THE PSYCHOLOGY OF MONEY (BY MORGAN HOUSEL)
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- čas přidán 14. 06. 2024
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Have you heard the story about Ronald Read, the janitor that had 8 million dollars in savings when he died in 2014? Yes, you heard that right. Janitor. $8 millions. And he didn´t win the lottery or inherit the money either. He just saved consistently throughout his life, while letting the wonders of compounding do its thing. The morale is that your behaviour with money is oftentimes more important than how intelligent you are. Even if you don´t have a diploma from Harvard, or work on Wall Street, you can become rich by just behaving in a sound way. As Morgan Housel puts it: “financial success is not a hard science. It’s a soft skill, where how you behave is more important than what you know.” Spend your next ten or fifteen minutes on this video, and you might excel on the soft skill of investing! This is a top 5 takeaways summary of The Psychology of Money, by Morgan Housel.
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Also, for my private stock portfolio & revealing insights into my investment strategy, head over to: / theswedishinvestor
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Want to know more about human psychology and its relation to money? Check out my top 10 (!) takeaways from Thinking Fast and Slow by Daniel Kahneman here: • THINKING FAST AND SLOW...
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Top 5 takeaway of The Psychology of Money by Morgan Housel:
00:00 Intro
01:14 1. Pay the Price
04:18 2. Never Enough
07:50 3. Crazy is in the Eye of the Beholder
10:32 4. Peek-A-Boo
12:30 5. The Seduction of Pessimism
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My goal with this channel is to help you make more money and improve your personal finances. How to become a millionaire? There are many ways to get there - investing in the stock market, becoming a stock trader, doing real estate investing, or why not becoming an entrepreneur? But whether you are interested in how to invest in stocks or investing strategies for creating passive income with rental properties - I hope to be able to provide you with a solution (or at least an idea) here. Warren Buffett - the greatest investor of our time - says that you should fill your mind with competing ideas and then see what makes sense to you. This channel is about filling your mind with those ideas. And in the process - upgrading your money-making toolbox.
Want to know more about human psychology and its relation to money? Check out my top 10 (!) takeaways from Thinking Fast and Slow by Daniel Kahneman here: czcams.com/video/cuj2Kq8rvGw/video.html
Also, for my private stock portfolio & revealing insights into my investment strategy, head over to: www.patreon.com/TheSwedishInvestor
This was gold, as always! Thanks and keep up the good work!
Please make a video on Investing Between the Lines: How to Make Smarter Decisions by Decoding CEO Communications'
By L J Rittenhouse
Please make a full video on Fundamental Candle sticks analysis.
Thanks 🙏🙏
trading without top skills is risky contact an expert directly for assistance
Available on whatsapp
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The fact that nobody talks about the book Matrix Golden Cashflow Tactics, speaks volumes why people dont earn a lot of money..
AI-Generated fake comment. Will report this comment.
“To grasp why people bury themselves in debt you don’t need to study interest rates; you need to study the history of greed, insecurity, and optimism.” Morgan Housel
Insecurity, needing to feel validated, keeping up with the Jones and wanting to treat yourself to things you feel you deserve.
Marketing, public relations and advertising are the main reason.
In todays day and age you can accumulate debt without being greedy all needs to happen is some kind of accident or health issue to slide down the debt hole.
In fact the majority of folks holding large debt not because of greed but because they have not received basic financial education and can’t even get their basic financial needs met.
It’s also driven by sexual selection pressures
Morgan is right. We need to study the history of greed, insecurity and optimism. But of the ones creating the interests
My Key takeaways:
1. Your attitude towards money matters more than how smart you are.
2. Understand that the stock market can be unpredictable, but accepting and managing its ups and downs is necessary for potential wealth.
3. Remember that there will always be people with more money, so avoid risking what you have and need for unnecessary wants.
4. Recognize that everyone is different, and it's better to develop your own investment approach instead of blindly imitating others.
5. Prepare yourself mentally and financially to handle unexpected financial setbacks or emergencies.
6. Be cautious when seeking investment advice, as negative outlooks may seem more practical, but optimism can also be valuable in making informed decisions.
Thank you!!
thanks for summarizing
Thank you very very much, I understand it better now
Thank you.
So many people are just caught up in their own foolish impulses.
Im 22yrs old, I didn't go to university and I am actually working in an insurance company as a customer service advisor. It's been 4 years now & I still got the half of my first revenue in my savings account. While my fellow friends were spending money on alcohol, partying, having 'fun' and buying fast food everyday... I was saving my money for no reason at all. I remember one day, we didn't get paid on time everybody was stressed out and angry. I was calm and relaxed because that was not a problem for me. I don't brag and its not superiority like one may thought, it's simply discipline. May not be extraordinary but I got myself a Vespa, I buy groceries monthly & I can go on weekends at hotels with my gf often and I still save as much as i can.
Discipline is key.
keep up the great work, you are definitely not alone brother
Saving to invest in low cost index funds which invest in global equities is the key to compounding wealth.
You're unstoppable
“Most people fail to realize that in life, it’s not how much money you make. It’s how much money you keep.” - Robert Kiyosaki
haha ya... instead of asking the question: what is your income? It should be, What is your in-save?
Most people fail to realise that in life its not how much money you make. It's how much.
bad advice imo... you don't get rich by saving money
How do you invest if you don’t save for investments?
Robert kiyosaki is unbelievably stupid guy and i highly doubt he can comment something so sensible like this
The best advice I got from a few wealthy friends.
1) Research the company before you invest. If you believe in the company, it will make it easier to hold during bear markets.
2) The fool sells when the market is red. The wise man sees a discount and buys more.
Soo truuue! Same for crypto market
@@myexperience1259 there is not any base supporting any crypto's price. It is pure speculation.
yeah? tell that to the bag holders when enron nose dived. idiot saying
@@Weccker For now. Check into some third gen coins like ADA, ATOM, and ONT. the value isn’t the coin, it’s the network (blockchain)
@@halburd1 and that leads to rule number 3: diversification to mitigate losses
This video is worth a million bucks. And coming from public school, I remember friends with parents that were really poor and bought a lot of lottery tickets...
Similar memories and I recall the acerbic envy. To the point that I physically cringe when I hear someone say 'Must be nice...' in that condescending tone. Heard that too much as a kid.
But, interestingly enough, never on the farm. My family were mostly farmers and when I left the 'city' (town) to stay with family on the farm they never talked like that and no one around did, people didn't talk about money at all actually. Only property and trades.
At least there’s a chance my parents just brought things.
Lottery tickets are always a sign on the poor. Same as slot machines in gas stations. And wearing Jordan’s. Long fingernails. 26” rims on car(s), list goes on & on.
@@HostileGingerATL I'm pretty sure a lot of rich woman has long fingernails but anyway.
😊lp
You can’t just wish to be a millionaire; you have to figure out how to earn it.” - Dolly Parton
Thanks for commenting! If you're looking for more content on this subject, I have a lot of videos on my channel that you might find helpful. Feel free to check it out and subscribe!
1. Pay the price 2:08
2. Never enough
3. Crazy is in the eye of the beholder
4. Peek a boo 10:35
5. Seduction of pessimism 12:35
This gave just about no context to the time stamps,
Thanks a lot lmfao
I love how these books always talk about the basic stuff. And I mean the really basic stuff. No framework, or how to start your portfolio, which best practices are exactly helpful, or structured cash flow possibilities are mostly used. No understanding about taxes, financial loopholes, etc.
Because the book is just a consumer good, that is one way to make money off the people who buy it!! The self-help book market, as well as the "get rich" market, is worth billions of dollars a year.
This is simple man, the system and the rich need to make the poor belive that they can be rich like them.And a lot of people belive that only hard can make them rich. In reality most of rich are born rich, it very to move form being poor to becoming rich. In the past, like the 60s, this process of going up in the society was more easy because they were more opportunities, but today, it’s not the case anymore.
You are wiser beyond tour years. You research, illustrations and examples are priceless. Thank you for sharing your wisdom and time and I love your channel.
I'd rather impress and impact people by creating value for their lives which is the only true and honest path to wealth and abundance.
@@mannykhoshbin8297 scaaaaaaam
Majority of billionaires that were self made fixed or are helping to fix world wide problems
@@busybeewashnclean4514 Pick any five still alive ,then really look into who they are.And how they "started " the end !
Well said
Well by investing in the right company, you are helping the company staying alive, therefore, helping people indirectly.
Its like saying I would rather be a doctor to save lives... but you can be a researcher to come up with new drugs which can save millions of people or even civil engineer to make sure that the building doesn’t collapse and kills.
The issue with envy is really a barrier to financial success, because it makes you impatient and want wealth now. At least this is my experience with stock investing. Money will come, simply be patient, consistent, and careful. A penny saved is a panny earned.
Once I changed my feelings about money - money is love and valuable - my life changed: now money is coming to me from different sources every day 🤩
How did you make the step towards the change?
How did you make the step towards the change?
How did you make the step towards the change?
@@jw6058 my feeling about money is based on my beliefs, isn’t it? I started to be more conscious about my beliefs about money. The first step to changing any limiting belief is questioning that belief. For example, you may have a belief that rich people are not great or spiritual people! If you have this belief ask:
Where does this belief come from?
Is this my own belief or did someone else (or society) put it in my mind?
Is this really true?
Is there any false evidence about that (some other examples disapproving of this belief)?
With questioning your belief you slowly adopt a new belief.
I believe now money is holy. Money is valuable and with that, I can do many great things in the world like helping others.
Money is love..? Tf you talm bout, homeboi??
I remember someone once told me they'd rather make 40K per year working two hours a day rather making 600K per year working 10.
I would rather make 600k a year and make enough money to retire faster so I don't have to deal with working at all for the rest of my life. But if you only make 40k you gonna work for 40 years even though only 2 hours per day, but still worse because its sloooow
@@sten260 what is life? When you retire? Or now?
@@jpmuga both, but I would rather spend my 8 hours a day on something more enjoyable than working for somebody else company (if I had enough money)
bullshit. :D
I would prefer to make 600k a year working 10h Please sign me up lol
It all depends on your values. Life is made up of time so you have to decide what is important. If 40k for 2 hours a day means more time to enjoy life in the present, then 40k is enough. If 600k for 10 hours means you get rich quicker but give more of your soul to acquire it, then that is enough. But you have to decide. Personally, I'd mix and match the two - work a couple 2 hour shifts here and a couple 10 hour shifts there, with a nice cashflow of income, you can invest the difference and work when you want - If you have the skills that the market requires of course.
I just read the book in one afternoon session. Incredibly insightful and well written. This video sums it up nicely, yet I recommend to everyone to still pick up this book and read it, it's definitely worth the time (and money)
I agree with you completely
How can you read that fast?
@@pokerpokerfanreading is like anything. It takes practice and the more you do it the better and faster. I encourage you to read extensively as it stimulates the mind and teaches patience as well. Very useful skill that is highly underrated.
Great one for anyone to listen to and read during these times 👍
"There's always a bigger fish."
Mansa Musa: I don't have such weaknesses.
These are some great fundamentals that every investor should have. It's good housekeeping. Thanks for making this video, you're educating a lot of new retail investors entering the market.
I personally like watching these videos, because it's not "selling" anyting or "analyising" anything - it's just core principals.
I appreciate your comment! If you're looking for more content on this topic, I have a lot of videos on my channel that you might find helpful. Be sure to subscribe to stay up to date!
Yes I started to read this book this week. So far so good. I may have to read it another time to let it sink in.
This video was communicated in a clear, and concise manner. The examples were logical, simple to understand and easy to follow. I'd like to see more videos from this channel.🤓📽️📱💻
Financial success is not a hard science. It’s a soft skill, where how you behave is more important than what you know.
bvllsxit bro, there is a lot of people who have bad behaviour but they earn regularly so much money that they can afford to behave bad :) Your behaviour could be the greatest ever but when your income is sadly small you would not achieve any financial success.
Yes, there should be support groups for all those compulsive gamblers on wall street. Might lower their suicide rate if they can discover the true treasures that life has to offer, instead of thinking that money is all that matters, rather than being just a tool.
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How you behave is largely influenced by what you know though.
Gonna start saving all my money in the bank now *crosses fingers for 8 million* 😁
This is a video that every investor should watch. It's a terrific lesson in life, not simply investing advice.
never posted a comment after watching a vedio - this guy has done a great job highlighting that essential of money lies in attitude rather than financial courses/ education
Thanks for the introduction and summary. I read the book and it completely changed the way I think about investing and money.
I'm a new subscriber and though I'm yet to watch the rest of your videos this was both insightful and education as well as very constructed. Look forward to seeing more of such content.
These book summaries are great, much appreciated.
Really good content everyone should see/read. I wish they teach these kind of things in school!
I read this book last night non stop. My mind is blown. Worth the dosing off at my cubicle at work. 😂
Great video.
Those principles we all know but must remind ourselves often.
THANK GOODNESS FOR VIDEOS LIKE THIS! A great mindset for learning: REMEMBER The brain learns by repetition.....so learning something new means the brain doesn't know. And therefore learning something you don't know is just 'UNFAMILIAR". The repetition will make the brain comfortable. But 1st its good took to rewire how the brain sees learning something new.
So SAY THIS TO YOURSELF: "This is hard to do or Learning something new is hard"
Then hum ABC song this accomplishing to things its a distraction and whimsical gives a feel good vibe.
Repeat 3x's(this literally will start to detach the "hard concept" cause you keep interrupting the pattern
More advanced results: think of something you failed to do and so didn't try anymore doing....say to self "such and such was hard and I can't do it, it made me feel (fill in the blank). Then hum ABC song (3x's)
If you do this now it will motivate you because the brain will stop automatically giving that message that things you don't know are hard to do.
This really explains why some people like celebrities, people in government etc never give to charity or seem to be grounded.
Very interesting, sounds like a good book.
This is really an inspiring story of Ronald Read! Saving is the act of setting aside money you would rather not spend now for possible use in the future. Investing is the other kinds of investment tools with an outlook that their value will grow your money. Ronald just had the right balance between savings and investing, that's why he had such a huge amount even if his work is not one of the high paying jobs in the world. Nothing's impossible really.
Ronald took money, gifts, and food from people that couldn't afford to do so but they believed the janitor had even less then him so out of good will they gave to him. If he would have rewarded those giving people by leaving them his money after his death I could respect and appreciate it. You may believe Ronald had the right balance between savings and investing but not between wealth and living life. What good is dying with $8 million when living just one step up from being homeless and taking advantage of other people's generosity who have so much less.
@@25Soupy
Ronald bought himself a 2 bedroom dwelling when he was 35 so he presumably had a comfortable rather than flashy lifestyle. When he died at 92 he gave $2m to his grandchildren and $6m to his local hospital so he was a generous philanthropist.
Thanks for sharing your perspective! I cover similar topics on my channel, so feel free to check it out and join the conversation by subscribing!
8:55 I once saw an economist also talk about this topic. And someone from the public responded to that about how economists miss the point. Even Morgan Housel. They aren't buying "Hope!" It really isn't about that. Yes, poor people are often less smart, but buying a lottery ticket is a very cheap way to get a thrill for them. To have fun. That's why they buy that. They might be less educated, but they also know that their chances are very low. But that "What if?" is what makes them excited. Same applies to people who bet on sport's games. I've betted a little my self in the past, and the games that are normally quite boring, are all of a sudden interesting.
This has blown my mind and humbled me!!!!🙏🙏🙏
Great content! Love the examples for being greedy . It's not just investing advice, it's a great life lesson.
Instagram is full of lies and you have to be careful not to do sth stupid to reach their level.
Thank you for your support emre Bozkurt! I agree with you completely!
greed can be a good thing too, makes you work harder
Love from nepal❤i learned alot of things from this channel
We all know lottery tickets are bad, but you showed some very nice empathy explaining it, nice job!
I dont think its bad if you dont go over the top, a couple of pounds a week for the fun, people like having that hope and dream
Superb book. Thanks to this channel and Morgan Housel.
Very insightful and interesting video. Thanks for sharing this gem so we should brave up against volatility if we must be successful with stock investments.
I would argue that this is one of your most valuable videos. Thank you for sharing it with us!
THANKS FOR WATCHING.
Reach out to me directly for your guidance...!!!
..Whats@pp +1. 3 2 1. 2 5 1. 8 3 1 1...
Thanks for this video! I will show this video to my young adult children.
Love your videos!! Thanks a lot and happy new year :)
Thank you so much for your videos and the work you do!
Excellent content. Thank you for making this video
Thank you so much for valuable learning 👍🌹
Thanks to the author of Swedish investor channel. I time and again play his book summary videos to keep me reminded about the golden rules for investing.
I enjoyed this summary video more than I did the actual book---Thanks!
YOU can interact through
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To make more profit in crypto currency and stock market__
This is an insightful piece on money. The monetary system evolves, at the moment digital currencies are taking the space with crypto as the leader. This is enough motivation to accumulate on a truly non-custodial wallet application like the atomic wallet application.
Thanks for subtitles !!!
I listened to the audiobook version. Very insightful
I'm reading this now so I'll favorite and watch it later, but this by far is one of the best books I've read in a while.
YOU can interact through
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+1.. (7.. 7.. 3)..3 ..4. .0. .0. .9.. 9. .0-
To make more profit in crypto currency and stock market__
I feel bad for that janitor. Never got to enjoy any benefit from all that money he squandered his life accumulating. What a waste of a life.
Actually it’s not. Having lots of money sitting around as an insurance towards all black swan event in life, has utility by giving a peace of mind in every day life.
It does not matter whether that person is a janitor or university professor or CEO. That is a waste of one’s precious life. Do smell the roses along the way to work, get to know people around you, shower love on your family and most of all, love yourself. I am always surprised to find a lot of life’s pleasures are free.
@@CalvinK300 100% agreed. Enjoy the money as you build wealth
How the "Heck" do You know that His Life was not "Full & Enjoyable"! This is the Downfall of the Younger Generation. To "Work", is a Commandment from God. It is Fulfilling! Show Me "ONE" Hollywood Movie Star, or Big-Time CEO that is Happy & Fullfilled... If You think that Lifestyle is Everything, I feel sorry for You.
spending millions is not enjoying life, he probably spent plenty of it and had everything he needed. why spend more just to spend it? why not leave that money for your children? so they can keep growing it for generations and help a lot more people in your family than yourself
Thank you.. I am on the right path 💫💕😇🙌
Thanks for sharing!
Love this, especially when you highlighted the biological/evolutionary factors around pessimism. It's so important to create an investment strategy that works for you and that you really believe in after you've done diligent research and analysis. This creates the confidence we need to weather the storms of volatility & pessimism!
I completely agree! If you're interested in diving deeper into this topic, I have a lot of videos on my channel that might interest you. Be sure to subscribe for more!
We celebrate whenever the Swedish lays some wisdom on us
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To make more profit in crypto currency and stock market__
Yes and those pretty Swedish women who lay it down as well.
liten tuva välter ofta stort last. swedish proverb.
People always make fun of the people who buy lottery tickets calling it a "tax on the poor", but fail to realize their psychology behind the decision. I made my own summary for this book on my channel, and I think people will find it useful to watch that after watching your video!
A classic book from an humble author.i have since read the book
Your recaps have helped me learn so much more about investing and money philosphy than I thought I had time to learn.
I really appreciate it and hope I can help out others the same way you helped me.
Read "How to own the world" by Andrew Craig - Could be a good one for your channel.
Great book. Thinking fast and slow
I loved this book too! It's full of valuable insights and actionable advice.
Excellent video Swedish investor! Nassim Taleb is also one of my favorite authors. Interestingly he didn't view COVID19 as a black swan, but a very predictable consequence of an overconnected society.
For more guidance
W=H=A=S=P=P
4. 4. 7. 9. 8. 4. 3 . 7. 8. 1. 6. 9
Covid is a planned event by the freemasons
Amazing knowledge.
For more guidance
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4. 4. 7. 9. 8. 4. 3 . 7. 8. 1. 6. 9
yo bro , please make more videos like this bro. this content help me a lot! just dont stop bro! and thanks for your effort u did a great job
facts bro
Brooooooooooooooooo
Well done! Understanding that Bear Markets have a quicker decline as a rate vs a Bull Market.
10x my investments in the past year alone from putting my savings and salary into the stock market on carefully researched stocks. My general advice is invest in the future, sectors such as Electric Cars, Recycling, Green Energy, Nuclear Energy (newer reactors are smaller and amazing),
Mining - especially Lithium at the moment and tin, A.I. & medical stocks, specifically Gnenomics.
Most importantly, patience and conviction. Never ever let your emotions and fear overcome you during volatile market conditions. Remind yourself why you invested and look 10 years ahead, not 10 seconds. If the stock goes down, it's an opportunity to buy more at a discount price. Finally never do FOMO (fear of missing out). For example Gamestop was a large temptation for all but it is not worth whats it worth. When the stock crashes, alot of people will lose alot of money. A few will make alot of money.
I actually buy the books you recommend. I think you for your service. They are really helping me think
Thanks for the content! Needed to hear this today 👏🏼
Every investor should watch this at least once
If I could think like this 10years ago. My life wouldnt be the same. Thank you for this video!
It's never too late to who you might have been. Start building a financially stable future for yourself by investing as early as now. All the best for your investing journey!
Now I'm going to read the book. Thanks for this video!
Lessons from ‘Psychology of Money’ by Morgan Housel
1.
“Money’s greatest intrinsic value - and this can’t be overstated - is its ability to give you control over your time.”
2.
“Spending money to show people how much money you have is the fastest way to have less money.”
3.
“Use money to gain control over your time, because not having control of your time is such a powerful and universal drag on happiness. The ability to do what u want, when u want, with who u want, for as long as you want to, pays the highest dividend that exists in finance.”
4.
“Controlling your time is the highest dividend money pays.”
5.
“doing something you love on a schedule you can’t control can feel the same as doing something you hate.”
6.
“Independence, to me, doesn’t mean you’ll stop working. It means you only do the work you like with people you like at the times you want for as long as you want.”
7.
“Be nicer & less flashy. No one is impressed with ur possessions as much as u are. U might think u want a fancy car or a nice watch. But what u probably want is respect & admiration. & u’re more likely 2 gain those things through kindness & humility than horsepower & chrome.”
8.
“Saving is the gap between your ego and your income.”
9.
“Using your money to buy time and options has a lifestyle benefit few luxury goods can compete with.”
10.
“To grasp why people bury themselves in debt, you don’t need to study interest rate: you need to sturdy the history of greed , insecurity and optimism.”
11.
“Savings can be created by spending less. You can spend less if you desire less. And you will desire less if you care less about what others think of you.”
12.
“But there’s only one way to stay wealthy: some combination of frugality and paranoia.”
13.
“Doing well with money has a little to do with how smart you are and a lot to do with how you behave”
14.
“The only way to be wealthy is to not spend the money that you do have. It’s not just the only way to accumulate wealth; it’s the very definition of wealth.”
15.
“one of the most powerful ways to increase your savings isn’t to raise your income. It’s to raise your humility.”
16.
“Expecting things to be bad is the best way to be pleasantly surprised when they’re not. Which, ironically, is something to be optimistic about.”
17.
“Happiness, as it’s said, is just results minus expectations.”
I'm watching stuff like this atm cause idk if I'd choose wisedom over 2mil if I had a choice. With wisdom, you can build wealth over time. With money, I can just have enough money to live life without having to think about how to get food on the table. Only thing is, you can't buy wisdom. I think wisdom is more valuable. It will benefit every aspect of life, but slowly. Money is like a quick fix in a narrow field.
Yes you're correct. So many people including myself will choose the 2M instead of wisdom... but by just being aware of what is truly the better decision is the 1st step towards making change....
Tks 4 making this video, I will definitely take these teachings with me for a lifetime 🤑
I feel smarter after watching this.
Had the video speed to 1.5x so I can be ahead of the other viewers 😎
😂
I go 1,75x 🏎️
Are you 1.5x richer now?
To speed up life is not a good idea 😂
@@jamahlmustow8371 🤣🤣🤣
"You have to pay the price of volatility"
For some volatility is the reason why they make money. Really just what type of investor/trader you are. Thanks for th vid.
volatility is always the reason, otherwise the stock market would be flat and nobody would make money. although how much volatility is the question. most people don't mind going 2% or 3% into red but might panic if its 20% or 30%
I really dig your 'x Takaways' series... Although i don't always agree on everythingt it consistently keeps adding books to my shelf. And it hasn't added a single 'bad' book so far.
So true! thanks for this gem.
Diggin it 🙂
one of the hardest concepts for me when I started investing was learning what unrealized gains or losses mean. you only loose or gain money when you cash out or a company goes out of business
actually understanding that I was able to let go of a lot of my apprehension in investing
because of this as well I actually get excited now when I see stock prices going down, it means I can buy stock at a discount and get even more value on a stock I was going to buy for a long term hold any way
Сan you share experience with me? What are you investing into? Cryptocurrency? Energy? Companies? How much are you spending on researching something, before you actually invest? If yes, what do you research? (You don't have to anwser the last, because it can be too complicated question, but I would want to know first ones
Very insightful explanations of human psychology.
Please keep up the good work!
Becarful and vigilant reply on WhatsApp only ;;;;;+;;;;1;;;;;7;;;;6;;;;2;;;;2;;;4;;;;8;;;;2;;;;3;;;;;2;;;;;0???
Great summary, especially point 1. Thanks
Legit book!!! Read it 5 months ago and was very impressed
I already knew alot of what you had covered in this video, I am grateful for you sharing it, this honing my perspective, intelligence, and also view of the Financial Markets.
I have taken notes and will try follow your advice to the best, because indeed I have experienced, greed won't make you rich (brings you further away) You got a new Sub!
This is wonderful! Thank you so much 😁🙏
Eye opening. New ideas 💡
Two thumbs up, it's where I'm from and how I come. Now I know why the United States FED reserve has collaborated with the Wall Street cowgirls against me in the stockmarket daily. It all makes sense now I'm a true descendant of Black Wall Street.
👏👏👏👏 beautiful book 📚, great summary. Keep it up!
The videos this man does are incoparrible to any other activities you can do to teach yourself about investing in terms of value/time.
I'm really glad this channel exists and boosts me into financial freedom.
Thank you man!
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Appreciate for sharing this inspiring video on how strategically achieved financial freedom. There are a lot of inspirational quotes that can incorporate into our daily lives.
After what happened all over the world because of covid19. I learned how to value money more. Save money. If it's not necessary , spend it on more important things like disasters or about our health issues.
Great video. Behavior and self discipline is the key. And to the person reading this comment, I wish you a journey be filled with wise decisions and disciplined choices. May you achieve true financial freedom and master the art of managing money effectively.
This was a good book, I read it in January and I recommend it.
I read it in February and I’m not that convinced.
you found anything else like this?
@@Mark-te8ky there’s the free audiobook for the “Rich Dad, Poor Dad” on CZcams that I was able to finish in about a week. There are a few other finance books on CZcams that I haven’t gotten to yet that might be worth listening to.
Thank you kindly 😌
Giọng Đức Phúc đỉnh quá đi mất. Nó kiểu mộc mạc, ko màu mè và nghe rất chân thành ấy ❤❤❤❤❤ Mong 1 ngày sẽ được ngồi ở trời Đà Lạt và nghe Phúc hát 🎵
I thought this video would make me feel like I didn’t need to read the book but now I feel like I need to read it more than I did before I watched this 😂
Dat book 2 hard! Get da audio if u be at work‼️
CZcams has 2 audio versions, the one read by a human takes a bit longer but is well read, more understandable and enjoyable. Just use CZcams search to find it.
Thanks for your input! If you're interested in learning more about this subject, I have a lot of videos on my channel that you might enjoy. Don't forget to subscribe for more!
Hahaha 😂😂😂😂😂😂
He had 8 millions in savings when he died lol He didn’t take not even one cent with him and after all that work and frugality he left it for someone else to spend. But he felt safe all his life knowing it was in his bank account.Sounds pretty sucky to me
Same sentiment here
Or maybe he was happy? Who are you to judge? Did you know him?
It's better to die with surity in bank, you die rich than without any penny in there and die like a dwarf
@@meetkevin5470 stop being concerned, we ain't needing the quick schemes