Hello you savages. Watch the full episode with Scott here - ua-cam.com/video/gZ5K4iReUnE/v-deo.html Get a Free Sample Pack of all LMNT Flavours with your first box at www.drinklmnt.com/modernwisdom
Scott was given a free education, he uses it to write books and sell speeches. He gets on corpo boards and shakes them down for DEI cred, basically he is a HACK.
1. Definition of Wealth: Scott Galloway defines being "rich" as having passive income that exceeds your expenses. This concept emphasizes financial security and the ability to live without financial stress. 2. Focus on Main Hustle: Galloway advises against prolonged side hustles, suggesting that dedicating extra effort to a primary job can yield greater returns. Importance of Time: He highlights the power of compound interest and urges young people to invest early, emphasizing that time is a significant advantage. 3. Control Spending: Galloway stresses the importance of controlling spending and being disciplined about saving and investing in low-cost ETFs and index funds. 4. Diversification: He underscores the necessity of diversification to protect against market dynamics and reduce financial and emotional risks, recommending not to invest more than 3% of net worth in any single investment. Thanks for the amazing video. I've been collecting wisdom like this in my channel as well!
So basically get a job, which most people do anyway out of necessity - and control your spending? Wow, genius level amazing advice man. Thanks for providing this summary, I won't watch this useless video with a hyperbolic title
@@nKarje Just because you supposedly understand all of this already that doesn't mean everyone else does. Keep acting superior if that makes you feel good, but don't feel the need to bitch about other people explaining it in a way that teaches others. To be clear, the investment tips is by no means something EVERYONE knows already. You just had a half-decent education on the topic.
@@nKarje There’s a saying that goes something like “All the most important financial advice can fit on the back of a post card”. Nevertheless everybody needs a bit of financial advisory at least sometimes.
1. Focus 2. Find what you are good at 3. Double down on it 4. Diversification 5. Stoicism 6. Save more than you spend and less than you make 7. Save and appreciate how powerful time and compound interest is I know how to make you rich, that's the good news, the bad news is... Slowly
The whole point of wealth for me is freedom. My magic number in my mind is 5 million needed at 65 to not worry about anything. Am i better off investing a good portion of my income into stocks or real estate to achieve this goal?
Varied sources of income is wise and especially living within your means. My net worth is $2M and I can pay my bills with no stress, but I don't live like I have that. I have no complaints.
Money advice is subjective, what works for you may not work for someone else, but it's always better to plan. I'm quite lucky exposed to personal finance at an early age, started job 19, bought first home 28, got laid-off work 36 amid covid-outbreak, and at once I consulted an advisor to handle growing my finance. As of today, I'm only 25% short of my $1m goal after subsequent investments.
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Melissa Terri Swayne’’ for about two years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
I appreciate this. After curiously searching her name online and reviewing her credentials, I'm quite impressed. I've contacted her as I could use all the help I can get. A call has been scheduled.
Creating wealth entails establishing positive routines, I had only $78k to my name at 42 when I first woke up to this reality. I chose the stock market as a medium of growth, got an excellent financial advisor, Financial management is a vital subject that many avoid, often leading to future regrets.
Indeed, currently I'm managing my finances wisely and being frugal. In the last 19 months, my investments grew by 43%, adding over $500K in profits. However, I've had losses in the past month, making me anxious. I'm unsure whether to sell everything or wait.
No doubt, having the right plan is invaluable, my portfolio is well-matched for every season of the market and recently hit 100% rise from early last year. I and my CFP are working on a 7 figure ballpark goal, tho this could take till Q3 2024.
This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation
Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Instead of trying to predict and prognosticate the stability of the market and precisely when the change is going to happen, a better strategy is simply having a portfolio that’s well prepared for any eventually, that’s how some folks' been averaging 150K every 7week these past 4months according to Bloomberg.
Starting early is simply the best way of getting ahead to build wealth , investing remains a priority . I learnt from my last year's experience , I am able to build a suitable life because I invested early ahead this time .
Some individuals minimize the importance of counsel until they make regrettable mistakes. A few summers ago, following a protracted divorce, I needed a significant push to keep my firm afloat. I looked for licensed advisors and found someone with the highest qualifications. She has contributed to my reserve increasing from $275k to $850k despite inflation.
How can I participate in this? I sincerely aspire to establish a secure financlal future and i'm eager to participate. Who is the driving force behind your success?
Investments are the roots of financial security; the deeper they grow, the stronger your future will be, One lesson I've learnt from billionaires is to always put your money to work, and diversifying your investments. I'm planning to invest about $200k of my savings in stocks this year, and I hope I make profits.
You are right. The best approach I feel is to diversify investments by spreading investments across different asset classes like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown.
That makes sense. I’ve been using a financial market expert for two years now and I own a six-figure diversified portfolio from investing in stocks. I want to diversify more this year, though.
'Sophie Lynn Carrabus is the licensed advisor I use and i'm just putting this out here because you asked. You can Just search the name. You’d find necessary details to work with to set up an appointment.
Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Instead of trying to predict and prognosticate the stability of the market and precisely when the change is going to happen, a better strategy is simply having a portfolio that’s well prepared for any eventually, that’s how some folks' been averaging 150K every 7week these past 4months according to Bloomberg.
The professionals presently control the market since they not only have the essential business strategy but also have access to inside information that the general public is not aware of.
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
My CFA Mary Elizabeth Fugelsang a renowned figure in her line of work. I recommend researching her credentials further... She has many years of experience and is a valuable resource for anyone looking to navigate the financial market
Every crash/collapse brings with it an equivalent market chance if you are early informed and equipped, I've seen folks amass up to $1m amid economy crisis, and even pull it off easily in favorable conditions. Unequivocally, the collapse is getting somebody somewhere rich.
I do not disagree, there are strategies that could be put in place for solid gains regardless of economy or market condition, but such execution are usually carried out by investment experts with experience since the 08' crash
The issue is people have the "I want to do it myself mentality" but not equipped enough for a crash, hence get burnt. Ideally, advisors are reps for investing jobs, and at first-hand encounter, my portfolio has yielded over 300% since 2020 just after the pandemic to date.
i'm blown away! mind sharing more info please? i am a young adult living in Miami where i've encountered several millionaires, and my goal is to become one as well.
NICOLE ANASTASIA PLUMLEE' is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
I Hit 110k today. Thank you for all the knowledge and nuggets you had thrown my way over the last months. Started last month 2024. Financial education is indeed required for more than 70% of the society in the country as very few are literate on the subject. thanks to Charlotte Grace Miller for helping me achieve this
I'm surprised that you just mentioned and recommended Charlotte Miller, I met her at a conference in 2018 and we have been working together ever since.
I just withdrew my profits a week ago, To be honest it was an amazing feeling when the profits hits my wallet I wish I could reinvest but, too much bills
As a home owner I’ve diversified into other sectors that have been less chaotic. With a good investment plan that ensures steady income without any doubts I and my wife are prepared for a well organized retirement. I started investing in stocks 2 years ago and so far, I am making a good yield on my dividend. I've learned that getting a good return is very much attainable only if you know your way around it.
It's totally far from luck. Sir Jonas Herman, a CFA has consistently outperformed the market ever since I got on his program. He has continued to put my $35k to good use with market driven strategies making me an optimal return of over $121k
Investors should always put their cash to work, especially In 2025 if we want financial freedom. We'll start to see more market diversification. I'm hoping to invest about $350k of my savings in stocks against next year. Hope to make millions in 2025
Since risk is at an all-time high right now, perhaps you should be a little more patient and return when it has decreased. Alternatively, you can consult a trained financial expert for strategy.
Yes true, I have been in touch with a brokerage Advisor. With an initial starting reserve of $80k, my advisor chooses the entry and exit commands for my portfolio, which has grown to approximately $550k.
“Diana Casteel Lynch” is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
As an investing enthusiast, I often wonder how top level investors are able to become millionaires off investing. . I’ve been sitting on over $545K equity from a home sale and I’m not sure where to go from here, is it a good time to buy into stocks or do I wait for another opportunity?
Invest in S&P 500 ETF, for as long as possible. Do it as often as you can. Try not to withdraw this money and let compounding do its work. Prioritize patience and a long-term perspective most importantly consider financial advisory for informed buying and selling decisions.
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? I'm in dire need of proper portfolio allocation
Viviana Marisa Coelho is her name. She is regarded as a genius in her area and works for Empower Financial Services. By looking her up online, you can quickly verify her level of experience. She is well knowledgeable about financial markets.
Managed accounts make no sense to me, especially when they do not do as well over the long term - even over 10 years it’s highly unlikely to see more growth from a managed fund. This is due to the cost in fees reducing the profits. Either a global fund, or S & P 500 are good options for passive income. There are more options for more active income ( rentals)
The recession is here, where do investors look at for wealth gains now? mortgage rates still on the rise with higher imports and lower exports, yet the Fed is to lessen cost. Something will eventually break if they keep raising interests and quantitative tightening.....
if you want to hold on to cash, put it in a safe deposit box, if you want assets, buy things people need in a shtf society, food, ammo, wood, water filters, tools, have a skill at building and fixing
Agreed, I've always delegated my excesses to a pro, ever since suffering portfolio steep-down amid covid-19 outbreak. As of today, I'm semi-retired with barely 25% short of my $1m retirement goal after subsequent investments, and only work 7.5 hours a week.6
My CFA Julianne Iwersen-Niemann a renowned figure in her line of work. I recommend researching her credentials further... She has many years of experience and is a valuable resource for anyone looking to navigate the financial market..
I just sold a property in Portland and I'm thinking to put the cash in stocks, I know everyone is saying it’s ripe enough, but Is this a good time to buy stocks? How long until a full recovery? How are other people in the same market raking in over $200k gains with months, I'm really just confused at this point.
Yes, a good number of folks are raking in huge 6 figure gains in this downtrend, but such strategies are mostly successfully executed by folks with in depth market knowledge.
It all depends on how long you're willing to hold for, stocks might likely tank further, but making serious gains in this downtrend wouldn't be a problem if you're a pro.Reason I decided to work closely with an brokerage-adviser ever since the market got really tensed and the pressure became so much(I should be retiring in 17months) so I've had an brokerage-adviser guide me through the chaos, its been 9months and counting and I've made approx. 650K net from all of my holdings.
Elisse Laparche Ewing is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
The stock market can be a great source of passive income. I've heard of investors making over $40K a month from it. I'm ready to get started, but I want to avoid mistakes-are there any safer bets to consider?
Agreed, despite my rookie knowledge of investing, I have a financial advisor who did the trick in a bit more than 6 months after a lump sum capital of $500k, and I've so far made a fortune. I'm now buying real estates, gold and silver as advised by my FA.
Unless you are approaching retirement do not use a financial advisor. What a complete rip off. Put your money in index funds and let cost averaging and compounding interest do its job. Anyone that says they can pick stocks is a liar. Only 20% of pro investors beat the s&p 500 every year and just because they beat it this year doesn't mean they are doing it next year. Look at Catherine Wood. Everyone thought she was a genius over at Ark invest. Well her ETF this year is only up 8% while the s&p is up 25%. On top of that you have to pay a management fee of .75%... Still lower than some financial advisors but not as cheap as the .03% I pay on my s&p 500 ETF. Put your money in the s&p500, do it consistently, and do it for many years and become a millionaire. It's that simple. Want some higher risk? Put some in a high growth ETF or NASDAQ ETF and then you can literally say "on average I beat the s&p500 every year". Think that's too slow? My money grew by over 30% last year just being in simple index funds. My higher risk runs grew by over 50%. And I didn't pay any financial advisor a penny.
Transfer of wealth usually occur during market crash, so the more stocks drop, the more I buy, in the meanwhile I'm just focused on making better investments and earning more as recession fear increases, apparently there are strategies to 3x gains in this present market cos I read of someone that pulled a profit of $350k within 6months, and it would really help if you could make a video covering these strategies.
Understanding personal finances and investing will most likely lead to greater financial independence. By being knowledgeable about money and investing, individuals can make informed decisions about how to save, spend, and invest their money or you could hire a financial expert.
I totally agree; I am 66 years old, recently retired, with approximately $1.2 million in external retirement funds. I am debt free and have very little money in retirement funds compared to the total value of my portfolio over the past three years. To be honest, I didn't do all this alone, but with the help of a financial advisor. Having one is currently the best way to trade in the stock market, especially for people nearing retirement.
Is there any chance you could recommend who you work with? I've wanted to make this switch for a very long time now, but I've been very hesitant about. I'll appreciate any recommendation.
'Carol Vivian Constable is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
My 40 year old self wishes I had this 10 years ago. The full is gold. There are many ways to achieve financial freedom but if u focus on the big rocks he outlines you’ll be happy when u get there. I am killing it now in all areas of life.
Pass the ideas onto your kids. Be the guy who puts money each month into an index fund for them so they can be debt free. Show them compound interest and the peace of mind of living below their means.
The truest thing Scott said, "The majority of self-made people are good people. The reason why is, if you want to be wealthy, you have to collect allies along the way. People want to have to put you in a room of opportunities... The only way it's going to happen is if you show generosity and character from an early age."
@jumboshrimps4498 because they exist in a space divorced from accountability and community. They can fail and fail and fail and still get bailed out. They mistake their privilege for competence and expertise, and their families' political connections allow them to inherit power without any sense of responsibility to stakeholders.
@@The27thS What does that have to do with you? If my kids want to waste the millions I give them, it's none of your business. Where does your sense of entitlement come from?
In these uncertain times, it's more important than ever to have a solid understanding of how to manage your finances, invest wisely and navigate economic downturns. But my primary concern is how to grow my reserve of $240k which has been sitting duck since forever with zero to no gains, sure I'm all in on the long term game, but with my savings are lying waste to inflation and my portfolio losing gains everyday, I need a remedy.
If you need advice, consider speaking with a financial advisor. Don't get me wrong, you can do it on your own, but financial advisors have a lot more knowledge and expertise in this area.
You are completely right, Advisors have information and paths that are not disclosed to the public.. I profited £760k in 2023 under the tutelage of my Fiduciary-counsellor. Am I selling? Absolutely not.. I am going to sit back and observe how this all plays out.
I’ve been diligently working, saving and contributing towards financial freedom and early retirement, but the economy so far since the pandemic has eaten away most of my portfolio, what I want to know is this: Do I keep contributing to my portfolio in these unstable markets or do I look into alternative sectors.
Due to my demanding job, I lack the time to thoroughly assess my investments and analyze individual stocks. Consequently, for the past seven years, I have enlisted the services of a fiduciary who actively manages my portfolio to adapt to the current market conditions. This strategy has allowed me to navigate the financial landscape successfully, making informed decisions on when to buy and sell. Perhaps you should consider a similar approach.
Finding financial advisors like Carol Vivian Constable who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
I am certain that the topics in this video are more relevant to me than to the average person, but regardless, I wrote almost 2,000 words of notes on this 15-minute clip alone. The amount of wisdom and good advice shared in this video is unbelievable! We are so lucky to have Scott Galloway.
The simple thing about life is that 1% listen and actually do what those who have lived it and don’t. All these facts he’s spoken will not be done by 99%. And it’s this 99% that will cry and complain until their grave why they never made it.
I invest 20% of my income in dividen paying stocks. I am a security guard at a hospital. I have a side hustle that I'm hoping I can take full time when I retire.
@@carlyndolphin This. Invest into a bit more risky funds since time allows you to go through some losses at the beginning and then when you're close to retiring transition into dividend stocks or just have a good lump sum from the other method and withdraw from it periodically. Not financial advise, solely my opinion and you should either go to a qualified financial advisor since you situation would be different from mine and or do your own research on the topic.
@@carlyndolphinthe risk of investing in no dividend stocks is that if they go under due to poor management you've got nothing. At least with dividends you'll have been paid something.
I was doing this but realized my investment horizon was way to long for this. I switched to growth (low cost) etfs now. Dividend paying stocks are good closer to retirement but get into growth and contribute for the long term in tax efficient accounts.
Older you get the less you should want....pay all your shit off and enjoy building a bank account and be content with WHAT YOU HAVE. Focus on the congruency and net positive of your physical health, mental health and improving your relationships. Money is a catalyst not the main goal of success.
So much wisdom compressed here. About managing what you need to live, the downside is that I doubt someone could learn this kind of stuff from someone else talking.
Your commitment to educating your audience is truly admirable. We all aspire to attain financial stability and improve our lives. This goal can be achieved through smart investments, mindful spending, and prudent budgeting. I'm thankful for realizing the significance of striving for financial freedom from a young age.
Even though I engage in investing, I feel disheartened by my lack of expertise in assessing the performance of individual companies and determining the optimal timing for stock purchases. The erosion of my financial reserves due to inflation adds to my concerns. At this point, I require precise market trajectory information, but I find myself unsure about the appropriate course of action.
I wholeheartedly concur, which is why I opt to entrust the day-to-day decision-making to an investing coach. With their specialized knowledge and extensive research, it is highly unlikely for them to underperform. Their expertise is centered around harnessing the asymmetrical potential of risks while also employing measures to safeguard against unfavorable outcomes. I have been collaborating with an investment coach for more than two years
None of these productivity folks seems to grasp its 2500 quid to rent an apartment in Dublin or London. We are fucked because the generation before us pulled the ladder up behind them. An Average salary doesnt get you an average house in 2024. You need a great salary to get a shit house.
Exactly - also applies to most of the South East of England, places like Cambridge, Oxford, coastal Cornwall. Diabolical just how bad the housing situation is in the UK and Ireland especially, but also the Western world at large.
I hear you, but as a member of “the generation before”, all I can say is we bought the “things can only get better bullshit” of Blair. Yes we saw house prices spike as the newly arriving demand massively outstripped the supply of houses. Yes we further tipped the balance by buying houses as retirement vehicles after brown wrecked the pension system. And yes all sorts of new and weird family dynamics were encouraged resulting in a flood of broken homes, which further ramped up demand. Suddenly parents with a child needed 2x2 bedroom homes. So sure, blame us if you want… but let’s see if your generation don’t vote for Blair without the flair and green light the continuation of open border, broken family, UK disinvestment welfarism that started the whole ball rolling.
My opinion for young people is you need to be both .a dividend investor and a growth investor, and you can let the market determine your allocation. i use an FA diane sarah olson. For example if I just got a 1000% gain on Tesla and then pulled 85% of the money out and went into a load of more stable dividend stocks like AT & T. So I would say diversify, but also use those growth opportunities to build the capital to invest in the dividend payers (or in cash flowing real estate)
Thanks for sharing, I just looked her up on the web because this is equally important to me, and I would say she really has an impressive background in investing. I will write her an e-mail shortly.
I understand that income vs. spend is a useful stat, but the quality of life of his friend making $3M-$14M isn't even in the same universe as most. Regardless of stress about not saving money I can't imagine that any aspect of his life falls short. Plus if he decides to start saving at 55...60...65...he'll still be better off than 99% while having spent an ungodly amount of money in his life. Love Scott, but don't understand this comparison.
@@user-ee1fn4vt8b Since it's Scott defining rich as that, there's nothing wrong with it. And if it's solely a "he feels stressed about the spending habits so he's not really rich no matter how much he makes", you're completely right. However, high income just correlates to so many amazing things (e.g. life expectancy, success of children, happiness, etc.), I just feel like it's insincere to say this dude is going to be more "stressed" about debt while sipping on vintage whiskey in the Hamptons than someone who is making more than they spend. Just my two cents.
@@AlexMcDanielsAbsolutely fair. But he can also afford to go on a full spiritual journey to fix that mindset and probably not end up on the street. I'd imagine it's probably a lot more difficult to pull someone out of poverty or into a higher income bracket, but who knows, fixing one's mental state is a journey too.
Wow dudes in this comment thread don’t get it. Yes, Scott’s principle applies regardless of income bracket. If you spend more than you make you are mathematically broke and should be stressed about money. We get it. What the OG commentator is saying is within that principle income brackets are not analogous. Focusing on the balanced book between someone making $75k and 3.5 million misses the difference in lived experience, spending power, quality of life, opportunity, access, leverage, medical care, move-ability, and much much more. Hell, the millionaire also has many outlets through buying power to pay someone else to solve their problems via lawyers, accountants, financial advisors etc while the person making $75k has to solve all those problems themselves and within their family. Don’t don’t get lost in the principle folks. You can learn the lesson without missing the forest from the trees, especially since most of you are probably NOT millionaires.
I am from Miami United State🇺🇸, The difference Mrs Lucy Mary Liam makes in my life is second to none it's definitely a life changing kindness. I really appreciate her effort in my life.
Seeing my broker talked on UA-cam, This was exactly how I got the recommendation about her for the past years. Hit $200k today. Thank you for all the knowledge and nuggets you had thrown my way over the last months. Started with $20k in July 2024
Her good strategies of making large amount weekly profits for her clients are totally outstanding. Investing my $1500 with doubt and withdrawing $12,300 with happiness. I ❤️ you Lucy.
The fact is we all had heard something in these lines years ago when we were in our 20s but we weren't equipped with a fully formed brain which could fathom such words and we decided to take what we wanted to hear at that point in life.
@@thedog5k I work for the government currently and no they did not. I’ve had my car broken into and vandalized a few times though living in low income areas. Sometimes they didn’t even bother to steal anything. Just wanted to break a window for fun. Can’t say that’s ever happened to me in a nice area. Ask any real estate investor if the tenants in their low income homes treat the property the same way as tenants in higher income homes
@@thedog5k Are you implying that people who earn lower incomes are traditionally “good” or “fair?” On a number of occasions I’ve seen poorer tenants skipping rent, payments, childcare costs, etc but they always had money for pot, alcohol, fast food, nice clothes, etc. Doesn’t seem very good or fair to break a contract and neglect your child just for meaningless instant gratification
This is the one thing he said that I disagree with. They may be nice to people in person but most if not all billionaires absolutely got there off the backs of others. Even Warren Buffet scared whole industries and ruined many lives to make a shit ton of money and he is one of the nicest people around. My opinion is you may be able to be very well off but if you are fair on the way up you will never be a billionaire.
I freaking needed this today. Been feeling like a weirdo living like a poor man and investing instead of upgrading the lifestyle while everyone around me is vacationing and squeezing their finances.
I was a stay at Home mom with no money in my IRA or any savings of my own, which was scary at 53 years of age. Three years ago I got a part time job and save everything I make. After 3 years, I am 56 yo and have put $9,000 in an IRA and $40,000 in my portfolio with CFA, Abby Joseph Cohen. Since the goal of getting a job was to invest for retirement and NOT up my lifestyle, I was able to scale this quickly to $150,000. If I can do this in a year, anyone can.
Thanks Mate, the sad truth is that no one has a clue, we all react to what happens as it happens and try to analyse it but can’t predict an iota of what is going to unfold in the markets… content creators are like amplifiers, when times are good they affirm it and try to tell you why it’s good and that it’s looking bullish but then all of a sudden the market turns bearish and everyone affirms it again and try to analyse why… it’s so sad that many are so powerless and it's not about guessing the market's next move; it's about playing it smart and steady during trading...managed to grow a nest egg of around 23k to a decent 119k$ in the space of a few months... I'm especially grateful to Abby Joseph Cohen Service, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.
Been debt free for two years thanks to Abby Joseph Cohen Services. So sad to see my friends in their 40s with car loans, mortgages and credit card debt.
Don’t conflate wealth with having a lot of money. Financial security is a must but family, friends, a healthy lifestyle and a true joy if living is true wealth.
Get a job that makes way more money than you need to live (100k+) invest as much as you possibly can in an S&P 500 mutual fund.. and then just wait. There's no realistic 'get rich quick' scheme.. but this is the way to realistically build wealth over time.
i like what he was saying about the side hustle thing. in my experience, i knew nothing about lawn care, but i did it as a side hustle. it failed, although i made a lot of money, i couldn’t focus 100% on it. i know that sounds like an oxymoron. but i learned what not to do in business, and what to do in business. the freedom of working for yourself was sweet for a point. but there’s a lot of costs. i didn’t give up, but i sold all my old equipment, went back to trucking, making enough to take care of my other investments and then some. during this whole process of starting a business first time, i learned a LOT. it is not easy, but it ain’t hard either. we gotta find something we are good at, take risks, but have a back up
Everything he is saying I’ve been implementing with my financial advisor for two years. If I stick to my plan I’ll have $5mil at retirement = roughly $250k PA interest to live off.
Thanks for the tips. I’m broken maybe, cuz hearing about “selling companies” for millions is just depressing. Messed my life up. Who can invest when cost of a home is like 8x what people make annually? So it’s frustrating watching this video too. But thank you for trying to share how you got success. ❤️
Glad he smacked down “side hustles.” It’s good in some contexts but people who fetishize it vs putting that extra effort into your main hustle could make it more bearable. If it can’t, you’re probably best moving on quickly.
i admire your dedication to educating your audience. We all aim for financial stability and a better life. Achieving this is possible through wise investments, frugal living, and careful budgeting. I'm grateful that I learned the importance of working hard for financial freedom at a young age.
I love what you said about having a long term view so much. Being in the market, even if it's the S&P, demands a lot of patience. I'm not close to being a great investor, but having a long term view has definitely helped me pr
thanks to 4ra and their amazing promos, my IPL experience this year is next level! never had so much fun and excitement during the IPL season before. can’t wait for more!
There’s always one off’s here and there but when I look around at the people in their 20’s and 30’s that are killing it, it’s not simply because of “hard work”. Not that those individuals aren’t grinding but they all have one big catalyst included in their story that is propelling them. Whether that be a good chunk of money handed down to them or their parents opening a door in whatever industry they’re in to fast track their careers. I haven’t done everything perfect in my 26 years of life but I’ve worked my ass off and have created a name for myself in my given industry, but when you pay 2,000$ a month on rent and another $500 vehicle payment on top of groceries and everything else just to live your life it’s hard to get going. I’ve always said that it’s really easy in life to make money once you have money but it’s tough to have money in the first place. Especially when you don’t come from money.
Finally someone is on point. I don't care how much someone makes i always say let me see your debt and that separates the rich from the poor. If your married you are poor or going to be poor after the divorce. I remember as a kid I realized why Scrooge Mcduck and Glumgold were rich. They never got married. They should show the poor people were married, kids ec.
A wise individual understands that accumulating wealth necessitates prudent investments and informed guidance in the financial market, particularly during a stock market crash. While the stock market presents opportunities for maximizing profits, successfully navigating it requires skill and expertise.
Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k just in a matter of weeks/couple months, so I think there are alot of wealth transfer in this downtime if you know where to look.
I agree, having the right plan is priceless. My portfolio is well-suited for any market and recently doubled since early last year. My CFP and I are aiming for a seven-figure goal, which might take another year to achieve.
@@DonaldStokes-p Great gains! Can you share your CFP details? I'm gaining more cash flow from my job and want to invest in stocks and alternative assets to build wealth.
My CFA ’’ Sharon Ann Meny, a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market..
Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her resume.
I found it interesting how he defines the word "rich" - if you're not stressed about money and spend less than what you make you're pretty much set. I know that would be the dream for a lot of people but sometimes we want a little bit more than that, so we work a bit more and sacrifice time with our loved ones in order to provide. I believe the best way to buy your time back would be to own a couple of rental properties that you can rent out and live off of. It does take discipline but it's definitely worth it.
9:27 he probably didn’t GET rich 3x because of diversification, but rather the opposite. Diversification makes sense if you want to STAY rich (slowly become richer)
Why don't you do some research instead of guessing? He's said in multiple interviews that he lost most of his money because he didn't diversify when he was younger.
There is obviously a compounding effect in the very long term for large capital, but is not "automatic", and with the wrong strategies you can even lose more than you have. I've been working on expanding my $210K portfolio for a while, and my primary obstacle is the lack of clear entry and exit strategies. Any advice on this matter would be greatly appreciated
There are experts with strategies that generate income 10x than the average or normal investor who is trying to build a portfolio. You just have to dig deeper and find such experts
I stopped listening and taking financial advise from these UA-camrs, because at the end of the day, I end up with a bunch of confusing stocks without knowing when to take profit, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
@@mariaguerrero08This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? I'm in dire need of proper portfolio allocation
Definition of Wealth: Galloway defines wealth as having passive income that exceeds your expenses, contrasting different lifestyles to illustrate his point. Power of Compound Interest: He stresses the importance of investing early and the substantial returns that can be achieved through compound interest over time. Focus on Strengths: Galloway advises individuals to focus on their main hustle and excel in it, rather than spreading themselves too thin with side hustles. Diversification is Key: He highlights that diversification protects against market fluctuations, recommending not to invest more than 3% of one’s net worth in any single investment. Eliminating the “Should” Bucket: Achieving economic security allows individuals to prioritise their passions and eliminate obligations they feel they “should” do.
This may be best 15 minute video, TED talk, podcast content all wrapped up with a bow. Truly, sending this to my two teenage boys. It's always time in the market vs timing the market (Warren Buffett).
Great video coverage market trends hint at lower prices, but this could also open doors for smart investments. Despite a possible short-term slump, remember the market's long-term potential. Downturns can be entry points for portfolio expansion. Success lies in informed decisions and strategic planning. Thanks to Shea Ardolf’s insights, daily trade signals, and my dedication to learning, I've been increasing my daily earnings. Kudos to the journey ahead!
The process of trading can be complicated when you have limited knowledge. However, with the right strategy and setups, you can be successful. That's the whole point of investing.
Bitcoin's role as a store of value and its potential for future growth make it an attractive investment option. BTC trading can be a thrilling way to participate in this digital asset's journey.
He is really right about just investing college tuition, put it in a trust where they can't have it for 20 or 30 years and maybe help them with rent for a few years while they find a job or go to community college
I like this guy mostly excellent discussion, but I take exception to that last point. “A majority of wealthy people are really good people.“ From where I sit, most of them vote for tax cuts and vote to enrich themselves at the expense of the rest of society. Unfortunately that’s shortsighted for everyone, including themselves. He might be a good guy, many others might be good, but majority of the wealthy are more concerned about hanging onto their own wealth than anything else.
@@HaleStorm49 Well they got some of it from exploiting others so no they and ____ earned it. Odds are many of those who earned it did not do so on their own!!!
@@donaldlyons17 This is how weasels I'm govt get more power in govt by saying "they didn't do it on their own" Well then I guess the largest corporation on the planet needs more money...the US govt. It's a an evil Jedi mond trick.
Hello you savages. Watch the full episode with Scott here - ua-cam.com/video/gZ5K4iReUnE/v-deo.html Get a Free Sample Pack of all LMNT Flavours with your first box at www.drinklmnt.com/modernwisdom
College use to introduce you to a same family level spouse
Scott was given a free education, he uses it to write books and sell speeches. He gets on corpo boards and shakes them down for DEI cred, basically he is a HACK.
"Building wealth is like climbing a mountain; investing is the steady ascent, retirement is the summit."
Great analogy! Climbing toward retirement takes effort, but the financial freedom at the top is worth it.
Great point, With my adviser’s help, I’ve climbed the financial ladder, making informed decisions that support my retirement goals.
Great insight! I'd love to meet a financial adviser who can help me climb the financial ladder effectively.
My CFA NICOLE ANASTASIA PLUMLEE a renowned figure in her line of work. I recommend researching her credentials further.
Thank you for this amazing tip. I just looked the name up and wrote her.
1. Definition of Wealth: Scott Galloway defines being "rich" as having passive income that exceeds your expenses. This concept emphasizes financial security and the ability to live without financial stress.
2. Focus on Main Hustle: Galloway advises against prolonged side hustles, suggesting that dedicating extra effort to a primary job can yield greater returns.
Importance of Time: He highlights the power of compound interest and urges young people to invest early, emphasizing that time is a significant advantage.
3. Control Spending: Galloway stresses the importance of controlling spending and being disciplined about saving and investing in low-cost ETFs and index funds.
4. Diversification: He underscores the necessity of diversification to protect against market dynamics and reduce financial and emotional risks, recommending not to invest more than 3% of net worth in any single investment.
Thanks for the amazing video. I've been collecting wisdom like this in my channel as well!
So basically get a job, which most people do anyway out of necessity - and control your spending? Wow, genius level amazing advice man. Thanks for providing this summary, I won't watch this useless video with a hyperbolic title
@@nKarje Just because you supposedly understand all of this already that doesn't mean everyone else does. Keep acting superior if that makes you feel good, but don't feel the need to bitch about other people explaining it in a way that teaches others.
To be clear, the investment tips is by no means something EVERYONE knows already. You just had a half-decent education on the topic.
@@nKarjeexactly the principles of Dave Ramsey baby steps. It seems simple cause… well it is. And it works.
@@nKarje There’s a saying that goes something like “All the most important financial advice can fit on the back of a post card”.
Nevertheless everybody needs a bit of financial advisory at least sometimes.
Bullshit if you want to learn real wisdom Go checkout the millionaire fastlane by mj demarco
1. Focus
2. Find what you are good at
3. Double down on it
4. Diversification
5. Stoicism
6. Save more than you spend and less than you make
7. Save and appreciate how powerful time and compound interest is
I know how to make you rich, that's the good news, the bad news is... Slowly
The whole point of wealth for me is freedom. My magic number in my mind is 5 million needed at 65 to not worry about anything. Am i better off investing a good portion of my income into stocks or real estate to achieve this goal?
Varied sources of income is wise and especially living within your means. My net worth is $2M and I can pay my bills with no stress, but I don't live like I have that. I have no complaints.
Money advice is subjective, what works for you may not work for someone else, but it's always better to plan. I'm quite lucky exposed to personal finance at an early age, started job 19, bought first home 28, got laid-off work 36 amid covid-outbreak, and at once I consulted an advisor to handle growing my finance. As of today, I'm only 25% short of my $1m goal after subsequent investments.
Could you possibly recommend a CFA you've consulted with?
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Melissa Terri Swayne’’ for about two years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
I appreciate this. After curiously searching her name online and reviewing her credentials, I'm quite impressed. I've contacted her as I could use all the help I can get. A call has been scheduled.
The most simplistic and effective statement I ever heard is “It’s not necessarily how much money you MAKE, it’s how much money you KEEP.”
Creating wealth entails establishing positive routines, I had only $78k to my name at 42 when I first woke up to this reality. I chose the stock market as a medium of growth, got an excellent financial advisor, Financial management is a vital subject that many avoid, often leading to future regrets.
Indeed, currently I'm managing my finances wisely and being frugal. In the last 19 months, my investments grew by 43%, adding over $500K in profits. However, I've had losses in the past month, making me anxious. I'm unsure whether to sell everything or wait.
No doubt, having the right plan is invaluable, my portfolio is well-matched for every season of the market and recently hit 100% rise from early last year. I and my CFP are working on a 7 figure ballpark goal, tho this could take till Q3 2024.
This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation
She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.
Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Instead of trying to predict and prognosticate the stability of the market and precisely when the change is going to happen, a better strategy is simply having a portfolio that’s well prepared for any eventually, that’s how some folks' been averaging 150K every 7week these past 4months according to Bloomberg.
Starting early is simply the best way of getting ahead to build wealth , investing remains a priority . I learnt from my last year's experience , I am able to build a suitable life because I invested early ahead this time .
Some individuals minimize the importance of counsel until they make regrettable mistakes. A few summers ago, following a protracted divorce, I needed a significant push to keep my firm afloat. I looked for licensed advisors and found someone with the highest qualifications. She has contributed to my reserve increasing from $275k to $850k despite inflation.
How can I participate in this? I sincerely aspire to establish a secure financlal future and i'm eager to participate. Who is the driving force behind your success?
Thanks a lot for this suggestion. I needed this myself, I looked her up, and I have sent her an email. I hope she gets back to me soon.
Investments are the roots of financial security; the deeper they grow, the stronger your future will be, One lesson I've learnt from billionaires is to always put your money to work, and diversifying your investments. I'm planning to invest about $200k of my savings in stocks this year, and I hope I make profits.
You are right. The best approach I feel is to diversify investments by spreading investments across different asset classes like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown.
That makes sense. I’ve been using a financial market expert for two years now and I own a six-figure diversified portfolio from investing in stocks. I want to diversify more this year, though.
@@PhilipDunk Could you kindly elaborate on the advisor's background and qualifications?
'Sophie Lynn Carrabus is the licensed advisor I use and i'm just putting this out here because you asked. You can Just search the name. You’d find necessary details to work with to set up an appointment.
Thanks a lot for this suggestion. I needed this myself, I looked her up, and I have sent her an email. I hope she gets back to me soon.
Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Instead of trying to predict and prognosticate the stability of the market and precisely when the change is going to happen, a better strategy is simply having a portfolio that’s well prepared for any eventually, that’s how some folks' been averaging 150K every 7week these past 4months according to Bloomberg.
The professionals presently control the market since they not only have the essential business strategy but also have access to inside information that the general public is not aware of.
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
Please can you leave the info of your lnvestment advsor here? I’m in dire need for one.
My CFA Mary Elizabeth Fugelsang a renowned figure in her line of work. I recommend researching her credentials further... She has many years of experience and is a valuable resource for anyone looking to navigate the financial market
I just googled her now and I'm really impressed with her credentials. I reached out to her since I need all the assistance I can get.
Every crash/collapse brings with it an equivalent market chance if you are early informed and equipped, I've seen folks amass up to $1m amid economy crisis, and even pull it off easily in favorable conditions. Unequivocally, the collapse is getting somebody somewhere rich.
I do not disagree, there are strategies that could be put in place for solid gains regardless of economy or market condition, but such execution are usually carried out by investment experts with experience since the 08' crash
The issue is people have the "I want to do it myself mentality" but not equipped enough for a crash, hence get burnt. Ideally, advisors are reps for investing jobs, and at first-hand encounter, my portfolio has yielded over 300% since 2020 just after the pandemic to date.
i'm blown away! mind sharing more info please? i am a young adult living in Miami where i've encountered several millionaires, and my goal is to become one as well.
NICOLE ANASTASIA PLUMLEE' is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
I just curiously searched her up, and I have sent her an email. I hope she gets back to me soon. Thank you
I Hit 110k today. Thank you for all the knowledge and nuggets you had thrown my way over the last months. Started last month 2024. Financial education is indeed required for more than 70% of the society in the country as very few are literate on the subject. thanks to Charlotte Grace Miller for helping me achieve this
The very first time we tried, we invested $1400 and after a week, we received $5230. That really helped us a lot to pay up our bills.
I'm surprised that you just mentioned and recommended Charlotte Miller, I met her at a conference in 2018 and we have been working together ever since.
I'm new at this, please how can I reach her?
I just withdrew my profits a week ago, To be honest it was an amazing feeling when the profits hits my wallet I wish I could reinvest but, too much bills
she's mostly on TikToks, using the user name
As a home owner I’ve diversified into other sectors that have been less chaotic. With a good investment plan that ensures steady income without any doubts I and my wife are prepared for a well organized retirement. I started investing in stocks 2 years ago and so far, I am making a good yield on my dividend. I've learned that getting a good return is very much attainable only if you know your way around it.
Rentals have not worked for me also. Most of my tenants are problematic and it’s draining. How were you able to diversify?
It's totally far from luck. Sir Jonas Herman, a CFA has consistently outperformed the market ever since I got on his program. He has continued to put my $35k to good use with market driven strategies making me an optimal return of over $121k
That's your view. In my experience, there is no such formula, it is nearly impossible to achieve success with stocks. It’s all just gambling.
49 here, I hope it's not too late for me to get started. How can I get acquainted with his service?
Hermanw jonas that’s his gmailokay
Investors should always put their cash to work, especially In 2025 if we want financial freedom. We'll start to see more market diversification. I'm hoping to invest about $350k of my savings in stocks against next year. Hope to make millions in 2025
Since risk is at an all-time high right now, perhaps you should be a little more patient and return when it has decreased. Alternatively, you can consult a trained financial expert for strategy.
Yes true, I have been in touch with a brokerage Advisor. With an initial starting reserve of $80k, my advisor chooses the entry and exit commands for my portfolio, which has grown to approximately $550k.
I’ve been looking to switch to an advisor for a while now. Any help pointing me to who your advisor is?
“Diana Casteel Lynch” is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
I searched for her full name online, found her page, and sent an email to schedule a meeting. Hopefully, she responds soon. Thank you
As an investing enthusiast, I often wonder how top level investors are able to become millionaires off investing. . I’ve been sitting on over $545K equity from a home sale and I’m not sure where to go from here, is it a good time to buy into stocks or do I wait for another opportunity?
Invest in S&P 500 ETF, for as long as possible. Do it as often as you can. Try not to withdraw this money and let compounding do its work. Prioritize patience and a long-term perspective most importantly consider financial advisory for informed buying and selling decisions.
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? I'm in dire need of proper portfolio allocation
Viviana Marisa Coelho is her name. She is regarded as a genius in her area and works for Empower Financial Services. By looking her up online, you can quickly verify her level of experience. She is well knowledgeable about financial markets.
Managed accounts make no sense to me, especially when they do not do as well over the long term - even over 10 years it’s highly unlikely to see more growth from a managed fund. This is due to the cost in fees reducing the profits. Either a global fund, or S & P 500 are good options for passive income. There are more options for more active income ( rentals)
The recession is here, where do investors look at for wealth gains now? mortgage rates still on the rise with higher imports and lower exports, yet the Fed is to lessen cost. Something will eventually break if they keep raising interests and quantitative tightening.....
if you want to hold on to cash, put it in a safe deposit box, if you want assets, buy things people need in a shtf society, food, ammo, wood, water filters, tools, have a skill at building and fixing
Agreed, I've always delegated my excesses to a pro, ever since suffering portfolio steep-down amid covid-19 outbreak. As of today, I'm semi-retired with barely 25% short of my $1m retirement goal after subsequent investments, and only work 7.5 hours a week.6
I could really use the expertise of this Consultant
My CFA Julianne Iwersen-Niemann a renowned figure in her line of work. I recommend researching her credentials further... She has many years of experience and is a valuable resource for anyone looking to navigate the financial market..
Thank you for this amazing tip. I just looked up Julianne, wrote her explaining my financial market goals and scheduled a call
I just sold a property in Portland and I'm thinking to put the cash in stocks, I know everyone is saying it’s ripe enough, but Is this a good time to buy stocks? How long until a full recovery? How are other people in the same market raking in over $200k gains with months, I'm really just confused at this point.
Yes, a good number of folks are raking in huge 6 figure gains in this downtrend, but such strategies are mostly successfully executed by folks with in depth market knowledge.
It all depends on how long you're willing to hold for, stocks might likely tank further, but making serious gains in this downtrend wouldn't be a problem if you're a pro.Reason I decided to work closely with an brokerage-adviser ever since the market got really tensed and the pressure became so much(I should be retiring in 17months) so I've had an brokerage-adviser guide me through the chaos, its been 9months and counting and I've made approx. 650K net from all of my holdings.
Glad to have stumbled on this comment, Please who is the consultant that assist you and if you don't mind, how do I get in touch with them?
Elisse Laparche Ewing is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.
The stock market can be a great source of passive income. I've heard of investors making over $40K a month from it. I'm ready to get started, but I want to avoid mistakes-are there any safer bets to consider?
Agreed, despite my rookie knowledge of investing, I have a financial advisor who did the trick in a bit more than 6 months after a lump sum capital of $500k, and I've so far made a fortune. I'm now buying real estates, gold and silver as advised by my FA.
I've been considering but haven't been proactive. Can you recommend your advisor? Could really use some assistance.
Marissa Lynn Babula is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.
Unless you are approaching retirement do not use a financial advisor. What a complete rip off. Put your money in index funds and let cost averaging and compounding interest do its job. Anyone that says they can pick stocks is a liar. Only 20% of pro investors beat the s&p 500 every year and just because they beat it this year doesn't mean they are doing it next year. Look at Catherine Wood. Everyone thought she was a genius over at Ark invest. Well her ETF this year is only up 8% while the s&p is up 25%. On top of that you have to pay a management fee of .75%... Still lower than some financial advisors but not as cheap as the .03% I pay on my s&p 500 ETF. Put your money in the s&p500, do it consistently, and do it for many years and become a millionaire. It's that simple. Want some higher risk? Put some in a high growth ETF or NASDAQ ETF and then you can literally say "on average I beat the s&p500 every year". Think that's too slow? My money grew by over 30% last year just being in simple index funds. My higher risk runs grew by over 50%. And I didn't pay any financial advisor a penny.
Transfer of wealth usually occur during market crash, so the more stocks drop, the more I buy, in the meanwhile I'm just focused on making better investments and earning more as recession fear increases, apparently there are strategies to 3x gains in this present market cos I read of someone that pulled a profit of $350k within 6months, and it would really help if you could make a video covering these strategies.
Understanding personal finances and investing will most likely lead to greater financial independence. By being knowledgeable about money and investing, individuals can make informed decisions about how to save, spend, and invest their money or you could hire a financial expert.
I totally agree; I am 66 years old, recently retired, with approximately $1.2 million in external retirement funds. I am debt free and have very little money in retirement funds compared to the total value of my portfolio over the past three years. To be honest, I didn't do all this alone, but with the help of a financial advisor. Having one is currently the best way to trade in the stock market, especially for people nearing retirement.
Is there any chance you could recommend who you work with? I've wanted to make this switch for a very long time now, but I've been very hesitant about. I'll appreciate any recommendation.
'Carol Vivian Constable is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.
My 40 year old self wishes I had this 10 years ago. The full is gold. There are many ways to achieve financial freedom but if u focus on the big rocks he outlines you’ll be happy when u get there. I am killing it now in all areas of life.
Pass the ideas onto your kids. Be the guy who puts money each month into an index fund for them so they can be debt free. Show them compound interest and the peace of mind of living below their means.
The truest thing Scott said, "The majority of self-made people are good people. The reason why is, if you want to be wealthy, you have to collect allies along the way. People want to have to put you in a room of opportunities... The only way it's going to happen is if you show generosity and character from an early age."
It's not the self made people we have to worry about. It's their children.
I know a few rich people with questionable character and morals.
@@The27thSwhy do you have to "worry" about them?
@jumboshrimps4498 because they exist in a space divorced from accountability and community. They can fail and fail and fail and still get bailed out. They mistake their privilege for competence and expertise, and their families' political connections allow them to inherit power without any sense of responsibility to stakeholders.
@@The27thS What does that have to do with you? If my kids want to waste the millions I give them, it's none of your business. Where does your sense of entitlement come from?
In these uncertain times, it's more important than ever to have a solid understanding of how to manage your finances, invest wisely and navigate economic downturns. But my primary concern is how to grow my reserve of $240k which has been sitting duck since forever with zero to no gains, sure I'm all in on the long term game, but with my savings are lying waste to inflation and my portfolio losing gains everyday, I need a remedy.
If you need advice, consider speaking with a financial advisor. Don't get me wrong, you can do it on your own, but financial advisors have a lot more knowledge and expertise in this area.
You are completely right, Advisors have information and paths that are not disclosed to the public.. I profited £760k in 2023 under the tutelage of my Fiduciary-counsellor. Am I selling? Absolutely not.. I am going to sit back and observe how this all plays out.
That's impressive! I could really use the expertise of this manager for my dwindling portfolio. Who’s the professional guiding you?
Her name is Annette Christine Conte can't divulge much. Most likely, the internet should have her basic info, you can research if you like
Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her.
I’ve been diligently working, saving and contributing towards financial freedom and early retirement, but the economy so far since the pandemic has eaten away most of my portfolio, what I want to know is this: Do I keep contributing to my portfolio in these unstable markets or do I look into alternative sectors.
Just try to diversify your portfolio to other market sectors, that way your investment is balanced and you don’t get to make so much losses.
Due to my demanding job, I lack the time to thoroughly assess my investments and analyze individual stocks. Consequently, for the past seven years, I have enlisted the services of a fiduciary who actively manages my portfolio to adapt to the current market conditions. This strategy has allowed me to navigate the financial landscape successfully, making informed decisions on when to buy and sell. Perhaps you should consider a similar approach.
I’ve been looking to switch to an advisor for a while now. Any help pointing me to who your advisor is?
Finding financial advisors like Carol Vivian Constable who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
Thanks for sharing, I just liquidated some of my funds to invest in the stock market, I will need every help I can get.
I am certain that the topics in this video are more relevant to me than to the average person, but regardless, I wrote almost 2,000 words of notes on this 15-minute clip alone. The amount of wisdom and good advice shared in this video is unbelievable! We are so lucky to have Scott Galloway.
So what makes you different to the average person?
@@michaelholmes8848His ability to extract 2000 words from 15 minute clip, I guess
The simple thing about life is that 1% listen and actually do what those who have lived it and don’t. All these facts he’s spoken will not be done by 99%. And it’s this 99% that will cry and complain until their grave why they never made it.
Your likelihood to be one of the 99% is 99%
@@Jaapst Yeah but some people online like to focus on what they want and not what is most likely to happen....
I invest 20% of my income in dividen paying stocks. I am a security guard at a hospital. I have a side hustle that I'm hoping I can take full time when I retire.
If you’re in wealth building stage it’s better to avoid dividends paying stocks and focus on growth index funds
@@carlyndolphin This. Invest into a bit more risky funds since time allows you to go through some losses at the beginning and then when you're close to retiring transition into dividend stocks or just have a good lump sum from the other method and withdraw from it periodically.
Not financial advise, solely my opinion and you should either go to a qualified financial advisor since you situation would be different from mine and or do your own research on the topic.
@@carlyndolphinthe risk of investing in no dividend stocks is that if they go under due to poor management you've got nothing.
At least with dividends you'll have been paid something.
I was doing this but realized my investment horizon was way to long for this. I switched to growth (low cost) etfs now. Dividend paying stocks are good closer to retirement but get into growth and contribute for the long term in tax efficient accounts.
Jack Bogle. You're welcome.
Older you get the less you should want....pay all your shit off and enjoy building a bank account and be content with WHAT YOU HAVE. Focus on the congruency and net positive of your physical health, mental health and improving your relationships. Money is a catalyst not the main goal of success.
Scott Galloway is one of the funniest people on the internet right now! And he makes learning about economics entertaining!
So much wisdom compressed here. About managing what you need to live, the downside is that I doubt someone could learn this kind of stuff from someone else talking.
Not true, I've had no real life role models for my FIRE journey. Learned from YT, podcasts and books.
Your commitment to educating your audience is truly admirable. We all aspire to attain financial stability and improve our lives. This goal can be achieved through smart investments, mindful spending, and prudent budgeting. I'm thankful for realizing the significance of striving for financial freedom from a young age.
Even though I engage in investing, I feel disheartened by my lack of expertise in assessing the performance of individual companies and determining the optimal timing for stock purchases. The erosion of my financial reserves due to inflation adds to my concerns. At this point, I require precise market trajectory information, but I find myself unsure about the appropriate course of action.
I wholeheartedly concur, which is why I opt to entrust the day-to-day decision-making to an investing coach. With their specialized knowledge and extensive research, it is highly unlikely for them to underperform. Their expertise is centered around harnessing the asymmetrical potential of risks while also employing measures to safeguard against unfavorable outcomes. I have been collaborating with an investment coach for more than two years
How do I reach out to a financial advisor, my portfolio has been struggling since 2022 and I’ve been holding on by the skin of my teeth.
Rebecca Nassar Dunne is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.
None of these productivity folks seems to grasp its 2500 quid to rent an apartment in Dublin or London. We are fucked because the generation before us pulled the ladder up behind them. An Average salary doesnt get you an average house in 2024. You need a great salary to get a shit house.
Start small, live healthier improve your mindset and remove victim mentality ❤👊🏾
Exactly - also applies to most of the South East of England, places like Cambridge, Oxford, coastal Cornwall. Diabolical just how bad the housing situation is in the UK and Ireland especially, but also the Western world at large.
@@StartledNewt i am too young to even understand roughly what it takes to own a property let alone in a high income city
@@mizzoscreedbymichaelngwana hahahah. get up out of that.
I hear you, but as a member of “the generation before”, all I can say is we bought the “things can only get better bullshit” of Blair. Yes we saw house prices spike as the newly arriving demand massively outstripped the supply of houses. Yes we further tipped the balance by buying houses as retirement vehicles after brown wrecked the pension system. And yes all sorts of new and weird family dynamics were encouraged resulting in a flood of broken homes, which further ramped up demand. Suddenly parents with a child needed 2x2 bedroom homes.
So sure, blame us if you want… but let’s see if your generation don’t vote for Blair without the flair and green light the continuation of open border, broken family, UK disinvestment welfarism that started the whole ball rolling.
One of the best financial planning videos I’ve ever seen!! And I’ve seen hundreds. Scott is correct on every account.
It comes from the basis that there will always be endless growth 🙄
My opinion for young people is you need to be both .a dividend investor and a growth investor, and you can let the market determine your allocation. i use an FA diane sarah olson. For example if I just got a 1000% gain on Tesla and then pulled 85% of the money out and went into a load of more stable dividend stocks like AT & T. So I would say diversify, but also use those growth opportunities to build the capital to invest in the dividend payers (or in cash flowing real estate)
The real money is made from holding stocks, not from trying to predict the tops and bottoms of market cycles.
Thanks for sharing, I just looked her up on the web because this is equally important to me, and I would say she really has an impressive background in investing. I will write her an e-mail shortly.
I’d choose expertise any day because finding the right balance between investing and living is very important to me..
I understand that income vs. spend is a useful stat, but the quality of life of his friend making $3M-$14M isn't even in the same universe as most. Regardless of stress about not saving money I can't imagine that any aspect of his life falls short. Plus if he decides to start saving at 55...60...65...he'll still be better off than 99% while having spent an ungodly amount of money in his life. Love Scott, but don't understand this comparison.
For sure, but hedonistic adaptation is also real AF so for him it doesn’t necessarily mean a lot.
@@user-ee1fn4vt8b Since it's Scott defining rich as that, there's nothing wrong with it. And if it's solely a "he feels stressed about the spending habits so he's not really rich no matter how much he makes", you're completely right.
However, high income just correlates to so many amazing things (e.g. life expectancy, success of children, happiness, etc.), I just feel like it's insincere to say this dude is going to be more "stressed" about debt while sipping on vintage whiskey in the Hamptons than someone who is making more than they spend. Just my two cents.
@@AlexMcDanielsAbsolutely fair. But he can also afford to go on a full spiritual journey to fix that mindset and probably not end up on the street. I'd imagine it's probably a lot more difficult to pull someone out of poverty or into a higher income bracket, but who knows, fixing one's mental state is a journey too.
Wow dudes in this comment thread don’t get it. Yes, Scott’s principle applies regardless of income bracket. If you spend more than you make you are mathematically broke and should be stressed about money. We get it. What the OG commentator is saying is within that principle income brackets are not analogous.
Focusing on the balanced book between someone making $75k and 3.5 million misses the difference in lived experience, spending power, quality of life, opportunity, access, leverage, medical care, move-ability, and much much more. Hell, the millionaire also has many outlets through buying power to pay someone else to solve their problems via lawyers, accountants, financial advisors etc while the person making $75k has to solve all those problems themselves and within their family.
Don’t don’t get lost in the principle folks. You can learn the lesson without missing the forest from the trees, especially since most of you are probably NOT millionaires.
Same here.
I like this dude, but as soon as someone
Says “passive income” the advice is a joke.
I'm glad I was introduced to forex trading and got the best teacher and mentor who helped me understand the financial market I'm grateful to Mrs Liam🙏
I am from Miami United State🇺🇸, The difference Mrs Lucy Mary Liam makes in my life is second to none it's definitely a life changing kindness. I really appreciate her effort in my life.
I invested $2,000 and the trade in one month making close to $20,000. I wonder where she got her analysis.
Seeing my broker talked on UA-cam, This was exactly how I got the recommendation about her for the past years. Hit $200k today. Thank you for all the knowledge and nuggets you had thrown my way over the last months. Started with $20k in July 2024
I'm from Brazil 🇧🇷 I and two other of my friends tried her immediately we testified her performing wonders.
Her good strategies of making large amount weekly profits for her clients are totally outstanding. Investing my $1500 with doubt and withdrawing $12,300 with happiness. I ❤️ you Lucy.
This is possibly the best video I’ve seen in a decade. I wish I was taught this wisdom at school 20 years ago. If only I could hit a rewind button….
The fact is we all had heard something in these lines years ago when we were in our 20s but we weren't equipped with a fully formed brain which could fathom such words and we decided to take what we wanted to hear at that point in life.
Incredible. I ignored this video in my feed for months. Glad I took the decision to watch in full.
I love what he said at 13:05. The wealthiest people I’ve come across historically have been kindest to me
Are they kind when they refuse to match your check with inflation?
@@thedog5k I work for the government currently and no they did not. I’ve had my car broken into and vandalized a few times though living in low income areas. Sometimes they didn’t even bother to steal anything. Just wanted to break a window for fun. Can’t say that’s ever happened to me in a nice area. Ask any real estate investor if the tenants in their low income homes treat the property the same way as tenants in higher income homes
@@christians131 Rich people not being ooga booga's doesn't mean they are good or even fair. Big difference.
@@thedog5k Are you implying that people who earn lower incomes are traditionally “good” or “fair?” On a number of occasions I’ve seen poorer tenants skipping rent, payments, childcare costs, etc but they always had money for pot, alcohol, fast food, nice clothes, etc. Doesn’t seem very good or fair to break a contract and neglect your child just for meaningless instant gratification
This is the one thing he said that I disagree with. They may be nice to people in person but most if not all billionaires absolutely got there off the backs of others. Even Warren Buffet scared whole industries and ruined many lives to make a shit ton of money and he is one of the nicest people around. My opinion is you may be able to be very well off but if you are fair on the way up you will never be a billionaire.
"Greatness and wealth is in the agency of others". So true
I freaking needed this today. Been feeling like a weirdo living like a poor man and investing instead of upgrading the lifestyle while everyone around me is vacationing and squeezing their finances.
I’m fine with living far below my means.
So many of my friends spend spend spend. It’s sad to watch actually.
Galloway is seriously such a refreshing and self aware person to listen
I was a stay at Home mom with no money in my IRA or any savings of my own, which was scary at 53 years of age. Three years ago I got a part time job and save everything I make. After 3 years, I am 56 yo and have put $9,000 in an IRA and $40,000 in my portfolio with CFA, Abby Joseph Cohen. Since the goal of getting a job was to invest for retirement and NOT up my lifestyle, I was able to scale this quickly to $150,000. If I can do this in a year, anyone can.
Thanks Mate, the sad truth is that no one has a clue, we all react to what happens as it happens and try to analyse it but can’t predict an iota of what is going to unfold in the markets… content creators are like amplifiers, when times are good they affirm it and try to tell you why it’s good and that it’s looking bullish but then all of a sudden the market turns bearish and everyone affirms it again and try to analyse why… it’s so sad that many are so powerless and it's not about guessing the market's next move; it's about playing it smart and steady during trading...managed to grow a nest egg of around 23k to a decent 119k$ in the space of a few months... I'm especially grateful to Abby Joseph Cohen Service, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.
How do I reach out to her, if you don't mind me asking?
Been debt free for two years thanks to Abby Joseph Cohen Services. So sad to see my friends in their 40s with car loans, mortgages and credit card debt.
Wtf is this, advertising?
@@chrisr326 i think so, mad world
Don’t conflate wealth with having a lot of money. Financial security is a must but family, friends, a healthy lifestyle and a true joy if living is true wealth.
Get a job that makes way more money than you need to live (100k+) invest as much as you possibly can in an S&P 500 mutual fund.. and then just wait. There's no realistic 'get rich quick' scheme.. but this is the way to realistically build wealth over time.
Ya one minute now and I'll just go to the nearest job center and pick myself up a 100k per year job
Invest in Tesla & Bitcoin.
So out of touch,u dont just get a 100k job like that buddy come back to earth
@@africaninvestor7032no shit sherlock learn the skills
@adi-xk1sv Goodluck buddy.
i like what he was saying about the side hustle thing. in my experience, i knew nothing about lawn care, but i did it as a side hustle. it failed, although i made a lot of money, i couldn’t focus 100% on it. i know that sounds like an oxymoron. but i learned what not to do in business, and what to do in business. the freedom of working for yourself was sweet for a point. but there’s a lot of costs. i didn’t give up, but i sold all my old equipment, went back to trucking, making enough to take care of my other investments and then some. during this whole process of starting a business first time, i learned a LOT. it is not easy, but it ain’t hard either. we gotta find something we are good at, take risks, but have a back up
Everything he is saying I’ve been implementing with my financial advisor for two years. If I stick to my plan I’ll have $5mil at retirement = roughly $250k PA interest to live off.
“Market dynamics will trump individual performance most of the time.” 🔥🔥🔥
Scott Galloway, provides excellent advice. I hope he continues to do this for a long long long time. Thank you again.
Bro someone needs to fix all these bots/scammers on financial videos, its insane how common they are
Gotta be the best & most concise encapsulation of what true ‘wealth’ is I’ve come across
Thanks for the tips.
I’m broken maybe, cuz hearing about “selling companies” for millions is just depressing. Messed my life up.
Who can invest when cost of a home is like 8x what people make annually? So it’s frustrating watching this video too. But thank you for trying to share how you got success. ❤️
I always find it amazing that there are people who make more in a year than most will in their lifetime, and they are broke.
Glad he smacked down “side hustles.” It’s good in some contexts but people who fetishize it vs putting that extra effort into your main hustle could make it more bearable. If it can’t, you’re probably best moving on quickly.
Made sense in my experience. I would have doubled down o. My business it would have been greater and more stabler.
You are a wise and thoughtful man. I showed this video to my son and my daughter.
i admire your dedication to educating your audience. We all aim for financial stability and a better life. Achieving this is possible through wise investments, frugal living, and careful budgeting. I'm grateful that I learned the importance of working hard for financial freedom at a young age.
Another awesome talks, guys, keep it up. I love Scott Galloway, he is so pragmatic and real.
hes a typical boomer....hes full of himself. dont be fooled.
I love Scott the way he breaks down wealth in the beginning is perfect!
I recommend everyone to find the book titled 25 money secrets from Donald Trump, It changed my life.
I love what you said about having a long term view so much. Being in the market, even if it's the S&P, demands a lot of patience. I'm not close to being a great investor, but having a long term view has definitely helped me pr
thanks to 4ra and their amazing promos, my IPL experience this year is next level! never had so much fun and excitement during the IPL season before. can’t wait for more!
Bitcoin is gearing up for a monumental leap to new all- time highs.🚨
this is definitely superb! think you could suggest any professional/advisors i can get on the phone with??
i'm in my fifth trade with him and it has been super.
On telegra..?
Yes! Gained massively from him
The integration of crypto in Ecommerce can create new revenue streams leading to more innovation in the industry. Would ensures greater transparency
Finch's partnership with 4ra? A perfect match. Brings credibility and loads of fun!
I like this guy. Makes a ton of a sense and very humble and authentic.
When Finch talks, bettors listen. His promos on 4RA make so much sense!
Not an expert but Ive made 6 figs about 3 years,as employee I would say wealth is extremely attainable making 6 fig but you have to sacrifice.
Yeah, man 4ra’s explanations are so clear. even newbies can start easily now.
I love that definition: my passive income is greater than my burn (my expenses). I will write this down
Every time i see the new 4ra promo, i feel like i need to place another bet! it’s just so enticing, can’t resist trying my luck again and again.
There’s always one off’s here and there but when I look around at the people in their 20’s and 30’s that are killing it, it’s not simply because of “hard work”. Not that those individuals aren’t grinding but they all have one big catalyst included in their story that is propelling them. Whether that be a good chunk of money handed down to them or their parents opening a door in whatever industry they’re in to fast track their careers. I haven’t done everything perfect in my 26 years of life but I’ve worked my ass off and have created a name for myself in my given industry, but when you pay 2,000$ a month on rent and another $500 vehicle payment on top of groceries and everything else just to live your life it’s hard to get going. I’ve always said that it’s really easy in life to make money once you have money but it’s tough to have money in the first place. Especially when you don’t come from money.
Finch's strategies on 4ra are spot on, bro. Betting on cricket just got a lot smarter!
I just joined 4ra’s fantasy league after seeing the new ad. so pumped! it’s going to be a blast playing along with the IPL matches. who else is in?
Fantastic messages here, how sad so many will miss out on the benefits of this wisdom…
Finally someone is on point. I don't care how much someone makes i always say let me see your debt and that separates the rich from the poor. If your married you are poor or going to be poor after the divorce. I remember as a kid I realized why Scrooge Mcduck and Glumgold were rich. They never got married. They should show the poor people were married, kids ec.
This is great advice. Golden. Live modestly and enjoy the compounding.
A wise individual understands that accumulating wealth necessitates prudent investments and informed guidance in the financial market, particularly during a stock market crash. While the stock market presents opportunities for maximizing profits, successfully navigating it requires skill and expertise.
Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k just in a matter of weeks/couple months, so I think there are alot of wealth transfer in this downtime if you know where to look.
I agree, having the right plan is priceless. My portfolio is well-suited for any market and recently doubled since early last year. My CFP and I are aiming for a seven-figure goal, which might take another year to achieve.
@@DonaldStokes-p Great gains! Can you share your CFP details? I'm gaining more cash flow from my job and want to invest in stocks and alternative assets to build wealth.
My CFA ’’ Sharon Ann Meny, a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market..
Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her resume.
Yes bro, 4RA bets are the easiest and most fun . The interface is smooth and placing bets is a breeze. I'm ready for some action! Who's with me?
I found it interesting how he defines the word "rich" - if you're not stressed about money and spend less than what you make you're pretty much set. I know that would be the dream for a lot of people but sometimes we want a little bit more than that, so we work a bit more and sacrifice time with our loved ones in order to provide. I believe the best way to buy your time back would be to own a couple of rental properties that you can rent out and live off of. It does take discipline but it's definitely worth it.
Very factual, actionable and pragmatic advice!
Dad....rolling around in his quarters...tragically Scottish...omg🤣🤣🤣 you're killing me😂😂😂
Get jacked and get money. Thanks Scott. Apparently he did both and he’s STILL talking.
That's SO true about hanging swimming goggles from the rearview mirror - I always have a spacesuit slung over the backseat just in case...
9:27 he probably didn’t GET rich 3x because of diversification, but rather the opposite. Diversification makes sense if you want to STAY rich (slowly become richer)
Why don't you do some research instead of guessing? He's said in multiple interviews that he lost most of his money because he didn't diversify when he was younger.
Just saw 4ra’s new IPL event, and it’s incredible! can’t wait to get involved.
Absolute gold right here from Scott 2:20
There is obviously a compounding effect in the very long term for large capital, but is not "automatic", and with the wrong strategies you can even lose more than you have. I've been working on expanding my $210K portfolio for a while, and my primary obstacle is the lack of clear entry and exit strategies. Any advice on this matter would be greatly appreciated
There are experts with strategies that generate income 10x than the average or normal investor who is trying to build a portfolio. You just have to dig deeper and find such experts
I stopped listening and taking financial advise from these UA-camrs, because at the end of the day, I end up with a bunch of confusing stocks without knowing when to take profit, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
@@mariaguerrero08This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? I'm in dire need of proper portfolio allocation
@@mariaguerrero08who is your advisor please, if you don't mind me asking?
Her name is ' Izella Annette Anderson ' Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
Definition of Wealth: Galloway defines wealth as having passive income that exceeds your expenses, contrasting different lifestyles to illustrate his point.
Power of Compound Interest: He stresses the importance of investing early and the substantial returns that can be achieved through compound interest over time.
Focus on Strengths: Galloway advises individuals to focus on their main hustle and excel in it, rather than spreading themselves too thin with side hustles.
Diversification is Key: He highlights that diversification protects against market fluctuations, recommending not to invest more than 3% of one’s net worth in any single investment.
Eliminating the “Should” Bucket: Achieving economic security allows individuals to prioritise their passions and eliminate obligations they feel they “should” do.
This is one of the best pieces of advice I heard in a long time better than any finance book on life and investing!
Liberating…makes perfect sense, I couldn’t agree more!
The betting tips on 4ra are top-notch. it’s like having expert advice.
This may be best 15 minute video, TED talk, podcast content all wrapped up with a bow. Truly, sending this to my two teenage boys. It's always time in the market vs timing the market (Warren Buffett).
If your main hustle is working a dead end job put more time and focus into your side hustle. Great talk fellas!
If you like this, check out Scott's books, "The Algebra of Wealth" and "The Algebra of Happiness".
Fantastic material and incredibly distilled knowledge.
I’ll have to return to this to stay sharp on the material.
Broo, even if we lose, it's gonna be okay because we'll still have Finch. He makes everything more enjoyable.
Something my parents did was a tutor. 1 hour a week focusing on my weak spots in school went miles.
Great video coverage market trends hint at lower prices, but this could also open doors for smart investments. Despite a possible short-term slump, remember the market's long-term potential. Downturns can be entry points for portfolio expansion. Success lies in informed decisions and strategic planning. Thanks to Shea Ardolf’s insights, daily trade signals, and my dedication to learning, I've been increasing my daily earnings. Kudos to the journey ahead!
Shea Ardolf program is widely available online..
The process of trading can be complicated when you have limited knowledge. However, with the right strategy and setups, you can be successful. That's the whole point of investing.
Bitcoin's role as a store of value and its potential for future growth make it an attractive investment option. BTC trading can be a thrilling way to participate in this digital asset's journey.
Crypto has opened doors for global financial inclusion. It's time for a more equitable world!
Profits can be made anytime in the market wether bearish or bullish, with the right signal and strategy it’s all good.
He is really right about just investing college tuition, put it in a trust where they can't have it for 20 or 30 years and maybe help them with rent for a few years while they find a job or go to community college
I like this guy mostly excellent discussion, but I take exception to that last point. “A majority of wealthy people are really good people.“ From where I sit, most of them vote for tax cuts and vote to enrich themselves at the expense of the rest of society. Unfortunately that’s shortsighted for everyone, including themselves. He might be a good guy, many others might be good, but majority of the wealthy are more concerned about hanging onto their own wealth than anything else.
Yes because they earned it. The people who are taking it or coveting it are not
@@HaleStorm49 Well they got some of it from exploiting others so no they and ____ earned it. Odds are many of those who earned it did not do so on their own!!!
@@donaldlyons17 This is how weasels I'm govt get more power in govt by saying "they didn't do it on their own"
Well then I guess the largest corporation on the planet needs more money...the US govt.
It's a an evil Jedi mond trick.
I know, right, bro? Love how Finch brings his game spirit to 4RBT. Makes betting there even more thrilling!
great information. wish i would’ve been taught this when i was in high school. i would’ve soaked up this information.