The most powerful way to think about money | Paula Pant

Financial expert Paula Pant explains how you can afford anything, but not everything.
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It's oh-so-easy to look at shiny, quickly rewarding options for your money as a ticket to financial independence. A big hit on the stock market; a hockey sticking cryptocurrency; an app that can put you on the path to easy street. But truly building financial independence is a life-long process, says Paula Pant, the host of the Afford Anything podcast.
Think of your finances like a tree. While the leaves and fruit are grabby and exciting, they aren't where the tree's strength lies: that's in the roots. So too do healthy finances begin from a core base: figuring out what you value most, what you truly want to afford.
From there, you can make the long term plans to see that come to fruition. With a stable, value-driven approach and some discipline, a world of freedom can open before you. You may not be able to buy everything, but you can buy anything.
0:00 Afford anything (not everything)
1:03 First principles thinking
2:30 Financial independence
3:35 Simple steps to independence
4:31 The 20% rule
5:18 Survive a scary economy
Read the video transcript ► bigthink.com/videos/how-to-af...
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About Paula Pant:
Paula Pant is the host of the Afford Anything podcast, an award-winning show with more than 24 million downloads. It was named by the New York Times as one of “7 Podcasts Your Wallet Will Love.”
She is also the founder of Afford Anything, a personal finance brand with more than 75,000 newsletter subscribers.
She is a Knight-Bagehot Business and Economics Journalism Fellow at Columbia University.
Pant is frequently featured in financial media including Money Magazine, the Washington Post, Oprah.com, CNBC, Fortune, Marie Claire, Marketplace Money, Men’s Health, Real Simple, Outside Magazine, Cosmopolitan, the New York Times, and more. She’s spoken at the “Talks at Google” series and guest lectured at Georgetown University. She lives in New York City.
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Пікірлер: 1 300

  • @chiquita683
    @chiquita683 Жыл бұрын

    The #1 money mistake most people make is not making enough money. Thank you for attending my TedTalk

  • @xue8888

    @xue8888

    Жыл бұрын

    Yes, it's about creating more value for society - not just "saving" for saving sake.

  • @amschelco.1434

    @amschelco.1434

    Жыл бұрын

    Hahahah 👍

  • @patrickbrown7398

    @patrickbrown7398

    Жыл бұрын

    Mo money mo problems

  • @groob33

    @groob33

    Жыл бұрын

    Aaaaahhhh.... That's where I screwed up.

  • @kimberlyhanley5905

    @kimberlyhanley5905

    Жыл бұрын

    Many people work multiple jobs and still don't make enough money to get by.

  • @chriswalter92
    @chriswalter9211 күн бұрын

    Nobody can become financially successful overnight. They put in background work but we tend to see the finished part. Fear is a dangerous component, hindering us from taking the bold steps we need in other to reach our goals.

  • @tahirisaid2693

    @tahirisaid2693

    11 күн бұрын

    I think it's not always about fear, Sometimes realistic factors discourage people from reaching their goals in life. For instance, I've tried investing in the stock market several times but always got discouraged by fluctuations of stock value

  • @georgestone0123

    @georgestone0123

    11 күн бұрын

    This is the problem! Most times people with little or no knowledge of the stock market try investing by themselves. It once happened to me, then I learned my lesson and seek an FA

  • @tahirisaid2693

    @tahirisaid2693

    11 күн бұрын

    Oh, that sounds good. So, who is this person and how do I reach out?

  • @georgestone0123

    @georgestone0123

    11 күн бұрын

    “Angela Lynn Schilling” is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

  • @tahirisaid2693

    @tahirisaid2693

    11 күн бұрын

    I looked up her full name online and found her page. I emailed and made an appointment to talk with her; hopefully, she gets back to me.

  • @abrahamibizugbe477
    @abrahamibizugbe477 Жыл бұрын

    1. Grow the gap (the difference between what you earn and what you spend) 2. Invest the gap. 3. Repeat step 1 and 2. Well taught priceless steps to financial freedom 👏

  • @tejasgunjal6947

    @tejasgunjal6947

    Жыл бұрын

    Thank you bro

  • @d3j4v00

    @d3j4v00

    Жыл бұрын

    My gap goes the other way.

  • @AnnoyingOnion

    @AnnoyingOnion

    11 ай бұрын

    ​@@d3j4v00 i feel you bro

  • @roccovito4157

    @roccovito4157

    9 ай бұрын

    Alot of the millionaires are heirs, real self made millionaires are investors. And there is nothing like luck, but taking risk and timing included and you need some education. To become a millionaire by yourself should not be a goal because it's just out of reach. I pray that anyone who reads this will be successful in life too

  • @nicejk3448

    @nicejk3448

    9 ай бұрын

    @@roccovito4157 You are right, you've remind me of what someone once said " The mind is the man, the poor is in it and the rich is it too". This sentence is the secret of most successful investors. I have been waxing strong financially and I must say that investment is the key that can secure your future

  • @Raymondjohn2
    @Raymondjohn23 ай бұрын

    More and more people might face a tough time in retirement. Low-paying jobs, inflation, and high rents make it hard to save. Now, middle-class Americans find it tough to own a home too, leaving them without a place to retire.

  • @bob.weaver72

    @bob.weaver72

    3 ай бұрын

    The increasing prices have impacted my plan to retire at 62, work part-time, and save for the future. I'm concerned about whether those who navigated the 2008 financial crisis had an easier time than I am currently experiencing. The combination of stock market volatility and a decrease in income is causing anxiety about whether I'll have sufficient funds for retirement.

  • @martingiavarini

    @martingiavarini

    3 ай бұрын

    This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800,000

  • @TheJackCain-84

    @TheJackCain-84

    3 ай бұрын

    Mind if I ask you to recommend this particular coach you using their service?

  • @martingiavarini

    @martingiavarini

    3 ай бұрын

    'Carol Vivian Constable, a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.

  • @TheJackCain-84

    @TheJackCain-84

    3 ай бұрын

    She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.

  • @rannyorton
    @rannyorton2 ай бұрын

    I wasn't financial free until my 40’s and I’m still in my 40’s, bought my third house already, earn on a monthly through passive income, and got 4 out of 5 goals, just hope it encourages someone that it doesn’t matter if you don’t have any of them right now, you can start TODAY regardless your age INVEST and change your future! Investing in the financial market is a grand choice I made.

  • @belljoe

    @belljoe

    2 ай бұрын

    I understand that tomorrow isn't promised to anyone, but investing today is hard for me now because I have no idea of how and where to invest in. I would be happy if you could advise me based on how you went about yours, as I am ready to go the passive income path.

  • @smithlenn

    @smithlenn

    2 ай бұрын

    I don't have a full-time job; instead, I'm self-employed with a variety of sources of income. Regardless of how much money I generate each month, I maintain the same budget and adhere to my means-tested lifestyle.

  • @Alejandracamacho357

    @Alejandracamacho357

    2 ай бұрын

    Well agreed, that's the more reason I prefer my day to day mkt decisions being guided by a invt-coach, seeing that their entire skillset is built around going long and short term, at the same time laying off risk as a hedge against inevitable downturns, coupled with the exclusive information & analysis they get, it's near impossible to not out-perform. I've been using a coach for over 3 years, and my portfolio has yielded from initial $500k to a ballpark estimate of $1.8m as of today.

  • @belljoe

    @belljoe

    2 ай бұрын

    I think this is something I should do, but I've been stalling for a long time now. I don't really know which firm to work with; I feel they are all the same.

  • @Alejandracamacho357

    @Alejandracamacho357

    2 ай бұрын

    thanks, was guided tho..Julia Hope Marble walked me through the ropes majestically i'ts my ultimate pleasure.

  • @MathiasLaurel
    @MathiasLaurel10 күн бұрын

    I agree that many people are considering NVDA as the "Stock of the year." However, I'm curious about which stocks could potentially become the next META in terms of growth over the next decade. I've allocated $200k for investment, looking for companies to make additions to boost performance

  • @TariqSinghKhan

    @TariqSinghKhan

    10 күн бұрын

    I think the next big thing will be A.I. For enduring growth akin to META, it's vital to avoid impulsive decisions driven by short-term fluctuations. Prioritize patience and a long-term perspective consider financial advisory for informed buying and selling decisions.

  • @NatalieFormor

    @NatalieFormor

    10 күн бұрын

    A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.

  • @ArfaanaBinUmar.

    @ArfaanaBinUmar.

    10 күн бұрын

    Glad to have stumbled on this conversation. Please can you leave the info of your investment advisor here? I'm in dire need for one.

  • @NatalieFormor

    @NatalieFormor

    10 күн бұрын

    Elisse Laparche Ewing is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..

  • @scottjuarez9549

    @scottjuarez9549

    10 күн бұрын

    She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.

  • @JefferyDuns
    @JefferyDuns2 ай бұрын

    I love how you take your time to educate your viewers we all strive towards financial stability and a better Life. It is easy to achieve this through the right investment, by living frugally and budgeting. I'm glad I learnt early in life to work hard for financial freedom

  • @sattler96

    @sattler96

    2 ай бұрын

    Even though I engage in investing, I feel disheartened by my lack of expertise in assessing the performance of individual companies and determining the optimal timing for stock purchases. The erosion of my financial reserves due to inflation adds to my concerns. At this point, I require precise market trajectory information, but I find myself unsure about the appropriate course of action.

  • @hankmarks69

    @hankmarks69

    2 ай бұрын

    Considering the prevailing economic climate, I recommend seeking a mentor or a knowledgeable advisor who can provide guidance and support.

  • @PatrickLloyd-

    @PatrickLloyd-

    2 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.

  • @PhilipDunk

    @PhilipDunk

    2 ай бұрын

    Hmmm this is quite interesting, Please can you leave the info of your investment advisor here? I’m in dire need for one.

  • @PatrickLloyd-

    @PatrickLloyd-

    2 ай бұрын

    Amber Dawn Brummit is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

  • @Robertgriffinne
    @Robertgriffinne2 ай бұрын

    As an lnvesting enthusiast, I often wonder how top level investors are able to become millionaires off investing. . I’ve been sitting on over $545K equity from a home sale and I’m not sure where to go from here, is it a good time to buy into stocks or do I wait for another opportunity?

  • @Christine-ce4xo

    @Christine-ce4xo

    2 ай бұрын

    It's best to seek an advisor right now, unless you're canny yourself. As a business owner in both the service industry and eBay reseller of all product categories, I can tell you we’re in a deep recession and everyone is running out of money.

  • @Patriciacraig599

    @Patriciacraig599

    2 ай бұрын

    I agree, that's the more reason I prefer my day to day invst decisions being guided by a invst-advisor, seeing that their entire skill set is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using a invst-coach for over 2years+ and I've netted over $900K.

  • @Robertgriffinne

    @Robertgriffinne

    2 ай бұрын

    How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?

  • @Patriciacraig599

    @Patriciacraig599

    2 ай бұрын

    She goes by 'Julia Hope Marble ''. I choose to delegate my excesses to her because of her great expertise. I suggest you look her up. To be honest, almost didn't buy the idea of letting someone handle growing my finance, but so glad I did!!

  • @Robertgriffinne

    @Robertgriffinne

    2 ай бұрын

    Thank you for sharing, I must say, Julia appears to be quite knowledgeable. After coming across her web page, I went through her resume and it was quite impressive.

  • @YFolermira
    @YFolermira5 ай бұрын

    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.

  • @Rodxmirixm

    @Rodxmirixm

    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 $3 million in three years with my advisor, Stacey Lee Decker.

  • @Jason9o669

    @Jason9o669

    5 ай бұрын

    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 with her?

  • @Rodxmirixm

    @Rodxmirixm

    5 ай бұрын

    With the help of google you can book an appointment. She has a wealth of experience in the financial market gained over several years.

  • @VickyAlvy

    @VickyAlvy

    5 ай бұрын

    After reading your insights, I researched her full name and found her online webpage. Thanks for your help.

  • @mautrindade

    @mautrindade

    3 ай бұрын

    the other positive routine is that you should make sure you are born rich

  • @EmilyMartinez.
    @EmilyMartinez.2 ай бұрын

    There is potential for considerable wealth increase with the correct strategy. I want to know; How can one take advantage of compound interest and potentially grow your retirement savings/net-worth to about $3M over time?

  • @trazzpalmer3199

    @trazzpalmer3199

    3 күн бұрын

    The present market conditions could offer chances to enhance earnings quickly, yet to implement such a plan, expertise is essential.

  • @JessicaThompson.

    @JessicaThompson.

    3 күн бұрын

    The significance of advisors often goes unrecognized until emotions cloud judgment. I remember a couple of summers ago, during a challenging divorce, when I needed significant assistance to sustain my business. Turning to licensed advisors, I discovered someone highly qualified. Despite inflation, she played a crucial role in boosting my reserves from $275k to $850k.

  • @EthanBrown_23

    @EthanBrown_23

    3 күн бұрын

    impressive gains! how can I get your advisor please, if you dont mind me asking? I could really use a help as of now

  • @JessicaThompson.

    @JessicaThompson.

    3 күн бұрын

    'Laurelyn Gross Pohlmeier' is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

  • @SarahTaylor_

    @SarahTaylor_

    3 күн бұрын

    Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her.

  • @dr.MadisonSoley
    @dr.MadisonSoley2 ай бұрын

    borlest - forbidden money books (thank me later)

  • @ab_man7708

    @ab_man7708

    25 күн бұрын

    What is this bs? What is it backed by? Tell me already

  • @PhilSommer2
    @PhilSommer27 ай бұрын

    Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Instead of trying to predict and prognosticate the stability of the market and precisely when the change is going to happen, a better strategy is simply having a portfolio that’s well prepared for any eventually, that’s how some folks' been averaging 150K every 7week these past 4months according to Bloomberg

  • @philipcollen482

    @philipcollen482

    7 ай бұрын

    That’s crazy, I’m just doing everything wrong with my portfolio.

  • @KatherineAnderson-lm8bw

    @KatherineAnderson-lm8bw

    7 ай бұрын

    The US-Stock Mrkt had been on it’s longest bull-run in history, so the mass hysteria and panic is relatable considering we’re not accustomed to such troubled mrkts, but there are avenues lurking around if you know where to look. My wife and I are retiring this year with over $7,000,000 in tax deferred investments. up until 3 years ago we were 100% in the S&P. During bear markets we had a perfect plan. We got an investment manager in our corner and didn’t look at our portfolio for nearly a year

  • @alicebenard5713

    @alicebenard5713

    7 ай бұрын

    Same here, 75% of my portfolio is in the red and I really don’t know how long I can stomach the losses. I’m beginning to reach a breaking point.

  • @SophiaBint-wj8wn

    @SophiaBint-wj8wn

    7 ай бұрын

    Patience patience patience. It's a cycle.... a sucky point in the cycle, but a cycle nonetheless.

  • @brittanynicolette9473

    @brittanynicolette9473

    7 ай бұрын

    Hello, I am new when it comes to investing and i would really appreciate if I could get some tips about where it is worth to invest in (ETFs, Stocks, Growth stocks, Dividend stock etc.)

  • @michaelgraham19871
    @michaelgraham198717 ай бұрын

    The truth no one tells you about money is, money can't buy you happiness (this is a fact) but it doesn't mean money doesn't create an avenue for you to have the time to experience happiness. Every retired person actually enjoying their money experiences life in a way you can't understand. They wake up when they feel like, they spend more time with their families, they are more actively involved in their children or grandchildren's lives. I'm going to achieve this level of comfort and peace of mind and it can only come from financial security. i'm currently working on a perfect retirement plan with my FA Olivia rene reyes and in 10 years i'd retire and make up for all the times i lost when my kids were young. wish me luck!

  • @tylerforeman667

    @tylerforeman667

    7 ай бұрын

    i'm happy there are lots of people doing so well...Love this channel for the transparency

  • @ParishBlein

    @ParishBlein

    7 ай бұрын

    out of curiosity I did read about Olivia Rene Reyes on the web, she has a great resume

  • @nataliehinnes5221

    @nataliehinnes5221

    7 ай бұрын

    Glad to see someone being honest about money, lots of people talk about it but no one really gives good advice on the matter, this is really refreshing

  • @stanleyfujiwara1394

    @stanleyfujiwara1394

    7 ай бұрын

    Did a quick web search, she has a pretty decent bio, I wrote her and I'm waiting on her reply

  • @greyknight5823

    @greyknight5823

    7 ай бұрын

    Please note that these commenters are bots and the person named probably isn't real either. Stay safe!

  • @arickbakken
    @arickbakken Жыл бұрын

    Instead telling me to simply "save more", someone once told me to "pay yourself first". It's a slight shift of framing the thought but it landed so well with me in my 20s. When I get money from a job, I'm going to pay myself first, divert 10% into investments/emergency savings and then I can think about paying other people for stuff I want/need. I know it's the same thing but just telling me to save didn't seem to have the same impact.

  • @alex.velasco

    @alex.velasco

    Жыл бұрын

    👏

  • @lucasrobinson6444

    @lucasrobinson6444

    Жыл бұрын

    It is different because now you invest and then have the pressure to pay the bills. But in the other case when you pay bills first there remains no pressure to invest and usually that left money gets spent in luxury stuff to get comfort after paying the bills

  • @JB-ri6zp

    @JB-ri6zp

    Жыл бұрын

    Yeah this is so true. I always make fun of my friends for paying Apple, Samsung BMW, Infiniti, Ray Bans, etc. Why you making them rich? You like them better than yourself?

  • @roh91

    @roh91

    Жыл бұрын

    God level thought process. ❤

  • @davea136

    @davea136

    Жыл бұрын

    Great, I'll tell my landlord, "Sorry you don't get rent from me this month because I am paying myself first." I am certain that will work out just fine.

  • @massimookissed1023
    @massimookissed1023 Жыл бұрын

    Ah. #1 most common money mistake: Being poor.

  • @dannyboi_663

    @dannyboi_663

    Жыл бұрын

    @WhatsApp Well I have something even bigger than that to introduce to you.

  • @tylerjhunter

    @tylerjhunter

    3 ай бұрын

    Maybe nearer the mark, "Being _unable_ to make money." Everything she says in this video is contingent on the assumption that any given person is capable of working and saving money, and that's obviously not the case.

  • @yung1448
    @yung14482 ай бұрын

    Successful people don't become that way overnight. What most people see as wealth is the result of hard work, knowledge and hustle over time. I pray anyone reading this will be successful.

  • @yung1448

    @yung1448

    2 ай бұрын

    The first step to creating weaIth is figuring out your goaIs and risk toIerance - either on your own or with the heIp of a financiaI coach, and foIIowing through with an inteIIigent pIan, you wiII gain financiaI growth over the years and enjoy the benefits of managing your money.

  • @yung1448

    @yung1448

    2 ай бұрын

    I am fortunate I made productive decisions that changed my finances (accumuIated over 1MiII in 2years) through my financiaI coach. Bought my 2nd house in January, and hoping to retire at 51 next year.

  • @yung1448

    @yung1448

    2 ай бұрын

    researvh the name, lf you care.

  • @yung1448

    @yung1448

    2 ай бұрын

    REBECCA MARTIN WATSON

  • @Elizabethgreen779

    @Elizabethgreen779

    2 ай бұрын

    l’m amazed to partake on this, lt has rekindled the fire to my goals.

  • @thomasdooley3702
    @thomasdooley37027 ай бұрын

    "if you don't find a way to make money while you sleep you will have to work hard until you old".

  • @loydriley9221

    @loydriley9221

    7 ай бұрын

    You're right, it's obvious a lot of people remain poor due to ignorance, it's better to take risks and make sacrifices than to remain poor

  • @christopherhobb7702

    @christopherhobb7702

    7 ай бұрын

    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

  • @popsarah7805

    @popsarah7805

    7 ай бұрын

    ​@@christopherhobb7702Same here, I wish I knew about this Bitcoin trading earlier, brace up and get yourself some Bitcoin before it's too late

  • @cassiejacobs4197

    @cassiejacobs4197

    7 ай бұрын

    Obviously trading in bitcoin is very volatile and risky to trade that's the reason most traders trade with a company

  • @cassiejacobs4197

    @cassiejacobs4197

    7 ай бұрын

    Learn and trade under a guide I do same and I hardly make losses in the market

  • @joshhushed5890
    @joshhushed58905 ай бұрын

    Managing money is different from accumulating wealth, and the lack of investment education in schools may explain why people struggle to maintain their financial gains. The examples you provided are relevant, and I personally benefited from the market crisis, as I embrace challenging times while others tend to avoid them. Well, at least my advisor does too, jokingly.

  • @genavazquez2943

    @genavazquez2943

    5 ай бұрын

    Investors should exercise caution with their exposure and exercise caution when considering new investments, particularly during periods of inflation. It is advisable to seek guidance from a professional or trusted advisor in order to navigate this recession and achieve potential high yields.

  • @nathanlindaray9801

    @nathanlindaray9801

    5 ай бұрын

    I subscribed for a few trading courses but it didn't help much, been getting suggestions to use a proper financial advisor, how did you go about touching base with your adviser

  • @joshhushed5890

    @joshhushed5890

    5 ай бұрын

    Through closely monitoring the performance of my portfolio, I have witnessed a remarkable growth of $485k in just the past two quarters. This experience has shed light on why experienced traders are able to generate substantial returns even in lesser-known markets. It is safe to say that this bold decision has been one of the most impactful choices I have made recently.

  • @FrederickBlein

    @FrederickBlein

    5 ай бұрын

    I've actually been looking into advisors lately, the news I've been seeing in the market hasn't been so encouraging. who's the person guiding you?

  • @joshhushed5890

    @joshhushed5890

    5 ай бұрын

    Probably can't say much, *John Desmond Heppolette* is the advisor that oversees my portfolio. he's an extremely intelligent person, very thoughtful, cautious, and has an outstanding credentials, it's easy to find him on the web.

  • @sebastianspiegler5801
    @sebastianspiegler5801 Жыл бұрын

    Investors of your age can afford to wait for the ''Bull market'' and see your investments grow, but little is discussed on these or other videos on YT about investing for pensioners like me (68) who are already in receipt of state and workplace pensions. Where should I invest, yielding good returns this year? I have my funds ready, but where to go? Or take the bank's 12 month guaranteed bonds at 4.75% and skip the market?

  • @liambracey6708

    @liambracey6708

    Жыл бұрын

    In pretty crazy times i strongly advice you seek a market pundit's support in order to reduce permanent loss of capital or portfolio overall volatility. it might sound basic or generic but its a wonderful way of getting started because they provide tailored advice on securities to focus on.

  • @aubreymcgovern9467

    @aubreymcgovern9467

    Жыл бұрын

    @@liambracey6708 That’s true Investment-Advisers are best known to outperform the index thereby yielding good returns. A new study by investopedia found out that demand for Portfolio-Managers sky-rocketed by over 41.8% since the pandemic and based on firsthand encounter I can say for certain their skillsets are topnotch. My portfolio has accrued over $645k within 18months from an initially stagnant portfolio worth $83K which was devoid of dividend stocks.

  • @mialangley2388

    @mialangley2388

    Жыл бұрын

    @@aubreymcgovern9467 For Some their fees are way too high, seeing that their services are in high demand more than ever. Seems more like extortion to me nevertheless who’s your Investment-Adviser and how can I contact him/her? because I'm seeking for a more effective investment approach with little to no risk or loss or whatsoever.

  • @aubreymcgovern9467

    @aubreymcgovern9467

    Жыл бұрын

    @@mialangley2388 The Investment-Adviser cum Portfolio-Manager i went with is "'LISA ELLEN SHAW"' who is Fully verified by the SEC. She's most interested in educating potential clients, building relationships and learning potential clients' goals for investing. She serve her clients and celebrate their success. she's popular and has quite a following, so it shouldn't be a hassle to find her, just look her up using her fullname.

  • @willlategan7558

    @willlategan7558

    Жыл бұрын

    @@aubreymcgovern9467 Thanks for this mate. Her website popped up on the first page immediately I searched her, I read through her resume and Did my due diligence on her before leaving a message. So, hopefully she replies soon.

  • @yuikiyoshi1248
    @yuikiyoshi1248 Жыл бұрын

    There might be an economical turmoil but there is no doubt that this is still the best time to invest.

  • @dorissteve912

    @dorissteve912

    Жыл бұрын

    Best time to invest? thats funny though because in the last four months I have lost more than $47,900 in stock market which is the biggest I have loss since I ventured into stock investment.

  • @yuikiyoshi1248

    @yuikiyoshi1248

    Жыл бұрын

    you could be right or wrong . i once had similar problem but now its a different ball game for me because I was lucky to have met KATRINA VANRENSUM , a financial manager and stock expert, I have made more than $165,000 in 6 weeks under her supervisions

  • @yuikiyoshi1248

    @yuikiyoshi1248

    Жыл бұрын

    Search her name on the web you will see all you need to know about her.

  • @jamesmaduabuchi6100

    @jamesmaduabuchi6100

    Жыл бұрын

    Thanks for the info . Found her website and it really impressive

  • @klosnj11

    @klosnj11

    Жыл бұрын

    Agreed. Just not the best time to invest in stocks. Invest in tools, skills, and networking. Invest in yourself right now. Invest in others when the time is right.

  • @DataSmithy
    @DataSmithy Жыл бұрын

    You can do anything you want, you just can't do everything you want. Life is about choices.

  • @BaddyK

    @BaddyK

    Жыл бұрын

    Well put👍

  • @palesamphatsoe959

    @palesamphatsoe959

    Жыл бұрын

    Oppurtunitity cost

  • @chowsquid

    @chowsquid

    Жыл бұрын

    Umm there are laws. You can’t do anything you want.

  • @kevinline

    @kevinline

    Жыл бұрын

    @@chowsquid law can’t stop you from doing whatever you want. They can only try stop you from doing it again in the future.

  • @HodgeChris
    @HodgeChris10 ай бұрын

    The financial system has been artificially pumped for over a decade to ensure big pockets were lined; and now those same hands will make a fortune in the largest transfer of wealth in human history by shorting it on the way down. Inflation does have a roll, but that's to keep everyone panicked, and focused on their bills and expenses, rather than focus on the capital crimes of politicians and corporations,I'm still at a crossroads deciding if to liquidate my $338k stock portfolio, what’s the best way to take advantage of this bear market??

  • @carssimplified2195

    @carssimplified2195

    10 ай бұрын

    Find stocks with yields that exceed the market and stocks that, at the very least, follow the long-term market trend. However, you should get guidance from a financial advisor if you want to create a successful long-term plan..

  • @solomonjagun4602

    @solomonjagun4602

    10 ай бұрын

    lmao

  • @lostintashkent

    @lostintashkent

    2 ай бұрын

    After 40 years of picking and choosing stocks, finally worked out it was most efficient to put everything into a reliable global wide based ETF and hold for long term.

  • @carter3294
    @carter3294 Жыл бұрын

    After a nightmarish 2022, shell-shocked investors have losses to recoup and plenty to ponder, as an inflation report and a raft of other data did little to change expectations that the Federal Reserve would likely continue hiking intrest rates even if the economy slows down, Which means more red ink for portfolios for the first quarter of year 2023. How can I profit from the current volatile market, I'm still at a crossroads deciding if to liquidate my $250k bond/stocck portfolio

  • @KingDavid-jj7tk

    @KingDavid-jj7tk

    Жыл бұрын

    I only had to type her name into Google to find her webpage. It seems intriguing thus far. I'll call her on the date we agreed upon, and I'll let you know how it went. Thanks

  • @musonobari2560
    @musonobari2560 Жыл бұрын

    She just summarized; (1) The Richest Man in babylon (2) Rich dad Poor Dad (3) and a host of related books. Awesome 👌🏽👍🏽👏🏽👏🏽

  • @NicoKupfer

    @NicoKupfer

    Жыл бұрын

    I came to write that comment. Spot on!

  • @chowsquid

    @chowsquid

    Жыл бұрын

    Why would you need a book for this?

  • @mtspiedra

    @mtspiedra

    Жыл бұрын

    I was just going to comment that she just summarized the book The Richest Man in Babylon.

  • @musonobari2560

    @musonobari2560

    Жыл бұрын

    @@mtspiedra 😀

  • @demisemedia
    @demisemedia Жыл бұрын

    I was terrible with money. Not only did I have bad spending habits but I also believed money was the “root of all evil.” It was a very negative mindset to have. Around 5 years ago I started focusing on saving, making more money, investing a portion and most importantly.. not having an emotional attachment to money. In reality money is just a numbers game. Some people get lucky. Some people know how to manage their money better than others. Many people don’t. Money is a tool to get you the necessities and possibly the things you want! Don’t overthink it. Cutting back on expenses is difficult and pretty damn boring. But having a nice savings account, small to moderate sized investments and money in your checking account is way less stressful than having little to no $. I’ve been broke.. it ain’t fun. Step by step. You’ll get there!

  • @manuelolaf772
    @manuelolaf7722 ай бұрын

    It's really wonderful to come across people who freely share valuable information online. You never know what kind of knowledge you might stumble upon that could have a lasting impact on your life.

  • @gyorgyikestefania5801

    @gyorgyikestefania5801

    2 ай бұрын

    Don't procrastinate when it comes to saving and investing. Don't wait for the perfect timing; start now because the current moment is the best time to invest.

  • @user-qk3ov7ng6g

    @user-qk3ov7ng6g

    2 ай бұрын

    What specific type of investment are you referring to? I'm aware that making money through investing is not as straightforward as it may appear.

  • @gyorgyikestefania5801

    @gyorgyikestefania5801

    2 ай бұрын

    Cryptocurrency trading appears to be quite lucrative. Despite the constantly changing nature of Bitcoin, it's evident that the cryptocurrency community is here to stay. John Joseph, you're doing an excellent job.

  • @elsebabette1727

    @elsebabette1727

    2 ай бұрын

    I apologize for interrupting, but I have been searching for assistance with this type of trading as my work consumes most of my time, leaving me with limited opportunities to focus on trading. How can I get to know him?

  • @gyorgyikestefania5801

    @gyorgyikestefania5801

    2 ай бұрын

    INSTAGRAM

  • @Bradleyschaeffer376
    @Bradleyschaeffer3766 ай бұрын

    Creating wealth and financial freedom isn't as tough as many people believe. Building wealth and remaining financially stable indefinitely is a lot easier with the appropriate information. Participating in financial programs and products is the only true approach to make a high income and remain affluent indefinitely...

  • @Ashleycorrie8494

    @Ashleycorrie8494

    6 ай бұрын

    It is always good to have a financial plan. I work with a professional planner and fixed-income strategist in NY. The fixed income portion of your portfolio won't simply serve as a buffer to the volatility of the equity portion of your portfolio, but will provide legitimate income.

  • @MichealTanner141

    @MichealTanner141

    6 ай бұрын

    I couldn't agree more. Taking charge of your life and putting in the hard work is the path to success. Having a portfolio manager like Mr. Samuel Peter Descovich is a game-changer. Their expertise and guidance can truly transform your financial journey. Making $35,000 in profits each month and saving 70% of that is quite impressive!They save you time and provide valuable insights that lead to impressive profits. Keep up the amazing work, and enjoy the fruits of your labor..

  • @Jimpard

    @Jimpard

    6 ай бұрын

    I've shuffled through a few experts in the past, but settled with SAMUEL PETER DESCOVICH. The strategy he use is recession-proof, more specifically profit-oriented , and most likely, you'd find his basic info on the net, he's a renowned advisor.

  • @PennyBurdick318

    @PennyBurdick318

    6 ай бұрын

    It’s unfortunate most people don’t have such information, I don’t really blame people who panic cos lack of information can be a big hurdle. I’ve been making more than $65k passively investing with Samuel Peter Descovich, and I don’t have to do much work. It doesn’t matter if the market is crashing, I will always make good profit returns.

  • @Rhgeyer278

    @Rhgeyer278

    6 ай бұрын

    I have turned over more than half MILLION working with SAMUEL PETER DESCOVICH on a wide array of options and finally sticking to a few that have been favorable in the past 2 years.

  • @Financial-Education101
    @Financial-Education1017 ай бұрын

    Paula's perspective on growing the gap between earnings and spending is so simple yet profound. But what really resonated was the historical context she provided - reminding us that volatility and change have always been constants. It's not about fearing the future but using that fear as motivation. The 20% savings goal is a solid benchmark, but her emphasis on intentionality in life is the real gem. It's not just about money; it's about crafting a life with purpose. Thanks for this, truly a wake-up call! 💡💰

  • @floxydorathy6611
    @floxydorathy6611 Жыл бұрын

    America is done. All signs suggest that 2023 will be a year of severe economic pain all over the nation. Put those money to work now to make it grow. I knew I had to invest. I didn't think a few Thousand dollars a month would add up. But it is. From 2020 to date, I have made around $600,000

  • @carter3294

    @carter3294

    Жыл бұрын

    @Clara Lynn How can I touch base with CASEY? what are her services? is she verifiable? do you think she can help me? I live in Canada.

  • @andrewjames8384
    @andrewjames8384 Жыл бұрын

    ‘’Courage taught me no matter how bad a crisis gets ... any sound investment will eventually pay off."

  • @cryptocasey1083

    @cryptocasey1083

    Жыл бұрын

    Making it out at a young age is quite difficult. I started a side hustle at 17, saved up and made some good investments. l'm 28,live on my own and having a good life for myself. Big ups to you and everyone out there trying

  • @mav3420

    @mav3420

    Жыл бұрын

    Sounds like plan, how do you put money to work?

  • @cryptocasey1083

    @cryptocasey1083

    Жыл бұрын

    Yes it sure is. I put in money in investments and get profits. That 's how I make more money without working. This does not sound new to you right ?

  • @mav3420

    @mav3420

    Жыл бұрын

    @@cryptocasey1083 Thanks for replying me, I've heard so many people talk about investment but none had said how to do it right.

  • @lilianazuluaga6504

    @lilianazuluaga6504

    Жыл бұрын

    Am hoping on you can explain more on how you make extra income from investments

  • @husseinhodrob
    @husseinhodrob Жыл бұрын

    Despite the fact that I invest, I am saddened by my inability to evaluate each company's performance and determine whether or not this is the ideal time to purchase stocks. My monetary stockpile is being depleted by inflation. At this stage, I need accurate market trajectory data, but I'm not sure what to do.

  • @nobertheck

    @nobertheck

    Жыл бұрын

    There are numerous opportunities to produce high returns, particularly in this poor market, but such sophisticated transactions can only be carried out by seasoned market professionals.

  • @ethanxavier4507

    @ethanxavier4507

    Жыл бұрын

    @@nobertheck I suggest that you look for a mentor or knowledgeable advisor, particularly in light of the current economic climate.

  • @arturomateo

    @arturomateo

    Жыл бұрын

    @@ethanxavier4507 I absolutely agree, which is why I prefer to delegate my everyday investment decisions to an investment coach. Given their specialized expertise and study, as well as the fact that every one of their skills is aimed at leveraging risk for its asymmetrical potential and managing it as a buffer against certain poor turns, it is practically impossible for them to underperform. I've been working with an investment coach for over two years and have made over $250,000...

  • @gabrielaethan4092

    @gabrielaethan4092

    Жыл бұрын

    @@arturomateo That's something I've been considering. I've been keeping a lot of stocks, but they're losing value, and I'm not sure if I should keep them or sell them. I believe that engaging your investing coach would assist me in reorganizing my portfolio.

  • @arturomateo

    @arturomateo

    Жыл бұрын

    @@gabrielaethan4092 Susan Lorraine Curry's website can be located via a search engine. But I'm not sure I'm allowed to bring it up. In 2020, she drew a lot of attention. She manages my portfolio and coaches me.

  • @eze_theglocalizer
    @eze_theglocalizer Жыл бұрын

    Financial literacy and wealth creation need to be taught and taken more seriously the gap example is simple to comprehend and execute. I love the fact she mentions it is important to understand the reason why someone used to overspend. Growing up in a overconsumption society does not help but through critical thinking and sincere reflection, those bad habits can be stopped for the greater good.

  • @kasdimfer5156

    @kasdimfer5156

    Жыл бұрын

    that does not suit the majority of capitalists, the whole of modern society depends on consumerism and credit.

  • @eze_theglocalizer

    @eze_theglocalizer

    Жыл бұрын

    @@kasdimfer5156 Consumerism and credit are fine. Overconsumerism and getting credit for the wrong reasons are part of the problem. Plus, the majority of capitalists are out numbered by "regular" people who simply want to live happily but without this financial education and somewhat introspection.. The problem will last. Capitalism is fine to some extent, I believe we simply need to update it to a more conscious level.

  • @sotam8938

    @sotam8938

    Жыл бұрын

    Why would the elite teach us how to grow and live independent?

  • @okonomikatsu4723

    @okonomikatsu4723

    Жыл бұрын

    Nah they will never integrate this essential knowledges early in the formal education because the whole system will crumble without a working class. They need people living paycheck to paycheck buying into the standard rat race dream of getting into 25 years mortgage, 6 years car loans, along with lower class people drowning in credit card debt.

  • @rkr894able

    @rkr894able

    Жыл бұрын

    Naval Ravikant

  • @martinerJuhel1
    @martinerJuhel1 Жыл бұрын

    Invest in stocks is a great way to invest your money. The team is constantly checking the market for changes and make sure that you are always informed about the best time to invest. As a result, I have made more money than ever before, and I don't have to manage my portfolio on my own! Invest in stocks, it's worth it!

  • @EvanQuiel4

    @EvanQuiel4

    Жыл бұрын

    That's great! may I ask who's your portfolio manager?

  • @martinerJuhel1

    @martinerJuhel1

    Жыл бұрын

    @@EvanQuiel4 I've been investing with Susan Lorraine Curry guidance for a few years and I couldn't be happier. Her company has given me the best ROI while preserving my capital and has the most thorough investment guidance out there. It also never burns my money with speculation or poor philosophies of risk management

  • @EvanQuiel4

    @EvanQuiel4

    Жыл бұрын

    @@martinerJuhel1 I've been investing with Susan Lorraine Curry guidance for a few years and I couldn't be happier. Her company has given me the best ROI while preserving my capital and has the most thorough investment guidance out there. It also never burns my money with speculation or poor philosophies of risk management

  • @profeszor

    @profeszor

    Жыл бұрын

    @@EvanQuiel4 I've been investing with Susan Lorraine Curry guidance for a few years and I couldn't be happier. Her company has given me the best ROI while preserving my capital and has the most thorough investment guidance out there. It also never burns my money with speculation or poor philosophies of risk management

  • @alex.velasco

    @alex.velasco

    Жыл бұрын

    @@martinerJuhel1 Hey scammer, how do I get out of scamsville?

  • @ashleyjenny186
    @ashleyjenny186 Жыл бұрын

    If you don't find a means of multiplying your money, you will wake up one day and realize that the money you thought you had, had been exhausted. Investment is a ladder to climb the financial wall.

  • @ruthanthens4094

    @ruthanthens4094

    Жыл бұрын

    You are absolutely right 👍

  • @ashleyjenny186

    @ashleyjenny186

    Жыл бұрын

    @Andrew Robert cryptocurrency investment, but you will need a professional guide on that.

  • @ashleyjenny186

    @ashleyjenny186

    Жыл бұрын

    Facebook 👇

  • @ashleyjenny186

    @ashleyjenny186

    Жыл бұрын

    Evelyn C. Sanders

  • @ashleyjenny186

    @ashleyjenny186

    Жыл бұрын

    Telgrm ✍️

  • @xinthebox
    @xinthebox Жыл бұрын

    Every choice you make comes with a trade off , you can afford anything but not everything. You can have that thing but not an endless series of "ands" First principle thinking - getting to the root - person Values , what matters most Trunk of tree - the philosophy of life what type of life you want to live Stems, objective or goals Branches - Strategies on how to obtain those goals Leaves - Tactics and products FI- financial independence Potential passive income- money that comes to you through sleeping through investing . You can make decisions without a sweat Achieving financial independence Grow the gap - grow the gap between what you earn and what you spend -two ways to increase the gap . Earn more or spend less or both Invest the gap. Everyone should aim and invest 20% of your income or increase your savings rate by 1% Repeat - this is a lifetime practice money management happens for life

  • @DiscutirconPablo
    @DiscutirconPablo7 ай бұрын

    Building wealth and securing financial freedom isn't as daunting as many people assume. With access to the right information, establishing wealth and maintaining financial stability over the long term becomes more achievable. Engaging in financial programs and utilizing suitable financial products is the true path to generating a substantial income and ensuring enduring prosperity.

  • @Windarti30

    @Windarti30

    7 ай бұрын

    Since I met John Desmond Heppolette, my life has undergone a remarkable transformation. With his guidance, I've become debt-free, built a substantial retirement fund, and achieved an income exceeding six figures, all thanks to the opportunities he introduced me to and his invaluable assistance.

  • @WiolciaMrozowska531

    @WiolciaMrozowska531

    7 ай бұрын

    Coming across this comment today was exactly the boost I needed. I've been facing financial difficulties for months after my divorce, and I recently came across his outstanding credentials when I looked up his name on Google. It feels like a fortunate turn of events that I stumbled upon this comment section, as it has provided me with valuable information and a sense of comfort.

  • @stanleyzac1648

    @stanleyzac1648

    7 ай бұрын

    I appreciate your advice, and I must say that it was straightforward to locate information about your coach online. I conducted thorough research on him before scheduling our phone call, and his online resume indicates that he possesses a wealth of knowledge and expertise.

  • @intrepid_sagacity_motivation
    @intrepid_sagacity_motivation3 ай бұрын

    Watching this video was one of the most smartest decision i've made

  • @kenm2679
    @kenm2679 Жыл бұрын

    Interesting stuff here. There's a book that Vicki Robins wrote called "Your Money or Your Life" that has similar elements, but think of your spending as using up your life energy. Convert your salary (after taxes) into hours worked, and then view all purchases as the # of hours you need to work to afford it, and then decide if it's worth it. That helps to frame your perspective on spending and hopefully helps keep your expenses down. That car which costs me one year of my life, is it worth it?

  • @CraftyF0X

    @CraftyF0X

    Жыл бұрын

    How about some eastern european reality, like a flat I want to buy would cost about 62 years of my life, which happens to point well beyond the life expectancy in the country. Good luck saving when your full time job brings home just enough to pay your bills and eat, to a point where any unexpected expenses instantly throw you to destitution. Being clever with your money is only an option if you have something beyond self preservation to be clever with. At less lucky part of the word it's not the question of what else you can deny from yourself, but how could you get more because you already denied everything beside basic necessities.

  • @kenm2679

    @kenm2679

    Жыл бұрын

    @@CraftyF0X Can you change the game? That is, you are sustenance living. Your choices are making more, spending less, or switching the playing board. If you cannot do either of the 1st two, then can you change the playing board?

  • @CraftyF0X

    @CraftyF0X

    Жыл бұрын

    @@kenm2679 I'm on it.

  • @scourge6563

    @scourge6563

    Жыл бұрын

    @@CraftyF0X There are no individual solutions to societal problems.

  • @CraftyF0X

    @CraftyF0X

    Жыл бұрын

    @@scourge6563 That is probably true, I talked about solving my problems, for now.

  • @dfg1999
    @dfg1999 Жыл бұрын

    4. Minimize your tax payment 5. Buy good-quality things

  • @humphreychibesa5393

    @humphreychibesa5393

    Жыл бұрын

    How can you minimize your tax payment.thanks for the two tips but I need an elaboration on tax payment minimization

  • @Hallodaarheyjijdaar

    @Hallodaarheyjijdaar

    Жыл бұрын

    Mill Burray using some unknown loop holes

  • @jmags2586

    @jmags2586

    Жыл бұрын

    It's more important to grow your income than to reduce your taxes.

  • @Andre-qo5ek

    @Andre-qo5ek

    Жыл бұрын

    saying reduce your tax payments is like saying cut Medicare, Medicaid, unemployment, libraries, schools. the more logical answer would be to say to get corps to pay their fair share of taxes. so THE PEOPLE can stop subsidizing corps through bailouts.

  • @oyedeporaphael-dn7ig
    @oyedeporaphael-dn7ig3 ай бұрын

    Thinking about money isn't certain that you will make money

  • @alonsohernandez-nb5xq

    @alonsohernandez-nb5xq

    3 ай бұрын

    exactamente, si no encuentras la manera de multiplicar tu dinero, un día te despertarás y te darás cuenta de que el dinero que creías tener, se había agotado. La inversión es una escalera para escalar el muro financiero.

  • @danchristiana4370

    @danchristiana4370

    3 ай бұрын

    You are right, imagine working for 40yrs only to have $1m in your retirement, while some people are putting just $10k in a meme coin for just few months and become multi millionaires. if you don't invest, you're missing out on opportunities to increase your financial status

  • @evelyhwar-jf5zg

    @evelyhwar-jf5zg

    3 ай бұрын

    fact,Money invested is much more better than money saved, when you invest, it gives you the opportunities to increase your financial worth.

  • @deyinlukas-nj5hc

    @deyinlukas-nj5hc

    3 ай бұрын

    ​@@evelyhwar-jf5zgwow,I love your ideas because financial stability and wealth is someone ability to convert earned income into massive profit to build generational wealth.

  • @paulmary-xq1mt

    @paulmary-xq1mt

    3 ай бұрын

    Yeah 👍,for you to be wealthy you will have to invest because working all day his just for survival not for abundance.

  • @khalidalali186
    @khalidalali186 Жыл бұрын

    Opportunity Cost, is the only useful concept that I learned during all my 4 years of college, and quite literally, the only thing that I remember from those days.

  • @herogebrial

    @herogebrial

    Жыл бұрын

    Funny you mentioned this, I feel the same way. It's a good concept that I have never forgotten.

  • @khalidalali186

    @khalidalali186

    Жыл бұрын

    And it applies to everything. One’s relationships, time, work, health, exercise, sex, and any other endeavor. Including reading, researching, and listening. It’s not only an economic concept in my opinion.

  • @herogebrial

    @herogebrial

    Жыл бұрын

    @@khalidalali186 exactly sir, definitely a useful concept. 👍

  • @thevirtualassistanthub
    @thevirtualassistanthub Жыл бұрын

    I have a problem from the root. I find it difficult to comprehend about money especially that I wasn't taught and my parents weren't wise with money. I love when she said "I'm obsessed in saving money".... I do too feel obsessed but lack the will to do it.

  • @user-wl1eg4ew9c
    @user-wl1eg4ew9c3 ай бұрын

    Paula's perspective on growing the gap between earnings and spending is so simple yet profound. But what really resonated was the historical context she provided - reminding us that volatility and change have always been constants. It's not about fearing the future but using that fear as motivation. The 20% savings goal is a solid benchmark, but her emphasis on intentionality in life is the real gem. It's not just about money; it's about crafting a life with purpose. Thanks for this, truly a wake-up call!

  • @PhuongLe-kv1hy
    @PhuongLe-kv1hy8 ай бұрын

    The way she describe is very simple and easy to remember. Thanks

  • @decidertips
    @decidertips Жыл бұрын

    This has been a very educational take on about money. I wish more KZreadrs take the time to create quality content like this. Thank you for sharing this take. Keep it up!

  • @larcomj
    @larcomj Жыл бұрын

    That tree analogy was awesome. This is essentially how i think but could never articulate that as well as you just did.

  • @anisedeer
    @anisedeer Жыл бұрын

    You just inspired me to hold a local toy swap so parents don’t have to go into further debt this Christmas. Thank you

  • @redd-fit2512

    @redd-fit2512

    Жыл бұрын

    Or just not celebrate it and you won't have to worry about it at all

  • @manojgunda2165
    @manojgunda21657 ай бұрын

    One of the best and accurate approach to money was defined!

  • @thewb8329
    @thewb8329 Жыл бұрын

    Its living within your means despite your income level which is something most people don’t do.

  • @xibalbaNOW

    @xibalbaNOW

    Жыл бұрын

    Most of us don’t receive wages commensurate with the work. Period

  • @thewb8329

    @thewb8329

    Жыл бұрын

    @@xibalbaNOW I worked three part-time jobs to put myself through college and graduated with no debt. Life isn’t always easy but anyone willing to can find a way. At least half of it depends on the choices we make.

  • @xibalbaNOW

    @xibalbaNOW

    Жыл бұрын

    @@thewb8329 ah you’re one of those bootstraps folks just cos it worked for you eh? You look foolish calling everyone else lazy, pal

  • @thewb8329

    @thewb8329

    Жыл бұрын

    @@xibalbaNOW I guess if you want to take the “I’m helpless” stance then you reap what you sow.

  • @xibalbaNOW

    @xibalbaNOW

    Жыл бұрын

    @@thewb8329 in an age of wage stagnation, wealth hoarding, weakened unions, tax inequality, chronic corporate greed, cycles of economic collapse, and a new rising billionaire class, people struggling to survive isn’t simply weakness. But tell yourself whatever you need to hear

  • @Muzeishen
    @Muzeishen Жыл бұрын

    SO MUCH good information packed into this short video. Bravo!

  • @v-22

    @v-22

    Жыл бұрын

    Can you point out one single piece of information that isn't obvious?

  • @bhavikshah1946
    @bhavikshah1946 Жыл бұрын

    So simple and so beautiful explained, thank you...hope I can also implement it so simply and beautifully ❤️

  • @micromatters
    @micromatters9 ай бұрын

    Really appreciated the point on first-principles thinking, using the tree analogy is pure genius. By focusing on our core values (the roots), it drives our philosophy (the trunk), which determines our goals and strategies (the branches). Only then should we consider the tactics and products (the leaves). This is such a profound and organic approach to money. Always love a good mental model practically applied to life.

  • @jonashassel5404

    @jonashassel5404

    7 ай бұрын

    💡THE GOSPEL OF THE WORD OF ALMIGHTY GOD "the last age in which God saves man from the destruction of this old world" (I have sought many in the world to be My disciples. I have divided them into different categories according to people's loyalty to Me. In this regard, I am calling the groups of those I want to save to return to My home, and then I allow all of them to accept My work in the last days. At the same time, I sort people by type, and then reward or punish each one according to their work. I now live in the world and live with people. All people experience My work and follow My word, and with it I grant all the truths to each of My followers so that they receive life from Me and thus have a path to follow. I never rush My work. No matter how much people follow Me, I will do My work step by step, according to My plan. I call to My house all those whom I appoint to be listeners of My word, and then place all those who follow and yearn for My word, in front of My throne. Those who turn away from My word, those who have not followed and submitted to Me, and those who openly oppose Me, will all be cast aside to await their final punishment. For this reason I can say, "Many are called, but few are chosen." Measured by these words, do you know if you are among the elect?) Almighty God said I have sought many in the world to be My disciples. Among them are those who serve as priests, those who lead, those who form children, those who form people, and those who provide services. I divided them into different categories according to people's loyalty to Me. When all men have been set apart according to their kind, that is, when the nature of each kind of man has been revealed, I will then number each man in their proper kind and place each kind in their proper place so that I can fulfill My purpose for the salvation of mankind. Accordingly, I call the groups of those I wish to save to RETURN to My HOME, and THEN I ALLOW ALL of them to ACCEPT My WORK in the LAST DAYS. ☀️ At the same time, I sort--separate people by type, and then reward or punish each one based on their deeds. Such are the steps that make up My work. I LIVE NOW in the WORLD and LIVE with PEOPLE. All people experience My work and follow My word, and with it I grant all the truths to each of My followers so that they may receive life from Me and thus have the way to follow. ☀️ Because I am GOD, Giver of LIFE. 🙏 During My many years of work, man has received much and given much, but I still say that man does not truly believe in Me. Because man simply recognizes externally, that I am God, and does not agree with the truth that I say and, even more, does not practice the truth that I ask of him. That is, people only recognize the existence of God, but not the truth; man recognizes only the existence of God, but not life; man recognizes God's name, but not His spirit. Because of His zeal, man is an abomination to Me. Because man only uses words that hurt the ears to deceive Me, and no one worships Me with an honest heart. YOUR WORDS CONTAIN the SERPENT'S TEMPTATION; moreover, your words are supremely proud, a SEEMING PROCLAMATION of an ARCHANGEL. ☀️ Besides, your works are ragged and torn to a shameful degree; your wanton desires and selfish intentions are not desirable to hear. You have all become moths in My house and things to be thrown away with hatred. ☀️ Because none of you love the truth, only people who long for grace, to ascend to heaven, to see the inspiring--miraculous vision of Christ using His power on earth. But have you ever thought how a person like you who has become so wicked, who does not know what God is, can be worthy to follow God? How can you go to heaven? How can you be worthy to witness the greatness, which has no equal? Your mouths are full of words of deceit and evil words, betrayal and pride. You have never spoken faithfully to Me, no holy words, no words of submission to Me when experiencing My word. What, in the end, is this faith of yours? Your hearts are full of desires and treasures; your thoughts are full of material things. Every day, you calculate how to get from Me, checking how much wealth and how many material things you have obtained from Me. Every day, you wait more and more for more grace to descend upon you so that you can enjoy more and more pleasant things. That is what is in your mind at every moment and not Me or the truth that comes from Me, rather your husband (wife), sons, daughters, or what you eat and wear, and how you can enjoy more and more pleasant things. Even if you punch your stomach until it overflows, aren't you little more than a corpse? Even if you adorn your appearance lavishly, aren't you still a walking corpse without life? ☀️ You work hard for the sake of your stomach until you grow white hair, but no one is ready to sacrifice even a strand of his hair for My work. ☀️ You are always in a hurry, tiring your body, and torturing your brain, for the sake of your flesh, and your sons and daughters, yet not one of you shows any concern for My will. What else do you want from Me? I never rush My work. No matter how much people follow Me, I will do My work according to every step, according to My plan. Although you may rebel completely against Me, I still do not stop My work and continue to speak the words I want. ☀️ I CALL to My HOUSE ALL I APPOINT to be HEARERS of My WORD, and then place ALL those who FOLLOW and yearn for My WORD IN FRONT of My THRONE. 🙏☀️ Those who turn away from My word, those who have not followed and submitted to Me, and those who openly oppose Me, will all be cast aside to await their final punishment. 😪 ALL PEOPLE LIVE IN EVIL and UNDER THE HAND OF THE EVIL, so NOT MANY PEOPLE WHO FOLLOW Me really want the TRUTH. ☀️ That is, most DO NOT WORSHIP Me with an HONEST HEART or with TRUTH, but try to take My trust through wickedness, rebellion, and deceitful measures. For this reason I SAY, "Many are called, but few are chosen." ☀️🙏 All the CALLED have become very EVIL and LIVE at the same TIME, but the elect PEOPLE are the only group that BELIEVE and ACCEPT the TRUTH and PRACTICE the TRUTH. 🙏 These people are only a very small part of the whole, and from these people I will receive more glory. Measured based on these words, do you know if you are among the elect What will be your end? 🙏 From "Many are called, but few are chosen" Fulfillment of "When I looked up, someone handed me a book wrapped in a scroll. I opened it and I read on both sides the prayers, sorrows, and curses." (Ezekiel 2:9-10). ... "His garment was stained with blood. He was called the "Word of God" (Rev. 19:13). The kingdom He brought down and set up in the highest in the sky so that it can occupy His creation in the universe and engrave on it the entirety of His Holy name "THE CHURCH OF ALMIGHTY GOD" 💐 fulfillment of (Mat. 16:18) "And I say as for you, you are Peter, on top of this rock I will build my Church, that even the power of death will not be able to overcome it.". ... and "The Letter to the Church in Philadelphia" (Rev. 3:7-13). ... And fulfillment of "The New Jerusalem" 💫 "The Spirit enveloped me, and the angel led me to the top of a very high mountain. He showed Me Jerusalem, the Holy City, coming down from heaven from God." (Rev. 3:7-13). ... " For the time has come in the house of God for the beginning of judgment in the house of God." (1 Peter 4:17). ... It is fulfilled that God Himself is our Pastor in (Rev. 7:17) 💐 "For the Lamb in the midst of the throne will be their PASTOR. He will lead them to springs of life-giving water; and God will wipe away the tears from their eyes" 📩 Calling and leading the sheep of God to His glorious Throne "THE CHURCH OF ALMIGHTY GOD"💐 to submit again to His authority so that He will continue to teach, guide and protect even in plague, famine and wild animals will not be moved by it and completely win this final battle with the big red dragon! "They say with a loud voice, "Salvation comes from the Lamb, and from our God who sits on the Throne!" (Rev. 7:10). ... and it will be fulfilled that will be established above the sky/KZread in (Isaiah 2: 2 / 9:6) "On the Last Day, the mountain on which Jehovah's temple stands will stand out above all the mountains. All nations will flock there. " . . . "For a baby boy is born to us. The rule will be given to him; and he shall be called Wonderful Counselor, Almighty God, Eternal Father, Prince of Peace." ✉️ 💌

  • @minicooperfan16
    @minicooperfan16 Жыл бұрын

    Paula, you always do such a great job of simplifying concepts that can be tough to understand and using easy to remember phrases to help guide folks in the right direction. Thank you!

  • @synju
    @synju Жыл бұрын

    I agree with a lot of the things mentioned, I'm just not so sure about the idea of using fear as a motivator... People tend to make poor, rash and irrational decisions when they only use fear as a motivator. - Yes fear can be utilized, but it must be accompanied with rational thinking and good planning.

  • @bidmcms3
    @bidmcms3 Жыл бұрын

    How many viewers have any money saved, let alone enough to worried about asset management?

  • @KAS1JM

    @KAS1JM

    Жыл бұрын

    Facts 🙆🏿‍♂️

  • @zhain0

    @zhain0

    Жыл бұрын

    Me. But then it's taken me 15 years to be in the position I am.

  • @rozinant1237

    @rozinant1237

    Жыл бұрын

    Me, I figured out on my own, the path she describes, at age 30. I am now 65, retired, and can now do all the things that are important to me

  • @Joshneedsnature
    @Joshneedsnature Жыл бұрын

    I really appreciated this video until the end. I feel that fear was my motivator for money habits and beliefs for so long, and it was a negative factor in my ability to thrive with money. I think that point could have been elaborated a little more. Other than that, I was really encouraged by the message here! Thank you so much!

  • @colmrooney414

    @colmrooney414

    11 ай бұрын

    thrive= positive frequency/negative when a fear thought overwhelms perhaps we're setting out goal too high and not noticing the positive as much?

  • @Chloe_emm
    @Chloe_emm2 ай бұрын

    Hit 200k today. Thank you for all the knowledge and nuggets you had thrown my way over the last months. Started with 14k in last 4months of 2023

  • @Maguirehook

    @Maguirehook

    2 ай бұрын

    Wow that's huge, how do you make that much monthly ?

  • @Chloe_emm

    @Chloe_emm

    2 ай бұрын

    I don’t comfortably throw recommendations of her on the internet God she’s brilliant her skills are set exceptionally .Thank you Amelia Jason I’m sure there’re also good people who excel in their field ! .

  • @Starkham

    @Starkham

    2 ай бұрын

    She must be really dedicated and well trusted to talk much good about... can I meet her?

  • @Chloe_emm

    @Chloe_emm

    2 ай бұрын

    she's mostly on Telegrams, using the user name.

  • @Chloe_emm

    @Chloe_emm

    2 ай бұрын

    @AmeliaJason11 💯 that’s it

  • @OrchidHuntersAustralia
    @OrchidHuntersAustralia Жыл бұрын

    Wonderfully presented life lesson. Often circumstances prevent us from reaching our potential, but this approach is relevant to anyone, anywhere, and will help you reach your best possible outcome. Paula Pant 😍

  • @saadrehmanshah
    @saadrehmanshah Жыл бұрын

    Their videos are so high quality, learning aside, it's pure aesthetic joy just watching them. The fonts are so beautiful too! wonder which ones they are.

  • @piehound
    @piehound Жыл бұрын

    Sounds smart . . . not only tactically but also philosophically. Thanks.

  • @MrBdharma
    @MrBdharma Жыл бұрын

    If I were to reduce my watch later list of youtube videos to 1 this piece would be the last one standing . So much wisdom packed without wasting a second .

  • @LucidIntuition
    @LucidIntuition Жыл бұрын

    The fact that this wasn’t even a goal setting video but actually explained it perfectly with more clarity is amazing🙌🙌

  • @teim2002
    @teim200221 күн бұрын

    I love the repeat. every time one repeats something, they get better with a growth mindset.

  • @TomFinnovation
    @TomFinnovation7 ай бұрын

    "Money is an invitation for critical thinking" Well said!

  • @-Pamela
    @-Pamela6 ай бұрын

    Good video. Alternatively, perhaps you think you’ve been doing all the right things but you still haven’t quite figured out how to use the Law of Attraction to get money. You need to be positive to actually attract things you want. The law of attraction is one thing, having the belief that you can actually attract what you want. Belief is key to everything we do in life. Everything we do in life comes with planning. I’m not here to convince anybody about anything..

  • @andymarion

    @andymarion

    6 ай бұрын

    Everything starts with a mind of thoughts that you want to be like! Always think before you start committing yourself in whatever you wishes to do..

  • @Campbell957

    @Campbell957

    6 ай бұрын

    Anything you want to be great at, will take you’re absolute focus. It’s better to be a master at whatever it is you’re working at, than to be a jack of all trades that has mastered nothing.

  • @Barbara0015

    @Barbara0015

    6 ай бұрын

    The first step to success, is figuring out your goals and risk tolerance - either on your own or with the help of a financial advisor. If you can get the facts about savings and investing with a well detailed plan, you should be able to gain financial security over the years and enjoy the benefits of managing your income.

  • @-Kevin01

    @-Kevin01

    6 ай бұрын

    I completely agree, and that's why I highly value entrusting a financial advisor with decision-making authority. Their extensive knowledge and focused training allow them to adeptly manage risk by leveraging its potential for greater returns while also implementing safeguards against adverse outcomes. It's virtually improbable for them to deliver subpar results. Personally, I've achieved a remarkable gain of over 1.5 million dollars during my three-plus years of passively investing with John Desmond Heppolette my financial advisor..

  • @luis-gabriel1

    @luis-gabriel1

    6 ай бұрын

    John Desmond Heppolette has been a significant step in my financial life journey, providing valuable knowledge, actionable advice, and motivational content. His supportive community has boosted my confidence, work engagement and has inspired me to strive for excellence. His assistance is a secret weapon for great financial growth, and his online presence is a must-see for anyone looking to improve their financial situation.

  • @lazerfleming7683
    @lazerfleming7683 Жыл бұрын

    The biggest positive thinking I've made in the past 5 years stems from this channel and this episode is a prime example. 👌 you guys are awesome 💯

  • @J0SKXY

    @J0SKXY

    Жыл бұрын

    Which videos, if you mind

  • @minolsumanasinghe6222

    @minolsumanasinghe6222

    9 ай бұрын

    Save your money 💰 😂

  • @dong_lee613

    @dong_lee613

    3 ай бұрын

    Still you missed the point.😂

  • @opanike87
    @opanike87 Жыл бұрын

    Watching this after reading Debt by David Graeber and the dawn of everything by David Graeber and David Wengrow just shows how narrow some of the answers we are presented with really are. Why are we not bold enough to change a failed system. The truest definition of madness.

  • @mrwaheed07
    @mrwaheed0712 күн бұрын

    Achieving Financial Independence: 1. Grow the gap 2. Invest the gap 3. Repeat Thank you Paula Pant for sharing these life-changing tips.

  • @ChristianMartinezcz
    @ChristianMartinezcz6 ай бұрын

    Nice video as always but here is my problem I have been making losses trying to make profit tradng stock and crypt0. I thought tradng demo account is just like tradng the real market... can anyone help me out or at least advise me on what to do?

  • @TabithaHawkins-bl7yl

    @TabithaHawkins-bl7yl

    6 ай бұрын

    Simple way-to make lot's of m0_ney in crypt0 is to trade with an exprt

  • @CameronKelentic

    @CameronKelentic

    6 ай бұрын

    I'll recommend Ex-prt Henne Nate to you. he's the best I've seen. he trade my f--x acc0unt and makes me g00d pr0fits weekly.

  • @KimKinzer-ic6sn

    @KimKinzer-ic6sn

    6 ай бұрын

    wow i'm shocked you just mentioned and recommended Henne Nate i thought i'm the only one trading with him

  • @MalloryCampbell-wu8ft

    @MalloryCampbell-wu8ft

    6 ай бұрын

    you don't need to be shocked because i'm also a huge beneficiary of Henne Nate

  • @MirandaPorterfield

    @MirandaPorterfield

    6 ай бұрын

    I consider myself to be successful in trading with the help of Henne Nate who manages my tradng acc0unt and brings me incredible pr0fits he's stra-t-egy are top notch coupled with the l0w c0mmission he charge for their trad-es.

  • @Jhandler99
    @Jhandler99 Жыл бұрын

    I like how this is the most basic information but told in the tone of great wisdom

  • @EdwardHazell
    @EdwardHazell7 ай бұрын

    “Curb that spending problem And Address the Root that is causing that spending problem” 🧠🔋

  • @miraz4841
    @miraz4841 Жыл бұрын

    This channel brings the people who really know what they are talking about.

  • @Danny_6Handford
    @Danny_6Handford Жыл бұрын

    One of the most stunning things I learned about modern economies is that money is created out of thin air when someone takes out a loan and goes into debt. I was well into my forties when I learned this about modern money. At first I did not believe it and it is certainly not what I was taught about money in my younger days. The money is created by entering numbers into the borrower’s account when the borrower takes out the loan. As the loan is paid back, the money that was created for the loan is eliminated and no longer exists, but the bank or financial institution that created the money gets to keep the interest that was paid. So, the more debt there is, the more money there is and the more interest that is paid to the bank. Modern money is mostly about getting governments, corporations, businesses and people into debt and there is also quite a bit of smoke and mirrors involved. On the international level, debt has been used as a tool to gain power, status and influence over other countries for centuries. In the past century, the US perfected this technique. In the 21st century, China and some other countries have also learned this trick. The idea is to keep the borrowers continuously in debt so they can continuously keep paying interest to the “lenders”. The joke is that the money given out for the loans that make up this debt does not exist. It is basically a “fake loan” and to make the joke even better, to get a loan like this, most of us including governments of other countries have to put up some collateral, so if you default, they can take ownership of your collateral. So basically, they get whatever collateral you put up for free and with no risk since the money they “lent” you did not exist. Supposedly, this has been determined to be a legitimate way to do business! This is how the US has been able to be the dominant player in the world economy but is now being challenged. The Gross Domestic Product (GDP) represents the size of the economy which is the amount of money the economy is worth. When the economy is continuously growing, the GDP is also continually growing. Similar to any addiction, more and more borrowing is needed to have the same effect on economic growth. When the government debt starts to become greater than the value of the Gross Domestic Product (GDP), technically it will no longer be possible to pay back the government debt. If it continues, the buying power of money will start to be significantly reduced and if the government debt starts to become several more times higher than the GDP, the money and financial systems will probably collapse. If this happens, the system is reset and the cycle is repeated. During the run up there will be some good times but, after the reset, times will probably not be good and war is also a possibility. This cycle has been repeated continuously throughout history from the Chinese Dynasties to the Roman Empire to Germany after World War One and to Argentina, Venezuela and to many African and Asian nations in the 21st century. Not sure if the US can avoid this cycle. If they can, they would be the first. The idea and thinking that the economy always has to grow for there to be innovation, progress and prosperity may be a problem on a finite planet with limited resources and the focus now needs to be on sustainability not on growth! Presently if the economy is not growing, it is considered a failure. This type of thinking cannot go on uninterrupted on a finite planet with finite resources. There needs to be flexibility in the system for the economy to expand and contract and for a contraction to be considered normal and not a problem or a failure. The contraction needs to be just as prosperous and productive as the expansion. For this type of thinking to work, there needs to be some new economic theories and models developed along with some new types of money and financial systems based on economic sustainability not on economic growth and money inflation. I am sure there will be some Nobel prizes awarded to the academics, economists, corporate CEO's and business leaders and of course politicians and government officials that can figure out how to make a sustainable economy work and how not to devalue the nation’s money in the process. The way this can begin and improve peace and fairness at the same time is when our business, government and academic leaders along with our wealthiest and brightest and smartest among us and this would include people making KZread videos can learn to be much more truthful, honest and trustworthy and learn how not to be greedy and learn how not to become corrupt and along with a majority of us can start to understand that the wellbeing and happiness of others benefits everyone and is the bases for morality.

  • @e.r.4447

    @e.r.4447

    8 ай бұрын

    Yes, in total makeover book, I read Dave Ramsey explaining how in fact debt only makes the bank rich. Now I also sense that if it was not possible to borrow money from the bank to buy a single home, homes would be at least 20 to 40% cheaper.

  • @thinkagain2229

    @thinkagain2229

    7 ай бұрын

    Thanks ❤❤❤❤❤

  • @TheJackCain-84
    @TheJackCain-845 күн бұрын

    Protecting your capital is much more important than making money. Basically because if you lose your capital, making money is much harder. ''Missing the train'' vs. ''losing your money''. There are a lot of trains, but if your money is gone, it's over.

  • @Jamessmith-12

    @Jamessmith-12

    5 күн бұрын

    Wall Street pitched so-called quality stocks with high profitability and low debt, as a kind of insurance against whatever the economy might throw at you. Quality stocks have underperformed the S&P500 this year, My $200k portfolio is down by approximately 20 %, any recommendations to scale up my returns on investment

  • @martingiavarini

    @martingiavarini

    5 күн бұрын

    Nobody knows anything You need to create your own process, manage risk and stick to the plan, through thick or thin While also continuously learning from mistakes and improving.

  • @LindaHaire

    @LindaHaire

    5 күн бұрын

    Exactly why i enjoy market decisions being guided by a pro , seeing that their entire skillset is built around going long and short at the same time both employing risk management and market experience , been using a portfolio-coach for over 2years+ and I've netted over $3million in that time frame.

  • @Jamessmith-12

    @Jamessmith-12

    5 күн бұрын

    Impressive can you share more info?

  • @LindaHaire

    @LindaHaire

    5 күн бұрын

    Credits to 'Carol Vivian Constable' she has a web presence, so you can simply

  • @ReflectionOcean
    @ReflectionOcean2 ай бұрын

    Recognize every choice has trade-offs to better manage resources 0:00:00 Understand money invites critical thinking and prioritization 0:05 Embrace that managing money is akin to managing life 0:41 Focus on core values before considering financial tactics or products 1:03 Reframe financial independence to appreciate its value beyond money 2:30 Acknowledge financial independence provides freedom and choice 3:08 Start financial independence journey by growing the income-expense gap 3:50 Aim to save and invest at least 20% of income for financial growth 4:31 Adopt money management as a lifelong practice, not a quick fix 5:06 Use fear of global volatility as motivation for intentional living 6:04

  • @JonathonSisson
    @JonathonSisson14 күн бұрын

    "Life is the ultimate limited resource." I felt that. Wow.

  • @marcomedri
    @marcomedri Жыл бұрын

    Thanks! So much value

  • @harbormelody4633
    @harbormelody4633 Жыл бұрын

    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. I pray that anyone who reads this will be successful in life and this new year shall get you closer to your goals and open more opportunities to you

  • @niklasheinrich5914

    @niklasheinrich5914

    Жыл бұрын

    you've remind me of what someone once said "The mind is the man, the poor is in it and the rich is it too".

  • @niklasheinrich5914

    @niklasheinrich5914

    Жыл бұрын

    This sentence is the secret of most successful investors.

  • @niklasheinrich5914

    @niklasheinrich5914

    Жыл бұрын

    and i most tell you the truth.investment is the key that can secure your family future.

  • @matildaryan3676

    @matildaryan3676

    Жыл бұрын

    Starting early is the best way of getting ahead to build wealth, in-vesting remains a priority.

  • @matildaryan3676

    @matildaryan3676

    Жыл бұрын

    I learnt from my last year's experience, i am able to build a suitable life because I in-vest-ed early ahead this time.

  • @Lambert7785
    @Lambert7785 Жыл бұрын

    a good perspective, but (@ 6:21), "embracing that fear, and using it..." boils down to yes, accepting the fear, but also being influenced in some core way by the fear, which is not sound...imv better to not give in to fear, and instead, continue to be your real self, regardless...specifically, develop a muscle which separates the fear out, and does not allow it to influence your decisions

  • @anhvu4211
    @anhvu4211 Жыл бұрын

    I also got 1 single principle for managing money better First rule ;"don't go out and spend money on stuff you dont need" done!

  • @craigmerkey8518
    @craigmerkey8518 Жыл бұрын

    Growing up in a family that was anxious who poured most of their time and resources into their business at great expense of relationships! I vowed to never do that!

  • @frentz7

    @frentz7

    Жыл бұрын

    Yes .. I worry that the fundamental message of this video is *fear* . Which .. really?

  • @alanfuller7176
    @alanfuller7176Ай бұрын

    I'm really much impressed with your personality here. And your posts are so interesting..

  • @oscarkelly3378

    @oscarkelly3378

    Ай бұрын

    Literally of mankind we may say in general they are fickle, hypocritical, and greedy of gain.

  • @thomasnorris7285

    @thomasnorris7285

    Ай бұрын

    mankind may say in general they are fickle, hypocritical, and greedy of gain.

  • @hendryjay9306
    @hendryjay9306 Жыл бұрын

    Simple yet powerful, thank you

  • @user-gp9gp3pr9g
    @user-gp9gp3pr9g3 ай бұрын

    > Roots: what matters the most - values > Trunk: Philosophy of life & goals > Branches: Strategy > Leaves: Tactics/ products

  • @RAIDERSJUSTWINBAYB
    @RAIDERSJUSTWINBAYB Жыл бұрын

    Sad they don’t teach this stuff in school, quality of life could be so much better, for so many more if they did

  • @TimBryan

    @TimBryan

    Жыл бұрын

    Even if they did teach this stuff in school that’s no guarantee the students would actually internalize and implement the knowledge. Many schools have personal finance education courses, heck even the military has mandatory personal financial management courses, yet people who go through these mandatory courses rarely do anything with the training.

  • @Krazie-Ivan

    @Krazie-Ivan

    Жыл бұрын

    @@TimBryan ...you're not joking. Military teaches to follow command & be cohesive (don't think/act outside the new norm) with your fellow soldiers, & it seems like anything/everything else gets lost in the sauce. Subsequently, you end up with service men & women who pull rank in their households/communities of civilians, become drug or drink addicts, buy a mustang/big truck/motorcycle on credit, & have a kid with the 1st person who shows them the slightest respect. Not all, but a vast many. On topic, corporate interest of the powerful do not want a financially literate populace. Education on topics like these is not good for profits, in the capitalists eye, as consolidation could be undermined if people begin to see the ways in which the game is rigged. It's not some secret cabal or conspiracy, it's simply the net affect of millions of small individual decisions based on greed playing out.

  • @katarinajanoskova
    @katarinajanoskova Жыл бұрын

    '49% of Americans Couldn't Cover a $400 Emergency Expense' so who in the world can save 20% of their income?

  • @drpaulchan
    @drpaulchan Жыл бұрын

    Great wisdom, and so clear, love the gap analysis and fi!

  • @muhammadsiddiqui2244
    @muhammadsiddiqui2244 Жыл бұрын

    One of the best money advices I ever had.

  • @bruceschneider4928
    @bruceschneider49289 ай бұрын

    "Money is an invitation to critical thinking." Beautifully stated.

  • @jerryflecther17
    @jerryflecther17 Жыл бұрын

    I came here to learn how to trade after listening to a guy on radio talk about the importance of investing and how he made $460,000 in 4 months from $100k. Somehow this video has helped shed light on some things, but I'm confused, I'm a newbie and I'm open to ideas.

  • @gomezanderson1723

    @gomezanderson1723

    Жыл бұрын

    Investing in crypto is a good idea, a good trading system would puts you through many days of success.

  • @mavisscott2057

    @mavisscott2057

    Жыл бұрын

    @@gomezanderson1723 I've been making passive income monthly from crypto for over a year tho' I prefer trading with the help of a professional broker Nora Hendrix because she saves me time and reduces the risk of losing funds in trading as we all know how volatile the market is.

  • @leoryruth903

    @leoryruth903

    Жыл бұрын

    Am trading with expert Nora Hendrix too, a regulated broker in USA, Met her sometime early last year at a start up funding event. She has some interesting things to say about the state of algorithmic trading today. Obviously I'm seeing the results.

  • @harperfelicia9372

    @harperfelicia9372

    Жыл бұрын

    Expert Mrs Nora is legit and her success story is top her notch in many KZread channel, i just withdraw my profit past two days before now, glad i did invest with and still reinvested and the trade is ongoing.

  • @calebsarah9985

    @calebsarah9985

    Жыл бұрын

    Working under her management setup has elevated my trading status to a pro level in less than three months.

  • @kokanjokatulu8329
    @kokanjokatulu83298 ай бұрын

    Well said!!!!

  • @DarkSkay
    @DarkSkay Жыл бұрын

    In a perspective that has less to do with personal finance, but broader socio-economic context the following three quotes about money can highlight some important aspects: - "Basicly money = debt" - "The money isn't gone, it just belongs to somebody else." - "Nobody wants money... everybody wants what money can buy."

  • @forcastfascistfuture
    @forcastfascistfuture Жыл бұрын

    Can we just make universal basic income a thing already? Financial independence clearly does amazing things for people's lives, and opens up so much potential for people when they are not living paycheck to paycheck. Having good financial habits is great and all, but it would be better if people did not need to make massive sacrifices and do messed up stuff like becoming landlords just to become financially independent.

  • @marceltheory

    @marceltheory

    Жыл бұрын

    Came here specifically for this comment! It seems like no one digs deeper into the problem of having passive income or trying to sell things to other people so that you can be financially independent while someone else spends their money they worked hard to get to make you financially independent. It is truly a scam to make people think they will be rich one day they just have to change their mindset or spending habits but that is literally the problem that we have to work to survive and come up with ways to make more money from people who are already overworked!

  • @micromatters

    @micromatters

    9 ай бұрын

    You raise an intriguing point! Universal basic income (UBI) certainly presents an opportunity for societal transformation. It does pave the way for people to focus on pursuits other than merely survival. And it's essential we ensure that society's bottom line is high. However, while UBI might provide a safety net, let's remember that financial independence isn't just about money. It's about learning to navigate life's trade-offs and practicing mindful consumption, both of which shape our values, discipline, and resilience

  • @redmond2582
    @redmond2582 Жыл бұрын

    Loved the root analogy with human values! Great content

  • @DonJuanDM
    @DonJuanDM Жыл бұрын

    I would say delay gratification to a point. You can keep saving endlessly which I did in my youth but then people change. When I reached 50s, I decided to spend 10% of my income to indulge myself. Also *retirement is not for everyone*, I have questioned myself hard as I get bored very easily every single time when I have a long break. So I hope I can work til 75+. Everyone is different.

  • @ashutoshtripathi3817
    @ashutoshtripathi38172 ай бұрын

    Simple and Straight to the point! THANKS

  • @qasimqureshi1230
    @qasimqureshi1230 Жыл бұрын

    Great advice !

  • @Dave--FkTheDeepstate
    @Dave--FkTheDeepstate Жыл бұрын

    3:45 Grow the gap -- great idea, but tragically unattainable (better job) or simply undesirable (or impossible for the extremely poor, to reduce spending) for too many. :-(

  • @tatripp
    @tatripp Жыл бұрын

    I like how you used analogous thinking to explain first principles thinking.

  • @lesediamondamane
    @lesediamondamane Жыл бұрын

    Precise and Succinct. If I can't practice what's on this video, reading a thousand books on finance won't help at all.

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