account each time that investment compounds it's investing the original amount plus all
• 05:30 - 06:00 the interest that it earns kind of like that rolling snowball and you can do this too no matter what age you are so now that you know what compound investing is let's get back to how to get this all set up for yourself the next step is to pay attention to the annual fees of whatever the fund is that you want to invest in the more fees that you have to pay for the fund the more that eats at the money that you're trying to invest on a weekly basis and like I said before when you're in a Vanguard account or even if you use a different brokerage account you want to look for any index funds specifically
• 06:00 - 06:30 those are designed for long-term investing and they also do a lot of the work for you of picking high quality companies to invest in so you don't have to do research on hundreds of different companies to make the decisions index funds are a great option for beginners with no investment experience this will ensure that your money is getting the most interest and growing as much as it can hands off now of course you want to do your own research and consult with a financial adviser when doing this my advice here is not a IAL Financial or
• 06:30 - 07:00 legal advice cuz I am not a financial adviser well first of all I really encourage you click on the link in the description of this video to get my free class CU in that free class I'll teach you how to set up an online business that can generate some side income for you on autopilot that you can then start to invest on a regular basis so that way if you feel like your budget is tight as it can be you can get some extra cash and just commit to yourself any extra cash that I make on my side Hustle I'm committed to investing that extra cash
• 07:00 - 07:30 into an index fund it's a free class in the link in the description of this video you can just click there put your email address in and I'll email you that class but even if you say you don't have any extra money in your budget you would be surprised if you follow the steps that I'm about to give you at how much extra money you could come up with in your budget just by cutting some daily expenses the first step is keeping track of where all your money is going it starts by just writing down all your your expenses for a few weeks so you can
• 07:30 - 08:00 see exactly where you're really spending all of your money you would be surprised at how many little places here and there in your life there's money going out that's really not necessary look for easy ways to trim the fat cancel subscriptions that you don't really use that much and a huge thing is cooking at home instead of eating out if you just go out for coffee every single day say you only spend maybe $5 on coffee in the day that can add up to an extra100 or
• 08:00 - 08:30 $150 per month that you could invest into your future then for the things that you absolutely have to spend money on like groceries for example go for the cheaper option in my town there are two stores that sell almost the exact same products but if you go to one of the stores you're going to pay an extra 25 to 30% for all the same products and that really adds up without you realizing and lastly try not to buy things on a credit card especially if
• 08:30 - 09:00 you tend to overspend because if you put it on a credit card then you're going to be tempted to not pay that credit card bill off at the end of the month and now you're paying interest on things just because it took you a little longer to pay that bill off and if you add all those things up you'd be surprised at how much extra money you can come up with out of your regular budget to invest in an index fund and lastly in your Vanguard account you can actually set it up to automatically invest the $50 straight out of your account every
• 09:00 - 09:30 single week that way you don't even see the money it's automatically pulled out without you doing anything and you don't even see it like I said before a great way to come up with some extra money every single month is to start a side hustle if you click on that link in the description of this video I'll teach you a side hustle that doesn't take hardly any time and can generate you income whether you're working or not and if you learn that business model that's in the link in the description of this video it could generate you three five $ 800 even $1,000 extra every month and imagine if
• 09:30 - 10:00 you started dumping all that money into an investment fund and watching it grow and most importantly keep your eyes on the prize have that number $100,000 net worth put it on your mirror put it on your wall put it in your office so that you're reminded every single day of why you're taking these steps it'll really help you to reach your goal talk to you soon oh
• 10:00 - 10:30 [Music]