Money Beliefs That Will Keep You Broke Forever

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  • Опубликовано: 15 ноя 2024

Комментарии • 63

  • @MargaretMargaretKarjala
    @MargaretMargaretKarjala Год назад +146

    Real estate investors losing money is music to my ears. They are a major reason why the real estate market is the way that it is now.

    • @jonas77718
      @jonas77718 Год назад

      Actually, you can blame the Fed for manipulating the market by keeping interest rates artificially low for the last decade. They created this mess and now there's no way to fix it without completely crashing the market. And I'm OK with that.

    • @MargaretMargaretKarjala
      @MargaretMargaretKarjala Год назад

      You can also blame the Fed but most of it goes to those investors that have made life difficult for the 61% of people that are living paycheck to paycheck and can’t afford to buy a home because of these investors that gobble up the properties and jacking up the rent and buying price for a home. That’s BS.

    • @jonas77718
      @jonas77718 Год назад

      He's mainly talking about CA real estate in the Bay Area for this video. Many real estate investors in other parts of CA, and even other states, are still doing well. In CA, I'm sure the lack of supply to meet demand, rising construction costs, extremely long process to approve housing projects, and high property taxes are just a few things causing high housing prices in the state. It's bias to just use real estate investors as the scapegoat to "a major reason why the real estate market is the way that it is now".

    • @sandra65823
      @sandra65823 Год назад

      The best course of action if you lack market knowledge is to ask a consultant or investing coach for guidance or assistance. Speaking with a consultant helped me stay afloat in the market and grow my portfolio to about 65% since January, even though I know it sounds obvious or generic. I believe that is the most effective way to enter the business at the moment

    • @KatyMccullars
      @KatyMccullars Год назад

      Please who is the consultant that assist you with your investment and if you don't mind, how do I get in touch with this person.

  • @OnCashFlow
    @OnCashFlow 2 года назад +7

    I achieved a strong level of financial independence at age 27. Here's my quick thoughts for these beliefs:
    1. Savings rate is WAY more important than total money invested.
    2. Same as above.
    3. Becoming wealthy is easy if you put it on autopilot.
    4. Focus on the big 3 and don't let your lifestyle inflate beyond what it is and your will be golden.
    5. The best investing is simple investing, hands down.
    6. NOT investing is too risky.
    7. Use other peoples money for some investments, but generally stay away from consumer debt.
    8. Your goal should be to work because you want to, not because you have to.
    9. In The U.S. at least, we have great financial mobility. Take advantage of it.
    10. It's always been possible to build wealth. It gets easier everyday.

  • @NolanGouveia
    @NolanGouveia 2 года назад +12

    First off, you deserve some kudos for the artistic expression in these videos. Well done, I understand the hard work! Secondly, this video is so underrated! If people listened to even half of this, they’d be well on their way. Great work and let’s keep teaching the dream!🎉

  • @brucestiles6477
    @brucestiles6477 2 года назад +9

    0:00 Intro
    0:37 You Don't Make Enough Money To Be Wealthy
    1:17 You Need A Lot Of Money To Invest
    1:50 Becoming Wealthy Is Too Difficult
    2:32 Pinching Pennies Is The Best Way To Save Money
    3:23 Investing Is Too Complicated
    4:15 Investing Is Too Risky
    5:06 You Have To Use Debt
    5:47 Working Is The Way To Make Money
    6:37 It's Not Your Fault If You're Broke
    7:26 It's Not Possible Anymore
    8:12 Outro

  • @RachellesCrafts
    @RachellesCrafts 2 года назад +23

    Investing is so much easier and less expensive than it used to be.
    There are financial institutions with apps out there that allow investing in fractional shares of major stocks with just a few dollars so there’s really not much of an excuse to not be able to save/invest.
    That being said, the major hurdle is to overcome being sensitive to volatility. For some people fluctuations of As little as tens to a few hundred dollars might cause them to sell in a panic. Most people I know that don’t (and won’t) invest fall into that category.

    • @mrmoore2485
      @mrmoore2485 2 года назад +2

      With the way things are moving ,I think I need to see a video on “how to survive amidst the present recession “.I mean everything in shambles
      Surprisingly I heard people still make over a 100k within a few months ,and i’d like to know how and if it’s still possible in these times or am I being lazy.

    • @brendanatty2390
      @brendanatty2390 2 года назад +1

      Great tips, Generally diversification is a kind factor Don’t put your eggs in one basket. pragmatically I have been into all of this for some time,though I won’t say I have made or lost some fortune. Do you mind recommending a firm whose platform has diverse investing choices? Quite rare I anticipate your response.

    • @vargaskenneth8837
      @vargaskenneth8837 2 года назад +2

      The world itself is a zero sum game .

    • @weriverachaho9012
      @weriverachaho9012 2 года назад +2

      Oh but didn’t you hear the current administration says everything is fine “no recession “

    • @sakhalittle9206
      @sakhalittle9206 2 года назад +3

      This is the second time I’m coming across the firm last week I saw a telecast on economic bubble there are testimonies about how the earn with their strategy though I need to make more research ,I’m still skeptical Do you work with them?

  • @jpdriver1967
    @jpdriver1967 2 года назад +2

    Years ago I worked 3rd shift. A syndicated show on money and investing was on overnight. The host drove so many principles home that stuck. One was that if you could not afford a car in 36 months, you could not afford the car. Consumer debt is so hard to overcome. I realized that every time I make a payment, I am making someone else rich and losing the ability to invest in myself.

  • @martinmi5
    @martinmi5 2 года назад +3

    I went from grocery store deli clerk to Millionaire in a 3 year period of time.

  • @Executor009
    @Executor009 2 года назад +2

    Some things may not be your fault but most things are your responsability.

  • @TTebb
    @TTebb 2 года назад +7

    I wonder why people struggle so much with saving/investing money when there are videos like this on RUclips

    • @ChrisInvests
      @ChrisInvests  2 года назад +6

      Sometimes they just don't want to learn 🤷‍♂️

    • @Sir0fficerNasty
      @Sir0fficerNasty 2 года назад +7

      The last point was the most important. They blame everything on everyone else and never take responsibility. If you do that, you never improve yourself because you think there is nothing to improve.

    • @brlnmchl
      @brlnmchl Год назад

      Because many people just don't have enough money to invest. It's pretty simple. Yes, you can invest 1$ per month, but how long would it take then to get wealthy?

  • @urbanvegsa1928
    @urbanvegsa1928 2 года назад +1

    Hi Chris. Can you please do a video on self employment investing? We own a business and would like to start saving for retirement.

  • @friedec3622
    @friedec3622 2 года назад +2

    It's not your fault born as poor. It's your parents.
    So, don't be like them.

  • @jackreign67
    @jackreign67 2 года назад +4

    Always appreciate you Chris

  • @jeffleonard343
    @jeffleonard343 2 года назад +1

    A great rule in investing is to actually start investing!!!! Not sit around and chat with your buddies which funds will generate best returns.

  • @edmondgreene4814
    @edmondgreene4814 2 года назад +7

    It's not what you make, it's what you keep.

  • @VinhTran-sc8qw
    @VinhTran-sc8qw 2 года назад +2

    I invested a lot money into stock and crypto. Now I lost a lot 😢 Haven't sold yet tho

    • @lolx400
      @lolx400 2 года назад +3

      Would be very stupid to sell at this point

    • @ChrisInvests
      @ChrisInvests  2 года назад +3

      Pretty much everyone is down right now 😐

  • @frankthetank5013
    @frankthetank5013 2 года назад +2

    Great information & I always give u a 👍🏻 even before the video starts.

  • @ravsingh1576
    @ravsingh1576 2 года назад +1

    Such a great reminder and mindset. I love your videos, as you actually give practical examples too. Thanks 👍🏽

    • @ChrisInvests
      @ChrisInvests  2 года назад +1

      Thank you! Glad you enjoyed it 🙏

  • @nynick716
    @nynick716 2 года назад

    There it is

  • @heavychains
    @heavychains Год назад

    In theory, if every company in the S&P 500 went out of business, wouldnt the next 500 companies move into the top 500 spots?

  • @LilT2o00
    @LilT2o00 2 года назад +1

    eh how many people who are millionaires did it by investing one dollar of each pay period
    I don't even make enough to pay my rent. I have to sell blood plasma twice a week to make the difference my one dollar investment a week would end up being maybe 100 in 1,000 in 10 years

    • @stevenyia2778
      @stevenyia2778 2 года назад

      With a mindset like that is why 🤷‍♂️

    • @LilT2o00
      @LilT2o00 2 года назад

      @@stevenyia2778 nah it's the capital. can't think your way into retirement on min wage lmao

    • @ChrisInvests
      @ChrisInvests  2 года назад

      The first part--that's actually how most millionaires became so

    • @LilT2o00
      @LilT2o00 2 года назад

      @@ChrisInvests but how many people do that vs how many of those people that become millionaires

    • @happymolecule8894
      @happymolecule8894 2 года назад

      @@LilT2o00 That's a Western problem. In my country you can rent a studio for only 20% of your monthly salary (minimum wage)
      You have a housing shortage. You need to take measures and build more units

  • @itsyaboiitrump2939
    @itsyaboiitrump2939 2 года назад

    Beans

  • @naar7192
    @naar7192 Год назад

    I spend it all in women and booze!!!
    Live your life now......

  • @jehc898
    @jehc898 2 года назад

    1. Search me, O God!
    Psalm 139:23 - Search me, O God, and know my heart! Try me and know my thoughts!
    “Father, I desire to be the best in what I do today. So I ask You to investigate my life and examine my deepest motives. Cross-examine my thoughts and give me a clearer picture of myself according to Your truth. May Your glory be revealed in me and shine through me this day. Amen”
    2. Teach me Your way, O LORD!
    Psalm 86:11 - Teach me your way, O LORD, that I may walk in your truth; unite my heart to fear your name.
    “Teach me Your ways, O LORD. Train me to walk on Your path of truth, so that my heart will be united with Your heart. I worship You in awe and wonder.”
    3. O God, fulfill Your purposes in me! Psalm 57:2 - I cry out to God Most High, to God who fulfills his purpose for me.
    “O God of greatness and goodness, grant me the courage to see everything in my life as a means of fulfilling Your purposes-and not simply my desires.”
    4. Examine me, O LORD!
    Psalm 26:2 - Prove me, O LORD, and try me; test my heart and my mind.
    “O God, let my motives pass your smell test. Examine my life from head to toe and test the purity of my life through Your fire. Amen.”
    5. Teach me to do Your will, O God! Psalm 143:10 - Teach me to do your will, for you are my God! Let your good Spirit lead me on level ground!
    “God of all goodness, teach me how to walk in obedience with Your Word and how to be led by Your Spirit so I may find the clear and level path of pleasing You.”
    6. Yes, LORD, I am available and ready to listen! Exodus 3:4 - When the LORD saw that he turned aside to see, God called to him out of the bush, “Moses, Moses!” And he said, “Here I am.”
    “Father, I am here today, experiencing the wonder of Your presence. I am listening to Your voice and doubting my abilities, but ready to be used for Your glory and the advancement of Your mission.”
    7. Restore my joy and grant me a willing spirit, O LORD!
    Psalm 51:12 - Restore to me the joy of your salvation, and uphold me with a willing spirit.
    “Father in Heaven, overwhelm my soul with the wonder of Your great salvation. Keep my spirit soft, tender, and willing to do Your will this day. Amen!”
    8. Search my heart for that which offends You, O God!
    Psalm 139:24 - And see if there be any grievous way in me, and lead me in the way everlasting!
    “Show me, O LORD, my blind spots! Reveal to me, O God, any unknown areas of my life that make me vulnerable. Lead my life on Your right path, Your path of eternal life and infinite blessing.”
    9. O LORD, save me from whining! Psalm 55:2 - Attend to me, and answer me; I am restless in my complaint and I moan.
    “O God, come quickly. Save me from embarrassing myself. Bring peace to my restlessness and perspective to my pain. Break me of a whiny spirit! Teach me to trust You- and not my circumstances.”
    10. O my God, may my work leave a lasting legacy.
    Nehemiah 13:14 - Remember me, O my God, concerning this, and do not wipe out my good deeds that I have done for the house of my God and for his service.
    “Father in Heaven, be intimately aware of my motives for serving You so that You will not wipe out my efforts or let others harm the work done in Your name. Father, may You judge my motives and bless the work of my hands for Your honor and glory. Amen.”
    11. Let Your light of truth shine deep within my heart, O LORD! Psalm 43:3 - Send out your light and your truth; let them lead me; let them bring me to your holy hill and to your dwelling!
    “O LORD, light up my life with Your truth! Shine Your light into the dark places of my soul. Overwhelm me by the warmth of Your loving kindness and draw me into Your holy presence, for You are my joy. Amen.”
    12. Teach me to number my days, O LORD. Psalms 39:4-5 - O LORD, make me know my end and what is the measure of my days; let me know how fleeting I am! Behold, you have made my days a few handbreadths, and my lifetime is as nothing before you. Surely all mankind stands as a mere breath! Selah.
    “O LORD, You are my hope! Save me from trusting in my health and my wealth. Keep me centered on You moment- by-moment and day-by-day, for Your glory and the advancement of Your mission. Amen.”
    13. Here I am. Send me, O LORD!
    Isaiah 6:8 - And I heard the voice of the Lord saying, “Whom shall I send, and who will go for us?” Then I said, “Here I am! Send me.”
    “Holy, Holy, Holy is the LORD God Almighty! Show me the hidden needs of my heart and the brokenness of Your people. Cleanse me, renew me, and strengthen me with the power of Your presence, for I am ready and willing to be used by You for Your great purposes! Amen.”
    14. Make Your face shine upon me, O LORD!
    Psalm 119:135 - Make your face shine upon your servant, and teach me your statutes.
    “Father in Heaven, I live for an audience of one and that is You! Father, I want Your face to shine on my life. May my life be so aligned with Your Word that I will experience Your smiling approval and hear these words from Your heart, ‘Well done, good and faithful servant.’”
    15. Have mercy on me, O God!
    Psalm 51:1 - Have mercy on me, O God, according to your steadfast love; according to your abundant mercy blot out my transgressions.
    “O LORD, You know the depth of my guilt! Have mercy on me! Out of Your loving kindness and abundance of mercy, remove from me the stain of my sin, through the precious blood of Jesus my Savior.”
    16. Father, shape me and mold me. Isaiah 64:8 - But now, O LORD, you are our Father; we are the clay, and you are our potter; we are all the work of your hand.
    Take my life, shape it, mold it and conform it. I yield my life to Your Potter’s Hands. Take my life, use me, lead me and guide me. I submit my life into Your hands Loving Father.”
    17. Help me finish well, O LORD!
    Psalm 71:9 - Do not cast me off in the time of old age; forsake me not when my strength is spent.
    “Father, as I grow older, may my devotion grow stronger. As my body grows weaker, may Your Spirit strengthen my inner being. Father, grant me the grace to finish well and to continue to be useful in Your service. Amen”
    18. O LORD, teach me how to treat those who oppose me.
    Psalm 27:11 - Teach me your way, O LORD, and lead me on a level path because of my enemies.
    “O LORD, show me the courageous path to the high road in my difficult relationships! Grant me the strength not to react by taking matters in my own hands, but to courageously wait on You to show me the level path.”
    19. O LORD, grant me truthful lips and a contented heart.
    Proverbs 30:7-9 - “Two things I ask of you; deny them not to me before I die: Remove far from me falsehood and lying; give me neither poverty nor riches; feed me with the food that is needful for me, lest I be full and deny you and say, ‘Who is the Lord?’ or lest I be poor and steal and profane the name of my God.”
    “O God, I beg two favors from you; let me have them before I die. First, help me never to tell a lie. Second, give me neither poverty nor riches! Give me just enough to satisfy my needs. For if I grow rich, I may deny you and say, ‘Who is the Lord?’ And if I am too poor, I may steal and thus insult God’s holy name” (Proverbs 30:7-9, NLT)
    20. Yes, Lord, I am listening!
    Acts 9:10 - Now there was a disciple at Damascus named Ananias. The Lord said to him in a vision, “Ananias.” And he said, “Here I am, Lord.”
    “Here I am, Lord. I am open, ready, and willing to do what You ask of me. Grant me the courage and conviction to see beyond the obstacles, to rest in Your promises, and to see Your mission fulfilled through me. Amen.”
    21. Lord, increase my faith!
    Luke 17:5 - The apostles said to the Lord, “Increase our faith!”
    “Father, I’m at my wits’ end! I can’t do what You are asking in my own strength! I need You. I need Your strength
    and I need You to increase my faith to see You work supernaturally in my life and ministry. Father, I believe, but help me overcome my unbelief. Amen.” Comment, if you received these prayers. 😇❤️💫

    • @dericanslum1696
      @dericanslum1696 2 года назад

      ...please immediately seek the professional help you so desperately and obviously require...

  • @dr.impactslab
    @dr.impactslab 2 года назад +3

    If people stop eating outside and enjoying anything to save money for the unpredictable market especially for now, life will become miserable. I know saving money would be good, but stop drinking a coffee or eating a good meal would not be a good way. People should not sacrifice their life so much for an unknown market return.

    • @dr.impactslab
      @dr.impactslab 2 года назад

      I am glad that you didn’t say “turning off your thermoset to save 2.5 bucks a month😅” overall this is great content. Keep it up.

    • @ChrisInvests
      @ChrisInvests  2 года назад +1

      Yes, that's pretty much what I said in the video

  • @DreamSurferRelaxation
    @DreamSurferRelaxation 2 года назад +1

    To anybody reading this, I pray that whatever is hurting you or whatever you are constantly stressing about gets better. May the dark thoughts, the overthinking, and the doubt exit your mind may clarity replace confusion. And may peace and calmness fill your life.❤please click my name if you need more of this❤