How They Programmed You To Be Poor
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- Опубликовано: 4 июн 2024
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0:00 Introduction
0:19 Most people believe this...
3:27 Thanks to BetterHelp
04:29 It all stems from here...
07:06 But most people get this wrong
10:14 How it gets worse everyday
12:54 How to reprogram yourself
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All opinions expressed by Vincent Chan are solely Vincent Chan’s opinions. You should not treat any opinion expressed by Vincent Chan as a specific inducement to make a particular investment or follow a particular strategy, but only as an expression of his opinion. Vincent Chan’s opinions are based upon information he considers reliable, but does not warrant its completeness or accuracy, and it should not be relied upon as such. Vincent Chan is not under any obligation to update or correct any information provided. Vincent Chan’s statements and opinions are subject to change without notice.
Past performance is not indicative of future results. Vincent Chan does not guarantee any specific outcome or profit. You should be aware of the real risk of loss in following any strategy or investment discussed. Strategies or investments discussed may fluctuate in price or value. Investors may get back less than invested. Investments or strategies mentioned may not be suitable for you. This material does not take into account your particular investment objectives, financial situation or needs and is not intended as recommendations appropriate for you. You must make an independent decision regarding investments or strategies mentioned. Before acting on information, you should consider whether it is suitable for your particular circumstances and strongly consider seeking advice from your own financial or investment adviser.
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Thank you Vincent.
amazing video
You're a Robert Kiyosaki believer.
Suddenly, I simply MUST have a Mr Magic Lamp!
I remember a student wrote a proposal that public schools require financial literacy classes only for it to be voted down by the board. They don’t want us to fully understand how money works.
I was fortunate enough that my high school offered financial literacy as an elective. It was one of if not the most important and applicable classes I took. I cannot recommend it enough if the opportunity is there.
Please consider joining local level politics
Who will work the base triangle lower job ??? This is economy
@@xykota6692 Exactly.
A parallel tactic is that Civics are no longer taught in public school to keep you in the dark as well.
The reason why financial literacy is not taught in schools is because the point of school is not to make students financially free but rather to turn them into good little slaves. Also with the current cost of living it is very hard for the average person to build wealth because we have less time and less money. Americans currently are working more hours and earning less money than generations before us.
I think people become slaves because they worship money. Also, imagine 100% of population become investors. The whole society will collapse because nobody provide services and nobody make good. No food, security, doctors etc. The true wealth is not measured in money but 99% people worship money so they don't care.
DONT SPILL THE Secrets of the rich bro🤨
which generations? your grandparents and everyone before worked way harder than you do and more hours too (on average of course)
@@SonoftheWest316source? That is statistically untrue. Cite your supposed source.
@@SonoftheWest316 Even if it's true, why does that remotely matter? Those people are all dead now.
In school, there's only one right answer. In life, there are many right answers.
Though I understand your point, I don't think that's necessarily true. In school, there are many subjects where there isn't only one right answer. History (going beyond dates because different historical perspectives are important), science (multiple theories can exist at once), sociology (going back to perspectives), health (multiple causes for a specific health related issue), even certain types of math.
I think some people sadly get an education that is restricted by the resources and community it's limited to, but school and education itself can reflect life and isn't always so straightforward.
Choices and adaptation is part of life.
Only in math.
Our art teacher used to say there are no right or wrong answers.
@@Arri7979can't make it obvious of course. Also in history and science there is so much incorrect, outdated and whitewashed information.
Forgot to mention the way people behave when they do get money. I’m Mexican-American born to Mexican immigrants and a lot of my peeps have an attitude problem, they behave and act rich, when they’re actually poor. They go out of their way, and empty their wallets to buy useless crap to impress other people (people that don’t give a damn about them). I know this because I have it in my family, some people want to live the “Scarface” “mafioso” “drug trafficker” “billionaire” “El chapo” lifestyle… SHUT UP, YOU’RE BROKE!!! But the thing is they make this their priority (even if the child goes hungry, I’ma get my Jordans) (you won’t catch me dead wearing Wal-Mart pants or shoes 😩) Expensive houses they can’t afford in neighborhoods they don’t belong in (buy yourself the land on the shady part of town or out in the rural areas then slowly build on it 🤷🏻♂️) buying expensive cars they literally can’t afford (buy yourself an old pickup truck, I’ve literally bought old cars on Craigslist for less than $3,000… it’s not a BMW, but it gets me places to make money)(my welding rig was a ‘97 Ford-350 with a 1982 Lincoln 200 welding machine, coworkers called it “Fred Flintsnone’s truck” 😂 😂😂 laughing I would tell them 😂 ”IT’S MAKING ME $6,500 A WEEK, HOW MUCH IS YOUR TRUCK MAKING YOU??”😂😂)
From my experience, my uncle loves buying expensive things. Jordans for his son, a new Chevy Silverado, and money to blow at the casino. This man works as a blue collar painter. Its so bad, his wife has to hide money sometimes
Much respect. You, Sir, Are Stealth wealth!
Carry on.
I like how you think!!👍🏾😂😊
FACTS
“Money is very simple. It’s just been made over complicated by people who are trying to get it from you.” Grant cardone
Dang, that's deep fr. No sarcasm, thank you.❤
I took a personal finance course in high school, which my school counselor greatly discouraged. She said I would be better off with taking an elective such as continuing my education in history, science, or English when I had told her my goal was to work in finance. I didn't listen to her and I think it helped place my finance knowledge well above my peers.
I feel the government and economy benefits from people being in debt and living paycheck to paycheck so they have no incentive to educate the public.
It's honestly a requirement. You need people to work and produce things and people to work for companies, they teach you all the math and everything you'd probably forget in 5 years but they don't teach you how to use money or how to increase it. That's just how the world turns. You got the high class who employ the medium class who create services and manage the lower classes who work for low wages in office jobs, production, and other things.
Without the high class and their money, there wouldn't be jobs or buildings able to create products. Without the medium class, the low class wouldn't have jobs and be able to work their way up into decent housing with ok living. It's sad that we can't all be rich, but it's a necessity at least until we create fabricators or whatever.
@@Korum211 it’s another reminder that we need to look out for ourselves because few things in life are designed for our best interest
I mean listen to any economics podcast or video and it legit boils down to firms having to sell to households that need to get jobs at firms to buy items from other firms, all dependent on limited resources to satisfy unlimited needs/resources. It's legit a mystery how the economy even works.
Also debt keeps people under water so they have to work.
The government is a business, and the sucker you’re describing is the guy that never quits.
You essentially summed up the content of the book "Rich Dad, poor Dad". Investing my time and money in new tools whas what would eventually kickstart my side-hustle and I prefer putting my resources into that rather than staying late at the office and getting yelled at.
Also, here's an extra tip: Buy a good bed. Quality sleep (and going to bed / waking up at consistent times) is paramount for your productivity.
And a good water filter to remove the chlorine and fluoride damaging your brain
@@mistermoo7602are you sure you read it properly?!? I recognized all the main ideas, not only from Kiyosaki's 1st book, but of all his philosophy including the one for teenagers and their parents!!!
@@questionsroxelane3643 The book is generally regarded as a joke, and several parodies have made their rounds presenting it as self-help snake oil written by a bitter man who desperately wants to believe that any and all disadvantaged people are keeping themselves poor instead of being the result of antagonistic policy.
I recently realized that the programing comes from your very real environment. Its really because you were born in unfavorable positions or are living in unfavorable conditions. There's no point in knowing how to sell like crazy if you're a kid in Latin America who at best can only sell just to pay for basic needs. There's so much that goes into building wealth, but positioning and being able to move close to the money is part of it. ie, if you want to be a rich and famous soccer player you play in Europe.
Edit: So that IS what this video is about huh? Bravo! We're on the same page.
great minds think alike @@highsol222
I don't like when society blames poverty on spending too much when we have a lack of income problem that's the real factor defining your situation (not alone, but it's impossible to ever save to buy a 500 thousand house with cash if you only make 2000 per month in a reasonable timeframe, let alone afford all basic needs).
Yep.The numbers are too big because cash isn't the means of purchasing, debt is.
When the answer is "just borrow it", the seller doesn't have to think about how much the buyers can realistically bring to the table.
Yes. This is the problem. They expect you to pay for a single house for 30 years instead of 5, maximum. Specially a small one. A mansion should require a 30 year mortgage, not a basic 100 sq meter house, many of them don't even have garages here in The Netherlands.@@VRNocturne
If you could pay with cash, they'd have less control over you. Even if you did pay with cash, you'd still have property taxes (in America anyway).
Guys it's simple, real estate has gone up faster than wages. In the 70s you can buy a house for 50g making 25g a year 2x. now it's 10x for house (1 million house with 100g income is not cutting it
@@gregchris418exactly. When the average income in my state is $60k but the average house price is $616k that’s insanely out of reach for most people.
This is life changing if we can get to the younger generations to change their mindset. This is amazing work!
Yeah but like name one thing you learned from this video
thank you foodlover :D always great to see you in here
@@bobby7703 all the main points are split into chapters if you had trouble following it the first time
Charlie Munger has often said, the secret to wealth is not as much about doing something right as it is about not doing something dumb. He's pretty rich because of that.
I've heard the opposite. That those who are wealthy are those that take risks, fail a ton, and succeed a ton.
@@nrknice Taking risks (also known as exploiting opportunities) is not dumb. Taking risks does not mean throwing money at *anything*. It means carefully selecting the right opportunity, and then going all-in. Munger said that, too.
I grew up poor, saw it as an adult for a short time, and choose to never be poor again. ❤👩🏼💻 #softwareEngineer
I made the choice to be a millionaire, just waiting for my money now.
Any tips for learning software engineering?
This video is brilliant. I’ve tried to be an influencer to my kids and nephews, but this is a whole new perspective that I don’t have. I hope this helps those who can hear the message through the noise of culture. Really well said and well done.
thank you so much steve! appreciate it and I'm positive you were a great influence on your kids and nephews
I’m trying too. It’s amazing how they are so influenced by the propaganda. Media has a too big of an influence on them. My own child is renting a home and it twist’s me.
I realized this when i was 24... i worked alot of BS jobs but after that age i started to learn skills on the side like 3D Modeling and Animation. Now at 29 i started a YT channel last year and got to 300k in 11months off those skills. Now im earning good money (12k a month) but to me i feel like i want real wealth. Ima build this up try to spread this money out into other incomes. I remember when i started my whole family had this "go to school, get job" mentalities and around 24 i just said why... we will be poor if we do that.
Your channel has 500 subs, mad cap
@@bagochips1208 this isn't my main channel... the name even says alt. Why would I cap if ppl could just look it up lol
@@bagochips1208 You're right, I'm laughing my ass off! :D
I was taught consumer math and home economics in middle School in the late 80s. Both classes taught budgeting skills. To bad these programs were taken out of schools.
They were not good for economy.
I had a good government/economics class that had us do paper trading over winter vacation. Myself, though, I love crowdfunding loans. By just renting out a friend's room rather than an apartment, biking and bussing instead of owning a vehicle, and avoiding dependents, even a goldfish, I only need 26 hours of minimum wage a week to make ends meet. Everything else, yeah, gets invested.
So true! We start programming our babies from birth. It took me years to mentally break free and do my own thing. To leave the path others built for me. My channel is small but it’s mine, and videos like yours helps me keep thinking outside all the boxes and cut my own path.
2:35 its so interesting. Cause adults in my coutnry always say that its better to be poor first before becoming rich so you know how to spend money or save money or you know how it feels to be poor and so it will prevent you from being poor again.
But i didnt believe that. I believed what you said in here and thank you for putting it into words :)
I am the sole bread winner and the youngest in my family. I am secretly thinking of ways on how to save up because they kinda use up all my money. its a culture thing, so i cant jsut abandon them.
I've always encouraged them to get fit and find jobs but ever since i was young i was told that i will be the one who will pull my family away from poverty. But in this economy right now, its really impossible. They are depressed to and I secretly am but I really needed to step up. I am the only one in the family to finish via schoalrship. most of my older brothers only had 1 yr left but stopedd. so its kinda sad. but I know I will get rich. im too stubborn for this poverty haha :)
But thanks for this video. :)
Sry to tell you this but you have to choose now. Be poor with your family or rich on your own? You can't have the two if your family don't help.
Breaking the cycle of trading my time for money was one of the biggest motivators for me to start my own business. I'm happy to say it's producing an income greater than my salaried job was previously and the upside for it is really uncapped. Of course, this isn't taught in school though as you said, so videos like these are extremely important for sure!!
Being born in America is a blessing and also a curse. That's how I feel it.
It's not a curse, only a blessing. You have so many people who were born poor and became self made millionaires (legally), there aren't too many countries where people can say the same. You can invest in the stock market and get a 10% return....in my country you're blessed if you can get half of that. There isn't even part-time work easily available in my country,,,,we have so many educated people but not enough proper jobs to facilitate them all. But yet I still give God thanks because things could be much worse. You have people like Dave Ramsey that can teach you to become a millionaire if you apply his principles, you can do it :)
Something I really like that you said in this video is changing the words "I can't." to "How can?"
It's often taught that we learn best when we actually ask questions, and by asking questions you create possibilities and curiosity.
Public Education currently fails on this type of critical thinking so much because it's one of the key components to really understanding what is happening in The world around us. Like you said, when the question of "How can?" is asked, you suddenly allow it to branch into possibilities you may not have thought of before and that changes things very greatly.
It is a trap I am trying so hard to get out of and it is too bad I waited until I am almost in my 40's to realize it. I make really good money, enough most people would be more that extatic to have even half of and i am broke paycheck to paycheck like you say. I have very little in bills but I do have 5 kids from 16-3 but it doesn't explain why I am so broke. I have so much to learn. You said so much that I have struggled to find the words for and earned my sub, hopefully between your perspective, mine and other financially literate people's I can break from this "trap" I have caught myself in.
Just refuse to consume, it's simple.
Fantastic video.
I have been employed I asset management for 15 years and despite having "great education", still succumbed to many of the behavioural pitfalls you mentioned.
Other people should pay attention to this rather than having to learn from their mistakes!
thank you so much! which point stood out to you the most?
@@VincentChan falling for the emotional marketing traps by purchasing the latest and "best" stuff plus going to fancy/top-rated/expensive restaurants and bars to say I had been there. I have become way more minimalistic and down-to-earth as I have experienced "personal recession" in finances. Wish I had been more frugal/smart in my late 20's or at least early 30's!
Oh - and skills acquisition is everything, always. I definitely misused my time in the past
There is a more basic reason here - the marshmallow choice - so called because there was a psychological experiment done on kids where they could have 1 marshmallow now or wait 15 minutes and get 2 instead. Earning money now, but not consuming it now, is the way that someone increases xer wealth (or as well, the wealth of xer inheritors, etc.)
Of course, there is also the phenomenon of declining margin of utility, which allows for someone at a higher level of wealth to determine that pissing away money at a fast rate now (i.e., at low marginal utility) is a poorer decision than to to put off spending that money, either to use it (and its exponential growth) at a future date, or to "spend" it by having a larger endowment to inheritors. A poor person has a much higher margin of utility for spending the money now, and thus will determine that he needs to spend it now.
Great video! It opened my eyes in a way. I know saying "If you are not paying for the product, you are the product." I usualy think about this connected to online services such as FB, youtube etc. But it really applies to school system too. Elementary schools and high schools, they are free (at least where I live). So pupils and students are the product. They are trained to be a good cogs in geartrain of system in which we live. System needs employees, not entrepreneurs, it is enough to have one entrepreneur for every several hundred of employees and they emerges naturaly from mass of employees, they don't need to be trained that way. And considering kids first go to school at age of six when their brains are very melleable, no wonder it is so hard to escape the "rat race".
You have new excited subscriber!
Taking a chance in a business venture or stocks is nice and all… if you get lucky.
Unfortunately, a lot of people really can’t afford to take the risk of failing. They don’t have the capital to bounce back if they fail, and stand to even be in an even worse place if they do.
I acknowledge that it’s mostly people who try who get lucky, but that’s the thing: luck only happens randomly, and is largely beyond your control. So for many people, it’s often the safer bet to stay poor rather than gamble on a chance that could blow up in their face.
I love this video! I wrote my masters thesis on financial socialisation in the family between ages 4-6 😃
Amazing Video man... Shared to Facebook and Sent multiple messages to my people...
Thank You...
Risk assessment is important and so is understanding overexposure. I get so annoyed with new ways to tell poor people that the issue isn't, lack or resources including social capital but instead "poverty programing" or "playing not to lose"
Financial Literary, Digital Leverage, a Critical Mind and an Entrepreneurial Spirit is the way forward to getting wealthy in this age. Unfortunately, this goes against the stream in most societies. I wish all the people on a non-default path the strength and endurance to succeed in a system where you have to find your own path.
Having in my early 30's just woken up to financial literacy. I warn 18-20 year olds. Learn now! Learn everything you can about finances, how money works, how to save for the future. How to invest and how to save into a 401k or IRA account. Dont wait for someone else to ask you. Because they wont!
"Breakfast: Beans. Lunch: Beans. Dinner: Beans"
I feel personally attacked XD
I love the editing of your videos and their effects, Could you mention what course you took to improve your video skills? please
Thank you so much for this and your other eye-opening, informative videos!!!
Financial literacy isn't just words and terminology, it's years of college education (finance) to get the fundamentals, and most importantly the effort to put into practice for experience. Condensing that into a single high school class is a huge undertaking with many risks of oversight and misunderstanding. Fortunately, there's eBay and pawn shops to leverage our assets in need for cash.
I disagree. Simple things like how to budget, learning about interest rates and different types of investment can be taught at school. Don’t need a fancy degree to be financially literate.
I respectfully disagree that you need years of college education to understand what an interest rate is, how loans work, how to budget etc.
@@VincentChan try getting a financially literate person to teach at a high school for 30k a year. Not gonna happen.
I don't think you'd have to tackle the whole thing in just one class. Similarly to math or science, it can be broken down into subdisciplines (Biology, Chemistry, Physics or Algebra, Geometry, Calculus) or even added into current courses if there genuinely isn't room for it in a school's curriculum (adding it to health and wellness courses, math, or social science courses). Also, lessons can be adjusted to their audience. You don't need to teach finance at the university level to understand it; lessons can be tweaked in a way that make them more digestible for the audience whether that's children, older working class people, or high school students.
I don’t think you need a college education to be financially literate. I learned it by my parents teacher me. From a very young age I get an allowance each week. If I didn’t do my chores I lost my allowance that taught me work = money. As I got older my allowance was enough for me to buy my clothes and anything else I wanted. It taught me how to make choices and how to plan for big ticket items. After I was old enough to get a job I save and got a car( my dad co-signed the loan) I was responsible for the payment and insurance. If we want on vacation my parents paid for the trip and food but I had to save for spending money. I bought my first house at age 19 my parents taught my how interest rates worked and how I had to budget in advance for home maintenance. My parents always paid for life’s necessity’s. I’m very grateful for the way my parents taught me about money.
The thing about an income literacy class is that most students would pay as much attention to it as they do to other classes so it'll have way less impact than it should. Also, colleges don't care if you're financially literate and with today's school's focus on college as the only path to "success" the students who would benefit greatly from this type of class would be pushed to other more academic classes.
I Wish All Of Y’all Watching Many Riches This Year! ❤❤❤🙏🙏🙏🤘🤘🤘AMEN!
I LOVE your videos they just teach soo much absolutely brilliant!
Vincent Chan is super clever! The video suggestion at the end of each video will have me here watching all day lol!!!
NFL players are not the best cohort to base this on.-Leaving aside things like CTE, you’re talking about a cohort who has won the “lottery” as it were (well…if you’re a qb) but at a young age. Earning potential is front loaded and a lot of NFL players didn’t gain skills at or above the national average, and certainly not for jobs that pay near what an nfl salary dishes out. And that’s not a criticism-it takes so much time and effort to be a professional athlete that you can forgive them for study halling their Calc I course or getting comms degrees. Comparing 10 and 20 year wealth levels of lottery winners probably is a better cohort because ppl of many different strata/substrata play lotto.
It's a fine cohort.
Look at how much even a "poor" NFL players makes in their career and they still end up in bankruptcy more often than not?
Lottery winners are just more "regular" people but it's still a bunch of money that should protect you from anything close to bankruptcy, yet they still fall into it.
It's the same scenario - just the path (1 in a million talent vs 1 in a million luck) is different.
Absolutly love your videos! Everytime i need to find insipration to keep making youtube videos, I watch you
Which video editing course did you do? I am interested. Thanks.
Do you think your improved video editing skills are more responsible for this channel's success or is it the content you provide? For me, at least, the content is the cake, whereas the editing is just the icing. I wouldn't be surprised if your channel turned out to be just as successful even without the extra bells and whistles.
Watching a bunch of your videos. Love them. Good job!
Thank you for your objective, intelligence analysis into why most people are poor. Some things I knew, others learned.
Fav part of each video… when Mr magic lamp is mentioned 🤣
Also love the beautiful setup for watching another one of your videos relevant to the topic in current vid. Awesome! Also super impressed if you are the sole editor of your videos given the frequency they’re pumped out.
Necessity is the only thing keeping society going...sad but true. It is the primary incentive, the spark that gets most of the system going. A society of abundance-for-everyone is a stagnant and dying society...in some ways we are there already.
Just curious, what microphone are you using? Your voice sound of very clear quality, nice!
Great analogy.
Some steps that make all the difference save up for school go to school get a good degree in demand get a good job live cheap for years save as much as you can then learn a side hustle put back atleast 30k a year then move on to larger things like buying selling equipment real-estate and add that to what your putting back each year still live cheaply and continue to save the reality is it takes money to make money and a good paying job along with being frugal side hustles and investments can get you to doing well financially everyones going for the millionaire status trying to conquer a unlikely feat while instead if you got 30 to 60k going into the bank each year you are way above the rest the reality is doing all of this is a ton of work but if there was a likely path to success this is it
Because JROTC had such a nebulous curriculum since its not allowed to do pre 70s military stuff other than map reading, the retired Sergeant took the time to make us learn finance since hed seen tons of enlisteds ruin their lives with bad money.
I think the trick is people need to learn is buy cheap in bulk sell for a profit make sure to do long waiting period for funds to regenerate
GTFO with that Elon emerald mine accusation. This has been refuted but it keeps propagating because people automatically believe headlines and are filled with unconscious resentment.
Taking an opportunity to build wealth means missing an opportunity of living the only life that you are given. A thick bank account is a mediocre testament to your life.
Please elaborate on this
Rich Dad Poor Dad
Thankful.
research shows it's peer groups that are the greatest influence so make sure you only allow your children to mix with the correct peer group
I love it! Truth right out the gate.
Great channel!
How exactly does $6K under your mattress grow to 240K ? Good video, but doesn't 0% return mean just that? 0 return? The 6K in bills would actually shrink in value due to the rate of inflation.
Yeah I noticed that too
10%
$6k/yr x 40 yrs = $240k. You're right, but you're nit-picking. The same would be true for the exponential growth of compound interest. Leave inflation out for both so you have apples to apples. Future inflation over next 40 years is also unknown. Appreciate your sophistication but I think we're trying to spread foundational principles here.
@@stevegroom58OK, missed hearing him use the words "contributing 6K each and every year". His graph could use a few more numbers. Agreed on leaving out inflation for a fair comparison, but if it was a one time contribution as I thought I heard, then money stuffed into a mattress would be virtually worthless in 40 years.
Love your vids keep it up 🔥🔥
i got a double degree, i can speak 4 languages, i know how to video editing and animating, both 2D and 3D, i work 16 hours a day, and i invest S&P 500 1/3 of my salary every months, and STILL, i poor as F**K. And now i know where's the problems is, House rent, inflation, and poor elderly care.
I liked the mention of the investment of time in working now at a lower wage as opposed to investing that time into education so as to work at a higher wage. I had the ability to have a low-wage summer job in-between high-school and college, but realized that I would do better to go to college over the summer so that I would eventually graduate from college, and be able to tap a much higher income then (this was in the era of low-cost college, so that was not a concern).
VERY WELL DONE Vincent, YOU are a very engaging presenter. THank you for yhese ideas!
"I grew up in poverty" - shows image of little kid wearing braces. Your parents could afford braces?!? Yeah, sure, poverty ... I had to live with my crooked teeth for over 30 years.
"I have never let schooling interfere with my education." - Mark Twain.
I'm so glad I learn from my dad about budget, financing, value and education.
He taught me value doesn't lie in money. It can change and vanish in an instant.
The richest let their money work itself.
On the few occasions I'm in a shopping mall, I'm impressed by the number and variety of thing I don't need and don't want--and then don't buy. People don't need to be consumerist lemmings--there are many advantages to living below one's means, as I can attest.
Thank you
Im currently 13 and im so glad that i saw this videoso now i know learning financial literacy is very important! Thanks man
Well, it's a good thing that according to school (at least if you believe what some of my teachers have said over the years - not all of them, some liked me for exactly that reason!) I am "defective" (as I am not above telling authority figures that I think that they are selling snake-oil!)...yeah, school...it squashes (or tries to!) creativity and free thinking and you own opinions!
I loved the information here. I feel like there is a problem beneath it. At the beginning of the video, he said, "It's not your fault". I think this simply makes people more willing to accept their failures because it's not their fault. Its more than just wealth. Its life too. A friend doesn't like you? Oh, not your fault. A lover? No worries, its their problem. I personally find it much more realistic to simply accept my faults and grow.
Again, this video rocks. I just wish it didn't give everyone who watches it an excuse to stop trying.
World class Video and information. Thanks!
Great video
You basically got some of rich dads lessons (from rich dad poor dad) and added some sprinkles
Very transformative and even a good reminder of those very same lessons for someone who has read the book awhile ago.
Another banger of a video.
TY
This video deserves more views!
Good video!
Whether this is true or not, I appreciate the reason to blame something else for my problems!
I like your take: "Playing the game to NOT LOSE" = NOT playing = not winning.
Straight out of Rich dad poor dad by Robert Kiyosaki
Great video!
This is very sad. How do I change ?
I don't comment often, but I really enjoy your videos. This is one of your best. 🔥🔥🔥🔥 👍
"How can..." 👏👏👏👏
Vincent I love you! This vid alone is like GOLD. Thankyou dor it, I'll pass it on to other people.
I appreciate all the work you put into this video, it is excellent. My parents grew up during the 30s, so were always looking for opportunities to better themselves and were a good example for me.
Dude, I love your videos. You're brilliant! Some of it just validates how I see things already, but I learn a lot too. And it's very 'share-able.' A lot of people need lessons like these.
WEALTH IS A STATE OF MIND. When you think poor, you will always be poor no matter how much money you make. That’s why most lottery winners end up broke 5 years after winning the lottery. The same goes for athletes.
Stay away from poor people! These are people who are poor and remain that way because they think poor. DON’T GIVE PEOPLE MONEY! Don’t let these LAZY ASS PEOPLE come at you with their sob stories. They can work for their money just like you had to for yours.
Thats soo true....the films brainwash us about charity....the most of this lazy mother***** dont deserve a penny
I partly agree with you.
There is room to be charitable with the truly needy - people who are born mentally/physically disabled or became that way accidentally (not by consuming drugs, for example).
Actively seek to help those people; our social system doesn't cater to them effectively.
You are absolutely correct. Work your own money and let your money work.
@8:50, I think there is a rule of 72, which says money doubles about every 7 years. Good news for all of us!
2:27
You sure you have this right?! Most nfl players were born in the usa!
We’re a consumerist economy. The more others consume the more those who invest profit.
This guy makes good videos. Especially the Mr. Magic lamps.
I read Think and Grow Rich. Wealth is state of mind.
hey broski....if im already doing travel vlog, can I add personal finance / US economy to my channel? even talk about how to fix cars? I thought coming to Russia would be controversial and sensational but it doesn't turn out too well.
Basically you need to have money to make money and once you have money, you need to get out from under the dictate of a boss and salary about how much money you're allowed to make in order to make more beyond a salery
Very interesting video, I would really appreciate if you chose to post sources going forward. Thanks
In 1904 there was a committee formed to develop a curriculum for American Public Schools. Half those at the first meeting were Educators, not surprisingly. Surprisingly, the other half were Bankers, and they were not there to ensure Americans Students learned the truth about Money and Finance, quite the opposite.
If I try to look for the answer in this channel , I'll end up binge watching all of his content . Having the self awareness to such traps I feel should get you to be much safer in terms of "not losing" as for being wealthy, study and learn finance and assets and investment management as far as I know