Criticisms on your advice: -You should totally invest in yourself but don't JUST invest in yourself while totally ignoring personal finance. Do both at once. I think you should only really invest ONLY in yourself if it's a problem that's preventing you from doing other stuff; like your mental health completely hindering you from being mentally stable enough to make good financial decisions. Or if your mental health is completely terrible and you're debilitated. -You don't exactly need to invest in certain things per say, specifically books, as you can just use library genesis to get a pdf of basically any self help book you can think of FOR FREE. Also, the part where you're talking about investing in your looks may give some people the wrong idea to go drop hella cash on expensive clothes, haircuts, and stuff they don't need. Your audience definitely contains impressionable teenagers who will misconstrue your advice so you need to be very careful with how you deliver it. You overemphasized spending in this video. I think you should have offset the "investing" it by saying "spend your money on good stuff, but cut costs where you can". Other than that, I agree with the overall message of the video, you absolutely do not reap the rewards of index funds if you're dead LMAO. Love your vids dude!
He doesn't know shit about finance. He just heard someone talk about it and got a biased POV. If people wanna learn about money and what to do with it, they should go to a financial advisor, not a UA-camr. all of the stuff he says is like those "source: trust me bro" type of shit.
@@IFYCRT Do not forget the man is speaking from experience. I definitely think the vid should be taken with a grain of salt and i 100% agree that you would be better off contacting a financial advisor, but it's still good to hear about someones experience.
I would recommend if your comfortable, in some larger companies that have strong potential for growth, my portfolio is made up of 40% index funds, and 60% selected stocks, with about half of them being a bit on the risky side, and the others being trillion dollar stable companies(apple, microsoft, P&G atm)
@@IFYCRT Focusing on active income as your primary priority isn't exactly bad advice. Some of the stuff he said like paying for time to be freed up is classically preached by Ramit Sethi, but you need adequate income to do that. It wouldn't make sense to pay for a maid when you're making 2k a month. The only thing I'd change is investing early in index funds/stocks and crypto, but I understand the overall theme of what he's saying. There are faster ways to increase income than just relying on VTSAX and Coca Cola dividends. It'd be better to put $5,000 into getting certifications for your field to boost your annual income 50k than to dump that 5k into a fund.
I swear this guy is going to be my biggest life changer in life, and I merely found ou his channel through coincidence of what I was searching back then in UA-cam. How lucky did I have to be to be able to stumble along this channel
@@bigbrain9313 bro please don’t procrastinate, before you know it you will be fully responsible for your own life and will have less time on your hands. Take advantage of your spare time you have🙌🏽
investing in index funds is honestly a good move regardless of what hamza says. He's speaking about getting the capital for investments first but why not invest your left over money (that you aren't investing into your business ect) into an index fund. Start early and it will pay off more than you think it will.
I would recommend if your comfortable, in some larger companies that have strong potential for growth, my portfolio is made up of 40% index funds, and 60% selected stocks, with about half of them being a bit on the risky side, and the others being trillion dollar stable companies(apple, microsoft, P&G atm)
I recently started working in a 9-5 in a auto parts store and I've been working for 2 days now and it sucks fucking dick. The job is boring as fuck and my co workers are pretty much npcs except for 2 or 3 of em and that's pretty much the only thing that makes it bearable for me. My plan is to start my yt channel, caloric deficit, eat healthy on my lunch break, and start working out. It will work out on the long run, I just gotta keep pushing forward
Aa someone who invests in the stock market, I highly agree with you! Physical and mental health, secondly skills are mote important than money and investing your money in the financial sector.
I used an investment calculator to see if the time value of money was really worth giving up to do your steps 1-4, and I think you're right but only to a certain extent. Step 1 is crucial and I agree 100% with that. However, since time is so valuable, I think you can do steps 2-4 while investing in the market (invest more in the market when you're at a higher step).
Also, if you're working a 9-5 or trying to go up the corporate ladder, you can only make a certain amount of money at the stage that you're in -- your salary isn't very volatile.
it all comes down to what business you’re trying to build and what skills you’re developing Versus how much money you can work with. different people will have different numbers for all 3 of these, some can afford to invest in the market while also investing into themselves and their skills and potential business while other’s can’t.
But that's the point, instead of going for a non guaranteed 8 percent put that money into both saving the time and spending that time on increasing your income. Once you have enough money to actually make a living off interest, you can only then invest
Yes but the underlying issue is the mental space occupied by learning / investing. Which would have better ROI on other steps. Best thing imo is to pay someone knowledgeable in it to do it. Fits into step 3. Not before.
Tremendous video, man. These are the gems I have to add, all available on audio. -How to Win Friends and Influence People -Never split the difference -Cant Hurt Me -Way of the wolf (of wall street) -Extreme Ownership -The Dichotomy of Leadership -12 Rules for life (&12 more) -Basic Economics And last but never least THINK AND GROW RICH
Absolutely agree with all of this! I have been doing these steps in hopes of living an awesome life by one battling my addictions to have a positive result about my mental health and also temporarily working at a hard but doable job that will definitely teach me new skills such as social skills, mental agility, multi-tasking and discipline.
100% A lot of the time financial youtubers casually mention that the first 100k in an investment portfolio is the hardest to get, because you have to do the heavy lifting yourself, through savings and other forms of income. They don't bring up the logical follow up that without a good source of income or a large lump sum of wealth, investing isn't directly useful to you. I don't think that this diminishes the value of understanding and committing to investing as a pathway to financial freedom, I just wish that people would be more open about it. A lot of people get all passionate at the idea of retiring early by beating the market, and then just give up once they realise it isn't that easy. As always, Hamza's shooting down the false hope whilst showing us the harsh yet hopeful truth, even when it doesn't sell well. Respect.
Great video. But there are some things I disagree with: 1. Getting a haircut every 2 weeks (In Step Two) - You can save money by getting a clipper and maybe getting a haircut once a month. As your income increases, you can then increase the visits to once every 2 weeks, or even once per week. 2. Paying someone to clean - This is not necessary. In my opinion, the people who should pay others to clean need to already be a millionaire or at least close to being one 3. Getting a therapist - No one should be paying a therapist "X" amount per hour when on step 1 making little to no money. Instead, do Gratitude and Meditiation. Talk to a good friend who is knowledgeable and trustworthy as your therapist. If you have serious mental problems due to family or relationships, getting professional help is optimal. 4. Not Investing in the market - If you have consistent income and are able to contribute a small portion of your money every week/month, do it. It's all amout time and consistency when investing. Do it while you're young. While you make money in Step 2, invest as well. Contribute more to your portfolio as your income rises
@@israelomola3806 If a person has serious mental issues, then getting a therapist would be optimal. But if you're considered normal, just save your money
Maybe with index funds you have a point, but crypto is still relatively new with high volatility, theres still a high likelihood that investing in certain coins can give you a far greater return. However i do still agree that you shouldn’t dump all your eggs in one basket at an early stage.
No one makes money in crypto, it is just redistributed through people, so for every winner there is a loser. Stocks actually have an income to distribute to investors which will quantify an actual valuation unlike crypto
I agree but its pretty hard to invest ur money successfully when u don't know anything ab it even when u have good income etc so I think its great to invest in urself, learn new stuff and so on but practicing investing and learning from failures and success is the best way imo (u can still do everything hamza said but investing even a littlebit of money will help u understand the "market" earlier so u can invest properly when u have enough money)
Health is literally one of my top priorities and I’ve recently had my flow and way of living start building up. Was working out more, reading and meditating, eating what I deemed sufficient for me, and that all led to me being more open socially which allowed me to be more authentically myself and led to a better social life at work. But recently, I had some setbacks and fell off my routine which led to me falling off eating healthy as well, which led to me going back into “remission” and going back into a shell of myself and my social life went down with it. This has proved to me that it’s okay to be selfish at times to better yourself, but don’t get too sucked into it once you get yourself going as it’ll lead you nowhere.
Dont see why you have to forgo financial investments to invest in yourself. You can do both if you manage your money properly. Some of this advice is spot on (invest in health, personal image/style etc.) but some of it is a bit questionable. For example the tip advice; Youre essentially saying to tip for an ego boost? doesnt sound grounded or smart at all.
Kindness is not an ego boost. Try doing voluntary work and you'll know the feeling he gets. Kindness is a very strong way to actually feel good (not boosting your ego). It feels better to spend something on someone else than to spend it on yourself (ie. You have extra cash and you spent it buying someone coffee vs buying a snack for yourself)
And to emphasize, its the intent that is important. If you're tipping to boost your ego then yes tipping is bad. But if youre tipping to help that low wage earner get a few more bucks then go ahead and tip.
It doesn't seem like you've actually researched this topic. This isn't meant to be an ego boost at all. It's making yourself happy THROUGH MAKING SOCIAL CONNECTION WITH THE OTHER GUY AND MAKING THEM HAPPY!!
It's not an ego boost, it's positive perception and state of mind alteration. There is a DRASTIC change in the mind and how you view yourself when you can give to others. Think of the opposite mindset: begging or needing help. It's a paralyzing feeling, hurts your self-confidence, and erodes your hope in life in general. Everyone wants to be the person that lends and not borrows. It creates momentum that makes you feel successful, which builds on itself as long as you are doing the work correctly otherwise.
There was a relatively rich guy that my grandparents knew that had a reputation for being able to buy his way out of problems. He smoked for decades and ended up with lung cancer and in his last few months he told them that he had finally found the thing he couldn't buy his way out of. Of course having a lot of money can help with your healthcare and there are treatments now that he may have been able to buy but he would have been better served by paying for addiction treatment than whatever he was investing in to get that rich.
Literally the best video on this subject I’ve ever seen. Fully smashed it with the ladder system, it’s a recipe for a good life rather than just good income, people don’t get the other things in check and most the time end up jumping off a building, and when people do the final steps first they jump off a building without even having a good income
"I read this book and then I made 30 thousand in 1 month" sounds a bit misleading Hamza. The algorithm shifted in your favor at random and gave you massive exposure, not sure a book did that for you
@@Ryan-Horgan why don't *you* stfu boyo, I wasn't speaking angrily or with hate so I dunno why you're reacting that way. Dont be one of these manosphere Karens that defend everything your chosen idols say, I am allowed to give an opinion on other flawed beings. Go shave your back or something dude, or hell, at least correct my ass if you think I've misjudged what he said.
@@KrazyFalcon he said at least twice that that first book he showed on screen was the benefactor for him in order to achieve making 30k in one month, no? Unless the book directly speaks on leveraging the algorithms of the internet, I was put off by how he framed that.
I know this isn’t related to the video but can you make a video about how to move on from someone passing who’s close to you. Pls hamza . I feel like you’re a brother to me.
I did now that My audio set that is about 200W RMS (bass impossible to get on average blueetoth speaker) can be that useful. Finally I will have use of it, and annoy neighbors a litle bit more
Finally. Someone had the fucking balls to say it. I’m so tired of this people that really think you can become mad rich by investing $100 bucks a month in an index fund.
Good advice on the therapy to investing pathway I definitely understand that. I’ll only say that for me stock investing and learning about stock investing / value investing has been a lot of fun. And I do it because I enjoy it as much as wanting gains.
Hey hamza while whatching ur vids for hrs like allways i got an idea. I would like to see a vlog like video of ur day so me and others can have a look at the live of a man that achive so so much (sorry if i wrote something false im from germany)
As long as you improve yourself by sport, intellectual practice like science, philosophy, learning languages or learning an instrument, i don't see how starting to invest your money can be a bad thing. Learning to invest in crypto has been very interesting to me and gave me a real sense of money management and saving.
Thank you. Today I came back from school and thought : " Half a year ago you wanted to start investing. Start today. " After this Video I realised how far I am away from investing.
This is cope... I agree with investing in yourself but there's still some big return opportunities in the next few years on crypto if you research it and pick the right ones at the right time
I don't know how to say this but hamza is really changing my life there really is no way to say thank you and I really look up to him and hopefully one day I can thank him for everything he's done for me since I started listening to hamza my life has changed I got away from my toxic friends and transfered schools to one that allows me to go to the gym everyday after school I've made a bit of money and my mental health just doesent stop improving
Love you Hamza, but *the steps you mention in this video are not mutually exclusive.* You can invest in your health, your skills, your time, your social life, and for the long term (stocks, crypto, real estate, etc.) *all at the same time!* The longer you invest, the more you profit, so waiting to invest in anything just means loosing potential profits. Imo, the best thing to do is invest in all of these at the same time. After all, you don't put ALL of your money into any of these at one time, so *just take the money that's laying around and invest it where ever you can*
you dont actually get rich from index funds or real estate, cause the returns you get just cover inflation. Now if you look at the official inflation numbers you might see that your return is slightly higher then inflation, but REAL inflation is way higher. If you look at the s&p500 divided by the m2 money supply ($) youll see that the stocks dont actually grow more then inflation. Index funds and real estate protect your money from inflation in the long run, but if you wanna get rich crypto is the only way but its also way more risky so be careful with that one.
Crypto (specifically speaking Bitcoin any other alt coin is hyped by Jeffreys) is a good way to invest same story with index funds. Hamza is talking about getting capital for further investing if you're not investing in you're business. I can agree I used to be hooked on getting rich quick with stupid stocks like coca cola. I started a vending machine business and started making passive income. Before this I started dieting and working out. I regret not meditating before hand but I do now. Start your own business instead of crossing fingers that some big company will blow. Don't rely on other people come up with an idea and execute it.
The thing about index funds is it takes a week to set up the proper accounts (Roth IRA, 401k, brokerage, HSA). The rest is just throwing your spare paycheck money into it as if it's a secondary bank account. It's an effortless routine with long-term benefits. I agree with most of the video, investing into mental and physical health, career growth and a social life are all more important than index funds. But its a year long process (usually more) to work on those things. No reason to wait until all of that is done to move your spare money to index funds. I would recommend people take a week to setup retirement accounts with a portfolio of index funds after step 1. Still great advice nevertheless, I'm going to invest in a therapist immediately, then career growth
I always hear people say what to do. But they dont get into how things work. Listen to what i mean. Things like making online accs like paypal or smth? Where to keep your online return money? How to avoid paying too much(like taxes on crptoI DONT HAVE CRPTO). What to avoid? What kind of people do you want in the social circle. Just some rich dude?
I agree with Hamza to a great extent but disagree on the part to invest your money when you're rich. Invest some amount of money, not to get rich quick, but to learn how to invest and have financial awareness.
I find it weird that Hamza is so against investing in index funds. Investing in a low-cost index fund over the long term is the safest and most reliable way to achieve financial freedom. It's delayed gratification, something that Hamza preaches all the time. Not everyone can or should be a business owner, but everyone should own assets, and as someone pointed out earlier, you can do both. When you're young the ONE thing you have an absolute advantage in is time. The earlier you start investing, the more time your money has to compound. Like, investing 500€ a month for 50 years will amount to 2,6 million, assuming 7 % yearly returns. That's significant. It's enough to retire on, and although 500 / month is a lot when you're young, once you start working its not an unreasonable amount.
I have been holding on to $2k cheque about a month just waiting to go into the forex game......been studying on my own, paid for a person's "course" and I still can't figure it out, am so ready to get started.
I just saw Expert John Sears name mentioned here... I'm not here to converse but to share my testimony.you have no room to panic when trading with him.
It's not about watching videos, wasting your time on strategies. I was ignorant doing so ....so I decided to try Mr John and ever since I have made up to £14,000 for every £5,000 I invested just in two weeks.
Criticisms on your advice:
-You should totally invest in yourself but don't JUST invest in yourself while totally ignoring personal finance. Do both at once. I think you should only really invest ONLY in yourself if it's a problem that's preventing you from doing other stuff; like your mental health completely hindering you from being mentally stable enough to make good financial decisions. Or if your mental health is completely terrible and you're debilitated.
-You don't exactly need to invest in certain things per say, specifically books, as you can just use library genesis to get a pdf of basically any self help book you can think of FOR FREE. Also, the part where you're talking about investing in your looks may give some people the wrong idea to go drop hella cash on expensive clothes, haircuts, and stuff they don't need. Your audience definitely contains impressionable teenagers who will misconstrue your advice so you need to be very careful with how you deliver it. You overemphasized spending in this video. I think you should have offset the "investing" it by saying "spend your money on good stuff, but cut costs where you can".
Other than that, I agree with the overall message of the video, you absolutely do not reap the rewards of index funds if you're dead LMAO. Love your vids dude!
He doesn't know shit about finance. He just heard someone talk about it and got a biased POV. If people wanna learn about money and what to do with it, they should go to a financial advisor, not a UA-camr. all of the stuff he says is like those "source: trust me bro" type of shit.
@@IFYCRT Do not forget the man is speaking from experience. I definitely think the vid should be taken with a grain of salt and i 100% agree that you would be better off contacting a financial advisor, but it's still good to hear about someones experience.
I would recommend if your comfortable, in some larger companies that have strong potential for growth, my portfolio is made up of 40% index funds, and 60% selected stocks, with about half of them being a bit on the risky side, and the others being trillion dollar stable companies(apple, microsoft, P&G atm)
@@IFYCRT Focusing on active income as your primary priority isn't exactly bad advice. Some of the stuff he said like paying for time to be freed up is classically preached by Ramit Sethi, but you need adequate income to do that. It wouldn't make sense to pay for a maid when you're making 2k a month. The only thing I'd change is investing early in index funds/stocks and crypto, but I understand the overall theme of what he's saying. There are faster ways to increase income than just relying on VTSAX and Coca Cola dividends. It'd be better to put $5,000 into getting certifications for your field to boost your annual income 50k than to dump that 5k into a fund.
@@IFYCRT You know better?
Hamza should invest in a shirt
absolutely flamed by own sister
@@SamHarborneUncut Hamza's sister? 😳
@@axhraf7712 Does she have hair on her chest?
LMAO
@@yeeted466 respectfully bro. She is Hamzas Sister. Our sister.
I swear this guy is going to be my biggest life changer in life, and I merely found ou his channel through coincidence of what I was searching back then in UA-cam. How lucky did I have to be to be able to stumble along this channel
I'm so lucky I'm just 13 years old I can start planning immediately.
Epic
@@bigbrain9313 big W for u
@@bigbrain9313 actually do it tho bro, everything he is saying is gonna pay off in the next 5 years when youre 18 and youre gonna be ahead of EVERYONE
@@bigbrain9313 bro please don’t procrastinate, before you know it you will be fully responsible for your own life and will have less time on your hands. Take advantage of your spare time you have🙌🏽
investing in index funds is honestly a good move regardless of what hamza says. He's speaking about getting the capital for investments first but why not invest your left over money (that you aren't investing into your business ect) into an index fund. Start early and it will pay off more than you think it will.
Investing in your own business can give you make more than investing the same money in other peoples businesses
I would recommend if your comfortable, in some larger companies that have strong potential for growth, my portfolio is made up of 40% index funds, and 60% selected stocks, with about half of them being a bit on the risky side, and the others being trillion dollar stable companies(apple, microsoft, P&G atm)
Invest in yourself first. It has high ROI
Fuck an index fund. I’m buying crypto
@Imran A sssssssssssss
Bought a new Bed, build a HomeGym now its time to learn coding so i can build a software business. Depression gone guys!
Happy to hear that! We are rooting for you. I recommend you a book named businesses model generation , it talks about business models
Based bro look at natural hypertrophy’s vid on the gentle man split
@@Eli-ip3jx good advice bra. natural hypertrophy is the goat
whats your progress with coding rn
I recently started working in a 9-5 in a auto parts store and I've been working for 2 days now and it sucks fucking dick. The job is boring as fuck and my co workers are pretty much npcs except for 2 or 3 of em and that's pretty much the only thing that makes it bearable for me. My plan is to start my yt channel, caloric deficit, eat healthy on my lunch break, and start working out. It will work out on the long run, I just gotta keep pushing forward
17:35 “No one GETS rich from investing. People STAY rich by investing”
Aa someone who invests in the stock market, I highly agree with you! Physical and mental health, secondly skills are mote important than money and investing your money in the financial sector.
Hamza won’t stop until we all become rich Adonis’s
Just making us rich to get us more likely to buy his courses😡😡
@@topman8565 what's wrong with that?
@Rohit Biruli 💀 maybe true
“The only real change comes from inside”- J. Cole
one of the greatest rappers of any generation
I used an investment calculator to see if the time value of money was really worth giving up to do your steps 1-4, and I think you're right but only to a certain extent. Step 1 is crucial and I agree 100% with that. However, since time is so valuable, I think you can do steps 2-4 while investing in the market (invest more in the market when you're at a higher step).
Also, if you're working a 9-5 or trying to go up the corporate ladder, you can only make a certain amount of money at the stage that you're in -- your salary isn't very volatile.
it all comes down to what business you’re trying to build and what skills you’re developing Versus how much money you can work with. different people will have different numbers for all 3 of these, some can afford to invest in the market while also investing into themselves and their skills and potential business while other’s can’t.
@@JonathanVCD Yeah but what if you're working a 9-5??
But that's the point, instead of going for a non guaranteed 8 percent put that money into both saving the time and spending that time on increasing your income.
Once you have enough money to actually make a living off interest, you can only then invest
Yes but the underlying issue is the mental space occupied by learning / investing. Which would have better ROI on other steps. Best thing imo is to pay someone knowledgeable in it to do it. Fits into step 3. Not before.
Tremendous video, man. These are the gems I have to add, all available on audio.
-How to Win Friends and Influence People
-Never split the difference
-Cant Hurt Me
-Way of the wolf (of wall street)
-Extreme Ownership
-The Dichotomy of Leadership
-12 Rules for life (&12 more)
-Basic Economics
And last but never least
THINK AND GROW RICH
I wouldn’t really read the wolf of wall street because he broke mutiple crimes and went to jail
dont do audios, read the freaking book, its way better
The more specific Hamza gets, the more I disagree. The more broadly I look at what he says, it’s fucking life changing and incredible
Haven’t been on YT for some time, I see you have really improved your game brother, excellent quality. Truly a good channel
Absolutely agree with all of this! I have been doing these steps in hopes of living an awesome life by one battling my addictions to have a positive result about my mental health and also temporarily working at a hard but doable job that will definitely teach me new skills such as social skills, mental agility, multi-tasking and discipline.
100% A lot of the time financial youtubers casually mention that the first 100k in an investment portfolio is the hardest to get, because you have to do the heavy lifting yourself, through savings and other forms of income. They don't bring up the logical follow up that without a good source of income or a large lump sum of wealth, investing isn't directly useful to you.
I don't think that this diminishes the value of understanding and committing to investing as a pathway to financial freedom, I just wish that people would be more open about it. A lot of people get all passionate at the idea of retiring early by beating the market, and then just give up once they realise it isn't that easy. As always, Hamza's shooting down the false hope whilst showing us the harsh yet hopeful truth, even when it doesn't sell well. Respect.
Great video. But there are some things I disagree with:
1. Getting a haircut every 2 weeks (In Step Two)
- You can save money by getting a clipper and maybe getting a haircut once a month. As your income increases, you can then increase the visits to once every 2 weeks, or even once per week.
2. Paying someone to clean
- This is not necessary. In my opinion, the people who should pay others to clean need to already be a millionaire or at least close to being one
3. Getting a therapist
- No one should be paying a therapist "X" amount per hour when on step 1 making little to no money. Instead, do Gratitude and Meditiation. Talk to a good friend who is knowledgeable and trustworthy as your therapist.
If you have serious mental problems due to family or relationships, getting professional help is optimal.
4. Not Investing in the market
- If you have consistent income and are able to contribute a small portion of your money every week/month, do it. It's all amout time and consistency when investing. Do it while you're young. While you make money in Step 2, invest as well. Contribute more to your portfolio as your income rises
sometimes meditation can't fix
PTSD and serious mental issues
@@israelomola3806 If a person has serious mental issues, then getting a therapist would be optimal. But if you're considered normal, just save your money
@@devonramsay1565 I agree
but you have to understand people usually speak from their experience
and Hamza started from a dark place.
@@israelomola3806 Agreed. He has family problems. So getting a therapist was good for him
Agreed
Just got randomly recommended to me 😂 goddamn i love 2021 hamza .
Do both at the same time, the power of compound investing is real and most people underestimate exponential growth
Maybe with index funds you have a point, but crypto is still relatively new with high volatility, theres still a high likelihood that investing in certain coins can give you a far greater return. However i do still agree that you shouldn’t dump all your eggs in one basket at an early stage.
Get into business, first.
No one makes money in crypto, it is just redistributed through people, so for every winner there is a loser. Stocks actually have an income to distribute to investors which will quantify an actual valuation unlike crypto
@@pagnag4388
lmao stocks are just redistributing wealth on another scale lol
Man, hamza is like that one person in your life that gives you no bs genuine advice to just help you. He’s the guy you look up to in life.
I listen to Hamza while I workout everyday. Invest ur time on Hamza
I agree but its pretty hard to invest ur money successfully when u don't know anything ab it even when u have good income etc so I think its great to invest in urself, learn new stuff and so on but practicing investing and learning from failures and success is the best way imo (u can still do everything hamza said but investing even a littlebit of money will help u understand the "market" earlier so u can invest properly when u have enough money)
Health is literally one of my top priorities and I’ve recently had my flow and way of living start building up. Was working out more, reading and meditating, eating what I deemed sufficient for me, and that all led to me being more open socially which allowed me to be more authentically myself and led to a better social life at work. But recently, I had some setbacks and fell off my routine which led to me falling off eating healthy as well, which led to me going back into “remission” and going back into a shell of myself and my social life went down with it. This has proved to me that it’s okay to be selfish at times to better yourself, but don’t get too sucked into it once you get yourself going as it’ll lead you nowhere.
Bro not everyone gives these sort of direct advice….
MASHALLAH real talk
Dont see why you have to forgo financial investments to invest in yourself. You can do both if you manage your money properly. Some of this advice is spot on (invest in health, personal image/style etc.) but some of it is a bit questionable. For example the tip advice; Youre essentially saying to tip for an ego boost? doesnt sound grounded or smart at all.
Kindness is not an ego boost.
Try doing voluntary work and you'll know the feeling he gets. Kindness is a very strong way to actually feel good (not boosting your ego). It feels better to spend something on someone else than to spend it on yourself (ie. You have extra cash and you spent it buying someone coffee vs buying a snack for yourself)
And to emphasize, its the intent that is important. If you're tipping to boost your ego then yes tipping is bad. But if youre tipping to help that low wage earner get a few more bucks then go ahead and tip.
It doesn't seem like you've actually researched this topic. This isn't meant to be an ego boost at all. It's making yourself happy THROUGH MAKING SOCIAL CONNECTION WITH THE OTHER GUY AND MAKING THEM HAPPY!!
It's not an ego boost, it's positive perception and state of mind alteration. There is a DRASTIC change in the mind and how you view yourself when you can give to others. Think of the opposite mindset: begging or needing help. It's a paralyzing feeling, hurts your self-confidence, and erodes your hope in life in general. Everyone wants to be the person that lends and not borrows. It creates momentum that makes you feel successful, which builds on itself as long as you are doing the work correctly otherwise.
There was a relatively rich guy that my grandparents knew that had a reputation for being able to buy his way out of problems. He smoked for decades and ended up with lung cancer and in his last few months he told them that he had finally found the thing he couldn't buy his way out of. Of course having a lot of money can help with your healthcare and there are treatments now that he may have been able to buy but he would have been better served by paying for addiction treatment than whatever he was investing in to get that rich.
Literally the best video on this subject I’ve ever seen. Fully smashed it with the ladder system, it’s a recipe for a good life rather than just good income, people don’t get the other things in check and most the time end up jumping off a building, and when people do the final steps first they jump off a building without even having a good income
Omg you're a psychic. I just got interested in money investing and stuff.
lmao same it's crazy
please research how to actually invest in index/crypto AS WELL as mental health etc
Hamza you are a damn genius, I was sceptical at the start of this videos but you are speaking pure facts as always, god bless
"I read this book and then I made 30 thousand in 1 month" sounds a bit misleading Hamza. The algorithm shifted in your favor at random and gave you massive exposure, not sure a book did that for you
@@Ryan-Horgan why don't *you* stfu boyo, I wasn't speaking angrily or with hate so I dunno why you're reacting that way. Dont be one of these manosphere Karens that defend everything your chosen idols say, I am allowed to give an opinion on other flawed beings. Go shave your back or something dude, or hell, at least correct my ass if you think I've misjudged what he said.
I think that was just bad wording on his end
@@KrazyFalcon he said at least twice that that first book he showed on screen was the benefactor for him in order to achieve making 30k in one month, no? Unless the book directly speaks on leveraging the algorithms of the internet, I was put off by how he framed that.
Algorithm didn't do shit , if the content isn't good , the channel wouldn't have grown.
Dude, he made that money before YT, doing dropshipping or something like that
Anybody else notice how his speaking skills have sky rocketed?
I know this isn’t related to the video but can you make a video about how to move on from someone passing who’s close to you. Pls hamza . I feel like you’re a brother to me.
He won't
@@Dogspine1 he will
You really inspire me Hamza saw you first at 20k and it's so amazing to see you grow
dude I've been watching you for a while too
saving this bro i feel like advice from this video is good for like my next 3-4 years honestly.
Actual good advice 👍
Your videos changed my whole mindset, thanks hamza
when i lost i come to your videos you and iman gadzhi iand i back to my life like ayoung mane
This is one of the best videos i've watched.
I did now that My audio set that is about 200W RMS (bass impossible to get on average blueetoth speaker) can be that useful.
Finally I will have use of it, and annoy neighbors a litle bit more
Bro you’re like the reincarnation of zyzz huge respect
Great f*cking advice, I was sceptical at the beginning, but man you're straight just spitting facts right here. Thank you bro
I'll make duaa for you, Hamza!
Make a video about saving money and other financial aspects
it doesnt matter how tired and fucked up i am, as soon as i watch your vids i could move mountains
Hamza man, this is vid is awsome. Love from Pr🇵🇷
Mmg tamo activo💪
Also tipping can also lead to better service, especially in bars, if you dealing with a good bartender, you’ll become a VIP member to them.
I REALLY STARTLED BC THE KISS IN THE LAST SECOND LOL
pozreté, úžasne videjko niekedy znova pozrieť
Finally. Someone had the fucking balls to say it. I’m so tired of this people that really think you can become mad rich by investing $100 bucks a month in an index fund.
I mean you will be rich investing a 100 bucks a month but when you’re old
@@ryanjohnson5882 Yeah, and it won't really matter anymore then
Good advice on the therapy to investing pathway I definitely understand that.
I’ll only say that for me stock investing and learning about stock investing / value investing has been a lot of fun. And I do it because I enjoy it as much as wanting gains.
Do tips for high school
Needed this much love 🖤
Hey hamza while whatching ur vids for hrs like allways i got an idea. I would like to see a vlog like video of ur day so me and others can have a look at the live of a man that achive so so much (sorry if i wrote something false im from germany)
As long as you improve yourself by sport, intellectual practice like science, philosophy, learning languages or learning an instrument, i don't see how starting to invest your money can be a bad thing. Learning to invest in crypto has been very interesting to me and gave me a real sense of money management and saving.
Thank you. Today I came back from school and thought : " Half a year ago you wanted to start investing. Start today. " After this Video I realised how far I am away from investing.
This is cope... I agree with investing in yourself but there's still some big return opportunities in the next few years on crypto if you research it and pick the right ones at the right time
Fax, he trippin
Crypto is entirely speculative, stocks and crypto are no where near the same
You can profit by working in hours saved by investing in time saving and you get profit
Well even Jesus died as a virgin
@@yhwachsoloseveryanime7293 What's your point?
@@AndIChoseToSpeakFAX i Just wanted to say that Bro leave me alone i am a Jesus fan
Actually Hamza is teaching us how to spend money correctly
One of your best videos
Yes Bro Let's go!
I don't know how to say this but hamza is really changing my life there really is no way to say thank you and I really look up to him and hopefully one day I can thank him for everything he's done for me since I started listening to hamza my life has changed I got away from my toxic friends and transfered schools to one that allows me to go to the gym everyday after school I've made a bit of money and my mental health just doesent stop improving
I love you hamza❤ I'm trying my best to be adonis. I literally make notes of your video & read it everyday .
Do you mind sharing them ?
You aren't trying, you are becoming adonis, at this pace your future is set in stone. Godspeed brother, the fruits of your labor will return
@The Algorithm It means have a good journey
Love you Hamza, but *the steps you mention in this video are not mutually exclusive.*
You can invest in your health, your skills, your time, your social life, and for the long term (stocks, crypto, real estate, etc.) *all at the same time!* The longer you invest, the more you profit, so waiting to invest in anything just means loosing potential profits.
Imo, the best thing to do is invest in all of these at the same time. After all, you don't put ALL of your money into any of these at one time, so *just take the money that's laying around and invest it where ever you can*
Index Funds are actually very important. You should invest in multiple ways - Index Funds is one of multiple different investing methods.
Hamza no front. Honest advice maybe you should fly to Turkey and get your ears more symmetrical. I had this idea when you talked about step 3
I just bought this book today.
The truth my boy
Gotta teach the youth about that MOOLA 💰🤑 you doin great things mate 🙏🏾
First useful info I got from this guy!
I just love how comprehensive your vids are
On step 2 made 10k from crypto last year but it doesn’t really last unless the mental health is there learned that the hard way.
How much is it now because of taxes
you dont actually get rich from index funds or real estate, cause the returns you get just cover inflation. Now if you look at the official inflation numbers you might see that your return is slightly higher then inflation, but REAL inflation is way higher. If you look at the s&p500 divided by the m2 money supply ($) youll see that the stocks dont actually grow more then inflation. Index funds and real estate protect your money from inflation in the long run, but if you wanna get rich crypto is the only way but its also way more risky so be careful with that one.
Dude real estate can make you rich af what are you talking about lol. You have a better chance of getting rich through real estate than you do crypto
thanks man
4:48 Rip camera. Rest in zyzz 😢
Gracias Hamza ❤
hamza thank you for giving motivation
I rarely comment, but this video has gold advises.
You got my like bro 🙌
Dont give financial advice if you dont know about it yourself.
incredibly powerful video
Holy shit, this yt channel really is a goldmine
Thanks for the video
He's right.put in the grind to get huge money and then you use the stocks to protect yourself and you can live off it if you have enough obviously
I learnt all these lessons the hard way
Crypto (specifically speaking Bitcoin any other alt coin is hyped by Jeffreys) is a good way to invest same story with index funds. Hamza is talking about getting capital for further investing if you're not investing in you're business. I can agree I used to be hooked on getting rich quick with stupid stocks like coca cola. I started a vending machine business and started making passive income. Before this I started dieting and working out. I regret not meditating before hand but I do now. Start your own business instead of crossing fingers that some big company will blow. Don't rely on other people come up with an idea and execute it.
I aint gonna sit here and write some paragraph cuz i only need one word...
Legend.
The thing about index funds is it takes a week to set up the proper accounts (Roth IRA, 401k, brokerage, HSA). The rest is just throwing your spare paycheck money into it as if it's a secondary bank account. It's an effortless routine with long-term benefits. I agree with most of the video, investing into mental and physical health, career growth and a social life are all more important than index funds. But its a year long process (usually more) to work on those things. No reason to wait until all of that is done to move your spare money to index funds. I would recommend people take a week to setup retirement accounts with a portfolio of index funds after step 1. Still great advice nevertheless, I'm going to invest in a therapist immediately, then career growth
It doesn't get more boomer then investing in index funds
I always hear people say what to do. But they dont get into how things work. Listen to what i mean. Things like making online accs like paypal or smth? Where to keep your online return money? How to avoid paying too much(like taxes on crptoI DONT HAVE CRPTO). What to avoid? What kind of people do you want in the social circle. Just some rich dude?
I agree with Hamza to a great extent but disagree on the part to invest your money when you're rich.
Invest some amount of money, not to get rich quick, but to learn how to invest and have financial awareness.
thanks for changing my life🙏
I find it weird that Hamza is so against investing in index funds. Investing in a low-cost index fund over the long term is the safest and most reliable way to achieve financial freedom. It's delayed gratification, something that Hamza preaches all the time. Not everyone can or should be a business owner, but everyone should own assets, and as someone pointed out earlier, you can do both. When you're young the ONE thing you have an absolute advantage in is time. The earlier you start investing, the more time your money has to compound. Like, investing 500€ a month for 50 years will amount to 2,6 million, assuming 7 % yearly returns. That's significant. It's enough to retire on, and although 500 / month is a lot when you're young, once you start working its not an unreasonable amount.
Great Video Hamza!
Advice for everyone:
Buy stuff cheaper on eBay and flip it on Amazon.
Not crazy profits but brilliant side income.
buy it on alibaba even cheaper
u can't by stuff on ebay and sell it on amazon bc its used
Thank you Hamza
So basically, Maslow's hierarchy of needs?
Yup
Yeah we need more financial videozz baby
Index funds are good if you wanna have money when you’re older
Investing in crypto is literally the best thing to do now especially now the crypto market is unstable.
I have been holding on to $2k cheque about a month just waiting to go into the forex game......been studying on my own, paid for a person's "course" and I still can't figure it out, am so ready to get started.
I just saw Expert John Sears name mentioned here...
I'm not here to converse but to share my testimony.you have no room to panic when trading with him.
It's not about watching videos, wasting your time on strategies. I was ignorant doing so ....so I decided to try Mr John and ever since I have made up to £14,000 for every £5,000 I invested just in two weeks.
I think Investing with Mr John Sears is the best thing I have ever done .
@Owen McCarthy Why my cell ? Am not the broker