It is gone, we lived through the zenith of our time. These bourgeoisie individuals in tandem with the corrupt govt. will take down this country like what happened to Rome. My condolences to anyone approaching retirement, you may have concerns over whether your pension pot will stretch to cover the rising cost of living, bad regulatory policies, bad energy policies and insane fiscal policies
I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, we are finding it impossible to replace it. We can get by, but cant seem to get ahead. My condolences to anyone retiring in this crisis, 30years nonstop just for a crooked system to take all you worked for
@@lucasanthony5648I feel your pain mate, as a fellow retiree I'd suggest you look into trading services and investing and learn some more. For me, had my share of ups and downs when I first started looking for a consistent passive income so I hired an expert advisor-JOFFREY ADAM SMITH-for aid, and following him advice.
@@lucasanthony5648Joffrey Adam Smith is a portfolio manager and investment advisor. Joffrey Adam Smith has demonstrated expertise in investment strategies and has been involved in managing portfolios and providing guidance to clients.
@@annemoore4461From being financially empty-handed to dedicating months of hard work delivering for Uber eats, I managed to accumulate approximately $20k, which I then invested with Joffrey Adam Smith. Currently, my investment has grown to $128k, and I couldn't be more delighted that you've brought him up in this conversation
Statically not violating these 4 rules insures a minimum middle class life is: 1) graduate high school 2) don’t have children out of wedlock 3) don’t take out massive debt for a degree with a poor ROI 4) do not commit a crime Most people living paycheck to paycheck or in poverty violated at least one of these rules.
I'm a criminal legally. Uncle did a hit n run with my car and it came back to me when someone took the plates. I violated no crime and am still being punished for it
1) Read The Richest Man of Babylon. 2) Invest at least 10% of your money and increase with raises. 3) Don’t overextend yourself financially and take responsibility for your own standing in life!
All be it different schools, and in the 70's. Wife and I both read the book in high school economics. We still give copies to family and friends that are graduating high school.
I love "The Richest Man in Babylon"! This is my favorite scene: Arkad is telling his friends about a conversation he had with Algamish. “Then [Algamish] looked at me shrewdly from under his shaggy brows and said in a low, forceful tone ‘I found the road to wealth when I decided that *a part of all I earned was mine to keep.* And so will you.’ “Then he continued to look at me with a glance that I could feel pierce me but said no more. “‘Is that all?’ I asked. “‘That was sufficient to change the heart of a sheep herder into the heart of a money lender,’ he replied. “‘But *all* I earn is mine to keep, is it not?’ I demanded. “‘Far from it,’ he replied. ‘Do you not pay the garment-maker? Do you not pay the sandal-maker? Do you not pay for the things you eat? Can you live in Babylon without spending? What have you to show for your earnings for the past month? What for the past year? Fool! You pay to everyone but yourself. Dullard, you labor for others. As well be a slave and work for what your master gives you to eat and wear….’”
@@YourFrienjamin Thank you for sharing this information! I even found a version with timestamps for each chapter: th-cam.com/video/8ZTJsYuAsNc/w-d-xo.html When I first read the book in the mid-1980s, I was already familiar with the chapter "The Richest Man in Babylon." Perhaps the next-most impactful chapter is very short: "The Walls of Babylon." As I read it, I was unsuspected drawn in, when *WHAM!* I was hit right between the eyes at the very end. I had not seen the point of the chapter coming.
I'm financially independent and I retired early. I *WISH* I could say it was because I was _special_ in some way - maybe an entrepreneur with a magical idea/product, a supreme hustler, or a genius investor. In reality my biggest "genius" moves were 1) Not getting addicted to crack or meth, and 2) Saving a my money, piling it into stocks and Index Funds and waiting. And in truth, despite some great stock picks, I would be better off if I'd just stuck to Index Funds. Indeed, I'd probably be three times as rich if I hadn't frittered so much money away over the years like moron. I look down on a lot of poors that complain not as a "superior" rich guy, but a rich guy that's actually as dumb - and in some ways dumber - than they are.
"The rich get richer" is only half of the math. When you move from paying to use other people's money to people paying to use your money, it's like shifting the car from R to D. That said, it's certainly hard out there for low-wage workers. In real terms, the minimum wage is at its lowest level in more than 70 years. This makes it so that even the most frugal low-wage worker will have difficulty saving any money. It's like trying to bail water out of a boat with a bucket while someone with a bigger bucket is bailing water _into_ the boat.
Hey Chris…. 40yo 🇦🇺 here….. ur stuff is awesome.. most of what you say isn’t foreign to me, but it is to the vast majority. I appreciate the fact you make it so easy to get “the message” through to my kids with your simplicity and engaging animations. I send my kids to school because I HAVE to… but …I make them watch ur content because I CHOSE to… I educate my children about finances , albeit, against their will, but they will realise it with maturity and will be the lucky ones to say “gee, I’m so glad dad told us about all this stuff , why didn’t they teach us this at school?” Thank you and keep up the great work 🙏
Understanding personal finances and investing will most likely lead to greater financial independence. By being knowledgeable about money and investing, individuals can make informed decisions about how to save, spend, and invest their money. A trader made over $350k in this recession influenced market.
Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k just in a matter of weeks/couple months, so I think there are alot of wealth transfer in this downtime if you know where to look.
The best course of action if you lack market knowledge is to ask a consultant or investing coach for guidance or assistance. Speaking with a consultant helped me stay afloat in the market and grow my portfolio to about 65% since January, even though I know it sounds obvious or generic. I believe that is the most effective way to enter the business at the moment.
My advisor is Stephanie Kopp Meeks highly qualified and experienced in the financial market. She has extensive knowledge of portfolio diversity and is considered an expert in the field. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
I am going to look her up, I have about $81k i want to start with, might be small but it's better than nothing though. Since the 08 crash is playing out again.
I delayed going to college and worked full time to get money for investment. In 1984 I invested $18,000 in the stock market. With the growth of the s/p 500 that investment is now worth $ million. The most important thing is to invest early while you are young and healthy.
"Ninety percent of the game is half mental." -- Yogi Berra. The road to financial freedom starts with a decision. As an example, if you want to have $2 million in terms of today's dollars in IRA investments by your 60th birthday, that money is not going to magically appear. You must first decide that you want it and that you are going to make it happen. There is also one capability that you must have: You must be able to live below your means so that you will have money available to invest. All the information that you need can be learned. For example, you must have a basic understanding of the stock market, i.e., *on average, over long periods of time,* stocks will outperform other investments. It would be very helpful if you knew what average rate of return and average inflation rate could be reasonably assumed, and how to make time value of money (TVM) calculations, so that you can create a plan for how much money you will put away over what period of time to reach the goal that you have chosen by the date that you have chosen. (You may find that you must change the date and/or amount in your plan if you learn that your goal is unrealistic.) There is lots of other information that will be helpful, but it also can all be learned. There are also free and low-cost tools that can help you. Knowledge and tools are useless however, unless you decide that you are going to make the two sacrifices of doing a little bit of work in self-education, planning, and management, and of having less spending money today, in order to achieve financial freedom.
One huge disagreement here. The typical C student doesn't put in the effort, doesn't see things thru, and uses the excuse that someone rich did it this way, so that's their plan too.
If C is considered average, many put in a lot of effort but still only get C grades. People that put in a lot of effort may lack the particular narrow requirements to succeed academically but that doesn’t mean they cannot succeed in other areas. I see your point though, some do use it as an excuse and don’t apply themselves with enough effort academically.
@@ChrisInvests yes, it’s been proven the author is nothing more than grifter. There’s plenty of videos and podcasts on it. This is well known. Shocked you are not aware of this.
There is no such thing as a self-made millionaire. Being born in a wealthy country with more opportunities than developing countries is very much LUCK!
@BrunswickDrunkard Actually a good deal of it is LUCK (and also hard work, persistence, etc). My ancestors DID build a functioning society and that is part of my luck (and yours too). Perhaps you should learn more about how economics work and less time in the bottle.
@BrunswickDrunkard Wow, are you really this dense? At what point did I say the US rose due to luck? It took a lot of hard work and dedication to get to this point. I'm saying that you and I are lucky because we are benefiting from our ancestors work to provide a working economic system. Perhaps you need a refresher course in basic English comprehension??
luck is a learned skill and a mentality, resources and opportunities are always there but it is up to the individual to capitalize on those things. There is no success without sacrifice, if you refuse to risk what you have to earn what you want you won't make progress and you will not "get lucky" you need to take risks and be smart about your decisions for the future.
@@dc76384 Luck has a lot to do with it in all cases(eg you didn't control where you were born). Stop with your stupidity. Stating facts has nothing to do with jealousy. Should I also be jealous that 2+2 = 4??
You don't need skills or capital and you don't need to start a business. Open a brokerage account on line. There are 1000's of businesses there you can choose to be a part owner in by buying their stock shares. Find a company you believe in and start buying stock. That's all there is to it.
@LilT2o00 You don't need anymore "capital" to buy stocks than you need "capital" to buy fast food, clothes, vacations, over priced cars, over priced cell phones etc. If you are not homeless then you can find the "capital" to invest.
But most actors and singers are not rich, and make less than an average doctor or professor. You can look up average wages to confirm that, and realize that anyone who does that work professionally and full time is a lucky outlier to be officially employed as an actor instead of a barista or something (which is how many aspiring entertainers are actually employed). Most C students don't become successful business owners or famous celebrities; they become mediocre worker drones.
I know more rich actors and singers than rich people with phd and who are Professors. So yes maybe the averag3 phd or Professor earns more than the average actor singer, but if we look at the people who are rich, we will see that there are more singers and actors under rich people than phds or Professors under rich people
@@heroldjaras9909 "Most rich people are actors/singers" and "I know more rich actors and singers than rich people with phd and who are Professors" are two completely different statements. The first statement is a blanket assertion about the majority profession of the entirety of rich people, and implies that you know or have surveyed all the rich people and determined what they all do for a living. As stated, it is patently and comically false. The second statement specifically limits the group of subjects to only people you know, and asserts only the relative distribution of jobs among them, e.g., you could know only four rich people total, two of whom are singers, one of whom is a professor, and one of whom is an auto mechanic, and your second statement would still be true despite illuminating essentially nothing about rich people generally. One wonders why you chose to make the first statement when you meant the second, and how anything other than intellectual laziness caused you to mix up the two. You should think more about what you mean before you say something. I've given your posts more attention than you have gave in writing them. This not a prescription for having your views respected.
Only Wixpool offers good returns from investments in DEX platforms on reliable networks like Bitcoin. And I dont see the point of working with risky assets...
this is extremely inaccurate, I don't have money to invest, I don't have money to start a side hustle, I don't have money to go to college, I'm in a third world country were students loans don't even exist
Strong institutions in a free society are essential to create conditions for a free market to thrive. You have two options, work toward creating strong, independent institutions in your country or move to a country that fosters the conditions that make it possible to build wealth. Good luck.
![🎤 ไปกันต่อออ! จับฉลากร้องเพลง x P’ #XXSIVK [EP.2] (1/2) เพลงของใครจึ้งสุดน้าา 💓🎤 #MXFRUIT](http://i.ytimg.com/vi/mLI_K0sAS4o/mqdefault.jpg)
It is gone, we lived through the zenith of our time.
These bourgeoisie individuals in tandem with the corrupt govt. will take down this country like what happened to Rome. My condolences to anyone approaching retirement, you may have concerns over whether your pension pot will stretch to cover the rising cost of living, bad regulatory policies, bad energy policies and insane fiscal policies
I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, we are finding it impossible to replace it. We can get by, but cant seem to get ahead. My condolences to anyone retiring in this crisis, 30years nonstop just for a crooked system to take all you worked for
@@lucasanthony5648I feel your pain mate, as a fellow retiree I'd suggest you look into trading services and investing and learn some more. For me, had my share of ups and downs when I first started looking for a consistent passive income so I hired an expert advisor-JOFFREY ADAM SMITH-for aid, and following him advice.
@@lucasanthony5648Joffrey Adam Smith is a portfolio manager and investment advisor.
Joffrey Adam Smith has demonstrated expertise in investment strategies and has been involved in managing portfolios and providing guidance to clients.
@@lucasanthony5648a search on google with the keywords "JOFFREY ADAM SMITH" should get you what you need
@@annemoore4461From being financially empty-handed to dedicating months of hard work delivering for Uber eats, I managed to accumulate approximately $20k, which I then invested with Joffrey Adam Smith. Currently, my investment has grown to $128k, and I couldn't be more delighted that you've brought him up in this conversation
Statically not violating these 4 rules insures a minimum middle class life is:
1) graduate high school
2) don’t have children out of wedlock
3) don’t take out massive debt for a degree with a poor ROI
4) do not commit a crime
Most people living paycheck to paycheck or in poverty violated at least one of these rules.
I'm a criminal legally. Uncle did a hit n run with my car and it came back to me when someone took the plates. I violated no crime and am still being punished for it
i would add "Take and work any job"
Single mom here making 6 figures 😅 not like that means anything these days lol
True story
@@LilT2o00 Your uncle sucks for letting you take the punishment that was meant for him. Every family member has their shitty black sheep.
1) Read The Richest Man of Babylon.
2) Invest at least 10% of your money and increase with raises.
3) Don’t overextend yourself financially and take responsibility for your own standing in life!
A wonderful book... the foundation of financial knowledge
All be it different schools, and in the 70's. Wife and I both read the book in high school economics. We still give copies to family and friends that are graduating high school.
I love "The Richest Man in Babylon"! This is my favorite scene:
Arkad is telling his friends about a conversation he had with Algamish.
“Then [Algamish] looked at me shrewdly from under his shaggy brows and said in a low, forceful tone ‘I found the road to wealth when I decided that *a part of all I earned was mine to keep.* And so will you.’
“Then he continued to look at me with a glance that I could feel pierce me but said no more.
“‘Is that all?’ I asked.
“‘That was sufficient to change the heart of a sheep herder into the heart of a money lender,’ he replied.
“‘But *all* I earn is mine to keep, is it not?’ I demanded.
“‘Far from it,’ he replied. ‘Do you not pay the garment-maker? Do you not pay the sandal-maker? Do you not pay for the things you eat? Can you live in Babylon without spending? What have you to show for your earnings for the past month? What for the past year? Fool! You pay to everyone but yourself. Dullard, you labor for others. As well be a slave and work for what your master gives you to eat and wear….’”
It has a free audiobook on TH-cam
@@YourFrienjamin Thank you for sharing this information! I even found a version with timestamps for each chapter:
th-cam.com/video/8ZTJsYuAsNc/w-d-xo.html
When I first read the book in the mid-1980s, I was already familiar with the chapter "The Richest Man in Babylon." Perhaps the next-most impactful chapter is very short: "The Walls of Babylon." As I read it, I was unsuspected drawn in, when *WHAM!* I was hit right between the eyes at the very end. I had not seen the point of the chapter coming.
I'm financially independent and I retired early. I *WISH* I could say it was because I was _special_ in some way - maybe an entrepreneur with a magical idea/product, a supreme hustler, or a genius investor. In reality my biggest "genius" moves were 1) Not getting addicted to crack or meth, and 2) Saving a my money, piling it into stocks and Index Funds and waiting. And in truth, despite some great stock picks, I would be better off if I'd just stuck to Index Funds. Indeed, I'd probably be three times as rich if I hadn't frittered so much money away over the years like moron.
I look down on a lot of poors that complain not as a "superior" rich guy, but a rich guy that's actually as dumb - and in some ways dumber - than they are.
Sacrafice and delayed gratification.. thats the secret..
"The rich get richer" is only half of the math. When you move from paying to use other people's money to people paying to use your money, it's like shifting the car from R to D.
That said, it's certainly hard out there for low-wage workers. In real terms, the minimum wage is at its lowest level in more than 70 years. This makes it so that even the most frugal low-wage worker will have difficulty saving any money. It's like trying to bail water out of a boat with a bucket while someone with a bigger bucket is bailing water _into_ the boat.
Hey Chris…. 40yo 🇦🇺 here….. ur stuff is awesome.. most of what you say isn’t foreign to me, but it is to the vast majority.
I appreciate the fact you make it so easy to get “the message” through to my kids with your simplicity and engaging animations.
I send my kids to school because I HAVE to… but …I make them watch ur content because I CHOSE to… I educate my children about finances , albeit, against their will, but they will realise it with maturity and will be the lucky ones to say “gee, I’m so glad dad told us about all this stuff , why didn’t they teach us this at school?”
Thank you and keep up the great work 🙏
Great, it sounds like you're starting them on the right path! I appreciate the comment and thanks for watching 👍
Don't think in monthly payments. Notice how car commercials don't list the actual price anymore? Resist FOMO.
That’s true, I have noticed that. Haven’t seen a real car price on tv in 20 years.
Good point
Understanding personal finances and investing will most likely lead to greater financial independence. By being knowledgeable about money and investing, individuals can make informed decisions about how to save, spend, and invest their money. A trader made over $350k in this recession influenced market.
Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k just in a matter of weeks/couple months, so I think there are alot of wealth transfer in this downtime if you know where to look.
The best course of action if you lack market knowledge is to ask a consultant or investing coach for guidance or assistance. Speaking with a consultant helped me stay afloat in the market and grow my portfolio to about 65% since January, even though I know it sounds obvious or generic. I believe that is the most effective way to enter the business at the moment.
Please who is the consultant that assist you with your investment and if you don't mind, how do I get in touch with this person.
My advisor is Stephanie Kopp Meeks highly qualified and experienced in the financial market. She has extensive knowledge of portfolio diversity and is considered an expert in the field. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
I am going to look her up, I have about $81k i want to start with, might be small but it's better than nothing though. Since the 08 crash is playing out again.
BEST MONEY CHANNEL ON TH-cam 👌👍
Some other channels are more about bragging than teaching.
Glad you enjoy it! Thanks for watching 😄
I delayed going to college and worked full time to get money for investment. In 1984 I invested $18,000 in the stock market. With the growth of the s/p 500 that investment is now worth $ million. The most important thing is to invest early while you are young and healthy.
"Ninety percent of the game is half mental." -- Yogi Berra.
The road to financial freedom starts with a decision. As an example, if you want to have $2 million in terms of today's dollars in IRA investments by your 60th birthday, that money is not going to magically appear. You must first decide that you want it and that you are going to make it happen. There is also one capability that you must have: You must be able to live below your means so that you will have money available to invest. All the information that you need can be learned. For example, you must have a basic understanding of the stock market, i.e., *on average, over long periods of time,* stocks will outperform other investments. It would be very helpful if you knew what average rate of return and average inflation rate could be reasonably assumed, and how to make time value of money (TVM) calculations, so that you can create a plan for how much money you will put away over what period of time to reach the goal that you have chosen by the date that you have chosen. (You may find that you must change the date and/or amount in your plan if you learn that your goal is unrealistic.) There is lots of other information that will be helpful, but it also can all be learned. There are also free and low-cost tools that can help you. Knowledge and tools are useless however, unless you decide that you are going to make the two sacrifices of doing a little bit of work in self-education, planning, and management, and of having less spending money today, in order to achieve financial freedom.
Those who inherit their wealth tend to not develop the skills to keep it.
Once again, a great one Chris. I can definitely see some crisp in your voice quality. What mic do you use to record?
Thanks, I use a blue snowball!
One huge disagreement here. The typical C student doesn't put in the effort, doesn't see things thru, and uses the excuse that someone rich did it this way, so that's their plan too.
If C is considered average, many put in a lot of effort but still only get C grades. People that put in a lot of effort may lack the particular narrow requirements to succeed academically but that doesn’t mean they cannot succeed in other areas. I see your point though, some do use it as an excuse and don’t apply themselves with enough effort academically.
You left out "and B students work for the government."
I went from last year making $30 or $50 a month to make just shy of $400 a month! This year with investments.
wow awesome moreeee pls
It's not how much you make it's what you do with it
Hello dear
Looking for a professional youtube thumbnail designer
The Rich Dad, Poor Dad book is a scam. Kinda disappointed you used that as a reference. Pretty much loses all credibility in this video.
a scam?
@@ChrisInvests yes, it’s been proven the author is nothing more than grifter. There’s plenty of videos and podcasts on it. This is well known. Shocked you are not aware of this.
There is no such thing as a self-made millionaire. Being born in a wealthy country with more opportunities than developing countries is very much LUCK!
@BrunswickDrunkard Actually a good deal of it is LUCK (and also hard work, persistence, etc). My ancestors DID build a functioning society and that is part of my luck (and yours too). Perhaps you should learn more about how economics work and less time in the bottle.
@BrunswickDrunkard Wow, are you really this dense? At what point did I say the US rose due to luck? It took a lot of hard work and dedication to get to this point. I'm saying that you and I are lucky because we are benefiting from our ancestors work to provide a working economic system. Perhaps you need a refresher course in basic English comprehension??
luck is a learned skill and a mentality, resources and opportunities are always there but it is up to the individual to capitalize on those things. There is no success without sacrifice, if you refuse to risk what you have to earn what you want you won't make progress and you will not "get lucky" you need to take risks and be smart about your decisions for the future.
Luck has nothing to do with it in most cases. Stop with your jealousy.
@@dc76384 Luck has a lot to do with it in all cases(eg you didn't control where you were born). Stop with your stupidity.
Stating facts has nothing to do with jealousy. Should I also be jealous that 2+2 = 4??
I don't have the skills or capital to ever start a business.
Skills can be learned, capital can be earned.
Simplest way for you to proceed is to learn a new skill.
You don't need skills or capital and you don't need to start a business.
Open a brokerage account on line. There are 1000's of businesses there you can choose to be a part owner in by buying their stock shares.
Find a company you believe in and start buying stock. That's all there is to it.
@@TomScott__ need capital to buy stocks.
@LilT2o00 You don't need anymore "capital" to buy stocks than you need "capital" to buy fast food, clothes, vacations, over priced cars, over priced cell phones etc.
If you are not homeless then you can find the "capital" to invest.
Now that's not true.
5:17 thats true. most rich people are actors/singers. and not people who have a phd/professors at universities.
But most actors and singers are not rich, and make less than an average doctor or professor. You can look up average wages to confirm that, and realize that anyone who does that work professionally and full time is a lucky outlier to be officially employed as an actor instead of a barista or something (which is how many aspiring entertainers are actually employed).
Most C students don't become successful business owners or famous celebrities; they become mediocre worker drones.
_"most rich people are actors/singers."_
LOL wut🤨
I know more rich actors and singers than rich people with phd and who are Professors. So yes maybe the averag3 phd or Professor earns more than the average actor singer, but if we look at the people who are rich, we will see that there are more singers and actors under rich people than phds or Professors under rich people
@@heroldjaras9909 "Most rich people are actors/singers" and "I know more rich actors and singers than rich people with phd and who are Professors" are two completely different statements. The first statement is a blanket assertion about the majority profession of the entirety of rich people, and implies that you know or have surveyed all the rich people and determined what they all do for a living. As stated, it is patently and comically false.
The second statement specifically limits the group of subjects to only people you know, and asserts only the relative distribution of jobs among them, e.g., you could know only four rich people total, two of whom are singers, one of whom is a professor, and one of whom is an auto mechanic, and your second statement would still be true despite illuminating essentially nothing about rich people generally.
One wonders why you chose to make the first statement when you meant the second, and how anything other than intellectual laziness caused you to mix up the two.
You should think more about what you mean before you say something. I've given your posts more attention than you have gave in writing them. This not a prescription for having your views respected.
Only Wixpool offers good returns from investments in DEX platforms on reliable networks like Bitcoin. And I dont see the point of working with risky assets...
this is extremely inaccurate, I don't have money to invest, I don't have money to start a side hustle, I don't have money to go to college, I'm in a third world country were students loans don't even exist
That's because it's Capitalist cope. Honestly this video felt very phoned in. I wouldn't be surprised if this was ai generated.
move
@@alephNull_😂😂 It takes money to move places and that's assuming the place you want to move to allows immigrants
I guess the prerequisite for this video is being in a first world country, where a person has access to these opportunities
Strong institutions in a free society are essential to create conditions for a free market to thrive. You have two options, work toward creating strong, independent institutions in your country or move to a country that fosters the conditions that make it possible to build wealth. Good luck.