Stop Acting Rich. Build Wealth Instead.

[@TaeKimFinancialTortoise]

► Check out Shortform and get a free trial and 20% discount at www.shortform.com/taekim

[@pablosskates7067]

Every time someone asks me “why don’t you buy X”, I say to them “I’d rather be rich than look rich”

[@hillaryvasquez9651]

I don't know who needs to hear this saving for a better investment is a great step to financial freedom you are saving a day off work

[@hillaryvasquez9651]

Yes it's been helpful to my general income, I make about an extra 2k weekly from my investment portfolio

[@hillaryvasquez9651]

There's a lot of investing options real estate, stocks, crypto, ETFs but my best advice get a professional lead you into profitable one

[@albertcharles4415]

I definitely agree with you Vasquez you're right a financial consultant will be of so much help about investing

[@hillaryvasquez9651]

I recommend growwealthywithrachel because she's an excellent one and I've been working with her for a while.

[@bashirauwal5825]

Very informative KZbin comments these days are more informative than ever before I learn more from here thanks

[@TylerG7777]

Another great video Tae. Thank you. You’re preaching to the choir, but I still love to hear it. Keeps me motivated.

[@JY-ch8wg]

Thank you for all of the videos! As a first-generation American, navigating finance is a struggle but your videos have help me so much! Keep it up Tae!

[@naturesoundssoulrelaxation4697]

Thanks for rewiring me....i am.happy I found your channel. Keep up the good work

[@linuxnoob89]

Thank you Mr. Kim. Love the advice.

[@JRspeaking]

Increased desire without the satisfaction. Well said!

[@SideHustleSecrets2023]

Thank you Tae! Good information and I like the new editing style!

[@ParkDari]

Meditations by Marcus Aurelius is really wonderful. I have it on audiobook.

[@CaptainJeoy]

Contentment is great virtue. Thanks for the video.

[@Andrian-ch3on]

amidst lockdown, a blessing in disguise. At once, I consulted an advisor to stay afloat and with subsequent investments, I'm only 15% short of $1m as of today.

[@stevenbergwin5074]

This is huge! would love to grow my reserve regardless of the economy situation, my 401k has lost everything accrued since early 2019, at this point, i'm in need of guidance, can you point me?

[@Andrian-ch3on]

My adviser is "MIchelle Christine Parker". She has since provide entry and exit points on the securities I focus on. You can look her up online if you care for supervision.

[@veniceblackwood2931]

Thanks for info! curiously copied and pasted her full name on my browser, spotted her page easily, she actually looks very distinguished

[@Maher-ub6vu]

Great video. Living in Miami we have this need to "Look rich" more like "Fake Rich" Is next level. Hope this reaches some of my fellow South Floridians, and hope it impacts their way of thinking so we can reach our full potential as a community!

[@compounder3850]

Is it for the tropical weather or what could be the reason for it?

[@Maher-ub6vu]

@@compounder3850 it's always been a cultural thing here, and add on to that it's a destination place to live, so people move here and want to "Keep up with the Joneses" And spend above their means, if you are in sales which I was for over 20 years you like it, because people are always buying, but as someone that is now very focused on financial literacy and the value of investing wisely I see it even more than I always have. I hope that helps!

[@slchance8839]

@@compounder3850 i think it's the high density of pretty young women from Central America and South America. These YOUNG women are easy to impress with flashy cars, clothes, and jewelry. Therefore, to compete for these women, the men --- ALL the men --- have to have to flash to get the girl. This affects NORMAL men and women b/c the normal guys look around and think they are behind. The normal women look around, and feel left out, socially, and want to be part of "the scene" of hot cars, table service and yacht parties. The key, i think, is the young AGE. These young girls (1)learn to manipulate AVERAGE men while simultaneously (2)get manipulated by ABOVE-average men. This SINGLE demographic negatively affects the rest of the "normal" people around them who will fake rich to be part of the scene. .

[@jeffreyscales2784]

You have provided some truly valuable content in your videos!

[@CageFreeLowFatSugarFreeRange]

Keep making these videos brotha and keep growing and learnning. You ARE that author for me.

[@jenniferedmonds7069]

Thanks, Tae. Volleyball, awesome! Would you consider giving us some advice on how to resist subsidizing our adult children's lifestyle? I'm seeing this more and more with our "close-to-retirement" friends. Just as people like to impress with expensive cars and holidays, they are helping to make their kids appear more successful. 😒

[@yippie6862]

Wise words.

[@vbml]

What’s your view on physical assets like having gold and silver bars. Is this worth it and do you just hold them or eventually plan to sell them?

[@michaelgardner5687]

Great video. Always learn something after watching what you post

[@johnmcquaid7524]

Enjoying the channel!

[@carrietyler9496]

I think social circles matter. Recommendations for an online or meetup of people interested in building financial security who aren’t already wealthy?

[@MeltingRubberZ28]

Interesting idea. I feel like this channel already is one though

[@victoriaman117]

The greatest irony i found in life is the most precious things are free. Your life, your health, your wife and children, they cost nothing but are irreplaceable

[@MeltingRubberZ28]

Wife and kids are free?

[@Mactakun]

@@MeltingRubberZ28 yeah this guy doesn’t know what he’s talking about. I had to pay $10k for my wife.

[@barose1]

Healthcare isn't free. Being healthy costs less money in the long run, but one can't always control having a chronic illness.

[@BrettANordsiek]

I wonder if people that experienced the 2008 crash had it easier because. my portfolio has lost over $27000 and I don't see my retirement turning out well when I can't even grow my stagnant reserve

[@Tonyham198]

You have an opportunity to rebalance thanks to volatility. In order to help you diversify your portfolio, you must hire a financial counselor or broker.ur portfolio, you must hire a financial counselor or broker.

[@andersonedward787]

I agree, having a brokerage advisor for inveesting is genius! Not long ago amidst the pandemic crash in March 2020, I was really having investing nightmare prior touching base with a advisor. In a nutshell, i've accrued over $550k with the help of my advisor from an initial $120k investment thus far.

[@brianwhitehawker1756]

that's impressive!, I could really use the expertise of this advisors , my portfolio has been down bad....who’s the person guiding you.

[@andersonedward787]

My advisor is .LEILA SIMOES PINTO. You can easily look her up, she has years of financial market experience.

[@lucaswilliams9992]

I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.

[@senaywayne]

Spot on , however , what if you're job is looking rich so that you can close more business ?, etc

[@dustindodge5974]

2nd string bench warmer, you crack me up lol

[@saviourjc]

Another outstanding video - lets not try to "be seen of men"

[@williamreeder3660]

Thank you sooooo much

[@spicemasterii6775]

I upgraded my diet. I subscribed to your channel 😊

[@charletfoster8917]

Self-reflection helps me stay focused on my goals💯💯💯👍🏿

[@jamessilvester4622]

Work hard play hard give save and spend the money Can’t do anything else with it

[@shengclarke2423]

My favorite you tube content creator 🎉thank you 😊

[@blackchickadee1]

Love these videos Tae, focusing on mindset, changing how you think can influence the entire course of your life. No longer are you fixed in comparing your lifestyle with others but building your own wealth and internal fulfillment at the same time.

[@cisium1184]

To some degree one can still act rich while building wealth, for example by talking in a posh voice and naming your dog Jeeves. "Jeeves, could you fetch me a Carling Black Label?"

[@saigudbai]

Alot of wisdom here.

[@mikep9596]

“The rich stay rich by living like they are poor. The poor stay poor by living like they are rich.”

[@daveharr7969]

Wise information

[@PenniP]

Another great video! Thank you.

[@lonelinessholder]

Glad to find this channel. I have the similar mindset and is optimistic about reaching F.I in next 10yrs to have more control of my time being spent. Thanks for the great content, I’m watching every episode from new to old 😊

[@justinhouston6166]

Doing this right now. Working OT like a mad man and buying BTC and some CD's.

[@OreoSponge]

Ok got it not the 7 series BMW, but what about the 4 series?

[@MeltingRubberZ28]

More like used Prius

[@jeannettedrown7687]

I'm a new subscriber. I enjoy your content. What do you think of selling covered calls?

[@marrlo121]

What user-friendly/low cost platform do you recommend using to buy ETFs for long term investing?

[@tencountstories3471]

M1

[@peterl2767]

Great info 👍 👌

[@lukas______]

Hey Tae. What do you think of Guideline simplified 401K offerings? I'm 26 and make 85k. My last two employers have offered it and I've been putting 10-20% into Roth 401k and/or HSA (if the insurance was HDHP) with 85%+ stocks and 10-15% bonds. Thoughts?

[@theofficialpeterkim]

Rich dad rule number one. Rich don’t work for money, they buy assets. Our focus is to keep investing into businesses that produce cash flow to fund our liabilities and expenses.

[@clohanmom]

So very true...

[@hanlin3923]

Wonderful video

[@pozytywniezakrecony151]

I think you can have discipline and meet variety of people not caring for what they expect everone should be like or buy. Unless you spend a lot of time with them..

[@rssmith289]

Another fantastic and well made video! I really enjoy the subtle humor you have, as well. We also live in Orange County. I have a "friend" who I am trying to distance myself from. She will only eat at independent restaurants and scoffs at the Cheesecake Factory. She only wants to look and act rich. It so exhausting! We are on different planes and it is so phony.

[@InfinityDz]

I just subbed. I wonder if you'd say you could become very rich while working at a low income job. I don't have debt, lead a very boring life, we have 1 kid, work from home part-time, and have somewhat of an emergency fund and have put some money in a savings account for our sons studies (not invested it yet). (People other than Tae, please feel free to comment).

[@bbb_888]

Why not do both? Act rich AND build wealth!!

[@Quanic2000]

You're the older brother I wished I had 😂

[@phil_8367]

I act rich bc I am rich, but I’m rich bc I pay myself first.

[@alenben8930]

i like it 💪

[@jimv77]

Who else lives a Stealth Wealth life???

[@JuancoPRoFlow]

I have an eye for talent and let me tell you my friend, your son has it. Get him in a good academy, good luck. 👍

[@robertthurmond8161]

I have challenged myself to put away 50% of my monthly income into stock options which is quite easy since I live frugal without debt. I work as an account executive, and make over $20k. $10k goes into dividends, and the other $10k covers my my food plus living expenses. I am seeing improvements in my portfolio, dividends look certain, but I have to attribute this to only to guidance of a licensed fund manager Emily Lois Parker who allocates funds to a plethora of assets. I have to stay disciplined, and remember that I’m in it for the long term. Good luck to everyone and thanks for the great video.

[@gagnecaron658]

Consistently investing in quality dividend paying companies over the long term is a relatively easy strategy to create generational wealth.

[@ericwilde4583]

out of curiosity I did read about Emily Lois Parker on the web, she has a great resume.

[@Lorre386]

i'm happy there are lots of people doing so well...Love this channel for the transparency

[@JosephineGaule]

Found her webpage by looking up her name online. She seems very proficient, I'll be writing a mail to her shortly

[@KulkarniNiranjan1]

lol...diss on Stranger Things was funny.

[@nickb839]

Chinese master race checking in. Rise up chinese man. Asian man stand up.

[@nickb839]

My wife is a Black.

[@M.Morgan]

Most Americans like me find it hard to be convinced to work with advisors. Some persons have no financial market knowledge. Now my questions are, is trusting an individual to handle your finances being responsible or ignorant? is this advisable to oversee a $430k portfolio allocation?

[@1792dt]

Kiyosaki’s middle name is Debt lol

[@everythingelse8]

❤

[@zlaw1080]

I like the idea of your channel but I feel like you really just recycle content over and over. I mean this as constructive criticism. Keep up the good work

[@stevenloube6784]

Your premise that Michael Jackson and Nic Cage were “worse off than most of us” is patently false. First off, they were living an incredible lifestyle. Now I know what you’re saying, that’s the whole point of your video is the lifestyle you’re living isn’t a good idea long term. but living the lifestyles that they were living and having the experiences that they were having that none of us will ever have has incredible value. It may not have long-term value, but it has incredible value. Second, while they were both in debt, they never had to give up a Lifestyle Either of them that was greater than almost 99.9% of the people on earth. So, while paying off their debts, at least in the example of Cage as Jackson died, they are still able to maintain a better lifestyle than all of us. Finally, they have the ability to not only pay their debts, but create long-term wealth almost overnight. Sure Cage had to do a few movies and maybe he wouldn’t have done otherwise, but so what? It’s not like he was tortured doing those movies, and he’s back to being super long term wealthy today. Again, he was able to do so while maintaining his wealthy globetrotting lifestyle. So no, we are not “better off” than either of those super wealthy individuals.

[@tanisemmello]

❤

[@charlesolinger9735]

the lambo parked outside the hot yoga place will get the ladies. Buying the cheapest toilet paper wont.

[@hazyy47]

It will get you the attention of the women who you DON'T want in your life. They will suck your bank account dry if you let them! Try to make meaningful relationships with people instead of trying to flaunt your wealth for attention.

[@MeltingRubberZ28]

Not the ones anyone wants 5 years later 😂

[@M.Morgan]

Most Americans like me find it hard to be convinced to work with advisors. Some persons have no financial market knowledge. Now my questions are, is trusting an individual to handle your finances being responsible or ignorant? is this advisable to oversee a $430k portfolio allocation?

[@iam_maryanne]

@@carl.rankovic True, proper asset allocation is critical. Furthermore, some folk employ hedging strategies or devote a portion of their portfolio to defensive assets that perform well during market downturns. How else is this achievable except through expert guidance? So far, that’s how I’ve stayed afloat over 5 years now, amassing nearly $1m in return on investments.

[@Johnny-se8hk]

@@iam_maryanne once you hit a big milestone, the next comes easier.. would you mind dropping info of your invt-advisor please? i'm in dire need of proper asset allocation in order to achieve an optimal portfolio till year end, thanks in advance ..

[@iam_maryanne]

@Johnny-se8hk > My investment advisor is Julie Anne Hippe, she's verifiable and I'm very sure you can find info about her on the internet, her qualifications speak for itself.

[@Johnny-se8hk]

@@iam_maryanne ​Thanks for this. could easily spot her website just after inputting her full name on my browser. she replied my inquiry and we scheduled a call for tomorrow.