This 24-year-old is earning $230,000 a year—here are the 3 steps he’s taking to become a millionaire by 30

Alex Sanchez is on track to become a millionaire before he turns 30. He’s implemented the strategies outlined in these books, and others, in his day-to-day to earn and save as much money as he can. Sanchez routinely works 60-hour weeks, sometimes only taking Sunday off to spend with his family and girlfriend. Stepping up side hustlesOne of the main components of Sanchez’s FIRE plan is building up his real estate side hustle. “I don’t think I’m comfortable, because I don’t want to get complacent,


Alex Sanchez is on track to become a millionaire before he turns 30. He’s implemented the strategies outlined in these books, and others, in his day-to-day to earn and save as much money as he can. Sanchez routinely works 60-hour weeks, sometimes only taking Sunday off to spend with his family and girlfriend. Stepping up side hustlesOne of the main components of Sanchez’s FIRE plan is building up his real estate side hustle. “I don’t think I’m comfortable, because I don’t want to get complacent,
This 24-year-old is earning $230,000 a year—here are the 3 steps he’s taking to become a millionaire by 30 Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-15  Authors: alicia adamczyk
Keywords: news, cnbc, companies, overtime, overhead, job, millionaire, 230000, real, parents, steps, sanchez, yearhere, 24yearold, earning, taking, passive, dont, hes, works


This 24-year-old is earning $230,000 a year—here are the 3 steps he's taking to become a millionaire by 30

Alex Sanchez is on track to become a millionaire before he turns 30. The 24-year-old is an overhead lineman in the Chicago area, works two side hustles and saves around $7,000 per month, not to mention the thousands more he invests into his 401(k) and brokerage account. Growing up in what he describes as a lower-middle class household, Sanchez didn’t know much about finances until he was around 20, and discovered personal finance videos and personalities on YouTube. After watching a few of these, he picked up books like “Rich Dad, Poor Dad” by Robert Kiyosaki and “The Millionaire Real Estate Investor” by Jay Papasan. He’s implemented the strategies outlined in these books, and others, in his day-to-day to earn and save as much money as he can. Sanchez is a big fan of the FIRE movement — Financial Independence, Retire Early — but his goal isn’t just to reach financial independence for himself. He also wants to help out his parents with their retirements. “I have to give back to my parents, because they came here as immigrants to give us, their kids, a better life,” Sanchez, a first generation American, tells CNBC Make It. “I know all the sacrifice and pain they went through, and I would stress it’s my duty to give back to them.” When CNBC Make It interviewed Sanchez in August, he had a net worth of just over $203,000. Here’s how he plans to hit $1 million in the next six years.

Working overtime

Sanchez is an overhead lineman for a utility company in Chicago, where he earns a base salary of $120,656. He didn’t go to college — his company paid for his job training — and he pulls in plenty of overtime and an annual bonus. Sanchez routinely works 60-hour weeks, sometimes only taking Sunday off to spend with his family and girlfriend. It’s not a schedule everyone would want, but Sanchez doesn’t mind the work. “I never thought I would be doing this, but I fell in love with it,” he says. This six-figure-salary was a big part of the appeal, but he also enjoys the physicality of the job. “I enjoy working outdoors, and there’s no better feeling than turning the lights on when everyone’s relying on you.”

Stepping up side hustles

One of the main components of Sanchez’s FIRE plan is building up his real estate side hustle. Sanchez owns three rental properties currently, which nets him around $1,600 per month. By 30, he’d like to own at least 20. “I don’t want to have to put in all the overtime, and I don’t have to miss my kids’ birthday parties or special events” in the future, he says. “I’m doing it all for the passive income so I can slowly buy my freedom back.” He says that this form of “passive” income will give him freedom should he ever want or need to leave his day job. That said, he wouldn’t mind making more money for the time being. “I don’t think I’m comfortable, because I don’t want to get complacent,” he says. “I’m always trying to grow.”

Making sacrifices


Company: cnbc, Activity: cnbc, Date: 2019-10-15  Authors: alicia adamczyk
Keywords: news, cnbc, companies, overtime, overhead, job, millionaire, 230000, real, parents, steps, sanchez, yearhere, 24yearold, earning, taking, passive, dont, hes, works


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One auto stock could fall by more than 18% before bottoming, technical analyst says

Auto stocks are in reverse. Newton Advisors’ Mark Newton says one of those stocks is a no-touch right here. “If anything, I still think the stock gets down to right around $7 to $7.50,” he said. Even in the shorter term, Sanchez sees headwinds including trade tensions and a global slowdown that could challenge the auto stocks and the potential for any solid rebound. So I think the auto sector is really, really a place to stay away from right now,” said Sanchez.


Auto stocks are in reverse. Newton Advisors’ Mark Newton says one of those stocks is a no-touch right here. “If anything, I still think the stock gets down to right around $7 to $7.50,” he said. Even in the shorter term, Sanchez sees headwinds including trade tensions and a global slowdown that could challenge the auto stocks and the potential for any solid rebound. So I think the auto sector is really, really a place to stay away from right now,” said Sanchez.
One auto stock could fall by more than 18% before bottoming, technical analyst says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-03  Authors: keris lahiff
Keywords: news, cnbc, companies, auto, analyst, stocks, fewer, really, sanchez, right, shares, fall, bottoming, shift, sort, think, stock, technical


One auto stock could fall by more than 18% before bottoming, technical analyst says

Auto stocks are in reverse.

Ford and General Motors have plummeted this week, weighed down by weak third-quarter sales and a GM workers strike that has stretched into a third week.

Newton Advisors’ Mark Newton says one of those stocks is a no-touch right here.

“Ford has literally been cut in half since 2013. It peaked right around almost $17 to $18 back in late 2013 and is about half of that, so a very difficult picture for Ford,” Newton said Wednesday on CNBC’s “Trading Nation.”

Ford shares closed out Wednesday’s session down more than 3% at $8.61. It’ has fallen 5% this week.

“If anything, I still think the stock gets down to right around $7 to $7.50,” he said.

A decline as low as $7 implies nearly 19% downside. Shares haven’t traded that low in a decade.

Gina Sanchez, CEO of Chantico Global, says a broader industry shift could be underway that hurts the U.S. automakers in the long term.

“The idea of the auto cycle assumes that there’s sort of another leg up to this leg down that we’ve seen, and I think the bigger concern that many analysts are starting to pose is what if car ownership is due for sort of a shift in terms of just simply fewer people owning fewer cars? If consumers own fewer cars, then the auto industry itself is going to have to make adjustments to deal with that new reality,” Sanchez said during the same segment.

Even in the shorter term, Sanchez sees headwinds including trade tensions and a global slowdown that could challenge the auto stocks and the potential for any solid rebound.

“Whether or not we go into recession, you’re going to have a hard time finding purchase until we start to see stronger fundamentals, and I don’t see those for the better part of a year. So I think the auto sector is really, really a place to stay away from right now,” said Sanchez.

Disclaimer


Company: cnbc, Activity: cnbc, Date: 2019-10-03  Authors: keris lahiff
Keywords: news, cnbc, companies, auto, analyst, stocks, fewer, really, sanchez, right, shares, fall, bottoming, shift, sort, think, stock, technical


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Watch out for this key level in Facebook, Piper Jaffray technical analyst says

The increased regulatory pressure from federal and state bodies hasn’t deterred Craig Johnson, chief market technician at Piper Jaffray. So, we would continue to be a buyer here of Facebook shares,” said Johnson. Gina Sanchez, CEO of Chantico Global, says regulatory risk could knock Facebook down from its high valuations. Facebook trades at nearly 22 times forward earnings. If anything, I think that risk continues to grow,” said Sanchez.


The increased regulatory pressure from federal and state bodies hasn’t deterred Craig Johnson, chief market technician at Piper Jaffray. So, we would continue to be a buyer here of Facebook shares,” said Johnson. Gina Sanchez, CEO of Chantico Global, says regulatory risk could knock Facebook down from its high valuations. Facebook trades at nearly 22 times forward earnings. If anything, I think that risk continues to grow,” said Sanchez.
Watch out for this key level in Facebook, Piper Jaffray technical analyst says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-09-09  Authors: keris lahiff
Keywords: news, cnbc, companies, risk, level, facebook, analyst, think, shares, piper, technical, moving, trading, trades, times, watch, sanchez, key, jaffray, state


Watch out for this key level in Facebook, Piper Jaffray technical analyst says

Facebook is under a fresh wave of scrutiny.

New York State Attorney Letitia James launched a joint investigation into potential antitrust violations on Friday, joining Florida, Iowa, and Colorado among others in putting the heat on Facebook. The latest probe comes on top of an investigation by the Federal Trade Commission.

The increased regulatory pressure from federal and state bodies hasn’t deterred Craig Johnson, chief market technician at Piper Jaffray.

“We’re still friendly toward the shares,” Johnson said on CNBC’s “Trading Nation” on Friday. “When you look at this chart, we’re still making a series of higher highs and higher lows coming off the December lows, and we’re moving right up toward that 50-day moving average at $191.”

Facebook touched the 50-day moving average on Thursday, but dipped lower Friday. It has not traded above that trend line since early August.

“Any sort of move above that $191 level sets the stock up to move back toward the $204 or $205 range which I do think is a logical place to go. So, we would continue to be a buyer here of Facebook shares,” said Johnson.

Gina Sanchez, CEO of Chantico Global, says regulatory risk could knock Facebook down from its high valuations.

“Facebook, even despite all of this news, is still trading at a premium in terms of forward PE relative to the industry, and so I don’t know that it’s necessarily pricing in the risk that some of these probes present to Facebook,” Sanchez said on the same segment.

Facebook trades at nearly 22 times forward earnings. The XLC communication services ETF by comparison trades with an 18.5 times multiple.

“These probes don’t go away. If anything, I think that risk continues to grow,” said Sanchez. “At the end of the day, we continue to grapple with whether or not companies like this should even be run for profit or are they simply just a commodity and a utility that really isn’t going to make growth kinds of returns.”

Disclaimer


Company: cnbc, Activity: cnbc, Date: 2019-09-09  Authors: keris lahiff
Keywords: news, cnbc, companies, risk, level, facebook, analyst, think, shares, piper, technical, moving, trading, trades, times, watch, sanchez, key, jaffray, state


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Where Snap heads next after mega rally

Where Snap heads next after mega rally2:58 PM ET Fri, 12 July 2019Bill Baruch of Blue Line Futures and Gina Sanchez of Chantico Global on Snap discuss how Snap shares are trading with CNBC’s Kelly Evans.


Where Snap heads next after mega rally2:58 PM ET Fri, 12 July 2019Bill Baruch of Blue Line Futures and Gina Sanchez of Chantico Global on Snap discuss how Snap shares are trading with CNBC’s Kelly Evans.
Where Snap heads next after mega rally Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-12
Keywords: news, cnbc, companies, rally, rally258, trading, kelly, snap, line, heads, sanchez, shares, mega, global


Where Snap heads next after mega rally

Where Snap heads next after mega rally

2:58 PM ET Fri, 12 July 2019

Bill Baruch of Blue Line Futures and Gina Sanchez of Chantico Global on Snap discuss how Snap shares are trading with CNBC’s Kelly Evans.


Company: cnbc, Activity: cnbc, Date: 2019-07-12
Keywords: news, cnbc, companies, rally, rally258, trading, kelly, snap, line, heads, sanchez, shares, mega, global


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FANG stocks just lost nearly $130 billion in market cap, and chart points to more pain

Facebook, Amazon, Netflix and Alphabet tanked Monday, shedding nearly $130 billion in market cap collectively. Those losses sent Facebook, Netflix and Alphabet into a bear market, having dropped at least 20% from recent records. The NYSE Fang+ index, which tracks the big tech companies and a handful of other stocks, could be in for more pain, says Ari Wald, head of technical analysis at Oppenheimer. The NYSE Fang+ index tumbled 4% on Monday, and remains just 1% higher for the year. “They could a


Facebook, Amazon, Netflix and Alphabet tanked Monday, shedding nearly $130 billion in market cap collectively. Those losses sent Facebook, Netflix and Alphabet into a bear market, having dropped at least 20% from recent records. The NYSE Fang+ index, which tracks the big tech companies and a handful of other stocks, could be in for more pain, says Ari Wald, head of technical analysis at Oppenheimer. The NYSE Fang+ index tumbled 4% on Monday, and remains just 1% higher for the year. “They could a
FANG stocks just lost nearly $130 billion in market cap, and chart points to more pain Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-04  Authors: keris lahiff
Keywords: news, cnbc, companies, companies, growth, chart, stocks, market, nearly, index, trading, fang, billion, antitrust, pain, sanchez, cap, lost, points, microsoft, nyse


FANG stocks just lost nearly $130 billion in market cap, and chart points to more pain

Fears of increased government scrutiny just crushed FANG stocks.

Facebook, Amazon, Netflix and Alphabet tanked Monday, shedding nearly $130 billion in market cap collectively. Those losses sent Facebook, Netflix and Alphabet into a bear market, having dropped at least 20% from recent records.

The drop came on the first trading day after The Wall Street Journal reported that the Justice Department is readying an antitrust investigation against Google over its search practices and other issues. Alphabet declined to comment.

The NYSE Fang+ index, which tracks the big tech companies and a handful of other stocks, could be in for more pain, says Ari Wald, head of technical analysis at Oppenheimer.

“As a group, this particular index has not fared well. If you look at the NYSE Fang+ index — it’s an equal weighted composite of 10 related names, it’s the four we know plus stocks like Tesla and Alibaba are in there as well — it’s trading at the same level it first traded at back in December of 2017, ” Wald said on CNBC’s “Trading Nation ” on Monday. “It’s been a very tough market for this index in what’s really been a better environment for high growth in general.”

The NYSE Fang+ index tumbled 4% on Monday, and remains just 1% higher for the year. By comparison, high-growth sectors including software, consumer discretionary and communication services have rallied by at least 10%.

“For this particular index, I can say that there’s really no signs that this underperformance is abating, and for exposure we prefer software and services. We think that’s going to be the part of high growth that outperforms,” said Wald.

Gina Sanchez, CEO of Chantico Global, says just the threat of increased regulatory oversight could stymie the FANG trade for some time.

“These companies will be very, very mired in the process of being scrutinized,” Sanchez said during the same segment. “They could actually keep these companies so involved in this process over the next two years that they won’t be able to effectively run and do the things that growth companies do.”

The degree of oversight could mirror the intense antitrust scrutiny given to Microsoft during the 1990s, says Sanchez. The U.S. government accused Microsoft of illegally maintaining a monopoly, a case it won in a 2000 ruling.

“The market response is appropriate given the fact that everybody saw what happened to Microsoft, they had to take their eye off the ball, and so this could be one of those moments,” said Sanchez.

Microsoft’s stock price was largely unaffected over the course of the case. From the point at which the Department of Justice filed antitrust charges in May 1998 to the April 2000 ruling, Microsoft shares more than doubled.


Company: cnbc, Activity: cnbc, Date: 2019-06-04  Authors: keris lahiff
Keywords: news, cnbc, companies, companies, growth, chart, stocks, market, nearly, index, trading, fang, billion, antitrust, pain, sanchez, cap, lost, points, microsoft, nyse


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EU will seek a sharp increase of US LNG imports by 2023

The S&P just did something it hasn’t done in three decadesThe S&P 500 has had its best start to the year in 32 years, but market watchers Katie Stockton and Gina Sanchez say proceed with caution. Trading Nationread more


The S&P just did something it hasn’t done in three decadesThe S&P 500 has had its best start to the year in 32 years, but market watchers Katie Stockton and Gina Sanchez say proceed with caution. Trading Nationread more
EU will seek a sharp increase of US LNG imports by 2023 Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-02
Keywords: news, cnbc, companies, lng, eu, 2023, sp, katie, market, sharp, imports, increase, start, say, proceed, seek, nationread, watchers, stockton, sanchez


EU will seek a sharp increase of US LNG imports by 2023

The S&P just did something it hasn’t done in three decades

The S&P 500 has had its best start to the year in 32 years, but market watchers Katie Stockton and Gina Sanchez say proceed with caution.

Trading Nation

read more


Company: cnbc, Activity: cnbc, Date: 2019-05-02
Keywords: news, cnbc, companies, lng, eu, 2023, sp, katie, market, sharp, imports, increase, start, say, proceed, seek, nationread, watchers, stockton, sanchez


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US futures signal a muted open after Powell comments send stocks lower

The S&P just did something it hasn’t done in three decadesThe S&P 500 has had its best start to the year in 32 years, but market watchers Katie Stockton and Gina Sanchez say proceed with caution. Trading Nationread more


The S&P just did something it hasn’t done in three decadesThe S&P 500 has had its best start to the year in 32 years, but market watchers Katie Stockton and Gina Sanchez say proceed with caution. Trading Nationread more
US futures signal a muted open after Powell comments send stocks lower Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-02  Authors: silvia amaro
Keywords: news, cnbc, companies, stockton, stocks, send, sp, katie, muted, futures, market, open, lower, start, say, powell, proceed, nationread, comments, watchers, signal, sanchez


US futures signal a muted open after Powell comments send stocks lower

The S&P just did something it hasn’t done in three decades

The S&P 500 has had its best start to the year in 32 years, but market watchers Katie Stockton and Gina Sanchez say proceed with caution.

Trading Nation

read more


Company: cnbc, Activity: cnbc, Date: 2019-05-02  Authors: silvia amaro
Keywords: news, cnbc, companies, stockton, stocks, send, sp, katie, muted, futures, market, open, lower, start, say, powell, proceed, nationread, comments, watchers, signal, sanchez


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Europe lower after comments from Fed’s Powell; factory activity contracts; VW up 5%

The S&P just did something it hasn’t done in three decadesThe S&P 500 has had its best start to the year in 32 years, but market watchers Katie Stockton and Gina Sanchez say proceed with caution. Trading Nationread more


The S&P just did something it hasn’t done in three decadesThe S&P 500 has had its best start to the year in 32 years, but market watchers Katie Stockton and Gina Sanchez say proceed with caution. Trading Nationread more
Europe lower after comments from Fed’s Powell; factory activity contracts; VW up 5% Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-02  Authors: matt clinch
Keywords: news, cnbc, companies, contracts, feds, sp, vw, europe, market, katie, lower, start, say, activity, powell, proceed, nationread, factory, comments, watchers, stockton, sanchez


Europe lower after comments from Fed's Powell; factory activity contracts; VW up 5%

The S&P just did something it hasn’t done in three decades

The S&P 500 has had its best start to the year in 32 years, but market watchers Katie Stockton and Gina Sanchez say proceed with caution.

Trading Nation

read more


Company: cnbc, Activity: cnbc, Date: 2019-05-02  Authors: matt clinch
Keywords: news, cnbc, companies, contracts, feds, sp, vw, europe, market, katie, lower, start, say, activity, powell, proceed, nationread, factory, comments, watchers, stockton, sanchez


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Facebook settlement with the US may include privacy oversight: Politico

The S&P just did something it hasn’t done in three decadesThe S&P 500 has had its best start to the year in 32 years, but market watchers Katie Stockton and Gina Sanchez say proceed with caution. Trading Nationread more


The S&P just did something it hasn’t done in three decadesThe S&P 500 has had its best start to the year in 32 years, but market watchers Katie Stockton and Gina Sanchez say proceed with caution. Trading Nationread more
Facebook settlement with the US may include privacy oversight: Politico Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-02  Authors: jessica bursztynsky
Keywords: news, cnbc, companies, facebook, sp, katie, market, include, oversight, privacy, start, say, politico, proceed, nationread, watchers, settlement, stockton, sanchez


Facebook settlement with the US may include privacy oversight: Politico

The S&P just did something it hasn’t done in three decades

The S&P 500 has had its best start to the year in 32 years, but market watchers Katie Stockton and Gina Sanchez say proceed with caution.

Trading Nation

read more


Company: cnbc, Activity: cnbc, Date: 2019-05-02  Authors: jessica bursztynsky
Keywords: news, cnbc, companies, facebook, sp, katie, market, include, oversight, privacy, start, say, politico, proceed, nationread, watchers, settlement, stockton, sanchez


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Kentucky Derby favorite Omaha Beach is scratched

The S&P just did something it hasn’t done in three decadesThe S&P 500 has had its best start to the year in 32 years, but market watchers Katie Stockton and Gina Sanchez say proceed with caution. Trading Nationread more


The S&P just did something it hasn’t done in three decadesThe S&P 500 has had its best start to the year in 32 years, but market watchers Katie Stockton and Gina Sanchez say proceed with caution. Trading Nationread more
Kentucky Derby favorite Omaha Beach is scratched Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-02
Keywords: news, cnbc, companies, scratched, stockton, sp, sanchez, katie, market, derby, start, say, omaha, proceed, nationread, kentucky, watchers, beach, favorite


Kentucky Derby favorite Omaha Beach is scratched

The S&P just did something it hasn’t done in three decades

The S&P 500 has had its best start to the year in 32 years, but market watchers Katie Stockton and Gina Sanchez say proceed with caution.

Trading Nation

read more


Company: cnbc, Activity: cnbc, Date: 2019-05-02
Keywords: news, cnbc, companies, scratched, stockton, sp, sanchez, katie, market, derby, start, say, omaha, proceed, nationread, kentucky, watchers, beach, favorite


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