I am coming to this conclusion as well. I'm 5 years into my career and I've been chasing money and promotions this whole time, mostly because I am trying to FIRE. I've recently come to the conclusion that for my next job, I'm willing to take a lower paying, but less stressful and "slower" job so I can have time and energy to pursue things in my life that actually matter. Love the channel!
I was a poor saver and a better spender. Always relying on tomorrow for financial security. I finally had enough and forced myself to become financially literate. It was tedious and painful at first. But after hard discipline, I can say that I am now financially literate and I’m helping my significant other and family learn more of these topics. I have fully adopted the mindset of buying assets and dumping liabilities. I have started a business and will start more. Thank you for your guidance and optimism Tae! 🎉
If Warren Buffet's net worth was $20k when he was 21 years old in 1951, that's equivalent to the buying power of just under $226k 2022 dollars. Seriously impressive.
I had the similar life story my parents lost their home due the housing market crash, both of my parents lost their buisiness shop, my dad after the economy recover he decided to open up a repair buisiness which has been booming what resulted is that my parents divorced, the economic down turn made my parents lost our home, and my sisters and I didn’t had a father to be around. Anyways, whole point now I’m older, wiser, I just want a steady pace of income I hate hustle culture I use to live in LA. Now I appreciate the steadiness, and secruity.
Thank you for bringing a worth while philosophy to Finance-Tube. Having experienced similar family financial cataclysms in my childhood, I had to learn this the hard way. Hopefully others won’t!
I've watched hundreds of RUclips videos on investing and read a dozen books on the same subject including Ben Graham's (Warren Buffett's mentor) 'intelligent Investor'. In less than ten minutes you have given the most succinct and wise investing advice that I have come across - a truly impressive achievement.
This makes sense especially look at all the younger rappers and celebrities. The faster they become rich the faster they spend it all or Squander it and don’t savor it. People like Warner Buffet, Eminem, Jeff Bassos, And different CEO of different company’s and artists Take 10+ years to make millions however they stay rich cause they understand money. It’s all about mindset and being literally Mentally smart.
Thank you for your grounded advice. You’re right all of these videos of people making it big quick can definitely warp my perception of what is realistic. Thanks Tae!
The lack of safety nets most people have is mind boggling to me. My parents were estranged from their parents, had five kids, three of whom were disabled, one died as a result, my dad died of Alzheimer's in his 60's and my mother still retired a multi millionaire. Luckily dad was a big believer in insurance or I don't know where she'd be today.
For my own exp, I have the tendency to go speculating, because I started late on wealth building and wanna chase the time back. Could you share anything which could tame our such mental urge?
Ya this rings true to me, I was so depressed with how much I was making then I stopped and looked at where I was in life and my age and found I was in the 92% for my age. I started working at 17 and was competing with people twice some time 3 my age for a long time that it warped my perspective on life. The only thing I now want is my "dream job" by the time I am 30 and I got plenty of time to make that happen... gotta go back to school thou for it but I don't mind because i like learning. Also witnessed 2 bankruptcy growing up, dad lost his consulting company, then the house.
From 21 years of 20 000 $ to 92 years 100 billion makes 24,2 % annual w/o inflation. Compounding is important but 24,2 % for 71 years is way impressive.
Not necessarily. Just might have to adjust expectations and cut back on lifestyle to achieve the freedom desired. Investing 2k/month for 15 years at 8% growth comes out to 700k. Even starting at 55 that could be 700k by 70. Not too bad.
I am coming to this conclusion as well. I'm 5 years into my career and I've been chasing money and promotions this whole time, mostly because I am trying to FIRE. I've recently come to the conclusion that for my next job, I'm willing to take a lower paying, but less stressful and "slower" job so I can have time and energy to pursue things in my life that actually matter. Love the channel!
Proverbs 13:11
Wealth gained hastily will dwindle, but whoever gathers little by little will increase it.
I was a poor saver and a better spender. Always relying on tomorrow for financial security. I finally had enough and forced myself to become financially literate. It was tedious and painful at first. But after hard discipline, I can say that I am now financially literate and I’m helping my significant other and family learn more of these topics. I have fully adopted the mindset of buying assets and dumping liabilities. I have started a business and will start more. Thank you for your guidance and optimism Tae! 🎉
If Warren Buffet's net worth was $20k when he was 21 years old in 1951, that's equivalent to the buying power of just under $226k 2022 dollars. Seriously impressive.
This concept can apply to many aspects in our lives. Never underestimate consistent baby steps. Great video.
Proverbs 21:5 The thoughts of the diligent tend only to plenteousness; but of every one that is hasty only to want.
love this.
I had the similar life story my parents lost their home due the housing market crash, both of my parents lost their buisiness shop, my dad after the economy recover he decided to open up a repair buisiness which has been booming what resulted is that my parents divorced, the economic down turn made my parents lost our home, and my sisters and I didn’t had a father to be around. Anyways, whole point now I’m older, wiser, I just want a steady pace of income I hate hustle culture I use to live in LA. Now I appreciate the steadiness, and secruity.
Thank you for bringing a worth while philosophy to Finance-Tube. Having experienced similar family financial cataclysms in my childhood, I had to learn this the hard way. Hopefully others won’t!
I have no idea how you make such a slow and sane approach sound so sexy. 😂
I like how holistic, thoughtful and farsighted your approach is.
I've watched hundreds of RUclips videos on investing and read a dozen books on the same subject including Ben Graham's (Warren Buffett's mentor) 'intelligent Investor'. In less than ten minutes you have given the most succinct and wise investing advice that I have come across - a truly impressive achievement.
Excellent presentation. Thank you!
The last few minutes was amazing advice. Great learning.
Very informative videos . Thank you for your service for this country . We all appreciate you
This makes sense especially look at all the younger rappers and celebrities. The faster they become rich the faster they spend it all or Squander it and don’t savor it. People like Warner Buffet, Eminem, Jeff Bassos, And different CEO of different company’s and artists Take 10+ years to make millions however they stay rich cause they understand money. It’s all about mindset and being literally Mentally smart.
Thank you for your grounded advice. You’re right all of these videos of people making it big quick can definitely warp my perception of what is realistic. Thanks Tae!
Great advice. It maybe boring to some, but extremely pragmatic advice.
Can't leave without leaving a comment - timeless message.
Thank you, your videos have been making me think a lot about how I’ve recently been approaching life. Great video
I love this... really puts things in perspective for me.
Great Video! Thank You!
I've accumulated 20k+ position in GPN... i'll be looking to get atleast 30% within the next 18 months.
BOT
The lack of safety nets most people have is mind boggling to me. My parents were estranged from their parents, had five kids, three of whom were disabled, one died as a result, my dad died of Alzheimer's in his 60's and my mother still retired a multi millionaire. Luckily dad was a big believer in insurance or I don't know where she'd be today.
Very interesting insights and tips!
Well Said...
Amazing video and deep, thank YOU!
This was a really good message.
Wonderful video 🙂
For my own exp, I have the tendency to go speculating, because I started late on wealth building and wanna chase the time back.
Could you share anything which could tame our such mental urge?
Ya this rings true to me, I was so depressed with how much I was making then I stopped and looked at where I was in life and my age and found I was in the 92% for my age. I started working at 17 and was competing with people twice some time 3 my age for a long time that it warped my perspective on life. The only thing I now want is my "dream job" by the time I am 30 and I got plenty of time to make that happen... gotta go back to school thou for it but I don't mind because i like learning.
Also witnessed 2 bankruptcy growing up, dad lost his consulting company, then the house.
Loved your video!
Awesome perspective
From 21 years of 20 000 $ to 92 years 100 billion makes 24,2 % annual w/o inflation. Compounding is important but 24,2 % for 71 years is way impressive.
Stocks are probably in a bubble. Keep diversified. Cash is also OK 👌
I love your videos!
Well done
Great content for 😃😃😃
Love the hair... I've been balding since 6th grade
It depends a lot on your age too. Slow pace @ 55+ is too late already.
Not necessarily. Just might have to adjust expectations and cut back on lifestyle to achieve the freedom desired. Investing 2k/month for 15 years at 8% growth comes out to 700k. Even starting at 55 that could be 700k by 70. Not too bad.
And that’s starting with 0 at 55. Hopefully that isn’t the situation. Even if it is, there’s still hope.
lol keep up the funny stuff