10 Life & Money Lessons From Broke Financial Gurus

[@austinhannemann2615]

Avoid debt, have a budget, invest wisely. Makes sense

[@markandannette]

Excellent advise, unfortunately I have made mistakes as well but have learned from them. The most important one for me is be content. Life is much better when you learn to be content with what you have

[@DonYang73]

I am a zero debt multi millionaire and i intend to stay that way. Boring stable and certain is good good good

[@sonnygsmith3207]

Good sound advice. As a side note, I truly despise financial gurus with expensive courses - a red flag for me.

[@luisreviews6412]

I grew up wondering about rich people but then realized most were up to theirs limits in debt. Also the ones who were wealthy were pretty boring, just worked hard, invested and lived below their means.

[@georgeforeman9959]

You are my favorite finance youtuber, all your video are incredible and totally smash the kind of content I look for!!!

[@richardople]

100% agree, 110% because he has perfect hair!

[@Investingcoachw]

Great video! And #10 is so true. There’s no perfect money guru. Take what works for you and leave the rest.

[@barbarahall5514]

Wealth is also HEALTH without your health your not in the game! ❤️👍😉 love this Tae this video is gold.

[@jaredholland3563]

This is such refreshing and good advice, slow is fast

[@kersi-sandiego6036]

One of your BEST. Thanks.

[@matthewphilpott1702]

Very good statement: The wise are wise because they know what they do not know.

[@Chubbylito11]

Thanks to Dave Ramsey, i went back to my credit terms and conditions and indeed banks can demand the full amount of your debt at any point!!!!! Definitely a scary situation to be in.

[@TomekSw]

You are very likable person. I'll stay vigilant! 😅

[@donyzac]

I like how you do your own stock video footage 😂 that is quite on brand for your channel 👏

[@alex182618]

If a wise person talks a lot then sooner or later he will say something outlandish.

[@jessefletcher9116]

we recently visited Dave Ramsey's studio and watched a live broadcast of his radio show. In his studio for everyone to see is a copy of his bankruptcy filing on display. I'd say he's a man who went through a very intense and humbling experience and has never lost sight of the lessons that he learned and genuinely wants to keep others from making that same mistake.

[@LifeLongLearner-om8jx]

His advice is as outdated as the economy it was based upon.

[@dacsbusinesssolutions8585]

Found you through BiggerPockets and I'm loving your content.

[@avayu2289]

You have to be an expert in your field of specialty and zoom out. If that dude was a real property phenom, he would have done a better inspection to not invest in a geologically proned for landslide location(s). Never interested in seminars, hell I don’t even like mass concerts and sporting events. For me it’s always cash in and cash out with as little complications as possible! 😎

[@gerardvongyw670]

Excellent advise can help us summarise the key takeaways God bless, a real eye opener

[@patrick7228]

Great video and in my opinion one of your most important. For the average person slow and steady wins the wealth race. Boring but true.

[@bbb_888]

Do you want to be average??

[@jeannettedrown7687]

Great advice. I enjoy your finance content as well as your sense of humor, especially about your hair.

[@Zeras5474]

Liked this video 👍 Not many people cover that

[@alesandro_vocalist_actor_coach]

Thank you for this video! 😍

[@כמובבית-ל1ג]

"But godliness with content is a great gain." 1 Tim 6:6. Wisdom written 2000 years ago!

[@robienillosistoso628]

Hi Tae, your videos are very inspiring and practical and true 🙌new subscribers here. Thank you

[@Brodin-id8re]

The financial system has been artificially pumped for over a decade to ensure big pockets were lined; and now those same hands will make a fortune in the largest transfer of wealth in human history by shorting it on the way down. Inflation does have a roll, but that's to keep everyone panicked, and focused on their bills and expenses, rather than focus on the capital crimes of politicians and corporations,I'm still at a crossroads deciding if to liquidate my $338k stock portfolio, what’s the best way to take advantage of this bear market??

[@DaveMccarthy896]

Find stocks with yields that exceed the market and stocks that, at the very least, follow the long-term market trend. However, you should get guidance from a financial advisor if you want to create a successful long-term plan...

[@Elizabethwells-q7f]

I agree, I've been in constant touch with an Investment advisor for approximately 17 months. These days, it's really easy to buy into trending stocks, but the task is determining when to sell or hold. That's where my advisor comes in, to help me with entry and exit points , I've accrued over $337k from an initially stagnant reserve of $148K all within 18 months.

[@JaneBlac-]

I need a guide so i can salvage my port-folio due to the massive dips and come up with better strategies. How can one reach this advisor??

[@Elizabethwells-q7f]

Having an advisor is essential for portfolio diversification. My advisor is “Stacie Lynn Winson,” who is easily searchable and has extensive knowledge of the financial markets.

[@JacobPaula]

Thank you for this amazing tip. I just looked the name up, wrote her and scheduled a call

[@jenniferedmonds7069]

Good Morning, Tae. Thanks for another great video. At the time of my father's passing he was invested in many small opportunities, but technically making his money work for him. Small margins over long terms can really be profitable. Btw, my husband and I opted for the "boutique" hotel last weekend and it was really worth it. Great "experience." But I still didn't pay for the outrageous valet parking!😉Keep'in it real!

[@raletky]

Most homeowners' policies don't cover ground movement, earth shifting, or landslides. As a former claims adjuster, I have personally denied claims due to these perils.

[@rrpuentes]

Great video and insights!

[@johnmcquaid7524]

Big fan!

[@umeshkharade7435]

You are great

[@Pedro_Gorla]

Thanks Tae! :)

[@martinp21000]

Stopped trading derivatives, started index funds with zero leverage. My wife has been my best teacher with her tortoise style!

[@Mark_Trail]

Can you do a video on safe withdrawal rates in retirement?

[@bbb_888]

Just withdraw however much you need.

[@autohelix]

4%

[@TaeKimFinancialTortoise]

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[@KulkarniNiranjan1]

Wait is this a new tshirt Tae 😂 Great video!

[@Quroe_]

The common use quick zoom ins are a little jostling to me. I admire the experimentation, but that kind of editing is usually a queue (in my experience) that you're about to say something shocking and that I should pay attention in that exact instant. I don't think everything should be a blink-and-you'll-miss-it moment.

[@davidfolts5893]

Fail faster: success quicker.😊

[@dylananderson7658]

Tae and his content, beyond the sound advise, is just good Karma.

[@peterl2767]

Nice 😊

[@meibing4912]

Looking rich is a great way to stay poor. 😁

[@KP-hi1om]

I really like Dave Ramsey. We followed his methods to get out of $70k debt. People question his investment strategies. I am fine investing in S&P index funds. We started investing for our daughter when she was 13. She is 19 and has $19k invested. She only has to invest $120/month until retirement and she will be a multimillionaire.

[@factorfitness3713]

Ramsey's specialty is getting people out of debt. Unfortunately, once out of debt, his style gets outgrown really fast.

[@danielkimball3037]

That Robert Kiyosaki clown seems like total con artist...why would people listen to that guy? Also, great work on this channel Tae. It's nice to see some sane and thoughtful financial discussion on KZbin.

[@stephen.macleod]

When I was younger, I bought his book to see what all the fuss was about. Now, I use it as a coaster... 😂

[@nhlanhla.vchili960]

@@stephen.macleod🤭🫠using it as coaster🤣🙆🏽‍♂️

[@slackerjo]

I agree, he is a con man. He has a few ideas in his poorly written book, but there are many better books out there that explain the same theory but without all the lies. One should get all the info from a book and not have to take all kinds of extra and very expensive courses to get all the info required to be a real estate investor.

[@bbb_888]

​@@slackerjo What better books do you suggest?

[@MaritsaDarman]

Failure is a hard teacher 😢

[@mangoman9290]

Where is the dark blue shirt? Dont tell us that you purchased a new wardrobe of black shirts? or is it just the lighting making it look black :)

[@davidakerlund6296]

true wealth is in ablity, durability and solid planning. The guy who can fix his plumbing or grow his carrots will always be better off then the guy in a suit who cant do either

[@bbb_888]

The guy in the suit can hire other people for plumbing and growing carrots. Yes, it might cost him like $25/hr but if his investments or business makes him $50/hr, it's totally worth it!!! Especially if the income is passive; you can buy your life back!

[@davidakerlund6296]

@@bbb_888 what happens when his investments fail ? the economy goes belly up ? blackrock decides you cant withdraw your funds? Skills are inflation proof and don't have term limits or penalty's for early withdraw

[@Beck-Stein]

Financial gurus are funny as they need their advice jobs as they have no money. Like taking advice from broke people. They are grifters.

[@grokker99]

Dont steal money.

[@thumpr1]

It's actually sad how easy bankruptcy has become.. Imagine if people still had to deal with debtors prison??? If someone declares bankruptcy, someone is loosing out on money/value... I think it's been made way to easy to just clear away people's mistakes..

[@saidgutierrez2253]

Black shirt hey!

[@Being_Joe]

Crypto?

[@tranger4579]

A wealthy friend of mine sat outside on a lawn chair with his wife under an old oak tree. They watched the birds eat off the bird feeders as they talked about the beautiful weather and discussed the new roses that had bloomed. They both sipped their coffee as their 30 year old son that came over to visit walked over and asked " what's in the agenda for today"? Nothing breathing is free.

[@factorfitness3713]

What?

[@soumyajeetchakrabarty6872]

❤❤❤

[@70qq]

🤘🏻

[@lorietobler8051]

Zooming in and out every 3 seconds is not effective.

[@jamesmendini]

Buy my online investment courses to achieve financial freedom only $45,000😂😂😂

[@bbb_888]

It's cheaper than a university degree, I'll take it!

[@loft27ss]

Kyosaki is just a con Narsisist, avoid at all costs! Buy Dave Ramsey book or JL Collins instead, and Vikki Robin book “ your money or your time”!

[@busa4250]

For a two fund portfolio and to smooth out the ride of VTSAX, would you recommend Vanguard Federal Money Market VMFXX instead of Vanguard Total Bond VBTLX? Thank you and great content ;-)

[@MeltingRubberZ28]

That 5% rate won't last long

[@lailaatallah1857]

Tae, it’s original content like this that makes your channel one of my favorite financial channels. This makes me very curious about both the aggregate integrity and true financial success of most financial “gurus.”

[@kriskafowlski4463]

Great advice Tae. Thanks