Excellent video. One of my college instructors told me to buy this book back in 2004. This book changed my life completely. I am now the title of this book. I can be done. Don’t listen to the negative people in the comments. They’ll never get there and bring you down.
I'm a retired Army office, now teacher. When I enlisted in the Army I invested $65 a month. I have always saved, because my family taught me to do so. I drive a car for 10+ years, and have an old Jeep thats my main vehicle. I don't hire people to do anything I can do myself. My wife stays at home, my daughter scholarshipped through Nursing School, and my son is in the 8th grade. I'm about to retire again for good and we are financially set. Its about disciple and a plan. Teach your kids to save and invest - and theres a difference in the two.
Thanks for the Video clip! Sorry for butting in, I am interested in your opinion. Have you researched - Schallingora Brain Reconstruction Scheme (Sure I saw it on Google)? It is a smashing one off product for learning how to acquire the mind of a millionaire without the hard work. Ive heard some super things about it and my close friend Aubrey at last got amazing success with it.
@Annie Buddyhome . I don't know any misers. I have never sacrifice anything I wanted to do, nor denied my kids anything they wanted. I started young, invested a little steadily, and didn't waist money on stupid stuff. I don't like Starbucks, but I buy expensive coffee at home. Its about being smart with your money over the long run.
@@marilynking527 Not at all. I started an aggressive growth mutual fund. It was the USAA Aggressive Growth, but you have to be military-affiliated. My daughter just started with the American Century Ultra Fund. There are a bunch of good funds out there. I would find an aggressive growth fund and pay into it monthly. You can start with as little as $50 a month. I also recommend always investing "found" money. The money you don't count on for your monthly living expenses; Tax return, rebates, gift money, stimulus checks. If you don't need it for the day to day invest it. In a short time, you will see how fast it adds up and you will want to invest more. Good luck, and thanks for asking. That's how it starts!
How we do it? It's easy: 1. Make as much money as you can. 2. Live as far below your means as possible. 3. Invest the rest into assets that appreciate over time.
Great summary, one of the best I’ve seen. I barely broke into the millionaire next door club this year thanks the equity on my properties. First in my family. It can be done!
most books preach this but fail to explain you also have to use your time to make more money and not just become a little saving bug your whole life. example: go start a business in addition to your job to accelerate your saving goals.
excellent video and great grace voice!! my grandpa voice: Taught many years to live with idea (john wooden) "i have enough and pay forward" Basically i investment as giving me "control of time, options, and daily needs," thanks for such a pristine wealth , i read this book once year to remind me frugal and budget all my resources, charity,hope and faith
It’s a neat concept of judging one lifestyle over another. The true moral is live life how you decide to live and not be persuaded to live the life someone else wants you to live.
Hello Roxy,I just came across this video this morning. Thanks for putting this out also do you put things up on social media and how do we find you if you do? Thank you.
Defensive strategy works best for me. Living below your means and living life with meaning is virtuous. When you finally reach you financial goal, you'll have the wisdom to make the best of your nest egg.
U made an very good book summary. U pointed out the Main Idea from the book. But if I can suggest you for improvement. Please also wrote down the other main point too. Example: U wrote "$60.000/year" But u didn't wrote "$30.000/year" => u only said it. That's it my suggestions. Wish you luck.
Go do it then😂 it's a good philosophy but the rich have the means and financial institutions to buy those assets whereas the middle class live in a system that pays the rich :P
@@justinacase2623 "They did it with no help." That's the only thing wrong with your statement because I was referring to the ultra rich. Those with multinational corporations
@@justinacase2623 You're making two different arguments. First you said they did it by themselves which isn't true, and now you're saying they started with little money which isn't necessarily true either. You take Jeff Bezos for example who was given $300,000 by his parents to start Amazon in 1995 ($512,000 in today's currency). Mark Zuckerberg's father told him either he will purchase a McDonald's franchise for him to run ($2 million up front investment), or he goes to university. Elon Musk's father was an electromechanical engineer and property developer, so you know he was well off. Bill Gates' mother was on the board of IBM, his father was a respected lawyer, his grandfather was a banker and his great grandfather was the president of the national city bank in Seattle, so he also had means. Richard Branson's father was a multimillionaire and chief Justice on the Supreme Court. Not only do most of these people have a background of wealth, they also needed to leverage people (connections) to reach where they are. You can't do it alone
Become a millionaire: write another stupid book on millionaires. All fail to conveniently mention that the term US millionaire has been around a long time. Meanwhile the USD has inflated a lot. So an equvivalent "millionaire" in 2022 would have to make >100 million. And that is still hard. Making a 2022 USD Million is not BUT to be fair. Technology and industrialization also means you get much more for your buck.
why would you save money when money is decreasing in value take a look at what has happened to the value of savers' saving: In 1970 $1 million in saving at 15% interest = $150,000 a year. In 2017, $1 million in saving x 1.5% interest = 15,000 a year Today, even a millionaire cannot live on %15,000 a year for anyone who has read this comment my advice for ya'll is to read rich dad poor dad that is financial education.
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Excellent video. One of my college instructors told me to buy this book back in 2004. This book changed my life completely. I am now the title of this book. I can be done. Don’t listen to the negative people in the comments. They’ll never get there and bring you down.
Have you read the Millionaire Mind by Thomas Stanley. Its even more simplified and they interview even more millionaires and an updated survey
@@victorgarcia4145 Yes, I read it
I'm a retired Army office, now teacher. When I enlisted in the Army I invested $65 a month. I have always saved, because my family taught me to do so. I drive a car for 10+ years, and have an old Jeep thats my main vehicle. I don't hire people to do anything I can do myself. My wife stays at home, my daughter scholarshipped through Nursing School, and my son is in the 8th grade. I'm about to retire again for good and we are financially set. Its about disciple and a plan. Teach your kids to save and invest - and theres a difference in the two.
Thanks for the Video clip! Sorry for butting in, I am interested in your opinion. Have you researched - Schallingora Brain Reconstruction Scheme (Sure I saw it on Google)? It is a smashing one off product for learning how to acquire the mind of a millionaire without the hard work. Ive heard some super things about it and my close friend Aubrey at last got amazing success with it.
@Annie Buddyhome . I don't know any misers. I have never sacrifice anything I wanted to do, nor denied my kids anything they wanted. I started young, invested a little steadily, and didn't waist money on stupid stuff. I don't like Starbucks, but I buy expensive coffee at home. Its about being smart with your money over the long run.
@Annie Buddyhome . investor, miser has a negative connotation. No one in my family is a miser, but they are in good financial shape.
If you don’t mind me asking what did you invest $65 a month to?
@@marilynking527 Not at all. I started an aggressive growth mutual fund. It was the USAA Aggressive Growth, but you have to be military-affiliated. My daughter just started with the American Century Ultra Fund. There are a bunch of good funds out there. I would find an aggressive growth fund and pay into it monthly. You can start with as little as $50 a month. I also recommend always investing "found" money. The money you don't count on for your monthly living expenses; Tax return, rebates, gift money, stimulus checks. If you don't need it for the day to day invest it. In a short time, you will see how fast it adds up and you will want to invest more. Good luck, and thanks for asking. That's how it starts!
How we do it? It's easy:
1. Make as much money as you can.
2. Live as far below your means as possible.
3. Invest the rest into assets that appreciate over time.
and politely ignore a lot of fools.
Great summary, one of the best I’ve seen. I barely broke into the millionaire next door club this year thanks the equity on my properties. First in my family. It can be done!
most books preach this but fail to explain you also have to use your time to make more money and not just become a little saving bug your whole life. example: go start a business in addition to your job to accelerate your saving goals.
Reading this books was like a confirmation into my beliefs about life and success. I’ve been following the steps ever since i was 17
excellent video and great grace voice!! my grandpa voice: Taught many years to live with idea (john wooden) "i have enough and pay forward" Basically i investment as giving me "control of time, options, and daily needs," thanks for such a pristine wealth , i read this book once year to remind me frugal and budget all my resources, charity,hope and faith
Don’t acquire debt. That’s another huge aspect of becoming well off financially. Strive to be debt free.
Study leveraging debt and you can build generational wealth. Learn about Real Estate depreciation to save a fortune in taxes.
Thank You
I've lived in same home for 30years. I'm the classic "millionaire next door" but know this.., boundaries have consequences...
It’s a neat concept of judging one lifestyle over another. The true moral is live life how you decide to live and not be persuaded to live the life someone else wants you to live.
just don't bankrupt your family
Hello Roxy,I just came across this video this morning. Thanks for putting this out also do you put things up on social media and how do we find you if you do?
Thank you.
Awesome summary. Looking forward to more of your summaries. Nice and short. I really really enjoyed reading this books
hey. what animation tool did you use for this video?
The last book "The Next Millionaire Next Door" is excellent!
when i’m established and making money, the only luxury purchase I want is a nice home.
Thank you for this video!
One of the shortest Summer video, not well said , but beautiful animation , please explain more clearly
Thank you. Wonderful video! 🙂
"It is not about how much you make but how much you save."
Defensive strategy works best for me. Living below your means and living life with meaning is virtuous. When you finally reach you financial goal, you'll have the wisdom to make the best of your nest egg.
U made an very good book summary.
U pointed out the Main Idea from the book.
But if I can suggest you for improvement.
Please also wrote down the other main point too.
Example: U wrote "$60.000/year"
But u didn't wrote "$30.000/year" => u only said it.
That's it my suggestions.
Wish you luck.
Who pays 120 for glasses. Mine were 20 at zenni or goggles4u
And my Couture is Walmart.
So if millionaires don't live like that rich, why do famous people just blow their money and show it off?
Great video
How did I become a millionaire? I was taught by my father. He said here is a million dollars now dont lose it.
How did you make more?
Being a millionaire may have been a big deal in 1920s, not 2020s
bullshit
Sorry your video was spammed...loved the animation coming from the black hand
Do what the rich do. Buy assets that pays for your liabilities to maintain wealth.
Go do it then😂 it's a good philosophy but the rich have the means and financial institutions to buy those assets whereas the middle class live in a system that pays the rich :P
@@justinacase2623 "They did it with no help." That's the only thing wrong with your statement because I was referring to the ultra rich. Those with multinational corporations
@@justinacase2623 You're making two different arguments. First you said they did it by themselves which isn't true, and now you're saying they started with little money which isn't necessarily true either.
You take Jeff Bezos for example who was given $300,000 by his parents to start Amazon in 1995 ($512,000 in today's currency).
Mark Zuckerberg's father told him either he will purchase a McDonald's franchise for him to run ($2 million up front investment), or he goes to university.
Elon Musk's father was an electromechanical engineer and property developer, so you know he was well off.
Bill Gates' mother was on the board of IBM, his father was a respected lawyer, his grandfather was a banker and his great grandfather was the president of the national city bank in Seattle, so he also had means.
Richard Branson's father was a multimillionaire and chief Justice on the Supreme Court.
Not only do most of these people have a background of wealth, they also needed to leverage people (connections) to reach where they are. You can't do it alone
@@justinacase2623 Ah yes, and you must be very wealthy because you know exactly how wealth is created! I'm glad
Using the example of 30 and making 50k, is she saying we should have 150k at any one time?!?!?
Net worth of 150k to be considered wealthy. Net worth is all assets (such as home, car, investments) and cash minus all debt.
@@dillonh321 oohhh, thanks. Home is roughly 340k and owe roughly 170k, so that right there is good, right? Plus car and a few accounts..
@@Fearl3ss234
Yeah as long as you don't have much credit card debt.
Save money when you can enjoy it so you have a lot when you can't.
Good luck!
Poor mind set
Become a millionaire: write another stupid book on millionaires.
All fail to conveniently mention that the term US millionaire has been around a long time. Meanwhile the USD has inflated a lot.
So an equvivalent "millionaire" in 2022 would have to make >100 million. And that is still hard. Making a 2022 USD Million is not
BUT to be fair. Technology and industrialization also means you get much more for your buck.
Subtl indonesia..please !?
I am sure this video could be better than a black hand drawing silly pictures
A million dollars in the bank😂
why would you save money when money is decreasing in value
take a look at what has happened to the value of savers' saving:
In 1970 $1 million in saving at 15% interest = $150,000 a year.
In 2017, $1 million in saving x 1.5% interest = 15,000 a year
Today, even a millionaire cannot live on %15,000 a year
for anyone who has read this comment my advice for ya'll is to read rich dad poor dad that is financial education.
hello friends