Huge tip: if you are still living with your parents please make an effort save more than 10%. I know most people just want to party and spend their money when they are young but from what I've learned, the earlier we start the more drastic is the effect of compound interest. I am 20 years old right now and I am able to invest more than 50% of my income.
*Video summary* The 7 simple rules of money: 1) Start thy purse to fattening: save money. 2) Control thy expenditures: don't spend more than you need. 3) Make thy gold multiply: invest wisely. 4) Guard thy treasures from loss: avoid investments that sound too good to be true. 5) Make of thy dwelling a profitable investment: own your home. 6) Ensure a future income: protect yourself with life insurance. 7) Improve thy ability to earn: strive to become wiser and more knowledgable
Cheers for this, I been tryin to find out about "best seller finance books" for a while now, and I think this has helped. Have you heard people talk about - Hiyogan Jenhloe Domination - (should be on google have a look )? It is a good exclusive product for discovering how to gain the mind of a successful millionaire minus the normal expense. Ive heard some great things about it and my mate got excellent results with it.
Great video! I like that you emphasize that for some people it might be easier to cut expenditures than to increase income. A lot of wealthy people will promote the latter but it might be easier said than done in another persons situation. What I miss in this summary would be the advice surrounding seizing opportunities and taking action. If you would like to hear more about these tips, feel free to watch my top 5 takeaways from The Richest Man In Babylon on my channel.
@@KulwinderSingh-hm7zi he’s not wrong though. Yes bitcoin is proving to be one of the best investment opportunity there is but bear markets cause the average person to panic and sell. Without knowledge of how the market works losing 40% of your investment in a few days can cause you to panic sell losing you money. Repeat this and you can lose all your capital or close to it. Only invest what you can afford to learn and only invest in things that you’re knowledgeable in.
I just wanted to thank you, because ever since I started watching your videos, and implementing tricks into my life, I started feeling more confident. Not only that, but they helleped me get over my depression. Ik this is kinda off-topic for this video, but I really felt a strong need to thank you :)
Interesting to see different views about crypto-currency. I'm still leaning on to the potential of bitcoin. It might not replace fiat but surely it will change the face of currency in the near future. Anyway, great content as always, raw and on point!
Read this book... it (and Dave Ramsey's Financial Peace University) saved my financial future... I have been following the tips and am on the right track to have a debt free life.
I'm using Grant Cardones strategy, I put aside 40% from each of my paychecks and am living below my means until I have enough for my 1st big investment. I realize that this might be aggressive for most people, but it showed me actually how many unnecessary things I was spending my money on. Maybe you can afford to save 30%, or 20%, but 10% is really low. Bigger the pain, bigger the reward guys! Make the habit of paying yourself first because you deserve it, and cut your losses and unnecessary expenditures.
Bitcoin is a about financial sovereignty and not being dependent on the government or banks to bail us out if something goes wrong. So to answer your question. Yes!! You can insure your BTC (bitcoin) by keeping it yourself.
don't talk about Bitcoin if u don't understand it are you in control of your currency, Bitcoin has limited supply but your currency can be printed any time when supply is bigger than demand what do you think will happen.
Exactly! Instead of talking shit about something you don't understand, why not educate yourself on the subject and see its value. Imagine if all the investors who had faith in the idea of the internet back in the early 90's simply didn't invest because all that 'computer stuff' sounds too complicated. Vast wealth was created during that time because people could see the big picture and how the world was changing. The next big wealth transfer is going to be Blockchain/Bitcoin/Cryptocurrency. The world is going digital and paper money will soon be extinct. Stay away from stocks if you starting out. The market is designed to take advantage of the little guys, plus the market is due for a MAJOR correction or crash.
Bitcoin is suppose to be used in exchange of goods or services but that use is somewhat limited and instead people are betting on demand and supply of it in the market. for example if you are selling a watch, first of all it should tell me the time (correct or incorrect) and then i will decide if it is worth buying at what price. I cannot determine its price by how many people are interested in buying your watch. Thats the problem with Bitcoin and people thinking they are "investing" but infact they are speculating.
Haris Saif bro holding fiat currency is more risky than holding Bitcoin due to the inflation that is been cause by the federal reserve and our banking system
@@mazichibuezeibemesi3799 I totally agree with you brother. Just have 3 months of your salary as savings, just in case. Anything on top of that, invest it somwhere so your money start working for you and keep reinvesting its dividend.
Bitcoin doesn't get hacked. Exchanges (websites get hacked.) That's why you keep Bitcoin in cold storage, AKA a hardware wallet and not on an exchange which is a website.
I have something amazing to share with you, and best of all you can download this for free right now and use it to FORCE the universe to give you your DREAM life > t.co/1kZXU7UqYV?money
+Practical Psychology Excellent Video clip! Excuse me for the intrusion, I am interested in your opinion. Have you researched - Saankramer Earn Infinity System (do a google search)? It is a good one of a kind product for unlocking the combination to success without the hard work. Ive heard some unbelievable things about it and my m8 got astronomical success with it.
Thanks for the video content! Apologies for chiming in, I would appreciate your thoughts. Have you tried - Saankramer Earn Infinity System (just google it)? It is an awesome one off product for unlocking the combination to success without the hard work. Ive heard some great things about it and my work colleague got great success with it.
Practical Psychology Nice Video clip! Apologies for the intrusion, I am interested in your opinion. Have you researched - Saankramer Earn Infinity System (do a search on google)? It is a smashing one off guide for unlocking the combination to success without the headache. Ive heard some awesome things about it and my work buddy at very last got excellent success with it.
Nice video content! Excuse me for chiming in, I would appreciate your initial thoughts. Have you ever tried - Saankramer Earn Infinity System (search on google)? It is an awesome exclusive guide for unlocking the combination to success without the headache. Ive heard some pretty good things about it and my work buddy at last got great results with it.
1) Keep 10% 2) Control your expenses 3) invest in places you're knowledgeable 4) keep learning 5) guard your money from fatal loss 6) set up passive income
bitcoin is just under 30K, just proving this guy is not a clown LOL. Could it go back up sure, could it go down, sure. No one knows where it is going and we can't control (kinda his point)
This is dumb: Knowing how Bitcoin works perfectly (your 10% percentile) does not create any advantage as an BTC investor. It's knowing enough about BTC, economics, social behavior, risk, your own psychology, etc. etc. plus courage to action and discipline that makes you a good investor.
Great video one thing I will like to add there are ways you can learn how to make your money multiply and there are courses that help you earn while you learn so you can increase your income multiply your money and as the book say start the purse to fattening
I’m a bitcoin investor so let’s give y’all a little help - To understand bitcoin and the Tech behind it, the book “The internet of Money” is a must. Search for “Andreas Antenopoulos on RUclips. - You can’t hack bitcoin itself nor the blockchain, that is a misconception. You can hack the exchanges they get traded on. To understand this you first need to understand the concepts of private keys and public keys. - Yes,there is a place where your BTC are secure, you can use either a hardware wallet or a paper wallet. One of the reasons why Bitcoin is amazing, is because it is so much more secure than fiat currency. To understand this, first learn how mining works, then compare the system with the bullshit fractional reserve banking.
then again you understand HOW bitcoin works and thus are able to make an educated decision to invest in cryptocurrency. So you indeed are following the rule of investing in what you know.
TheMindofRa Yes, and I totally agree with that statement. That’s why I’m giving good source of info and concepts, in order for you to understand bitcoin
One more thing. Most people does not understand how fiat money works. So people are indirectly investing in something they don’t know by saving money. If your using a bank to gain interest, you barely get any real gains because of inflation. I’m not against saving whatsoever. What I’m saying is that, if you are gonna save, do it on a currency that gains value over time. Bitcoin uses a deflationary system instead of inflationary.
Theodore, your 27 confidence hacks are awesome , you are a master of knowledge !!! Thank you so much #waitingforgiveaway!!! Lots of love from India !! Keep guiding !!!
Do not invest in Bitcoin and cryptocurrencies for more than a year. It's a great investment but it' s not for long term. It's similar to mining stocks- it's not for long term. God bless, Proverbs 31
1.Save at least 10% 2.control expense (track/manage money). 3.Invest where knowledgeable (where 10 years?) grow net worth with skills. Successful investor 4.keep learning (coursetop 10%). Test, experiment, grow, learn. Years ahead. Buy video courses 5.Gueard money from Fatal loss. what Insurance insure your invest? 6.Set up passive income (4 hour workweek). Money continues to be made when you are doing other things.
I think it's funny how you mentioned how you might be able to improve your video thumbnails, on a video where the thumbnail reads "The Man in Richest Babylon" at first glance.
? Do I need to buy all your books to run my money, relationship well the wholelife. Salesman can be very annoying just include this in your attraction book.
I have the audiobook from audible but is too fuc..g boring to listen to it, your video is pretty straightforward and entertaining, thanks for uploading this.
Learn to flow with intuition of true self worth. Control is a con (artist) trol(l) who charges taxes. So flow even business. Instinct is best insurance. Always have 10k for insurance not pay premiums that only give 3/4 back.
Clueless. Yeah bitcoin is high risk, but it's high reward, you don't have to understand it. Do you really understand the stock market fully? Don't put all your investments in high risk, but definitely put SOME.
How do you know if it's high reward if you don't understand it? Most well-established coins have grown exponentially over the last few years. By investing now, you are paying thousands if not tens of thousands times more than people who invested only a few years ago did. That's not to say cryptocurrencies are no longer a good investment. I frankly have no clue whether it's still a good investment. But my point is how can you confidently say cryptocurrencies will continue to be a good investment in the future with no knowledge about them? You're just gambling at that point which doesn't sound like a reliable path to wealth. I agree with your point on diversification though. If you're strategically only playing with a certain amount of money that you would be ok with losing, you're downside is manageable.
why you make it seem that no one understands how bitcoin works? You seem to know little about it and yet you talk about it so negatively. I would argue that it is possible to become knowledgeable and use it at your advantage, look at exaple of venezuela SOME PEOPLE SURVIVED EBCAUSE OF BITCOIN!
So I’ve read the book and I have a lot ideas for the future. My only issue generating income now like how can I turn my 10% of income into my “slave”. I started to invest in a monthly ETF, I’m only spending 70% of my income on bills and food. I brainstorm everyday but I can’t come up with ideas the short term but I can with ideas for the future. I need a mentor.
Investing comes at risk, regardless of where you put your money at. There is no guarantee return. It is about managing risk to the minimum what makes an investor successful. I am a big fan of cryptocurrency and you just threw people like me under the bus by defaming bitcoin, though I respect your opinion and love your channel, I would suggest you and everyone else who reads this to inform yourself about the blockchain technology. All the big ideas that changed our lives took time to be adopted and implemented because of the "fear of the unknown".
Andy Paul consider the possibility that you are experiencing confirmation bias. You are so in love with the story surrounding blockchain you fail to see the psychology behind it. Blockchain could be awesome, but that does not negate the fact this has all the hallmarks of a buble. When schmucks who are clueless about cryptocurrencies are putting their money in then you know its overhyped. Plus compared to newer coins bitcoin is like the model T of the crypto world ... yet its most valued. How does that make sense. Some coins are more efficient and faster yet are worth a fraction of Bitcoin. That tells you the price of bitcoin is largely made of hype and perception. Thus will crash within 2 years.
haris000000 most likely it will and i agree with you for the most part. Yes, my opinion is biased. However my post was intended merely with the purpose of encouraging people to inform themselves rather than advising them to invest on it.
Huge tip: if you are still living with your parents please make an effort save more than 10%. I know most people just want to party and spend their money when they are young but from what I've learned, the earlier we start the more drastic is the effect of compound interest.
I am 20 years old right now and I am able to invest more than 50% of my income.
WHATS APP KOH +(65) 9433 3363
Cool
Im from uk, i have been contributing to my isa yearly since age of 14, im now 21, i now get 20k a year tax free income paid monthly and growing 😍
Put some money on the street and make more interest. But trust is key.😎
That’s so true, I wish I helped myself a little more when I was that age. But I making huge progress now. Keep up the good work!!
*Video summary*
The 7 simple rules of money:
1) Start thy purse to fattening: save money.
2) Control thy expenditures: don't spend more than you need.
3) Make thy gold multiply: invest wisely.
4) Guard thy treasures from loss: avoid investments that sound too good to be true.
5) Make of thy dwelling a profitable investment: own your home.
6) Ensure a future income: protect yourself with life insurance.
7) Improve thy ability to earn: strive to become wiser and more knowledgable
A summary of a 5 min video that is, itself, a summary. This is why people need financial advice - they have the attention span of a fly. :)
@@WarrenMarshallBiz A summary of 1 minute of summary and 4 minutes of ads.
Loved how you used the "thy". Thanks for the summary.
@@jabibgalt5551 "thy" and all these sentences are used in " The Richest Man in Babylon" book :-)
Cheers for this, I been tryin to find out about "best seller finance books" for a while now, and I think this has helped. Have you heard people talk about - Hiyogan Jenhloe Domination - (should be on google have a look )?
It is a good exclusive product for discovering how to gain the mind of a successful millionaire minus the normal expense. Ive heard some great things about it and my mate got excellent results with it.
Great video! I like that you emphasize that for some people it might be easier to cut expenditures than to increase income. A lot of wealthy people will promote the latter but it might be easier said than done in another persons situation. What I miss in this summary would be the advice surrounding seizing opportunities and taking action. If you would like to hear more about these tips, feel free to watch my top 5 takeaways from The Richest Man In Babylon on my channel.
The Swedish Investor Saw your video a minute ago - very good too
The Bitcoin part aged well 😂
Lot of ppl like that didn’t listen in 2012-2013. Haha
Zoom out 🤣
He just said invest in what you are knowledgeable, that’s it, I think this is legit
🤣🤣🤣
@@KulwinderSingh-hm7zi he’s not wrong though. Yes bitcoin is proving to be one of the best investment opportunity there is but bear markets cause the average person to panic and sell. Without knowledge of how the market works losing 40% of your investment in a few days can cause you to panic sell losing you money. Repeat this and you can lose all your capital or close to it. Only invest what you can afford to learn and only invest in things that you’re knowledgeable in.
3:22 "Translation: You should buy video courses too, my video course"
Lol
That was smooth ngl
Couldn't agree more! I can't wait for what life brings!
So what did life bring since you saw this video?
@@modernvintagelifestyles A worldwide pandemic I guess
Btc is the future, and everyone should learn this technology, always keep learning...
Can you include a conclusion or summary at the end of your video or in the description.
Great book and great video as usual Prac! Just bought your course and I love it so far!
I just wanted to thank you, because ever since I started watching your videos, and implementing tricks into my life, I started feeling more confident. Not only that, but they helleped me get over my depression.
Ik this is kinda off-topic for this video, but I really felt a strong need to thank you :)
My trading journey was a matriculation of highs and lows, literally just like the market. you up, you down. Now I'm constantly up.
Over the past 5 years, buying Bitcoin every week performed better than timing the market 86% of the time.
Nice and FAST very informative
Wish school.was like this
🔥🔥
🔥🔥🔥
🏁🏁🏁🔥🔥
Awesome Video! Loved it and working on it myself!
Thank you for the great videos you make, looking foward to the academy launching!
Interesting to see different views about crypto-currency. I'm still leaning on to the potential of bitcoin. It might not replace fiat but surely it will change the face of currency in the near future. Anyway, great content as always, raw and on point!
Can you do a series on how to youtube youtube?? Like a dedicated few videos serie?
Read this book... it (and Dave Ramsey's Financial Peace University) saved my financial future... I have been following the tips and am on the right track to have a debt free life.
I'm using Grant Cardones strategy, I put aside 40% from each of my paychecks and am living below my means until I have enough for my 1st big investment. I realize that this might be aggressive for most people, but it showed me actually how many unnecessary things I was spending my money on. Maybe you can afford to save 30%, or 20%, but 10% is really low. Bigger the pain, bigger the reward guys! Make the habit of paying yourself first because you deserve it, and cut your losses and unnecessary expenditures.
Just two days after this video was released Bitcoin hit its All-time-high. Just saying.
"The man in richest Babylon
CLOROX BLEACH r/dontdeadopeninside
CLOROX BLEACH came here for this 😂
Bitcoin is a about financial sovereignty and not being dependent on the government or banks to bail us out if something goes wrong. So to answer your question. Yes!! You can insure your BTC (bitcoin) by keeping it yourself.
And its not hackable if you hold the private key
Hodl them Bitcoins.
Sgt. Crypto , since you are knowledgeable about Bitcoin then for you it is a good investment.
Yesss🙏🏽🙏🏽🙏🏽
This aged well
don't talk about Bitcoin if u don't understand it
are you in control of your currency,
Bitcoin has limited supply
but your currency can be printed any time
when supply is bigger than demand what do you think will happen.
Exactly! Instead of talking shit about something you don't understand, why not educate yourself on the subject and see its value. Imagine if all the investors who had faith in the idea of the internet back in the early 90's simply didn't invest because all that 'computer stuff' sounds too complicated. Vast wealth was created during that time because people could see the big picture and how the world was changing. The next big wealth transfer is going to be Blockchain/Bitcoin/Cryptocurrency. The world is going digital and paper money will soon be extinct. Stay away from stocks if you starting out. The market is designed to take advantage of the little guys, plus the market is due for a MAJOR correction or crash.
Bitcoin is suppose to be used in exchange of goods or services but that use is somewhat limited and instead people are betting on demand and supply of it in the market. for example if you are selling a watch, first of all it should tell me the time (correct or incorrect) and then i will decide if it is worth buying at what price. I cannot determine its price by how many people are interested in buying your watch. Thats the problem with Bitcoin and people thinking they are "investing" but infact they are speculating.
Haris Saif
bro holding fiat currency is more risky than holding Bitcoin
due to the inflation that is been cause by the federal reserve and our banking system
@@mazichibuezeibemesi3799 I totally agree with you brother. Just have 3 months of your salary as savings, just in case. Anything on top of that, invest it somwhere so your money start working for you and keep reinvesting its dividend.
Bitcoin doesn't get hacked. Exchanges (websites get hacked.) That's why you keep Bitcoin in cold storage, AKA a hardware wallet and not on an exchange which is a website.
Thank you for this video!
Bit coin is weird and im surprised the Govt has not shut it down as only the dollar is legal tender.
Awesome video as always! Hope to be as big as you one day.
I have something amazing to share with you, and best of all you can download this for free right now and use it to FORCE the universe to give you your DREAM life > t.co/1kZXU7UqYV?money
+Practical Psychology Excellent Video clip! Excuse me for the intrusion, I am interested in your opinion. Have you researched - Saankramer Earn Infinity System (do a google search)? It is a good one of a kind product for unlocking the combination to success without the hard work. Ive heard some unbelievable things about it and my m8 got astronomical success with it.
Thanks for the video content! Apologies for chiming in, I would appreciate your thoughts. Have you tried - Saankramer Earn Infinity System (just google it)? It is an awesome one off product for unlocking the combination to success without the hard work. Ive heard some great things about it and my work colleague got great success with it.
Practical Psychology Nice Video clip! Apologies for the intrusion, I am interested in your opinion. Have you researched - Saankramer Earn Infinity System (do a search on google)? It is a smashing one off guide for unlocking the combination to success without the headache. Ive heard some awesome things about it and my work buddy at very last got excellent success with it.
Nice video content! Excuse me for chiming in, I would appreciate your initial thoughts. Have you ever tried - Saankramer Earn Infinity System (search on google)? It is an awesome exclusive guide for unlocking the combination to success without the headache. Ive heard some pretty good things about it and my work buddy at last got great results with it.
1) Keep 10%
2) Control your expenses
3) invest in places you're knowledgeable
4) keep learning
5) guard your money from fatal loss
6) set up passive income
I mean technically you can put your bitcoin in cold storage I'm pretty sure... so yeah... you can protect it
Von Mueller for sure, he obviously hasn’t studied it
Is this is a sarcastic comment I am supposed to laugh at or are you waaay too dumb
Invest in what? Is there any investment that is keeping up with or exceeding real inflation (i.e. not Govt posted figures on inflation?)
Cameron Alexander check out Dave Ramsey, he’s the financial guru
Bitcoin now $55,000 imagine if you had NOT followed this CLOWNS advice, and bought bitcoin you would now be rich!
bitcoin is just under 30K, just proving this guy is not a clown LOL. Could it go back up sure, could it go down, sure. No one knows where it is going and we can't control (kinda his point)
Good video. Also, the music is really catchy haha
This is dumb: Knowing how Bitcoin works perfectly (your 10% percentile) does not create any advantage as an BTC investor. It's knowing enough about BTC, economics, social behavior, risk, your own psychology, etc. etc. plus courage to action and discipline that makes you a good investor.
I sure hope you got more from it than that. Dont manipulate, work with.
Great video one thing I will like to add there are ways you can learn how to make your money multiply and there are courses that help you earn while you learn so you can increase your income multiply your money and as the book say start the purse to fattening
I’m a bitcoin investor so let’s give y’all a little help
- To understand bitcoin and the Tech behind it, the book “The internet of Money” is a must. Search for “Andreas Antenopoulos on RUclips.
- You can’t hack bitcoin itself nor the blockchain, that is a misconception. You can hack the exchanges they get traded on. To understand this you first need to understand the concepts of private keys and public keys.
- Yes,there is a place where your BTC are secure, you can use either a hardware wallet or a paper wallet. One of the reasons why Bitcoin is amazing, is because it is so much more secure than fiat currency. To understand this, first learn how mining works, then compare the system with the bullshit fractional reserve banking.
then again you understand HOW bitcoin works and thus are able to make an educated decision to invest in cryptocurrency. So you indeed are following the rule of investing in what you know.
TheMindofRa Yes, and I totally agree with that statement. That’s why I’m giving good source of info and concepts, in order for you to understand bitcoin
One more thing. Most people does not understand how fiat money works. So people are indirectly investing in something they don’t know by saving money. If your using a bank to gain interest, you barely get any real gains because of inflation.
I’m not against saving whatsoever. What I’m saying is that, if you are gonna save, do it on a currency that gains value over time. Bitcoin uses a deflationary system instead of inflationary.
Nice video but is bitcoin actually mentioned in the book?
Theodore, your 27 confidence hacks are awesome , you are a master of knowledge !!! Thank you so much #waitingforgiveaway!!! Lots of love from India !! Keep guiding !!!
hey i loved your content. I'd like to have your permission to use this video in my financial education program?
Do not invest in Bitcoin and cryptocurrencies for more than a year. It's a great investment but it' s not for long term. It's similar to mining stocks- it's not for long term. God bless, Proverbs 31
I just finished the whole book it's good :)
I hope you’re knowledgeable about Bitcoin now.
Omg I came here to ask same thing as I literally watch Doge race up today too haha
1.Save at least 10%
2.control expense (track/manage money).
3.Invest where knowledgeable (where 10 years?) grow net worth with skills. Successful investor
4.keep learning (coursetop 10%). Test, experiment, grow, learn. Years ahead. Buy video courses
5.Gueard money from Fatal loss. what Insurance insure your invest?
6.Set up passive income (4 hour workweek). Money continues to be made when you are doing other things.
I’m glad that you’re helping others grow. It’s really encouraging to see.
Good video man, but you should talk a little bit slower 😂
I think it's funny how you mentioned how you might be able to improve your video thumbnails, on a video where the thumbnail reads "The Man in Richest Babylon" at first glance.
Is life insurance a good place to put your money?
Dislike
My life changed dramatically after reading that book a year ago 😊
🤗
how is life now? Are you rich now?
@@PramodShetty not rich yet but prospering, thanks God Im debt free and investing in myself.
@@Delgado587 that's the worst mistake I made. Bought a house and it eats up 1/3rd of my monthly income due to debts
HEY! About your FACEBOOK ads: watch the video from "Veritasium" that is called "Facebook Fraud" and see what you get for what you pay :)
*The richest man in Babylon*
Oops read that wrong
*The man in richest Babylon*
Watch on 0.75 speed to be able to keep up.
Hi what is the program you use for the making of the video
the richest man in babylon was the first to sell courses on how to be rich
Omg... The video is not about the book. It's about this boy he's marketing himself 🤣🤣😭
"The Man in richest Babylon"
? Do I need to buy all your books to run my money, relationship well the wholelife. Salesman can be very annoying just include this in your attraction book.
Sounds like you should have spent more time learning about bitcoin than anything else. But nice book review.
I have the audiobook from audible but is too fuc..g boring to listen to it, your video is pretty straightforward and entertaining, thanks for uploading this.
Learn to flow with intuition of true self worth. Control is a con (artist) trol(l) who charges taxes. So flow even business. Instinct is best insurance. Always have 10k for insurance not pay premiums that only give 3/4 back.
This didn't age well. If someone bought Bitcoin when you made this video, they'd be a multi-millionaire.
You have a lot of potential! ✨
In summary these are rules how to become free...….financially
I think you really like Bitcoin... Thing about bitcoin is that it is not an investment, but rather a speculative instrument.
Those hacks were not hacks of BTC, they were of 3rd party services built on it.
But are you in cryptocurrency now? Curious...because that is my biggest gainer lol
Clueless. Yeah bitcoin is high risk, but it's high reward, you don't have to understand it. Do you really understand the stock market fully?
Don't put all your investments in high risk, but definitely put SOME.
How do you know if it's high reward if you don't understand it? Most well-established coins have grown exponentially over the last few years. By investing now, you are paying thousands if not tens of thousands times more than people who invested only a few years ago did. That's not to say cryptocurrencies are no longer a good investment. I frankly have no clue whether it's still a good investment. But my point is how can you confidently say cryptocurrencies will continue to be a good investment in the future with no knowledge about them? You're just gambling at that point which doesn't sound like a reliable path to wealth.
I agree with your point on diversification though. If you're strategically only playing with a certain amount of money that you would be ok with losing, you're downside is manageable.
Don't use music
lmao, yeah ok, this 20 year old kid is going to teach me how to become more likable and get rich hahahah
lmfao if only thy invested in Bitcoin. All jokes aside great video.
This video was an infomercial for shameless plugs than a summary
This is one of my favourite books and I did a summary few monts ago. I am glad do see that you choose the same ideas! Good job😊
Impressive. For the T-shirts you could use Printful.
I absolutely enjoy your content so easy to comprehend thank you
What is the name of the song playing in the Background?
The Man In Richest Babylon
Here because of freeway Ricky
you should have investing bitcoin 3 years ago 😂
Thanks for that interesting video!
10% in Bitcoin 4 yrs ago… o nevamind Great video tho
This video is an advertisement, not a summary.
This is more of an ad, then summary of the book.
I miss this intro so much.
Great video! I'm reading through the Richest Man in Babylon and was thinking I need a quick overview of the whole book. This was super helpful!
DMurph & Pri-Pri same here lol
this guy has some obsession with bitcoin
Did u learn how bitcoin works??
Ι like your voice :)
I don’t like how all your negative examples are about “Bitcoin”
i read it as the man richest in babylon ;-;
Wait , the bitcoin guy already had a 2mm subs channel🤯
My stake in crypto is very small
why you make it seem that no one understands how bitcoin works? You seem to know little about it and yet you talk about it so negatively.
I would argue that it is possible to become knowledgeable and use it at your advantage, look at exaple of venezuela SOME PEOPLE SURVIVED EBCAUSE OF BITCOIN!
he jelly he missed the boat! Probably had a chance to invest when it was 1-5 dollars a piece and dismissed it!
You need to take a course on delivering what your headline promises instead of using it as a time to talk about how great you are
How do you make passive income
Amazing ideas ; I need to work on 2nd idea first !!
I'm subscribed to your channel to see content, not advertising.
wow thanks for video
Stop hating on Bitcoin
So I’ve read the book and I have a lot ideas for the future. My only issue generating income now like how can I turn my 10% of income into my “slave”. I started to invest in a monthly ETF, I’m only spending 70% of my income on bills and food. I brainstorm everyday but I can’t come up with ideas the short term but I can with ideas for the future. I need a mentor.
Investing comes at risk, regardless of where you put your money at. There is no guarantee return. It is about managing risk to the minimum what makes an investor successful. I am a big fan of cryptocurrency and you just threw people like me under the bus by defaming bitcoin, though I respect your opinion and love your channel, I would suggest you and everyone else who reads this to inform yourself about the blockchain technology. All the big ideas that changed our lives took time to be adopted and implemented because of the "fear of the unknown".
Andy Paul consider the possibility that you are experiencing confirmation bias. You are so in love with the story surrounding blockchain you fail to see the psychology behind it.
Blockchain could be awesome, but that does not negate the fact this has all the hallmarks of a buble. When schmucks who are clueless about cryptocurrencies are putting their money in then you know its overhyped.
Plus compared to newer coins bitcoin is like the model T of the crypto world ... yet its most valued. How does that make sense.
Some coins are more efficient and faster yet are worth a fraction of Bitcoin. That tells you the price of bitcoin is largely made of hype and perception. Thus will crash within 2 years.
haris000000 most likely it will and i agree with you for the most part. Yes, my opinion is biased. However my post was intended merely with the purpose of encouraging people to inform themselves rather than advising them to invest on it.
@Sergio Aguirre lol bitcoin nearly crashed went from high peak of 20k to being valued at just 2.4k 😂😂😂
So... We must have savings to have posibility to invest 10% of them in "early bitcoins" taking risks to lose it without butthurt...
Hopefully that stuff goes back up because I have money it some of those currencies
Hi my dude you edit vidoes can I send you video & you edit some cool stuff for me to keep youth interssted in the video?