How to Properly Manage Your Money Like the Rich | Tom Ferry
Вставка
- Опубліковано 14 тра 2024
- It's not about how much money you earn. It's what you do with the money that matters.
In this video, I'm going to show you a business strategy on how to manage your money. I'm not gonna tell you what to invest in. That's not my role. Here are the best ideas of what the best professionals do to manage their money.
Interested in a FREE Coaching Consultation? Click the link: tfi.media/3w1CxSj
------------
I hope you got some helpful tips and new ideas from this video. To ensure you don't miss all my FREE training videos all you have to do is sign up here with your email:
bit.ly/TomFerry-VideoTraining
Get a FREE copy of my new book:
bit.ly/2Bblstw
Download FREE Agent Scripts and Resources:
bit.ly/2iDEjpJ
Tom Ferry Events:
bit.ly/2gQBjbD
Join Tom's VIP List:
bit.ly/2sMb73n
-------------
Connect with me on my other social channels:
Website - TomFerry.com
Facebook - / tomferry
Twitter - / tomferry
UA-cam - / coachtomferry
Instagram - / tomferry
Podcast - / coachtomferry
You are advised that any Information provided on this podcast is not legal advice. Ferry International assumes no responsibility for consequences resulting from the use of the Information. Some of the Information may be outdated or not consistent with current law.
I'll save you 20 minutes
50% Home
25% Savings
25% Invest
I'll save you another stupid comment
100% Expenses
85% Income as a percentage of expenses
0% "Invest"
Thank you! You're the real MVP
I just broke $1,000 on investing in 30 days. Hopefully I'll be at $5,000 by the end of the year.
what are you investing in?
There is also a thing called food...
Best Rule for Spending:
"If you can't buy it Twice, you can't afford it"
Fuadarino jay z
Thanks man I saved so much money after I stopped paying my rent.
you're the real mvp
You are a genious
nii aryeetey im keeping this
Step 1. Know where your money is going.
Step 2. Cut out things that don't add value to your life.
Step 3. Consider cheaper options to replace the things you like.
Step 4. Sell things you no longer have use for.
Step 5. Consider things to bring in more income.
Step 6. Do without, you don't need EVERYTHING you come across.
Step 7. Realize that even if you can't have something at that time doesn't mean you can never have it.
Step 8. Forget the social norms. Don't spend your money just to keep up with trends.
Step 9. Ask yourself if what your spending your money on really matters to you or is supporting your goals.
Step 10. Stick to your budget. Have a savings account.
I'm 22 years old and that's the things I've realized about my money and its a journey. Hope that helps someone.
Thank you for this! Sometimes it helps me understand it better if I read things instead of listening to them
been watching bunch of other vids about saving for about an hour and this comment helped more lol
You’re quite an intelligent 22 year old!!!
Thank you for sharing that!
Got this screenshotted
To anyone reading this, remember Rome
wasn't built in a day. your hard work will pay
off
I'm With bitcoin you don't have to run out of
cash anymore
While you are working trying making other
plans, before when you retire, no one
will cater for you invest in bitcoin now and
be happy in the future.
The way Mr Adrian Brayden Calebfx multiplies
Investment to make huge profits is really
mind blowing
A carrier in bitcoin offers you the
opportunity to earn a lot of money if you
have the patience to learn the process and
strategies involved or better still get
yourself a professional broker
You're right sir, thank you for
introducing me to Mr Adrian Brayden Calebfx
Trading Services
How to become rich ? By Teaching others how to become rich
Damn straight.
COTRECT
You spelled "conning suckers" wrong, tho.
or how to find jesus
If the ones you're teaching become rich, then that's good, right?
1. Spend less than what you earn
2. Invest into assets which generate income
Yes sir
#3. Wait till housing and stocks go down.. then you can buy more of the assets for cheap!
But remember If it’s not land/real estate it’s a fake asset and it’s not worth your time
@@Gassysamsquanch Land is no longer a asset thanks to taxing. Unless of course you're willing to sell.
Dumb statements. "Spend less than what you earn"? Well, how tf would you spend more than what you earned ? If you earn a $1500 check how can you spend more than that if thats all you earned
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
@Jamie Janny Exactly ! That's my major concern and what kind of profitable business or investment can someone do with the current rise in economic downturn
@Jamie Janny Yeah you're right, that's why I had to start Forex trading two months ago and now i'm making benefits from it now.
@Scott Nicole O ' Yes I'm a living testimony of her good work expert Benson Sandra
Mrs Benson Sandra has changed my financial
status for the best ,all thanks to my aunt
If you want to be rich, have the mindset of the rich, spend less and invest more, when you invest you are buying a day you don't have to work.
I pray we all achieve our dreams.
@catherine lois bitcoin is the future Investing in it is the wisest decision anyone can make and making waves in the market.
@Ella Lucinda I don't think Is ignorance is due to the high rate of unprofessional brokers out there people are scared to invest
I recently got into forex trading and I'm already marvelling over the profits am making I'm like "how the hell have I been sleeping on this
Same here
I think I'm blessed if not I wouldn't have met someone who is as spectacular as expert Mrs Sonia
These "CHECKS" you speak of, where can I find them?
work
@@dixoutharambe3704 lool truee
This only works if you have a business
@@CorporalFlynnFlyTaggert What do you mean? the checks just represent your income. If i understand correctly, It is possible to become a one man company, so getting incorporated is possible and usefull. Your biz expenses can be something like gas money you need to get to work, or lunch, plane tickets (if your job requires to move around and won't pay). The inv. account is pretty self explanatory i think. lemme know if you see a problem that i don't, because i'm very curious as to how this seems like such a magic solution and no one is using this. I notice that the general message is just to organize and compartmentalize your money.
@@hoane6777 So this is all about how to not pay taxes of your money? That doesn't sound healthy to your country ... 😅
Hey bro like you said. I opened a company .
Now Kindly upload next video how to file bankruptcy
😂
lol
Lol funny
Hahaha
😂
Never stop dreaming. Be hungry and never stop believing in your dreams. If someone can do it, you can do it. Be strong
Being successful don’t happen by magic
Success is dependent on the action or
steps you take to achieve it. Show me
a man who doesn't have an investment
and I will tell you how soon he'll go broke
Investment is building a safe haven for the
future: with the right choice of investment
that has at least 1% minimum risk and
with an Expert guidance, profit and interest
should be 💯 guaranteed.
@@renanperez9299 I agree e with you 💯 .. I had a senior
colleague at work who was doing well but
never had an investment. Unfortunately he
lost his job and went from living a
comfortable life to hardship. There would
had been something to fall back on if he
had an investment
@@renanperez9299 True, there is never any culture of wealth gathering or wealth creation to keep multiplying your finance that lack an investment value. This means, if you have to plan you must be an investor. that's why Investing in crypto stands to be the best
@@helenwalker2934 The only credible law of increase is investment because money not invested has no future. I make huge profits on my crypto investment since i started trading fx with Mr Kelvin Maorgan, his trading strategies are top notch.
It is the planning you put into today that will yield the dividends of prosperity for you tomorrow.
Rich vs. Poor
The most important difference is.
Rich: Invest
Poor: Consume
New York City currently has apartments worth millions of dollars. No one can live in them, except the rich. But even they don't live in them. So, you wanna know why they purchase them? Because they expect the values of those houses to increase within a couple of years when they sell them. While your iPhone, iPad, Samsung Galaxy S9 or whatever will for sure lose its value within the next couple of years, if you want to sell it.
very true *thumbs up*
Well that and the new Jim Crow
Who buys them in a few years for a greater price though if nobody will now? Other investors? Apartments that never get lived in
I would say the most important difference is
Rich: Buy things they want because they can.
Poor: Buy things they need because they must.
If the person has any significant amount of disposable income they aren't poor. Don't confuse middle income people with bad money management skills with the poor.
onee amen. There are two of us in a job. I asked to reduce my wages in exchange for a share of the business. The other guy buys cars trucks and stuff.
I am now getting profits and wages. Which I continue to invest.
He gets sick from working two jobs to keep buying stuff.
Seems to me like the best way to get rich and make lots of money is to put on seminars telling people how to get rich and make lots of money. And if that doesn't pan out you can always write a book on some new weight loss miracle.
You are correct in that the best way to make lots of money is to sell a product or service. You have access to the global village. Use the internet to your advantage. Imagine if 1 in a 1000 people that saw your website bought something. Imagine 10,000,000 people visited your website.
adamgm84 you are right. But it completely becomes less about helping or passing on information and more about duping people to spend money on a bullshit system so you become wealthy. It’s really fucked up.
At the end of the week, US stock indices showed a negative trend. Apple Inc. (AAPL), which caused a decrease in the quotations of most…e-fin.top
😂😂😂😂😂😂😂😂😂😂😂 facts
Daisy8luke "The best way to get rich have a following of 1 million on social media, then write alot of books and sell them to your followers."
No one does it better than VladimirCorp
If I've learned anything over the past 2 years, it's that life isn't just about money, but money is an important part of life. It impacts every aspect of our lives, from where we live, to deciding to start a family, to retirement. When I got my first paycheck, I knew I had to invest. I didn't think a few hundred dollars a month would add up. But it is. From 2020 to date, I have made around $600,000.
No doubt. Investing still has the potential for higher returns over time, those returns are not guaranteed! I'm still scrambling for a safe place to invest my savings of around $46,000
@@GarrettDills I know it can be daunting to get started, so I would advise you to seek the help of a fiduciary counselor so you don't get ripped off in the market. They have proprietary information and data paths that are not disclosed to the public.
@@ThormanBoucher I agree. Based on firsthand encounter with a fiduciary counselor KATHERINE DUFFY BURKE, i have $385k in a well diversified portfolio; index funds and individual stocks. Index funds are 60-70% of the total value of my portfolio and 96% of my index fund portfolio is made up of 2 globally diversified funds FTSE Global All Cap Index Fund and the FTSE All World ETF
@@RachelBrinkmeier WOW!! Please how can i reckon with such skillset? i havev approximately $57,000 to grow advantageously
@@TeresaBrickle Her contact details are available online, just do a search using her fullname
This video was on my recommended pane. Watched the entire thing, but I didn't learn until several minutes in that this was directed toward real estate agents. It would've been nice to have something in the title about that.
Oh fuck
Darkened Light cmon you guys don’t be dumb this has nothing to do with being a real estate agent.. any checks you get from work are already taxed, so you just gotta split them up accordingly like retirement accounts 401ks etc and budget yourself
It can apply to anyone who does independent contract work, or can get their employer to pay them as an LLC.
It's for any business owner, entrepreneurs, any freelancers, any work for yourself. Even if you don't have a business you can still follow this info the only thing is you don't have a business expense; that's better for you. Come on guys you gotta think outside of the box. No one is gonna hold your hand ( well that not totally true; you can get a life coach to keep you on track). The commenter darkness light...something like that....gave you some good info on your comment. Just DO NOT put it off.
Its really geared towards anyone who uses a w9 and is an independent contractor
The secret of your future is hidden in your daily routine. Successful people do daily what the unsuccessful only on occasionally.
You're right, , Thanks for introducing me to mrs jane rucker rutledge
People remain out of ignorance, people are scared of investing because of the high rate of scam in the business.
There are scammers but real brokers are out there for investors
My first investment with mrs jane rucker rutledge gave me profit of over $24,000 Us dollars and ever since then she has never failed to deliver and I can even say she is the most sincere broker I have known
Yes I'm a living testimony of mrs jane rucker rutledge
One thought is to buy the dip and then wait to break even, another thought is: Will buying low during a recession work if I'm retiring in the next 3years, I'm no way near prepared for retirement and I just need strategies to scale up to atleast 2million by the time I'm set to retire
I think it's especially difficult for people who are retired or about to retire. My apologies to everyone who retired during this time after putting in all those years of work just to lose everything to a problem you weren't to blame for.
Since the crash, I've been in the red. I’m playing the long term game, so I'm not too worried but Jim Cramer mentioned there are still a lot of great opportunities, though stocks has been down a lot. I also heard news of a guy that made $250k from about $110k since the crash and I would really look to know how to go about this.
There are actually a lot of ways to make high yields in a crisis, but such trades are best done under the supervision of Financial advisor.
@Dan Brooks Impressive can you share more info?
Wow I can't believe you guys are discussing about Janet Karson Hardy , I once met her at a conference in California 2019, just before the pandemic. I can testify that she’s very good in trading..Highly recommended.
The rich stay rich by spending like the poor and investing without stopping then the poor stay poor by spending like the rich yet not investing like the rich
This must be an investment with Mrs Margaret
Mrs Margaret is the right person to start crypto currency with, she knows her ways around the crypto world,she has been helping me increase my Investment every day for over 6 months.
Such a wonderful personality, you’re totally a genius with your work and you have the best options.thank you for your help Mrs Margaret
Contact her directly 👇👇
美国美国美国美国美国美国美国美国
┼𝟏𝟗𝟏𝟕𝟐𝟕𝟏𝟏𝟓𝟑𝟓
国美国美国美国 美国美国美国美国美
So the magic trick is: Don't spend everything you get and save money. Wow, mind blown. Who would have thought?
Many people don't know that
@@AndreaLPM1 I agree. The point was more towards making a big show with long stories and clever looking charts and asking for a lot of money for something you could write in one sentence. If you cut away all the fluff there isn't much knowledge here. And then calling it a "business strategy" - feels like a scam to me. Because it is. Who agrees with me, say "I"!!!
@@christianbohm6118 "I" !!! Well, you are right.
People love to spend money.
Save money to invest and not to let it sleep on your account, but I also have to say let it sleep is still better than spending all the money from your account
#1 Rule for having enough money.
Don't create more monthly debt than your monthly income.
No matter what your income class is, live within your means, refrain from being sucked in to the materialism whirl pool. Be an individualist, not a weak follower and you will be happier and have much less stress in life.
67NewEngland 👌
Must be nice to have disposable income...
Is written in David Cooperfield in chapter 12, the Micawber principle: "Annual income twenty pounds, annual expenditure nineteen nineteen and six, result happiness. Annual income twenty pounds, annual expenditure twenty pounds ought and six, result misery"
67NewEngland q
67NewEngland you win ... best advice simple and affective
*Tom is such a blessing to me; I believe success has no shortcuts but are ways to go about it; they are below👇*
*If you do nothing about your finance, your income remains stagnant while expenditures rise. There’s no shortcut to getting rich, but there are smart ways to go about it.*
I’ve always been fascinated by investing my money to obtain financial freedom; I need to start now. Could you possibly give more information on the ways to financial freedom
I engage in diversifying various investments through proper planning and management of a good Investment Professional and so far have earned 500k $ returns; my retirement is looking good 😊
As to get more details about my lnvestment ProfessionaI *(Diana Alexandra Hunts)* ; do quick internet research where you can write her, research with her full names mentioned.
Great stuff! Got it, thanks for the great information. I appreciate 🙏
When you invest, you're buying a day you don't have to work.
@Lucas Hudson you're right Sir, it's obvious a lot of people remain poor due to ignorance
@Lucas Hudson it's better to take risks and make sacrifices than to remain poor
@@kelvinpeter8640 it's not ignorance but due to some unprofessional broker in the market
I recently got into forex trading and im already marveling over the profits I'm making, I'm like " how the hell have i been sleeping on this
Delightful😁 i dont know who need to hear this but saving money wont make you a millionaire investing will, so take out some money and invest, but invest wisely
Oh geez.. I'll save you a few minutes
5% Save
10% Home
5% Invest
80% Hookers and beer
John Smith hahaha, u must work on wall st
I have to reduce beer and hookers down to 80?! This is bullshit
I'll just get a credit card and increase the last point to 140%
You saved me no minutes. I'm a tee total female with no taste for prostitutes.
@@maryamkim1281 Want a cookie?
_From me to __#Vcorpinvest__: you are superficial and I give you glory for everything you have achieved for my siblings and I, this is some next level stuff_
This entire presentation is designed for someone with their own business not working for someone or retired...
+Fun2 Drive That makes his mention of a 401(k) a bit odd.
401k is just an example. People invest in Roth IRAs as retirement funds which you can open multiple ways that aren't through your job
+Mental Absence 401(k) is an example that would not apply in the situations he's discussing. It makes it sound like he doesn't really know what he's talking about.
Ah I see what you're saying. Mb
It appears he was talking to real estate agents.
FROM #VCORPINVEST : ITS NEVER TOO LATE TO START PREPARING YOURSELF FOR A BETTER AND MORE FINNCIALLY SAFE FUTURE , THE TIME TO BEGIN IS NOW , START SOMEWHERE START ANYWHERE
Thank you for this Tom! Going to remap my spreadsheet around my business surrounding some of the things you shared here
After watching this and take notes for 15 mins I start to feel that *THIS should be taught in the junior high school of every country on earth.* This fi-lit knowledge can be a huge benefit when the kids grow up and make a living. I totally don't get it why the money literacy isn't in the school curriculum. You have social study, health study, music and arts but no money literacy which is the fundamental knowledge of real life survival.
Jo Montanee.
No System will teach this.The system wants you not to know this. System wants to make use of you for the benefits of the system.
Jo Montanee so true, this should be mandatory even in university or college! Nothing is taught like this
If kids was taught how to use money then capitalism might actually work for everyone.
because then the giant corps and banks wouldn't have slaves.
Thank you, guys for your input!
@VeryCleaverName I bought a book "
The Money Deception - What Banks & Governments Don't Want You to Know", it's about The Banking Institution to keep fooling us. You may be interested.
I'm sure the rich normally watch these videos and they're like "is this really how these people think we make money? damn they stupid" smh
yeah they make their money from voodoo magic sacrificing poor babies
Just middle class, well-off, but I was thinking this as I down-voted this horrible video. This guy is a fraud, charging all these people (most likely) an exorbitant amount of money for simple advice. DONT SPEND MORE THAN YOU MAKE AND BUY ASSETS THAT CREATE CASH FLOW.
Agreed
This is a video about money management, not how to make money.....
Can you not even read the damn title of the video? Lots off smart-ass idiots in this comment section.
I am in Canada and have never paid more than 25 percent tax. These are great lessons. I take it for granted thst I was taught this at a young age but I see so many friends struggle.
Recessions are where millionaires are created. I feel for the older generation, but if you are young or middle age, you should do everything possible to double and triple your investments.
I agree with you. I overheard someone talking about how a couple made $200k during this red season but it’s risky except you’re being guided by a pro.
Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a phone-call session with her.
Meta half price!
Sounds Good all I Need Now Is A Raise😐
Then you didn't understand the video... let me make it short: Read the description!
The idea is to make more money not only via your job, but by building a business. You also need to learn to spend less on your lifestyle. Stop buying new, buy used. Move to a cheaper area/smaller property. Spend less on entertainment. if you Live BELOW your means, your means will go up and you'll get rich.
Brian Sperryn I LIVE IN THE HOOD
DRINK MALT LIQUORS EAT CUP O NOODLES AND HAVE METRO PCS.
I feel ya. Well it's lessons for what to do when that next paycheck or promotion comes in.
nWo I RaZoR, look at it (and Tom Ferry) this way.
(I posted this above). What's "5% of every check"? 5% of the gross, or 5% of the 34% (of the gross), that goes into the investment account? $10,000 is a large amount for a monthly income. So that 5% is $170 (a month), going into the Real Estate Account. To accumulate your out of the air figure of $185,000 in the RE account, would take over ninety, that's nine - zero, years to accumulate (not taking into account compound interest, but still...). I hope to be dead in 90 years, dude. Just another salesman, peddling verbal diarrhea.
Make it real, or don't make it at all. You're getting the checks for your seminars and courses and UA-cam views, but your paying students/clients are walking away, no better off.
Please edit this video and release it with more accurate information.
Tom: If you know someone who doesn't have enough money lift your hand
Me : Starts with myself
i am going to do this soon....thank you
Being rich is not all about having money,it is all about longevity. Having several streams of income and going into investment that generates vital income is a solid key to being rich
The rich keep their financial by making productive efforts such as investing passively. Because investing often leads to favorable outcomes,The rich find a way of balancing financial stability through investment
Investing in general is profitable,so as my stock investment been very lucrative. Recently started trading stocks and it has led to my financial growth. I no longer have to work 8-3 since i leverage of the service of an expert stock broker to acquire consistent profit
@@lachlanprinsep8612 recently started trading stocks and it has been very difficult,Been watching and going back to most tutorial videos for weeks and still no progress. How can i get to make consistent profit like you do mate?
@Noori Hansen spot on, The rich go into debts, They mostly capitalize and rely on loans to source themselves financially
@@stevenkent8593 i trade with wilson and i get good profit in return, she renders good trading counsel,contact her if you’re seeking professional trading assistance,she’ll help you earn
This is all good advice & yes thee 80% tend to spend all their paychecks (me). When your bills and cost of living are 97% of your income of 23000/yr.
You have income problem then, up your income, it's insufficient and you can't really lower your lifestyle much lower than that.
enemy boat work at the bank as a second job. Develop leadership traits.
Perfect now i just need money!
Great video. Clear vision, denunciation of information. Worth watching again. I wrote it all down.
I been looking around on ways to change my enhancements on financial literacy! Great video Thanks Tom!!
You cannot manage what you have not earned. Invest first then earn and begin to manage tomorrow but most importantly, invest through a professional financial consultant. Great video Tom.
I have heard that some financial advisors charge lot of fees for professional service. How true is this?
I am hoping to invest $245,000 but I am also a beginner . So I will be glad if I can be recommended to a reliable financial advisor.
Please I will be glad if you can recommend me to any reliable and responsible advisor. Thanks
I invested through PATRICE ANN ISABELLA , she lives here in the USA and within five months, I have made over $560,000 in profits and still counting. She only provided guidance while I was totally in control of my funds. She is available on the web...
@@vargaskenneth8837 meaning u were already rich. Or like he said generation rich
I just need to work out the best way to get those cheques coming in in the first place
I like the formula,I will definitely implement it,Thank You
This has now given me fresh perspective on how to manage my money
This should be a required class in every high school or even middle school. This is the one lesson that is not and should be required to graduate. Period.
My business teacher tough me this but the school wasn't suppose to.
atlasdaddy If they teach it to everyone then they even the playing field with knowledge which is not what they want.
atlasdaddy facts
Every Financial Lit class you mean?
Yes to most of it. Great speaker, keeps your attention, but this seems more towards people who run businesses. If it was geared towards that 80% who are working 'normal' jobs, going to school, have loans, and trying to dig themselves out of the minor hole they got put in cuz their parents werent that smart, THEN it would be a realistic class to share.
First thing you should know before you start to manage your money correctly :
- Don't go for something which you can't acquire with what you own. If you don't have the money, that means It isn't for you. Debt makes you a slave to somebody who is concerned with his own wealth, while you are doing everything possible to boost his wealth and not your own.
I’ve been with VladimirCorp for more than five years and it’s one of the best decisions I’ve made in terms of investing. I use my self-directed IRA with Preferred Trust Company. I work with my Investment Representative from Ignite Funding who is very professional and knowledgeable as well as the other employees in other departments. I get answers to my questions right away. I have more than 20 loans at the moment and interests are paid in a timely manner. I’m grateful to have them.
I would love to see an estimate of how much is the hour spent into setting up a yt channel valued. That is, if you were to stop creating content how much money would you get per month and what would the resale value of your channel be, considering that return #VCorpInvest was my REDEMPTION
real lesson: find a way to not pay taxes
Bock35813 That's all it is.
Bock35813 there is no way
i could not agree more!
Use debt wisely!
Invest dude.. your taxes will drop faster than your jaw when you see them
Commit to your dreams. Don't be afraid or too proud to make short-term sacrifices to achieve your goals.
For me it's hard because I feel like I just have to get ever thing that I can while I'm young!!then it ends up being a cycle of me spending things..i just wish I was more financially savvy!
I love this model. I’m curious about one thing though. How would I include credit card expenses if I was interested in building both business and personal credit.
Would I simply include that under business expenses?
I don't know who, but someone actually needs to hear this, you've got to stop saving all your money. Venture into investing some, if you really want financial stability.
Invest globally in bitcoin, gold, silver, forex market, commodities. Just don't be left out and save yourself.
Good talk I tell that to my friends everyday. Saving is good investing is much better, I used to think saving would save me but NO, saving is just keeping to spend later.
@@Admin-jm4kf What if you don’t know how to trade any of these?
@@rodrigo2014 I mean.... I see your point. Some people have money and are willing to invest but the problem is where to.
@@rodrigo2014 This is 2021
People who aren’t even traders makes money from stocks, crypto and forex market.
I'm quite good at spending money
but a lifetime of outrageous wealth hasn't taught me much about managing it.
- Tyrion Lannister
The amount of time we spend believing we can't is more than enough time to learn how you can.
-my Brain.
Am definitely stealing this, you are genius.💯
Expert Mr Mark Ramsey has managed my account for 4 years now and his weekly profit is so helpful to me.
All my financial goals have been achieved since I met expert Mr Mark Ramsey.
You are 100% right.
The no risk factor in his investment is the most amazing part about trading with him, this means he takes responsibility for bad outcomes, landing you with no chance of loosing money.
I admire this guy. Awesome seminar thank you.
Thanks Frankie! Been trading for a year spot only. Think I'm ready to try low leverage a little at a time. This was super helpful!
I am fully convinced that financial literacy is a silent pandemic
Love it. So true! People are scared to invest and change their lives. That's why I started documenting my journey to see for themselves how to earn passive income and how quickly they can earn with crypto!
Theirs a reason they don't teach this shit in the public poor people schools
💯 agree
better than UA-cam Rewind
I have been watching some videos and I was thinking about speculating. but I still don't know where we start from.
I want to also begin too but I don't know how.
Growing an account requires dedication and patience..
I was winning in a demo before I started a life account. all I can say is that I made losses in different attempts
I thought of investing in BTC some time ago but was discouraged by my friends..
I am the only one who still doesn't understand how bitcoin investment works..
I really like this. Thanks so much. Definitely doing it.
All he said was split up your money.
Yuupp. Thx for wasting 18 minutes of my life.
Exactly.
JT Tha Beatman ...pretty damn much...that's what I got out of it too..
In a nutshell yes. But if u pay attention. He said, manage your budget, invest, and save.
What u NEED to spend(bills), what you HAVE TO INVEST(trade market, housing, buisness,etc) and what you can SAVE in your personal account to spend as you wish (trips, vacations, clothes, jewelry, electronics ETC.
I belive money management was 50%expenses, 30%savings and 20%spending. Your missing the point if you sum it up I to 1 thing
when you don't have content but you are a public speaker
forreal this is trash lol. basic fundamentals that don't require a 15 minute video
Basic fundamentals yet nobody uses them or nobody is taught and still question why they are always living paycheck to paycheck
The basic fundamental is to understand math: aggregated average means a lot of people under the average and a few people over it.
Totally agree100% . Just a public speaker. What he is teaching is basic knowledge.... nothing new at alll
Lalu yadav
If you want to be successful, have the mindset of the rich spend less and invest more, I pray everyone here becomes extremely successful!!
I'm looking for something to venture into on a short term basis, I have about $6k sitting in my savings, what do you think I should be buying?
Most people venture into investments to be a millionaire meanwhile I just want to be debt Free
I'm new to crypto trading, how do I get started with the help of a professional?
Any specific guide??
@Investors motivation thank you, I will write her immediately
Simple logic explanations and great job with the win! It was indeed a complete beginners guide. Thanks a lot! ☺☺☺
You're putting a good reputation to this channel and everyone reading this! great job but Its really needful for beginners not to settle for videos alone or they will see themselves losing all their money just like me when newly started trading with this videos here on UA-cam
How does this trading stuff work? am really interested but I just don't know how to go about it. I heard people really make it huge trading
@@berniedayao Before following a trading strategy, it is better for you to read backtest results from the related trading strategy, it can help you optimize and improve in your trading strategies.
That's true, most time watching several videos will end up confusing you more. It requires basic knowledge from a reputable expertise who can provide proper guidance to carry out the right investment plan. If you know how to trade you can make a ton of money no matter where you find yourself
I’m yet to see the backtested results in my trading account, so I’m also working on being more aggressive in adding to winners.
This could be a 3 min video.
No it couldn't. And of course it's a 'typical middle class video', not saying, wanting to know, speaking out, reflecting too much that amongst the 80% very often we see a 'rat race' about who is in which position within the 80%. They are not all equally well off - and very often there is race for 'becoming more for doing less and being smarter in doing less' amongst them.
First of all you need to want to transition. So money is not your first tool, it's just the second.
And maybe it could be possible to balance all three positions in life, 5/15/80, cause everyday is new, and you are free to choose, who knows?
Maybe just a matter of choice indeed. And living in a country or a society where opera and healthcare are affordable or almost free for everybody could make for a huge advantage to start with. Or to help to make sure that the United States of America and great britain will transition into such a countrys as well.
My parents, now passed away, went to work both full time, they raised three children successfully, build their house, paid the mortgage and due to that did almost not pay direct taxes on their income for at least two and a half decades - and our country was prospering to the most. Do not live in the wrong country.
1
@@JamesBrown-ux9ds lol sheep
@@JamesBrown-ux9ds you don't need this video to learn anything. Just spend less, save, get a good career, open businesses and have a diverse investment strategy. Ez clap
The key point is generational wealth. You practically have to be born from rich parents. That’s why I’m poor..lol
This video could be only 3min... Americans talk to much....get to the point bro!...
Ikr?? I change it to 1.25 speed and still jumping 5 seconds forward every time.
Every details are important in life .Managing money to become rich has never been so easy, not like just one click.
. So don't expect the video will too.
he gets paid by the hour probably :DD
True talk
Right? I have done business with Americans and they are such annoying people to deal with. They never say what they actually think and when they speak the talk in 200 different ways except about the thing that matters.
This is what I needed!!! Thank you 🙏
#VcorpInvest is the start of plenty good things to come , I pray to God enough people gets the opportunty
It is a huuuuuuuge diferance between check and checks. That ”s” is not easy to acomplish and all those financial advisors just ”asume” we receive it while it is the hardest part in whole story
Arnes Beganovic Their art tons of ways to bring in check"s". You just have to figure those ways out by research, brainstorming trial-and-error, fail, get back up and again, Come up With a different idea you have gotta be creative and take action and keep going, having multiple streams of income is a basic fundamental of being financially free. But this badass right here just broke it down so perfectly on what to do with it all after receiving the check"s", so awesome...Good luck
I just love the way you simplify extremely complicated parts of the business by word "JUST". Just figure it out. It that is that easy, everybody would do it. It is not. I know that you have to put 1/3 for taxes, 1/3 for consumption and 1/3 for reinvestment. Your "just" implies HOURS of research, huge startup costs with high risk to lose everything, huge frustration on trial-and-error, big will power on failures and tremendous patient by repeating same boring job which brings checks (one you find a way). I know, it is not impossible, I just say that it is not that easy as he explains in a video. He is probably selling something aside which is also a cost for you if you start with something.
First you need to work very hard . Second try to save money as much as you can . Buying thing that you need not things that you're want . Third , Do research what's best for you can invest in . Sometimes you just waiting for right time to invest .
I know exactly how you feel. It is a MASSIVE difference. Making money is really hard and I take offence by these get rich quick seminars because they completely neglect 99% of the problem, which is dicipline to work hard on your start up.
You’re exactly the type of person I stay away from
So 20 mins to tell you get more income
than expenses and channel it through a corporation to pay less taxes... thank u genius! Another “Guru”...
yeah I though the same!
It is a bit more than that, Juan: he emphasised having a plan and making and keeping a budget for your expenses. It does not matter how much you earn, if you do not have a wise plan for how to spend less, how to save more, and how to invest the difference.
@@brentshuffler1234 Correct. We've heard that before from other gurus that's our point!
You don't become financially successful over night. You must put in background work to achieve success, 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.
Not fear all the time. It could be some practical factors which 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 it, most times people with minimal or zero knowledge of the market try investing by themselves. I was once a victim. I learned my lesson and contacted an investment consultant by name ''Stephanie Priscilla Bonillo'' and my story changed. I started enjoying huge returns from my investment.
@@instinctively_awesome8283this is just as I've heard it from professionals. Ways for one to get through to the consultant?
@@Natalieneptune469Stephanie Priscilla Bonillo is the name. She's quite known and has got a website. So, you can check her out online and subsequently contact from there
@@Mcdd7-_- If you want success and money, you must learn the basics of investing if you want to understand investing and the fluctuations, Olivia. The fluctuations are everywhere, in all our life, nature, and feeling, but, fluctuations in the stock market are the gold money to make all day and every time the values go up and down IF you know how and when to buy and to sell the share and how to ensure the stock with options to make 10-time your money than simple buy and hold and forget it. So, you can make money in both sizes...up & down and even when the values of your share don't move at all. That way 98% of people lose money investing because most of them are lazy and want something for nothing and religious stupid people wait for god to help them to win, but that way is not a possible success, because God, loves only intelligent people who get what they want working hard no waiting something for nothing...
Greetings
I just wanted to say thank you for the awesome presentation. For many years I have tried and tried and tried to manage my money the right way but I always end up being broke or barley making it check to check. Long story short I'm 54 and my financial portfolio is shot and I needed a blueprint of how I can get my finances in order once and for all and become financially secure and enjoy life. I've tried a few financial advisors and all they got was money out of my pocket and as for NO results to help my financial mess.
I will be utilizing this method and listening to some more of your content.
Hey Taji please answer: what kind banking account is the one we’re supposed to open for our business? Is there a particular name or is it just any old savings/checking?
"Take 5% of your check and put it in the real estate account. After two years, you're like, 'I have $185,000 sitting in that account!'" 😂😂😂
Kiyosaki in "Rich Dad Poor Dad" said that he only needed 20k to start flipping houses during the housing crisis. At my paycheck that's 4 years.Though being fair I'm paid pretty well. The market around the country ebs and flows, finding the right place and right time is all your really need to start.
Instead of looking how this advice can work for you, you are trying to prove it doesn't. Who do you think loose in the end? Here is how this advice worked for a person willing to apply it: he/she saved cash for the time when opportunity comes... I saved about 11 grands over a few years... then opportunity came and I was able to finance a small condo that I now rent and it grows in price... you see... it works if you are willing to use it. But there are 50 ways to prove that it doesn't work(all false, because obviously it does/did for at least one person).
😂 This guy is a dickhead ripping these poor people off with ticket prices. Really really basic advice.
That's the exact same bit where I stopped the video! :)
Who doesnt make $4.625.000 dollars a year am I right?
Successful people don't become that way overnight. What most people see at a glance-wealth, a great career, purpose-is the result of hard work and hustle over time.
Yeah! I agree with you sir.
If you want to be successful have the mindset of the rich, spend less and invest More. Don't give up your dreams.
@@peterbedley2719 People come here with the aim of chasing money more than knowledge and that will damage your progress, trust me. Chase knowledge first and I promise! The money will follow you just like it's following some of us now.
@@itoboreoghenevwegba4306 That's very correct sir!!
And that is why most of them end up losing they m o n e y to
s c a m m e r s.
Don't be in a haste to invest. Know what and who you are investing to and be sure that the person will deliver before investing.
Hi Tom. Thank you so much for sharing your knowledge and wisdom. Cheers
Good & text me☝️☝️for more tips on a good investment strategy to start earning Daily..
The economy hardship, recession, unemployment and loss of job caused by covid pandemic is enough to push people into financial ventures.
I have secured financial freedom by investing in bonds, equities, EFT's and some digital currencies
Mrs maria jones is legit and her method of trading works like magic shes one step ahead of other traders.
wow I am just shocked someone mentioned expert Mrs Maria Jones I thought I'm the only one trading with her
She helped me recover all I lost trying to trade myself
I think I am blessed because if not I wouldn't have met someone who is as spectacular as expert Mrs Maria Jones
"money is a tool nothing less nothing more"
#jack ma😉
Nothing MORE, nothing less
The hidden 1%: Create seminars and sell them for millions.
You are almost right !...Actually it's about a Book ! you can bet he has a book he is peddaling !...it's always a book ! trust me !!!
Cough cough Dan Lok
Loosers mindset.
@@Tidaltwist oh yeah how so??
@@Tidaltwist I'm waiting??
I watched this a longer time ago,maybe years,it was very helpful on the way.
Glad its still recommended and online.
Even though I am not an entrepreneur, this is some good info. Thanks for the video.
First step is learning to save money, then figure out what makes money so you can spend whatever percentage of your savings on what makes money, and also look at your rent/mortgage, electricity usage, food, water, insurance, car payment if you have one, gas cost and how often you travel, there are many ways to reduce cost on most of what i listed you just have to google search or grab a piece of paper around your home, figure out what costs what monthly , sell what you dont need, control impulse purchases for things you want, get rid of friends but keep 2 so you dont go out as much but still keep your sanity, boom 1 year later see where you're at and repeat till you have savings you're willing to pretend doesn't exist to then invest in.
And then what? Be rich but lonely and miserable..?
Yeah, saving is good and cutting costs etc are all good, but deliberately losing friends is really bad advice.
The ultimate goal in life is to be happy a lot, money plays a big part in that, but so do friends etc.
Robdawwg best comment I've seen so far
Robdawwg your right!!..I learned the hard way and so called "friends" are there to use u...I know...since I don't have a lot of them. I'm starting to realize...just keep a small circle...remember Jayz said less is more there's plenty of us
Robdawwg So your talking about Investing in Assets? Sounds good to me.
I am guessing you read the book “Rich Dad Poor Dad.” Your advice sounds a lot like the author’s. I truly agree with you btw.
If any of you haven’t read the book I completely recommend it. It’s by Robert T. Kiyosaki
Your support and encouragement have always been the driving factor in my life. Thanks you so much VladimirCorp
Những ca sĩ khác cho mình cảm giác thư giãn khi nghe! Còn ĐP luôn cho mình bị cuốn theo tinh thần bài hát.
This is advice at the most basic level, and I get many Americans need this. The title is misleading as this seems to be a convention of Real Estate agents and how to manager their cash flow and avoid taxes. It's not really about how to manage money like the rich do...or at least it is a tiny fraction of that context.
Setting up a LLC or similar structure for your small business is not a bad idea, especially if you are in an industry that tends to be litigious as it essentially serves a shield from your personal assets if you were to be sued in the course of the doing business. But you don't need to be a corporation to take advantage of small business tax deductions. An unincorporated sole proprietorship can do that just the same.
I found this not helpful also. But if you are looking to invest, i want to share this wonderful platform with you that that has made life and business easier for me. Bitmine is the best cloud mining company that guarantees you 20% or more profit you invested depending on your mining plan sent to your bitcoin wallet. i advice you give bitmine a chance, and you will thank me for it. Or you can send me a mail if you wish to know more about this wonderful platform
step 1: have more money than you need to pay all your bills
When you stop learning , you get left behind . Never stop educating yourself
I realized that the secret to making a million is saving for a better investment. I always tell myself you don't need that new Maserati or that vacation just yet. That mindset helped me make more money investing. For example last year I invested 80k in stocks (with the help of my Financial Advisor of course) and made about 246k, but guess what? I put it all back and traded with her again and now I'm rounding up close to a million.
@@jessicaallen6874 Yeah! every $1 you invest today is a little bit of time that you buy back in the future, the more you invest, the more free time you can afford in the future, having time and the freedom to choose what to do are the ultimate investing goals.
The pandemic came and taught me the importance of having multiple stream of income, unfortunately having a nice paying job doesn't mean you are financial secured anymore. So we all need to put in an extra- income earning chance, like bitcoin, stocks bonds real estate .
@@jessicaallen6874 True! Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. The stock market has plenty of opportunities to earn which I myself took advantage of. I made my first million from going diverse, mainly ETFs(stocks, bonds etc), bitcoin , and gold. I'm also working on an investment plan that includes NFTs with my advisor, Katie . It's been a year and half of steady growth.
@@berryobrain8433 What actually the idea behind this bitcoin investment,I have been watching some videos and I was thinking about investing in bitcoin , but still don't know where to start from
Thank you Tom this has being a blessing ❤
I see a lot of jokes about this video, but if you actually listen it's a very smart way to maintain wealth. All wealth is is knowing where your money is coming and going
Nah this is not about wealth I can tell you that!... I am wealthy and my picture looks very different where most of my spendings comes out of an investment account for real estate...THIS GUY IS NOTHING BUT A FAKE LOSER!
TL;DW: Budget
This is wonderful. Now I know how to manage my money
70 now and everything paid for. Everything you mentioned, I had considered after retiring, but didn't do. Fortunately, I had a college economics teacher that taught me a lesson at 18. That lesson was: for every purchase you make, you can't buy something else. Varied sources of income is wise and especially living within your means. Think about taxes and how you get your income. I made $72k combined net last year and paid no Federal taxes. I own a 23 y/o vehicle because that's all I need and I like it well enough and I can do anything I want to. My net worth is $2M and I can pay my bills with no stress, but I don't live like I have that. I have no complaints.
Right there with you. I'm retiring early, no debt. Kids are taken care of. Building my dream home on 11 acres, looking over the river valley. there are loads of ways to make a killing right now, but such high-volume near impeccable tradess can only be carried out by real-time experts.
What a snooze fest of a boring life you got sir
Sleep paralysis, but its him saying 80% over and over.
Damn
Well for me i believe it's best to invest rather than just save and have your money lay around waiting to be spent. who else agrees with me??
I support the motion, i only became a millionaire by investing in Forex, then with the profits i made i also invested in real estate and cryptos in the early 20s.
Investing pays a lot more than just saving.
This is so true, it's never a good day without making profits, no matter how little it may be, the idea is making profits and accumulating it.
The question is now how can one make profits everyday consistently?
well for me the answer is to have a professional trading manager carryout trades on your behalf, i do invest under Mr. Pawel Olson trading platform which has been growing my capital daily, best part is i get to watch my deposit grow everyday, what more can i ask for, Are you also in need of that steady cash flow then contact Mr Pawel now!!!
send him am email via (profitwithpawel @ gmail..com)
I've seen a lot of positive reviews lately about this Pawel Olson, even a colleague at work said he made $8k in two weeks having this same Mr Pawel trading for him, what's his services like?
Amazing, really enjoyed it and so recognizable.
Just the right content for the right guy and the right time
Thank you.
I think if the rich only manage money like what he said. It’s too SIMPLE.
Sorry I am not really sure he is right after watching this. I think he is mainly talking about budgeting which sounds very simple and basic to me. The real thing is how ordinary people can earn enough money to just have 5% of it go to the account i.e. “cash for real estate”. If you earning 5000 per month euro in Holland, 5% of it for 2 years is just 6000 euro. Seriously 6000 euro cash for real estate.... sounds like you need to save forever to buy a house in the Netherlands. Guys correct me if I am wrong, if you earn from a paid job(s), simple budgeting doesn’t make you rich, it just prevents you spending...
This is why everyone needs to have their own business. Those steps he described are for entrepreneurs and not really for people who are working for a company. To get financial independence you need to run your own business.
Didn't even watch the video yet. Nevertheless: only putting money aside (like in a bank account or under your mattress) makes no sense.
Take 5 or 10 or even more % of your monthly budget (after covering fixcosts) and put that aside. Once you accumulated enough for it to carry you through 3-4 months without any earnings, start investing those 5-x%/month in a long-term oriented way. ETFs, stocks, real estate, gold and silver, or whatever... make sure that you diversify. Keep doing that for a decade or three and you should be fine. Compound interest/reinvesting will start to pay of big time after several years.
"The stock market is a mechanism for transferring wealth from the impatient to the patient" - Warren Buffet (not sure if the wording is correct... quoted it from memory)
@Diego Salgado Atala Thanks for the constructive advice!👍🏻
The problem here in the Netherlands is that the interest rate towards 0% nowadays. The actual rate I looked up today is 0.03% (ING bank). Another fact is that a normal working people cannot get 5000 euro after-tax-salary, i.e. Net salary for a fresh graduate with MSc is around 2200-2300 euro (MA is normally lower than that). 5000 euro net is more or less for a manager who has several years of experience, normally people at that position is around 35-40 years old or even older.
@@bit-studios1 I am quite agree with you 👏👏
@@uvsa2833 Thanks! That is a very in-depth financial advise 😊😁
I agree with your words and the quote - "to make money patiently".
#VcorpInvest has saved more lives than anyone here would know , start building your future from somewhere , it’s never too late
All these explain how to save and manage already money and not how to make money. I for one does most of these and I am by no means rich. So the real practical question is HOW DO I GET RICH?
Practical approach; Spend only on necessities, Try to invest what you can and spread them locally and internationally but of course be well informed about where you want to put your money. Made my first million this way earlier this year (got help though). Reduce things that get you sick (that way, you increase productivity and reduce spending on health).
@@malvinalemire9628 Amazing approach. the health part is apt... What do you mean by you got help? I could definitely use help right now as my finances are in a terrible state... I look forward to your reply...
@@bettystanley6397 Funny enough, I can honestly relate. By help, I mean I got the services of a pro "Leah Marie Sandock", she was in the news a lot in 2018. You can check her out online for more.
@@malvinalemire9628 wow I know this little lady. Once attended a fundraiser she was also in attendance in Vancouver,, Great speaker with a funny accent,, She's American though, I doubt she works with foreigners,,,
@@malvinalemire9628 Thank you...