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HOW TO ATTAIN WEALTH | THE RICHEST MAN IN BABYLON ANIMATED BOOK REVIEW
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- Опубликовано: 15 авг 2024
- 5 Rules, Laws, Principles .. call them whatever you want, if you follow them with discipline you're on your way to financial freedom.
How to be financially free you ask?
Well it's not really that hard, but the fact that Universities and parents made you learn stuff that you wont actually need made it look like an impossible task.
New video coming soon, the theme will be about social intelligence.
Want to read more about the rules?
RICHEST MAN IN BABYLON - GEORGE SAMUEL CLASON.
Some of the graphics used are from Freepik: www.freepik.com/
5 rules summary:
1- pay yourself first (10% at least)
2- live bellow your means
3- make money work for you
4- insurance protects your gold
5- invest in yourself
Great video! Thank you for that...
Thanks for summarizing it!
Cheers for the Video! Apologies for chiming in, I am interested in your initial thoughts. Have you considered - Riddleagan Astonishing Melody Remedy (just google it)? It is a great one off guide for unleashing the secret of a millionaire mind without the hard work. Ive heard some pretty good things about it and my GF got cool success with it.
Nice vid, bit Low voice
the graphics were amazing
Which animating software do you use
Informative and Simple. It Pretty Much Summed Up Rich Dad Poor Dad In Just 5 Minutes As Well. Thank You. Keep Up The Amazing Work.
Thanks for sticking around!
👌🏻👌🏻👌🏻
Excellent strategies. My personal favorite is also investing in myself.
Awesome video style that is very pleasant to watch.
good video all are educational and you learn from it.
Glad you found it useful Padro!
+Rochie Padro Kudos for the Video! Excuse me for the intrusion, I would love your thoughts. Have you thought about - Saankramer Earn Infinity System (should be on google have a look)? It is a great one off guide for unlocking the combination to success minus the normal expense. Ive heard some amazing things about it and my good mate called Gray after a lifetime of fighting got excellent success with it.
Great video, also i've read the book and i like the principles
but...what if my earnings are $0 ?
Great question! I will be making video in the future about several business models you can use to make money without any investment or starting capital.
and content too
Great
Three rules from Rich Dad poor dad.
nice video, pls make a video on how to start real estate
Good content.
Rich dad poor dad in 5 mins
Good vid
Links for the websites to learn courses to invest in yourself
I suggest you to don't use bgm in the video.
Music is too loud & interfere is tough to ignore.
I'd add a rule to only invest what you can afford to lose.
Voice not clear
Hey Ahmed, try checking some of the newer videos!
dude, the music is too loud.
Money made simple
Any books for noob in making money work for you?
M E look on amazon top sellers of books for investments
Rich dad poor dad
Insurance is only for the dumb, scared and poor. When you build up some wealth you should remove as much insurance as possible !
Marco Liedekerken Good Afternoon, can you elaborate more on that?
Imagine an extreme case:
You bet $1 on heads during a coinflip. If the coin ends up heads you get $2 back, if it ends up tails you get nothing.
Now I offer you an insurance: if you pay me $1.05 I guarentee to pay you $2 when the coin ends up tails. Your risk is totally eliminated by my insurance (heads and tails both give you $2 now).
In total you are paying $2.05 ($1 to start the game + $1.05 to get the insurance) to get back $2. Now you have no risk and you are 100% certain to loose $0.05
Is insuring smart in this situation ?
Now imagine the same situation with only one difference: all amounts are 100,000 times as big as in the previous example.
You play for $100,000 and get back $200,000 or nothing. Insurance will cost you $105,000 in which case you are 100% sure you will loose $5,000
Is insuring smart in this situation ?
If your total savings (net worth) before the game is $20,000 you should not take the insurance in the first game and you should (!) take the insurance in the second game.
This is because loosing that second game will ruin you financial situation (you can not handle the risk of loosing $100,000, so you should take the insurance).
Imagine your total saving did grow to $2,000,000. Now you should NOT insure the second game (because you can handle the possible $100,000 loss) !
@BlackSwan1092 I hope this explaination helps you :-)
What millionare gave you this advice?