Protecting your capital is often more crucial than chasing profits. The reason is simple: if you lose your capital, generating returns becomes significantly more challenging. It’s a choice between 'missing an opportunity' and 'losing your money.' Opportunities are plentiful, but if your capital is depleted, it's game over.
No one has all the answers-you need to develop your own strategy, manage risk, and stay committed to your plan, no matter the circumstances. At the same time, it's essential to learn from your mistakes and keep refining your approach.
After the 2008 financial crisis, I learned not to place my full trust in corporations. Since 2020, I've been investing with a financial advisor, and I've avoided any major losses. As a result, I'm no longer relying solely on banks for my financial strategy.
Choosing the right advisor is a highly personal decision. I work with Rebecca Lynne Buie to help me meet my growth objectives and avoid costly mistakes. She's highly qualified, and you can easily find her profile online.
@michaelkim4703 you are the Simp the fact you commented the same thing twice and had to try and use the same insult twice in one comment because you have nothing else 😂
9:50 i saw this quote 10 years ago " if someone can tell you when to work , what to wear & how to behave you are not a free person " . And I realized i don't want this life. I quit my stupid job and went solo as a solopreneur. Today I'm not only a free person who can wake up anytime i want and go for a walk at mid day , I am also financially free . Thank you Universe for guiding
@@realmellowvibes950I quit working in automotive paint for awhile and grew pot… now I do independent work pressure washing and legit tropical and succulents . Tides come and go. Some people just want to sound mysterious as if it’s not all a job . Still paid by someone else .
Wealth & health go hand in hand. With wealth you’re able to lead a healthy lifestyle, access healthcare & take preventative measures. Far too many poor people have bad health (or worse) because they can’t afford these.
@@AnoJanJan Excuse me but I have found that one does not need wealth💰to be informed medically as well as nutritionally. Libraries and self research can provide a lot to one’s healthcare.Voilà.! Thank you ❤️🎶
@@AnoJanJanI agree with you… to a point. There aren’t coupons for organic apples but there are sales. Gym memberships can be expensive but walking and stretching are free. A personal trainer is costly but resources at the library are free. Sometimes a few no cost positive choices can make all the difference. I don’t knock anyone for having a lack of resources but perseverance is key to get where you want to go.
If you are poor and wanting to be rich, it is like being unhappy and wanting to be happy. The first piece of homework is accepting that you are only one responsible for your wealth/happiness and you are the only one with the authority to affect this. It's up to you - decide what you want and then do something to affect a positive change, every day. Maybe you'll have days where nothing happens but, after some days, things improve. Keep adding days and the improvements increase. Great video you've made here - content, delivery and production.
I went from homeless to buying a very nice house & a new car. Once ppl who didn't have much to do with me started contacting me. I remember how they treated me before when I had almost nothing. If they say I've changed I'll agree & say thank u. It's not where u come from. It's where you're going that matters. Thank GOD for changing me & Blessing me!!!
Bless brother i am a bit in that situation but haven't made that achievement yet but I believe I will make it,, n I already knew they gonna come back those lion in sheep coat, cause there already starting to approach lol I could av be a millionaire now but my kind caring heart n wrong decision wrong circle n they gone once I fell, am still going still positive still sharing but I give more that really deserve fake friends I talk hi, how r u, but we done n with father God almighty protection n blessings I will be happy one day n achieve my dream. Bless up ❤
I went from many felonies, prison, drug addiction, homelessness, then accident losing an eye. After that doctors said I shouldn’t work. Due to TBI and seizures from pain. Well I work 80 hours a week. Bought a home. Trying to pay it off in 10 years.
Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Instead of trying to predict and prognosticate the stability of the market and precisely when the change is going to happen, a better strategy is simply having a portfolio that’s well prepared for any eventually, that’s how some folks' been averaging 150K every 7week these past 4months according to Bloomberg.
The professionals presently control the market since they not only have the essential business strategy but also have access to inside information that the general public is not aware of.
You have a very valid point, I started investing on my own and for a long time, the market was really ripping me off. I decided to hire a CFA, even though I was skeptical at first, and I beat the market by more than 9%. I thought it was a fluke until it happened two years in a row, and so I’ve been sticking to investing via an analyst.
Vivian Jean Wilhelm is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
Thank you so much for your helpful tip! I was able to verify the person and book a call session with her. She seems very proficient and I'm really grateful for your guidance
After reading your info, I've learned you're a man, not a girl, so I changed my message. I love your content and the fact that you hire somebody to read your scripts. You're giving a job to somebody else! I loved this video. You've got a new subscriber dear RUclipsr!! A hug from Argentina 😊❤
Last year the bank offered me to invest in some stocks. I have never done that but my father did. Ofcourse the bank will have profit from it but I also. So I heard the seller from the banks story and I agreed to jump in. Remember, I have no job so only unemployment money. The first rise was 11% and this month it was 8%. So yeah, with my little money I stepped over some fear and took a risk. Now something else about fear. My best friend rents an apartment for many years already. He bought from his little money ( he works at the city's green/ landscape service to keep the city green tidy) a real airco system for in his apartment. The hose most go through the fold window above his balcony door. But the hose is 150mm in diameter but the small window only opens at 45° to 90mm. So I tell him, but a window opener that opens the window further. No, it is not my own house and when I drill holes it might rot and I get the bill later....Thus he sees only bears on the road ( problems). In the mean time I made an enormous hole in my house 20" full rock wall from 1870 to make a door to my garden. I bought the door ( from wanting something to actually do it to reach a goal), demolished the wall under the window, got the neighbor out of his garden to help me to take out the window and so after several weeks I have a door to my garden. It was a lot of work but I made(!) it. In the meanwhile my best friend did nothing to be able to use his new airo system. I push my idea to get it/things done. So, my friend is always proceeding carefully and slow and I make it happen. My friend lives in The Netherlands and I live in the Ardennes but I am also Dutch. So now I can use the door to my garden and my house is worth more and he is still sleeping in a warm bedroom. As a best friend I told him to find a solution to be able to use his machine. Thus sometimes or many times you have to go beyond a fear. Regards from the Battle of the Bulge area
Thou shall not covit (envy) Work hard, humble thyself, and seek wisdom and understanding, as the Scriptures teach us! It never ceases to amaze me how on-point His Word proves to be, which is why it's the #1 best-selling book of all time ( & why the cross is THE MOST powerful symbol on earth - unmatched by any other ) Thank you for the great content, friend !
Its true rich people are always positive and nevee give up on their dreams and goals! Most of them fail 99 timea but win 100th time... this I will teach my daughter to always be confident and never give up
It's infinitely easier to dance on a tightrope if you have a safety net below. If poor people appear risk averse that has much to do with this concept. Without the security of that safety net, consequences are completely devastating.
This is an example of poor person thinking. Having a safety net gives the option of failing without any real consequences. You see that safety net as a positive thing, it’s not. People who become wealthy from nothing do so because for them, failure is not an option. They treat every challenge as something they have no choice but to overcome at any cost. How hard do you focus when you know you can fall and still be Ok, compared to knowing that it’s all over if you make one mis-step, if you lose focus for even a second….. You are proving the point that it’s a poor mentality that keeps most poor people poor. Those who will ultimately stay poor are the ones who will see their lack of a safety net as an excuse not to try. Those who will succeed see their lack of a safety net not as an excuse not to try, but as a reason to work harder to be laser focused and thoroughly prepared because they know that the consequences of failure leave them only one choice: succeed at all cost.
@@MDC_1985MDC it's fun to play backseat driver in someone else's life but stop. A person would be an irresponsible and negligent twat to play on a tightrope without a safety net when they have a family depending on them. Only an A-hole would make gambles that might involve their kids going hungry. A safety net that allows mistakes is a huge advantage for those that have it. Things don't always work out and people can lose their homes, cars, and kids if they are too risk tolerant. It's not a poor person thing, it's a responsible human thing
@@rayzerot more excuses not to do something rather than finding ways to overcome. Family is a perfect excuse too, now you can blame your fear and your total financial dependence on the idea that you are making a noble sacrifice for them……. Ohh and you get to teach them to be sheep, who can’t think for themselves and see everyone who does succeed as, wait how did you’d put it…”a-holes” and “negligent twats”…. Yes because you are clearly maintaining your moral high ground by never believing yourself equal to any challenge that requires determination or independent thought. What an example that must be… I’m sure your children’s children will be thankful for the legacy you’ve created for them.
@@MDC_1985What bull shit. I retired from working at Social Services. Stuff HAPPENS. I had a guy who was comfortably wealthy, lovely high-priced home, really excellent job. His wife contracted a very rare, insidious disease, that used up the lifetime limit on their VERY good health insurance. Treatments then had to come out of his pocket. There were ways I could advise him so his wife got her treatment & wouldn’t die, but in no way was he on any kind of ‘get rich’ track anymore. These types of books & videos sell a lie. With the current system in the US (especially health care) it’s Russian roulette at best. Some of the advice is fine if you are just talking quality of life, making sure you don’t end up on the streets etc, but these suggestions are in NO WAY guaranteed to make anyone rich.
Not to brag, but I got tipped $100 from the guy who doesn't normally tip at all. He just said he likes how I took my time, effort and the work I've done. All my coworkers were mad at me 😂. Hey, that's why they call me Money Making Mitch 😅
I got feeling this video will help them to be multimillionaires within 5-10 years~ As John Lennon said "I rather be rich and happy than poor and miserable"~ Do not forget, low stress, fitness and no process sugars with a whole food diet ~this matters most for Happiness/Longevity!
@@Kai-p2g How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?
On the time spent point; in many circumstances, getting a job done in a good timeframe (not rushed, but no dithering) or making a decision quickly, is more important than getting it perfect. A mistake can be remedied as long as youve left contingency time, and you learn from the mistake. Plus finishing the task gives time to evaluate, whereas if you take ages aiming for perfection, you might not leave enough time to check you actually got it right. Sometimes you get tunnel visioned aiming for perfection
This message taught me a lot ❤❤❤ some months ago I was willing to do everything possible for my growth but I ended up being having negative thoughts 😢 I realized much through this video's and I am back on track ❤❤❤ Thank YOU so much little better than yesterday 😂🎉
Hey, just found your channel the other day and am super grateful. I’ve read or listened to a lot of the books and I love getting your summaries to remind me of important ideas. Appreciate the world you’re doing!
Just subscribed too! Love "17 Secrets..." summary! "Fear, doubt, and worry are the biggest barriers to success and happiness" "Financial freedom should be the goal before being wealthy" Makes sense!😊
Arm > leg! Take care of your health, live within your means, mind your own business. Life is about relationships and helping others. (p.s. stop watching the news)
I'm new to your channel but I've watched several of your reviews. This may be your best one so far! As a small business owner I can totally relate to the thought process of both the rich and the poor. I'm going to make my 3 Sons watch this one for sure. Keep up the great work!
Examples from others - speak louder than words … work with the best to become the best.. speaking from my own experiences - walking the streets at 17 Yrs - looking for work… / things worked out well.. just the same … did things my way… $$ 😊
Love this but one note: 4th one, there are Risk Managers and Advisors who get paid A LOT of money to advise on challenges, obstacles and risks. Not to advise to stop project or idea, but to go forward with eyes wide open and build in actions to mitigate risks. That’s not a poor people mentality. That’s seeking wise counsel. I’m not totally disagreeing; just pointing that out.
About the money and not learning how to use it (properly): It's the old paradox Aristotle already put in words: If you are uneducated in one area, you don't know that you don't know anything. "The more you know, the more you realize that you don't know." Well, you somehow first gotta learn just enough to get to that realization...
I’m only on Difference #9, but had to stop and comment on #8. SO TRUE! Complain and blame! That’s all I hear from “poor” people. One of my mantras is “R/R”…no, not railroad crossing, but you can let it remind you of “Respect AND Responsibility.” Show respect and take responsibility. Great video so far!
OK….found #14 to also be very true! Wealth and net worth are far more important than income. It’s not how much you make, it’s what you save and invest that build the most millionaires.
This video does really fall in place and allignment with my new career. The free workshops and seminars we attend at our meetings revolve around those ideas to help us become more successful. I don t know what to pick first from your presentation, but the last covers all the poor mindset: Poor people are jealous of all rich and succesful people. How many times have YOU heard poor people gossiping the rich? I m curious🤔 what was the most evil comment you ve heard? 😉🤭
Great summary. I really enjoyed it. There are countless RUclipsrs who create book summaries, but this channel is my favorite. The summary is neither too short nor too long. It's perfect to make you feel like you've read the book and gotten the key takeaways.
Love it. Tanks for sharing. Take the 10 step ladder first. Yes I'd allowed Fear to stop me...but NOW means No Oppotunity Wasted. I'm stepping on the ladder😊
I watched an anime a long time ago. The M.C met someone who was dying and that man taught him fighting techniques before he past. Just b4 he died he told him "those who have glimpsed an ideal have an obgligation to making it a reality!"
Im Not rich but I have financial freedom and I say exactly the same about money it is a Tool nothing more nothing less but an important one everything you see around you costed money everything has its worth. You just have to use it.
Absolutely loved every single Secret!! Certainly motivates me to change my perspective on a few things. I've even shared this video with others!! Thank you for doing this.
This is called reverse causality: The mindset doesn't get people rich or poor. People adopt a mindset based on their experiences as a rich or poor person, because humans are for a big part product of their experiences.
Rich people focus on opportunities, poor people focus on obstacles, this is amazing, it changes my perspective to see the problems as opportunity, i don't have enough money, there is a opportunity, opportunity to make money, to learn new skillset, to learn more about financial management for me to become financially stable, if you focus on opportunities you will get more opportunities, that's great, thank you so much i just did what you just had said in the part of listing my net worth and i realize that it is true, it's not about how many books you read, but it's all about on how many books you applied in your real life that matters!
🎧To listen to the AUDIO version of this book for FREE check out Audible below. Sign up for a 30-day Free trial to get 1 book for free(any book). You keep the book even if you cancel before the trial ends. 👉amzn.to/3kS1eNH I personally have been using AUDIBLE for over 5 years and it is THE BEST app on my phone. I can listen to books while I am going somewhere, walking in the park, or doing some boring job :) P.S. I personally use and recommend the AUDIBLE PREMIUM PLUS option. It gives you 1 credit every month which you can use to buy any book regardless of how expensive the book is.
Difference #9 Rich people manage their money well (while mismanaging other people'smoney, never gamble withyour own money when you can use someoneelse'smoney), and poor people mismanage their money (on the advice of rich people, when banks fail it isn't the bankers who go hungry) Sums up the finance industry perfectly.
80% of wealth is acquired either through inheritance or illegal practices. ( This includes- fraud, tax fraud, tax avoidance, drug dealing, human trafficking, modern day slavery and exploitation of working people.) That leaves only 20% achieved via hard work and honest endeavour.
@@AncientWisdom222 wealth is a manupulating system, has nothing to do with nature, i just need it becouse of our made up system, in other conditions i wouldn't need it and neither you, you don't need money if you can't spend it. If your valutha is not accapted than its worthless...
Thank you for the 100+ hours you have spent on this video!! It's truly life changing information. You are now one of the successful people I'm going to hang out with 😄 be blessed sister
I really got a lot from this video. I am on SSDI,at the moment I am going through a difficult time but I know managing my finances is the only way I can feel like I have more money than I actually have. This video has given me a lot to think about and when I am up to it I can apply some of these techniques to my life. Thank you for sharing.
I truly love your video and agree with a lot of the true knowledge that you’re sharing with us from that book and I wish that you add in it another fact of (CONSEQUNCES) not everything in poor man’s life is (FEAR, DOUBT AND WORRY). Rich person can handle the lost simply because he or she has enough to back him or her up in a lost situation, but a Poor person will lose everything as consequences of his or her failure, so fear, doubt and worries are a very important guidance to survive in this life but they must start some ware with precaution if they want to be rich sometimes in this life.
Every single investment that pays big is also very risky. Only wealthy people have the cushion to survive that risk, so they also get the biggest payoffs in investment. The bad investments are a mere speed bump and if they have positioned themselves correctly they can possibly write off those losses anyway. (and only rich people can do that, too).
Rich people go big or go home, they dont worry about how much they have in their bank. They more money they have the more risk they take, but they bet 100% of they money not portion. Just like a gamble. Life is a gamble, but you have to play it smart not blindly and hoping it would work.
@@aaakhmed Actually, rich people don't gamble their OWN money. They are masters at getting investors and backers. Wealthy people don't put their own money at risk. They put YOUR money at risk.
Rich and poor are unhelpful references here. Abundance mindset and scarcity mindset are preferable because having money doesn’t necessarily make a person abundant , or ‘rich’ in their wider life. However, the points in the video (& book) are accurate in defining both mindsets. Personally, I have learned an abundant mindset and tried to release myself from scarcity. For example: taking more risks, but if some do not work, it’s not failure, but a process to success. In this way my successes have been more, and I have learned so much from the rest that I can apply in future situations.
I really love your content. Thank you for making this! For me that doesn't have the money to buy all these books. I wish I found your RUclips channel earlier in my life. ❤
It's amazing to me how much of this is Biblical. Very powerful confirmation for me. But I agree with a lot of it, I hope more people expose their mind to this knowledge. Wealth is waiting for us, may we all go and get it by ridding ourselves of this poverty mindset.
I just turn 55 May 29 I have been working for Goodwill for some 5years somehow I can only get part time feeling Goodwill makes a worker more handicapped than independent I am one that trys hard not to call in sick.. and Goodwill doesn't pay enough for the rent and bills
Oh man. I am totally guilty of so many the poor person mentality. Fortunately I’m married to someone with the rich person mentality. He takes me out of my comfort zone all the time but it has all been beneficial.
,love the brutal honesty coming from the son of a retired grocer who travels 10 miles in heavy traffic to save 40 cents on a can of mushrooms 😂...not me ...him
Good words, never risk what you can’t afford to lose, but always have a higher vision and dream big! Take risk and learn from things that don’t work, don’t think of them as failure, but another way it won’t work!
Excellent video! I've read Harv Eker's book, and you really di him justice on this video. I hope you reach 10M views! Well done, and thank you. I just watched it this morning like 4 times,
This is a great video, thankful that you presented to us. The main 2 ideas I take from it are 1) how to split money between investment/education/etc (around minute16) and 2) what gets tracked will be better, so I will set and monitor more KPI in my business
There are definitely nuggets of truth here that are useful for breaking a poor person out of some self-defeating mindsets. There is also some self-congratulatory messaging that wealth and poverty are simply self-inflicted, strongly implying that the rich need not concern themselves with the poor. On balance though, I think it’s a useful video for someone just starting to think about building financial security. But read some other material on this topic for balance.
Generally good advice, but your statement (9:40) that you don't like taking public transport rather smacks of snobbery. I prefer it to the taxi because the money I save can be spent on the things I most enjoy - cider and holidays.
Who defines who's poor? I have never been poor in my life or felt it and I am not a millionaire. Who labels people like that? Who is anyone to say someone is poor. That person is the only one that can define themselves. So many people have wonderful lives that are not rich but they feel rich inside and that's where it counts.
I ❤ your videos. I hope people appreciate and use the infornation you put out there. I know from personal experience that, success and getting what you want in life, is only a decision away, followed by, planning, setting goals, descipline, and hard work.......
The problem most people have is that companies (rich people) don’t appreciate people in their companies that suggest and tr😮y to Do things that get results. Because , you have middle managers who mostly (not always) try to hold down people who try to suggest improving results, as opposed to obeying rules!!!
REALLY GOOD VIDEO I do almost all of these things naturally never having sought out any mentor or advice. Mainly trial and error along the way but MOST IMPORTANTLY I HAVE ALWAYS HAD AN EXCEPTIONALLY GREAT ATTITUDE never depressed or sad in my life and not afraid of failure. I have all the things my heart could ever desire and $$$$ as well . thanks for sharing with others and giving me reflection of many things I have never given a second thought to
"Life is a *banquet*-and most poor suckers are starving to death!"-from "Auntie Mame"...the quote that came to mind when you said rich people feel like life is an endless buffet :-)
Hi Guys, thank you so much for watching💝If you want more book summaries like this one check out the playlist here - ruclips.net/p/PLlbl0lCipVePKje8Kb3vrhmG4CZq4a134
Thank you so much for your videos!😍 I only knew your channel today and I already watched 2 videos of yours and they really opened up my mind on new possibilities! Keep making more of these. I really love your content! 💘💘
One lesson I've learnt from billionaires is to always put your money to work, and diversifying your investments. I'm planning to invest about $200k of my savings in stocks this year, and I hope I make profits.
You are right. The best approach I feel is to diversify investments- by spreading investments across different asset classes like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown.
That makes sense. I’ve been using a financial market expert for two years now and I own a six-figure diversified portfolio from investing in stocks. I want to diversify more this year, though.
@@derrickholfman2 I really want to get in with a financial advisor this year, especially as all markets are hitting lows. I don't want to be too optimistic and end up losing everything.
Thanks for sharing. I curiously searched for her full name and her website popped up immediately. I looked through her credentials and did my due diligence before contacting her.
I live on the outskirts of Denmark, so far out that even the crows turn around but I like the video and nobody there will notice if I take a small break so I can place the video in one of my playlists if I want to.
Robert Kiyosaki ''EARN more and increase your Financial IQ'' - ruclips.net/video/gY5c9fY5ETM/видео.html
Can you tell me which App you used for this kind of videos ? Kindly guide for this ..😊
Protecting your capital is often more crucial than chasing profits. The reason is simple: if you lose your capital, generating returns becomes significantly more challenging. It’s a choice between 'missing an opportunity' and 'losing your money.' Opportunities are plentiful, but if your capital is depleted, it's game over.
No one has all the answers-you need to develop your own strategy, manage risk, and stay committed to your plan, no matter the circumstances. At the same time, it's essential to learn from your mistakes and keep refining your approach.
After the 2008 financial crisis, I learned not to place my full trust in corporations. Since 2020, I've been investing with a financial advisor, and I've avoided any major losses. As a result, I'm no longer relying solely on banks for my financial strategy.
Market behavior can be unpredictable and challenging to navigate. Would you mind recommending the specific advisor you've worked with?
Choosing the right advisor is a highly personal decision. I work with Rebecca Lynne Buie to help me meet my growth objectives and avoid costly mistakes. She's highly qualified, and you can easily find her profile online.
she appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.
A message to the girl who created this video, you've crushed it keep up the good work hugs, see you at the top.
I
You're not going to the top with these comments
You're not going to the top with these simp comments simp
@michaelkim4703 you are the Simp the fact you commented the same thing twice and had to try and use the same insult twice in one comment because you have nothing else 😂
9:50 i saw this quote 10 years ago " if someone can tell you when to work , what to wear & how to behave you are not a free person " . And I realized i don't want this life.
I quit my stupid job and went solo as a solopreneur. Today I'm not only a free person who can wake up anytime i want and go for a walk at mid day , I am also financially free . Thank you Universe for guiding
Why won't you thank God?
bcoz i need to thank him personally if he appears in front of me and tell me i owe my success to him.
What business did you start??
@@realmellowvibes950 Let's just say that i have a very particular set of niche knowledge & skills that not many people can do or knew about .
@@realmellowvibes950I quit working in automotive paint for awhile and grew pot… now I do independent work pressure washing and legit tropical and succulents . Tides come and go. Some people just want to sound mysterious as if it’s not all a job . Still paid by someone else .
Most important thing! ......... you must have health. Without health you cannot do anything. So start with health! Thank you 🙏❤️🎶
Wealth & health go hand in hand. With wealth you’re able to lead a healthy lifestyle, access healthcare & take preventative measures. Far too many poor people have bad health (or worse) because they can’t afford these.
@@AnoJanJan Excuse me but I have found that one does not need wealth💰to be informed medically as well as nutritionally. Libraries and self research can provide a lot to one’s healthcare.Voilà.! Thank you ❤️🎶
@@AnoJanJanI agree with you… to a point. There aren’t coupons for organic apples but there are sales. Gym memberships can be expensive but walking and stretching are free. A personal trainer is costly but resources at the library are free. Sometimes a few no cost positive choices can make all the difference. I don’t knock anyone for having a lack of resources but perseverance is key to get where you want to go.
@@MrJOHNMICHAELVEGA Are libraries and self-research going to treat your cancer? Are they going to give you the chemo you need?
Just don't get fat.
If you are poor and wanting to be rich, it is like being unhappy and wanting to be happy. The first piece of homework is accepting that you are only one responsible for your wealth/happiness and you are the only one with the authority to affect this. It's up to you - decide what you want and then do something to affect a positive change, every day. Maybe you'll have days where nothing happens but, after some days, things improve. Keep adding days and the improvements increase. Great video you've made here - content, delivery and production.
I went from homeless to buying a very nice house & a new car. Once ppl who didn't have much to do with me started contacting me. I remember how they treated me before when I had almost nothing. If they say I've changed I'll agree & say thank u. It's not where u come from. It's where you're going that matters. Thank GOD for changing me & Blessing me!!!
Bless brother i am a bit in that situation but haven't made that achievement yet but I believe I will make it,, n I already knew they gonna come back those lion in sheep coat, cause there already starting to approach lol I could av be a millionaire now but my kind caring heart n wrong decision wrong circle n they gone once I fell, am still going still positive still sharing but I give more that really deserve fake friends I talk hi, how r u, but we done n with father God almighty protection n blessings I will be happy one day n achieve my dream. Bless up ❤
His mercies be upon you, brothers !
& sisters lol
I went from many felonies, prison, drug addiction, homelessness, then accident losing an eye. After that doctors said I shouldn’t work. Due to TBI and seizures from pain. Well I work 80 hours a week. Bought a home. Trying to pay it off in 10 years.
Not born in 1940. Don’t know why it’s in my name
Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Instead of trying to predict and prognosticate the stability of the market and precisely when the change is going to happen, a better strategy is simply having a portfolio that’s well prepared for any eventually, that’s how some folks' been averaging 150K every 7week these past 4months according to Bloomberg.
The professionals presently control the market since they not only have the essential business strategy but also have access to inside information that the general public is not aware of.
You have a very valid point, I started investing on my own and for a long time, the market was really ripping me off. I decided to hire a CFA, even though I was skeptical at first, and I beat the market by more than 9%. I thought it was a fluke until it happened two years in a row, and so I’ve been sticking to investing via an analyst.
Your advisor must be really good. How I can get in touch? My retirement portfolio's decline is a concern, and I could use some guidance.
Vivian Jean Wilhelm is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
Thank you so much for your helpful tip! I was able to verify the person and book a call session with her. She seems very proficient and I'm really grateful for your guidance
After reading your info, I've learned you're a man, not a girl, so I changed my message. I love your content and the fact that you hire somebody to read your scripts. You're giving a job to somebody else! I loved this video. You've got a new subscriber dear RUclipsr!! A hug from Argentina 😊❤
What?
Thank you so much😍
I found that all the 17 list of poor people matches me 😢 so I will change it for the better now, thanks for the helpful video.❤
Last year the bank offered me to invest in some stocks. I have never done that but my father did. Ofcourse the bank will have profit from it but I also. So I heard the seller from the banks story and I agreed to jump in. Remember, I have no job so only unemployment money. The first rise was 11% and this month it was 8%. So yeah, with my little money I stepped over some fear and took a risk. Now something else about fear. My best friend rents an apartment for many years already. He bought from his little money ( he works at the city's green/ landscape service to keep the city green tidy) a real airco system for in his apartment. The hose most go through the fold window above his balcony door. But the hose is 150mm in diameter but the small window only opens at 45° to 90mm. So I tell him, but a window opener that opens the window further. No, it is not my own house and when I drill holes it might rot and I get the bill later....Thus he sees only bears on the road ( problems). In the mean time I made an enormous hole in my house 20" full rock wall from 1870 to make a door to my garden. I bought the door ( from wanting something to actually do it to reach a goal), demolished the wall under the window, got the neighbor out of his garden to help me to take out the window and so after several weeks I have a door to my garden. It was a lot of work but I made(!) it. In the meanwhile my best friend did nothing to be able to use his new airo system. I push my idea to get it/things done. So, my friend is always proceeding carefully and slow and I make it happen. My friend lives in The Netherlands and I live in the Ardennes but I am also Dutch. So now I can use the door to my garden and my house is worth more and he is still sleeping in a warm bedroom. As a best friend I told him to find a solution to be able to use his machine. Thus sometimes or many times you have to go beyond a fear. Regards from the Battle of the Bulge area
We are only human..we will pull through..u got this..I got this..we will prosper😊
''You may read it, talk about it, heard about it but as long as you arent doing it you donno it'' 😮😮amazing
Financial management is a vital subject that many avoid, often leading to future regrets.
truth
Any suggestions for basic financial management book ?
It’s call budget
Thou shall not covit (envy)
Work hard, humble thyself, and seek wisdom and understanding,
as the Scriptures teach us!
It never ceases to amaze me how on-point His Word proves to be, which is why it's the #1 best-selling book of all time
( & why the cross is THE MOST powerful symbol on earth - unmatched by any other )
Thank you for the great content, friend !
No doubt
"As a Man Thinks, So He Is" Proverbs 23:7
Its true rich people are always positive and nevee give up on their dreams and goals! Most of them fail 99 timea but win 100th time... this I will teach my daughter to always be confident and never give up
This analysis was absolute genius!!! I’m dealing with folk daily who has that small limited mindset! Excellent work done right here!💪🏿💯
It's infinitely easier to dance on a tightrope if you have a safety net below. If poor people appear risk averse that has much to do with this concept. Without the security of that safety net, consequences are completely devastating.
This is an example of poor person thinking.
Having a safety net gives the option of failing without any real consequences. You see that safety net as a positive thing, it’s not. People who become wealthy from nothing do so because for them, failure is not an option. They treat every challenge as something they have no choice but to overcome at any cost. How hard do you focus when you know you can fall and still be Ok, compared to knowing that it’s all over if you make one mis-step, if you lose focus for even a second…..
You are proving the point that it’s a poor mentality that keeps most poor people poor. Those who will ultimately stay poor are the ones who will see their lack of a safety net as an excuse not to try.
Those who will succeed see their lack of a safety net not as an excuse not to try, but as a reason to work harder to be laser focused and thoroughly prepared because they know that the consequences of failure leave them only one choice: succeed at all cost.
Risk averse attitude isn't always bad, if recognized and managed. Use it to make best choices, rather than as a reason to avoid attempting anything.
@@MDC_1985MDC it's fun to play backseat driver in someone else's life but stop. A person would be an irresponsible and negligent twat to play on a tightrope without a safety net when they have a family depending on them. Only an A-hole would make gambles that might involve their kids going hungry. A safety net that allows mistakes is a huge advantage for those that have it. Things don't always work out and people can lose their homes, cars, and kids if they are too risk tolerant. It's not a poor person thing, it's a responsible human thing
@@rayzerot more excuses not to do something rather than finding ways to overcome. Family is a perfect excuse too, now you can blame your fear and your total financial dependence on the idea that you are making a noble sacrifice for them……. Ohh and you get to teach them to be sheep, who can’t think for themselves and see everyone who does succeed as, wait how did you’d put it…”a-holes” and “negligent twats”…. Yes because you are clearly maintaining your moral high ground by never believing yourself equal to any challenge that requires determination or independent thought. What an example that must be… I’m sure your children’s children will be thankful for the legacy you’ve created for them.
@@MDC_1985What bull shit. I retired from working at Social Services. Stuff HAPPENS. I had a guy who was comfortably wealthy, lovely high-priced home, really excellent job. His wife contracted a very rare, insidious disease, that used up the lifetime limit on their VERY good health insurance. Treatments then had to come out of his pocket. There were ways I could advise him so his wife got her treatment & wouldn’t die, but in no way was he on any kind of ‘get rich’ track anymore.
These types of books & videos sell a lie. With the current system in the US (especially health care) it’s Russian roulette at best. Some of the advice is fine if you are just talking quality of life, making sure you don’t end up on the streets etc, but these suggestions are in NO WAY guaranteed to make anyone rich.
Not to brag, but I got tipped $100 from the guy who doesn't normally tip at all. He just said he likes how I took my time, effort and the work I've done. All my coworkers were mad at me 😂. Hey, that's why they call me Money Making Mitch 😅
Hate to see what a brag would look like.
He rewarded you because he was impress by the result what you delivered 👏
Good job, big dawg money maker
I got feeling this video will help them to be multimillionaires within 5-10 years~ As John Lennon said "I rather be rich and happy than poor and miserable"~ Do not forget, low stress, fitness and no process sugars with a whole food diet ~this matters most for Happiness/Longevity!
You can also be poor and happy as much as rich and miserable.
Hallelujah!!! I’m favored and blessed with $60,000 every week! Now I can afford anything and also support the work of God and the church.
Congratulations
THANK YOU
@@Kai-p2g How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?
Her name is. ‘JENNIFER LEA JENSON’. She is my lnvestment advsor
How can I reach this advisers of yours?
On the time spent point; in many circumstances, getting a job done in a good timeframe (not rushed, but no dithering) or making a decision quickly, is more important than getting it perfect. A mistake can be remedied as long as youve left contingency time, and you learn from the mistake. Plus finishing the task gives time to evaluate, whereas if you take ages aiming for perfection, you might not leave enough time to check you actually got it right. Sometimes you get tunnel visioned aiming for perfection
Loved the clip! Thanks. Dr. Kay Sobhe, Certified Rug Specialist, Certified Rug Appraiser, Rug Ideas (since 1953) Los Angeles
This message taught me a lot ❤❤❤ some months ago I was willing to do everything possible for my growth but I ended up being having negative thoughts 😢
I realized much through this video's and I am back on track ❤❤❤ Thank YOU so much little better than yesterday 😂🎉
Its crazy how drastically we can fluctuate, simply by tending to either the wrong or right thoughts within the garden of the mind, huh!! 🙏❤️🔥
Hey, just found your channel the other day and am super grateful. I’ve read or listened to a lot of the books and I love getting your summaries to remind me of important ideas. Appreciate the world you’re doing!
Just subscribed too! Love "17 Secrets..." summary! "Fear, doubt, and worry are the biggest barriers to success and happiness" "Financial freedom should be the goal before being wealthy" Makes sense!😊
❤Great job ! Well done!!
Arm > leg! Take care of your health, live within your means, mind your own business. Life is about relationships and helping others. (p.s. stop watching the news)
I love hearing a human voice. This was so easy to follow and transparent. Subscribed, Thank you. Now to binge the REST of you vids.
I agree
I'm new to your channel but I've watched several of your reviews. This may be your best one so far! As a small business owner I can totally relate to the thought process of both the rich and the poor. I'm going to make my 3 Sons watch this one for sure. Keep up the great work!
Examples from others - speak louder than words … work with the best to become the best.. speaking from my own experiences - walking the streets at 17 Yrs - looking for work… / things worked out well.. just the same … did things my way… $$ 😊
Love this but one note: 4th one, there are Risk Managers and Advisors who get paid A LOT of money to advise on challenges, obstacles and risks. Not to advise to stop project or idea, but to go forward with eyes wide open and build in actions to mitigate risks. That’s not a poor people mentality. That’s seeking wise counsel. I’m not totally disagreeing; just pointing that out.
About the money and not learning how to use it (properly): It's the old paradox Aristotle already put in words: If you are uneducated in one area, you don't know that you don't know anything. "The more you know, the more you realize that you don't know." Well, you somehow first gotta learn just enough to get to that realization...
10:00 - love your description of your own definition of a wealthy life! Thanks for the detailed example.
I’m only on Difference #9, but had to stop and comment on #8. SO TRUE! Complain and blame! That’s all I hear from “poor” people. One of my mantras is “R/R”…no, not railroad crossing, but you can let it remind you of “Respect AND Responsibility.” Show respect and take responsibility. Great video so far!
OK….found #14 to also be very true! Wealth and net worth are far more important than income. It’s not how much you make, it’s what you save and invest that build the most millionaires.
This video does really fall in place and allignment with my new career. The free workshops and seminars we attend at our meetings revolve around those ideas to help us become more successful. I don t know what to pick first from your presentation, but the last covers all the poor mindset: Poor people are jealous of all rich and succesful people. How many times have YOU heard poor people gossiping the rich? I m curious🤔 what was the most evil comment you ve heard? 😉🤭
True. Nothing can stop me, my mind's made up.
What is your new career ??
Great summary. I really enjoyed it. There are countless RUclipsrs who create book summaries, but this channel is my favorite. The summary is neither too short nor too long. It's perfect to make you feel like you've read the book and gotten the key takeaways.
the spirit of talking, the confidence, the art of convincing. just want to tell u one thing, I LOVE UR CONTENT, keep up.
Thank You for sharing
Overflow Blessing and Prosperity
My cuurent state of life and fears, demanded this video. A big thank you for making everything clearer to me......
Handling money is the first step to getting more money I'd agree with that
Love it. Tanks for sharing. Take the 10 step ladder first. Yes I'd allowed Fear to stop me...but NOW means No Oppotunity Wasted. I'm stepping on the ladder😊
There are other channels doing this but this one is my favorite. Always clearly articulated, broken down super simply, and the stories are impactful!
I watched an anime a long time ago. The M.C met someone who was dying and that man taught him fighting techniques before he past. Just b4 he died he told him "those who have glimpsed an ideal have an obgligation to making it a reality!"
Im Not rich but I have financial freedom and I say exactly the same about money it is a Tool nothing more nothing less but an important one everything you see around you costed money everything has its worth. You just have to use it.
Loved the idea of doing my net worth! All of a sudden I feel wealthier💕
Absolutely loved every single Secret!! Certainly motivates me to change my perspective on a few things. I've even shared this video with others!! Thank you for doing this.
This is called reverse causality:
The mindset doesn't get people rich or poor.
People adopt a mindset based on their experiences as a rich or poor person, because humans are for a big part product of their experiences.
Rich people focus on opportunities, poor people focus on obstacles, this is amazing, it changes my perspective to see the problems as opportunity, i don't have enough money, there is a opportunity, opportunity to make money, to learn new skillset, to learn more about financial management for me to become financially stable,
if you focus on opportunities you will get more opportunities, that's great, thank you so much i just did what you just had said in the part of listing my net worth and i realize that it is true, it's not about how many books you read, but it's all about on how many books you applied in your real life that matters!
🎧To listen to the AUDIO version of this book for FREE check out Audible below. Sign up for a 30-day Free trial to get 1 book for free(any book). You keep the book even if you cancel before the trial ends.
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I personally have been using AUDIBLE for over 5 years and it is THE BEST app on my phone. I can listen to books while I am going somewhere, walking in the park, or doing some boring job :)
P.S. I personally use and recommend the AUDIBLE PREMIUM PLUS option. It gives you 1 credit every month which you can use to buy any book regardless of how expensive the book is.
2:29
Difference #9
Rich people manage their money well (while mismanaging other people'smoney, never gamble withyour own money when you can use someoneelse'smoney), and poor people mismanage their money (on the advice of rich people, when banks fail it isn't the bankers who go hungry)
Sums up the finance industry perfectly.
80% of wealth is acquired either through inheritance or illegal practices. ( This includes- fraud, tax fraud, tax avoidance, drug dealing, human trafficking, modern day slavery and exploitation of working people.)
That leaves only 20% achieved via hard work and honest endeavour.
Yes the lady don't realy think about how capitalism work...
So you resent wealth ?
@@AncientWisdom222 no……just how most of it is acquired 🤔
@@AncientWisdom222 wealth is a manupulating system, has nothing to do with nature, i just need it becouse of our made up system, in other conditions i wouldn't need it and neither you, you don't need money if you can't spend it. If your valutha is not accapted than its worthless...
*citation needed*
Thank you for the 100+ hours you have spent on this video!! It's truly life changing information. You are now one of the successful people I'm going to hang out with 😄 be blessed sister
I really got a lot from this video. I am on SSDI,at the moment I am going through a difficult time but I know managing my finances is the only way I can feel like I have more money than I actually have.
This video has given me a lot to think about and when I am up to it I can apply some of these techniques to my life. Thank you for sharing.
I truly love your video and agree with a lot of the true knowledge that you’re sharing with us from that book and I wish that you add in it another fact of (CONSEQUNCES) not everything in poor man’s life is (FEAR, DOUBT AND WORRY). Rich person can handle the lost simply because he or she has enough to back him or her up in a lost situation, but a Poor person will lose everything as consequences of his or her failure, so fear, doubt and worries are a very important guidance to survive in this life but they must start some ware with precaution if they want to be rich sometimes in this life.
Every single investment that pays big is also very risky. Only wealthy people have the cushion to survive that risk, so they also get the biggest payoffs in investment. The bad investments are a mere speed bump and if they have positioned themselves correctly they can possibly write off those losses anyway. (and only rich people can do that, too).
Rich people go big or go home, they dont worry about how much they have in their bank. They more money they have the more risk they take, but they bet 100% of they money not portion. Just like a gamble. Life is a gamble, but you have to play it smart not blindly and hoping it would work.
@@aaakhmed Actually, rich people don't gamble their OWN money. They are masters at getting investors and backers. Wealthy people don't put their own money at risk. They put YOUR money at risk.
Rich and poor are unhelpful references here. Abundance mindset and scarcity mindset are preferable because having money doesn’t necessarily make a person abundant , or ‘rich’ in their wider life. However, the points in the video (& book) are accurate in defining both mindsets. Personally, I have learned an abundant mindset and tried to release myself from scarcity. For example: taking more risks, but if some do not work, it’s not failure, but a process to success. In this way my successes have been more, and I have learned so much from the rest that I can apply in future situations.
Thank you for summarizing this book, i love the way you presented the hard truth difference between the rich and the poor.
This video is so good, I'm watching it twice!
The most powerful book I've ever come across is this one, thanks for confirming my assumption!
I've fallen in love with your type rich life. And I think some aspects of it mirror my life ☺️
I really love your content. Thank you for making this! For me that doesn't have the money to buy all these books. I wish I found your RUclips channel earlier in my life. ❤
It's amazing to me how much of this is Biblical. Very powerful confirmation for me. But I agree with a lot of it, I hope more people expose their mind to this knowledge. Wealth is waiting for us, may we all go and get it by ridding ourselves of this poverty mindset.
The Magic of Thinking Big, I read it many years ago, good book.
I just turn 55 May 29 I have been working for Goodwill for some 5years somehow I can only get part time feeling Goodwill makes a worker more handicapped than independent I am one that trys hard not to call in sick.. and Goodwill doesn't pay enough for the rent and bills
Excellent. Love all the drawings. Makes it so Easy to follow along!!
This was a fantastic video! Thank you and blessings!
Oh man. I am totally guilty of so many the poor person mentality. Fortunately I’m married to someone with the rich person mentality. He takes me out of my comfort zone all the time but it has all been beneficial.
Buck up. Time to act NOW
Fantastic video. I'm going to watch again. So great!!
I found myself binge watching your videos- they are so good!
Just subscribed after hearing you on the Swedish Investor, I'm lovin' your content.
Thank you very much for the support Christian :)
😅
@@littlebitbetter7😅eu
@@hermanomarin ?
,love the brutal honesty coming from the son of a retired grocer who travels 10 miles in heavy traffic to save 40 cents on a can of mushrooms 😂...not me ...him
Good words, never risk what you can’t afford to lose, but always have a higher vision and dream big! Take risk and learn from things that don’t work, don’t think of them as failure, but another way it won’t work!
Excellent video! Thank you!
Excellent video! I've read Harv Eker's book, and you really di him justice on this video. I hope you reach 10M views! Well done, and thank you. I just watched it this morning like 4 times,
To sum up she is convinced money gives freedom and happiness.
This book changed my life
.period..It really was a book that came at a time in my life when I needed it most ✨️
This is a great video, thankful that you presented to us. The main 2 ideas I take from it are 1) how to split money between investment/education/etc (around minute16) and 2) what gets tracked will be better, so I will set and monitor more KPI in my business
Excellent summary! Thank you 😊
There are definitely nuggets of truth here that are useful for breaking a poor person out of some self-defeating mindsets. There is also some self-congratulatory messaging that wealth and poverty are simply self-inflicted, strongly implying that the rich need not concern themselves with the poor. On balance though, I think it’s a useful video for someone just starting to think about building financial security. But read some other material on this topic for balance.
Generally good advice, but your statement (9:40) that you don't like taking public transport rather smacks of snobbery. I prefer it to the taxi because the money I save can be spent on the things I most enjoy - cider and holidays.
i think you misunderstood the point she was making
I am grateful to be abundant 🌟 Repeat this daily 🌟💲💰
Who defines who's poor? I have never been poor in my life or felt it and I am not a millionaire. Who labels people like that? Who is anyone to say someone is poor. That person is the only one that can define themselves. So many people have wonderful lives that are not rich but they feel rich inside and that's where it counts.
that's literally why she specifically said poor is a MINDSET not monetary. The judgement you feel is your own.
can you afford to stop working right now and still maintain the same lifestyle you are living now with?
Just great and so eye opening too, well done my sister, I’m going to share it with as many people as I possibly can.Thank you so much.
I ❤ your videos. I hope people appreciate and use the infornation you put out there. I know from personal experience that, success and getting what you want in life, is only a decision away, followed by, planning, setting goals, descipline, and hard work.......
I needed this video more than ever before....I have a 18 year old sun who's in a fork-in-the-road....it's hard and challenging everyday...
The problem most people have is that companies (rich people) don’t appreciate people in their companies that suggest and tr😮y to Do things that get results. Because , you have middle managers who mostly (not always) try to hold down people who try to suggest improving results, as opposed to obeying rules!!!
REALLY GOOD VIDEO I do almost all of these things naturally never having sought out any mentor or advice. Mainly trial and error along the way but MOST IMPORTANTLY I HAVE ALWAYS HAD AN EXCEPTIONALLY GREAT ATTITUDE never depressed or sad in my life and not afraid of failure. I have all the things my heart could ever desire and $$$$ as well . thanks for sharing with others and giving me reflection of many things I have never given a second thought to
God is my source. He is limitless and I thrive.
You have influenced me, and I will use it more positively. Thank you
Your ch is going to do good.
Thank you for the support
You are so great Ms ''Little Bit Better". I get a little 1% better every time consult you !!!
Mind shifting video ⭐⭐⭐⭐⭐
We are all rich if we have a Gold Heart 😊
Can you explain what you mean by gold mind
If no matter what your status in life, you're a priceless.
"Life is a *banquet*-and most poor suckers are starving to death!"-from "Auntie Mame"...the quote that came to mind when you said rich people feel like life is an endless buffet :-)
my favorite is "what's get tracked gets improved"
I can have both! Thank you for your validation of this concept
Hi Guys, thank you so much for watching💝If you want more book summaries like this one check out the playlist here - ruclips.net/p/PLlbl0lCipVePKje8Kb3vrhmG4CZq4a134
Thank you so much for your videos!😍 I only knew your channel today and I already watched 2 videos of yours and they really opened up my mind on new possibilities! Keep making more of these. I really love your content! 💘💘
100 hours well spent - great result!
Thank you for this video. It's just what I think I needed to help me remember what my goals are. I had stumbled off my "path."
One lesson I've learnt from billionaires is to always put your money to work, and diversifying your investments. I'm planning to invest about $200k of my savings in stocks this year, and I hope I make profits.
You are right. The best approach I feel is to diversify investments- by spreading investments across different asset classes like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown.
That makes sense. I’ve been using a financial market expert for two years now and I own a six-figure diversified portfolio from investing in stocks. I want to diversify more this year, though.
@@derrickholfman2 I really want to get in with a financial advisor this year, especially as all markets are hitting lows. I don't want to be too optimistic and end up losing everything.
'Annette Christine Conte ' is the licensed advisor I use. Just research the name. You’d find necessary details to work with to set up an appointment.
Thanks for sharing. I curiously searched for her full name and her website popped up immediately. I looked through her credentials and did my due diligence before contacting her.
I live on the outskirts of Denmark, so far out that even the crows turn around but I like the video and nobody there will notice if I take a small break so I can place the video in one of my playlists if I want to.
I love how you season your vids with lots of “for examples.” Really helps drive home and anchor the points girlie. 😊😊