7 Money Rules The Rich Don't Want You To Know
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- Опубліковано 3 чер 2024
- There are certain things in life that you didn’t need to know, like all fruit loop colors taste the same or the apples you buy at the grocery stores can be more than a year old. However, there are some things you need to know that people are keeping from you which is why in this video, I will share with you 7 money rules the rich don’t want you to know that will have you looking at money in a totally different light. Enjoy!
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#Rules #Money
⏱ Time Stamp:
00:00 Introduction
00:31 Rule #1
02:02 Rule #2
04:05 Rule #3
05:22 Rule #4
06:37 Rule #5
08:48 Rule #6
10:10 Rule #7
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Yes
This is amazing. “How to build wealth
The first step to building wealth is figuring out your goaIs and risk toIerance - either on your own or with the heIp of a financiaI pIanner, and foIIowing through with an inteIIigent pIan, you wiII gain financiaI growth over the years and enjoy the benefits of managing your money.
I am fortunate I made productive decisions that changed my finances (gathered over 1M in 2years) through my financiaI planner. Got my 2nd house in Feb, and hoping to retire soon. Give this a try and attain good-returns.
For more lnfo
FinanciaI-PIanner Rebecca Mart-Watson (in fuII)
Rule #1 is Utility, #2 is Time, #3 is Protection, #4 is Minimal, #5 is Expectation, #6 is Privacy, and #7 is Obligation. Great video...thank you!
Thanks. Bielka
Thanks man
Creating wealth entails establishing positive routines, such as consistently setting aside funds at regular intervals for sound investments. Financial management is a vital subject that many avoid, often leading to future regrets.
Indeed, currently I'm managing my finances wisely and being frugal. In the last 19 months, my investments grew by 43%, adding over $650K in profits. However, I've had losses in the past month, making me anxious. I'm unsure whether to sell everything or wait.
I always consult a financial advisor before investing. During the pandemic, I used their strategies to minimize risks and maximize profits, generating around $840k in two years with my advisor
@@mariaguerrero08 I'm intrigued by the idea of investing with an analyst, it seems like a wise choice in today's market. Could you provide me with some guidance on how to get in touch ?
My advisor is *Camille Alicia Garcia* . You can easily find her online. She has a wealth of experience in the financial market gained over several years.
Thanks a lot for this recommendation. I just looked her up, and I have sent her an email. I hope she gets back to me soon.
Buy quality companies Hold for 10+ years Add to your positions on dips Keep contributing to your portfolio Reinvest all dividends Don't check your portfolio every day Investing is easy if you make it easy
Nobody can become financially successful overnight. They put in background work but we tend to see the finished part. Fear is a dangerous component, hindering us from taking bold steps we need in other to reach our goals. you have to contend with inflation, recession, decisions from the Feds and all. I was able to increase my portfolio by $289k in months. You have to seek for help in the right places.
@@alexyoung3126 I think it's not always about fear, Sometimes realistic factors discourage people from reaching their goals in life. For instance, I've tried investing in the stock market several times but always got discouraged by fluctuations of stock value
This is the problem! Most times people with little or no knowledge of the stock market try investing by themselves. It once happened to me, then I learned my lesson and contacted a US-based finance consultant by name Eileen Ruth Sparks and everything changed. In in the first quarter of this year i made $370k and counting.
Impressive, that sounds good but how do I reach out to Ingrid ?
Use your browser to search for the name to see her website.
I'm 58 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, we are finding it impossible to replace it. We can get by, but cant seem to get ahead. My condolences to anyone retiring in this crisis, 40years nonstop just for a crooked system to take all you worked for
Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Financial management is a crucial topic that most tend to shy away from, and ends up haunting them in the near future. Putting our time and effort in activities and investments that will yield a profitable return in the future is what we should be aiming for. Success depends on the actions or steps you take to achieve it. "You're not going to remember those expensive shoes you bought ten years ago, but you will remember every single morning when you look at your bank account that extra 0 in there. I promise, that's going to be way more fun to look at everyday", I pray that anyone who reads this will be successful in life
Even with the economic fluctuations, I’m very excited to have earned $45,000 on my $10,000 investment, all thanks to Expert Richard for helping me
@marketsignal_Richard..
@@charlesdean4864 Hey - I've been hearing about Richard for a long time now. Started during the pandemic and I've heard of how accurate his signals is.. I really do appreciate hearing your advice and feel that it is genuine
Money may rule the world, but there's nothing more powerful than a positive mindset. Keep grinding!
Rule 08 : You watch this video because the maker of this channel wants to make money off you with basic information that everybody knows .
It'd indeed possible to overcome money issues by simply adjusting your attitude and mindset around it...
What is it that we chase anyway. ??
@@beatricerweyemamu5540 We chase what we love
I am only 10 years old and I am understanding,thank you for making these videos I have learnt alot about money.
You've got a bright future ahead of you Ziva!
Your wisdom is far beyond your years, grasshoppa.
@@PracticalWisdom Thank you Practical Wisdom.
U need to go n play.
@@springgal265 The stock market?
The Savings Rate just collapsed down to 2.2%, the lowest level ever. Means Americans are running out of money. Last time it was this low was 2006-07. Right before GFC. Major Recession Warning. Expect a big decline in consumer spending in 2023. In five years, I would be retiring or working less hours, so I'm just curious about how people divide their income-specifically, how much goes to investments, savings, and consumption. I make about $165K a year, yet there is now nothing to show for it.
I can't tell from your post if you have a 401(k), but with $165K in income annually and nothing to show for it, it sounds more like you need to review your monthly budget because you are living beyond your means. Seek financial advice, reduce your monthly expenses, and any money you save should be invested wisely.
@@colleen.odegaard I'm self-employed, therefore I sponsor my 401k companies, and I'm open to multiple income streams. If you've worked with an advisor before, how was your experience with them? Is it as profitable as you make it out to be?
@@colleen.odegaard In other words, an advisor-managed portfolio would average 8% annualized growth over a 25-year period, compared to 5% from a self-managed portfolio.
Yes, a J.P Morgan financial advisor named "HEATHER ANN CHRISTENSEN" put an end to my fears about investing, and after making more investments, I was able to reach the seven-figure mark in less than 3 years. A licensing advisor satisfies the necessary security criteria; hence, reimbursement is guaranteed if I'm dissatisfied with the service, so I'm much better off hiring one.
@@TeresaBrickle It's amazing that I was able to find her website when I looked up her name. Cheers for the amazing tip.
I'm new to trading,How do I earn as a complete beginner?
I began accumulating wealth when I started following up my investment properly, «The importance of mentorship from an expert cannot be under estimated. Without proper mentoring one tends to opt out of the market early after making lose. That is why I prefer trading with expert Rodger. His technique is mind blowing and highly profitable.
How do I connect with him ??
It's advisable you reach out to an expert to guide you through on the pro and cons of the market and Rodger M Karl is highly recommended.
I started making mônèy when Rodger M. Karl started managing my investment portfolio. He enjoys teaching Investmnt strategies.
Thank you my friends!
"Building wealth is 80% behavior and 20% knowledge." -Dave Ramsey
Well said!
Understanding personal finances and investing will most likely lead to greater financial independence. By being knowledgeable about money and investing, individuals can make informed decisions about how to save, spend, and invest their money.
Investing in the stock market has HISTORICALLY provided higher returns than other forms of investment. According to Morningstar, the average annual return for the S&P 500 index, which measures the performance of 500 large-cap stocks, was approximately 10% from 1926 to 2020.
We must consider safer investments with promising returns in order to plan for the future. If you approach investing with a five-year perspective and simply DCA whenever you receive a check. Under the direction of my investment advisor, "Eileen Ruth Sparks", whose expertise in portfolio diversification is unsurpassed and client-focused, my portfolio has gained almost $643k since January 2022.
@@joesphcu8975 There is this podcast i was listening to and it said something venturing within your tolerance and risk capacity, see you mention it again got to me. How can i reach this Financial Advisor you are working with?
Just look her name up on a browser, she's quite popular so it shouldn't be a hassle finding her
Who can change the mess we are into now? with this crash I'll say it wont be too easy to pick the right stock, Jim Cramer said there are still huge opportunities despite the crash, and I overheard someone talk about making $250k from about $110k since the crash. How do I make these kind of returns?
obviously, there are numerous ways to make high yields in a crisis, but such trades are best done under the supervision of Financial advisor.
@@MariusNatt I started out with less than $100K and I'm just $20,000 short of half a million in profit.I've been getting assisted by a coach for almost a year now.>>
@@Rachelschneider03 Impressive! can i get any good and competent FA to guide me?...
@@AshtonGrace Autumn Lynzi Smith ....check her >> online
For 2023, it’s hard to nail down specific predictions for the stock market is because it’s not yet clear how quickly or how much the Federal Reserve can bring down inflation and borrowing costs without tanking buyer demand for everything from homes to cars.
transportation, e-commerce among other sectors are expected to experience growth, but who knows, the market has been a basket of surprises.
@@maiadazz Such market uncertainties are the reason I don’t base my market judgements and decisions on rumours and here-says, got the best of me 2020 and had me holding worthless position in the market, I had to revamp my entire portfolio through the aid of an advisor, before I started seeing any significant results happens in my portfolio, been using the same advisor and I’ve scaled up 750k within 2 years, whether a bullish or down market, both makes for good profit, it all depends on where you’re looking.
@Craig Daniels Having a counselor is essential for portfolio diversification. My advisor is Melissa Scott Glazner who is easily searchable and has extensive knowledge of the financial markets.
@Craig Daniels Found her, I wrote her an email and scheduled a call, hopefully she responds, I plan to start 2023 on a woodnote financially.
@@tatianastarcicpathetic is what u are
The rich don’t care whether the poor know this or not. They realize few are disciplined enough to carry out these strategies.
Appreciate so much your vedio thanks so much 🙏 ❤️
I love this channel, because it's taught me a lot of things
Avoid debt. Cut costs. Building wealth is in your mindset, work on that and your financial potentials becomes exponential, develop good habits like regularly putting money away in intervals for investments .The financial market has plenty of opportunities to earn.. I made my first million from passive investing in diverse assets mainly stocks , etfs with the help of my adviser Susan Kay Mack..it's been a year of steady growth..
The stock market controls a huge part of my passive income portfolio
out of curiosity I did read about Susan Kay Mack on the web.,she has a great resume.
Financial management is a crucial topic that most tend to shy away from, and ends up haunting them in the near future.
Did a quick web search, she has a pretty decent bio, I wrote her and I'm waiting on her reply.
Rule 1 = Utility
Rule 2 = The Rule of time
Rule 3 = Rule of protection
Rule 4 = Rule of minimum Savings
Rule 5 = Rule of expectation
Rule 6 = Rule of privacy
Rule 7 = Rule of obligation
*Awesome! love your perspective.*
I currently make 106k/yr. No home or iπvestment and the job is in NY as I work from home. I need to do something quick or else I’m going to be paying thousands to the IRS come tax season. What can I do?
Opportunities comes infrequently, Invest now to achieve financial Independence. I engage on different sectors with the help of a Fin. Advisor and now success feels easier than I thought.
@@andersonfraggy3100 Thanks for this piece of advice. if you don't mind how can I get in touch with your Financial Advisor? really need help with my finances.
I work with *(Olivia Charlotte Oswald)* a well known advisor. You can look her up in the internet with her name mentioned and get in touch with her.
Mrs Olivia is the best in this space, I'm happy to come across these recommendations. I have worked with her and I am impressed with the thoroughness and professionalism of the investment diligence packages she provides
To better understand the potential factors that contribute to your finance as a beginner. It's best to seek the help of a Fin. Advisor. They have wealth of information on current conditions and future trends
All great points. I'm glad I learned this while I was a kid. 😊
Already like what I'm listening to and learning👍
wow!! Thanks!
Your channel is too good. Can’t wait to blow up like yours one day. We don’t eat or sleep just to help people like you.
I appreciate that!
If you want to feel rich, don't multiple your wealth, simply divide your desires. The less you want, the more you have.
To anyone reading this...."you're doing great.. just believe in your self and go on with your own strategy ❣️.. you will get what you need
I started following you because I want different methods
I don't care what it takes. Do whatever you can to have at least $225,000 invested by age 37. Do this & without adding another dollar? Assuming 8% avg growth... By age of 67 you would have ~$2.3 million & a cool $92,000/yr of passive income.
My "boring" index funds just paid me over $6,000 in dividends this month. This is money that i can choose to spend without having to sell any of my shares. But for now i have it all set to reinvest to buy me even more index funds.
The widespread hysteria and panic are understandable considering that the US Stock Market has been on its longest bull run in history, even though we are not used to such volatile markets with a little carnage. However, if you know where to look, there are chances everywhere; with the aid of an investment advisor, i tallied my dividends for last year;$267k.
@Sara Phillips She's a lady, "LISA ELLEN SHAW" is her name. I initially came across her on a CNBC report then on smart advisors and at once searched her on the internet, best decision I've made to stay afloat these crazy times. She's been exemplary.
$92k by the time you retire at 67 assuming your 37 now will be worth f-all factoring inflation.
@@MatthewVinson how's that going now about a yr later?
Great content
Thanks for a great video. It’s unfortunate that these basic fundamentals aren’t taught in schools. The current system is not designed for success. but Instead guarantees a lifetime of being a slave to debt.
THANKS
Success depends on the actions or steps you take to achieve it. Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Financial management is a crucial topic that most tend to shy away from, and ends up haunting them in the near future.., I pray that anyone who reads this will be successful in life!!
We're in the information age and it's our own act to look for what we really want. And rich people don't waste time telling you about money unless you ask for it.
Veey informative . Thank you
Glad it was helpful!
Nice video!! I must say, your beginner's analysis is the best. Trading is hard for all newbies but after listening to your explanations I quickly borrowed your ideas of using a financial management then I allowed the renowned Kathleen Susan handle my trade due to her experience and since then I haven't regret listening to you indeed you are a great teacher
Surprised!!! You mentioned expert mrs Kathleen Susan, the profits in her investment program really shows how selfless and expertise she is
You're right... Her strategies minimizes risk and maximize profits. Trading with her has been incredibly helpful throughout the last few months
Kathleen is probably the best I've ever come across. I got into the market with 2k and I'm up with 17k in a short period of time. I was able to build a business from my returns
She is good and guaranteed, with her you see bitcoin in a different angle... Working with her is all about win win win..
That's right even at retirement I have lots of investment with Mrs Kathleen I make $15k, I invest in coins and property, multiplying your money, you will wake-up one day to realize you didn't plan good for yourself
If you're holding cash, you have 100% chance of losing money yearly due to inflation. If you"re holding stocks for 2.5+ years, there is a 100% chance you won't lose money. So where is the real risk?
Misinformation and lack of financial education leads to negative thinking..Have an investment strategy.
Banks will pay you 0.1% on your savings account, but pay their shareholders a dividend yield of 3.5%....Now tell me savers are winners
if you are not on the Fin markt space now you are making a huge mistake, i get it can be due ignorance but if you want to make your money work for you, to prevent inflation from eroding your savings, to build generational wealth and to cultivate good habit and financial knowledge
@@alexyoung3126 I was really into stacking until i met '' Ingrid Cecilia Raad'' this coach was who advised me to give the market a try, buy making me understand that a bearish market is where the 10x can be made buying accumulating when everybody is panicking, with her entry and exit strategies i have been able to grow my bag tremendously. It’s never about how fast but about how well.
@@joesphcu8975 how can i reach this person because i am in need for better investment approach.
The common mistake we newbies make is venturing into the market without help and legit guidance from a professional.
If you are not in the financial market space right now, you are making a huge mistake. I understand that it could be due to ignorance, but if you want to build generational wealth, and cultivate financial knowledge, you must be in the market.
@@Courtney-fe7ob Yes, you're right, it's not watching all videos wasting time on strategies, I was ignorant doing so till I met Rheagan Max Deplonty last year at a startup funding event in Washington DC.
He had some interesting things to say about the state of algorithmic trading today, obviously I'm seeing results, and my trading is going smoothly. To
@@bobvan2201 Job will pay your bills, business will make you rich but investment make and keep you wealthy, the future is inevitable.
The market is all about crypto now, you might want to look into it.
These 12 minutes of moderately fast paced monologue were so full of enlightening information. In just a few words you managed to get me closer to understanding what I truly want.
Close you expectations gap by either working harder or wanting less. Then you'll be happy. It's as easy as that. Thank you so so much for this one amazingly well said phrase.
This single video contains so many lessons I've learned from tons of time spent reading and watching other videos etc. It's a great summary and if you listen to the words carefully, you don't really need much more to get what you want in life.
Great job man! Thanks a lot for the video. You've truly earned my like and subscribe ♥️
Close your expectations gap by either working harder or wanting less...!!
This was priceless...
Great truth
So true 👍
I’m so happy I made productive decisions about my finances that changed my life forever.. I’m a single father living in Melbourne Australia, bought my second house in September and hoping to retire next year at 50 if things keep going smoothly for me
Sorry for late reply, I used the FIRE movement to put my finances in order. Then lnvested in stocks, cryptocurencies and reaI estates though the assistance of an lnvestment Pro who helped me make it this big
I will forever be indebted to Mrs Mary Ann Davis and this channel you’ve changed my whole life I’ll continue to preach about your name for the world to hear you’ve saved me from a huge financial debt with just little investment thanks so much to Mrs Mary Ann
WOW....amazing to see someone who trades with Mrs Mary Ann, i am currently on my 7th trade with her and my portfolio has grown tremendously
this is not the first time I am hearing of her and her exploits in the trading world but i had no idea on how to reach her, i have already lost enough of money since my retirement on binance trying to do it myself!!
Please i'm new to this, how do i get her assistance ?
RMKarl
I found Rodger M. Karl on CNBC interview_ where he was featured and I reached out to him afterward. He has
You could have stopped at rule 1. A lot of people, myself included, believe that money solves many of life's problems. However, we either disregard or are oblivious to the stress we create with our relationships within our families. I long to put my kid in private school for a better future, but I never see my kid, thus omitting the upbringing that should be implemented at an early age. We are blinded by how we view money, but never consider the time spent to make said money can be used to create memories and establish life long lessons and commitments towards our family and peers.
So true.
Having money can lead to freedom.
I am new from Kenya. Very good advice on the rich mindset. Learn to not to procrastinate, to have faith. stop borrowing.
I very agree. "Wealth is what you don't see".
I wish these inflammatory titles weren't used as clickbait. All good ideas and advice it's available for everyone to see. Fewer people actually follow up based on their interest, same as anything in life.
Nice video as always. I'm here to learn more about investing after listening to a guy over the air talk about the importance of investing and how he made $325,000 in 4months from $140,000 startup. This video somehow has helped shed light on some things, but I'm still confused, I'm a newbie and I'm open to ideas
Job will pay your bills, business will make you rich but investment will make and keep you wealthy
Investing in crypto and stocks is a good idea, a good system would put you through many days of success
Having monitored my port_folio performance which has made a jaw dropping $370k from two quarters alone, I've understood why experienced investors make enormous returns from the market
Interesting, I have a lump sum doing absolutely nothing at all in my bank account, I wanna get something started with it. You seem to be doing excellent for yourself. Do you trade on your own?
I trade with Expert Denise Mitchell, a FINRA regulated broker. Met her sometime early last year at a startup funding event. She had some interesting things to say about the state of algorithmic trading today, very obviously, it's reflecting on my portfolio
It's not about spending less... it's about getting those things that you spend on, to somehow make you more money. Conservatism is nice; but it doesn't lead to true wealth. True wealth is FEELING ABUNDANT. Whatever I want I can have as long as I'm smart enough or whatever to make it happen.
In time, this new way of being becomes second nature. You buy things that are MORE EXPENSIVE oftentimes, because they last longer, are just made of higher quality. Your actual and your feeling state begin to match and work off one another.
Simple example, is to buy a nice leather jacket. Take care of it... then find a way to use it to make even more money. Maybe rent it out to someone going out on a date; but KEEP THE ASSET.
But you also don't turn down deals. You negotiate your RECURRING BILLS to be less every month. You purchase a used car not from a dealership; but maybe from an auction, or one of those estate sales.
The wealthy think in terms of BOTH or ALL; not I have to choose between this or that. At first, yes... you will have to do that as you gain skills; but in time, your mindset shifts. You earn more, you find more money, people give you gifts, you get special deals you weren't expecting, the housing market crashes and you can buy up property pennies on the dollar.
You just become much wiser, and learn to TIME THE CYCLES. Everything has it's season. It may be for centuries, or for an hour or so. Know the cycles, and you gain a great advantage.
This is the way of the TRILLIONAIRE MINDSET.
Peace, Love, and Light
Be well and take care,
~ Dave M. ~ 🌹
Great advice from this vid!
This is powerful stuff -
change your thinking change your life. In this case, its change your thinking about money, change your old way of thinking about money and gain a new insight concerning money.
I know a lot of people are bitter at the top 10% or top 1%, but the only way to get ahead financially is to stop thinking and acting like the 90% and aim higher.
time starts over every day but the money you spend DOSE NOT and NOT ONE THING IN THE WORLD CAN BE BOUGHT WITH TIME!! thats what makes MONEY MORE IMPORENT then time!!
Best narration on UA-cam.. but the title - 7 Money Rules The Rich Don't Want You To Know - sounds so class warfare. Most rich people I know would rather people know and practice good habits with money. While it's true that a minimum wage job won't get you ahead, bad money habits definitely prevent you from getting ahead. Most of the rich I know actually try to help others with how to handle their finances. Billionaires and multimillionaires typically are very busy running firms - unless retired - but I bet there is a person in your neighborhood who can help.. and it does take someone else helping you to start out on the right path.
This work is enthralling and rich; akin to a book that was enthralling and rich in detail. "The Joy of Less: A Minimalist Living Guide" by Matthew Cove
The ONLY time rich people buy expensive stuff is number one, if they are into it (you love watches, you buy one of your favorites as to reward yourself) or if they have a job , where they've got to show, where you can get, as in you can earn A LOT of money here.
The trick is to get your money to do the working, I've read success stories of people that grew a profit of over $3million within 2years and that motivated me to get started as an investor, so I'd appreciate more tips and clues on how to make huge profit
discipline, consistency and lack of instant gratification, that's how you get there.
You can reach out to an investment consultant, they're good at helping people invest
I agree, just get in touch with a financial consultant or professional to guide you and set you up with really profitable portfolios, I personally got in touch with a consultant and through her assistance, I’ve exponentially grown my portfolio to $380,000 within 4months, far from a million which is my goal but I’m definitely getting there.
@@Fleming115 I have a good mentor assisting me so I can totally relate
@@Fleming115 Please who is your financial consultant, how do i get access to him?
Most times it amazes me greatly the way I moved from an average lifestyle to earning over 65k per month, utter shock is the word. I have understood a lot in the past few years and never to doubt the fact that opportunities abound in the financial markets. The only thing is to know where to focus.
There are thousands of people out there that are willing to invest in crypto but hesitant due to the fear of losing their hard earned income to one random investment company^^^^^^^^^^^^^^^^^^^
Knowing what to do and when to do it is very important. You don't just venture into the crypto market without having a solid understanding of how the market operates.
Well said, Investing is good but investing in the right things is the actual key to success. think Investing in the CRYPTO, and FOREX market is the future to financial freedom
There might be so many investment out there but if profit must be considered which is the actual sole aim of every investment then I'll advice you to go into bitcoin trading because it has a higher profit rate than most investments.
@@jennymae6636 What is your advice for a new beginner like myself, I have been trying on my own for a long time and have incurred so much loss and I am scared I might loose more, What's best for me please😔😔😔😔😔😔
Good stuff!!
Glad you enjoyed it
Really helpful. Thank you.
This really hit home. I’ve started working on myself and getting the best for my family as I’ve put the money I saved aside and invested it, making great returns. Made my first £100k and I’m never going back to the rat race. Most of all, expertise helps in situations related to one's finance.
Sounds like you’re stating the obvious here. I was headed down the rabbit hole when I started out myself. It was truly a blessing after I got help from a pro.
@Pablo Molinera Galvan Levi Clemans has exceeded my expectations just months into working with him as my fiduciary overseeing my investments in stocks, and I-bonds. As long as you diversify your portfolio, any single stock that you own shouldn't have too much of an impact on your overall return. He's the go-to guy! You can get across to him
Leviclemans(a)Gmai
Lcom...Is he taking commissions for trades? Yes, I’m I still making money in the process? Hell yes!
That idea is applicable in all aspects of life. With experienced hands, you generally, get thing done more efficiently. Smart people know this already.
With Clemans' help, I've come to understand the rudiments of investing and trust me, soon l'm breaking all financial barriers.
Great video! This channel has been a helpful source of inspiration for my channel an my personal journey as well. Looking forward to see more of these financial wisdom dense summaries. 🙂
Banks take your deposit and then through the magic of fractional banking create currency at multiples of your deposit and lend those created funds out as credit. Example you deposit 10 usd the bank creates 100 usd (or whatever the fractional reserve rate is at the time) and lends out 90 usd in credit (10 to 1 in this example). It also collects interest on the 90 usd only paying you interest on the 10 usd in reserve you deposited.
Many years ago I worked in IT, and we had a social event for the department. The CIO attended, and there was a bowl of M&M's, and the CIO asked if the blue ones tasted like blueberries.
Everybody is concerned about the market going down but refusing to take advantage of it. The best decision I ever made was to investing regardless of the market conditions. I made over 100k. USD with an capital of 5k.USD within 3 months. Trust me guys the market is still very much profitable
Things you can invest In
👇👇
Real estate
Stock
Crypto
Bonds
@@lynnetteheiberger1540 Stocks, bitcoin are falling and bond yields are rising, but markets still don't seem convinced, the Federal Reserve will pursue plans to keep increasing interest rates until inflation is under control. I'm still at a crossroads deciding if to liquidate my $117k stock portfolio, what's the best way to take advantage of this bear market?
@@terfastarik9698 you just spoke my mind, all stocks are crashing, bitcoin and others are falling, how can one take advantage of you this time
@@terfastarik9698 Most time having knowledge or insight about a particular activity can as well be a pleasing exercise. I can boldly say that the digital market is one of the profitable money exchange services that elevates investors and their financial status.
@@terfastarik9698 The first step to successful investing is figuring out your goals and risk tolerance either on your own or with the help of a financial professional but is very advisable vou make use of a professional like I did. I invested in cryptocurrencies and l'm making a huge profits but this was only possible when I started working with en expert
I told a friend u could get rich easier than finding a great woman. He replied focus on trying to get rich.
Very well explained
Glad it was helpful!
“You must either modify your dreams or magnify your skills.” - Jim Rohn
Great.😍❤👌
It requires a lot of care and attention to feel financially comfortable ! Thanks ! 💐
*in
True people need to understand working for others or yourself.
Economics is about trade-offs -- consequences that come with the choices we make. It's about being aware of the shadows that may result in achieving a goal.
Getting rich off crypto is much tougher than it seems. I keep losing money while trading with these youtub videos, and finding a trustworthy professional trader to help out with these trades also appears to be nearly impossible. This is extremely annoying
That's true! Most failures in the market system today is as a results of poor orientation and bad experts methods in winning
I'll recommend Expert mrs Shirley morals to you. She's the best I've seen. She trades my fx account and makes me good profits weekly.
Sure👏Mrs Shirley Morals is the best I will always advice newbies not to try without sicking for more trading experience personnel who has all the required technique
Wow you really know expert Mrs Shirley Morals...? I'm a living testimony of her good services, she has been trading for me for months now
Mrs Shirley morals been mentioned here too?..
Wow she made my husband and I have our own house and car. She is awe-inspiring
That idea about not going on the vacation wouldn't sit well with a truly wealthy person. Truly wealthy people don't have this hang up about not mixing business with pleasure. Their business is PART of their pleasure! So, they go on vacation, and then sell a million dollar yacht.
The other thing that switches over, is that the wealthy stop CHASING; and clients COME TO THEM, SEEK THEM OUT NO MATTER WHERE THEY ARE IN THE WORLD. OPPORTUNITY COMES BEGGING. But this is at a level where you love what you do and have been doing it for long enough that you have become nearly irreplaceable.
You aren't working for a boss... your in big business or investing, or have a ton of property and go traveling whenever you want. You don't get there by squeezing as much as you can out of the pie; but by making the pie larger and making more pies!
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I am retired but still paying off debt for my house and car. The good news is that I'm paying them back interest free so the principle gets paid down faster. I would like to invest more than 10% of my income which I'm doing now but it will have to wait until the house and car are paid off!
Be a Maverick
Great video, a number of the most eminent market experts have been expressing their views on the severity of the impending economic downturn and the extent to which equities might plummet. This is because the economy is heading towards a recession and inflation is persistently above the Federal Reserve's 2% target. As I'm aiming to create a portfolio worth no less than $850,000 before I turn 60, I would appreciate any advice on potential investments.
There are many other interesting stocks in many industries that you might follow. You don't have to act on every forecast, so I'll suggest that you work with a financial advisor who can help you choose the best times to purchase and sell the shares or ETFs you want to acquire.
I've been in touch with a financial advisor ever since I started my business. Knowing today's culture The challenge is knowing when to purchase or sell when investing in trending stocks, which is pretty simple. On my portfolio, which has grown over $900k in a little over a year, my adviser chooses entry and exit orders.
Could you possibly recommend a trustworthy advisor you've consulted with?
renowned for her proficiency and expertise in the financial market,“Natalie Lynn Fisk” my financial advisor, holds a broad understanding of portfolio diversification and is recognized as an authority in this domain.
Thank you so much for your helpful tip! I was able to verify the person and book a call session with her. She seems very proficient and I'm really grateful for your guidance
Exactly!
Buy the company shares to earn dividends and gain price value instead of wasting your wages on the crappy depreciating products and services they sell to take your money.
Most people know the truth but don't want to take action.
"mo money mo problems" -biggie smalls
You can only become truly accomplished at something you love. Don’t make money your goal. Instead, pursue the things you love doing, and then do them so well that people can’t take their eyes off you. --Maya Angelou
🥰❤👌
Rich people in my country have more bills too because of taxes. Our asian country asks so much taxes. You own a restaurant? You have a yearly tax on mayor's office+ tax on the Internal revenue govt office.
Rich people need to manage money: plan & distribute the big money they have.
It came to a point people here have not just 1 business. If they can have 2, 3 or more, they go for that.
Some are profits. Some are for taxes. Some of the money to pay employees, some of it to pay utilities like electricity, water, internet etc.
he say you’re
working extra
gaining extra pounds
your wife doesn’t want you😂😩
Nice video
Thanks
If you are rich the chance is pretty high to make more money
I have a job never got a raise its a year now my boss gets angry at everyone when I ask about the increament
It hurts...
Perfect,I'm on ri8 track,money brings more money :), by manage our main capital which is time !, but I'm already 3 years late which I regret it,complete wasted,..I had gain with o debt , I'm still little bit far from goal but it's k I'll b there on time
I kind of have it easy since my girlfriend can come with me on my second job. And we are both happy on a $40k a year income.
Got the expectation gap since last week then this video appears :O
It's weird that everyone is trying to get rich but a lot of them hate the rich at the same time
" wealth is what you don't see "
I don’t think that all fruit loops colors taste the same ?
Damned by the bank if you save, damned by the cops if you don't.
from where are you reading this?
“Wealth is not about how many things you own, but how many things don’t own you” . Wow that was a great quote 😮
The Fruit Loops colors don't taste different? That's hard to believe.but it's true. But that begs the question of why the Fruit Loop pieces have different colors. The answer is, the Fruit Loop people know you will be more inclined to buy colored Fruit Loops rather than non-ciolored Fruit Loops and will pay more for them. And the Fruit Loop corporation will have your money and money does make a corporation happy.
Sir: first of all, let me say that I enjoy your videos and have learned a number of things over time from you. That said, I feel the need to call you out on the title of this one. The video offers a lot of great advice, but you fail to state why "the rich" don't want anybody knowing these things. I know a number of people most would describe as rich, and I feel I'm pretty well off myself, and one of the traits I have found to be almost universal among people with money is a willingness -- even eagerness -- to share their knowledge so others can prosper too. Of the 7 rules you listed, what benefit would anyone gain by keeping any of them a secret? The answer is none. I think if you renamed this video "7 Money Rules of the Wealthy" or "7 Money Rules the Rich Would Share if You Asked," not only would it be more accurate, but would generate just as many views as trying to appeal to the UA-cam audience via division. There are enough people out there disparaging "The Rich," and usually it's in support of an ulterior motive. Don't be that way.
Hello everything u say is true
Great video
The main issue I have with this video is how you kinda shun debt. Debt is key to becoming rich. The important thing is knowing how to manage it. You need to how to separate good debt from bad debt. If you look at the richest people, they have $100s of millions in debt but they also have billions in assets. First rule of money is to never use your own.