5 Money Rules The Rich Don’t Want you to know

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  • Опубликовано: 18 окт 2024
  • Learn how to make your first $100,000 in the stock market from scratch: proactive-thin...

Комментарии • 64

  • @SteveDutton-v
    @SteveDutton-v 6 месяцев назад +253

    Creating wealth entails establishing positive routines, such as consistently setting aside funds at regular intervals for sound investments. Financial management is a vital subject that many avoid, often leading to future regrets.

    • @mikey43221
      @mikey43221 6 месяцев назад +4

      Indeed, currently I'm managing my finances wisely and being frugal. In the last 19 months, my investments grew by 43%, adding over $650K in profits. However, I've had losses in the past month, making me anxious. I'm unsure whether to sell everything or wait.

    • @WillieNickell
      @WillieNickell 6 месяцев назад +1

      I always consult a financial advisor before investing. During the pandemic, I used their strategies to minimize risks and maximize profits, generating around $840k in two years with my advisor

    • @DavidCovington-st2id
      @DavidCovington-st2id 6 месяцев назад +4

      financial advisors could make a lot of difference, particularly in a market such as this. Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k just in a matter of weeks/couple months, so I think there are a lot of wealth transfer in this downtime if you know where to look. I have been using an FA since 2019, and I return at least $121k ROI, and this does not include capital gain.

    • @lawrencedyke
      @lawrencedyke 6 месяцев назад +3

      Mind if I ask you to recommend how to reach this particular coach you using their service? Seems you've figured it all out unlike the rest of us.

    • @DavidCovington-st2id
      @DavidCovington-st2id 6 месяцев назад +3

      Sharon Ann Meny 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.

  • @KarenLavia
    @KarenLavia 6 месяцев назад +78

    Building wealth from nothing involves consistent saving, disciplined spending, and strategic investments. Begin by creating a budget to track expenses and identify areas for savings. Prioritize paying off high-interest debt and establishing an emergency fund. As you build a foundation, start investing in low-cost options like index funds, and focus on continuous learning and improving your skills for better income opportunities.

    • @ScottKindle-bk3hx
      @ScottKindle-bk3hx 6 месяцев назад +2

      Impressive insights! For beginners like me, managing and staying updated can be overwhelming. Are you an experienced investor or do you have a strategic approach for staying informed?

    • @RaymondKeen.
      @RaymondKeen. 6 месяцев назад +2

      It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.

    • @SandraDave.
      @SandraDave. 6 месяцев назад +2

      Recently, I've been considering the possibility of speaking with consultants. I need guidance because I'm an adult, but I'm not sure if their services would be all that helpful.

    • @RaymondKeen.
      @RaymondKeen. 6 месяцев назад +1

      My CFA ’Melissa Terri Swayne’ , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.

  • @cc-RUtt45
    @cc-RUtt45 6 месяцев назад +42

    I’m a god of devaluation, I buy it and it goes down! Why I can't make earnings is beyond me. It can be annoying how volatile the market is. How can I ride this fresh wave of all-time highs without getting burned again with $450k set aside to get fully invested this year?

    • @Trancredi-nx1
      @Trancredi-nx1 6 месяцев назад +2

      from my study, 90% of the time in an election year, the stock market stays positive for quite a long time. 2024 is no exemption, but it is better to be guided, ideally by a well experienced and licensed advisor

    • @Scottlong267
      @Scottlong267 6 месяцев назад +1

      Just buy Gold and protect your assets, the stock market is a rollercoaster.

    • @MiddleclassAmerican-7220
      @MiddleclassAmerican-7220 6 месяцев назад +1

      Right, a lot of folks downplay the role of advisors until being burnt by their emotions, no offense. During the covid-outbreak, I needed a good boost to stay afloat, hence researched for advisors and thankfully came across one with grit. As of today, my cash reserve has yielded from $350k to nearly $1m.

    • @freedomisEexpensive-08
      @freedomisEexpensive-08 6 месяцев назад +2

      I fired mine 12 yrs ago. now I am beginning to see the benefits, how do I get one? Considering your point I won’t want to get into a bubble. Can you recommend any?

    • @MiddleclassAmerican-7220
      @MiddleclassAmerican-7220 6 месяцев назад +5

      NICOLE DESIREE SIMON is who i work with and she is a hot topic even among financial elitist in New York. Just browse, you’d find her, thank me later.

  • @josephregallis3394
    @josephregallis3394 6 месяцев назад +11

    Audio is very low!

    • @ashishsahu1851
      @ashishsahu1851 6 месяцев назад

      Audio slow that' why everyone can understand. One who is not fluent in English

  • @SorakaOTP462
    @SorakaOTP462 6 месяцев назад +15

    #1 rule rich don't want you to know - create you own youtube channel about how to become rich in order to make money.

    • @samatar1025
      @samatar1025 6 месяцев назад +1

      Don’t hate the player. You can do it as well .

  • @sikamensah9448
    @sikamensah9448 6 месяцев назад

    Best video I’ve watched on understanding finance, very well rounded, important aspects touched on. You’ve gained a new follower for life! Coming from someone who works in wealth management

  • @shakeelakhatun6133
    @shakeelakhatun6133 2 месяца назад

    My top picks for bull run are DOT, FIL, and SOL. And best ICO to invest is Versidium, huge potential.

  • @mrxyz5439
    @mrxyz5439 6 месяцев назад

    Thank you man You did a good job...I did not understand hedge fund but now I got the idea

  • @Crazy_boy_hemanth10
    @Crazy_boy_hemanth10 2 месяца назад

    Clearing out all my Alts going into BTC and Versidium only, maybe a little BNB and SOL

  • @KaranKushwaha-yu9wq
    @KaranKushwaha-yu9wq 2 месяца назад

    Excited to see how Versidium will disrupt the payment industry. Huge potential, and still in presale phase!

  • @eljuancho2
    @eljuancho2 6 месяцев назад +1

    Volume is low

  • @AlexTrusk91
    @AlexTrusk91 6 месяцев назад +1

    0:40 press all the buttons at once and hope the best

  • @bauchwegmaenner
    @bauchwegmaenner 6 месяцев назад +1

    Me as a global business owner who trade with Chinese suppliers every month. They doing a sh****t and borrow their products to anyone. The products don't move any inch until it's paid.

  • @7372AbhayKushwaha-dr5pq
    @7372AbhayKushwaha-dr5pq 2 месяца назад

    Every new partnership announcement gets me more excited about Versidium!

  • @Apo0
    @Apo0 6 месяцев назад +7

    Volume is too low.

    • @633ohioc
      @633ohioc 6 месяцев назад +1

      You tripping.....just turn the volume up on your phone.

  • @ZWS360
    @ZWS360 6 месяцев назад

    Great video brother!

  • @animeshdas3593
    @animeshdas3593 2 месяца назад

    Dude, you need to get Versidium NOW!

  • @ohkayw
    @ohkayw 6 месяцев назад

    Cant handle the way u say hundred “handa-red”

  • @onurcanisler
    @onurcanisler 2 месяца назад

    Why did you delete your shorts they were amazing?

  • @ahscreation4787
    @ahscreation4787 6 месяцев назад +1

    Avoid Bank is not solution 😊
    We should use Banks as our Leverage ☺️
    Beware next time what you present 😉

  • @tristandesmarais7364
    @tristandesmarais7364 6 месяцев назад +1

    Bitcoin fixes this

  • @shanesimons5801
    @shanesimons5801 2 месяца назад

    Brilliant video! Very informative and interesting.

  • @SamujjalBordoloi-n4p
    @SamujjalBordoloi-n4p 2 месяца назад

    Forget the rest, Versidium is where it's at. Potential moonshot!

  • @chasej1255
    @chasej1255 6 месяцев назад +1

    Finance bachelors & Econ major here, find another video! He thinks he understands economics, but he in fact does not.

    • @scottm7356
      @scottm7356 3 месяца назад

      can you recommend specific alternative videos

  • @ImAlanCarnage
    @ImAlanCarnage 2 месяца назад

    Something odd about this channel. Guy did loads of good shorts then just deleted them, and now hasn't made a decent video in months. Matrix has him

  • @victorkolo5142
    @victorkolo5142 6 месяцев назад

    Inflation in my Country as of today is 29.90 per cent

    • @waelfaraj6705
      @waelfaraj6705 6 месяцев назад

      Try to do your best ...
      Be productive , creative and efficient in doing what you can to produce goods and services demanded.
      See what you live to do and work on it ...

    • @waelfaraj6705
      @waelfaraj6705 6 месяцев назад

      You can make a difference in your life and consequently in the life of others in several ways and dimensions ...

  • @douglastarvestad186
    @douglastarvestad186 6 месяцев назад

    The first rule about banks is completely wrong. Never has a depositor lost a cent in a bank even with a failing bank. And banks don't make a profit off the interest spread. That spread pays the bills and wages too. You can loose a lot of money in equities. With that said don't put your money in a bank because that is saving. You need to invest and do it for the long term.

    • @etellabodi
      @etellabodi 6 месяцев назад

      Your money is secured only to a certain amount, so yes, you can loose it if the bank goes down.
      Bank do make profit from the spread, especially in these days when everything is going digital (less wage, less bills).

    • @douglastarvestad186
      @douglastarvestad186 6 месяцев назад

      @@etellabodi I am not talking secured limit. If a bank is in trouble the govt takes control and finds a buyer for the bank.

  • @an_other_world
    @an_other_world 6 месяцев назад

    can't listen anything bro

  • @sanketn5876
    @sanketn5876 6 месяцев назад

    Second comment 🎉

  • @kyawzaw-vg5uu
    @kyawzaw-vg5uu 2 месяца назад

    like this video❤

  • @DeeJay-zb2pw
    @DeeJay-zb2pw 6 месяцев назад

    First comment :)

  • @gotinycampervan9683
    @gotinycampervan9683 6 месяцев назад

    How can someone take you seriously kid? 😂😂😂

    • @princesteele9157
      @princesteele9157 3 месяца назад

      This why people like you remain in Bad debt

  • @KamiWatashiwaDesuka
    @KamiWatashiwaDesuka 6 месяцев назад

    5th comment >.< | Nice info