this isnt just financial advise tips. this entire video basically can be applied to anything in life and as long as you desire to be a better version of yourself, this video is absolute pure gold.
Two more advices to all of this from someone who started transformation kinda based on the book a couple of years ago: 1. Do not tend to think change is easy. Admit that its a challenge. 2. Try not to rush and be patient/learn to be patient. This is key!
Your age can be a perfect age to start building your future and building wealth. Just have to invest in legit financial institutions and do it consistently. It will surprise you years from now, how amazing it is for you to have started at this age.
Good job kid, my cousin started investing in index ETFs when he was around the same age as you. He used to invest the amount he got as gifts and later from his part time jobs. 6-7 years down the line he has accumulated quite a bit. Don’t take unnecessary risks from what you see on the internet and stick to index funds
You are young and it good you are thinking about this, teach your friends and don't quit. However you are young, don't hold back on life, enjoy as much as you can, money is also a tool, not the only thing to look at. Knowledge and love, kindness and curiosity create our profound experiences and make your life worth it. And sometimes these cost money.
It's funny that you mention quitting smoking by looking at your identity differently. I can personally vouch for this because that's how I quit smoking. Back in 2004 (April 14th, to be exact), I noticed that all the quit-smoking aids (gum, patches, lozenges, etc) all have a 3-month goal, where you scale down your use as you progress. At the end of those 3 months, according to the program, you get to say, "I'm a non-smoker," provided you were successful. I realized that on Day 1, I'm ALREADY a non-smoker! All I have to do then is decide each day to continue my streak so that I can keep saying that. I still used the nicotine gum and some Wrigley's spearmint, but that paradigm shift in my thinking changed everything. All the other times I tried to quit, but when my thinking changed, I succeeded. In 2024, I'll be 20 years nicotine-free. It really works! 👍
I'm 18, saving 1500$/70% of my paycheck every month. Living Home and driving a small cheap diesel van. If I'm om schedule I'm buying a house w/ rental before i turn 20 years old. 1000$ tax free every month will pay off the electricity, internet and mortgage interest... Making the house basically free, adding on to the value going up.
Top Moments 5:34 Do not set a goal to have $20k by end of year. Ask: what habits do I need to ensure I have a huge amount by end of year? 7:00 purpose of a goal is to win the game. But a system is to keep you playing. [ If you want to keep playing] 16:00 80% same 20% explore. Keep what works, but also change.
Last year I checked how much I spent for cold drinks and burgers it blasting 3600$ . So I cut those expenses and invested that money in different beverages companies. So people keep drinking beverages and give me profit 😎.
starting a business is very difficult and impossible if you cannot create value in the market. once you create value and be able to solve problems, That is your success... it doesn't matter what business you run, you will succeed. a fellow creator :)) subbed
You are one of the intelligent and best to get the summary of different books. Can you please make a different video on the summary of the book Warren Buffett and the art of stock arbitrage by Mary Buffett. And Thanks.
Hey @Swedish Investor - I am a big fan and would love to have a set of videos on basics of accounting especially PNL, Balance sheet & Cashflow statements in the form of your videos.
Re the habits/identity thing, the way I see myself is that I define what habits I am going to adopt, but I don't see those habits as part of my identity. Instead I see my identity as someone who keeps to the habits I've decided upon. It works.
I appreciate the support a ton Prakhar Gupta! I know there are some other great videos on this one that came before mine, and I hope that the financial angle makes this a bit different.
THANK GOODNESS FOR VIDEOS LIKE THIS! A great mindset for learning: REMEMBER The brain learns by repetition.....so learning something new means the brain doesn't know. And therefore learning something you don't know is just 'UNFAMILIAR". The repetition will make the brain comfortable. But 1st its good to rewire how the brain sees learning something new. So SAY THIS TO YOURSELF: "This is hard to do or Learning something new is hard" Then hum ABC song this accomplishing to things its a distraction and whimsical gives a feel good vibe. Repeat 3x's(this literally will start to detach the "hard concept" cause you keep interrupting the pattern More advanced results: think of something you failed to do and so didn't try anymore doing....say to self "such and such was hard and I can't do it, it made me feel (fill in the blank). Then hum ABC song (3x's) If you do this now it will motivate you because the brain will stop automatically giving that message that things you don't know are hard to do.
You'd have to produce a lot more content for me to be able to watch one of your videos every time I had a cup of coffee lol Seriously, though, this one was great. Loved the point about SMART goals. I use them in the classroom sometimes, going to stop today!
Just started watching your channel and just wanted to say your awesome and I absolutely love your videos and personality. Thank you for all the hard work you put into all these videos!!
I have an old 401k. I've never transferred it because for awhile it was doing better than the new employers firm. now 6 years later I'm 2k in the hole. I'll be lucky at the ten year mark if it's back to where it was in 2016. I'm not believing these returns anymore
Me personally I think occasional success is easy but to repeat that success everyday consistently is the difference between a real dependable system and a less dependable 1
If you have found it online somewhere then probably those keywords have been stored in browser cookies / internal storage of your device which Google application tracks and suggests videos or ads related to that keyword. So yes implicitly we get tracked and may be we have clicked Yes on their license agreement / terms before using these applications.
@@domcity11 actually, this is also a mental Illusion. The probability of something like this happening is not Zero, but when it happens the event stands out much more than any other combination of events. There is a actual term for this, but I cannot remember it lol 🙈
For me this book is kinda ok.not bad. Some ideas are slightly contradicted some other books. like "7habits"that preferred goals but this book preferred systems. But I dont follow any self improvement books anyway. Thank you for a summary bro.
💫This video on Atomic Habits by James Clear is an absolute game-changer when it comes to improving your finances. His insights into the power of small habits that compound over time can lead to massive improvements in our financial lives. By focusing on the small actions we take each day and making them more intentional and productive, we can achieve our financial goals with ease. I'm curious to know what habits you've implemented in your own financial life as a result of watching this video. Have you seen any improvements in your financial situation as a result of these changes? Let's start a conversation in the comments and share our experiences and insights. Remember, the key to success is often found in the small, consistent actions we take each day. Let's learn from James Clear and improve our finances by 3495% (or even more!) through the power of atomic habits.👏
Hello, I have to say I’ve watched all of your videos and I’m starving for more right now 😂. I want to ask you if you could do a video showing how to value a bank or how Warren Buffett would look at a bank and other financial institutions. Thank you!
Hey Partido Liberal, thanks a ton for the support! I have to admit that I do not consider banks to be within my circle of competence at this moment. It's one of the few sectors that I've never bought any stocks in. However, that might change over time. As you are hinting towards, Buffett has had a great success buying them, so I may have to change my mind at some point.
Leggendo di persone che si accaparrano mensilmente cifre multiple come entrate negli investimenti anche in questi giorni folli nel mercato, qualche indicazione su come fare progressi sostanziali nel guadagnare? Gradirei
Non faccio trading davvero, investo solo con un professionista assegnato da una società di criptovalute che commercia per persone e restituisce profitti su base settimanale per me e puoi investire il tuo capitale e ottenere ritorni di investimento (ROI) settimanali senza alcuno costi aggiuntivi allegati
@@dlark880gmailcom La sig.ra Jennifer è ovviamente la migliore, la sua strategia è davvero efficace perché vedo le mie criptovalute aumentare 3-7 volte dopo aver investito
Tjenare Svensken! Jag har jobbat två jobb över sommaren och sparat allt jag har kunnat utöver hyra, räkningar och jag har precis blivit av med alla mina skulder. Jag tycker också om att investera och har gjort det i över 4 års tid med positivt framgång. Har du några tips på hur du tror sveriges ekonomi kommer att klara sig under våra nuvarande omständigheter (financiell krash, kr*g, ect). Har du något humm om vilka områden vi kommer att förlita oss på och hur det kan också tjäna folk pengar- och i hand med det stärka våran ekonomi genom detta?
Nice videos, I'm a new subscriber. The key points of the book are well summarized. The aggregation of marginal gains (#1) is such a fallacy though. Just think about it... it is impossible to have a compounding 1% return on a habit forever. There are always diminishing marginal returns to an action. You will make the easiest 1% change first and then it will become harder and harder to keep finding the extra 1%. Temper your expectations people.
Is it though? Say you invest 100 bucks a month now. With this theory, improve next month to 101 bucks, month after that 102,1 etc. How can you keep this up at 200 bucks, 300 bucks etc? Should you take on a side hustle, ask for a raise, cancel your cable subscription? I find it a refreshing way of thinking
@@LisetteZ3 I don't understand your point. You are cherry picking some nice numbers. Say you make a very good living and you invest 10000 bucks a week now keep increasing by 1 percent per week. In 10 years you will need to invest 1770000. You went from 520000 per year invested to 92 million per year invested. Maybe you should start a side hustle?!?
@@markhnatiuk7857 am I the only one cherrypicking? Do you actually invest 10.000 per week or beneath 1000 per month. If the latter, I think it would be more beneficial to you to think about how you can improve 1% per month, even if you don’t let it compound. The mind makes you think more easily how to improve 1 percent than 10% or even 100%. If you want to think about it in a mathematical way, you are totally right. But if you want to think of it in a psychological and practical way, this advise is brilliant to get you moving in the right direction
By not making it compound, I mean, if you currently invest 1000 bucks a month, try to add 10 bucks a month and keep it at 10 extra bucks every month. A year from now you will invest 1120 a month which is a lot better than doing nothing and keeping it at 1000
@@markhnatiuk7857 Yeah, because when it comes to beginner investors, everybody starts with $10000 a week. What a great example. Anyone can use dumb examples like that: Starting investing with $1 every day, and increase by 1% every day. By the end of the first year you will be investing ~$37 per day, by the end of the second year you'll be investing ~$1400 *every day*. Make compounding interest work for you, not against you
Great video, I think far too many are under the false impression that you need a lot of money to begin investing. It is the biggest myth and honestly the setback for most. If someone just started buying say a broad market index like VTI or VTSAX and dollar cost averaged in weekly or monthly, what a world of a difference it would make. $10000 not required... the willingness to start and change mindset along with spending/saving habits, REQUIRED!
really good content, well versed in literacy, just wondering, how do you read so many books in a short period of time? I have read like 2 books during my one month holiday, namely science of happily ever after and seven principles of making marriage works and I am not sure how to read so much if I had to include studying and working time(in the future). I have also read book summaries to make my life easier.
Cheers! I read the books on my phone (Kindle app) so that I can retreat to them whenever there's downtime and I feel I have the energy for it. You can combine the texts with audio from Audacity, which helps me to stay concentrated, and I think it enhances learning too, getting input from both visuals and sound simultaneously.
@@TheSwedishInvestor Thanks for the idea, I am studying computer science atm so I don't really want to spend more time in front of a screen, might try the audiobook idea out
Even can't argue with your analysis 😅😅 I have a feeling you all know lmao. BTW what's up with this token $TIME of the Chrono tech ecosystem? why has it become so popular... since when is there more talk about it than $SHIB???
this isnt just financial advise tips. this entire video basically can be applied to anything in life and as long as you desire to be a better version of yourself, this video is absolute pure gold.
💯
This is what I was thinking as well. It's like reading self development books in the meantime like I do 😁
@@hunorportik5618 😊😊
Two more advices to all of this from someone who started transformation kinda based on the book a couple of years ago:
1. Do not tend to think change is easy. Admit that its a challenge.
2. Try not to rush and be patient/learn to be patient. This is key!
im 14 and already planning out how i could become financially independent in the future
Your age can be a perfect age to start building your future and building wealth. Just have to invest in legit financial institutions and do it consistently. It will surprise you years from now, how amazing it is for you to have started at this age.
Good job kid, my cousin started investing in index ETFs when he was around the same age as you. He used to invest the amount he got as gifts and later from his part time jobs. 6-7 years down the line he has accumulated quite a bit. Don’t take unnecessary risks from what you see on the internet and stick to index funds
At your age you need to worry more about school shooters and not about finances. FACTS!
@@cdle007 bold of you to assume i live in america
You are young and it good you are thinking about this, teach your friends and don't quit. However you are young, don't hold back on life, enjoy as much as you can, money is also a tool, not the only thing to look at. Knowledge and love, kindness and curiosity create our profound experiences and make your life worth it. And sometimes these cost money.
It's funny that you mention quitting smoking by looking at your identity differently. I can personally vouch for this because that's how I quit smoking.
Back in 2004 (April 14th, to be exact), I noticed that all the quit-smoking aids (gum, patches, lozenges, etc) all have a 3-month goal, where you scale down your use as you progress. At the end of those 3 months, according to the program, you get to say, "I'm a non-smoker," provided you were successful. I realized that on Day 1, I'm ALREADY a non-smoker! All I have to do then is decide each day to continue my streak so that I can keep saying that.
I still used the nicotine gum and some Wrigley's spearmint, but that paradigm shift in my thinking changed everything. All the other times I tried to quit, but when my thinking changed, I succeeded. In 2024, I'll be 20 years nicotine-free. It really works! 👍
I'm 18, saving 1500$/70% of my paycheck every month. Living Home and driving a small cheap diesel van. If I'm om schedule I'm buying a house w/ rental before i turn 20 years old. 1000$ tax free every month will pay off the electricity, internet and mortgage interest... Making the house basically free, adding on to the value going up.
Atomic habit is one of the best self improvement books out there. Should read at least once a year.
Resolutions are wishes and wishes rarely come true
Thank you! This is the best summary of this book I’ve seen! Busted my gut at 13:59
8:35. This guy has 'Play Hearthstone' under his desired habits, respect.
Just the very first slide deserves a like 👍
Amazing summary as always Erik! Thank you so much! 👏🏻✌🏻🍀
James Clear graduated from my high school and he actually came and spoke there a few years ago about his success and the like, pretty cool guy
For help, msg 👆
Took the advice, turned my identity into an athlete for a moment and just did an abs workout. Thanks, some really helpful and motivating ideas!
Right on time with a morning cup of coffee
Haha, there's a part about that in the video!
Top Moments
5:34 Do not set a goal to have $20k by end of year. Ask: what habits do I need to ensure I have a huge amount by end of year?
7:00 purpose of a goal is to win the game. But a system is to keep you playing. [ If you want to keep playing]
16:00 80% same 20% explore. Keep what works, but also change.
Great video! I see in the comments that I need to go ahead and read Atomic Habits. It’s already on my list.
Heaps of thanks Swedish investor for explaining it very well that we could apply in our finance part.
Thank you.
Last year I checked how much I spent for cold drinks and burgers it blasting 3600$ . So I cut those expenses and invested that money in different beverages companies. So people keep drinking beverages and give me profit 😎.
Thanks, TSI, Appreciate
I'm 19 year's old small investor from India and Swedish Investor my favourite investment channel among all...ʘ‿ʘ
Thanks! 🎉
Thank you🙏🙏🙏 so much sir.
This is so good!!!!!❤❤❤
I love your summaries
Älskar dina videos, har sträcktittat i dagar :)
starting a business is very difficult and impossible if you cannot create value in the market. once you create value and be able to solve problems, That is your success... it doesn't matter what business you run, you will succeed. a fellow creator :)) subbed
You are one of the intelligent and best to get the summary of different books. Can you please make a different video on the summary of the book Warren Buffett and the art of stock arbitrage by Mary Buffett. And Thanks.
Great synthesis skills my dear Swedish friend! I'm loving your channel! Thanks so much!
Funny how the compounding snowball always rolls uphill in the finance videos 😂
He needs to attract followers 😌
No they come down by being bigger.., you know
Amazing content
Hey @Swedish Investor - I am a big fan and would love to have a set of videos on basics of accounting especially PNL, Balance sheet & Cashflow statements in the form of your videos.
Love this and I’m a massive James Clear fan. Thanks for this great content, subscribing.
Playing and watching Hearthstone are detractors for me too! Great video and summary of an excellent book.
Re the habits/identity thing, the way I see myself is that I define what habits I am going to adopt, but I don't see those habits as part of my identity. Instead I see my identity as someone who keeps to the habits I've decided upon. It works.
Just finished the audiobook yesterday great book and great video
when should you sell stocks? Should you ever sell them early? please relpy if you know the answer
Thanks Swedish investor for sharing ! I am Chinese investor wish to meet you
this man is reading my habits already 9:37
I read this book a few months ago , although I had seen many summaries of this book on UA-cam your one is the most precise and fun to watch...
I appreciate the support a ton Prakhar Gupta! I know there are some other great videos on this one that came before mine, and I hope that the financial angle makes this a bit different.
Thanks 🙏
This is a good video
Yes! i have been asking you to make a video about book about habits and now you have made one! nice video, cheers
Cheers Random Banana! Always the great support!
@@TheSwedishInvestor i thank you too erik for making such great videos :)
Love your work Swedish Investor, you are amazing in what you do, this is pure gold, this is thinks what people dont get from schools
THANK GOODNESS FOR VIDEOS LIKE THIS! A great mindset for learning: REMEMBER The brain learns by repetition.....so learning something new means the brain doesn't know. And therefore learning something you don't know is just 'UNFAMILIAR". The repetition will make the brain comfortable. But 1st its good to rewire how the brain sees learning something new.
So SAY THIS TO YOURSELF: "This is hard to do or Learning something new is hard"
Then hum ABC song this accomplishing to things its a distraction and whimsical gives a feel good vibe.
Repeat 3x's(this literally will start to detach the "hard concept" cause you keep interrupting the pattern
More advanced results: think of something you failed to do and so didn't try anymore doing....say to self "such and such was hard and I can't do it, it made me feel (fill in the blank). Then hum ABC song (3x's)
If you do this now it will motivate you because the brain will stop automatically giving that message that things you don't know are hard to do.
Where is the best place to buy penny stocks in the UK? Best app? Most big apps don’t have penny stocks
The legend is here again with a great summary that really changes my way of thinking. Thanks so much for the great content ✌️
Much appreciated m s! Cheers for the continued support!
@@TheSwedishInvestor q
great video 👌
You'd have to produce a lot more content for me to be able to watch one of your videos every time I had a cup of coffee lol
Seriously, though, this one was great. Loved the point about SMART goals. I use them in the classroom sometimes, going to stop today!
Same sentiments here!
Just started watching your channel and just wanted to say your awesome and I absolutely love your videos and personality. Thank you for all the hard work you put into all these videos!!
👍
Swedish investor, I need a top 5 books to read about investment. I mean besides Atomic Habits.
Thanks for your work on summarizing the great book of James. I read it and your summary puts it back into consciousness
Sir please discuss about investment in foreign stock market📈. How a small investor earns constantly through index fund s etc.
For me subscribing to your channel is that 1% which is still compounding a lot 😄👍. Keep up the good work .
I have an old 401k. I've never transferred it because for awhile it was doing better than the new employers firm. now 6 years later I'm 2k in the hole. I'll be lucky at the ten year mark if it's back to where it was in 2016. I'm not believing these returns anymore
Awesome video as always.
I love your content, keep going 👏🏼
Easy to understand with good graphics. Living and working in Sweden like this guy probably does would improve my life! 🤣
Should I mortgage my house in order to get the starting capital??
That could be a dangerous idea if you don't know how to handle that money from your mortgage well. Think of it a several times first.
The 1% decrease graph is wrong and it's annoying me, but great video overall!
I did in fact make a cup of coffee and watch an episode of the Swedish Investor, where do I collect my $20,000?
Have you done any videos about Peter Lynch one up Wallstreet?
Me personally I think occasional success is easy but to repeat that success everyday consistently is the difference between a real dependable system and a less dependable 1
According to research people will believe anything you tell them, as long as you tell them it is according to research.
lol!!!
On seeing someone with an expensive car I like to think 'Wow, that person is 1 [insert car brand] poorer'
nice video! i just started reading the book, and now i see this on my yt page :)
This guy is a legend! you should watch his most watch video's they are great
Amazing value, thanks for the video!
Identity!!! 👍
Coincidently I just found out about this book just yesterday, are you psychic or spying on me ?! Great video as always 👍
google spying on you ;)
Zuckerberg, siri, Alexa and Googly are spying on you. Everything you say and type is monitored
It's a great book! I have it in my minimalist library for some time already 😁
If you have found it online somewhere then probably those keywords have been stored in browser cookies / internal storage of your device which Google application tracks and suggests videos or ads related to that keyword. So yes implicitly we get tracked and may be we have clicked Yes on their license agreement / terms before using these applications.
@@domcity11 actually, this is also a mental Illusion. The probability of something like this happening is not Zero, but when it happens the event stands out much more than any other combination of events. There is a actual term for this, but I cannot remember it lol 🙈
For me this book is kinda ok.not bad. Some ideas are slightly contradicted some other books. like "7habits"that preferred goals but this book preferred systems. But I dont follow any self improvement books anyway. Thank you for a summary bro.
Need assistance. I currently make 60k and am investing 50% monthly, how long til I retire?
💫This video on Atomic Habits by James Clear is an absolute game-changer when it comes to improving your finances. His insights into the power of small habits that compound over time can lead to massive improvements in our financial lives. By focusing on the small actions we take each day and making them more intentional and productive, we can achieve our financial goals with ease.
I'm curious to know what habits you've implemented in your own financial life as a result of watching this video. Have you seen any improvements in your financial situation as a result of these changes? Let's start a conversation in the comments and share our experiences and insights. Remember, the key to success is often found in the small, consistent actions we take each day. Let's learn from James Clear and improve our finances by 3495% (or even more!) through the power of atomic habits.👏
I literally started reading this book today!😂
Hello, I have to say I’ve watched all of your videos and I’m starving for more right now 😂. I want to ask you if you could do a video showing how to value a bank or how Warren Buffett would look at a bank and other financial institutions. Thank you!
Hey Partido Liberal, thanks a ton for the support! I have to admit that I do not consider banks to be within my circle of competence at this moment. It's one of the few sectors that I've never bought any stocks in. However, that might change over time. As you are hinting towards, Buffett has had a great success buying them, so I may have to change my mind at some point.
My trading journey was a matriculation of high and low
literally just like the market. You up and you down. Now I'm
constantly up
I cracked up when he said " too self serving? Well read the damn economist then." 🤣
love the content so much! KEEP IT UP BRO!
Nice video. Most people can improve in many areas. But were is the point when you take this ideas to far and start gets anoying for other people.
Hi, I swas wondering what are your thoughts on sas ab
This Your video has a problem at 8.04, we can't see full screen
Leggendo di persone che si accaparrano mensilmente cifre multiple come entrate negli investimenti anche in questi giorni folli nel mercato, qualche indicazione su come fare progressi sostanziali nel guadagnare? Gradirei
Non faccio trading davvero, investo solo con un professionista assegnato da una società di criptovalute che commercia per persone e restituisce profitti su base settimanale per me e puoi investire il tuo capitale e ottenere ritorni di investimento (ROI) settimanali senza alcuno costi aggiuntivi allegati
La professionista è la signora Jennifer Fortune 🔥
@@dlark880gmailcom Oh la conosci anche tu😲😲, proprio non so come fa; la sua strategia di trading è di prim'ordine
@@dlark880gmailcom La sig.ra Jennifer è ovviamente la migliore, la sua strategia è davvero efficace perché vedo le mie criptovalute aumentare 3-7 volte dopo aver investito
Il mese scorso un'amica mi ha segnalato a lei, ho iniziato Investment con 5.400€ e ora ho guadagnato 15.340€. Penso che meriti un credito
Tjenare Svensken! Jag har jobbat två jobb över sommaren och sparat allt jag har kunnat utöver hyra, räkningar och jag har precis blivit av med alla mina skulder. Jag tycker också om att investera och har gjort det i över 4 års tid med positivt framgång. Har du några tips på hur du tror sveriges ekonomi kommer att klara sig under våra nuvarande omständigheter (financiell krash, kr*g, ect). Har du något humm om vilka områden vi kommer att förlita oss på och hur det kan också tjäna folk pengar- och i hand med det stärka våran ekonomi genom detta?
Nice videos, I'm a new subscriber. The key points of the book are well summarized. The aggregation of marginal gains (#1) is such a fallacy though. Just think about it... it is impossible to have a compounding 1% return on a habit forever. There are always diminishing marginal returns to an action. You will make the easiest 1% change first and then it will become harder and harder to keep finding the extra 1%. Temper your expectations people.
Is it though? Say you invest 100 bucks a month now. With this theory, improve next month to 101 bucks, month after that 102,1 etc. How can you keep this up at 200 bucks, 300 bucks etc? Should you take on a side hustle, ask for a raise, cancel your cable subscription? I find it a refreshing way of thinking
@@LisetteZ3 I don't understand your point. You are cherry picking some nice numbers. Say you make a very good living and you invest 10000 bucks a week now keep increasing by 1 percent per week. In 10 years you will need to invest 1770000. You went from 520000 per year invested to 92 million per year invested. Maybe you should start a side hustle?!?
@@markhnatiuk7857 am I the only one cherrypicking? Do you actually invest 10.000 per week or beneath 1000 per month. If the latter, I think it would be more beneficial to you to think about how you can improve 1% per month, even if you don’t let it compound. The mind makes you think more easily how to improve 1 percent than 10% or even 100%.
If you want to think about it in a mathematical way, you are totally right. But if you want to think of it in a psychological and practical way, this advise is brilliant to get you moving in the right direction
By not making it compound, I mean, if you currently invest 1000 bucks a month, try to add 10 bucks a month and keep it at 10 extra bucks every month. A year from now you will invest 1120 a month which is a lot better than doing nothing and keeping it at 1000
@@markhnatiuk7857 Yeah, because when it comes to beginner investors, everybody starts with $10000 a week. What a great example.
Anyone can use dumb examples like that: Starting investing with $1 every day, and increase by 1% every day. By the end of the first year you will be investing ~$37 per day, by the end of the second year you'll be investing ~$1400 *every day*.
Make compounding interest work for you, not against you
9:38 I'm doing that right now 😂
does anyone know with what tool this video is maked ( to make the animations?)
Great video, I think far too many are under the false impression that you need a lot of money to begin investing. It is the biggest myth and honestly the setback for most. If someone just started buying say a broad market index like VTI or VTSAX and dollar cost averaged in weekly or monthly, what a world of a difference it would make. $10000 not required... the willingness to start and change mindset along with spending/saving habits, REQUIRED!
What app is best for opening a brokage account
Great video. Keep it going!
Sir please review and make a summary of the rebel allocator by jacob taylor.
Thanks ❤️
that diss on the flat earthers was 😂
really good content, well versed in literacy, just wondering, how do you read so many books in a short period of time? I have read like 2 books during my one month holiday, namely science of happily ever after and seven principles of making marriage works and I am not sure how to read so much if I had to include studying and working time(in the future). I have also read book summaries to make my life easier.
Cheers! I read the books on my phone (Kindle app) so that I can retreat to them whenever there's downtime and I feel I have the energy for it. You can combine the texts with audio from Audacity, which helps me to stay concentrated, and I think it enhances learning too, getting input from both visuals and sound simultaneously.
@@TheSwedishInvestor Thanks for the idea, I am studying computer science atm so I don't really want to spend more time in front of a screen, might try the audiobook idea out
@@valuabletips560 I'm also a Computer science undergraduate
Where to find communities like coding storytelling game design
Finally a book review!! Love it
Even can't argue with your analysis 😅😅 I have a feeling you all know lmao. BTW what's up with this token $TIME of the Chrono tech ecosystem? why has it become so popular... since when is there more talk about it than $SHIB???
Best book ever!
Good video for sure...
But anyone else got irritated by the background music thats sounds like a android alarm?!
Currently in the middle of reading this book, weird
If you are poor than investing into stock market is one of the worst decision you can make.
Great content nice info graphics. ty
Why not both, systems (habits) and some goals.
Wonder what 14:02 is all about 🤔