Rich People Have One Rule | Millionaire Mindset Shorts
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- Опубліковано 29 сер 2022
- Brad Lea Podcast: Is lending out money a good idea? Find out what entrepreneur Brad Lea has to say in this Millionaire Mindset Shorts
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I learned this the hard way. I loaned a friend money to start a business and it failed. All of a sudden I was a piece of shit. I read a book a little later that said "People will hate you directly proportionate to how much they think they owe you." Now, I don't loan money to anyone.
Which book was it? Thanks 😊
Remember the book title?
I heard someone else on this matter, and they say that in this situation they say: "Look, I'm going to give you this money and I don't need you to pay it back, but our deal is that you never ask me again". Absolutely brilliant way of telling genuine need and manipulation apart.
Dave Ramsey
O'leary :)
O'leary :)
Lending money to family or friends can ruin the relationship, If they truly need it, give it as a gift. 💖
Not if you pay it back
I agree , or if friends need money hire them doing a project for u using what ever skills they use for work when possible to earn what they are trying to borrow so they don't owe n avoid u after borrowing, I always hated trying to chase down my money i didnt need to loan out to begin with
@@Jackmerius_Tacktheritrix5733EXACTLY! I borrow money to family and friends - never had any problems with them paying back. It’s normal
when it comes to family....i give
Sometimes you can’t tho if they just spreading money on things and you keep getting them money once you become rich they think there rich too once you say no they want what you have 💯
give but not loan...got it
Brad and Grant cardone could pass as brothers
@@jasoncooperlawncare101 are they really? cuz they really look like they're acc cousins or sum
Lol.Funny you say that. I clicked on this video thinking it was Grant Cordone. Glad I did.
I’ll lend money, small amounts but I’m the same….don’t pay once, won’t happen again. We’re talking 50 bucks max for gas or food.
Give. Always....family
I don't lend. I give it. My mother doesn't need to ask. I just give her. My family and friends if they ask, I give them when I have something to give. Regardless of how much, they need it. They won't ask anyway, if they don't need it.
Real it sucks, how ever I just give what it won't ruin me.
If you’re reading this please understand that for the last ten years I have let people borrow all sorts of money adding up over 250,000.00 💀 yes, this is not a joke. I have not seen one penny back and most of it was family and friends. I’m about to be 30 in June of this year.
My Advice is to tell people that there is always something worth 50-100 dollars in furniture laying around a normal home. If a person doesn’t want to sacrifice whatever they have to get what they need then the problem has officially become theirs.
Friends, family, partners just don't lend. Only give. Learned the hard way
I’ll give my family money always. They helped groom me
Never lend the money of course just give it to them
True story
When you get indoctrinated into the fact of “Money is a tool rather then something to hold on to .” And you’ve went down the investment route and make more. You start to realize that the little money you make you appreciate it rather then giving it or spending it on dumb things. Which in return you make more money.
Great advise!!
🎉i always give & loan my 👩 parents 💰 money. that's what money's for. & the least u can do!!!
I wish I had these kinds of problems
You dont lend to family, u give! And don't expect back. No arguments, no fights. Some millionaires will probs spend couple of grand on dining with a chick they not with but family, not.
I guess my family is a unicorn. I have loaned to family and got it back all the time.🤔
Haha guess you have normal family and friends - opposite to this 2 dudes 🥴
Because they value you and don’t want to ruin their help.
Thank you for the lesson fr fr because I can actually see if you give them money they won’t do what they supposed to with it.😢
🔥💯
🔥🔥🔥🔥
This is so funny... "oh the problems we have once we have a few millions and our family knows it!!"
Like The Bronx Tale
Sad but true..
Truth
First thing I do when I become rich is give my parents enough money to retire, and live comfortably
Yeah mane I give my mom money… no lend. The whole reason she needs money is cause she doesn’t have any!
If I borrow money from someone , I will give date when I will paid them back..
If I borrow to fiends we sign the contract. As simple as that
If I had it, my parents get whatever they need, no loan. If they are responsible parents, not buying coke, etc…..you’re here cause of them.
The “have this one rule” in red on a black background makes the surface of mu phone 3D 😮
Rich guy problems. LOL 😂
This material is thought-provoking and insightful. A book I read with related ideas inspired significant evolution in me. "Mastering Money Mindfulness" by Benjamin Hawk
I would ask to learn how to make it or to earn it instead of borrowing from someone much wealthier than I.
YES!!!! THANKS!!!! I GOT MILLIONS AND IM STINGY
🎉
This guy watched A Bronx Tale recently.
This is out of the Bronx tale if anyones wondering where this is from
Too much money concentrated in one spot, slows the velocity of money, which does stagnate the economy. A billionaire is going to circulate less money through the economy, than one thousand people with a $1 million dollars each.
Yup been the same way for a long time ill give you if i can im not lending i dont want awkwardness from either side. a while ago my father in law asking me for his son $5k i lend it he starts trying to say u know i gave him $40k and i dont want it back…MF its YOUR son fohh it took 5 years to get it back when 5000 buys u so much less im never lending again EVERR
What’s this guys name?
If I win the lotto I'm giving my friends and family business I bought. I'll give them land I'll build them a house on my land. But I'll make sure they are taken care of with their own money. I might take a royalty from the business I gave them
Ur mom ur dad? Come on Americans!😮
if you're rich, why would anyone in your family need to ask?..
I prefer to pay them to go away.
Lol I just had a kid and they all disappeared, more money for the baby and mama
These ppl make money Thier GOD... To me family is everything.
Ya but not bad family lol
Ya they will disappear most of them
He reminds me of Patriarch
That is shitty rule. If you can’t count on your family, than what’s the point of having one.
I assume that you’re talking about yours pathological/getto families - that’s the different story. They’re addict, didn’t care about you - then it’s justified.
However if you have loving parents, siblings and members in family in need - you SHLULD help them.
The more I see rich people the less I want to be rich.
Said a poor person
Im new rich, last 2 years. It’s not as cool as i thought. Seriously 😒
why because they made better finacial decisions, lived way under their earned money to save become rich, worked hard to have several income streams instead of one paycheck, maybe worked harder spent less n one day moved to a better neighborhood which may be why they worked very hard for yrs n made better decisions n spent less on things they didnt really need
@@AmericanPatriot-cw9xe No. It's because they all seem angry and high strung. I'm so much happier since I started judging success in smiles vs frowns instead of dollars vs debt.
Great 👏 we need more people like you to wash our cars and flip our burgers anyways.
They seem so sad
I Bet that guy spends $ on girls tho
No means no. Don't be a pussy and say no when you mean no and say yes when you mean it. You're fake as hell
Shame on you
One rule: be corrupted
That dude don't give money to no family and he says he knows it and they probably need it. If I got it ill give it if I'm good my families good. Makes him sick cause he knows maybe they're not that great of people but still family.
He explained that. He said it's the lend vs give aspect. He does give, he's saying lend involves a promise of repayment and strains the relationship. It's a never ending pit.
Give don’t lend 💪🏾🥷