10 Avoidable Mistakes People Make When They Have Lot Of Money
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- เผยแพร่เมื่อ 5 ก.ค. 2024
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1. 4:14 Arrogance
2. 5:46 Being Reckless
3. 6:34 Impulsiveness
4. 8:34 Negligence and Ignorance
5. 9:44 Betting, Gambling and other such vices
6. 10:48 Buying what you don't need
7. 11:53 Trying to avoid taxes Or Hiding your assets
8. 12:53 Lack of Trusted Advisors
9. 15:23 Expanding into unknown areas
10. 16:48 Scattering
Thanks for sharing it
Yes, my husband buys fancy cars in loan, throws tips like 30 to 40%. This happens even he is having little more money. Then come back to normal again. This is repeating. Real wasting money.
Very useful video for people having lots of money. One more mistake is being addicted to liquor, drugs etc.
I don't have a lot of money. But, still watched. Everyone should watch this video. It's useful even to middle income ones.
Thanks a lot
@9:18 with reference to founder of Raymond, Mr. Vijayapt Singhania, it was not neglect or ignorance that brought him to the streets, but blind trust. Never trust anybody in this world with money even if they are your spouse or children.
Agreed. Don’t trust spouse and kids. Keep them as nominee but don’t keep them as a joint holder.
@@TheChromelover Yes. 100% agree with you.
Very true
True. One tends to be arrogant when there’s more money. I am blessed to have enough money which makes me feel happy and proud.. I ask myself if I am getting obsessed with it or becoming arrogant..
I want to support people around me who may need a helping hand in fulfilling some of their basic needs and that makes super happy.
This is one of the best monetary advice I have received - Thank You and God Bless.
Most important mistake not mentioned by you is not looking after your wife. If she gets upset and divorces you there goes your wealth!
😂
😂
She know how to a acquire money without doing anything 😂😂
😂😂😂😂
Most common way to lose big chunk of your wealth is divorce settlement!😅
Trusting people blindfolded, specially near relatives (or anyone). My parents trusted own brothers and gave charge of real estate property. Today they are in full control of the property with local political help, and refuse to pay us anything from the property and trying to change the title/name holder also. 😢😢
You are doing yeomen service to tax payers . Thanks. Your life is well lived.🎉🎉🎉
Very sensible advice with clear examples! Thanks! 👌👌
Master Stroke!!! Great video!
First two mistakes ooooh
I realised just now
Thanks for indicating
gr8 advice! Many people do not have financial prudence or it deserts them when they become rich. Sirji, Keep up the good work!!! 👍👍
scattering is something new i learned today thank you sir
Really sir 🎉, this is not only with lots of money, actually average income people also forced to impulsive and feeling FOMO so want to do all the things in their life, and they can't atleast settle with basic things.
Great Video. Thank you for the information.
Very informative. I always love to watch your videos. Thank you for very important facts about handling money.
Very timely video. Excellent advice that I can practice. Wish I practised some of your advice few decades ago. Due to some of the mistakes i did, it took longer to get to where I am today. Great video.
Very good advice to avoid mistakes when you have more
Money. Thanks Sir
Very Good advice....all topics well covered. Thanks for posting this video.😊
As always from you...very informative info & advice, really great and helpful.
Thank you
Very important advice. Thanks a lot.
Sir, as usual it’s very deep truth /analysis.
As you rightly mentioned that humbleness and patience are very key things.
Rightly directed to differentiate between the want and real need.
Very valuable lessons can be learnt from this episode.. thank you sir...
Wonderful advice sir. Thanks
If a person is coming into inheritance, what are the 1st steps that person must take to ensure Safety for future.
Very interesting discussion. Want more of it.
Nice and useful video, Sir. Thank you.
Honeytrap . I know a friend who inherited few crores but lost a large portion to honeytrap
Good information sir 👍
Good one
Very informative video....
Can you please make a video on smallcase ?
Best advices ❤
I like your videos. Would like to suggest you to reduce the length of the videos, the actual content starts after 4 minutes in this video!! Luckily TH-cam facilitates to adjust speed so always watch in 1.5X!
Thank you very much for your feedback
Excellent 👌
I have NRO and NRE account in India. The interest on NRO account is taken off by bank to pay tax. This total interest is less than Rs 50k. How can I avoid this tax per RBI? Is there 15H form? Any other form I need to file?
Sooper....👌👌👌👌
Nice advices 😊
Best one🎉🎉🎉
Very informative.
Please do videos of DTAA, as many rumours are going around that no capital gain taxes to be paid for residents in Middle East.
Also, a video on AIF options at Gift City.
DTAA and AIF video is available on this channel. We will do video on GiFT city will come soon
There is a big difference between avoidance of tax and evasion of tax. There is nothing wrong in avoiding tax but certainly one should never evade tax
Nice one❤
Sir !!! Your advice is Golden nuggets !!!! My Office in Bangalore was at a walkable distance from the United Breweries Office in Bangalore. We were a silent witness to the destruction of a Company his illustrious father Sri Vittal mallya had built.I remember the CFO Mr Nedungadi. I had a chance meeting with him at Guruvayoor,s famous Mamiyoor Shiva Temple.
Sir if I get that Rich...I ll reach out to you directly 😊
Good information but your voice is less sound please speak loudly.
Nice
How many dollars can carry when traveling from US to India as US citizen? I am traveling with my family. I did not have any info anywhere that will provide info to bring $10000 per person or $10000 per family? Or its just I have to declare if we bring $5000 or more than $10000?
Sir, how much is lot of money? It is subjective but still if you put that in perspective, it would be great. For a family of four living in India .. how many crores?
Sir
Your content is great. One video actually opened my eyes and I have to postpone my plans based on it is the video where you interviewed Sri Ram on ORNR status and taxes we need to pay on accrual basis on our US retirement accounts.
After exploring more after that video, I think you have nit addressed another situation. Yes, we can defer the tax until we withdraw the money fro US Retirement account by filing form 10E, BUT..
What if we are already started withdrawing money from it? Are taxes levied on withdrawn amount or again we need pay on accrual basis?
What happens after 10-15 years, we want to go back to USA and spend rest of the life there?
Can you kindly address this as this is a gap in the video?
#ask
Dear Sir,
Your assistance in creating a video guide for seafarers navigating international waters and residing in India for less than 180 days would be immensely appreciated. Many seafarers struggle to navigate the complex income tax procedures, and such a resource would benefit countless individuals sailing from India. Thank you for considering this request.
I am thinking of taking advice from investment advisor but still have doubts if he/she would tell me anything more than what I already have learned so far! Can you please make a video on 10 benefits how an investment advisor can help me..
Nice video.But if u are a real acumen for various things u can make a try like the Ambani.started by selling cloth,then to factory for manufacturing cloth,petroleum chemicals,telecommunications,supermarkets etc.But make sure that such decisions wont make u a beggar if it goes against you.
But there is a clear pattern to it . He integrated , backwards and forward. He did not bring a lot of debt on his balance sheet. He did not misallocate capital unlike Mallya
If trying to scattering in one city or One Country then what happen sir? In how many cities in one country and how many places buying property is good or what is best option sir?
Some husbands buy their wives kitchen utensils for a special occasion birthday etc. Always leads to disaster!
Video ( valuable content) starts after 16 minutes.
I need help please
WHAT IS THE PARAMETERS TO BE JUDGED AS RICH?
Sir! We also deceive ourselves that money can give us peace and solve all our problems. NOPE 👎🏿!
20min video is a bit too much, you have got to trim it to 5 min if you need more subscribers as no one has the time to watch the entire video. There is too much competition at youtube to grab your eye balls in the limited time we get.
❤
My biggest mistake is not having lots of money.
I am watching this with no money😂😂
unable to keep listening, as could not find a single sensible point even after listening for 5 minutes
Its sad to see that you mentioned MURTHY but not TATA. With due respect, Narayan & Sudha Murthy have created this false image of themselves of being so humble. The inside story of Murthy family is very hard to believe for an outsider which I totally understand given the PR machinery that they have. But how many of you know that there is a mandatory deduction towards Sudha Murthy charity from an already pathetic 25 thousand rupee salary that they give to a fresh engineer in Bangalore ?? Or how many would know that Infosys does not even reimburse employee death certificate cost when he passes away overseas trying to work for 70 hours per week ?? I am sorry. Murthys are not humble. He flies economy class alright but he also tossed away 250 crores to his just born grandson. If this continues, we will only have NRIS and no resident Indian. His own kids are NRIs by the way. I do not subscribe to the idea of Indians lacking talent to justify such low salaries by this chronic capitalist. Because the same techie gets 100 dollars per hour once he takes a plane to USA. End client values Indian techies but Murthy rubbishes Indians sucking all the commission in between shamelessly. If you look at the way Murthy treats his cook, driver or even his employees behind closed doors away from the media glare, you will be shocked to see how there is so much more than what meets the public eye. Murthy went to corrupt DK Shivakumar for protection when he was questioned by Kannada Rakshana Vedike president on the topic of not hiring locals as promised when free land was given by government to setup his campuses. In the recently concluded session, many ministers complained about how murthys cheated the local farmers with their land promising lucrative jobs.
Some celebrities or industrialists have or adopt a very bad or toxic personal lifestyle while professing or preaching in public audiences as a good Samaritan.Hypocrites only with no integrity.
First, get rich and then watch the video
me 2200 in my account , and watching this video.
Not to talk about it
U r actual serious about this advice? What do u think the rich are ? So stupid ? as to not know what is completely abvious. All this common knowledge completely well known
Common sense is the least common thing.
Are you like a 5 year old kid or what? Did he say all rich are stupid? And it's not a question of everybody knowing it, it's a question of implementing the knowledge. Besides, what explains Vijaypat Singhania and Vijay Mallya's downfall if not one the points of the video?