😂😂😂 That's a good point too, though I meant if you divorce in the later part of your live, that would be very costly and hit your net worth quite a bit in many cases.
I completely agree with all the points you are saying, and overspending will for some people always be a problem. The only thing I spend to much money on is travel 😅
Cheers mate and I am with you on that, though overspending on travel is not too bad, let's instead call it investing in lifetime memories so the return on this is priceless 😉
Have been investing basically for some years. Now want to increase monthly investments & keeping closer eye on stocks/etf's. Probably left late, but what advice would you now give?
Hi and well done for having been investing for years and now wanting to increase it. Depends on you, whether you want to individual stock pick or just invest in a broad market ETF which I am a big fan of. This way you can easily increase your monthly contributions without having to spend more time researching various companies to invest in. I am a big fan of investing in the S&P 500, which I do with the SPY5 ETF 👌 Cheers
👋 LET’S CONNECT ON INSTAGRAM instagram.com/smartmoneywithkai ⚡ ALL MY FAVOURITE TOOLS smartmoneywithkai.com/tools 🟡 JOIN SMART MONEY CLUB www.smartmoneywithkai.com/smartmoneyclub
With Buffet you can see how the Cantillon effect works in the broken fiat money system. Only when the gold standard was abolished (1971) did his wealth multiply exponentially.
Around 50% less which is absolutely crazy. Good article on this here www.investing.com/analysis/avoiding-markets-worst-days-beats-chasing-the-best-200641384
Hi and sure there might be corrections but sadly it's not as predictable as people think it to be so you can plan it every 5 years, otherwise everyone would do it, though I do agree that keeping some cash on the side-lines as investable capital or just emergency fund is good thing 👌
I just can't agree more with you. Luckily, I have a family with no bad habits, such as smoking or any overspending. Living from middle class work pay check but I've a main regret. Not started to invest in our 20s or even in the 30s and just swift my mindset to start invest part of our savings with 39 years old! 😞
But I may say that you touched a sweet spot of mine with Porsche! I just loved them! I would rather have just one Porsche than five or six cars to collect and kept the Porsche forever. 😁
That's awesome and well done for not having bad habits. Even you started a bit later, if you live healthy and look after yourself well, you can live longer and healthier than other people who don't so you will still benefit from compounding growth even if you only started a bit later 👌
I feel you on that. My wife said, why you put the car we want to buy on the thumbnail and said don't buy, I said I manifest it, the main point it's not an investment, but not everything in life needs to be an investment, some things are also just to bring joy and a nice Porsche certainly does 😉
@@SmartMoneywithKai Let's build a dream a car in our mind to buy it whenever it's possible and retain it for life! At least almost every Porsche increase value over time whenever it becomes a classic! 😆
Hi and I did not say that those things get you rich, but instead, by avoiding them, you won't limit the growth of your net worth as much as if you were to do them.
@@SmartMoneywithKai yes but your talk generally is just yourself yourself yourself you you you. You can only self optimize so much out of one individual person, yourself, and you remain the economic unit of just one person, and thats very limited economic growth. Stop spending so much time consuming your thoughts and energies with optimizing yourself and spend so much more time trying to find the smartest people on the planet, work with them, hire them, build networks, build huge companies, with many many people, and forgot about that stupid marathon, its a total time-consuming distraction, go to the gym or swimming instead if you need, make it efficient, and stop thinking within just yourself but always within a group of people, in real life, and this takes so much more space, action, skills, time you never talk about, and therefore you stay weak and small, just for yourself, just a one-man-show with a few extras, but not a big enterprise and really rich.
You lost me at 'stupid marathon'. I am sure you are doing things much better then, that's great, I am happy the way things are going and don't need to be the next Musk 😉 Cheers
@@SmartMoneywithKai totally! you do you all good :) but maybe that marathon then really just is, for example, your private fun and marketing that within the context of wealth protection really is a far stretch - sorry ;)
Not sure you watched the entire video, but I never said that running a marathon will make you rich, it's just what I choose for my health habits, but I did say that poor health management (like smoking, alcohol, not exercising, junk food) will certainly shorten your life-span and quality and cost you more in health spending which would impact net worth gains over time😉 But let's leave it at that, I don't think it's worth any more discussions (despite it being good for the algorithm 😂) Cheers
After my divorce I was able to save more money and be able to invest more.
😂😂😂 That's a good point too, though I meant if you divorce in the later part of your live, that would be very costly and hit your net worth quite a bit in many cases.
9) avoid being around pessimistic and toxic people. Hi Kai long time no see! I was away for a while glad to see you are keeping strong
100% 👌 Great to have you back and hear from you, cheers 👋
I completely agree with all the points you are saying, and overspending will for some people always be a problem. The only thing I spend to much money on is travel 😅
Cheers mate and I am with you on that, though overspending on travel is not too bad, let's instead call it investing in lifetime memories so the return on this is priceless 😉
Have been investing basically for some years. Now want to increase monthly investments & keeping closer eye on stocks/etf's. Probably left late, but what advice would you now give?
Hi and well done for having been investing for years and now wanting to increase it. Depends on you, whether you want to individual stock pick or just invest in a broad market ETF which I am a big fan of. This way you can easily increase your monthly contributions without having to spend more time researching various companies to invest in. I am a big fan of investing in the S&P 500, which I do with the SPY5 ETF 👌 Cheers
👋 LET’S CONNECT ON INSTAGRAM
instagram.com/smartmoneywithkai
⚡ ALL MY FAVOURITE TOOLS
smartmoneywithkai.com/tools
🟡 JOIN SMART MONEY CLUB
www.smartmoneywithkai.com/smartmoneyclub
With Buffet you can see how the Cantillon effect works in the broken fiat money system. Only when the gold standard was abolished (1971) did his wealth multiply exponentially.
Indeed, another reason for me to get on to Bitcoin 😉
@@SmartMoneywithKai Exactly 👍
how about if you avoid the worst 10 days?
Around 50% less which is absolutely crazy. Good article on this here www.investing.com/analysis/avoiding-markets-worst-days-beats-chasing-the-best-200641384
You must be invested but in hype times like now you can save money when it goes lower. You have each 5 years a correction
Hi and sure there might be corrections but sadly it's not as predictable as people think it to be so you can plan it every 5 years, otherwise everyone would do it, though I do agree that keeping some cash on the side-lines as investable capital or just emergency fund is good thing 👌
I just can't agree more with you. Luckily, I have a family with no bad habits, such as smoking or any overspending. Living from middle class work pay check but I've a main regret. Not started to invest in our 20s or even in the 30s and just swift my mindset to start invest part of our savings with 39 years old! 😞
But I may say that you touched a sweet spot of mine with Porsche! I just loved them! I would rather have just one Porsche than five or six cars to collect and kept the Porsche forever. 😁
That's awesome and well done for not having bad habits. Even you started a bit later, if you live healthy and look after yourself well, you can live longer and healthier than other people who don't so you will still benefit from compounding growth even if you only started a bit later 👌
I feel you on that. My wife said, why you put the car we want to buy on the thumbnail and said don't buy, I said I manifest it, the main point it's not an investment, but not everything in life needs to be an investment, some things are also just to bring joy and a nice Porsche certainly does 😉
@@SmartMoneywithKai Let's build a dream a car in our mind to buy it whenever it's possible and retain it for life! At least almost every Porsche increase value over time whenever it becomes a classic! 😆
Everything said here gets you a bit rich but not really rich 😊
Hi and I did not say that those things get you rich, but instead, by avoiding them, you won't limit the growth of your net worth as much as if you were to do them.
@@SmartMoneywithKai yes but your talk generally is just yourself yourself yourself you you you. You can only self optimize so much out of one individual person, yourself, and you remain the economic unit of just one person, and thats very limited economic growth. Stop spending so much time consuming your thoughts and energies with optimizing yourself and spend so much more time trying to find the smartest people on the planet, work with them, hire them, build networks, build huge companies, with many many people, and forgot about that stupid marathon, its a total time-consuming distraction, go to the gym or swimming instead if you need, make it efficient, and stop thinking within just yourself but always within a group of people, in real life, and this takes so much more space, action, skills, time you never talk about, and therefore you stay weak and small, just for yourself, just a one-man-show with a few extras, but not a big enterprise and really rich.
You lost me at 'stupid marathon'. I am sure you are doing things much better then, that's great, I am happy the way things are going and don't need to be the next Musk 😉 Cheers
@@SmartMoneywithKai totally! you do you all good :) but maybe that marathon then really just is, for example, your private fun and marketing that within the context of wealth protection really is a far stretch - sorry ;)
Not sure you watched the entire video, but I never said that running a marathon will make you rich, it's just what I choose for my health habits, but I did say that poor health management (like smoking, alcohol, not exercising, junk food) will certainly shorten your life-span and quality and cost you more in health spending which would impact net worth gains over time😉 But let's leave it at that, I don't think it's worth any more discussions (despite it being good for the algorithm 😂) Cheers