I love the content. My dad always went on at me to save but never explained compounding or tactics or healthy ways of thinking about money. As someone who bought my dream car pretty early on (no regrets, when I retire a V8 Mustang won't be around), I'm now also trying to save and invest, I think there is a healthy balance, especially if you don't want kids.. What good was Charlie's money to him after he passed away?
Good video, I started aggressively buying bitcoin 7.5yrs ago in June 2017 and precious metals in 2020. In retrospect should of stuck with bitcoin instead of metals but its worth around 3.5M now. I'm 45, when I hit 5M going to sell my business and travel the world
Hello, I am 16 years old living in Georgia(country). I completely agree with everything you have said, and have taken action to change, and get rid of the bad habits that lead to "tiktok brain". The decisions I make now will create the path of my future. So, I have 2 questions: Do Idevote 3-5 of my most energetic years of my life to studying(university), or do I continue the way i am doing now(learning the unconventional way, reading books, learning by doing, experience...). What would be the best way for someone aged 16? The second thing I would like to add is that the future can change in a blink of an eye. You saying that we should think about a decade in advance does work if there is no economical, political or big change in the world. That's why I fhink it's important to think about profitability short term and not only long term ROI. Lastly, what do you think is a business to get into to start making money. I don't want to know the easiest way to make money, of the fastest. Just something that takes a reasonable investment, with good returns if hours are put into the business. Thank you so much, will definitely watch your other videos.
Unless you need a specified skill for your dream life (like a brain surgeon), I'd suggest getting straight into the world of entrepreneurship. University used to be something prestigious, now everyone and their momma can do it. 1 - Early in your 'career', I'd suggest working for highly energetic small companies to learn from the owners and see how organisations function, for better or worse. No more than 8-10 people so you’re close to the decision makers. Get a feel for sales, marketing, operations, bookkeeping etc. Really throw yourself at it and do your very best for the company and its success. You’ll learn more doing that, than getting any degree. 2 - With great change comes great opportunity. Change is to be welcomed, not feared. We’re very good at adapting at an individual level, but collectively quite slow. Cashflow keeps you in the game, ask any business owner who hits cashflow issues. Your decision making is a lot wiser and rational when time is not a deciding factor. For example, if you’re trading shitcoins in crypto, you’ll probably get wiped out at some point because of the unfavourable asymmetric risk. If you dollar cost average into BTC for the next decade with a 100 year time horizon, you’ll probably win big. 3 - We’re going through a shift in consciousness and into the digital age, whether people like it or not. See the answer to question 1 and see if something resonates. All the best to you. At 16, you’re ahead of the curve.
I have promised my son that I will double up if he invest his hard earned money in stocks and he has allready at 19 a portfolio of a high value. But most important he allways have new ideas to new investments and learned that every dollar spent on beers and expensive clothes cannot be invested. Futher when the market moves it can earn him more than a month salary in one day.
Solid insight 👍🏿
This is a great underrated channel mate, keep the content coming 👍
Thank you
I love the content. My dad always went on at me to save but never explained compounding or tactics or healthy ways of thinking about money. As someone who bought my dream car pretty early on (no regrets, when I retire a V8 Mustang won't be around), I'm now also trying to save and invest, I think there is a healthy balance, especially if you don't want kids.. What good was Charlie's money to him after he passed away?
Good video, I started aggressively buying bitcoin 7.5yrs ago in June 2017 and precious metals in 2020. In retrospect should of stuck with bitcoin instead of metals but its worth around 3.5M now. I'm 45, when I hit 5M going to sell my business and travel the world
Hello, I am 16 years old living in Georgia(country). I completely agree with everything you have said, and have taken action to change, and get rid of the bad habits that lead to "tiktok brain".
The decisions I make now will create the path of my future. So, I have 2 questions: Do Idevote 3-5 of my most energetic years of my life to studying(university), or do I continue the way i am doing now(learning the unconventional way, reading books, learning by doing, experience...). What would be the best way for someone aged 16?
The second thing I would like to add is that the future can change in a blink of an eye. You saying that we should think about a decade in advance does work if there is no economical, political or big change in the world. That's why I fhink it's important to think about profitability short term and not only long term ROI.
Lastly, what do you think is a business to get into to start making money. I don't want to know the easiest way to make money, of the fastest. Just something that takes a reasonable investment, with good returns if hours are put into the business.
Thank you so much, will definitely watch your other videos.
Unless you need a specified skill for your dream life (like a brain surgeon), I'd suggest getting straight into the world of entrepreneurship. University used to be something prestigious, now everyone and their momma can do it.
1 - Early in your 'career', I'd suggest working for highly energetic small companies to learn from the owners and see how organisations function, for better or worse. No more than 8-10 people so you’re close to the decision makers. Get a feel for sales, marketing, operations, bookkeeping etc. Really throw yourself at it and do your very best for the company and its success. You’ll learn more doing that, than getting any degree.
2 - With great change comes great opportunity. Change is to be welcomed, not feared. We’re very good at adapting at an individual level, but collectively quite slow. Cashflow keeps you in the game, ask any business owner who hits cashflow issues. Your decision making is a lot wiser and rational when time is not a deciding factor. For example, if you’re trading shitcoins in crypto, you’ll probably get wiped out at some point because of the unfavourable asymmetric risk. If you dollar cost average into BTC for the next decade with a 100 year time horizon, you’ll probably win big.
3 - We’re going through a shift in consciousness and into the digital age, whether people like it or not. See the answer to question 1 and see if something resonates.
All the best to you. At 16, you’re ahead of the curve.
Very articulate and aware 16 year old. Stay focused.
I have promised my son that I will double up if he invest his hard earned money in stocks and he has allready at 19 a portfolio of a high value. But most important he allways have new ideas to new investments and learned that every dollar spent on beers and expensive clothes cannot be invested. Futher when the market moves it can earn him more than a month salary in one day.
You’re a good father.