One of the most articulated conversations about money I've heard: The 10 Lessons: 1. Money is important ( it's all about your mindset about money) 2. Money = Time ( how much money you exchange your time for) 3. Money = Value ( Seeing yourself as a person of value. You & your time are worth all the money) 4. What people say it doesn't matter ( They speak from their own perspective, it's all about them, not about you) 5. What people say it matters when it's your opinion about yourself. What affirmation am I telling myself? What do I define myself? Am I using empowering words? 6. It's really simple - just listen to what Grandma told you. The essence is this: Spend less, earn more, invest wisely & most of all - Value yourself 7. Simple, it's not that easy. Understand Parkinson law - Why most people retire poor. When it comes to spending I'm a 12 year old. To counter it and be successful as soon as the money comes in the account, it goes to special accounts for investments, for tax & for living expenses. 8. Being broke sucks. Everything is urgent. You are a full-time problem solver, and it takes all your thinking space. Breathe, Free your mind, and be successful in the direction of my purpose. Find my purpose and stop sabotaging myself and become successful 9. Stay broke - Epictetus said " Wealth consists not in having many possessions but in having few wants" - the porodox is that the more money you have, the more quiet and no wifi you want. To be present in your own life. Choose to live like you are broke 10. Money is not important - when you have it!
A quick recap of the video 4:49 #1 Money is important 5:55 #2 Money equals time 7:00 #3 Money equals value 8:03 #4 What people say doesn't matter 9:49 #5 What people say matters 10:58 #6 It's really simple 11:33 #7 It's not that easy 13:05 #8 Being broke sucks 14:35 #9 Stay Broke 15:54 #10 Money is not important Cheers
Sadly I think people in the comments are missing the point. The circular structure of the talk is absolutely beautiful and true. It doesn't end with "money isn't important"-if you have it. Quite the contrary money isn't important once you've realized their importance and adjusted your life to that importance. It only then stops being "important" like that jewish mother's advice "If you spend less than you earn, you will always be rich". and this should be the conclusion from this video that money isn't important when you realize that you can minimize your wants and some "needs" to the point where you can have extra money at the end of the month, and so always live in abundance. In other words, abundance is relative to your behavior towards it, and thus the importance of money is relative to your behavior towards it. If you allow yourself to be stranguled by monetary issues then money becomes more important than yourself, but if you can educate your impulses you can control the magnitude of importance of money in your life, and this goes for any level in society but like she well said, it is almost impossible when you're struggling to make ends meet, to plan ahead. Without planing ahead you are bound to make poor decisions and so not regain control over your finances. On the other end of the spectrum, if you're earning quite well and have increased your comfort and "need" to match your income, which we all do, it will be almost impossible to refrain from spending money you know you have. This discipline is almost the same in both scenarios, with the difference being in the motivation, one is fear driven spending, whereas the other is temptation spending and also fear of missing out maybe. I know because I've been in both situations, and I can confirm it's just as hard.
Not so sure. The bit about not being able to afford a cake was a complete lie, even poor people know about overdrafts. It felt fake and cringey. When you have that enough experience and education you have a massive asset, money will never matter like it matter to most people. This seemed more like a white rich person problem and is probably misleading for most people. I'm willing to bet that the IRS probably took all her free cash but not her house. It's like those rich celebs who are like I went broke and then came back, so can anyone else. It's completely different. Plus half the talk seemed to just be about how it's ok to be a bad person just ignore all the haters. I didn't see how that fitted in with anything at all. Sure it's great for her and there were some nuggets here and there but not good TED talk and probably more misleading than anything.
whizkid Thanks.. right now I’m in a situation that if I have $100 in my account I feel like I’m so rich, I’m on my rock bottom but I’m not gonna be in this situation any long cuz now I know the of money.. thanks to God he been and always be with me..
I have to agree that financial worries are probably the worst type of worry to have. I have been experiencing lots of financial worries and it’s stressful, causes anxiety and panic BUT it is also the BEST motivator to find a solution.
Health issues are probably the worst worries to have. Or growing up in a war zone. Or... actually, I can compile a pretty long list before I get to "I bought a car and a house, and worked my favorite job for almost no money, but the bills showed up. And did I mentioned I had a daughter - yeah, I had a daughter, too..."
I usually reflect if money scarcity is the healthiest motivator, although I agree with you that it is a very effective one. I am very sure it takes its toll over time.
I would really like to confess that I have lost so much money and I'm 18. I was broke a few days ago. But this really motivated me and that incident have taught me a lot. I am pretty confident that I will built everything I have lost. Whoever has gone through this just don't loose hopes amd don't quit.
I can't explain how much I needed that...whew...that got me back in the game. Thank you so so much for sharing, seriously. I used to unconsciously have negative thoughts about having a lot of money (probably related to poverty trauma) I'd work for almost nothing and give money away when I barely had enough. It takes a mindset shift to realize, that I am allowed to help others but also take care of and value myself.
Goodness gracious I almost cry watching this. I too now have to deal with "failure", and everyday I wake up trying my best to best strong and remind myself that the only way is to go up. I refuse to be weak even tho there are some days that I feel really really down. Thanks to this problem now I have motivation to wake up early at 4am in the morning, praying to God, doing anything I could to exit this dark hole. Financial problem is one of the worst but one the best "tools" for us to grow. I learn a lot, a hard way. But I am grateful. Thank you Dorothée for this reminder that I can rise and shine again :) even better
The thing I regret the most is I didn’t start saving early, when i had the luxury of easily extra money and no pressure of making more. This talk is so precious that it should be shown to all young people so that they cultivate a healthy and realistic money habit as early as they can. For most people in normal circumstances, money is not important only when you have it. Control your desire and lower it compared to the amount you earn. Well delivered message thanks to the speaker.
Very strong speech by a very strong woman The truth is this. Money is Not as important as the time that you are missing by chasing it... What a Speaking..well done.
I’m in Australia, and very new to this. I’ve been trying to find a broker . that has good customer services and is the commission through them expensive? love some clarification or guidance, please from MR SAM DEYMON.
Value your perspective and content!!depending on this current administration is a total failure I really have a question For someone with less than $15,000 to invest, how
You should be proud of yourself, not only for your success, but the profound wisdom you discovered, and decided to share with the world. Absolutely amazing! You are worth every penny 😉
Isn't it interesting? The most valuable lessons we learn in life come from the challenges of life itself (more than YEARS of classroom study). Fortunately, we can save time by benefiting and learning from the lessons ("failures") of other people who are willing to share them. This is the kind of stuff I wish children in school got more exposure to. Stuff that would really help them deal with the challenges of REAL LIFE that awaits them. Thanks Dorothée!
Great comment, so true. In the motorcycle community there's a saying: YOU SHOULD LEARN FROM OTHERS MISTAKES AS YOU MIGHT NOT LIVE TO MAKE ALL OF THEM YOURSELF. Great speech, great comment
@@KrisVango Extremely true Kris. That is what I am realising myself just starting a few months ago. You have to Fail and Falter in many of life's challenges to realise how you need to improve yourself to get better and pass the second time around. Even if it is not a challenge that you would not like to do, when you know that you have to do it, or that it would improve your life later on, you will find the discipline to pull through, and you will be proud of yourself. Saying that "you should do this because if you dont X will happen" wont always work. You have to go thru X to understand.
Just a little caveat to what you say. We can indeed learn from others'lessons but you will really by experiencing it yourself... Only then will you realise what it meant! Before that it's just theory... And that's why success is not that easy despite the books, the confs, the coaching and all the amazing stuff available today on the success... Real life can be tough and only it can teach real lessons which helps everyone grow somehow.
You're absolutely right, to be a successful in life required not only hard work but awareness and sometime opportunity at the moment, investment remains the best way to start.
@@Kendrick-zw1tvyeah investment is the key to sustaining your financial longevity but venturing into any legit investment or business without a proper guidance of an expert can lead to great loss too.
@@EricaWells-vo6vwObviously talking about been successful, I know I am blessed if not I wouldn't have met someone who is as spectacular as sativa Hannah
dionysusnow It's about both, actually. If I ask ten people who live in the same city to tell me about where they live, I'll get ten different answers even though they're all describing the same place. Why is that? Because they're ten different people with ten different sets of experience and values. Those things filter and color everything in their lives uniquely. So yes, sometimes what someone says about you is about you, but it's still about them because 9 other people will say something different. Even when two people say the same thing about the same person, they'll still say it in different ways. So it's still about them.
@@dionysusnow, it's always about you - people, - humans - are hierarchic creatures - we place the hierarchies in every situation & try to calculate others value - compare to the situation. It's not about them - it's really you - in real life. In internet - there are trolls - and people 'letting out the gas'. But in real life - what you get is what you get. By improving yourself the quality of transactions probably qualifies too.
Buffett likes to say "the best thing to invest in is yourself"...meaning upgrading your skills, asking for the raise. It will give you more satisfaction out of life and more disposable income to put in the market sooner to have more compounding in your favor
The Times of greatest fear in the market more often than not are some of the best recoveries. Why? Because people tend to panic when things go bad and overreact. Stay informed and always have a plan.
When pondering what will happen in the economy...the most likely direction .gov will go is the direction that will benefit the wealthy, banks etc.... Right now, banks need tangible assets on their books. Real estate is a great tangible asset at this point in time. IMHO
I agre, my prof!t have been quite consistent, regardless of market situation, I got in early 2019 and the constant downtrends and losses discouraged me so I sold off, got back in Dec 2020 this time with guidance from a portfolio-adviser that was commended by a popular economist on a subreddit, long stry shot, its been twoyears now and I’ve gained over $85ok following guidance from my investmnt adviser...
@@Patriciacraig599 Even if you have a humongous income you still need to draw up futuristic plans because anything can happen. Investment cannot be overemphasized. The lady you mentioned how cna i conect with her..
In the "Recession Joe Biden" economy local businesses are feeling the pressure from higher food prices - seeing them double, sometimes triple what they used to be. Just another let's go Brandon moment..
1:40 Only some people truly understand what this feels like. It has nothing to do with bad planning. It has to do with circumstances. Keep pushing forward, don't give up, things will get better!
Yeah, I think she hit a key point. You cant wake up one day and decide you’re going to start your own business. You need to downsize your entire life for atleast 5 years. Because thats how long it takes for the average business to become profitable. And if you think you can keep your current expenses - that are based on your current income, you are already setting yourself up for failure.
These are very valuable rules for anybody who wants to get rich. Unfortunately, most people who will watch this video will not really be able to apply the principles. We may not want to admit, but as Warren Buffett once said, investing is like any other profession-- it requires a certain level of expertise. No surprise that some people are losing a lot of money in the bear market, while others are making hundreds of thousands in profit. I just don't know how they do it. I have about $89k now to put in the market.
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. I know someone who made over $350k in this recession influenced market, but to the best of my knowledge, it was through a financial advisor.
That's awesome! Investing in stocks with a reliable trading system can lead to great outcomes. It's fantastic that you've been working with a financial advisor for a year now. Starting with less than $200K and being just $19,000 away from making half a million in profit is impressive! Keep up the good work!
Carol Vivian Constable is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
You can always steal food and in warm areas you can live anywhere! In the US, Medical care is free if you go to the emergency room! Take oxygen away for more than 1 minute and most people die right away!
she was an entrepreneur and broke, and could be back to success soon is because that she has qualities of an entrepreneur: to reflect on mistakes and to really take actions
Excellent theme . Time can be your stock and trade so be careful with it. Money even if you have it may not give you independence if you feel guilty. So the best thing to learn is that the money you have is nobody’s business except your own, and probably when you do have money and independence, the most joyful moment you live will not cost you a lot of money if any. It is very true that being constantly wanting more makes you poor. Appreciate what you have, fix what breaks, do without does things you don’t need. Have compassion with others but appreciate yourself also.
I just got another job after losing my last job 4 months ago. Someone I know brags about having 45k saved, and yesterday she told me oh my, all your savings gone. She thinks my situation is funny. She may lose her savings someday, too. We both work on one year contracts teaching English in Korea. She brags about how her job has kept her almost 5 years. Mine kept me just one year and before that I was unemployed 7 months.
Wow! Thank you, thank you, thank you! I've been preaching this for years. Live below your means, not suffering or anything like that. Just not the new cars, the big house and keeping up with the Jones. Cheers!
In order to be successful.. you have to lose everything.. it is the drive of not giving up that is the halfway mark. This is the last lesson you must learn to the next level 🧐
yeah,it was a little boring.I can tell you from doing the 'talk' circuit. This gal got on here because she was white,educated and well spoken. if she was less well spoken,or with a browner color,or a not so attractive career....these egg heads will rarely give you any perspective on those struggling against much deeper odds,with zero chance at ' having a voice' in society..and surviving.. NPR ,PRI mainstream media...glam whores.
@@33none42 Very boring. I lost interest very quickly. She had nothing interesting to say. Just BS motivational speech that will last about 48 hours in everyone's consciousness.
Only entrepreneurs Who failed can feel every single Word you said. I was listening religiously to your speech and i 100% relate to it. 10 years after my failure, I'm still struggling to find my way back to success. I hear the ticking bomb in my head for 10 years now! Can you imagine the stress ?
Trust me but I’m not one of them... I can tell you in the last 2 years my aim was to be one and understand everything and step before entering. Now it’s confirmed thanks to this 👆 And this speech should be tought to EVERY SINGLE ENTREPRENEUR to come in before.
A great video, this is what i tell my colleagues at work as they are mostly young students and this is what i learned myself also after my own life shocking moment. I feel happier now working multiple jobs and spending almost nothing then i did when i was younger and buying everything i could afford with the little money i had. By the way i like working so i work more but i dont NEED to work, big difference to someone that needs to work for money and are unhappy.
@@DisobedientSpaceWhale You don't hate work, you're just not working something that is good and interesting for you and you hate that specific work. Find another work.
Great presentation. I needed to hear this. I destroyed my life recently and trying to recover. My goal is to get to a point where money doesn’t matter.
we need more people like her to talk on ted talk... people who have experienced the dark days and their worst moments and then got up and fought for their life
Great talk and so true! Within 17 minutes you have taught the listeners the most important spiritual rules of success. Thank you. If people react negatively is because they don't get it.
I would advise you Invest in the most secure platform with Sir Michael Adams Jay. He comes highly recommended and those that have reached out have great testimonies even myself. Michael Adams is best to handle you tradings. He works on a professional level with 99% winning accuracy. He is available on WhatsApp/Email always on standby to attend to you.
I can truly attest to the last point about quiet time with your child. Before the pandemic, I would take my daughter at last of day of school and we would go out somewhere to an expo, event, fun place, the beach. Random place of my choice each week, and we would spend all day out without any rules or time to go home. Usually ends up being very cheap day out, and it would be our favorite time of the week. Beats hanging with friends or going to movie.
You don't need much money... people have died with more money, but to be loved is the cure for one's soul against depression, loneliness, or suicide......
really deep. I've really enjoy it. she looks like she's been through a lot and she survived. she's an inspiration that at this time in my life I have financial problems for the first time.
Thank you Dorothee for the insightful talk. As you said in your talk "people will only see things from their point of view", so please don't worry about those who call you a liar; this is just their level of awareness. You have a life experience that's worth sharing and you've helped so many by being bold enough to bring it to us, so thank you for your bravery and thank you for the sharing. Lots of gratitude.
Do you ever feel suspicious about people who recite glib self help advice? Of course, no one worked 80 hours a week. Not like she did. Who would want to?
Other than there being value in living modestly which was only reinforced I didn't get much. She was "broke" in 2016 but just 7 years later "has money."
"My impulse purchases included a car and a house" -- when will these people stop exaggerating at TED talks to impress the audience?!? A house is a purchase of investment or necessasity, not of impulse! And when she was broke, had 3 euros and change; why would she not look for a marketing job to buy her daughter that birthday cake she keeps refering to for exploiting the audience's emotions; after all she starts her talk telling that she had a successful marketing career...
You won't know other people's reality until you get there yourself. Beware of conclusive minds, one day, people will have their conclusion on you as well.... Peace!
Thanks for the talk Dorothee. One of the most authentic talks I have heard. I too was in a stage when I thought money is nothing and money doesn't buy you happiness. I have realized both are wrong . I have learned that it's about differentiating wants and needs in your life and knowing for yourself when you have earned enough.
This is very true. Last week i dont have anything in my bank accout. Just a few dollars. My company pays well but every end of the month i end up with almost nothing. Our company have a long term incentive plan and luckily i was part of it. I received hundred thousand dollars last week and i spend it here and there. I still have money but i am not still happy. I can relate so much in this video because now i know that money is really not important. Before that i dont have money i am not happy but now that i have money i am still not happy. True happiness is about finding value in life. Even now, im still searching for it. May god help me.
First of all, I would like to make a compliment to Mrs Dorothée Loorbach on her beautiful pronounciation. I really enjoyed listening to her and wasn't for a single moment disturbed by the often horrible Dutch way of ruining the English language. And I would like to add that she has said wise things (for me), a lot of things to keep in mind when I find myself in doubtful or difficult moments. Thankyou very much for sharing this on the internet!
Some of the people here were condemning her for "not paying taxes". The problem is that many small businesses fail... not for want of money... but because they have NO idea how complicated the government makes it for small businesses.. and the filing times are all different.. and you have to pay DOUBLE social security and medicare, and taxes on your business and yourself, and save reciepts for EVERYTHING, and file four times a year..and just when you think you have saved up some money and feeling good about what you have accomplished, it comes tax time and you find out that the state and federal government wants about 40% of what you have made --then you don't have it...then you get fined HUGE and unreasonable fines for not filing taxes you didn't even know existed at deadlines you didn't even know existed.. ---Maybe the really wealthy know all this ahead of time..or those who went to college.for a business degree..or studied super hard first...but many small business startups learn the hard way...no one gives you a book with all the crazy rules and taxes and unending deadlines...so 90% of small businesses fail and I would venture to guess that most of them fail because of the IRS...The U.S . is NOT small business friendly. I learned the hard way but it took me about three years... and two not very helpful $3000 CPA's--and lots of self-study to finally do it right... now I am doing fine. I give anyone Kudo's who got through those first three years and made it!.
These are very funny arguments. If you don't know what you need to do as a entrepreneur, you should hire an accountant or get a job and don't try to be entrepreneur...
YES WELL she sounds German, I don't think its very difficult in Germany.. unless they do it in a different way from us, here in DK, the country next to germany :)
I'm watching this video every morning as it gives me strength to control my spending habit. Thus I have come to realize that "money is not everything but the only thing"
1 4:50 MONEY IS IMPORTANT 2 5:54 MONEY EQUALS TIME 3 6:57 MONEY EQUALS VALUE 4 8:03 WHAT PEOPLE SAY DOESN'T MATTER 5 9:48 WHAT PEOPLE SAY MATTERS 6 10:58 IT'S REALLY SIMPLE 7 11:34 IT'S NOT THAT EASY 8 10:03 BEING BROKE SUCKS 9 14:33 STAY BROKE 10 15:54 MONEY IS NOT IMPORTANT
A very courageous woman, who has also writer skills, her speech is good in: ideas, form, structure, and she manages to put some little surprises in her script. I hope Madame you will write many books in the future.
I was on the brink of losing everything, invested in property just before 2009 GFC, got sued and lost $250k of borrowed money - (wasn't mine was the banks). Took 10 years of my life to crawl back all the time supporting my Wife and 2 daughter's. Hard lesson.
This hit home really hard! I found this so helpful 2 yrs after you did this Ted Talk! And the economy is substancially worse now. Thank you for sharing. I hope you continue to do well.
I hope there's no people watching this video who is financially struggling right now, or if you do, I hope you know that this isn't gonna take long and that this too shall soon pass. Remember to take a lot of lessons from this hardship and to learn from this moment. When you have finally managed to get through this, I hope you would learn to get yourself a good financial back up such as having investment portfolio and income streams.
"Money is not important" always receives that 'middle class clap', and is usually said by those who've little appreciation of how absolutely vital it is to less fortunate others. All else being equal, one of life's greatest luxuries is that of being able to believe no less.
If you actually pay attention to what she is saying, that's not the message at all. That's the conclusion, but not the main idea. One of the steps before coming to this point is actually realizing that money is all about time, so you have to work on yourself to be paid more for every hour that you dedicate in earning it. Also, when you live with less than enough for the basic needs, that's all you can think about, so success is not feasible as it requires long term planning and you need to find a way to break that cycle. Only after these two steps can you finally understand that it's not all about money anymore. Luxury, things that you want but don't need... If you focus too much on these, no amount of money will ever be enough.
Dont live in the past. It will drag you down if you do. Learn from it, and improve next. I wouldnt invest into anything even if my best friend says its a 100% gain, if i havent mastered the subject myself.
I know how much that must be hurting you. But now is the time to think clearly and devise a plan to get out of this situation ASAP. May be this unfortunate time came in your life to guide you to something better. Just believe and move ahead in life.
I lost all but a slice of my inheritance and my husband died (who I divorced and remarried) and my daughter disowned me. I HAVE WANTED TO DIE MORE THAN LIVE. Then I realized that I had always quit everything I have tried and it is no time to quit now on my family - and my life purpose.
I can relate to what you've said, Dorothée. Scarcity does consume your every thought and prevents you from moving forward. I have been in a situation now for over a year, in the US, waiting for the government to act on a disability claim. I cannot work, I have used my savings, and depended on relatives for help. It can be an endless nightmare - one I never imagined being a part of.
You can probably work. Writing? Blogging? Sales (make good deals on the phone)? Become a deal-maker? Politics activist, supported by likeminded people? Make TH-cam videos, by editing excisting videos, and get millions of views? Paint? Sing? Just to encourage you! Check out "Jim Rohn Best life ever". All of you. Worth it's time in GOLD.
@@gunnarhaldorsen4185 Thanks for the ideas. I have done some work translating. The problem is, it comes down to being able to do sustained work, 40 hrs a week (the SSA requirement) - hard to do when there is pain constantly, the need to move positions, etc. I want to work, I know I cannot live on disability even if it ever comes through.
Dorothée, Thank you so much. Your life past situation DO resonate with my own. I watch your presentation and took copious notes- I almost transcript the entire talk. Lots of blessings to you. Let me know the title and where I can find your book- it must be an inspiring reading, as it was writtem in the spur of a moment. So a true reflection from your inner soul.
She did hit rock bottom.... in her mind.... She still had a car (probably the nice one still), the house, internet connection, probably a nice computer or laptop, food everyday, electricity and gas and water bills paid out and so much more.... I find her quite irritating because I hit close to rock bottom (but I wouldn't dare call it that it of respect for people surviving in the street with nothing) while she was probably crying in her warm bubble bath after a nice meal reflecting on how immensely poor she had become. That shows the disconnection between the different social classes.
Most of your life u chase money. You thirst for it. You struggle to get it. When you do, you realize it is an illusion. Relationships, health, sanity, and experiences are all WAY more important.
@@brent6873 Maybe he doesn’t have much knowledge in it. People are scared to invest for their future because they don’t understand it. Not knowing that all you need is guidance.
You don’t need to save up for the future. If you wish for financial freedom then you have to invest in order to guarantee financial stability. Do you think Warren Buffet is saving up or Mac is scared to trade stock.
I retired at age 65. I’m now 70 with more money than I had then and probably more than I will need for the remainder of my life. I live in the tropics, 3 minutes motorbike ride to a sandy beach surrounded by mountains. I do yoga on the beach in the early morning and watch the sun set over the sea every evening. The key at any stage of life is to spend like a pauper and save like a king. Be content living a modest lifestyle and ignore the trappings set by those who do the opposite.
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One of the most articulated conversations about money I've heard:
The 10 Lessons:
1. Money is important ( it's all about your mindset about money)
2. Money = Time ( how much money you exchange your time for)
3. Money = Value ( Seeing yourself as a person of value. You & your time are worth all the money)
4. What people say it doesn't matter ( They speak from their own perspective, it's all about them, not about you)
5. What people say it matters when it's your opinion about yourself. What affirmation am I telling myself? What do I define myself? Am I using empowering words?
6. It's really simple - just listen to what Grandma told you. The essence is this: Spend less, earn more, invest wisely & most of all - Value yourself
7. Simple, it's not that easy. Understand Parkinson law - Why most people retire poor. When it comes to spending I'm a 12 year old. To counter it and be successful as soon as the money comes in the account, it goes to special accounts for investments, for tax & for living expenses.
8. Being broke sucks. Everything is urgent. You are a full-time problem solver, and it takes all your thinking space. Breathe, Free your mind, and be successful in the direction of my purpose. Find my purpose and stop sabotaging myself and become successful
9. Stay broke - Epictetus said " Wealth consists not in having many possessions but in having few wants" - the porodox is that the more money you have, the more quiet and no wifi you want. To be present in your own life. Choose to live like you are broke
10. Money is not important - when you have it!
A quick recap of the video
4:49 #1 Money is important
5:55 #2 Money equals time
7:00 #3 Money equals value
8:03 #4 What people say doesn't matter
9:49 #5 What people say matters
10:58 #6 It's really simple
11:33 #7 It's not that easy
13:05 #8 Being broke sucks
14:35 #9 Stay Broke
15:54 #10 Money is not important
Cheers
😂😂😂
Omg thank you, you saved my TIME
This was all I wanted. Thank you.
Oh, the contradiction.
😂😂😂😂😂😂😂😂😂🤣😂❤️
Sadly I think people in the comments are missing the point. The circular structure of the talk is absolutely beautiful and true. It doesn't end with "money isn't important"-if you have it. Quite the contrary money isn't important once you've realized their importance and adjusted your life to that importance. It only then stops being "important" like that jewish mother's advice "If you spend less than you earn, you will always be rich". and this should be the conclusion from this video that money isn't important when you realize that you can minimize your wants and some "needs" to the point where you can have extra money at the end of the month, and so always live in abundance. In other words, abundance is relative to your behavior towards it, and thus the importance of money is relative to your behavior towards it. If you allow yourself to be stranguled by monetary issues then money becomes more important than yourself, but if you can educate your impulses you can control the magnitude of importance of money in your life, and this goes for any level in society but like she well said, it is almost impossible when you're struggling to make ends meet, to plan ahead. Without planing ahead you are bound to make poor decisions and so not regain control over your finances. On the other end of the spectrum, if you're earning quite well and have increased your comfort and "need" to match your income, which we all do, it will be almost impossible to refrain from spending money you know you have. This discipline is almost the same in both scenarios, with the difference being in the motivation, one is fear driven spending, whereas the other is temptation spending and also fear of missing out maybe. I know because I've been in both situations, and I can confirm it's just as hard.
U r absolutely on the money. Thanks for sharing ,man .
whizkid o9
Well said
Not so sure. The bit about not being able to afford a cake was a complete lie, even poor people know about overdrafts. It felt fake and cringey. When you have that enough experience and education you have a massive asset, money will never matter like it matter to most people. This seemed more like a white rich person problem and is probably misleading for most people. I'm willing to bet that the IRS probably took all her free cash but not her house. It's like those rich celebs who are like I went broke and then came back, so can anyone else. It's completely different. Plus half the talk seemed to just be about how it's ok to be a bad person just ignore all the haters. I didn't see how that fitted in with anything at all. Sure it's great for her and there were some nuggets here and there but not good TED talk and probably more misleading than anything.
whizkid
Thanks.. right now I’m in a situation that if I have $100 in my account I feel like I’m so rich, I’m on my rock bottom but I’m not gonna be in this situation any long cuz now I know the of money.. thanks to God he been and always be with me..
"Wealth consists not in having great possessions but in having few wants." So true. Great talk.
And also wanting what you already have - breakaway2x
Not true if you can't afford those few wants.
I want to see a doctor
Lllll
Hello
She's a great speaker and you can really feel that it's all coming from experiences. Amazing talk.
Noooo noooo noooo
Exactly what I commented. I was blowen away. Wow.
I have to agree that financial worries are probably the worst type of worry to have. I have been experiencing lots of financial worries and it’s stressful, causes anxiety and panic BUT it is also the BEST motivator to find a solution.
Health issues are probably the worst worries to have. Or growing up in a war zone. Or... actually, I can compile a pretty long list before I get to "I bought a car and a house, and worked my favorite job for almost no money, but the bills showed up. And did I mentioned I had a daughter - yeah, I had a daughter, too..."
Yes, health issues are the worst, no question there.
I usually reflect if money scarcity is the healthiest motivator, although I agree with you that it is a very effective one. I am very sure it takes its toll over time.
Abusing money is not healthy. Abusing health is deadly.
Abusing time is insane.
@@jeronimo196 yeah must be nice if rock bottom is 0 and not a negative number like unpayable student loans and no assets to your name.
This is one of the best TED talks. Ever. Very inspirational.
I would really like to confess that I have lost so much money and I'm 18. I was broke a few days ago. But this really motivated me and that incident have taught me a lot. I am pretty confident that I will built everything I have lost. Whoever has gone through this just don't loose hopes amd don't quit.
I can't explain how much I needed that...whew...that got me back in the game. Thank you so so much for sharing, seriously. I used to unconsciously have negative thoughts about having a lot of money (probably related to poverty trauma) I'd work for almost nothing and give money away when I barely had enough. It takes a mindset shift to realize, that I am allowed to help others but also take care of and value myself.
Goodness gracious I almost cry watching this. I too now have to deal with "failure", and everyday I wake up trying my best to best strong and remind myself that the only way is to go up. I refuse to be weak even tho there are some days that I feel really really down. Thanks to this problem now I have motivation to wake up early at 4am in the morning, praying to God, doing anything I could to exit this dark hole. Financial problem is one of the worst but one the best "tools" for us to grow. I learn a lot, a hard way. But I am grateful. Thank you Dorothée for this reminder that I can rise and shine again :) even better
The thing I regret the most is I didn’t start saving early, when i had the luxury of easily extra money and no pressure of making more. This talk is so precious that it should be shown to all young people so that they cultivate a healthy and realistic money habit as early as they can. For most people in normal circumstances, money is not important only when you have it. Control your desire and lower it compared to the amount you earn. Well delivered message thanks to the speaker.
Ok but like can we just appreciate Leapnotch for making us smile everyday
Very strong speech by a very strong woman
The truth is this.
Money is Not as important as the time that you are missing by chasing it...
What a Speaking..well done.
I’m in Australia, and very new to this. I’ve been trying to find a broker . that has good customer services and is the commission through them expensive? love some clarification or guidance, please from MR SAM DEYMON.
I want my money to work for me with sam deymon, I’d like to learn from someone with experience.
@samdeymon53 💯💯....that's it = 4 advise
He's GOOGLE account AND TE LEG RAM...
Value your perspective and content!!depending on this current administration is a total failure I really have a question For someone with less than $15,000 to invest, how
@@wiktoriabartek999 Mr Sam is really good and everyone loves genuine services made over $46,399. on my first trade.
Thank you so much, I've been broke for 1 year now, and after watching this video it gave me hope to start over again, not to STOP.
Thank you!
You should be proud of yourself, not only for your success, but the profound wisdom you discovered, and decided to share with the world. Absolutely amazing! You are worth every penny 😉
Isn't it interesting? The most valuable lessons we learn in life come from the challenges of life itself (more than YEARS of classroom study). Fortunately, we can save time by benefiting and learning from the lessons ("failures") of other people who are willing to share them. This is the kind of stuff I wish children in school got more exposure to. Stuff that would really help them deal with the challenges of REAL LIFE that awaits them. Thanks Dorothée!
So writing did arrive automatically?
Great comment, so true. In the motorcycle community there's a saying: YOU SHOULD LEARN FROM OTHERS MISTAKES AS YOU MIGHT NOT LIVE TO MAKE ALL OF THEM YOURSELF. Great speech, great comment
@@KrisVango Extremely true Kris. That is what I am realising myself just starting a few months ago. You have to Fail and Falter in many of life's challenges to realise how you need to improve yourself to get better and pass the second time around. Even if it is not a challenge that you would not like to do, when you know that you have to do it, or that it would improve your life later on, you will find the discipline to pull through, and you will be proud of yourself. Saying that "you should do this because if you dont X will happen" wont always work. You have to go thru X to understand.
@@KrisVango I absolutely agree with you Kris. Comfort never gives you a joy after a little time.
Just a little caveat to what you say. We can indeed learn from others'lessons but you will really by experiencing it yourself... Only then will you realise what it meant! Before that it's just theory... And that's why success is not that easy despite the books, the confs, the coaching and all the amazing stuff available today on the success... Real life can be tough and only it can teach real lessons which helps everyone grow somehow.
The dude is just not fakeing . The finishes of the goals. Beautiful. Magisterial. Love you *leapnotch!.* .🙏🏼.
Noooo noooo noooo
Watching this after I got scammed from a small business deal. I will count this failure an essential experience towards my journey to success.
Winning is all about risk if you didn't take a risk yiu can make it, winning is about risk.
You're absolutely right, to be a successful in life required not only hard work but awareness and sometime opportunity at the moment, investment remains the best way to start.
I agree with you. Investment is the key to sustaining your financial longevity. And not just any investment but an investment with guaranteed return.
@@Kendrick-zw1tvyeah investment is the key to sustaining your financial longevity but venturing into any legit investment or business without a proper guidance of an expert can lead to great loss too.
Exactly and many of us don't know where to invest our money so we invest it on wrong place and to the wrong people
@@EricaWells-vo6vwObviously talking about been successful, I know I am blessed if not I wouldn't have met someone who is as spectacular as sativa Hannah
"The way other people treat you is not a reflection of who you are, it's a reflection of who they are"
Yes that was my favourite bit.
I can't agree with you more!
Sometimes it is about you, this is a common rationalization.
dionysusnow It's about both, actually.
If I ask ten people who live in the same city to tell me about where they live, I'll get ten different answers even though they're all describing the same place. Why is that? Because they're ten different people with ten different sets of experience and values. Those things filter and color everything in their lives uniquely. So yes, sometimes what someone says about you is about you, but it's still about them because 9 other people will say something different. Even when two people say the same thing about the same person, they'll still say it in different ways. So it's still about them.
@@dionysusnow, it's always about you - people, - humans - are hierarchic creatures - we place the hierarchies in every situation & try to calculate others value - compare to the situation. It's not about them - it's really you - in real life. In internet - there are trolls - and people 'letting out the gas'. But in real life - what you get is what you get. By improving yourself the quality of transactions probably qualifies too.
Buffett likes to say "the best thing to invest in is yourself"...meaning upgrading your skills, asking for the raise. It will give you more satisfaction out of life and more disposable income to put in the market sooner to have more compounding in your favor
The Times of greatest fear in the market more often than not are some of the best recoveries. Why? Because people tend to panic when things go bad and overreact. Stay informed and always have a plan.
When pondering what will happen in the economy...the most likely direction .gov will go is the direction that will benefit the wealthy, banks etc.... Right now, banks need tangible assets on their books. Real estate is a great tangible asset at this point in time. IMHO
I agre, my prof!t have been quite consistent, regardless of market situation, I got in early 2019 and the constant downtrends and losses discouraged me so I sold off, got back in Dec 2020 this time with guidance from a portfolio-adviser that was commended by a popular economist on a subreddit, long stry shot, its been twoyears now and I’ve gained over $85ok following guidance from my investmnt adviser...
@@Patriciacraig599 Even if you have a humongous income you still need to draw up futuristic plans because anything can happen. Investment cannot be overemphasized. The lady you mentioned how cna i conect with her..
In the "Recession Joe Biden" economy local businesses are feeling the pressure from higher food prices - seeing them double, sometimes triple what they used to be. Just another let's go Brandon moment..
1:40 Only some people truly understand what this feels like. It has nothing to do with bad planning. It has to do with circumstances. Keep pushing forward, don't give up, things will get better!
Yeah, I think she hit a key point. You cant wake up one day and decide you’re going to start your own business. You need to downsize your entire life for atleast 5 years. Because thats how long it takes for the average business to become profitable. And if you think you can keep your current expenses - that are based on your current income, you are already setting yourself up for failure.
It really is comforting to know that you can change your life in 6 months.
U can a little not by much...
Why so much hate? I think this is priceless, someone sharing her experience of going broke and work their way back up from ground zero.
These are very valuable rules for anybody who wants to get rich. Unfortunately, most people who will watch this video will not really be able to apply the principles. We may not want to admit, but as Warren Buffett once said, investing is like any other profession-- it requires a certain level of expertise. No surprise that some people are losing a lot of money in the bear market, while others are making hundreds of thousands in profit. I just don't know how they do it. I have about $89k now to put in the market.
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. I know someone who made over $350k in this recession influenced market, but to the best of my knowledge, it was through a financial advisor.
That's awesome! Investing in stocks with a reliable trading system can lead to great outcomes. It's fantastic that you've been working with a financial advisor for a year now. Starting with less than $200K and being just $19,000 away from making half a million in profit is impressive! Keep up the good work!
Mind if I ask you to recommend this particular coach you using their service?
Carol Vivian Constable is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
She appears to be well-educated and well-read. I ran a Google search for her name and came across her website; thank you for sharing.
Money is like oxygen. You take it for granted when you have it but when you don't, it's all you think about.
You can live without money but you can't live without oxygen!
@@ricomajestic how can you live without money? food is not free, shelter is not free, medical care is not free
You can always steal food and in warm areas you can live anywhere! In the US, Medical care is free if you go to the emergency room! Take oxygen away for more than 1 minute and most people die right away!
@@ricomajestic and you can steal oxigen too
@@098anime yes,a resourceful person can absolutely live without any money of his own. A politician
she was an entrepreneur and broke, and could be back to success soon is because that she has qualities of an entrepreneur: to reflect on mistakes and to really take actions
Yuli Chinese class and baby daddy checks
True. Her story is condensed but clearly she did what she had to do. My answer to a life setback was to move back home and play with the dogs all day.
Noooo noooo nooooo
Excellent theme .
Time can be your stock and trade so be careful with it. Money even if you have it may not give you independence if you feel guilty. So the best thing to learn is that the money you have is nobody’s business except your own, and probably when you do have money and independence, the most joyful moment you live will not cost you a lot of money if any. It is very true that being constantly wanting more makes you poor. Appreciate what you have, fix what breaks, do without does things you don’t need. Have compassion with others but appreciate yourself also.
I just got another job after losing my last job 4 months ago. Someone I know brags about having 45k saved, and yesterday she told me oh my, all your savings gone. She thinks my situation is funny. She may lose her savings someday, too. We both work on one year contracts teaching English in Korea. She brags about how her job has kept her almost 5 years. Mine kept me just one year and before that I was unemployed 7 months.
Wow! Thank you, thank you, thank you! I've been preaching this for years. Live below your means, not suffering or anything like that. Just not the new cars, the big house and keeping up with the Jones. Cheers!
Such an awesome speech. I was tearing by the end. Good lessons to live by.
In order to be successful.. you have to lose everything.. it is the drive of not giving up that is the halfway mark. This is the last lesson you must learn to the next level 🧐
I have never seen such calm, composed and collected presentation in my entire life.
yeah,it was a little boring.I can tell you from doing the 'talk' circuit. This gal got on here because she was white,educated and well spoken. if she was less well spoken,or with a browner color,or a not so attractive career....these egg heads will rarely give you any perspective on those struggling against much deeper odds,with zero chance at ' having a voice' in society..and surviving..
NPR ,PRI mainstream media...glam whores.
Sandy Haussman...very dishonest interviewer and journalist.
@@33none42 Very boring. I lost interest very quickly. She had nothing interesting to say. Just BS motivational speech that will last about 48 hours in everyone's consciousness.
yeah...a snooze for sure.
Only entrepreneurs Who failed can feel every single Word you said.
I was listening religiously to your speech and i 100% relate to it.
10 years after my failure, I'm still struggling to find my way back to success. I hear the ticking bomb in my head for 10 years now! Can you imagine the stress ?
You are living in a bubble, newb.
You didn't understand one single word of what she said.
Trust me but I’m not one of them... I can tell you in the last 2 years my aim was to be one and understand everything and step before entering.
Now it’s confirmed thanks to this 👆
And this speech should be tought to EVERY SINGLE ENTREPRENEUR to come in before.
Great talk! It does encourage!
Money is important, but when you have enough money, you may feel broke and then money is not important. Brilliant!
I will continue singing praises to *Leapnotch* NO BODY IS BETTER
A great video, this is what i tell my colleagues at work as they are mostly young students and this is what i learned myself also after my own life shocking moment. I feel happier now working multiple jobs and spending almost nothing then i did when i was younger and buying everything i could afford with the little money i had. By the way i like working so i work more but i dont NEED to work, big difference to someone that needs to work for money and are unhappy.
What if you hate work
@@DisobedientSpaceWhale You don't hate work, you're just not working something that is good and interesting for you and you hate that specific work. Find another work.
@@liubomirwm I'm pretty lazy tbh
Great presentation. I needed to hear this. I destroyed my life recently and trying to recover. My goal is to get to a point where money doesn’t matter.
I know how much the stress and worry over money and consequences for bad decisions destroys happiness. Best wishes for recovery.
I like when you said:"You can do this! And then whatever it took I would do it." Great! Thank you @Dorothée Loorbach
we need more people like her to talk on ted talk... people who have experienced the dark days and their worst moments and then got up and fought for their life
If I knew how to get on ted talks I’d add something along these lines
These are the only people that get up there to talk
Great talk and so true! Within 17 minutes you have taught the listeners the most important spiritual rules of success. Thank you. If people react negatively is because they don't get it.
One should watch this every day so that these lessons are not forgotten. Excellent talk thanks.
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+ 1 8 1 8 5 3 3 9 6 4 2.
I can truly attest to the last point about quiet time with your child. Before the pandemic, I would take my daughter at last of day of school and we would go out somewhere to an expo, event, fun place, the beach. Random place of my choice each week, and we would spend all day out without any rules or time to go home. Usually ends up being very cheap day out, and it would be our favorite time of the week. Beats hanging with friends or going to movie.
You don't need much money... people have died with more money, but to be loved is the cure for one's soul against depression, loneliness, or suicide......
really deep. I've really enjoy it. she looks like she's been through a lot and she survived. she's an inspiration that at this time in my life I have financial problems for the first time.
Eli Mate Good luck!
What a thought-provoking talk 🤔
Literally I'm in shock.....the way she ended it and the way she started it.☀
Your time is so much more important than money many look back realising that so much has been lost by chasing money....
Thank you Dorothee for the insightful talk. As you said in your talk "people will only see things from their point of view", so please don't worry about those who call you a liar; this is just their level of awareness. You have a life experience that's worth sharing and you've helped so many by being bold enough to bring it to us, so thank you for your bravery and thank you for the sharing. Lots of gratitude.
Do you ever feel suspicious about people who recite glib self help advice? Of course, no one worked 80 hours a week. Not like she did. Who would want to?
Most viewers do not absorb truth thoroughly. This is why suffering persists.
Oscar Wilde
“Nowadays people know the price of everything and the value of nothing”
77777aol I think the quote is A cynic is a man who knows the price of everything and the value of nothing.
What is the utility of my happiness.
Other than there being value in living modestly which was only reinforced I didn't get much.
She was "broke" in 2016 but just 7 years later "has money."
Wow almost cry with this video at the end.
It actually an honor giving the opportunity to prove how good he is ...Thank you for the reactivation
Great talk, I feel much more happy and positive after watching this video. Thank you for sharing your wisdom.
Best TED talk. Straight to the point.
"My impulse purchases included a car and a house" -- when will these people stop exaggerating at TED talks to impress the audience?!? A house is a purchase of investment or necessasity, not of impulse!
And when she was broke, had 3 euros and change; why would she not look for a marketing job to buy her daughter that birthday cake she keeps refering to for exploiting the audience's emotions; after all she starts her talk telling that she had a successful marketing career...
You won't know other people's reality until you get there yourself. Beware of conclusive minds, one day, people will have their conclusion on you as well.... Peace!
sitti fatima balunan i do not need to know. I am refering to her speech, not to her reality. How about thinking before writing Ms Peace?
@@gamze5934 , hmmm how do you separate your judgment on her from her speech when her speech is about her?
This is the most valuable tedx I watched... This is what we need to teach our children and adults
Thanks for the talk Dorothee. One of the most authentic talks I have heard. I too was in a stage when I thought money is nothing and money doesn't buy you happiness. I have realized both are wrong . I have learned that it's about differentiating wants and needs in your life and knowing for yourself when you have earned enough.
This is very true. Last week i dont have anything in my bank accout. Just a few dollars. My company pays well but every end of the month i end up with almost nothing. Our company have a long term incentive plan and luckily i was part of it. I received hundred thousand dollars last week and i spend it here and there. I still have money but i am not still happy. I can relate so much in this video because now i know that money is really not important. Before that i dont have money i am not happy but now that i have money i am still not happy. True happiness is about finding value in life. Even now, im still searching for it. May god help me.
Well, the grandmothers are always right...
The rules are still the same, then and now.
First of all, I would like to make a compliment to Mrs Dorothée Loorbach on her beautiful pronounciation. I really enjoyed listening to her and wasn't for a single moment disturbed by the often horrible Dutch way of ruining the English language. And I would like to add that she has said wise things (for me), a lot of things to keep in mind when I find myself in doubtful or difficult moments. Thankyou very much for sharing this on the internet!
Some of the people here were condemning her for "not paying taxes". The problem is that many small businesses fail... not for want of money... but because they have NO idea how complicated the government makes it for small businesses.. and the filing times are all different.. and you have to pay DOUBLE social security and medicare, and taxes on your business and yourself, and save reciepts for EVERYTHING, and file four times a year..and just when you think you have saved up some money and feeling good about what you have accomplished, it comes tax time and you find out that the state and federal government wants about 40% of what you have made --then you don't have it...then you get fined HUGE and unreasonable fines for not filing taxes you didn't even know existed at deadlines you didn't even know existed.. ---Maybe the really wealthy know all this ahead of time..or those who went to college.for a business degree..or studied super hard first...but many small business startups learn the hard way...no one gives you a book with all the crazy rules and taxes and unending deadlines...so 90% of small businesses fail and I would venture to guess that most of them fail because of the IRS...The U.S . is NOT small business friendly. I learned the hard way but it took me about three years... and two not very helpful $3000 CPA's--and lots of self-study to finally do it right... now I am doing fine. I give anyone Kudo's who got through those first three years and made it!.
Hello,your written is very well, I'm learning english but I don't have anyone who can practice.
These are very funny arguments. If you don't know what you need to do as a entrepreneur, you should hire an accountant or get a job and don't try to be entrepreneur...
YES WELL she sounds German, I don't think its very difficult in Germany.. unless they do it in a different way from us, here in DK, the country next to germany :)
Any particular resource that helped you?
This lady is wise, need more women like her
I'm watching this video every morning as it gives me strength to control my spending habit. Thus I have come to realize that "money is not everything but the only thing"
her daughter just want her mama to be present. i feel that
1 4:50 MONEY IS IMPORTANT
2 5:54 MONEY EQUALS TIME
3 6:57 MONEY EQUALS VALUE
4 8:03 WHAT PEOPLE SAY DOESN'T MATTER
5 9:48 WHAT PEOPLE SAY MATTERS
6 10:58 IT'S REALLY SIMPLE
7 11:34 IT'S NOT THAT EASY
8 10:03 BEING BROKE SUCKS
9 14:33 STAY BROKE
10 15:54 MONEY IS NOT IMPORTANT
الف رحمه على والديك
A very courageous woman, who has also writer skills, her speech is good in: ideas, form, structure, and she manages to put some little surprises in her script. I hope Madame you will write many books in the future.
I was on the brink of losing everything, invested in property just before 2009 GFC, got sued and lost $250k of borrowed money - (wasn't mine was the banks). Took 10 years of my life to crawl back all the time supporting my Wife and 2 daughter's. Hard lesson.
plsss help me
This hit home really hard! I found this so helpful 2 yrs after you did this Ted Talk! And the economy is substancially worse now. Thank you for sharing. I hope you continue to do well.
I hope there's no people watching this video who is financially struggling right now, or if you do, I hope you know that this isn't gonna take long and that this too shall soon pass. Remember to take a lot of lessons from this hardship and to learn from this moment. When you have finally managed to get through this, I hope you would learn to get yourself a good financial back up such as having investment portfolio and income streams.
Yeah right, portfolios and income streams.
I lost 50k and learned that always reach at time instead 1 hour before reach the permanent time . TIME IS EVERYTHING
i lost almost all my savings in the stock market this year and i think i'm not alone in this.
during covid MANY generational business had to close their doors cuz they couldn't survive.
I made 400k during covid-19.. Lost it all.
last point is what makes this video, thank you dorothee for sharing
"Money is not important" always receives that 'middle class clap', and is usually said by those who've little appreciation of how absolutely vital it is to less fortunate others. All else being equal, one of life's greatest luxuries is that of being able to believe no less.
agree, they usually also still have a home to live in and I bet it's not a mailbox in a building in a sky. Broke needs to be defined more clearly
If you actually pay attention to what she is saying, that's not the message at all. That's the conclusion, but not the main idea. One of the steps before coming to this point is actually realizing that money is all about time, so you have to work on yourself to be paid more for every hour that you dedicate in earning it. Also, when you live with less than enough for the basic needs, that's all you can think about, so success is not feasible as it requires long term planning and you need to find a way to break that cycle. Only after these two steps can you finally understand that it's not all about money anymore. Luxury, things that you want but don't need... If you focus too much on these, no amount of money will ever be enough.
This has to be the most inspiring video I've watched this year, if not, all time! Thank you so very much for your motivational presentation.
Lost USD 100,000 to a scam perpetrated by my friend of 10 years. I'm devastated. That was all I had. That was 5 years worth of savings.
Dont live in the past. It will drag you down if you do. Learn from it, and improve next. I wouldnt invest into anything even if my best friend says its a 100% gain, if i havent mastered the subject myself.
Mr. X I gave cash. Didn’t do proper paper work. I’m not in a position to sue.
I know how much that must be hurting you. But now is the time to think clearly and devise a plan to get out of this situation ASAP. May be this unfortunate time came in your life to guide you to something better. Just believe and move ahead in life.
hercules too too yeah right
@@Hercules_tootoo well you can do the wild wild west
I lost all but a slice of my inheritance and my husband died (who I divorced and remarried) and my daughter disowned me. I HAVE WANTED TO DIE MORE THAN LIVE.
Then I realized that I had always quit everything I have tried and it is no time to quit now on my family - and my life purpose.
This is a valuable speech for my current financial situation. Thank you for imparting this to the world Madame.
this is so spot on. true wealthy person usually never show off. They also value time over money.
I've recently had major loss of my entire home, this has inspired me to continue on with my life. Thank you so much. I now know what to do...
You got this mate! Let's crawl out of this hole!
Money is very important for feeding and educating yourself.
I feel like I am invincible after listening to this speech.
One of the best Ted talks I've ever seen. Bravo!
I can relate to what you've said, Dorothée. Scarcity does consume your every thought and prevents you from moving forward. I have been in a situation now for over a year, in the US, waiting for the government to act on a disability claim. I cannot work, I have used my savings, and depended on relatives for help. It can be an endless nightmare - one I never imagined being a part of.
You can and you will get out of this situation, my friend. You can do it, I believe in you.
same here but my relatives disowned me and it took 5 years to get ssdi
You can probably work. Writing? Blogging? Sales (make good deals on the phone)? Become a deal-maker? Politics activist, supported by likeminded people? Make TH-cam videos, by editing excisting videos, and get millions of views? Paint? Sing? Just to encourage you! Check out "Jim Rohn Best life ever". All of you. Worth it's time in GOLD.
@@gunnarhaldorsen4185 Thanks for the ideas. I have done some work translating. The problem is, it comes down to being able to do sustained work, 40 hrs a week (the SSA requirement) - hard to do when there is pain constantly, the need to move positions, etc. I want to work, I know I cannot live on disability even if it ever comes through.
Best wishes! Keep a positive mind as best you can. Your body is in pain - dont let the situation take your mind as well. Said from experience 💖🇦🇺
Amazing. This speech touched my heart.
Dorothée, Thank you so much. Your life past situation DO resonate with my own. I watch your presentation and took copious notes- I almost transcript the entire talk. Lots of blessings to you. Let me know the title and where I can find your book- it must be an inspiring reading, as it was writtem in the spur of a moment. So a true reflection from your inner soul.
I'm on #5 this step is only possible through the surrender to process. Once you surrender to a process you know you are building something.
But she didnt hit rock bottom . She had a network of people following her.
Like the 64 folks who gave her 10 euros for a book to be written in the future. A regular Joe wouldn’t have gotten one dollar.
She did hit rock bottom.... in her mind.... She still had a car (probably the nice one still), the house, internet connection, probably a nice computer or laptop, food everyday, electricity and gas and water bills paid out and so much more.... I find her quite irritating because I hit close to rock bottom (but I wouldn't dare call it that it of respect for people surviving in the street with nothing) while she was probably crying in her warm bubble bath after a nice meal reflecting on how immensely poor she had become. That shows the disconnection between the different social classes.
Great talk! Watch and listen until the end.
Most of your life u chase money. You thirst for it. You struggle to get it. When you do, you realize it is an illusion. Relationships, health, sanity, and experiences are all WAY more important.
Seriously!
why in the world would i chase and struggle to get money??? I never ever do that, like never
A R People love money and that's the reason they loose it. I have no love for people that don't love humans first.
She explained "the happiness equation" and "think and grow rich"
I highly recommend those two books ❤
With the recent happenings in stock I feel too scared to go in.
Why do you mention that. ?
@@brent6873 Maybe he doesn’t have much knowledge in it. People are scared to invest for their future because they don’t understand it. Not knowing that all you need is guidance.
You don’t need to save up for the future. If you wish for financial freedom then you have to invest in order to guarantee financial stability. Do you think Warren Buffet is saving up or Mac is scared to trade stock.
Actually I don’t know much about stock.
@@harrywilson850 Very helpful mate. This is what I needed to hear today. 👍
“It’s ridiculous how much money rich people spend on going somewhere quiet” 🤫 good point
Do you want to make some money this xmas season?
I retired at age 65. I’m now 70 with more money than I had then and probably more than I will need for the remainder of my life. I live in the tropics, 3 minutes motorbike ride to a sandy beach surrounded by mountains. I do yoga on the beach in the early morning and watch the sun set over the sea every evening. The key at any stage of life is to spend like a pauper and save like a king. Be content living a modest lifestyle and ignore the trappings set by those who do the opposite.
This is wonderfull how clear she expresses the average mindset. Thank you for making me understand.
Many comments here concentrating on no.10 (money is not important),
and ignore the first 9 where she explain why she is saying that.
Nooooooooooo
The wonderful thing about life is that you can do everything for free (be a volunteer in every part of your life)