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

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[@SteveDutton-v]

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]

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]

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]

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]

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]

Vivian Carol Gioia 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]

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]

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.]

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.]

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.]

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.

[@EddyAgnes-vy4kp]

Thank you for the information. I conducted my own research and your advisor appears to be highly skilled and knowledgeable. I've sent her an email and arranged a phone call. Her expertise is impressive, and I'm eagerly anticipating our conversation.

[@Freiheit-XXL]

1. 1:20 avoid Banks 2. 5:38 every Bank has the right to create Money 3. 10:43 you can make Money with debt 4. 16: 37 its cheaper to be rich 5. 20:32 Credit cards are evil thank you

[@elliottharris9015]

He should have mentioned where the rich put their money.

[@martinmarigomen2767]

​@@elliottharris9015 off shore accounts? Mosty politicians I heard supreme court judge's are all the rage to buy now

[@AlexTrusk91]

@@elliottharris9015avoid cash I guess

[@jollama]

Anyone claiming credit cards are evil with 100% seriousness don’t know how to use one

[@elliottharris9015]

@@jollama Exactly.

[@SorakaOTP462]

#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]

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

[@Thomasbonner752]

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?

[@richiesteve1250]

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]

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

[@sheltonPston]

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.

[@McElvinn]

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?

[@sheltonPston]

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]

Audio is very low!

[@ashishsahu1851]

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

[@AlexTrusk91]

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

[@sikamensah9448]

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

[@mrxyz5439]

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

[@ZWS360]

Great video brother!

[@ohkayw]

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

[@eljuancho2]

Volume is low

[@chasej1255]

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

[@gotinycampervan9683]

How can someone take you seriously kid? 😂😂😂

[@tristandesmarais7364]

Bitcoin fixes this

[@bauchwegmaenner]

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.

[@Apo0]

Volume is too low.

[@633ohioc]

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

[@ahscreation4787]

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

[@victorkolo5142]

Inflation in my Country as of today is 29.90 per cent

[@waelfaraj6705]

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]

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

[@sanketn5876]

Second comment 🎉

[@douglastarvestad186]

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]

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]

@@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]

can't listen anything bro

[@DeeJay-zb2pw]

First comment :)

[@KamiWatashiwaDesuka]

5th comment >.< | Nice info

[@dickwintered]

I love your channel! It reminds me to be financially responsible.