Seriously guys, if you didn't have the time to read the book thoroughly, why bother reviewing the book and commenting just from analyzing and guessing a few lines of the content taken from the book as well as looking at other people's reviews. After you read the book thoroughly, then come back and watch this video and listen to what you guys are saying, you would find your own misinterpretation and would apologize to the people that have their life changed because of the book.
I agree...guys, you can do better than this. I have been following yous since the 1st vid and find the contents solid and helpful, except this episode ( some out of points). Imagine someone reviewing Cafe Money channel just base on the thumbnails but never watching any episode. So the saying goes: never judge a book by its cover (in this case chapter title). Nevertheless, I will still tune in and looking forward to better episodes.
Because experience > knowledge from a book. They’re all very successful and they’re all millionaires so they can speak from experience. Who has time to read nowadays? I have so many books and choose rather to watch videos for knowledge
100% with you. I watched all of their vdo but this one got me a little. The beauty of this book is the language used and pictures/stories it paints along the way. Fair enough its basic principal but it is an essence of being wealthy. Book also gave sample of mistakes the man made and tax systems and all. Yes, fictional but wasn't it one of the great books with stories to keep readers excited with his journey?
So... I didn't finish the video because I need to get on with the day. However, here is my tip for all beginners: only use cash (yep, that money printed by governments) for your daily expenses such as food and drink. Restrict your use of credit cards to ones that give you cash back and then use them only for items where you can't pay cash. Then pay off the credit card balance in total every month. If at all possible NEVER PAY BY CHECK -- it's way to expensive.
This book is life changing. That, plus Automatic Millionaire book, Your Money or Your Life, Millionaire Next Door and Ken's videos re Tesla last year 😍 our family tree is changed!
Plus 1 for The Secrets of the Millionaire's Mind It's a pity that you haven't read the book first. Many of the criticism was covered in the book. The Richest Man of Babylon is definitely for complete beginners, but it's a great start for everyone currently losing financially, even more than Rich Dad, Poor Dad.
As a coach and ex-trainer I gave this book to my oldest child the day she started earning money at 18 (yes she not work till 18:) and because she lived with me rent free through college that little shit has a bigger Roth account then her dad lol. I truly think people would rather have instant gratification then understand a penny saved is a penny earned. READ THIS BOOK,period.
Started investing since June this year, I've been investing 39%ish and save 25%ish of my salary. I prefer watching videos on investment than reading books. That's where I found your channel and have been support since then. The knowledge taught & shared by y'all are priceless! 📚 Million thanks for such an amazing content !
If are living near the poverty line, think about how to earn more money. If you earn above the poverty line, then all you need to do is decrease your expenses.
I set a budget of 100$ a month to spend only, yes I live in Singapore :). So far so good, not spending nothing on working days (work at hotel) and cook myself at home on off days, hawker center meal is considered a treat and I feel satisfied as much as those treating themselves at fine dining restaurant. Anyone wanna challenge me or nah
I think you guys are missing fundamental points here. You are taking the principles too seriously! By Pension, they mean have means to fund your retirement. In other words, you need to think beyond your youth and years where you have the ability to work hard. If that means earning so much in your working years that it funds your retirement, then so be it. But at least it is telling you to think beyond your youth and to think to save/finance/support retirement. Not just keep spending money in the good years. You need to think what the principle is trying to teach you, and not take the example too literally.
Not to put hate on you guys, i understand you preach about wealth and finance but to say the least, I would never go cheap on what I eat mainly because health is my priority and i would want the best meals i can provide for my body. Some people they go so cheap on food but theyre forgetting that food is the best medicine. If you go cheap on food and eat cheap unhealthy choices, youll realize someday that prioritizing health is much more important than wealth. Health is wealth. Thats all i gotta say guys. Keep up the good work still!
Agree with you. The psychology of money is the best book I’ve read so far this year. Articles written by Morgan at Collaborative Fund is recommended too.
Thumbs up if ya able to save 50% or more per month Thumbs down if save less than 50% per month curious how many able to save 50% or more a month as some have families, medical bills etc to pay... Cheers!
I think Ken should do more research and understand Brompton more in order to appreciate what is behind this bike and why there are so many fans worldwide:)
You guys are awesome! Thanks for helping me avoid this book 😏 I do want to disagree with owning your own home. Depending on your situation, the down payment plus cost of repairs/maintenance can be a significant slowing down of your investment potential. If you're young, stay in a crappy apartment (or share) and invest the rest. Also Happy Birthday Benny 🎉
This week's content seems a little underwhelming compared to usual. 👎 Hosts also sounded a little bit less enthusiastic about the topic. ☹️ But agree that rich dad poor dad is a more fun book to review....
I love everyone on the show but I have to say it’s kinda lazy not to listen to the audio book. The books only 100 and something pages. It’s the short stories the characters tell with every lesson take keeps it’s interesting and you’ll definitely miss context in Cole Notes versions.
Why this episode you all look so sian one. I would prefer that you all talk about topics you all know about though… (more interaction between the 3 hosts instead of just Bennie talking). But nonetheless, good job on trying to review the book!
I'm glad you guys glanced (lol) at the book but it is a great book for beginners. Even if you are a teenager with an allowance, many of the principals work. It's not a book for advance people, but for most people as simple as the are it is hard for most. Some of the points you made were addressed and expanded on in the book but that is why reading will reveal more. It's a very quick read and fun for a topic that that affects the life of the reader.
I like how the TH-cam channel logos appear on top of your heads 👍🏻👍🏻 Benny used Tesla's user experience to explain the value of Brompton bike to convince Ken 🤣🤣🤣 Ken: "I got 200k true fans" 🔥🔥🔥
![[LIVE] นาทีนี้ต้องพี่ทนาย | ทนายแก้ว vs ทนายไพศาล | #คุยให้เด็กมันฟัง EP.47 (02/11/67)](http://i.ytimg.com/vi/HmquaO-PL_M/mqdefault.jpg)
Seriously guys, if you didn't have the time to read the book thoroughly, why bother reviewing the book and commenting just from analyzing and guessing a few lines of the content taken from the book as well as looking at other people's reviews. After you read the book thoroughly, then come back and watch this video and listen to what you guys are saying, you would find your own misinterpretation and would apologize to the people that have their life changed because of the book.
I agree...guys, you can do better than this. I have been following yous since the 1st vid and find the contents solid and helpful, except this episode ( some out of points). Imagine someone reviewing Cafe Money channel just base on the thumbnails but never watching any episode. So the saying goes: never judge a book by its cover (in this case chapter title). Nevertheless, I will still tune in and looking forward to better episodes.
Opportunity to do a video on what cafe money got it wrong about the richest man in babylon.
Because experience > knowledge from a book. They’re all very successful and they’re all millionaires so they can speak from experience. Who has time to read nowadays? I have so many books and choose rather to watch videos for knowledge
100% with you. I watched all of their vdo but this one got me a little. The beauty of this book is the language used and pictures/stories it paints along the way. Fair enough its basic principal but it is an essence of being wealthy. Book also gave sample of mistakes the man made and tax systems and all. Yes, fictional but wasn't it one of the great books with stories to keep readers excited with his journey?
Also it makes me feel stupid listening to them REVIEWING this legendary beautiful book... Disappointed
So... I didn't finish the video because I need to get on with the day. However, here is my tip for all beginners: only use cash (yep, that money printed by governments) for your daily expenses such as food and drink. Restrict your use of credit cards to ones that give you cash back and then use them only for items where you can't pay cash. Then pay off the credit card balance in total every month. If at all possible NEVER PAY BY CHECK -- it's way to expensive.
This book is life changing. That, plus Automatic Millionaire book, Your Money or Your Life, Millionaire Next Door and Ken's videos re Tesla last year 😍 our family tree is changed!
This is weird topic. Without reading the book but yet can give a review.
I normally watch day one but they never recommended me the video. Here now. Keep it up guys
Plus 1 for The Secrets of the Millionaire's Mind
It's a pity that you haven't read the book first. Many of the criticism was covered in the book. The Richest Man of Babylon is definitely for complete beginners, but it's a great start for everyone currently losing financially, even more than Rich Dad, Poor Dad.
As a coach and ex-trainer I gave this book to my oldest child the day she started earning money at 18 (yes she not work till 18:) and because she lived with me rent free through college that little shit has a bigger Roth account then her dad lol. I truly think people would rather have instant gratification then understand a penny saved is a penny earned.
READ THIS BOOK,period.
Qiuyu getting prettier with every episode
Started investing since June this year, I've been investing 39%ish and save 25%ish of my salary. I prefer watching videos on investment than reading books. That's where I found your channel and have been support since then.
The knowledge taught & shared by y'all are priceless! 📚
Million thanks for such an amazing content !
Oh.. I love this book so much. Better than rich dad poor dad IMHO
Ken probably hate this but, “bird in the hand is worth two in the bush.”
How do you put away 10% or 20% when you're paying 100% on rent and healthcare in the US?
If are living near the poverty line, think about how to earn more money. If you earn above the poverty line, then all you need to do is decrease your expenses.
Bingo. These rich people just don’t understand.
03:34 yes this is the way to go.
One of my favourite channels to watch while I'm eating, feels like I'm eating knowledge instead of gaining weight :D
Have been investing at about 70percent for the last 1.5 years, will continue until financial freedom.
I set a budget of 100$ a month to spend only, yes I live in Singapore :). So far so good, not spending nothing on working days (work at hotel) and cook myself at home on off days, hawker center meal is considered a treat and I feel satisfied as much as those treating themselves at fine dining restaurant. Anyone wanna challenge me or nah
Very good book
Money Smart - Achieve your financial goals faster w less by KC Lau
Guys have a look at The Swedish Investors videos of Charlie Munger's mental models, great stuff.
But i think of spending on stocks first then saving...
I think you guys are missing fundamental points here. You are taking the principles too seriously! By Pension, they mean have means to fund your retirement. In other words, you need to think beyond your youth and years where you have the ability to work hard. If that means earning so much in your working years that it funds your retirement, then so be it. But at least it is telling you to think beyond your youth and to think to save/finance/support retirement. Not just keep spending money in the good years. You need to think what the principle is trying to teach you, and not take the example too literally.
Brompton bikes look like shit 🤣 so true
Loved this! You guys are so much fun to watch.
Im a student in uni now and i try to eat $2.70 cai fan meals as often as possible so that i can invest the rest :)
Not to put hate on you guys, i understand you preach about wealth and finance but to say the least, I would never go cheap on what I eat mainly because health is my priority and i would want the best meals i can provide for my body. Some people they go so cheap on food but theyre forgetting that food is the best medicine. If you go cheap on food and eat cheap unhealthy choices, youll realize someday that prioritizing health is much more important than wealth. Health is wealth. Thats all i gotta say guys. Keep up the good work still!
That's a good advice! Thank u!
Loving these financial books teardown. I recommend "The psychology of money"!
Agree with you. The psychology of money is the best book I’ve read so far this year. Articles written by Morgan at Collaborative Fund is recommended too.
great book
It’s a good read, great strategy. You all follow most of those rules.
Wakeup happy
Tuh staht too buyld yo weald! 😂😂😂😂
Thumbs up if ya able to save
50% or more per month
Thumbs down if save
less than 50% per month
curious how many able to save 50% or more a month as some have families, medical bills etc to pay...
Cheers!
Already owned a Brompton! Time to get Totto-chan now~
"Starve your distractions, feed your focus"
I think Ken should do more research and understand Brompton more in order to appreciate what is behind this bike and why there are so many fans worldwide:)
You guys are awesome! Thanks for helping me avoid this book 😏
I do want to disagree with owning your own home. Depending on your situation, the down payment plus cost of repairs/maintenance can be a significant slowing down of your investment potential. If you're young, stay in a crappy apartment (or share) and invest the rest.
Also Happy Birthday Benny 🎉
Never seen; a book review about a book that no one has read 😂
Loved the burn by chicken leader at the end 😂
This week's content seems a little underwhelming compared to usual. 👎 Hosts also sounded a little bit less enthusiastic about the topic. ☹️ But agree that rich dad poor dad is a more fun book to review....
Toto-Chan 😂😂😂
An underated book I recommend - The Price of Tomorrow
I love everyone on the show but I have to say it’s kinda lazy not to listen to the audio book. The books only 100 and something pages. It’s the short stories the characters tell with every lesson take keeps it’s interesting and you’ll definitely miss context in Cole Notes versions.
first!
Why this episode you all look so sian one. I would prefer that you all talk about topics you all know about though… (more interaction between the 3 hosts instead of just Bennie talking). But nonetheless, good job on trying to review the book!
+1+1, totally agree, I save 60-80% as well for the first 3-5 years
Investing in crypto now should be in every wise individuals list, in some months time you'll be ecstatic with the decision you made today.
Yes I can believe that, I got victory with him, I was so sad after receiving the first try knowing I invested so low with fear😓😫
@Jules Renard Thanks
I'm glad you guys glanced (lol) at the book but it is a great book for beginners. Even if you are a teenager with an allowance, many of the principals work. It's not a book for advance people, but for most people as simple as the are it is hard for most. Some of the points you made were addressed and expanded on in the book but that is why reading will reveal more. It's a very quick read and fun for a topic that that affects the life of the reader.
Today Qiuyu jj got makeup ^^
will love to hear a review of the book: your money or your life
I am disappointed
This book was first published in the 1920s, so the content of this book would have been very sound advice back then.
I like how the TH-cam channel logos appear on top of your heads 👍🏻👍🏻
Benny used Tesla's user experience to explain the value of Brompton bike to convince Ken 🤣🤣🤣
Ken: "I got 200k true fans" 🔥🔥🔥
wtfook is this. Lol