The Richest Man in Babylon - Best Ideas Summary

[@luiscaminero9145]

Huge tip: if you are still living with your parents please make an effort save more than 10%. I know most people just want to party and spend their money when they are young but from what I've learned, the earlier we start the more drastic is the effect of compound interest. I am 20 years old right now and I am able to invest more than 50% of my income.

[@lawrencekoh]

WHATS APP KOH +(65) 9433 3363

[@phuccoiinkorea3341]

Cool

[@MrWaheedulHaque]

Im from uk, i have been contributing to my isa yearly since age of 14, im now 21, i now get 20k a year tax free income paid monthly and growing 😍

[@hectorgarza8540]

Put some money on the street and make more interest. But trust is key.😎

[@derrickpigatt6883]

That’s so true, I wish I helped myself a little more when I was that age. But I making huge progress now. Keep up the good work!!

[@DecodeChannel]

*Video summary* The 7 simple rules of money: 1) Start thy purse to fattening: save money. 2) Control thy expenditures: don't spend more than you need. 3) Make thy gold multiply: invest wisely. 4) Guard thy treasures from loss: avoid investments that sound too good to be true. 5) Make of thy dwelling a profitable investment: own your home. 6) Ensure a future income: protect yourself with life insurance. 7) Improve thy ability to earn: strive to become wiser and more knowledgable

[@WarrenMarshallBiz]

A summary of a 5 min video that is, itself, a summary. This is why people need financial advice - they have the attention span of a fly. :)

[@lordz00]

@@WarrenMarshallBiz A summary of 1 minute of summary and 4 minutes of ads.

[@jabibgalt5551]

Loved how you used the "thy". Thanks for the summary.

[@ronyantoun3294]

@@jabibgalt5551 "thy" and all these sentences are used in " The Richest Man in Babylon" book :-)

[@panedole]

Cheers for this, I been tryin to find out about "best seller finance books" for a while now, and I think this has helped. Have you heard people talk about - Hiyogan Jenhloe Domination - (should be on google have a look )? It is a good exclusive product for discovering how to gain the mind of a successful millionaire minus the normal expense. Ive heard some great things about it and my mate got excellent results with it.

[@ivanljujic4128]

I just wanted to thank you, because ever since I started watching your videos, and implementing tricks into my life, I started feeling more confident. Not only that, but they helleped me get over my depression. Ik this is kinda off-topic for this video, but I really felt a strong need to thank you :)

[@waynedonoghue4071]

The Bitcoin part aged well 😂

[@KulwinderSingh-hm7zi]

Lot of ppl like that didn’t listen in 2012-2013. Haha

[@EverguardVPN]

Zoom out 🤣

[@menu997]

He just said invest in what you are knowledgeable, that’s it, I think this is legit

[@johnrichards1579]

🤣🤣🤣

[@YTUserOnYT]

@@KulwinderSingh-hm7zi he’s not wrong though. Yes bitcoin is proving to be one of the best investment opportunity there is but bear markets cause the average person to panic and sell. Without knowledge of how the market works losing 40% of your investment in a few days can cause you to panic sell losing you money. Repeat this and you can lose all your capital or close to it. Only invest what you can afford to learn and only invest in things that you’re knowledgeable in.

[@ravyo8821]

3:22 "Translation: You should buy video courses too, my video course"

[@deardoherlambang108]

Lol

[@xho2010]

That was smooth ngl

[@TheSwedishInvestor]

Great video! I like that you emphasize that for some people it might be easier to cut expenditures than to increase income. A lot of wealthy people will promote the latter but it might be easier said than done in another persons situation. What I miss in this summary would be the advice surrounding seizing opportunities and taking action. If you would like to hear more about these tips, feel free to watch my top 5 takeaways from The Richest Man In Babylon on my channel.

[@Workerbee2024]

The Swedish Investor Saw your video a minute ago - very good too

[@dipandas1687]

Btc is the future, and everyone should learn this technology, always keep learning...

[@granthiggins3492]

I’m glad that you’re helping others grow. It’s really encouraging to see.

[@justlearnbitcoindotcom8645]

Bitcoin doesn't get hacked. Exchanges (websites get hacked.) That's why you keep Bitcoin in cold storage, AKA a hardware wallet and not on an exchange which is a website.

[@Lawgiver19]

Couldn't agree more! I can't wait for what life brings!

[@modernvintagelifestyles]

So what did life bring since you saw this video?

[@kianhughes6309]

@@modernvintagelifestyles A worldwide pandemic I guess

[@dreamrunner4680]

I'm using Grant Cardones strategy, I put aside 40% from each of my paychecks and am living below my means until I have enough for my 1st big investment. I realize that this might be aggressive for most people, but it showed me actually how many unnecessary things I was spending my money on. Maybe you can afford to save 30%, or 20%, but 10% is really low. Bigger the pain, bigger the reward guys! Make the habit of paying yourself first because you deserve it, and cut your losses and unnecessary expenditures.

[@cyberhero10]

Great book and great video as usual Prac! Just bought your course and I love it so far!

[@Delgado587]

My life changed dramatically after reading that book a year ago 😊 🤗

[@PramodShetty]

how is life now? Are you rich now?

[@Delgado587]

@@PramodShetty not rich yet but prospering, thanks God Im debt free and investing in myself.

[@PramodShetty]

@@Delgado587 that's the worst mistake I made. Bought a house and it eats up 1/3rd of my monthly income due to debts

[@SgtCrypto]

Bitcoin is a about financial sovereignty and not being dependent on the government or banks to bail us out if something goes wrong. So to answer your question. Yes!! You can insure your BTC (bitcoin) by keeping it yourself.

[@rasifrana]

And its not hackable if you hold the private key

[@jabibgalt5551]

Hodl them Bitcoins.

[@subscribefornoreason7390]

Sgt. Crypto , since you are knowledgeable about Bitcoin then for you it is a good investment.

[@isaivalvidares5207]

Yesss🙏🏽🙏🏽🙏🏽

[@Fit_girls]

This aged well

[@FernandoOrtegaJimenez]

My trading journey was a matriculation of highs and lows, literally just like the market. you up, you down. Now I'm constantly up.

[@Mack697]

Over the past 5 years, buying Bitcoin every week performed better than timing the market 86% of the time.

[@GeekyMino]

This is one of my favourite books and I did a summary few monts ago. I am glad do see that you choose the same ideas! Good job😊

[@AliexFolgueira]

Can you do a series on how to youtube youtube?? Like a dedicated few videos serie?

[@SoulPapiii]

Nice and FAST very informative Wish school.was like this

[@SoulPapiii]

🔥🔥

[@SoulPapiii]

🔥🔥🔥

[@SoulPapiii]

🏁🏁🏁🔥🔥

[@NoW_Is_TimE]

Just two days after this video was released Bitcoin hit its All-time-high. Just saying.

[@rakeshraveendra7411]

Theodore, your 27 confidence hacks are awesome , you are a master of knowledge !!! Thank you so much #waitingforgiveaway!!! Lots of love from India !! Keep guiding !!!

[@MrMisanthrope_]

Can you include a conclusion or summary at the end of your video or in the description.

[@laura7visionmission]

I absolutely enjoy your content so easy to comprehend thank you

[@savorwithdmurph1113]

Great video! I'm reading through the Richest Man in Babylon and was thinking I need a quick overview of the whole book. This was super helpful!

[@teandreahood9231]

DMurph & Pri-Pri same here lol

[@johnwest3518]

1.Save at least 10% 2.control expense (track/manage money). 3.Invest where knowledgeable (where 10 years?) grow net worth with skills. Successful investor 4.keep learning (coursetop 10%). Test, experiment, grow, learn. Years ahead. Buy video courses 5.Gueard money from Fatal loss. what Insurance insure your invest? 6.Set up passive income (4 hour workweek). Money continues to be made when you are doing other things.

[@Technolike]

1) Keep 10% 2) Control your expenses 3) invest in places you're knowledgeable 4) keep learning 5) guard your money from fatal loss 6) set up passive income

[@kg7yts187]

Read this book... it (and Dave Ramsey's Financial Peace University) saved my financial future... I have been following the tips and am on the right track to have a debt free life.

[@rosam853]

Thank you for the great videos you make, looking foward to the academy launching!

[@AfterschoolPsychology]

Interesting to see different views about crypto-currency. I'm still leaning on to the potential of bitcoin. It might not replace fiat but surely it will change the face of currency in the near future. Anyway, great content as always, raw and on point!

[@freedomfunwithjlbfriends7193]

GREAT ADVICE, THANKS..

[@RyanWilsonPodcast]

Awesome Video! Loved it and working on it myself!

[@mazichibuezeibemesi3799]

don't talk about Bitcoin if u don't understand it are you in control of your currency, Bitcoin has limited supply but your currency can be printed any time when supply is bigger than demand what do you think will happen.

[@micljbitty]

Exactly! Instead of talking shit about something you don't understand, why not educate yourself on the subject and see its value. Imagine if all the investors who had faith in the idea of the internet back in the early 90's simply didn't invest because all that 'computer stuff' sounds too complicated. Vast wealth was created during that time because people could see the big picture and how the world was changing. The next big wealth transfer is going to be Blockchain/Bitcoin/Cryptocurrency. The world is going digital and paper money will soon be extinct. Stay away from stocks if you starting out. The market is designed to take advantage of the little guys, plus the market is due for a MAJOR correction or crash.

[@harissaif3236]

Bitcoin is suppose to be used in exchange of goods or services but that use is somewhat limited and instead people are betting on demand and supply of it in the market. for example if you are selling a watch, first of all it should tell me the time (correct or incorrect) and then i will decide if it is worth buying at what price. I cannot determine its price by how many people are interested in buying your watch. Thats the problem with Bitcoin and people thinking they are "investing" but infact they are speculating.

[@mazichibuezeibemesi3799]

Haris Saif bro holding fiat currency is more risky than holding Bitcoin due to the inflation that is been cause by the federal reserve and our banking system

[@harissaif3236]

@@mazichibuezeibemesi3799 I totally agree with you brother. Just have 3 months of your salary as savings, just in case. Anything on top of that, invest it somwhere so your money start working for you and keep reinvesting its dividend.

[@AHaugaard]

"The man in richest Babylon

[@ChildRapist]

CLOROX BLEACH r/dontdeadopeninside

[@muehlbaueralex]

CLOROX BLEACH came here for this 😂

[@aprilroseexaltado6389]

You have a lot of potential! ✨

[@alfredosantos142]

I have the audiobook from audible but is too fuc..g boring to listen to it, your video is pretty straightforward and entertaining, thanks for uploading this.

[@vonmueller8249]

I mean technically you can put your bitcoin in cold storage I'm pretty sure... so yeah... you can protect it

[@bambamgolf]

Von Mueller for sure, he obviously hasn’t studied it

[@ayushmaniar9011]

Is this is a sarcastic comment I am supposed to laugh at or are you waaay too dumb

[@chriss4365]

Bit coin is weird and im surprised the Govt has not shut it down as only the dollar is legal tender.

[@phillipalexandermusic]

Thanks for that interesting video!

[@Alanfinitey]

I love this kind of summarised knowledge

[@chinorrata]

I’m a bitcoin investor so let’s give y’all a little help - To understand bitcoin and the Tech behind it, the book “The internet of Money” is a must. Search for “Andreas Antenopoulos on KZbin. - You can’t hack bitcoin itself nor the blockchain, that is a misconception. You can hack the exchanges they get traded on. To understand this you first need to understand the concepts of private keys and public keys. - Yes,there is a place where your BTC are secure, you can use either a hardware wallet or a paper wallet. One of the reasons why Bitcoin is amazing, is because it is so much more secure than fiat currency. To understand this, first learn how mining works, then compare the system with the bullshit fractional reserve banking.

[@TheMindofRa]

then again you understand HOW bitcoin works and thus are able to make an educated decision to invest in cryptocurrency. So you indeed are following the rule of investing in what you know.

[@chinorrata]

TheMindofRa Yes, and I totally agree with that statement. That’s why I’m giving good source of info and concepts, in order for you to understand bitcoin

[@chinorrata]

One more thing. Most people does not understand how fiat money works. So people are indirectly investing in something they don’t know by saving money. If your using a bank to gain interest, you barely get any real gains because of inflation. I’m not against saving whatsoever. What I’m saying is that, if you are gonna save, do it on a currency that gains value over time. Bitcoin uses a deflationary system instead of inflationary.

[@CurtisGBlack]

hey i loved your content. I'd like to have your permission to use this video in my financial education program?

[@rakeshraveendra7411]

Amazing ideas ; I need to work on 2nd idea first !!

[@Spreadthep0sitive]

Great video. I'm currently reading the book and this is a nice animation to go along with it.

[@eloisaodiadamusic]

Hey thanks! More power!

[@EvangelistRBColbert]

I am reading George Clason's masterpiece, The Richest Man in Babylon! I bought it from Barnes and Noble today!

[@MennoTabbernal]

Great video😊

[@dragossuciu3476]

Thank you for this video!

[@Striveofficial]

Awesome video as always! Hope to be as big as you one day.

[@hewer6235]

I have something amazing to share with you, and best of all you can download this for free right now and use it to FORCE the universe to give you your DREAM life > t.co/1kZXU7UqYV?money

[@axalissuintoyr4107]

+Practical Psychology Excellent Video clip! Excuse me for the intrusion, I am interested in your opinion. Have you researched - Saankramer Earn Infinity System (do a google search)? It is a good one of a kind product for unlocking the combination to success without the hard work. Ive heard some unbelievable things about it and my m8 got astronomical success with it.

[@mimiorbe8273]

Thanks for the video content! Apologies for chiming in, I would appreciate your thoughts. Have you tried - Saankramer Earn Infinity System (just google it)? It is an awesome one off product for unlocking the combination to success without the hard work. Ive heard some great things about it and my work colleague got great success with it.

[@thriftingfindsph9287]

Practical Psychology Nice Video clip! Apologies for the intrusion, I am interested in your opinion. Have you researched - Saankramer Earn Infinity System (do a search on google)? It is a smashing one off guide for unlocking the combination to success without the headache. Ive heard some awesome things about it and my work buddy at very last got excellent success with it.

[@johnp8487]

Nice video content! Excuse me for chiming in, I would appreciate your initial thoughts. Have you ever tried - Saankramer Earn Infinity System (search on google)? It is an awesome exclusive guide for unlocking the combination to success without the headache. Ive heard some pretty good things about it and my work buddy at last got great results with it.

[@younesmrabet9671]

I strongly agree about investing about things that you know. I spend $3000 but I only now have $1000 worth but o won’t sell it. Either get my money back or extra or lost of it

[@cameronalexander359]

Invest in what? Is there any investment that is keeping up with or exceeding real inflation (i.e. not Govt posted figures on inflation?)

[@bottledoo3639]

Cameron Alexander check out Dave Ramsey, he’s the financial guru

[@Bigsexymccorkle]

You need to take a course on delivering what your headline promises instead of using it as a time to talk about how great you are

[@WalayatFamily]

Bitcoin now $55,000 imagine if you had NOT followed this CLOWNS advice, and bought bitcoin you would now be rich!

[@jesusnavarro5456]

bitcoin is just under 30K, just proving this guy is not a clown LOL. Could it go back up sure, could it go down, sure. No one knows where it is going and we can't control (kinda his point)

[@roland2520]

This is dumb: Knowing how Bitcoin works perfectly (your 10% percentile) does not create any advantage as an BTC investor. It's knowing enough about BTC, economics, social behavior, risk, your own psychology, etc. etc. plus courage to action and discipline that makes you a good investor.

[@farhadpza]

wow thanks for video

[@sandeepsandhu7651]

Good video. Also, the music is really catchy haha

[@naughtypleasure8712]

Hey man can you make a video on self disciplines about creating a daily healthy routine which can benefit in a long run both financially and health wise.

[@1luv4j]

Learn to flow with intuition of true self worth. Control is a con (artist) trol(l) who charges taxes. So flow even business. Instinct is best insurance. Always have 10k for insurance not pay premiums that only give 3/4 back.

[@InvestingBookSummaries]

Great video from a fellow content creator!

[@AnilKumar-M]

*This is a great video Buddy*

[@jairomercedeslugo4142]

thanks for video like this one man ur awsome

[@Mictesting2233]

Hi what is the program you use for the making of the video

[@Tamara165able]

So I’ve read the book and I have a lot ideas for the future. My only issue generating income now like how can I turn my 10% of income into my “slave”. I started to invest in a monthly ETF, I’m only spending 70% of my income on bills and food. I brainstorm everyday but I can’t come up with ideas the short term but I can with ideas for the future. I need a mentor.

[@johncabrera9954]

Great info!

[@easyologist01]

Great video. You got a like and a sub. What whiteboard software do you use to make your videos?

[@shylarose6925]

THANK YOU

[@rudyhernandez7996]

I'm reading this book at the moment

[@pierregustave4031]

I hope you’re knowledgeable about Bitcoin now.

[@Workerbee2024]

Omg I came here to ask same thing as I literally watch Doge race up today too haha

[@akjoseph15]

Great video one thing I will like to add there are ways you can learn how to make your money multiply and there are courses that help you earn while you learn so you can increase your income multiply your money and as the book say start the purse to fattening

[@thewayofpeace814]

I sure hope you got more from it than that. Dont manipulate, work with.

[@JamesMantis]

I'm subscribed to your channel to see content, not advertising.

[@prockstem]

Impressive. For the T-shirts you could use Printful.

[@mastersofpublichealthforbe726]

Very informative

[@shawarmageddonit]

Watch on 0.75 speed to be able to keep up.

[@trondtetland1968]

Love that you started With the intro and outro song again

[@dhb306]

How do you make passive income

[@checkmeout215]

On point!

[@RJandCharlene]

The Man In Richest Babylon

[@gflanguagecenter4502]

You are a great man.....

[@miaw2385]

omg i needed this right now

[@ricotheweddingsinger]

yeah same here

[@KulwinderSingh-hm7zi]

Those hacks were not hacks of BTC, they were of 3rd party services built on it.

[@susn7412]

Nice video but is bitcoin actually mentioned in the book?

[@AhJodie]

Ahhh, thank you

[@ipsaggrawal]

I want to learn how this video is made... The Sketch and steps moving with the dialogues..

[@lyonnguyen3353]

I just finished the whole book it's good :)

[@fortysevenstar5330]

Thank you your all video is perfectly.

[@Ajebeyer]

hey, man! great video.

[@utkarshkumbhare]

hi thnx for videos.. i'm really taking interest in psychology and human behavior just for fun. can u suggest some books for that :

[@latestinsa4801]

What is the name of the song playing in the Background?

[@beyourself4996]

Awesome video

[@martinesejour3361]

Managing your money is a great skill to have. Saving 10% is also a phenomenal idea. You need it for emergencies, financial freedom and security. But the challenge is, while you save to make sure not eat off someone else's plate. And if you're extremely wealthy are you giving 10% to make an impact on other people's lives?

[@Aoriun]

Investing comes at risk, regardless of where you put your money at. There is no guarantee return. It is about managing risk to the minimum what makes an investor successful. I am a big fan of cryptocurrency and you just threw people like me under the bus by defaming bitcoin, though I respect your opinion and love your channel, I would suggest you and everyone else who reads this to inform yourself about the blockchain technology. All the big ideas that changed our lives took time to be adopted and implemented because of the "fear of the unknown".

[@haris000000]

Andy Paul consider the possibility that you are experiencing confirmation bias. You are so in love with the story surrounding blockchain you fail to see the psychology behind it. Blockchain could be awesome, but that does not negate the fact this has all the hallmarks of a buble. When schmucks who are clueless about cryptocurrencies are putting their money in then you know its overhyped. Plus compared to newer coins bitcoin is like the model T of the crypto world ... yet its most valued. How does that make sense. Some coins are more efficient and faster yet are worth a fraction of Bitcoin. That tells you the price of bitcoin is largely made of hype and perception. Thus will crash within 2 years.

[@Aoriun]

haris000000 most likely it will and i agree with you for the most part. Yes, my opinion is biased. However my post was intended merely with the purpose of encouraging people to inform themselves rather than advising them to invest on it.

[@MrWaheedulHaque]

@Sergio Aguirre lol bitcoin nearly crashed went from high peak of 20k to being valued at just 2.4k 😂😂😂

[@EdkLT]

So... We must have savings to have posibility to invest 10% of them in "early bitcoins" taking risks to lose it without butthurt...

[@derrickpigatt6883]

Hopefully that stuff goes back up because I have money it some of those currencies

[@ShyamTamangAmbassador]

Great

[@nh4820]

Is life insurance a good place to put your money?

[@MontainGoat-AT]

Interesting topic i quite like the ideas behind it. But i must disagree on the Gambling part, if gambling is what you are knowledgeable about, then it is quite a good choice of income. I made most of my money by hitting the casino at least once a month, if you know how to play it's hard to loose. Especially for Card-Games

[@shailendersingh9252]

yes

[@victorashul]

HEY! About your FACEBOOK ads: watch the video from "Veritasium" that is called "Facebook Fraud" and see what you get for what you pay :)

[@sricharankondru6775]

Did u learn how bitcoin works??

[@WalkableWe]

please expand on passive income and how much u earned from it.

[@alectuckerteachesguitar229]

Will the group course have chat and forums?

[@CREATORWORKSINFINITE]

Where did you get that statistic from the most people don't know why they're investing in Bitcoin?

[@nghnino]

In summary these are rules how to become free...….financially