Protecting your capital is often more crucial than chasing profits. The reason is simple: if you lose your capital, generating returns becomes significantly more challenging. It’s a choice between 'missing an opportunity' and 'losing your money.' Opportunities are plentiful, but if your capital is depleted, it's game over.
No one has all the answers-you need to develop your own strategy, manage risk, and stay committed to your plan, no matter the circumstances. At the same time, it's essential to learn from your mistakes and keep refining your approach.
After the 2008 financial crisis, I learned not to place my full trust in corporations. Since 2020, I've been investing with a financial advisor, and I've avoided any major losses. As a result, I'm no longer relying solely on banks for my financial strategy.
Choosing the right advisor is a highly personal decision. I work with Rebecca Lynne Buie to help me meet my growth objectives and avoid costly mistakes. She's highly qualified, and you can easily find her profile online.
If you are poor and wanting to be rich, it is like being unhappy and wanting to be happy. The first piece of homework is accepting that you are only one responsible for your wealth/happiness and you are the only one with the authority to affect this. It's up to you - decide what you want and then do something to affect a positive change, every day. Maybe you'll have days where nothing happens but, after some days, things improve. Keep adding days and the improvements increase. Great video you've made here - content, delivery and production.
@michaelkim4703 you are the Simp the fact you commented the same thing twice and had to try and use the same insult twice in one comment because you have nothing else 😂
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 hope I make profits.
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.
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.
@@Derekhoffman312 I really want to get in with a financial advisor this year, especially as all markets are hitting lows. I don't want to be too optimistic and end up losing everything.
Thanks for sharing. I curiously searched for her full name and her website popped up immediately. I looked through her credentials and did my due diligence before contacting her.
9:50 i saw this quote 10 years ago " if someone can tell you when to work , what to wear & how to behave you are not a free person " . And I realized i don't want this life. I quit my stupid job and went solo as a solopreneur. Today I'm not only a free person who can wake up anytime i want and go for a walk at mid day , I am also financially free . Thank you Universe for guiding
@@realmellowvibes950I quit working in automotive paint for awhile and grew pot… now I do independent work pressure washing and legit tropical and succulents . Tides come and go. Some people just want to sound mysterious as if it’s not all a job . Still paid by someone else .
Wealth & health go hand in hand. With wealth you’re able to lead a healthy lifestyle, access healthcare & take preventative measures. Far too many poor people have bad health (or worse) because they can’t afford these.
@@AnoJanJan Excuse me but I have found that one does not need wealth💰to be informed medically as well as nutritionally. Libraries and self research can provide a lot to one’s healthcare.Voilà.! Thank you ❤️🎶
@@AnoJanJanI agree with you… to a point. There aren’t coupons for organic apples but there are sales. Gym memberships can be expensive but walking and stretching are free. A personal trainer is costly but resources at the library are free. Sometimes a few no cost positive choices can make all the difference. I don’t knock anyone for having a lack of resources but perseverance is key to get where you want to go.
Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Instead of trying to predict and prognosticate the stability of the market and precisely when the change is going to happen, a better strategy is simply having a portfolio that’s well prepared for any eventually, that’s how some folks' been averaging 150K every 7week these past 4months according to Bloomberg.
The professionals presently control the market since they not only have the essential business strategy but also have access to inside information that the general public is not aware of.
You have a very valid point, I started investing on my own and for a long time, the market was really ripping me off. I decided to hire a CFA, even though I was skeptical at first, and I beat the market by more than 9%. I thought it was a fluke until it happened two years in a row, and so I’ve been sticking to investing via an analyst.
Vivian Jean Wilhelm is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
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
I went from homeless to buying a very nice house & a new car. Once ppl who didn't have much to do with me started contacting me. I remember how they treated me before when I had almost nothing. If they say I've changed I'll agree & say thank u. It's not where u come from. It's where you're going that matters. Thank GOD for changing me & Blessing me!!!
Bless brother i am a bit in that situation but haven't made that achievement yet but I believe I will make it,, n I already knew they gonna come back those lion in sheep coat, cause there already starting to approach lol I could av be a millionaire now but my kind caring heart n wrong decision wrong circle n they gone once I fell, am still going still positive still sharing but I give more that really deserve fake friends I talk hi, how r u, but we done n with father God almighty protection n blessings I will be happy one day n achieve my dream. Bless up ❤
I went from many felonies, prison, drug addiction, homelessness, then accident losing an eye. After that doctors said I shouldn’t work. Due to TBI and seizures from pain. Well I work 80 hours a week. Bought a home. Trying to pay it off in 10 years.
Last year the bank offered me to invest in some stocks. I have never done that but my father did. Ofcourse the bank will have profit from it but I also. So I heard the seller from the banks story and I agreed to jump in. Remember, I have no job so only unemployment money. The first rise was 11% and this month it was 8%. So yeah, with my little money I stepped over some fear and took a risk. Now something else about fear. My best friend rents an apartment for many years already. He bought from his little money ( he works at the city's green/ landscape service to keep the city green tidy) a real airco system for in his apartment. The hose most go through the fold window above his balcony door. But the hose is 150mm in diameter but the small window only opens at 45° to 90mm. So I tell him, but a window opener that opens the window further. No, it is not my own house and when I drill holes it might rot and I get the bill later....Thus he sees only bears on the road ( problems). In the mean time I made an enormous hole in my house 20" full rock wall from 1870 to make a door to my garden. I bought the door ( from wanting something to actually do it to reach a goal), demolished the wall under the window, got the neighbor out of his garden to help me to take out the window and so after several weeks I have a door to my garden. It was a lot of work but I made(!) it. In the meanwhile my best friend did nothing to be able to use his new airo system. I push my idea to get it/things done. So, my friend is always proceeding carefully and slow and I make it happen. My friend lives in The Netherlands and I live in the Ardennes but I am also Dutch. So now I can use the door to my garden and my house is worth more and he is still sleeping in a warm bedroom. As a best friend I told him to find a solution to be able to use his machine. Thus sometimes or many times you have to go beyond a fear. Regards from the Battle of the Bulge area
After reading your info, I've learned you're a man, not a girl, so I changed my message. I love your content and the fact that you hire somebody to read your scripts. You're giving a job to somebody else! I loved this video. You've got a new subscriber dear UA-camr!! A hug from Argentina 😊❤
Thou shall not covit (envy) Work hard, humble thyself, and seek wisdom and understanding, as the Scriptures teach us! It never ceases to amaze me how on-point His Word proves to be, which is why it's the #1 best-selling book of all time ( & why the cross is THE MOST powerful symbol on earth - unmatched by any other ) Thank you for the great content, friend !
It's infinitely easier to dance on a tightrope if you have a safety net below. If poor people appear risk averse that has much to do with this concept. Without the security of that safety net, consequences are completely devastating.
This is an example of poor person thinking. Having a safety net gives the option of failing without any real consequences. You see that safety net as a positive thing, it’s not. People who become wealthy from nothing do so because for them, failure is not an option. They treat every challenge as something they have no choice but to overcome at any cost. How hard do you focus when you know you can fall and still be Ok, compared to knowing that it’s all over if you make one mis-step, if you lose focus for even a second….. You are proving the point that it’s a poor mentality that keeps most poor people poor. Those who will ultimately stay poor are the ones who will see their lack of a safety net as an excuse not to try. Those who will succeed see their lack of a safety net not as an excuse not to try, but as a reason to work harder to be laser focused and thoroughly prepared because they know that the consequences of failure leave them only one choice: succeed at all cost.
@@MDC_1985MDC it's fun to play backseat driver in someone else's life but stop. A person would be an irresponsible and negligent twat to play on a tightrope without a safety net when they have a family depending on them. Only an A-hole would make gambles that might involve their kids going hungry. A safety net that allows mistakes is a huge advantage for those that have it. Things don't always work out and people can lose their homes, cars, and kids if they are too risk tolerant. It's not a poor person thing, it's a responsible human thing
@@rayzerot more excuses not to do something rather than finding ways to overcome. Family is a perfect excuse too, now you can blame your fear and your total financial dependence on the idea that you are making a noble sacrifice for them……. Ohh and you get to teach them to be sheep, who can’t think for themselves and see everyone who does succeed as, wait how did you’d put it…”a-holes” and “negligent twats”…. Yes because you are clearly maintaining your moral high ground by never believing yourself equal to any challenge that requires determination or independent thought. What an example that must be… I’m sure your children’s children will be thankful for the legacy you’ve created for them.
@@MDC_1985What bull shit. I retired from working at Social Services. Stuff HAPPENS. I had a guy who was comfortably wealthy, lovely high-priced home, really excellent job. His wife contracted a very rare, insidious disease, that used up the lifetime limit on their VERY good health insurance. Treatments then had to come out of his pocket. There were ways I could advise him so his wife got her treatment & wouldn’t die, but in no way was he on any kind of ‘get rich’ track anymore. These types of books & videos sell a lie. With the current system in the US (especially health care) it’s Russian roulette at best. Some of the advice is fine if you are just talking quality of life, making sure you don’t end up on the streets etc, but these suggestions are in NO WAY guaranteed to make anyone rich.
@@Kai-p2g How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?
Hey, just found your channel the other day and am super grateful. I’ve read or listened to a lot of the books and I love getting your summaries to remind me of important ideas. Appreciate the world you’re doing!
Great summary. I really enjoyed it. There are countless UA-camrs who create book summaries, but this channel is my favorite. The summary is neither too short nor too long. It's perfect to make you feel like you've read the book and gotten the key takeaways.
🎧To listen to the AUDIO version of this book for FREE check out Audible below. Sign up for a 30-day Free trial to get 1 book for free(any book). You keep the book even if you cancel before the trial ends. 👉amzn.to/3kS1eNH I personally have been using AUDIBLE for over 5 years and it is THE BEST app on my phone. I can listen to books while I am going somewhere, walking in the park, or doing some boring job :) P.S. I personally use and recommend the AUDIBLE PREMIUM PLUS option. It gives you 1 credit every month which you can use to buy any book regardless of how expensive the book is.
I got feeling this video will help them to be multimillionaires within 5-10 years~ As John Lennon said "I rather be rich and happy than poor and miserable"~ Do not forget, low stress, fitness and no process sugars with a whole food diet ~this matters most for Happiness/Longevity!
Its true rich people are always positive and nevee give up on their dreams and goals! Most of them fail 99 timea but win 100th time... this I will teach my daughter to always be confident and never give up
Hi Guys, thank you so much for watching💝If you want more book summaries like this one check out the playlist here - ua-cam.com/play/PLlbl0lCipVePKje8Kb3vrhmG4CZq4a134.html
I'm new to your channel but I've watched several of your reviews. This may be your best one so far! As a small business owner I can totally relate to the thought process of both the rich and the poor. I'm going to make my 3 Sons watch this one for sure. Keep up the great work!
On the time spent point; in many circumstances, getting a job done in a good timeframe (not rushed, but no dithering) or making a decision quickly, is more important than getting it perfect. A mistake can be remedied as long as youve left contingency time, and you learn from the mistake. Plus finishing the task gives time to evaluate, whereas if you take ages aiming for perfection, you might not leave enough time to check you actually got it right. Sometimes you get tunnel visioned aiming for perfection
Just subscribed too! Love "17 Secrets..." summary! "Fear, doubt, and worry are the biggest barriers to success and happiness" "Financial freedom should be the goal before being wealthy" Makes sense!😊
Rich people focus on opportunities, poor people focus on obstacles, this is amazing, it changes my perspective to see the problems as opportunity, i don't have enough money, there is a opportunity, opportunity to make money, to learn new skillset, to learn more about financial management for me to become financially stable, if you focus on opportunities you will get more opportunities, that's great, thank you so much i just did what you just had said in the part of listing my net worth and i realize that it is true, it's not about how many books you read, but it's all about on how many books you applied in your real life that matters!
Examples from others - speak louder than words … work with the best to become the best.. speaking from my own experiences - walking the streets at 17 Yrs - looking for work… / things worked out well.. just the same … did things my way… $$ 😊
This message taught me a lot ❤❤❤ some months ago I was willing to do everything possible for my growth but I ended up being having negative thoughts 😢 I realized much through this video's and I am back on track ❤❤❤ Thank YOU so much little better than yesterday 😂🎉
Absolutely loved every single Secret!! Certainly motivates me to change my perspective on a few things. I've even shared this video with others!! Thank you for doing this.
I’m only on Difference #9, but had to stop and comment on #8. SO TRUE! Complain and blame! That’s all I hear from “poor” people. One of my mantras is “R/R”…no, not railroad crossing, but you can let it remind you of “Respect AND Responsibility.” Show respect and take responsibility. Great video so far!
OK….found #14 to also be very true! Wealth and net worth are far more important than income. It’s not how much you make, it’s what you save and invest that build the most millionaires.
Arm > leg! Take care of your health, live within your means, mind your own business. Life is about relationships and helping others. (p.s. stop watching the news)
Not to brag, but I got tipped $100 from the guy who doesn't normally tip at all. He just said he likes how I took my time, effort and the work I've done. All my coworkers were mad at me 😂. Hey, that's why they call me Money Making Mitch 😅
Love it. Tanks for sharing. Take the 10 step ladder first. Yes I'd allowed Fear to stop me...but NOW means No Oppotunity Wasted. I'm stepping on the ladder😊
I really love your content. Thank you for making this! For me that doesn't have the money to buy all these books. I wish I found your UA-cam channel earlier in my life. ❤
Difference #9 Rich people manage their money well (while mismanaging other people'smoney, never gamble withyour own money when you can use someoneelse'smoney), and poor people mismanage their money (on the advice of rich people, when banks fail it isn't the bankers who go hungry) Sums up the finance industry perfectly.
I truly love your video and agree with a lot of the true knowledge that you’re sharing with us from that book and I wish that you add in it another fact of (CONSEQUNCES) not everything in poor man’s life is (FEAR, DOUBT AND WORRY). Rich person can handle the lost simply because he or she has enough to back him or her up in a lost situation, but a Poor person will lose everything as consequences of his or her failure, so fear, doubt and worries are a very important guidance to survive in this life but they must start some ware with precaution if they want to be rich sometimes in this life.
Every single investment that pays big is also very risky. Only wealthy people have the cushion to survive that risk, so they also get the biggest payoffs in investment. The bad investments are a mere speed bump and if they have positioned themselves correctly they can possibly write off those losses anyway. (and only rich people can do that, too).
Rich people go big or go home, they dont worry about how much they have in their bank. They more money they have the more risk they take, but they bet 100% of they money not portion. Just like a gamble. Life is a gamble, but you have to play it smart not blindly and hoping it would work.
@@aaakhmed Actually, rich people don't gamble their OWN money. They are masters at getting investors and backers. Wealthy people don't put their own money at risk. They put YOUR money at risk.
,love the brutal honesty coming from the son of a retired grocer who travels 10 miles in heavy traffic to save 40 cents on a can of mushrooms 😂...not me ...him
I really got a lot from this video. I am on SSDI,at the moment I am going through a difficult time but I know managing my finances is the only way I can feel like I have more money than I actually have. This video has given me a lot to think about and when I am up to it I can apply some of these techniques to my life. Thank you for sharing.
Excellent video! I've read Harv Eker's book, and you really di him justice on this video. I hope you reach 10M views! Well done, and thank you. I just watched it this morning like 4 times,
I watched an anime a long time ago. The M.C met someone who was dying and that man taught him fighting techniques before he past. Just b4 he died he told him "those who have glimpsed an ideal have an obgligation to making it a reality!"
Thank you for the 100+ hours you have spent on this video!! It's truly life changing information. You are now one of the successful people I'm going to hang out with 😄 be blessed sister
About the money and not learning how to use it (properly): It's the old paradox Aristotle already put in words: If you are uneducated in one area, you don't know that you don't know anything. "The more you know, the more you realize that you don't know." Well, you somehow first gotta learn just enough to get to that realization...
REALLY GOOD VIDEO I do almost all of these things naturally never having sought out any mentor or advice. Mainly trial and error along the way but MOST IMPORTANTLY I HAVE ALWAYS HAD AN EXCEPTIONALLY GREAT ATTITUDE never depressed or sad in my life and not afraid of failure. I have all the things my heart could ever desire and $$$$ as well . thanks for sharing with others and giving me reflection of many things I have never given a second thought to
80% of wealth is acquired either through inheritance or illegal practices. ( This includes- fraud, tax fraud, tax avoidance, drug dealing, human trafficking, modern day slavery and exploitation of working people.) That leaves only 20% achieved via hard work and honest endeavour.
@@AncientWisdom222 wealth is a manupulating system, has nothing to do with nature, i just need it becouse of our made up system, in other conditions i wouldn't need it and neither you, you don't need money if you can't spend it. If your valutha is not accapted than its worthless...
This is a great video, thankful that you presented to us. The main 2 ideas I take from it are 1) how to split money between investment/education/etc (around minute16) and 2) what gets tracked will be better, so I will set and monitor more KPI in my business
Love this but one note: 4th one, there are Risk Managers and Advisors who get paid A LOT of money to advise on challenges, obstacles and risks. Not to advise to stop project or idea, but to go forward with eyes wide open and build in actions to mitigate risks. That’s not a poor people mentality. That’s seeking wise counsel. I’m not totally disagreeing; just pointing that out.
It's amazing to me how much of this is Biblical. Very powerful confirmation for me. But I agree with a lot of it, I hope more people expose their mind to this knowledge. Wealth is waiting for us, may we all go and get it by ridding ourselves of this poverty mindset.
This video does really fall in place and allignment with my new career. The free workshops and seminars we attend at our meetings revolve around those ideas to help us become more successful. I don t know what to pick first from your presentation, but the last covers all the poor mindset: Poor people are jealous of all rich and succesful people. How many times have YOU heard poor people gossiping the rich? I m curious🤔 what was the most evil comment you ve heard? 😉🤭
I ❤ your videos. I hope people appreciate and use the infornation you put out there. I know from personal experience that, success and getting what you want in life, is only a decision away, followed by, planning, setting goals, descipline, and hard work.......
Thank you so much for your videos!😍 I only knew your channel today and I already watched 2 videos of yours and they really opened up my mind on new possibilities! Keep making more of these. I really love your content! 💘💘
This is called reverse causality: The mindset doesn't get people rich or poor. People adopt a mindset based on their experiences as a rich or poor person, because humans are for a big part product of their experiences.
Oh man. I am totally guilty of so many the poor person mentality. Fortunately I’m married to someone with the rich person mentality. He takes me out of my comfort zone all the time but it has all been beneficial.
Im Not rich but I have financial freedom and I say exactly the same about money it is a Tool nothing more nothing less but an important one everything you see around you costed money everything has its worth. You just have to use it.
Generally good advice, but your statement (9:40) that you don't like taking public transport rather smacks of snobbery. I prefer it to the taxi because the money I save can be spent on the things I most enjoy - cider and holidays.
New sub here! This content is amazing and super helpful. Well explained! I love reading self-improvement and money books, this is the first time I have heard of Secrets of the Millionaire Mind by Harv Eker. Will probably gonna get one too.
Rich and poor are unhelpful references here. Abundance mindset and scarcity mindset are preferable because having money doesn’t necessarily make a person abundant , or ‘rich’ in their wider life. However, the points in the video (& book) are accurate in defining both mindsets. Personally, I have learned an abundant mindset and tried to release myself from scarcity. For example: taking more risks, but if some do not work, it’s not failure, but a process to success. In this way my successes have been more, and I have learned so much from the rest that I can apply in future situations.
Who defines who's poor? I have never been poor in my life or felt it and I am not a millionaire. Who labels people like that? Who is anyone to say someone is poor. That person is the only one that can define themselves. So many people have wonderful lives that are not rich but they feel rich inside and that's where it counts.
I have been very fortunate in my life , I was told 40yrs ago pretty much everything you’re telling people, if anybody doubts that what you’re saying shouldn’t be watching. This issue with people is their mind set , I love this ladies videos. The sad thing is some people are just negative . If you are at the bottom of the tree , and have ambitions, then start listens to every word the lady says. I’m 54 and I followed all these rules since I was 15 . I left school at 16 and have never borrowed or been given any money. I have started 4 companies from scratch. 1st £59ml all cash no paper. 2nd floated a company on the a ASX and had 2300 staff. £180ml. 3rd £90ml 4th just final retire with a final exit £176 ml.
The shoes thing. I once worked at a university and one of the professors was also a captain of industry. Once at a meeting he looked at his shoes and said he needed to get them repaired. I thought, if I was a millionaire like him, I wouldn’t get shoes repaired, I’d buy new ones. I guess that’s why he was a millionaire and I’m not.
Robert Kiyosaki ''EARN more and increase your Financial IQ'' - ua-cam.com/video/gY5c9fY5ETM/v-deo.html
Can you tell me which App you used for this kind of videos ? Kindly guide for this ..😊
Protecting your capital is often more crucial than chasing profits. The reason is simple: if you lose your capital, generating returns becomes significantly more challenging. It’s a choice between 'missing an opportunity' and 'losing your money.' Opportunities are plentiful, but if your capital is depleted, it's game over.
No one has all the answers-you need to develop your own strategy, manage risk, and stay committed to your plan, no matter the circumstances. At the same time, it's essential to learn from your mistakes and keep refining your approach.
After the 2008 financial crisis, I learned not to place my full trust in corporations. Since 2020, I've been investing with a financial advisor, and I've avoided any major losses. As a result, I'm no longer relying solely on banks for my financial strategy.
Market behavior can be unpredictable and challenging to navigate. Would you mind recommending the specific advisor you've worked with?
Choosing the right advisor is a highly personal decision. I work with Rebecca Lynne Buie to help me meet my growth objectives and avoid costly mistakes. She's highly qualified, and you can easily find her profile online.
she appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.
If you are poor and wanting to be rich, it is like being unhappy and wanting to be happy. The first piece of homework is accepting that you are only one responsible for your wealth/happiness and you are the only one with the authority to affect this. It's up to you - decide what you want and then do something to affect a positive change, every day. Maybe you'll have days where nothing happens but, after some days, things improve. Keep adding days and the improvements increase. Great video you've made here - content, delivery and production.
A message to the girl who created this video, you've crushed it keep up the good work hugs, see you at the top.
I
You're not going to the top with these comments
You're not going to the top with these simp comments simp
@michaelkim4703 you are the Simp the fact you commented the same thing twice and had to try and use the same insult twice in one comment because you have nothing else 😂
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 hope I make profits.
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.
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.
@@Derekhoffman312 I really want to get in with a financial advisor this year, especially as all markets are hitting lows. I don't want to be too optimistic and end up losing everything.
'Annette Christine Conte ' is the licensed advisor I use. Just research the name. You’d find necessary details to work with to set up an appointment.
Thanks for sharing. I curiously searched for her full name and her website popped up immediately. I looked through her credentials and did my due diligence before contacting her.
9:50 i saw this quote 10 years ago " if someone can tell you when to work , what to wear & how to behave you are not a free person " . And I realized i don't want this life.
I quit my stupid job and went solo as a solopreneur. Today I'm not only a free person who can wake up anytime i want and go for a walk at mid day , I am also financially free . Thank you Universe for guiding
Why won't you thank God?
bcoz i need to thank him personally if he appears in front of me and tell me i owe my success to him.
What business did you start??
@@realmellowvibes950 Let's just say that i have a very particular set of niche knowledge & skills that not many people can do or knew about .
@@realmellowvibes950I quit working in automotive paint for awhile and grew pot… now I do independent work pressure washing and legit tropical and succulents . Tides come and go. Some people just want to sound mysterious as if it’s not all a job . Still paid by someone else .
Most important thing! ......... you must have health. Without health you cannot do anything. So start with health! Thank you 🙏❤️🎶
Wealth & health go hand in hand. With wealth you’re able to lead a healthy lifestyle, access healthcare & take preventative measures. Far too many poor people have bad health (or worse) because they can’t afford these.
@@AnoJanJan Excuse me but I have found that one does not need wealth💰to be informed medically as well as nutritionally. Libraries and self research can provide a lot to one’s healthcare.Voilà.! Thank you ❤️🎶
@@AnoJanJanI agree with you… to a point. There aren’t coupons for organic apples but there are sales. Gym memberships can be expensive but walking and stretching are free. A personal trainer is costly but resources at the library are free. Sometimes a few no cost positive choices can make all the difference. I don’t knock anyone for having a lack of resources but perseverance is key to get where you want to go.
@@MrJOHNMICHAELVEGA Are libraries and self-research going to treat your cancer? Are they going to give you the chemo you need?
Just don't get fat.
Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Instead of trying to predict and prognosticate the stability of the market and precisely when the change is going to happen, a better strategy is simply having a portfolio that’s well prepared for any eventually, that’s how some folks' been averaging 150K every 7week these past 4months according to Bloomberg.
The professionals presently control the market since they not only have the essential business strategy but also have access to inside information that the general public is not aware of.
You have a very valid point, I started investing on my own and for a long time, the market was really ripping me off. I decided to hire a CFA, even though I was skeptical at first, and I beat the market by more than 9%. I thought it was a fluke until it happened two years in a row, and so I’ve been sticking to investing via an analyst.
Your advisor must be really good. How I can get in touch? My retirement portfolio's decline is a concern, and I could use some guidance.
Vivian Jean Wilhelm is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
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
I went from homeless to buying a very nice house & a new car. Once ppl who didn't have much to do with me started contacting me. I remember how they treated me before when I had almost nothing. If they say I've changed I'll agree & say thank u. It's not where u come from. It's where you're going that matters. Thank GOD for changing me & Blessing me!!!
Bless brother i am a bit in that situation but haven't made that achievement yet but I believe I will make it,, n I already knew they gonna come back those lion in sheep coat, cause there already starting to approach lol I could av be a millionaire now but my kind caring heart n wrong decision wrong circle n they gone once I fell, am still going still positive still sharing but I give more that really deserve fake friends I talk hi, how r u, but we done n with father God almighty protection n blessings I will be happy one day n achieve my dream. Bless up ❤
His mercies be upon you, brothers !
& sisters lol
I went from many felonies, prison, drug addiction, homelessness, then accident losing an eye. After that doctors said I shouldn’t work. Due to TBI and seizures from pain. Well I work 80 hours a week. Bought a home. Trying to pay it off in 10 years.
Not born in 1940. Don’t know why it’s in my name
"As a Man Thinks, So He Is" Proverbs 23:7
Financial management is a vital subject that many avoid, often leading to future regrets.
truth
Any suggestions for basic financial management book ?
It’s call budget
I found that all the 17 list of poor people matches me 😢 so I will change it for the better now, thanks for the helpful video.❤
Last year the bank offered me to invest in some stocks. I have never done that but my father did. Ofcourse the bank will have profit from it but I also. So I heard the seller from the banks story and I agreed to jump in. Remember, I have no job so only unemployment money. The first rise was 11% and this month it was 8%. So yeah, with my little money I stepped over some fear and took a risk. Now something else about fear. My best friend rents an apartment for many years already. He bought from his little money ( he works at the city's green/ landscape service to keep the city green tidy) a real airco system for in his apartment. The hose most go through the fold window above his balcony door. But the hose is 150mm in diameter but the small window only opens at 45° to 90mm. So I tell him, but a window opener that opens the window further. No, it is not my own house and when I drill holes it might rot and I get the bill later....Thus he sees only bears on the road ( problems). In the mean time I made an enormous hole in my house 20" full rock wall from 1870 to make a door to my garden. I bought the door ( from wanting something to actually do it to reach a goal), demolished the wall under the window, got the neighbor out of his garden to help me to take out the window and so after several weeks I have a door to my garden. It was a lot of work but I made(!) it. In the meanwhile my best friend did nothing to be able to use his new airo system. I push my idea to get it/things done. So, my friend is always proceeding carefully and slow and I make it happen. My friend lives in The Netherlands and I live in the Ardennes but I am also Dutch. So now I can use the door to my garden and my house is worth more and he is still sleeping in a warm bedroom. As a best friend I told him to find a solution to be able to use his machine. Thus sometimes or many times you have to go beyond a fear. Regards from the Battle of the Bulge area
We are only human..we will pull through..u got this..I got this..we will prosper😊
No worries, you can take it one step at a time and you'll get there eventually, no matter where you are now
After reading your info, I've learned you're a man, not a girl, so I changed my message. I love your content and the fact that you hire somebody to read your scripts. You're giving a job to somebody else! I loved this video. You've got a new subscriber dear UA-camr!! A hug from Argentina 😊❤
What?
Thank you so much😍
@@alejandroquezada4854it seems the guy who is reading these books is hiring someone to read his summaries for him!
''You may read it, talk about it, heard about it but as long as you arent doing it you donno it'' 😮😮amazing
Thou shall not covit (envy)
Work hard, humble thyself, and seek wisdom and understanding,
as the Scriptures teach us!
It never ceases to amaze me how on-point His Word proves to be, which is why it's the #1 best-selling book of all time
( & why the cross is THE MOST powerful symbol on earth - unmatched by any other )
Thank you for the great content, friend !
No doubt
It's infinitely easier to dance on a tightrope if you have a safety net below. If poor people appear risk averse that has much to do with this concept. Without the security of that safety net, consequences are completely devastating.
This is an example of poor person thinking.
Having a safety net gives the option of failing without any real consequences. You see that safety net as a positive thing, it’s not. People who become wealthy from nothing do so because for them, failure is not an option. They treat every challenge as something they have no choice but to overcome at any cost. How hard do you focus when you know you can fall and still be Ok, compared to knowing that it’s all over if you make one mis-step, if you lose focus for even a second…..
You are proving the point that it’s a poor mentality that keeps most poor people poor. Those who will ultimately stay poor are the ones who will see their lack of a safety net as an excuse not to try.
Those who will succeed see their lack of a safety net not as an excuse not to try, but as a reason to work harder to be laser focused and thoroughly prepared because they know that the consequences of failure leave them only one choice: succeed at all cost.
Risk averse attitude isn't always bad, if recognized and managed. Use it to make best choices, rather than as a reason to avoid attempting anything.
@@MDC_1985MDC it's fun to play backseat driver in someone else's life but stop. A person would be an irresponsible and negligent twat to play on a tightrope without a safety net when they have a family depending on them. Only an A-hole would make gambles that might involve their kids going hungry. A safety net that allows mistakes is a huge advantage for those that have it. Things don't always work out and people can lose their homes, cars, and kids if they are too risk tolerant. It's not a poor person thing, it's a responsible human thing
@@rayzerot more excuses not to do something rather than finding ways to overcome. Family is a perfect excuse too, now you can blame your fear and your total financial dependence on the idea that you are making a noble sacrifice for them……. Ohh and you get to teach them to be sheep, who can’t think for themselves and see everyone who does succeed as, wait how did you’d put it…”a-holes” and “negligent twats”…. Yes because you are clearly maintaining your moral high ground by never believing yourself equal to any challenge that requires determination or independent thought. What an example that must be… I’m sure your children’s children will be thankful for the legacy you’ve created for them.
@@MDC_1985What bull shit. I retired from working at Social Services. Stuff HAPPENS. I had a guy who was comfortably wealthy, lovely high-priced home, really excellent job. His wife contracted a very rare, insidious disease, that used up the lifetime limit on their VERY good health insurance. Treatments then had to come out of his pocket. There were ways I could advise him so his wife got her treatment & wouldn’t die, but in no way was he on any kind of ‘get rich’ track anymore.
These types of books & videos sell a lie. With the current system in the US (especially health care) it’s Russian roulette at best. Some of the advice is fine if you are just talking quality of life, making sure you don’t end up on the streets etc, but these suggestions are in NO WAY guaranteed to make anyone rich.
Loved the clip! Thanks. Dr. Kay Sobhe, Certified Rug Specialist, Certified Rug Appraiser, Rug Ideas (since 1953) Los Angeles
Hallelujah!!! I’m favored and blessed with $60,000 every week! Now I can afford anything and also support the work of God and the church.
Congratulations
THANK YOU
@@Kai-p2g How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?
Her name is. ‘JENNIFER LEA JENSON’. She is my lnvestment advsor
How can I reach this advisers of yours?
Hey, just found your channel the other day and am super grateful. I’ve read or listened to a lot of the books and I love getting your summaries to remind me of important ideas. Appreciate the world you’re doing!
Great summary. I really enjoyed it. There are countless UA-camrs who create book summaries, but this channel is my favorite. The summary is neither too short nor too long. It's perfect to make you feel like you've read the book and gotten the key takeaways.
🎧To listen to the AUDIO version of this book for FREE check out Audible below. Sign up for a 30-day Free trial to get 1 book for free(any book). You keep the book even if you cancel before the trial ends.
👉amzn.to/3kS1eNH
I personally have been using AUDIBLE for over 5 years and it is THE BEST app on my phone. I can listen to books while I am going somewhere, walking in the park, or doing some boring job :)
P.S. I personally use and recommend the AUDIBLE PREMIUM PLUS option. It gives you 1 credit every month which you can use to buy any book regardless of how expensive the book is.
2:29
I got feeling this video will help them to be multimillionaires within 5-10 years~ As John Lennon said "I rather be rich and happy than poor and miserable"~ Do not forget, low stress, fitness and no process sugars with a whole food diet ~this matters most for Happiness/Longevity!
You can also be poor and happy as much as rich and miserable.
Its true rich people are always positive and nevee give up on their dreams and goals! Most of them fail 99 timea but win 100th time... this I will teach my daughter to always be confident and never give up
Hello
Hi Guys, thank you so much for watching💝If you want more book summaries like this one check out the playlist here - ua-cam.com/play/PLlbl0lCipVePKje8Kb3vrhmG4CZq4a134.html
I'm new to your channel but I've watched several of your reviews. This may be your best one so far! As a small business owner I can totally relate to the thought process of both the rich and the poor. I'm going to make my 3 Sons watch this one for sure. Keep up the great work!
This analysis was absolute genius!!! I’m dealing with folk daily who has that small limited mindset! Excellent work done right here!💪🏿💯
👉📕 Buy the book here: amzn.to/3RvGLzm
On the time spent point; in many circumstances, getting a job done in a good timeframe (not rushed, but no dithering) or making a decision quickly, is more important than getting it perfect. A mistake can be remedied as long as youve left contingency time, and you learn from the mistake. Plus finishing the task gives time to evaluate, whereas if you take ages aiming for perfection, you might not leave enough time to check you actually got it right. Sometimes you get tunnel visioned aiming for perfection
I love hearing a human voice. This was so easy to follow and transparent. Subscribed, Thank you. Now to binge the REST of you vids.
I agree
Just subscribed too! Love "17 Secrets..." summary! "Fear, doubt, and worry are the biggest barriers to success and happiness" "Financial freedom should be the goal before being wealthy" Makes sense!😊
❤Great job ! Well done!!
Rich people focus on opportunities, poor people focus on obstacles, this is amazing, it changes my perspective to see the problems as opportunity, i don't have enough money, there is a opportunity, opportunity to make money, to learn new skillset, to learn more about financial management for me to become financially stable,
if you focus on opportunities you will get more opportunities, that's great, thank you so much i just did what you just had said in the part of listing my net worth and i realize that it is true, it's not about how many books you read, but it's all about on how many books you applied in your real life that matters!
My cuurent state of life and fears, demanded this video. A big thank you for making everything clearer to me......
Examples from others - speak louder than words … work with the best to become the best.. speaking from my own experiences - walking the streets at 17 Yrs - looking for work… / things worked out well.. just the same … did things my way… $$ 😊
This message taught me a lot ❤❤❤ some months ago I was willing to do everything possible for my growth but I ended up being having negative thoughts 😢
I realized much through this video's and I am back on track ❤❤❤ Thank YOU so much little better than yesterday 😂🎉
Its crazy how drastically we can fluctuate, simply by tending to either the wrong or right thoughts within the garden of the mind, huh!! 🙏❤️🔥
Absolutely loved every single Secret!! Certainly motivates me to change my perspective on a few things. I've even shared this video with others!! Thank you for doing this.
10:00 - love your description of your own definition of a wealthy life! Thanks for the detailed example.
I’m only on Difference #9, but had to stop and comment on #8. SO TRUE! Complain and blame! That’s all I hear from “poor” people. One of my mantras is “R/R”…no, not railroad crossing, but you can let it remind you of “Respect AND Responsibility.” Show respect and take responsibility. Great video so far!
OK….found #14 to also be very true! Wealth and net worth are far more important than income. It’s not how much you make, it’s what you save and invest that build the most millionaires.
Arm > leg! Take care of your health, live within your means, mind your own business. Life is about relationships and helping others. (p.s. stop watching the news)
Not to brag, but I got tipped $100 from the guy who doesn't normally tip at all. He just said he likes how I took my time, effort and the work I've done. All my coworkers were mad at me 😂. Hey, that's why they call me Money Making Mitch 😅
Hate to see what a brag would look like.
He rewarded you because he was impress by the result what you delivered 👏
Good job, big dawg money maker
Love it. Tanks for sharing. Take the 10 step ladder first. Yes I'd allowed Fear to stop me...but NOW means No Oppotunity Wasted. I'm stepping on the ladder😊
Thank You for sharing
Overflow Blessing and Prosperity
the spirit of talking, the confidence, the art of convincing. just want to tell u one thing, I LOVE UR CONTENT, keep up.
Handling money is the first step to getting more money I'd agree with that
Loved the idea of doing my net worth! All of a sudden I feel wealthier💕
I can have both! Thank you for your validation of this concept
There are other channels doing this but this one is my favorite. Always clearly articulated, broken down super simply, and the stories are impactful!
This video is so good, I'm watching it twice!
You are so great Ms ''Little Bit Better". I get a little 1% better every time consult you !!!
I really love your content. Thank you for making this! For me that doesn't have the money to buy all these books. I wish I found your UA-cam channel earlier in my life. ❤
Excellent. Love all the drawings. Makes it so Easy to follow along!!
Difference #9
Rich people manage their money well (while mismanaging other people'smoney, never gamble withyour own money when you can use someoneelse'smoney), and poor people mismanage their money (on the advice of rich people, when banks fail it isn't the bankers who go hungry)
Sums up the finance industry perfectly.
Just great and so eye opening too, well done my sister, I’m going to share it with as many people as I possibly can.Thank you so much.
I truly love your video and agree with a lot of the true knowledge that you’re sharing with us from that book and I wish that you add in it another fact of (CONSEQUNCES) not everything in poor man’s life is (FEAR, DOUBT AND WORRY). Rich person can handle the lost simply because he or she has enough to back him or her up in a lost situation, but a Poor person will lose everything as consequences of his or her failure, so fear, doubt and worries are a very important guidance to survive in this life but they must start some ware with precaution if they want to be rich sometimes in this life.
Every single investment that pays big is also very risky. Only wealthy people have the cushion to survive that risk, so they also get the biggest payoffs in investment. The bad investments are a mere speed bump and if they have positioned themselves correctly they can possibly write off those losses anyway. (and only rich people can do that, too).
Rich people go big or go home, they dont worry about how much they have in their bank. They more money they have the more risk they take, but they bet 100% of they money not portion. Just like a gamble. Life is a gamble, but you have to play it smart not blindly and hoping it would work.
@@aaakhmed Actually, rich people don't gamble their OWN money. They are masters at getting investors and backers. Wealthy people don't put their own money at risk. They put YOUR money at risk.
The most powerful book I've ever come across is this one, thanks for confirming my assumption!
Just subscribed after hearing you on the Swedish Investor, I'm lovin' your content.
Thank you very much for the support Christian :)
😅
@@littlebitbetter7😅eu
@@hermanomarin ?
,love the brutal honesty coming from the son of a retired grocer who travels 10 miles in heavy traffic to save 40 cents on a can of mushrooms 😂...not me ...him
You have influenced me, and I will use it more positively. Thank you
I really got a lot from this video. I am on SSDI,at the moment I am going through a difficult time but I know managing my finances is the only way I can feel like I have more money than I actually have.
This video has given me a lot to think about and when I am up to it I can apply some of these techniques to my life. Thank you for sharing.
Thank you for summarizing this book, i love the way you presented the hard truth difference between the rich and the poor.
Fantastic video. I'm going to watch again. So great!!
Excellent video! I've read Harv Eker's book, and you really di him justice on this video. I hope you reach 10M views! Well done, and thank you. I just watched it this morning like 4 times,
I watched an anime a long time ago. The M.C met someone who was dying and that man taught him fighting techniques before he past. Just b4 he died he told him "those who have glimpsed an ideal have an obgligation to making it a reality!"
Thank you for the 100+ hours you have spent on this video!! It's truly life changing information. You are now one of the successful people I'm going to hang out with 😄 be blessed sister
About the money and not learning how to use it (properly): It's the old paradox Aristotle already put in words: If you are uneducated in one area, you don't know that you don't know anything. "The more you know, the more you realize that you don't know." Well, you somehow first gotta learn just enough to get to that realization...
REALLY GOOD VIDEO I do almost all of these things naturally never having sought out any mentor or advice. Mainly trial and error along the way but MOST IMPORTANTLY I HAVE ALWAYS HAD AN EXCEPTIONALLY GREAT ATTITUDE never depressed or sad in my life and not afraid of failure. I have all the things my heart could ever desire and $$$$ as well . thanks for sharing with others and giving me reflection of many things I have never given a second thought to
80% of wealth is acquired either through inheritance or illegal practices. ( This includes- fraud, tax fraud, tax avoidance, drug dealing, human trafficking, modern day slavery and exploitation of working people.)
That leaves only 20% achieved via hard work and honest endeavour.
Yes the lady don't realy think about how capitalism work...
So you resent wealth ?
@@AncientWisdom222 no……just how most of it is acquired 🤔
@@AncientWisdom222 wealth is a manupulating system, has nothing to do with nature, i just need it becouse of our made up system, in other conditions i wouldn't need it and neither you, you don't need money if you can't spend it. If your valutha is not accapted than its worthless...
*citation needed*
The Magic of Thinking Big, I read it many years ago, good book.
This is a great video, thankful that you presented to us. The main 2 ideas I take from it are 1) how to split money between investment/education/etc (around minute16) and 2) what gets tracked will be better, so I will set and monitor more KPI in my business
Great work. Thank you ! What about the book The Millionaire Next Door ?
Love this but one note: 4th one, there are Risk Managers and Advisors who get paid A LOT of money to advise on challenges, obstacles and risks. Not to advise to stop project or idea, but to go forward with eyes wide open and build in actions to mitigate risks. That’s not a poor people mentality. That’s seeking wise counsel. I’m not totally disagreeing; just pointing that out.
It's amazing to me how much of this is Biblical. Very powerful confirmation for me. But I agree with a lot of it, I hope more people expose their mind to this knowledge. Wealth is waiting for us, may we all go and get it by ridding ourselves of this poverty mindset.
This was a fantastic video! Thank you and blessings!
I found myself binge watching your videos- they are so good!
This video does really fall in place and allignment with my new career. The free workshops and seminars we attend at our meetings revolve around those ideas to help us become more successful. I don t know what to pick first from your presentation, but the last covers all the poor mindset: Poor people are jealous of all rich and succesful people. How many times have YOU heard poor people gossiping the rich? I m curious🤔 what was the most evil comment you ve heard? 😉🤭
True. Nothing can stop me, my mind's made up.
What is your new career ??
Excellent summary! Thank you 😊
I ❤ your videos. I hope people appreciate and use the infornation you put out there. I know from personal experience that, success and getting what you want in life, is only a decision away, followed by, planning, setting goals, descipline, and hard work.......
Thank you so much for your videos!😍 I only knew your channel today and I already watched 2 videos of yours and they really opened up my mind on new possibilities! Keep making more of these. I really love your content! 💘💘
This is called reverse causality:
The mindset doesn't get people rich or poor.
People adopt a mindset based on their experiences as a rich or poor person, because humans are for a big part product of their experiences.
Oh man. I am totally guilty of so many the poor person mentality. Fortunately I’m married to someone with the rich person mentality. He takes me out of my comfort zone all the time but it has all been beneficial.
Buck up. Time to act NOW
Excellent video! Thank you!
Thank you for this video. It's just what I think I needed to help me remember what my goals are. I had stumbled off my "path."
I've fallen in love with your type rich life. And I think some aspects of it mirror my life ☺️
This video is so valuable to awaken people who have egos of low self-esteem mentality. Great job ! Thank you.
Im Not rich but I have financial freedom and I say exactly the same about money it is a Tool nothing more nothing less but an important one everything you see around you costed money everything has its worth. You just have to use it.
I am glad to have found this video at the right time. you did a great job with all your time and effort to create this masterpiece. THANK YOU !
Generally good advice, but your statement (9:40) that you don't like taking public transport rather smacks of snobbery. I prefer it to the taxi because the money I save can be spent on the things I most enjoy - cider and holidays.
i think you misunderstood the point she was making
New sub here! This content is amazing and super helpful. Well explained! I love reading self-improvement and money books, this is the first time I have heard of Secrets of the Millionaire Mind by Harv Eker. Will probably gonna get one too.
God is my source. He is limitless and I thrive.
I needed this video more than ever before....I have a 18 year old sun who's in a fork-in-the-road....it's hard and challenging everyday...
To sum up she is convinced money gives freedom and happiness.
Your ch is going to do good.
Thank you for the support
i must say that your short explanation open my eyes and explained very well my current situation. Awesome doodle video.
Rich and poor are unhelpful references here. Abundance mindset and scarcity mindset are preferable because having money doesn’t necessarily make a person abundant , or ‘rich’ in their wider life. However, the points in the video (& book) are accurate in defining both mindsets. Personally, I have learned an abundant mindset and tried to release myself from scarcity. For example: taking more risks, but if some do not work, it’s not failure, but a process to success. In this way my successes have been more, and I have learned so much from the rest that I can apply in future situations.
This video is very very valuable. Highly recommend for everyone. Thanks admin
I am grateful to be abundant 🌟 Repeat this daily 🌟💲💰
This book changed my life
.period..It really was a book that came at a time in my life when I needed it most ✨️
Who defines who's poor? I have never been poor in my life or felt it and I am not a millionaire. Who labels people like that? Who is anyone to say someone is poor. That person is the only one that can define themselves. So many people have wonderful lives that are not rich but they feel rich inside and that's where it counts.
that's literally why she specifically said poor is a MINDSET not monetary. The judgement you feel is your own.
can you afford to stop working right now and still maintain the same lifestyle you are living now with?
Thank you for the excellent video. You have summarised this book quite well, easy to understand. Pls review more such self improvement books for us.
We are all rich if we have a Gold Heart 😊
Can you explain what you mean by gold mind
If no matter what your status in life, you're a priceless.
I have been very fortunate in my life , I was told 40yrs ago pretty much everything you’re telling people, if anybody doubts that what you’re saying shouldn’t be watching.
This issue with people is their mind set , I love this ladies videos. The sad thing is some people are just negative .
If you are at the bottom of the tree , and have ambitions, then start listens to every word the lady says.
I’m 54 and I followed all these rules since I was 15 . I left school at 16 and have never borrowed or been given any money. I have started 4 companies from scratch.
1st £59ml all cash no paper.
2nd floated a company on the a ASX and had 2300 staff. £180ml.
3rd £90ml
4th just final retire with a final exit £176 ml.
The shoes thing. I once worked at a university and one of the professors was also a captain of industry. Once at a meeting he looked at his shoes and said he needed to get them repaired. I thought, if I was a millionaire like him, I wouldn’t get shoes repaired, I’d buy new ones. I guess that’s why he was a millionaire and I’m not.