Yo, friends! Let me know if you'd like to learn more about the Tactics of Investing. If there's enough interest, I'll host a free live training for subscribers!
Anthony, you did not tell anything I did not know already but... you did it so well that you just won a new enthusiastic subscriber (from Italy) and a well-deserved "like". Congratulations!
im so impressed with your information and way of delivering it. I have read few books myself (including the Richest men in Babylon) and watched many financial advisers on UA-cam. you my friend speak facts and actually made an impact in my life. Im in the middle of writing my roadmap of changing my life and steps I'm going to take to achieve something better than life i live now. I have nature of being lazy and giving up after a while. and this is going to be my biggest battle. I Lost my job last week and from tomorrow I need to find a replacement. im sure i will find but the problem lies in the fact that I have never secured a safety pillow and this brings more stress then ever. i believe i had to get into this situation to understand that this has to stop! Thank you for your vids. looking forward for upcoming content
The point about the "Magic Triangle of Investing" is spot on. For entrepreneurs, understanding the balance between liquidity, profitability, and security is crucial, especially when it comes to managing cash flow for business operations versus long-term investments. Remember, diversification isn't just for your portfolio, but also for your income streams to mitigate risk.
100%. Just by understanding the push and pull of these three levers, you'll be in a far better position to survive whatever the world throws your businesses way
Only when you have it. I"m 47 and I've just reached like 130k in my IRA and 100k in an etf through a brokerage :/ I'll be dead before I see financial freedom at this rate
@@Novaximuswith 100k in s and p 500 and with average 10% rate and if you put 200$ every month till you are 62 years old you will be having 500k sitting in your account and at 67 that would compund to 800k, you can enjoy your life with that sum of money easily❤
Great video Anthony! Only thing that struck me is your explanation of inflation and not mentioning money printing, which many argue is the main reason why we have inflation. As technology advances, things should get cheaper and cheaper but it’s kept artificially higher thanks to money printing.
It might be the main cause of inflation given our current economic system, but it's not universally applicable: IE: if a society's fiscal policy is tied to a finite source (bitcoin or gold), then this form of inflation will not occur. Whereas, Cost-Push Inflation occurs regardless in all economic models.
Compound Interest... It's worth noting: *Even 2% in a savings account is by definition "Compound Interest". But as you stated that it's below inflation. So "Compound Interest" as a word is only as good as other variables attached to it. There is Below Par Compound Interest & Above Par Compound Interest. There are also financial anomalies and catastrophes that can wipe out collected or earned Interest. Unfortunately there is no easy way to explain "guranteed" or "safe & effective" financial investvesting. Thanks Anthony for all that you do, James
13:04 Wait- $1 doubled after 20 days is not $5,242 [not sure where that number came from]. it's 2^20 or $1,048,576...and after 30 days $1 doubled is $1,073,741,824 not $10,737,418. A PENNY on day 1, doubled each day, ends up becoming >$10M after 30 days. I wonder if Anthony put that error in intentionally to teach listeners to DO THE MATH!!
ha, I wish it'd been so intentional, but no.. I screwed up when writing the script. It should've been one $0.01 doubling every day for 30 days (not $1). Whoops!
@AnthonyVicino Your math is also wrong in the ox example. According to Wikipedia - crowd: 1207 lbs, true weight: 1198 lbs. That's 9/1198 = 0.0075 = 0.75 % ~ 1%, not 0.01%. Just like in your dollar example you are a factor of 100 off.
I definitely screwed up my reading of the script there. In the original article I have it just written as 0.01. When recording the video I must've thrown in the percent at the very end instead of converting that 0.01 into a percentage. This shit ain't easy, guys. ;)
When is part 2 coming out?? Super keen to hear your specific take on the practice of investing and strategies! You are the most underrated UA-camr on business and finance, you've got my respects all the way from Australia 🤙
When you have a lot of $ invested you need to think geometrically and not arithmetically, particularly in terms of risk management. What’s the difference between an 80% loss and 90%. Is it 10% or 50%?
Let's do it. You are one of the most down to earth, easy to understand guys on the internet. But Anthony...this all seems to apply to the younger set. It seems a bit depressing if you weren't educated on finances in your younger days, and being older now time doesn't seem to be on my side where growing money is concerned.
That's true, unfortunately. If you're just learning about finances and investing later in life, you don't have as much time on your hand... but you do still have time, so use it. Start investing as soon as you can. Don;t delay simply because you feel you missed the boat.
you always hit the spot, man! )) that bit about *saving is an illusion** so true! got me thinking big time) by the way, i shot you a message over on insta - about some work stuff i'm dealing with. let's catch up on it sometime, thank you and keep the awesome content coming! ✌@@AnthonyVicino
compounding 200% ? i been inesting for a few months and it never want up, it just the same or goes down. how do you find these compounding such as dubble a penny for 30 days and get $1000000?
I am having a hard time beliving that Ox weighed more than 9.000 pounds. That had to be the biggest Ox ever seen by a mile! That's like 5x a regular size one. I think your math is off. Otherwise great video!
Yeah, I mentioned this elsewhere, but I screwed up when reading my script. On the script I wrote 0.01, but I said 0.01%. Order of magnitude off, whoops.
The fact that you ignore crypto and suggest it's gambling is a mistake. I agree with a lot your points on investing, and skipping a whole asset class like bitcoin is not doing you community any favors.
The last 3 years had harshly taught Americans that saving money is like working for free. Sadly, I think this has pushed people into the habits of spending their money on liabilities since what's here today is just going to be gone tomorrow.
Compounding interest is a nice bedtime story, but who is really going to give you back a compounding amount? I have never connected from that concept to anything that gives more than 1% return on average.
I often wonder, what if everyone invested? Money has to come from somewhere. If everyone was living off of dividends and not working then where does the money come from? Nobody is producing anything. The value of money is starting to become worthless.
Your example presumes everybody has enough money TO invest and live off. But what about younger generations who are just entering the workforce? Where do they get their money? That's right, by working (or producing). Your example IS what is supposed to happen. You work for decades earning enough so that you can live off the fruits of your investments (in old age). The problem is most people don't know how to play this game properly so they get to "retirement" only discover they don't have enugh investments to live off... and so they have to keep working.
Excellent video. Try to experiment with some illustrations and / or images (for example, when you were telling about Warren Buffets compounding effect) and it will blow up even more! 🔥
@@AnthonyVicino the hunt brothers bought up most all the silver and artificially increased the price like DeBeers with diamonds. The market corrected after that. Government notes aren’t true currency and have no intrinsic value. Gold and silver have a track record going back thousands of years.
Anthony your description of inflation at about 7:50 is completely wrong. Supply and demand is not why inflation occurs. Its shocking you would say this. I wonder if you are an honest person or if you seriously believe this. Inflation is a result of the increase in the money supply by means of money printing. The central bank, the federal reserve, has a monopoly on counterfeiting the dollar and there is no end to their ability to print more dollars. As you print more of any currency that currency becomes less valuable and all goods and services denominated in that currency increase in cost. Did you seriously not know the government prints money anthony?
Google Cost-Push Inflation and then come back here and tell me which of us doesn't understand inflation. I clearly said "there are a lot of factors contributing to inflation, but one of them is..."
@AnthonyVicino Yes, you do not understand inflation if you think cost-push inflation is responsible for inflation beyond localized and short term events. Do you seriously think the cost of production of all goods has increased 99.8% over the last 100 years? You think we have become less efficient at producing good and services over time? Anthony they printed 1 trillion us dollars in the last couple months. Money printing isnt "a factor" it is The factor. You cant increase the money supply without increasing the costs of goods.
You've contradicted yourself and in the process proved my point. In your first post you said: "Supply and Demand is not why inflation occurs." In your second post you admit: Cost-Push Inflation is responsible for inflation in localized and short-term events. I disagree in your assessment that Cost-Push Inflation is limited to "localized and short-term events", but it's not necessary to probe deeper as you've already conceded the macro-point which I made in the video: "There are a lot of factors contributing to inflation, but ONE of them is..."
To everyone reading. I believe if you're earning LESS than 10Gs per month then you should focus more on learning how to earn MORE instead of focusing on how to save/invest more.
@@chrisbrown2211 I have an SMMA business. So for me it's pretty straight forward. I'm earning almost 6k per month as of the moment but if you're in a job then I'm not sure cus I've never worked one.
The cause of inflation doesn't really matter on an individual level... all that matters is what you do as a result of that reality. For instance: I don't need to know all the myriad reasons contributing to the weather in Minnesota being 20 degrees today... I just need to dress appropriately for the conditions. It's the same with inflation.
@@AnthonyVicino This reasoning seems valid. There is almost something stoic about the perspective you are taking there, i.e. focus on what you can control. However, I would have to point out that paying attention to what the central banks do will give you an indication of what the future of the market will look like. Building on your weather analogy, it would be like checking the weather forecast. For example, whether and how much the Fed decides to cut interest rates this year will have a massive impact on the stock market and especially the cryptocurrency market.
Time value of $$$ is a different concept. If you make $65/hr you are better off working for that he and having your groceries delivered for $15, then spending that hour at the store, plus gas.
Alright the advice and conclusion of this video I (mostly) agree with, it has quite a few factual inaccuracies. 1. The time-value of money is a fundamentally different concept then inflation. Time-value refers to the opportunity cost of what you could have made had you invested the money, generally measured by the risk-free return rate. Even ignoring inflation entirely, items still better to have money today than 1 year from now, because you are giving up opportunities, all the things you could do with that money this year to make an expected return. 2. Inflation Devin caused by supply and demand is controversial. This may be true to some extent because of the developed world's unique position with imports and exports, but if we assume a closed financial system, supply and demand should only change relative prices, not aggravate buying power. Inflation is generally excepted to be caused by the increase in money supply. More money with no new intrinsic value added implied each individual dollar is worth less. 3. The numbers in your inheritance exponential growth example are completely wrong. Starting with $1 on day 0, and doubling each day, on day 31, the girl would have a little over $2 billion. On day 20, when you said ~$5000, she would actually have just over $1 million. She would pass the $5 million mark on day 23 with around $8 million. Also none of the numbers you provided were powers of 2. (If you're wondering, many computer scientists are going to catch this, since we work with powers of 2 a lot ) 4. You said "investing is inherently risky", but i think you meant, investing in the stock market is inherently risky, which is mostly rite, although not totally. You can invest in government bond ETFs through the market which are as safe as government bonds. Obviously, the resale value can take a big hit when interest rates rise, but you will be guaranteed to make your money back through dividends (coupons payments) + resale value over the time horizon of the fund strategy. Although, except for a few notice exceptions like this, this is generally correct. However, investing in treasuries and some municipal bonds is pretty safe. I wouldn't call it inharently risky. 5. I know if no financial advisor recommending you save 9 months of expenses in cash. Thanks like $30-40k for most people. You'd be giving up, on average, $1.5-2k in lost potential market gains. Although i wouldn't call this "bad" advice, in that saving money is still better than not saving money, items quite passive unless you are very near or in retirement. 3 months is generally considered enough time to time a new job or income source. 6 months if you're being conservative. Obviously, if you are at higher risk for unexpected expenses like medical or environmental impact, more savings is a good idea. These are just general guidelines.
Thanks for adding your thoughts. 1. Time Value of Money pertains to EVERYTHING that causes a dollar to be worth less in the future than present. "The time value of money is a financial concept that holds that the value of a dollar today is worth more than the value of a dollar in the future. This is true because money you have now can be invested for a financial return, also the impact of inflation will reduce the future value of the same amount of money." www.investopedia.com/articles/03/082703.asp 2. There are various forms of inflation. I describe Cost-Push Inflation (Cost-push inflation (also known as wage-push inflation) occurs when overall prices increase (inflation) due to increases in the cost of wages and raw materials.) This might not be the primary motivating factor behind current inflation, but it is universal (whereas inflation caused my money printing is not ie: bitcoin). 3. Correct. The example was supposed to be with $0.01, which only strengthens the argument (but I screwed up when reading the script). Whoops. 4. No, ALL investing is risky. Even investing in bonds (just ask Silicon Valley Bank). 5. I didn't recommend keeping 9 months in cash. I said keep them in treasuries or high yield savings. But still, I stand by these monthly expense ranges. Most peopl think 3-6 months of living expenses in reserve is sufficient, but then, most people aren't wealthy. As a good general rule: Don't take financial advice from poor people. I appreciate you contributing to the cnversation, Mathhead!
@@AnthonyVicino Never said it didn't but the dollar has lost 97% of it's value since the creation of the FED. they are absolutely the primary driver of inflation. They are supposed to keep the money supply stable and they have done everything but that. including printing 6+ trillion in the last 4 years. they destroyed the currency. they are the reason you cannot 'save' for retirement. you Must invest so your money can keep up with inflation. US debt 34 trillion. Credit card debt 1 trillion+ auto debt 1.6 trillion mortgage debt of 12 trillion it's all a disaster waiting to happen.
Yes... asking for free things (likes, comments, subscribes) is clearly an indicator of brokeness. Lol. OR (and this is just a theory), we create content to make an impact and asking for those things helps spread it's reach. But what do I know? I'm just the broke guy over here spending tens of thousands of dollars a month to give you free videos to complain about.
Its bizarre not hearing you mention bitcoin. What is your problem with bitcoin? Do you not understand bitcoin? Have you not read the bitcoin standard? What Gives!?!?!?!?
I mentioned crypto exactly as many times as I mentioned stocks, bonds, and real estate. This is a video about the theory of investing. Not the individual vehicles.
@@AnthonyVicino Bitcoin is not crypto and you know it. I haven't seen a single video or post of yours discussing bitcoin. This can only mean to me that you have no idea what bitcoin is
lol bitcoin…. You don’t need crypto just buy bitcoin. Hope these “gurus” sidestep the best performing asset in the least 15 years period is beyond me….
@@AnthonyVicino I’ve been in the space since 2013. Started off mining with free power, so that’s definitely up for debate. But to my point, when speaking on finance at the end of the day this is just math, which brings all strategy conversation down to matters of efficiency and efficacy based on math.
![Lp. Сердце Вселенной #60 РОЖДЕНИЕ ЛОЛОЛОШКИ [Финал] • Майнкрафт](http://i.ytimg.com/vi/YoR0pAV9FVQ/mqdefault.jpg)
Yo, friends! Let me know if you'd like to learn more about the Tactics of Investing.
If there's enough interest, I'll host a free live training for subscribers!
That would be nice, hope you host it
It would be awesome!
Would be great, definitely would show up
Let's do it!
Yes, yes, yes!!!!
Anthony, you did not tell anything I did not know already but... you did it so well that you just won a new enthusiastic subscriber (from Italy) and a well-deserved "like". Congratulations!
I'm really excited to hear that, Alessandro! Thanks for being here.
im so impressed with your information and way of delivering it. I have read few books myself (including the Richest men in Babylon) and watched many financial advisers on UA-cam. you my friend speak facts and actually made an impact in my life. Im in the middle of writing my roadmap of changing my life and steps I'm going to take to achieve something better than life i live now. I have nature of being lazy and giving up after a while. and this is going to be my biggest battle. I Lost my job last week and from tomorrow I need to find a replacement. im sure i will find but the problem lies in the fact that I have never secured a safety pillow and this brings more stress then ever. i believe i had to get into this situation to understand that this has to stop! Thank you for your vids. looking forward for upcoming content
Use the pain and stress of this moment as the catalyst, brother. You got this. Get momentum and keep it at all costs.
The point about the "Magic Triangle of Investing" is spot on. For entrepreneurs, understanding the balance between liquidity, profitability, and security is crucial, especially when it comes to managing cash flow for business operations versus long-term investments. Remember, diversification isn't just for your portfolio, but also for your income streams to mitigate risk.
100%. Just by understanding the push and pull of these three levers, you'll be in a far better position to survive whatever the world throws your businesses way
When it comes to investing try to:
1. Have a plan
2. Excecute your plan (will be hard)
Brace for the difficulty. It's inevitable.
This was extremely insightful, thank you for the value you’ve provided in this video!!
You're so welcome!
"time is an investor's best friend."
Love it
Simple, but true.
Only when you have it. I"m 47 and I've just reached like 130k in my IRA and 100k in an etf through a brokerage :/ I'll be dead before I see financial freedom at this rate
@@Novaximuswith 100k in s and p 500 and with average 10% rate and if you put 200$ every month till you are 62 years old you will be having 500k sitting in your account and at 67 that would compund to 800k, you can enjoy your life with that sum of money easily❤
@@k13team55 :) thanks
YES! There is interest!!! Please create a PRACTICE of investing Part2! 🙂
Awesome! Stay tuned.
Great video Anthony! Only thing that struck me is your explanation of inflation and not mentioning money printing, which many argue is the main reason why we have inflation.
As technology advances, things should get cheaper and cheaper but it’s kept artificially higher thanks to money printing.
It might be the main cause of inflation given our current economic system, but it's not universally applicable:
IE: if a society's fiscal policy is tied to a finite source (bitcoin or gold), then this form of inflation will not occur.
Whereas, Cost-Push Inflation occurs regardless in all economic models.
This 20min podcast could be a 4 year university degree!!! Amazing stuff✌🏻😌
Glad you found it valuable.
Yes for learning ! Thanks
My pleasure!
Compound Interest... It's worth noting:
*Even 2% in a savings account is by definition "Compound Interest". But as you stated that it's below inflation. So "Compound Interest" as a word is only as good as other variables attached to it. There is Below Par Compound Interest & Above Par Compound Interest. There are also financial anomalies and catastrophes that can wipe out collected or earned Interest. Unfortunately there is no easy way to explain "guranteed" or "safe & effective" financial investvesting.
Thanks Anthony for all that you do,
James
Good point
good stuff, let's hear the tactics.
Will do. Stay tuned!
13:04 Wait- $1 doubled after 20 days is not $5,242 [not sure where that number came from]. it's 2^20 or $1,048,576...and after 30 days $1 doubled is $1,073,741,824 not $10,737,418. A PENNY on day 1, doubled each day, ends up becoming >$10M after 30 days. I wonder if Anthony put that error in intentionally to teach listeners to DO THE MATH!!
ha, I wish it'd been so intentional, but no.. I screwed up when writing the script. It should've been one $0.01 doubling every day for 30 days (not $1). Whoops!
Can someone explain to me how a dollar produces less money in the end than a penny. Serious question. I’m math illiterate.
That was very good. I would like to hear you talk on the actual investing part in another video. Thank you.
Noted! Thanks, Mike!
@AnthonyVicino Your math is also wrong in the ox example. According to Wikipedia - crowd: 1207 lbs, true weight: 1198 lbs. That's 9/1198 = 0.0075 = 0.75 % ~ 1%, not 0.01%. Just like in your dollar example you are a factor of 100 off.
I definitely screwed up my reading of the script there.
In the original article I have it just written as 0.01. When recording the video I must've thrown in the percent at the very end instead of converting that 0.01 into a percentage.
This shit ain't easy, guys. ;)
You are the 1% that will be a successful investor.
Wealth and blessings to all
Thanks
worth watching this video ... lot of knowledge sharing... Thank You 🤝
Glad you enjoyed!
Do you mind making a video on the safe way to investing you mentioned(the 5-15% bonus on return)? Would greatly appreciate it!
Sure thing! Working on it.
Good stuff man!
Thank you!
Yes want to see.
Awesome!
Very informative, and easy to understand!
Glad it was helpful!
I love it - gold content
Thank you!
When is part 2 coming out?? Super keen to hear your specific take on the practice of investing and strategies! You are the most underrated UA-camr on business and finance, you've got my respects all the way from Australia 🤙
Soon!
Thank you for the great content, very well explained, new subscriber here, done some stupid sh... on the stock market
We've all been there. You ain't alone. ;)
Great video. I’d love to see a video on the act of investing.
Coming soon! stay tuned.
Thanks for the video, bty, which mic you're using, you sound great!
That is the Sanson Q2U. Great little mic.
great video! please do the practice of if investing video. thank you.
Will do!
thanks love you dude!
I appreciate that, Matthew
When you have a lot of $ invested you need to think geometrically and not arithmetically, particularly in terms of risk management. What’s the difference between an 80% loss and 90%. Is it 10% or 50%?
This is a great point.
Part 2 please 🙏🏼
Awesome! Stay tuned.
yeah, do it!
Stay tuned!
i love your content
Thanks, brother.
I wanna know the tactics
Coming soon
Let's do it. You are one of the most down to earth, easy to understand guys on the internet. But Anthony...this all seems to apply to the younger set. It seems a bit depressing if you weren't educated on finances in your younger days, and being older now time doesn't seem to be on my side where growing money is concerned.
That's true, unfortunately. If you're just learning about finances and investing later in life, you don't have as much time on your hand... but you do still have time, so use it. Start investing as soon as you can. Don;t delay simply because you feel you missed the boat.
Just wanna say a simple THANK YOU
My pleasure!
Subscribed and ready for follow-ups. 😀
Boom. Psyched to have you here.
yes to tactics
Awesome. Stay tuned!
great thank you
Welcome 😊
you always hit the spot, man! )) that bit about *saving is an illusion** so true! got me thinking big time) by the way, i shot you a message over on insta - about some work stuff i'm dealing with. let's catch up on it sometime, thank you and keep the awesome content coming! ✌@@AnthonyVicino
Let’s see part 2! Great content
Awesome.Stay tuned.
I would love to see your training! Part 2. I'm subscribed to your channel, is that enough to join?
Yes! If we do the training, we'll announce it through the Community tab, so stay tuned!
Thanks Anthony
My pleasure
The secret of rich “It Depends”.
Truth
compounding 200% ? i been inesting for a few months and it never want up, it just the same or goes down. how do you find these compounding such as dubble a penny for 30 days and get $1000000?
Investing is a game of decades, not months. Play the game longer.
that's called earning money for other poeple from the next generation.
Yes, I want to see.
Noted! Stay tuned!
Would love a video on tactics of investing please
Coming soon!
@AnthonyVicino your math is wrong. On day 31 she has: $2^30 ~ 1.1 billion dollars. Change $1 to 1 cent on day 1 to make it match your numbers.
Whoops! Totally meant to do the example with $0.01 since that is a far more powerful representation. This is why you should never do math in public.
Stock futures on Thursday gave up some of their earlier gains. Although I'm not sure, I'm considering adding $400,000 to my stock portfolio.
Interesting
Subscribed.
Nice!
Yes please 👍
:)
I am interested in the workshop.
Awesome. Stay tuned. Will announce in Community posts, on X, and in the newsletter.
Yes
Stay tuned!
Training Video.😊
Nice! Stay tuned and we'll make an announcement here soon (through community posts or through the newsletter).
The math in the story at 12:15 is not correct. 10 M would be reached at day 20, after 31 days the amount would be about a billion dollars.
yeah, the example was supposed to be with a penny and I misspoke when I recorded and said dollar. Whoops. Screwed the pooch on that one.
I am having a hard time beliving that Ox weighed more than 9.000 pounds. That had to be the biggest Ox ever seen by a mile! That's like 5x a regular size one. I think your math is off.
Otherwise great video!
Yeah, I mentioned this elsewhere, but I screwed up when reading my script. On the script I wrote 0.01, but I said 0.01%. Order of magnitude off, whoops.
The fact that you ignore crypto and suggest it's gambling is a mistake. I agree with a lot your points on investing, and skipping a whole asset class like bitcoin is not doing you community any favors.
The target audience of this video would do well to steer clear of all speculative asset classes (not just crypto).
I would like to learn more about investing
Might want to check out my other channel then:
www.youtube.com/@amplifiedimpact
The last 3 years had harshly taught Americans that saving money is like working for free. Sadly, I think this has pushed people into the habits of spending their money on liabilities since what's here today is just going to be gone tomorrow.
Probably true
Warren Buffett said. Invest in what you know.
Couldn't agree more.
Truth 1: I knew all this already in 2018. Truth 2: I spend a lot of time every week watching these kind of videos.
Interesting. Wonder why that is?
I'm 63 and only have 4 .Orr years at work. I have $2,000 to invest and can add $200 each fortnight. What should I do?
Depends on how much you already have saved and what your monthly burnrate looks like (ie: how much do you need to live off)
I wish this video was around 22 years ago when i was in high school
Me too. A video like this would've helped me out a LOT when I was younger.
Compounding interest is a nice bedtime story, but who is really going to give you back a compounding amount?
I have never connected from that concept to anything that gives more than 1% return on average.
Savings accounts are compounding.
Get this man on a podcast with Luke Belmar or the real estate GOAT Kiyosaki
I'm down. Let's do it.
I often wonder, what if everyone invested? Money has to come from somewhere. If everyone was living off of dividends and not working then where does the money come from? Nobody is producing anything. The value of money is starting to become worthless.
Your example presumes everybody has enough money TO invest and live off.
But what about younger generations who are just entering the workforce? Where do they get their money?
That's right, by working (or producing).
Your example IS what is supposed to happen. You work for decades earning enough so that you can live off the fruits of your investments (in old age).
The problem is most people don't know how to play this game properly so they get to "retirement" only discover they don't have enugh investments to live off... and so they have to keep working.
Excellent video. Try to experiment with some illustrations and / or images (for example, when you were telling about Warren Buffets compounding effect) and it will blow up even more! 🔥
Glad you enjoyed the video!
The most important thing…
That's one of my favorite books on investing. :)
what is money? try to define it...
I've always liked this definition: "a medium of economic exchange".
You really don’t stress over keeping money from taxes?
Not particularly, no.
If you traded that $100 in silver you would be able to buy the same exact amount goods.
I dunno bout that.
Silver was worth $141 on January 1, 1980. And $12.51 by January 1, 1990.
Rough decade for silver.
@@AnthonyVicino the hunt brothers bought up most all the silver and artificially increased the price like DeBeers with diamonds. The market corrected after that. Government notes aren’t true currency and have no intrinsic value. Gold and silver have a track record going back thousands of years.
13:00 what a horrible sister, just watched her brother make a massive mistake.
That's what you took away from that story?
@ One of many takeaways.
Anthony your description of inflation at about 7:50 is completely wrong. Supply and demand is not why inflation occurs. Its shocking you would say this. I wonder if you are an honest person or if you seriously believe this. Inflation is a result of the increase in the money supply by means of money printing. The central bank, the federal reserve, has a monopoly on counterfeiting the dollar and there is no end to their ability to print more dollars. As you print more of any currency that currency becomes less valuable and all goods and services denominated in that currency increase in cost. Did you seriously not know the government prints money anthony?
Google Cost-Push Inflation and then come back here and tell me which of us doesn't understand inflation.
I clearly said "there are a lot of factors contributing to inflation, but one of them is..."
@AnthonyVicino Yes, you do not understand inflation if you think cost-push inflation is responsible for inflation beyond localized and short term events.
Do you seriously think the cost of production of all goods has increased 99.8% over the last 100 years?
You think we have become less efficient at producing good and services over time?
Anthony they printed 1 trillion us dollars in the last couple months. Money printing isnt "a factor" it is The factor. You cant increase the money supply without increasing the costs of goods.
You've contradicted yourself and in the process proved my point.
In your first post you said: "Supply and Demand is not why inflation occurs."
In your second post you admit: Cost-Push Inflation is responsible for inflation in localized and short-term events.
I disagree in your assessment that Cost-Push Inflation is limited to "localized and short-term events", but it's not necessary to probe deeper as you've already conceded the macro-point which I made in the video:
"There are a lot of factors contributing to inflation, but ONE of them is..."
Dos
Si?
very basic fundas taught to 7th standard kids.. And yes, with cool graphics and bgm
Fundamentals applied with excellence wins championships.
To everyone reading.
I believe if you're earning LESS than 10Gs per month then you should focus more on learning how to earn MORE instead of focusing on how to save/invest more.
How do you do that?
Agreed. Increase earning potential before worrying about investing.
Here's the process I followed:
ua-cam.com/video/Fpkm3Ceoj_g/v-deo.html
@@chrisbrown2211 I have an SMMA business. So for me it's pretty straight forward. I'm earning almost 6k per month as of the moment but if you're in a job then I'm not sure cus I've never worked one.
...do both?
Central banks play a big part in controlling the rate of inflation, so I'm curious why you didn't mention that?
The cause of inflation doesn't really matter on an individual level... all that matters is what you do as a result of that reality.
For instance:
I don't need to know all the myriad reasons contributing to the weather in Minnesota being 20 degrees today... I just need to dress appropriately for the conditions.
It's the same with inflation.
@@AnthonyVicino This reasoning seems valid. There is almost something stoic about the perspective you are taking there, i.e. focus on what you can control. However, I would have to point out that paying attention to what the central banks do will give you an indication of what the future of the market will look like. Building on your weather analogy, it would be like checking the weather forecast. For example, whether and how much the Fed decides to cut interest rates this year will have a massive impact on the stock market and especially the cryptocurrency market.
😂😂😂That's called gambling😂😂😂
;)
Time value of $$$ is a different concept. If you make $65/hr you are better off working for that he and having your groceries delivered for $15, then spending that hour at the store, plus gas.
You're thinking of "Highest and Best Use of Time".
Time Value of Money is accurately described in the video. Give the two concepts a Google.
It's a terrible idea to tell people that you lose money by saving it.
It's a terrible idea to tell people the truth?
I disagree.
Wonder if he saves his money under his bed mattress. Some people just never get it.
Alright the advice and conclusion of this video I (mostly) agree with, it has quite a few factual inaccuracies.
1. The time-value of money is a fundamentally different concept then inflation. Time-value refers to the opportunity cost of what you could have made had you invested the money, generally measured by the risk-free return rate. Even ignoring inflation entirely, items still better to have money today than 1 year from now, because you are giving up opportunities, all the things you could do with that money this year to make an expected return.
2. Inflation Devin caused by supply and demand is controversial. This may be true to some extent because of the developed world's unique position with imports and exports, but if we assume a closed financial system, supply and demand should only change relative prices, not aggravate buying power. Inflation is generally excepted to be caused by the increase in money supply. More money with no new intrinsic value added implied each individual dollar is worth less.
3. The numbers in your inheritance exponential growth example are completely wrong. Starting with $1 on day 0, and doubling each day, on day 31, the girl would have a little over $2 billion. On day 20, when you said ~$5000, she would actually have just over $1 million. She would pass the $5 million mark on day 23 with around $8 million. Also none of the numbers you provided were powers of 2. (If you're wondering, many computer scientists are going to catch this, since we work with powers of 2 a lot )
4. You said "investing is inherently risky", but i think you meant, investing in the stock market is inherently risky, which is mostly rite, although not totally. You can invest in government bond ETFs through the market which are as safe as government bonds. Obviously, the resale value can take a big hit when interest rates rise, but you will be guaranteed to make your money back through dividends (coupons payments) + resale value over the time horizon of the fund strategy. Although, except for a few notice exceptions like this, this is generally correct.
However, investing in treasuries and some municipal bonds is pretty safe. I wouldn't call it inharently risky.
5. I know if no financial advisor recommending you save 9 months of expenses in cash. Thanks like $30-40k for most people. You'd be giving up, on average, $1.5-2k in lost potential market gains. Although i wouldn't call this "bad" advice, in that saving money is still better than not saving money, items quite passive unless you are very near or in retirement. 3 months is generally considered enough time to time a new job or income source. 6 months if you're being conservative. Obviously, if you are at higher risk for unexpected expenses like medical or environmental impact, more savings is a good idea. These are just general guidelines.
Thanks for adding your thoughts.
1. Time Value of Money pertains to EVERYTHING that causes a dollar to be worth less in the future than present.
"The time value of money is a financial concept that holds that the value of a dollar today is worth more than the value of a dollar in the future. This is true because money you have now can be invested for a financial return, also the impact of inflation will reduce the future value of the same amount of money." www.investopedia.com/articles/03/082703.asp
2. There are various forms of inflation. I describe Cost-Push Inflation (Cost-push inflation (also known as wage-push inflation) occurs when overall prices increase (inflation) due to increases in the cost of wages and raw materials.) This might not be the primary motivating factor behind current inflation, but it is universal (whereas inflation caused my money printing is not ie: bitcoin).
3. Correct. The example was supposed to be with $0.01, which only strengthens the argument (but I screwed up when reading the script). Whoops.
4. No, ALL investing is risky. Even investing in bonds (just ask Silicon Valley Bank).
5. I didn't recommend keeping 9 months in cash. I said keep them in treasuries or high yield savings. But still, I stand by these monthly expense ranges. Most peopl think 3-6 months of living expenses in reserve is sufficient, but then, most people aren't wealthy. As a good general rule: Don't take financial advice from poor people.
I appreciate you contributing to the cnversation, Mathhead!
Inflation is caused by the FED printing trillions of dollars...
So inflation never occurred in human history before December 23, 1913 (when the Federal Reserve System was formed)?
@@AnthonyVicino Never said it didn't but the dollar has lost 97% of it's value since the creation of the FED. they are absolutely the primary driver of inflation. They are supposed to keep the money supply stable and they have done everything but that. including printing 6+ trillion in the last 4 years. they destroyed the currency. they are the reason you cannot 'save' for retirement. you Must invest so your money can keep up with inflation.
US debt 34 trillion.
Credit card debt 1 trillion+
auto debt 1.6 trillion
mortgage debt of 12 trillion
it's all a disaster waiting to happen.
if really successful people, as they claim themselves to be, sell their course and ask for likes, comments and subscribe....They are broke!.
Yes... asking for free things (likes, comments, subscribes) is clearly an indicator of brokeness. Lol.
OR (and this is just a theory), we create content to make an impact and asking for those things helps spread it's reach.
But what do I know? I'm just the broke guy over here spending tens of thousands of dollars a month to give you free videos to complain about.
Its bizarre not hearing you mention bitcoin. What is your problem with bitcoin? Do you not understand bitcoin? Have you not read the bitcoin standard? What Gives!?!?!?!?
I mentioned crypto exactly as many times as I mentioned stocks, bonds, and real estate.
This is a video about the theory of investing. Not the individual vehicles.
@@AnthonyVicino Bitcoin is not crypto and you know it. I haven't seen a single video or post of yours discussing bitcoin. This can only mean to me that you have no idea what bitcoin is
Bitcoin is the current tulip craze
lol bitcoin…. You don’t need crypto just buy bitcoin.
Hope these “gurus” sidestep the best performing asset in the least 15 years period is beyond me….
I'm willing to bet I have a lower basis in Bitcoin than you.
@@AnthonyVicino I’ve been in the space since 2013. Started off mining with free power, so that’s definitely up for debate.
But to my point, when speaking on finance at the end of the day this is just math, which brings all strategy conversation down to matters of efficiency and efficacy based on math.
Damn I'd like to learn more Anthony. let's do the live training. Your content is getting uncompeteble day by day.🤍
I really appreciate that, brother. Thank you! Will keep you posted on live training.
Yes
:)