The 3 Most Important Rules of Investing

[@edwardjsimon]

Tai Lopze I was never the reader type always had trouble with it ...But ever since I been following you my life have changed. In the past two months I bought over $300 of books and reading every chance I get. I never felt so powerful in my life with knowledge. I have been making less and less wrong decision in my life. There's no turning back to my old lifestyle. The value on knowledge is priceless and the more you know the more you make. I want to thank you again for changing my life.

[@taylorsmith2446]

***** Hey I have done most of what all of these books and other videos similar to this tell me to do but I can't overcome one giant problem were are the investors I have googled around can't find anyone is there some secret website that has like a list of investors or something or do you have any recommendations on some investors I can go to or maybe you would like to invest if you know anyone please tell me it would be much help

[@Johnwealth92]

+Taylor Smith have you tried crowd funding there are some companies that invest in start up businesses through crowd funding check it out!

[@estherancrum6642]

+Tai Lopez hey Tai it's Esther I'm going to invest in mutual funds and I will like to know what books would you recommend me to read.

[@omarmartinez2338]

+Tai Lopez hey tai I am 17 year old and Want to start investing and I really need your help

[@Nescnobody]

love it

[@banebaki97]

Price of this video is next to nothing, but the value..Oh dude

[@FarChu215]

Ya, 0 value. Get a CFA.

[@manuelgalindo2285]

Agree 🔥

[@marcelosoto3393]

Dr. Hulk Pixel the price is like putting a hulk picture in your profile and value is like the strength of hulk idk if that makes sense just felt like I had to say that lol

[@fernandocambeloable]

Surely a more valuable investment is a library membership

[@stararthurlee]

I like how he surrounded himself with books

[@watcherxd]

+Taco Wizard 2.0 Advanced well the room was too small for a couple of Lamborghinis so that was out of the question

[@xxpartybangersxx]

+Taco Wizard 2.0 Advanced knowlegde

[@quo]

Tai Lopez you have helped me with my depression, you have honestly mad my life so much better just by watching a few of your videos, I don't really have friends but you on my screen is the best friend I would ever have.

[@brianurban8835]

Hey Tai. Awesome video. I found you actually on an ad on a youtube video I was watching, this was about a week ago and I have to say since then I've watched many of you're videos, visited your website and became a member of your book club. I appreciate what you do and the content you put out there when you could be easily charging for all of it. I will soon be joining your 67 steps, just putting away some money so I can assure that I can make it a monthly investment in myself. It's amazing how much reading I have been doing lately since watching your videos, also just bought Civilization and its Discontents along with 7 habits of highly successful people. This is the first comment I've left but it struck a chord with me when you discuss interacting and what both you and all of us get from it. I have to admit that looking back most of what I've spent money on is the inverse of what you talk about and I haven't been getting the ROI I deserve, but that is changing now. As for topics... if you haven't covered already the price vs value discussion from within a business and portraying that to clients I would definitely be interested in that. I have a business in insurance and recently got into a VOIP company doing sales along with other ventures I keep as "side businesses" but it's always great to learn about portraying value to a client because obviously like you say most are stuck on price. Thanks again for all you do and I look forward to commenting more as well as investing more in myself through some of your programs. Warm regards...

[@mpsjoe]

***** funny I seen the same ad, one of the few I watched. I'm learning the how to invest now, for some reason I came back to your page. I will be getting that book now as well. Thanks knowledge is power!

[@LearningREADefined]

+Brian Urban if you guys scroll over that Tai Lopez's name, you'd see that he's not the real one (8 subscribers). But I'm sure the real Tai would be appreciative too ;)

[@13givan]

"You must flee and run away from anything when price is above value"

[@enoviaicra2166]

I spent only around two hours watching your videos, taking careful notes, and reading your website and it already feels like I got 5 hours worth!

[@MoveoImago]

Read the book Rich Dad Poor Dad instead.

[@enoviaicra2166]

I'll check it out

[@jbsmith3481]

Never heard such a brilliant person talk about money the way you do...thanks for sharing your wisdom with the world.

[@nickprice6760]

Greatest Investment of All- time that Tai Lopez did not tell you about... Dont waste your money buying books, Never buy books, check them out for 'Free' at your local public library ;)

[@tciappa52]

nick price what books do you think they have there?

[@RobertWall0307195008041993]

I what to invest in nine stock . How do I do it?

[@RobertWall0307195008041993]

I didn't say what was typed my question is do you know how or where I should invest in the stock (nnbr) the company that holds most of the patients of nanocrytaltechnoligy.

[@ZohirHamid]

Books Of History :/

[@MrFuckmeimsingle]

nick price h

[@joker38319]

There's nothing more awesome than a man knowledgeable in investment and at the same time HUMBLE!

[@billyjoseph3259]

The difference between price and value for me has been my University degree, studying a Bachelor of Business (Australia's equivalent of an MBA). With 6 months left I'm seeing little tangible value but I've started looking for other ways to derive value now (my student fees should total roughly $25,000AUS) I've got some more wisdom in my head. I've focused on building a network among the young future professionals I'm studying (although, some of them will probably end up flipping burgers based on their work ethic), using the resources of the University for more then just assignments (so many good books in the library) and getting some personal, unofficial coaching from some of the better teaching staff (some are plagued by the "Ivory Tower" mentality" but others have worked quite successfully on their own businesses in the past and seem happy to share their stories).

[@trumanshow4863]

Billy, are you confident in your ability to make good money with your business degree?

[@billyjoseph3259]

Having supported myself throughout Uni I'm confident I can make money without the degree; however I believe I can make more in the long term with the degree. I assume by "good" money you mean any income which gives me the lifestyle options I want, which would be roughly $95,000 a year minimum for me. I believe the degree will ultimately assist me in life by the way it will effect certain people's judgement of me. For better or worse, I'm living in a society which places a lot of value/importance on University education and it can "open doors" if you happen to have one. Overall I see the degree as being only a small part in any good plan one could have to become wealthy.

[@michaeldelawesome]

Billy Joseph Billy, if you have an interest outside of business, it'd be a great idea to couple your degree with another degree reflecting this interest, for example engineering or data, preferably in a stem field. This would make you much more versatile and offer a return of more than two-fold compared to building a career with a business degree alone. In simpler terms, I think this will put you in an escalator instead of making you climb the ladder.

[@BeingOfLight1111]

Billy Joseph Don't be blinded by money. Education is a tool that you use to serve others.Whether you are flipping burgers or starting your own business, you are doing the same thing, serving others, that is the definition of a business, to provide a good or a service. :) I feel college has become so money driven we loose sight of the reason we go in the first place. The drive to serve has to be there.

[@sarah_ferguson]

I've borrowed all my books from the local library for free. Talk about 10 fold!

[@KotooshuKraken]

Examples of when I had paid more for price than the value is: food that had worsen my health, school, including the time spent there, the backpacks ruining my back, the "books"and notebooks from which I did not learn enough, random accessories and souvenirs, a skateboard which required more repair than the price, my computer (yet, but it can bring much more than it was worth), part of my clothes which I don't wear that often.

[@slimshady5757]

Tai is the best kind of businessman, if you consider him one. He spreads knowledge and values and encourages success. He makes money by offering advice and a product that has the potential to help you and others. No cheesy "for only $19.95" here. You easily grasp the importance of reading from just his free videos alone.

[@gamingprince1243]

My Teacher just a month ago asked me and my class to make a essay on a person who is my hero and has motivated me to do great things. Easy, on February 23, I gave her a 300 word essay, explaining one man, Tai Lopez. Thank You Tai, you inspired me to turn my face to Business/Investing/Entrepreneur. Even though you may not see this, but if you do, you are My Biggest hero and motivator. Thank You For Changing My Life!:)

[@gamingprince1243]

oh wait I wrote it wrong, it was April 23rd, sorry!

[@Sinneric]

The REAL 3 most important rules of investing: 1. Do it 2. With someone else's 3. Money

[@maxpainmedia]

🤔 how

[@Topkiller556]

Tai makes a video. Price: 30 minutes of his time Value: 100k+ views=(monetary value) Win-win for everyone involved.

[@FarChu215]

Except the people following this advice, it's so bad. Get a CFA.

[@JupiMeow]

There is definitely more than 30 minutes put into this video... Don't forget set-up, doing multiple takes, and editing!

[@MikeBarron1]

The key points is definitely something we should keep in mind in investing to something. We should understand first if what we want to pursue is something investable. So much value Tai! Thanks brotha 🚀

[@gepisar]

Felix Dennis said "If it flies, float or fornicates, rent it" - perhaps not PC, but the sentiment it there. Luxury items have an "in built" gratuity. The way i think about it is that commerce is designed to create value, to increase "res" if you like. Indulging in marshaling resources to build a Ferrari (when a ford does the same function) is really a "waste" of resources. Just like digging up "worthless" stones of carbon. Its a huge undertaking for little actual VALUE. Hence, there is a 'waste-tax' built it. The gratuity for someone to go to such an extreme and build lambos and diamonds is the price. Which far exceeds value. Hence, these are liabilities, not assets! ("Rich Dad", says so!) NPV=-Investment + SUM ( (Cash Flow)/(1+return%)^years) Hollywood finance is fascinating and from what i gather makes extensive use of offshore tax-free havens to scoop up government grants in foreign countries, and with pre-sale distribution rights and "fist - dollar" contracts, profit is almost locked in before the scene is shot. Someone else once told me "invest in HIGH margin business because you will screw up". Which means stay away from retail where margins can be as low as 1%. "You're not that good kid!" Online software sales then, high margin, but there needs to be a market. As for real estate, "THEY" say, profit is made at purchase, not sale time. (i.e. lock in a low price over higher future value) Spotting under-valued stocks is course all on it own! Remember though, what is finance all about: the movement of money from surplus (savers) to deficit (borrower) units. That is to say, the borrowers have a better notion on how to create value with the savers money, over and above the interest they pay, OR the lender wouldn't lend and the borrower wouldn't borrow. Finance 101. As for what kind of videos id like to see, the nitty gritty of what all this looks like. I think in your recent videos you mentioned that you've recorded videos in the board room. Obviously they are sensitive. But, this is great stuff!

[@tailopez]

Yes some truth to what you wrote. But too many absolutes.

[@gepisar]

+Tai Lopez I appreciate the feedback. Im learning! I guess the story goes deeper: for example, a judgement can be made (if such a thing is possible without be absolute) about how Ferrari or DeBeers spends its revenue. Tax goes in to the system (sometimes) and say, in the case of luxury items, "happiness" (or hope) is sold. And then, what do people do when they're happy. I guess they make life better for everyone. So, really its a big mix of feedback loops with emergent phenomenon. (Complexity Paradox, Kenneth Mossman) You are "right" though. There is no "right" or "wrong" (good/evil) and the discussion of which is interesting for business ethics. This notion of letting go of absolutes came through in your video, starting with the comments about you eating during filming. That stuck with me. I'll be less absolute! Its a tough one to let go. We all want to be graded according to some "absolute" benchmark, i guess? (Just reading "Work Rules" - make decisions with data, but in the absence of your data, ill go with my opinion! That made me laugh! Only because i now realize how opinionated i am!) With complex systems though, there are no absolutes; only probabilities. Just like weather forecasting [probability] (as opposed to 'prediction'-> absolute) Stoicism? There is little control on what actually "is", but only how we react to it? The three feet rule....

[@desisb]

gepisar

[@StanfordToranIV]

Hello Mr. Lopez My name is Stanford I am a big fan I am 24 years old who came from a family who were financially uneducated and I do not blame them because initially nobody taught them how to save or invest money and because of that I learned to watch your videos and articles and I must say everyday my mine changes! Your a powerful person keep learning to influence lives !

[@davieswillwd]

Tai you've changed my life, from the first video I watched. I never used to read much but now I read a book every 2 weeks. I can only manage that because I have school and other curriculum because I'm only fourteen. Recently I've just finished 'Richard Branson Screw it Lets Do it' and its taught me new things. I used to be good at consuming knowledge for my age and now I'm ever better, I'm excelling even further past everyone in school! I just want to say thank you for your KZbin videos because otherwise I wouldn't know half as much. I think of you as a distant mentor that's helped me a lot and it's going to keep doing that! Thank you! William Davies From Wales

[@Boxxxxxxxxx]

Will Davies What books would you recommend for a complete beginner on investing?

[@thatevilchicken]

Beth S you probably shouldn't be asking a fourteen year old that question

[@TuningFreak23]

Beth S learn how the financial system works first.

[@davieswillwd]

+Beth S Warren Buffett's books are really good!

[@Boxxxxxxxxx]

thatevilchicken I asked for his recommendation, not your input.

[@josephshillabeer]

have to admit, this guyd ads always annoyed me. Gave him a chance, now i'm hooked. I don't care who he is really, but what he says is just gold!

[@MilkManCaravan]

Imma be honest I was one of those people who thought tai was a scam and while I'm not paying for VIP access I take it back the man's got good advice

[@snehdencardoso1755]

1)What is investing in stocks 2)can a cruise ship waiter be a millionaire by investing in stocks in his 20's 3)if yes how because soon I'll start working on cruise

[@orenikirk]

I really enjoy listening to your material. I am in school right now studying to be a mechanical engineer and see the value and opportunities this degree has created. Being a college student I don't have much disposable income but I have begun reading more a focus on setting goals to accomplish daily. I appreciate what you do. That's for being a positive influence.

[@diamondgrace5528]

Im surprised to see you dont have as many subscribers as i imagined, many many more people should be watching you :) it makes me happy i found this- because i saw your Ted Talks

[@SilvanRauba]

Dear Tai, thank you for giving so much free value to the world. What you say is both inspiring and motivating. Question 1 - What video would I like you to do next: Have you considered making a video investing in improving your internal emotional landscape? What would be the value of permanently overcoming the fear of public speaking, procrastination, fear of failure, feelings of stress, lack of focus etc. What if you could extract that negativity and get rid of it forever and in place have full access to your positive emotional resources? How valuable would that be? Question 2 - Smoking is negative value. I am going to avoid that by overcoming the smoking habit. Allan Carr has a great book on that that I am going to revisit.

[@cars2298]

Tai, I'm new to your videos. I was always searching of a way to develop my finances. I also used to hate reading, so much so I didn't read a book for the better part of 10 years. Since I've watched your videos, your advice has opened up a whole new world to me. I truly understand the value of books and learning in general, and for that I thank you, Tai. Keep making the great videos.

[@truthisontheinternetyoutub938]

Value is not just in the money that we pay for it, e.g. I bought an acoustic guitar that was Red (the top) and had a hard time selling it, quickly realized that if you're going to buy an instrument that's not built by a famous Luthier, make sure that it has a natural color so that that it's easier to sell. Or I bought an inexpensive house right next to restaurant, which was the biggest mistake of all time, which again, came to the same truth; don't buy/invest in something that you can't sell later or at least get your money's worth...that's where the Knowledge thing comes in. When you don't do your homework for whatever reason, you pay the consequences. Thus using others' experiences is much cheaper!

[@johnpedraza629]

1.Tai , a subject i would like you to discuss would be investing and how to communicate effectively. 2. One time i paid more than the value i received was buying a ps4 and paying for fortnite skins. The way I am going to avoid that in the future is to focus more on the value rather than the price. To also practice delayed gratification and focus more on building habits that will help me become more successful and to double down on my brain. To also seek for mentos, golden nuggets of knowledge and to better improve communication.

[@jonnyp6612]

Information in each video by the man is flawless, keep it coming. You are doing more than you know for those who take note.

[@unclemikmusic]

I will literally speak my mind -' I CANT BELIEVE IT'. In my SWOT analysis in the weaknesses section i have time keeping and procrastinating issues. So what do I do....scroll up the page, look to my right and voila, you actually have a video about this. My days. Tai I must say 'you the man.' Thanks so much. peace out.

[@TheBenjaminHero]

1. Letting go of the things that have helped you in the past in order to gain the skills that will help you in the future. 2. I bought quite a lot of personal development courses/products and they ended up just sitting there. Now I learned to restrain myself and truly ask myself whether I will actually use this information.

[@sampriddy8005]

I paid more for price than for value when I originally got into real estate investing. I bought 2 houses from a guy who was fleecing me. I did not do my own due diligence and found myself holding property that was not worth the amount of money I owed on it. Plus, I trusted this guy so I put his property manager in charge of management on my properties and found that I was getting charged for repairs that never happened....again, my own due diligence was the real problem for me. I allowed myself to be taken advantage of. Luckily, I got out and ended up filing bankruptcy and all that is cleared up now. But, I'm about to get into real estate again (maybe) and I can tell you this for sure, I am being HIGHLY cautious. I'm not sure if it's a good thing or not because I have probably passed on good deals but I'd rather gather tons of knowledge and funding first.

[@MoveoImago]

Knowledge reduces risk. I'm glad to hear you're not stopping.

[@13984980]

As a 20 year old currently in Community College and not having a clue in what to major in, I feel as if this really is for me. Not sure if anyone here is in to the whole Astrology stuff where your personality is defined by the month you were born in but I'm a Capricorn and Capricorns are wanting to get to the top and are workaholics. I'm just confused on how the world works t the moment and how stocks work but I believe through this Knowledge I'll be able to actually start something with my life. Thanks a lot Tai Lopez for the knowledge you have shared with all of us. I'm going to find that book as soon as possible!

[@13984980]

Thanks for the Recommendation. Honestly speaking I'm not enjoying life to the fullest despite me being young but perhaps you're right. I'm open minded for sure and life is about change and becoming a better/happier person which is what everybody should aim for throughout life. I will take your consideration and look into those books. Thanks again Brother and I wish you the best as well on your journey towards happiness/success.

[@quo]

Stop being stupid just because you have a certain horoscope doesn't mean you have certain skills that other people don't because they are not your sign, my dad is a Capricorn and he's the poorest man I know, which is a shame.

[@networkedu]

Rich dad's guide to investing is the best book of investing I ever read. I still read it every day. amazing

[@Invinciblebass432]

My he analogy of food and the value price distinction is super powerful! My friend thinks he's saving money by eating junk when in fact it's costing an unfathomable amount of damage health and monetary wise. #healthiswealth

[@suvi0075]

Tai is a man with great experience and he has used his time wisely. VALUE=USEFUL TIME. Does'nt always have to be entertainment.

[@ianragsdale3863]

I'm 15 and in 11 grade and I just want to say that Tai..........you have made a lot of things clear to me and I hope that I can get fuel units just like you so I can live my dream of going around the world playing the piano for everyone so I can change lives. So thank you!

[@Chenrandyliu]

Tai, may I ask why are you making these videos sharing your knowledge? What is the value in making these videos? or by helping us? Just out of curiosity.

[@matheusbarros481]

Evolution

[@aijar4983]

He gives something back.

[@MrStickdog]

join the service

[@DoctorrMetal]

Oliver V We got a winner

[@Sfitz34]

Money! Did you miss the soft pitch at the beggining of the video?

[@BiaaaachTV]

Well the value of this video definitely was above its price!

[@Yoouunggnugggah]

So much VALUE! I'm sure Tai will blow up on youtube in a couple years or less. I was pretty skeptical too because people talk a lot of sh#t about him on forums and youtube comments but those people are all haters. Make ur own judgment about Tai... what I know is he gives VALUE and for that he earned my subscription. Tai is doing a great job and he has helped me a lot with his videos. Thanks for sharing Tai and keep doing what you do!

[@willquigley443]

Tai, when i first saw your ad i thought you were a scammer but then i started watching your videos and realized that your a very intelligent man. I am just about to start investing and will definitely use your rules.

[@jojon96]

I've learnt a lifetime lesson in 25 minutes. Thank You @Tai Lopez

[@InPursuitofProgressPod]

I love that you give free advice on the books and movies we should read, but what abut seminars? Which seminars or how do we find great seminars to attend?

[@davidyuperez6309]

I paid more for a price for what i paid. had a little mre and bought a material thing and into dept. will pay them off anf start investing into the values things for the price. i learn a lot from this video than my school. amazing.

[@FGuilt]

This warren buffet advice is only one way of using price vs value. Chasing low priced stocks is another way. Chasing breakout stocks, chasing technical indicators, there are so many ways to trade stocks, Buffet's methods are very long term. For a short term investor/trader, price fluctuations can be VERY profitable. Price fluctuations and dividends are everything. Both can be very profitable if allocations and position sizes are properly executed. Be creative. Buffet is not the only way to trade or invest.

[@usure9250]

Tai Lopez thank you so much again bro. Amazing knowledge I'm only 26 and you set me up for a amazing journal of happiness just by your videos your thoughts. You a great man

[@jalikungu]

I feel empowered by this video, i have never known the difference between value and price until now, wow great stuff.

[@TheDeathofGrace]

I don't exactly love to read and I read only slightly faster than average, but I have an extremely high retention rate. I find that movies are better for entertainment. Knowledge wise, there is not much you can get out of books. You can feel like you're learning something but the truth is that if you could find happiness, success, riches, etc from reading a book then everyone would be reading. I believe that the kind of wealth that many Americans aspire to gain comes from exploitation rather than any real value that a single person can bring to the world. Being extremely wealthy is not about how much you know but rather it is about how much you know more than others. Real wealth is about advantage and leverage. I would say that connections, money, and low morals are the best way to become wealthy.

[@vexany]

Amazing video Tai Lopez ! The value of this video was worth it. I will eventually look your foward to your next videos. Your doing a great job, thank you for that lesson !

[@GBEQUICKSCPOE]

I'm struggling in life right now and I want to start investing when I get older and just from watching you're videos helps me a lot it lets me know how everything works I never heard anything about value over price and just from watching this video I noticed lots of mistakes I could of made thank you for making this video

[@TheYoungSuccess]

A video on the technicalities of starting a business from scratch would be great. Raising startup funds and getting a business off the ground.

[@Emma-bt9if]

Hi Tai, I must confess that I have really found a couple of your videos more than helpful. Most are concise and straight to the point. Never a dull moment on KZbin watching you. I love the simplicity in your talks, almost anyone can relate with it. Would love if you can do a review on Network Marketing when you have time. Thanks again and again, this is more value than I can bargain for. Cheers! (From Nigeria)

[@jeromek1246]

Well put..The best way to learn a subject such as value of a stock is to link it with a familiar or known subject such as buying a home or a car..or even a book as you put it. Makes it stick to your noggin. Chasing price will somewhat put you in a Jones effect situation and will probably disappoint you. BTW keep up the great work, sharing knowledge is the best way to Give and a Giver will always prosper.

[@mambob1592]

Thank you so much for just helping people out and not charging our country needs this our young people need this. I need this I want to invest but have no clue and every video is like well watch my video on this site or read my book to find the answers THANK YOU FOR BEING SELFLESS THIS INVALUABLE

[@shirleysalau4424]

Thank you Tai. Your video is so valuable to me. More than the teachers and people I had looked up to guide me in the right direction to help me improve my life. I thank you for talking this way, I have gone to school have two degrees and am working two jobs. What upsets me is how I have not made money where I could be happy. I have been in debt and upset about the way I spend my money. I pray I can pick up the habits I should have had and change my life once and for all. Again thank you. This is the teachings I need.

[@PabloEzequielLeone]

I think this is wrong in the short term, but true in the long term, let me explain... Startups or tech stuff don't add too much value to people, but people tend to pay a lot for that, which makes a lot of money to the company, but in the long term, this can be stuck then the price fall. I'd say... Making lots of money in short term = invest in price (luck is a factor) Making lots of money in the long term = invest in value (patient is a factor)

[@TheMarcusavelino2]

I paid too much for my education. Just transferred to a lower priced college.

[@snufte]

Hey Tai. It would be great if you made a video about how you organize your books and how you easily can find what you have read earlier. Ive started writing something down in Evernote, but i feel like its not organized enough, and need a kick in the right direction :)

[@donovanmaxwell]

Well done sir! I've spent quite a bit of time doing research in preparation these past few day to begin investing for my eventual retirement. Out of all the "video bloggers" I've come across, this came across as very reasonable and thought through. No gimmicky pitches, trying to sell a particular product, or trying to sound more intelligent than you are. I didn't get the impression you are simply regurgitating popular subjects simply for views. It came across very well to someone with a low tolerance for garbage blogging. If more of your videos are like this, I look forward to becoming a subscriber.

[@InvestingBookSummaries]

Good ol' Tai :)

[@luisgregoryhinojosa]

Yo Tai just incredible wealth of information for starters like myself. After misusing my money and going through bankruptcy at an early age of 27. I started to look at money in a completely different light. I'm a follower 👍🏽

[@lkjkjhhgf]

what happened?

[@westsidecrazysiah]

Ethics and business and sustainable economic growth

[@MikeBarron1]

BOOM!🚀

[@hc1540]

I discovered your videos yesterday, and they really inspired me! Now instead of feeling bad about going to community college, I'm proud that I'm saving money and still learning everything I need to know. Thanks for the videos :D

[@slowphobia]

I would like to see a video of weighing spiritual value over physical, monetary value. I'm not talking about religious pursuits or anything, although that could be part of it, but more of investing in things that aren't going to be appreciating but bring joy to ones life.

[@elainej3392]

The info in this video is so common sense, I can't believe people need to read a book to know what you are saying in this video. I taught my son these things when he was in 5th grade, that the most money is made by investing and not by working at a job, the difference between the price and value, etc... it is so common knowledge, but thanks for making this video anyway.

[@fernandocambeloable]

Surely a better investment is a library membership...

[@55MAK55]

Ferdinand Campbell HAHAHAHAHAHAHA IM DYING

[@etoile1267]

That's what I was thinking!

[@INeedMySpaceTech]

Upgrading my car when I didn't need to was the worst investment I've made. I think its the worst investment most people make. Spending $6k on a 6 year old car sounded like a good plan until I learned that it cost me $80,000! See my notes: I had a 1997 Civic that got 7L/100km(40mpg), I paid $2.5k for it back in the day. It wasn't a sexy car, so I upgraded to another used car. It cost me a lot of time bringing it to the shop to fix things and after all the bs I probably spent $10k on a 'lightly used' vehicle. I thought this was a pretty good deal. But what I didn't consider was the impact it had on my net worth. 1. Taxes in my location on the $10g i spent are around $1300. That's a lot of money to give away! But its included in the $10k so we can ignore that now. 2 Fuel Economy Losses:$4.6k over 5 years (that's being super conservative). See below for calculation. 3 the lost capital gains on $10k (I didn't get much at all for civic) at 7%/year for 5 years(which is probably how much longer i could have driven my civic before needing a new car) works out to be around... drum roll please: $4200! not to mention, not spending the 10k in the first place! 4. After 5 years, I might be able to sell my car for $3k if I'm lucky, a loss of $7k. Total waste of money after 5 years: 4.4+4.6+7=$15,800! 5. Extension into retirement. Since this $15.8k just doesn't exist anymore, lets see how much it would have added up to at retirement (40 yrs @ 7%)= $260k or $80k in todays dollars. 2 calculation: The fuel economy sucks! I'm averaging 11L/100(25mpg). Sure the car is faster but who cares when you're stuck in traffic anyway, or just cruising on the highway! 11-7=4L/100k wasted. If i drive 20k a year * 5 years =100,000K @ 4 wasted litres per 100k thats 4000 Litres, maybe an average of 1.15 a litre = $4.6k

[@dahiro959]

Johnny Knoxville + Intense reading = a bold investor (Tai Lopez)

[@jeffreystern5886]

By the way.... you can pick up most if these books at 2nd hand or thrift stores for as little as $3 each... if you're patient. Just keep checking in to about 3 or 4 stores every 3 weeks.... eventually most of these books make in there...in the business and investing sections. A lot of people get these books as presents... look at them once and end up donating them!

[@Killjoy0329]

If you are willing to struggle to make it to the top you will make it, I’ll see everyone in the comment section on the top! Keep pushing guys

[@Mizernyi]

A video on communication, on how to keep a conversation going and get the most value, knowledge, information out of a person.

[@janetmbogo1956]

Thank you Tail Lopez, am now 27 years old, and I wish I knew this years ago, I am now trying to grow a business and my degree that I did for four years was a complete waste of money, and am still in debt because of that. Thank you so much for these videos, and you are changing the world, believe that

[@PraveenKumar-ei9et]

hey man. even you can conclude the same discussion within 5-10mints. but u stretched up to 25mints. very great.

[@PastimeVP]

This was actually a really informative video. I found what I was looking for. Thanks brother.

[@williamgoss5790]

One of his best videos.

[@joybartlett3030]

Tai, I found you only 2 days ago and already I am totally addicted to your videos! Everything you say makes so much sense to me and shows with glowing clarity where I made my mistakes in the past. I will be joining your programs in the very near future. Thank you so much for all you do. I love your book reports. :) Joy.

[@bisaf11]

Great video Tai! Thanks for sharing your knowledge.

[@st0nedglory]

this is enlightening. Recognizing the cost vs price is such a good way to look at things even outside of investing.

[@places-to-eat-near-me]

You are a great inspiration Tai, we will follow you at your website, thanks for the video.

[@RandyR4eva]

I find myself going back to your videos such a wealth of knowledge thank you from the bottom of my heart for sharing this information. You could have easily never shared these vids but you're burning desire to help others become more aware inspires me everyday. Thank you for your contribution tai

[@wesleyoliveiraazevedo8542]

A video about the one thing would be awesome. Spending money on bad habits, best way to avoid this is create new habits around it to conquer it.

[@donkeyshowstar]

I use to live in a small town where everyone knew each other's business. For weeks i bought "over sized" extra large condoms from the same clerk women at the local convenience store. Best investment i ever made.

[@RyanG235]

im a bit late on this but im 15 years old and from scotland i have been watching your videos and also watching the videos on your website ive taken a real interest in what your teaching ive always wanted to be an entrepreneur always thinking of new ideas and how i can have wealth , health , love and happiness . Also ive ordered a few books i was thinking maybe you could make a video about what the first thing you invested in was and how it all was for you at the start or your career did you feel nervous that you would be putting money into something and maybe didnt know if you would make the money back

[@Gasdetection]

Tai, i would love to hear you talk about how to reduce mental stress and increase mental power, how it relates to accomplishing projects and how it relates to money. Thank you so much Tai!

[@georgeberger4137]

Awesome video man. Extremely intriguing and engaging. The basis point of the video: ' price should always be under than the value expected' is a wonderful statement by warren, which I never understood; however, you proclaimed it and explained precisely to me. Thank you!

[@InTheCutNews]

1. What video to make next? - Social skills, cognitive biases, philosophy, biographies. 2. Where have I paid more for prices than the values received and how do change it? - The best example in my case is buying a gaming console. Less time and no learning. I sold it a year ago.

[@mikedinh2661]

yes Price vs Value over the life of it soo Important please keep on providing more videos and list more books to gain knowledge

[@AMelEnding]

The value of this video was tenfold. The price was absolute zero for an amazing value. Thanks Tai.

[@jimmysjam111]

I enjoy these movies, and thank you for taking the time out of your schedule to educate the uneducated. I would like to hear more about investments, because its the one I lack the most knowledge in. Not saying in all the other areas I am doing excellent and there is no room to grow. Also to answer your other question about paying more then the value. I do it t everyday!! Food, toys for the kids, car payment, things to do, gas to go to those things, etc. I have a question for you though. Do you ever personally answer people who write you whether via email or letter??

[@Bansalvks]

how to calculate value of a company/stock?

[@barbarabupe3517]

Thanks for well-presented video. Next topic? Risk and working out margin of error. I.e. Risk:Reward and Price: Value.

[@joseancruz1859]

Hey Tai, your videos have helped me a lot. I am part of your 67 steps program and I'll tell you I could not be happier. It has definitely help me visualize my life on a course I am more than happy with. I am more confident than ever to achieve my goal. I dream of a day on which I could make a global impact on society. I am soon graduating from college and hope to attend the next seminar you have. Keep up the great work!

[@1nohim]

Hey Tai , how to determine value in terms of dollars? thank you

[@chrispz5675]

Hey Tai... Could you recommend a book or make a video aiming to an specific book of the day explaining what people should do, focus on and the steps to take when they are broke and in college? For example what amount of money should they save before hand, type of businesses to go after at first and points in that matter? Thanks.

[@horustuntankhamun1657]

This video it self is Gold!!

[@alexeddy79]

I learned the hard way value for car repairs and cars themselves. When I moved out west I had been accustomed to having my godfather fixing my car and for a reasonable price. Also had my dad and my godfather find the value of my first car. So when I moved out west and bought my second car I had hardly any knowledge about vehicles and overpaid for repairs. My 3rd car I've been doing the work and reading, researching about the mechanics. But I did over pay for the car at least by $1500 just not knowing the true value for that car

[@gramdhillonify]

Once again awasom talk. 1. Can you please talk about your approach to drinking (alcohol). 2. New cars. My next car I will compare value of slightly used and brand new.