I led a growth program at my work last year, the only way I survived while doing the rest of my job was to have an hour once a week to invest in growing that program and those people. I had this mentality before the program that some things just stay on my calendar as rhythms because there may be no end destination but they require a regular investment. I started to see that idea grow over the year similar to what you have here. Thank you for expanding on that vision and helping me solidify the power of rhythms that point towards your values/ desired outcomes. Small habits, big results!
Totally makes sense. First time I’ve heard someone says the phrase “dollar cost averaging”, but the concept has been around forever. Being more conscious about it as you would this year I think can help me. Thank you for bringing it up! I would like to do the same. Life is full of lessons and no matter the outcome, as we do things in a joyful way, we would already be successful as humans. If the result doesn’t turn up the way we like we are still joyful. This is success regardless. We can always think of something else to try. Thank you for sharing
This idea of making a commitment to do something at a specific time regardless of how you feel reminds me of a quote: "The future doesn't require me to hope... it only requires me to work." - The Embroidered Book by Kate Heartfield Keep us updated on how this process works out for you!
00:12 💰 Dollar cost averaging (DCA) involves systematically investing equal amounts of money at regular intervals, irrespective of market fluctuations. 01:23 📉 Emotional reactions, like fear of missing out (FOMO), can lead to counterproductive investment behaviors, such as buying high and selling low. 02:00 📈 Even Warren Buffett acknowledges the effectiveness of DCA, suggesting it often outperforms active day trading. 03:39 💡 DCA's principles can be applied beyond finance, extending to areas like health, where consistent habits yield better results than extreme, erratic behaviors. 04:32 🔄 Applying DCA to relationships involves consistently investing time and effort, expecting higher returns compared to sporadic, intense engagements. 05:39 🤔 The speaker anticipates that applying the DCA mindset to various aspects of life, including health and relationships, may lead to a more fulfilling and rewarding year.
11 years ago, I started letting my employer invest 6% of of every paycheck into our 401k. 6% went into the 401k on the 15th and the last day of every month. Because I didn’t stop my HR department, they increased the percentage each year by 1%. It was gradual, so I didn’t notice it. Like a frog in increasingly hot water. Now, they are investing 17% of my gross on a twice a month schedule. This definitely works. And I’m going to try DCA in my life, too, Vinh! If remember to, I’ll report back! 😊
It has been great! I’m 61, now. When I was 50 (Young and still quite ignorant!)…and my HR department first suggested it…I remember asking, “How much is 6% of my gross?” It wasn’t much, so I shrugged and told them it sounded good. After, literally, 9 years…I thought, “I wonder how much is going into the 401k?” WOW!
@@Michael_May Ooo, that's super cool of your HR! And it's awesome that your expenses were such that it seemed like a negligible amount to stock away! 💪🏾💪🏾 I'm inspired! Thanks for sharing, Michael. 🤩
Hello! Loving these personal video journals! You're always so insightful and inspiring. I think you're correct,l. I'm applying this concept starting now. You gave me a lot to think about. I do this somewhat in some areas of my life, but as someone commented, commitment and consistency are key. Thank you! 💖🙋♀️
This is something I have also learned the hard way very early on, and I’m so happy there’s an actual term for it! I’ve never heard of this before, and I’ve just kind of dollar cost average invested my whole life just because I began to assume it was a safer and less risky way of investing that allows me to more easily invest by just automatically scheduling monthly/weekly/daily investments of set dollar amounts as opposed to lump sums. Thanks for sharing how multifaceted and widely-applicable this concept is!
although I agree that this works with 99% of the things you do in life, I personally believe that there are moments where you are better off spending most of your day learning a new skill and really using all of you focus to achieve something that can then become a subconscious habit and then using DCA to make it compound. (a quick example would be to really push on a morning routine or something)
Thanks a lot, that helped a lot, let's be each other's accountability partners on applying DCA. I am very sure that DCA works in other areas as well. I heard small changes in life adds up to great amounts.
Thanks brotha for this easy to understand structure to lead what matters in life. It reminds me a little of "Stoicism" or Mozi Oncle. Doing : What's required... not What's we feel like doing (in frequent interval). Thanks for letting us know :)
MrBeast actually mentioned 2. when he was asked about it in the colin and sameer interview and he said that he warps reality or lives in the future something like that.
In terms of the market the foundational theory is that it will always trend up on a long time frame. Meaning the 6 month low does not matter. If you dump in money at consistent intervals you avoid putting too much in the market at high points and equalize putting money in at low AND high points. You end up reliably making money over decades. This is not a short term strategy of "buy low sell high" which my gut tells me is basically gambling.
Because nobody knows when is the lowest low or highest high. Periodic investing ("dollar cost averaging") establishes a regular investment habit to smooth out the bumps so you don't make as many behavioral mistakes: Panic selling during lows or FOMO buying during highs.
I like this video that illustrates how DCA works better than you think it would vs. "buy low, sell high." If you are able to wait to buy when low, that means you had money idling on the side, not invested when things were (and usually are) going higher. th-cam.com/video/mW0HdLFXhRQ/w-d-xo.htmlsi=sHFUnq39xK1IErEE
1:59 This is completely untrue. Kinfo is a leaderboard of traders who directly link their brokers through the platform. Steven Dux, Jack Kellogg, Kyle Williams & many more millionaire traders
Where do you live.. Nice and peaceful environment. . And for your idea .. Give it a try and tell me the results .. It will help in learning . Exercise is also good one but little funny when imagine you .. Sorry 😂
Consistency and commitment will always be king. What we are actually committed to IS the direction of our life.
I led a growth program at my work last year, the only way I survived while doing the rest of my job was to have an hour once a week to invest in growing that program and those people. I had this mentality before the program that some things just stay on my calendar as rhythms because there may be no end destination but they require a regular investment. I started to see that idea grow over the year similar to what you have here. Thank you for expanding on that vision and helping me solidify the power of rhythms that point towards your values/ desired outcomes. Small habits, big results!
Totally makes sense. First time I’ve heard someone says the phrase “dollar cost averaging”, but the concept has been around forever. Being more conscious about it as you would this year I think can help me. Thank you for bringing it up! I would like to do the same. Life is full of lessons and no matter the outcome, as we do things in a joyful way, we would already be successful as humans. If the result doesn’t turn up the way we like we are still joyful. This is success regardless. We can always think of something else to try. Thank you for sharing
That's such a brilliant way to look at relationships. And yes I believe DCA will definitely spill over into all areas of one's life.Thank you!
This idea of making a commitment to do something at a specific time regardless of how you feel reminds me of a quote:
"The future doesn't require me to hope... it only requires me to work."
- The Embroidered Book by Kate Heartfield
Keep us updated on how this process works out for you!
00:12 💰 Dollar cost averaging (DCA) involves systematically investing equal amounts of money at regular intervals, irrespective of market fluctuations.
01:23 📉 Emotional reactions, like fear of missing out (FOMO), can lead to counterproductive investment behaviors, such as buying high and selling low.
02:00 📈 Even Warren Buffett acknowledges the effectiveness of DCA, suggesting it often outperforms active day trading.
03:39 💡 DCA's principles can be applied beyond finance, extending to areas like health, where consistent habits yield better results than extreme, erratic behaviors.
04:32 🔄 Applying DCA to relationships involves consistently investing time and effort, expecting higher returns compared to sporadic, intense engagements.
05:39 🤔 The speaker anticipates that applying the DCA mindset to various aspects of life, including health and relationships, may lead to a more fulfilling and rewarding year.
I'm addicted to this mans words
Such a beautiful message Vinh. I'm with you on this one. ❤ Here is to a DCA-ful year.
11 years ago, I started letting my employer invest 6% of of every paycheck into our 401k. 6% went into the 401k on the 15th and the last day of every month.
Because I didn’t stop my HR department, they increased the percentage each year by 1%. It was gradual, so I didn’t notice it. Like a frog in increasingly hot water.
Now, they are investing 17% of my gross on a twice a month schedule. This definitely works.
And I’m going to try DCA in my life, too, Vinh! If remember to, I’ll report back!
😊
This is awesome!! Thanks for sharing! What you've described is a great way to counter lifestyle upkeep and inflation!
It has been great! I’m 61, now. When I was 50 (Young and still quite ignorant!)…and my HR department first suggested it…I remember asking, “How much is 6% of my gross?” It wasn’t much, so I shrugged and told them it sounded good.
After, literally, 9 years…I thought, “I wonder how much is going into the 401k?”
WOW!
@@Michael_May Ooo, that's super cool of your HR! And it's awesome that your expenses were such that it seemed like a negligible amount to stock away! 💪🏾💪🏾 I'm inspired! Thanks for sharing, Michael. 🤩
It's truly inspiring. The small principle can go a long way. Thank you Vinh!
Hello! Loving these personal video journals! You're always so insightful and inspiring. I think you're correct,l. I'm applying this concept starting now. You gave me a lot to think about. I do this somewhat in some areas of my life, but as someone commented, commitment and consistency are key. Thank you! 💖🙋♀️
This is something I have also learned the hard way very early on, and I’m so happy there’s an actual term for it! I’ve never heard of this before, and I’ve just kind of dollar cost average invested my whole life just because I began to assume it was a safer and less risky way of investing that allows me to more easily invest by just automatically scheduling monthly/weekly/daily investments of set dollar amounts as opposed to lump sums. Thanks for sharing how multifaceted and widely-applicable this concept is!
although I agree that this works with 99% of the things you do in life, I personally believe that there are moments where you are better off spending most of your day learning a new skill and really using all of you focus to achieve something that can then become a subconscious habit and then using DCA to make it compound. (a quick example would be to really push on a morning routine or something)
I have learned so much from you Vinh, thank you
Vinh, I'm loving those videos.
Really good concept to apply in other areas of life! This was genuinely thought provoking.
Hello Vinh, can you recommend a video, a person or a book to learn investing from
This makes so much sensee!!!!!
Thanks a lot, that helped a lot, let's be each other's accountability partners on applying DCA. I am very sure that DCA works in other areas as well. I heard small changes in life adds up to great amounts.
Thankyou sir for your guidance it helps me a lot
You can feel that the DCA on health will be the hardest one 😂.
I'm actually trying the same thing (just physical exercise for now, baby step 😅)
I'm favoured, $60K every week! I can now give back to the locals in my community and also support God's work and the church. God bless America,,
two
If I may ask how you manage to earn so much.., what are your strategies??
Since meeting Expert Sarah, I now agree that
with an expert managing your portfolio, the rate of profit is high, with less risk.
AS!! I know it's possible, I'd appreciate it if you showed me how to do it.
So you guys know her too?.
Wow she made my wife and I have our own house and car.
She is good! 👌
I keep hearing a lot about Ms. Sarah Martinez, she must be really good
Please find and meet Phil and Danielle Town and read their books if you haven't already...
something to think about...
Love from India #✨
You normally should invest more when the prices/market drops because it will eventually increase.
I think you're right too.
1:00 - DCA
Measure your success based on your inputs, not your outputs!
First Viewer and Comment.
Thank for you really great videos.
First is the worst, second is the best! Just kidding lol have a great day!
@@YWUBHYD Hahaa. Thank You.
Thanks brotha for this easy to understand structure to lead what matters in life. It reminds me a little of "Stoicism" or Mozi Oncle. Doing : What's required... not What's we feel like doing (in frequent interval). Thanks for letting us know :)
Profound ❤
I prefer to buy low sell high
MrBeast actually mentioned 2. when he was asked about it in the colin and sameer interview and he said that he warps reality or lives in the future something like that.
Vinh are you back in Adelaide?
I draw everyday🎉
I am planning to DCA in my studies this year, but it's so damn hard to do it when you don't feel like studying.
consistency 🙂
Buy low, sell high, is what I've always heard. Does someone have a suggestion for learning why DCA works?
In terms of the market the foundational theory is that it will always trend up on a long time frame.
Meaning the 6 month low does not matter.
If you dump in money at consistent intervals you avoid putting too much in the market at high points and equalize putting money in at low AND high points.
You end up reliably making money over decades. This is not a short term strategy of "buy low sell high" which my gut tells me is basically gambling.
For short, DCA work “most” of the time because you dont have to time the market.
Because nobody knows when is the lowest low or highest high. Periodic investing ("dollar cost averaging") establishes a regular investment habit to smooth out the bumps so you don't make as many behavioral mistakes: Panic selling during lows or FOMO buying during highs.
I like this video that illustrates how DCA works better than you think it would vs. "buy low, sell high." If you are able to wait to buy when low, that means you had money idling on the side, not invested when things were (and usually are) going higher. th-cam.com/video/mW0HdLFXhRQ/w-d-xo.htmlsi=sHFUnq39xK1IErEE
TL;DR Atomic Habits = DCA
Good
1:59 This is completely untrue. Kinfo is a leaderboard of traders who directly link their brokers through the platform. Steven Dux, Jack Kellogg, Kyle Williams & many more millionaire traders
Where do you live.. Nice and peaceful environment. .
And for your idea .. Give it a try and tell me the results .. It will help in learning .
Exercise is also good one but little funny when imagine you .. Sorry 😂
I don't understand. Why do you crave sugar the less you consume it? That's not how sugar works.
first