Naval Ravikant - Money Habits Keeping You Poor [w/ Charlie Munger, Mohnish Pabrai]

[@alphabeta8403]

4:21 Pick an aspirational hourly rate 5:29 There are no get rich quick schemes 8:30 If you want to become a philosopher king, first become a king, then become a philosopher 8:45 *Compound interest is the 8th wonder of the world* 11:20 How to lose time and money

[@Stellamiron1]

Managing money is different from accumulating wealth, and the lack of investment education in schools may explain why people struggle to maintain their financial gains.

[@RickyMansard]

Investors should exercise caution with their exposure when considering new investments, particularly during periods of inflation. It is advisable to seek guidance from a professional or trusted advisor in order to navigate this recession and achieve potential high yields.

[@demetriussullivan4088]

Amazing. It gets quite difficult to handle all of this, and staying informed is a major cause. How do you go about this, are you a pro investor?

[@RickyMansard]

Through closely monitoring the performance of my portfolio, I have witnessed a remarkable growth of my finances in the past two quarters.

[@RickyMansard]

I have been in touch with a Financial advisor. With a startup of $ 100 k, my advisor chooses the entry command of my portfolio which has grown to approximately $ 450 k in some weeks.

[@HHACKLAND]

I’m intrigued by your progress. Could you share some insights into your investment strategy or perhaps recommend any specific resources or mentors that have led to your success.

[@PickingNuggets]

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[@thibaultdeheurles4561]

Thanks for your work this year 🎉❤

[@PickingNuggets]

my pleasure!

[@Muller_Andr]

new trader here, love these vids this stuff is above my head. but after learning for two years starting to understand what your doing, would love to trade like this in my IRA I'll get there one day.

[@simone_maya]

When stock picking, best to have a mentor who has a feel for sentiment and positioning of both institutional and individual investors. People like Munger and Buffet have good principles.

[@AnkurYo]

Right, my question then is where should I allocate more of my contribution from my paycheck to in my, Tbills and Bonds or stocks since the S & P has been a rollercoaster YTD?

[@xavier_lucas]

It is always good to have a bal-financial plan while seeking out alternatives as well. I work with a floor trader, professional planner and fixed-income strategist in NY, Monica. The fixed income portion of your portfolio won’t simply serve as a buffer to the volatility of the equity portion of your portfolio, but will provide legitimate income.

[@Muller_Andr]

How has that worked out for you so far?

[@xavier_lucas]

Under Monica Mary Strigle, I've gained up during these market shifts.

[@mangao4334]

Im hooked, thank you.

[@TharunsJournal]

I enjoy watching your KZbin channel the most

[@PickingNuggets]

Really appreciate that!

[@coder_rc]

Thankyou julio for doing all this❤

[@PickingNuggets]

welcome my friend! Thanks for watching :)

[@myexperimentalmind]

Thanks for another upload!!! Hope you keep them coming!

[@PickingNuggets]

More to come!

[@ryanpena1115]

Awesome content, love all your videos

[@PickingNuggets]

Glad you like them!

[@HIGHCLASSBOSS]

Love this channel

[@PickingNuggets]

Thank you :)

[@ekeminios]

Great insights! Thanks for sharing.

[@PickingNuggets]

Thanks for watching :)

[@JakeRichardsong]

Mozart's cause of death was not any character issues, it was: post-streptococcal Schönlein-Henoch syndrome which caused chronic glomerular nephritis and chronic renal failure. He was also prone to illness since childhood. Again, not his fault.

[@jeremyfinger843]

And was miserable for what Charlie said

[@1001Balance]

It doesn’t matter to these ‘inspirational’ dudes. Never waste a possible good story 😂😂😂

[@bec_Divyansh]

Great advice for handling money this year!

[@PickingNuggets]

Glad it was helpful!

[@Blubbha]

So it's like this: push yourself as much as possible before you start a family to increase your income or build income streams. Then start to invest. Build up more income streams which is the hardest for sure. But reach a level where you can live from 50 to 75% and ignore the rest. Once you start pay yourself first it's easier to invest and build long-term wealth. Don't do it the other way around.

[@silverchairsg]

Just don't start a family period. Or better still, don't get a girl/boyfriend. Attain financial freedom first before you have kids.

[@Blubbha]

@@silverchairsg interesting View. Do you think this works with the limitation of the timespan you have available to start a family and have / find a partner?

[@sp123]

​@@Blubbhait doesn't, that is why birth rates are declining in developed countries. If both parents are high earners, raising 1-2 kids is possible, you just need a parent to stay home until they kids can go to school

[@Ethannesss]

"burning neurons", that's a good one!!!

[@bakmaharangana]

Thank you

[@PickingNuggets]

Welcome!!

[@DModernMonk]

Which tool are you using ?

[@PickingNuggets]

Canva, FCP

[@MTtroutfisher406]

Correction: MMM didn’t have a goal to retire early, it just kinda happened as he’d built up enough resources to be self-supporting and could then leave traditional work.

[@dsinghr]

There is nothing worse than having money in bank account and not splurging it. Frugality is worst than torture

[@onfeetnation]

To whom?

[@JaMarrJ]

Great video brother definitely getting a sub from me - Happy New Year! 🎈 🎉

[@PickingNuggets]

happy new year !! 💥

[@patrickmack7]

Mr Money Moustache does... not live in the sticks in Colorodo...he has purchased a new car, he's gotten divorced, and earns more $ than 90% of US housholds, even in 2023, ignoring investment income.

[@martinrea8548]

I wouldn't like a wife with a mustache, no matter how good she was with money.

[@PickingNuggets]

i agree

[@jali1157]

You selling too! 😂🤣😂🤣

[@Jay-ut9ov]

An update: MMM is now divorced. Life isn't always pretty

[@PickingNuggets]

damnn

[@DrFractal123]

Naval has run out of material five years ago - now just full time grifting! Angellist 😮