December 19, 2024

41 thoughts on “10 Greatest Personal Finance Lessons That Changed My Life

  1. "Thousands of people lost their money when the crypto market crashed"
    This is true.
    And my investment in crypto also went negative… but… I didn't sell. Now 1 year later, I am up a significant amount!
    Patient investment can be done on crypto too but you have to be patient and look at the big picture.
    I wouldn't recommend anything except that investments are all around us if we are willing to put in the effort to learn and have patience.

  2. First of all, this whole economic chaos was powered by optimism that the FED is done with hiking interest rates. Now that interest rate crash is the situation, where do we go from here? How would you advise I safely allocate $250k funds at this point?

  3. True, I bought brand-new Hyundai Sonata 2022. Paying $522 CAD every month also paying Higher Insurance premium because car worth more. I regret for that foolish step but luckily I have made my mind to run that car for 10 years from purchase date. So I will convert that Current overpaying Liability into future Asset.😔😔

  4. Even though it’s probably very true that a person’s socioeconomic status is highly correlated with that of their closest friends/ relatives, (though of course not literally average of closest 5),
    I personally think the causation is mostly in the opposite direction: ie a person’s wealth determines what friends they make. Though 3rd factors such as family background play a role as well.

    Lottery winners (though the sample size might be small) might be used to test this claim. Or even perhaps self-made successful people, but that might be tricky.
    (Now I’m curious to read up more haha)

  5. Hi! I’m excited to be here in your channel and I’m interested in learning more about investing and saving up for my retirement but am a little confused about the whole process. Any advice or tips to get me started up would be greatly appreciated.

  6. I’ve been diligently working, saving and contributing towards early retirement and financial freedom, but since covid outbreak, the economy so far has caused my portfolio to underperform, do I keep contributing to my 401k or look at alternative sectors to meet my money goals?

  7. The depth and insight here are remarkable. A book I stumbled upon with related subjects reshaped my understanding. "Mastering Money Mindfulness" by Benjamin Hawk

  8. Great video. Understanding personal finances and investing will most likely lead to greater financial independence. By being knowledgeable about money and investing, individuals can make informed decisions about how to save, spend, and invest their money. A trader made over $350k in this recession influenced market.

  9. The problem we have is because Most people always taught that " you only need a good job to become rich " . These billionaires are operating on a whole other playbook that many don't even know exists.

  10. here's my thoughts… millionaires spend $ on things that have lasting impacts (meaningful education/long term and simple investments/relationships) – therefore, forget about fancy fashion/cars/vacations/latest technologies. only spend time with the people you care about. always tip (and write a thank you note to) your waiters ,fast food workers and room keeper who tidys your hotel room.

  11. I love number 10 the best too. I worked 2 jobs for a year and stock piled some money…now I don't have to watch my mouth as much at work and as you say, lets me have other potential options.

  12. I have not checked your menu yet. Could you do a video one the five or ten books that you have found most valuable. especially to those justbeginning this journey? Include some fiction too, if you like.

  13. #4 Marry for money. Fantastic because you do want to marry somebody who's good with money or it can ruin the both of you. (Obviously marry for love) But that is a great point I think many miss. Great video!

Leave a Reply

Your email address will not be published. Required fields are marked *