20 thoughts on “10 personal finance lessons that changed my life”
Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got to talking about investment and money. I started investing with $150k and in the first 2 months, my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and get more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family.
I think the main thing is how westerners look down on Asians for living with their parents or parents living with them. Asians don't have a welfare system. if they don't get up and do something before 30 they are screwed for life. They are forced to make difficult decisions. I think that's what's missing in western culture. people get complacent and lazy.
If you are not in the financial market space right now, you are making a huge mistake. I understand that it could be due to ignorance, but if you want to make your money work for you… prevent inflation
Having recently sold a property in Portland, I'm contemplating investing the proceeds in stocks. While many claim it's an opportune moment, I'm uncertain: Is now truly a favorable time to enter the stock market? When can we expect a complete recovery? Moreover, I'm puzzled by how others in the same market are achieving gains exceeding $450k within months.
In a lot of cases – especially when you just got started – you don't charge what you're worth. So work on your portfolio, use it in every 'sales pitch' imaginable. Social proof is everything. And remember: when people are not will to pay you what you're worth you have either not sold your self good enough or it's simply not your client…
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
Having harbored financial concerns throughout my entire adulthood, it's intriguing to watch this video and recognize the potential for significant achievements with proper goal-setting. Experiencing the freedom of not being consumed by financial worries that haunted me for numerous years is genuinely liberating. I believe this is the outcome of consistently putting in diligent effort for the future.
The profound wisdom in this content is eye-opening. A book with akin insights encouraged significant growth in me. "Mastering Money Mindfulness" by Benjamin Hawk
I have a question sir. I had a job and with a investment plan KBS (reits) with an amount of 2000.00. I am no longer at this job. Id like to pull it out and invest it myself in one of the investment apps I'm currently investing in for long term. Do you think i can do that without any tax penalties?
I can attest to her advise, I lived pay to pay, worked for other people making ok money but making them more money and got 12k in cc debt, I really had to sit down with myself, realize I was blaming everything else for my problems and really looked at how much money I was paying for the debt, I got furious with myself, this was in my late 30s. I did a nuclear assault on my cc debt making payments weekly, once I freed myself of that burden I invested in stocks, started my own business, it's been a hard long road and I'm by no means wealthy but I am rich and I work for myself and not living week to week, 14 years later I own a boat called the S.S Juliaa Advice for younger people – Don't give up! Sometimes it takes years to get yourself setup, wipe the word "can't" out of your vocabulary, surround yourself with positive successful people(success means more than money). I could also go into eating well and keeping a clear mind.
Summary: 1. Income isn’t everything — cut back on your expenses. Avoid lifestyle creep. At least 20% of your paycheck towards your debt or savings& Better yet, pretend like you never got the raise and throw all your money at your debt or savings. 2. Diversify your income 3. Invest in your personal and professional development 4. Say Yes to everything — As you advance in your career or business, don’t become more selective about the work that you take on. 5. Move in with your parents 6. Stop buying crap you don’t need 7. Track the important stuff 8. Read one personal finance book a year — like getting a reminder 9. Cull your feed 10. Celebrate your progress
Protecting your capital is much more important than making money. Basically because if you lose your capital, making money is much harder. ''Missing the train'' vs. ''losing your money''. There are a lot of trains, but if your money is gone, it's over.
This is financial advice and I never give financial advice: DONT LEAVE DURING THE BEAR. If you don’t want to invest…learn. If you don’t want to learn…build. If you don’t want to build observe. DO SOMETHING…other than leave. There is so much opportunity here. Take advantage!
Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got to talking about investment and money. I started investing with $150k and in the first 2 months, my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and get more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family.
I think the main thing is how westerners look down on Asians for living with their parents or parents living with them. Asians don't have a welfare system. if they don't get up and do something before 30 they are screwed for life. They are forced to make difficult decisions. I think that's what's missing in western culture. people get complacent and lazy.
❤
If you are not in the financial market space right now, you are making a huge mistake. I understand that it could be due to ignorance, but if you want to make your money work for you… prevent inflation
1:44 managing lifestyle inflation is a game changer
when i come to shit financial advices this is the best cahnnel i'ev found
This is a fortune in the form of knowledge and teaching. thanks for sharing this with us
Having recently sold a property in Portland, I'm contemplating investing the proceeds in stocks. While many claim it's an opportune moment, I'm uncertain: Is now truly a favorable time to enter the stock market? When can we expect a complete recovery? Moreover, I'm puzzled by how others in the same market are achieving gains exceeding $450k within months.
In a lot of cases – especially when you just got started – you don't charge what you're worth. So work on your portfolio, use it in every 'sales pitch' imaginable. Social proof is everything. And remember: when people are not will to pay you what you're worth you have either not sold your self good enough or it's simply not your client…
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
I thoroughly enjoyed this video! Just clicked the like button and subscribed – looking forward to more great content from your channel!
Having harbored financial concerns throughout my entire adulthood, it's intriguing to watch this video and recognize the potential for significant achievements with proper goal-setting. Experiencing the freedom of not being consumed by financial worries that haunted me for numerous years is genuinely liberating. I believe this is the outcome of consistently putting in diligent effort for the future.
The profound wisdom in this content is eye-opening. A book with akin insights encouraged significant growth in me. "Mastering Money Mindfulness" by Benjamin Hawk
I have a question sir. I had a job and with a investment plan KBS (reits) with an amount of 2000.00. I am no longer at this job. Id like to pull it out and invest it myself in one of the investment apps I'm currently investing in for long term. Do you think i can do that without any tax penalties?
I can attest to her advise, I lived pay to pay, worked for other people making ok money but making them more money and got 12k in cc debt, I really had to sit down with myself, realize I was blaming everything else for my problems and really looked at how much money I was paying for the debt, I got furious with myself, this was in my late 30s. I did a nuclear assault on my cc debt making payments weekly, once I freed myself of that burden I invested in stocks, started my own business, it's been a hard long road and I'm by no means wealthy but I am rich and I work for myself and not living week to week, 14 years later I own a boat called the S.S Juliaa Advice for younger people – Don't give up! Sometimes it takes years to get yourself setup, wipe the word "can't" out of your vocabulary, surround yourself with positive successful people(success means more than money). I could also go into eating well and keeping a clear mind.
Finanicial controle and passive income are the best ways to get free. Like your video!
Summary:
1. Income isn’t everything
— cut back on your expenses. Avoid lifestyle creep. At least 20% of your paycheck towards your debt or savings& Better yet, pretend like you never got the raise and throw all your money at your debt or savings.
2. Diversify your income
3. Invest in your personal and professional development
4. Say Yes to everything
— As you advance in your career or business, don’t become more selective about the work that you take on.
5. Move in with your parents
6. Stop buying crap you don’t need
7. Track the important stuff
8. Read one personal finance book a year — like getting a reminder
9. Cull your feed
10. Celebrate your progress
Protecting your capital is much more important than making money. Basically because if you lose your capital, making money is much harder. ''Missing the train'' vs. ''losing your money''. There are a lot of trains, but if your money is gone, it's over.
This is financial advice and I never give financial advice: DONT LEAVE DURING THE BEAR. If you don’t want to invest…learn. If you don’t want to learn…build. If you don’t want to build observe. DO SOMETHING…other than leave. There is so much opportunity here. Take advantage!
Funny and fantastic!