Warren Buffett and Charlie Munger are great examples of 2 VERY wealthy individuals who didn't significantly increase/upgrade their lifestyles. Living well below your means is crucial for achieving long-term financial success.
These are things we should be taught from an earlier age, to be better equipped to navigate through life Love how this channel has grown, allowing for more and more people to get educated
What I find persons never mention or give a good idea is the balance of cash to have on hand vs amount tied into investments... Yes you always hear keep 3-6 months emergency fund that you do not touch unless required but that's about it. Advisers always say cash is trash but yet you need it to survive day to day, bills, food, house repairs, living an actual life of experiences, etc, etc. For me this is valuable information to help inform a strategy.
Keep in mind that a lot of advisors are simply horns, just amplifying waveforms (voice, other people’s words) that they hear. YOU have to know what makes sense for you, I am building up a year of emergency funds because that’s what makes me feel comfortable, then after that invest like crazy. 401K still doing it’s thing during this time. Rotating cash to pay bills and live is not usually accounted for in the “cash is trash” discussion. You’re expected to cover your daily expenses responsibly.
Best advice for working young folks is to be systematic in saving and investing through thick and thin. Dollar cost averaging over many years will be richly rewarded.
Truly amazing interview; so many gems dropped, from the importance of compound interest, to investment books to read. Thank you for this video and this channel , it’s helping a 30 year old like me realize the value of money. ✊🏾
Perfect example of the risk is not holding assets, not a downturn. XLK has returned a whopping 20% per year the past 10 years. Savings accounts have averaged 0.5% in that period. That's 40x the growth of your money.
Hey I agree with the question of the interviewer about how these times might 'actually' be different. We are heading to a hyperinflationary environment. It looks like we are mathematically approaching a point where the national debt will need to be printed away. Why does no one on your channel ever talk about gold and silver, but only about derivatives of an inflating fiat currency? (Cf. Exter's pyramid.)
I think one thing he should think about is that he says he has a lot of 'smart' people on his team etc. That's a big pitfall among investors. We often think we, or a friend or leader, is smart and they know better than the crowd. It's not about being smart, it's about experience, education leading to the right temperament. I read that engineers don't typically do well in investing bc they think they are smart....
I want to pls ask about what to say to someone who has tons of people that have done the kind of investing example you explained about compound interest but without results and they invested huge sums of their life time savings and over time nothing to show for it. They say investment is too risky because it's difficult to know the right company to invest in that will yield such compound interest. You also mentioned spreading of ones investment in that example of compound interest, pls what are those things we should look for in companys before investing in them and how best do you advice we spread our investments. Thank you Sir
I would suggest a managed account in a low cost company, chiefly Vanguard or Fidelity. The account manager will take in account you current income, assets & speak to you about your goals. There's more to it but they use all the information and come up with a plan. The plan will recommend how much to invest on a monthly basis and conservatively project. Having an account manager may require a minimum, I think $50,000 to start. If you cannot start with that then you can do it yourself. Buy a S&P 500 index fund and keep putting in money. If you have decades to compound then you will be wealthy when ready to live off it in later life.
The government didn't have to intervene. It panicked and government always thinks it has to do something. If the FDIC and related agencies did what they're supposed to do, it would've lasted a little longer, new banks would've emerged and we wouldn't have as much crony capitalism as we do today from the Fed.
I have a question about that UPS employee story. If he invested his 20% in stock (shares), then how can we talk about compounding? Compounding is about your bank account. Shears is not money yet until you sell it. Individual don’t pay taxes on what they don’t sell yet, it’s not your income until you sell it. Today you may have $200k tomorrow the shares can be $0. Could anybody explain it to me? May be I’m missing something. I’m not an investor, but I want to be.
Opening comments on the difference between 08 and now, he states that now is a slowdown caused by inflation and interest rates. This totally misses the watermelon down the strike zone. The rate hikes will cause a much broader crisis than a slowdown, and we are already seeing signs of it such as bankruptcies up 61% from a year ago, SVB, NYSB, the Fed creating special lending facilities, and much more. The Fed has already acknowledged that almost 800 banks are in dire straights because of the rate hikes. And those hikes need 12-18 months to settle in, so that is why we are just beginning to see the effects in the last 4-6 months. CRE vacancy rates, mortgage rates eliminating both supply and demand, and much much more. There are so many moving parts here, it’s not just the Fed and how it will react in another 6-12 months. The rest of the world is already moving out of the dollar and it’s only a matter of time. This crisis will make the Great Depression look like a kinder shpiel.
Robert Kiyosaki says that investing in the market is for suckers. He's all about leveraging into real estate and owning tangible assets. Just curious how Mr Zamel would reconcile that.
did the guy give you a list of questions to ask him? everytime you ask something he literally goes down to his sheet and reads off of it. it's not like he looks through it, because as the interview went on he keeps turning the page one by one.
400% more USD was printed in last two years. The other 20% was printed in the 242 years prior. Ask a question out of the box, what/where to invest in, if and when USD is no longer the Petrodollar/reserve currency ?
@@RobbsHomemadeLife ''The increase in the core rate over the past year escalated to 6.3% from 5.9%'', latest ''massaged'' figure. We are getting taxed heavily by overprinting money and the tax is collected by inflation. I hope more people will understand that. Perhaps, investing in jurisdictions(countries) where fiscal policies are more prudent. If back to gold standard, the Ponzi scheme will collapse. Massive wealth destruction in USD term....
This guy offered lots of good advice. But I was disgusted how he touted the ability of a financial advisor to set up debt as one of their benefits. Otherwise great interview.
If investing in stocks has no expiry date and its forever as he says 44:40 and you should never be selling, how does that benefit you eventually because if it doesn't change my life for the better investing is pointless.
GUYS ! im from Morocco and not jewish and i love your work , always watch on YT and Apple Podcast ! keep it up
Warren Buffett and Charlie Munger are great examples of 2 VERY wealthy individuals who didn't significantly increase/upgrade their lifestyles. Living well below your means is crucial for achieving long-term financial success.
These are things we should be taught from an earlier age, to be better equipped to navigate through life
Love how this channel has grown, allowing for more and more people to get educated
This is the content worth eatching these days. Neutral, educative and above all entertaining.
i'm almost 70 and i am listening. don't count us out!
What I find persons never mention or give a good idea is the balance of cash to have on hand vs amount tied into investments... Yes you always hear keep 3-6 months emergency fund that you do not touch unless required but that's about it. Advisers always say cash is trash but yet you need it to survive day to day, bills, food, house repairs, living an actual life of experiences, etc, etc. For me this is valuable information to help inform a strategy.
Keep in mind that a lot of advisors are simply horns, just amplifying waveforms (voice, other people’s words) that they hear. YOU have to know what makes sense for you, I am building up a year of emergency funds because that’s what makes me feel comfortable, then after that invest like crazy. 401K still doing it’s thing during this time.
Rotating cash to pay bills and live is not usually accounted for in the “cash is trash” discussion. You’re expected to cover your daily expenses responsibly.
Especially commission based advisors have the incentive to invest your cash so they have more commission from the investments they sell.
❤❤❤agreed
Best advice for working young folks is to be systematic in saving and investing through thick and thin. Dollar cost averaging over many years will be richly rewarded.
Incredible interview!! Those last few minutes of Aric dropping those gems are life changing!
Been looking forward to this! Wish we could get several episodes per week! Keep doing Gods work!
Amazing conversation, great channel! His final comments were like gems !
Thanks Dave!
This is what every child should be taught before they become adults
We should All put into practice what Aric Zemil teaches us!
This is the best podcast ever feel like im truly getting the real keys to success $
You Always have great speakers on this channel. Great job once again!!!!!
This was so good. The amount of knowledgeable and wisdom you're sharing is very humbling. Thank you.
Truly amazing interview; so many gems dropped, from the importance of compound interest, to investment books to read. Thank you for this video and this channel , it’s helping a 30 year old like me realize the value of money. ✊🏾
Possible Topics: Estate Planning and Trust Funds.
Super enjoyable and I would love to hear/see Aric again on this show!
I really love this show, i have learned great things
Amazing video, i want more. I like very much this guy.
thanks for sharing this interview!!! future chapters plsssssss real estate, reits, 1031...
Great conversation! Compounding all the way
all that's supposed to be teaching in the school, thanks 😉
Shalom! Amazing interview.
In my 20s here. From Bala Cynwyd. Listening
Hi guys !!! Amazing channel 💪💰
I'm a new subscriber from Guatemala. Thanks for the information and effort
Thanks for subbing!
Kosher SchMoney, for the 🏆
I love Kosher Money and Living Lchaim! I can't believe Eli is 36! Thought he was early to mid- twenties!
Thank you very much
Great content
greetings from England
Very insightful conversation!
A beautiful episode.
Great episode guys
Eli - Great show!
Ask: Where are the best places to take advantage of compounding interest? Specific ETFs? REITs? Stocks?
Just invest in the American market VTI VOO etc
Very informative! keep up the good work .Greetings from Zambia
I gave to colel chabad, they're great😀
Hey kosher money can you do a show talking about pension and annuities.
Helpful, mightbe helpful to put the camera not mounted on the table coz as the host is pounding the table the frame seems to move.
Best episode by far
Wow I learned a lot in this one !!
Perfect example of the risk is not holding assets, not a downturn. XLK has returned a whopping 20% per year the past 10 years. Savings accounts have averaged 0.5% in that period. That's 40x the growth of your money.
Which year that UPS employee retired and got 70mills?
Thanks as always this was very helpful at the right time
Hey I agree with the question of the interviewer about how these times might 'actually' be different. We are heading to a hyperinflationary environment. It looks like we are mathematically approaching a point where the national debt will need to be printed away. Why does no one on your channel ever talk about gold and silver, but only about derivatives of an inflating fiat currency? (Cf. Exter's pyramid.)
Where would you put this money?
I love the interview and the channel.. always sound advice given. Thank you
I think one thing he should think about is that he says he has a lot of 'smart' people on his team etc. That's a big pitfall among investors. We often think we, or a friend or leader, is smart and they know better than the crowd. It's not about being smart, it's about experience, education leading to the right temperament. I read that engineers don't typically do well in investing bc they think they are smart....
Powerful content.
This was awesome...
Great examples.
I want to pls ask about what to say to someone who has tons of people that have done the kind of investing example you explained about compound interest but without results and they invested huge sums of their life time savings and over time nothing to show for it. They say investment is too risky because it's difficult to know the right company to invest in that will yield such compound interest.
You also mentioned spreading of ones investment in that example of compound interest, pls what are those things we should look for in companys before investing in them and how best do you advice we spread our investments. Thank you Sir
I would suggest a managed account in a low cost company, chiefly Vanguard or Fidelity. The account manager will take in account you current income, assets & speak to you about your goals. There's more to it but they use all the information and come up with a plan. The plan will recommend how much to invest on a monthly basis and conservatively project. Having an account manager may require a minimum, I think $50,000 to start. If you cannot start with that then you can do it yourself.
Buy a S&P 500 index fund and keep putting in money. If you have decades to compound then you will be wealthy when ready to live off it in later life.
excellent!
As trader what could l do as adviser to glow my business
The government didn't have to intervene. It panicked and government always thinks it has to do something.
If the FDIC and related agencies did what they're supposed to do, it would've lasted a little longer, new banks would've emerged and we wouldn't have as much crony capitalism as we do today from the Fed.
I have a question about that UPS employee story. If he invested his 20% in stock (shares), then how can we talk about compounding? Compounding is about your bank account. Shears is not money yet until you sell it. Individual don’t pay taxes on what they don’t sell yet, it’s not your income until you sell it. Today you may have $200k tomorrow the shares can be $0. Could anybody explain it to me? May be I’m missing something. I’m not an investor, but I want to be.
Opening comments on the difference between 08 and now, he states that now is a slowdown caused by inflation and interest rates.
This totally misses the watermelon down the strike zone.
The rate hikes will cause a much broader crisis than a slowdown, and we are already seeing signs of it such as bankruptcies up 61% from a year ago, SVB, NYSB, the Fed creating special lending facilities, and much more. The Fed has already acknowledged that almost 800 banks are in dire straights because of the rate hikes. And those hikes need 12-18 months to settle in, so that is why we are just beginning to see the effects in the last 4-6 months. CRE vacancy rates, mortgage rates eliminating both supply and demand, and much much more. There are so many moving parts here, it’s not just the Fed and how it will react in another 6-12 months.
The rest of the world is already moving out of the dollar and it’s only a matter of time. This crisis will make the Great Depression look like a kinder shpiel.
Robert Kiyosaki says that investing in the market is for suckers. He's all about leveraging into real estate and owning tangible assets. Just curious how Mr Zamel would reconcile that.
Warren buffet: Hahahahahahahahah
did the guy give you a list of questions to ask him? everytime you ask something he literally goes down to his sheet and reads off of it. it's not like he looks through it, because as the interview went on he keeps turning the page one by one.
400% more USD was printed in last two years. The other 20% was printed in the 242 years prior. Ask a question out of the box, what/where to invest in, if and when USD is no longer the Petrodollar/reserve currency ?
I have been asking myself the same question. The only thing I could think of is to diversify as much as possible.
@@RobbsHomemadeLife ''The increase in the core rate over the past year escalated to 6.3% from 5.9%'', latest ''massaged'' figure. We are getting taxed heavily by overprinting money and the tax is collected by inflation. I hope more people will understand that.
Perhaps, investing in jurisdictions(countries) where fiscal policies are more prudent. If back to gold standard, the Ponzi scheme will collapse. Massive wealth destruction in USD term....
The had better come a time when you do some good for others with you money.. and the sooner the better.
Levels
Genius
I wish I listened to this podcast earlier…
Disagree that those banks were victims of the recession
How can I talk to this person? Does he have an Instagram account or something like that? Or a website?
His contact info is in the description of the video.
This old man says get NICER validation permission trust security system to avoid the estate plan forgers and no administration plan counterfeiters.
How can someone making 14k (even years ago) possibly afford to invest 20% of his paycheck- or any percent at all? He may have had some other help.
This guy offered lots of good advice. But I was disgusted how he touted the ability of a financial advisor to set up debt as one of their benefits. Otherwise great interview.
Sounds like Christopher Walken
If investing in stocks has no expiry date and its forever as he says 44:40 and you should never be selling, how does that benefit you eventually because if it doesn't change my life for the better investing is pointless.
Wouldn't it be fun to be super old with a lot of money? Just let it compound and never enjoy it
$10,000 per month? What about for the little guy in their 50s making the minimum let’s say $14 per hour working at Starbucks? 🤔
Im so poor
So annoying: smashing that table non-stop with the hand and with the watch, arghhh, cannot listen to this.