These Principles Made me So Rich I Questioned the Meaning of Money

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  • Опубліковано 29 лис 2024

КОМЕНТАРІ • 274

  • @danmartell
    @danmartell  3 дні тому +16

    Those are 11 psychological principles of the top 1%!
    Let me know your biggest takeaway in the comments:)

  • @GratfyMoore
    @GratfyMoore День тому +8

    *I'm glad you made this video* it reminds me of my transformation from a nobody to good home, $34k monthly and a good daughter full of love..

    • @mustaphaismail8621
      @mustaphaismail8621 День тому

      My advice to everyone is that saving is great but investment is the key to be successful imagine investing $15,000 and received $472,700.

    • @RobertJohn-q5l
      @RobertJohn-q5l День тому

      Hello, I'm a Doctor from Scotland, how do you make such amount? I'm a born
      Christian but sometimes I feel so down of myself because of low finance but I still believe in God.

    • @AndreaBocelli-lc2ft
      @AndreaBocelli-lc2ft День тому

      I'm looking for something to venture into in the short term, I have about $6,000 in savings.

    • @GratfyMoore
      @GratfyMoore День тому

      Making touch with financial advisors like *Catherine Adriana* who can assist you restructure your portfolio, would be a very creative option. Personal financial management will be crucial to navigating the next difficult times.

    • @JohnPeterson-ge6eq
      @JohnPeterson-ge6eq День тому

      Unfortunately, not all of us were financially literate early. I was 35 when I finally educated myself and started taking steps. I went from $176,000 in debt with zero savings or retirement to now, 2 years later, fully debt-free and over $1000,000 net worth. I know that doesn't SOUND like a lot, but I'm incredibly proud of it. Now I'm fast-tracking my wealth building (investing $400,000 annually) and don't owe a dime to anyone. It's a good feeling!

  • @DreamChaser-l6v
    @DreamChaser-l6v День тому +50

    The experience of convincing someone to invest and then facing a loss reminds us that failure is often a stepping stone to greater opportunities and growth.

    • @JoakimPaurell-z2e
      @JoakimPaurell-z2e День тому

      Assets that can make one successful in life
      I. Crypto
      2. Stocks
      3. forex

    • @Mike-u8f
      @Mike-u8f День тому

      You're right
      But I didn't know why people remain poor due to ignorance

    • @VictorGerardo-e7o
      @VictorGerardo-e7o День тому

      You're so right, Investing in bitcoin now is the best thing to do especially with the current rise in the market

    • @VictorGerardo-e7o
      @VictorGerardo-e7o День тому

      people are really making a lot of money from it... therefore investing in it wouldn't be a bad idea 💡

    • @JonathanCernak
      @JonathanCernak День тому

      speaking of crypto trading I know I am blessed if not I wouldn't have met someone who is as spectacular as expert Caitlin albrecht

  • @QuintFoxGPT
    @QuintFoxGPT 3 дні тому +16

    00:17 - Principle 1: Mimetic Theory
    01:55 - Principle 2: Framing Effect
    03:18 - Principle 3: Ben Franklin Effect
    04:54 - Principle 4: Backfire Effect
    06:04 - Principle 5: Baader-Meinhof Phenomenon
    08:18 - Principle 6: Dunning-Kruger Effect
    09:56 - Principle 7: Illusionary Truth Effect
    11:27 - Principle 8: Endowed Progress Effect
    13:00 - Principle 9: IKEA Effect
    14:31 - Principle 10: Scarcity Effect
    16:41 - Principle 11: Pygmalion Effect

  • @meditim2032
    @meditim2032 День тому +117

    Ever feel like most money advice just doesn’t work? That’s not by accident. There's a book Forbidden Laws of Wealth by Victor Hayes, which exposes the truth behind it all.

  • @scotth4160
    @scotth4160 3 дні тому +30

    I am 56, I have a college degree and work in a dead end pharmaceutical job for years. I have learned more from Dan’s videos than any college class or work training. I wish I had learned this 30 years ago

    • @Midnightwalkstories
      @Midnightwalkstories 3 дні тому +5

      Dont give up , you can do what ever you want even if you are 56...just take your back straight and go --- i am divorced dad with 2 kids. trust me you can do it. just give some months to yourself to undersand it.

    • @FitnessHealthDiary40
      @FitnessHealthDiary40 3 дні тому +1

      Learning

    • @StrikerEureka85
      @StrikerEureka85 3 дні тому +2

      Colonel Sanders didn't know success until he was well into his 60s. You can do it, sir. We're rootin' for ya.

    • @Bdigital9482
      @Bdigital9482 3 дні тому +1

      Can you elaborate on the dead end in pharmaceuticals is? In other words what do you do in the business? Just curious. I work in Sales and always thought pharmaceuticals was where it was at.

    • @scotth4160
      @scotth4160 3 дні тому

      @ The Outside Pharmaceutical Rep job is still pretty good but they are very difficult to get because there are so few available. With internet and social media the need for outside reps is decreasing. I used to be an outside sales rep and it was a great job until the lay offs and now that I am over 50 it is hard to get it again. I am now an inside sales rep for a small distributor and it is exhausting work. My friends that are in their late 20’s and early 30’s plus they have the look the pharmaceuticals want have great jobs. My one piece of advice, always agree with the bosses in pharmaceuticals, never argue or go against them even though you are right

  • @Jannischannel
    @Jannischannel 3 дні тому +2

    Love the video as always. Took me 2h to watch, wrote everything down and I will see were I can apply it. Always searched for such videos like Dan creates. Learned in the last 2 months watching the videos more than in the last 10 years in total! 😂 Btw the pygmalion effect is my favorite, but the other 10 are also so much value giving!

  • @junaidahsaan
    @junaidahsaan 3 дні тому +4

    Dan is such a great and inspiring leader, love your videos Dan, keep up the good work 👏🏼

  • @Ji-Min-j7b
    @Ji-Min-j7b День тому +3

    I’ve been diligently working, saving and contributing towards early retirement and financial freedom, but since covid outbreak, the economy so far has caused my portfolio to underperform, do I keep contributing to my 401k or look at alternative sectors to meet my goals?

    • @JacobFest
      @JacobFest День тому

      keep contributing to your 401K, remember you are in for the long haul, but I'd suggest you consider financial advisory

    • @RobbieNixon-d1w
      @RobbieNixon-d1w День тому

      Exactly, getting proper financial advise is invaluable, my portfolio is well-matched for every season of the market and recently hit 140% rise from early last year. I and my CFP are working on a 7 figure ballpark goal, tho this could take another year.

    • @JefferyDuns
      @JefferyDuns День тому

      @@RobbieNixon-d1w this is awesome! can you please leave the info of your advsor here? i’m in dire need of financial advisory

    • @RobbieNixon-d1w
      @RobbieNixon-d1w День тому

      My CFA SOPHIE LYNN CARRABUS a renowned figure in her line of work. I recommend researching her credentials further... She has many years of experience and is a valuable resource for anyone looking to navigate the financial market..

    • @JefferyDuns
      @JefferyDuns День тому

      very much appreciate this.. was able to look up Sophie by her full name and at once found her consulting page, she seems impeccable !

  • @SteveZanella
    @SteveZanella 3 дні тому +2

    I love Dan’s content because it delivers so much value. Thank you for sharing what you know with others.

  • @shewins7191
    @shewins7191 2 дні тому

    Mimetic theory: I copy what is good about others then implement, Endowed effect: Small wins have motivated me to pursue bigger challenges because I know that the more, I persist in pursuing something, I will win eventually

  • @kevinkelm2375
    @kevinkelm2375 3 дні тому +1

    I wish I would have found you earlier. I really appreciate your content. I am trying to reform my life and the structure of my core. I appreciate your videos. I've been trying to read books and when I'm driving listen to inspirational people as yourself and so far I enjoy yours the best 100%. I cannot wait to use some of your values in the spring with my barbecue trailer. Much love from Minnesota

  • @Acemadeithappen
    @Acemadeithappen 2 дні тому

    there's a book called The secret money magnet formula by Ronan Virell, and it talks about how using some secret techniques you can attract almost everything in life it's not some bullshit law of attraction, it's the real deal

  • @jessestraube6157
    @jessestraube6157 3 дні тому

    Hey, Dan! Concerning the Dunning-Kruger effect, I totally agree with you! Just because one person or a group of people says something all the time, doesn't necessarily mean it's true. Trust and verify all the time! Great video! Inspirational!

  • @rumeeburu3648
    @rumeeburu3648 3 дні тому +2

    I will watch this video everyday. This video is very amazing.

  • @DipanshiGarg-e7p
    @DipanshiGarg-e7p 3 дні тому +1

    I always learn from your mistakes that you always talk about 8n videos.
    Because Smart people learn from others mistakes it saves lot of time
    Thanks ❤

    • @danmartell
      @danmartell  3 дні тому

      100% always easier to learn from others mistakes;)

  • @theaccidentalentreprenuer
    @theaccidentalentreprenuer 3 дні тому +3

    Great video. Thanks for sharing your knowledge.

  • @WealthyChronicle
    @WealthyChronicle 3 дні тому

    The IKEA effect makes so much sense now. I thought I was just bad at returning stuff!

  • @neil45845
    @neil45845 День тому

    What is your view on MLM / Affiliate marketing? I feel its completely destroyed my life....I love Eric Worre, Jordan Adler etc, but doing MLM is just insanely hard especially if you not a natural sales person...

  • @kurthq
    @kurthq День тому

    Amazing info as always! Thanks for the content Dan!

  • @RadioIlluminaticom
    @RadioIlluminaticom 2 дні тому

    I think, Dan is Canadian, I can hear it slightly, even though I'm from Denmark, but it is well hidden - The Baader Meinhoff Effect/Law of Attraction.

  • @Dhruv.Edits007
    @Dhruv.Edits007 3 дні тому +3

    I'm 19 and my goal is to make the net worth of $100M before 40 , but how ?

    • @luiscaeja6705
      @luiscaeja6705 2 дні тому

      Im sure you’ll find a way before 40 with that mindset

    • @CuriousStrike
      @CuriousStrike День тому +1

      This is a Goal that you have . Come with an idea that can generate billions , which will eventually make you worth 100 M or more . And don't think much just learn the game and use creativity to stand out . And in 21 years , inflation rate, your knowledge, your , maturity everything will increase , so the thing will be easy . Best of Luck 😉 . And if you are unable to come up with unique idea , then start researching all industries (in depth ) one by one , eventually you can come with an awesome idea 🎉 ✨.

    • @man_vs_life
      @man_vs_life 8 годин тому

      "How?" Do you have an answer to "Why?" A goal of just money for money's sake is shallow and will probably lead to no fulfillment. Doing something that drives you at your core, which is also financially scalable would be a better approach.

  • @Jd408-Z
    @Jd408-Z 3 дні тому +1

    Thanks Dan, your videos are super helpful

  • @raytoo4479
    @raytoo4479 3 дні тому +5

    Hey Dan, I really like your videos but sometimes I find them too fast paced & you go quick from a subject to another, which lets us less time to understand. I would like more explanation & a slower pace, I think it would make us understand more & it's harder to retain information when it changes subject fast.

    • @dominiqueharris7215
      @dominiqueharris7215 3 дні тому +1

      I agree, slot of information too quickly so it was hard to retain everything.

    • @danmartell
      @danmartell  3 дні тому +4

      Noted:) hard to give massive value if I don’t condense it.

    • @raytoo4479
      @raytoo4479 3 дні тому +1

      @@danmartell You should try more raw videos, with a slower pace & less effects. I saw multiple people doing it & they found great results.

    • @thefalldoc
      @thefalldoc 3 дні тому

      I agree with this. I feel like I need to use a .75 speed button but otherwise they are amazing! Please keep it up

    • @1percentG
      @1percentG 2 дні тому

      Agree and drop the music. Just pure valuable info no need for the dramatization it's distracting

  • @RapaNuiLife
    @RapaNuiLife 3 дні тому +1

    Wonderful info thank you. Watching from Easter Island!

  • @aimperialdesign6519
    @aimperialdesign6519 2 дні тому

    Did you continue your programming career? I mean, though you're not coding now but one of your investments is inline with it?

  • @WhipperSnapper51
    @WhipperSnapper51 3 дні тому

    What sort of specialist/advisor would you recommend? I’m at a cross roads in life in terms of direction. 39, Beautiful family, but i need to make a change with my living arrangements, career choice, and begin an actual investment strategy. I don’t have any sort of a positive influential network of people so I’m kind of left to figure things out on my own. Which is very difficult without knowing where to look or how to proceed forward.

    • @WhipperSnapper51
      @WhipperSnapper51 3 дні тому

      I’ve been in industrial/production based maintenance and operator role for my entire working career and it simply isn’t what I wanna do any more. No college education or anything else to fall back on. Very demoralizing because to be honest, I hate my job, but it pays the bills better than the other options than I am aware of.

  • @blueaspen6345
    @blueaspen6345 3 дні тому

    The percentage point is interesting because in Asia they point out the opposite than USA.

  • @cembayram2848
    @cembayram2848 3 дні тому

    god bless you dan , thanks for all those things .

  • @ByronWatts
    @ByronWatts День тому

    Woah... 100k for 10 5k houses is a pretty good profit margin for the guy who sold it to you.

  • @lennartsommer6644
    @lennartsommer6644 День тому

    hey Dan 🌞 you should choose a porsche gt3 touring which has more style than a gt3 rs. have a nice day 🙏🏻

    • @danmartell
      @danmartell  День тому +1

      I got both;)

    • @lennartsommer6644
      @lennartsommer6644 День тому

      @ sometimes it can be hard to choose. but I'm glad you also have the GT3 touring, it's the coolest car in my world🌞 thanks for the answer 🙏🏻

  • @gabrieloluwadare152
    @gabrieloluwadare152 3 дні тому

    Awareness create abundance

  • @riddlemeunknown6260
    @riddlemeunknown6260 3 дні тому

    Yesss I finally made it on time to see Dan Martell😍😍

  • @matthewthompson0
    @matthewthompson0 2 дні тому

    It's really crazy that nobody talks about forbidden book called hidden manifestation

  • @IITDelhi-d9
    @IITDelhi-d9 3 дні тому +1

    I am an student of class 12 and preparing for JEE

  • @IITDelhi-d9
    @IITDelhi-d9 3 дні тому +1

    Give me some ideas for it

  • @ricky11-j5r
    @ricky11-j5r День тому +269

    The fact that nobody talks about the book Matrix Golden Cashflow Tactics, speaks volumes why people dont earn a lot of money..

  • @IanWilliams25
    @IanWilliams25 2 дні тому +81

    I’m 52 hoping to end the rat race by 60 with above $1M. I know money is a liability to be exchanged for assets with real value like real estate (properties for rent) stocks (dividends) bonds (interest) But, what is it with bitcoin? I hear a lot about it and I'd love to diversify my portfolio.

    • @jeffbox1torres
      @jeffbox1torres 2 дні тому

      bitcoin does not pay any yield but will reward you with growth that you can't find in any other asset class

    • @DannielleRosales
      @DannielleRosales 2 дні тому

      look at the charts, bitcoin has outperformed every stock and banking product ever developed even after multiple pullbacks over the last decade. not a financial advisor but I know what i'm saying

    • @BestoFornitero
      @BestoFornitero 2 дні тому

      The key to financial stability is having the right investment suggestions for a diverse portfolio. Many investment failures and losses happen when you invest without proper guidance.

    • @StephanieMoore-oj7vz
      @StephanieMoore-oj7vz 2 дні тому

      Evelyn Infurna Services has really set the standard for others to follow, we love her here in Canada 🇨🇦 as she has been really helpful and changed lots of life's

    • @銀河のたろー
      @銀河のたろー 2 дні тому

      I went from no money to lnvest with to busting my A** off on Uber eats for four months to raise about $20k to start trading with Evelyn Infurna. I am at $128k right now and LOVING that you have to bring this up here

  • @lucasduquette
    @lucasduquette 3 дні тому +1

    When I was 17 - Dan

  • @gabrieloluwadare152
    @gabrieloluwadare152 3 дні тому

    Scarcity create value

  • @makethingshappen8427
    @makethingshappen8427 День тому +1

    You should find that prison guard that changed your life and give him a fat check!

  • @PASCALDAB
    @PASCALDAB 3 дні тому +3

    One lesson I've learnt from billionaires is to always put your money to work, and diversifying your investments. I'm planning to invest about $200k of my savings in stocks this year, and I know I’ll make profits.

    • @DonaldStokes-p
      @DonaldStokes-p 3 дні тому +1

      You are right. The best approach I feel is to diversify investments by spreading investments across different asset classes like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown.

    • @viviancarolgioao
      @viviancarolgioao 3 дні тому

      That makes sense. I’ve been using a financial market expert for two years now and I own a six-figure diversified portfolio from investing in stocks. I want to diversify more this year, though.

    • @Tonyrobs2
      @Tonyrobs2 3 дні тому

      @@viviancarolgioao could you kindly elaborate on the advisor's background and qualifications?

    • @viviancarolgioao
      @viviancarolgioao 3 дні тому

      My CFA ’’ Sharon Ann Meny, a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market..

    • @Tonyrobs2
      @Tonyrobs2 3 дні тому

      Thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an e-mail shortly.

  • @kaizen.infinity
    @kaizen.infinity 20 годин тому

    Thank you

  • @zaxiemauricio3495
    @zaxiemauricio3495 3 дні тому

    Thank you so much 🙏

  • @JuliaPanholzer
    @JuliaPanholzer День тому

    super precious content

  • @Nekesu
    @Nekesu 15 годин тому

    What’s with the arrow pointed to your eye in the thumbnail?

  • @çekimyasasıkanalı
    @çekimyasasıkanalı 3 години тому

    Perfect video ❤❤❤❤

  • @mrsd2143
    @mrsd2143 3 дні тому

    Thank you ❤

  • @ivan.prieto
    @ivan.prieto 3 дні тому +1

    Please editor dont use the same transition every 8 seconds, it makes me really uncomfortable watching the video

  • @hotkeyafl
    @hotkeyafl 2 дні тому

    I've not seen one person wearing Carhartt & Champion has been worn for decades long before Justin Bieber.
    Why did you want a Blackberry when flip phones were cooler anyway 😄

  • @IITDelhi-d9
    @IITDelhi-d9 3 дні тому +1

    I want to collaborate with you

  • @IITDelhi-d9
    @IITDelhi-d9 3 дні тому +1

    At any rate

  • @StephenHopkinsVaults
    @StephenHopkinsVaults 2 дні тому

    I liked the asked money get advice ask for advice get it twice 😮

  • @OliveLeee
    @OliveLeee День тому +14

    Success is dependent on the action or steps you take to achieve it.. show me a man who doesn't have an investment and I will tell you how soon he'll go broke .. investment is building a safe heaven for the future. with the right choice of investment that has at least 1% minimum risk and with an expert guidance profit and interest is 100% guaranteed.

    • @MrsWhite390
      @MrsWhite390 День тому

      Assets that can make one successful in life

    • @MrsWhite390
      @MrsWhite390 День тому

      I. Forex
      2.Stocks
      3.Shares

    • @MrsWhite390
      @MrsWhite390 День тому

      forex is profitable and lucrative investment online

    • @Anamariakod11
      @Anamariakod11 День тому

      ​@@MrsWhite390You are right.

    • @Anamariakod11
      @Anamariakod11 День тому

      But I don't know why people remain poor due to ignorance

  • @aarizphilip
    @aarizphilip 2 дні тому +69

    I reached $138k today. Thank you for all the knowledge and insights you've shared with me over the past few months. I began this journey in October
    2024. Financial education is essential for over 70% of the population, as only a few are truly literate in this area.
    Thanks so much Charlotte Grace Miller.

    • @nickmcdonarld
      @nickmcdonarld 2 дні тому

      She is my family's personal broker and also a personal broker in many families I'm United States, she's a licensed broker and a FINRA AGENT in United states

    • @stephaniebeddis8069
      @stephaniebeddis8069 2 дні тому

      The very first time we tried, we invested $1400 and after a week, we received $5230. That really helped us a lot to pay up our bills.

    • @ZahirFriedman
      @ZahirFriedman 2 дні тому

      I'm surprised that you just mentioned and recommended Charlotte Miller, I met her at a conference in 2018 and we have been working together ever since.

    • @sarapalin
      @sarapalin 2 дні тому

      I'm new at this, please how can I reach her?

    • @jadewashington7
      @jadewashington7 2 дні тому

      I just withdrew my profits a week ago, To be honest it was an amazing feeling when the profits hits my wallet I wish I could reinvest but, too much bills

  • @चोथमलमैरुठा

    How can i stick to the one billion-dollar online business at a time & not get distracted by others offering higher 💰 Money with 0 investment + minimun efforts + in minimal time 🤑 as this is the real sh*t i am doing 😵 ultimately, living in great FOMO & getting far from a dream of becoming a billionaire.

  • @sam.gaudet
    @sam.gaudet 3 дні тому

    Early and I'm here for it🔥

  • @andreferreira3580
    @andreferreira3580 2 дні тому

    Robert Cialdini Resume basically 😅

  • @jameslindsey7664
    @jameslindsey7664 3 дні тому

    The spelling of success @ 2:12 as “sucess”. Was that success? 🤔

    • @selizanka
      @selizanka 2 дні тому

      Actually, yes. He creates high value content and is not overwhelmed by perfectionism. Among all the message he gave you noticed only a mistake. Is it success?

    • @jameslindsey7664
      @jameslindsey7664 2 дні тому

      @ This was not produced live. It was recorded. Edited etc. Mistakes should have been caught and corrected. How you do anything is how you do everything. Details matter.

  • @IITDelhi-d9
    @IITDelhi-d9 3 дні тому +1

    I also be a billionaire

  • @ishaat_plays
    @ishaat_plays 3 дні тому

    I am 23 now 😊

  • @MuhammedLaith
    @MuhammedLaith 3 дні тому +1

    G vid

  • @HyperUpscale
    @HyperUpscale 2 дні тому

    WOW... HOW ARE YOU GETTING THIS SECRET CONTENT.

  • @LetsFun-f1t
    @LetsFun-f1t 2 дні тому

    Hello sir
    I hope you doing well,This is Mohammad Noman from Bangladesh,sir i want to do start amazon sellar and dropshipping,but i do not have investment to do something,so kindly help me to make a business,plz sir

  • @Inccredibulbup
    @Inccredibulbup 2 дні тому

    ☑️

  • @MrBakusu
    @MrBakusu День тому +1

    Hi everyone who sees this comment
    I need help from everyone
    That help is to sell my nft project. Please help me. Everyone. I want to see these nfts with the best brands in the world like Louis Vuitton, Tesla. Anyone who wants to buy these nfts can use this name and do anything. The other thing is that I want to show my family that they can make money from this. I have all those links in my account.
    Please, if possible, sell these nfts for me by the 30th of this month.

  • @shockain-apexlegends3880
    @shockain-apexlegends3880 3 дні тому

    First here

  • @killmitchell
    @killmitchell 3 дні тому

    pretty bonkers