Naval Ravikant - Money Habits Keeping You Poor [w/ Charlie Munger, Mohnish Pabrai]

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  • Опубликовано: 25 дек 2024

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  • @alphabeta8403
    @alphabeta8403 Год назад +28

    4:21 Pick an aspirational hourly rate
    5:29 There are no get rich quick schemes
    8:30 If you want to become a philosopher king, first become a king, then become a philosopher
    8:45 *Compound interest is the 8th wonder of the world*
    11:20 How to lose time and money

  • @StellaAlmiron
    @StellaAlmiron 10 месяцев назад +43

    Managing money is different from accumulating wealth, and the lack of investment education in schools may explain why people struggle to maintain their financial gains.

    • @RickyMansard
      @RickyMansard 10 месяцев назад

      Investors should exercise caution with their exposure when considering new investments, particularly during periods of inflation. It is advisable to seek guidance from a professional or trusted advisor in order to navigate this recession and achieve potential high yields.

    • @demetriussullivan4088
      @demetriussullivan4088 10 месяцев назад

      Amazing. It gets quite difficult to handle all of this, and staying informed is a major cause. How do you go about this, are you a pro investor?

    • @RickyMansard
      @RickyMansard 10 месяцев назад

      Through closely monitoring the performance of my portfolio, I have witnessed a remarkable growth of my finances in the past two quarters.

    • @RickyMansard
      @RickyMansard 10 месяцев назад

      I have been in touch with a Financial advisor. With a startup of $ 100 k, my advisor chooses the entry command of my portfolio which has grown to approximately $ 450 k in some weeks.

    • @HHACKLAND
      @HHACKLAND 10 месяцев назад

      I’m intrigued by your progress. Could you share some insights into your investment strategy or perhaps recommend any specific resources or mentors that have led to your success.

  • @thibaultdeheurles4561
    @thibaultdeheurles4561 Год назад +10

    Thanks for your work this year 🎉❤

  • @mangao4334
    @mangao4334 15 дней назад

    Im hooked, thank you.

  • @PickingNuggets
    @PickingNuggets  Год назад +1

    📚 Find the best nuggets from hundreds of non-fiction books on Shortform - The platform that I use to learn from books - shortform.com/pickingnuggets
    Through my special link, you’ll get a 5-day FREE trial and a 20% off the annual subscription!
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  • @coder_rc
    @coder_rc Год назад +1

    Thankyou julio for doing all this❤

    • @PickingNuggets
      @PickingNuggets  11 месяцев назад +1

      welcome my friend! Thanks for watching :)

  • @Muller_Andr
    @Muller_Andr 11 месяцев назад +4

    new trader here, love these vids this stuff is above my head. but after learning for two years starting to understand what your doing, would love to trade like this in my IRA I'll get there one day.

    • @simone_maya
      @simone_maya 11 месяцев назад +3

      When stock picking, best to have a mentor who has a feel for sentiment and positioning of both institutional and individual investors. People like Munger and Buffet have good principles.

    • @AnkurYo
      @AnkurYo 11 месяцев назад +2

      Right, my question then is where should I allocate more of my contribution from my paycheck to in my, Tbills and Bonds or stocks since the S & P has been a rollercoaster YTD?

    • @xavier_lucas
      @xavier_lucas 11 месяцев назад +1

      It is always good to have a bal-financial plan while seeking out alternatives as well. I work with a floor trader, professional planner and fixed-income strategist in NY, Monica. The fixed income portion of your portfolio won’t simply serve as a buffer to the volatility of the equity portion of your portfolio, but will provide legitimate income.

    • @Muller_Andr
      @Muller_Andr 11 месяцев назад

      How has that worked out for you so far?

    • @xavier_lucas
      @xavier_lucas 11 месяцев назад +3

      Under Monica Mary Strigle, I've gained up during these market shifts.

  • @ryanpena1115
    @ryanpena1115 Год назад +2

    Awesome content, love all your videos

  • @myexperimentalmind
    @myexperimentalmind Год назад

    Thanks for another upload!!! Hope you keep them coming!

  • @TharunsJournal
    @TharunsJournal 10 месяцев назад

    I enjoy watching your RUclips channel the most

  • @JakeRichardsong
    @JakeRichardsong Год назад +8

    Mozart's cause of death was not any character issues, it was: post-streptococcal Schönlein-Henoch syndrome which caused chronic glomerular nephritis and chronic renal failure. He was also prone to illness since childhood. Again, not his fault.

    • @jeremyfinger843
      @jeremyfinger843 Год назад +3

      And was miserable for what Charlie said

    • @1001Balance
      @1001Balance Месяц назад

      It doesn’t matter to these ‘inspirational’ dudes. Never waste a possible good story 😂😂😂

  • @ekeminios
    @ekeminios 11 месяцев назад

    Great insights! Thanks for sharing.

  • @HIGHCLASSBOSS
    @HIGHCLASSBOSS 10 месяцев назад

    Love this channel

  • @Ethannesss
    @Ethannesss Месяц назад

    "burning neurons", that's a good one!!!

  • @bec_Divyansh
    @bec_Divyansh 11 месяцев назад

    Great advice for handling money this year!

  • @DModernMonk
    @DModernMonk 6 месяцев назад

    Which tool are you using ?

  • @bakmaharangana
    @bakmaharangana 11 месяцев назад

    Thank you

  • @Blubbha
    @Blubbha Год назад +4

    So it's like this: push yourself as much as possible before you start a family to increase your income or build income streams. Then start to invest. Build up more income streams which is the hardest for sure. But reach a level where you can live from 50 to 75% and ignore the rest. Once you start pay yourself first it's easier to invest and build long-term wealth. Don't do it the other way around.

    • @silverchairsg
      @silverchairsg Год назад

      Just don't start a family period. Or better still, don't get a girl/boyfriend. Attain financial freedom first before you have kids.

    • @Blubbha
      @Blubbha Год назад +2

      @@silverchairsg interesting View. Do you think this works with the limitation of the timespan you have available to start a family and have / find a partner?

    • @sp123
      @sp123 Год назад

      ​@@Blubbhait doesn't, that is why birth rates are declining in developed countries. If both parents are high earners, raising 1-2 kids is possible, you just need a parent to stay home until they kids can go to school

  • @MTtroutfisher406
    @MTtroutfisher406 Год назад

    Correction: MMM didn’t have a goal to retire early, it just kinda happened as he’d built up enough resources to be self-supporting and could then leave traditional work.

  • @dsinghr
    @dsinghr 11 месяцев назад

    There is nothing worse than having money in bank account and not splurging it. Frugality is worst than torture

  • @JaMarrJ
    @JaMarrJ 11 месяцев назад

    Great video brother definitely getting a sub from me - Happy New Year! 🎈 🎉

  • @patrickmack7
    @patrickmack7 Год назад +3

    Mr Money Moustache does... not live in the sticks in Colorodo...he has purchased a new car, he's gotten divorced, and earns more $ than 90% of US housholds, even in 2023, ignoring investment income.

  • @martinrea8548
    @martinrea8548 Год назад +2

    I wouldn't like a wife with a mustache, no matter how good she was with money.

  • @jali1157
    @jali1157 5 месяцев назад

    You selling too! 😂🤣😂🤣

  • @Jay-ut9ov
    @Jay-ut9ov 11 месяцев назад

    An update: MMM is now divorced. Life isn't always pretty

  • @DrFractal123
    @DrFractal123 11 месяцев назад +1

    Naval has run out of material five years ago - now just full time grifting! Angellist 😮