The Psychology of Money in 20 minutes

This video was inspired by Morgan Housel’s amazing book “The Psychology of Money”
I hope this short video inspires you to put down your phone (and social media) for a few hours and go out and grab a copy of this book for yourself.
Check out Morgan Housel’s book here
📕The Psychology of Money amzn.to/3ZdJQq1
If you are more into Audiobooks, here is a link to that. You can get two of these books for free if you sign up for a free Audible trial with the link below.
🎧Grab The Psychology of Money audiobook here on an Audible trial with 2 free books
amzn.to/3A5r32l
What is The Psychology of Money about?
You may think of money as just numbers, spreadsheets, math or an equation that needs to be solved, but the real financial decisions are made away far from calculators, around dinner tables - with ego, pride, fear and personal history.
The true nature of money is the dance between the cold arithmetic of a spreadsheet and human nature.
When it comes to money we are complicated creatures and financial success is not so much about how much you know but how you behave.
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(TIMESTAMPS)
(00:00) Financial DNA (You aren’t Crazy)
(02:51) Compound Kings (Buffett’s dirty little secret)
(05:56) Pessimism & Money
(07:40) Two Forgotten Elements (A story)
(10:18) The Key to Happiness
(11:21) Tail Events
(15:02) Beyond Bling (True Wealth VS Being Rich)
(16:30) The Real Price
(19:13) Hedonic Treadmills (enough?)
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Thankyou for watching. Please Subscribe, it helps a lot! :)

[@rannyorton]

Success depends on the actions or steps you take to achieve it. Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Financial management is a crucial topic that most tend to shy away from, and ends up haunting them in the near future.., I pray that anyone who reads this will be successful in life!!

[@belljoe]

Starting early is simply the best way of getting ahead to build wealth , investing remains a priority . I learnt from my last year's experience , I am able to build a suitable life beause I invested early ahead this time .

[@smithlenn]

The rich Invest in alternative income streams that are independent of the government should be the top priority for everyone right now. especially given the global economic crisis we are currently experiencing. Stocks, gold, silver, and virtual currencies are still attractive investments at the moment...

[@Patriciacraig599]

I thought about investing in the financial market, I heard that people make millions if you know the tricks of the trade, but I lack good knowledge and a strategy to outperform the market and generate good yields. I have 160,000 but it's hard to bite the bullet and do it......

[@Alejandracamacho357]

The best course of action if you lack ma-rket knowledge is to ask a consultant or invest-ing co-ach for guidance or assistance. Speaking with a consultant, helped me stay afloat in the market and grow my port-folio to about 65% since January, even though I know it sounds obvious or generic. I believe that is the most effective way to enter the business at the moment................

[@Patriciacraig599]

Is there any chance you could recommend who you work with?

[@user-bf2lh9ok2i]

It's quite shocking how few people know about the forbidden book called scarpure money

[@miertastrain]

I can’t find it in google

[@user-bf2lh9ok2i]

@@miertastrain find on borlest bro

[@user-bf2lh9ok2i]

@@miertastrain The fact that it's hard to find that book speaks volumes about it, but it's still available on the Borlest. thank me later

[@user-gy7nf5uy1r]

@@user-bf2lh9ok2i wow, thanks bro i found it after a lot of time

[@sceneizfilmova5105]

@@user-bf2lh9ok2i thanks bro i found it

[@Mr-sweeny]

I like how you take the effort to inform your audience; after all, we're all trying to live better lives with stable finances. This is simple to do with the correct investment, modest lifestyle, and budgeting. I am grateful that I was taught early in life to strive hard for financial independence.

[@Nernst96]

Even though I engage in investing, I feel disheartened by my lack of expertise in assessing the performance of individual companies and determining the optimal timing for stock purchases. The erosion of my financial reserves due to inflation adds to my concerns. At this point, I require precise market trajectory information, but I find myself unsure about the appropriate course of action.

[@jessy830]

Considering the prevailing economic climate, I recommend seeking a mentor or a knowledgeable advisor who can provide guidance and support.

[@PatrickLloyd-]

I wholeheartedly concur, which is why I opt to entrust the day-to-day decision-making to an investing coach. With their specialized knowledge and extensive research, it is highly unlikely for them to underperform. Their expertise is centered around harnessing the asymmetrical potential of risks while also employing measures to safeguard against unfavorable outcomes. I have been collaborating with an investment coach for more than two years

[@mikeroper353]

@@PatrickLloyd- Interesting, I could really use the expertise of this advisors, who's the person guiding you?

[@PatrickLloyd-]

my financial advisor is 'Vivian Carol Gioia’. I found her on a CNBC interview where she was featured Afterwards I reached out to her. she has since then provided me with entry and exit points in securities I focus on.

[@jairmendoza6543]

Great video. Im a huge Blcktken300 fan and love your videos on it.

[@mabn9771]

Scam

[@abadalvarez1764]

Blcktken300 anticipation is building to a fever pitch! 😥

[@HaroldC.Wiggins]

I used to think every investor went broke during recessions, meanwhile some made millions. I also thought everybody went out of business during the Great Depression, but some went into business. Bottom line, there's always depression for some and profit for others, it all starts from having the right mindset. That said, I've set asides part of my savings to invest for future. Unfortunately I'm a complete noob.

[@StevePeterson-sg6bb]

The market has gone berserk! irrespective of experience level, everyone needs a sort of coach at some point to thrive forward.

[@polarX999]

thats bob proctor right there the man who said that

[@zacharysherry2910]

The problem is that the people who got rich during the depression like Rockefeller were people who had the money to save the money in the first and then opportunities always show up whenever there's movement in the economy. Kind of like electricity. It doesn't matter if there's high to low or low to high. If there's a difference in potential then there's voltage either way.

[@carriehilsen2096]

As someone who studied economics I think the "changes" in the economy are orchestrated to siphon wealth

[@user-sq1zp1qt3m]

The point is the money wiped off the price of stocks or other investments don't just disappear. They go into other people's pockets or accounts. It's really that simple, it doesn't vanish

[@DigitalTweezer-vj2ku]

Thanks! never had donated to a channel before but the video quality, editing and content was so good that I felt the need to contribute. cheers man 🙌🏼

[@sergio-gw3ju]

It's really wonderful to come across people who freely share valuable information online. You never know what kind of knowledge you might stumble upon that could have a lasting impact on your life.

[@jeanneberengere8063]

Don't procrastinate when it comes to saving and investing. Don't wait for the perfect timing; start now because the current moment is the best time to invest.

[@manuelolaf772]

What specific type of investment are you referring to? I'm aware that making money through investing is not as straightforward as it may appear.

[@jeanneberengere8063]

Cryptocurrency trading appears to be quite lucrative. Despite the constantly changing nature of Bitcoin, it's evident that the cryptocurrency community is here to stay. John Joseph, you're doing an excellent job.

[@heidekathrine4433]

I apologize for interrupting, but I have been searching for assistance with this type of trading as my work consumes most of my time, leaving me with limited opportunities to focus on trading. How can I get to know him?

[@jeanneberengere8063]

INSTAGRAM

[@Hermanjackson89]

Understanding personal finances and investing will most likely lead to greater financial independence. By being knowledgeable about money and investing, individuals can make informed decisions about how to save, spend, and invest their money. A trader made over $350k in this recession influenced market

[@genavazquez2943]

Stocks are pretty unstable, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k just in a matter of weeks|couple months, so I think there are alot of wealth transfer if you know where to look.

[@nathanlindaray9801]

The best course of action is to ask a consultant or investing coach for guidance or assistance. Speaking with a consultant helped me stay afloat in the market and grow my portfolio to about 65% since January, even though I know it sounds obvious or generic.

[@GeorgiaMoore.]

Glad to have stumbled on this comments

[@FrederickBlein]

This is a good recommendation. My first experience with him gave me the assurance that has made me to invest without fear of loosing

[@Stella34065]

excellent share, no BS. just copied and pasted his full name on my browser out of curiosity, thankfully his site came up after scrolling a bit, he seems first-rate.

[@MarianMartinez-pc1em]

Now we just need to see the Blcktken300 price also move in the same direction as these charts. Up. Very Up.

[@jesusfernandoalvareznavarr7323]

Do it. Blcktken300 already in my bags. I had a Blcktken300 after ( your should I buy ) and I agreed and bought. I'm looking to stack more, too.

[@julietgates]

It’s precisely at times like these that investors need to be on guard against the next certainty. You don’t have to act on every forecast, hence i will suggest you get yourself a financial-advisor that can provide you with entry and exit points on the shares/ETF you focus on.

[@user-wc8ew1od8i]

Right, I've been in constant touch with a fiinancial-analyst since covid . You know these days it's really easy to buy into trending stock`s, but the task is determining when to buy or sell . My advisorr decides entry and exit commands on my portfoliio, I've accrued over $300k from an initially stagnant reserve of $150K.

[@user-wc8ew1od8i]

credits to MARIE SLOPIEY DONNER, one of the best portfolio manager;s out there. she;s well known, you should look her up

[@user-wc8ew1od8i]

Google her name,

[@user-wc8ew1od8i]

Marie Slopiey Donner.

[@user-wc8ew1od8i]

search her full name,

[@Riggsnic_co]

Nobody can become financially successful overnight. They put in background work but we tend to see the finished part. Fear is a dangerous component, hindering us from taking bold steps we need in other to reach our goals. you have to contend with inflation, recession, decisions from the Feds and all. I was able to increase my portfolio by $289k in months. You have to seek for help in the right places.

[@Will.iam6693]

I think it's not always about fear, Sometimes realistic factors discourage people from reaching their goals in life. For instance, I've tried investing in the stock market several times but always got discouraged by fluctuations of stock value

[@martingiavarini]

I had my share of ups and downs when I first started looking for a consistent passive income so I hired an expert advisor for aid, and following her advice, I poured some money in value stocks and digital assets,i accrued over $80K in dividends last year

[@TheJackCain-84]

I’ve been down a ton, I’m only holding on so I can recoup, I really need help, who is this investment-adviser that guides you?

[@martingiavarini]

When ‘Carol Vivian Constable’ is trading, there's no nonsense and no excuses. She wins the trade and you win. Take the loss, I promise she'll take one with you.

[@TheJackCain-84]

She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.

[@cristopherestebezgarcia7368]

Blcktken300 gang in the house! Thanks for the analysis!

[@NancyFranciss]

Started my portfolio last year with SCHD, VOO, and VUG after watching one of your videos. In terms of share price, VOO is way up (22.25%) and VUG is waaaaay up (39.62%). Thanks for the education!

[@user-qx7td4oe7c]

Isn't VOO and VUG similar in the sense both are investing in the S&P 500? What is the difference? I thought it is generally advised against to invest in multiple ETFs or Mutual Funds?

[@MollyShorters]

There is 55% overlap with the holdings in VOO and VUG. 1 is tech heavy and the other is financials heavy similar, but not the same. VOO tracks the S&P 500; VUG is just focused on large cap growth stocks. VUG is a bit more volatile, but with a higher upside potential. VOO is a bit safer. I’ve never heard anyone advise against multiple ETFs/mutual funds. You just have to be aware of overlap. You don't have to act on every forecast, so I'll suggest that you work with a financial advisor who can help you choose the best times to purchase and sell the shares or ETFs you want to acquire.

[@user-qx7td4oe7c]

I'm sitting on some significant money ready to toss it into VOO, but I'm kinda hoping that price drops a bit. I know we only want to see the stock rise, but being heavily liquid, I'd rather not reinvent the wheel, thus the search for a reputable advisor, mind sharing info of this person guiding you please?

[@MollyShorters]

Finding financial advisors like Linda Aretha Reeves who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.

[@ivankagel9949]

I greatly appreciate it. I'm fortunate to have come upon your message because investing greatly fascinates me. I'll look Melissa Maureen Ward up and send her a message. You've truly motivated me. God's blessings on you.

[@K1NGW0LF]

Aside from the gold mine of knowledge the book is, I must say this video compared to older ones made a few years ago on this channel it's a true testament of the growth of the channel it's seriously one of the best visual summaries I've ever seen on KZbin. Keep up the good work! Thanks for your contribution. I support it!

[@rebeccamoore8366]

I'm under pressure to grow my reserve that currently holds about $500k. I'm down by 20% already following the crash and I fear I could lose more.

[@josephhughes9583]

It's all hype! best to ignore the trend at the moment whether bullish or bearish, and stick to a proper trading plan

[@mateosantiago5795]

It is very easy to buy in on trending stocks but the problem is knowing when to sell or hold, which is why a coach is important. I've been in touch with one for about a year now and although I was initially skeptical about it, I will say l've made more progress within a year generating 6figure profit.

[@rebeccamoore8366]

That's truly remarkable. I hope you don't mind pointing me towards their direction.

[@mateosantiago5795]

She's 'Olivia Maria Lucas' The best I've seen so far. Simply do your diligence.

[@rebeccamoore8366]

Out of curiosity I looked up Olivia Maria Lucas on the web and I have to say her Credentials are really Amazing.

[@Chloe_emm]

Hit 200k today. Thank you for all the knowledge and nuggets you had thrown my way over the last months. Started with 14k in last 4months of 2023

[@Maguirehook]

Wow that's huge, how do you make that much monthly ?

[@Chloe_emm]

I don’t comfortably throw recommendations of her on the internet God she’s brilliant her skills are set exceptionally .Thank you Amelia Jason I’m sure there’re also good people who excel in their field ! .

[@Stanleylee-sd2dn]

She must be really dedicated and well trusted to talk much good about... can I meet her?

[@Chloe_emm]

she's mostly on Telegrams, using the user name.

[@Chloe_emm]

@AmeliaJason11 💯 that’s it

[@Lamb982]

At 42, I've come to realize that money is a tool. I’ve worked so hard over the years to realize that if you don’t make money work for you, you can’t experience true freedom. I’m glad I found that out although it was later in life, but that marked the turning point in my finances.

[@Novakissla]

I'm in my mid 30’s. Once I get paid, I begin to spend on irrelevant things. I work hard for my money, so I believe I can spend it on what I like. The older I get, the more my perspective shifts. I want to take my finances into consideration and put myself in order before it's too late. How are you doing it, Sir?

[@Lamb982]

Herman Jonas is the brain behind my success. I've gotten into a plethora of assets with $43k spread across stocks (options and futures) for the short term and Roth IRA, index funds, and ETFs, for the long term. Now I sit back, and just reinvest at intervals while I handle my other businesses.

[@OlineFarms]

There is a risk of losing the principal investment if the market takes a downturn, especially if investments are not diversified.

[@pablomolineragalvan47]

I agree, and for that reason I prefer to have a financial consultant like Herman make my day-to-day investment decisions. Given that his entire skill set is based on going long and short at the same time as well as employing risk for the asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis he's got, it's nearly impossible to not out-perform. I've been using him as my financial consultant and the rate of accrual on my portfolio has been positive over the years.

[@Lfgyf]

Hello, how can I reach him, please? I need help with investing.

[@francciscolopez4713]

Love the Blcktken300 content. I think this project is just as essential as HBAR and they both will be great movers

[@robertthurmond8161]

Hey... grew up poor, started investing in 2014 (august). 1000 euros, every month I also put in 100 euros extra. 3 years later I had 22k. I also studied some finance in my free time for a short while until I met my FA. I hit the million mark in 2019 with her help, and went over it some. Then due to a little bit of bad luck and a lot of bad decisions, I lost everything. So yes, you can become a millionaire by investing, however I also know I was pretty lucky to meet the right FA at the right time. What you said about getting addicted rung a bell with me. I didn't even know how much I was making at the time, and found out the numbers after I lost it all. Won't be that stupid again. Every day I try to save and invest, free time; invest, was on the market from the Nikkei open to the US close. Money can come quickly, but remember it can leave quickly as well. On my way to a million again.

[@Lorre386]

I’ve actually been looking into advisors lately, the news I’ve been seeing in the market hasn’t been so encouraging. who’s the person guiding you that you talk so highly about?

[@robertthurmond8161]

@Lorre The adviser I'm in touch with is ‘Emily Lois Parker’ she works with Merrill, Pierce, Smith incorporated. You can use someone else, for me her strategy works hence my result. i started with $22k which she quadrupled for me in less than 3 months. she's a millionaire maker

[@ParishBlein]

@@robertthurmond8161 Funny how I also work with Emily Lois Parker, started since last year when i invested $100k with her and made over 400k profit in less than 3 months

[@JosephineGaule]

@@robertthurmond8161 hi please can i also reach out to her, i don't have so much but i'm very ready to commit to a long term investment for my retirement

[@harleycartley3138]

She actually appears to be well-read and educated. I just did a Google search for her name and found her webpage, I appreciate you sharing

[@bryanwilson928]

You work for 40yrs to have $1m in your retirement, Meanwhile some people are putting just $10k in a meme coin for just few months and now they are multi millionaires. I pray that anyone who reads this will be successful in life

[@DelaneyGilfillan]

I'm favoured financially, Thank you Jesus $32,000 weekly profit regardless of how bad it gets on the economy.

[@PaulaEspinoza-js2tp]

Thanks to Mrs Maria Davis.

[@PaulaEspinoza-js2tp]

She's a licensed broker here in the states

[@GodJesus-wh3ld]

I'm surprised that this name is being mentioned here, I stumbled upon one of her clients testimony on CNBC news last week.

[@allaringo9]

After I raised up to 325k trading with her I bought a new House and a car here in the states 🇺🇸🇺🇸also paid for my son's surgery (Oscar). Glory to God.shalom..

[@kaamisama_jabrawala]

The production quality is simply amazing. Really sets this channel apart from the growing crowd out there... keep it up man...

[@crashbuilds]

Beautifully illustrated and carefully explained, loved it.

[@JavierIbarra-ts3hy]

I think Blcktken300 will be the most important project in crypto. But HBAR sounds nice too. Will buy some with my Blcktken300 earnings lmao

[@Lettogle109]

Stocks extended their year-to-date rally following the CPI report, with the S&P 500 last up 0.8% in afternoon trading. but I don't know if stocks will quickly rebound, continue to pull back or move sideways for a few weeks, or if conditions will rapidly deteriorate.I am under pressure to grow my reserve of $250k.

[@priyankamahatma6672]

It's really hard to beat the market as a mere investor. It's just better if you invest with the help of a professional understands the market dynamics better.

[@Kimdavid109]

With the assistance of an investment advisor, I was able to diversify my $401k portfolio across multiple markets, earning over $980k in net profit from high dividend yielding stocks, ETFs, and bonds in just a few short months.

[@CharetteRose]

wow ,that’s stirring! Do you mind connecting me to your advisor please. I desperately need one to diversified my portfolio.

[@CharetteRose]

Thanks, I merely looked her up on Google and was highly impressed by her credentials; I got in touch with her because I need all the help I can get. I just set up phone call.

[@boomer8066]

@Kimdavid109 she's a terrible she gambled my money in stock options

[@user-el5mr6gq9v]

“Success its not about how much you know but how you behave” So true.

[@JohnLabu21]

"Financial success is not so much about how much you know, but how you behave" - truth

[@mohamedtafat746]

Wow, this 20-minute of 'Psychology of Money' was an absolute gem! 📚💎 The way you distilled such profound insights into such a concise video was truly impressive. It's like a crash course in the psychology of finance, and your presentation was engaging from start to finish. Kudos to you for creating this amazing content!👏👏

[@agoodlife1919]

This information are hollow like everything on KZbin true knowledge lies in many books and working them out

[@charleskaren3948]

If you wanna be successful, you most take responsibility for your emotions, not place the blame on others. In addition to make you feel more guilty about your faults, pointing the finger at others will only serve to increase your sense of personal accountability. There's always a risk in every investment, yet people still invest and succeed. You must look outward if you wanna be successful in life.

[@davidphilomena3093]

The first step to successful investing is figuring out your goals and risk tolerance either on your own or with the help of a financial professional but is very advisable you make use of a professional like I did. If you get the facts about saving and investing and follow through with an intelligent plan, you should be able to gain financial security over the years and enjoy the benefits of managing your money.

[@pierrelouis6841]

The stock market rally run is gone, but I'm not sure if equities will swiftly recover, keep falling, or fluctuate in a narrow range for a few weeks, or if things will quickly get worse. I'm under pressure to increase my $300k reserve.

[@gabrieljules2424]

@@pierrelouis6841 the market is profiting if you are using a good broker or account manager to help out with trades or provide signals

[@stephenieGibbins]

Making touch with financial advisors like Kimberly Kent who can assist you restructure your portfolio, would be a very creative option. Personal financial management will be crucial to navigating the next difficult times.

[@guillaumeclement2363]

Her strategy trade EUR/USD is quite impressive and her currency pairs are 100% beneficial. With her help I've been able to leave my 9-5

[@AlainDanielSanchezPerez]

With Blcktken300 , the sky's not the limit - it's just the beginning! 🌌

[@guadalupeberenicepinachave9119]

Is Blcktken300 a diamond in the rough? Let's analyze!

[@HustlingFreedom]

00:28 Financial decisions are influenced by personal experiences and worldviews shaped by upbringing and life experiences. 02:54 Warren Buffett's financial success is attributed to starting investing at a young age, harnessing the power of compounding. 05:15 Long-term success often depends on seizing tail events, where a small number of events can have a significant impact. 10:00 True wealth is about controlling your time and financial assets, not just material possessions. 16:37 Successful investing comes with a price, including volatility and risk, which must be accepted. 19:26 Recognize when enough is enough to avoid an endless pursuit of wealth and success.

[@hercatalogue1323]

you are an angel bro

[@alphabeta8403]

10:10 Key to happiness 14:00 Few main wins 15:30 Wealth is what you don’t spend 17:00 Stock market 19:00 Hedonic adaptation

[@lailaalfaddil7389]

The greater the automated income you can build, the freer you will become. Taking the first step is the hardest, but 5 houses later living off automated income since July 6, 2016. You’ve got to start taking steps to achieve your goal.

[@susannnico]

What kind of investment would you advise? And what is the best way to follow it?

[@GhostRider09876]

This man is alive😂

[@nasimkarim5498]

😁

[@yaulaibung]

I found this channel 3 days ago. After I watched all the video, I was sad to realize he didn't update for more than 4 months. Glad now he is back!!

[@ankurvid90]

Well said. 👍

[@officialmbecker]

💯👏🔥

[@vishalnangare31]

😂

[@letshearit8993]

Ok I'm going to binge this entire channel today. This was an incredible video!

[@MarvishaN]

The advice in the video is excellent and true for the typical American. My husband and I got so rich when we learnt of the method of diversification for our investment portfolio strategies. Like spread our investments across different asset classes to manage risk. Another is the growth strategy, focused on capital appreciation through high-risk, high-reward assets. Income-oriented strategies target regular income from dividend stocks or bonds. Finally, there's the value strategy, seeking undervalued assets for potential long-term gains.

[@kumarsingh001]

This is really not as difficult as many people presume it to be. It requires a certain level of diligence, no doubt, which is something ordinary investors lack, and so a financial advisor often comes in very handy. That is how people are able to make such huge profits in the market.

[@georgeh.5126]

@kumarsingh I wholeheartedly agree, which is why I choose to delegate my daily investment decisions to a coach. Their specialised knowledge, research, and risk management skills make it challenging for them to underperform. They focus on utilising risk for its asymmetrical potential while mitigating downsides. I've been with my investment coach for over two years and have earned over a quarter-million dollars.

[@tommyers0]

@georgeh My collection has been underperforming recently, and I'm considering a strategy change with the help of a coach. Is it possible to get in touch with your coach?

[@georgeh.5126]

@tommymyershoffman The adviser that guides me is HEATHER LEE LARIONI. She works with Merrill Lynch near my old office so I see her often to discuss my business. There are a lot of independent advisors you might look into. But for me, her strategy works hence my result. She provides entry and exit point for the securities I focus on

[@tommyers0]

@georgeh Thanks a lot for sharing, just looked her up and I'm super impressed with her credentials. I will be writing her shortly

[@user-xk7bi4pi9g]

The best self development animated channel hands down ❤

[@Fatima.Alsh.]

key take aways: 1- Financial decisions are often not purely logical, but are skewed based on external factors which influenced your attitudes on money. E.g. What generation you were born into & what stock market was like in your formative years shapes your attitude towards investing. 2- compounding is king (Time + Skilled investing = exponentially increases your income) crucial for long term wealth E.g. 2$ investment over a period of 20 years with a constant interest rate of 10% 2 -> 20 -> 200 -> 2k -> 20k -> 200k ->2 million -> 20 million -> 200 million etc. 3- Don't allow Pessimistic attitudes towards money cloud your judgement - instead ( optimism + long time horizon = rational mindset & reveals more opportunities) 4- Acknowledge to roles of luck and risk in your failures and successes & try to avoid emulating the successes of extreme cases that involve a lot of luck.

[@DAYSHIVANSH]

19:24 if you don't extend your goals what you gonna do?

[@DAYSHIVANSH]

I don't agree with that

[@gadex3947]

What you did there isn't compounding though. According to what you're saying, it should be: 2*(1.1)^20 which is about 13.455 in 20 years.

[@jena.mw48]

Seems like a book w/ quite basic info to carry that title.

[@bunschhean]

Best channel I've ever seen on KZbin ❤ I hope to see more content related to financial and investment 🙏🏻 I really really appreciate your efforts ❤

[@mediaacoproductions9574]

Amazing Video, thank you for creating it and making it available to the audience for free.

[@WealthSpot..]

WOW! I would really like to be able to do something close to that one day. Your content is simply incredible!!

[@user-ny5xe2hx7t]

Most rich people stay rich by spending like the poor and investing without no stopping then most poor people stay poor by spending like the rich yet not investing like the rich but impressing them

[@AnaOliveira-io1hx]

You are right.!

[@AnaOliveira-io1hx]

That is why I had to start forex trading 2months ago and I now am making benefits from it..

[@LarsVanVeen]

Naturally, there's a lot of math involved in forex trading. but this is often presented in forms of daunting technical charts, indicators, patterns.

[@KadreYilmaz]

Trading systems allow you to limit the factor of emotional influence on decision-making, as well as to give the trade a certain degree of systemic character.

[@AlecDupont]

I’ve grown so much in forex through the mentoring of Shanita Creswell

[@iimJacKaL]

This is a really great video with nice visuals and good explanations. Thank you! Definitely gets the adrenaline pumping to get back on the grind

[@victor_lu]

This video is a pure masterpiece.

[@praveenkumar-nh1eo]

This is the best video about this book, explained concepts with great animation and great explanation and skills to simply ❤ great work

[@user-cw6gn9dh3f]

Wow, this 20-minute of 'Psychology of Money' was an absolute gem! The way you distilled such profound insights into such a concise video was truly impressive. It's like a crash course in the psychology of finance, and your presentation was engaging from start to finish. Kudos to you for creating this amazing content!

[@hassamarif]

first of all Welcome back dear

[@wagenna]

Excellent summary, thank you!

[@tishadin752]

Great video. I will be forever grateful to you, you changed my whole life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you katrina susan

[@Joelgarcia47]

Wow. I'm a bit perplexed seeing her been mentioned here also Didn’t know she has been good to so many people too this is wonderful, I'm in my fifth trade with her and it has been super.

[@JamesRandle5]

She is my family's personal broker and also a personal broker in many families I'm United States, she's a licensed broker and a FINRA AGENT in United states.

[@anitalawrence2668]

Really you people know her? I was even thinking that I'm the only one she has helped walk through the fears and falls of trading.

[@benroland3652]

I'm new at this, please how can I reach her?.....

[@tishadin752]

SHE'S MOSTLY ON TELEGRAMS, USING THE USERNAME

[@stevensmiddlemass2072]

I would be retiring or working less in 5 years, and I'm curious to know best how people split their pay, how much of it goes into savings, spendings or investments, I earn around $250K per year but nothing to show for it yet.

[@Curbalnk]

For a successful long-term strategy I recommend you seek the guidance of a broker or financial advisor, Who will advise you buy stocks with market-beating yields and shares that at least keep pace with the market for a long term.

[@colleen.odegaard]

my partner’s been considering going the same route, could you share more info please on the advisor that guides you.

[@colleen.odegaard]

Thank you for this tip , I must say, Monica appears to be quite knowledgeable. After coming across her web page, I went through her resume and I must say, it was quite impressive. I reached out and scheduled a call

[@stanleywoodley3815]

Great info. I enjoyed this all the way through. Thank you !

[@ninadwrites]

What an excellent summary! Love it

[@lorenzomontano875]

Blcktken300 will blow up at any moment 😥

[@moodymoe100]

This video is very well-made . I was hooked throughout it !

[@yohanliebert03]

This book really changed my vision on how money works.

[@arcanlia.salorfel]

I was about to buy this book, but thanks to this video, I'm positive that the reading starts today. Thanks for such an amazing headstart!

[@tizafilms1245]

your videos are the BEST videos on youtube! thank for creating and hardwork.

[@lucustyson-rk8cb]

well informed peeps know that at this point instead of waiting for stocks to crash or recovery, focus on how to profit off the current market, Bloomberg, WSJ, BBC business(just to mention a few) have been recording cases of folks averaging 350k in 12weeks, so there's money being moved around if you know where you're looking.

[@marcusjim-yi3re]

-perfectly said! I've been studying and researching a whole lot lately so I don't miss out on any opportunity.

[@ronaldreagan-fb5ue]

It all boils down to technique, the downtrend leaves room to key in on the market and grow-substantially whether in the long or short run, it's only just easier to make profit when the market is green, a downtrend provides an equal high-yielding avenue if you have the requisite set of skills and knowledge, reason I've been using an investment-adviser to scale up in this hard time, only way I was able to raise up to six figures amount in the last 6months.

[@smithmikey-uh7qs]

Definitely they are very effective if you happen to cross paths with the right one ...They are solid at their jobs, I had the opportunity of working with one in the past and it was actually immensely helpful.

[@marcusjim-yi3re]

Mind if I ask you recommend this particular coach or adviser you use their service?

[@smithmikey-uh7qs]

@@marcusjim-yi3re oh it's Olivia Lyla Kennedy, she is the coach that guides me, you probably might've come across her before, she's quite known in her field, search for her on the web

[@aprilaustin4103]

*I wasn't financial free until my 40’s and I’m still in my 40’s, bought my third house already, earn on a monthly through passive income, and got 4 out of 5 goals, just hope it encourages someone's that it doesn’t matter if you don’t have any of them right now, you can start TODAY regardless your age INVEST and change your future! Investing in the financial market is a grand choice I made.*

[@RobertDavid212]

Investing in many sources of income that are independent of government paychecks is the prudent thing that everyone should be thinking about right now, especially given the global economic crisis. Stocks, forex, and digital currencies are still good investments at this time.

[@ChristineElliott-jw7cn]

Sure, investing is essential for maintaining your financial stability, but making any kind of legitimate investment without the correct advice of a professional can result in a significant loss as well.

[@BradleyRaiph]

It's really not easy trading this market. I read a lot of books, tried to study, watch some tutorial videos, did a little demo before funding my account and I still lost a lot. The financial market could be very tricky

[@PatriciaMary11]

wanted to trade, but | got discouraged with the market price fluctuations~>

[@johnwilliam8061]

Trading under the guidance of a professional is the best strategy for beginners.

[@abhijit0012]

Man, the animation is cool and the sound is so clean. KZbin needs quality videos like this

[@AustinMathias]

Great video. Ordered Morgan Housel's book and can't wait to read it.

[@mr.pov.mp4597]

Its been centuries, the legend came back, we missed you

[@nattybynature1262]

This was such a good watch. Definitely subscribed and looking forward to more!

[@abdulazizakanbi1119]

Thank you so much for putting your energy and time to educate us 👏👏

[@MichealTanner141]

Creating wealth and financial freedom isn't as tough as many people believe. Building wealth and remaining financially stable indefinitely is a lot easier with the appropriate information. Participating in financial programs and products is the only true approach to make a high income and remain affluent indefinitely...

[@Seanmirrer]

It is always good to have a financial plan. I work with a professional planner and fixed-income strategist in NY. 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.

[@allympili3437]

I couldn't agree more. Taking charge of your life and putting in the hard work is the path to success. Having a portfolio manager like Mr. Samuel Peter Descovich is a game-changer. Their expertise and guidance can truly transform your financial journey. Making $35,000 in profits each month and saving 70% of that is quite impressive!They save you time and provide valuable insights that lead to impressive profits. Keep up the amazing work, and enjoy the fruits of your labor..

[@GaryWinstonBrown]

I've shuffled through a few experts in the past, but settled with SAMUEL PETER DESCOVICH. The strategy he use is recession-proof, more specifically profit-oriented , and most likely, you'd find his basic info on the net, he's a renowned advisor.

[@Ashleycorrie8494]

It’s unfortunate most people don’t have such information, I don’t really blame people who panic cos lack of information can be a big hurdle. I’ve been making more than $65k passively investing with Samuel Peter Descovich, and I don’t have to do much work. It doesn’t matter if the market is crashing, I will always make good profit returns.

[@RandalHebert]

I have turned over more than half MILLION working with SAMUEL PETER DESCOVICH on a wide array of options and finally sticking to a few that have been favorable in the past 2 years.

[@micheal_mills]

The 1% of rich people think of how to invest their money to increase their wealth during the recession. While 99% of struggling hard-luck people think of how to survive without food and daily necessities in the recession and the coming hyperinflation.

[@Jessicahensley.]

I think investors should exercise caution with their exposure and exercise caution 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.

[@AbdoolLogodesign]

​I have come across him already. Yea I was a cook for 4 years and was going to start school to become a full chef and then the pandemic hit literally a week before classes were supposed to start. So yea being in the hospitality industry I lost almost everything. So I had to start over. Things changed when I came across Chris Ryan Stewart who is a disciplined trader. I have been able to make profits consistently. This pandemic helped me take my finances more seriously.

[@ilyaveysman.]

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

[@AbdoolLogodesign]

I personally have my portfolio overseen by California-based wealth advisor and fixed income strategist at that 'Julie Anne Hoover' well established and you'd find her professional bio on the net. However I suggest you look closer to home, sometimes to move certain amount of money I am required to be in California.

[@ilyaveysman.]

@@AbdoolLogodesign Insightful... I curiously looked up her name on the internet and I found her site, which I reviewed and went through to learn more about her credentials, academic background, and employment. She has a fiduciary duty to protect my best interests. I sent her an email outlining my objectives and also booked a session with her; thanks for sharing.

[@gabitrabajhos]

What a such video, its production is awesome. Thanks for fill KZbin with these videos

[@MT-zk1ou]

wow! this is just a beautiful way to explain. I really understood every thing. it is very awesome. keep up the good work

[@humaysworld2506]

Besides everything the motion design of this video is ABSOLUTELY EVERYTHING! I watch it a couple of times for different reasons every time haha, brilliant content!! Love love love! ❤

[@Najobajo]

Nice. Almost clicked out if I didn't read this comment 😅

[@mattwash5338]

Step 1.) have money

[@galaxyofmine]

So true lol

[@mattwash5338]

@@galaxyofmine hardest part

[@krankinkogs]

@@mattwash5338 its easy if you have money😂

[@andrelima7062]

So, you haven't learned anything from this I see...

[@black.sasuke.uchiha]

I saw the video about mind traps. I’ve now watched this one. I know it’s the last day of 2023, so I’ll go ahead and subscribe! Keep it up!

[@DasKarma85]

please more of this! Love it

[@HeisenbergFam]

6 months later and this man finally came back with the milk

[@odetteledasnow4761]

I love your videos. I know you've put a lot of effort into them. They're great and that is why I'm okay with waiting. You present it really well. What is shown visually is great too and I think they have a greater appeal to the younger generation compared to other videos. You're doing a great job. All the best wishes

[@InnocentinnoraPhiriHTML]

I gree with you, He is the best 🤝

[@anupthacker8468]

Indeed true

[@masternobody1896]

knowledge

[@n2bfw884]

I love the visuals.

[@Salman_Alabd]

A very high quality video. Respect

[@naimulislamullas7855]

THIS KIND OF CONTENT! MY GOODNESS💖💖

[@mikaelrutherford1507]

If you wanna be successful, you must take responsibility for your emotions, not place the blame on others. In addition to making you feel more guilty about your faults, pointing the finger at others will only serve to increase your sense of personal accountability. There's always a risk in every investment, yet people still invest and succeed. You must look outward if you wanna be successful in life...

[@Guillermo535]

The first step to successful investing is figuring out your goals and risk tolerance either on your own or with the help of a financial professional but is very advisable you make use of a professional

[@Mohammedyusuf668]

I trade as a side hustle while keeping my job. I'm tired of trading in losses myself. I've blown my account twice and it's frustrating. I see people making a living out of trading and I want to do the same. Please I need help can someone teach me how to trade?

[@FlorianGeerts]

the market is profiting if you are using a good broker or account manager to help out with trades or provide signals

[@PatriciaGabrielaTorres]

I'll recommend Expert Mrs. Theresa Walton to you. She's the best I've seen. She trades my fx account and makes me good profits weekly

[@muhammad72673]

So you guys know her too?... Wow, she made me have my own house and car. She is awesome

[@shreyashachoudhary480]

i've read this book, but still this video has a lot of things for me. great content!

[@smartmoneycat]

This was done so well

[@BateserJoanne]

Having harbored financial concerns throughout my entire adulthood, it's intriguing to watch this video and recognize the potential for significant achievements with proper goal-setting. Experiencing the freedom of not being consumed by financial worries that haunted me for numerous years is genuinely liberating. I believe this is the outcome of consistently putting in diligent effort for the future.

[@VickyAlvy]

Since my business's inception, my financial advisor has skillfully managed stock transactions in the dynamic market, leading to substantial portfolio growth exceeding $820k in just over a year.

[@VickyAlvy]

Stacey Lee Decker ,my advisor possesses extensive qualifications and industry expertise, particularly in portfolio diversity. Her valuable guide is recommended for navigating financial complexities. Explore her credentials for insights.

[@AlexanderDanielley]

She seems quite knowledgeable and well-educated. I just Googled her name and found her webpage. Thanks for sharing!

[@somenmaji7078]

The points are really well presented.

[@chanakarnniyornram6133]

Thanks for creating this video. This was both fun to watch as educative

[@ipboyles]

I enjoyed every minute of your video and I have learnt a lot in just 20 mins thanks ❤

[@ShreyaShah-vt6xe]

Loved the video. I have learned and retained more from the visuals and the video than by actually reading the book!

[@TinaMyles]

Getting money is an issue that everyone has in other to live a better and more luxurious life. Life was difficult for me until I began investing in dividends growth stocks, ETFs, bonds and digital currencies. Now I’m earning a lot of money even with the current trends happening in the financial market, I still make huge gains using a better strategy.

[@artpreo.travel]

Great video, thank you for making it! Now I can focus on other books in my booklist ;)

[@mohamedzeineldin3847]

This video is pure gold!

[@TradersSB]

wow, those were enlightening 20 minutes of my life! thx

[@jeremiahwilliams5747]

definitely agree about 'the freedom to do what you want, when you want, often more valuable than any material possession'.

[@Nyvds]

Thank you so much! i learned a lot from this video

[@saying...]

This is simply one of the greatest books on money and investment. Great video. Keep posting.

[@tiwariabhinay868]

Congrata for 1 million subscriber,, your every video is very crisp and loads of info ❤

[@escaping.ordinary]

Thank you so much 😀

[@Discovery.specimen]

​@@escaping.ordinary Bro when will the next video come I a wating... Love your videos

[@Dev-rm8wq]

What a great video content and editing. It gave me a fresh outlook, a new angle to look at finance

[@meehaw11]

It's interesting how most of these insights also apply to personal development and love life

[@mylifemyandroid1550]

Bro… Keep Posting, We are there with you 🫶🏻 Love from India 🇮🇳

[@nanomia]

who the hell is your editor or motion graphic? that's a masterpiece honestly I have difficulty focusing on long videos yet i have no problems focusing on this video! amazing work 👏🏼👏🏼

[@mohammedmishalmishal7417]

I need this editor fr.

[@joshuaedward6893]

wow i really love your videos, the infographics really keeps my attentions. i got a lot of notes form this video.

[@karabomabote4801]

This was surprisingly incredibly philosophical.