1. Don't ignore chance. 2. Being rich vs Being wealth. 3. Money buys control over time. 4. When it is enough. 5. Turn Saving money into habit. 6. Psychology of compounding interest. 7. Plan for things go wrong.
In this day and age, it is very important to know about wealth and how to maintain it. Understanding wealth is just as important as understanding your finances. Too often people only think of money when they hear the word "wealth." This can lead to a whole host of misunderstandings. For example, someone might believe that they are wealthy because they have a high paying job and live in an expensive home. But just because you earn a lot of money doesn't mean you have enough saved for retirement or other emergencies.
@@TheBetterMenProject not sure if you’ve done this one already, but Principals for Dealing with a Changing World Order (Ray Dalio) was eye-opening for me. Good macro perspective from a legend investor. Spoiler alert-it’s also available as a long-form video on YT! Grit (Angela Duckworth), Mindset (Carolyn Dweck?), and Can’t Break Me (David Goggins) all provide a good checkup from the neck up for anyone trying to become a better man or woman. Looking forward to the next vid 👍🏾
I have to stop watching videos that tell me stop caring about what others think. I actually started to believe it until I realized that people actually care so much they want to hurt me.
I WOULD THINK THAT YOU CAN BE RICH BY THESE TWO WAYS: 1. THE IDEAL ONE: Being rich needs perseverance, hardwork and diving into certain risk. 2. THE LUCKY ONE: Inherited wealth or Winning a million dollar lotto❤
Be happy saving what you can and be happy. Chasing money is for the birds some people have a talent. Football player tennis player golf player you need lucky and know how to be successful. Why isn't bank managers wealthy. They know about money. Same as those working in the stock market save small let your money grow
I see where you are coming from! The market has been quite weak lately. Once you take into account market crashes and recessions in a 30 year period the average yearly return is around 8-10%. The market is volatile. Some years you might have a 20% return and other years you might have a loss but once we look at the market in decades we begin to see the average growth of the market over the years. How to navigate retirement during these years is a topic for the next video 😉
This is the definition the book has. Every entrepreneur seems to have their own definition that best serves their goals. Have you noticed that many rich people have their own definition of certain words? Is very interesting to see
@@TheBetterMenProject stocks are chips in the casino. The house gets your cash, you get a belief that you can win. Its utter nonsense hence the relentless sales and endorsement pitches 24/7 that stem from the stock market. As an investor/player you will lose. As a seller/prof bullshitter you will get the investors money in exchange for your chips. Anything truly worth DIRECTLY investing in...does not require the marketing stocks do. Think of value and create it for others, its byproduct is wealth. Stocks are addictive and fun, over complicated and filled with traps ...its a game and nothing more. Now to answer your question... "If you've got something thats worth something... never give it away for free" .
@@XRP999 loverboy as much as you want it to be bs, its far easier to fool someone than it is to convince them they have been fooled so I wont waste my time. Enjoy living with mom n dad into your 40s. There's always suicide to look forward to when life hits that acme where even your right hand rejects your sexual advances 😘.
1. Don't ignore chance.
2. Being rich vs Being wealth.
3. Money buys control over time.
4. When it is enough.
5. Turn Saving money into habit.
6. Psychology of compounding interest.
7. Plan for things go wrong.
In this day and age, it is very important to know about wealth and how to maintain it. Understanding wealth is just as important as understanding your finances.
Too often people only think of money when they hear the word "wealth." This can lead to a whole host of misunderstandings. For example, someone might believe that they are wealthy because they have a high paying job and live in an expensive home. But just because you earn a lot of money doesn't mean you have enough saved for retirement or other emergencies.
I really want to read this book... Seams like a great smart read for personal finance lovers
It is a very good book. It definitely has a different take in investing that many other books
@@TheBetterMenProject ill keep an eye out for it!
Quality summary of the book (which I’ve read multiple times). Subbed!
Thank you! Are there any books that you would recommend?
@@TheBetterMenProject not sure if you’ve done this one already, but Principals for Dealing with a Changing World Order (Ray Dalio) was eye-opening for me. Good macro perspective from a legend investor. Spoiler alert-it’s also available as a long-form video on YT! Grit (Angela Duckworth), Mindset (Carolyn Dweck?), and Can’t Break Me (David Goggins) all provide a good checkup from the neck up for anyone trying to become a better man or woman. Looking forward to the next vid 👍🏾
That’s great! Yes those are great books and well definitely be working on those soon
This is one of the best financial videos on TH-cam. Thank you
Glad you enjoyed the video!
This video is example helpful, Thank you for sharing.
Happy to hear that! Thank you for watching
money gives you more power over the unwealthy
This is one of the best.
This you!
Good advise to every one
It is a great book 👍🏻
Very absorbing video.
Thank you. 👍
Thank you very much!
Gotta read this
It is a great book. Highly recommend it. Have you read the Inteligent Investor? Also a great one
Awesome Book. Must Have it :)
It is a great book. Highly recommend it
@@TheBetterMenProject Thank You!
Good one bro!!!! We need wealthy barbar book review
That’s a great idea! We’ll get to it!
Yep.
I recommend a pop filter or compression for your audio...it will help out with your hissing Ss
We’ll work on that! Thank you
Great video,very informative, thank you.
Thank you for watching Martin!
Great video!
Thank you Cristian 😊
I have to stop watching videos that tell me stop caring about what others think. I actually started to believe it until I realized that people actually care so much they want to hurt me.
because people is angry
I feel freedom
I WOULD THINK THAT YOU CAN BE RICH BY THESE TWO WAYS:
1. THE IDEAL ONE:
Being rich needs perseverance, hardwork and diving into certain risk.
2. THE LUCKY ONE:
Inherited wealth or Winning a million dollar lotto❤
There is definitely some truth in this comment
Be happy saving what you can and be happy. Chasing money is for the birds some people have a talent. Football player tennis player golf player you need lucky and know how to be successful. Why isn't bank managers wealthy. They know about money. Same as those working in the stock market save small let your money grow
Iam be Green
10% ROI? Have you been around for the past few years?
I see where you are coming from! The market has been quite weak lately.
Once you take into account market crashes and recessions in a 30 year period the average yearly return is around 8-10%.
The market is volatile. Some years you might have a 20% return and other years you might have a loss but once we look at the market in decades we begin to see the average growth of the market over the years.
How to navigate retirement during these years is a topic for the next video 😉
@@TheBetterMenProject Thanks! I hope the market does take an upwards turn eventually
love your stuff bro, keep good work, respect! ❤
Thank you. I appreciate your comment!
We have a lot more coming soon!
Good video. But quite a turn off when you say "dont confuse wealthy and rich".. i get what you are saying, but have you checked a dictionary?
This is the definition the book has. Every entrepreneur seems to have their own definition that best serves their goals.
Have you noticed that many rich people have their own definition of certain words? Is very interesting to see
YOUR S’s HURT MY EARS
We are working on softening those “s” sounds for the next videos. Thanks for letting us know!
Stocks stocks and more stocks hahaha. Gambling oh ffs stocks =theft from stupid people by smart people
What are other methods you prefer to create wealth?
@@TheBetterMenProject stocks are chips in the casino. The house gets your cash, you get a belief that you can win. Its utter nonsense hence the relentless sales and endorsement pitches 24/7 that stem from the stock market. As an investor/player you will lose. As a seller/prof bullshitter you will get the investors money in exchange for your chips. Anything truly worth DIRECTLY investing in...does not require the marketing stocks do. Think of value and create it for others, its byproduct is wealth. Stocks are addictive and fun, over complicated and filled with traps ...its a game and nothing more. Now to answer your question... "If you've got something thats worth something... never give it away for free" .
@@captainplanet1260 captain bs
@@XRP999 loverboy as much as you want it to be bs, its far easier to fool someone than it is to convince them they have been fooled so I wont waste my time. Enjoy living with mom n dad into your 40s. There's always suicide to look forward to when life hits that acme where even your right hand rejects your sexual advances 😘.
I’m gonna be a millionaire by 23. Glory to my Heavenly Father 🫶💗⭐️
Rooting for you!
Success stories all usually full of it anyway