The 10 Golden Rules of Money (Must Watch)

[@ChrisInvests]

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[@Matthewaustinbellmusic]

0:56 learn the game 1:34 avoid depreciating assets 2:25 Make Money Work for you 3:25 Don’t spend to impress 4:09 Avoid Debt 5:02 Balance Risk 5:44 Set goals 6:32 stay organized 7:23 Right Mentality 8:12 Pay you 1st

[@davidshipp623]

Cheers!

[@adaytoremember225]

I wasn't the smartest with money in my teens/twenties. Now that I'm 33, I've realized most people tend to want to look wealthy, rather than be wealthy. I've learned the hard way, and feel like now I pride myself on informing other people (especially younger folks) on the steps to financial freedom. There's really no better feeling!

[@theshapeexists]

I drive a car that I paid $2300 for 11 years ago. I bought another for my wife that cost me $500. We sold a very successful restaurant years ago and have invested all the money. My clothes are over 10 years old for the most part. I look like an average joe but have a bank account that says otherwise. My coworkers who drive bmws and Mercedes give me crap for my “shitmobile” even though its been dead reliable since I bought it and costs a fifth the price to maintain. Their new cars are always needing work while I’m saving money. We live on my wife’s salary, which is good, and use 100% of mine for investing. I will not need to work by the time I’m 50, but will because I enjoy it. I get rich by living like I’m not. So to my acquaintances who wonder why I’m in Hawaii or Amsterdam every few months and wonder how I aafford it, now they know.

[@adaytoremember225]

@@theshapeexists good for you buddy! That's great to hear. You have any kids if you don't mind me asking?

[@theshapeexists]

@@adaytoremember225 no kids. I decided at 18 when the cost of living was far surpassing wages in the US the only way I could have true financial freedom was to not have kids. My wife and I had never wanted kids either so its worked out great. My brother has 2 kids so I still get the chance to watch my 2 nieces grow up without the responsibility of raising them. Its a sweet gig if you can get it. 😆

[@adaytoremember225]

@@theshapeexists that's great man. Yea they are expensive, but so worth it. I'm glad to hear your story, glad you're happy!

[@site_is_down]

That's amazing.. You did not only did well in your personal finances, you are also doing great because you're sharing tips and pieces of advice on people who needs to also do well financially. You're such an amazing person with a beautiful soul 😊

[@ChrisInvests]

Don't forget to like (or dislike) the video! 😀

[@mr.financial]

Liked! Love point #9. I saved 50k over 5 years in the past just by cutting my vehicle, renting in a less desirable area and not owning and having a low cost phone plan and phone. That money put in the market for passive income was life changing. 😎

[@katelynrenesse4798]

Building wealth is in your mindset, work on that and your financial potentials becomes exponential, develop good habits like regularly putting money away in intervals for investments .The financial market has plenty of opportunities to earn.. I made my first million from passive investing in diverse assets with the help of my adviser Susan Kay Mack..i have no doubt investing more.

[@larryronhartfield55]

exactly Invest early, invest often, stay invested.

[@harleycartley3138]

out of curiosity I did read about Susan Kay Mack on the web.,she has a great resume.

[@robertthurmond8161]

I want to play the long term game with well diversified funds

[@donaldlocher2537]

Did a quick search and found her web page. she seems very proficient, I wrote her and I'm waiting on her reply.

[@site_is_down]

That's nice! I agree, building wealth is knowing where to shift your focus. Thank you for sharing some of your valuable insights and pieces of advice.. I'm also excited to hear your thoughts on some of my videos in my channel too. See you around 😊

[@toddaustin2198]

Another great video! TY

[@guitarmansg499]

8:21 initially caught me off guard by the pie chart and explanation because my gut reaction was, 'of course the larger chunk should be savings (assuming your income/non-discretionary spending ratio permits)', but I guess it all boils down to mentality from the previous point #2.

[@ChrisInvests]

I thought the graph was a reasonable representation of spending/saving 😁

[@dynamics9000]

great contents and wonderful videos. thanks for sharing .....!!!!!

[@jessestraube6157]

This is a great video on personal finance!

[@liambracey6708]

Honestly, all of the rules spoke to me. i have a notebook that i only take notebook for these videos in and they are really helping me. i will be retiring in less than 2 years and i believe that in my retirement i will be thanking Chris for helping me to get where i want to be in my golden days. i have a question. considering the present market state ,what is the best strategy to maximized gains?

[@richardsoncuthel810]

You should take a proper look into diversification of positions because the market can be incredibly volatile, and on any given day you might get good returns or lose a big chunk of your investment, but if you own shares of funds from different companies, you're spreading the risk out by a lot. Lastly get a Investment Advisor for guidance don't rely on books & Utube vids only

[@liambracey6708]

@@richardsoncuthel810 I really appreciate your effort and goodwill . How can i get a true Advisor who wont put me in debts? i'm afraid of letting someone in my financial affairs . i have about $80k in a saving account yielding next to nothing .

[@richardsoncuthel810]

@@liambracey6708 Katherine Duffy Burke. She’s s quit known and has got a website so you can check her out online . she saved my money on a losing trade and ive followed her ever since . she may not always be right but i listen to what she says regardless and so far its what has taken my growth reserve from $50,000 to $312,000

[@mialangley2388]

Ito make good gains in this current carnage market . you need to carryout proper research , study charts, trajectory periods , read books with the likes of the intelligent investor , control your emotions and develop good investment habit. Be smart when others are panicking. doing this will give you a plethora of money.

[@egysehs8849]

It`s a valuable video, thank you for sharing

[@mavelalmedilla951]

Maraming salamat po sir

[@isaiahstevens800]

One of my favorite channels to watch and learn from! You’ve been an immense help as I’ve entered the financial workforce as well!

[@ChrisInvests]

Glad it's been helpful! Thanks for watching 🙏😁

[@Countstep0099]

I find myself at a crossroads, uncertain whether to liquidate my $150,000 stock portfolio. I'm seeking advice on the best strategy to capitalize on this current market.

[@2024Red-j5t]

Well the bigger the risk, the bigger the reward and such impeccable decisions are better guided by professionals

[@wealthychronicle-i1u]

Yes true, I have been in touch with a financial advisor. With an initial starting reserve of $80k, my advisor chooses the entry and exit commands for my portfolio, which has grown to approximately $550k.

[@Petroguest-i4g]

I’ve been looking to switch to an advisor for a while now. Any help pointing me to who your advisor is?

[@wealthychronicle-i1u]

There are a lot of independent advisors you might look into. But i work with Nicole Desiree Simon and I have been working together for nearly four years, and she is excellent. You could proceed with her if she satisfies your discretion. I endorse her

[@Petroguest-i4g]

Thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an e-mail shortly.

[@emmanuellohfa3609]

Wow so interested 💪🏿💪🏿💪🏿💪🏿💪🏿

[@DougVandegrift]

I had a friend who bought a new Bronco, then turned around and sold it used for 4 grand over what he bought it for. So cars aren't always a depreciating value.

[@ChrisInvests]

That's happened a lot over the past couple of years

[@Gladys_smith]

The most prudent thing for everyone to do right now is to invest in other sources of income that do not rely on the government. Especially in light of the present global economic crisis. This is still an excellent opportunity to invest in stocks and digital currencies

[@jose-fischer]

It took me several months to get my investment correct but I'm currently on the right path and confident. Investing can be overwhelming but not getting started means loosing out on money you should have made and everyday there's a big win when it comes to trading and investing strategically. It simply involves being realistic and setting your own targets to reflect investment goals and risk tolerance.

[@-Pamela]

This made so much sense, just like he said " for one to invest, the person have to consider an appropriate choice of Investment with at least one percent minimum risk, profits margin, a mentor and expertise to guide and help you manage your Investment portfolio.

[@Gladys_smith]

speaking of been successful. I know I am blessed if not I wouldn't have met someone who is as spectacular as Mr Thomas

[@Gladys_smith]

I have been surviving through my investment with him, am so glad I invested when I did. I’m earring $25,000 weekly with him

[@michaelfranklin.]

@@Gladys_smith Same here it's four months now I started trading with him, and it's been a good experience

[@marcushernandez1909]

Amazing content subscribed

[@ChrisInvests]

Thanks for watching!

[@TheCompoundingInvestor]

Really like the way you present your videos Chris. Really easy to follow and very entertaining 👍🏼

[@quartytypo]

If you are doing something right, you make money. If you do something wrong, you lose it. Get on the winning side of this equation.

[@site_is_down]

Losing in the stock market is not actually a guaranteed result of investing in it - the only factor that can determine your percentage of success is through time. That's the beauty of investing, especially in the stock market.

[@davidreus9321]

Most of us tend to pay more attention to the shiniest position in the market to the cost of proper diversification. From my own point of view, you need to invest smartly, if you need the good things of life. so far i've made over 300% ROI off the market this month alone from my diversified portfolio strategy and i believe anyone can do it you have the right strategy. Saving takes long time but investing smartly is the key for short term

[@emmaemily7308]

You are right. I also started my journey towards actualizing Financial independence. I am sick off earning from only one source especially 9-5daily. But I am having a tough time finding a good investment adviser. Seeing your testimonies, I believe that you achieved this through a good tactical means. I hope you don't mind sharing information on how you made it possible?

[@davidreus9321]

@@emmaemily7308 I invest across the top markets but not by myself tho. i follow the guidelines of Alexandra Diana Jose. you might have heard of her.. I can correctly say she’s worth her salt as a investment advisor as her diversification skills are top notch/ I say because i see that in her results as my portfolio grows by averages of 30 to 5O% on a monthly basis, unlike i can say for my IRA which has just been trudging along. my portfolio just mirrors what her place and not just on some particular industries of my choosing

[@emmaemily7308]

@@davidreus9321 I appreciate your advice. It's hard to find someone that's reliable. When I see how much you've made investing, I could really use your investment advisor. That is, if you don't mind sharing her information.

[@jarrettmacurdy3612]

Almost anyone can get good returns in a raging bull stock market To quote Warren Buffet "you can tell who's swimming naked when the tide goes out " You should have some idea of how you would respond in a fifty percent drop in the broad market. This is often when eighty percent of retail investors panic and sell. Therefore it is important that you know whether you can handle such a pullback. The stock market goes up and the market goes down.

[@davidreus9321]

@@emmaemily7308 She is easy to find , make a quick research of her on the internet with her name Alexandra Diana Jose . She works with anyone independent of their location.

[@clownanaround7996]

Thanks for content

[@ChrisInvests]

Thanks for watching!

[@charlottepeukert9095]

Well, this isn't all true. Some people are not organised in certain areas of their lifes, while being highly organised in others. You simply can't do it all at the same level. Allowing oneself to be less organised means less stress. It's the same with these dreadful talks about getting up early. When you're a dedicated night-owl ( like me), there's no way to get meaningful stuff done early in the morning. Learning, organising, investing whatever needs to be done with my brain switched on is reserved for late afternoons and the hours before midnight.😊

[@GuitarsRgood7]

This really should be taught in high school

[@EranM]

Using debt is for advanced players with more than a few years in the game. Almost all companies using debt as a powerful tool.

[@jackalthakomodo5257]

Great video as always!

[@ChrisInvests]

Thanks for watching!

[@MartianAmbassador69]

Crypto?! Sure, if you consider a pyramid scheme an appreciating asset...

[@howtosteve]

Great video, but regarding the 7th tip: feel free to impress others - with all your income sources, but not with the objects you are borrowing from a bank with loans. :D

[@laurencepatmore4134]

Thank you

[@benerney2905]

This is just like the book “the richest man in Babylon”

[@mitcheejee]

"Rule no one of money; never spend your own" - Cory Baxter

[@site_is_down]

I agree.. If it may, invest your money, earn dividends and let the dividends take good care of your daily needs, but don't take or withdraw your investment/s no matter what.

[@JCNY006]

Can’t believe you mentioned crypto as an appreciating asset.

[@DebtPRZ]

@Chris Invests - My man, your videos are always awesome (and I mean always), deserving of a LIKE more so than most videos uploaded on KZbin.

[@ChrisInvests]

I appreciate it 🙏

[@gazza2933]

Informative and I don't feel that I'm being 'preached at' Thank you. 👍 🇺🇸 🇬🇧

[@ChrisInvests]

Glad you enjoyed it 😁

[@wontbelongnow5567]

The number one rule only spend lee than you earn and you will be OK. Live on money made yesterday instead of living on tomorrow's money what you have not earned yet.

[@baltiqvlog6126]

Great video as always, well done. Which platform do you use to make the drawings?

[@ChrisInvests]

Thank you, I use VideoScribe

[@thefinancialcouch1072]

The real #1 rule about money: Never use your own

[@foyss]

First daddy

[@CrisjoseCruz]

Focus your money on things like collectibles in crypto currencies….. lmao

[@Freedomring1836]

I think #7 is the most important in our society. Which inevitably leads to #6. But with our conditioned culture currently, it’s just a constant cycle of #7 to #6 back to #7 and so on.

[@NiklasAndersson7]

When he mentioned crypto as an asset he lost all credibility.

[@smith0010]

Even with the current dip in crypto currency's , I'm still glad I can smile 😊 back at my portfolio of $ 109,700 built from my weekly trade , I'm having my fourth withdrawal in 10 business days

[@chukswayne495]

Every bitcoin investor right now is just smiling at the price of bitcoin as it head strong and indeed valuable enough to generating Roi. More persons are gonna become millionaires and we have Bitcoin thanks for that.

[@leonardmorris6798]

I've traded with a lot of individuals but have never come across anyone as good as Mrs Walls , just by applying his new strategies I now trade independently. He's the best I can advise any novice investing to trade with him

[@micahll5684]

I heard a lot of investing with Mr Donald and how good he is, please how safe are the profit?

[@smith0010]

@@micahll5684 I trade with him, The profit are secured and over a 100% return on investment directly sent to your wallet.

[@noravenilla1092]

I also trade with him, Big thanks to Mr Walls for what he did for my family and I 🙏🤗

[@xquiroz223]

Yo pregunto cuánto más que voy a invertir si de la primera del 2019 que le diga a los creadores para que lo perdieran su negocio yo que no tengo nada usted no cree que si yo había sido interesada yo había hecho cuenta y de todo porque esto lo está haciendo mi Dios cuánto más es que hay que invertir y no he recibido todavía de lo que liberty hizo del 2019 nada Yo soy Xiomara altagracia quiero Yuri si ustedes ven que yo no le pongo una tarjeta de crédito y todo lo que me piden es porque todavía yo no la tengo yo empecé como un trabajo invertir mi dinero que me ganaba de los juegos publicándole anuncio a Google de que supuestamente pagan una mensualidad no sé si me comprenden pero no borren con lo del 2019 porque el dueño del cielo y de la tierra mi Dios tiene más y sabe que somos dos

[@BarbellFinancial]

I make large six figures every year but live like I make only $50k a year. Makes all the difference to not inflate your lifestyle.

[@polotrucker1345]

Passive income buys my toyz!

[@Mikkerd12]

crypto is a giant Scam please stop using them cuss now the crypto bro's think they smart

[@josea.salazar8306]

Not necessarily I could understand why you see it like that tho

[@Mikkerd12]

@@josea.salazar8306 sure it has it's value but not the values given to it right now

[@josea.salazar8306]

@@Mikkerd12 100% agree for most cryptos more than 99% are shit coins or scams or coins with little to any viability.But others like eth and bitcoin are worth market value

[@Jafar-dr6to]

This is why I always recommend to young “high school age”people starting out to read the richest man in Babylon for there base with money, before they get in debt

[@LowkeyGenaro]

I started out with Rich Dad Poor Dad and Think and Grow Rich, I’ll check that one out

[@ChrisInvests]

That's a great book 👍

[@henrythomas2569]

Even with the fluctuation in the economy, I’m so excited I’ve been earning $45,000 from my $10,000 investment every 10days.

[@alextorres7643]

Same here I earn $13,000 a week. GOD bless Angela Cole Carr, she has been a blessing to my family.

[@lilianmerkin7923]

@Manny Torres How, I'm in need of her assistance?

[@robt1748]

I’m from the UK 🇬🇧 I’ve been trading with Mrs Angela for a year and she has proven to be trusted and best broker. I strongly recommend her

[@lilianmerkin7923]

@Manny Torres thanks for the information

[@Nolaman70]

👆👆👆👆SCAMMERS

[@glennpham2763]

#7 is very important. No one cares.

[@pressleyfountain8721]

Despite the economic downturn,I'm so happy☺️. I have been earning $ 16,700 returns from my $3,530 investment every 13days.

[@kyrielegend2132]

This must be an investment with Mr Rick Wayne

[@jefferlowiston6516]

@@kyrielegend2132 Wow I'm just shocked you mentioned expert Rick Wayne thought I'm the only one trading with him

[@jummaimuhammed8874]

He helped me recover what I lost trying to trade myself

[@michaeljordan4411]

Mr Rick Wayne is the right person to start trading cryptocurrency with.. He knows his way around the crypto world.. He has been helping me increase my investment every day for over months..

[@mcdowell3096]

Very much true he's the key to my successful life and three of my friends also trades with him and earns $62,000 every month with his help and guidance from him.