The 3 MONEY HABITS That Keep You BROKE! (RICH VS POOR MINDSET) | Wallstreet Trapper
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- เผยแพร่เมื่อ 14 พ.ค. 2024
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On Today's Episode:
Does paid on Friday and broke by Monday feel familiar to you? Living paycheck to paycheck is killing millions of dreams and burying the opportunity for wealth alive. You don’t have the money to invest and purchase assets, but the thought of possibly losing money to stocks is more painful than spending $80 on food and drinks for a night out.
Not knowing what to do with the money you earn will keep you broke, frustrated and feeling deflated when you have one financial emergency.
Wallstreet Trapper in the financial business coach and investment coach simplifying the investment game to make it possible for everyone. He believes in building wealth one share at a time and is joining Tom for a conversation that is as jaw dropping as it is information rich.
His advice is simple. Learn how to save, spend, invest, borrow money so that you can build wealth in ways you didn’t think were possible. Information and knowledge are the key and the sooner you recognize that your money habits are making you broke the faster you can begin to improve your mindset and build wealth.
Catch Wallstreet Trapper’s background story and 1st episode with Tom here: • How They Keep You Brok...
SHOW NOTES:
0:00 | Introduction to Wallstreet Trapper
0:37 | 3 Money Habits Keeping You Broke
4:03 | Business Isn’t The Only Way to Wealth
13:17 | Investing Made Easy for Everyone
21:54 | Paycheck to Paycheck Mentality
33:56 | Structure of a Poverty Mindset
44:23 | Value What Makes You Rich
1:03:01 | Build The Bricks for Wealth
1:14:36 | Don’t Focus on The Wealth Gap
1:20:51 | Doing This Changed Trap’s Game
QUOTES:
The reason why people are broke or people lack the money they should is because they don’t know how to operate money. They don’t know how to spend money, they don’t know how to invest money, they don’t know how to save money, they don’t know how to lend money.” [0:54]
“You can’t work 24 hours a day, but your money can.” [1:46]
“The moment you don’t spend on things you don’t need, now double back to the more things you can invest in [3:50]
“Investing in the stock market isn’t an IQ game, it’s not about being the most brilliant person in the world, [...] it’s about understanding basic economics.” [13:55]
“Everybody won’t be able to build a billion dollar business, but everybody can invest in one.” [15:07]
“A dollar that’s not moving is a dollar that’s losing.” [19:03]
“People who come from lower income, working class environments, the worst thing that can come to their mind is losing money that I’ve bust my butt for. That’s what makes the market so scary for them, and that confusion keeps them out of the market.” [21:40]
“When a family’s in survival mode we can’t think about money.” [28:02]
“People don’t like the truth because of how it makes them feel, but if you tell the truth they have no other option but to face it.” [48:53]
“You can store calories in another human being by feeding them when you have an abundance.” Tom Bilyeu [53:33]
“Building relationships with other successful people, or building relationships with people that’s based off integrity, can help your business get to another level because some rooms you can’t get in with money. Some rooms you can only get in based on who you know.” [56:17]
“You get what you celebrate.” Tom Bilyeu [1:02:44]
“I don’t want to focus on closing the wealth gap, [...] my focus is how do we now contribute to every person's family increasing their purchasing power.” [1:14:36]
“Be willing to get past the fear because the fear interrupts the legacy that you’re trying to build.” [1:23:40]
“If you can play the game on a high level the return on investment is infinite.” [1:26:30]
Follow Wallstreet Trapper:
Website: www.wallstreettrapper.com/
Twitter: / wallstreet504
TH-cam: / @wallstreettrapper
Instagram: / wall_street_trapper
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WARNING: I will never ask for your contact info in the comments section, that is someone impersonating me!
2q
Where you guys talking about yarrow mamout?
Wow, what an interview, you both rock! Thank you Tom, lov'ya even from Italy! 🤩
Hey Tom, what’s your mother’s maiden name, SSN, and the street you grew up on. Asking for a friend.
Love the interview 👌,i know you have money so why ads every 10 minutes?😕
The fact that there must be a disrupter in a family to change the trajectory of the family blew my mind. 🥺
understand the context.....
“Nothing happens in a comfortable space but sleep!!” Mannnnn that hit me like a ton of bricks!!!! Thank you for this amazing conversation, life changing information 🙌🏾🙌🏾🙌🏾
Branson‘s I used to be scared of sales because he was said don’t do sales well I’ve made more money than I’ve ever made in my life in one year but $150,000 when my closest year was about 24,000 before started started, so yeah, do things that make you uncomfortable you never know how this start out and end
That’s what I did as a single parent. I invested in where I chose to live. I took my son & daughter and moved to a small coastal town where the rent was higher but I knew the investment was in my kids and their future. It worked out. Both of my kids bought their own homes at 24. Both are wonderful with money and successful adults. Integrity & Honesty are Solid & Golden.
Good for you, what an awesome turnout to something that was probably a hard choice to make at that time & a great turnout for your children 😀
If u surround yourself amongst wealth you will follow the same path. U want to be poor, go live with the poor unfortunately sadness follows poor.
This made my day. Hope you're doing well, sure you are if they're doing well 😀
Good kids are such a blessing❤
@@vee2841 Yes, they truly are. A blessing not only to their parents but the world, Good Humans.
Poverty is lack of informations
This interview is full of light.
Poverty generates crime.
I love how Tom bilyeu gets straight to it in the beginning of the episode…no small talk no bs…just straight to it
he also used the same thumbnail on both episodes :/
A financial professional you work with could really prepare you for life. The fact that I was able to get in touch with my coach, Nicholas Elias Karim, earlier this year makes me happy since, while others were complaining about the economy, I was busy finally cashing out, earning over 370k just in the first quarter of the year.
I appreciate you sharing your story of achievement. I instantly entered your coach's name into Google to find him. His signals are good, and he is easy to work with.
@@peterstilwell7953 The fact that Nicholas Elias Karim is simple to find on Google and is also incredibly quick and trustworthy is one of his best qualities.
He truly is incredible. We are now making more money than ever thanks to the stock and bond investments he taught us how to make. As it is, I'm happy with my $30,000 portfolio. I started this voyage with $4,000 in my bank account. Because I made the appropriate investments at the right time, I was able to conserve time for my family and the future.@@rachellovescats8481
When he said about entrepreneurship that you “should only do it if you can’t bear to not do it”, I was like “yep, that 100% describes how I feel”
The energy between you two is amazing
👏🏽👏🏽👏🏽👏🏽
Wow. That reference of a pawn getting to the other side of the board and becoming whatever he wants… 🤯. That’s great content right there.
Yes indeed!
There are a lot of strategies to make a tongue-wetting profit that the average Joe don't know. Personally, the financial market for me seems the only way forward with my long time horizon (accrued roughly $679k in gains since Mid 2021 ) but if you don’t have that fortune of time it’s a tough market out there almost nowhere feels safe!
If you’ve got patience I believe it’s a great time to invest… I’m no expert but as Warren buffet said he’s seen this happen a number of times throughout his life
I've known I had wanted to start investing for a few months but just haven't been brave enough to start due to the market so far this year. I have $60k I want to transfer into an S&S ISA but it's hard to bite the bullet and do it. $679 is a huge milestone, Please what's your strategy? I will love to have an insight
I began with a fiduciary portfolio advisor by the name *MARTHA ALONSO HARA* . She’s verifiable and her works ethics is in accordance with the US investment act of 1940. Her approach is transparent allowing total ownership and control over my portfolio with fees very reasonable in comparison with my investment income. Also, She covers things like investment insurance, ensuring retirement is well funded, and discussing tax advantages and ways to have a volatility buffer for investment risk. many things like that.
Word of the day: fiduciary. do not talk to anyone who is not a fiduciary to you, who explains everything.
*MARTHA ALONSO HARA* really seems to know her stuff. I looked her up on the web using her full name and found her page, read through her resume, educational background, and qualifications and it was really impressive. She is a fiduciary who will act in my best interest. So, I'll book a session with her
"a pawn always get sacrificed"💯
I love it...we can't free style your way to wealth u need structure, values and education...wake every day trying to be better than you were yesterday and continue learning...
This is the smartest money out there. He speaks to the ordinary person so clearly.
Why is it that I'm watching this interview more than once? Very good interview guys, thanks Tom! And always thank you Trap!
Listening for the second time. I caught another gem: "if a pawn can get to the other side of the chess board it can become anything it wants!"....That is pure GOLD!
That was a whole Gem 💎 right 🔥
The way he broke down the pawn on the chessboard conversation really opened my eyes up about life in general thank you thank you thank you!!!
My portfolio has good companies, however it has been stalling since last year. I have approximately $600k stagnant in my reserve that needs growth.
Find stocks with market-beating yields and shares that at least keep pace with the market long term. For a successful long-term strategy you have to seek guidance from a broker or financial advisor.
With the help of an investing advisor, I diversified my $400K portfolio across markets, and I was able to earn over $900k in net profit from high dividend yielding equities, ETFs, and bonds.
Please can you leave the info of your investment advisor here? I will need his/her management on my much larger portfolio
Having a coach is key in a volatile mar-ket, My advisor is “Sharon Louise Count” You can easily look her up, she has years of financial-market experience.
😂😂😂 I knew when I clicked on it
Also the Haitian Revolutionary they were speaking of is Toussaint Louverture. For all of you that saw the new Black Panther that's an important name in the movie. Please check that reference and read about Mr. Louverture, incredible history.
𝐓𝐡𝐚𝐧𝐤 𝐘𝐨𝐮 ★
2 parent home is very important because they bring different perspectives to life.
Children need the experience and knowledge.
I TOTALLY AGREE with what he says about the comparison mindset. Start with a mindset that helps you win
😅
I effing LOVE THIS MAN’S MINDSET ‼️‼️‼️💯
The return of Wall Street Trapper. Last interview was legendary! I would love to see The Master Investor or 19 Keys next.
19keys
Honestly, I'm unsure if investing is a wise move right now. Take note of how frequently things fail. As I still have some time before I retire, I'm still looking for a better strategy to invest my money despite reading charts and predictions from well-known investors from the past and present. In order to generate passive income, I want to build a solid and reliable portfolio.
The outstanding catch-up measures currently in place are unquestionably due to the Fed, as they were first too sluggish to contain inflation. The epidemic, supply-chain concerns, and the situation in Ukraine are all factors in the looming perfect storm of inflation. Not to mention the sharp increase in housing expenses, another factor that makes it challenging for the Fed to control inflation. To sum up, if you have the cash, get rid of it right away to benefit from the high savings rate.
@Zahair O'Brian Although this is impressive, my portfolio is in such horrible shape that I definitely need their aid. Tell me how I can get in touch with her, please.
Two things that are for certain right now: war and recession. There are major resources and companies needed during both of these times. Research those!
😊😊@zahairobrian671
Thanks for bringing back The Trapper! ❤
Thank you for speaking about the truth behind the “war on drugs “ and what happened in our communities. It touched everyone yet we were made the victim and the demon from it.
*Everyone who reads this, we don't know each other and probably never will but I wish you all the best in life and all the luck in the world*
Same to you 💙
Hands down my favorite interview yet. Love this so much! Acting on this as it plays.
"welcome home". 😊 Mindset is everything. I love learning, I always approach groups as if I knew nothing too and they are always surprised to know how much information/self education I have. Knowledge is power
I've watched the trapper many times. This is by far the best interview I've heard with him.
My third time listening to this interview. Love, Love it. I'm studying Wallstreet program. Thank you for sharing
His testimony is amazing and his wisdom is out of this world. Generational Wealth is so important. Teaching how to win in the world of Chess.
Absolutely THEEEEE GREATEST interview ever!!!!!!!! God bless you Trap!!
These are the most extraordinary interviews. This man is enlightening on so many levels. And I think this channel is an extraordinary gift people
Tom : "Lisa and I have decided not to have kids"
Tom: ...
Tom & Lisa : Reparents as many adults as possible 😆
This is one of the best interviews I have ever seen. What an exceptional Man!
Beautiful…. Truly. Thank you both, this planet is so lucky to have you.
This is my favorite!!! Completely GOLD!!! I will be replaying daily for Mastery!!!!❤🎉
Thanks Tom! Will watch and take lots of notes!
I don't normally watch videos or podcasts that are about an hour but this was very easy to watch and finish. Great way to spend my one hour.
THIS IS SOO GOOD I CAN'T STOP LISTENING
You have to go on paid courses for this free info. Thank you
Thanks for sharing 👍
You've been thru a lot and managed to stay ahead. God bless
Thank you this teaching was amazing. Keep doing what you doing brother. I shared this video to on my Facebook and with personal people that I know. This is just awesome.
Love hearing this man speak!
Congratulations Tom for all the work you’ve done, and the wonderful people you give us the pleasure to know; this is wisdom human drama entertainment, financial education and so much more all rolled in to one ! 💪🤝👍
Great interview… Thanks for the gems Trap & Tom!
This is absolutely brilliant and insightful information. Love the back and forth sharing of ideas. Amazing content thank you 🙏
So much nuggets of knowledge that can be applied. Thank you both for this great interview. Life changing.
This is EVERYTHING Powerful Humbling Wisdom
Amazing !! Thank you so much Tom for sharing this great talk 🙏.
Always solid guests. Thanks
Oh man! I hear you so clearly! Also brilliantly understandable... you just inspired me deeply
Thank you man !!!
I have been obsessed with learning from you both this week. I’m so ready to start a new journey. I’m born and raised and still in Tacoma btw;)
Thank you Both!!! Super insightful and inspiring content. "Very Interesting"
love your content and wish you nothing but success, thank you for the knowledge
SO MANY layers of knowledge and wisdom in this interview. Omg
Good one Trap, looking at fear in an empowering way: Finally Exiting Average Reality
Thank you Tom, this episode was very enlightening, revealing, inspiring and impactful for me to where I am right now in my life…🙏😇
This is real time wisdom! Thank you 🙏🏽
Beat guest so far i love his mindset on alot of things. Very smart man.
Thank you so much for sharing this amazing video very helpful ❤️❤️❤️❤️❤️❤️
This is the best talk ever🤩
Incredible. I learned a ton!!
Thank you!!!
This was so good I watched from beginning to the end thank you both so much!!❤
Thanks Tom for your excellent guests🤗🤗🤗🤗
Thanks! I’ll look into those
Tom, I listen to all of your content. Thanks for the enlightenment.
Man I have heard about being honest with yourself for such a long time. I thought I was doing it until I hit the struggle I’ve been in for months now. These videos just help me really start to get through this problem. Thank you.
Love you man the last part is the most amazing. Trapper.
I think this was one of your best podcast.
Awesome! Thank you for being the pioneer for me.
Well said! Thanks for keeping it 💯
Tom! I met you in New York for NFT week. We spoke briefly about Robert Greene. Anyway thanks for this content, I learn so much from it everyday!
Legendary! You and trap talking good stuff
Love these men. Inspiring.
Guys like this is who we like to listen to more do to the real life event and connection I can instantly connect with what he says now only thing I have to do Is learn about stocks got a business and a house already
Great video! Well I'm so happy I made the best decisions by having a good investment. Recently, I'm able to acquire my third house even at my age and I believe if things keep going well I would retire early
That's nice! But how did you manage to achieve all that even with the current economy that's very bad? Please I'll appreciate your assistance on how to go about it, I'm desperately looking for a way to pay up my debts and also achieve my goals
The best strategy to use in trading is to trade with a professional who understands the market quite well, that way maximum profit is guaranteed, I'll highly recommend Victoria Taylor, she is my current trader and her strategies are working
Actually this is not the first time am hearing of Victoria Taylor and her exploits, how she handles investments and generates good profits, she has really made a good name for her self, but I have no idea how to reach her
She has a verified account on telegrams, using the user name mentioned Below
VictoriaTaylor
He's a great confidence man. Like many in personal finance.
I gotta be honest I knew none of this. This video was very informative. Good job!
I just absolutely love this video
One of the most informative videos I have come across!
T&T...BOOOM (TNT) lol.. Tom, TRAP appreciate you two!!!! Every time you guys link its a hit 💥
I needed this Thank you Thank you !!!!!
Great conversation. Definitely influenced and educated me about understanding my mindset when it comes to finances and passive income. Thank you ✨
Great job guys this was an amazing interview indeed
"A Healthy 2 Parent Home"....that's the key! Thank You Lord ! I see now.
...Aaannd that is why Tom said he is one of the most IMPORTANT voices in america.
Just rewatch the last 15 min.
The Wallstreet Trapper is going to be this generation's Tony Robbins or Les Brown
This right here is powerful information 🙏🏼😭
Always an inspiration!
Mind blowing!🤯😍🎉🙌🏾 thank you so much!!
Wow my dad had me read Up from slavery. I didnt even recall the part about the brick making. That's awesome. I just remember the hard work he did to get where he wanted to be. At least he came a very long way from his start.
He’s sooo knowledgeable
Truly inspirational guys!!! Outstanding...
Love these videos!
So powerful and inspiring especially the last 20min or so. There are some people in my family that would benefit tremendously from watching this but I won’t waste my time sending them the link. They would rather spend the time scrolling social media and watching mindless TH-cam videos.
That's 99% of my family. It sucks but sometimes you have to move away from them and so your own thing. I'm not saying cut them off. But you have to distance yourself from those that hold you back from the future you are working for. It takes a toll emotionally, but if you are really about your future it will not be too difficult to do.
We love Trap. Great interview.
This was a great episode 🔥
It's good to remember the policy of Reaganomics.
This dialogue is 🔥🔥.