The measures you take to attain success determine your level of success. Creating sound financial habits, such as setting aside money for reliable investments on a regular basis, is essential to building wealth. It's important to talk about financial management, but most people avoid it, which comes back to bother them later. I hope everyone who reads this has a prosperous life!

@mikey43221

Ай бұрын

To be wealthy at this point, everyone's first goal should be to invest in non-government alternative revenue streams. especially in light of the current worldwide economic crisis. Right now, stocks, gold, silver, and virtual currencies are still desirable assets.

@tmer831

Ай бұрын

Investing remains a major goal, but the easiest way to build wealth is to just get started early. Because I made an early investment this time and learned from my mistakes from the prior year, I was able to build a respectable life.

@DavidCovington-st2id

Ай бұрын

I thought about investing in the financial market, I heard that people make millions if you know the tricks of the trade, but I lack good knowledge and a strategy to outperform the market and generate good yields. I have $160,000 but it's hard to bite the bullet and do it.

@mikey43221

Ай бұрын

I think having an investment advisor is the way to go. I've been with one because I lack the expertise for the market. I made over $490K during the recent dip, highlighting that there's more to the market than we average folks know.

@DavidCovington-st2id

Ай бұрын

I'm pleased I found this conversation. If you're comfortable with it, could you share how I can get in touch with the advisor you rely on for your investments?

When I see someone driving an expensive vehicle, I think, “Wow, I bet they’re drowning in debt.”

@StevoGitz

2 ай бұрын

😂

@SoundsofNature862

Ай бұрын

I think the same thing when people say they owen a house.

@eps-topik6934

17 күн бұрын

😂😂😂😂

@selyne5115

8 күн бұрын

We are ideological related 😂

Ensuring the protection of your capital holds greater significance than solely focusing on making money. This is primarily because once your capital is lost, the process of generating profits becomes significantly more challenging. It is comparable to the notion of "missing the train" versus the irreversible consequence of "losing your money." While there are various opportunities available, once your funds are depleted, it becomes exceedingly difficult to recover.

@Lemariecooper

11 ай бұрын

Wall Street advocated for quality stocks that boasted high profitability and low debt, positioning them as a form of insurance against economic uncertainties. However, these quality stocks have underperformed the S&P500 index this year. As a result, my portfolio, valued at around $200k, has experienced a decline of approximately 20%. I am seeking recommendations on how to enhance my investment returns and scale up my portfolio.

@jessicasquire

11 ай бұрын

The reality is that nobody possesses absolute knowledge in the world of investing. Therefore, it is crucial to develop your own process, effectively manage risk, and remain committed to your plan, regardless of the circumstances. Additionally, it is essential to continuously learn from past mistakes and strive for improvement in order to navigate the investment landscape successfully.

@Lemariecooper

11 ай бұрын

@@patrickbrussels4454 Would you be willing to provide information about the advisor who aided you? As a 39-year-old, I am eager to expand my stock portfolio and devise a retirement plan.

@Lemariecooper

11 ай бұрын

@@patrickbrussels4454 Thank you, I copied and pasted her name on web browser and sent a email waiting for reply.

I admire you for the statement "Don't be impressed by false pretentions of wealth". Children are so desperate to look rich, they can go to any lengths, even unethical practices, which ruins them and the system in the long run.

Creating wealth entails establishing positive routines, such as consistently setting aside funds at regular intervals for sound investments. Financial management is a vital subject that many avoid, often leading to future regrets.

@spacecadet6

5 ай бұрын

Indeed, currently I'm managing my finances wisely and being frugal. In the last 19 months, my investments grew by 43%, adding over $150K in profits. However, I've had losses in the past month, making me anxious. I'm unsure whether to sell everything or wait.

@emmaarmando

5 ай бұрын

I always consult a financial advisor before investing. During the pandemic, I used their strategies to minimize risks and maximize profits, generating around $875k in three years with my advisor

@noah-greene

5 ай бұрын

@@emmaarmando I'm intrigued by the idea of investing with an analyst, it seems like a wise choice in today's market. Could you provide me with some guidance on how to get in touch ?

@emmaarmando

5 ай бұрын

CAMILLE ALICIA GARCIA can be found online; a straightforward search for her name will lead you to her online presence.

@LuccaWeber1

5 ай бұрын

Thanks a lot for this recommendation. I just looked her up, and I have sent her an email. I hope she gets back to me soon.

Great video. It's true that freedom is one of the most important things in building wealth. My husband and I have saved up money mainly in 401K and other minor investments for our retirement, which is now. We will spend a portion of it on securing a property in Japan but otherwise, we really have no intention of spending it bc the amounts of money we get fr several different pensions are enough. We've always lived below our means. It is the emotional/psychological security that we will have liquid money just in case. It is one of the factors that contribute to our happiness and contentment at this stage in life. Freedom.

this is the best financial book for today's life!! A game changer must book to read!!!

One of my favorite books. Great summary and video, as always!

The best review of this book I’ve seen so far!

Wow!!! That was 16 mins of pure value bomb. Thank you 🙏🏼 😊

Yes I definitely recommend this book and even better to listen to on audible. It puts perspective in you for sure

Beautiful Beautiful Beautiful! I read and finished the book personally but your summary really helped me understand it deeper. Having money to buy Freedom is also one of my favorites! ❤️

I've read over 30 books since the start of COVID and this one's easily my favorite. Great video!

One of my favorite books of all time, taught me so much

Good job, man! You’re videos are super well done!

One of the most insightful videos I've ever seen! Thank you!

Glad that I found your channel. I've been binge watching and listening to your videos and it has helped me clear my mind about my savings and future investement. My favorite principle that I got from you is to "keep it simple". I also love how simple and straight forward your videos are, no long introductions and no unnecessary informations added. Thanks sir Tae for the advices and looking forward to more learnings from you. Love from the Philippines ❤🇵🇭

This is the best summary I've come across! Great job

I read this book after it was recommended by my FA 3 years ago. This book was the single largest factor that changed my financial life and future. I HIGHLY recommend it.

My favorite book! 📖 😊 It’s unbelievable that this book has tons of golden nugget of quotes!

Thank you for the content. Much appreciated

I love listening to your video summaries of all these books. You earned my subscription.

Tae, bravo for going against the grain of most personal finance thinkers. Get rich slow mindset is not popular, but you are a necessary catalyst in getting the word out.

Great summary! You nailed every point with great examples

Top of the morning coach TK I listen to this auto book while at work it's a very good blueprint to know

Enjoying the content! Keep up the good work!

This is such amazing advice and invaluable content. Thank you so much.

Amazing advice as always!

Very inspiring ❤ Thank you for sharing

Thanks for your explanation. I like your idea 'slow&steady wins the race.' Thanks for making this KZread channel. : )

DEFINITELY One of the best books I've read!

so glad I watched this video! thank u!

Thanks lots from Trinidad and Tobago 🇹🇹.

Hey Tae, any plans for your 100k subs?! You're getting there fast! Cant wait for you to accomplish this!

AWESOME VIDEO! great information 👍🏾 thank you

My dad use to rant at me about how he resented spending so much money on my mom. Now that I’m facing some adult issues these things are in my subconscious. When I spend money I feel a lot of anxiety. Today I went to my chiropractor and discovered these memories and released/integrated them physically through the modality of Neuro Emotional Technique. Now I feel calm and ready to think clearly about purchasing. Psychology is huge and our bodies hold on to everything.

Great book. Greater summary.

Great information Thanks

Thank-you. I am reading this book now.

This has the vibes of watching a fantastic movie review after watching the blockbuster itself. Thank you Kim for bringing to life all the amazing and important lessons I’ve learnt in the book so beatifully succinctly 😇🤩

This was such a beautiful summary (:

Great video!

read twice, really awesome book, and super easy to understand unlike some very technical books

8:10 We can't all look like Tae, some of us have hair-lines that decided to be financially irresponsible and take an extended vacation at the age of 30😅. Thanks for another great video.

Wow, what a piece pretty cool stuff

great book, almost finished reading it

great video once again

Hey, Tae is nearing 100k subscribers!! Well worthy of it and I hope he does a special video for it 😁. Glad to know there's so many people that enjoy these as much as I do!

@excitedaboutlearning1639

9 ай бұрын

It's 117K now. Subscription compounding works quite a bit like compound interest. It took him a long while to get to 100K, but he's got at least 17K subscribers in two months which is 17% of what he had previously - gained in just two months.

Identify your enough: such good advice whether for saving, spending, or investing. Once you've defined your plan beforehand it minimizes the possibility to let others (friends, neighbors, your emotions, etc) drive your decisions.

@pedrowhite6684

11 ай бұрын

Soooooo TRUE! This one thing alone brings such joy and, at least from my perspective, brought so much satisfaction and happiness to daily life! Knowing when you have had enough (savings, time, work, investing, etc) is key to enjoying life in general.

Great video thank u

Great job 👏 👍 👌

1. No one is crazy 2. Take $ at the moment see how it fits into your plan …be careful before you judge - seek to listen and understand

Hey there! My name is Iryna and I'm from Ukraine. I find your videos extremely useful and enlightening! Unfortunately, it's quite diffucult to find such a content in Ukrainian so I would be so happy to collaborate with you and create Ukrainian subtitles! I'm really willing to share these ideas in my country for it to develop and people to be happier❤

Amazing

Brilliant.

Great book

Awesome 👍

first? ;) Love the videos thanks for everything you do

🧡Love🧡this🧡video🧡

Thank you very much...Could you please make a video summarizing 'The 7 habits of highly effective people'

Slowly making your way to a 100k subs, nearly there buddy 🐢.

Appreciate your insight, Tae. btw, Second to None! 2ID 💪

Good advice……😉

One of my favorite books. Wonderful video as always!

Recession is often the result of external factors, and it appears that the United States is losing its grip as a federal reserve currency. With a decreasing ability to control inflation and a reduction in stocks and oil trading, it seems that a new multilateral world order is on the horizon.

@edelineguillet2121

9 ай бұрын

@davedelva I personally worked with an investment advisor to diversify my $200k portfolio across multiple markets, resulting in over $980k in net profit from high dividend yielding stocks. With the right guidance, you can also make informed investment decisions and achieve your financial goals.

@valeriepierre9778

9 ай бұрын

@@edelineguillet2121 I just started a few months back, I'm going for long term, I'm still trying to wrap my head around it, who’s this advisor you work with?

@fresnaygermain8180

9 ай бұрын

@@edelineguillet2121 After locating her, I composed an email and arranged a phone conversation. I'm optimistic that she will reply, and my goal is to conclude 2023 on a financially successful note.

@MommaWinner

8 ай бұрын

We need less government ,ALOT LESS Government needs to let us get out of recession they caused not them get us out with more debt in the future

Interesting

no 1 page summary PDF for this video? Please do that if possible.

Totally agree! Amazing book and definitely the one worth reading. Thanks for your insights! I've recently shared my 3 life-changing personal finance books on my channel so I'd appreciate your opinion!

You speak an incredible amount of sense....you and Dr Jordan Peterson.

Could you do a video on backdoor Roth IRA/401k please?

Great book! I'd actually recommend this over Dave Ramsey's "The Total Money Makeover" and Robert Kiyosaki's "Rich Dad Poor Dad". Dave's book talks about living within your means and Robert talks about getting financially literate. "The Psychology of Money" goes over both and more.

@srourfamily

7 ай бұрын

becareful with cars lots of expenses

@07truth

2 ай бұрын

Bull, Dave Ramsey actually presents a real financial plan with substance. The Psychology of Money is more concerned with catchy Warren Buffet quotes.

@Quanic2000

2 ай бұрын

@07truth a plan for people to get out of debt which I don't have outside of my mortgage 🤷‍♂️

all good but there is a chapter in the book where the author contraddicts himself saying that a concentrated portfolio can bring much better returns than investing just in low cost index funds (and that is what he really does, building a concentrated portfolio). Any comments on that chapter? thanks

good

Would love a review (or critique) of Rich Dad Poor Dad.

@frankfuentes5659

3 ай бұрын

Terrible book. 😂

Nice hair!

Great work. I just wanted to let you know that you may be interested in discussing Elizabeth Paradiso Urassa's books. They are very good, mostly for university students and teachers working together. They may also help families and their loved ones to acquire vital skills that help them complete their studies successfully and timely. I appreciate what you are doing. Thank you very much for listening.

Buying a $100,000 truck when you make $60,000/year is crazy.

Read this book but I am a little underwelhemed by it. Most of the chapters seems already widely known if you follow personal finance universe.

Matthew 6 33 But seek first the kingdom of God and His righteousness, and all these things shall be added to you.

Despite the fact that stock prices fluctuate, what is the best method for capitalizing on the current market? I'm still undecided about investing $400k in my stock portfolio.

@AliceHh_

7 ай бұрын

Well the bigger the risk, the bigger the reward and such impeccable decisions are better guided by professionals

@eastwood224

7 ай бұрын

A lot of folks downplay the role of advisors until being burnt by their own emotions. I needed a good boost to help my business stay afloat, hence I researched for license advisors and came across someone of due diligence, helped a lot to grow my reserve notwithstanding inflation, from $275k to approx. $850k so far.

@Defisher

7 ай бұрын

How do I find this Lady?

@eastwood224

7 ай бұрын

I started out with an FA named Nicole Desiree Simon Her honest approach gives me complete ownership and control over my position, and her rates are incredibly affordable given my ROI.

@Defisher

7 ай бұрын

Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.

❤

👌🏼

Me on my 6 year old bicycle that was given for me for free: "How am I supposed to save on travel?"

🤘

I can't help thinking that cool cars house cool people. But then they get out and, well that's the end of that fantasy.

i was looking for 18 points in the comments. I think im getting lazier and/or more dumb day by day. yelppoo😢

You can be rich and look it too.

@LosingTeeth

Ай бұрын

you sound poor

I like these videos but oversimplify things... in one of the point you say... "building wealth is simply, spend less that you earn and save money", But thats not real. Inflation for example take most of your wealth if you dont invest it.

Investing anywhere other than bitcoin during these early adoption years is inefficient, educated investors acquire satoshis to get away from dollars, not gain more 😉 the future is going to be fun

I thought the book was going to present new research and discuss the actual psychology of consumer’s habits vs millionaires. Instead, it gave a bunch of passages from entrepreneurs/investors and rehashed info that anyone even remotely financially literate knows: Live a balanced life, invest in index funds. 🤷‍♂️

Bro, I appreciate your example about the mice, but that's way too over simplified to say the main reason the Germans lost in Stalingrad was because of mice. Back then , the Russians fought valiantly to hold the city the tanks were not the main reason for the Germans failure.

Look poor but actually wealthy, look rich but actually living on borrowed credit😅

This book was overrated. Honestly ya KZreadrs have made it better than what it really is

I like your videos,but your use of the word CRAZY is disappointing from an intellectual.

I will forever be indebted to you, you've changed my whole life, I'll continue to preach about your name for the world to hear. You've saved me from a huge financial debt with just little investment, thank you so much Mrs Doris Stipech

@SGTLorusso

11 ай бұрын

INVESTWITHSTIPECH💯

@LauraSiegel.43

11 ай бұрын

Greetings, I've seen positive reviews of this woman Doris Stipech for about the fourth time now, i think I'll have to give it a try

@peiman19

11 ай бұрын

Sounds like a scam to me

@mikelarson5333

11 ай бұрын

Doris can’t be that good if they have to try to hijack someone else’s positive work. Kiss this Doris.

@JF997

10 ай бұрын

It's a scam people.

Shut off phone.

If you have an 800+ credit score but make 100k/yr there's ZERO chance anyone would allow you to finance a lambo or a multimil property...I get the point, you shouldn't, but just a ridiculous statement

Hello. Oh dear. When you are giving “negative examples” use a balance to this. Show a woman who crashed and burned with money. Or rather show a person of a different ethnicity that had a ridiculous career with loads of money and then lost it. Why is mark looking so positive…..here and Mike is looking “crazy with money”. Be balanced.

talking very fast dude.

@LosingTeeth

Ай бұрын

u must be from Alabama

Real advice/info and not finance bro clickbait!