How To Manage Your Money Like The Rich

[@DanLok]

What is your BIGGEST goal right now that you are struggling to accomplish? Comment below and let me know. I might feature the solution in a future video.

[@yaadbossvlogs]

I am currently doing network marketing and website creation my biggest obstacle would be getting leads and generating traffic.

[@witchvoxful]

Being a successful investor is my biggest goal. Im very interested but somehow im having trouble getting my feet in the water

[@brandonblackshear9154]

How old are you Lok?

[@purplebutterfly360]

So I'm not sure if I misunderstood you Dan, but are you saying that if you're over 50 years old you don't have the wherewithal to work more hours?

[@maggieghaly2188]

I need ideas to start my own business.

[@ZacharyLaid]

You can only work so hard while you are young, but the *Key* is to make your *money work for you* if you want to be rich forever.

[@juliusrendon5936]

yah you're right but there are some people that love their jobs to bring value or serve people, even they have enough to retire and live luxurious life until they die.

[@luxurydoll6007]

True 😇

[@spikwill3715]

I bought a house with the profits I made from my forex investment in just 12weeks. I couldn't even believe I could buy a house at 31

[@spikwill3715]

Wow! Last week was a blast, just received $34k. Magret is amazing

[@margaritacarmona-carriedo7503]

Youu guys are still young! Health is Wealth! Investments in Prevention will give you TONS! No back pain, No musle pain. Investmentes in Hwalth Coaching are the NEXT WEALTH :)

[@osse1n]

The most important lesson I've learned: *"Be broke until you are NOT"* Lavish life have to wait until you really can afford it.

[@NextRated]

live within your means and be grateful for what you have nuff said :)

[@andreasleonlandgren3092]

Yep

[@ohyeah2269]

So true been learning that and my dad's been saying it a lot and notice it

[@daddyl9iirsh583]

Damn straight

[@Grevlain]

I agree, but I believe the one exception is if you need to "look a part" as part of your money-making ventures. If you are selling a 30 million dollar house to a billionaire, you are gonna need to be dressed well etc.

[@anniecortez4591]

That’s why my mentor told me that the difference between Rich and Poor was one decision,, to educate yourself how money works.. Thank you Dan 👍🏻

[@keith2754]

This is the best damn video I’ve ever seen on managing finances. I had to watch it 5x. Thanks Dan

[@thorntonwhite3813]

Keith D true story

[@VRCM_Skywarn_XUSA]

1. Necessities - 30% 2. Emergency - 15% 3. Investment - 30% 4. Learning - 15% 5. Fun - 10%

[@jobmatano3096]

Spojop

[@jobmatano3096]

Yghxcxc

[@peterernest431]

It seems like you are wealthy already, how do you buy necessities with only 30%, what do you do for a living chief??

[@ahmedalshami589]

my necessities costing me 101% of my income 😭

[@DamageDann]

I mean, it really depends on the income you’re currently making. But if that’s how you’re doing yours, well, you’re already making a lot.

[@98Blacklightning]

“I manage my money like the rich therefore I become rich” “No matter how little I make I will always have plenty for what I need” “Intelligently investing my money is multiplying my money”

[@akintolasherif5924]

Bluedude8 Awwww that nice.....I’ve been looking for any legitimate investment for a while and I’ll be very glad if you can help me out

[@jobmatano3096]

@@akintolasherif5924 Ccposzo

[@jobmatano3096]

@@akintolasherif5924 Ccposzo

[@isaacclementinc]

@@akintolasherif5924 pls invest in yourself 😊 learn a high income skill

[@amstronglenfon822]

"it is the habit that makes the difference"... This one got me, sir. Thanks for this.

[@samuelliam_sa]

would the bankers look at you weird? "oh yes they would, it doesn't matter they're broke " 😂😂😂

[@daddyl9iirsh583]

Best part

[@acyhan2429]

🤣😂🤣

[@obiifedilichukwu9730]

Yes of course the bankers are broke too😂😂

[@emprie2513]

Lol I know right!!

[@TheBabyface716]

Samuel Chetty 😂😂😂😂😂

[@ohyeah2269]

I love how confident but himble and genuine Dan Lok seems.

[@Gibla2077]

Oh yeah himble 😂

[@Astral-Cosmonaut]

stig16 himble homble

[@peterbill7319]

😅

[@yanovickpanameno8883]

The most himble guy

[@salehelukindo194]

I am already rich and always was and forever will be. This comes after starting following your videos Dan

[@SJ-jf5qf]

I have had to watch this video twice and take down notes to always read and remind myself of the wrong things I do with money. Thank you Dan,you always inspire me and I believe many others.

[@thelightwecarry]

I love these topics. Nothing like self improvement. It's all the world needs right now

[@faimeeangel691]

*“Success is the sum of small efforts, repeated day in and day out.” - Robert Collier*

[@diamondonvacation8035]

Goodwork

[@frankpearson4678]

The rich say rich by making productive moves like investing, my investment in Forex trading saved me from financial strain after losing my job. Forex trading is very profitable.

[@jongoodman4253]

@@frankpearson4678 People these days seek for wealth at the wrong places, the crypto and Forex world is the key to success today

[@leewu7745]

Forex and cryptoTrading is very profitable, if you've a professional Forex Trader that's good at what he does, your profits can increase by more than 100% .... My investment in Forex Trading bought me the house of my dreams

[@spikwill3715]

A great success can be achieved through investments. I am a great example. It's true that 2 months is a lot when you invest with the right trader

[@vanya7105]

Its always a pleasure to watch you Sifu DAN. The richest man in Babilon - half profit for charity. Balzac wrote 30% dave and forget about it.Some recommend to have a special account for taxes in advance and 50% profit to the owner.Bob Proctor never said to have emergency fund.LOA. But here is a good advice. Regards

[@hydromobiledetailing]

Who else got motivated when watching this video 🙋🏻‍♂️. Ready to save that 💰💰💰

[@paulbunyun-xi9by]

Rich Dad Poor Dad says saving money is a waste

[@Eliud-Explorewithme]

Saving money is not the problem but the problem is where you save your money because of high inflation

[@cleomentespowell200]

Thanks Mr Dan Lok. Due respect all the way from Ghana. The one thing I am struggling with right now is find the best way to learn to build a system and manage my cashflow. Thanks very much for the priceless content.

[@bigdeal2750]

2:29 That's what I keep convincing people, "I will make more money" and I am always telling things don't work that way. I'm astonished, Dan and I share similar thoughts!

[@businesswyze981]

This was such a good clip to watch. I have been getting it wrong all my life. Thank you, Dan, you have put my finances into perspective. It's such an easy solution, yet nobody does it.

[@nelliemzizi2892]

If I had learned this in my early years I wouldn't be where I am in how to manage money.Thanx Mr Lok

[@Themoment888]

I love how you share books you've read. I instantly add them to my reading list!

[@shreyassrinivasan8550]

Wow that's the best video about money management I have ever seen...!!!! Thank you so much Sifu Dan Lok

[@rinzlerarmoured740]

You are a person with both charisma and commitment that's what inspires me every time I watch you. It's on of my dream to meet you Shifu. Your also my mentor, and GOD!

[@phineasmabetoa8808]

Whatever video I watch by Dan Low I always end up enriched finacially, spiritually and emotionally. Thanks Dan.

[@karankk7]

I am using the same bucket management as a college student Love from India.

[@yaadbossvlogs]

Thanks Dan you have been one of my biggest inspirations i'm you have got my attention all the way in Jamaica.

[@shahidaraaz3161]

You can only work so hard while you are young but the key is to make your money work for you if you want to be rich forever..and I like your confidence

[@PatrickCogen]

It's important to manage your money the right way. Thanks for sharing that Dan! Keep up the great work! :)

[@micalku]

Thank you for this methode. I wachted this video view years ago and started using the methode. For me it worked perfectly. At first, i thought that 10% spending would not be enough. But found out very quickly that it was. Thanks again, Dan.

[@bosska_channel5038]

One of the best money management i hve ever watch, thank u keep going.

[@rubymurungi4796]

Am new to the Chanel ,and am just wondering where I have been all this while. I feel I am where I needed to be. I'm the right class, with the tight teacher at the right time! Thanks Dan

[@Decimation1030]

6:14 It didn't hit me until he said " When you have cash, it attracts more cash." that I noticed the exact same thing. For months I've had a blank envelope sitting on my desk loaded with a few hundred dollars worth of $5 bills. I have no idea why I started doing it, but whenever it is on my desk the pile grows. When I put it in my desk drawer it stayed there for a few weeks and I didn't add anything to it because I forgot about it. Now that it is on my desk again I keep finding myself adding to it. Cash does accumulate more cash.

[@lillians.4384]

Very true

[@ghettogardeners5106]

You wake me up from the death bed I've been through all these years. Making and earning money then all gone in 3 days. Inherited such diseases from my parents. Now it's time for me to learn myself managing my money well. Thank you!

[@asmayousuf5203]

What amazing management money after dividing these five groups its mind blowing thanks sifu danlok you are mentor of wealthy

[@sf5823]

3:08 Most people think money has one job which is to spend. Money has 4 functions Spend, Save, Invest, Donate - Into from the book Richest man in Babylon 4:51 There are 5 buckets for storing or utilising money 7:27 5 buckets : 1) Necessity 60% food, travel expenses, housing, bills and basics such as clothes etc 2) Emergency 10% such as health recovery, funeral expenses etc. Never ever dip into this unless it is absolutely necessary and no other means. It's all about mindset, you have money at all times, rich mindset not a poor mindset. 3) Investment 10% future, retirement. 4) Learning bucket 10% upgrade skills = increase in salary or job opportunities. 5) Fun 10%

[@sf5823]

8:11

[@sf5823]

11:56

[@AffirmationQueen]

Love your videos my husband and I are implementing this into our lives. We do however add 10% tithes to ours as well. I changed the name from emergency fund to blessing fund, not claiming any emergencies.

[@bandabright5979]

Affirmation Queen am coping from you

[@AffirmationQueen]

@@bandabright5979 thanks! Words have power!

[@FreddeJong]

Thank you 🙏🏻

[@worldorder1504]

*Money has 4 Jobs* *$ Spend* *$ Save* *$ Invest* *$ Donate* 03:41

[@bruh-jo9lw]

No you can lose it

[@99NothingFeind]

T&L Games 🤦🏻‍♂️

[@subscribefornoreason7390]

@@bruh-jo9lw I understand what you mean. Spending is also possible with money.

[@irenec1565]

@@bruh-jo9lw Better spend 1k at TV/smoking/phone than planinning to get 2K forom that 1K right? Sounds logical to me.

[@bruh-jo9lw]

It was a joke of course you should Invest your money into Something Like Stocks or real estate

[@norm1815]

Dan....I'm 51...I get up at 8 am and spend 3-4 hours in the heat of Fl sun 6 days a week and then work inside cleaning and listing and boxing up my products til 1 am and I am on my feet nearly 16 hours a day......We old farts can still out work many a millenial Thank you very much!! ;^)

[@jeffreyllanos1377]

Norm work smart not hard

[@norm1815]

@@jeffreyllanos1377 I have to do both now cause I was irresponsible in my youth. 😜

[@alentertainment2147]

That’s how I educate my clients everyday... good content Dan!

[@renet2388]

👏🏼👏🏼👏🏼Watched from start to finish!

[@luxurydoll6007]

Spend ,save ,invest ,donations, I answer before Dan thank you I love this type of video very helpful 🥰

[@Lxcypher]

I love Dan Lok, this man is my idol! I would love to have him as my mentor!

[@YM-ix8uw]

I just came back from gym 💪💪 and greated to a new video , ❤️ the 🎥

[@davefiasconaro9736]

Mr. Lol, you sir are my new idol for financial support. Thank you.!

[@dimitarkurtev3194]

Yep My next investment is buying buckets 😂

[@abdulrazaknajim2340]

Lolzz

[@jonaquino664]

👍👍👍

[@paulbunyun-xi9by]

i'm gonna kick the bucket

[@chucksmmadu]

😂

[@bhushanamrajendraprasad9821]

I ❤ Dan lok how simplicity, till now don't know about dan lok, Dev gadhi told that my mentor is Dan lok then i searched about him, he is really awesome n deserved for richness.... Soon future I meet him..... Imagine n visualizes to meet him.

[@TheArtofKAS]

Great vid Dan. Glad to see that I am personally on the right track with managing money and cash flow. This help clarify some questions I had in the past.

[@listondaniels9841]

Omg I did this set up multiple accounts after reading a book about it and yes when I went into the bank they did look at me weird and smerked . Good to hear I am doing the right thing .

[@lg369AO]

I really enjoyed this perspective on the percentage breakdown of money management. The learning bucket is one aspect I personally had completely overlooked but will be sure to include in future budgeting plans. The tiered percentages based on income level was also a great insight. It not only helps keep on track for investments but also keeps expenses down to earth as percentages shift. I also had a question for you, what would be the recommended donation percentage?

[@fridaymumba316]

I really enjoy watching you.....I manage my finances from now on

[@moskitojesus7895]

For me it's 30% Necessity 10% Emergency 40% Investment 10% learning 10% fun

[@bdd2752]

You shouldn't be learning less you need as as necessity... Food is irrelevant

[@sumitbaruah8930]

I have learning lot's from you Dan, you have help to set my career goal. You are my idol.

[@ffstyle]

This is very useful and insightful, thank you Sifu Dan and Sarge Desmond! So valuable!

[@lazarmiladinovic3041]

I am just happy and grateful for having you on you tube. You'r videos help so much in my everyday life.Thank you.

[@reggiemma]

I love you bro... thanks for your wisdom

[@caitlyngoss177]

I think this was my favorite video so far. The atmosphere was nice and intimate and conversational and the advice was clear and direct.

[@chadelliottfahlman-htcgrad7866]

It's nice when Desmond makes an appearance!

[@studyme-selftaughtlife4958]

*DONT* spend money you *DONT* have.

[@oliverschulte427]

Wrong, check Robert Kyiosaki

[@rrgz7717]

I agree, but only if it’s your personal finance. Business is the opposite.

[@boenkie1918]

Tell that to Donald trump

[@chrissymarsha2282]

Goes for credit too

[@punhanakevin2167]

You r very clear minded and sincere man I have ever met on KZbin.No matter I live in Turkey 🇹🇷 ,I always do my best for implementing your clues

[@Toomsa-art]

I really enjoyed this episode. The information was easy to digest and straightforward. Thanks Dan!

[@abhishekedu]

I love you Dan..I m from India and you are probably the best trainer for business coaching. THough we always save money and buy properties and gold. But this is above that. Lots of love

[@fenerinho.1907]

I love this guy pure information ℹ️

[@ravikumarnadar987]

A very nice topic which sifu taught which no one learned in school and many of them teach this in paid seminar. Sifu teach you for free. so much valuable content.Thank you sifu for helping with this video.

[@gialake9048]

POOR MINDSET IMMEDIATELY SEES A SURPLUS AS AN OPPORTUNITY FOR CONSUMPTION. RICH MINDSET SEEKS TO SPEND THEIR TIME, RESOURCES, AND ENERGY ON WORK THAT CONTINUES TO PAY OFF LONG AFTER THE EFFORT HAS BEEN INVESTED.

[@roelrudd6118]

yes, these are assets mostly traded and can make you rich,, but can also make you very poor and beg for money to eat.,especially gold

[@heeinashe8422]

It's not recommendable to go into trading or investment when you Don't know how it's done.

[@jonnyvape308]

@@heeinashe8422 true ma'am, but

[@jonnyvape308]

As a Forex trader,It's almost inevitable that you're going to experience some ups and downs along the way.Alertness and decisiveness are both fundamental ingredients in the recipe for a sucessful Forex trader

[@Davena]

This Man is gold. Thank you for sharing.

[@AndreInvests]

Great talk about how to manage money Dan! This was insightful and actionable! Always releasing solid content!

[@divineblueprintacademydbat2762]

Dan Lok I really love your teaching. You keep it real with the facts. You're confirming all I have read in books. Thank you Mr Dan Lok.

[@QueensCuisine]

How can I stop learning from you. Thank God for social media 💚

[@Jesse_Lane]

Very good advice

[@arthurskinner373]

I needed to hear this bro

[@Free_Ross_William_Ulbricht]

Dan for president! He is the best ever!!!

[@billaldilliwala6279]

Sir i am always very glad to see your best closing clips and investment tips !

[@laurencedaliva9067]

Thanks Dan! I'll follow this bucket money management system!

[@averysantos]

Phenomenal video Sifu great fundamental training. Ideally would you say that down the line your cash flow should pay for your fun bucket? Thanks!

[@rofelcayanan3173]

One of the BEST Money Management Advice!! Grateful for the quality and applicable content as always, SIFU!

[@petermusonda8578]

Have learned a lot from this lesson.thank you very much

[@KeynaRodela]

Hello Dan, my husband and I have recently been watching your videos. Thank you for this, we were both mind blown specifically with what you said about the importance of investing your money. I have a question about investment, my husband and I both have life insurances (with investment/mutual funds as a "rider") - does that count as an investment? Another question, do you have any suggestions on how we can or where we can invest more? You're talking about stocks and bonds, but we're not in USA, and I'm not even sure how that looks like here in the Philippines. Thanks and more power to you!

[@margaritacarmona-carriedo7503]

I am starting to APPLY ALL THIS! Thank you!

[@GEMtrustNET]

Today it's not about return ON capital. Today it is about return OF capital.

[@dharmann2208]

Let’s talk more===... X+1 :8:0 :2/ 2/ 6/ 5/ 1/ 2 :2 :6 W/h/~a: s / a : p ~p🚀:::: :::::::::.........

[@WeideMarket]

There are some GREAT TIPS in here - thanks for sharing.

[@philadvices3291]

Thanks for sharing This... Im Your mentee from Dr Congo

[@liquidbrillianceproduction4840]

Seifu, Thank you for your videos, advice, and inspiration. I have digged myself out of debt by renting out my real estate and teaming up with my production friends to pursue passive income. I am a musician of 15 years with a production background, but I scarified my finances for a relationship that ended up failing. I am now pursuing my dreams and paying myself first through the 60/20/10/10 budgeting model, and the difference is amazing. Pursuit happiness and the law of attraction. It's amazing how the missing pieces fill themselves in. This advice is golden. I studied economics during my college years, and Dan's videos are very clear if you follow the series. Very valuable lessons that are avalaible for everyone when they need it. This is a real business education. Thank you Dan!

[@youngbull9729]

Are these buckets separate bank accounts under the same bank?

[@gilchenyi]

Better a different bank for some of the buckets. You could ask your bank to lock the account with just entry.

[@adamjake992]

This video alone is worth MONNY💰💰💰

[@afzaltar2750]

Agreed

[@kimjin6450]

I actually ended up having 10 accounts after watching this grateful video 10 months ago. Now look back, I'm glad what I did. Thanks Dan. "Still remembering that day the banker was questioning me why I was creating so many accounts?😂😂😂" Literally there were still 5 buckets, after all, extra 5 accounts were just working around bank policies for maximizing the interest. In fact, there is no charge for having accounts with my bank. So I think it's win-win

[@thomasthorne4010]

The richest man in Babylon was definitely my roadmap to Financial Freedom

[@ArubaFunTV]

You are amazing Dan, 😔

[@EmaG25]

Thank you for these information. But in which bucket goes saving?

[@DanLok]

That's the emergency bucket, Ema.

[@mrholmes8]

Thanks noted.

[@gracefultimes]

How about for a big purchase like a car or house. Something that is needed not a luxury.

[@samhparker]

So much value from so many different books and financial gurus. thanks so much dan

[@grow704]

sir where is donation box???

[@fitalewadane5412]

"It's the habit that make the difference " well said dear!!

[@hood7empress114]

I appreciate Dan putting me on game with this on 🔍👁🔎📚📃✍🏼

[@nixonigunza4856]

I have learnt alot from Dan look and i keep learning more everday.Thanks Dan!

[@goosecouple]

Rich people don't think the same way as poor people do.

[@milamadronal9829]

Sir thank you for this video i learn many things from you i do this now god bless you and your family too.

[@REAL_GEE205]

Cool video but my finances are in total mess, a lot of debts that I need to pay. I feel so bad that this year is ending without me making anything out of it and I don’t want my parents to suffer when I’m supposed to be taking care of them. I have saved a couple of thousands and I want to invest it to create extra means of income but the problem now is I don’t know where to put in the money. Please someone should save my ass, I need some advices. And if possible best investment to create passive income with. Thank you

[@JuliusFritzz]

There is alot of lnvestment options (cry-pto,stocks,real estate) but my advice for you is to get a good IA .I've made alot working with mine

[@REAL_GEE205]

@@JuliusFritzz please who can properly guide me.... please recommend me to someone?

[@JuliusFritzz]

@@REAL_GEE205 I would recommend you to my IA who has help me alot...Claire Anne steinglass.....she's the best one could ask for ......

[@JuliusFritzz]

You can browse about her and her services using her name .....thank me later☺️

[@CodingToInspire]

Read the richest man in Babylon and most importantly than reading the book, imolent what you read in the book. I don't care if you are a million dollars in debt, it works

[@mohamedbenmbarek295]

DAN you are the DNA of wealth..

[@ConnorPugs]

"I came just a few minutes ago" me too bud, me too

[@jamsaddis9313]

You now have a fan from Ethiopia, west Africa. Many thanks for sharing your time and wisdom.

[@diegoleon7748]

Would the bankers look on you weird? dan: doesn't matter they are broke 🤣