The Book That Changed My Financial Life 🤑

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  • čas přidán 16. 06. 2024
  • In this episode of BOOK CLUB, we're talking about 14 money rules I follow to build and keep wealth which I learned from reading Morgan Housel's book 'The Psychology of Money'. These lessons have helped to change my outlook and attitudes to money and are super useful to learn early on in your journey to financial independence!
    - Sign Up To Curiosity Stream To Get the FULL version of this video with all 14 lessons on Nebula: curiositystream.com/ali
    - Buy The Psychology of Money: geni.us/5opc3P
    - BOOK CLUB Playlist: • Book Club
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    Timestamps:
    00:00 Intro
    00:26 Lesson 1 - Everyone has different attitudes towards money
    01:18 Lesson 2 - Don’t underestimate the importance of luck
    01:51 Lesson 3 - Learn to say “this is enough”
    04:11 Lesson 4 - Appreciate the magic of compounding
    05:30 Lesson 5 - Save as much as you can
    06:59 Lesson 6 - Focus on not screwing up
    08:13 Lesson 7 - Use money to buy freedom
    09:10 Lesson 8 - Getting wealthy is different to staying wealthy
    10:18 Lesson 9 - Don’t be a flashy twat
    11:17 Lesson 10 - Leave room for error
    12:35 Lesson 11 - Avoid extreme financial commitments for your future self
    13:45 Lesson 12 - Be reasonable rather than rational
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Komentáře • 1,8K

  • @DoanBaLieu
    @DoanBaLieu Před 3 dny +1079

    People, these reads are part of the herd. You're after something extraordinary, something that distinguishes you. Go uncover the confidential Earn More Money Than Your Boss and only then will the true essence of wealth and the shortcuts to success reveal themselves

    • @ParrotLover-et8yu
      @ParrotLover-et8yu Před 3 dny

      Thanks , been searchig for that book for a while, thank God I found it on borlest 2 days ago

    • @dimitrijeapic2875
      @dimitrijeapic2875 Před 2 dny

      Easily the best book that I ever read

    • @nodylisabiuru7
      @nodylisabiuru7 Před 2 dny

      ​@@dimitrijeapic2875yeah this book containst so much money secrets, I never read anything like this before

  • @F3RY20
    @F3RY20 Před měsícem +1004

    I really like how thorough you are and how well you explain everything, and the book is amazing as well. There's also a book I would recommend that you add to your book club called ancient wealth cipher, that book saved me financially and helped me learn things about money I never knew existed and were possible. Anyways keep up the good work!

  • @Aurelijegas
    @Aurelijegas Před 2 měsíci +630

    its kinda crazy how no one talks about Nixorus and book called Ancient Wealth Wisdom

    • @Chadinaa
      @Chadinaa Před 25 dny

      I agree, they have great stuff

    • @gtanz1
      @gtanz1 Před 6 dny +1

      bots

  • @rileydawnofficial4335
    @rileydawnofficial4335 Před 2 lety +902

    I love how fast he talks. Doesn’t waste time and gets straight to the point. I appreciate humans like this. I subscribed.

    • @maximiliankiel2996
      @maximiliankiel2996 Před rokem +34

      He just sped up his video by 25%, switch the speed to 0,75 to see him talk like every other human 😅. Those CZcamsrs…

    • @bravokarthi6600
      @bravokarthi6600 Před rokem +7

      @@maximiliankiel2996 he really speaks fast...

    • @starmorpheus
      @starmorpheus Před rokem +7

      @@maximiliankiel2996 Lol what? You can tell it's his normal talking speed. He has podcasts with other people where he speaks the same way. What a strange comment to make.

    • @bjcee
      @bjcee Před rokem +16

      Yeah no, I don’t. It’s hard to follow. Thank god for the speed button.

    • @zakariasoulaymani5364
      @zakariasoulaymani5364 Před rokem

      @@maximiliankiel2996 i

  • @EnigmaEarningsExpedition
    @EnigmaEarningsExpedition Před 2 měsíci +742

    drop everything you're doing and find an ebook called making money your reality, trust me on this

  • @samonearth9507
    @samonearth9507 Před 2 lety +450

    "There is no reason to risk what you have and need, for what you don't have and don't need." I really liked the quote.

    • @srourfamily
      @srourfamily Před rokem +1

      i purchase my home at age 19, and now own 10 houses but will not take risk that
      "sense of security" Most individuals from previous investing and now broke and dead, because of chasing money that their bodies couldnt keep up!! fools and senseless way of living. Ego and Status Models that rip the soul.

  • @MarkJones-yu1rs
    @MarkJones-yu1rs Před 13 dny +659

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

  • @pearlgirl
    @pearlgirl Před 2 lety +215

    “Savings = Income - EGO” was my favorite quote

    • @avenue2revenue
      @avenue2revenue Před 2 lety +1

      Yeah, everyone should stop keeping up with the Joneses!

    • @VedavyasRS
      @VedavyasRS Před 8 měsíci

      Wow, best quote ever 👏😍

  • @meganlouise8943
    @meganlouise8943 Před 2 lety +632

    When you stop learning, you get left behind. Never stop
    educating yourself

    • @simonethomas9393
      @simonethomas9393 Před 2 lety +5

      I love this, i pray this message gets to everyone who needs it

    • @simonethomas9393
      @simonethomas9393 Před 2 lety +2

      Building wealth involves developing good habits like
      regularly putting money away in intervals for solid
      investments. The stock market has plenty of
      opportunities to earn which I myself took advantage of.
      I made my first million from going diverse, mainly
      ETFs(stocks, bonds etc), bitcoin, and gold. I'm also
      working on an investment plan that includes NFTs with
      my advisor,Kelvin Maorgan. It's been a year and half
      of steady growth.

    • @danaandrioaie1495
      @danaandrioaie1495 Před 2 lety +2

      @@simonethomas9393 You have a point, lately I found out that we have lots
      of opportunities to become financially free but most
      times we let this opportunities pass

    • @danaandrioaie1495
      @danaandrioaie1495 Před 2 lety +2

      Just like bitcoin, got to know about bitcoin from a
      friend 6 years ago but didn't see any reason to invest
      it it then, that's one decision I regret everyday

    • @franknedu1957
      @franknedu1957 Před 2 lety +1

      @@danaandrioaie1495 exactly, bitcoin has lots of potential but people prefer keeping there money in banks than investing. From my research nobody became super rich through savings put that money to work

  • @MilionareClub1
    @MilionareClub1 Před 3 měsíci +92

    Best book that I ever read was "Rich People Know This", what I founded inside was miracle. So facinating facts about riches mindes and how they think is banger. Would reccommend to every person who wants to get rich!

    • @risk-mq6xm
      @risk-mq6xm Před 3 měsíci +1

      Where Did You Find The Book?

  • @YTDataAnalyst
    @YTDataAnalyst Před 2 lety +374

    Looking forward to acquiring ASX stocks what do you think

    • @Pauldonald21
      @Pauldonald21 Před 2 lety

      Traded ASX some years ago but i must say US stocks are vry much okay and of higher value with quicker gains.

    • @kathleenstoner.n7499
      @kathleenstoner.n7499 Před 2 lety

      I too will advise u check US stocks u can get a registrd exprt to do the tradings for u or See *Sandra Yvonne Webster* on the nets she's registrd & vry good. Do your own research.

    • @dr.karidouglas1312
      @dr.karidouglas1312 Před 2 lety

      She was here in Sydney for a seminar. Great speaker, full of humor and rhetorics too. Lol!

    • @Thompson7888
      @Thompson7888 Před 2 lety

      True being on oil & gas for years

  • @augustineboruvka4396
    @augustineboruvka4396 Před rokem +92

    Successful investing is hard work because it means disciplining your mind to do the opposite of human nature. Buying during a panic, selling during euphoria, and holding on when you are bored and just craving a little action. Investing is 5% intellect and 95% temperament.

    • @cliffordmatthew2789
      @cliffordmatthew2789 Před rokem +2

      We have learnt in investing journey that you can't control the market but you have the power to control your actions in the market

    • @natalieattkisson7997
      @natalieattkisson7997 Před rokem +4

      @@cliffordmatthew2789 It's important to have patience in order to build wealth. In fact, patience might be one of the most important factors in lnvesting.

    • @natalieattkisson7997
      @natalieattkisson7997 Před rokem +1

      @@cliffordmatthew2789 Sometimes we're the only ones stopping ourselves from moving forward b/c of our emotions. With a strong-willed mindset, anything is possible.

    • @davidbjorn8891
      @davidbjorn8891 Před rokem +1

      @@natalieattkisson7997 I have been thinking about how to grow my reserve by 100% or more within months. I will be grateful if you can give tips or anything on how to make good market picks and how I can get my portfolio diversified and balanced in order to meet up my targe

    • @deannagimenez1744
      @deannagimenez1744 Před rokem +2

      @@davidbjorn8891 Think long term, personally i ventured into the market so i won’t be stranded after i retire. A colleague of mine introduced me to CFA " HELEN EUGENIO TORRALBA " who drew out retirement plans and they all aligned with what i wanted and had to pick one plan and with her exit and entry strategies on commodities , securities and digital assets, my portfolio has really been diversified with good ROI. I am really impressed by how much i have achieved

  • @andrewcleverly1322
    @andrewcleverly1322 Před 2 lety +392

    When you invest, you are buying a day that you don't have to work.
    I pray everyone reading this becomes successful.

    • @andrewcleverly1322
      @andrewcleverly1322 Před 2 lety

      @John Alfred Crypt0 investment, but you will need a professional guide on that.

    • @andrewcleverly1322
      @andrewcleverly1322 Před 2 lety

      @John Alfred you can reach out to him now on FB 👇

    • @andrewcleverly1322
      @andrewcleverly1322 Před 2 lety

      @John Alfred Mark J. Ramsey

    • @myytchannel6632
      @myytchannel6632 Před 2 lety +1

      You stole this comment, FOOL!

    • @Sallyman5741
      @Sallyman5741 Před 2 lety

      @@myytchannel6632 these are investment Bots dont fall for the tricks Theyre all over YT

  • @aliabdaal
    @aliabdaal  Před 2 lety +137

    If you enjoyed this video, you might like my weekly newsletter, where I share actionable productivity tips, practical life advice, and high-quality insights from across the web, check it out here: go.aliabdaal.com/subscribe-sundaysnippets

    • @masternobody1896
      @masternobody1896 Před 2 lety +10

      its not about how much money you make its how about how much money you keep and how much you give - rich dad

    • @meandmy9745
      @meandmy9745 Před 2 lety +5

      Yur speaking tooo fast... Please thora kam speed se bolei ta k audience ko kch samjh b ay. Most of the people have that ability to listen n understand fast words. but some of them dont have. I hope ull think about it.

    • @poisson6673
      @poisson6673 Před 2 lety +2

      Next vid suggestion:
      *How productively study for logical reasoning based competitive exams like JEE ADVanced and stop talking about active recall,spaced repetition which only applies for easy memory based american medical exams for noobs....I mean JEE adv is smthg of another level*
      Wasted my time nd money on that skillshare course of his [how to study for exams]...mybadd...ended up with perfectionism,analysis paralysis,etc and that the methods discussed only apply for memory based exams

    • @altArchitecture
      @altArchitecture Před 2 lety +1

      Not a bad idea!

    • @Juduh
      @Juduh Před 2 lety +2

      Romans 10:-108But what does it say? “The word is near you; it is in your mouth and in your heart,” that is, the word of faith we are proclaiming: 9that if you confess with your mouth, “Jesus is Lord,” and believe in your heart that God raised Him from the dead, you will be saved. 10For with your heart you believe and are justified, and with your mouth you confess and are saved.

  • @thecliche3467
    @thecliche3467 Před 2 lety +11

    Dude, love you videos, just came across the channel over the last week, and love it. especially these Book Club vids, as an avid reader myself, I do think that 80% of the messages within a self help / progress book can be conveyed in 15 minutes, so loving this form. well done man.

  • @shantanusinghjhala4452
    @shantanusinghjhala4452 Před rokem +99

    Bro this is my first ever comment on you tube....generally I see videos on 1.5x or 2x speed...but because of your speed I saw this video at 0.75x...but nice work bro👍

  • @Hamza97
    @Hamza97 Před 2 lety +77

    nice video Ali but I heavily disagree with these slow lane tactics. The best way to wealth isn't savings or investing in index funds, it's exploding your income through a business. Everyone who makes a good amount from investing starts with a huge income much higher than the population. Get to $10,000 PER MONTH first, then think about investing.
    And if you're young and don't have too many responsibilities then it's best to invest in higher risk like bitcoin and eth rather than stocks, imo. Explode your wealth in your 20s, maybe 30s, become financially free and then put it all into safe, slow, secure investments after that.

    • @jordanroberts2929
      @jordanroberts2929 Před 2 lety +12

      You're right but you do need a certain percentage of your income invested in slow lane tactics like index funds so you can guarantee a decent retirement. The younger you start the better since compound interest will do the heavy lifting. Even if this means investing just 10% every month into safer investments. But yes invest in yourself and build skills to get to 10k/mo then in your biz to get it to 100k/mo and then worry about other investments from there.

    • @aurimasbutkus7294
      @aurimasbutkus7294 Před 2 lety +2

      I agree that you won't you make the money you desire by investing in securities with 8% or less annual return, when you are 20 and making 2k a month. But by investing at least 100 or 200 dollars a month builds a habit and increases your knowledge on investing and makes you less likely to lose money and more likely to get better returns later on, when you make 10k a month. On the other hand i agree that while being young most of the money should go to education and self improvement, because that compounds like no other investment.

    • @greenbionomy4340
      @greenbionomy4340 Před 2 lety +2

      Good point. It seems like the slow lane approach is really the most promoted one. To be honest, before reading "the millionaire fast lane", the slow lane tactic was my plan. It's funny how you can learn every day and change your paradigms.

    • @artifica2
      @artifica2 Před 2 lety +1

      Saving isnt the best but still worth it by not falling into thinking spending will make you happy and if not skimping on your health

    • @mirabella2154
      @mirabella2154 Před 2 lety +2

      That's bullshit.

  • @morganlulu
    @morganlulu Před rokem +6

    I love that he talks fast and what he says contains no fluff. THANK YOU ALI! I actually am listening and absorbing information.

  • @JacquiMwangi
    @JacquiMwangi Před 2 lety +24

    Ali your videos are always insightful, practical and delivered with no fluff! 🙏🏾

  • @JeffreyFay
    @JeffreyFay Před rokem +16

    11:05 I think this was such an important point and I can’t believe how briefly you covered it!

  • @esiedler1
    @esiedler1 Před 2 lety +589

    Acquiring wealth is only half the battle the other half is maintaining your riches

    • @someonewhocares...2513
      @someonewhocares...2513 Před 2 lety +2

      Oh sod off, will you?

    • @knilloc8095
      @knilloc8095 Před 2 lety

      How are you verified when you don't have a channel

    • @moosdeboer6469
      @moosdeboer6469 Před 2 lety +7

      its way harder to acquire wealth, this quote is big dumb

    • @intello8953
      @intello8953 Před 2 lety

      What a cringe quote but aight I guess

    • @Juduh
      @Juduh Před 2 lety +3

      Repent, trust, and believe in Jesus and be saved.
      John 3:16“For God so loved the world that he gave his one and only Son, that whoever believes in him shall not perish but have eternal life. For God did not send his Son into the world to condemn the world, but to save the world through him.”

  • @lenarindegard1203
    @lenarindegard1203 Před 2 lety +10

    I love how fast he talks yet is so clear:). Love his videos! Always great content.

  • @teegnas
    @teegnas Před 2 lety +70

    I have read the book and listened to the audiobook on audible ... but I gotta say that this is the best summary of the book on the internet if anyone is looking to reinforce the learnings from the book

    • @atanasfit
      @atanasfit Před 2 lety +1

      Totally agree, Sangeet! Such condensed information and structured in the right way.

    • @matthewrk84
      @matthewrk84 Před rokem

      Is it still worth reading the book having watched this?

  • @pnwmax
    @pnwmax Před 2 lety +9

    new to the channel and here for 2022. love how you share useful and necessary info and so simply that everyone can get at least something lasting from each of these.

  • @joydeepbhattacharjee3849
    @joydeepbhattacharjee3849 Před 2 lety +34

    psychology of money was gifted to me by my wife on my birthday. It is the best book that I have read in recent years. I truly agree with the base assumption of the book that at a personal level money is about psychology, discipline and grit and not about formulas and maths.

  • @tshego_ceodesk
    @tshego_ceodesk Před 2 lety +4

    Morgan Housel was a guest speaker at the CFA South Africa conference this year and I loved his insights and had a mental note to get the book. Now you've convinced me to buy the book and read it over my December leave since I always do personal finance mindset refreshers for my overall life planning. Fantastically done Ali! Thanks

  • @pranb3702
    @pranb3702 Před 2 lety +1322

    1. Everyone has different attitudes towards money
    2. Don't underestimate the importance of luck
    3. Learn to say "this is enough"
    4. Appreciate the magic of compounding
    5. Save as much as you can
    6. Focus on not screwing up
    7. Use money to buy freedom
    8. Getting wealthy is different to staying wealthy
    9. Don't be a flashy twat
    10. Leave room for error
    11. Avoid financial commitments for your future self
    12. Be reasonable rather than rational

  • @jettyung2389
    @jettyung2389 Před 2 lety +318

    Paid off my students loans early putting as much as I could afford from my salary into it, and just as Ali suggests with his mortgage example, it is not the best thing to do at all, but the emotional value of having that weight off your shoulders just gives me peace. In the end, I just want peace.

    • @angeldeschain0
      @angeldeschain0 Před 2 lety +18

      In the end, you are buying freedom, and freedom is a subjective matter. Congrats

    • @charisginn6932
      @charisginn6932 Před 2 lety +33

      Same!! I took out student loans my first year and then worked my ass off to pay them down while still in college. It would've been much "smarter" to wait since they weren't accruing any interest at all...but graduating debt free was an amazing feeling and 100% worth it.

    • @marthaayalew2505
      @marthaayalew2505 Před 2 lety +3

      Am trying to figure out to pay off or invest since what o saved is equivalent of how much I owe! Lol
      Regardless u did great debt is debt.

    • @britneyferndx763
      @britneyferndx763 Před 2 lety +2

      @@marthaayalew2505 i wouls say invest half and pay off the other half that way you done have to decide too much

    • @marthaayalew2505
      @marthaayalew2505 Před 2 lety

      @@britneyferndx763 good idea! Thx

  • @wilsonjudson1650
    @wilsonjudson1650 Před 2 lety +243

    The wisest thing that should be on every wise individual's list is to invest in different stream of income and don't depend on the government to bring in money especially now the pandemic is hitting the economy

    • @fredrickconte6270
      @fredrickconte6270 Před 2 lety

      you are definitely right , waiting on the government is a big waste

    • @wilsonjudson1650
      @wilsonjudson1650 Před 2 lety

      Investments are the stepping Stones to success especially if you been guided by a professional

    • @williamjohn1374
      @williamjohn1374 Před 2 lety

      Investing is good but investing in the right thing is the actual key to success . who is your pro ?

    • @wilsonjudson1650
      @wilsonjudson1650 Před 2 lety

      That was exactly what I did, I trade with a professional stock expert "VIVIAN KLAINE MORGAN " who i met in one of the seminars..

    • @wilsonjudson1650
      @wilsonjudson1650 Před 2 lety

      There are so many investment out there but if profits must be considered then not all investments are good to go into.

  • @abigailchiu
    @abigailchiu Před 2 lety +5

    I love your book club series the most out of all your content series! Keep the wonderful summaries coming

  • @lmkestep
    @lmkestep Před 2 lety +7

    Very inspiring and good reminder to be thankful for what we already have! Thank you Ali.

  • @n_kennedy3015
    @n_kennedy3015 Před 2 lety +2

    I watch a lot of your videos, and I should say this is the best video among your other videos. Seriously love what you're doing and keep on!

  • @allbymyself4927
    @allbymyself4927 Před 2 lety +10

    I am currently reading this. I love the kindness undertone, the i understand tone of a friend, judgement free zone. It has helped to encourage me to save more.

  • @Reejix
    @Reejix Před 2 lety +101

    "Protect your wealth and cure your illness with charity." Imam Ali (AS)

    • @TheNetworkViking
      @TheNetworkViking Před rokem

      😍😍😍😍😍😍Janam Fidai Haidari... Greatest advices from the master of Believers!

  • @The-prosperity-Hub
    @The-prosperity-Hub Před rokem +1

    Hey Ali. Tnx for an amazingly elaborate review of The Psychology of Money. You summary is so precise but covers all aspects of this books. I hate listening to king speeches and videos and I have to say you made it so interesting for on to listen and grasp the lessons as I’m currently reading the book and enjoy listening to reviews after every reading chapter. 🌹

  • @ChrisInmanDrums
    @ChrisInmanDrums Před 2 lety +4

    I needed this! Going into the new year with a renewed focus on getting good with money (not that I’m the worst, but…). Want to invest loads into this channel and for that I need 💰💰🤷🏻‍♂️ Gonna get this book to read in full. Thank you man 🙏🏼

  • @taurustreasury
    @taurustreasury Před rokem +5

    Your review perfectly captures the essence of this book. It's a must-read for anyone interested in personal finance.

  • @geniusidea9038
    @geniusidea9038 Před 2 lety +10

    I'm currently living with my parents and I disturb them all day by telling what I read everyday . I think unknowingly it is a great way to remember what you read. And now 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 personal finance, business and career. This is an absolute must buy if you need a push to get you going in business or you want more out of life.

  • @numberoneappgames
    @numberoneappgames Před rokem

    The love the candid and open discussion on money in this video. It was definitely worth the watch.
    😊💜

  • @Emily-jw1wj
    @Emily-jw1wj Před 2 lety +1

    I really adore how fast you talk. People ask me to stop talking so fast all the time. But if I slow down I lose my train I thought.
    Not sure how I subscribed to your channel but I'm glad I did. Thank you

  • @parisjones9328
    @parisjones9328 Před 2 lety +3

    Excellent recap! My boss read this book and I think it was lost on him and he didn’t recommend it. I’m definitely going to pick it up now!
    Love how your priorities have shifted over the time I’ve watched and reminds us all that money doesn’t have to change people for the worse. Great stuff Ali thank you

  • @NewSaltH2o
    @NewSaltH2o Před 2 lety +53

    Wow all I can say is that advice is spot on. I am 50ish 100% debt free, no mortgage, paid for basic vehicles and work a job I enjoy. You are absolutely correct on every point you have made. My time is free to do whatever I want because I’m not tied to any debt. Thank God I learned the lessons you are talking about early. Your content is well made and very helpful. Keep up the good work!

    • @mikegregors3876
      @mikegregors3876 Před rokem

      Your living the dream , i work my hardest to achieve this lifestyle when I am between 40-50 .

  • @MariyaKapasi
    @MariyaKapasi Před rokem

    Hi Ali, I truly enjoyed this video. I enjoy a lot of the content you put up but this video I particularly enjoyed for the art direction. I thoroughly enjoyed reading the book and the way your video is filmed actually makes me feel like I am sitting with a friend sharing about a book I enjoyed reading.
    PS My friends and I have a tiny book club and I look forward to BookClub Saturdays!

  • @nsivils81
    @nsivils81 Před 9 měsíci

    Normally I listen to CZcams videos at 1.5 speed but you did great. Just my speed! great content, i subscribed! Looking forward to learning more!

  • @fahanibrahimhashi
    @fahanibrahimhashi Před 2 lety +34

    Love that you discussed the emotional side of personal finance

  • @romelindareyes7337
    @romelindareyes7337 Před 2 lety +173

    Putting our time and effort in activities and investments that will yield a profitable return in the future is what we should be aiming for

    • @kelvinl.3875
      @kelvinl.3875 Před 2 lety

      👌

    • @kelvinl.3875
      @kelvinl.3875 Před 2 lety

      A great work demands a great sacrifice.

    • @benildabituin1531
      @benildabituin1531 Před 2 lety

      Speaking about investing, I have been finding a hard time choosing what to invest on, anyone with ideas to help me with?

    • @colegaligger7072
      @colegaligger7072 Před 2 lety

      @@benildabituin1531 I'm into real estate investing

    • @colegaligger7072
      @colegaligger7072 Před 2 lety

      Real estate lets people grow their net worth by amassing more properties. Its a good long term investment idea due to appreciation

  • @cosmasmbah5358
    @cosmasmbah5358 Před 2 lety

    Thank you so much! This is one of the most Amazing videos I've watched in a while.💙

  • @guojiaoshan5523
    @guojiaoshan5523 Před 2 lety +2

    Thank you Ali for the great video, really learned a lot from you, and right now still in a process of reading the book you recommended, show your work!---it encourages me to continue to write and I really enjoy doing that, slowly, see how to transfer it to money, have a great day Ali!

  • @DrPatrickKingsep
    @DrPatrickKingsep Před 2 lety +4

    Hey Ali, Thanks for being so refreshingly honest and real. I found you via David Perell with him recommending your Part-Time CZcams Academy.. I missed the deadline for this cohort but I signed up for your waitlist. In the meantime, I thought I might just check out your actual YT channel to see who this Ali is. My goodness, your good. I came here looking to see whether I could learn something about your style....but before I could, your content certainly grabbed my attention. To think, I just came to see your style, so as to prepare me for joining your YT program, but your great content piqued my interest too. Thank you!

  • @andrewgiang7521
    @andrewgiang7521 Před rokem +3

    Sounds like an amazing book. Funny enough, a lot of these I have already shared same values. But hard to find like minded. Glad to see there must be many who share these goals

  • @baycas
    @baycas Před 2 lety +1

    Great review! I just finished reading the book last night and I couldn't agree more with your statement.

  • @heinfinance
    @heinfinance Před rokem +1

    Thank you for making book review videos! I learned many insights from the books just by watching your review video

  • @jackwyatt9649
    @jackwyatt9649 Před 2 lety +41

    It’s easier to make money now, investors should make more practical moves this coming year and seek guidance where needed since the future is unknown. Stocks with solid operational performance and financial strength, should be considered .

    • @joerobert1801
      @joerobert1801 Před 2 lety +3

      Investors should anticipate the factors that impact portfolio performance and make decisions based on their expectations.

    • @noelstout3056
      @noelstout3056 Před 2 lety +3

      I think it’s best for investors to play it safe, No one can say what how the stock market will turn out this year. I bought some stocks I expected to do better but they didn’t.

    • @seanroger6954
      @seanroger6954 Před 2 lety +3

      @@noelstout3056 you should probably make adequate research on stocks before adding to you portfolio or seek guidance, my portfolio has grown rapidly with the guidance of my FA Dan Raziel who’s helped added dividend paying stocks with regular income despite market volatility and with Dan at the helms of my trades, there’s been increase in my annual earnings.

    • @rahultoggi4672
      @rahultoggi4672 Před 2 lety +1

      @@seanroger6954 Someone recommended Dan Raziel on an investment webinar I was on, how has he enhanced your earnings?

    • @seanroger6954
      @seanroger6954 Před 2 lety +3

      @@rahultoggi4672 Dan has greatly enhanced my earnings with huge capital gains and his trades has been life changing. In my first 6 months, he earned me a trade profit of $116,000 with an investment of $18,000. He constantly help identify lucrative positions to earn from and this has helped cleared all my debt, retirement came early with no regrets.

  • @mahipalsingh9361
    @mahipalsingh9361 Před 2 lety +5

    This is correct because I had a mortgage on my house and I worked twice as hard and cleared that and to tell you the truth it feels quite good. And once I did that I found out that the sources of income stayed with me and now I can save them and put them in right place.

  • @littleninjai222
    @littleninjai222 Před 9 měsíci

    Very well done! Great video. I sent this link to my kids to watch. A great video summarizing MONEY.

  • @tanmaymiddha1988
    @tanmaymiddha1988 Před 2 lety +1

    What a brilliant video, simplified the learnings so much.
    Thank you

  • @sbuciec4609
    @sbuciec4609 Před 2 lety +20

    I wish this guy was my teacher at some point in my life. Fast, straight to the point but retained my undivided attention for 16 mins straight and I grasped everything he said😂💯

  • @BusinessAuthorAcademy
    @BusinessAuthorAcademy Před 2 lety +23

    As a money book writer, I liked the pointing out that you need to have limits in place. In my book, I talk about greed (the HIH scandal) and how our emotions rule our money decisions more than we think.

  • @reubenjedidiahchipemba1608

    Thank you for sharing these lessons, they have actually changed my all views on the psychology of money. Thank you.

  • @rg1283
    @rg1283 Před rokem

    This is absolutely the finest financial advice I've seen in CZcams. Thank you

  • @YoshiGO71
    @YoshiGO71 Před 2 lety +6

    Looking forward to see more books summary. Great advices and good video quality 👏

  • @keltz5028
    @keltz5028 Před 2 lety +4

    Many on CZcams summarizing this book… best is yours. You captured the points well and explained it clearly. Could have done away with background music and playback speed slowed to 0.75

  • @mvanwie
    @mvanwie Před rokem

    Goes to show the prominence of financial education, help and advice. Definitely adding to my collection

  • @insyirah21
    @insyirah21 Před 3 měsíci

    I'm so glad I found this channel, very helpful. Thanks

  • @chikaadiele3155
    @chikaadiele3155 Před 2 lety +19

    Lesson 1, 9, 10, and 12 were my favorite when I initially read this book. Understanding that who you are and where you are from and your relationship around money will impact your finances. It’s made me much more compassionate towards others. Not to mention, people think I’m crazy when I tell them my dream car is affordable, has a good stereo system, low maintenance, and is good on gas. No range rovers or Ferraris for me! 🤣 Emotions play a big role in finances.
    This is a book everyone should read honestly! I loved hearing your insights since you focused on points in way I hadn’t thought about before. Sharing this with my book club friends. Thanks!😁

  • @npvishwajith3398
    @npvishwajith3398 Před 2 lety +79

    I just finished reading it yesterday. One of the best books about money everyone should read.

  • @mmilpp2736
    @mmilpp2736 Před 2 lety

    I love your book club.. keep ‘em coming!! Thank you!

  • @PhilippayFiasco
    @PhilippayFiasco Před rokem

    The lesson of being reasonable over being rationale is perhaps the one that spoke to me the most. Awesome video!

  • @Richardsondx
    @Richardsondx Před 2 lety +7

    I loved this book! :) This is one of the best book on finance I read last year. I read it 3 times - The audiobook is also great by the way

    • @busembertiz7372
      @busembertiz7372 Před rokem

      The book was very shallow. If u liked that book that means u haven't read financial books enough.

  • @user-cd6ny9yp9y
    @user-cd6ny9yp9y Před 2 lety +148

    People who give up in life are people who lose in life, my first experience happens to be a failure but I never gave up cause I knew it was going to work out for me trying continuously, fortunately I'm smiling today by getting involved in investment.

    • @jephasonaderson5596
      @jephasonaderson5596 Před 2 lety +1

      Profitable Investment one can do convenantly at this moment are

    • @jephasonaderson5596
      @jephasonaderson5596 Před 2 lety +1

      : Estate
      : Share
      : Stocks market

    • @cedricjiosh6935
      @cedricjiosh6935 Před 2 lety +2

      Forex trading is really profitable, investing in it now will be the wisest thing to do especially with the current rise in bitcoin

    • @desmondlius7643
      @desmondlius7643 Před 2 lety

      @@cedricjiosh6935
      you're right
      Forex trading is surely a lucrative way to invest whether you want growth, leverage, stable income or something in between.

    • @tressygibson7198
      @tressygibson7198 Před 2 lety

      Obviously often times we just look for what to invest in and usually encounter these problem. It's either the money is too huge for what I want to invest or it could require more than expected

  • @devkumar3340
    @devkumar3340 Před 2 lety +1

    Good material and emotional inventory check list. Thanks.

  • @LifeOfFahimFaysal
    @LifeOfFahimFaysal Před 2 lety +2

    Extremely valuable information! Can't thank you enough for creating and sharing this video. :)

  • @hopeinparis
    @hopeinparis Před 2 lety +17

    There's a ton of important ideas in this video and I suggest, even to native Engish speakers, to use the settings to slow the speed to 75% : this will greatly increase your ability to truly assimilate the information. Thank you for a good post, Ali.

    • @NataliaNNS
      @NataliaNNS Před rokem

      When the video started, I checked my settings to see if I’d accidentally chosen 1,5 or 1!75 speed 😅

  • @svenoliver6040
    @svenoliver6040 Před 3 měsíci +18

    Ali is beyond amazing. “How to secure wealth”

    • @svenoliver6040
      @svenoliver6040 Před 3 měsíci

      Making money is action, keeping money is behavior and Growing money is knowIedge.

    • @svenoliver6040
      @svenoliver6040 Před 3 měsíci

      I am fortunate I made productive decisions that changed my life forever (accumuIated over a MiI) through my finance-mentor. I'm a single parent, bought my house in January and hoping to retire at 53 by next year.

    • @svenoliver6040
      @svenoliver6040 Před 3 měsíci

      sear ch the name, lf you care.

    • @svenoliver6040
      @svenoliver6040 Před 3 měsíci

      *Rebecca Martin Watson*

    • @gabytrumbull7880
      @gabytrumbull7880 Před 3 měsíci

      im amazed to partake on this, lt has rekindled the fire to my goals..

  • @XennaC
    @XennaC Před rokem

    Very very well placed and stated. Thank you 🙏🏻. 💯

  • @createwithasma7321
    @createwithasma7321 Před 2 lety +1

    I honestly appreciate the video.Thank you !!

  • @mo-hammadabunaser1367
    @mo-hammadabunaser1367 Před 2 lety +6

    Generational wealth, that's the goal. Thanks for the video, seems like a great read.

  • @felixomoro9450
    @felixomoro9450 Před 8 měsíci +7

    I loved the part where you said that; Your wealth is counted in the money that you have not yet used.

  • @Sonny0276
    @Sonny0276 Před 2 lety

    Great Video. Thank you for posting.

  • @scottd9294
    @scottd9294 Před 2 lety

    Great vid, loved this book so thanks for the reminders and summary

  • @SuccessWithSam
    @SuccessWithSam Před 2 lety +3

    Ali’s transparency and honesty has really motivated me to live my truest life.. whether he is a doctor or a youtuber.. his insights are priceless 👏🏽 🚀 🌙

  • @isabellaharper3493
    @isabellaharper3493 Před 2 lety +53

    STARTING EARLY IS THR BEST WAY OF GETTING AHEAD TO BUILD WEALTH, AND INVESTING REMAIN A PRIORITY. THE STOCK MARKET HAS PLENTY OF OPPORTUNITY TO EARN A DECENT PAYOUTS, WITH THE RIGHT SKILLS AND A PROPER UNDERSTANDING OF HOW THE MARKET WORKS.

    • @charleslapson4939
      @charleslapson4939 Před 2 lety

      Understanding the various phases is critical because it can assist you in preparing and forecasting future price movements

    • @charleslapson4939
      @charleslapson4939 Před 2 lety

      Cryptocurrency is a very good option if you would like to trade online.

    • @mohammadmurphy3927
      @mohammadmurphy3927 Před 2 lety

      @@charleslapson4939
      Please enlighten me more about trading

    • @mohammadmurphy3927
      @mohammadmurphy3927 Před 2 lety

      I heard there are Expert who knows how to forecast the 📈 very well.

    • @charlottegomez5279
      @charlottegomez5279 Před 2 lety

      Because a lot of investors are confused about how the traders use their money

  • @Jay-cl7cq
    @Jay-cl7cq Před rokem

    Hey that was a great summary !
    I already read this book a while ago but it was nice to refreshing the memory!

  • @makoltour7652
    @makoltour7652 Před 4 měsíci

    This is one the summary I been dying to equip.i really appreciate the helpful information

  • @BlindtoBillionaire
    @BlindtoBillionaire Před 2 lety +140

    Hi! Thanks again for another awesome video! I discovered you a couple months ago and have been loving your content! I feel like you provide a lot of value in your videos and you are pretty funny also! Thanks again, looking forward to the next one! Matt

  • @jessopedia-J
    @jessopedia-J Před 2 lety +5

    "This is enough " my favorite...thanks Ali for this great video 👍

  • @k4piii
    @k4piii Před 2 lety

    Great video! Not all the points are detailed and well research but most of them are very interesting

  • @abdellahalaouimhammedi3084

    One of my favorite books , a must read for everyone interesting by financial freedom

  • @Ahem2002
    @Ahem2002 Před 2 lety +3

    making money (offence) and saving or conserving money (defence) are opposite moves. I think they come together, so you can't be offensive/defensive all the time in financial management, it needs to be both.

  • @khalilahd.
    @khalilahd. Před 2 lety +14

    I just wanted to say your journey in medicine inspired me to make my own CZcams channel documenting my journey so THANK YOU!! You always have incredible life tips and even though your no longer pursuing medicine I know that there are still so many things I can learn from you. I love your content and I’ll continue to me a loyal subscriber ❤️☺️

    • @ismynamemoyo6743
      @ismynamemoyo6743 Před 2 lety +1

      Subscribed
      Good luck 🤞🏿

    • @khalilahd.
      @khalilahd. Před 2 lety

      @@ismynamemoyo6743 thank you so much ❤️

    • @poisson6673
      @poisson6673 Před 2 lety

      Next vid suggestion:
      *How productively study for logical reasoning based competitive exams like JEE ADVanced and stop talking about active recall,spaced repetition which only applies for easy memory based american medical exams for noobs....I mean JEE adv is smthg of another level*
      Wasted my time nd money on that skillshare course of his [how to study for exams]...mybadd...ended up with perfectionism,analysis paralysis,etc and that the methods discussed only apply for memory based exams

  • @NiginaMuzaffarova-gs7tp

    I do enjoy watching your videos! Thank you!

  • @docadjmf
    @docadjmf Před 2 lety

    First time viewer. Great video! Great book synopsis and recommendations!

  • @VoicesofAncientEgypt
    @VoicesofAncientEgypt Před 2 lety +37

    While these points aren’t totally new to me, hearing about them this way makes them great reminders to stay on the path. As my business has changed, it has definitely changed money behavior and ideas, so it’s great to be reminded of these things and recenter myself.

    • @Juduh
      @Juduh Před 2 lety +2

      Repent, trust, and believe in Jesus and be saved. To repent means you confess your sins (the acts and thoughts that are wrong according to God and His Word) and ask for forgiveness with sincerity. Once you do this, strive to no longer do those wrong/sinful things, but do what is right according to God’s Word. It’s not by doing good things that you are saved but by trusting and believing in God and His grace/mercy. John 3:16-17 For God so loved the world that he gave his one and only Son, that whoever believes in him shall not perish but have eternal life. For God did not send his Son into the world to condemn the world, but to save the world through him.

  • @heckyesitsjess84
    @heckyesitsjess84 Před 2 lety +2

    Thank you so much for helping me read this book without reading this book. Great overview.

  • @grafxdesigner93
    @grafxdesigner93 Před 2 lety +2

    Excellent read. Been recommending this book to a lot of folks.

  • @joannereyes1358
    @joannereyes1358 Před 2 lety +1

    That's really an enlightening book and you were able to explain the whole gist of the book in this video. :)

  • @AndrewEthanZeng
    @AndrewEthanZeng Před 2 lety +52

    The fact you did not go down the Dubai tax haven route to instead choose a “simpler” life with friends and family speak volumes about your great character Ali! So much respect ☺️

    • @williamjames2026
      @williamjames2026 Před 2 lety

      Great post.
      I just received my withdrawal from stock and forex trading while viewing this video.

    • @clintonjerry7910
      @clintonjerry7910 Před 2 lety

      Learning a good trading strategy can make anyone consistent profits and withdrawal from the stock markets. I made 6 fig today from the financial markets.
      I use First Trade Markets what about you?

    • @williamjames2026
      @williamjames2026 Před 2 lety

      FTM - First Trade Markets is a very popular broker

  • @ShivanS
    @ShivanS Před 2 lety +5

    "50 Shades of Grey", the most productive ruler/line guide drawer.

  • @lorrainelou4449
    @lorrainelou4449 Před 2 lety +1

    Definitely getting this book! Thank you 🙏🏽

  • @AbacusAxolotyl
    @AbacusAxolotyl Před rokem

    I’ve watched so many of your videos and only recently realised that you always dynamical enter the video in some way and it’s brilliant 😂