These Rules Made Me So Rich I Questioned the Meaning of Money
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- čas přidán 30. 05. 2024
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Back in 2009, we had a major issue that we had to solve in the business.
And when I asked my business partner, Ethan, to meet me in the office, he said he couldn't...
Now, we’d just raised a million dollars from some of the top investors in San Francisco, we're building up the team, and we ran into an issue with our product.
So I asked him "Why can't you meet?"
And he was like, "Hey man, I've got to get some laundry done."
I'm like “Okay I know it's Sunday, but you can do your laundry on any other day.”
He said “Yeah but I got a plan, and if I don't do it…” da da da da.
So I told him “There are literally three different laundromats on your way to work that do wash and fold. They'll do it for like $35.”
He’s like “Yeah, man I'm not really paying myself enough. I'm barely making rent.”
Here's a situation where we just raised a million dollars to build the business…
And he can't come work on the business because he's too busy doing LAUNDRY.
Crazy, isn’t it?
He’d rather trade his time for a few extra bucks than trade a few bucks for extra time.
Most founders start like this.
I did too.
But the wealthy spend money to save time.
Once I've got that time, I invest it in acquiring new skills that allow me to become more valuable.
Then I get to make more money to buy time to invest in more skills.
That is the way it works.
This is just ONE way the rich think differently about money.
And if you want to be truly wealthy…
There’s a whole bunch more you need to know.
That’s why in today’s video, I’m sharing the 14 rules of money that made me so rich I questioned the meaning of money.
Instagram: @danmartell
Twitter: @danmartell
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 $89k now to put in the market.
Understanding personal finances and investing will most likely lead to greater financial independence. By being knowledgeable about money and investing, individuals can make informed decisions about how to save, spend, and invest their money. I know someone who made over $350k in this recession influenced market, but to the best of my knowledge, it was through a financial advisor.
Yeah, financial advisors could make a lot of difference, particularly in a market such as this. Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k just in a matter of weeks/couple months, so I think there are a lot of wealth transfer in this downtime if you know where to look. I have been using an FA since 2019, and I return at least $21k ROI, and this does not include capital gain.
Would you mind telling me how to contact this specific coach using their service? You seem to have the solution, as opposed to the rest of us.
'Carol Vivian Constable, a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.
She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.
I sometimes wonder how successful investors manage to accumulate enormous wealth from their investment endeavours because I am an avid investor. I currently have equity from a recent house sale that exceeds $545K, but I'm not sure what to do with my money next. Is now the right moment to buy stocks, or should I wait for a better opportunity?
The current market conditions may provide opportunities to increase revenues swiftly; however, experience is required to carry out such a plan.
Many people minimise the importance of counsel until their own feelings become overwhelming. A few summers ago, following a protracted divorce, I needed a significant push to keep my firm solvent. I looked for licenced advisors and found someone with the highest qualifications. She has contributed to my reserve increasing from $275k to $850k despite inflation.
That does make a lot of sense; you appear to understand the market better than we do. This coach is who?
Actually its a Lady. Yes my go to person is a ‘LAURELYN GROSS POHLMEIER '. So easy and compassionate Lady. You should take a look at her work.
I found her page by searching for her entire name online. After that, I emailed her and we set up a meeting so we could talk; I'm currently waiting on her response.
Nice content! Few years back I was assistant to a wealthy pen artist and within the short period I worked with him I observed that he had quite a chunk of investment everywhere, stocks, crypto, dividend investing to name a few, so he had revenues coming in from all angles. And in a year his worth doubled. With this I learned that the rich stay rich by investing.
Effective personal finance management is more important than the amount of money saved, regardless of whether income is earned through job or investment. Individuals can seek counsel from a certified financial advisor to optimize financial outcomes, who can provide specialized advice and methods to decrease expenses and maximize income.
I agree, that's the more reason I prefer my day to day investment decisions being guided by an advisor, seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using my advisor for over 2years+ and I've netted over 2.8million.
I appreciate the implementation of ideas and strategies that result to unmeasurable progress. Being heavily liquid, I'd rather not reinvent the wheel, thus the search for a reputable advisor, mind sharing info of this person guiding you please?
Finding financial advisors like Marisa Breton Dollard who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
Marisa has the appearance of being a great authority in her profession. I looked her up online and found her website, which I reviewed and went through to learn more about her credentials, academic background, and employment. She has a fiduciary duty to protect my best interests. I sent her an email outlining my objectives and also booked a session with her; thanks for sharing.
When i hit $1 Million in my ROTH IRA last year it felt good but was kind of anti climatic. We also just keep living our simple lifestyle - none of our neighbors or friends would even guess our financial situation. However, despite market gains, our portfolio has seeing great decline. Seeking to improve it and maximize returns.
Scammers
I was advised to diversify my portfolio among several assets such as stocks and bonds since this can protect my inherited portfolio of about $2.5m. I’m used to just buying and holding assets which doesn’t seem applicable to the current rollercoaster market plus inflation is catching up with my portfolio. I’m really worried about survival after retirement.
True, I mostly just buy and hold stocks, but my portfolio has been mostly in the red for quite awhile now. Unfortunately to be able to make good gains, you’ll need to be consistent and restructure your portfolio frequently.
It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.
My partner’s been considering going the same route, could you share more info please on the advisor that guides you?
Marisa Michelle Litwinsky’’ is her name. She is regarded as a genius in her area and works for Empower Financial Services. She’s quite known in her field, look-her up.
Thanks a lot for this suggestion. I needed this myself, I looked her up, and I have sent her an email. I hope she gets back to me soon.
The future belongs to those who believe in the beauty of their dreams. Success is a state of mind. I think I'm blessed because if not I wouldn't have met someone who is as spectacular as Expert Mrs Lucy Mary Liam.
I'm glad I was introduced to forex trading and got the best teacher and mentor who helped me understand the financial market I'm grateful to Mrs Liam🙏
It's a miracle and I would testify, $110,000 every 4 weeks! I now have a big mansion and can now afford anything and also support God's work and the church.
I have made more than 90K USD God bless Lucy Mary Liam God bless United Kingdom 🇬🇧
Thanks for continuing updates I'd rather trade the stock market as it's more profitable. I make an average of $34,500 per week even though I barely trade myself
I have broken through 45k, 72k and got my eyes on 150k USD! Champagne stays popping, she is too awesome.people prefyto spend money on liabilities rather than investing in assets and be very profitable
1)Spend 20% of your income and save the rest
2)I'm he most important asset
3)Buy time with money to invest in new skills,never trade time to save money
4)Assign priority and don't diversify, be the best in class
5)dumb luck, grit luck, skilled luck
6)Have a record budget,plan for worst case scenario for business and personal life
7)Give to get, invest instead of save
8)borrow to make returns
9)Analyse risk to return ratio
10)Wealth is man capacity to think
11)Avoid lifestyle creep
12)Build a personal p&l,personal life income statement
13)High tide rise all boat, hire competent by investing in people, make your dreams big enough for others to join you on your dreams
14)Money is a tool to get to your goal
15)net worth is network
16)Define your why
Bookmarked! ❤
1 and 7 are bipolar
@@randombandit362not exactly...cause investing refers to the 80% saved, they actually support each other, investing is "the why" for saving. Not many are able to save enough to become rich from just saving.
Putting well-earned money into the stock market can be over emphasized for first-time investors, unlike a bank where interest is sure thing! Well, basically times are uncertain, the market is out of control, and banks are gradually failing. I am working on a ballpark estimate of $5M for retirement, and I have a good 6-figure loaded up for this, could there be any opportunity for a boomer like me? I'm nearly 60.
Keeping money in the bank is like paying banks and the Govemment. Here's how it works: The bank gives out your money as loan, and charge interest obviously higher than inflation rate, and then give you, the depositor, interest lower than inflation rate. That means net loss for you. That is why I prefer to invest, and on average, my advisor makes returns that always beats inflation!
To be honest, I've been wary of banks for a while, but I wasn't sure how to speak with an advisor first. Please let me know who your adviser is if it's okay; I need some recommendations.
Svetlana Sarkisian Chowdhury a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.
Thank you so much for your helpful tip! I was able to verify the person and book a call session with her. She seems very proficient and I'm really grateful for your guidance
Interest is a sure thing.
That is exactly why the banks fucking offer it in the first place so clowns go and accept it.
You think the bank puts its money in a little savings account under inflation lol?
Hi Dan, my son is now working for me, he’s 20, and we’re now pushing my business even more and investing even more than before. Thankfully I’ve got him reading a lot in his spare time. He’s going to start taking notes from what he’s reading. We also write out monthly goals and hold ourselves accountable. Momentum is building and he’s very inspired and inspiring too.
Edit: I pay him a fair wage but I’ve also taught him that it’s not all about the wage you earn. If jobs going well, we are in construction, he gets bonuses from the profits. He’s realised the harder he works now and the more he invests the younger he will be when he hits millions.
🔥🔥🔥
Good stuff! Great to be able to nuture & foster that at a young age! 😊
Love that. Is your son mainly assisting with carpentry work in the field or do you have him more focused on building the operations of the company?
@@cosmosify he works with me on-site but he’s learning the whole business as well as us having meeting a couple of times a week discussing the future of our investments and the business.
when I was in my twentys the minimum wage was $7.50 per hour but I earned $ 9. I rented a 800 Sq ft apartment and the only food I ate was slim fast and any free food my coworkers would bring in to work , I only drove to work once or twice a week. The rest of the time I biked or took a bus to save on gas and maintenance. I didn't have cable TV or go to the movies. My biggest expenses were rent, income tax, car insuance, utilities and gas, in that order. I worked 2 jobs for about 65 hours per week and I still only managed to save about 10% of my net income.
people who suggest that people spend less than half their income on needs doesn't know what the cost of living is.
Dan, as a 19 year-old struggling to find hope in today's financial landscape, your videos give me a sense of direction and courage. Thanks for the valuable advice you give through your content
You got this👊
Read The Millionaire Fastlane by MJ Demarco, totally changed my perspective, and my 18 yr old's too.
Also, So Good They can't Ignore You, by Cal Newport. It's specifically targetted at your age group and will show you a way forward.
BOTH books are important.
I like how you thanked the maker for everything!
Got your book, Dan! Love the book. I finally took the leap and invested in my first assistant. In a matter of a few days, it has changed the game for me. Thank you for bringing that book into the world. Systems was always a challenge for me.
It’ll change the game…
Just make sure you train them well.
Message me EA on instagram and i’ll give you my full SOP
Great insights! Cheers.
Great video! I'm in at a crossroad, I've work overtime my entire life so and I'm exhausted, hate work, want to do my own my own thing and I finally make enough in dividends to quit my job and do my own thing, but I'm old now with no skills, no natural talent, and was never good at anything. I think I owe to myself leave, and I would read a lot more if I had more time. I hope I can figure something out! This video is half inspiring and half depressing. 😅
You're not alone ...
Rule 8 indicates you don't need a high IQ to be a good investor, just 2 qualities, self discipline and a lot of patience. Investing is mostly about behavioral psychology. How can I generate more income to retire with at least $3m for long term care?
We share common goal, making sure you are ready for your later years is very important. That's why passive investing works, low costs, better diversification and it enables people to overcome their behavioural bias especially if they engage professional help.
It's unfortunate most people don't have such information. I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than $30k passively by just investing through an advisor, and I don't have to do much work. Doesn't matter if the economy is misbehaving; great wealth managers will always make returns.
I've been looking to get one, but have been kind of relaxed about it. Could you recommend your advis0r? I'll be happy to use some help
Vivian Jean Wilhelm is the licensed advisor I use. Just research the name. You’d find necessary details to work with to set up an appointment
I looked up her name online and found her page. I emailed and made an appointment to talk with her. Thanks for the tip
You are spot on Dan. Delayed gratification is the key.
Glad I met you in person Dan. My life has changed ever since and to think I’ve only implemented a handful of things you’ve suggested.
You got this👊
I found my new inspiration. Bought Dan’s by accident. I saw the title buy your time back . Ok , I will read this book . After o reader his book find him on CZcams listening his podcast. Wow , so inspiring! You are the man !
Thanks so much Mr Dan for sending me this video, I truly appreciate it🙏 there's so much knowledge and I have been taking it all in. Becoming wealthy doesn't seem impossible anymore ❤❤❤
Appreciate you!
Very insightful. I feel like I am running in an uphill treadmill everyday.
Dan, I just subscribed, your wisdom is awesome! But there was one point of confusion in this video (it could just be my own misunderstanding though), it's when you say save enough emergency cash for a 3 or 6 month setback -- then you switch to say INVEST money don't SAVE cash (meaning keep your money working). I believe in the latter. Growth stocks that are solid (not speculative) CAN be that emergency fund for a 3 or 6 month setback. Stocks are liquid in two days! Why let cash sit? Buffett says he freaks out if there's a nickel in his pocket that's not out there working.
Money velocity is a beautiful concept. I learnt this from my wife 😅
I spoke to a friend and he told me if you are smart spend so that when you die you owe the most amount of money to the bank or lenders. You cannot take the money with you to your next life. Why would you want to die not enjoying your life and having billions in the bank who is already ripping you off? I had a friend who died at 51 after working almost 24/7. He left behind loads of money and a fully profitable le business to his business partner who then had a very lavish lifestyle. Before he was eating McDonald’s everyday saving all this to someone who really did t appreciate him at all.
Great video and advice. You have a very positive and light vibe. Inspiring. Business owner of 25 years, trying to keep the flame strong, stay motivated, and pushing forward with a new software project that is almost 10 years in the making.
You got this, one step at a time.
Don’t over complicate it👊
Watching from Philippines,
This is my guide❤
Thank you Dan for caring enough to take the time to share these valuable insights! We are one in our thinking that if our last day arrived and somehow we did know it? We would spend it the same way as you so aptly and well described herein.
This is one of the only dudes that sounds genuine , cause I’m doing half of what he’s talking about and my money went WAAAYY up when I made those changes
Appreciate the comment 👊
Tried to keep it simple
I think this is one of the most valuable videos I’ve watched in 2024.
Thank you Dan and Team
Appreciate you👊
Definitely
Great information brother 😁
*Great video! I really do have a question. For someone with less than $10,000 to invest, how would you recommend we enter the crypto market? I am looking at studying some traders and copying their strategy rather than investing myself and losing money emotionally. What’s your take on this approach?*
Trading without professional guide... Huh I laugh you, because you will remain where you are or even make huge losses that will stop you from trading, this has been one of the biggest problem to new traders
GOOD CONTENT !!! Very engaging right from the beginning These are tough times and frankly I appreciate how you discuss global finances in such a delicate way . Business and investment
She must be really dedicated and well trusted for people to talk much good about
The fact that I got to learn and earn from her program is everything to me think about it, it's a win-win for both ways.
Wow AmAzing. I'm a bit perplexed seeing Mrs kiana Campael. name been mentioned here also. Didn't know she has been good to so many people.
PHENOMENAL - EXACTLY what I've learnt! Thanx for sharing @DanMartell!
Great video! Thanks for putting it out there and sharing your wisdom, Dan.
Glad it resonated!!
Hi Dan, I love your style and the way you teach stuff, and also what you teach is timeless information that makes sense. I have heard it all before many times, and read most of the books you mention in your videos. But I have never seen it all put together in such a condensed way that creates blueprints and step by step plans the way you do. Keep up the great work. I have also made a living from programming for 15 years making software for windows in Borland Delphi. But that did not help me anything because the guy I worked for did not want to share what we built together, and I was not tough enough to stand up for what I believed was right, so I missed out on a lot of money. This was about 15 years ago. I am now, at the age og 60, in the thinking box, wondering if I should build something myself that will secure my retirement. I know I am capable of doing that. Thanks for putting together stuff in a way that makes me want to believe it can be possible, even for me, and even at my age.
Appreciate the kind words👊
@@danmartell I just bought the audio version of your book "Buy Back Your Time". Is there a PDF version for download somewhere?
I watched it twice. Thank you for sharing !
woow...this is so insightful
You’re a cool dude. Saw you at Wealthcon in April 2024. Glad I’m following you now.
Awesome hanging with you brother👊
Ur information is authentic and honest. Love it.
excellent video, so much knowledge and I will use this
Will have to re-watch this!
Appreciate the kind words!
Good stuff.
Content is top tier, I aspire to make videos this good🔥🔥
Appreciate you!!
I love what you said about money it’s the people you love and to help as many people is your true purpose
Yup - all that matters
Yes. As John Maxwell would say we were put here to live an intentional life. #maxoutyourefforts
Doing everything yourself is The e-myth resisted, and why most businesses never leave small business stage
100%
Video went into my folder.
Lovely
What if there is no «my why» and where/how to get it?
I'm glad I found you and your youtube golden information
This video helps a lot
do some good with it - money has no meaning other than what we give it, but we need it in the current system. If you are good at making it, redistribute resources to those in need.
Great insights on the value of time over money.
Thanks Dan, I’ve been binge watching your videos and you provide a lot of good advice ☺️
Appreciate you🙏
I'm not very skillful at much, but my work ethic is far beyond most. I try to seek perfection, but also accept that's not possible, so my best is what I do. It feels like I'm a jack of all trades, knowing that it makes me rather slow. What would you do? Everyone wants my time bc of my work ethic and reliability.
Pick one thing
Go all in
Saying no is important, especially to things you want to do
@danmartell This is my situation, I work 4 10hr manufacturing and a part time as a CAD drafter4-8hrs, as well as trying to run a financial services business, and also work in my parents farmer's market business. I made a big move this past year going on to the second year, and bought a farm. My intention was to help expand that family business onto the next generation. I like to give people the benefit of the doubt to prove themselves, but family just don't work well with business. And because I have no legal bound or leadership roles in the farm business, my vision, and standards of putting the business, customers, service, reputation, and my pride on the line. It just got stepped on with no regard or care from my family. It's rude, and disrespectful, bc it's a family business, I also have no hierarchy level of power to make any standards and everyone is pleased to do as they wish. It's literally a middle finger to my efforts. I get it, it's my fault feom not establishing boundries before buying into the business and property. But also just a big slap in my face for being naive. I'm debating, leave the property and let them deal with it and let them tarnish the business as they please and screw over my credit and reputation amd go on a new journey to focus on my own lane. Or reestablish a boundary and a leadership in the family business and get rid of all the weak links even if it means tarnishing family relationships.
I own & run my law firm & have been feeling a bit lost. On top of that my dad passed away two weeks ago-he left nothing & I had to help my family financially. 2024 has been a massive lesson/thorn. I have been working on/thinking about doing things different & today I made some headway on my future plans. Your video helped immensely. I have no idea what the future holds, but I know it’s NOT financial insecurity.
How many hours a week do you work and does the law firm generate a healthy profit? And do you enjoy the job?
You got this
Play to win
You’ll look back and be grateful for the hardships
As someone who retired at 29, not looking rich is the key… no one has a clue how much we’re worth and that takes a lot of pressure off of our family.
@@skyhappy I work too many hours. Unfortunately, it took me a few years to find great team members. I have them now. My biggest issue is taking 7 years to realize law school taught me to be an attorney, not a business owner. So, I’m starting over from scratch & building a business that just happens to be a law firm. My goal is to replace me in 12 months so I can only work on the business instead of in it. Thankfully a 20% increase in profits every single year but that is with sacrificing me & all that is me.
@@stachowi congratulations on retiring early!! I agree 100%. Most of my money goes into my home-I’m in the middle of remodeling the basement by myself. However, your statement definitely applies to my vacations. I take quite a few & the reality is that taking them right now isn’t a luxury I can afford. At least for the next 12 months.
Wow Don. This is the first video I watched with you.
First, l enjoyed watching your vids, and thank you for making them.
the only nagging thought i have (as a thinking man) is this:
if this guy is so rich w/companies, multiple mansions, many automobiles, jets, millions of dollars, etc., how does he have the time to be making CZcams videos?
i know personally it takes a lot of time & effort to make videos. just wondering how & why a multi-millionaire mogul would drop everything in his business world to make videos on CZcams? 🤔
Loved the second rule about paying yourself first. I was delaying this earlier but after prioritizing this I was able to focus more on deep work and help others. You can help others more after you pay yourself first vs if you were to try to help them first before paying yourself.
100% it’s everything
The path to financial freedom is work alot and deprive yourself.
26:05 your why or your way?
I'm watching this one a few times, that's for sure! It's so packed with value that it deserves to be studied thoroughly.
Thank you Dan and Sam
Appreciate you🙏
Nope, it’s WHY
The bigger the WHY the easier the HOW
@@danmartell thank you!
Love Norm!
Delayed gratification is vital
Yup
I want to give back and have been a stay at home mom. Now I am a Mimi to my grandkids. How do I start over now at this stage and give give give early 60’s.
I notice Dan did NOT reply: you're the only one too.....
Read The Millionaire Fastlane by MJ Demarco and watch Codie Sanchez's video on starting a Newsletter, costs almost nothing and with a little support you can be making money in three to six months from home. Good luck Carol Ann!
It's one of the best videos I ever watched
This is great advice @danmartell. You’ve broken it down so simple. Don’t spend, pay yourself first and don’t lose money!
You got it👊
Skilled luck, the painter Michelangelo once said ‘ if people knew how hard I worked to get my mastery , it wouldn’t seem so wonderful at all ‘
🙏👊
that final point. I have come to the realization today that to fix any problem, especially my ADHD, is to look to the final product, and work backwards. If i have something crazy coming up and im frozen with worry. I focus on the final goal, and make a plan backwards, to figure out what i should be doing now.
Can you add chapters?
Will keep that in mind;)
Dan, if we (your audience) happily consumed all of your content without editing or animations, would you be open to putting out more content? Maybe a daily podcast (partially kidding) where we mic you up and just get to hear your thoughts? Lol WE WANT MORE!!!
Thank you for everything.
Go check out my vlog channel;)
My last 2 posts were also less edited if you want more raw.
I like showing people graphics/example to help drive points forward👊
I am from Bangladesh ❤
Great video Dan, thanks for sharing these rules. 29 year old entrepreneur here. One question, if you had to pick one thing, what would be the most valuable lesson you've learned over all these years in business? Thanks in advance for answer. Looking forward to watch your next videos!
Honestly, all businesses are people powered.
The real skill in business is to recruit, train and retain top talent.
Everything else becomes easy after that
As someone who’s been in biz now for 15 years… focus on sales and marketing… only sell what you believe in. Rinse and repeat.
@@danmartell Thanks for the feedback, greatly appreciated!
I am speaking from Bangladesh, I want to have a meeting with you
Ann frank’s quote actually is a religious quote “charity doesnt decrease wealth” -prophet muhammad pbuh and also the hoarding/spending at 12:30 is definitely from God, if you calculate spending and giving God starts calculating what to provide for you
Appreciate the share👊
Both really powerful quotes
The greatest personal richness is finding happiness and joy in life. So live your life in such away that when you breathe your last and face God you will say "thank you for the awesome ride" ##maxoutblessings. 💪🙏
Great video - The law of use - the only dollar you have is the dollar you spend - dollars want me is a great book written over 100 years ago by Henry Harrison Brown…it’s a good one
Such a great takeaway
Thank you so much for the great Information 🙂
🙏👊
This is gold. I am a 50 year old father of 6. Ages range from 4 - 24. I have 13 dollars in my bank account, no job. I get by from gig work ( uber).
Feeling very hopeless until this video.
I'm feeling reinvigorated, because all of what you said resonates with me.
Thank you .
Glad this helped👊
Why would you have 6 kids when your finances are so shaky ?
Men’s don’t realize having a smart woman is the best asset.
@SusanKelly-ox2kk my X is a Family Nurse Practitioner.
6 kids is a very nice manufacturing business. Get them to work.
Is making CZcams vids about money habits a software vertical?
Best value for me in this video was talking about hiring superstars even if they may leave. It’s the Bs and Cs that risk the As.
In business, As can do the work of 2-3 and and 5-6 Cs
Get over your own insecurities and bring in the people that can actually take your business somewhere and then reward them properly to keep them
Took me 10 years to figure out.
You’re a faster leaner than me;)
@@danmartell I’m sure you learned a lot of other things faster than I’m learning them 😅
I realized this at my first job after retiring from volleyball, always nice to have your ideas affirmed by someone that’s already done the work
Time for me to implement!
In these uncertain times, it's more important than ever to have a solid understanding of how to manage your finances, invest wisely and navigate economic downturns. But my primary concern is how to grow my reserve of $240k which has been sitting duck since forever with zero to no gains, sure I'm all in on the long term game, but with my savings are lying waste to inflation and my portfolio losing gains everyday, I need a remedy.
If you need advice, consider speaking with a financial advisor. Don't get me wrong, you can do it on your own, but financial advisors have a lot more knowledge and expertise in this area.
you are completely right, Advisors have information and paths that are not disclosed to the public.. I profited $560k in 2023 under the tutelage of my Fiduciary-counselor. Am I selling? Absolutely not.. I am going to sit back and observe how this all plays out.
This is huge! think you can point me towards the direction of your advisor? been looking at advisory management myself.. seeking ways to invest and make more money with the uncertainty in the economy.
Amber Dawn Brummit is among the most accomplished portfolio managers in the industry, widely acknowledged for her outstanding work. I highly recommend taking a closer look at her impressive portfolio.
Appreciate this recommendation, hopefully I can get some insight to where the economy is headed and strategies to beat inflation with when I hear back from Amber.
Good video...wise man
Appreciate you!!
Hey Dan , very good video . I can do better editing in your videos which can help you to get more engagement in your videos . Pls lmk what do you think ?
I got a solid team;)
@@danmartell That's really great Dan , But I was wondering if I can get an opportunity to work with you in your team and get good results for you ??
No. 1 Rule. Take care of your health to keep your wealth.
Great advice...
Thank you🙏
Act your wage is a interesting concept, I’m gonna go think about that
Also if you ever look at this what is the best coding software to learn first?
Java is what I started with
Python is best nowadays though
Totally agree! I used a lot of them to build my business but learned a lot as well!
Glad to hear👊
I totally agree that time should be a lot more valuable to the person than money and money should be used to buy time . all of these tips are very useful and I think I hit a gold mine of valuable information here in this channel thank you so much Dan. I'm learning to apply your advice on my migration consultancy business helping High net worth clients to migrate to Europe through Investments typically between 250,000 to 500,000 USD it is a tough business that requires hard work and your advice would really help I'm going to try to embed it in my mind so I can make it second nature to me I'm really hoping I can hear from you personally so I can learn from the master himself if only there would be a chance
👌
Give value
Money, religion, health, love, security... all illusions. I have all of these, and it does nothing. If all of it was taken away tomorrow could you like with that?
Lovely video.Reminded me of my grandfather,a wonderful man,generous with his time,money & energy.His life was proof of "The more you give,the more you get, to enhance life for people around you"
God bless
Thank you for all the advice!
Putting my best out there for free!
babe wake up, dan martell posted
🤣🤣
Well said 👏
Don’t call me babe
❤
Thx for the shoutout.
The point that so many of these videos miss is the content creators resources. A vast majority of people don’t have a valuable skill. You’re talking about budgeting what you made and only utilizing $60k a year. There are soooo many people where $60k is ALL or exceeding their income. Not everyone has some consulting skill that brings in $20k a pop and we’re just too dumb with how we spend. The real useful video would be how to cultivate income, rather than the approach that people are just morons who waste the money they make.
How you define success is key. It's important to define success beyond just getting rich.
Yup
I started tracking tracking all my expenses and investments 10 years ago, and together with dollar cost averaging investing every momth they've been life transforming for sure 🔥😊
Lol. you should teach these principles to our Congress so we can reduce our taxes.
I never listen to a hustle porn video more than once, except Tate maybe. I've heard of Dan Martell before, not listened to him properly. This is absolute gold. A recurring theme among guys like Dan is paying others to free up your time, I really needed reminding of this right now.
If you don't get inspired after this to Take ACTION, u never will ((pure gems)) he just says it in a way that u know he LIVES it, the pain and struggles. He understands who we are because he's one of US!!!
What kinds of things do you do to invest in yourself?
Act your wage💪
Yup