The Book That Changed My Financial Life 🤑

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  • เผยแพร่เมื่อ 16 พ.ค. 2024
  • In this episode of BOOK CLUB, we're talking about 14 money rules I follow to build and keep wealth which I learned from reading Morgan Housel's book 'The Psychology of Money'. These lessons have helped to change my outlook and attitudes to money and are super useful to learn early on in your journey to financial independence!
    - Sign Up To Curiosity Stream To Get the FULL version of this video with all 14 lessons on Nebula: curiositystream.com/ali
    - Buy The Psychology of Money: geni.us/5opc3P
    - BOOK CLUB Playlist: • Book Club
    🍿WATCH NEXT:
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    Timestamps:
    00:00 Intro
    00:26 Lesson 1 - Everyone has different attitudes towards money
    01:18 Lesson 2 - Don’t underestimate the importance of luck
    01:51 Lesson 3 - Learn to say “this is enough”
    04:11 Lesson 4 - Appreciate the magic of compounding
    05:30 Lesson 5 - Save as much as you can
    06:59 Lesson 6 - Focus on not screwing up
    08:13 Lesson 7 - Use money to buy freedom
    09:10 Lesson 8 - Getting wealthy is different to staying wealthy
    10:18 Lesson 9 - Don’t be a flashy twat
    11:17 Lesson 10 - Leave room for error
    12:35 Lesson 11 - Avoid extreme financial commitments for your future self
    13:45 Lesson 12 - Be reasonable rather than rational
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ความคิดเห็น • 1.8K

  • @Aurelijegas
    @Aurelijegas หลายเดือนก่อน +627

    its kinda crazy how no one talks about Nixorus and book called Ancient Wealth Wisdom

  • @EnigmaEarningsExpedition
    @EnigmaEarningsExpedition หลายเดือนก่อน +741

    drop everything you're doing and find an ebook called making money your reality, trust me on this

  • @F3RY20
    @F3RY20 19 วันที่ผ่านมา +999

    I really like how thorough you are and how well you explain everything, and the book is amazing as well. There's also a book I would recommend that you add to your book club called ancient wealth cipher, that book saved me financially and helped me learn things about money I never knew existed and were possible. Anyways keep up the good work!

  • @rileydawnofficial4335
    @rileydawnofficial4335 2 ปีที่แล้ว +878

    I love how fast he talks. Doesn’t waste time and gets straight to the point. I appreciate humans like this. I subscribed.

    • @maximiliankiel2996
      @maximiliankiel2996 ปีที่แล้ว +32

      He just sped up his video by 25%, switch the speed to 0,75 to see him talk like every other human 😅. Those TH-camrs…

    • @bravokarthi6600
      @bravokarthi6600 ปีที่แล้ว +7

      @@maximiliankiel2996 he really speaks fast...

    • @starmorpheus
      @starmorpheus ปีที่แล้ว +6

      @@maximiliankiel2996 Lol what? You can tell it's his normal talking speed. He has podcasts with other people where he speaks the same way. What a strange comment to make.

    • @bjcee
      @bjcee ปีที่แล้ว +15

      Yeah no, I don’t. It’s hard to follow. Thank god for the speed button.

    • @zakariasoulaymani5364
      @zakariasoulaymani5364 ปีที่แล้ว

      @@maximiliankiel2996 i

  • @samonearth9507
    @samonearth9507 2 ปีที่แล้ว +444

    "There is no reason to risk what you have and need, for what you don't have and don't need." I really liked the quote.

    • @srourfamily
      @srourfamily ปีที่แล้ว +1

      i purchase my home at age 19, and now own 10 houses but will not take risk that
      "sense of security" Most individuals from previous investing and now broke and dead, because of chasing money that their bodies couldnt keep up!! fools and senseless way of living. Ego and Status Models that rip the soul.

  • @pearlgirl
    @pearlgirl 2 ปีที่แล้ว +201

    “Savings = Income - EGO” was my favorite quote

    • @avenue2revenue
      @avenue2revenue 2 ปีที่แล้ว +1

      Yeah, everyone should stop keeping up with the Joneses!

    • @VedavyasRS
      @VedavyasRS 7 หลายเดือนก่อน

      Wow, best quote ever 👏😍

  • @MilionareClub1
    @MilionareClub1 2 หลายเดือนก่อน +91

    Best book that I ever read was "Rich People Know This", what I founded inside was miracle. So facinating facts about riches mindes and how they think is banger. Would reccommend to every person who wants to get rich!

    • @risk-mq6xm
      @risk-mq6xm 2 หลายเดือนก่อน +1

      Where Did You Find The Book?

  • @meganlouise8943
    @meganlouise8943 2 ปีที่แล้ว +622

    When you stop learning, you get left behind. Never stop
    educating yourself

    • @simonethomas9393
      @simonethomas9393 2 ปีที่แล้ว +5

      I love this, i pray this message gets to everyone who needs it

    • @simonethomas9393
      @simonethomas9393 2 ปีที่แล้ว +2

      Building wealth involves developing good habits like
      regularly putting money away in intervals for solid
      investments. The stock market has plenty of
      opportunities to earn which I myself took advantage of.
      I made my first million from going diverse, mainly
      ETFs(stocks, bonds etc), bitcoin, and gold. I'm also
      working on an investment plan that includes NFTs with
      my advisor,Kelvin Maorgan. It's been a year and half
      of steady growth.

    • @danaandrioaie1495
      @danaandrioaie1495 2 ปีที่แล้ว +2

      @@simonethomas9393 You have a point, lately I found out that we have lots
      of opportunities to become financially free but most
      times we let this opportunities pass

    • @danaandrioaie1495
      @danaandrioaie1495 2 ปีที่แล้ว +2

      Just like bitcoin, got to know about bitcoin from a
      friend 6 years ago but didn't see any reason to invest
      it it then, that's one decision I regret everyday

    • @franknedu1957
      @franknedu1957 2 ปีที่แล้ว +1

      @@danaandrioaie1495 exactly, bitcoin has lots of potential but people prefer keeping there money in banks than investing. From my research nobody became super rich through savings put that money to work

  • @andrewcleverly1322
    @andrewcleverly1322 2 ปีที่แล้ว +386

    When you invest, you are buying a day that you don't have to work.
    I pray everyone reading this becomes successful.

    • @andrewcleverly1322
      @andrewcleverly1322 2 ปีที่แล้ว

      @John Alfred Crypt0 investment, but you will need a professional guide on that.

    • @andrewcleverly1322
      @andrewcleverly1322 2 ปีที่แล้ว

      @John Alfred you can reach out to him now on FB 👇

    • @andrewcleverly1322
      @andrewcleverly1322 2 ปีที่แล้ว

      @John Alfred Mark J. Ramsey

    • @myytchannel6632
      @myytchannel6632 2 ปีที่แล้ว +1

      You stole this comment, FOOL!

    • @Sallyman5741
      @Sallyman5741 2 ปีที่แล้ว

      @@myytchannel6632 these are investment Bots dont fall for the tricks Theyre all over YT

  • @bertjames436
    @bertjames436 2 ปีที่แล้ว +373

    Looking forward to acquiring ASX stocks what do you think

    • @donald245
      @donald245 2 ปีที่แล้ว

      Traded ASX some years ago but i must say US stocks are vry much okay and of higher value with quicker gains.

    • @kathleenstoner.n7499
      @kathleenstoner.n7499 2 ปีที่แล้ว

      I too will advise u check US stocks u can get a registrd exprt to do the tradings for u or See *Sandra Yvonne Webster* on the nets she's registrd & vry good. Do your own research.

    • @dr.karidouglas1312
      @dr.karidouglas1312 2 ปีที่แล้ว

      She was here in Sydney for a seminar. Great speaker, full of humor and rhetorics too. Lol!

    • @p.kmccain6297
      @p.kmccain6297 2 ปีที่แล้ว

      True being on oil & gas for years

  • @augustineboruvka4396
    @augustineboruvka4396 ปีที่แล้ว +91

    Successful investing is hard work because it means disciplining your mind to do the opposite of human nature. Buying during a panic, selling during euphoria, and holding on when you are bored and just craving a little action. Investing is 5% intellect and 95% temperament.

    • @cliffordmatthew2789
      @cliffordmatthew2789 ปีที่แล้ว +2

      We have learnt in investing journey that you can't control the market but you have the power to control your actions in the market

    • @natalieattkisson7997
      @natalieattkisson7997 ปีที่แล้ว +4

      @@cliffordmatthew2789 It's important to have patience in order to build wealth. In fact, patience might be one of the most important factors in lnvesting.

    • @natalieattkisson7997
      @natalieattkisson7997 ปีที่แล้ว +1

      @@cliffordmatthew2789 Sometimes we're the only ones stopping ourselves from moving forward b/c of our emotions. With a strong-willed mindset, anything is possible.

    • @davidbjorn8891
      @davidbjorn8891 ปีที่แล้ว +1

      @@natalieattkisson7997 I have been thinking about how to grow my reserve by 100% or more within months. I will be grateful if you can give tips or anything on how to make good market picks and how I can get my portfolio diversified and balanced in order to meet up my targe

    • @deannagimenez1744
      @deannagimenez1744 ปีที่แล้ว +2

      @@davidbjorn8891 Think long term, personally i ventured into the market so i won’t be stranded after i retire. A colleague of mine introduced me to CFA " HELEN EUGENIO TORRALBA " who drew out retirement plans and they all aligned with what i wanted and had to pick one plan and with her exit and entry strategies on commodities , securities and digital assets, my portfolio has really been diversified with good ROI. I am really impressed by how much i have achieved

  • @morganlulu
    @morganlulu ปีที่แล้ว +5

    I love that he talks fast and what he says contains no fluff. THANK YOU ALI! I actually am listening and absorbing information.

  • @esiedler1
    @esiedler1 2 ปีที่แล้ว +586

    Acquiring wealth is only half the battle the other half is maintaining your riches

    • @someonewhocares...2513
      @someonewhocares...2513 2 ปีที่แล้ว +2

      Oh sod off, will you?

    • @knilloc8095
      @knilloc8095 2 ปีที่แล้ว

      How are you verified when you don't have a channel

    • @moosdeboer6469
      @moosdeboer6469 2 ปีที่แล้ว +7

      its way harder to acquire wealth, this quote is big dumb

    • @intello8953
      @intello8953 2 ปีที่แล้ว

      What a cringe quote but aight I guess

    • @Juduh
      @Juduh 2 ปีที่แล้ว +3

      Repent, trust, and believe in Jesus and be saved.
      John 3:16“For God so loved the world that he gave his one and only Son, that whoever believes in him shall not perish but have eternal life. For God did not send his Son into the world to condemn the world, but to save the world through him.”

  • @pranb3702
    @pranb3702 2 ปีที่แล้ว +1315

    1. Everyone has different attitudes towards money
    2. Don't underestimate the importance of luck
    3. Learn to say "this is enough"
    4. Appreciate the magic of compounding
    5. Save as much as you can
    6. Focus on not screwing up
    7. Use money to buy freedom
    8. Getting wealthy is different to staying wealthy
    9. Don't be a flashy twat
    10. Leave room for error
    11. Avoid financial commitments for your future self
    12. Be reasonable rather than rational

    • @articolo6
      @articolo6 2 ปีที่แล้ว +1

      whats the rest 3?

    • @nainashrivastava5908
      @nainashrivastava5908 2 ปีที่แล้ว +3

      thank you so much !

    • @vickyvick8294
      @vickyvick8294 2 ปีที่แล้ว +2

      Thanks

    • @thanafc5799
      @thanafc5799 2 ปีที่แล้ว +2

      Thank u very much 🙏♥️

    • @shirin8402
      @shirin8402 2 ปีที่แล้ว +1

      thanks to you from the bottom of my heart!

  • @thecliche3467
    @thecliche3467 2 ปีที่แล้ว +10

    Dude, love you videos, just came across the channel over the last week, and love it. especially these Book Club vids, as an avid reader myself, I do think that 80% of the messages within a self help / progress book can be conveyed in 15 minutes, so loving this form. well done man.

  • @lenarindegard1203
    @lenarindegard1203 2 ปีที่แล้ว +8

    I love how fast he talks yet is so clear:). Love his videos! Always great content.

  • @shantanusinghjhala4452
    @shantanusinghjhala4452 ปีที่แล้ว +97

    Bro this is my first ever comment on you tube....generally I see videos on 1.5x or 2x speed...but because of your speed I saw this video at 0.75x...but nice work bro👍

    • @andersonlelis6994
      @andersonlelis6994 ปีที่แล้ว +6

      Same here! First time I’ve used 0.75x 😂
      Very nice content!

    • @juleswifey6003
      @juleswifey6003 9 หลายเดือนก่อน +3

      Never thought to do that with Ali. Lol😅

    • @7february2013
      @7february2013 8 หลายเดือนก่อน

      Same here! 😂

    • @VedavyasRS
      @VedavyasRS 8 หลายเดือนก่อน

      LoL 😆 you're right bro 🤣

    • @jagdishdhami2838
      @jagdishdhami2838 8 หลายเดือนก่อน

      ​@@juleswifey6003😊

  • @JacquiMwangi
    @JacquiMwangi 2 ปีที่แล้ว +22

    Ali your videos are always insightful, practical and delivered with no fluff! 🙏🏾

  • @joydeepbhattacharjee3849
    @joydeepbhattacharjee3849 2 ปีที่แล้ว +33

    psychology of money was gifted to me by my wife on my birthday. It is the best book that I have read in recent years. I truly agree with the base assumption of the book that at a personal level money is about psychology, discipline and grit and not about formulas and maths.

  • @JeffreyFay
    @JeffreyFay ปีที่แล้ว +15

    11:05 I think this was such an important point and I can’t believe how briefly you covered it!

  • @tshego_ceodesk
    @tshego_ceodesk 2 ปีที่แล้ว +3

    Morgan Housel was a guest speaker at the CFA South Africa conference this year and I loved his insights and had a mental note to get the book. Now you've convinced me to buy the book and read it over my December leave since I always do personal finance mindset refreshers for my overall life planning. Fantastically done Ali! Thanks

  • @pnwmax
    @pnwmax 2 ปีที่แล้ว +8

    new to the channel and here for 2022. love how you share useful and necessary info and so simply that everyone can get at least something lasting from each of these.

  • @teegnas
    @teegnas 2 ปีที่แล้ว +69

    I have read the book and listened to the audiobook on audible ... but I gotta say that this is the best summary of the book on the internet if anyone is looking to reinforce the learnings from the book

    • @atanasfit
      @atanasfit ปีที่แล้ว +1

      Totally agree, Sangeet! Such condensed information and structured in the right way.

    • @matthewrk84
      @matthewrk84 ปีที่แล้ว

      Is it still worth reading the book having watched this?

  • @jettyung2389
    @jettyung2389 2 ปีที่แล้ว +316

    Paid off my students loans early putting as much as I could afford from my salary into it, and just as Ali suggests with his mortgage example, it is not the best thing to do at all, but the emotional value of having that weight off your shoulders just gives me peace. In the end, I just want peace.

    • @angeldeschain0
      @angeldeschain0 2 ปีที่แล้ว +18

      In the end, you are buying freedom, and freedom is a subjective matter. Congrats

    • @charisginn6932
      @charisginn6932 2 ปีที่แล้ว +33

      Same!! I took out student loans my first year and then worked my ass off to pay them down while still in college. It would've been much "smarter" to wait since they weren't accruing any interest at all...but graduating debt free was an amazing feeling and 100% worth it.

    • @marthaayalew2505
      @marthaayalew2505 2 ปีที่แล้ว +3

      Am trying to figure out to pay off or invest since what o saved is equivalent of how much I owe! Lol
      Regardless u did great debt is debt.

    • @britneyferndx763
      @britneyferndx763 2 ปีที่แล้ว +2

      @@marthaayalew2505 i wouls say invest half and pay off the other half that way you done have to decide too much

    • @marthaayalew2505
      @marthaayalew2505 2 ปีที่แล้ว

      @@britneyferndx763 good idea! Thx

  • @abigailchiu
    @abigailchiu 2 ปีที่แล้ว +4

    I love your book club series the most out of all your content series! Keep the wonderful summaries coming

  • @aliabdaal
    @aliabdaal  2 ปีที่แล้ว +135

    If you enjoyed this video, you might like my weekly newsletter, where I share actionable productivity tips, practical life advice, and high-quality insights from across the web, check it out here: go.aliabdaal.com/subscribe-sundaysnippets

    • @masternobody1896
      @masternobody1896 2 ปีที่แล้ว +10

      its not about how much money you make its how about how much money you keep and how much you give - rich dad

    • @meandmy9745
      @meandmy9745 2 ปีที่แล้ว +5

      Yur speaking tooo fast... Please thora kam speed se bolei ta k audience ko kch samjh b ay. Most of the people have that ability to listen n understand fast words. but some of them dont have. I hope ull think about it.

    • @poisson6673
      @poisson6673 2 ปีที่แล้ว +2

      Next vid suggestion:
      *How productively study for logical reasoning based competitive exams like JEE ADVanced and stop talking about active recall,spaced repetition which only applies for easy memory based american medical exams for noobs....I mean JEE adv is smthg of another level*
      Wasted my time nd money on that skillshare course of his [how to study for exams]...mybadd...ended up with perfectionism,analysis paralysis,etc and that the methods discussed only apply for memory based exams

    • @altArchitecture
      @altArchitecture 2 ปีที่แล้ว +1

      Not a bad idea!

    • @Juduh
      @Juduh 2 ปีที่แล้ว +2

      Romans 10:-108But what does it say? “The word is near you; it is in your mouth and in your heart,” that is, the word of faith we are proclaiming: 9that if you confess with your mouth, “Jesus is Lord,” and believe in your heart that God raised Him from the dead, you will be saved. 10For with your heart you believe and are justified, and with your mouth you confess and are saved.

  • @n_kennedy3015
    @n_kennedy3015 2 ปีที่แล้ว +2

    I watch a lot of your videos, and I should say this is the best video among your other videos. Seriously love what you're doing and keep on!

  • @lmkestep
    @lmkestep 2 ปีที่แล้ว +7

    Very inspiring and good reminder to be thankful for what we already have! Thank you Ali.

  • @Reejix
    @Reejix 2 ปีที่แล้ว +97

    "Protect your wealth and cure your illness with charity." Imam Ali (AS)

    • @TheNetworkViking
      @TheNetworkViking ปีที่แล้ว

      😍😍😍😍😍😍Janam Fidai Haidari... Greatest advices from the master of Believers!

  • @geniusidea9038
    @geniusidea9038 2 ปีที่แล้ว +10

    I'm currently living with my parents and I disturb them all day by telling what I read everyday . I think unknowingly it is a great way to remember what you read. And now I’m currently about 80% through "Playbook to Millions by Grant Cardone. I have read a lot of entrepreneurial books and self improvement books, and this book is my absolute favorite. This book is extraordinary and really gets you to work extremely hard toward your goals in life and succeed at multiple different areas like personal finance, business and career. This is an absolute must buy if you need a push to get you going in business or you want more out of life.

  • @Emily-jw1wj
    @Emily-jw1wj 2 ปีที่แล้ว

    I really adore how fast you talk. People ask me to stop talking so fast all the time. But if I slow down I lose my train I thought.
    Not sure how I subscribed to your channel but I'm glad I did. Thank you

  • @allbymyself4927
    @allbymyself4927 2 ปีที่แล้ว +9

    I am currently reading this. I love the kindness undertone, the i understand tone of a friend, judgement free zone. It has helped to encourage me to save more.

  • @NewSaltH2o
    @NewSaltH2o 2 ปีที่แล้ว +53

    Wow all I can say is that advice is spot on. I am 50ish 100% debt free, no mortgage, paid for basic vehicles and work a job I enjoy. You are absolutely correct on every point you have made. My time is free to do whatever I want because I’m not tied to any debt. Thank God I learned the lessons you are talking about early. Your content is well made and very helpful. Keep up the good work!

    • @mikegregors3876
      @mikegregors3876 ปีที่แล้ว

      Your living the dream , i work my hardest to achieve this lifestyle when I am between 40-50 .

  • @fahanibrahimhashi
    @fahanibrahimhashi 2 ปีที่แล้ว +33

    Love that you discussed the emotional side of personal finance

  • @parisjones9328
    @parisjones9328 2 ปีที่แล้ว +3

    Excellent recap! My boss read this book and I think it was lost on him and he didn’t recommend it. I’m definitely going to pick it up now!
    Love how your priorities have shifted over the time I’ve watched and reminds us all that money doesn’t have to change people for the worse. Great stuff Ali thank you

  • @taurustreasury
    @taurustreasury ปีที่แล้ว +4

    Your review perfectly captures the essence of this book. It's a must-read for anyone interested in personal finance.

  • @sbuciec4609
    @sbuciec4609 2 ปีที่แล้ว +19

    I wish this guy was my teacher at some point in my life. Fast, straight to the point but retained my undivided attention for 16 mins straight and I grasped everything he said😂💯

  • @wilsonjudson1650
    @wilsonjudson1650 2 ปีที่แล้ว +241

    The wisest thing that should be on every wise individual's list is to invest in different stream of income and don't depend on the government to bring in money especially now the pandemic is hitting the economy

    • @fredrickconte6270
      @fredrickconte6270 2 ปีที่แล้ว

      you are definitely right , waiting on the government is a big waste

    • @wilsonjudson1650
      @wilsonjudson1650 2 ปีที่แล้ว

      Investments are the stepping Stones to success especially if you been guided by a professional

    • @williamjohn1374
      @williamjohn1374 2 ปีที่แล้ว

      Investing is good but investing in the right thing is the actual key to success . who is your pro ?

    • @wilsonjudson1650
      @wilsonjudson1650 2 ปีที่แล้ว

      That was exactly what I did, I trade with a professional stock expert "VIVIAN KLAINE MORGAN " who i met in one of the seminars..

    • @wilsonjudson1650
      @wilsonjudson1650 2 ปีที่แล้ว

      There are so many investment out there but if profits must be considered then not all investments are good to go into.

  • @mahipalsingh9361
    @mahipalsingh9361 2 ปีที่แล้ว +4

    This is correct because I had a mortgage on my house and I worked twice as hard and cleared that and to tell you the truth it feels quite good. And once I did that I found out that the sources of income stayed with me and now I can save them and put them in right place.

  • @ChrisInmanDrums
    @ChrisInmanDrums 2 ปีที่แล้ว +4

    I needed this! Going into the new year with a renewed focus on getting good with money (not that I’m the worst, but…). Want to invest loads into this channel and for that I need 💰💰🤷🏻‍♂️ Gonna get this book to read in full. Thank you man 🙏🏼

  • @Hamza97
    @Hamza97 2 ปีที่แล้ว +77

    nice video Ali but I heavily disagree with these slow lane tactics. The best way to wealth isn't savings or investing in index funds, it's exploding your income through a business. Everyone who makes a good amount from investing starts with a huge income much higher than the population. Get to $10,000 PER MONTH first, then think about investing.
    And if you're young and don't have too many responsibilities then it's best to invest in higher risk like bitcoin and eth rather than stocks, imo. Explode your wealth in your 20s, maybe 30s, become financially free and then put it all into safe, slow, secure investments after that.

    • @jordanroberts2929
      @jordanroberts2929 2 ปีที่แล้ว +12

      You're right but you do need a certain percentage of your income invested in slow lane tactics like index funds so you can guarantee a decent retirement. The younger you start the better since compound interest will do the heavy lifting. Even if this means investing just 10% every month into safer investments. But yes invest in yourself and build skills to get to 10k/mo then in your biz to get it to 100k/mo and then worry about other investments from there.

    • @aurimasbutkus7294
      @aurimasbutkus7294 2 ปีที่แล้ว +2

      I agree that you won't you make the money you desire by investing in securities with 8% or less annual return, when you are 20 and making 2k a month. But by investing at least 100 or 200 dollars a month builds a habit and increases your knowledge on investing and makes you less likely to lose money and more likely to get better returns later on, when you make 10k a month. On the other hand i agree that while being young most of the money should go to education and self improvement, because that compounds like no other investment.

    • @greenbionomy4340
      @greenbionomy4340 2 ปีที่แล้ว +2

      Good point. It seems like the slow lane approach is really the most promoted one. To be honest, before reading "the millionaire fast lane", the slow lane tactic was my plan. It's funny how you can learn every day and change your paradigms.

    • @HowtoHowNow
      @HowtoHowNow 2 ปีที่แล้ว +1

      Saving isnt the best but still worth it by not falling into thinking spending will make you happy and if not skimping on your health

    • @mirabella2154
      @mirabella2154 2 ปีที่แล้ว +2

      That's bullshit.

  • @felixomoro9450
    @felixomoro9450 7 หลายเดือนก่อน +6

    I loved the part where you said that; Your wealth is counted in the money that you have not yet used.

  • @jackwyatt9649
    @jackwyatt9649 2 ปีที่แล้ว +41

    It’s easier to make money now, investors should make more practical moves this coming year and seek guidance where needed since the future is unknown. Stocks with solid operational performance and financial strength, should be considered .

    • @joerobert1801
      @joerobert1801 2 ปีที่แล้ว +3

      Investors should anticipate the factors that impact portfolio performance and make decisions based on their expectations.

    • @noelstout3056
      @noelstout3056 2 ปีที่แล้ว +3

      I think it’s best for investors to play it safe, No one can say what how the stock market will turn out this year. I bought some stocks I expected to do better but they didn’t.

    • @seanroger6954
      @seanroger6954 2 ปีที่แล้ว +3

      @@noelstout3056 you should probably make adequate research on stocks before adding to you portfolio or seek guidance, my portfolio has grown rapidly with the guidance of my FA Dan Raziel who’s helped added dividend paying stocks with regular income despite market volatility and with Dan at the helms of my trades, there’s been increase in my annual earnings.

    • @rahultoggi4672
      @rahultoggi4672 2 ปีที่แล้ว +1

      @@seanroger6954 Someone recommended Dan Raziel on an investment webinar I was on, how has he enhanced your earnings?

    • @seanroger6954
      @seanroger6954 2 ปีที่แล้ว +3

      @@rahultoggi4672 Dan has greatly enhanced my earnings with huge capital gains and his trades has been life changing. In my first 6 months, he earned me a trade profit of $116,000 with an investment of $18,000. He constantly help identify lucrative positions to earn from and this has helped cleared all my debt, retirement came early with no regrets.

  • @rg1283
    @rg1283 ปีที่แล้ว

    This is absolutely the finest financial advice I've seen in TH-cam. Thank you

  • @svenoliver6040
    @svenoliver6040 2 หลายเดือนก่อน +18

    Ali is beyond amazing. “How to secure wealth”

    • @svenoliver6040
      @svenoliver6040 2 หลายเดือนก่อน

      Making money is action, keeping money is behavior and Growing money is knowIedge.

    • @svenoliver6040
      @svenoliver6040 2 หลายเดือนก่อน

      I am fortunate I made productive decisions that changed my life forever (accumuIated over a MiI) through my finance-mentor. I'm a single parent, bought my house in January and hoping to retire at 53 by next year.

    • @svenoliver6040
      @svenoliver6040 2 หลายเดือนก่อน

      sear ch the name, lf you care.

    • @svenoliver6040
      @svenoliver6040 2 หลายเดือนก่อน

      *Rebecca Martin Watson*

    • @gabytrumbull7880
      @gabytrumbull7880 2 หลายเดือนก่อน

      im amazed to partake on this, lt has rekindled the fire to my goals..

  • @phanithxp6479
    @phanithxp6479 2 ปีที่แล้ว +6

    Looking forward to see more books summary. Great advices and good video quality 👏

  • @MariyaKapasi
    @MariyaKapasi ปีที่แล้ว

    Hi Ali, I truly enjoyed this video. I enjoy a lot of the content you put up but this video I particularly enjoyed for the art direction. I thoroughly enjoyed reading the book and the way your video is filmed actually makes me feel like I am sitting with a friend sharing about a book I enjoyed reading.
    PS My friends and I have a tiny book club and I look forward to BookClub Saturdays!

  • @nsivils81
    @nsivils81 8 หลายเดือนก่อน

    Normally I listen to TH-cam videos at 1.5 speed but you did great. Just my speed! great content, i subscribed! Looking forward to learning more!

  • @BusinessAuthorAcademy
    @BusinessAuthorAcademy 2 ปีที่แล้ว +22

    As a money book writer, I liked the pointing out that you need to have limits in place. In my book, I talk about greed (the HIH scandal) and how our emotions rule our money decisions more than we think.

  • @romelindareyes7337
    @romelindareyes7337 2 ปีที่แล้ว +174

    Putting our time and effort in activities and investments that will yield a profitable return in the future is what we should be aiming for

    • @kelvinl.3875
      @kelvinl.3875 2 ปีที่แล้ว

      👌

    • @kelvinl.3875
      @kelvinl.3875 2 ปีที่แล้ว

      A great work demands a great sacrifice.

    • @benildabituin1531
      @benildabituin1531 2 ปีที่แล้ว

      Speaking about investing, I have been finding a hard time choosing what to invest on, anyone with ideas to help me with?

    • @colegaligger7072
      @colegaligger7072 2 ปีที่แล้ว

      @@benildabituin1531 I'm into real estate investing

    • @colegaligger7072
      @colegaligger7072 2 ปีที่แล้ว

      Real estate lets people grow their net worth by amassing more properties. Its a good long term investment idea due to appreciation

  • @heinfinance
    @heinfinance ปีที่แล้ว +1

    Thank you for making book review videos! I learned many insights from the books just by watching your review video

  • @tanmaymiddha1988
    @tanmaymiddha1988 2 ปีที่แล้ว +1

    What a brilliant video, simplified the learnings so much.
    Thank you

  • @SuccessWithSam
    @SuccessWithSam 2 ปีที่แล้ว +3

    Ali’s transparency and honesty has really motivated me to live my truest life.. whether he is a doctor or a youtuber.. his insights are priceless 👏🏽 🚀 🌙

  • @andrewgiang7521
    @andrewgiang7521 ปีที่แล้ว +3

    Sounds like an amazing book. Funny enough, a lot of these I have already shared same values. But hard to find like minded. Glad to see there must be many who share these goals

  • @PhilippayFiasco
    @PhilippayFiasco ปีที่แล้ว

    The lesson of being reasonable over being rationale is perhaps the one that spoke to me the most. Awesome video!

  • @anxum4208
    @anxum4208 9 หลายเดือนก่อน

    I always feel motivated when I watch your videos.

  • @MindLifeFlow
    @MindLifeFlow 2 ปีที่แล้ว +4

    Hey Ali, Thanks for being so refreshingly honest and real. I found you via David Perell with him recommending your Part-Time TH-cam Academy.. I missed the deadline for this cohort but I signed up for your waitlist. In the meantime, I thought I might just check out your actual YT channel to see who this Ali is. My goodness, your good. I came here looking to see whether I could learn something about your style....but before I could, your content certainly grabbed my attention. To think, I just came to see your style, so as to prepare me for joining your YT program, but your great content piqued my interest too. Thank you!

  • @keltz5028
    @keltz5028 2 ปีที่แล้ว +3

    Many on TH-cam summarizing this book… best is yours. You captured the points well and explained it clearly. Could have done away with background music and playback speed slowed to 0.75

  • @richardalliers4651
    @richardalliers4651 2 ปีที่แล้ว +1

    You are an inspiration and I loved this video so much. Please keep up the great work! I am reading and practicing all that you teach.

  • @baycas
    @baycas 2 ปีที่แล้ว +1

    Great review! I just finished reading the book last night and I couldn't agree more with your statement.

  • @user-cd6ny9yp9y
    @user-cd6ny9yp9y 2 ปีที่แล้ว +148

    People who give up in life are people who lose in life, my first experience happens to be a failure but I never gave up cause I knew it was going to work out for me trying continuously, fortunately I'm smiling today by getting involved in investment.

    • @jephasonaderson5596
      @jephasonaderson5596 2 ปีที่แล้ว +1

      Profitable Investment one can do convenantly at this moment are

    • @jephasonaderson5596
      @jephasonaderson5596 2 ปีที่แล้ว +1

      : Estate
      : Share
      : Stocks market

    • @cedricjiosh6935
      @cedricjiosh6935 2 ปีที่แล้ว +2

      Forex trading is really profitable, investing in it now will be the wisest thing to do especially with the current rise in bitcoin

    • @desmondlius7643
      @desmondlius7643 2 ปีที่แล้ว

      @@cedricjiosh6935
      you're right
      Forex trading is surely a lucrative way to invest whether you want growth, leverage, stable income or something in between.

    • @tressygibson7198
      @tressygibson7198 2 ปีที่แล้ว

      Obviously often times we just look for what to invest in and usually encounter these problem. It's either the money is too huge for what I want to invest or it could require more than expected

  • @hopeinparis
    @hopeinparis 2 ปีที่แล้ว +16

    There's a ton of important ideas in this video and I suggest, even to native Engish speakers, to use the settings to slow the speed to 75% : this will greatly increase your ability to truly assimilate the information. Thank you for a good post, Ali.

    • @NataliaNNS
      @NataliaNNS ปีที่แล้ว

      When the video started, I checked my settings to see if I’d accidentally chosen 1,5 or 1!75 speed 😅

  • @guojiaoshan5523
    @guojiaoshan5523 2 ปีที่แล้ว +2

    Thank you Ali for the great video, really learned a lot from you, and right now still in a process of reading the book you recommended, show your work!---it encourages me to continue to write and I really enjoy doing that, slowly, see how to transfer it to money, have a great day Ali!

  • @LifeOfFahimFaysal
    @LifeOfFahimFaysal 2 ปีที่แล้ว +2

    Extremely valuable information! Can't thank you enough for creating and sharing this video. :)

  • @mo-hammadabunaser1367
    @mo-hammadabunaser1367 2 ปีที่แล้ว +6

    Generational wealth, that's the goal. Thanks for the video, seems like a great read.

  • @Richardsondx
    @Richardsondx 2 ปีที่แล้ว +7

    I loved this book! :) This is one of the best book on finance I read last year. I read it 3 times - The audiobook is also great by the way

    • @busembertiz7372
      @busembertiz7372 ปีที่แล้ว

      The book was very shallow. If u liked that book that means u haven't read financial books enough.

  • @cosmasmbah5358
    @cosmasmbah5358 2 ปีที่แล้ว

    Thank you so much! This is one of the most Amazing videos I've watched in a while.💙

  • @numberoneappgames
    @numberoneappgames ปีที่แล้ว

    The love the candid and open discussion on money in this video. It was definitely worth the watch.
    😊💜

  • @Ahem2002
    @Ahem2002 2 ปีที่แล้ว +3

    making money (offence) and saving or conserving money (defence) are opposite moves. I think they come together, so you can't be offensive/defensive all the time in financial management, it needs to be both.

  • @jessopedia-J
    @jessopedia-J 2 ปีที่แล้ว +5

    "This is enough " my favorite...thanks Ali for this great video 👍

  • @edodoc
    @edodoc 2 ปีที่แล้ว +1

    Amazing Value from the video! I've read the book two times and your video sum up all the key features! You are as always a truly inspiration! Thank you Ali, love from Italy🇮🇹

  • @The-prosperity-Hub
    @The-prosperity-Hub ปีที่แล้ว +1

    Hey Ali. Tnx for an amazingly elaborate review of The Psychology of Money. You summary is so precise but covers all aspects of this books. I hate listening to king speeches and videos and I have to say you made it so interesting for on to listen and grasp the lessons as I’m currently reading the book and enjoy listening to reviews after every reading chapter. 🌹

  • @BlindtoBillionaire
    @BlindtoBillionaire 2 ปีที่แล้ว +140

    Hi! Thanks again for another awesome video! I discovered you a couple months ago and have been loving your content! I feel like you provide a lot of value in your videos and you are pretty funny also! Thanks again, looking forward to the next one! Matt

  • @heckyesitsjess84
    @heckyesitsjess84 2 ปีที่แล้ว +2

    Thank you so much for helping me read this book without reading this book. Great overview.

  • @AbacusAxolotyl
    @AbacusAxolotyl ปีที่แล้ว

    I’ve watched so many of your videos and only recently realised that you always dynamical enter the video in some way and it’s brilliant 😂

  • @mvanwie
    @mvanwie ปีที่แล้ว

    Goes to show the prominence of financial education, help and advice. Definitely adding to my collection

  • @khalilahd.
    @khalilahd. 2 ปีที่แล้ว +14

    I just wanted to say your journey in medicine inspired me to make my own TH-cam channel documenting my journey so THANK YOU!! You always have incredible life tips and even though your no longer pursuing medicine I know that there are still so many things I can learn from you. I love your content and I’ll continue to me a loyal subscriber ❤️☺️

    • @ismynamemoyo6743
      @ismynamemoyo6743 2 ปีที่แล้ว +1

      Subscribed
      Good luck 🤞🏿

    • @khalilahd.
      @khalilahd. 2 ปีที่แล้ว

      @@ismynamemoyo6743 thank you so much ❤️

    • @poisson6673
      @poisson6673 2 ปีที่แล้ว

      Next vid suggestion:
      *How productively study for logical reasoning based competitive exams like JEE ADVanced and stop talking about active recall,spaced repetition which only applies for easy memory based american medical exams for noobs....I mean JEE adv is smthg of another level*
      Wasted my time nd money on that skillshare course of his [how to study for exams]...mybadd...ended up with perfectionism,analysis paralysis,etc and that the methods discussed only apply for memory based exams

  • @isabellaharper3493
    @isabellaharper3493 2 ปีที่แล้ว +53

    STARTING EARLY IS THR BEST WAY OF GETTING AHEAD TO BUILD WEALTH, AND INVESTING REMAIN A PRIORITY. THE STOCK MARKET HAS PLENTY OF OPPORTUNITY TO EARN A DECENT PAYOUTS, WITH THE RIGHT SKILLS AND A PROPER UNDERSTANDING OF HOW THE MARKET WORKS.

    • @charleslapson4939
      @charleslapson4939 2 ปีที่แล้ว

      Understanding the various phases is critical because it can assist you in preparing and forecasting future price movements

    • @charleslapson4939
      @charleslapson4939 2 ปีที่แล้ว

      Cryptocurrency is a very good option if you would like to trade online.

    • @mohammadmurphy3927
      @mohammadmurphy3927 2 ปีที่แล้ว

      @@charleslapson4939
      Please enlighten me more about trading

    • @mohammadmurphy3927
      @mohammadmurphy3927 2 ปีที่แล้ว

      I heard there are Expert who knows how to forecast the 📈 very well.

    • @charlottegomez5279
      @charlottegomez5279 2 ปีที่แล้ว

      Because a lot of investors are confused about how the traders use their money

  • @abdellahalaouimhammedi3084
    @abdellahalaouimhammedi3084 2 ปีที่แล้ว +2

    One of my favorite books , a must read for everyone interesting by financial freedom

  • @mmilpp2736
    @mmilpp2736 2 ปีที่แล้ว

    I love your book club.. keep ‘em coming!! Thank you!

  • @katelynrenesse4798
    @katelynrenesse4798 ปีที่แล้ว +57

    The psychology of money is my favorite read, reading it gave me the nudge i needed to start investing and thank God i did because i have been going all out from the s&p rise, i was one of the few people to hold when the stock was plummeting, now i have close to 2 million in my portfolio. huge props to my CFA James Fletcher Brennan who handles my portfolio, he's the only man i know that's richer than me, haha

    • @clairefrewman1456
      @clairefrewman1456 ปีที่แล้ว +1

      impressive, i just looked him up, will definitely work with him

    • @jerryscotfield6913
      @jerryscotfield6913 ปีที่แล้ว

      after seeing this, i must say this is the inspiration i need to get in on this, by the way, out of curiosity i checked your FA James Fletcher Brennan and his resumé is something i can work with, although i have one question...does he work on commission?

    • @walter.dlawson2580
      @walter.dlawson2580 ปีที่แล้ว +1

      love this!

    • @katelynrenesse4798
      @katelynrenesse4798 ปีที่แล้ว +1

      @@jerryscotfield6913 yes he works only on commission

    • @jerryscotfield6913
      @jerryscotfield6913 ปีที่แล้ว

      @@katelynrenesse4798 thanks for the tip, you've surely made my day

  • @ShivanS
    @ShivanS 2 ปีที่แล้ว +5

    "50 Shades of Grey", the most productive ruler/line guide drawer.

  • @lorrainelou4449
    @lorrainelou4449 2 ปีที่แล้ว +1

    Definitely getting this book! Thank you 🙏🏽

  • @grafxdesigner93
    @grafxdesigner93 2 ปีที่แล้ว +2

    Excellent read. Been recommending this book to a lot of folks.

  • @evansvan5748
    @evansvan5748 ปีที่แล้ว +7

    Successful people don't become that way overnight. Most people you see as glance wealth, a great career, purpose is the result of hard work and hustle over time. I pray anyone who reads this will be successful in life

    • @puntocripto3216
      @puntocripto3216 ปีที่แล้ว

      After watching so many TH-cam tutorial videos about trading I was still losing

  • @npvishwajith3398
    @npvishwajith3398 2 ปีที่แล้ว +79

    I just finished reading it yesterday. One of the best books about money everyone should read.

  • @reubenjedidiahchipemba1608
    @reubenjedidiahchipemba1608 ปีที่แล้ว

    Thank you for sharing these lessons, they have actually changed my all views on the psychology of money. Thank you.

  • @insyirah21
    @insyirah21 2 หลายเดือนก่อน

    I'm so glad I found this channel, very helpful. Thanks

  • @tammy21_4
    @tammy21_4 2 ปีที่แล้ว +7

    This book literally changed my life❤️🙌

  • @LearnwithMamun
    @LearnwithMamun 2 ปีที่แล้ว +13

    Ali, you're the inspiration of thousands young TH-camrs.

  • @createwithasma7321
    @createwithasma7321 2 ปีที่แล้ว +1

    I honestly appreciate the video.Thank you !!

  • @bdflatlander
    @bdflatlander 2 ปีที่แล้ว +2

    This is a great book, the best book I have read about money and personal financial management.

  • @popsarah7805
    @popsarah7805 11 หลายเดือนก่อน +31

    At first I was scared,I started with 500 dollars but now am making profits with her. All thanks to her and her great methods.

    • @popsarah7805
      @popsarah7805 11 หลายเดือนก่อน +3

      Her availability is open on (Face book) 👇

    • @popsarah7805
      @popsarah7805 11 หลายเดือนก่อน +3

      (Margaret Tahoma) 😊

    • @popsarah7805
      @popsarah7805 11 หลายเดือนก่อน +4

      Investwithmagaret

    • @lovecricket6736
      @lovecricket6736 11 หลายเดือนก่อน

      My biggest regret was not investing into Bitcoin when my friend introduced me to Bitcoin in 2014

    • @markaustin5229
      @markaustin5229 11 หลายเดือนก่อน

      I agree, I invested in shiba coin and BTC last year and now I am bullish

  • @totti9521
    @totti9521 2 ปีที่แล้ว +14

    One thing is to acquire wealth, another is to maintain it. There's so much work in keeping a stable financial state

    • @nkpapi989
      @nkpapi989 2 ปีที่แล้ว

      Reading about people grabbing multi-figures monthly as incomes in investments even in this crazy days in the market, any pointers on how to make substantial progress in earning?? I would appreciate

    • @howeross336
      @howeross336 2 ปีที่แล้ว

      @@nkpapi989

    • @karimdarcy5533
      @karimdarcy5533 2 ปีที่แล้ว

      @@howeross336 It's great to see someone talking abt Jennifer, trading alone can be very dangerous, I can attest to that. This woman was a game changer for me. Access to good information is what we need to get ahead financially in life.[..

    • @udell7175
      @udell7175 2 ปีที่แล้ว

      @@nkpapi989 It’s Simple to reach her through her telgram page with the name.).

    • @udell7175
      @udell7175 2 ปีที่แล้ว

      @@nkpapi989 Which is Irishfortune

  • @Jay-cl7cq
    @Jay-cl7cq ปีที่แล้ว

    Hey that was a great summary !
    I already read this book a while ago but it was nice to refreshing the memory!

  • @wunmithegreat
    @wunmithegreat 7 หลายเดือนก่อน +2

    You are such a good teacher📌🔥
    Thank you

  • @overkill2818
    @overkill2818 ปีที่แล้ว +3

    Make money depending on talking risk / safing money dependent on not taking risk

  • @robintyson591
    @robintyson591 ปีที่แล้ว +13

    Calm down! When you edit, make sure you leave some pauses in between sentences. Listeners also need time to take in the information. People don't talk like turkeys, so it's important that your audio editing replicates the way you would speak in real life.

    • @fayad_ousmand
      @fayad_ousmand หลายเดือนก่อน +1

      Watch @Ishan Sharma

  • @fuadfusm
    @fuadfusm ปีที่แล้ว +2

    Ali, I want more and more this type of videos from you. ❤️

  • @terrid6349
    @terrid6349 ปีที่แล้ว

    I like the fact he speaks quick and gets to the point.