My Son is an ENTJ, so I am watching this because you recommended he read this book. I’m a ISTP and am so grateful you recommended the book “ How To Win Friends And Influence People”. I know what he is going to say when I suggest he read this “Mom are you serious, you think I need this, I’m not going to waist my time”. He needs to read this book👍 He did tell me, he is going to spend more time helping me learn about investments. He gets so impatient and angry.
Liked this video! Your animations are truly great. Also like that you emphasize the importance of making money work for you, and what compound interest can accomplish for you in the long run. I think you could have talked about the advice regarding taking action and seizing opportunities though. If you would like to hear more about these tips, feel free to watch my top 5 takeaways from The Richest Man In Babylon on my channel.
I am earning average 10% a month, we really need to set aside at least 10% of our earnings and put it to work and let it earn more, then let it continue again and again.
Hi, love your video, well done. couple of question i would like to ask, i don't think you will reply but i will ask anyway. I have started using videoscribe too, but i am having trouble moving characters across the canvas like you do, i watched a couple of video tutorials on morphing, however most of them always bring in the subject "outline" the little guys on your cartoon which i could also find in my videoscribe does not give me the option to tick 'outline' hence i m stuck in my video production to move the little guy across the screen, could you help me out here? shed me some light on how does animation work like when koby moves in from right to left 00:26 , I would really appreciate your reply, thank you in advance
00:26 in the richest man in Babylon has nothing to do with morphing. Just shoot me a mail - you will find the mail address in the about tab > 'For business inquiries'
If you try for 20% interest for 40 years, you probably won't end up with any money at all - 7:25. The book recommends "wise" investments. The book also has a quote; "Gold clingeth to the protection of the cautious owner who invests it under the advice of men wise in its handling". IMO annualized returns of 4% - 8% over long periods of time are stellar returns and while there is some risk, this is wise investing. Also, remember that the compounding effect chart used in the video represents a ONE time investment of 10k. The diligent saver will be contributing over the course of their life. This adds up to numbers that only be dreamed of now. If your company has a 401K plan with a match - enroll now.
Great video/audio on 'The Richest Man in Babylon'! If you're interested in reading the book, I have a PDF copy available for sale. Get instant access to the timeless wisdom of George S. Clason's classic financial guide. Send me a message or comment below for details!
Just live well below your means and put half your income in index funds, retire before you turn 45. That´s what i am doing. I am 31 years old and all my friends bought the most expensive house the bank allowed them to, and 2 expensive cars so it all looks good. They complain that the retirement age is 69 where i live.. I tell them they live in an delusional world, but they think i am the dumb ass broke guy.. Hmm, I got no debt, no single family house payment and no crazy wife.
Thanks for Commenting! :) The Richest Man Of Babylon was one of the first personal finance books I ever read - and today after I read something like ~30 books about how to make money / how to save money - I think that's really solid advice from you. The hardest part for most people seems to be 'not looking rich' Give those people a copy of the book the millionaire next door. I really is an eye opener for those people :)
MinionNoMore Thanks i have not read this one, but I think I will buy it. But the rules of the game is pretty simple. The biggest mistake is people can't tell the difference between an investment and a liabilities. Everyone i know think their single family home is an investment, buying stock is an investment and so on. I rent a house cheaper than what it just cost to pay the morgage on it. everytime something breaks or needs to be maintained I call the sucker to fix it, and so on. If you build everything you have on debt as all young people does, you become a slave to interest. If you live below your means, you earn the interests, thus the money is your slave in stead and makes you financially free at some point depending on your vehicle.
Thanks for watching! :) You can find more videos about 'passive income' and 'personal finance'' in my Playlist: ua-cam.com/video/G4MnrKLphrQ/v-deo.html
I will even sell my Kidneys if you can tell me where I can get 20% interest rate. This only sounds good in theory but in practical life no one offers 20% interest rate for 40 years.
I know that feeling :) but I don't know good options to make a lot of money fast and become a millionaire overnight. Moreover, there are some studies that show the faster you get money the more miserable you will end up. 70 percent of people who win a lottery end up broke in a few years, according to the National Endowment for Financial Education. My recommendation is to learn about passive income (there are 2 passive income videos in my Playlist: ua-cam.com/video/G4MnrKLphrQ/v-deo.html and also read the millionaire next door (or just watch my review). This book is an eye opener. It will show you what it's really like to be a millionaire. -MinionNoMore
Here is how I look at it: time is going to pass and you are going to get older no matter what. You can have money when that time has passed and you are older...or not. Secondly, one million is a far off number, you will start feeling pretty damn good when you hit the 1K mark, 5K amount, better at 25K, and always better the more you have saved.
What happens is as you start to earn interest on your money then keep that interest you earned invested you are earning interest on that interest you have earned. See how quickly the doubling pattern grows 1 2 4 8 16 32 64 128 256 512 1024.... 1 to 1000 in 10 steps... so say you can double your initial investment every five years (+20% per year) after 50 years your initial investment will have grown over 1000 fold, so say you invested 1000 dollars at +20% per year in 50 years time it will have grown to over 1 million.
sami obamaa if you are more concerned with the color of the cartoon characters rather than the lessons this is trying to teach you than you are the racist! Stop being triggered and take ownership you liberal
Great vid. Just one Question: Why was the "poor person" depicted with darker skin, and the rich or the people trying to become rich of lighter skin?😧😲😔😠😡
There is no god but God, and Muhammad is the messenger of God Allah is the Light of the heavens and the earth. His light1 is like a niche in which there is a lamp, the lamp is in a crystal, the crystal is like a shining star, lit from ˹the oil of˺ a blessed olive tree, ˹located˺ neither to the east nor the west,2 whose oil would almost glow, even without being touched by fire. Light upon light! Allah guides whoever He wills to His light. And Allah sets forth parables for humanity. For Allah has ˹perfect˺ knowledge of all things.
Fine when the currency supply is stable. But when currency is being debased (as what caused the fall of Babylon, Athens, Rome, 18th Century France etc etc) you need to find an investment that beats inflation. In today's world (in real stats, not govt. Stats) unless you're getting 8% growth you're going backwards.. and with Govt. manipulation of interest rates were at 0.5%, 0% and in europe even -ve interst rates. We're in an "end times". All this advice is worthless. The barbarians are at the walls.. just take what you can and run.
5% interest is imposible let alone 20% interest is a joke. And even if you get that you have to wait 40 years then you will be the richest man not in Babylon but in the cementery. Truth be told this theory is stupid and useless.
Stop being lazy, yes a 5% in impossible. But 5% in real estate, stocks, or crypto is very common, it’s actually on the lower side. Real Estate can net you roughly 10% a year, stocks can net you 8% a year, personally day trading crypto has net me 440% last year.
You don't have to be the richest, these are principals that anyone can use to build wealth. If it ends up only being 100K over one's life, or when is ready to stop working, that is 100K you wouldn't have otherwise.
![The Richest Man in Babylon: Book Summary [2024] | Book Simplified](http://i.ytimg.com/vi/NV0kRDlUyNo/mqdefault.jpg)
I listen to this atleast every other day to keep my mind straight and focused on being financially free
Me too. I watch it everyday
same here! we can do it
I live my life by this book. It has changed my life.
HOW so?
@@mstwelvedeadlycyns Since I read it, I have replaced almost half of my income. It took 25 months to do so.
@@jasonadkins1455 Thats a huge improvement man, Good luck for your future !
@@manishrana3596
Thank you
@Mazzaroth Maniacs
Not quite. My income has increased by 50%.
My Son is an ENTJ, so I am watching this because you recommended he read this book. I’m a ISTP and am so grateful you recommended the book “ How To Win Friends And Influence People”. I know what he is going to say when I suggest he read this “Mom are you serious, you think I need this, I’m not going to waist my time”. He needs to read this book👍 He did tell me, he is going to spend more time helping me learn about investments. He gets so impatient and angry.
Liked this video! Your animations are truly great. Also like that you emphasize the importance of making money work for you, and what compound interest can accomplish for you in the long run. I think you could have talked about the advice regarding taking action and seizing opportunities though. If you would like to hear more about these tips, feel free to watch my top 5 takeaways from The Richest Man In Babylon on my channel.
Read the book. Hetty Green. The Richest Woman In America.
I have. It’s amazing, and was one smart Quaker !
Hi I love ❤️❤️❤️❤️ your video by the way it’s my birthday 🥳
This is one of my fav books. It's full of great ideas😊
This is such a good and simple explanation.
I loved this video. Thank you!
You explained the story in such a perfect way, keep it up.
Thank you for taking the time to do this! Have a nice day.
Thank you for taking the time watch this! :)
Great book! I just finished reading The Richest Man in Babylon yesterday.
The faces of the characters are so funny lol
Kinda
I am earning average 10% a month, we really need to set aside at least 10% of our earnings and put it to work and let it earn more, then let it continue again and again.
No wonder the government is so rich , whatever we make we pay 35% to the govt first.
Hi, love your video, well done.
couple of question i would like to ask, i don't think you will reply but i will ask anyway.
I have started using videoscribe too, but i am having trouble moving characters across the canvas like you do,
i watched a couple of video tutorials on morphing, however most of them always bring in the subject "outline"
the little guys on your cartoon which i could also find in my videoscribe does not give me the option to tick 'outline' hence i m stuck in my video production to move the little guy across the screen,
could you help me out here? shed me some light on how does animation work like when koby moves in from right to left 00:26 ,
I would really appreciate your reply, thank you in advance
00:26 in the richest man in Babylon has nothing to do with morphing.
Just shoot me a mail - you will find the mail address in the about tab > 'For business inquiries'
I like it. Please let me copy that vedio for Myanmar Voice. Bro
Me Too Had Prob....... But I Have Downloaded An App Which Helps Make These Kinds Of Videos Videos 🤩🤩
@@maanvibachra4104 which app?
My Favorite book yet....!!! Still keep reading it.
Yeah this is also one of my most favorite books.
I think more books should be written in the style of the Richest Man in Babylon
You've probably got loads of money right now. Unless you lack discipline.
If you try for 20% interest for 40 years, you probably won't end up with any money at all - 7:25. The book recommends "wise" investments. The book also has a quote; "Gold clingeth to the protection of the cautious owner who invests it under the advice of men wise in its handling". IMO annualized returns of 4% - 8% over long periods of time are stellar returns and while there is some risk, this is wise investing. Also, remember that the compounding effect chart used in the video represents a ONE time investment of 10k. The diligent saver will be contributing over the course of their life. This adds up to numbers that only be dreamed of now. If your company has a 401K plan with a match - enroll now.
THIS IS AMAZING may God Bless you!
Thanks a lot!
May God bless you as well :)
Great video😊
Great video! Thank you for posting.
Thanks a lot!
There will be some more videos like this in the future.
I love this book. I read it then found this video. Good job on it!
Thanks a lot!
Great video. Thank you.
well made video. much better than the others out there on the same book. subscribed good sir.
Thank you sir! :)
Superb Video.Thank You So Much For Sharing.Keep It Up.
Thanks for Watching!
I will keep it up :)
sek
Very nice!
Why is this channel underrated??
Please tell me creater ??
great... now I gotta find a 20% interest rate!
Definitely the hardest part of it :)
Gamma Master If you have credit card debt start by paying that off first.
btw Dave Ramsey gives the same advice :)
ua-cam.com/video/HCgqQObPzso/v-deo.html
@@MinionNoMore he probably read the book long ago...it IS from the early 1900's...
The easy way is sell food to your community/neighbor like food truck business ...
Whose gonna give you 20% return for 40 years in a row? Lol I'd definitely invest in that
real estate?!!
Elon musk
The problem with living below your means is that it is impossible to do when you're married.😱
It then means that you married the wrong one. Try again.
lol it's not maybe your mentality is and your wife mentality that needs a little changing!!
Great video/audio on 'The Richest Man in Babylon'! If you're interested in reading the book, I have a PDF copy available for sale. Get instant access to the timeless wisdom of George S. Clason's classic financial guide. Send me a message or comment below for details!
What software is he using for animation?
It's great video... could you tell us wich programs do you use and how you animate this wonderful cartoons?
Software is called videoscribe :)
@@MinionNoMore thank you, friend!
Just live well below your means and put half your income in index funds, retire before you turn 45. That´s what i am doing. I am 31 years old and all my friends bought the most expensive house the bank allowed them to, and 2 expensive cars so it all looks good. They complain that the retirement age is 69 where i live.. I tell them they live in an delusional world, but they think i am the dumb ass broke guy.. Hmm, I got no debt, no single family house payment and no crazy wife.
Thanks for Commenting! :)
The Richest Man Of Babylon was one of the first personal finance books I ever read - and today after I read something like ~30 books about how to make money / how to save money - I think that's really solid advice from you. The hardest part for most people seems to be 'not looking rich' Give those people a copy of the book the millionaire next door. I really is an eye opener for those people :)
MinionNoMore Thanks i have not read this one, but I think I will buy it. But the rules of the game is pretty simple. The biggest mistake is people can't tell the difference between an investment and a liabilities. Everyone i know think their single family home is an investment, buying stock is an investment and so on. I rent a house cheaper than what it just cost to pay the morgage on it. everytime something breaks or needs to be maintained I call the sucker to fix it, and so on. If you build everything you have on debt as all young people does, you become a slave to interest. If you live below your means, you earn the interests, thus the money is your slave in stead and makes you financially free at some point depending on your vehicle.
Thanks a lot bro
I'm still reading the book thanks for the spoilers.
Thanks a lot.this is really helpful
Thanks for watching! :)
You can find more videos about 'passive income' and 'personal finance'' in my Playlist: ua-cam.com/video/G4MnrKLphrQ/v-deo.html
Welldone mate
Thanks a lot!
Thank you
Gold
Best explanation ever
thanks a ton!
I will even sell my Kidneys if you can tell me where I can get 20% interest rate. This only sounds good in theory but in practical life no one offers 20% interest rate for 40 years.
Thanks. Where do you put it to earn 20% interest compounding?
awesome video
Thanks a lot!
Very cool.
Hi.great video ! what animation software did you use ?
Thanks!
Software is called VideoScribe - last link in the Decription ;)
MinionNoMore thanks a lot . I really appreciate it
How to invest in mutual fund with safely?
Why the ancient people use dollar sign?
Your funny but yes totally makes sense thanks
Thanks a lot for watching!
damn i don't have 40 years to wait to be a millionaire i want it now
I know that feeling :)
but I don't know good options to make a lot of money fast and become a millionaire overnight.
Moreover, there are some studies that show the faster you get money the more miserable you will end up.
70 percent of people who win a lottery end up broke in a few years, according to the National Endowment for Financial Education.
My recommendation is to learn about passive income (there are 2 passive income videos in my Playlist:
ua-cam.com/video/G4MnrKLphrQ/v-deo.html
and also read the millionaire next door (or just watch my review). This book is an eye opener.
It will show you what it's really like to be a millionaire.
-MinionNoMore
There is no short cut in building wealth.
Here is how I look at it: time is going to pass and you are going to get older no matter what. You can have money when that time has passed and you are older...or not. Secondly, one million is a far off number, you will start feeling pretty damn good when you hit the 1K mark, 5K amount, better at 25K, and always better the more you have saved.
Which banks offer compounding interest/effect?
What happens is as you start to earn interest on your money then keep that interest you earned invested you are earning interest on that interest you have earned. See how quickly the doubling pattern grows 1 2 4 8 16 32 64 128 256 512 1024.... 1 to 1000 in 10 steps... so say you can double your initial investment every five years (+20% per year) after 50 years your initial investment will have grown over 1000 fold, so say you invested 1000 dollars at +20% per year in 50 years time it will have grown to over 1 million.
Sir please make a video on
you can win book by shiv khera
good
I appreciate your video bit did you really have to make everyone else who's Ritch white and the poor black? Not sure if intentional ?
sami obamaa if you are more concerned with the color of the cartoon characters rather than the lessons this is trying to teach you than you are the racist! Stop being triggered and take ownership you liberal
seems like you aren't born as english right ? you have different accent , but the video is really good, i like the animation on it.
Get into the chopper !!!
🚁 :)
Great vid. Just one Question: Why was the "poor person" depicted with darker skin, and the rich or the people trying to become rich of lighter skin?😧😲😔😠😡
Sadly, you cannot choose the color of the skin in the animation software I am using (Videoscribe)
How do you get that interest ? I dont get it ? how does someone pay me back with interest ?
Index funds have an avg return rate of 10% a year, so instead of thinking about people start thinking about funds, stocks, bonds, etc.
Starts Here 3:00
0:00
Arkad is the man
hehe, maybe there will be a Part 2 in the future
Oh
Love arcad
Now I know that Babylon's currency was the U.S. dollar $$$ :D
hehe - Arkad would be proud of you" :)
1 pay your self ahuge par
There is no god but God, and Muhammad is the messenger of God
Allah is the Light of the heavens and the earth. His light1 is like a niche in which there is a lamp, the lamp is in a crystal, the crystal is like a shining star, lit from ˹the oil of˺ a blessed olive tree, ˹located˺ neither to the east nor the west,2 whose oil would almost glow, even without being touched by fire. Light upon light! Allah guides whoever He wills to His light. And Allah sets forth parables for humanity.
For Allah has ˹perfect˺ knowledge of all things.
GOOD lessons, but it's Not cool to feature darker characters as slaves.
lol, thanks Saron but its ok, the lessons are more important than the illustration.
@Kirby Allen If you read the book, you would know how one of the things mentioned was that any man can become a slave.
Sarah our history is nor erasable
The story is set in the ancient middle east. Folks there are darker.
Man answer me honestly, are you rich ?
Nope, but I am debt free, able to save more money each month and can almost live off my passive income :)
Atta Boy!!
Fine when the currency supply is stable. But when currency is being debased (as what caused the fall of Babylon, Athens, Rome, 18th Century France etc etc) you need to find an investment that beats inflation. In today's world (in real stats, not govt. Stats) unless you're getting 8% growth you're going backwards.. and with Govt. manipulation of interest rates were at 0.5%, 0% and in europe even -ve interst rates. We're in an "end times". All this advice is worthless. The barbarians are at the walls.. just take what you can and run.
WHY ARENT YOU NARRATING ANYMORE!?!? I loved your videos, and accent. The new guy is a big yawn. Very forgettable and unmotivating.
5% interest is imposible let alone 20% interest is a joke. And even if you get that you have to wait 40 years then you will be the richest man not in Babylon but in the cementery. Truth be told this theory is stupid and useless.
Stop being lazy, yes a 5% in impossible. But 5% in real estate, stocks, or crypto is very common, it’s actually on the lower side. Real Estate can net you roughly 10% a year, stocks can net you 8% a year, personally day trading crypto has net me 440% last year.
You don't have to be the richest, these are principals that anyone can use to build wealth. If it ends up only being 100K over one's life, or when is ready to stop working, that is 100K you wouldn't have otherwise.