After I Read 40 Books on Money - Here's What Will Make You Rich

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Gabe Bult

Gabe Bult

Күн бұрын

Пікірлер
@bhardwajsubham2073
@bhardwajsubham2073 3 ай бұрын
all the forbidden money books are there, and that will launch you far ahead of everyone and give you an unfair advantage. I recommend Hidden Art of Manipulating Minds
@dinkaukovic2721
@dinkaukovic2721 3 ай бұрын
That book made me financially independent
@geniousbande
@geniousbande Жыл бұрын
1.Set for life 2.Compounding effect 3.cashflow quadrant 4.simplepath to wealth 5.investing in real estate 6.your money or your life Rich d p d Psychology of money Early retirement Millionaire fastlane Turning pro Millionaire Nextdoor The minimilist entrepreneur I will teach you how to be rich 7 Habits of highly successful books
@TeaPourSixFour
@TeaPourSixFour 9 ай бұрын
Thank you for your input ❤
@susan5661
@susan5661 Жыл бұрын
My husband and I read the Millionaire Next Door 30 years ago, and the guidance changed our life. We lived within our means, didn’t go into debt, lived in regular houses with regular cars, maxed out our workplace 401k accounts. We are financially independent with no money worries. Daily habits over a lifetime compound with the same interest as does money invested!
@GabeBult
@GabeBult Жыл бұрын
That’s awesome! A lot of wealth it’s just been consistent
@robyn_southafrica
@robyn_southafrica Жыл бұрын
My grandma's name is Susan 😃 and that's actually exactly how she and my grandpa lived so we kinda reaping the rewards now (but not taking advantage 🙏🏾)
@mdsazzadkhan6340
@mdsazzadkhan6340 Жыл бұрын
So index fund is real?
@emiliothepoet
@emiliothepoet Жыл бұрын
Wow that’s awesome. Were you both very disciplined or was this something you got stronger in over time?
@rosh70
@rosh70 Жыл бұрын
@@333Hedgehogs That's a very 'subjective' question and will draw different responses from different people. What is 'living' to you, may be a 'luxury' for some. It's relative. When you look at life (both at the individual and general level), life at its basic level, is extremely simple. Our societies, environment, (so-called) 'classes', etc. dictate how we live it, or influenced.
@TheAstroWitchLux
@TheAstroWitchLux Жыл бұрын
The Psychology of Money was life changing for me, I read that book in July I believe. It made everything so easy to understand and proved that complex, gatekept concepts like investing are so simple now that we don't have to put a suit on and travel to London to meet a stockbroker. You can invest from your bed just using your phone. One of the lines that stuck with me was "when people say 'I want a million dollars ', they actually mean 'I want to spend a million dollars '" And that being rich isn't owning lots of stuff. It's owning lots of stuff that keeps you from building wealth.
@nicholasmartinez6043
@nicholasmartinez6043 Жыл бұрын
My opinion “The Psychology of Money” and “The Simple Path to Wealth” are the only two books you need starting from scratch. One covers the “nuts and bolts” and the other covers the behavior side of money better than any other book I’ve read.
@AchieveMore100
@AchieveMore100 Жыл бұрын
Totally agree with you on this one. The Psychology of Money was also life changing for me. If understood carefully, it can really help to leverage the lessons learned in other areas of life.
@zeitgeist888
@zeitgeist888 Жыл бұрын
"Your money or your life" saved my life. I was $40k in debt living paycheck to paycheck with zero savings and no plan. By following the advice in it I got out of debt, bought a home and started saving and investing. I ended up retiring at 46, have everything paid off and a nice portfolio of investments. The parts about figuring out what you have made so far in life and letting go of old bad choices are critical. Minimalism was just a happy part of it that was so freeing that it was almost worth more than other parts.
@robienillosistoso628
@robienillosistoso628 Жыл бұрын
I love what you shared! Thank you!
@em77775
@em77775 11 ай бұрын
How many years did that take you to save for retirement?
@zeitgeist888
@zeitgeist888 11 ай бұрын
@@em77775 It took almost 20 years. My spouse was in grad school so we had 2 households of bills soon after we started which added to the burden and would not have been possible if we hadn't started serious efforts. Our combined income was below $100k for most of it and I only broke $100k one year before I retired by myself.
@TheLegend-uq1gz
@TheLegend-uq1gz 4 ай бұрын
I am currently reading the book as we speak. Very informative , I love it so far. Thank you.
@Christina6552
@Christina6552 Жыл бұрын
The compound effect and rich dad poor dad changed my life and those are the book I always recommend to people. Along with Brian Tracy's "Change Your Thinking, Change Your Life" . Thats my number 1!
@GabeBult
@GabeBult Жыл бұрын
I’ll add that to my list! Thanks
@curtis24-7
@curtis24-7 Жыл бұрын
Great Recommendation! Brian Tracy was the first person who really had a motivational effect on me!
@AchieveMore100
@AchieveMore100 Жыл бұрын
Rich Dad Poor Dad was the very first book I read about money. It was an eye opener. After that the Psychology of Money by Morgan Housel teaches timeless lessons based on real life stories.
@Srinivas09_
@Srinivas09_ 5 ай бұрын
it's kinda crazy how nobody's talking about the forbidden ebook called Secret Pathway to Triumph
@coastingikifi
@coastingikifi Жыл бұрын
My all-time favourite money book is "Simple Path to Wealth". This is the book that started my investing journey from a newbie. Also here is what I have learnt through experience: Trust in the power of compounding, Resist the temptation to make money quick - slow and steady is the way to go, Ignore bad news (bad news catches more attention than good news) - bad news leads to selling.
@whodey2112
@whodey2112 Жыл бұрын
It's simply life changing!
@colonelangus3826
@colonelangus3826 Жыл бұрын
I think I Will Teach you to be Rich, Millionaire Next Door, Simple Path to Wealth, Your Money or Your Life, and Total Money Makeover (though I’m not a fan of the religious aspect and don’t necessarily agree with 100% of it) should be absolutely mandatory reading or listening for literally everyone. Of course there are a lot of other real estate books I could add as well but those aren’t necessarily for everyone. If I could only pick one it would be I Will Teach You to be Rich. It has almost everything and the audiobook is also great.
@rickybennett6491
@rickybennett6491 Жыл бұрын
It’s easy to listen to you, it’s easy to believe everything your speaking your style & skill in your videos are enlightening, thank you brother for your videos
@GabeBult
@GabeBult Жыл бұрын
Glad you enjoyed them!
@robienillosistoso628
@robienillosistoso628 Жыл бұрын
I’ve read some, and I agree with all except “I’ll teach you to be rich”. Thank you!
@josephmcconnell8905
@josephmcconnell8905 Жыл бұрын
What's wrong with that one?
@jeffbarnes4903
@jeffbarnes4903 Жыл бұрын
*Some of the non-tech that I think are positioned to go really up are Home Depot, Delta Airlines, Pool Corp, etc. I'II be rooting for these stocks, and have set aside almost $200k for that. Having issues now with how to allocate capital, and to know if my projections are right based on technical observations.*
@Joeljd842
@Joeljd842 Жыл бұрын
There are many other interesting stocks in many industries that you might follow. You don't have to act on every forecast, so l'll suggest that you work with a financial advisor who can help you.
@zackeryforeman
@zackeryforeman Жыл бұрын
Please, who is the person guiding you? I need some help for myself right now.
@grandpastone
@grandpastone Жыл бұрын
Thank you so much for this. I just sent her an email, and I hope she gets back to me soon.
@MarkJones-yu1rs
@MarkJones-yu1rs 6 ай бұрын
The fact that nobody talks about the forbidden book 25 Money Secrets From Donald Trump speaks volumes about how people are stuck in a trance
@MuscleBandit
@MuscleBandit Жыл бұрын
Thanks Gabe. Every video you release helps keep me a bit more focused on taking control of my money and my future.
@Jessicatorres_768
@Jessicatorres_768 Жыл бұрын
Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Instead of trying to predict and prognosticate the stability of the market and precisely when the change is going to happen, a better strategy is simply having a portfolio that’s well prepared for any eventually, that’s how some folks' been averaging 150K every 7week these past 4months according to Bloomberg.
@alicebenard5713
@alicebenard5713 Жыл бұрын
That’s crazy, I’m just doing everything wrong with my portfolio.
@KatherineAnderson-lm8bw
@KatherineAnderson-lm8bw Жыл бұрын
The US-Stock Mrkt had been on it’s longest bull-run in history, so the mass hysteria and panic is relatable considering we’re not accustomed to such troubled mrkts, but there are avenues lurking around if you know where to look. My wife and I are retiring this year with over $7,000,000 in tax deferred investments. up until 3 years ago we were 100% in the S&P. During bear markets we had a perfect plan. We got an investment manager in our corner and didn’t look at our portfolio for nearly a year.
@blessingpaul5484
@blessingpaul5484 Жыл бұрын
Same here, 75% of my portfolio is in the red and I really don’t know how long I can stomach the losses. I’m beginning to reach a breaking point.
@SophiaBint-wj8wn
@SophiaBint-wj8wn Жыл бұрын
Patience patience patience. It's a cycle.... a sucky point in the cycle, but a cycle nonetheless.
@KatherineAnderson-lm8bw
@KatherineAnderson-lm8bw Жыл бұрын
The Adviser I'm in touch with is *'Nolan Velden Brent'* , He works with Merrill, Pierce, Smith incorporated and interviewed on CNBC Television. You can use something else. for me his strategy works hence my result. He provides entry and exit point for the securities I focus on.
@WatchingGiligan-hv1jy
@WatchingGiligan-hv1jy Жыл бұрын
I took the extra time in my schedule to listen to you today. Thank you for the help!
@makeyourownbiscuits
@makeyourownbiscuits Жыл бұрын
Not sure if anyone mentioned this but The Richest Man In Babylon is a great one to have in the collection.
@kawsaraly7357
@kawsaraly7357 9 ай бұрын
Totally loved that one . First because it’s set in a unique era or time abit fairy tale but really shows you how the basics of finance have been the same since the beginning of time. Second because it’s simple and easy to understand and very relatable to everyday life. Third because it’s entertaining and relaxing because it’s in an era where time was slower nowadays things are so fast that your head spins 😊
@lawaincooley6788
@lawaincooley6788 Жыл бұрын
Thank you for these summaries !!!! I want my homeschooling lessons to include lessons in smart personal finance principles.
@GabeBult
@GabeBult Жыл бұрын
🔥🔥
@awaytoanywhere699
@awaytoanywhere699 Жыл бұрын
5:24 - Money is Energy - On a summer holiday in Spain a handful years ago I talked with a fellow traveler, he always converted spent money/money about to be spend into travel days. A $1000 will bring you 3 weeks of travel in Spain. (Hostel - budget travel, that is). That was to calm that impulse buying-feeling we humans get sometimes. It worked for him.
@parthathokdar9602
@parthathokdar9602 3 ай бұрын
This video is a game-changer! So much helpful information packed into one clip. I personally don't like promoting anything in comments,
@donniep.1513
@donniep.1513 Жыл бұрын
The simple path to wealth was one of my favorites ❤
@BeanCruisers
@BeanCruisers Жыл бұрын
Why?
@donniep.1513
@donniep.1513 Жыл бұрын
@@BeanCruisers I think this book was the first I’d heard of the concept of lifestyle inflation. And it was laid out so simply. The author gave an example of knowing someone who began making more money and shortly after took on more expenses and was living paycheck to paycheck. It was a simple way to drive home the point of simplistic living.
@noree5807
@noree5807 Жыл бұрын
Simple path to wealth is a good one. Straightforward plan to follow. Also like Quit like a Millionaire
@JamesHam-gw5zp
@JamesHam-gw5zp 5 ай бұрын
The greatest book on personal finance is the Bible. Especially the book of Proverbs.
@moodrow1497
@moodrow1497 Жыл бұрын
Great video. I plan to check a few of these out. Thanks for the insight. Keep up the great work, I really enjoy your channel.
@GabeBult
@GabeBult Жыл бұрын
Awesome, thank you!
@spicelord5566
@spicelord5566 Жыл бұрын
The book that had the biggest impact on me was "Richest Man in Babylon" If only I read it when I was 18. *sigh* if only...
@theasianwhiteguy1
@theasianwhiteguy1 6 ай бұрын
totally agree
@dianesalvatore5018
@dianesalvatore5018 Жыл бұрын
Always love hearing your recommendations.
@GabeBult
@GabeBult Жыл бұрын
🙏
@yeseniasplace
@yeseniasplace Жыл бұрын
Same❤
@Socalsweetie14
@Socalsweetie14 9 ай бұрын
Make Your Bed by William McCraven, this is the first one that I ever read and it helped me to start realizing that I needed some changes. Whether it come to habits or money or emotions. It was a good starter book for me on my minimal/financial/ emotional journey. I don't know how it is for you gentleman out there, but for us ladies there's a lot of emotional attachments too.
@volqueen
@volqueen Жыл бұрын
Thank you so much for this video. It is one that I will watch several times and share with those that I love.
@AarrenDieok
@AarrenDieok 9 ай бұрын
It's admirable that you are extremely frugal yet finding fulfilment in creative ways. Being frugal is a happy choice of lifestyle that brings character and personality beyond financial measures. One more book to consider is "The total money makeover" by Dave Ramsey, with the following takeaways: "For your own good, for the good of your family and your future, grow a backbone. When something is wrong, stand up and say it is wrong, and don't back down. "We buy things that we don't need with money we don't have to impress people we don't like"
@h3arty
@h3arty Жыл бұрын
EXCITING! Gonna download a bunch of these now! Thanks Gabe!
@syedphoolhassan8449
@syedphoolhassan8449 Жыл бұрын
nice work bro keep on spreading knowledge like this. i am 21 years old and i have read 57 books on finance including all the above books few years ago .
@destructorop3092
@destructorop3092 Жыл бұрын
Kya achieve kia yay sb prh k abhi tk?😊
@Clearvision2.0
@Clearvision2.0 Жыл бұрын
Great breakdown on various books. Haven't read them all but I loved The Simple Path to Wealth.
@spokengreats
@spokengreats Жыл бұрын
The 4 Hour Work Week was such a paradigm shift for me, it got me starting to challenge conventional wisdom and look where I can make a disproportionate impact relative to input. Turning Pro by Steven Pressfield has helped me in the early days of starting a youtube channel: nobody is watching, nobody wants to consume your content, keep showing up and improving til your content is worth watching! Great list Gabe!
@GabeBult
@GabeBult Жыл бұрын
Those were definitely game changers for me as well!
@RaymondKeen.
@RaymondKeen. Жыл бұрын
Munger and Buffett have both achieved an incredible feat with Berkshire. They've turned thousands to billions, and have made a lot of people wealthy in the process. I really saw the potential of the stock market by reading Berkshire's annual letters. I recently sold my $674k apartment in the Bel Air area and I'm hoping to throw it into the stock market. I just don't want to lose everything.
@DorathyJoy
@DorathyJoy Жыл бұрын
I agree with you. I started out with investing on my own, but I lost a lot of money. I was able to pull out about $200k after the 2020 crash. I invested the money using an analyst, and in seven months, I raked in almost $673,000
@DorathyJoy
@DorathyJoy Жыл бұрын
credits to Margaret Johnson Arndt, one of the best portfolio manager;s out there. she;s well known, you should look her up.
@Alonegeming_08
@Alonegeming_08 3 ай бұрын
What an amazing video! Thank you for sharing such valuable insights.
@cleon_cleon
@cleon_cleon Жыл бұрын
The best book on personal finance is "The Richest Man in Babylon". Just read this book.
@jordaneven9096
@jordaneven9096 Жыл бұрын
It's probably not true for most people, and it's certainly not the same as growing a business with employees, but I have found owning my own job has been really good for my mental health
@beebsblue
@beebsblue Жыл бұрын
I read millionaire fast Lane after hearing Ali Abdaal recommend it. It’s a really great book
@loveyabrahams5274
@loveyabrahams5274 Жыл бұрын
Im grateful to all this three books Think and grow rich, Rich dad poor dad and The richest man in Babylon, i can proudly say im winning in life because of them...
@ZDogg89
@ZDogg89 Жыл бұрын
I love he did all the reading and I just need to watch his video to learn.
@GabeBult
@GabeBult Жыл бұрын
Saves you a few hundred hours
@AR-ln7ln
@AR-ln7ln Жыл бұрын
I have read many books and I have enjoyed most of them. I usually flip through them because I find the info/advice in them very repetitive. I was able to retire early, but not because of any advice from any of the books. Real estate, ETFs, Roth, cutting down on lattes, inheritance, being frugal, owning business, selling something - none of them helped me. I'm still looking for a book that may hint towards the way I got to financially independent.
@beisser03
@beisser03 Жыл бұрын
Would you be keen to share how you did it?
@AR-ln7ln
@AR-ln7ln Жыл бұрын
I'll try to make it short. First 10 years of working hard in US visa issues kept me from investing and going to school and getting a better job. The next 12-15 years I bought and held real estate ofcourse as it felt safer and easier to understand for someone who has no idea what they are doing. I got out of one of the homes at the end of 2019 and put the money into the market where the stocks went crazy in 2020-2021. 2023 I got rid of 2nd property and again put money into market as there were stocks at discount. Selling property #3 now and simply renting. The properties were bought to live in, not investments. None of the properties appreciated. Had I put the exact same money, that went into buying and holding the properties, into the market, I would have retired long ago. I never had a retirement offered at any of my jobs, so I didn't visually see or recognize how many grows or not. It was easier to see and understand home prices. Formerly house equity moving up over $100k in a month in the market was a quite shocking, but I learned to take it as normal if invested in growth stocks. Staying away from real estate for now. @@beisser03
@fredricrohm9564
@fredricrohm9564 Жыл бұрын
Two other great books are Grant Sabatier's Financial Freedom and Kristy Shen's and Bryce Leung's Quit like a Millioaire.
@cirentXD
@cirentXD Жыл бұрын
4:28 sorry bud but that is not correct. At 11.9% $1000 would be $90,000 ($33,000 after inflation) after 40 years Turning $1000 into a million in 40 years requires an annual return of 18.9% every year. So maybe you meant $10,000 but even that requires 12.2% which is tough. Maybe $40,000 into 1Mil at 8.4% is the reasonable thing
@Meeshwell
@Meeshwell Жыл бұрын
I came here to ask the same question - Gabe, can you explain what you meant by this or if it was a miscalculation? Thanks!
@yvonnejackson1696
@yvonnejackson1696 Жыл бұрын
A cautionary word about rentals. They work really well in some environments but in lower income areas where jobs may be unstable and or subject to frequent layoffs rental units may not be a good investment. Do your research. There are always ways to get ahead in any environment. Love the videos.
@s1nistr433
@s1nistr433 Жыл бұрын
Yeah idk how you're supposed to do any of this when no company is paying a living wage
@byronrogers4489
@byronrogers4489 3 күн бұрын
That's a lame excuse. People are coming from other countries and becoming millionaires. As soon as you said "living wage" you told us you'll never make it. No one owes you anything. You can make excuses or make money. You can't do both. ​@s1nistr433
@carolmay7
@carolmay7 Жыл бұрын
57 and starting over.. so excited. So far the 4 hour work week is my bible and totally shifted my outlook. looking forward to reading some others you recommend here. My current job is 100k a year but I am so over working for other people.
@eggstravagent3801
@eggstravagent3801 Жыл бұрын
I believe in you, you still have a chance to change your life completely. Stay consistent, and stay curious. Best of luck, and I’m wishing you great wins!
@LeoGibson.
@LeoGibson. Жыл бұрын
brilliant video, thank you
@frederikwintherlarsen
@frederikwintherlarsen Жыл бұрын
Great video. I read most of the books already but added three new books to my reading list. Thanks.
@kevgoes
@kevgoes Жыл бұрын
Thanks for the suggestions!
@MuirGreg
@MuirGreg 9 ай бұрын
The problem with most financial books is that they teach surface level concepts unrelated to actual finance and or just someone's opinion and it doesn't really help. It would be much more beneficial to read material about different investments, pensions, and the account types that relate to where you live. If you don't understand basic finances and math reading all these books is pointless.
@manizales18
@manizales18 Жыл бұрын
Highly recommend Financial Mindset. Is written by a therapist to help you explore your believes around money and overcome them if they are limiting your ability to have a healthy relationship with money. Great self relection book.
@dreamchaser5758
@dreamchaser5758 Жыл бұрын
Can you confirm the author is Joyce Marter, LCPC?
@kyaghleah
@kyaghleah Жыл бұрын
Great stuff. Reading is good. Today I’m going to read.
@FinancialFreedomLifestyle
@FinancialFreedomLifestyle Жыл бұрын
Reading finance books defiantly helped us reach FIRE by 28. Thanks for the video Gabe.
@GabeBult
@GabeBult Жыл бұрын
That’s awesome! Congrats
@FinancialFreedomLifestyle
@FinancialFreedomLifestyle Жыл бұрын
@@GabeBultThanks Gabe. Keep up the great content
@TeslaEVolution
@TeslaEVolution 8 ай бұрын
I've read tons of similar but one need to ACT on it too:)
@LivingProcess
@LivingProcess Жыл бұрын
Brilliant as always 💚 I live in Canada so a lot of things are a going to be different. But I will definitely check out the books
@GabeBult
@GabeBult Жыл бұрын
They are still great principles for sure
@jennesont4791
@jennesont4791 Жыл бұрын
As a fellow Canadian, I recommend Gail Vaz-Oxlade’s no nonsense money books
@yerneroneroipas8668
@yerneroneroipas8668 Жыл бұрын
Love seeing personal libraries
@nelly99100
@nelly99100 Жыл бұрын
Great books but you did miss The Barefoot Investor by Scott Pape. This is a really good and practical finance book. It’s Australian so may be why it was missed but the concepts and suggestions are transferable.
@GaryORiveraSr
@GaryORiveraSr Жыл бұрын
Financial peace unoversity. Dave Ramsey has a few good books.
@maryokeefe2144
@maryokeefe2144 Жыл бұрын
Great video, thanks for sharing the best summaries!
@dotpenji
@dotpenji Жыл бұрын
It's incredible to see how your dedication to personal finance and the knowledge you've gained from these books have led you to financial independence! I appreciate the effort you've put into summarizing these valuable recommendations. One key takeaway I appreciate from your video is the idea that "money is energy." It's a thought-provoking perspective that encourages us to be more mindful about how we use our financial resources. I'd love to know, out of all the books you mentioned, which one had the most significant impact on your financial mindset, and how did it change your approach to money and life in general?
@GabeBult
@GabeBult Жыл бұрын
It’s all different ones rich dad poor dad the 4 hour work week and the millionaire fastlane
@UserPat-g4z
@UserPat-g4z Жыл бұрын
I allocated additional time in my schedule to listen to your advice today. I appreciate your assistance!
@_davidfoster_
@_davidfoster_ Жыл бұрын
Great list 👌
@GabeBult
@GabeBult Жыл бұрын
Thanks!
@Turtletipz
@Turtletipz Жыл бұрын
Great video! As always! Would you happen to be on bigger pockets money podcast? If yes can you share episode number? If not I bet it would be awesome to hear your full story in more details 🙂
@GabeBult
@GabeBult Жыл бұрын
I have not been on there. Still waiting for an invitation lol 😂
@AccordingtoNicole
@AccordingtoNicole Жыл бұрын
Your math is way off. $1000 invested 40 years ago would be around $100k in 2020. Not $1MM.
@footyquiz12
@footyquiz12 10 ай бұрын
"Money Cosmos" is one of the best books you will find on the internet about money, it is so great I can not believe people havent red it alredy, it is straight to the point, unfortunatley you cant find author of this book..
@schmidi333
@schmidi333 Жыл бұрын
great video!
@TobyNewbatt
@TobyNewbatt Жыл бұрын
I recognise this video idea 😊
@GabeBult
@GabeBult Жыл бұрын
Completely original lol 😂
@takeaction2023
@takeaction2023 10 ай бұрын
I’m reading the Millionaire Fast-lane, I had read Rich Dad, Poor Dad as well.
@xTenshiAi
@xTenshiAi Жыл бұрын
One I'm reading right now is Girls that invest. It has so many valuable insights!! I also liked Psychology of money and rich dad poor dad
@BeanCruisers
@BeanCruisers Жыл бұрын
How is "Girls That Invest" going?
@noto3402
@noto3402 9 ай бұрын
I’m 23 years old studying to get my real estate license in Florida. Eventually I want to be a real estate investor and retired financially by the age of 35. I want to be able to travel and retired my parents. But I want to secure my future so I’m just now looking into index funds and savings accounts that give you compound interest
@2ECONDx
@2ECONDx 9 ай бұрын
Good for you! I’m currently 31 years old just starting to educate myself financially. I wish more than anything I knew about this stuff 10 years ago. Start compounding that interest asap! Good luck to you :)
@aokiQ
@aokiQ Жыл бұрын
I don’t think extreme frugal living would work for me, I tried that for the last 3 months , I indeed cut down a lot of my spending, thought I was saving money! Then my appliances starting to have issues I have to use the money I saved to fix them ! I learned that we need our cashes to flow to make money , extreme saving is not the way to financial freedom 😢
@KathyJacksonSanDiegoRealEstate
@KathyJacksonSanDiegoRealEstate Жыл бұрын
I liked your video and highlights of the various books. Yes... “coffee is life”.😊
@BeanCruisers
@BeanCruisers Жыл бұрын
Are you a big coffee fan?
@LimeNamedRicky
@LimeNamedRicky 5 ай бұрын
There once was a mogul in doubt, Who thought books would pave his way out. He read forty or more, 'Til his eyes were quite sore, But his business still went down the spout.
@LeoLikeNoOther
@LeoLikeNoOther Жыл бұрын
"Secrets of a millionaire mind" T. HARV EKHART. Great book if you grew up poor or impoverished
@dreamchaser5758
@dreamchaser5758 Жыл бұрын
Thought that was brilliant. The redundant marketing ploys can be slightly annoying but the value of the book far outweighs that
@mugerwaenoch7674
@mugerwaenoch7674 Жыл бұрын
@@dreamchaser57588
@frankprit3320
@frankprit3320 Жыл бұрын
Great video!!! Ironic, everything i was taught as a youth, is now wrong 🤣 1. Get a formal education = (you'll have college debt for life $$$$$$$) 2. get a 9-5 job = (you'll be a wage slave for the rest of your life) 3. get married= (you will end up divorced and destitute.) 4. have kids = (you will be broke, until your kids are adults. by then, you'll be to old to accumulate wealth.) you know, makes me think i should have been a self- centered, narcissistic A-hole when i was 20, and I wouldn't have all the problems I have. 😂😂
@vivicadesign
@vivicadesign Жыл бұрын
Thank you so much for this great video! ❤
@Historyteacheraz
@Historyteacheraz Жыл бұрын
Great book list. A Teenager’s Guide on how to Invest Like Warren Buffett and Charlie Munger is a good book for new investors.
@WEALTHY_RICH_how_to_get_rich
@WEALTHY_RICH_how_to_get_rich 9 ай бұрын
🎉Great video. We are all seeking financial independence and a better way of life. This is not difficult to achieve with savvy investing, a frugal lifestyle, and cautious budgeting. I'm glad I learned early on to work hard for financial independence. As Warren Buffet said, he has seen this happen many times in his life. Not an investor, my wife and I never earned more than a middle-class salary. We plan to get retired at 58 with a stock portfolio worth $1.7M. We have never sold so much as one share of stock.
@TeslaEVolution
@TeslaEVolution 8 ай бұрын
4 hour work week is awesome, especially if it's the updated version.
@PkGemar99
@PkGemar99 5 ай бұрын
Find the book titled Secret Pathway to Triumph. You'll learn all the money attraction techniques there. Trust me on this.
@daninspiration4064
@daninspiration4064 Жыл бұрын
Start college get a job and open a Roth IRA. Take out a Liam even if you don’t need it to pay for college. Take that loan put 6500 in a Roth IRA. After graduating take out the invested capital to pay off loan and Continue to max Roth every year. You should be retired with 3m by then.
@carmenalabat8425
@carmenalabat8425 Жыл бұрын
Another excellent video much appreciated. Adding to my personal investment list😊
@GoGarbage
@GoGarbage Жыл бұрын
I have Subscribed because I was just thinking that someone should do this exact thing and then you came up😊 Crazy
@BeanCruisers
@BeanCruisers Жыл бұрын
Read good books and talk about them...
@CristianFernandez-eu3cm
@CristianFernandez-eu3cm Жыл бұрын
Great recommendations, I’ve read several of them, but will take note for the other ones. Have you read Die With Zero? It is a gives a brilliant perspective from spending balance.
@DontsayThat-c9d
@DontsayThat-c9d Жыл бұрын
Yes he has and he’s still pushing people to save it all and than nursing homes take it. Bad job.
@Jurmeh
@Jurmeh Жыл бұрын
Only one thing will make you rich. Spending less than earning and not saving your earnings in money.
@kimmykero2421
@kimmykero2421 Жыл бұрын
Great vid...yes, "coffee is life!"😂😂 I totally just sub-ed! I've read the Millionaire next door, The Psychology of money, Rich Dad, Poor Dad...great books. I need to read some of the others you've suggested.
@creativemind966
@creativemind966 Жыл бұрын
Thank you ❤
@av4140
@av4140 Жыл бұрын
This video deserves far more likes!
@Zhequirinal
@Zhequirinal Жыл бұрын
Compound interests work when you can actually get interests from your bank but here in Switzerland we get max 1.5pct top and on max 250k per account... far from the 10 pct you mention
@tiffanyonwudinanti
@tiffanyonwudinanti Жыл бұрын
A video on your KZbin setup would be great!!
@erintannehill
@erintannehill Жыл бұрын
Picked up a few new books to add to my TBR list. Thanks! I'm reading I Will Teach You To Be Rich right now after watching his Netflix show and listening to his podcast for a few months. I like his approach of defining your rich life first so that you can decide how you want to allocate funds and cut back on what doesn't align with your rich life. I appreciate where you're coming from with wanting to live more frugally and having a more developed budget. It just isn't for me, and I really like Ramit's system.
@saras.2173
@saras.2173 Жыл бұрын
11:55 empowering quote
@BeanCruisers
@BeanCruisers Жыл бұрын
How are you using the quote?
@user-fp4dr1ne7z
@user-fp4dr1ne7z Жыл бұрын
Frugal has negative connotations in today’s world. It sad to see people give up on their future to “keep up with the Jones” by going on too many trips and buying expensive stuff. They always say it’s an investment but it only makes them poorer over time.
@TysonDay-c5w
@TysonDay-c5w Жыл бұрын
Think and grow Rich
@emily__peterson
@emily__peterson Жыл бұрын
I’ve read and love several of these books but I’m excited to read a few more that you’ve mentioned! Great summaries to help me pick which one next 😊
@GabeBult
@GabeBult Жыл бұрын
Awesome! Hope it helps
@sierrasky2491
@sierrasky2491 Жыл бұрын
Have you ever read John Bogle? I would love to know what you think of his books especially now that 20 years has gone by and he has passed away. Do you think his ideas still hold in today's world? Would love to know your thoughts.
@shar4056
@shar4056 Жыл бұрын
Hi im 52 almost 53. What advice do you have for me now at this age.. i dont have 30 years lol love to retire early but no idea about how to invest. Definitely living paycheck to paycheck on one income.. ty
@leee3880
@leee3880 Жыл бұрын
Even though I own a little real estate, and it has gone well, I believe that most people should invest in their 401k, IRA, and index funds.
@connormcc
@connormcc Жыл бұрын
Have just found your channel and love it! I like to listen to audio books and podcasts, but I feel that I don’t absorb the content, and not able to take notes the same way I do with a physical book… any tips? Also what are your top book recommendations to improve my productivity, outlook, finances etc?
@Mdias8923
@Mdias8923 Жыл бұрын
I like how fast you talk.😂 I am not a native speaker but cool still. Thanks. Nice content.
@maxgelberk
@maxgelberk 9 ай бұрын
Astro Money Alchmey book full of financial secrets and money making tips
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