20 Lessons From Rich Dad Poor Dad That Changed My Life

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  • Опубліковано 25 чер 2024
  • These Lessons changed my life and let me leave my day job at 24. Rich dad poor dad was one of the first books that opened my eyes to the possibly of reaching financial independence and early retirement. the lessons i learned from rich dad poor dad changed my life and my families life and hopefully can change yours as well.
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КОМЕНТАРІ • 758

  • @GabeBult
    @GabeBult  Рік тому +33

    Check out 20 Lessons From Atomic Habits That Changed My Life
    ua-cam.com/video/w_vm5Fd50Nk/v-deo.html

  • @ivycao0122
    @ivycao0122 Рік тому +118

    1# Humans learn from making mistakes. We either succeed or we learn.
    2# Talk about money in family
    3# Play it safe is actually terrible advice
    4# Stop doing what you’re doing (Insanity is doing the same thing over and over and expecting different results)
    5# Use “desire” and “greed” to actually motivate you to make more money
    6# Give yourself a reputation
    7# Learn before investing
    8# We have choices every moment
    9# Pay yourself first, because that’s gonna motivate you
    10# Busy people are often the laziest
    11# Stop focusing on toilets
    12# Be generous
    13# We need to focus on assets instead of liabilities
    14# Most people will never win because they’re afraid of losing
    15# Surround yourself with people who are smarter than you
    16# More money will not solve your problems
    17# Invest in your brain
    18# Start minding your own business
    19# Take action and do something
    20# Action always beats inaction

  • @paulvanier429
    @paulvanier429 2 роки тому +718

    I am 57 I worked half of my adult life doing what I loved and being my own boss: what those videos don't tell you is the stress that very often comes with it. when you are young like this guy: stress is not really a factor; when you get older the uncertainty and the need to acheive something greater than what you have becomes exhausting. Now I have a "boring" governement job, I have a pension, a fairly good wage, sick days, good vacations, excellent health care and no stress.

    • @SummaGirl1347
      @SummaGirl1347 2 роки тому +121

      My thoughts exactly. Everyone should remember that these are the words of a very young, and very fortunate, man, with no health problems, no sick children, and lots of time left to fix any mistakes. I love his enthusiasm and his emphasis on personal responsibility but, being your own boss comes with major responsibility and major risk; and will not be an option for everyone.

    • @ladyg7796
      @ladyg7796 2 роки тому +65

      Personally, my father gave me the best advice, "Find a government job and stay there..." I retired at 57, still healthy and energetic, all kids out of the house (some successful, some not by their poor choices), along with my husband who also retired "young", we have no money worries -- we are not huge spenders, though we enjoy life. We have health and dental care provided, purchased through former employers for a reasonable fee. My dad retired at 55 and collected until he was 94. Yes, at times my job was mind-numbing -- I've had many at the same organization, but I reminded myself that I was a single mom with health care and dental insurance, able to afford my own modest garden apartment in a desirable part of the country. I saw my other friends and family members trying to get paid "doing what they love" who changed jobs so much that they will need to work until they drop dead.
      Granted, Gabe's advice is excellent for ambitious younger folks (I would love for my stepson to be like him), but for my generation when livable pensions were a possibility, and for me with little advanced education, this made more sense. My personal motto was always 'work while you're young or work while you're old' -- I deliberately chose the former.
      Having said all the above, I still enjoy this channel as much of it is very sound and useful advice.

    • @sct4040
      @sct4040 2 роки тому +19

      Fed jobs are the best, secure and great benefits. After struggling thru his 20s and 30s, my hubby finally got a job with a federal agency. His life became secure. Meanwhile, I worked for major medical centers that provided great benefits as well. We are fortunate. Both retired and financially secured.

    • @Angela-ne9cy
      @Angela-ne9cy 2 роки тому +58

      Thank you!!!! In my early 30s I quit my good, solid corporate job to work for myself full time. After a year, although I was very successful, I was also consumed by work and stress. No thank you. Went back to my corporate day job where I make good money, stop working at 5pm, let others worry about the bigger picture, enjoy good benefits, and sleep well every night. Drives me nuts how that's considered a "lesser than" path.

    • @tianolamas7832
      @tianolamas7832 2 роки тому +31

      My mother followed this guys advice while my father went the study, get a masters and good pay job road (don't ask me how they got married). Now that I am 24 and having tried both, I honestly simply prefer the corporate boring job over my own business. Yeah its boring, but I make roughly the same as when I had my own business if not more when adding in healthcare, retirement funds, and PTO's. For context my mom owns a hairsalon and probably brings in around 200k in revenue and works 7 days a week including holidays. My father is a chemical plant manager making around 150k only works monday to friday and has more money saved up than my mother, he is literally her retirement plan. Not to mention less stress and overall better health. being your own boss is nice, but I rather just be smart with my money and simply live a nice boring life.

  • @jukes243
    @jukes243 2 роки тому +434

    My dad always said "The more you have the more there is to worry about". So true.

    • @Jeremy-4037
      @Jeremy-4037 2 роки тому +16

      I agree, it can also be said, "you don't own things things own you ".

    • @stickolascage2936
      @stickolascage2936 2 роки тому +11

      You dad didn’t invent that Biggie Smalls Did. “Mo money mo problems”

    • @jumpmn
      @jumpmn 2 роки тому +4

      @@stickolascage2936 🤣😂🤣 Faxx

    • @marybrown7203
      @marybrown7203 2 роки тому +6

      My Dad always said, "A man's home is his hassle." So, he taught his 8 kids how to fix a toilet. HaHa

    • @Jane5720
      @Jane5720 2 роки тому +1

      Very true

  • @davidOmoL
    @davidOmoL Рік тому +89

    Best advice I ever got was, "Invest For The Long Haul, Don't Get Too Greedy And Don't Get Too Scared. The biggest risk of all is not taking one

    • @toralayous8500
      @toralayous8500 Рік тому

      Having monitored my port_folio performance which has made a jaw dropping $370k from two quarters alone, I've understood why experienced investors make enormous returns from the market

    • @kevinandrew8932
      @kevinandrew8932 Рік тому

      @@toralayous8500 Interesting, I have a lump sum doing absolutely nothing at all in my bank account, I wanna get something started with it. You seem to be doing excellent for yourself. Do you trade on your own?

    • @toralayous8500
      @toralayous8500 Рік тому

      I trade with Expert Denise Mitchell, A FINRA regulated broker. Met her sometime early last year at a startup funding event. She had some interesting things to say about the state of algorithmic trading today. Very obviously, it's reflecting on my portfolio

    • @toralayous8500
      @toralayous8500 Рік тому

      I earn over $10,650 weekly and often time more. It really does depend on your Capital and I only send her a commission of 20% after I have made my profit withdrawer. She doesn't demand for a service charge either.

    • @davidOmoL
      @davidOmoL Рік тому

      Wow this is so amazing, please how do I get in touch with Mrs Denise Mitchell, I would love to trade with her

  • @DanLeahfort
    @DanLeahfort Рік тому +254

    There are numerous misconceptions about investing in the market, which is why so many people fail to capitalize on it. However, given the current CPI figures, it is not advisable to have money sitting around with no or little profit. I have $60,000 to invest, but it's difficult for me to bite the bullet and do it. What happens if I lose everything?

    • @velayuthman
      @velayuthman Рік тому +2

      Right now is one of the best entry points the stock market has seen in the last 15 years. If you wished you could go back in time and invest in 2009, now would be that opportunity.

    • @RachelBrinkmeier
      @RachelBrinkmeier Рік тому +3

      Having your money invested when the market appears to be in free fall can be quite nerve-racking and frightening. But this is why it's critical to approach bear markets with a fresh perspective based on statistics. Consult a financial advisor. They provide a wide range of risk appetite, assist you in avoiding their mistakes, and provide a big picture of the area you've chosen to invest in.

    • @AveryFetherolf
      @AveryFetherolf Рік тому +1

      @@TeresaBrickle How can I count with Katherine, do you think she can help me, I live in Canada?

    • @TeresaBrickle
      @TeresaBrickle Рік тому +2

      @@AveryFetherolf Just look up her full name on the internet. She is well known, so it shouldn't be difficult to find her website.

    • @ThormanBoucher
      @ThormanBoucher Рік тому +4

      @@TeresaBrickle I used my web browser to look up KATHERINE DUFFY BURKE. She appears to be skilled at developing and expanding portfolios. She manages over 1,644 portfolios. No disclosure.

  • @ivanaandric5703
    @ivanaandric5703 2 роки тому +54

    4:20 "Invest in learning about investing before you actually invest". Let me stop right there, that's the BEST advice you gave to ppl, like ever!

    • @site_is_down
      @site_is_down 2 роки тому

      The best thing to do before starting your investing journey is to invest in yourself and emotion first as you will need them along any hardships and struggles you will have to encounter.

  • @yolandapagan5656
    @yolandapagan5656 2 роки тому +120

    I read Jane Austen novels as a young girl and loved how the rich lived:. They had annual sum that came in from rents, and investments and they had time to travel, do hobbies, exercise and socialize. They also had employees (experts) who handled their day-to-day business affairs. I thought wow that's how I'd like to live. I intended to live that way and studied business, everything I could find on how to retire early and habits that would help me accumulate wealth. That intention bore fruition and I retired in my 30's. Everything you talk about is spot on. I think your review and your spin on it with your experiences is way better than reading the book. 💪🏼💪🏼💪🏼

    • @TheSUPERHAPPY1
      @TheSUPERHAPPY1 2 роки тому +4

      What Jane Austen book would you suggest a person read first? (I've never read a Jane Austen book)

    • @vickia6200
      @vickia6200 2 роки тому +4

      Are you in US? How did you do during government imposed
      rent motatorium? Did you have a city that imposed rules that required you to rent to current or past felons? Did you have riots in your city in which the police were told to stand down? I had a lovely rental condo unit i owned in a very desirable established neighborhood that i sold because of all of the above. I depended on it for income and thought one day i would downsize and move there. I sold it last year🙁

    • @livelaughlove4635
      @livelaughlove4635 2 роки тому

      @@vickia6200 That’s really sad what the government did. Government over reach. I thought one day I would rent out my home but the last 2 years has made rethink this.

    • @SHines-qk9qj
      @SHines-qk9qj 2 роки тому +6

      @@TheSUPERHAPPY1 Most people read Pride and Prejudice first. Welcome to the world of Jane Austen! Part of my passive income is writing sequels to Austen's novels. Active income is editing and formatting books for others.

  • @kerryblaine6074
    @kerryblaine6074 2 роки тому +39

    His books helped me retire at 50. My son is also using it to get ahead and learn about money. Great simple book!!

    • @dummyyy9092
      @dummyyy9092 2 роки тому +1

      i retired at 21 . thanks to rich dad poor dad and millionare fastlane

    • @site_is_down
      @site_is_down 2 роки тому +1

      I absolutely agree! It's best we teach the young bloods important information about financial management and educate them about budgeting and investing as they will soon have to do things on their own.

    • @schoolofdank5736
      @schoolofdank5736 Рік тому

      @@dummyyy9092 Bro can you teach me how I’m so tired of my job how did you you do it?

    • @Aphorism89
      @Aphorism89 Рік тому +1

      @@dummyyy9092 nah, you did not.

  • @mignoncobra
    @mignoncobra 2 роки тому +19

    Amazing tips Gabe! Rich dad poor dad also changed my life as well! I became a minimalist so I could use my money to work for me instead of the other way around!

  • @kathleengeorgiaelizabeth
    @kathleengeorgiaelizabeth Рік тому +3

    Gabe thank you !!! I hope your channel grows and you get that car this month! Everything you say is spot on - "Financial Rehab" is something this country needs and it all starts with a vision.

  • @valeried2941
    @valeried2941 2 роки тому +3

    I think my failures make and made me who I am....we ALWAYS talked about money at home. My family was upper middle class and fell on hard times. My parents were depression era babies! It is freeing to talk about money. It makes for healthy relationships!! Excellent tips. Thank you.

  • @geraldbenzinger9703
    @geraldbenzinger9703 Рік тому +142

    I think it is important to spread funds in channels that are poised to do well in recession. I’m currently finishing my 6th duplex and retired from the rat race at 35 and what funded all these were strategic investing in stocks and consistent trading crypto. I’m exceptionally well positioned for what’s to come because my portfolio is solid enough to withstand and outperform irrespective of the market trends.

    • @joerobert1801
      @joerobert1801 Рік тому +5

      Way to go buddy! The only people who are going to make great impact in their investment portfolio are those who see the 2022 recession as the biggest opportunity to get rich.

    • @rohitmajumdar1579
      @rohitmajumdar1579 Рік тому +3

      @@joerobert1801 Totally, smart investors made millions from the 2020 recession and such success rate could be achieved in this present market with the right approach.

    • @geraldbenzinger9703
      @geraldbenzinger9703 Рік тому +6

      @@kelvinjohnson3906 plot your course bud, I am personally invested 80% in stocks, 20% in crypto and of course with the guidance of my investment coach Frost Hilda, this yields an annual return of $400k. Frost focus on leading stocks in top industry groups, and aim for stocks with strong institutional support. He plots good entry point and has greatly enhanced my earnings and portfolio performance over the years.

    • @noelstout3056
      @noelstout3056 Рік тому +2

      @@geraldbenzinger9703 this is remarkable! I’m only Investing in stocks with recent quarterly and annual earnings growth of at least 25%, nothing less.

    • @rohitmajumdar1579
      @rohitmajumdar1579 Рік тому +2

      I guess the market doesn’t look bad, Its me who just don’t see the opportunity it’s providing right now.

  • @marymilroy645
    @marymilroy645 2 роки тому +7

    This book changed my life about 14 years ago! Life is good :)

  • @dumspirospernwdss2036
    @dumspirospernwdss2036 2 роки тому +28

    How about studying ethics first, money after? You see, it's in the order, it does matter. Day after day we become more and more egocentric, greedy, lost creatures. So no, do not only "study" money and please don't underestimate the value education brings you.

    • @chimaerejade5090
      @chimaerejade5090 2 роки тому +2

      That's something important I was thinking a lot about when I started investing.
      I come from a background with an burnout a few years after my job education finished (and some things of the past). For me, it got important to have set goals and the psychological strain brcame the best motivation I can think of.
      Right now I'm still thinking about things like minimalism, the importance of social interactions, taoism or buddhism and still getting closer to my goals from month to month. For me, the middle path works great. :)

    • @site_is_down
      @site_is_down 2 роки тому +2

      Absolutely right! It will all boil down on how we perceive things and our attitude toward everything in life. A good mindset and attitude will help us attain financial freedom without compromising our values.

  • @ImaginaryShadows1
    @ImaginaryShadows1 Рік тому +2

    What a fantastic video. You inspire me to get away from my certain friends that don’t learn from their mistakes or get out of their comfort zone.

  • @speakwithmeasure3714
    @speakwithmeasure3714 2 роки тому +20

    Two of my favorite parts: people are afraid to lose.
    And build your reputation.
    I say you gotta know how to lose to win and affirm yourself instead of what others say about you.

    • @GabeBult
      @GabeBult  2 роки тому +1

      🔥🔥🔥💯💯

  • @cindihunter9119
    @cindihunter9119 2 роки тому

    Key word here is, FREEDOM! Many just don't understand that seeing the "whole picture", is crucial!

  • @carolinelewis952
    @carolinelewis952 Рік тому +1

    No longer kids are told mistakes are bad. We teach growth mind set in my school, thankfully.

  • @amyhughes5830
    @amyhughes5830 2 роки тому +2

    thank you for this video, it was very helpful and I can't wait to share it with my son who I feel could use this advise also. Thanks again

  •  2 роки тому +115

    Classic book for anyone who wants to improve their life quality. Always good to revisit its concepts. Thanks, Gabe!

    • @GabeBult
      @GabeBult  2 роки тому +7

      Life changing book for sure

    • @galaxyrider9599
      @galaxyrider9599 2 роки тому +5

      Life changing book is the Bible. "Do not accumulate treasure on Earth where mole and rust destroy and thieves steal. Accumulate treasure in Heaven when neither mole nor rust destroy and no thieves steal. For where your treasure is, there your heart will be also."

    •  2 роки тому +10

      @@galaxyrider9599 Yes, the bible too! It doesn't mean Rich Dad Poor Dad is cursed. You can actually read both and still go to heaven

  • @breec3346
    @breec3346 Рік тому

    Yes the video I never knew I needed until I saw it in my feed!! Thank you for these tips!! So helpful!!

  • @victoriabroyles6467
    @victoriabroyles6467 Рік тому +2

    Trying + Failing = Learning "Failure is a temporary result or set back. Each failure should teach you a new way to approach your objective." Charles Platkin

  • @BiesingerFIREJourney
    @BiesingerFIREJourney 2 роки тому +7

    Great video! It’s not about how much money you make, but how much money you keep, how hard it works for you!

  • @cheekymonkeygirl3378
    @cheekymonkeygirl3378 2 роки тому

    I learned so much from your videos. You changed my perspective significantly. A sincere thank you. ☺️❤️

  • @castanedagus
    @castanedagus 2 роки тому +2

    Best video you’ve done! Loved all the content. And how you recommended to give. Because it’s more blessed to give than to receive!! Best advice ever
    Thank you

  • @berlinefernandez
    @berlinefernandez 2 роки тому +10

    Awesome. I need this book . Heard this book a lot but never invested in them.
    👏🤩
    You're giving more and more SMART videos every week

    • @GabeBult
      @GabeBult  2 роки тому

      Definitely worth it!

  • @nehasolanki7830
    @nehasolanki7830 Рік тому +1

    Hi Gabe
    I am going to show your videos to my daughter when she is 18. Right now she is 12. I have learnt minimalism from you and I follow your policies.

  • @kazcabrera7621
    @kazcabrera7621 2 роки тому

    I always look forward to your videos. They are inspirational and they motivate me. Love them!

  • @annetee6567
    @annetee6567 2 роки тому +1

    Really awesome! so many tips already blew my mind while hearing..I´m gonna get that book to dig deeper. Thanks!!

  • @silm7902
    @silm7902 2 роки тому

    Love that book! One of the best books I’ve read. Thank you for the reminder.

  • @buswella
    @buswella 2 роки тому +1

    Thanks for making this video. I’m watching it again!!

  • @footstepsofanmk2739
    @footstepsofanmk2739 2 роки тому +4

    Hey Gabe, this video is so well done! I also make UA-cam videos when I can and your cousin's Emma and Lilly brought it up while we were talking. Although I'm not searching for immediate ways to build a better life and career, due to my age but it's still super important for everybody to understand money properly and how to manage it. I wish you the best brother, I'm hyped about where your channel is going!

  • @yahoo1077
    @yahoo1077 2 роки тому +20

    "After all, you are what you eat" haha love that in the context of consuming media. Great video, good job Gabe!
    I love the unique angles and the content, if you can add more personal examples and explain how you implemented things and how it works for you that would be awesome.

  • @highqualitylady2373
    @highqualitylady2373 2 роки тому +2

    We do have a choice every moment, to step into leading yourself to create your reality instead of feeling helpless.

  • @vickia6200
    @vickia6200 2 роки тому

    Excellent. Wish i had read Robert's book years ago! I want to pass your video on to my grandchildren.

  • @elephantxkisses
    @elephantxkisses 2 роки тому

    This was beautiful. Thank you for sharing content to help us grow & develop. Legend 😉

  • @simsimahmadi9133
    @simsimahmadi9133 2 роки тому +1

    Well said and well presented. Thx!!!!

  • @NoneYa-pg6dk
    @NoneYa-pg6dk 2 роки тому +15

    Wow you remind me of the old me. Chasing money and relying on wealth for security. Those days were sad. Now, I just accept what is as it is. Work (not force) on myself with discipline and compassion. Live below my means. Manage money wisely. And guess what? Life has never been better. Anyways, I still wish you all the wealth you desire.

    • @galaxyrider9599
      @galaxyrider9599 2 роки тому +2

      Exactly. No money can guarantee your future. And life is shot. There are better things to do in life than getting money. Two quotes from the Bible:
      "And He told them a parable, saying, “The land of a rich man was very productive. And he began reasoning to himself, saying, ‘What shall I do, since I have no place to store my crops?’ Then he said, ‘This is what I will do: I will tear down my barns and build larger ones, and there I will store all my grain and my goods. And I will say to my soul, “Soul, you have many goods laid up for many years to come; take your ease, eat, drink and be merry.”’ But God said to him, ‘You fool! This very night your soul will be taken of you!'"
      "Do not accumulate treasure on Earth where moth and rust destroy anf thieves steal. Accumulate treasure in Heaven when no moth and rust destroy and no thieves steal. For where your treasure is, your heart will be also."

    • @Aphorism89
      @Aphorism89 Рік тому

      @@galaxyrider9599 Sorry but no.
      Money is just a word. What it means is what most people fail to see, money means freedom in our world.
      The bibble is not real, it´s just a fantasy book. Freedom is very much real. THe more money you have, the safer your future is. (All that having a brain, of course)

  • @williamt.icawat7098
    @williamt.icawat7098 2 роки тому

    Thank you for your wisdom

  • @thesensitivesoulseeker
    @thesensitivesoulseeker 2 роки тому

    thanks for the video, loved it and it helped a lot! And congrats for what you're doing :)

  • @claremiller9979
    @claremiller9979 Рік тому

    Ngl I'm here so I don't have to re read Rich Dad Poor Dad, and you nailed it. Thanks for the reminders of things I had forgotten, and for the affirmation of the things I've been doing right even as things have been getting tighter.

  • @geoallred1698
    @geoallred1698 2 роки тому +1

    Another great video! Thanks! Some great advice!

  • @samcrooks2588
    @samcrooks2588 Рік тому

    Wow! So much sense thank you for this.

  • @christianatl8835
    @christianatl8835 Рік тому

    Great video thanks man. I’ll definitely be putting these steps into my day-to-day life.

  • @judyanndeverlasantos9303
    @judyanndeverlasantos9303 2 роки тому +1

    Thanks for sharing Gabe♥️

  • @tinaf600
    @tinaf600 2 роки тому

    Thank you so much for this and I am now subscribe to your channel. May God grow it and bless it ✝️

  • @GabeBult
    @GabeBult  2 роки тому +23

    What financial books changed your life?

    • @altenberg-greifenstein
      @altenberg-greifenstein 2 роки тому +5

      Bodo Schaefer, The Road to Financial Freedom

    • @thomasrpoulsen
      @thomasrpoulsen 2 роки тому +4

      😁👍

    • @jeremymar
      @jeremymar 2 роки тому +5

      Just subscribed! I want a Tesla too and have a plan like you. The book that changed my life is Money Master the Game by Tony Robbins!

    • @1410chinmay
      @1410chinmay 2 роки тому +5

      Psychology of Money

    • @afriek4379
      @afriek4379 2 роки тому +8

      - Rich Dad, Poor Dad
      - The Richest Man in Babylon
      - Think and Grow Rich
      - The 4-Hour Workweek

  • @pomegranateandivy9833
    @pomegranateandivy9833 2 роки тому +1

    Thank you for this! I revisited your content after being gone for a while (a little over a year). And I find your new filming style very interesting! I know that most people like it and watch those videos more (I've seen videos about it), but for me personally as being on the autism spectrum it's very overwhelming to watch! 😂 So I'll just listen to it. 👍

  • @mohammedrimas384
    @mohammedrimas384 Рік тому

    thank you so much for your effort on making this making video

  • @uriel-heavensguardian8949
    @uriel-heavensguardian8949 Рік тому +1

    Thanks for the video! Thanks for the inspiration!

  • @cathyjackson8021
    @cathyjackson8021 2 роки тому +3

    Great video! Definitely gave me motivation on this Monday morning!

  • @ecommbulldog
    @ecommbulldog Рік тому

    Way to build,, Love the video and saw similar concepts !!!!!!!! Way to keep going

  • @JaySeidle
    @JaySeidle 10 місяців тому

    OK GABE! The money b-roll scene using the towel - FREAKIN AWESOME!

  • @oohily
    @oohily 2 роки тому +3

    Love the cinematography in this 😍. Kept me intrigued the whole time.

    • @GabeBult
      @GabeBult  2 роки тому

      🙏 thanks! It's fun shooting this kind of video

  • @srl0003
    @srl0003 2 роки тому +52

    Agree with all of this 100% and have been a huge saver. But I’ve had people in family recently pass away and it made me realize life is way too short. I’ve changed my mindset a bit and splurge more. What’s the point if you die with millions in bank/investments. Enjoy the vids!

    • @GabeBult
      @GabeBult  2 роки тому +12

      Definitely agree there's a balance in there

    • @altenberg-greifenstein
      @altenberg-greifenstein 2 роки тому +5

      I always enjoyed the idea of building a family fortune which is then passed on and built on generation after generation, a family sticking together and helping each other grow. I also enjoy the idea of people living like they have no money and after they die, people find out they saved up millions. I admire such people.

    • @srl0003
      @srl0003 2 роки тому +9

      @@altenberg-greifenstein Totally makes sense, but just not for me. I think wealth should be earned and not handed to someone.

    • @ladyg7796
      @ladyg7796 2 роки тому +6

      @@altenberg-greifenstein I agree with Steve. My husband and I have considerable assets. I have a soon to be 40-something stepson that chooses to sit in his basement playing video games at his mom's home. I do not tell my husband what to do with his share of our wealth, but I believe inheritance should be merit-based, and I already have several favored charities to which I plan to be giving my share of our assets, in addition to bequeathing assets to any hard-working grandkids.

    • @numbernine3436
      @numbernine3436 Рік тому +7

      I am in my mid 50s. 8 months ago I began dating a man I've known since middle school. He's done very well for himself financially. Sold a small business for a couple of million, invested it. Now lives off interest. The problem, he's cheap as hell. We're slightly over 55. Our children are grown. He paid for private school & college for his children yet he believes he shouldn't spend money so his children can have it. One child has borrowed a couple hundred thousand to start a business. She makes no attempt to pay it back even though that was the arrangement. I've never seen his children visit their dad nor invite him over for holidays etc. I feel like we've worked ( i still work) We're healthy. Why aren't we enjoying our lives? Why can't we travel? His home is pd for. He has talked about buying another but I say why?? It's a great house, with upgrades of things we've always wanted it could be a dream home. Going anywhere with him has gotten boring. I love to try new restaurants. He likes spending money at cheap chain restaurants. Imo it is sad. Life is short. Have fun. Enjoy new experiences while you can.

  • @yougottohavemoney4467
    @yougottohavemoney4467 2 роки тому +2

    I work to learn new skills and to make connections.

  • @MeltingRubberZ28
    @MeltingRubberZ28 Рік тому

    Certainly an inspirational video. I'm on the fence on buying another rental since the prices are ungodly high right now (been searching for a couple of years now while saving and nothing has knocked my socks off yet) but I think this has helped push me over the hump to keep pushing.

  • @jennesont4791
    @jennesont4791 2 роки тому

    This is a great list!

  • @janfastert7489
    @janfastert7489 Рік тому

    Once again thank you for the great advice. Can you suggest what to listen to for financial information. I appreciate you taking the time to make this video.

  • @nerd_alert927
    @nerd_alert927 2 роки тому +2

    Work smarter, not harder. As an Accountant, I'm a huge advocate of making passive income.

  • @jaddek.astrie3071
    @jaddek.astrie3071 9 місяців тому

    I have a portafolio snd im also more careful with my spending. It’s so important to really learn about money management it’s a great tool and yes we can achieve financial freedom ❤

  • @rillawhat8142
    @rillawhat8142 2 роки тому +3

    " people they say that they're not interested in money are lying " 👍🏾
    I'm surrounded by a ton of these liars, that go to work everyday to earn 💰

    • @warriormanmaxx8991
      @warriormanmaxx8991 2 роки тому

      @Rillawhat - If those people you are surrounded with are not interested in money, perhaps are more interested in other pursuits. Thus are NOT lying!!

    • @rillawhat8142
      @rillawhat8142 2 роки тому

      @@warriormanmaxx8991 if those other pursuits do not involve going to work everyday, I might agree

  • @brandondebose1346
    @brandondebose1346 Рік тому

    LOVE HOW YOU JUST JUMP RIGHT INTO THE VIDEO

  • @intokozo444
    @intokozo444 Рік тому

    Thank you very much 🙏🙏

  • @effectiveresults7963
    @effectiveresults7963 Рік тому

    Trauma stems from a lot of forced humiliation or intimidation. So dominating the people skills for success makes a huge difference.

  • @rochella
    @rochella 2 роки тому +3

    I have this book and it changed me a lot with my financial investments..

  • @AngeliqueMdePaz
    @AngeliqueMdePaz Рік тому

    Love the 🥕-picture to motivate me! Thanks a lot for your videos! 😃💫

  • @jonathanbrutt
    @jonathanbrutt Рік тому

    Your cinematography is amazing. It makes easy listening and watching.

  • @derrickricketts7843
    @derrickricketts7843 2 роки тому

    Great video bro these are great facts

  • @mohammadhafizidahlan5514
    @mohammadhafizidahlan5514 Рік тому

    thank you so much for your good sharing...loves from malaysia

  • @hendriksprikdesign
    @hendriksprikdesign Рік тому

    Effort = outcome. Go get it folks! 💪🏻😎

  • @bunhosa703
    @bunhosa703 2 роки тому +27

    I heard Gabe talk about the influences of this book on his life and I am glad that he did a quick summary! I am still wait-listed for this book at the library, but excited to read it when it is my turn!

    • @GabeBult
      @GabeBult  2 роки тому +3

      Definitely worth the read!

    • @cherylsutton6156
      @cherylsutton6156 2 роки тому +4

      I Listened to the Audio on UA-cam ..for FREE, you could do that until the book arrives .....

    • @deilugo4813
      @deilugo4813 2 роки тому +1

      @@cherylsutton6156 really???? Best news I've heard all day.

  • @michellel75
    @michellel75 2 роки тому +2

    Can you please create another video about Rich Dad Poor Dad? Specifically how you learned to read financial statements and learned about Real Estate?

  • @johncabrera3126
    @johncabrera3126 2 роки тому +1

    Great tips!! Thanks Gabe 👍🏽👍🏽

  • @2ECONDx
    @2ECONDx 2 місяці тому

    Congrats on getting your Tesla! (Assuming you got it at 500k subs) great accomplishment!

  • @Nurse4Life255
    @Nurse4Life255 Рік тому +1

    Great video! Thank you. I subbed

  • @jimdoyle8224
    @jimdoyle8224 Рік тому

    thanks m8 nice little motivator.

  • @RashawMusic
    @RashawMusic 2 роки тому

    Great video very insightful

  • @erichschmidtke248
    @erichschmidtke248 Рік тому

    Really impressive pistol squats! Those take a ton of mobility and strength. Great job, keep it up!

  • @alexanders.filgueiras1675
    @alexanders.filgueiras1675 Рік тому

    Amazing video as always! Keep up the good work!

  • @quizofamily7328
    @quizofamily7328 2 роки тому

    Great advice 👍 👌

  • @liveinthemoment4307
    @liveinthemoment4307 2 роки тому +10

    My son is listening and says you have good points, he’s sick of Mcds.

  • @talentekhuzwayo2705
    @talentekhuzwayo2705 9 місяців тому +3

    The “how can i afford it” tip was the one tip that literally made me the way I am today… it literally lights a fire in ur soul to always be innovative instead of negative

  • @Corrabeauty
    @Corrabeauty Рік тому +30

    Love the breakdown. Work on your incomes, don't increase your expenses. With what I’ve learned over a decade investing, given enough time, solid investments have the potential to double the initial principal amount, but many investors are instead attracted to the lure of high yields in short periods of time despite the possibility of unattractive losses before even getting out. So the onus is on newbies to beware.

    • @Corrabeauty
      @Corrabeauty Рік тому

      @David Bucker As long as you diversify your portfolio, any single stock that you own shouldn’t have too much of an impact on your overall return. If it does, buying individual stocks might not be the right choice for you, as you can also try out the Roth IRA or I series bonds. Even index funds will fluctuate, so you can’t get rid of all of your risk, try how you might. With help, these are achievable. LEVI CLEMANS, a pro Fiduciary oversees my portfolio. You can look him up online, and connect him.

    • @edwarddick9673
      @edwarddick9673 Рік тому

      With Clemans' oversight, I’ve been able to select well run companies with strong finances and a history of shareholder friendly management practices that have made me good gains in the past months.

    • @Denniss20
      @Denniss20 Рік тому

      @Ted Bolder Right? I think I’ll have a look at that and maybe add it to my portfolio. But is it possible to beat the market?

    • @jefferiesuenukuterangihoka3749
      @jefferiesuenukuterangihoka3749 Рік тому

      I tell people to enjoy a comfortable financial future, investing is absolutely essential. It’s not even to be debated lol. As the coronavirus pandemic demonstrated, a seemingly stable economy can be quickly turned on its head, leaving those who weren’t prepared for tough times scrambling for income.

    • @Lfgyf
      @Lfgyf Рік тому

      Working with Levi is a great advantage for me to stay on top of an information saturated market. It gives me confidence and comfort that I haven't missed something important for my investment. Thanks! Sure, I could probably try to trade myself, but my time is a valuable commodity and Clemans hits the mark for me. Highly recommend!

  • @poppininwiththepulvers4423
    @poppininwiththepulvers4423 2 роки тому

    What kind of camera and editing software are you using? I love your content and visuals!

  • @meen5512
    @meen5512 2 роки тому

    Hi Gabe. Can you also share what are your top books to read. Thank you. 😊

  • @HenkBartl
    @HenkBartl 2 роки тому +1

    I loved this video! one of the better ones!

  • @lanemaund5097
    @lanemaund5097 2 роки тому +1

    Your an amazing young man 👍🇬🇧

  • @marwaalsayed4816
    @marwaalsayed4816 2 роки тому +1

    I been waiting for your video

    • @GabeBult
      @GabeBult  2 роки тому +1

      Well here it is! Enjoy

  • @rineilperez1633
    @rineilperez1633 2 роки тому +28

    Probably one of the most recommended personal finance books. I read this after a suggestion from a friend and it changed my life. Made me realize I’m not alone in wanting to build wealth. It seems to be more taboo in lower income households… so thanks for sharing!

    • @gutsguiltgreed639
      @gutsguiltgreed639 2 роки тому +4

      that last line rang so true. There are such complex feelings around moving up in social class when you grew up poor; I'm buying a house at the moment and it feels like I'm almost becoming one of the bad guys when my friends and family all still rent (I'm buying to live in it, not be a landlord, but still)
      Wanting to move up the class ladder definitely feels taboo and weirdly guilt-inducing. Wild!

    • @rineilperez1633
      @rineilperez1633 2 роки тому +2

      @@gutsguiltgreed639 you shouldn't feel bad, we all have different hands we are played and all we can do is play it the best we can. If anything, you will be a great example to your friends and family. :)

    • @highqualitylady2373
      @highqualitylady2373 2 роки тому +5

      Your comment is insightful. Many dislike the wealthy because they are stigmatized. I find a lot of rich people are generous and not greedy.

    • @rineilperez1633
      @rineilperez1633 2 роки тому +1

      @@highqualitylady2373 agreed. I also noticed that in my own experiences with wealthy people. Makes sense tho bc if you are self made, most likely you had to provide some value to others and I feel that being generous and kind are pre requisites.

  • @BornOfAsh
    @BornOfAsh 2 роки тому +2

    cool video. Well Done. I've listened to the audiobook and watched many breakdown videos pertaining to RDPD, but I'm looking for something that actually tells me "HOW" to write the debt (liabilities) off and make money from the liabilities, and how to apply the principles of using the debt to an advantage. I get that we are supposed to use the debt and liabilities to make money but is there any breakdown links or anything you know of that shows the "how" vs the "what,why" ? Thanks

  • @emzywillrich7243
    @emzywillrich7243 2 роки тому +1

    Great marketing Gabe! You are a handsome guy with a beautiful upper middle class background for your viewers to see. I learned that image is the key when I was a marketing major in college. I have used it myself successfully. This adds credibility to your message. People want to see that you practice what you preach, so to speak.

  • @electraeric7046
    @electraeric7046 2 роки тому +1

    this is a great video!

  • @TheSecondWitness
    @TheSecondWitness Рік тому

    Excellent video!

  • @spiritualjay3141
    @spiritualjay3141 Рік тому

    Live minimal to live happy 👍

  • @toryevanss4512
    @toryevanss4512 2 роки тому

    This dude's Nancy Drew collection 💕💕💕

  • @donjuanperez-alvarado9181
    @donjuanperez-alvarado9181 2 роки тому

    “We can judge peoples painting”👍🏾

  • @abid0088
    @abid0088 Рік тому

    Nice information thanks thumbs up 👍 and subscribed 👍

  • @user-sw4nw4pp4g
    @user-sw4nw4pp4g 4 місяці тому

    ❤great video😊