How to Turn Lemons into Money: A Child's Guide to Economics written by Louise Armstrong illustrated by Bill Basso. It's a rare children's book that has been long out of print and it's also quite possibly the most clear and concise primer on basic economic principles that's ever been written. I was probably not even six years old the first time I read it.
This book changed my life too! I read it when I was going through a burnout and it made me quit my job and literally flip my life around. I haven’t figured everything out yet but I am much happier with the 7-0 than the 5-2. Cheers!
That first one hits. I’ve been lately getting so irritated with people complaining about their lot in life (financially). They just need a paradigm shift. They don’t realize that they can change the whole thing in an instant
Obviously there are some things outside of your control but if you blame everything on other people you're saying you can't change anything which is super depressing
@@GabeBult absolutely. I feel this video is mainly intended for a first world audience. Baring a tragic health event, most first world people have more control of their lives than any humans ever have. You don’t have to work at a low paying job just because that’s what you e BEEN doing. It’s like when people say they “hate working retail” but continue to do it… for YEARS.
@@GabeBult I’m glad you said this because I often wonder where your thinking would be if life had just gone a different way. Sh- happens. I have two daughters who both have a chromosome triplication. The daily financial ( not to mention emotional and spiritual) tole is beyond measure. I know you have an idea of what I’m saying. The uncovered medical expenses, even with “good” insurance is INSANE. so, I wouldn’t change anything, but have become a little psycho about trying g to control what I can financially because there IS so, so ,so much I couldn’t/ can’t control financially ( first OHS at two months and on and on). I want everyone to spend a day in my daughters’ school,or in a pediatric cardiothoracic ward ( burn ward, oncology ward or similar) just to check themselves from being callous to the reality of sh- happens, serious sh-, and generosity is so key. The needs of families we have seen on our journey takes my breath away. Don’t ever become callous everyone!
dude described monetizing hobbies like its a new concept... jokes aside your approach to money is rly simple and easy which is what i like. tired of everything being so complicated
I LOVE THAT BOOK! I’ve read it twice. It’s a great read and the best advice😍 Seriously one of my favorite books as well!!!😀 Thanks for all your amazing work Gabe! Your UA-cam’s are my favorite to watch!
Definitely some major mindset shifts from the slow lane… I think if you take the practices from the slow lane and apply them to yourself while chasing the fast lane, then you’ll have a perfect dynamic of saving and investing while also earning big. Although we know very few people will achieve that. My thought is that I don’t necessarily want the fast lane because once you earn all of that money, what are you going to do with your life? We are made to find purpose and fulfillment from work, so whether or not you have money or not you’re going to want to have something to do each day, you would have the freedom to choose what you want to do, but you could have also just chosen a job that pays well and you find fulfilling. Life is horrible if you have nothing to do and no one to help.
Alot of people go all in on businesses and then go broke and end up off worse than in the slow lane as its described. 0 dollars doesn't exactly make you look like you made a great decision. At least with the slow lane you have some stability and a point where you can fall back on. The fast lane for many of these folks only is good if you have great skills already+ get lucky and are in a good vehicle to drive your business forward. Often with high leverage and low overhead
Before starting a farm, read Joel Salatin’s books. His books changed my life. The world would be a different place if only 10% of the population read a book by him
Man, you rock! Great presentation, down to earth real sassy advice, kick up the bum stuff! Nice! I like this: to get in the fast lane BE FRUGAL with YOUR TIME! That's it, don't be easily available! Don't be cheap! Be magnetic, be desirable, be savvy, be the best!! Enjoy life on your own terms, take the job but stipulate a weekday off, let firms head hunt you!! Act like you have value, self worth! I do! 😊
I like this video because I can relate to it. Whilst working full time for someone else and often at weekends too I carved out a little time to write a book that helped people. Then another. Then some more books. Now I don’t work for anyone else. I’m not a millionaire and probably haven’t therefore affected a million people but every one of those 24 hours a day is my own to do what I like doing. Which fortunately is writing books. And yes, for most of my ‘employed’ life I was on an extremely low wage, did not have rich parents or inherit anything. Fortunately my aspiration was always to have more time to myself (rather than material possessions) so it helped that I’m content with a simple life. Thank you for putting this video out there. It will no doubt spark some people. 😊
Brilliant as always! Love that idea of the money tree 🌴 The 7-0-0-7 love it I'm thinking of a business that will help a million people but starting with 10 for now. I definitely have the time. Going to read the book
Amazing book! Love MJ DeMarco! If you haven’t read his newest book, deeefinitely give it a read, he literally combines both his first books and summarizes them into all the policies, ideas, etc into one and has a story that goes along with it!
Hi Gabe, I recently discovered your content, and I think it's great! What do you think about sharing info to your viewers on career choices that may serve as an alternative to business ownership? Being a business owner can be quite stressful, and may not be the best option for everyone.
The best way to get good at putting money together is to stop focusing on money. Focus on skills. Skills pay the bills. In a similar way that top chefs do not focus on recipes or restaurants. They focus on ingredients, flavours and techniques.
Hi Gabe, I like your content a lot because I think we have a similar philosophy about money. I am currently in the slow lane and trying to transitioning to the fast lane, (according to that book). I heard a lot about that book from entrepreneurs that I follow including you. Definitely I will read that book. Thank you for sharing the highlights of it.
A fair bit of luck is also involved in influencing millions of people on top of the hard work. Plenty of authors with books at least as good as Harry Potter who don't make it big, but good luck to them. May the algorithm gods be with you.
I have a co worker that talks about the election and who is/was president and how that is going to solve her financial problems. If you are counting on the president to come and rescue you, you don’t have accountability for your own finances. This is the land of opportunity. Wake up. I have read so many books and have a really good comfortable life. No worries. I was retired but need to work to stay sharp mentally and to have purpose. I am 62 and have always done 2 things; side jobs, rental properties, pizza franchise, graduation from college, driving Uber, whatever. I am currently receiving a pension and a salary as a teacher. It is no longer about money. It is about leaving a legacy and enjoying life. I liked your videos about verses in the Bible about money. I do not belong to anyone else’s religion or interpretation of the Bible, but you have shown what I have read about with the history of wealth. A great book is “The Richest Man in Babylon.” There have always been poor, and there have always been wealthy.
Love this video, you've convinced me to buy the book. I kept trying to find it for free at the library (because frugal) but they don't have it. I love the last point on your list of how to get rich quickly - give them hope. So beautiful. I'm definitely taking this advice to heart in my future videos. Thanks for shifting my inner dialogue thought process❤
The internet is saturated with these kinds of videos. The assumption UA-camrs and Podcasters always make is that working a 9-5 is terrible and everyone hates their jobs. To the contrary, I love my job and I get paid relatively well for doing it. I love going to the office and being around my colleagues. My job gives me purpose and a feeling of satisfaction. Sure, I’m not a billionaire and I cannot afford a Ferrari but I have zero interest in buying a Ferrari. I live very comfortably in a nice home and can afford a couple of foreign holidays per year. I spend my free time with people I care about doing things I enjoy. By living life in the “slow lane” I should be able to retire comfortably in my later years if and when I choose to. I have something a billionaire will never have (i.e. enough).
I see, back too that new tesla again ;) Side note, The new Tesla model 3 facelift has so many small improvements. Ideal time to get one soon perhaps. Cheaper too vs the old one. If your getting a new one
I LOVE THIS GUY, WE THINK A LIKE!👏🏽👏🏽👏🏽👏🏽 Now if I could just take his advice and stop scrolling and start writing and creating, maybe I will make those millions. I'm even ok with thousands😅😅😅😅
Hope I can find this pdf or at the library! Doing no spend for a few months hahaha. Thank you for the recommendation and thanks to everyone who also added their recommendations!
Unfortunately, this advice only works for starting a business, being an entrepreneur to affecting millions, etc. Being in the military, which protects/affects millions, won’t make you rich. It automatically puts me in the slow lane, but at least I know I’m helping the rest of the country get rich 😢
Don’t feel bad. This content has good wisdom, but it also shouldn’t apply to everyone. We need teachers, military, etc. godliness with contentment is the greatest gain. Don’t aspire to be “rich” or “better” than the other 99%. It’s a vain way to live. I think Gabe loves what he does and does it for a deeper purpose so it works for him.
90 percent of people aren't. The average person would probably do well with the mundane day to day of a 9 to 5 and investing smartly in etfs properties or other assets they can get paid from. It gives them stability and I want to point out that businesses often fail, and fail badly. As in no money and the person doesn't have but a nickle and dime to rub together. That conveniently is never experessed by any business gurus.
“You need to raise your value to society.” I dunno if that works in the US but in western Europe it doesn’t. The most important jobs in 1st world countries are those that make sure people get educated, that make sure people can actually get to work, or that make sure people stay healthy. Yet, teachers, bus/train drivers, people working in daycares, and people working in healthcare get a very low pay here. At the same time there are people who just grab all the money they can at the cost of other people, the planet, and even at the cost of society and businesses (talking estate agents, people working the stock markets, etc) who get all the money while they have no value to society. And they complain when low paid people can’t take care of their kids or drive them to works because then they can’t grab more money.
He's talking about scaling up the value, not doing something more valuable. So can you help a million people get healthy instead of ten? Educate thousands instead of hundreds etc. A small value to millions is more financially profitable than a large value to one person (i.e. designing an app is sometimes more profitable than a brain surgery). It's silly but true.
I think it's a bit simplistic to say it's your fault for taking a job that pays $11 an hour if there aren't other jobs available to you in that moment. You take the best you can find, if $11 is the only thing what's available then that's what you take. How stupid to talk down to people as if they haven't already thought about getting a hire paying job
What he means is don’t take the job because it limits your ambition it traps you. If you don’t take the crap paying job you can and will have to start something your self and this will make you far more money in the long run instead of taking a safety net to being a pawn
@Muralath I think a more accurate representation of the argument is that you shouldn't get complacent. You may have to take the low pay job just to get by, but you should be spending any and all free time you have developing skills and looking for better opportunities.
You can literally take an apprentice trade job and make $25-30 per hour. It’s not the job markets fault, but the lack of some ppls vision or work ethic.
Hi Gabe, You mentioned a book about one thing. Could you give me the full title and who the author is please? Thanks! By the way...SCREW what other people think!!!
At 8:54 you say, it’s completely free to subscribe to youtube channels and watch your videos. It’s crazy that we haven’t subscribed to you. However at 9:32, you also say that time is the most valuable possession and it’s completely insane to stand in a lane to get free stuff (or doomscrolling, which is how I discovered you).
You're totally fine to unsubscribe and never watch me again lol most stuff is not useful that is on here a few things can improve your life I'm trying to be one of the few things that can be improve your life
@@GabeBultno sir, this was actually an awesome video. So much noise out here in the garb of personal finance, but your content is relatable, actionable, and totally entertaining! I was just being a bit cheeky as those 2 conflicting messages were funnily so close to each other. No offense, have a good day!
So people earning minimum wage have no value to society... wow. Minimum wage hasn't risen with inflation for decades but the value minimum wage jobs have to society hasn't changed e.g if you stack shelves for a living, if you clean the streets etc. I think you need to reevaluate your views and get some perspective 😑 Start with zero money and become a millionaire, see how its all about hard work and mindset then.
It has value but when there's millions of people that would do the same job as you and get paid less then maybe you should consider learning new skills that make you have less competition and earn more. Jobs like cleaning streets are not as easy accesible as before because of how saturated it is
I sent this video to a young man in desperate need of guidance. I hope he'll learn to stand on his own, because, whoooo, does he have a hard time goin'! Also, thanks for reminding me to develop that "two sentences a day" habit for writing. I really think I could be remembered as a great writer some day, and I hope that dream becomes a reality. If nothing else, I'll be remembered as a niche pioneer!
Dude who got lucky enough to get big enough to earn income from UA-cam tells people who are getting laid off that it's their fault they work at a company. Classic.
So sick of the "if you're not making good money it's because you have little value to society." Really, really think about that. Such "normal" conservative dribble. This mentality infuriates me. You can talk about making money without diminishing the work of others who are in service roles (which society cannot do without.) The impact on society is compounding. As a cleaner, you impacted more people than you think, albeit indirectly. If you served 1,000 people who each served 1,000 people you impacted one million - and that's only two degrees of separation. Lots and lots of people are working in positions that are "deep and narrow" rather than "broad and shallow." Those deep and narrow jobs often don't pay or are limited in the amount of income that they can earn, because many cannot afford to pay the real value of what they are getting. (Some examples: stay at home moms, social workers, nursing home workers, daycare workers, teachers, EMTs, and others who serve "the least of these.") Those jobs are also often emotionally and physically exhausting. But, no, tell those people they have little value to society and they need to build a business when they are done with their work day (if it ends.)
When millions of people will do the same job as you and for less money then maybe what you're offering is not as valuable as you think. Everybody is moving quickly to Big cities looking for a job like cleaning streets when there's not enough job for everyone so they start filtering people out asking more requiriments for a simple and ordinary task. So even now with tecnology taking jobs maybe it is important you must ask yourself how much value you're adding to society. It's clear no matter who you are you must to continue learning and growing in order to not be filtered out or getting paid so low for your time.
@@NirketMusic No, that's not how it works. Go look up all the states that can't find teachers. Not enough teachers to go around because the pay offered isn't worth the work involved. States aren't raising pay because people don't want taxes raised. I live in North Carolina. They are BEGGING for teachers. The perceived value is there, but not the pay. There is no direct correlation between value and pay in many, many jobs.
@@heatherniemisavage I agree teachers are really underpaid even where i live. But sadly that's because they are not seen worth enough. When the lack of teachers gets more extreme it surely is going to change for better. In the end the law of offer and demand regulates the market. We can translate this into dating. Sometimes a person doesnt see your value until he/she runs out of options and gets desperate so he/she comes back to you. Meanwhile you can move on into people that values you and it is easier when you're constanly working on yourself. Just to put an example maybe learning the language of a country that pays teachers very well could be the door to get better opportunities.
What's the name best money book you have read?
The Zurich Axioms by Max Gunther
How to Turn Lemons into Money: A Child's Guide to Economics written by Louise Armstrong illustrated by Bill Basso.
It's a rare children's book that has been long out of print and it's also quite possibly the most clear and concise primer on basic economic principles that's ever been written. I was probably not even six years old the first time I read it.
@@epicnamepwns1242 I've read this when i was younger but forgot what it teaches 😅
The Simple Path to Wealth by JL Collins
The Total Money Makeover, by Dave Ramsey.
This book changed my life too! I read it when I was going through a burnout and it made me quit my job and literally flip my life around. I haven’t figured everything out yet but I am much happier with the 7-0 than the 5-2. Cheers!
That's awesome! I think the 7-0 with an amazing dream in mind is way more enjoyable
no tesla put in the market and compund investment
Love the ownerships and "TAKE CONTROL" attitude
That first one hits. I’ve been lately getting so irritated with people complaining about their lot in life (financially). They just need a paradigm shift. They don’t realize that they can change the whole thing in an instant
Obviously there are some things outside of your control but if you blame everything on other people you're saying you can't change anything which is super depressing
@@GabeBult absolutely. I feel this video is mainly intended for a first world audience. Baring a tragic health event, most first world people have more control of their lives than any humans ever have. You don’t have to work at a low paying job just because that’s what you e BEEN doing. It’s like when people say they “hate working retail” but continue to do it… for YEARS.
@@GabeBult I’m glad you said this because I often wonder where your thinking would be if life had just gone a different way. Sh- happens. I have two daughters who both have a chromosome triplication. The daily financial ( not to mention emotional and spiritual) tole is beyond measure. I know you have an idea of what I’m saying. The uncovered medical expenses, even with “good” insurance is INSANE. so, I wouldn’t change anything, but have become a little psycho about trying g to control what I can financially because there IS so, so ,so much I couldn’t/ can’t control financially ( first OHS at two months and on and on). I want everyone to spend a day in my daughters’ school,or in a pediatric cardiothoracic ward ( burn ward, oncology ward or similar) just to check themselves from being callous to the reality of sh- happens, serious sh-, and generosity is so key. The needs of families we have seen on our journey takes my breath away. Don’t ever become callous everyone!
Easier to complain than to work to make a change for many people🤷♂️🤔
dude described monetizing hobbies like its a new concept... jokes aside your approach to money is rly simple and easy which is what i like. tired of everything being so complicated
Definitely one of the best finance books I’ve read. I feel like it gives actionable steps and real substance that other books lack.
What blows my mind about making money isn’t what we do it’s how many people we can just convince.
I LOVE THAT BOOK! I’ve read it twice. It’s a great read and the best advice😍 Seriously one of my favorite books as well!!!😀 Thanks for
all your amazing work Gabe! Your UA-cam’s are my favorite to watch!
Definitely some major mindset shifts from the slow lane… I think if you take the practices from the slow lane and apply them to yourself while chasing the fast lane, then you’ll have a perfect dynamic of saving and investing while also earning big. Although we know very few people will achieve that. My thought is that I don’t necessarily want the fast lane because once you earn all of that money, what are you going to do with your life? We are made to find purpose and fulfillment from work, so whether or not you have money or not you’re going to want to have something to do each day, you would have the freedom to choose what you want to do, but you could have also just chosen a job that pays well and you find fulfilling. Life is horrible if you have nothing to do and no one to help.
I liked your thoughts, agree 100.
Alot of people go all in on businesses and then go broke and end up off worse than in the slow lane as its described. 0 dollars doesn't exactly make you look like you made a great decision. At least with the slow lane you have some stability and a point where you can fall back on. The fast lane for many of these folks only is good if you have great skills already+ get lucky and are in a good vehicle to drive your business forward. Often with high leverage and low overhead
Before starting a farm, read Joel Salatin’s books. His books changed my life. The world would be a different place if only 10% of the population read a book by him
I'll check that out thank you!
Yes! I second this! He is a great resource!
Pliz share me that book. Got time off to read that
Yours is the best summary of this book on UA-cam.
Man, you rock! Great presentation, down to earth real sassy advice, kick up the bum stuff! Nice! I like this: to get in the fast lane BE FRUGAL with YOUR TIME! That's it, don't be easily available! Don't be cheap! Be magnetic, be desirable, be savvy, be the best!! Enjoy life on your own terms, take the job but stipulate a weekday off, let firms head hunt you!! Act like you have value, self worth! I do! 😊
Agreed. One of the best books out there!
Thanks for sharing Gabe. I read this a few years ago and got some good insight.
That's awesome! Probably the best book I've read recently on money
Agreed! keep up the good work@@GabeBult
A great video again. I really enjoyed your commonsense approach to money.
Thanks 👍
Thank you for sharing! This one is definitely on my to-read list!
It's a great read!
I like this video because I can relate to it. Whilst working full time for someone else and often at weekends too I carved out a little time to write a book that helped people. Then another. Then some more books. Now I don’t work for anyone else. I’m not a millionaire and probably haven’t therefore affected a million people but every one of those 24 hours a day is my own to do what I like doing. Which fortunately is writing books. And yes, for most of my ‘employed’ life I was on an extremely low wage, did not have rich parents or inherit anything. Fortunately my aspiration was always to have more time to myself (rather than material possessions) so it helped that I’m content with a simple life. Thank you for putting this video out there. It will no doubt spark some people. 😊
Brilliant as always! Love that idea of the money tree 🌴 The 7-0-0-7 love it I'm thinking of a business that will help a million people but starting with 10 for now. I definitely have the time. Going to read the book
Great advice. Thanks for the great video Gabe!
Thanks 👍
Hi Gabe,
I will be definitely getting into one of your recommended books. And wealth is definitely a process it takes time and determination 😊
100%, it doesn't happen by accident so you need a plan and if your plan aims low you'll land low
Thank you for this knowledge.
Absolute masterpiece.
Amazing book! Love MJ DeMarco! If you haven’t read his newest book, deeefinitely give it a read, he literally combines both his first books and summarizes them into all the policies, ideas, etc into one and has a story that goes along with it!
Would you mind sharing any of his latest that you find worth reading?
I love the 7007 rule. I did it. It can be done!
Hi Gabe, I recently discovered your content, and I think it's great! What do you think about sharing info to your viewers on career choices that may serve as an alternative to business ownership? Being a business owner can be quite stressful, and may not be the best option for everyone.
The best way to get good at putting money together is to stop focusing on money. Focus on skills.
Skills pay the bills.
In a similar way that top chefs do not focus on recipes or restaurants. They focus on ingredients, flavours and techniques.
i like your presentation style that’s why i subscribed to you
I do like the rich roll quote at the end there 🤙
Hi Gabe, I like your content a lot because I think we have a similar philosophy about money.
I am currently in the slow lane and trying to transitioning to the fast lane, (according to that book). I heard a lot about that book from entrepreneurs that I follow including you. Definitely I will read that book. Thank you for sharing the highlights of it.
Definitely a good read it changes your mindset for sure
Just read and this is a top 3 book book I’ve read this year. I liked his lebron James analogy
A fair bit of luck is also involved in influencing millions of people on top of the hard work. Plenty of authors with books at least as good as Harry Potter who don't make it big, but good luck to them. May the algorithm gods be with you.
Exactly. Business is skills plus luck. Always has been. Plenty of talented people can manage not to make it huge.
I have a co worker that talks about the election and who is/was president and how that is going to solve her financial problems. If you are counting on the president to come and rescue you, you don’t have accountability for your own finances. This is the land of opportunity. Wake up. I have read so many books and have a really good comfortable life. No worries. I was retired but need to work to stay sharp mentally and to have purpose. I am 62 and have always done 2 things; side jobs, rental properties, pizza franchise, graduation from college, driving Uber, whatever. I am currently receiving a pension and a salary as a teacher. It is no longer about money. It is about leaving a legacy and enjoying life. I liked your videos about verses in the Bible about money. I do not belong to anyone else’s religion or interpretation of the Bible, but you have shown what I have read about with the history of wealth. A great book is “The Richest Man in Babylon.” There have always been poor, and there have always been wealthy.
I’m enjoying this book right now!
Gonna buy this book soon... thank you Gabe 👍🏻
Hope you enjoy it!
@@GabeBult i will since it's suggested by you 😊
Love this video, you've convinced me to buy the book. I kept trying to find it for free at the library (because frugal) but they don't have it. I love the last point on your list of how to get rich quickly - give them hope. So beautiful. I'm definitely taking this advice to heart in my future videos. Thanks for shifting my inner dialogue thought process❤
The internet is saturated with these kinds of videos. The assumption UA-camrs and Podcasters always make is that working a 9-5 is terrible and everyone hates their jobs. To the contrary, I love my job and I get paid relatively well for doing it. I love going to the office and being around my colleagues. My job gives me purpose and a feeling of satisfaction. Sure, I’m not a billionaire and I cannot afford a Ferrari but I have zero interest in buying a Ferrari. I live very comfortably in a nice home and can afford a couple of foreign holidays per year. I spend my free time with people I care about doing things I enjoy. By living life in the “slow lane” I should be able to retire comfortably in my later years if and when I choose to. I have something a billionaire will never have (i.e. enough).
I’m very glad someone finally said this. These UA-cam videos sometimes make people feel bad for living a content life.
This video is obviously not for you
For some people is good to live 1000yrs At 60MPH
O
For others is to live 100years at 600MPH
just be happy. This is the goal
i hope you never do.. but if you get laid off for no reason then you'll know "just working" is not enough...
Some people don’t want, and aren’t meant for, an average ordinary existence.
Love it. Much easier to comprehend. 😊😊😊😊😊👋
Wow, so 👏 good 👏
I need to read this one!
I see, back too that new tesla again ;) Side note, The new Tesla model 3 facelift has so many small improvements. Ideal time to get one soon perhaps. Cheaper too vs the old one. If your getting a new one
I LOVE THIS GUY, WE THINK A LIKE!👏🏽👏🏽👏🏽👏🏽
Now if I could just take his advice and stop scrolling and start writing and creating, maybe I will make those millions. I'm even ok with thousands😅😅😅😅
This book was great!
@@GabeBult 😊
Really enjoyed this video Gabe!
Thanks 👍
I love your content bro 😎
MJ Demarko is a legend!
Hope I can find this pdf or at the library! Doing no spend for a few months hahaha. Thank you for the recommendation and thanks to everyone who also added their recommendations!
This is the best expense you'll have in your life. Its cheap on kindle
Super Cool ! Very helpful . Thank you so much
hey i am rich i did use dividend by 30 also this a great book
I currently reading it, a fascinating book. Wished you spoke also about the 5 commandments mentioned in the book. Hope to see that in another video...
12:17 plans are worthless without action
100%
Great video man!
Thanks Gabe
Thanks for the great video Gabe. I have just got the book on audible.
Love this book!
100%
Ok, I subscribed. Thx!
UA-camrs say "50, 60" like it's "90, 100". I just met a 72 y/o who started a business last year and is doing extremely well.
Great video!
Thanks! It's an amazing book
Unfortunately, this advice only works for starting a business, being an entrepreneur to affecting millions, etc. Being in the military, which protects/affects millions, won’t make you rich. It automatically puts me in the slow lane, but at least I know I’m helping the rest of the country get rich 😢
Don’t feel bad. This content has good wisdom, but it also shouldn’t apply to everyone. We need teachers, military, etc. godliness with contentment is the greatest gain. Don’t aspire to be “rich” or “better” than the other 99%. It’s a vain way to live. I think Gabe loves what he does and does it for a deeper purpose so it works for him.
Nice book list. A Teenager’s Guide on how to Invest Like Warren Buffett and Charlie Munger is a great book for new investors.
Guys. Get an education in a paying industry or go into the trades. Live below your means, enjoy your life.
None of us are the next Bezos
90 percent of people aren't. The average person would probably do well with the mundane day to day of a 9 to 5 and investing smartly in etfs properties or other assets they can get paid from. It gives them stability and I want to point out that businesses often fail, and fail badly. As in no money and the person doesn't have but a nickle and dime to rub together. That conveniently is never experessed by any business gurus.
“You need to raise your value to society.” I dunno if that works in the US but in western Europe it doesn’t. The most important jobs in 1st world countries are those that make sure people get educated, that make sure people can actually get to work, or that make sure people stay healthy. Yet, teachers, bus/train drivers, people working in daycares, and people working in healthcare get a very low pay here. At the same time there are people who just grab all the money they can at the cost of other people, the planet, and even at the cost of society and businesses (talking estate agents, people working the stock markets, etc) who get all the money while they have no value to society. And they complain when low paid people can’t take care of their kids or drive them to works because then they can’t grab more money.
He's talking about scaling up the value, not doing something more valuable. So can you help a million people get healthy instead of ten? Educate thousands instead of hundreds etc. A small value to millions is more financially profitable than a large value to one person (i.e. designing an app is sometimes more profitable than a brain surgery). It's silly but true.
I think it's a bit simplistic to say it's your fault for taking a job that pays $11 an hour if there aren't other jobs available to you in that moment. You take the best you can find, if $11 is the only thing what's available then that's what you take. How stupid to talk down to people as if they haven't already thought about getting a hire paying job
What he means is don’t take the job because it limits your ambition it traps you. If you don’t take the crap paying job you can and will have to start something your self and this will make you far more money in the long run instead of taking a safety net to being a pawn
@@claytonmerriman9920Yeah, only people with mommy and daddy’s money can afford to work for 0 dollars and still not starve to death.
@Muralath I think a more accurate representation of the argument is that you shouldn't get complacent. You may have to take the low pay job just to get by, but you should be spending any and all free time you have developing skills and looking for better opportunities.
You can literally take an apprentice trade job and make $25-30 per hour. It’s not the job markets fault, but the lack of some ppls vision or work ethic.
I think you take what you can to pay the bills and keep building on top of it… that’s just my 2 cents
This is incredible. You make everything clear, simple and appliable. Thank you for your content
Hi Gabe,
You mentioned a book about one thing.
Could you give me the full title and who the author is please? Thanks!
By the way...SCREW what other people think!!!
Greatings from Poland!❤
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How old were you when you moved out originally? Love the content!
Love the book but to be honest, 95% will not even take the slow lane and saving 10-15%…
That's true. The goal is not to be normal though
Yep and even that can land your pretty freaking wealthy
All so true
Not my favorite of your videos, but keep it up!!
I like your frank content
Good advice. But just stack Bitcoin and wait a bit is a better strategy.
Thank you
🙏
Wow you said stocks are in the slow lane and now you are sponsored by webull😂
Great informative video.
At 8:54 you say, it’s completely free to subscribe to youtube channels and watch your videos. It’s crazy that we haven’t subscribed to you.
However at 9:32, you also say that time is the most valuable possession and it’s completely insane to stand in a lane to get free stuff (or doomscrolling, which is how I discovered you).
You're totally fine to unsubscribe and never watch me again lol most stuff is not useful that is on here a few things can improve your life I'm trying to be one of the few things that can be improve your life
@@GabeBultno sir, this was actually an awesome video. So much noise out here in the garb of personal finance, but your content is relatable, actionable, and totally entertaining! I was just being a bit cheeky as those 2 conflicting messages were funnily so close to each other. No offense, have a good day!
1,2m is not enough for retirement?
No, do the math. You retire with 1,2m at 62 and you become 85 or 100. prices will increase drastically and your needs too.
yeah plus you'll be all jacked up and need to pay insane medical bills and probably have to pay for people to help you@@sebastiankleber8810
Inflation will eat that 1.2M alive
Hmmm. Wow.
Did i miss the part about the Fast Lane? or was it just not mentioned?
We r truly out of control if we can retire on 1.2 million.
Edit- you say you trade five hours for two days off (sounds pretty good) Think it should be five days.
So people earning minimum wage have no value to society... wow.
Minimum wage hasn't risen with inflation for decades but the value minimum wage jobs have to society hasn't changed e.g if you stack shelves for a living, if you clean the streets etc. I think you need to reevaluate your views and get some perspective 😑
Start with zero money and become a millionaire, see how its all about hard work and mindset then.
It has value but when there's millions of people that would do the same job as you and get paid less then maybe you should consider learning new skills that make you have less competition and earn more.
Jobs like cleaning streets are not as easy accesible as before because of how saturated it is
I notice that human have 10 fingers and you mentioned 9 ways to affect 1 million people then I need the number 10 to make it a complete human hand?
I sent this video to a young man in desperate need of guidance.
I hope he'll learn to stand on his own, because, whoooo, does he have a hard time goin'!
Also, thanks for reminding me to develop that "two sentences a day" habit for writing. I really think I could be remembered as a great writer some day, and I hope that dream becomes a reality. If nothing else, I'll be remembered as a niche pioneer!
Not 10 years.
Five years brother.
From the moment you 'line up your ducks' it takes 5 years to make it.
Atomic Habits has to be up there in the top 5
Along with The Millionaire Fastlane haha
That's definitely one of my favorite books on habits
❤❤❤
💯✊
Never waste your money on fake processed food.
Dude who got lucky enough to get big enough to earn income from UA-cam tells people who are getting laid off that it's their fault they work at a company. Classic.
I need to win the megabucks.
So sick of the "if you're not making good money it's because you have little value to society." Really, really think about that. Such "normal" conservative dribble. This mentality infuriates me. You can talk about making money without diminishing the work of others who are in service roles (which society cannot do without.) The impact on society is compounding. As a cleaner, you impacted more people than you think, albeit indirectly. If you served 1,000 people who each served 1,000 people you impacted one million - and that's only two degrees of separation. Lots and lots of people are working in positions that are "deep and narrow" rather than "broad and shallow." Those deep and narrow jobs often don't pay or are limited in the amount of income that they can earn, because many cannot afford to pay the real value of what they are getting. (Some examples: stay at home moms, social workers, nursing home workers, daycare workers, teachers, EMTs, and others who serve "the least of these.") Those jobs are also often emotionally and physically exhausting. But, no, tell those people they have little value to society and they need to build a business when they are done with their work day (if it ends.)
When millions of people will do the same job as you and for less money then maybe what you're offering is not as valuable as you think.
Everybody is moving quickly to Big cities looking for a job like cleaning streets when there's not enough job for everyone so they start filtering people out asking more requiriments for a simple and ordinary task.
So even now with tecnology taking jobs maybe it is important you must ask yourself how much value you're adding to society. It's clear no matter who you are you must to continue learning and growing in order to not be filtered out or getting paid so low for your time.
@@NirketMusic No, that's not how it works. Go look up all the states that can't find teachers. Not enough teachers to go around because the pay offered isn't worth the work involved. States aren't raising pay because people don't want taxes raised. I live in North Carolina. They are BEGGING for teachers. The perceived value is there, but not the pay. There is no direct correlation between value and pay in many, many jobs.
@@heatherniemisavage I agree teachers are really underpaid even where i live. But sadly that's because they are not seen worth enough.
When the lack of teachers gets more extreme it surely is going to change for better.
In the end the law of offer and demand regulates the market.
We can translate this into dating. Sometimes a person doesnt see your value until he/she runs out of options and gets desperate so he/she comes back to you.
Meanwhile you can move on into people that values you and it is easier when you're constanly working on yourself.
Just to put an example maybe learning the language of a country that pays teachers very well could be the door to get better opportunities.
If you buy a farm you need a truck not a Tesla
Or Tesla truck 🚛 lol
Why is it always 'a guy' ? 😢
that's yet another bs video, thanks
Written by a spammer 😮