The Book That Changed My Financial Life 🤑

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  • Опубликовано: 10 июн 2024
  • In this episode of BOOK CLUB, we're talking about 14 money rules I follow to build and keep wealth which I learned from reading Morgan Housel's book 'The Psychology of Money'. These lessons have helped to change my outlook and attitudes to money and are super useful to learn early on in your journey to financial independence!
    - Sign Up To Curiosity Stream To Get the FULL version of this video with all 14 lessons on Nebula: curiositystream.com/ali
    - Buy The Psychology of Money: geni.us/5opc3P
    - BOOK CLUB Playlist: • Book Club
    🍿WATCH NEXT:
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    The Book that Changed My Relationship with Time: • This Book Changed my R...
    Timestamps:
    00:00 Intro
    00:26 Lesson 1 - Everyone has different attitudes towards money
    01:18 Lesson 2 - Don’t underestimate the importance of luck
    01:51 Lesson 3 - Learn to say “this is enough”
    04:11 Lesson 4 - Appreciate the magic of compounding
    05:30 Lesson 5 - Save as much as you can
    06:59 Lesson 6 - Focus on not screwing up
    08:13 Lesson 7 - Use money to buy freedom
    09:10 Lesson 8 - Getting wealthy is different to staying wealthy
    10:18 Lesson 9 - Don’t be a flashy twat
    11:17 Lesson 10 - Leave room for error
    12:35 Lesson 11 - Avoid extreme financial commitments for your future self
    13:45 Lesson 12 - Be reasonable rather than rational
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Комментарии • 1,8 тыс.

  • @user-es8zy9zr7t
    @user-es8zy9zr7t 15 дней назад +1079

    The fact that nobody talks about the book Matrix Golden Cashflow Tactics, speaks volumes about how people are stuck in life.

    • @herculesrockefeller8969
      @herculesrockefeller8969 2 дня назад

      People don’t talk about it because it’s no good.🙄

    • @gtanz1
      @gtanz1 День назад

      2wks and 1k likes, ok bot.

  • @F3RY20
    @F3RY20 Месяц назад +1004

    I really like how thorough you are and how well you explain everything, and the book is amazing as well. There's also a book I would recommend that you add to your book club called ancient wealth cipher, that book saved me financially and helped me learn things about money I never knew existed and were possible. Anyways keep up the good work!

  • @Aurelijegas
    @Aurelijegas 2 месяца назад +629

    its kinda crazy how no one talks about Nixorus and book called Ancient Wealth Wisdom

    • @Chadinaa
      @Chadinaa 19 дней назад

      I agree, they have great stuff

    • @gtanz1
      @gtanz1 День назад

      bots

  • @rileydawnofficial4335
    @rileydawnofficial4335 2 года назад +895

    I love how fast he talks. Doesn’t waste time and gets straight to the point. I appreciate humans like this. I subscribed.

    • @maximiliankiel2996
      @maximiliankiel2996 Год назад +33

      He just sped up his video by 25%, switch the speed to 0,75 to see him talk like every other human 😅. Those RUclipsrs…

    • @bravokarthi6600
      @bravokarthi6600 Год назад +7

      @@maximiliankiel2996 he really speaks fast...

    • @starmorpheus
      @starmorpheus Год назад +7

      @@maximiliankiel2996 Lol what? You can tell it's his normal talking speed. He has podcasts with other people where he speaks the same way. What a strange comment to make.

    • @bjcee
      @bjcee Год назад +16

      Yeah no, I don’t. It’s hard to follow. Thank god for the speed button.

    • @zakariasoulaymani5364
      @zakariasoulaymani5364 Год назад

      @@maximiliankiel2996 i

  • @MarkJones-yu1rs
    @MarkJones-yu1rs 8 дней назад +655

    If you ever listen to anything while reading comments let it be this- go read the book 25 Money Secrets From Donald Trump, then come back and thank me

  • @EnigmaEarningsExpedition
    @EnigmaEarningsExpedition Месяц назад +741

    drop everything you're doing and find an ebook called making money your reality, trust me on this

    • @Brian.Milligan
      @Brian.Milligan 17 дней назад +2

      ‼️⚠️⚠️⚠️‼️
      Scam Alert.

  • @pearlgirl
    @pearlgirl 2 года назад +209

    “Savings = Income - EGO” was my favorite quote

    • @avenue2revenue
      @avenue2revenue 2 года назад +1

      Yeah, everyone should stop keeping up with the Joneses!

    • @VedavyasRS
      @VedavyasRS 8 месяцев назад

      Wow, best quote ever 👏😍

  • @samonearth9507
    @samonearth9507 2 года назад +448

    "There is no reason to risk what you have and need, for what you don't have and don't need." I really liked the quote.

    • @srourfamily
      @srourfamily Год назад +1

      i purchase my home at age 19, and now own 10 houses but will not take risk that
      "sense of security" Most individuals from previous investing and now broke and dead, because of chasing money that their bodies couldnt keep up!! fools and senseless way of living. Ego and Status Models that rip the soul.

  • @meganlouise8943
    @meganlouise8943 2 года назад +628

    When you stop learning, you get left behind. Never stop
    educating yourself

    • @simonethomas9393
      @simonethomas9393 2 года назад +5

      I love this, i pray this message gets to everyone who needs it

    • @simonethomas9393
      @simonethomas9393 2 года назад +2

      Building wealth involves developing good habits like
      regularly putting money away in intervals for solid
      investments. The stock market has plenty of
      opportunities to earn which I myself took advantage of.
      I made my first million from going diverse, mainly
      ETFs(stocks, bonds etc), bitcoin, and gold. I'm also
      working on an investment plan that includes NFTs with
      my advisor,Kelvin Maorgan. It's been a year and half
      of steady growth.

    • @danaandrioaie1495
      @danaandrioaie1495 2 года назад +2

      @@simonethomas9393 You have a point, lately I found out that we have lots
      of opportunities to become financially free but most
      times we let this opportunities pass

    • @danaandrioaie1495
      @danaandrioaie1495 2 года назад +2

      Just like bitcoin, got to know about bitcoin from a
      friend 6 years ago but didn't see any reason to invest
      it it then, that's one decision I regret everyday

    • @franknedu1957
      @franknedu1957 2 года назад +1

      @@danaandrioaie1495 exactly, bitcoin has lots of potential but people prefer keeping there money in banks than investing. From my research nobody became super rich through savings put that money to work

  • @MilionareClub1
    @MilionareClub1 3 месяца назад +91

    Best book that I ever read was "Rich People Know This", what I founded inside was miracle. So facinating facts about riches mindes and how they think is banger. Would reccommend to every person who wants to get rich!

    • @risk-mq6xm
      @risk-mq6xm 3 месяца назад +1

      Where Did You Find The Book?

  • @andrewcleverly1322
    @andrewcleverly1322 2 года назад +392

    When you invest, you are buying a day that you don't have to work.
    I pray everyone reading this becomes successful.

    • @andrewcleverly1322
      @andrewcleverly1322 2 года назад

      @John Alfred Crypt0 investment, but you will need a professional guide on that.

    • @andrewcleverly1322
      @andrewcleverly1322 2 года назад

      @John Alfred you can reach out to him now on FB 👇

    • @andrewcleverly1322
      @andrewcleverly1322 2 года назад

      @John Alfred Mark J. Ramsey

    • @myytchannel6632
      @myytchannel6632 2 года назад +1

      You stole this comment, FOOL!

    • @Sallyman5741
      @Sallyman5741 2 года назад

      @@myytchannel6632 these are investment Bots dont fall for the tricks Theyre all over YT

  • @pranb3702
    @pranb3702 2 года назад +1321

    1. Everyone has different attitudes towards money
    2. Don't underestimate the importance of luck
    3. Learn to say "this is enough"
    4. Appreciate the magic of compounding
    5. Save as much as you can
    6. Focus on not screwing up
    7. Use money to buy freedom
    8. Getting wealthy is different to staying wealthy
    9. Don't be a flashy twat
    10. Leave room for error
    11. Avoid financial commitments for your future self
    12. Be reasonable rather than rational

  • @esiedler1
    @esiedler1 2 года назад +587

    Acquiring wealth is only half the battle the other half is maintaining your riches

    • @someonewhocares...2513
      @someonewhocares...2513 2 года назад +2

      Oh sod off, will you?

    • @knilloc8095
      @knilloc8095 2 года назад

      How are you verified when you don't have a channel

    • @moosdeboer6469
      @moosdeboer6469 2 года назад +7

      its way harder to acquire wealth, this quote is big dumb

    • @intello8953
      @intello8953 2 года назад

      What a cringe quote but aight I guess

    • @Juduh
      @Juduh 2 года назад +3

      Repent, trust, and believe in Jesus and be saved.
      John 3:16“For God so loved the world that he gave his one and only Son, that whoever believes in him shall not perish but have eternal life. For God did not send his Son into the world to condemn the world, but to save the world through him.”

  • @augustineboruvka4396
    @augustineboruvka4396 Год назад +91

    Successful investing is hard work because it means disciplining your mind to do the opposite of human nature. Buying during a panic, selling during euphoria, and holding on when you are bored and just craving a little action. Investing is 5% intellect and 95% temperament.

    • @cliffordmatthew2789
      @cliffordmatthew2789 Год назад +2

      We have learnt in investing journey that you can't control the market but you have the power to control your actions in the market

    • @natalieattkisson7997
      @natalieattkisson7997 Год назад +4

      @@cliffordmatthew2789 It's important to have patience in order to build wealth. In fact, patience might be one of the most important factors in lnvesting.

    • @natalieattkisson7997
      @natalieattkisson7997 Год назад +1

      @@cliffordmatthew2789 Sometimes we're the only ones stopping ourselves from moving forward b/c of our emotions. With a strong-willed mindset, anything is possible.

    • @davidbjorn8891
      @davidbjorn8891 Год назад +1

      @@natalieattkisson7997 I have been thinking about how to grow my reserve by 100% or more within months. I will be grateful if you can give tips or anything on how to make good market picks and how I can get my portfolio diversified and balanced in order to meet up my targe

    • @deannagimenez1744
      @deannagimenez1744 Год назад +2

      @@davidbjorn8891 Think long term, personally i ventured into the market so i won’t be stranded after i retire. A colleague of mine introduced me to CFA " HELEN EUGENIO TORRALBA " who drew out retirement plans and they all aligned with what i wanted and had to pick one plan and with her exit and entry strategies on commodities , securities and digital assets, my portfolio has really been diversified with good ROI. I am really impressed by how much i have achieved

  • @YTDataAnalyst
    @YTDataAnalyst 2 года назад +373

    Looking forward to acquiring ASX stocks what do you think

    • @Pauldonald21
      @Pauldonald21 2 года назад

      Traded ASX some years ago but i must say US stocks are vry much okay and of higher value with quicker gains.

    • @kathleenstoner.n7499
      @kathleenstoner.n7499 2 года назад

      I too will advise u check US stocks u can get a registrd exprt to do the tradings for u or See *Sandra Yvonne Webster* on the nets she's registrd & vry good. Do your own research.

    • @dr.karidouglas1312
      @dr.karidouglas1312 2 года назад

      She was here in Sydney for a seminar. Great speaker, full of humor and rhetorics too. Lol!

    • @Thompson7888
      @Thompson7888 2 года назад

      True being on oil & gas for years

  • @Reejix
    @Reejix 2 года назад +97

    "Protect your wealth and cure your illness with charity." Imam Ali (AS)

    • @TheNetworkViking
      @TheNetworkViking Год назад

      😍😍😍😍😍😍Janam Fidai Haidari... Greatest advices from the master of Believers!

  • @aliabdaal
    @aliabdaal  2 года назад +136

    If you enjoyed this video, you might like my weekly newsletter, where I share actionable productivity tips, practical life advice, and high-quality insights from across the web, check it out here: go.aliabdaal.com/subscribe-sundaysnippets

    • @masternobody1896
      @masternobody1896 2 года назад +10

      its not about how much money you make its how about how much money you keep and how much you give - rich dad

    • @meandmy9745
      @meandmy9745 2 года назад +5

      Yur speaking tooo fast... Please thora kam speed se bolei ta k audience ko kch samjh b ay. Most of the people have that ability to listen n understand fast words. but some of them dont have. I hope ull think about it.

    • @poisson6673
      @poisson6673 2 года назад +2

      Next vid suggestion:
      *How productively study for logical reasoning based competitive exams like JEE ADVanced and stop talking about active recall,spaced repetition which only applies for easy memory based american medical exams for noobs....I mean JEE adv is smthg of another level*
      Wasted my time nd money on that skillshare course of his [how to study for exams]...mybadd...ended up with perfectionism,analysis paralysis,etc and that the methods discussed only apply for memory based exams

    • @altArchitecture
      @altArchitecture 2 года назад +1

      Not a bad idea!

    • @Juduh
      @Juduh 2 года назад +2

      Romans 10:-108But what does it say? “The word is near you; it is in your mouth and in your heart,” that is, the word of faith we are proclaiming: 9that if you confess with your mouth, “Jesus is Lord,” and believe in your heart that God raised Him from the dead, you will be saved. 10For with your heart you believe and are justified, and with your mouth you confess and are saved.

  • @jettyung2389
    @jettyung2389 2 года назад +317

    Paid off my students loans early putting as much as I could afford from my salary into it, and just as Ali suggests with his mortgage example, it is not the best thing to do at all, but the emotional value of having that weight off your shoulders just gives me peace. In the end, I just want peace.

    • @angeldeschain0
      @angeldeschain0 2 года назад +18

      In the end, you are buying freedom, and freedom is a subjective matter. Congrats

    • @charisginn6932
      @charisginn6932 2 года назад +33

      Same!! I took out student loans my first year and then worked my ass off to pay them down while still in college. It would've been much "smarter" to wait since they weren't accruing any interest at all...but graduating debt free was an amazing feeling and 100% worth it.

    • @marthaayalew2505
      @marthaayalew2505 2 года назад +3

      Am trying to figure out to pay off or invest since what o saved is equivalent of how much I owe! Lol
      Regardless u did great debt is debt.

    • @britneyferndx763
      @britneyferndx763 2 года назад +2

      @@marthaayalew2505 i wouls say invest half and pay off the other half that way you done have to decide too much

    • @marthaayalew2505
      @marthaayalew2505 2 года назад

      @@britneyferndx763 good idea! Thx

  • @shantanusinghjhala4452
    @shantanusinghjhala4452 Год назад +98

    Bro this is my first ever comment on you tube....generally I see videos on 1.5x or 2x speed...but because of your speed I saw this video at 0.75x...but nice work bro👍

    • @andersonlelis6994
      @andersonlelis6994 Год назад +5

      Same here! First time I’ve used 0.75x 😂
      Very nice content!

    • @juleswifey6003
      @juleswifey6003 10 месяцев назад +3

      Never thought to do that with Ali. Lol😅

    • @7february2013
      @7february2013 9 месяцев назад

      Same here! 😂

    • @VedavyasRS
      @VedavyasRS 9 месяцев назад

      LoL 😆 you're right bro 🤣

    • @jagdishdhami2838
      @jagdishdhami2838 9 месяцев назад

      ​@@juleswifey6003😊

  • @teegnas
    @teegnas 2 года назад +69

    I have read the book and listened to the audiobook on audible ... but I gotta say that this is the best summary of the book on the internet if anyone is looking to reinforce the learnings from the book

    • @atanasfit
      @atanasfit 2 года назад +1

      Totally agree, Sangeet! Such condensed information and structured in the right way.

    • @matthewrk84
      @matthewrk84 Год назад

      Is it still worth reading the book having watched this?

  • @morganlulu
    @morganlulu Год назад +5

    I love that he talks fast and what he says contains no fluff. THANK YOU ALI! I actually am listening and absorbing information.

  • @lenarindegard1203
    @lenarindegard1203 2 года назад +9

    I love how fast he talks yet is so clear:). Love his videos! Always great content.

  • @JacquiMwangi
    @JacquiMwangi 2 года назад +23

    Ali your videos are always insightful, practical and delivered with no fluff! 🙏🏾

  • @fahanibrahimhashi
    @fahanibrahimhashi 2 года назад +33

    Love that you discussed the emotional side of personal finance

  • @joydeepbhattacharjee3849
    @joydeepbhattacharjee3849 2 года назад +33

    psychology of money was gifted to me by my wife on my birthday. It is the best book that I have read in recent years. I truly agree with the base assumption of the book that at a personal level money is about psychology, discipline and grit and not about formulas and maths.

  • @npvishwajith3398
    @npvishwajith3398 2 года назад +79

    I just finished reading it yesterday. One of the best books about money everyone should read.

  • @wilsonjudson1650
    @wilsonjudson1650 2 года назад +242

    The wisest thing that should be on every wise individual's list is to invest in different stream of income and don't depend on the government to bring in money especially now the pandemic is hitting the economy

    • @fredrickconte6270
      @fredrickconte6270 2 года назад

      you are definitely right , waiting on the government is a big waste

    • @wilsonjudson1650
      @wilsonjudson1650 2 года назад

      Investments are the stepping Stones to success especially if you been guided by a professional

    • @williamjohn1374
      @williamjohn1374 2 года назад

      Investing is good but investing in the right thing is the actual key to success . who is your pro ?

    • @wilsonjudson1650
      @wilsonjudson1650 2 года назад

      That was exactly what I did, I trade with a professional stock expert "VIVIAN KLAINE MORGAN " who i met in one of the seminars..

    • @wilsonjudson1650
      @wilsonjudson1650 2 года назад

      There are so many investment out there but if profits must be considered then not all investments are good to go into.

  • @JeffreyFay
    @JeffreyFay Год назад +15

    11:05 I think this was such an important point and I can’t believe how briefly you covered it!

  • @thecliche3467
    @thecliche3467 2 года назад +10

    Dude, love you videos, just came across the channel over the last week, and love it. especially these Book Club vids, as an avid reader myself, I do think that 80% of the messages within a self help / progress book can be conveyed in 15 minutes, so loving this form. well done man.

  • @NewSaltH2o
    @NewSaltH2o 2 года назад +52

    Wow all I can say is that advice is spot on. I am 50ish 100% debt free, no mortgage, paid for basic vehicles and work a job I enjoy. You are absolutely correct on every point you have made. My time is free to do whatever I want because I’m not tied to any debt. Thank God I learned the lessons you are talking about early. Your content is well made and very helpful. Keep up the good work!

    • @mikegregors3876
      @mikegregors3876 Год назад

      Your living the dream , i work my hardest to achieve this lifestyle when I am between 40-50 .

  • @pnwmax
    @pnwmax 2 года назад +8

    new to the channel and here for 2022. love how you share useful and necessary info and so simply that everyone can get at least something lasting from each of these.

  • @geniusidea9038
    @geniusidea9038 2 года назад +10

    I'm currently living with my parents and I disturb them all day by telling what I read everyday . I think unknowingly it is a great way to remember what you read. And now I’m currently about 80% through "Playbook to Millions by Grant Cardone. I have read a lot of entrepreneurial books and self improvement books, and this book is my absolute favorite. This book is extraordinary and really gets you to work extremely hard toward your goals in life and succeed at multiple different areas like personal finance, business and career. This is an absolute must buy if you need a push to get you going in business or you want more out of life.

  • @Hamza97
    @Hamza97 2 года назад +77

    nice video Ali but I heavily disagree with these slow lane tactics. The best way to wealth isn't savings or investing in index funds, it's exploding your income through a business. Everyone who makes a good amount from investing starts with a huge income much higher than the population. Get to $10,000 PER MONTH first, then think about investing.
    And if you're young and don't have too many responsibilities then it's best to invest in higher risk like bitcoin and eth rather than stocks, imo. Explode your wealth in your 20s, maybe 30s, become financially free and then put it all into safe, slow, secure investments after that.

    • @jordanroberts2929
      @jordanroberts2929 2 года назад +12

      You're right but you do need a certain percentage of your income invested in slow lane tactics like index funds so you can guarantee a decent retirement. The younger you start the better since compound interest will do the heavy lifting. Even if this means investing just 10% every month into safer investments. But yes invest in yourself and build skills to get to 10k/mo then in your biz to get it to 100k/mo and then worry about other investments from there.

    • @aurimasbutkus7294
      @aurimasbutkus7294 2 года назад +2

      I agree that you won't you make the money you desire by investing in securities with 8% or less annual return, when you are 20 and making 2k a month. But by investing at least 100 or 200 dollars a month builds a habit and increases your knowledge on investing and makes you less likely to lose money and more likely to get better returns later on, when you make 10k a month. On the other hand i agree that while being young most of the money should go to education and self improvement, because that compounds like no other investment.

    • @greenbionomy4340
      @greenbionomy4340 2 года назад +2

      Good point. It seems like the slow lane approach is really the most promoted one. To be honest, before reading "the millionaire fast lane", the slow lane tactic was my plan. It's funny how you can learn every day and change your paradigms.

    • @artifica2
      @artifica2 2 года назад +1

      Saving isnt the best but still worth it by not falling into thinking spending will make you happy and if not skimping on your health

    • @mirabella2154
      @mirabella2154 2 года назад +2

      That's bullshit.

  • @WarMatt86
    @WarMatt86 2 года назад +65

    "Some people are so poor, all they have is money." - Patrick Meagher
    Love Lesson 7 ✌

  • @sbuciec4609
    @sbuciec4609 2 года назад +19

    I wish this guy was my teacher at some point in my life. Fast, straight to the point but retained my undivided attention for 16 mins straight and I grasped everything he said😂💯

  • @felixomoro9450
    @felixomoro9450 8 месяцев назад +6

    I loved the part where you said that; Your wealth is counted in the money that you have not yet used.

  • @AndrewEthanZeng
    @AndrewEthanZeng 2 года назад +52

    The fact you did not go down the Dubai tax haven route to instead choose a “simpler” life with friends and family speak volumes about your great character Ali! So much respect ☺️

    • @williamjames2026
      @williamjames2026 2 года назад

      Great post.
      I just received my withdrawal from stock and forex trading while viewing this video.

    • @clintonjerry7910
      @clintonjerry7910 2 года назад

      Learning a good trading strategy can make anyone consistent profits and withdrawal from the stock markets. I made 6 fig today from the financial markets.
      I use First Trade Markets what about you?

    • @williamjames2026
      @williamjames2026 2 года назад

      FTM - First Trade Markets is a very popular broker

  • @tshego_ceodesk
    @tshego_ceodesk 2 года назад +3

    Morgan Housel was a guest speaker at the CFA South Africa conference this year and I loved his insights and had a mental note to get the book. Now you've convinced me to buy the book and read it over my December leave since I always do personal finance mindset refreshers for my overall life planning. Fantastically done Ali! Thanks

  • @n_kennedy3015
    @n_kennedy3015 2 года назад +2

    I watch a lot of your videos, and I should say this is the best video among your other videos. Seriously love what you're doing and keep on!

  • @romelindareyes7337
    @romelindareyes7337 2 года назад +174

    Putting our time and effort in activities and investments that will yield a profitable return in the future is what we should be aiming for

    • @kelvinl.3875
      @kelvinl.3875 2 года назад

      👌

    • @kelvinl.3875
      @kelvinl.3875 2 года назад

      A great work demands a great sacrifice.

    • @benildabituin1531
      @benildabituin1531 2 года назад

      Speaking about investing, I have been finding a hard time choosing what to invest on, anyone with ideas to help me with?

    • @colegaligger7072
      @colegaligger7072 2 года назад

      @@benildabituin1531 I'm into real estate investing

    • @colegaligger7072
      @colegaligger7072 2 года назад

      Real estate lets people grow their net worth by amassing more properties. Its a good long term investment idea due to appreciation

  • @abigailchiu
    @abigailchiu 2 года назад +4

    I love your book club series the most out of all your content series! Keep the wonderful summaries coming

  • @lmkestep
    @lmkestep 2 года назад +7

    Very inspiring and good reminder to be thankful for what we already have! Thank you Ali.

  • @taurustreasury
    @taurustreasury Год назад +4

    Your review perfectly captures the essence of this book. It's a must-read for anyone interested in personal finance.

  • @jackwyatt9649
    @jackwyatt9649 2 года назад +41

    It’s easier to make money now, investors should make more practical moves this coming year and seek guidance where needed since the future is unknown. Stocks with solid operational performance and financial strength, should be considered .

    • @joerobert1801
      @joerobert1801 2 года назад +3

      Investors should anticipate the factors that impact portfolio performance and make decisions based on their expectations.

    • @noelstout3056
      @noelstout3056 2 года назад +3

      I think it’s best for investors to play it safe, No one can say what how the stock market will turn out this year. I bought some stocks I expected to do better but they didn’t.

    • @seanroger6954
      @seanroger6954 2 года назад +3

      @@noelstout3056 you should probably make adequate research on stocks before adding to you portfolio or seek guidance, my portfolio has grown rapidly with the guidance of my FA Dan Raziel who’s helped added dividend paying stocks with regular income despite market volatility and with Dan at the helms of my trades, there’s been increase in my annual earnings.

    • @rahultoggi4672
      @rahultoggi4672 2 года назад +1

      @@seanroger6954 Someone recommended Dan Raziel on an investment webinar I was on, how has he enhanced your earnings?

    • @seanroger6954
      @seanroger6954 2 года назад +3

      @@rahultoggi4672 Dan has greatly enhanced my earnings with huge capital gains and his trades has been life changing. In my first 6 months, he earned me a trade profit of $116,000 with an investment of $18,000. He constantly help identify lucrative positions to earn from and this has helped cleared all my debt, retirement came early with no regrets.

  • @ShivanS
    @ShivanS 2 года назад +5

    "50 Shades of Grey", the most productive ruler/line guide drawer.

  • @svenoliver6040
    @svenoliver6040 3 месяца назад +18

    Ali is beyond amazing. “How to secure wealth”

    • @svenoliver6040
      @svenoliver6040 3 месяца назад

      Making money is action, keeping money is behavior and Growing money is knowIedge.

    • @svenoliver6040
      @svenoliver6040 3 месяца назад

      I am fortunate I made productive decisions that changed my life forever (accumuIated over a MiI) through my finance-mentor. I'm a single parent, bought my house in January and hoping to retire at 53 by next year.

    • @svenoliver6040
      @svenoliver6040 3 месяца назад

      sear ch the name, lf you care.

    • @svenoliver6040
      @svenoliver6040 3 месяца назад

      *Rebecca Martin Watson*

    • @gabytrumbull7880
      @gabytrumbull7880 3 месяца назад

      im amazed to partake on this, lt has rekindled the fire to my goals..

  • @allbymyself4927
    @allbymyself4927 2 года назад +9

    I am currently reading this. I love the kindness undertone, the i understand tone of a friend, judgement free zone. It has helped to encourage me to save more.

  • @mahipalsingh9361
    @mahipalsingh9361 2 года назад +4

    This is correct because I had a mortgage on my house and I worked twice as hard and cleared that and to tell you the truth it feels quite good. And once I did that I found out that the sources of income stayed with me and now I can save them and put them in right place.

  • @BusinessAuthorAcademy
    @BusinessAuthorAcademy 2 года назад +22

    As a money book writer, I liked the pointing out that you need to have limits in place. In my book, I talk about greed (the HIH scandal) and how our emotions rule our money decisions more than we think.

  • @ChrisInmanDrums
    @ChrisInmanDrums 2 года назад +4

    I needed this! Going into the new year with a renewed focus on getting good with money (not that I’m the worst, but…). Want to invest loads into this channel and for that I need 💰💰🤷🏻‍♂️ Gonna get this book to read in full. Thank you man 🙏🏼

  • @Emily-jw1wj
    @Emily-jw1wj 2 года назад

    I really adore how fast you talk. People ask me to stop talking so fast all the time. But if I slow down I lose my train I thought.
    Not sure how I subscribed to your channel but I'm glad I did. Thank you

  • @numberoneappgames
    @numberoneappgames Год назад

    The love the candid and open discussion on money in this video. It was definitely worth the watch.
    😊💜

  • @chikaadiele3155
    @chikaadiele3155 2 года назад +19

    Lesson 1, 9, 10, and 12 were my favorite when I initially read this book. Understanding that who you are and where you are from and your relationship around money will impact your finances. It’s made me much more compassionate towards others. Not to mention, people think I’m crazy when I tell them my dream car is affordable, has a good stereo system, low maintenance, and is good on gas. No range rovers or Ferraris for me! 🤣 Emotions play a big role in finances.
    This is a book everyone should read honestly! I loved hearing your insights since you focused on points in way I hadn’t thought about before. Sharing this with my book club friends. Thanks!😁

  • @user-cd6ny9yp9y
    @user-cd6ny9yp9y 2 года назад +148

    People who give up in life are people who lose in life, my first experience happens to be a failure but I never gave up cause I knew it was going to work out for me trying continuously, fortunately I'm smiling today by getting involved in investment.

    • @jephasonaderson5596
      @jephasonaderson5596 2 года назад +1

      Profitable Investment one can do convenantly at this moment are

    • @jephasonaderson5596
      @jephasonaderson5596 2 года назад +1

      : Estate
      : Share
      : Stocks market

    • @cedricjiosh6935
      @cedricjiosh6935 2 года назад +2

      Forex trading is really profitable, investing in it now will be the wisest thing to do especially with the current rise in bitcoin

    • @desmondlius7643
      @desmondlius7643 2 года назад

      @@cedricjiosh6935
      you're right
      Forex trading is surely a lucrative way to invest whether you want growth, leverage, stable income or something in between.

    • @tressygibson7198
      @tressygibson7198 2 года назад

      Obviously often times we just look for what to invest in and usually encounter these problem. It's either the money is too huge for what I want to invest or it could require more than expected

  • @rg1283
    @rg1283 Год назад

    This is absolutely the finest financial advice I've seen in RUclips. Thank you

  • @heinfinance
    @heinfinance Год назад +1

    Thank you for making book review videos! I learned many insights from the books just by watching your review video

  • @isabellaharper3493
    @isabellaharper3493 2 года назад +53

    STARTING EARLY IS THR BEST WAY OF GETTING AHEAD TO BUILD WEALTH, AND INVESTING REMAIN A PRIORITY. THE STOCK MARKET HAS PLENTY OF OPPORTUNITY TO EARN A DECENT PAYOUTS, WITH THE RIGHT SKILLS AND A PROPER UNDERSTANDING OF HOW THE MARKET WORKS.

    • @charleslapson4939
      @charleslapson4939 2 года назад

      Understanding the various phases is critical because it can assist you in preparing and forecasting future price movements

    • @charleslapson4939
      @charleslapson4939 2 года назад

      Cryptocurrency is a very good option if you would like to trade online.

    • @mohammadmurphy3927
      @mohammadmurphy3927 2 года назад

      @@charleslapson4939
      Please enlighten me more about trading

    • @mohammadmurphy3927
      @mohammadmurphy3927 2 года назад

      I heard there are Expert who knows how to forecast the 📈 very well.

    • @charlottegomez5279
      @charlottegomez5279 2 года назад

      Because a lot of investors are confused about how the traders use their money

  • @DrPatrickKingsep
    @DrPatrickKingsep 2 года назад +4

    Hey Ali, Thanks for being so refreshingly honest and real. I found you via David Perell with him recommending your Part-Time RUclips Academy.. I missed the deadline for this cohort but I signed up for your waitlist. In the meantime, I thought I might just check out your actual YT channel to see who this Ali is. My goodness, your good. I came here looking to see whether I could learn something about your style....but before I could, your content certainly grabbed my attention. To think, I just came to see your style, so as to prepare me for joining your YT program, but your great content piqued my interest too. Thank you!

  • @The-prosperity-Hub
    @The-prosperity-Hub Год назад +1

    Hey Ali. Tnx for an amazingly elaborate review of The Psychology of Money. You summary is so precise but covers all aspects of this books. I hate listening to king speeches and videos and I have to say you made it so interesting for on to listen and grasp the lessons as I’m currently reading the book and enjoy listening to reviews after every reading chapter. 🌹

  • @MariyaKapasi
    @MariyaKapasi Год назад

    Hi Ali, I truly enjoyed this video. I enjoy a lot of the content you put up but this video I particularly enjoyed for the art direction. I thoroughly enjoyed reading the book and the way your video is filmed actually makes me feel like I am sitting with a friend sharing about a book I enjoyed reading.
    PS My friends and I have a tiny book club and I look forward to BookClub Saturdays!

  • @YoshiGO71
    @YoshiGO71 2 года назад +6

    Looking forward to see more books summary. Great advices and good video quality 👏

  • @khalilahd.
    @khalilahd. 2 года назад +14

    I just wanted to say your journey in medicine inspired me to make my own RUclips channel documenting my journey so THANK YOU!! You always have incredible life tips and even though your no longer pursuing medicine I know that there are still so many things I can learn from you. I love your content and I’ll continue to me a loyal subscriber ❤️☺️

    • @ismynamemoyo6743
      @ismynamemoyo6743 2 года назад +1

      Subscribed
      Good luck 🤞🏿

    • @khalilahd.
      @khalilahd. 2 года назад

      @@ismynamemoyo6743 thank you so much ❤️

    • @poisson6673
      @poisson6673 2 года назад

      Next vid suggestion:
      *How productively study for logical reasoning based competitive exams like JEE ADVanced and stop talking about active recall,spaced repetition which only applies for easy memory based american medical exams for noobs....I mean JEE adv is smthg of another level*
      Wasted my time nd money on that skillshare course of his [how to study for exams]...mybadd...ended up with perfectionism,analysis paralysis,etc and that the methods discussed only apply for memory based exams

  • @terrid6349
    @terrid6349 Год назад

    I like the fact he speaks quick and gets to the point.

  • @abdellahalaouimhammedi3084
    @abdellahalaouimhammedi3084 2 года назад +2

    One of my favorite books , a must read for everyone interesting by financial freedom

  • @andrewgiang7521
    @andrewgiang7521 Год назад +3

    Sounds like an amazing book. Funny enough, a lot of these I have already shared same values. But hard to find like minded. Glad to see there must be many who share these goals

  • @parisjones9328
    @parisjones9328 2 года назад +3

    Excellent recap! My boss read this book and I think it was lost on him and he didn’t recommend it. I’m definitely going to pick it up now!
    Love how your priorities have shifted over the time I’ve watched and reminds us all that money doesn’t have to change people for the worse. Great stuff Ali thank you

  • @PhilippayFiasco
    @PhilippayFiasco Год назад

    The lesson of being reasonable over being rationale is perhaps the one that spoke to me the most. Awesome video!

  • @mvanwie
    @mvanwie Год назад

    Goes to show the prominence of financial education, help and advice. Definitely adding to my collection

  • @hopeinparis
    @hopeinparis 2 года назад +17

    There's a ton of important ideas in this video and I suggest, even to native Engish speakers, to use the settings to slow the speed to 75% : this will greatly increase your ability to truly assimilate the information. Thank you for a good post, Ali.

    • @NataliaNNS
      @NataliaNNS Год назад

      When the video started, I checked my settings to see if I’d accidentally chosen 1,5 or 1!75 speed 😅

  • @VoicesofAncientEgypt
    @VoicesofAncientEgypt 2 года назад +37

    While these points aren’t totally new to me, hearing about them this way makes them great reminders to stay on the path. As my business has changed, it has definitely changed money behavior and ideas, so it’s great to be reminded of these things and recenter myself.

    • @Juduh
      @Juduh 2 года назад +2

      Repent, trust, and believe in Jesus and be saved. To repent means you confess your sins (the acts and thoughts that are wrong according to God and His Word) and ask for forgiveness with sincerity. Once you do this, strive to no longer do those wrong/sinful things, but do what is right according to God’s Word. It’s not by doing good things that you are saved but by trusting and believing in God and His grace/mercy. John 3:16-17 For God so loved the world that he gave his one and only Son, that whoever believes in him shall not perish but have eternal life. For God did not send his Son into the world to condemn the world, but to save the world through him.

  • @reubenjedidiahchipemba1608
    @reubenjedidiahchipemba1608 Год назад

    Thank you for sharing these lessons, they have actually changed my all views on the psychology of money. Thank you.

  • @tanmaymiddha1988
    @tanmaymiddha1988 2 года назад +1

    What a brilliant video, simplified the learnings so much.
    Thank you

  • @keltz5028
    @keltz5028 2 года назад +4

    Many on RUclips summarizing this book… best is yours. You captured the points well and explained it clearly. Could have done away with background music and playback speed slowed to 0.75

  • @katelynrenesse4798
    @katelynrenesse4798 Год назад +57

    The psychology of money is my favorite read, reading it gave me the nudge i needed to start investing and thank God i did because i have been going all out from the s&p rise, i was one of the few people to hold when the stock was plummeting, now i have close to 2 million in my portfolio. huge props to my CFA James Fletcher Brennan who handles my portfolio, he's the only man i know that's richer than me, haha

    • @clairefrewman1456
      @clairefrewman1456 Год назад +1

      impressive, i just looked him up, will definitely work with him

    • @jerryscotfield6913
      @jerryscotfield6913 Год назад

      after seeing this, i must say this is the inspiration i need to get in on this, by the way, out of curiosity i checked your FA James Fletcher Brennan and his resumé is something i can work with, although i have one question...does he work on commission?

    • @walter.dlawson2580
      @walter.dlawson2580 Год назад +1

      love this!

    • @katelynrenesse4798
      @katelynrenesse4798 Год назад +1

      @@jerryscotfield6913 yes he works only on commission

    • @jerryscotfield6913
      @jerryscotfield6913 Год назад

      @@katelynrenesse4798 thanks for the tip, you've surely made my day

  • @cosmasmbah5358
    @cosmasmbah5358 2 года назад

    Thank you so much! This is one of the most Amazing videos I've watched in a while.💙

  • @AbacusAxolotyl
    @AbacusAxolotyl Год назад

    I’ve watched so many of your videos and only recently realised that you always dynamical enter the video in some way and it’s brilliant 😂

  • @Richardsondx
    @Richardsondx 2 года назад +7

    I loved this book! :) This is one of the best book on finance I read last year. I read it 3 times - The audiobook is also great by the way

    • @busembertiz7372
      @busembertiz7372 Год назад

      The book was very shallow. If u liked that book that means u haven't read financial books enough.

  • @LearnwithMamun
    @LearnwithMamun 2 года назад +13

    Ali, you're the inspiration of thousands young RUclipsrs.

  • @richardalliers4651
    @richardalliers4651 2 года назад +1

    You are an inspiration and I loved this video so much. Please keep up the great work! I am reading and practicing all that you teach.

  • @baycas
    @baycas 2 года назад +1

    Great review! I just finished reading the book last night and I couldn't agree more with your statement.

  • @Ahem2002
    @Ahem2002 2 года назад +3

    making money (offence) and saving or conserving money (defence) are opposite moves. I think they come together, so you can't be offensive/defensive all the time in financial management, it needs to be both.

  • @jessopedia-J
    @jessopedia-J 2 года назад +5

    "This is enough " my favorite...thanks Ali for this great video 👍

  • @LifeOfFahimFaysal
    @LifeOfFahimFaysal 2 года назад +2

    Extremely valuable information! Can't thank you enough for creating and sharing this video. :)

  • @nsivils81
    @nsivils81 9 месяцев назад

    Normally I listen to RUclips videos at 1.5 speed but you did great. Just my speed! great content, i subscribed! Looking forward to learning more!

  • @mo-hammadabunaser1367
    @mo-hammadabunaser1367 2 года назад +6

    Generational wealth, that's the goal. Thanks for the video, seems like a great read.

  • @totti9521
    @totti9521 2 года назад +14

    One thing is to acquire wealth, another is to maintain it. There's so much work in keeping a stable financial state

    • @nkpapi989
      @nkpapi989 2 года назад

      Reading about people grabbing multi-figures monthly as incomes in investments even in this crazy days in the market, any pointers on how to make substantial progress in earning?? I would appreciate

    • @howeross336
      @howeross336 2 года назад

      @@nkpapi989

    • @karimdarcy5533
      @karimdarcy5533 2 года назад

      @@howeross336 It's great to see someone talking abt Jennifer, trading alone can be very dangerous, I can attest to that. This woman was a game changer for me. Access to good information is what we need to get ahead financially in life.[..

    • @udell7175
      @udell7175 2 года назад

      @@nkpapi989 It’s Simple to reach her through her telgram page with the name.).

    • @udell7175
      @udell7175 2 года назад

      @@nkpapi989 Which is Irishfortune

  • @shanthi3152
    @shanthi3152 2 года назад +1

    I thought I’m playing this video in 2x speed , later understood it’s in normal speed . Great !

  • @grafxdesigner93
    @grafxdesigner93 2 года назад +2

    Excellent read. Been recommending this book to a lot of folks.

  • @evansvan5748
    @evansvan5748 2 года назад +7

    Successful people don't become that way overnight. Most people you see as glance wealth, a great career, purpose is the result of hard work and hustle over time. I pray anyone who reads this will be successful in life

    • @puntocripto3216
      @puntocripto3216 2 года назад

      After watching so many RUclips tutorial videos about trading I was still losing

  • @heckyesitsjess84
    @heckyesitsjess84 2 года назад +2

    Thank you so much for helping me read this book without reading this book. Great overview.

  • @fuadfusm
    @fuadfusm Год назад +2

    Ali, I want more and more this type of videos from you. ❤️

  • @joannereyes1358
    @joannereyes1358 2 года назад +1

    That's really an enlightening book and you were able to explain the whole gist of the book in this video. :)

  • @SuccessWithSam
    @SuccessWithSam 2 года назад +3

    Ali’s transparency and honesty has really motivated me to live my truest life.. whether he is a doctor or a youtuber.. his insights are priceless 👏🏽 🚀 🌙

  • @VoicesofAncientEgypt
    @VoicesofAncientEgypt 2 года назад +3

    Love how you work in cameos for Twilight on the regular 🤣

  • @edodoc
    @edodoc 2 года назад +1

    Amazing Value from the video! I've read the book two times and your video sum up all the key features! You are as always a truly inspiration! Thank you Ali, love from Italy🇮🇹

  • @guojiaoshan5523
    @guojiaoshan5523 2 года назад +2

    Thank you Ali for the great video, really learned a lot from you, and right now still in a process of reading the book you recommended, show your work!---it encourages me to continue to write and I really enjoy doing that, slowly, see how to transfer it to money, have a great day Ali!

  • @PenandPaperScience
    @PenandPaperScience 2 года назад +29

    Money should be the tool that allows us to live a life of unobstructed self-expression., i.e. taking care of the basics. Having said that, most people overestimate how much money is needed for that.
    Keep it up♥

  • @popsarah7805
    @popsarah7805 Год назад +30

    At first I was scared,I started with 500 dollars but now am making profits with her. All thanks to her and her great methods.

    • @popsarah7805
      @popsarah7805 Год назад +3

      Her availability is open on (Face book) 👇

    • @popsarah7805
      @popsarah7805 Год назад +3

      (Margaret Tahoma) 😊

    • @popsarah7805
      @popsarah7805 Год назад +3

      Investwithmagaret

    • @lovecricket6736
      @lovecricket6736 Год назад

      My biggest regret was not investing into Bitcoin when my friend introduced me to Bitcoin in 2014

    • @markaustin5229
      @markaustin5229 Год назад

      I agree, I invested in shiba coin and BTC last year and now I am bullish

  • @UPrym
    @UPrym Год назад

    after reading this book I then realized he put's much effort in to this work. Well done

  • @siddarthrock
    @siddarthrock 2 года назад +1

    The thing with the mortgage was really awesome, being stress free is > having more money!