How Rich People Think About Money (Psychology of Money)

[@MyronGolden]

If you liked this video check out: How to Become Rich kzbin.info/www/bejne/mniTn6Cji6l2gK8

[@kelvinkiplagat3044]

V

[@CRASHbeamNGandStuff]

@@kelvinkiplagat3044 huh?

[@entrepreneur-whisperer]

About a year ago, I saw a few episodes of ‘undercover billionaire’, and after spending 45 years of subscribing to time for money, work harder to make ends meet, a light bulb went off - “wealthy people don’t keep trying to make more money, they take money they earn and make IT make them more money!!” This is gold here Mr Golden, as always!!!

[@stevewoodson4635]

Pimp play have your money

[@Spladoinkal]

THIS. Most wealthy people have 4-5 streams of income and some up to 7. Multiple ways of your money working for you. Even business is like that. You may make $20 off of a service, OR you could tons of people do the service for you, pay them each $15 and take the other $5. Doesn't sound like much, but lets say you get 100 people to do the services. You make $500 and all you're doing is SETTING UP the appointments for the service.

[@ipetert5372]

​@@stevewoodson4635pimps yeah have more sense in having a hoe bring money tho ungodly

[@dr.mohamedaitnouh4501]

``How can turn $1 to $2?" Rich people take risks... poor people want a guarantee... .. I subscribed. Clear and Precise!

[@AI_Talks_About_The_Bible]

Yes, me too. This is a real leader and he’s blessed with Wisdom. Love his teaching.

[@dreamitandbuildit.8326]

Great stuff my mentor

[@sheritacotten5293]

poor mindest vs wealthy mindset

[@marquis08]

we need to stop with the "poor ppl think like this" mentality. You clearly have never been poor or know any actual poor ppl. We can say that "middle class ppl want a guarantee" because they actually have resources. Try telling a poor person who hasn't eaten in 4 days to take that dollar and turn it into 2, when they don't have the option or resources to think of growing instead of surviving. Pretty typical comment to do rich vs poor.

[@alleciarobinson3060]

​@@marquis08 but many dirt poor people came out of poverty by changing their mindset

[@julianvanscoyk2991]

"When you invest you're buying a day you don't have to work "

[@khuonghieu3894]

I'm not surprised that someone recommended Margaret.I was completely skeptical at first . My greatest happiness is that I took that step . I am completely debt free now and also started my own business. I can also say that Margaret is the most sincere broker I have ever met

[@1975COREY]

I love it

[@carrjp]

@Jason Xavi bro we should link. I've went similar process but came out of it. Lets find a way to link

[@johnnywalker4897]

So wthell is investing? And how do you make that day come sooner

[@uthmanodedele2220]

But what is an investment without ur time

[@sonusingh36]

"Seek opportunities over guarantees." Well said. I'll keep that in mind. Thanks 👍 11:40

[@achieverslane908]

Myron's ability to break down complex issues into simple easy-to-grasp bits is astounding. One of the most eye-opening videos I have ever watched on this topic. I just subbed.

[@faithandworksasmr8130]

He’s so blessed with this ability

[@trayshana]

Agree

[@ingridmcfarlane8348]

Amen

[@TheNaturallyou]

agreed

[@peteridah4505]

this is hands down the best 12 minute explanation of the psychology of money I have ever heard! Thank you 🙏🏼

[@jonsetzertv]

Whoever controls the gold controls the influence! This brother knows his stuff and knows how to control the gold!

[@Baby_Locs]

This is literally the best explanation of wealth.

[@ImSuperGoodAtDancing]

Brother!! Thank you discussing the psychology of money with everyone. You make it easy to follow, plus I hope your voice will reach others that most can’t. Respect!

[@marcusingram1681]

Exactly, we need to spread the word. We do our part and we can expand the knowledge.

[@flyguy131]

Love your straight no chaser no fluff approach to teaching wealth creation. Also the fact that you produce powerful content in under 15 minutes. Keep the Movement going Sir Myron. Blessings.

[@lukoerics3625]

Your simplicity in explaining issues is both commendable and admirable. Thank you...

[@CurrentlyVisioning]

SO EASY TO COMPREHEND💯💯

[@twinsistersllc]

Your paradigm is the #1 factor in what your reality actually is. Your life is a reflection of your thoughts and beliefs. What you believe you deserve, and are worth is in direct correlation to your health, wealth, and happiness.

[@Kwill888]

Be-LIE-ve

[@zb2747]

I turned 25 two days ago and by the grace of God I stumbled upon your video on wisdom and have been listening to your videos since. I grew up in a single parent household without a father and by having a male figure to learn from like yourself has helped me in this season of my life. Glory to the Heavenly Father, lord and savior, Jesus Christ. Much peace and blessings to you my brother 🙏🏾

[@tajpaynter1736]

This was super helpful. Especially the part at the end. I had to sit with that one. "Rich people seek opportunities. Poor people seek guarantees."

[@royalpriesthood7389]

This is the perfect breakdown in 12 minutes versus a semester of the mindset of money! Thanks a million!💰

[@Mr.Royster]

"You own a job, not a business" - great way to position entrepreneurship

[@wedoebe]

I 100% agree with everything that you just stated. This is a curriculum that should be available at every community college at the minimum! 🤓

[@PraveenSrJ01]

Like number 99

[@sowhat8307]

Lol…this comment is so cliche.

[@iamkxtv]

Fellow Ex-Trashman! Never heard this stated in such a concise manner. Cut, dry & super impactful. Subscribed!

[@site_is_down]

What truly separates the rich from the poor is their mindset and their attitude. The rich always want to expand their wealth while the poor always want to expand their spending limit and capacity. You gained a new subscriber 😊

[@Roquea.207]

Solid comment

[@anneo3931]

100%

[@chineduokunamiri6761]

It's difficult fighting our old and faulty beliefs but it is possible. In my life, I have absorbed so many of these lies and it's a struggle suppressing them now. I love your concept of systems and building them. Thanks Myron Chinedu from Nigeria

[@clarity32123]

Thank you for your videos. I wish I had understood this in my 20’s. I finally get it, and I share your videos with family members and friends. May God bless you abundantly and continually.

[@nukeman444]

That's why it's called, "Self Employment" instead of "owning a business". Businesses don't trade time for money. Good video.

[@xkerchx]

This is good material. It’s basically synthesized from the books “Rich Dad’s Cashflow Quadrant”, “the Richest Man In Babylon”, “Rich Dad, Poor Dad” and a few others.

[@ThuroTypeMusic]

Incredible love how you just broke that all down, so simplified. Sometimes that’s all it takes to make a person start thinking differently every day

[@RasKalevthesouljourner]

Thank you. I’ve been broke and homeless most my life. I will change this.

[@christianudorie9121]

So lucky to have come across this video at this critical time of my life... I'll put it to good use.. thanks

[@shannonhamilton3065]

Myron is amazing how you deliver info. This short video helped make a mind shift

[@jaimeandrescarcamosepulved2456]

Every time I watch just one video it turns into a 3 hours bench-watch. Pure fire. Thank you for providing this content. God Bless!

[@mallkeese3190]

The best money teaching on the internet💯

[@blanditehenrice5101]

Yes, I totally agree. I am working on changing to a rich mindset. Thanks for the remainder!

[@yvesdomond9877]

Dr. Myron, l love your illustrattion, concept of money and the fact you are a man of God.

[@tashafoster9737]

Thank you so much!! I’m so glad you popped up on my feed. I’ll definitely be tuning in. God bless 🙏🏾.

[@backcountyrpilot]

“You can get a job for free, why would you go out and buy one?” Brilliant.👍

[@directorjonesfilms]

FROM 4:14- 4:57 blew my mind!!! I always knew this but hearind this from a different perspective makes alot of sense to me.

[@idrkok]

I watch a lot of financial videos, but the way you explained this concept was eye-opening. Thank you!

[@cwburton80]

Best lesson I have ever heard about what I know, but have been unable to explain to those I love.

[@mindscrambler1804]

For some reason I was led to click on your video. I like what you're doing. Teaching is a passion of mine. Much appreciate seeing you work it.

[@samcooley9448]

I like the fact that this guy is transparent and honest... Not to mention that we have corresponded on a few occasions...

[@leodasavage2626]

It made sense I'm gonna forget guarantees and starting looking for opportunities ❤️

[@anthonyalexander7386]

Hearing it makes committing to making better decisions very easy..

[@fergusondemetrius]

And we sticking to that mf forever

[@theogbeprecious]

Exactly... You should watch the video more than once for it to really sink in... It's helped me so far

[@leodasavage2626]

@Tyree blessed BOY Please find something to do

[@Calhoun89]

Brother I looked at the random thumbnail in my feed and instantly knew this must be quality content! Thank you for your service ❤️

[@stephaniedunlap-holloman7603]

This made so much sense. In a few minutes he decimated years of misdirection and errant teaching.

[@riccodacci]

His intersection drawing was so accurate 😭

[@20xvisions11]

This is nothing but the cash flow quadrant which Robert Kiyoski explained from being an 1. Employee 2. Self Employed 3. Business Owner 4. Investor

[@VladleTaxi]

The explanation is more efficient!

[@KeltonAlexander]

That doesn't understate the value of what he's saying does it?

[@nigerianclassic8209]

If you were listening, you would understand that the main purpose of this video is to highlight the perspectives on how people view money. The knowledge has always been there but we cannot apply it if we don't understand. He brought understanding and application to the table. Well done Mr. Golden.

[@LNEMS]

I suppose everyone has their own teacher or person that is why there were 12 disciples. Same message different teachers. Some sow, some water and some reap. Well done sir Golden. You turned simple information (knowledge) into understanding

[@eze2190]

This is correct. The vast majority of people will never think this way. Good presentation

[@DaymonOfSolutionsThatHelp]

OH MY GOODNESS!! For the past 30 years, I have been trying to figure out why my wife and I have been divided about money. We have different mindsets on money 💰. She wants the guarantee. I am always looking for ways to put my money 💵 soldiers to work for me. Thank you youngman for sharing your wisdom and knowledge with me on this matter. Great video. I am looking forward to more of your content.

[@jkkennedy8919]

What’s a good way to make my money work for me. I can’t work for someone all my life

[@successstrategies8363]

@@jkkennedy8919 💯

[@youngatnaruto5842]

@@jkkennedy8919 Invest in Assets that produce Income 1.Company - Absentee owner, Equity in company , Own Company. You can start a business or buy a small company through a business broker hire people to increase the revenue and sell it down the line to 3-5x what you paid for it 2. Intellectual property - patent , trademark , Copy right , Royalties you can buy Intellectual Property through a patent lawyer and possibly sell it to corporations for a larger amount 3. Real Estate - Personal Residence (live 2-5 years and sell when it appreciates),Multi Apartment , Repair and sell , Buy notes/ Debt, Take loans against Real Estate , Buy Auction/ fore closed homes and repair. You can also do Bird Dog Real estate with very little money 4. Paper Assets - Index Funds , Single stocks , ETF , Bonds , Muni Bonds , Crypto ie Bitcoin/ Ethereum/ litecoin 5. Luxury Assets- Antique Cars , Art Work , Jewelry , Watches , Rare Whiskey , Collectible Cards , Memorabilia. Take loans against luxury assets to invest in assets that produce income 6. Life Insurance - Borrow Money from policy, Use as Personal Bank. The founder of Disney used the money from his life insurance to start Disney, The good thing even if you are unable to pay it back it is subtracted from your amount after you die Live below your means, you use your assets to pay for your basic necessities and always think of money as math how can I turn 2k to 4k to 20k to 40k/ 300k to 600k etc. Also the Rich hire the best tax lawyers to legally reduce their tax bill to keep more of their income to reinvest.

[@happybrownman]

Subscribed!!!! I’m an OAJ burgeoning to OAS moving to a SMS. Thank you. You are now one of my de facto mentors!!! Gems!

[@primroseroberts2349]

I really need to hear this because I have a poor and middle class mindset. Time to change NOW. Thank you so much for this amazing advice. ❤❤

[@evelanpatton]

I love how he said “ethnicity”- I absolutely hate the word “race” & everything that word has created. I wish we would stop using that word & use “your ethnicity” (diverse or solid). This man is great! So grateful to find him!

[@teacherbrad9534]

That resonated with me. Having the right money mindset is key.

[@PraxisOfHealthBillFaulkner]

Absolutely brilliant. Truth is always hiding in plain sight. Yet, most people choose to live paycheck to paycheck.

[@goodpublicunitedindia268]

No one said it better for me till now. Rich psychology creates money from money. Poor just want to spend money. Thanks myron. Thanks❤

[@goldenlabelstudio]

Thanks, cousin…lol…Alfred Golden, here..thanking you for this clear and concise perspective!

[@how2playgospel]

You have a gift in showing people how to see clearly where they are, and also provide them with a clear direction on how to get to where they'd like to be going. Thanks again for sharing.

[@site_is_down]

I agree! He and his videos have inspired a lot of us to do good with money 💯👌🏻

[@royalflush8173]

1 minute of listening to this guy and im now a subscriber

[@chantew5683]

This video literally opened up my eyes and changed my whole mindset regarding money. Thank you so much for this video and God bless 💖

[@tonymckinney1355]

This video should be the first video to watch when you trying to figure out how to change things financially in your life. Truly a lessen.

[@Realkylebyrd]

Cashflow quadrant - but repurposed. Love it Myron 🔥

[@Cason40]

Came on here to say the same thing. I do like it though.

[@ghostlyfe1923]

I literally saw Robert kawasaki on this too bro

[@ila83]

“Time is money is the most expensive lie” definitely have a new sub ✊🏾

[@acajudi100]

I use debit cards, and I always donated to non beggars to help themselves.I keep a little cash, and I keep preps. I do not deal with coins. Thank you. Cash can be counterfeit, so be careful, and you can be robbed of your cash. Thank you for sharing your EXCELLENT videos. I started traveling from age 20-73, and now at 79, I have retired to Queretaro, Mexico, because USA became too deadly and expensive. Stay blessed and safe always. It is nice to be nice.

[@Glrowe333]

I subscribed at 4:35. Protect this man at all cost!

[@NikkiElla622]

Thank you so much! I’m at a pretty broke place right now and have been doing my best to reframe my mindset and reprogram it. This confirms a lot!

[@latashaepps1060]

He described me to a T. I was a middle class thinker and TODAY forward I will operate as a Rich Person without fear.

[@DerrickDBurns]

Thank you so much for this valuable education. Schools will never teach this.

[@CoachDave204]

I love this explanation combined with the visuals. Lot of gold nuggets here. Seek Opportunity instead of a guarantee Create systems! Great stuff, thank you!!

[@lifeofsam1227]

You have an intriguing and fascinating way of teach this stuff. I was engaged the whole time. Keep going!

[@absolutleewigs]

This is so helpful and I look forward to share my story how I overcame poverty 🙏🏾

[@emmanuelnwanze5448]

Pls share

[@davidwangari9130]

Please share

[@oyelolaoyegbola]

Surely you will overcome 💪

[@texasRoofDoctor]

That was a beautiful description of money: "never spend your mama money but only her babies". Solid Gold. Thank you

[@bennyga77]

Absolutely amazing video, I been searching for a good mentor to teach me about money. Unfortunately I come from generations of people that have a poor mentality and they never taught me about money so I never been financially illiterate. Now at the age of 45 I’ve had enough and I need to learn and change my mind start to become financially free. I’ll be following you for a long time Dr. Myron

[@simoneanne01]

I'm with you. I've made a habit of watching at least one video a day and I've learned so much! I'm not the same person I was before I heard of Myron Golden. And I'm glad about that!

[@quintonarmstrong2116]

I like the fact that you weren’t judging people or putting people down for where they’re at financially as you just helped us to wake up and ask ourselves what are we really doing with our finances; whether your making money by working for a company or being an entrepreneur. We all need to make sure that every dollar that’s being made can be invested for a profit!!

[@MsTM-bt2tu]

Exactly!

[@shantegleese6972]

Amazing!!! Amazingly delivered...12 min could change your future. REALLY listen to what he is saying

[@TonettaClay]

Definitely made sense. I know where I stand and how to change that perspective. Thank you Mr. Golden

[@diegojwagner1847]

Hello pretty how are you doing?

[@datasanaschool]

I love the last part, when you see money you think of how to convert it into More money 💰

[@jdd2010]

I really appreciated how you broke this down. Thank You!

[@tarellehoskins688]

I am extremely grateful that I found you. Thank you for all of your help 🙏🏾

[@ElevatorBiker]

I just ran into your channel. What a blessing, thank you. Would love to translate some of your teachings and Biblical truths in Spanish for my church community. Blessings

[@gturp2]

Amazing Breakdown of the psychology of the poor, the middle class and the rich. 👍🏾👍🏾

[@mbuaesenju8514]

Makes sense. The breakthrough is to know how to invest!

[@LearningRest]

Great stuff! Thanks for putting this together.

[@jeremiah5379]

I’ve been studying these things since 2016, it’s amazing how trial and error works. I used to get so upset at the mistakes I made not realizing that there’s a process to changing the patterns in the subconscious mind and the environment you’re in contributes so much to how quickly this transformation happens. I’m learning to relax and persist in my pursuit of making OAS & SMS my Names

[@lisapryor9676]

Thank you for the simple breakdown. It bridged the gap for me to start understanding how to move from middle class to wealthy.

[@aroulentiroumalechetty5650]

Thank you sir… very well explained… there is passion in your videos which is rare nowadays… Stay blessed🙏🏿

[@lawon01]

11:18 !!! Life changing advice right there yo, the psychology of money is a very good book!

[@Zo_Be]

Awesome. Helps. Thank you. 1) Time greater than money 2) Opportunity greater than Guarantee 3) Look for opportunities to 2x, 5x, 10x... your money 4) Make systems to make, and invest money 5) Spend only baby money (interest accumulated), not mama money (principal capital)

[@itstheseanshow3550]

BY FAAAR The clearest presentation of the money quadrant. I am a subscriber. Thanks. Also thank you for clearing up the myth about time=money.

[@CM-gd2cc]

Wow, this just popped up on my feed, I wasn't even subscribed but it really spoke to me because I realize now, I have the psychology of a rich person but I've never been able to hone in on it. I taught myself how to trade stocks and options in 2020 during the pandemic and I've seen so much money in this short amount of time, BUT squandered it all away because I didnt have a plan for it. However, I did take away some life lessons in these loss/gains and that is, the simple fact I know this skill! Its something that I will have forever, and a great way to make my money work for me. Just that mindset alone has jump-started me, since 2020, Ive gone on to get a license in Esthetics and I'm currently enrolled to get my real estate license. I plan on leaving my 9-5 and opening my own esthetician suite and doing real estate while also day trading until I reach certain goals. I would like to also have a few means of passive income and was considering selling some items related to my esthetician business online, I just don't know how to go about getting the items made. If you have any suggestions or a series for how to do this, I would love to hear it?

[@PS-zf5cy]

Please is there any book you can recommend on day trading in stocks. I have been searching but found more on Forex trading whc is somewhat different from day trading stocks. I'm very interested. Looking forward to ur kind response. Thanks 🙏

[@CM-gd2cc]

@@PS-zf5cy Hi, I researched a lot of material. I didn't read a lot of books, I would watch a lot of KZbin content on daytrading, swing trading etc. For stock market fundamentals my favorite KZbinr was "Rayner Teo" he really goes deep into details and fundamentals. Once I had a decent understanding of charting and strategies, I began to research options trading with KZbinrs "ProjectFinance and Inthemoney". If there were terms I didn't understand or needed more info on, then I would research it and read up on it more until I understood. I put what I learned to the test by using my own money in the market, starting small to see how things worked, and then making bigger trades as I got better. Now I feel like I have a pretty good grip on things, but always remember you're constantly learning in the market. As long as you have the fundamentals down, and your mental focus and priorities in order you can go very far. I would suggest paper trading above all else, don't use your own money like I did. TD Ameritrade's Thinkorswim platform will allow you to trade stocks and options and develop your own strategy without losing an ounce of your own money. Even the best of the best traders still paper trade. Hope this helps :)

[@wowso4]

Best of luck to you start slow and begin to build up your business. How did you teach yourself trading any books or articles to read you would recommend any advice would greatly be appreciated.

[@wowso4]

@@PS-zf5cy there a lot of information on KZbin search what areas you want to learn and you will be surprised how much you find here in KZbin. You can learn any skill as long as your willing to learn.

[@CM-gd2cc]

@@gee6494 It's all about discipline. You have better odds of walking away with wealth trading vs. gambling in the casino. A well-disciplined trader will see tangible gains every day and know appropriate risk management.

[@justinnyawera8804]

Everytime I watch your content it confirms I'm not crazy. Thank you sir

[@llemons9812]

Wow that was an eye opener I've never heard the mentality of money in that way it makes sense and it explains why I struggle with money. Thank you for the insightful analogy.

[@sadistyk_1671]

Thank you Dr. That was a great clinic and very true. Concise and well laid out

[@DeuceTheAnomaly]

Yeah you just gained a new subscriber because I needed to hear this. I grew up on a dirt road in rural SC & money has always been something I thought you worked from Sun up to sun down for. When you hear “money don’t grow on trees” it creates the idea that it’s impossible to reach. It wasn’t until recently that I’ve realized that’s not how it works. I always thought anyone rich had a streak of luck that skipped me. I’m realizing a lot of it is self discipline and research. Thank you sir. I appreciate you, God Bless!

[@jamalkelly7063]

GAME CHANGER! 300 page book summed up in 12 minutes! ✊🏾

[@KrownBearer]

Solid video. It took a rather complex concept and made it simple to digest.

[@emperiummedia7753]

This info hits the nail on the head. Clear and precise

[@Kenny-Ross]

Great information! I love learning about the topic of money because we’re not taught this in school. Something that is so important to learn yet they teach us nonsense that does absolutely nothing for our back accounts. Financial literacy is a must in your self-education journey.

[@liudvikapuisaite5561]

Everytime you get money - look for ways to make it into more money. Brilliant👌🏻

[@marcusingram1681]

I have a new preceptive on life, always new time is valuable. I love how you incorporated the psychology thought in an easy understanding that people can remember on making money vs time. Good stuff looking forward to your other videos to gain knowledge and use my mindset differently.

[@DiarrMuse]

Golden Info, Thank you

[@helenhall-rivers4444]

OMG , I can't believe how simple a explanation that was , the right teacher is so important ! The Sleeper has Awakened ! I am so glad that I watched this video it is a game changer. Thank you !

[@MrArrjohns]

God wants us to be Rich. This ties into the parable of the sower. The master was upset when the servant buried his talent/money because he was afraid and rewarded the servent who multiplied his talent/money. And the master gave more to the one who multiplied what he was given. Thanks Mr Golden.

[@tbrown707]

Awesome video. KZbin is becoming the average Joe's Harvard Business School.

[@virgo2fly]

This channel is GOLD!!!

[@rsj005]

Amazing message. Thank you Sir 👏🏿