Unlock True Wealth with Vicki Robin: Beyond Money and Time!
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- čas přidán 7. 04. 2024
- Vicki Robin, co-author of the groundbreaking book "Your Money or Your Life," shares transformative insights into achieving financial independence (FI). Discover how to redefine your relationship with money, viewing it not just as currency, but as a precious life energy you choose to exchange for your time. Vicki challenges the consumerist narrative, guiding viewers on how to invest in true freedom and sovereignty over their lives. Whether you're deep in the FI journey or just beginning to question the traditional path of spending and working, Vicki's teachings offer a profound shift towards a life of intention, freedom, and fulfillment.
Want to learn more about the FIRE movement and how you can achieve financial independence? Watch the documentary Playing with FIRE today!
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*Links above include affiliate commission or referrals. Sometimes I receive compensation from partnering websites, products and services at no cost to you. Thank you for your support! The video is accurate as of the posting date but may not be accurate in the future. DISCLAIMER: I am not a financial adviser. These videos are for educational and entertainment purposes only. I am sharing what I've learned in an effort to inspire you. Please seek professional help when needed. - Zábava
Saving money is actually buying peace and freedom....buying cars, clothes, boats, ect...is buying a temporary smile....just save/invest your money
Love this! And “temporary smile”, haven’t had that one yet ✌️
But money is being debased all the time, saving you are going backwards. I’m not saying buy stuff and spend it but saving is not the way to go. Something must change with our system of money, it must.
Better to buy BTC
@@zachyates8440 What's BTC?
@@tonywright8342 Well my "safe" money is in CD's and I have some in the stock market too
Good health is really all that matters in the end. So many people end in a nursing home.
Exactly ❤
Need good money for good health 😊
Very true however if you have no money you'll end up in the worst of nursing homes
Gotta have money for that nanny! 😅
@@marika7782 No, there are government programs lol
These are very valuable rules for anybody who wants to get rich. Unfortunately, most people who will watch this video will not really be able to apply the principles. We may not want to admit, but as Warren Buffett once said, investing is like any other profession-- it requires a certain level of expertise. No surprise that some people are losing a lot of money in the bear market, while others are making hundreds of thousands in profit. I just don't know how they do it. I have about $289k now to put in the market.
Although stocks are now rather volatile, you should be okay if you perform the proper calculations. There have been stories of people making over $250,000 in a matter of weeks or months, according to Bloomberg and other finance media, so if you know where to look, I believe there are many wealth transfers during this recession.
The best course of action if you lack market knowledge is to ask a consultant or investing coach for guidance or assistance. Speaking with a consultant helped me stay afloat in the market and grow my portfolio to about 65% since January, even though I know it sounds obvious or generic. I believe that’s the most effective way to enter the business at the moment.
@@hasede-lg9hj Could you kindly elaborate on the advisor's background and qualifications?
I won't pretend to know everything, though. Her name is Sharon Ann Meny but I won't say anything more. Most likely, you can find her basic information online; you are welcome to do further study.
@@hasede-lg9hj Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.
I read her book over a decade ago. I was already well on my way to « fire » but I really liked the book. My inner values were similar. I was able to work part time at the age of 51. I fully retired at 58. The objective is to accumulate enough money to live off of the interest and dividends and then some more money available for extras. My life is so much better, very little stress, I do what I like when I want.
Your life will turn upside down 👉 The Connections (2021) [short documentary] 💖
Do what you love as much as possible. If you love being a teacher or a nurse or working at Target for interaction, then do it! Just don’t get sucked into the possession trap. Live debt free and go part time when you can. I see a lot of retired people trying to fill up their time almost like a job. I think a healthy relationship with money is what is key in the world of form which is part of our amazing existence. Buy the nice car if you really want it or the beautiful plants or clothes, but don’t put yourself in a position where you are always trying to catch up financially. Spend for a nice dinner or trip or treat yourself to some indulgence and believe you deserve all the world can provide. Find nuturing hobbies and do things for other people if and when you want, but don’t feel any obligation to “save the world”. It’s not possible. The best way to help the world is to follow your bliss and stay aligned to your own personal North Star. Of course have interesting experiences and also live a simple life of watching nature, accepting impermanence . Try to exercise as naturally as possible through gardening or exploring the world. Mainly be grateful and present because life is a miracle.
I work as an RN in Michigan, I have known nurses that have ended their lives because of the unrelenting stress, anxiety and depression that consumes your soul in this hellscape of an occupation. The cost of the job should never equate to the end of your life. The working environment in specific occupations is beyond toxic and moreover, is the direct result of unending greed of business owners.
Can say the same for school teachers. Within the past 20 yrs and most recently its-become a horrible profession. No 1 being…school violence, after that ….work load , student behavior, low pay, non support, etc
I'm 51 and I've saved money and I also slurged and spent very freely. I have a healthy relationship with money. Sure I love money, but I love God above all worldly possessions.
Best answer!❤
The Bible says you can't love money and God, you have to choose one or the other.
I'm just curious and wanted to learn more, what does the phrase "loving God" really mean anyway (what else you are you really doing for that besides going to church and pray everyday)? Isn't that idea would be the same concept as what being taught to us everyday in our society of material possessions?
Vicki and Joe’s book “Your money or your life” is better than the Rich dad poor dad books. IMO.
Adamantly agree!
Yes, that author R.Kiyosaki is playing his audience.
Different objectives IMO, but both were great for their purpose. RDPD opened millions of eyes to a completely different way to 'work', invest and recognize opportunities daily.
Everyone should read the book “Your Money or Your Life”.”
I read it years ago and it made me target financial independence, the best idea ever. Very few people thought like this at the time and I had to deal with ridicule for not living up to the last dollar of my paycheck. Much later I learned that you could put on a show of appearing wealthy without spending-that’s another great skill to have. If you don’t (at least appear to) spend money you earn the ire of those around you who do and your boss may become lukewarm on giving appropriate raises…
Thank you, Will do
Your life will turn upside down 👉 The Connections (2021) [short documentary] 💖
Thankfully this dawned on me when I was 16 and every decision I made thereafter was to reap myself time, not money.
Adopting the ideas in this book enabled us to quit our jobs at 50. We had to adapt to a UK scenario as some of the financial advice was about US based vehicles but following the principles we questioned everything, managed to accrue considerable savings and live a less media-driven and less consumerist lifestyle. I can highly recommend this book. Don't just read it: live it.
Congrats on the well deserved early retirement!
Vicki's wisdom is such a gift, especially to those in the FIRE movement. Learn to live below your means and invest the rest is the road to riches. See you all there one day:).
I read "Your money or your life" in 1994: what a life changer it was for me: thank you a thousand times!❤
When you think about it tax isn’t just theft, it’s slavery! We’re forced to give over our labour. If you pay 20% tax and work 10 hours a day you’ve been a slave for 2 hours! Madness we put up with it.
AGREED
Or solidary with sick and old ones...
And when you learn they don't even need your money then you start to truly understand how deep in this sh1t we really are.
Taxes are for pubic services and specially for macro economic management, the greatest theft comes from us not getting a fair share of the revenue is our work and that's on your boss and the companies owners
I have been so much happier traveling and experiencing adventures compared to any "thing" I have ever bought. I wish I knew this 20 years ago, I have so much CRAP in my house... Also, if I didn't waste so much money on CRAP, I could have put more into my retirement and investments and I would be so much better off financially.
Never too early to start!
Her honesty is brutal, honest and true all in the same breath 👍
I get the gist of the idea, however I disagree with the notion that work==money. Work also motivates change and provides inspiration. These things power your life force. Find something you love to do and then find a way to make money doing it. Then you'll never work a day in your life.
Yes. In a perfect world. Most people don't like their jobs or waking up a 5-6 in the morning or working that night shift but they have to do it.
Not everyone can have a job they love. Then work equals money.
I'm convinced those who "love their jobs" have nothing else going for them
That's why it's so important to make money in ways that aren't an exchange of time, your time in finite but selling products (for example) can be scaled
Any other examples that ont involve more material objects we don't need?
@@anna-liesehovell8430 Only other thing I know of is investment, dividend paying stocks, index funds, BTC.
The crucial thing is to use a compound interest calculator, input say 10% annual yield (the average stock market return), and your monthly investments, play around with it and see that 20 years or so is pretty reasonable to become financially independent, in my opinion
I read that book in 1991 at the encouragement of my supervisor at the time. Great recommendation to a 30 something.
‘Smart’ shmart! Rich get richer, poor get tents on the outskirts of town. It’s a tale as old as time.
Her book changed my life and relationship with money ❤
Thank you ❤🙏❤️
Financially it's not how much you make but how much you spend that is important.
Love Love Love this Video
Beautiful 😍 I love your honesty! ❤😊 God Bless
Her book changed my life, and I'm forever grateful. freedom > junk
I remember reading Your Money or Your Life years (and years) ago. A passage stuck with me that a guy just got a job driving a propane truck (or similar) and just stepped off the treadmill. That was so removed from my situation. My (now ex) husband was a climbing corporate controller.
In the end I removed the corporate corporate controller and all the trappings. The money didn't lead to happiness, it lead almost to a dissatisfaction wondering if there wasn't more. I'm now sorta retired at 59 living a decent quiet life.
I think I even owned Transforming your Relationship with Money on cassettes? I highly recommend listening to Joe's voice. :) Timeless.
Thank you for this, your content is one of the reasons for us to keep going on CZcams.
Thanks Vicki
Great Explanation!
I wished I had read this book in high school!! Didn't know about it then.
Same here
We couldn’t agree more with this!!! 😊
🙂
Awesome , thank you ...
Money equals my life
new formula... FI=passive income = needs met... plus extra money for travel and fun = RE 😎
This is why the only time Jesus was violent was when he was whipping the money changers. They were literally stealing people's life energy (stored in money) the same way money changers do it today. Jesus came to give life and to give it more abundantly, not take it away.
Jesus was the ultimate minimalist! ❤❤❤
Not really.....He was angry at them because the Temple was a house of prayer, a place for sacrifice, and a place for time with God. The money changers, along with their greed, turned that purpose of the Temple into a capitalist venture. They corrupted it's entire purpose.
very well said......i love it....
☺️
Money is a complicated subject, not just dollars and cents. If i loan you money , its done on trust, if you repay that money, it gives me my returned money but you have earned more of my Trust! Apart from the reward within yourself of pride, our friendship. If i give you money to you? It is saying that I care for you providing you spend it wisely. Your success is my reward! The opposites are true also! Something to consider.?😊
Savings is the only way, the people that say Savings is stupid because its debased mostly never have money or are poor, ive been saving since i was a kid, i work, and have security. Take time off work, etc...if you save for 1-2 yrs, living below your means, you'll be set, even if you have a mortgage or car debt, its better to live day by day with 50k in Savings then broke, pay checks to pay check
Absolutely TRUE!!👍🏻👍🏻👍🏻
Wisest words.
Golden words
It is very short-sighted to think of wealth as a set sum of money or the means of accumulating or consuming various goods and services. Wealth, as it turns out, is best defined as the confluence of means and opportunity. If you have enough money to do what you want, when you want to do it, in perpetuity, then you are exceedingly wealthy. Any other measure of wealth misses the real value of money.
Very articulate woman. Like the way she translated time vs money.
I’m an economist, I agree 100% with this lady.
But the flip side is, if we all lived that way ... we would have an economy and standard of living more akin to the pre industrial era.
People wou’nt take a step back in living standards.
Consumerism and the dark side of human nature ..... “my dogs 🐶 better than your dog” mentality is what drives the economy.
So, you have to decide, your red pill / blue pill moment.
‘Do you want peace or the rat race’.
This is why I refuse to que or wait unless absolutely unavoidable.
Buy your health then your wealth.
🙌
Bank of Life is another good book to reflect on
Insightful reflection on the true cost of money as an exchange for our life's time! To truly harness financial independence, it's important to also consider the quality of the assets you're investing in-those that generate reliable, passive income can significantly accelerate the journey from wage earning to capital ownership. 🌟
But God is for first ❤because he's the provider 💕
The only way to unlock true wealth is to understand the laws of the kingdom of God. Everything in this reality is his even our bodies. We own nothing. We are giving things to manage and those who manage correctly will reap an abundant harvest.
Looking to be mortgage free (and reduce my day job) later this year by moving away and downsizing-my time freedom is more important so that can spend more time with my daughter
In the modem monetary system:
The more "passive" income you receive, the more you are "taking" from others who have to work for it.
When "Shareholder" income increases, someone else weath, health & security decreases.
....but it doesn't have to be this way.
My aunt passed and I inherited some of her portfolio and cash savings, I’m 28 with about 400k cash in savings and as usual everybody’s preaching invest, so what stocks are a good long term buy, only major purchase I intend to make is buying a home in 5years from my returns
Lucky you, I’d buy a lot of tech stocks and Dividend portfolios with that.
Don’t come to CZcams looking for CZcams advise, instead contact a fiduciary for proper guidance.
Same, I just use CZcams for research purposes, I run all my major investment through an investment adviser, the market is just too unstable to handle things on your own.
How do I reach out to a financial advisor, my portfolio has been struggling since 2022 and I’ve been holding on by the skin of my teeth.
‘Amber Dawn Brummit’ is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
I can live with plenty money, and live with freedom and peace ,rather than fancy car, expensive cloths, jewellery etc
Successful people don't become that way overnight. most people see at a glance-wealth, a great career, purpose-is the result of hard work and hustle over time. I pray that anyone who reads this will be successful in life 🙏🙏🙏
People should remember: poverty is not an accident, a coincidence or an inevitability. It is something which is manufactured by the step or action we takes
you've remind me of what someone once said "The mind is the man, the poor is in it and the rich is it too". This sentence is the secret of most successful investors. I once attended similar and ever since then been waxing strong financially, and i most tell you the truth..investment is the key that can secure your family future.
I urge everyone to start somewhere now no matter how small, this is literally the time for that, forget material things, don't get tempted,i became more better the moment i realized this
yeah investment is the key to sustaining your financial longevity but venturing into any legitimate Investment without a proper guidance of an expert can lead to a great loss too
exactly! That's my major concern and what kind of profitable business or investment can someone do with the current rise in economic downturn
Beloved, I wish above All things that thou mayest prosper and be in good health even as thy soul prospereth. The Lord has lifted up my life after reading this verse, I’m earning $50,000 as my weekly profit. I’m grateful ❤️❤️❤️
I'm 37 and have been looking for ways to be successful, please how??
Every one of my prayer requests is about to manifest in the Name of Jesus I receive and connect with this message in Jesus' mighty Name Amen🔥🙏
After enduring many struggles, I am now filled with gratitude for owning a new home. My family is happy, and everything is finally falling into place.
I have been searching for ways to achieve success. Can you please guide me on how to do so?
Sure, the investment-advisor that guides me is..
Don’t go into debt, don’t buy new cars every 5 years, don’t smoke or drink, don’t get married, don’t have kids, don’t eat out, invest what you have after you pay your bills and buy groceries and spend the rest responsibly.
where to invest...
Money is good for me. I live in abundance, so it's not a problem for me to waste money. Money is my servant 😉
" we thought of life by analogy, that there was something to gain, success or maybe heaven after your dead. But, we missed the point all the way down the line. We were supposed to dance and sing as the music was being played"
Allan Watts
Your relationship and how you think about money can tell a lot about you and your success. It's not that easy though to change that thought process. Vicki and FI can help!
Not on a high salary but always worked. Savings into my pension every week also through my employment.
I agree with this to a certain degree but having wealth buys you time because you have the freedom to take time off from work and gain experiences if you first build the wealth or have the money to do that. Lots of time but no money to do much with the time isn't as appealing to most people as having time and money.
good advice, but only a few elitist, capitalist are totally free, look at the devalued money, now. I am retired, I drive a 17 yr old highlander and dont have alot of money, but I invest in my health, buy non gmo food, organic and cook 99 % at home. You are right your money is earned through your time, that once gone, is gone.
Saving is imposible if money is being constantly debased.
Try to invest in income producing assets.
@@solb101 then you are not saving, you are buying investments
@@alexandervp6180 then spend all your cash on something else before it loses value. Then you won’t be scared of losing it.
No one got rich by saving...put your money to work.
@@publiclanddeerhunter True, but the point is not about being rich. It's about being free.
how to get out of a car credit pcp agreement?
Oh I’m really thinking about what she said life abroad isn’t easy
Baixo astral.
I read her book and it changed my life. Less stress, more time, I’m the Captain of my life and do what I want when I want. Just got back from Thailand and now headed to Costa Rica soon for some more fun. My life and everything I do is my decision now. I come and go as I want and I buy one ways. I showed up at the airport counter once and they asked me, sir you need a return ticket. I told them no I don’t. When I am ready to leave this or that country I will. She looked at me and said wow you are so lucky.
The hardest part once you have “made” it is that for the first time you really are the one making every single decision in your life. You still have to manage your income making assets so you still have a kind of part time job like 5 hours or less a week at most but you constantly check money, check assets. Check appreciation etc and make sure you can stay on this journey. Sometimes I think about a job, how they look fun when you don’t have one, then I wake up and book my next exciting trip.
❤
Smart ladie
Something like; people should learn to invest in heavenly wealth / riches not earthly ones which thieves can steal or which we will leave behind when we die. People should instead be feeding the poor, taking care of the windowed, the ones in pestilences and you should not seek the reward from anyone on Earth because blessed are the ones that will be rewarded with everlasting life by our heavenly father.
I hear you…but with recent inflation FI is nearly impossible for the average worker.
The whole point of wealth for me is freedom. My magic number in my mind is 5 million needed at 65 to not worry about anything. Am i better off investing a good portion of my income into stocks or saving my earnings to achieve this goal?
Varied sources of income is wise and especially living within your means. My net worth is $2M and I can pay my bills with no stress, but I don't live like I have that. I have no complaints.
Money advice is subjective, what works for you may not work for someone else, but it's always better to plan. I'm quite lucky exposed to personal finance at an early age, started job 19, bought first home 28, got laid-off work 36 amid covid-outbreak, and at once I consulted an advisor to handle growing my finance. As of today, I'm only 25% short of my $1m goal after subsequent investments.
@@emmaarmandobravo! i'm 46, inherited money from a childless relative and traveled overseas, got married to a lady almost my age, but the only issue is how to preserve and grow my wealth in view of retirement, can your advisor be of help please?
Yes indeed.... *Gertrude Margaret Quinto* has always been on the top of my list..She is regarded as a genius in her area and well knowledgeable about financial markets. I highly recommend you look her up if you want excellent collaboration.
She appears to be well-educated and well-read. I ran a Google search for her name and came across her website; thank you for sharing.
I disagree. Money is very important in your life. They can bless you with so much financial, freedom and blessing others to be created by God. I have amazing loving relationship with money❤ I love money. I'm being wise with it and respect it
🎉❤❤❤
In our old State $$$ was the true God.
People had epoxy floors put into their garage.
They had their garbage totes steam cleaned.
One family had this for two people: a camper van, two dirt bikes, two four wheelers, two pickup trucks, a restored car a toy hauler and an SUV.
Do you own the stuff or does it own you?
Your life will turn upside down 👉 The Connections (2021) [short documentary] 💖
So... Bitcoin and hodl?
I look around here and I see a lot of people upside down in homes and vehicles.
Maybe things won’t come crashing down but when it does, it’s going to be bad. People are not mentally equipped to do without. Many won’t make it.
In other words you Don't have to Work! 🙂
Money is a tool used for trade...
When God created Adam he gave him time, not money
...and a whole garden/orchard so that he didn't have to work to eat. But, he blew it by wanting one more thing and then had the nerve to blame it his woman. 😢😢😢
I actually thought you were going to say something that makes sense
All the vids from this channel are just small snacks of knowledge. I wish they did something more Substantial
Kids?
he who needs the least is the richest
This woman’s ideology is absolutely correct, but the elephant in the room is that nobody makes enough money to save or invest anything. 60% of the American public is living paycheck to paycheck and that is not because they are irresponsible. It is because we have a wealthy class of people and politicians who want to keep it that way.
Are you Mel Robbins sister ?
Beginning 2024, I think we'll start to see more market diversification. I'm hoping to invest about $300,000 from a recent home sale into the financial markets, but I'm still not sure how rates will effect the market just yet, which worries me a lot. Like how long will the bull rally last before the reset?.
You see in the stock market, bigger risk begets bigger results that can work in the bulls' favor. I think investors who are wary of the changing market trends should seek out bear/bull mrkt directions from certified strategists.
You're right mate! I’ve been using a fin-market expert for two years now and I own a 7figure diversified portfolio from investing in stocks. Currently, my portfolio is worth over $1m.
How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?
AILEEN GERTRUDE TIPPY’’ is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
Thank you for this amazing tip. I just looked the name up, wrote her explaining my financial market goals and scheduled a call.
Can everyone get out of wage-slavery? Or the system would probably just fall apart if so.
That's why I love the bitcoin concept of 'long (low) time preference'.
You can’t buy freedom lol it is earned through knowing thy self and surrendering to existence through meditation, true freedom one must work for
Gibberish
I don’t really see how she said anything not obvious. We all played monopoly when younger no? Of course we would all like to own assets and not have to work. The reason everyone doesn’t do that is because the assets take wage slavery unless you’re given them.
Its very easy to say build wealth, all these slogans are great about buy time and not stuff..but for alot of people they are buying everyday items they NEED. Along with basic bills. So what do people actually do in order to build wealth!!? what do we invest or save into. There is never any structure to what these so called experts have to say. Invest in business!! How??? with what using what tools...explain how im buying freedom ? If i have a spare £300 a month do i put it into a fund that takes 30years to grow by the time i have the money im too old to give a toss.
stop complaining start investing
The original lecture series that Joe Dominquez gave in the ‘80s are on CZcams czcams.com/video/BYn-JaChPC8/video.htmlsi=XIJL3Jh0C5A_ZamC 2:38
حلم 💭 ،،،،،،،،،،،،،،،،،حلم حلم 💭 حلم 💭
Capitalism definitely lights her up and makes her smile
Bitcoin is on its way to breaking records, getting closer to hitting new high prices, showing that it's gaining more value and could go even higher than we've seen before. This could mean great things for people looking to invest, suggesting now might be a good time to get involved before it jumps even higher. It's an exciting moment that could change the game in general...managed to grow a nest egg of around 2.1Blitcoin to a decent 11.4Biitcoin. At the heart of this evolution is Samantha Jack , whose deep understanding of both cryptocurrency and traditional trading has been instrumental. Her holistic approach to investment and commitment to staying abreast of market trends make her an invaluable ally in navigating this new era in cryptocurrency investment
the quality of your videos just keeps getting better and better