💰 How is Wealth Created | Savings and Investments
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- Опубліковано 2 лис 2016
- How is wealth created? Saving and investing is the key to personal wealth as well as the economic growth.
Learn Austrian Economics in a fun way!
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Econ Clips is an economic blog. Our objetive is teaching economics through easy to watch animated films. We talk about variety of subjects such as economy, finance, money, investing, monetary systems, financial markets, financial institutions, cental banks and so on. With us You can learn how to acquire wealth and make good financial decisions. How to be better at managing your personal finance. How to avoid a Ponzi Scheme and other financial frauds or fall into a credit trap. If You want to know how the economy really works, how to understand and protect yourself from inflation or economic collapse - join us on econclips.com. Learn Austrian Economics in a fun way!
One of the best videos I ever seen about money.
Money speaks only one language: “If you save me today, I will save you tomorrow”
Wow, this video is absolutely amazing yet super simple! My son is 5 months old & I will teach him the "Thrifty Tom" way! I went from spending 80% of my paychecks on booze, cigarettes & meaningless stuff to NOW putting 70% of my paychecks into savings/investments & using 30% for food, bills & other necessities! It's not the amount of money, it's what you do with the money!
Very good informational video.. lessons like this would be so beneficial in schools to advise youngsters the way of money and stop so many falling into financial traps.
"wealth is created through self sacrifice and taking risks." - This is great!
This is definitely a simple way to break down how wealth is built
For some reason, i expected Peter to buy again a luxury house and a car immediately after getting a job from Tom. Cuz thats what real life Peters do
Whatever you have and which another "man" thinks is "valuable" for him , is your "wealth"
I multiplied my efforts in business by franchising my business 15yrs ago. Been good times since because low overheads, no staff, no suppliers, huge line of patented intellectual property. Product is legal requirement so no end to demand, recession proof. I am thankful for never giving up after falling many times. Failure is the best teacher in life and busines.
That's great how every business venture thrifty Tom started was a success, even after economy crash, just like real life ;-)
Only a true investor understands the benefits surrounding the market. I had my doubts as a beginner but eventually it all became clear to me. Failure doesn’t defines you but only gives you an experience.
this is so true and accurately depicts a employee mentality vs investor mentality
"How an economy grows and why it crashes" is a great book to read.
You missed a key case about Tom: when some of his investments go wrong and he actually loses money on them. This an IMPORTANT case that
Well I am 57 and retired since 50 This is pretty obviouse stuff to me thats what I did lol. But for a young 20 year old this video is fantastic!
The thing that struck me the hardest in this creating of wealth video is when the fisherman built a spear(the smoking gun). Because that spear(a product from innovation) was a means for him to gather more fish. And that fish represented finance, or money.
'To being wealthy , you need to sacrifice freetime and enjoyment.'
This is immediately my favorite video about money.
This video should watch each Keynes' follower. This is how the wealth is created.
My dads greatest advice ever: Never ever take a loan. When I was 24 the bank issued me a credit card without me even asking, I didn't need it and thought of it as a cool gig that I wouldn't use, my dad kept on me until I returned it to the bank. I'm 32 now, married, two kids, no debt what so ever, never had actually. I'm very thankful.