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Every family has that one person who will break the family's financial struggle, I hope you become the one

One thing I've learned from billionaires is to diversify your investments and to always put your money to work. This year, I hope to make money investing roughly $200k of my savings in stocks.

Ah, I can't see the old woman with big nose

Its 3am and I have to be up for work in 5 hours… This shi’ better work

Cool 😎

Erm.. what the sigma

Ah yes, watching this instead of sleeping

Brilliant book. Bad maths. Nothing keeps improving at a consistent percentage. There is such a thing as diminishing returns.

If you believe FA can make you rich, you better stay away from stock market

I’m sorry, but the Gambler’s Fallacy is bunk. You are necessarily moving closer to a tails, if you’ve gotten a bunch on heads. You are getting closer to the next jackpot, if it hasn’t hit in a stretch. There is indeed some natural force that does remember the previous wins, or losses.

Watching this at 3:48am cause I can't sleep 🤣

Beautiful... just beautiful summary!!! thank you for this ... and hats off to Sir Robert Green.

Michael Scott’s golden ticket idea episode is a perfect example of hindsight bias

Love the content. Definitely looking forward to more

Only 4 glasses of wine, lol. What size glass? Is a large that’s nearly a whole bottle…

Thanks for sharing this 👏🏻👏🏻👏🏻👏🏻👏🏻👏🏻

Hallllooodoofkfkfkkfkfkfkfkfkkfk

Great video and value. Thanks ❤

I’d like to hear the rest of the laws.

Learning to sleep while I should be sleeping 😪 (at 12am)

- Survivorship bias (focus on the winners): logical error where the data we are presented is representative of only a subset of the population that has already survived some kind of filtering process. Only look at what has survived and overlook the challenge & failure - Self-serving bias (if something bad happens, don’t blame me): failures are external and positive are personal. Seek accountability and feedback - Fundamental attribution error (its not my fault): we judge others behavior on their personality or fundamental but we attribute our own behavior to situational factors - Hindsight bias (confidence creating memory distorter): After the event happens, “you knew that was going to happen”. Memories are distorted. - Availability bias (the lens you see the world through): what you see, is what you believe - Availability cascade (a self-sustaining chain of events): an enormous overreaction to a minor thing - Sunk cost fallacy (the escalation of commitment): our tendency to continue with an endeavor we've invested money, effort, or time into-even if the current costs outweigh the benefits - The framing effect (its all about the presentation): drawing conclusions depending on how its presented - Clustering illusion (the faces on the clouds): occurs when individuals perceive patterns or clusters in random data, even when there is no actual pattern or clustering present. - Exponential growth (not a bias* but good to know): a process that increases quantity over time at an ever-increasing rate. - Barnum effect (That sounds exactly like me): person's natural tendency to think that a generic or vague personality description applies specifically to themselves

I've read the book and let me tell you that this video is perfect for those who hate reading

Pro tip to hide microexpressions: wear an actual, physical mask. Like, the one that hides the bottom half of your face.

You sound like Elon Musk ❤

They ate with this intro analogy.

I can't sleep trying to sleep while watching this.

Watching in my semi sleep state

Mind Trap #0 - You think this video will solve your problems

I would prefere not to open the cc

Quick update: This video has earned more money than the book itself…. Nah just kidding! Can’t help myself to watch this over and over again while taking my nightly shower. I will buy the book on June 08, 2024 at FullyBooked store in Rockwell Makati PH. Will keep you guys poster 😎

Mindset is the key to programming new habits.

I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for.

Nice i just exposed myself

IMPRESSIVE..

Watching during an all nighter😂

Thank you !

I want to quit my job but do it right without having to suffer the wrong way. I know suffering and diligence will have to come but how to do it right is always on my mind but also not missing the mark

which software do you use to make these videos?

which software do you use to make these videos?

which software do you use to make these videos?

which software do you use to make these videos?

Can someone write the bias names out please

You can read summary of ":Rich Dad Poor Dad" here readerabstract.blogspot.com/2024/05/rich-dad-poor-dad-brief-summary-4.html

If you ever listen to anything while reading comments let it be this- read the book 25 Money Secrets From Donald Trump then come back and thank me

STAY HARD

Imma share anecdotal stuff - the single best thing that happened to my sleep was getting my dog. He has a huge outside kennel and a backyard, but i still fell into the habit of waking up early, usually with sunrise, to play with him first thing in the morning, and to take him for a walk for about half an hour. I then have breakfast and go about my workday. We go to another short walk in the afternoon, and one in the evening, before sleep. It took two weeks for my body to set into a sleep schedule I never knew was possible - I just FALL asleep, almost instantly, when my head hits the pillow around 10pm. I sleep more or less without waking (depending on stress and cycle), and wake up around 6 am. I dont even need an alarm anymore. I....I didnt know people can do that, I thought it was a myth, lmao. I have been enjoying this for 4 years now. Being able to just fall asleep is lowkey one of my proudest unintentional life accomplishments. Edit: thank you to the good boy.

How do you make videos like this?

Amazing content. Learned so much

This production is mind-boggling

The symbol of fire in the end is looking like the tinder logo