7 Lessons To (Quickly) 10X Your Wealth
ฝัง
- เผยแพร่เมื่อ 28 พ.ค. 2024
- Find out how Upstart can lower your monthly payments today at
Do you wish finance news wasn't so boring and hard?
📝 Try our FREE newsletter HERE: bit.ly/DMarketBriefs
Want to cashflow $100,000 in 12 months?
💵 Get the playbooks and strategies HERE: bit.ly/3Ay4jd3
FREE ways to support the channel
📈 Get 10 free stocks with moomoo: bit.ly/3kpn5wa
📈 Get 12 free stocks with WeBull: bit.ly/39OXTwt
Dive into the shocking world of business crimes
🎥 My 2nd TH-cam channel: bit.ly/YTpuzzle
Let's be friends and connect
📩 Business inquires: vincent@contentmark.co
📷 Instagram: / hivincentc
📱 TikTok: / hivincentc
🐦 Twitter: / hivincentc
👨💻 vincentchan.io/
______
DISCLAIMER: Some of the links on this page are affiliate links, meaning, at no additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. Affiliate commissions help fund videos like this one.
All opinions expressed by Vincent Chan are solely Vincent Chan’s opinions. You should not treat any opinion expressed by Vincent Chan as a specific inducement to make a particular investment or follow a particular strategy, but only as an expression of his opinion. Vincent Chan’s opinions are based upon information he considers reliable, but does not warrant its completeness or accuracy, and it should not be relied upon as such. Vincent Chan is not under any obligation to update or correct any information provided. Vincent Chan’s statements and opinions are subject to change without notice.
Past performance is not indicative of future results. Vincent Chan does not guarantee any specific outcome or profit. You should be aware of the real risk of loss in following any strategy or investment discussed. Strategies or investments discussed may fluctuate in price or value. Investors may get back less than invested. Investments or strategies mentioned may not be suitable for you. This material does not take into account your particular investment objectives, financial situation or needs and is not intended as recommendations appropriate for you. You must make an independent decision regarding investments or strategies mentioned. Before acting on information, you should consider whether it is suitable for your particular circumstances and strongly consider seeking advice from your own financial or investment adviser.
*Do you wish finance news wasn't so boring and hard?*
📝 Try our FREE finance/business newsletter HERE: bit.ly/DMarketBriefs
*Want to cashflow $100,000 in 12 months?*
💵 Get the playbooks and strategies HERE: bit.ly/cashflowme
Rich Dad Poor Dad is also my favourite finance book and the one that boosted the Super Saiyan genes inside me.
The one simple line: 'Buy Assets, Not Liabilities' changed everything about the way I saw money from that point on. I've been accumulating assets ever since. Definitely worth a read!
@Eight Loco Mainly stocks, dabbled in real estate, and now crypto.
@Eight Loco I wish you all the best :)
I just finished reading this book! SO GOOD! He mentioned having financial heroes and I’ve added you to my list!! Your content is always so good! 🙏🏿🙏🏿🙏🏿😭 thank you
Ok, you’ve convinced me to read the book!
The part about not working for a pay check is SO TRUE.
I work in high profile families and have seen time and again exactly what you describe regarding mental health of affluent children. It’s very important to think about why you want to be wealthy.
Read it ! Changed my life on money forever. I now have 4 different sources of income. And out of those 4 , I pay myself first
15:10 - This is the first time I've seen a supply/demand graph in which supply and demand are placed along the same axis. However the graph is drawn, the interpretation should be:
- When supply decreases and demand remains constant, price goes up.
- When supply increases and demand remains constant, price goes down.
I love this video Vincent! I’ve always wanted to read that book but never got around to it. Thank you for presenting the main points in your very special, humorous way. I love learning from you. You’re the best!
Such a great unlock from the book for me was the idea of assets generating your income, not your job. It is a simple concept but one I hadn't really realized before Robert explained it. Escaping the fear that you have of losing a job or not being willing to change jobs out of fear of financial instability is surmountable from passive income!
Will check this out!
"A reader lives a thousand lives before he dies . . . The man who never reads lives only one."
“A gamer lives a thousand lives before he dies … the man who never games lives only one.”
This is complete facts!
“Education is the most powerful weapon which you can use to change the world.” - Nelson Mandela
YES! Awesome quote. Did you ever read this book?
@@VincentChan yes, very eye opening
I think the greatest tragedy is we are made to become dependent on institutions for our survival instead of being taught and encouraged to rely and trust ourselves and our own abilities to survive and be self sufficient. We are made to disconnect from our true potential in order to be passive servants to someone else's needs and dreams...
Awesome video man! It’s all about changing your mindset
"Laziness is over bussines"
Because if you are over busy you are usually neglecting or avoiding something else important. Very True and great quote.
This is great thank you
This book is a background player to me. When I read it, it was a huge turning point but in a more subtle way. With every dollar I earned, I had a mini Kiyosake on my shoulder saying ‘you have a choice here, be poor, middle class or rich’. I love his idea that every dollar earned presents a choice to you and it crushed my feelings of financial hopeless, because I now see this as my choice and in my control, the way Morgan Housel describes as ‘I’ll never be able to afford a house so why save’.
I just started reading this book, and now you post this. Truly a great day and there’s so much to learn from this book, I love it
Thanks for doing this, such a great overview of the book, which I'm now currently reading. I think you should do more of these book-club style videos.
This was legit the first book i ever read, such a phenomenel book!
I am 22 years old now and was 21 when i started my journey.
Started reading exactly 1 year ago and now i read 2 books a month at least, invest in the stock market and crypto, looking into real estate soon as well.
Your channel is so amazing and thank you a lot for the videos you put out!
Hey, I’m 21. What books did you start reading? I’d like to get some more knowledge on the stock market and crypto without binging TH-cam videos. I feel like if I read, it’ll retain a lot better and I’ll be more engaged.
@@timothyjackson2086
1. Your money or your life
2. The millionaire next door
3. Why the rich are getting richer
4. FAKE
5. The richest man in Babylon
My current top 5 economy related books, hope it helps
I’m currently about 80% through "Playbook to Millions by Grant Cardone. I have read a lot of entrepreneurial books and self improvement books, and this book is my absolute favorite. This book is extraordinary and really gets you to work extremely hard toward your goals in life and succeed at multiple different areas like career and relationships. This is an absolute must buy if you need a push to get you going in business or you want more out of life.
Big fan and this book also changed the way I look at finances. I have a thought for a video about net worth as a percent of income instead of basing it on an age that assumes you are retiring at a typical time what if you where ahead of schedule and wanted to retire early? I realize there is more moving parts for this but I've been trying to figure out where I am at with what I have now. I've seen the inverse curve based on the percent you save but that's a specific example starting from zero. I'm just wondering what your thoughts are, thanks!
Thank you so much for this video 🥰!
This will really help me and I cannot wait to see where I'll go.
I’ve read your recommended book and it’s really a good one! Another that I really like as well is “The Psychology of Money” ~Morgan Housel
Nice video, keep the knowledge flowing
Another great video with valuable information. Thank you.
This book changed my financial life as well. Love the clean white set too man
I was able to 100x my income when I was 18. I was getting $5/month allowance before and when I graduated, I was getting $500/month.
lol that Snapchat from your first day at work 😂 Glad it worked out for you and your channel got big!!
You are awesome bro more book summary
Your videos are so engaging
🔥🔥🔥Such a good read. Can really change your life if you put it to action!
same! this book changed many lives. forever grateful
should ABSOLUTELY be required reading
Hey Damon! My gf loves your channel haha :) Thanks for watching
Where do you get these in between clips you use in your videos, really cool
I’m currently reading this book it’s great
Can you share the links for the journal articles? I want to share with friends
Not all financial and not in any particular order but each helped change my perceptions and are often read again for reinforcing good financial ideas and habits over ingrained bad ones.
Rich Dad Poor Dad, The Richest Man in Babylon, The Millionaire Next Door, A Framework for Understanding Poverty (revised edition), Outliers (Malcolm Gladwell).
Do a book recommendation (financial)
This one was also big in my life. It helped me also get into other finance books as well like The Richest Man In Babylon.
I love your videos so much. Thank you for improving my life :)
Where do you get your graphics and videos ?
Dude, very motivating! Your story is inspiring bro!
Was literally reading this in work today and yesterday.
First, thanks for putting all this content together. It's super practical (and relatable for us ex-corporate finance professionals out there).
I've always liked this book, but took me several years to realize that this was the philosophy and more skills were required to be developed.
Too many finance books to mention, but "Millionaire Next Door" is also a very good, readable book to help people distinguish fact from myth. "Rich Habits: The Daily Success Habits of Wealthy Individuals" does an excellent job bridging that gap.
"Richest Man in Babylon" and "The Seven Spiritual Laws of Success: A Practical Guide to the Fulfillment of Your Dreams" are good ones to fine tune one's philosophy and approach.
ps - dropped you a LinkedIn request last week, writing in from CH. :)
yup this book also change my life ....robert kuyosaki is my fav
I need advice!
-My primary residence is a condo and I have $100K left to pay
- I want to buy a house (not this year) for approx $320k or less. I don't think my salary to debt ratio would qualify me for a mortgage that high, BUT
- I have about $300K in investment savings
- I want to use my condo as a rental property
How should I go about this? Should I pay off my condo 1st? Or should I do a 50% down payment for the home? Or should I keep the $$ and just get another mortgage? Or.....???
Thanks in advance for your advice 🙂
Same. This book changed everything for me.
when did you read it?
@@VincentChan 2018. Net worth of about 25k. Now 270k. Still haven’t created my own business but have added numerous revenue streams and focused on adding assets. Three rentals, attacking the stock market, etc.
This book also changed my life when I read it 5 years ago, but it's actually his friend's dad and not his dad's friend as you mentioned.
Great...
this is the best book for people who don't know about money
Literally finished reading this book last week 🤣😄
Amazing! What did you think of it?
@@VincentChan great book!
i like your hair!
I love book club
We're greatful for Kiyosaki for sharing his story and I learned a lot. My mindset was opened after reading that great financial book
You got almost 470k subscribers! 😀
Luck also plays a big role in financial success, this has been proven. There are many wealthy people that got that way by dumb luck and there are others who applied all these principles and never became wealthy.
Have you ever thought about if everyone took wealth this way, there won't be individuals who work hard(poor dad) to make all of this even possible? That would be an interesting scenario to be in.
I love how the thumbnail with a book of Rich Dad, Poor Dad changed into a red rectangle with a question mark.
So awesome to see how much your channel has grown! My favorite financial book was reading “Total Money Makeover” by Dave Ramsey back in 2014. Wife and I were about 80k in debt. Fast forward to 2022, and we have ZERO debt of any kind, even our house is paid in full. Crazy how much debt holds people back. I have yet to read “Rich Dad Poor Dad” but it’s on my bucket list.
I buy this book for my 17 year old son because he want it and many other books , he got 20 years old now and he saves a lot
I actually read it 15 years ago!! I just made a video showing where it’s got me
I just want to have enough money to do the things that I love, focus on my health, my boxing, go to the beach, help others lose weight I could care less about a 1000usd steak
Rich Dad Poor Dad is a great book to understand how money works as well as what is an asset and liability as well as how to leverage debt. Be careful consuming Robert Kirosakis content though, he can be very miss leading.
He's a nutter. Lol.
Yo is that selfie taken at 787 7th Ave lobby??
Bro. You can’t be talking about finances and financial freedom while promoting debt to pay for debt. Upstart Loan
"1+1=3" i almost didnt catch that lmao
14:20 Did he just say one plus one equals three?
Everyone admire about Rich Dad bro, but does anyone know Vincent cover all main point of rich dad book? This guy is on another level of legendary
Agreed!
if you are not making money while sleep then you are in the bad situation, just you feel numb and don't feel it.
What's your favorite book about finances?
RICH DAD POOR DAD
Intelligent investor
The psychology of money
Richest man in Babylon
RICH DAD POOR DAD
I read rich dad poor dad right after reading think song grow rich and the richest man in Babylon and I literally jumpstarted my financial education careers!
Great book. Too bad the guy is such a nut. If you listen to him now, he sounds like that uncle that's really into Rush Limbaugh and Alex Jones.
So many fake Vincent's in the comments. 😂 I read Rich Dad Poor Dad and played the CASHFLOW boardgame. Very good. I don't think Rich Dad himself was ever a real person but its a creative way to teach.
I totally think he's real lol. I think I even remember Robert talking about rich dad dying lol.
What was that cartoon rat animation from? It looked so familiar.
A comment to feed the algorithm, you`re welcome, and thank you!
It seems like u either have 4 IG accounts that are exactly the same, or someone is hacking your accounts.
By the way there is a private instagram account in the name of Vincent chan is that you??
I only have one IG and I would never ask you for money. please see my IG link in description. Beware of scam imposter accounts.
@@VincentChan ok thank you
$1 cheeseburger? You obviously haven't bought a cheeseburger in America in the past 3 years
👏🏿👏🏿👏🏿
well I dont mind being in a rat race, as long as get paid a right amount of money. Having financial education I'm already preparing for moment I will leave the workforce.
Chapter 2 is... keep changing. Do not get into a rut. As you might say... diversify, but I add to that to do so slowly with intent, not emotion.
Interesting. I love Robert Kiyosaki but he is very much anti stock market, very much against paper assets. He is all about real estate, precious metals, using what he calls "good debt" to generate cash flow.
binge watching you contents 👀
Learn to pronounce
You have a minor typographical error. (Spelt difference as 'diffference'). Otherwise, this is a wonderful video. Cheers.
Somewhere at 0.58 mark.
@@gladyslim7970 This sentence does not have a subject. Otherwise, it's an okay comment. Cheers.
Is there a scammer on Instagram with Ur name?
Earing $35,300 every 4 days is still like a shock to me with just $9,100 investment . after passing through a lot of humiliation with my family from my boss. Your trading platform remain the best ever. I will ever remain grateful to Frederick Kurt
Beautiful place
you can also lose a lot of money in the stock market
Or if you drop your wallet....
@@CreditSolutionist yeah that would be bad also
That book is overrated, it mostly pure repetition. The best entrepreneurial book I have ever read was “Millionaire Fastlane”.
Repetition is good for drilling ideas into your head.
What is millionaire fastlane about?
Far too strung out. You need to summarise alot more effectively
EVFM scam
Great book but Kiyosaki is a right wing nutjob. Watch any of his current videos and it’s like what? This is the same guy? Proceed with with caution on anything he promotes nowadays.
Hey. I've sent you an "apple bottom jeans" dm twice in Instagram already. You didn't even reply once. First dm is two months old already.