How Chasing Financial Freedom Is Killing You
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- Опубліковано 3 лип 2024
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Your toxic relationship with money is hurting you. Here's how to fix it.
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0:00 Did you ever feel or do this?
1:04 The one thing holding you back and why it happens
2:31 Don't misinterpret it this way... that's a mistake
5:25 So what else can you do?
5:57 What most people get wrong
7:59 How I practice this and changed my life
10:36 The main strategies I used to do this
12:12 The 2 extra strategies that helped immensely
13:03 My final advice to you
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All opinions expressed by Vincent Chan are solely Vincent Chan’s opinions. You should not treat any opinion expressed by Vincent Chan as a specific inducement to make a particular investment or follow a particular strategy, but only as an expression of his opinion. Vincent Chan’s opinions are based upon information he considers reliable, but does not warrant its completeness or accuracy, and it should not be relied upon as such. Vincent Chan is not under any obligation to update or correct any information provided. Vincent Chan’s statements and opinions are subject to change without notice.
Past performance is not indicative of future results. Vincent Chan does not guarantee any specific outcome or profit. You should be aware of the real risk of loss in following any strategy or investment discussed. Strategies or investments discussed may fluctuate in price or value. Investors may get back less than invested. Investments or strategies mentioned may not be suitable for you. This material does not take into account your particular investment objectives, financial situation or needs and is not intended as recommendations appropriate for you. You must make an independent decision regarding investments or strategies mentioned. Before acting on information, you should consider whether it is suitable for your particular circumstances and strongly consider seeking advice from your own financial or investment adviser.
This concept applies to a lot more than just finances.
Students who tie their self worth to their school grades often procrastinate on revising, and tell everyone "I hardly even studied for this exam" before taking it.
If they don't try, then at least they have a scapegoat for doing bad, as appose to trying and potentially still failing.
*The pain of discipline is always less than the pain of regret.*
indeed
ughhhh needed to hear this lol
Great saying my friend
Great sentence ❤️🙏
I love how you go beyond “here’s how to make money” and really dive to what you need to think about, what motivates you and how to realistically reach your goals. Very well done and I hope I can articulate my ideas the way you do one day! Love your channel 👏🏽
*“It’s time you realized that you have something in you more powerful and miraculous than the things that affect you and make you dance like a puppet.” - Marcus Aurelius*
When we believe in ourselves we always have better power.
Learning to give myself grace when it comes to my finances has eliminated the stress out of it all. It’s helped clear my mind and I get more creative with problem solving.
This is why I have an arrow tatted on my ring finger.
"An arrow can only be shot by pulling it backwards. So when life is dragging you back with difficulties, it means that it's going to launch you into something great. So just focus, and keep aiming." - Paulo Coelho.
One of the best author of all times.
"Our brains actually don't mind hard work, we just don't love the idea of it." -Matt D'Avella
Yeah but how do you not move in the line of over working and tiring yourself.
That Steve Jobs movie Wozniak b-roll was on point
Hi Vincent, I want to thank you for giving me this overwhelming feeling of motivation and hope. It’s 2:30am and I’m binging your channel, I absolutely respect you and have heard some of the best quotes in my life come out of your mouth. My guy you are a genius and I wish you the best for everything to come. Looking forward to more!
*"The best time to plant a tree was 20 years ago and the next best time is now"* I consider this to be best motivational quote I've heard in a very long time. But motivational quotes are useless if you don't practice what you preach*
Self compassion to me is allowing yourself to continue to grow throughout life and don't stop at 30. You CAN change your beliefs.
I love the storytelling you to in your videos Vincent! To answer your question, yes, I've failed to reach a goal. Using self-compassion and learning from it to try again is an important aspect of our lives. I agree with Jamie, these concepts apply broadly especially to students who are stuck in a fixed mindset tying self worth to grades.
Thank you for pointing out the very deep reason that I am currently stopping myself to even starting on my journey to financial freedom. Been watching all your videos. Stay awesome and stay cool!
I love this perspective ❤️. Thank you. Video made 6 months ago, found your chanel yesterday and this is right on time.
I am so glad I found your channel. You are so inspiring, and motivational.
Really needed this! Thank you Vincent for push!
We all build up so much self talk that's holding us back from our relationship with money or anything else - thanks Vincent for the reminder to "get back on the wagon"! ☸
What I love about your channel is you use a lot of research as foundation of your content and explain it very clever. Not so many people want to take their time to gain information like this to make Content
Really inspires me! I keep on failing and thought of giving up. Thank you very much, Vincent!
You're the man! Great video.
Always love the content
You are my Gary vee. Love your voice, compassion, and kindness
thanks for the video! awesome as always
Appreciate these type of videos. The concepts and principles go well beyond financial goals. It’s a true shift in character/mindset to better living
There are always lessons we can learn and use it in other disciplines. I like that you can use it on other fields.
Unfortunately many people have toxic relationships with money. This video is quite helpful!
...wowww, this is such valuable info...just had to share with my FB Fam...thx, so much, & God Bless...
Great video, Vincent! Thank you for sharing!
Another great video 😌
I love your channel, am glad I subbed to it. Well, this applies more than just finances. Thanks for the upload.
Needed this video because I'm always having these negative feelings, especially with starting a business.
Great videos. Keep it up. You are helping people 👍
this video supported me in taking steps to cultivate self compassion. thank you!!
You got this!
Safe to say we all have a inner critic but I like the self compassion idea because my inner critic can make me feel like I’m my own enemy but i understand that failure is apart of the process thanks for the info I learned a lot from the video Vincent Chan👍
Literally thank you so much
Happy to help
My second year in college without any support from my parents, I dipped into the lowest financial mistake of credit cards and prioritizing bills. When the ball starts rolling, its hard to stop it. Pushing up the latter take double the work but was worth the hardship of learning without help.
you are absolutely right...
Mindfulness and compassion definitely will help you in life. I practice saying I think I can, I know I can be kind to myself and others. I changed my dysfunctional belief system. Mindset will allow a more joyful and prosperous life. I also have codependent behaviors too. I go to support groups that are free and helping me to change my behavior. I find reparenting yourself with positive encouragement is so freeing.
Totally did not expected that 14 minutes therapy session. Needed that.
Your Himalayan salt lamp at the back distracted me a lot. LOL!
Wait, I clicked but my button clicked into beautiful black! lol 😂
Thanks for this… It’s very helpful 🙏🏻
all this advice and all i think throughout this video is how good the movie references are 😅
Hey man, respect the message! I think this is true in most scenarios of life. But not if you don’t have access to basic human necessities, food/housing etc. 🙏
This concept applies more just to finance. Sports,life problems, work, fitness
Facts!!!’
Of course it will work it is all about life.
I love the Himalayan salt lamp with the moustache in the background!
Definitely need to give myself a pat on the back for many things still. It's interesting once I manage to complete something I just go onto the next without giving myself proper credit.
Definitely more celebrations! 🥂🥂🥂🎉
I sure am my own bully about bad behaviors/decisions, financial or otherwise. Strangely, it feels good though to know other people struggle with that too :/
OMG this is how I have been feeling for a while. It has led me to become really unmotivated and I just don't know how to get out of this vicious cycle :( . As always, thanks for the video, Vincent!
You got this!
BEAUTIFUL VIDEO
My lack of money is toxic......😅
Lacking of money is the root of the evil
A message Mr Krabs needs to hear
Great vid Vincent. Perfect timing for me as I watch my Tesla stocks drop like a rock today. It's ok Che be back...Avida....Avida..😁
Hope you n the fam are doing great. I do tend to get on myself when I'm doing my contractor work.
Be more positive and have confidence in yourself. 😎✌♥️🙏🙏T🚀🚀🚀🚀Thx V
I really want to collab with you down the road Vincent because you have so much knowledge and I really truly appreciated listening this video so much!
Thank you so much for sharing this with all of us and sending you lots of Love and Light! ❤🙏
Are you also in personal finance too
@@on9francisyu Yea and my next UA-cam video is actually going to be talking about this subject matter
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I am so glad I found your channel. You are so inspiring, and motivational.
“You only live once” is the mantra that keeps oneself working in perpetual cycles and not getting anywhere. Self pity is the mentality that keeps you competing with the proverbial Joneses. You deserve the best because you work hard. Right? Financial discipline is fundamental in a financial plan. You have to keep one step ahead of all the forces that conspire to keep you in the hamster’s wheel.
Maybe add another plug at the end of your videos so we can rest from and take in all the info you just shared. All in all great videos keep up the good work :)
Can you pleaaseee do a detailed video in layman speak about Roth IRA comparison vs. 401k!? the over all benefits of both but which one is financially better!?
Focusing less on money and more on the things in life that help me grow is how I tackle it. Ironically, when I focus on the things I'm passionate about, the money comes. And the cycle repeats because when you earn lots of money, it's easy to focus on it.
I came to this channel for financial advice,
Instead I’m getting what feels like a therapy session.
Thanks Vincent, you’re words are what I needed to hear
hahah thank you steven! I try to approach finance a bit differently :)
The first half of this video had some great Jake Tran vibes to the edit!
Jake is an amazing story teller. He can make anyone feels anything
Aww soo good. I’m be more compassionate to myself
And now it's time to actually do this stuff instead of binging self-help videos to make myself feel better
can you do a video on how to get back your work ethic/motivation? I know I'm not alone and during the pandemic, I became very lazy and I am performing poorly, but I used to be so hard working. I don't know how to get it back though, I know I need it to be successful but I just don't?
You can tell he has very good camera.
Not buying Shib when it first came out 🥺
Money don’t buy happiness but money is a down payment to happiness.
It is good. Money is very fundamental of life but yet we do not understand it if we do we think it is everything. It will buy us all the things on earth.
Pick a revenue stream, either UA-cam ads or sponsorships buried in your videos. Not both.
*When it comes to the world of investing, most people don't know where to start. Fortunately, great investors of the past and present can provide us with guidance.*
thank you vincent. time to break up with money.
Love the message of the video, but am I the only one that got distracted a lot by the use of movies shots ? :D
Every time I treat myself I feel guilty!! Anyone else? Sometimes you just have to admit to your self that it’s okay, personal finance/FIRE is a marathon not a sprint
Good job would fix most of your problems
Very clever what you did with the thumbnail, appealing to the majority. I could sit here and shit on this idea, but UA-camrs gotta market themselves too and thumbnail
It seems a lot of economics is psychological and philosophical.
I want to have more time to care and nuture myself especially in the morning before going to work, youtube and previous jobs have helped me to realize how important it is to be happy and healthy as a priority. Having enough to enjoy life with work that is more of a delight rather than a means to an end. Though no judgement on my self
Damm Vincent looking cute in the thumbnail!!!!
I LIKE YOUR CHANNEL... I ALREADY PUSHED THE SUBSCRIBE BUTTON !..
Personally attacked. 😅
yo this vidio is so cool. But to much movie clip i guest. Just decrease that like a litlle maybe
Okay Nietzsche. Lol
Bro I'm an engineer with 3 degrees living in North Africa third world country and I can't even make money online cause of many unavailable site services but I'm working in a coffee shop enjoying my life and company with friends after work
Sure there could be more if I had more money but whatever it can't be help
Ps: if money makes your life toxic I could use a box or two just saying :p
Often making more money requires you to do other things so it is the relationship that you have with money matters a lot. You sounds like you are living a good life without much money.
@@on9francisyu I'm living a "limited" life
I can't get a car even a cheap one
I can't be in a commited relationship (marriage) and I can't get the chance to try and get what I want
But I'm still living fine and maybe one day Murphys law will have me blessed :p
Merry me .
What else can u do beside making UA-cam videos to quit ur 120,000 job? Let just say UA-cam not exist, what else can u do?
Then you can do instagram or twitter to do the same thing.
You're talking about yourself.
He probably is and he is sharing with the world.
I just experienced this in the last 3 days or so. Basically I just built up a ton of stress in my head about not able to pay my credit card bill. The truth is that I'm not even in debt! I put money from University into an index fund when I was 18. I used some of it for investments that haven't really paid of yet, but they're far from failures - I once got offered 800 buck a night to work with this equipment, and hired people with me who loved the job. I also got one of the best deal on it you can imagine. I stressed out big time about it, then realized I only had to return two items I didn't really needed and call one person asking for my money back for a lost packaging, and do my minimum payment. I was super-stressed. "What if the guy don't want to to give it back?" "What if the other return get lost?" Well not only did he gave back the money on the 28 but it was processed to my card in due time for the 29 (even if it doesn't appear on your statement for another 30 days or so). I may be struggling with my rent as well but I can cover up a missing payment easily. I think that, well because my dad got parents who were directly affected by the war, he's always on edge regarding money, even if it's been 5 years after his retirement and both my parents are doing great and they have the house paid and rent money in. We just had a great diner with smoked salmon and good wine. It makes me sad how badly they treat themselves about it in the first place when they're doing incredibly well :(
🎯🎯🎯
Self compassion is what i need to find a gf lol
We trying to learn something here then boom Sponsorship kinda makes me want to unsubscribe
This is such bs. Oh God.
Yoooooo
first?