I've found that surrounding yourself not only with the right people physically but mentally as well is one of the biggest keys to reprogramming your mind to adopt the habits of wealthy people. You don't have to be friends with millionaires to learn from them these days thanks to podcasts, books, etc. Nice video Vincent!
Absolutely! I found mentors through casual conversations at work on how to stay out of debt, pay house off early and save for retirement. Best education yet. ❤
Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Instead of trying to predict and prognosticate the stability of the market and precisely when the change is going to happen, a better strategy is simply having a portfolio that’s well prepared for any eventually, that’s how some folks' been averaging 150K every 7week these past 4months according to Bloomberg.
The US-Stock Mrkt had been on it’s longest bull-run in history, so the mass hysteria and panic is relatable considering we’re not accustomed to such troubled mrkts, but there are avenues lurking around if you know where to look. My husband and I are retiring this year with over $7,000,000 in tax deferred investments. up until 3 years ago we were 100% in the S&P. During bear markets we had a perfect plan. We got an investment manager in our corner and didn’t look at our portfolio for nearly a year..
I believe the safest way to invest is to craft an all weather portfolio. It’s a life time research and there are tons of great resources like books and journals and research papers
Not making upto a million before retirement is an unfulfilled retirement. I’m 54 and my wife is 50 . We are both retired with over $3million in net worth and no debts. Currently living smart and frugal with our money. No longer putting blames on the FED for our misfortunes. Saving and investing lifestyle in the stock market made it possible for us this early. Even till now, we earn weekly.
With her assistance, i was able to diversify my 4k$ portfolio across multiple markets, earning over 9k$ in net profits from high end dividend yielding stocks, ETFs, and bonds in just a few months.
I have watched Dave Ramsey for many years and am happy to have been debt free for over two years. I am currently stuck between saving and investing. I don’t really have much knowledge at all about investing.
Its just disciplines/consistency/iteration is all u need least make it too middle class if not higher. Main prob is most people quit b4 they reach expoential learning curve, thry fail to build the basic mental infrastructure in some domain/field -> everything after is where real growth actually happens. I can almost guarantee if you spend next 5 years focsuing on 1 craft (not focusing on money) and just growing ur going be fine.
I think more of this video should have focused on delaying gratification....especially in regards to starting a business. Almost no businesses are successful right out the gate so you are literally forced to endure delaying gratification. Great video and love the content you make!
I couldn't agree more! The act of resisting an impulse to take an immediately available reward in the hope of obtaining a more-valued reward in the future. Saving money for retirement instead of spending it now is also an example.
I agree! Focusing more on the concept of delaying gratification, especially in the context of starting a business, would have been valuable. Most successful businesses do require patience and delayed gratification, and highlighting this aspect can provide important insights. The video is great, and the content is highly appreciated! 🚀📺👍
Agree! This ability to delay gratification is a key trait that separates those who thrive in the business world from those who may struggle to sustain their ventures.
Indeed, Emphasizing delayed gratification, particularly in entrepreneurship, would be valuable. Success often requires patience, and this insight would enhance the video. Great content!
*"The more you learn the more you earn."* I've become so jaded on the topic, but this quote is so undeniably true. It's the only wealth building advice I listen to anymore. The only advice that is able to crack my hard shell and get through to me. My one and only problem though, is I'm a jack of all trades and master of none. I have way too many interests that I'm unable to pick just one. I could easily become the next big phonk house artist if I really wanted to. But thats just one of hundreds of interests I have. I just can't pick.
I feel such a failure. Even though I studied sm and had many experiences... I still feel like that. I tried yt the past year but it's not working out. Today is a bad day.
Great video! Learning how to conform and reprogramming your mind is crucial. Failure is the only way to success. Wishing you all the best of luck on your endeavors!
@@VincentChan self-efficacy and self-determination for those that passed their CRNA boards on their first attempt… i did not pass on my first attempt 😞 but was successful on the second time (mindset is everything…millionaire or success at your studies)
So I went to Welding Trade School a year ago. I have a crappy S7 Stick Welder, some rods, and even TIG Filler Metal Rods - but get this - not a SINGLE shop wants to hire me because I don't have 2 years of "muh experience". I don't know anyone who even wants to pay for Welding services.
@@VincentChan Mine keeps claiming it has lost it's magic touch! Maybe your suggestion of a new tiny light bulb will bring it to come up with new tiny yet brilliant ideas.
WE all know that not everybody can become rich so the whole research is fun but definitely misses out on the fact that rich benefit from the fact that most people are NOT
Great video (as always) -- the delayed gratification comment feels like a topic for a whole other video! There really is something there to people, in life, not wanting to wait for two marshmallows. Perhaps a video on ways to build a stronger affinity for delayed gratification if you don't have it?
I disagree with the last point, there is no proof that the model for success isn't bias due to boomer era instead of the economy today. I have a feeling you are just reading off the books you read. A lot of those writers bias against millennials because a lot of them are probably boomers who wrote those books. I hope you did digest and understand their bias as well.
![CAMPปลิ้น | EP.83[2/2] ประสบการณ์ขนหัวลุกจากตำนานวงการผี!](http://i.ytimg.com/vi/T_kFecQw7Ds/mqdefault.jpg)
💵 Build a wealthier and healthier life in 5 minutes weekly, for free → vincentchan.co/rethinkable/
I love the editing of your videos and their effects, Could you mention what course you took to improve your video skills? please
For most people finance is like fitness: the equation is simple but the implementation hurts😊
So true, it takes motivation and discipline to make your finance (and fitness) goals come true.
Youre so right! Its always worth the effort
I've found that surrounding yourself not only with the right people physically but mentally as well is one of the biggest keys to reprogramming your mind to adopt the habits of wealthy people. You don't have to be friends with millionaires to learn from them these days thanks to podcasts, books, etc. Nice video Vincent!
exactly! surround yourself with the right people is key :)
Absolutely! I found mentors through casual conversations at work on how to stay out of debt, pay house off early and save for retirement. Best education yet. ❤
Totally agree 👍🏽
I used to be tired of being broke. The #1 thing I did was get a good night's rest. Now I'm not tired anymore... still broke though 😂
Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Instead of trying to predict and prognosticate the stability of the market and precisely when the change is going to happen, a better strategy is simply having a portfolio that’s well prepared for any eventually, that’s how some folks' been averaging 150K every 7week these past 4months according to Bloomberg.
That’s crazy, I’m just doing everything wrong with my portfolio.
The US-Stock Mrkt had been on it’s longest bull-run in history, so the mass hysteria and panic is relatable considering we’re not accustomed to such troubled mrkts, but there are avenues lurking around if you know where to look. My husband and I are retiring this year with over $7,000,000 in tax deferred investments. up until 3 years ago we were 100% in the S&P. During bear markets we had a perfect plan. We got an investment manager in our corner and didn’t look at our portfolio for nearly a year..
Same here, 75% of my portfolio is in the red and I really don’t know how long I can stomach the losses. I’m beginning to reach a breaking point.
Patience patience patience. It's a cycle.... a sucky point in the cycle, but a cycle nonetheless.
I believe the safest way to invest is to craft an all weather portfolio. It’s a life time research and there are tons of great resources like books and journals and research papers
Reprogramming my mind requires discipline. This economy might be the motivation I need. Thanks for another helpful video!
100%, you got this :) how is everythign going?
@VincentChan expensive summer, so I need to cut all spending until bills are paid
Not making upto a million before retirement is an unfulfilled retirement. I’m 54 and my wife is 50 . We are both retired with over $3million in net worth and no debts. Currently living smart and frugal with our money. No longer putting blames on the FED for our misfortunes. Saving and investing lifestyle in the stock market made it possible for us this early. Even till now, we earn weekly.
I must also give credit to Larysa Caba. She made all this possible through the great decisions she made with my portfolio.
I trade with her every week and make huge profits from her. her consistency is crazy.
It's amazing that you got to know her. she has been a blessing to me and my family.
I just looked up her name online. she is licensed with credible certificates and has an amazing track record. Thank you for the message.
With her assistance, i was able to diversify my 4k$ portfolio across multiple markets, earning over 9k$ in net profits from high end dividend yielding stocks, ETFs, and bonds in just a few months.
I have watched Dave Ramsey for many years and am happy to have been debt free for over two years. I am currently stuck between saving and investing. I don’t really have much knowledge at all about investing.
your videos are seriously soo good! so well researched, and they teach so much in a short amount of time.
Its just disciplines/consistency/iteration is all u need least make it too middle class if not higher. Main prob is most people quit b4 they reach expoential learning curve, thry fail to build the basic mental infrastructure in some domain/field -> everything after is where real growth actually happens.
I can almost guarantee if you spend next 5 years focsuing on 1 craft (not focusing on money) and just growing ur going be fine.
I think more of this video should have focused on delaying gratification....especially in regards to starting a business. Almost no businesses are successful right out the gate so you are literally forced to endure delaying gratification.
Great video and love the content you make!
I couldn't agree more! The act of resisting an impulse to take an immediately available reward in the hope of obtaining a more-valued reward in the future. Saving money for retirement instead of spending it now is also an example.
I agree! Focusing more on the concept of delaying gratification, especially in the context of starting a business, would have been valuable. Most successful businesses do require patience and delayed gratification, and highlighting this aspect can provide important insights. The video is great, and the content is highly appreciated! 🚀📺👍
Agree! This ability to delay gratification is a key trait that separates those who thrive in the business world from those who may struggle to sustain their ventures.
Indeed, Emphasizing delayed gratification, particularly in entrepreneurship, would be valuable. Success often requires patience, and this insight would enhance the video. Great content!
Motivating video! Being broke is tough, but your video gives hope and direction. Thanks for the inspiration!
*"The more you learn the more you earn."* I've become so jaded on the topic, but this quote is so undeniably true. It's the only wealth building advice I listen to anymore. The only advice that is able to crack my hard shell and get through to me. My one and only problem though, is I'm a jack of all trades and master of none. I have way too many interests that I'm unable to pick just one. I could easily become the next big phonk house artist if I really wanted to. But thats just one of hundreds of interests I have. I just can't pick.
yes!!! upskilling is key
@@VincentChan And also, you don't know what you don't know.
They way you keep me watching your videos is crazyyyyyy - especialy the ending where you lead me to another
How do you have a video for EVERYTHING. I love it
I feel such a failure. Even though I studied sm and had many experiences... I still feel like that. I tried yt the past year but it's not working out. Today is a bad day.
Great video! Learning how to conform and reprogramming your mind is crucial. Failure is the only way to success. Wishing you all the best of luck on your endeavors!
wishing you the best of luck too!! how is everything going?
This is the best way to start a Sunday finance content marathon 🥳
hahah thank you so much alexandra! is there anything you want to see more of?
of course! Could you include a portfolio breakdown for FIRE videos and a quarterly market update? Love your content! @@VincentChan
step 1: live in one of the richest country in the world
Haha I was looking away at 0:58 and heard "HORSE MAN" an instantly was intrigued as to how Bojack would make me wealthy 🐎
hahahha
How do I find that side hustle?
Thanks, this really helps put things in perspective!
that's very kind of you to say, thank you. how's everything going?
Nice! I used Dr. Carol Dweck research for my dissertation defense 😊
that's awesome, what did you talk about?
@@VincentChan self-efficacy and self-determination for those that passed their CRNA boards on their first attempt… i did not pass on my first attempt 😞 but was successful on the second time (mindset is everything…millionaire or success at your studies)
So I went to Welding Trade School a year ago. I have a crappy S7 Stick Welder, some rods, and even TIG Filler Metal Rods - but get this - not a SINGLE shop wants to hire me because I don't have 2 years of "muh experience". I don't know anyone who even wants to pay for Welding services.
You amazing man!!
Love it 🤩🤩🤩🤩 thank you 🎉🎉🎉🎉
My magic lamp is unfortunately also broken. I'm still waiting for it to work again.
bleh it sucks :( i need to get a very tiny light bulb to make it work again. bummer. what's wrong with yours??
@@VincentChan Mine keeps claiming it has lost it's magic touch! Maybe your suggestion of a new tiny light bulb will bring it to come up with new tiny yet brilliant ideas.
OMG, how can someone talk so much without saying ANYTING
Appreciated
@FinanceYT- BOT
give me money, then I can solve this problem, or if you can convince others to give me money, I will support you 1000%
As a teacher, we are trying to change this, but it is dificult
WE all know that not everybody can become rich so the whole research is fun but definitely misses out on the fact that rich benefit from the fact that most people are NOT
The Ramsey Solutions 10,000 millionaire study was an amazing find. I too thought to be a millionaire you had to make that much. 😂
22.7 million people are Millionaires
I HAD THAT EXACT SAME SPIDERMAN WALLET!!!
Great video (as always) -- the delayed gratification comment feels like a topic for a whole other video! There really is something there to people, in life, not wanting to wait for two marshmallows. Perhaps a video on ways to build a stronger affinity for delayed gratification if you don't have it?
that's a brilliant suggestion :) ill for sure add it to my list. anything else you think would be helpful?
I disagree with the last point, there is no proof that the model for success isn't bias due to boomer era instead of the economy today. I have a feeling you are just reading off the books you read. A lot of those writers bias against millennials because a lot of them are probably boomers who wrote those books. I hope you did digest and understand their bias as well.
Who's first?
you!! welcome to the video :) what did you think of it?
Regrettably I cant afford $25.00 a month for WPX.
Self made: aka a small loan of 1 million from their parents.
Woah I’m so early!
ayyy haha awesome :) what did you think of the video?
🎉w