How Rich People Think About Money (Psychology of Money)
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- Опубліковано 5 тра 2022
- Listen in as Myron Golden shares the psychology of money that he learned that took him from a trash man to making millions of dollars.
If you liked this video check out:
How to Become Rich
• Stop Loaning Your Mone...
Myron’s Live 5 Day Challenge
www.makemoreofferschallenge.com/
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www.bossmovesbook.com/
From The Trash Man to The Cash Man
www.trashmantocashman.com/ - Розваги
If you liked this video check out:
How to Become Rich
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"When you invest you're buying a day you don't have to work "
This past pandemic has really taught me a lot, I realized that depending only on salaries is catastrophic. I have seen people who have collapsed financially because they had no investment when they were actively working
I'm not surprised that someone recommended Margaret.I was completely skeptical at first . My greatest happiness is that I took that step . I am completely debt free now and also started my own business. I can also say that Margaret is the most sincere broker I have ever met
I love it
@Jason Xavi bro we should link. I've went similar process but came out of it. Lets find a way to link
So wthell is investing? And how do you make that day come sooner
``How can turn $1 to $2?" Rich people take risks... poor people want a guarantee... .. I subscribed. Clear and Precise!
Yes, me too. This is a real leader and he’s blessed with Wisdom. Love his teaching.
Great stuff my mentor
poor mindest vs wealthy mindset
we need to stop with the "poor ppl think like this" mentality. You clearly have never been poor or know any actual poor ppl. We can say that "middle class ppl want a guarantee" because they actually have resources. Try telling a poor person who hasn't eaten in 4 days to take that dollar and turn it into 2, when they don't have the option or resources to think of growing instead of surviving. Pretty typical comment to do rich vs poor.
@@marquis08 but many dirt poor people came out of poverty by changing their mindset
About a year ago, I saw a few episodes of ‘undercover billionaire’, and after spending 45 years of subscribing to time for money, work harder to make ends meet, a light bulb went off - “wealthy people don’t keep trying to make more money, they take money they earn and make IT make them more money!!” This is gold here Mr Golden, as always!!!
Pimp play have your money
THIS. Most wealthy people have 4-5 streams of income and some up to 7. Multiple ways of your money working for you. Even business is like that. You may make $20 off of a service, OR you could tons of people do the service for you, pay them each $15 and take the other $5. Doesn't sound like much, but lets say you get 100 people to do the services. You make $500 and all you're doing is SETTING UP the appointments for the service.
@@stevewoodson4635pimps yeah have more sense in having a hoe bring money tho ungodly
Whoever controls the gold controls the influence! This brother knows his stuff and knows how to control the gold!
This is literally the best explanation of wealth.
this is hands down the best 12 minute explanation of the psychology of money I have ever heard! Thank you 🙏🏼
"Seek opportunities over guarantees." Well said.
I'll keep that in mind. Thanks 👍 11:40
Myron's ability to break down complex issues into simple easy-to-grasp bits is astounding. One of the most eye-opening videos I have ever watched on this topic. I just subbed.
He’s so blessed with this ability
Agree
Amen
agreed
What truly separates the rich from the poor is their mindset and their attitude. The rich always want to expand their wealth while the poor always want to expand their spending limit and capacity. You gained a new subscriber 😊
Solid comment
100%
This was super helpful. Especially the part at the end. I had to sit with that one. "Rich people seek opportunities. Poor people seek guarantees."
It made sense I'm gonna forget guarantees and starting looking for opportunities ❤️
Hearing it makes committing to making better decisions very easy..
And we sticking to that mf forever
Exactly... You should watch the video more than once for it to really sink in... It's helped me so far
@Tyree blessed BOY Please find something to do
This is the perfect breakdown in 12 minutes versus a semester of the mindset of money! Thanks a million!💰
"You own a job, not a business" - great way to position entrepreneurship
I 100% agree with everything that you just stated.
This is a curriculum that should be available at every community college at the minimum! 🤓
Like number 99
Lol…this comment is so cliche.
I turned 25 two days ago and by the grace of God I stumbled upon your video on wisdom and have been listening to your videos since. I grew up in a single parent household without a father and by having a male figure to learn from like yourself has helped me in this season of my life. Glory to the Heavenly Father, lord and savior, Jesus Christ. Much peace and blessings to you my brother 🙏🏾
It's difficult fighting our old and faulty beliefs but it is possible.
In my life, I have absorbed so many of these lies and it's a struggle suppressing them now.
I love your concept of systems and building them. Thanks Myron
Chinedu from Nigeria
Thank you for your videos. I wish I had understood this in my 20’s. I finally get it, and I share your videos with family members and friends. May God
bless you abundantly and continually.
Your simplicity in explaining issues is both commendable and admirable.
Thank you...
SO EASY TO COMPREHEND💯💯
Love your straight no chaser no fluff approach to teaching wealth creation. Also the fact that you produce powerful content in under 15 minutes. Keep the Movement going Sir Myron. Blessings.
I use debit cards, and I always donated to non beggars to help themselves.I keep a little cash, and I keep preps. I do not deal with coins. Thank you. Cash can be counterfeit, so be careful, and you can be robbed of your cash.
Thank you for sharing your EXCELLENT videos.
I started traveling from age 20-73, and now at 79, I have retired to Queretaro, Mexico, because USA became too deadly and expensive. Stay blessed and safe always. It is nice to be nice.
That's why it's called, "Self Employment" instead of "owning a business". Businesses don't trade time for money. Good video.
Your paradigm is the #1 factor in what your reality actually is. Your life is a reflection of your thoughts and beliefs. What you believe you deserve, and are worth is in direct correlation to your health, wealth, and happiness.
Be-LIE-ve
Fellow Ex-Trashman! Never heard this stated in such a concise manner. Cut, dry & super impactful. Subscribed!
Thank you. I’ve been broke and homeless most my life. I will change this.
Brother!!
Thank you discussing the psychology of money with everyone.
You make it easy to follow, plus I hope your voice will reach others that most can’t.
Respect!
Exactly, we need to spread the word. We do our part and we can expand the knowledge.
No one said it better for me till now. Rich psychology creates money from money. Poor just want to spend money. Thanks myron. Thanks❤
This made so much sense. In a few minutes he decimated years of misdirection and errant teaching.
Thank you so much!! I’m so glad you popped up on my feed. I’ll definitely be tuning in. God bless 🙏🏾.
Cashflow quadrant - but repurposed. Love it Myron 🔥
Came on here to say the same thing. I do like it though.
I literally saw Robert kawasaki on this too bro
The best money teaching on the internet💯
You have a gift in showing people how to see clearly where they are, and also provide them with a clear direction on how to get to where they'd like to be going. Thanks again for sharing.
I agree! He and his videos have inspired a lot of us to do good with money 💯👌🏻
Incredible love how you just broke that all down, so simplified. Sometimes that’s all it takes to make a person start thinking differently every day
OH MY GOODNESS!! For the past 30 years, I have been trying to figure out why my wife and I have been divided about money. We have different mindsets on money 💰. She wants the guarantee. I am always looking for ways to put my money 💵 soldiers to work for me. Thank you youngman for sharing your wisdom and knowledge with me on this matter. Great video. I am looking forward to more of your content.
What’s a good way to make my money work for me. I can’t work for someone all my life
@@jkkennedy8919 💯
@@jkkennedy8919 Invest in Assets that produce Income
1.Company - Absentee owner, Equity in company , Own Company. You can start a business or buy a small company through a business broker hire people to increase the revenue and sell it down the line to 3-5x what you paid for it
2. Intellectual property - patent , trademark , Copy right , Royalties you can buy Intellectual Property through a patent lawyer and possibly sell it to corporations for a larger amount
3. Real Estate - Personal Residence (live 2-5 years and sell when it appreciates),Multi Apartment , Repair and sell , Buy notes/ Debt, Take loans against Real Estate , Buy Auction/ fore closed homes and repair. You can also do Bird Dog Real estate with very little money
4. Paper Assets - Index Funds , Single stocks , ETF , Bonds , Muni Bonds , Crypto ie Bitcoin/ Ethereum/ litecoin
5. Luxury Assets- Antique Cars , Art Work , Jewelry , Watches , Rare Whiskey , Collectible Cards , Memorabilia. Take loans against luxury assets to invest in assets that produce income
6. Life Insurance - Borrow Money from policy, Use as Personal Bank. The founder of Disney used the money from his life insurance to start Disney, The good thing even if you are unable to pay it back it is subtracted from your amount after you die
Live below your means, you use your assets to pay for your basic necessities and always think of money as math how can I turn 2k to 4k to 20k to 40k/ 300k to 600k etc. Also the Rich hire the best tax lawyers to legally reduce their tax bill to keep more of their income to reinvest.
Myron is amazing how you deliver info. This short video helped make a mind shift
I really need to hear this because I have a poor and middle class mindset. Time to change NOW. Thank you so much for this amazing advice. ❤❤
This is good material. It’s basically synthesized from the books “Rich Dad’s Cashflow Quadrant”, “the Richest Man In Babylon”, “Rich Dad, Poor Dad” and a few others.
Absolutely brilliant. Truth is always hiding in plain sight. Yet, most people choose to live paycheck to paycheck.
So lucky to have come across this video at this critical time of my life... I'll put it to good use.. thanks
Makes sense. The breakthrough is to know how to invest!
Woooooow this is GOLD‼️🔥🔥🔥 You amaze me more & more every video. 💯
Best lesson I have ever heard about what I know, but have been unable to explain to those I love.
I watch a lot of financial videos, but the way you explained this concept was eye-opening. Thank you!
Wow that was an eye opener I've never heard the mentality of money in that way it makes sense and it explains why I struggle with money. Thank you for the insightful analogy.
FROM 4:14- 4:57 blew my mind!!! I always knew this but hearind this from a different perspective makes alot of sense to me.
Brother I looked at the random thumbnail in my feed and instantly knew this must be quality content! Thank you for your service ❤️
For some reason I was led to click on your video. I like what you're doing. Teaching is a passion of mine. Much appreciate seeing you work it.
Thank you so much! I’m at a pretty broke place right now and have been doing my best to reframe my mindset and reprogram it. This confirms a lot!
I am extremely grateful that I found you. Thank you for all of your help 🙏🏾
Rich dad poor dad remix, I enjoy it more from your perspective thnx 🙏🇬🇧💚
Yes, I totally agree. I am working on changing to a rich mindset. Thanks for the remainder!
I really appreciated how you broke this down. Thank You!
BY FAAAR The clearest presentation of the money quadrant. I am a subscriber. Thanks. Also thank you for clearing up the myth about time=money.
GAME CHANGER! 300 page book summed up in 12 minutes!
✊🏾
Dr. Myron, l love your illustrattion, concept of money and the fact you are a man of God.
I like the fact that this guy is transparent and honest... Not to mention that we have corresponded on a few occasions...
Thanks for sharing Myron! Need the guidance.
Amazing!!!
Amazingly delivered...12 min could change your future.
REALLY listen to what he is saying
I just ran into your channel. What a blessing, thank you. Would love to translate some of your teachings and Biblical truths in Spanish for my church community. Blessings
I bless the day i stumbled into this channel. Always makes my day and improve my personality day by day. I just concluded B.O.S.S MOVES. VERY VERY SOON, I WILL ATTEND THE TAKE MORE OFFERS CHALLENGE and bring it to my audience in Nigera. THANKS AND GOD BLESS YOU REAL GOOD!!!
Subscribed!!!! I’m an OAJ burgeoning to OAS moving to a SMS. Thank you. You are now one of my de facto mentors!!! Gems!
Awesome video. UA-cam is becoming the average Joe's Harvard Business School.
This is so helpful and I look forward to share my story how I overcame poverty 🙏🏾
Pls share
Please share
Surely you will overcome 💪
#replay - Value Bomb - Much love & many thx 4 sharing this with us!
Clear, concise and subscribed! Thanks
That resonated with me. Having the right money mindset is key.
Thank you! I now have a new perspective of money! Just Subscribed for more wisdom. Many Blessings!
Subscribed Man, 11:41, This is Gold. Thank You So much for the beautiful content.
I absolutely love your content. Thanks for sharing!
Thank you brotha I appreciate your wisdom as always
Thank you! Glad I came across your channel. I needed to see and hear this video … Wow
This info hits the nail on the head. Clear and precise
Amazing message. Thank you Sir 👏🏿
I’ve been studying these things since 2016, it’s amazing how trial and error works. I used to get so upset at the mistakes I made not realizing that there’s a process to changing the patterns in the subconscious mind and the environment you’re in contributes so much to how quickly this transformation happens. I’m learning to relax and persist in my pursuit of making OAS & SMS my Names
UA-cam notification that MG drops a new video and I can’t click fast enough!
Thank you. That's a great way to look at money. I have to share this!!!
“You can get a job for free, why would you go out and buy one?” Brilliant.👍
I have a new preceptive on life, always new time is valuable. I love how you incorporated the psychology thought in an easy understanding that people can remember on making money vs time. Good stuff looking forward to your other videos to gain knowledge and use my mindset differently.
Thank u so much Myron, you're a great man, Im watching from Argentina!
Thank you for sharing knowledge which will be activated in my life. I especially enjoyed the illustration of the accident. May God continue to bless you and your light that shines
This video literally opened up my eyes and changed my whole mindset regarding money. Thank you so much for this video and God bless 💖
I like the fact that you weren’t judging people or putting people down for where they’re at financially as you just helped us to wake up and ask ourselves what are we really doing with our finances; whether your making money by working for a company or being an entrepreneur. We all need to make sure that every dollar that’s being made can be invested for a profit!!
Exactly!
I just happened to bump into one of your videos and I currently on a going down this rabbit hole. Thank you so much for the content
You Sir are changing my life one video at a time. I'm truly blessed to have stumbled upon your videos on UA-cam. Thank you for sharing all this knowledge with us. Stay blessed.
I definitely thank you for this deep insight into the matter.
This should be taught in every school to each chlid..it had taken me decades to figure this out I wish I was taught this 40vyears ago. I figured it out but after 20 years of working.
They don't want to teach that in school, they want to keep the majority of people poor.
That’s the problem
They don’t teach this. They teach us how to be employees.
Yes that would be awesome ! Hoeven that is NOT what they believe is their responsibility ! Listen to Robert Kiyosaki - What they won't teach you at school ! P. S. there are other MOTIVATORS that explain phenomenon " KEEP THEM POOR " !!! ? 🤨😳💩
Make no mistake this is NOT taught in imprisonment indoctrination camps (public schools) very intentionally. Because it can set people FREE from the system and the government does not want that.
One of the only people to ever explain it so I actually understand it completely thank you 🙏
Thank you sir. You made this simple and plain. Be blessed.
Love it! Explained so well
@2:40 my respect for you as a teacher shot through the roof. That was a masterful diagram you closed through so many different analogies it was crazy
Thank you Mr Golden for your teaching
So much value. So much that I subscribed and liked before the first minute ended
Absolutely amazing video, I been searching for a good mentor to teach me about money. Unfortunately I come from generations of people that have a poor mentality and they never taught me about money so I never been financially illiterate. Now at the age of 45 I’ve had enough and I need to learn and change my mind start to become financially free. I’ll be following you for a long time Dr. Myron
I'm with you. I've made a habit of watching at least one video a day and I've learned so much! I'm not the same person I was before I heard of Myron Golden. And I'm glad about that!
Well stated. Thank you.
This was great! I stumbled upon your channel and am so glad I did!
Love it!! 🤠🔥🔥 Thanks, brother! I look forward to joining your Inner Circle soon.
Yeah you just gained a new subscriber because I needed to hear this. I grew up on a dirt road in rural SC & money has always been something I thought you worked from Sun up to sun down for. When you hear “money don’t grow on trees” it creates the idea that it’s impossible to reach. It wasn’t until recently that I’ve realized that’s not how it works. I always thought anyone rich had a streak of luck that skipped me. I’m realizing a lot of it is self discipline and research. Thank you sir. I appreciate you, God Bless!
Definitely made sense. I know where I stand and how to change that perspective. Thank you Mr. Golden
Hello pretty how are you doing?
Thank you Myron Golden☀
1 minute of listening to this guy and im now a subscriber
Great video , feels like the first step to becoming wealthy.
I already know you're going to give good wisdom. Thank you for this lesson.