10 Truths About Winning in Life and With Money (Yes, You’re Doing it Wrong)

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  • เผยแพร่เมื่อ 19 มิ.ย. 2024
  • Some things about money and life never change. These money truths are timeless treasures that will help you identify and make a plan of action for reaching your financial goals.
    Jump start your journey with our FREE financial resources: moneyguy.com/resources/
    Reach your goals faster with our products: learn.moneyguy.com/
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    Bring confidence to your wealth building with simplified strategies from The Money Guy. Learn how to apply financial tactics that go beyond common sense and help you reach your money goals faster. Make your assets do the heavy lifting so you can quit worrying and start living a more fulfilled life.

ความคิดเห็น • 118

  • @ThePatriot1123
    @ThePatriot1123 11 หลายเดือนก่อน +87

    I'm a simple man. I see Money Guy notification, I click.

  • @Veganisbadhunter-wx5nt
    @Veganisbadhunter-wx5nt 11 หลายเดือนก่อน +127

    10 truths of money
    1. 3 ingredients of wealth. (discipline, money, time)
    2. Debt is a chainsaw.
    3. Your money should work harder than you do
    4. Make sure you choose the right occupation
    5. Time is your most valuable resource
    6. The Joneses are broke
    7. Wealthy people don't inherit their money
    8. Teaching your children about financial success matters
    9. Money is a tool, not a goal.
    10. There is more to wealth than money.

    • @minxp5118
      @minxp5118 10 หลายเดือนก่อน +3

      You're doing the Lord's work; thank you and blessings upon you.

    • @donaldlyons17
      @donaldlyons17 6 หลายเดือนก่อน

      Well can say we all know money can be inherited so to say the wealthy don't inherit it is like saying I have 100K+ each year but can't outspend the majority making 50k+ well that simply depends.... They know the majority will never be wealthy so pointing out that often might drive away viewership, sponsorship, and membership (Patreon, Courses, or TH-cam members) so they downplay it.

    • @hectordelgado3258
      @hectordelgado3258 5 หลายเดือนก่อน +1

      @@donaldlyons17i think they’re referring to the percentage of millionaires that are created through inheritance vs those created by their own saving/investing

    • @donaldlyons17
      @donaldlyons17 5 หลายเดือนก่อน

      @@hectordelgado3258 Again trying to suggest people can end up not poor. We know from median stats most don't even live on only 1/2 their incomes already...

  • @bryansmethers8936
    @bryansmethers8936 11 หลายเดือนก่อน +21

    that growth chart for a 50 year old blew my mind! I always thought 50 was too late, too bad, so sad for investing for retirement, but your money can still works over double time for you, thats nuts!

    • @missireason8998
      @missireason8998 11 หลายเดือนก่อน +3

      I really appreciated the growth chart including 50 year olds as well.
      Too often, in the past, the charts didn't go above 40.

  • @FatStacksAcademy
    @FatStacksAcademy 11 หลายเดือนก่อน +12

    The 6 words most said on TH-cam: “Brian, I am so excited BECAUSE….”

  • @amitychief3061
    @amitychief3061 10 หลายเดือนก่อน +6

    I think this video should be shown in high school to all 15 year olds, before they get their first job. I knew nothing of this at that age, and only learned them later in the school of hard knocks.

  • @trpdelhi
    @trpdelhi 11 หลายเดือนก่อน +48

    Listening from New Delhi, India. Lost my father in 2013, and I have always missed out the much needed conventional wisdom at every checkpoint in life. You guys have sorted me out over the last one year. Thank you ❤

    • @MatrixNavigator-wd9de
      @MatrixNavigator-wd9de 10 หลายเดือนก่อน +1

      Same watching from India as well, finances have started taking off reaching American level income , I expect them to get more clients from India in the next 10 years then from America if they are ready for it

  • @yhckelly
    @yhckelly 11 หลายเดือนก่อน +7

    Long time listerner here. I dislike the phrase "do something you love and you'll never work a day in your life." I think it's better to say "submit yourself to something useful, and you'll find long-term joy." I'm 47. As you age get tired of everything (!) The second phrase helps you slug it out for the brighter tommrow. It also provides a good way for you to spend your life disiplined, and in something good. Thanks for the show!

    • @namegoeshere1
      @namegoeshere1 10 หลายเดือนก่อน +1

      I love that perspective. I’ve never heard that before. Thank you!

  • @POLOPOZOZOPOLOZOPOZO
    @POLOPOZOZOPOLOZOPOZO 11 หลายเดือนก่อน +12

    "High school started all over again"
    That's exactly what it is. If only grownups had warned kids ahead of time of its absolute inevitability.

  • @jthornhill737
    @jthornhill737 11 หลายเดือนก่อน +12

    These truths are timeless and should be posted on walls in every school. I know I would’ve appreciated it, and most likely made better financial decisions earlier in life.

    • @scottthompson3493
      @scottthompson3493 11 หลายเดือนก่อน

      100%, plus educate your kids.

    • @eedre4864
      @eedre4864 11 หลายเดือนก่อน

      I’m okay with some people being foolishly broke. My money buys a hell of a lot more of their labor and skill than someone who is financially set.

  • @user-ik9lm4mc6o
    @user-ik9lm4mc6o 4 หลายเดือนก่อน +2

    Everyone in their teens/twenties needs to hear & understand this. Would have changed our lives.

  • @DekiaryCarter
    @DekiaryCarter 11 หลายเดือนก่อน +19

    If you had to sum up the entire Money Guy Show video library into one video, it would be this one! Great summary of all your strategies. I’ll be sharing this with my friends and family.

    • @missireason8998
      @missireason8998 11 หลายเดือนก่อน

      I, too, really enjoyed this video.
      The charts were informative and included the older folks.
      I also liked the energy between Brian and Bo.
      The topic was relevant. The subject matter was well covered.

  • @itstetrahc4690
    @itstetrahc4690 8 หลายเดือนก่อน +2

    Ive been debating whether my extra 30 a month to invest was worth it. Today i shall start. And then ill figure out how to make it bigger. But its a start. Thanks guys

  • @danielj5136
    @danielj5136 11 หลายเดือนก่อน +6

    "Bowlin' Point"

  • @BagsNBaguettes_327
    @BagsNBaguettes_327 11 หลายเดือนก่อน +6

    Appreciate your show! It’s growing on me.

  • @patat007
    @patat007 11 หลายเดือนก่อน +9

    I have not been following you guys for that long but very useful information. Good stuff!

  • @jacksonbilly9979
    @jacksonbilly9979 11 หลายเดือนก่อน +4

    In a world with a shorter attention span is a understatement

  • @rr.2194
    @rr.2194 5 หลายเดือนก่อน +1

    I always love how you guys end the episode. 😢
    TMGS is the best.

  • @123hotdog111
    @123hotdog111 11 หลายเดือนก่อน +3

    Thank you guys so much for guiding me on my journey.

  • @whfh178
    @whfh178 11 หลายเดือนก่อน +2

    I knew since I was 8 I wanted to be a marine biologist. Went to college, and by the last year i took the marine biology course and HATED IT.
    I don't regret college, but man, shoul have taken those classes first 😂

    • @missireason8998
      @missireason8998 11 หลายเดือนก่อน

      So sorry to hear this. I teach at a CC. I often advise students to take the intro core course right away, so they know if they want to continue. I have known of this happening to nursing students as well. Someone told them to be a nurse, they do all pre-reqs and hate it when they start core courses and/or clinicals.

  • @alexk7405
    @alexk7405 11 หลายเดือนก่อน +1

    #9: I would say, "Money is the Seed, not the Fruit." When you get the experience on how the grow and take care of the tree, the tree will take grow to care of itself.

  • @debbied8525
    @debbied8525 11 หลายเดือนก่อน +2

    Excellent show. This succinctly hits all of the important components of your strategies.

  • @wildfoodietours6702
    @wildfoodietours6702 11 หลายเดือนก่อน +2

    These truths will give you the keys to the kingdom. Let's all be winners in life and arrive at financial independence!

  • @peptoglizmol
    @peptoglizmol 5 หลายเดือนก่อน

    Loved the show , very practical and influential.

  • @CalmerThanYouAre1
    @CalmerThanYouAre1 11 หลายเดือนก่อน +8

    This episode was excellent. Great job Money Guy team! Must-watch content for any age and any net worth level. 💯

  • @efrenojeda949
    @efrenojeda949 9 หลายเดือนก่อน

    Everyone everyone!!!!! Brian is excited again!!!!

  • @sherrigray6820
    @sherrigray6820 6 หลายเดือนก่อน +1

    Very informative podcast. And the addition of your personal stories made all the difference.

  • @coppertop8797
    @coppertop8797 11 หลายเดือนก่อน +1

    Love Bo's master's polo. Is it worth it to go see the tourney?

  • @anniealexander9616
    @anniealexander9616 11 หลายเดือนก่อน +1

    Great video ❤

  • @FatStacksAcademy
    @FatStacksAcademy 11 หลายเดือนก่อน +6

    “You can’t be rich without DMT!!!”- Brian and Beau, 2013
    (Discipline, Money, Time)

    • @eugenechurch6135
      @eugenechurch6135 11 หลายเดือนก่อน +2

      Joe rogan banging on window

    • @DylanJo123
      @DylanJo123 9 หลายเดือนก่อน

      Joe Rogan would be disappointed

  • @davido.9180
    @davido.9180 10 หลายเดือนก่อน

    dem Ga boyz always pimp’n the Augusta gear …. good work

  • @thelitmedallion
    @thelitmedallion 11 หลายเดือนก่อน +1

    This show makes me wonder where is this 1.00 beer for me to buy? 🤣🤣🤣

  • @Resolve_DigitalMedia
    @Resolve_DigitalMedia 9 หลายเดือนก่อน +1

    This and Ramsey content needs to be taught in school. My parents were ok at teaching me good money habits (just saving and spend less than you make), but i had to learn about retirement savings and investing on my own. I’m 28 now and im following the Ramsey baby steps to get out of debt and create an emergency fund… i feel like im super late (i know im not), but i have so much anxiety that i wont be able to retire properly since i didn’t learn good money habits and financial education up front.

  • @THAOpeacockcichlids
    @THAOpeacockcichlids 11 หลายเดือนก่อน +1

    Agreed with wasting time!!!!

  • @joshuaalston9217
    @joshuaalston9217 11 หลายเดือนก่อน +3

    Hey guys! Would love your advice. A mandatory 6% of my paycheck goes towards a pension sponsored by my employer. Should I still try save an additional 25% of my income in a Roth 401k?

    • @missireason8998
      @missireason8998 11 หลายเดือนก่อน +4

      Hey, Josh!
      I know you asked Brian and Bo this, but here is my 2 cents.
      Yes, please save the 25% in addition to the 6% going into the pension, if at all possible.
      Here is why...
      A pension is in your employer's asset umbrella. This means the employer controls all of it.
      So...
      If the employer changes your payout or payout age, there is nothing you can do about it.
      And..
      If your employer goes belly up, so do their assets (including the pension).
      YRC Freight is in financial jeopardy (7/2023) and their employees are being told they are losing the pension, simply because the company doesn't have the money to cover the payouts.
      Another example...
      Dupont lost a lawsuit (rightfully so) filed by residents of Parkersburg, WV for water contamination. Dupont execs paid the victims and then sold/spun off the company to a subsidiary in China. The subsidiary didn't buy the assets that covered the pension.
      So...
      Folks who worked 20 years for Dupont and were retired suddenly lost their pensions at the time of the sale/spin off.
      Pensions are are like a trip to the beach. Everything is great when you walk on the beach and go surfing in the sunshine. Just as you can't control how your employer handles the pension, you can't control the weather at the beach.
      If you retire from your employer with your 401(k) THAT IS YOURS and also the pension, then just consider the pension as a bonus.

    • @thelitmedallion
      @thelitmedallion 11 หลายเดือนก่อน +1

      Yes, create an IRA with Fidelity or Vanguard and use one of their target date funds and also pick some individual high value stocks. I’m talking Chevron, McDonald’s, etc… You doing great in not time.

    • @Lucky008aau
      @Lucky008aau 11 หลายเดือนก่อน +1

      The boys suggest, if your household income is less than $200k, you should save an additional 14-19% (so your total savings rate is 20-25%). If your income is more than $200k, save an additional 20-25% (ignore the pension).

  • @anniealexander9616
    @anniealexander9616 7 หลายเดือนก่อน

    Being disaplined is great for building wealth but the people telling us to do that aren't really saving. I just watched a video of Dave Ramsey's daughter breaking down what she spends in a😊 week. It totalled about $767. Breakdown was $200 to get her house cleaned. Then it was restaurant, restaurant, restaurant, instacart, Amazon, Amazon, make up, and a manicure. The lady paid no bills.

  • @chen3956
    @chen3956 11 หลายเดือนก่อน

    great show guys new suber hee

  • @christinab9133
    @christinab9133 4 หลายเดือนก่อน +1

    ❤❤❤

  • @M22Research
    @M22Research 11 หลายเดือนก่อน +5

    The millionaire thing -
    Our parents have a net worth significantly into 7 figures. The only thing they helped us with financially, was college, but we also took student loans. We bought our own bikes, cars, and eventually, homes.
    We now have a net worth also past 7 figures. And while being raised by frugal parents who valued education certainly trained us well, we earned, saved and invested to reach our “millionaire” $ wealth.
    Is it likely we will inherit very significant money? Sure, but it won’t have been what made us $ wealthy. And we do not intend to use it to buy “things” for our grandkids. What we will likely “buy” for our kids and grandkids? Family trips and education.

  • @QuentinDudeck-uz4kn
    @QuentinDudeck-uz4kn 6 หลายเดือนก่อน

    Christmas party play list

  • @christopher7725
    @christopher7725 11 หลายเดือนก่อน +1

    “Do something that you love for work” lol sure… real simple

    • @thelitmedallion
      @thelitmedallion 11 หลายเดือนก่อน

      It doesn’t work that way for most people, does it? 🤣🤣

  • @jakubageter1689
    @jakubageter1689 9 หลายเดือนก่อน +70

    I started buying some more stocks at the beginning of the year, but nothing big. Why am I treating this so harshly? I still want to be the first person in my polygamous family to make a million dollars despite the fact that others in my field make six figures per person. I am well aware of the costs associated with working more to get more money.

    • @AnnieBeischel
      @AnnieBeischel 9 หลายเดือนก่อน +1

      If the market has taught me anything, it's that it usually makes a comeback, but I can't seem to concentrate on the long term, especially because important things like my retirement and my reserve are having a disastrous impact on inflation. I need a solution and a data trajectory that I can trust as soon as it is practicable.

  • @argenisperez7810
    @argenisperez7810 2 หลายเดือนก่อน

    I would like to see you fellas use more conservative numbers

  • @ericb7203
    @ericb7203 11 หลายเดือนก่อน

    That million dollar chart is one of THE best, most consise things I've seen to get across how important investing and investing soon is! Perfect for today's ADHD culture!

    • @missireason8998
      @missireason8998 11 หลายเดือนก่อน

      Oh, how I wish I was shown this chart when I was in high school.
      I would have done things so differently when I turned 20.

  • @christians131
    @christians131 11 หลายเดือนก่อน

    I thought the honest conversation around student loans was that it’s the largest asset to the US government which means there’s no incentive to diminish that

  • @anthonyjoseph9229
    @anthonyjoseph9229 10 หลายเดือนก่อน

    Are your investment returns numbers adjusted for inflation?

  • @Chadmodan
    @Chadmodan 11 หลายเดือนก่อน

    FOOt sighting!

  • @tharpeaddy
    @tharpeaddy 9 หลายเดือนก่อน

    Debt means you work
    You signed an agreement to pay and if you don’t blah happens
    And I have control over your paycheck bank account etc

  • @eddiemalvin
    @eddiemalvin 10 หลายเดือนก่อน

    These 10 truths are very powerful and extremely important but, to quote Lord of the Rings, your wedding band is the "One Ring to Rule Them All".
    Choosing the right partner and remaining fully aligned with them will have more impact on your financial success or failure than anything else.

  • @johndoez6481
    @johndoez6481 11 หลายเดือนก่อน +1

    🇺🇸🇺🇸🇺🇸

  • @addledbyatmosphere2784
    @addledbyatmosphere2784 9 หลายเดือนก่อน

    r/personalfinance brought me here 🤗

  • @ewitte12
    @ewitte12 11 หลายเดือนก่อน

    Working age?. Ive already started with my 12yo.

  • @bringtehownage69
    @bringtehownage69 10 หลายเดือนก่อน

    I know a lot of time rich, money broke people who are desperately suffering.

  • @kckuc310
    @kckuc310 7 หลายเดือนก่อน

    It is like boiling water, then your like WTF

  • @eugenechurch6135
    @eugenechurch6135 11 หลายเดือนก่อน

    One foot in front of the other one day at a time. A dollar a day. Retirement is mine

  • @WtfReal
    @WtfReal 11 หลายเดือนก่อน

    isnt that 20% interest per MONTH? if u dont pay off ur credit card?

    • @brownwhale5518
      @brownwhale5518 11 หลายเดือนก่อน +1

      It’s an APR.
      Annual Percentage Rate.
      It’s not 20% in 1 month.

  • @stephenmerrick3189
    @stephenmerrick3189 10 หลายเดือนก่อน

    I'm thankfully ome of the 30% that hasn't, and will not, blow my inheritance.

  • @kalebkunkel6402
    @kalebkunkel6402 11 หลายเดือนก่อน

    Uy

  • @dylankramer9249
    @dylankramer9249 4 หลายเดือนก่อน +1

    122nd

  • @user-hr3gd3td6v
    @user-hr3gd3td6v 10 หลายเดือนก่อน

    How does the 13,000 compound into 600,000$?

    • @Yugiboii
      @Yugiboii 5 หลายเดือนก่อน

      Compound interest is yearly rate of return ... its a beautiful thing

  • @M22Research
    @M22Research 11 หลายเดือนก่อน +1

    Good content, but ouch that title “You’re doing it wrong”?!?
    We understand the pull to do click-bait titles on YT, but a very large portion of your viewers are likely “doing it right” as you often acknowledge.
    Could have softened that title, perhaps “You might be doing it wrong”.
    BTW, this YT content is very definitely not “free” - YT viewers are paying with their ad eyes or YT Premium subscriptions. And I’d guess your monthly YT payments are non-trivial.

    • @donaldlyons17
      @donaldlyons17 10 หลายเดือนก่อน

      Well they do have open mouth thumbnails so I don't think they don't want clicks.. Which in turns tells me they do want whatever benefits those click give them.

  • @Bacciagalupe
    @Bacciagalupe 4 หลายเดือนก่อน

    : )

  • @user-gj6jw4nk4n
    @user-gj6jw4nk4n 11 หลายเดือนก่อน +2

    These two are literally drinking the koolaid 😂

  • @pierolivierpc
    @pierolivierpc 11 หลายเดือนก่อน +3

    An assumed rate of return of 10% is very very high. You should use more reasonnable assumptions imho, or ar least show it with 7-8% as well.

    • @thelitmedallion
      @thelitmedallion 11 หลายเดือนก่อน

      5-6 percent.

    • @MrAustanian
      @MrAustanian 10 หลายเดือนก่อน

      The rate of return is fine as long as you also account for inflation.

  • @walkerbolin8458
    @walkerbolin8458 11 หลายเดือนก่อน +1

    wheelchairs dont fit in the back of a lambo

  • @frankiemiller9354
    @frankiemiller9354 9 หลายเดือนก่อน

    I began my investment journey at the age of 38, primarily through hard work and dedication. Now at the age of 42, I am thrilled to share that my passive income exceeded $100k in a single month for the first time. This success reinforces the importance of the advice mentioned earlier. It is not about achieving quick wealth, but rather ensuring long-term financial prosperity.

  • @keeperzero
    @keeperzero 11 หลายเดือนก่อน

    I won $87. Should I be worried ?

  • @Sire638
    @Sire638 11 หลายเดือนก่อน

    Same message every video if you invested $1 on the day your mom gave birth to you in 65 years that $1 would be worth $288 dollars lmfao

  • @ZiadCh
    @ZiadCh 10 หลายเดือนก่อน

    I've been listening to you guys for some time now. The stuff you preach is great, but for most part I'm afraid it looks good only on paper. You don't take into consideration any mishaps or incidents happens in life. Such things could through all your financial planning out of the water. Also it sounds like by following your plan, you are deferring all the luxuries of life til the end or until after your retirement. If you are lucky enough to live that long. Why not have some sort of balance between saving everything for later vs. enjoying your hard earned money along the way ?

    • @donaldlyons17
      @donaldlyons17 10 หลายเดือนก่อน

      There are so many TH-camrs who are extremely. They are not the type to balance. But the problem is that many other have not be so lucky and their lucky held.

  • @Danjames_ieg
    @Danjames_ieg 11 หลายเดือนก่อน +6

    Stop having kids folks! Spare them all the pain & suffering in this cruel world we live in! We don’t have the moral right to inflict serious, preventable harms upon our children without their consent! Existence brings guaranteed harm & is imposed without consent. Because a child cannot consent to being born, the default should be to assume that consent doesn’t exist and therefore, no action should be taken on the child’s behalf. Just like how it’s not okay to r@pe an unconscious person just because they can’t consent to your act! We all have a moral duty to uphold our unborn children’s rights to eternal peace & freedom from all harm. Since eternal peace & freedom can only result from remaining in the void, every human being has the right to NOT be born so long as they can’t waive their rights by providing informed consent to being born. Otherwise, creating a child without their consent is a violation of their autonomy followed by guaranteed suffering that they never asked for. The only exception to the consent argument would be if an action is taken to prevent an even greater harm, like pushing someone out of the way of a falling piano-assuming they were unaware, couldn’t react in time, & wanted to keep living. In the case of procreation, there IS no greater harm from which you’re saving your unborn child, therefore you don’t have the right to act on their behalf especially since they’ll be the ones who will suffer the negative consequences of your action. Think about it for a moment, most people would be outraged if I, unannounced, ordered for them at a restaurant and forced them to eat that food - rather than they decide for themselves. But somehow, creating someone else to suffer and die is a decision you’re allowed to make for someone else?

    • @josephreee992
      @josephreee992 11 หลายเดือนก่อน

      You’re exactly right!! I wish more people thought this way

    • @Smartskull0
      @Smartskull0 11 หลายเดือนก่อน +1

      Yep! None of the nonexistent wish to be born, but plenty of the living wish they had never lived

    • @chemquests
      @chemquests 11 หลายเดือนก่อน

      Alright antinatalist, thanks for the rant. I find the argument unconvincing and have 3 children. The unborn are not entitled to consent to birth; parents make choices on behalf of children until the age of consent. It’s well established in law that anyone under 18 (including negative ages for the unborn) are subject to their parent’s judgment. I can order for my 12 year old whether he likes it or not, not that I do.

  • @michaelwoods4495
    @michaelwoods4495 11 หลายเดือนก่อน +1

    What will $593K be worth in forty-three years? Thank you politicians, for the benefits of monetary inflation!

    • @namegoeshere1
      @namegoeshere1 10 หลายเดือนก่อน +1

      Sorry, this is a no pessimism zone. Go to your favorite news outlet if you want to raise your blood pressure please. :)

  • @Sire638
    @Sire638 11 หลายเดือนก่อน

    I can see these two taking a hot shower together lol

  • @TheWhitney2200
    @TheWhitney2200 11 หลายเดือนก่อน

    Who wants to be rich by the age of 65? You won’t have any lead in the pencil. Getting rich young is the goal to strive for.

    • @Yugiboii
      @Yugiboii 5 หลายเดือนก่อน

      1 million at 65 is better than no million at 65

  • @jasonjstdr
    @jasonjstdr 11 หลายเดือนก่อน +2

    I like these guys but their “choose the right major (ie most lucrative major)” drives me crazy.
    Choose the right occupation for you! If you are good at what you do, then you can make a living doing it, regardless of if you are an artist, teacher, scientist, technologist, engineer, mathematician, doctor, or lawyer.
    Many teachers and other non-stem professionals live well and retire well.
    Most people are happy with their collegiate majors. Also, people change careers just as a part of aging. This has little to do with college.
    Did these guys major in TH-cam influencing? Good colleges prepare students for jobs that don’t exist yet.

    • @thelitmedallion
      @thelitmedallion 11 หลายเดือนก่อน

      Well, accounting still exists. 😎

    • @jasonjstdr
      @jasonjstdr 11 หลายเดือนก่อน

      @@thelitmedallion So what is your point? The number of bookkeepers, tax preparers, and accountants declined with the advent of computers and spreadsheets. What do you think AI will do to accounting?

    • @thelitmedallion
      @thelitmedallion 11 หลายเดือนก่อน

      @@jasonjstdr AI won't do that. Why? a human has to answer the questions.

  • @dietbajablast5790
    @dietbajablast5790 11 หลายเดือนก่อน

    Stop quoting that Ramsey survey, it's seriously flawed, they cherry picked the participants.

    • @arh1234
      @arh1234 11 หลายเดือนก่อน +2

      Did you read the white paper? Ramsey Solutions hired an outside research firm to perform the study and ensure the data were valid

    • @donaldlyons17
      @donaldlyons17 10 หลายเดือนก่อน

      @@arh1234 IF they told them what to look for yeah. IF not how can the outside people not arrive at different conclusions?

    • @Yugiboii
      @Yugiboii 5 หลายเดือนก่อน

      why don't you conduct your own survey and let us know you findings

  • @me0101001000
    @me0101001000 11 หลายเดือนก่อน

    My experience with the 10:
    01. 3 Ingredients of Wealth (discipline, money, time) - Discipline is the easy one for me. Second is time (I'm 25, I have lots of time). I'm not making a lot of money though, but I probably will later on.
    02. Debt is a chainsaw - Debt is a bad word for me. I will never EVER get into debt. Hell, I'm not even sure I want to take out a mortgage.
    03. My money should work harder than me - I'm doing my best with what I can. I'm saving/investing 40% of my money right now, living on the absolute bare minimum.
    04. Choose the right occupation - MS in engineering, doing a PhD in chemistry, looking to become a professor eventually. I think I'll be fine with this one.
    05. Time is my most valuable resource - I'm full forcing school right now, but I'm hoping to buy back time in the future.
    06. The Joneses are broke - I don't care about the Joneses. I can't control their actions, but I can control mine.
    07. Wealthy people don't inherit their money - The only thing I'm trying to inherit from my parents is their wisdom. Not much else matters for me in terms of inheritance.
    08. Teaching my kids about financial success - I'm too young for that right now, but I already have a plan for this
    09. Money is a tool, not a goal - don't need to tell me twice. I have goals with my money. I eventually want to start a company, I have projects to fund, other things I want to do. Once I have my bases covered, I can try my hand at those projects.
    10. There is more to wealth than money - I'm glad I came to understand this early. The priority for me is the freedom to do what I want to do.

    • @Smartskull0
      @Smartskull0 11 หลายเดือนก่อน +2

      When you’re ready for step 8, consider adopting one of the 450,000 kids currently in foster care. Your children don’t have to look like you to deserve a loving home

    • @rcost8730
      @rcost8730 11 หลายเดือนก่อน

      you are going to buy a home in cash?

    • @eedre4864
      @eedre4864 11 หลายเดือนก่อน

      You might be hurting yourself with all the education expenses. Not sure why you’d be pursuing chemistry after having an advanced degree in engineering, but it sounds like time and money out the window unless you’re not paying for this education and working a job with benefits at the same time.

    • @me0101001000
      @me0101001000 11 หลายเดือนก่อน

      @@Smartskull0 I actually am. While my partner and I are definitely talking about having kids of our own, we are also very willing to adopt.

    • @me0101001000
      @me0101001000 11 หลายเดือนก่อน

      @@rcost8730 I'm looking to be a professor. A lot of housing in university areas can be quite affordable and easy to navigate without a car. Perfect for my liking, since I want to be a professor.