11 Things That Will Destroy Your Wealth
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- Опубликовано: 19 июн 2024
- Here are some of the things you probably didn't know that are destroying your wealth. Enjoy!
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#wealth #destroyingHabits
Time Stamps:
(00:00) Start
(00:30) Gambling
(01:14) Cars
(02:21) Debt
(03:26) Financial illiteracy
(04:17) Fashion
(04:58) Eating out
(05:44) Wrong relationship
(06:58) Shopping
(07:31) No emergency fund
(08:17) Alcohol
(09:03) Jewelry
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References: bit.ly/3g6IOXa
Practical Wisdom - Interesting Ideas
DISCLAIMER: I’m not a financial adviser. These videos are for educational purposes only. No official financial advice is being given. Please always check with a professional before making any investments or financial decisions. Your investments are your sole responsibility, these videos merely share my own opinions with no guarantee of gain or losses.
- The Audible link & courses are affiliate links meaning if you make a purchase using the link, I will receive a small commission at no extra charge to the buyer.
1. Gambling
2. Cars
3. Debt
4. Financial illiteracy
5. Fashion
6. Eating out
7. Wrong relationship
8. Shopping
9. No emergency fund
10. Drugs
11. Jewelry
Incredible person reading this, go after what it is that you want in life! Learn the skills, do whatever it takes! You are capable of anything! I believe in you! ✨
Love - Nat ❤️
Wish I listened to this when younger. Lost so much money on relationships, its almost unfathomable. Be careful all!
Don't get me started, I'll never marry again no matter what she says or does. Maybe if she's rich, but rich women don't need to get hitched. 🤔
Invest in myself, invest in my business, probably try to get away from the crowd and try to make it in my own niche .
My Grandmother always said "Poor people have poor ways." Now I get it.
I am so glad I stumbled across this channel. So much practical common sense wisdom on finances and how to manage them.
True story! Lol ..I was just in Burlington coat factory looking at home decor, bedding, candles, journals, mugs, etc...all things I would usually recklessly spend my money on, but I walked out with a room spay and coconut oil, totaling $9.30 lol. That's a major drop from the $50-$100 that I would usually spend on stuff like that!
I thought about the fact that I have tons of journals, tons of candles and mugs at home already. I have throw blankets galore! I don't need anymore right now.
(This is my self talk as I shop lol)
These videos have helped me to really think as I shop. They've helped me to become more discipline in my spending habits.
Thank you✨
*Be real to yourself:*
If you think education only takes place in an institution, think again. As long as you breath, your mind, your heart and your soul are seeking knowledge. So respond to them and nurture their needs accordingly. Be real and faithful, because at the end of the day, even your body will deny you. Keep your life meaningful and strive for those things that fill your life with deep contentment.
Excellent solid ideas presented in this video ! Another one is pets.. thousands are spent on puppies that end up in Vet clinics where your wallet gets drained. Only get a dog if you really REALLY need one ( security or company). Why not invest in a bird feeder and bird seed so you can enjoy the amazing world of song birds coming to feed in the winter ! Gardening rocks too and you can buy plants from yard sales and get from neighbours that are thinning theirs. A lot of ladies think a guy that gardens is a cool interesting dude! Real Men cook and keep a clean healthy home !
10k should go to any debt you have with a bit saved. Celebrate that win by buying some groceries and cooking a delish healthy cheap meal for some friends with a night of cards or a board game afterwards…that builds memories that are priceless.~ Remember: Fools and their money are soon parted !
This, pets are sooooo overrated. It should have been included in this report, ahead of some of the items, they're real money drains, specially dogs.
Best financial education channel
You have indeed changed our thoughts about money…thank you..
*It’s simple arithmetic: Your income can grow only to the extent that you do*
6:00 PRENUPTIAL (6 months MIN MANDATORY BEFORE WEDDING DATE!!)
MY FAVORITE ONE
WRONG RELATIONSHIPS COST $120k
Your always spot on Practical Wisdom ❣️😊✨
Thank you!🙌🏿🙌🏿
If I was given $10,000, I would invest it in home repairs, emergency fund and what's leftover... retirement.
Wow thanks Al consider this video hope it helps me like others ☺️
Screw the mall when there's Amazon!! 😂 That's a bad habit for me for sure! I definitely overspend on that.
This should be required viewing for NFL and NBA players..
Investing in today is priceless because tomorrow isn’t promised, trading bitcoin, gold, silver or any other crypto secure a better tomorrow.
I agree with you
And it’s really needful for beginners not to settle for videos alone or they will see themselves losing all Their money just like me when i newly started trading with this videos here on RUclips
I’m not here to converse for expert Joyce Albert but to testify just for what I’m sure of, she’s trust worthy and best option ever seen..
She’s awesome she has managed my investment so well and my weekly returns are mind blowing.
@@kelvinjeff3893 So you know her too?? Wow 😯
10K in cash, take 5K and look for a duplex and the other 2.5k buy silver and gold bars. The other 2.5K is the backup.
To answer that last question, if someone gave me $10,000, I would save the majority of it to avoid debt and have an emergency fund.
Am glad I save my money that's what I learned from my old lady save your money for something important incase of a emergency.. I use to buy cars yr after yr and I don't do that anymore and I use to gamble also until I noticed I would lose not anymore good thing I pay my bills 1st then save for my self incase I need it for gas or personal things then save money for something important and it has helped me alot.. I try not to stay broke for the whole month.. great video Al save it to consider can help me in the long run..
I came here to learn how to invest after listening to a guy on radio talk about the importance of investing and how he made $960,000 in 4 months from $160k, somehow this video has helped shed light on some things, but I'm still confused, I'm a newbie and I'm open to ideas.
Investing in stocks is a good idea, a good trading system would put you through many days of success.
Interesting. I have a lump sum doing absolutely nothing at all in my bank account, I wanna get something started with it. You seem to be doing excellent for yourself, how do you achieve this?
@Benjamin Paulo Exactly, the trick is to diversify your investment, don't panic when everyone else is and invest consistently.
@Susan Karen Hello Do you trade on your own?
@Susan Karen That's impressive. Are you giving her your money or the money stays in your trading account? What's really the idea behind copying trades.
my moms wedding ring was purchased for $16,000 5 years later it is now worth over $20,000. jewelry will be worth its weight in the metal it is made from at least, and worth more depending on the brand....
Good Video!!
I agree wen it comes to emergency fund. Let's just say, I learnt my lesson and I'm going to make amendments
Thanks!
I appreciate the token! Thank you so much!
A mid-risk mutual fund!!! I have no credit card debt so that would be the best decision for it. 🥳
If I were given $10;000 , 4;000 would take me out of debt; and the rest would stay in the bank.
Facts!!!!
*I dare say, at the of the day, you will be on a long path and surprisingly alone, so take it easy on yourself, don't be serious about what you think. It's just point a of view.*
If I was given 10,000 thousand dollars I reinvest it to start a business where the money flows in with out doing anything after you set it up, you check on it once every month .
If I were given $10000 dollars in cash I'd use half to get my Canadian parents, sister and brother to come visit us in the Netherlands. They can't afford a trip like that and they've never seen my home of 20 years. I would love it and they would be thrilled to have what to them is an extremely exotic trip. I also happen to believe that money is energy and needs to be distributed to keep a stimulated flow going for everybody's best interest. The rest I would put in an ETF and let grow for later. I normally don't comment like this, but I wanted to put it out there for good measure. Thank you for the valuable content. I enjoyed this video
$10k wud buy 3 ferrari oil changes
Or 2 Lambo oil changes
Or 24: Porche turbo 9-11 oil changes!!!
Hmmm... I do four of those and have done very well financially. I do debt (on purpose), eating out, shopping, and alcohol.
Bonus #5: I used to have an emergency fund, but replaced that with passive cash flow.
Totally agree on car, which is why I gave away my car 15 years ago and never replaced it.
Totally agree on wrong relationship: my wife is awesome and we're on the same page.
I agree on the rest, of course.
If I was given $10,000 in cash,I will use half of it to get insurance to activate my own trucking Authority so that I can be completely independent,I will keep the remaining half n my truck maintenance account.
I'd invest in good roi some stock some crypo to get high interest back to me . Maybe real-estate to
@7:29 not sure where you got the $57,008 figure from for credit card debt. All data I’ve seen puts average credit card balances at around $5,500 for Americans. Average number of cards is 3 which would yield about $16,500 total credit card debt on average?
Right
Who could even get that kind of line of credit?
I got help by government during this pandemic and it’s a quite a lot , I saved it for a rainy day and use for my courses as for my business! , I think I’m very wise in this one
You didn't get money from the government, you got money from me
@@AJdet-2 me too.
I’d like it back. I received precisely $0 from you, or from my own prior *donations,* or from anywhere for that matter.
How were people *getting* a lot of $ during the pandemic? Wish I would have gotten that memo.
@@harrietcraig7817
My reply concerned the thought process of people who receive government benefits no matter what the form. They truly believe they get money from the government. Well where does the government get its money hello hello hello. The government takes almost 60% of what I make, and that's just the federal government. So when somebody says they got something from the government ... no they didn't,
They got it from me and people like me. We don't need the government to tell us when to help somebody. We're perfectly capable of making that decision, and a citizen of this country has always helped his neighbor, without being forced to..
I know that you understand Harriet this is for people that might read both of our comments
Put it in my portfolio to buy more stocks
If given 10,000 dollars, I would pray about how, and what to do with it. Maybe split it in three ways, investment, bills and ME!
Since I haven't yet quiet developed my skills
I had purchase a house or a building worth nearly that amount, and put tenants on it.
What would I do if I magically got $10,000?
Buy myself a VR Headset and put the rest into my savings account to save up for the down payment for my first house.
What will I do with 10k? Ans: Keep 50% as my savings/emergency funds the other 50% I will start a business where I can still keep my 9-5 job. by the way Sir i think there is an error on the graphic; you mentioned 90million gal of wine but on the graphic its written as 900million. Thanks for the financial education your sharing!!
10K usd. Will add to my stock market investment.
I Will invest the money straight away
I would have invest 5000 to stocks both on equity and bonds then the other 5000 will be use to startup a business that I am passionately doing everyday.
If I had $10,000, I would save half and use the other half to start my game design company.
Reading about people grabbing multi-figures monthly as income in investments even in this crazy days in the market,any pointers on how to make substantial progress in earnings?would be appreciated.
Great say on crypto and passive platforms 👍 my honest opinion is only promoting what is working.
You make it seem unreal to make up to that as a passive income annually,when it’s clearly possible. I have made over 1Hunnid thousand dollars from January till now with no joke game plan. She’s a masterpiece and her name is Eliana Brooklyn.😁
Kindly reach her thru Tele gram page with
Elianabk is the name
@@bigog4559 This lady right here,I tradr with her she’s inventive and the P.O.T are no jokes, I won’t look awestricken u made mention of her,,
Eating out always gets me.
Give it to a hard money lender who hopefully can give me 80% of a house I was thinking of renting out that's close to my parents house. Add extra income for myself and my family
If I got $10K, put it into a CD and forget about till I retire! Safe and it is earning money for me! Best way ti invest for one’s future!
Invested
Invest it in a good mutual fund, although I think the market is being falsely held up
I would drop the 10G's in a couple of double eagles and a couple of Walmart stocks. I like gold and shopping at wally world. Not rich in money but rich in living life.
I will add to my IRA pay off some of my % free credit cards, and do some home upgrades.
If I'm given $10k? I will invest the 5k, capital for small business 3k, 1k for my personal needs & thanksgiving, 1k for family/relatives/friends/charity who really needed help. Thank you for new knowledge!
I would put that $10k in an S&P 500 index ETF.
Excellent advice
Pick the right partner
Do not be in a rush. There are a lot of gold diggers out there
Her past is your future
What assets does she bring to the table?
Is she her parents’ pension plan?
Don’t get love bombed into a life long commitment
Learn to be rationally selfish.
If I am given $10k, I would pay off my credit cards and start building back my emergency fund
One more point to add: Bloody scammers in the comments section lure you to invest your hard earn savings with them pretending to be your ‘broker’. God! I am sick of losing my money to these bastards!
Buy 3 I bonds spread over 3yr maturity
With £10,000 id tithe 10%, save £5,000 and start my dream business out of my garage. Its just sitting there empty. Id love to sell kitchen appliances. With £4,000 i could buy the van i need and my first stock.
Go for it!
Invest towards real estate or mutual funds
With 10.000 I put on down payment for an apartment to rent it.
I would invest it in assets
Invest 100%
$10k WOULD GO RIGHT TO THAT 2 tone ROLEX SUBMARINER!!!
(Or 11 more TESLA SHARES!!!)
10,000 dollars given. 9,000 would go mutual funds, liquidity and stock market. Rest 1,000 treat my friends. 😁
🔥🔥🔥🔥
I disagree with the jewelry. Gold appreciates overtime.
If someone gives me $10,000, I will save the majority of it to avoid debt and have savings for various expenses.
With $10k I would get a new roof and a couple window replacements.
Stocks ETF
Good video. Reality is brutal
is 10k enough for emergency fund?
The amount of an appropriate emergency is 3 to 6 times your monthly expenses.
if you give me that amount of money, i will invest it in stocks or in mutual fund.
I'm going to flip that $10,000 on the blackjack table
$10000
In my country that a lot so I'd put up 50% as a down-payment to buying a house to lease out
25% I'd put into compound interest earning instruments
10% invest in stocks
15% start my service business
Buy Tesla stock
some people usually spends money they don't have yet to impress people they don't even like.
Gambling is Haram in Islam.
Debt with interest is Haram.
Clothing for show off is Haram.
Alcohol is Haram.
Jewelry for Men is Haram.
10k…since one may need 6mo to a yr….all emergency fund.
Pay off my debts and save the rest hopeful
What about if you don’t have a job?
invest the money into assests
The year just barely began and I won't want to repeat some mistakes made last year, I would love to start investing and jump on some great opportunities, I have $50k set out for it,please can someone share any long term investment idea?
God bless you
hi
Bless you too , I've been investing too and I advise you get an investment advisor who will guide you and build intelligent investment ideas to meet your financial goals.
For me I work with Anna Sophie Fletcher a pro investment
advisor, her knowledge and ideas has been top notch.With her help and great guides I make so much returns from my investments.
@@plan_bBitcoin You can make a quick research of her on web get the necessary info you need then reach out to her, research with her full name below.
SOPHIE FLETCHER SERVICES
Not one shoe fits all?..
How about a Golden Slipper
You left out boats and campers! Hard to be a happy camper when you pay so much for those items.
invest 10k in I bond pay around 7.5%
I agree there is financial illiteracy. But they won't teach financial illiteracy in school.
If I had the $10K it would be invested in an I Bond gift (April 2022}!
Wait. 6K for an engagement ring?! 🤔 I thought it was supposed to equal 1/3 of your annual salary!? 🤷♂️ 25K sounds more realistic.
$10,000.00 ? Firearms and ammo ,maybe but seriously use it to fix up the house .
I’ll buy a food truck start cooking park by the beach.
With 10k?I would put it to use for me to gain more profit.
Eleven things that will destroy your wealth: 1) lawyers, 2) federal and traffic court judges, 3) tax collectors 4) student loan officers 5) hospital bill collectors 6) Ponzi scheme employers, 7) self-pay publishers 8) physicians, 9) used car dealers, 10 psychiatrists and 11) trust fund bankers
Swing by the mall ? What world are you living in
If I were given 10,000 in cash I would put half in emergency funds and rest in paying off debt.
If I was giving $10000 ,I would pay off my student loans
$10.000 ??... $5000 I'll invest in my apartments and the rest I'll save for rainy/sunny days. After 7 to 8 months, my apartments has made the $5000 and I'll invest it again in more apartments... After one year, I've made 3 times $10.000... Simple. What I'll do with that amount of money? Invest it again