I’ve Read Over 100 Books On Money … Here’s What I Learned

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Күн бұрын

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@lucygrech3688 Жыл бұрын

I recently moved to another country where it is better to live - sunshine, the sea, healthier, stress free lifestyle. Now I work 3 months of the year. I have more time to myself. I have lived like this throughout my 30s, 40s and 50s. It's a lovely work/life balance - the emphasis being on "life". I have done many different kinds of work and have many skills. Sometimes in the west we can be sold a lie and think we have to follow a particular way, which can be stressful. In my 20s I witnessed a lady from my work retire at 65. We had a small party for her. One week later she passed away. Matthew 6:25-34

@Kimmer Жыл бұрын

Great video Azul. One suggestion I have is that, when you have a list of items to discuss, it would be so helpful to list these and possibly even show time links to where each of the item discussions begin. I've noticed that some KZbinrs do this, and it helps people learn and remember more quickly. Thanks again!

@Oilfieldscout Жыл бұрын

There is a transcript feature.

@ths3100 Жыл бұрын

You are right that we need to have gratitude for many things we take for granted. Having a roof over our heads and food on the table are great blessings. Thank you for excellent advice and insights.

@rodrigomontoya1145 Жыл бұрын

The best thing about you is your integrity , and also sharing all those experiences that you aquireded during your younger days.

@Adrian7469 Жыл бұрын

Hey Azul, have you read a book called The Wealthy Barber? There was a Canadian infomercial guy back in the early 1990’s promoting his book. The financial advice in the book changed my life.. I was lucky to find it while I was in my 20’s and it was the first place I learned about saving 15% and the power of compound interest. I reached out to the author a few years back on Facebook and he was kind enough to respond. A good guy.. like yourself!

@heidikamrath1951 10 ай бұрын

Loved that book!

@dlg5485 Жыл бұрын

Honestly, life in the USA has been steadily getting more difficult for working class people for more than 40 years. Political corruption and incompetence, and shameless corporate greed have largely ruined this country, so it's definitely not the 'shining city on a hill' that a wealthy country like this should be. Americans need to stop blindly believing we're the best at everything and start acknowledging all the things that are wrong with our country. Only then can we fix them.

@Zues64 Жыл бұрын

I've read a dozen or so over the years myself, Azul. The theme's in these books are repetetive for sure. I never found money management to be a rocket science or particuarly difficult to invest over the years. Money is certainly fungible and I used it to buy other assets and strived to stay ahead of costs. As a retired engineer, I'm particuarly good with numbers and that helped for sure. I found living within our means and controlling expenses the most important decisions we made over the years. We lived a rationed life over the years, avoiding the temptations of big toys and such. I think the emotional discipline of money decisions is the number one theme most money gurus pound in these books I read and I found that to be true true true for us. Thanks again.

@rubyus7332 Жыл бұрын

Well said!

@whatsup3270 Жыл бұрын

This is why they say simply buy the S&P 500 (Warren Buffett) or Buy a bucket of everything(Stocks and Bonds) and live with the average growth (Jack Bogle). Simply don't try to pick and choose or time opportunities, because that is constant competition and even if you win 500 times in a row you can lose it all on the next change. Simply let 30 or 40 years of growth in current and past investments do the job.

@juliasander1680 Жыл бұрын

Excellent recommendation not to compare yourself to others. We really don’t know what others’ situations truly are. Do the best for yourself & your family.

@rubyus7332 Жыл бұрын

2. “Some investments are designed to sell and some to keep!” This expression clarifies a lot! Thank you for this! 👍

@FrankDimino1 Жыл бұрын

Always good info-My uncle told me in 1969 to work in a state or city job and get a pension. My attorney recently told me he should of never left the CHP (California Highway Patrol) when he was young! Work 30 years and qualify for a CALPERS or CALSTRS pension and be financially secure for life!

@suracharawirojratana8723 Жыл бұрын

I really appreciate your wisdom, especially this video !!! Money definitely can provide freedom and most of all , it teaches you to be humble and generous. THANK YOU AGIN FOR YOUR TIME educating me !

@thomaskelly7780 Жыл бұрын

A systemic failure in this country comes from the fact that poor people with little money can’t teach their children how to invest. They don’t know how! Schools don’t teach it unless you go to college and take business courses. The average person is left to learn investing on their own or to seek out professional advice. The trouble with this is two fold. Learning to invest can be daunting. The fear of loss is real for beginners and the professional investment industry is predatory. Their going to make money weather you do or not. We need to teach money management in grade school and high school.

@AnnMitt Жыл бұрын

Plenty of books and videos to learn investing on your own. Key is to start in your late 20s.

@Rob-me8vp Жыл бұрын

Our children’s high school required students take a personal finance class. More and more schools are requiring them. Teaching kids the importance of compounding interest is crucial.

@tracybrown9752 Жыл бұрын

We can’t teach it all…parents need to step up.

@jg5555 Жыл бұрын

Thanks for another great video Azul. You packed a lot of wisdom into these 23 minutes, especially the part about having gratitude, and I'm grateful for that! Keep up the great work sir!

@faithborkowsky Жыл бұрын

Thanks for the recommendation to read “Die With Zero.” Excellent read!

@MaryamAhanchi Жыл бұрын

I love your videos and the great information and knowledge you share with us. Please keep them coming. Thank you for all retirement financial advice!

@duneme Жыл бұрын

Not everyone needs an advisor! Some of us don’t at all!

@mindcache5650 Жыл бұрын

Unfortunately the average 60 year old does not have 1000 weeks of healthy retirement. The average male life expectancy in 76 . Deduct 6-7 years for healthy life expectancy. That makes 10 years to really enjoy retirement. 600 weeks . Then medical expenses outside of Medicare will pixelate any savings you’ve accumulated.

@FIRED13 Жыл бұрын

Got another one for you Azul Learn to cut your losses when it's obvious (or you have indications) you've made a bad investment. Keep your loses small, you will eventually hit the big winner, but you need to have not lost all you capital first. On the flip side, learn how to not be too greedy and take your profits. No one has ever lost taking a profit

@valveman12 Жыл бұрын

*I’ve Read Over 100 Books On Money … Here’s What I Learned* I learned I have no more money after buying 100 books on Money. Sorry, couldn't help myself😁

@heidikamrath1951 10 ай бұрын

He said he *read* them. He didn’t say he *bought* them, lol.

@valveman12 10 ай бұрын

@@heidikamrath1951 He didn't say he didn't buy them either. Anyway, it was just a joke.

@jhors7777 Жыл бұрын

Thank you Azul! I am so happy I found your channel.

@robstreicher5561 Жыл бұрын

ANOTHER great video! Keep them coming Azul. You touch on so many topics/concerns..... I really enjoy your thoughts and wisdom.

@Sylvan_dB Жыл бұрын

I hate the "river guide" analogy. A true river guide is on the river with you and will experience everything you experience, including getting dumped in the water with you and missing meals because your food was swept away. If a financial advisor gives you bad advise and 20 years into retirement you find yourself in trouble, you suffer on your own. In other words, an advisor has no skin in the game.

@jeffkline9191 Жыл бұрын

A lot of risk letting someone else do your thinking for sure.

@ronaldlucas4036 Жыл бұрын

Just started watching your videos, enjoyed everything you have talked about so far . How about talking about a divorce and the best advice you could give a couple going through this . Your Canadian Fan Ron 😊

@ahmadmumtaz4947 Жыл бұрын

1). Money can buy freedom if can’t buy happiness 2).when save money it’s not enough you must’ve to invest it smartly after proper research/due diligence / calculated risks :May be in stock shares mutual fund real estate 3).Power of timely/right Decision: again after research/ due diligence: treasury bonds @ 1% or 2% ll make significant difference in long run 4).Income from Money:high specialisation / high value skills : big company CEOs/ entrepreneurs: Compound Effect 5).The fear of losing money: fear of taking risks / failures / no body can time the market consistently : how to go about anxiety ? You ve to master it thru mentors experienced hands / professional experts 6). Having Gratitude : trust : stay positive to deal with scary times : diversification portfolio / cash 7).Abundance Mentality : not to compare urself with others : if you do envy jealousy negativity ll results 8). Compound Effect the 8th winder snow balling grow capital gain after time : time and patience are crucial because there is no short cut nor overnight success..!!

@Sofaguy101 Жыл бұрын

Money is not the root of all evil but the love of money is…

@jocelynparfan4595 Жыл бұрын

I just want to see you talk about what you are so knowledgeable about.I am not so much into that but so amazed about you.more power Azul🎉😊

@sandylamba2546 Жыл бұрын

I really appreciate your approach and information. I agree with your advice.

@RideMoreNow 8 ай бұрын

John Bogle: "Don't do something, just stand there!"

@AnnMitt Жыл бұрын

I have a friend who is a multi-millionaire and early retired at 45. She is grossly cheap. Her penny pinching behavior has nearly ruined our friendship.

@danacaro-herman3530 Жыл бұрын

@AnnMitt. That's why she's a multimillionaire. She's cheap!!😅

@whatsup3270 Жыл бұрын

100 years ago a million was 1,000 years of wages today a million is 16 years of wages

@kingdavid1614 Жыл бұрын

There is an old expression. Rich grandfather poor grandson

@rubyus7332 Жыл бұрын

Scary and sad!

@sandielefant8258 Жыл бұрын

Azul, I'm literally creating spreadsheets with goals, looking at the numbers and getting fired up for the future! Thank you for your inspiring and insightful videos. I'm searching for that Fee Only Financial Advisor thanks to you :).

@lilibethvilella 8 ай бұрын

Love your nature talks ❤ & wisdom. I shared you with my 21 year old son

@rayc3866 Жыл бұрын

I enjoy your perspectives. Glad I found your channel

@paulturner4419 Жыл бұрын

I’ve read a lot of investment books and came to the conclusion that these mostly preach the same thing: buy and hold low cost index funds. This is not good IMO.

@daverose2279 Жыл бұрын

good info thanks im new hear but i like the way you present

@johan8724 Жыл бұрын

Cbdc, you will own nothing and be happy klaus schwab says😂😂😂

@geoffmcarthy7314 Жыл бұрын

Thanks ! I’m missing a guide . Great advice

@MrKardanad Жыл бұрын

Greetings from Turkiye, you have solid financial advices. My experience is that keeping a sound long term portfolio is something enormously difficult. Not in the meaning that it is difficult to make it but to keep it for long term resisting the temptation of playing a genious trader.

@fvvfvbbbb Жыл бұрын

Low cost Index funds.....

@willmartin34 Жыл бұрын

Thanks for the video....the books that have given me the biggest return hands down are... Matthew....mark....like .....and.... John....thanks.

@iczemi Жыл бұрын

I wish I was able to give you ten thumbs up. I do have that anxiety, and I do need an advisor.

@tonybrentnall814 Жыл бұрын

Ty for another wisdom w Azul session on life & $. Love to hear a chat on consolidating assets. Finding it confusing spread to multiple banks and firms (Schwab, Ameriprise, Fidelity, Wells Fargo, credit union) each charging management fees etc

@user-tu9bh1uq3x 9 ай бұрын

Go with Schwab or Fidelity! Never use a bank for investments; their fees are ridiculous. Ameriprise and Edward Jones suck too. I have both Schwab and Fidelity and between the two, we have $7M+ net worth.

@user-tu9bh1uq3x 9 ай бұрын

@keithcitizen4855 Жыл бұрын

All cash return was disappointing for about 3 years just luck the return on it has improved , in my case could of panicked and bought property during the zero interest rate time but weighing things up IE the worry about bad tenants and my age all cash suits me especially now. I have idle $100k in the compulsory super fund seems same as the 401k scheme in America. In the 80,s I was paying 19% interest to buy my first property, in 2013 I lost on paper half a million in 12 months by selling my ramshackle joint for a disgusting house and land package further out.

@cornificus9986 Жыл бұрын

Thank you for putting out great content, Azul. I am finding a lot of value in your channel. I have taken in the message you have repeated to seek out a fee-only financial advisor. Are there situations where a managed account (with higher fees/expense ratio) with a retained advisor makes sense for an investor? Multiple account types, compressed time frame, sideways market . . .

@letsdanceonhere Жыл бұрын

more great content, thanks Azul. When researching stocks to buy, how do you value a business? I understand you cannot give financial advice because you do not know my specific circumstances.

@dansdrumchannel9239 Жыл бұрын

I think Mr Bogle was known to say "no one knows nothing" as well!!😂

@darylmiller8911 Жыл бұрын

If you haven't already done so, maybe do a video recommending a couple books of the hundred you have read.

@leelawateemohammed7899 Жыл бұрын

Thank u so much....very valuable information

@skidplatedamaged Жыл бұрын

What books do you recommend for a solid foundation?

@jackjack4412 Жыл бұрын

Richest man in Babylon. It's not religious.

@jn8559 Жыл бұрын

Have you heard a Mexican song Azul by Cristian Castro? It's one of my favorite songs. Very uplifting. It's on KZbin.

@whowillsaveyou3554 Жыл бұрын

I would be interested in your opinion about what is wrong with healthcare in this country. What are some of the solutions in your opinion? Chime in if anyone has a comment.

@Sylvan_dB Жыл бұрын

@@ianmcnamee1652 Or the lack thereof. When the government outlaws competition or regulates it away, bad results. Check out Surgery Center of Oklahoma or the medical/hospital system of Singapore.