I Will Teach You to Be Rich! | How to Live a Rich Life
ฝัง
- เผยแพร่เมื่อ 5 ส.ค. 2024
- Ramit Sethi’s I Will Teach You to be Rich is a wildly popular personal finance book, and for good reason. These are the key points you need to know to be on your way to financial freedom and leading a rich life.
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TIME STAMPS:
00:41 - Would You Rather be Sexy or Rich?
02:35 - Optimize Your Credit Cards
05:47 - Beat the Banks
06:47 - Get Ready to Invest
08:05 - Conscious Spending
10:26 - Automation, Saving, & Investing
13:58 - A Rich Life
LINKS FROM VIDEO:
I Will Teach You to Be Rich Book: geni.us/HGGnz
Book Summary Playlist: • Book Summaries & Reviews
Credit Card Churning Playlist: • Credit Card Churning -...
Personal Capital: personalcapital.sjv.io/c/2938...
Mint: mint.com
YNAB: www.youneedabudget.com/
#financialindependence #iwillteachyoutoberich #booksummary
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Disclaimer: Content of this video is my opinion and does not constitute medical advice. The content and associated links provide general information for general educational purposes only. Use of this information is strictly at your own risk. Kevin Jubbal, M.D. and Med School Insiders LLC will not assume any liability for direct or indirect losses or damages that may result from the use of information contained in this video including but not limited to economic loss, injury, illness or death. May include affiliate links to Amazon. As an Amazon Associate, I may earn a commission on qualifying purchases made through them (at no extra cost to you). Personal Capital Advisors Corporation (“PCAC”) compensates (“Company”) for new leads. (“Company”) is not an investment client of PCAC.
I genuinely believe stuff like this should be taught from a really young age so it filters through into adulthood!
Rhesus Medicine I’m sixteen and Maybe half of this video was just gibberish to me. None of these concepts have been explained to me and I’m sure it’s gonna take me a while to understand them, since finance and economics is so foreign to me.😩
@@AndreaGonzalez-gq3jo Hi Andrea! You're certainly not alone 🙂 At 16 you have a fantastic opportunity because the earlier you can apply these principles the more it pays off in the future. Don't worry about technical stuff too much, the basic idea is to:
1) "live below your means", basically meaning spend less than you earn
2) Invest the money and let compounding take over (type 1000x1.10 into a calculator and press = a load of times, you'll see how it works).
I can recommend Rich Dad, Poor Dad and The Richest Man in Babylon as good books to get started- I wish I had at 16!
Rhesus Medicine thanks sm
@@RhesusMedicine thank you so much, these books help me a lot.. and I feel lucky to read you're comment.
Can you make a video explaining the financial aspect of being a doctor? When do you start having an income, what's the average there, how do you rise up in salary, etc...
He answers this question in previous videos!
Actually He Had A Pretty Good Video Regarding That Even With All The Salary Hikes Age You’re Gonna Earn And All. I Don’t Remember Which Video Though. Do Have A Look At His Channel
Not sure if he made a video about this, but I really recommend reading the Book "The White Coat Investor"
潘)安)安排)安排)
怕！
There is a big plus to frugality though; and it's not the +$3 +$3 +$3 you save daily.
It teaches you the difference between price and value, and helps keep you off the path of lifestyle inflation.
7:10 I like how that’s a doctor’s signature (it’s unreadable).
I studied this in college and can say I back all the content in this video 100%. Something I did not see mentioned in this video (but super good info if you are younger), is to get insurance earlier on. If you are 18-24 yrs old and do not drink, you will be able to secure significantly cheaper insurance rates.
Do you need to prove that you don't drink?
Thank you so much for putting out this videos they have helped me so much and I always look to them whenever I have a problem in school. Sometimes I am not the smartest student but my peers know that I am the most hard working and I think with your videos I can make it to Med School and achieve my goals. Thank you for Med School Insiders!!!
This is such a great video. I love listening and learning about personal finance advice from physicians! As a 2nd year med student I already have student loans pilled up to ears 😖 I want to be debt free 5 years after residency. Any advice and strategic management skills in finance is highly valuable. Thank you, Kevin/MedSchool Insiders 🙌🏿
Most important part about getting debt free asap into residency is about living VERY cheap. Basically keeping your student habits and not falling for lifestyle inflation - or feeling you "deserve that expensive .... " now.
Lifestyle inflation = everything.
Im not old enough to understand what this is but I feel like I need this
Same lol
I just want tobe rich because i want to open an animal rescue
yerebiz YES best reason ever!!!!!! I hope you’ll get rich ❤️
SAME!!
@@misspeaches1144 thank you so much, i just feel like there are to many animals sufering in this world😢♥️
@@avacaza7851 never give up, no matter how hard it gets, just think of all the animals you can help get the best life posible♥️
@@avacaza7851 and also, dont make the money the reason you become a doctor, its a long commitment and you need to make sure you love your job😊♥️
Can you please do a “So you want to be a pediatric surgeon” also this was a good video, thank you
Doctor Kevin Jubbal, Thank You for your extraordinarily interesting well-produced content; my friends and I have Learned a lot from you. Many People go to College and Major in Biology with the Plan to eventually become an M.D. Doctor, but often that Plan does not pan-out. So People are left with a Biology Degree and wondering what to do. My friends and I would greatly appreciate it if you would make a Video on what Jobs People can obtain with a Biology Bachelors Degree. Thank you in advance for a Video on the subject of what Jobs are available for People with Biology Bachelor's Degrees.
I can't wait to study this book tomorrow!
Well that reminds me of my childhood, when I was in deep financial crisis. But I was determined and a hard worker, I worked hard, fought wars, established bases and trade posts in the Indian subcontinent and even subdued the mighty mughals, thus creating British India I made myself into one of the most successful enterprises in the world.
And you tortured and slaughtered the Indians in the process
Love the video!
fantastic video Med School Insiders. I shattered that thumbs up on your video. Keep up the very good work.
Learned so much. Ty
Thanks very educative.
Bruh I don’t know if it’s the law of attraction but. You’re my favorite channel and I discovered this book like 3 days ago and now you’re talking about it wtf
Target Dated Funds are great for the stock/bond ratio you mentioned before.
Can you do a video about being a Physician Assistant? I am looking into going into becoming one but I need solid foundation on this career.
Nooooo F*cking WAAAY!! I love this book 😭 This is soooo freaking AWESOME!!!
Hi Kevin! Great video! Can I ask, what video editing program do you use?
Hey Dr Jubbal, please make a video on how can a doctor make a transition from medicine to business. Does an MBA degree help him to do so or an out of line/unconventional work experience. Coz it’s really difficult to take out time to explore new things while practicing medicine. I have also noticed that the risk taking ability is very very less in doctors as we have been trained that way that we can’t take any risks with our patients....Hello I’m Dr Pulkit from India and I feel wonderful to meet a like minded doc through this online platform
The rich gets richer. But if you don't do anything, you aren't going anywhere either
Thank u for this video
I want to be a clinical psychologist or a paediatrician. Any advice on which one is better
Can you make a video on how to prepare for the medical career when your just in middle school? And is it easier to become an optometrist or ophthalmologist? What's the difference?
In high school, volunteer like crazy, get good grades, and be involved. Get into your school’s health science classes and be in involved with their HOSA program (if they have one). Other than that, nothing really matters until you are in college.
An ophthalmologist is a doctor who finishes medical school (where he/she learns about the entire body) and then completes residency training in order to exhaustively perform any treatment on the eye including surgery. An optometrist goes to a 4 year optometry school and learns about treating the eye. While the two medical professionals may work closely together, they are entirely different careers and there is not any way for an optometrist to become an ophthalmologist without first going to medical school. An optometrist is like the primary care provider for your eyes, prescribing you contacts, glasses, and performing minimally invasive procedures. An ophthalmologist handles the more invasive procedures and more serious eye concerns. Optometry=4 years after college, ophtho=8 years after college. Both are doctors, but optometrists are OD’s (optometry doctors) whole ophthalmologists are doctors of medicine (either MD’s or DO’s). It’s pretty early to be getting ready for graduate school, but if you’re watching these videos in middle school, you’ll be fine as long as you stay disciplined. Just don’t loose track of the goal and get good grades. More is needed, but that has to be the foundation.
thank you
💵 I WANT TO BE RICH 💵
1:35 ah yes, I see the reference....... conserve and preserve...... values .... hope all is well in America ;-;
Thanks
I’m going to be a senior in high school (also 18 in October) and I’ve saved up $2000 from my part time job. Even though I’m young and don’t have too much capital, would now be a good time to start investing? Or should I keep saving up until I graduate from undergrad or even later? Also I currently have a debit card but should I try getting a credit card soon?
hey, I highly, highly suggest you look up Systematic Investment Plans and find the US version of it.
2000 dollars is a great sum to start investing with and you're only 18. Things are in your favor.
Atlanta Baruah thanks for the advice, I found what I believe is the American version, it’s called a Constant Dollar Plan, but I’m going research it a bit more.
Can you make a video about bs/md program
Is this book of any use if I'm not American?
Love from Bangladesh 🇧🇩 🇧🇩 🇧🇩
Me too
I want prepare exam usmle for get residency but I also want start volunteering job but I fear not do well two job same can you help me how to handle
What are your thoughts on getting a credit card from a credit union for the first time?
Does playing an instrument at all improve your chances to being a better surgeon?
Also, could you consider doing a video on exactly what colleges will look for and what are some of the pit falls you could say in an application or an interview?
this was good shit
Hi my name is Gabriella and I am a high schooler and I was wondering if you could do a vid on how high schoolers can get ahead in the medical field?
He has a video on the path to becoming a doctor that starts with high school.
Hi, research on bs/md program and you will like it, this program is for high school students that are 100% sure to become a doctor, this program is college and med school combine, in 6,7 or 8 years.
if you are going to consider a combined direct med program like the above comment mentions, I’ve found that a lot of those programs like it when applicants have research experience. It doesn’t have to be much either. For me, I just emailed a local university professor to see if I could shadow one of the projects he was working on. Also be aware that these combined programs are extremely competitive, usually taking about 20 to as low as 6 students.
@@mr.morningstar9906 Thanks I will looks into it!
I've heard here and there but is it right to put many away for retirement ?
Am here
I really liked Dr. Jubbal’s points on the victim mentality
What about the share marketting
A 2% savings rate? Pie in the sky.
how do u make these videos animated?
like what is the app u use?
First
First, love this channel
Yo I like ikea and chloe ting
hi!
I'm 14 at this moment, hopefully this will be useful.
This is pretty standard fare, but useful anyway.
Most confusing video I have ever seen, I was blurred out throughout the whole video. I’m going to be a freshman for college and I wanna get a head start into investing, so I can hit retirement with a load of cash in the end. The earlier I start the better. This just made my understanding even worse.
AAMC financial advisor came to our school and told us the $15 pizza we buy is going to cost us $500 down the road. So screw you sharing and bonding with your classmates.
commenting for the youtube algorithm
please i need a native speaker to teach me english but i don't find
can you help i wanna you help in hangouts
like give me cours i need to go to america but my english is weak
Hey. Can you do a so you want to be video about cardiothoracic surgeon. It would be super nice.
Dr. Jabbal: Facts are more important than your feelings.
Translation: F*** your feelings.
Why did you make Ramit white when he is an Indian?
please do so you want to be a neurologist!!
Live below your means
I am just gonna follow Dave Ramsey.
can you PLEASE do “So you want to be a TRAUMA SURGEON”
This video was just gibberish to me.
Lol I am seeing TH-cam glitch. There it is showing that no views but I can see 4 likes and 2 comments
2:31 I mean
Sure, personal financial decisions are important.
But there's no denying that we live in a pretty systemically broken economy right now and that the rags-to-riches American Dream isn't actually achievable for everyone. Social/income mobility isn't as simple as just applying yourself correctly
I think there's space to recognise both things: that the system is kind of fucked, but that you also have the ability to make the best of it.
horrible advice of not trying to time the market. big hedge funds and smart money prey on people with that mindset. they want you to do that so they can steal your money. learn technical analysis. anyone who knows technical analysis will outperform a buy and hold investor. markets move in cycles. most people end up buying near the top and then they lose their money because they listen to people like you who know nothing about trading in financial markets. thumbs down from me solely because of this point.
I will teach you to be rich faster than this - stop spending money.
This Just prevents you from becoming poor, not becoming rich