THE WEALTHY GARDENER - SUMMARY (BY JOHN SOFORIC)

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John Soforic retired at 49 with $20,000 per month in passive income. No, he didn’t inherit the money, he didn’t win the lottery, and he wasn’t a super-talented and good-looking football player. He did something much more mundane, yet something much more reliable for ordinary people like you and me. He made good financial choices and had a disciplined mind. John wanted to teach his son the lessons he learned along the way, and instead of just telling him about it, he portrayed his teachings in a book with stories revolving around the fictional “The Wealthy Gardener”. The reason why he picked a gardener is to showcase that this path does not only exist for the chosen few - it exists for you, for me, for everyone.
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📈 For my private stock portfolio & revealing insights into my investment strategy, head over to: / theswedishinvestor
🔍 My main tool for fundamental screening and analysis of stocks: app.tikr.com/register?ref=tsi
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Timestamps for The Wealthy Gardener:
00:00 Intro
01:02 Your Wealth is Waiting For You
04:52 From Consumer to Owner
06:35 Financial Freedom is a Noble Pursuit
09:22 Rejecting the Status Quo
10:55 Recognizing the Seasons
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My goal with this channel is to help you make more money and improve your personal finances. How to become a millionaire? There are many ways to get there - investing in the stock market, becoming a stock trader, doing real estate investing, or why not becoming an entrepreneur? But whether you are interested in how to invest in stocks or investing strategies for creating passive income with rental properties - I hope to be able to provide you with a solution (or at least an idea) here. Warren Buffett - the greatest investor of our time - says that you should fill your mind with competing ideas and then see what makes sense to you. This channel is about filling your mind with those ideas. And in the process - upgrading your money-making toolbox.

[@Memoreism]

I'm 31 and just starting to build my wealth. It's hard not to feel bored, but I guess I need to remember to enjoy the ride while I'm here.

[@ByWayOfDeception]

That feeling never goes away. I have $500K in various accounts besides other sources of retirement income. It is hard not to feel like you could be doing more than indexing, buying and holding cash flowing equities, or investing in staid real estate. With more risk, couldn't you turn $100K into $1M?! But that is the trap. "Psychology of Money" by Hausel is excellent.

[@TylerG7777]

I listened to this audiobook, twice. I loved it. I live it.

[@gpstoddard]

This channel is one of the top 5 channels on KZbin in terms of financial education. Thank you!

[@nsyi]

Could you share the other 4 :)

[@LuisIlva18]

Yeah, would like to check them out too

[@momchilandonov]

I am disappointed that he covers the fake guru Robert Kiyosaki - so undeserved! :(

[@SilverGamingFI]

​@@nsyi My top 5 (in no particular order) Swedish Investor, Plain Bagel, 2 Cents, Mark Tilbury and Graham Stephan

[@anabanosquintana7846]

The seasons concept really helped me put things into perspective. I've spent my 20's pursuing higher education. Since leaving my industry job to go chase my master's and PhD I felt like I was falling behind my peers... But I have always kept saving, I am happy with a frugal lifestyle and I started investing a couple years ago. It is reassuring to see that this is my springtime. Summer will come soon.🥰

[@randomloverboy]

This has to one of my favorite books. I’ve listened to this book about 4 times

[@neilcook1652]

Excellent advice, thanks, it’s all there for folks to help themselves, knowledge and action are freedom

[@jamesalba4182]

Appreciate all the financial wisdom and making it fun to watch

[@isaiahanderson8053]

Glad you’re back making these videos!

[@danielkover7157]

A book worth reading, but there's something I see on this and other channels that cover topics like these. The vast majority of these books and channels talk about starting in your 20s and 30s. I have yet see anyone discuss what to do if you're one of those people who missed the window. What about us? I'm going to be 46 later this month, and I still dream of financial independence, but I've definitely missed some important windows. I'm not dead yet, so I'm still fighting. Because I'm getting a later start, I have to be very careful about my goals. That part where you talk (or the book talks about) being careful not to make rash decisions because you've decided you absolutely have to be independent by a certain age definitely applies to me. I'm not entirely sure what to do at my age, though I imagine most of the same rules apply. I've already begun paying myself first, as Clason suggests. I'm trying to pay off my debts as quickly as possible. Being able to find stocks that pay dividends would be helpful, but I still haven't learned how to do that. If you, Swedish Investor, have any advice for older folks working on this, that would be great. If you know of any channels run by older investors who got a late start, would you be willing to refer me? Your channel is the first one I come to for learning and investment advice, but knowing of some channels that work with late bloomers would be wonderful. Thank you for sharing your knowledge!

[@TheSwedishInvestor]

Cheers Daniel for your support and for this question, it's a good one. I'd say that pretty much the same rules applies, except that you may have to delay "autumn" a little bit, or be even more dedicated during your "summer". Regarding dividend stocks, they are no better than stocks without dividends. It's about what price you pay for the stock (you want cheap) vs how high the quality of the underlying business is (you want high). A high quality business has a very robust earnings stream, high return on tangible assets, good prospects for growth, and a dedicated & trustworhy management. I'm not sure about any channels run by investors who got a late start, I'm afraid. I wouldn't say that it matters, though. The same rules apply - earn well, save a lot, learn how to invest. You can find most of that information on this channel, just watch these 3 playlists: Earn well: kzbin.info/www/bejne/iITEeoJ5fceoj9k&pp=gAQBiAQB Save: kzbin.info/www/bejne/pXXHhZawiduSgbs&pp=gAQBiAQB Invest: kzbin.info/www/bejne/nKvMmGqBf6uohLc&pp=gAQBiAQB

[@sprinkle61]

There is no different advice that will somehow help a forty-something person get that nice 20 K /month in passive income in the next 3 years, like the author got to at 49. The harsh reality that even TSI won't tell you is that your seasons are 'pushed'. You are starting spring planting season in the middle of summer, and if you save really hard and invest carefully, your investments might start growing good right about 5-10 years after traditional retirement time. The best outcome is that once you are forced to retire by your poor health, you will have enough investment income to add to social security to make up your former after tax income, and that is the best you can hope for. Investing your way to wealth is a young man's game, not because you have to be young, but these things take time, and time is the one thing none of us are getting any more of.

[@jacobm1190]

The best time to plant a tree was yesterday. The second best time is today.

[@bendoverson3457]

Best sponsor ever!! I’ve been following your channel a couple of years already (like many others too), I’ll be honored to get advice from you ❤

[@pratikkulkarni891]

Thank you for this summary.

[@williamkamara5034]

One if my top 5 channels on KZbin 😊

[@smegge100]

Consistency over time is the secret to success and most people can understand this intellectually. However, consistency requires you to do things when you dont want to do them. It is all about commitment and emotional balance. Not so much about intellect.

[@talosgak1236]

What has that comment to do with the video? Couldn’t write a more generic comment if I tried

[@smegge100]

The book, or video, teaches you (intellectually) how to build wealth over time with consistency. It doesn't teach you how to become consistent.

[@epicsnowleapard]

​@@talosgak1236It's a bot

[@ciaoatutti11111111]

Missed these videos.. Thanks!

[@vextracks]

Man i felt like i missed so much, i'm 24, just starting, but i'm heavily on studying right now, but i see some comments with starts above 30 years and 40 years and so, i guess i'm lucky that i got into it at 24, not so late after all

[@usr6253]

Great summary, thank you!

[@TheSwedishInvestor]

Glad it was helpful! Cheers!

[@lambo650ER]

Outstanding content! 🙌

[@njabulompofu667]

Great video as always

[@nordicexpat]

Tack igen👍👍

[@peterl6417]

Love your videos!

[@98password]

Great video, thanks

[@jordiortega4436]

Phenomenal

[@axelhaglund2076]

Not quite sure why I am writing this in english since we are both from sweden but perhaps some other viewer could answer for you. I remeber you doing a video on how you (could) sort thrue stock on ticker, on another video I believe you showed an example of how you evaluate a certain company (in "warren buffet: 12 mistakes every investor makes"). Do you think you could do a video actually showing how you perform these analysis? Or perhaps share some templet on excel for example? Perhaps I´m being cheap and should simple test out your patreon in that case feel free to berate me. Hade bäst och tack för bra genomgående innehåll!

[@robertclarkson6064]

Thanks 👍👍👍

[@lllleooosss]

Im for the freedom that comes with it but at 3:01 that sf90 looks real good

[@Kevin-sr8yx]

I know right? Might rent one for a couple days...

[@vabagas]

BEST!

[@edudand9631]

Hey! Just wanted to ask what program do you use to create those nice animations you use in your videos. Thanks for helping me out, I love your work btw

[@Animator.9888]

Hello, I am expert at making such kind of videos using videoscribe software

[@a-sf8hi]

YES!🤩😍

[@givehuggy]

this is very good

[@alla3732]

I think you should lower your expectations of your day. I used to eat out a lot, had tons of snacks and cola, Monster etc... Wanted to chill all day after work and try to do as little as possible even thinking about getting a cleaning lady with my last ditch of money. I was gaming a lot buying new games and gears, even a vr headset which is now rotting away... Slowly I stopped these habits, they slowly eat away your money. Just the food was like 25% of my income. Now im cooking healthy and eating vegetable as snacks. Now Im not only healthier and happier but I just opened 10% of my entire income to invest. Same with other stuff like rent and subscriptions. Now Im close to 40% of my income that I can invest and I even starting to work 1/2 days a week extra to invest aswell. While still staying at 0% stress, due to a slow pace of advancement. Never stop working on your life, Its like not cleaning your room/apartment/house, not bad at first but after some time it gets nasty and way harder to clean back up again. Thanks for reading wanted to clear my mind. :)

[@motphantrammoingay]

Is it possible to use whiteboard animation in a monetized way on KZbin? I'm looking to start a health channel using this format.

[@ahmed-le]

Great

[@Historyteacheraz]

Good book and nice summary. A Teenager’s Guide on how to Invest Like Warren Buffett and Charlie Munger is a good investing book for teens.

[@gaborszabo5456]

Do a video about Mr. Money Mustache teachings :)

[@donarave]

❤.. Please would u mind sharing the ai generator voice u use? ... I will be grateful if u do😊

[@peanutaxis]

Interesting. I'm looking at ways to make money in the sharemarket.

[@tegeas69]

cool!

[@BritishwarrenBuffett]

@swedish investor are you going to reload the recent video? I was enjoying it.

[@TheSwedishInvestor]

It's been reuploaded! :)

[@prasaddugyala7330]

Can you explain "capitalist manifesto" book written by Robert kiosaki?

[@TheBcoolGuy]

It really is so much like getting jacked.I am into both.

[@gtboard]

Goal is the four freedoms AND a Ferrari.

[@Jorgmiller]

I recently got into the youtube financial niche, and I’ve taken a deep dive into investing, particularly in stocks, and ETFs as they interest me. Tried several methods trying to figure out the best approach to building my portfolio. So far, I’m making progress with the help of an astute fiduciary. I’ve been able to compound over $20k in profits from my trades. Back to the video, wonderful job there, always look forward to your next content.

[@vishnusaagar6804]

❤

[@wilsonjudson1650]

I'm not kidding when I say that the market crash and high inflation have me really stressed out and worried about retirement. I've been in the red for a while now and although people say these crisis has it perks, I'm losing my mind but I get it Investing is a long-term game, so focus on the long run.

[@AimiHiroshi]

I can’t focus on the long run when I should be retiring in 3years, you see I’ve got good companies in my portfolio and a good amount invested, but my profit has been stalling, does it mean this recession/unstable market doesn’t provide any calculated risk opportunities to make profit?

[@AimiHiroshi]

I can’t focus on the long run when I should be retiring in 3years, you see I’ve got good companies in my portfolio and a good amount invested, but my profit has been stalling, does it mean this recession/unstable market doesn’t provide any calculated risk opportunities to make profit?

[@dakotadak100]

In hindsight as a 40 year old, I can say with certainty, money is the most important thing in life. I was sold into slavery by my wife and children all of whom are ungrateful. Why not free yourself from slavery to focus on your life?!

[@pch5938]

I thought this was going to be a video about growing your own food to save money and become rich.

[@umangshahi3073]

can you reupload your stock picking for your 2024 portfolio??

[@TheSwedishInvestor]

Done! :)

[@umangshahi3073]

@@TheSwedishInvestor thank you!

[@mikapugaming3957]

i miss the background music 😂

[@JBoogie1977]

5:48 $MNST does not pay a dividend.

[@BMW97WOWA]

How does it align, that he retired by 49 but proposes to live humble until your sixties?

[@kishankalariya]

Not everyone can put significant amount to retire by 49 but if you consistently keep good habits then you may financial independent by 60

[@Longtermalwayswins]

The problem is, many people dont want to live till 60 and do whatever they want when they are too old to do anything

[@phoenixmetazoa]

Well like your username suggests, thats the best case for most people. If youre too old to enjoy life, youre way too old to work

[@TalkingMoneyWithNozi]

Then those people should start investing early AND invest a very large percentage of their income to become financially independent younger than age 60. But sadly most people will NEVER do it. They will chase the good life using loans and live pay check to pay check all their lives 🤷🏽‍♀️

[@donaldlyons17]

@@TalkingMoneyWithNozi they might have to live super unrealist cheap for decades

[@290revolver290]

My condolences, i know you admired Charlie Munger a whole lot.

[@Stanley-mf6rs]

The government has really called things more difficult for its citizens, and we can't sit back and bear all the consequences of the bad governance. It's obvious we are headed for hyperinflation,it is always the poor who take the hit.

[@SuperKailis]

If you find someone to blame you never start anything, simply because it's not your fault and you don't need to change. Stop complaining and take responsibility

[@meltzCOC]

So basically you have to work your whole life to enjoy it only when your 60-65 ? Sounds redundant

[@lordoflethargy2448]

Winter: 💀

[@user-ev7vg7xb8z]

Bro you don't need money when you old, 😊

[@marcussamuel8009]

Lol wite the book good NAME and sure after u sell this book 1 milion u are not rich but super rich

[@LXBalla4414]

Monster doesn’t pay dividends.

[@momchilandonov]

If he is earning $240k a year from passive income then what is his portfolio??? Why is it so well hidden - it doesn't bring any credibility to the claims that he is rich!

[@luminy85]

i am sure the book selling is a big part of this income if not the only one

[@alarak5474]

What happened to the new video?

[@TheSwedishInvestor]

It had a sound problem, unfortunately, so I'm going to reupload it once it is fixed (probably within 12h)

[@alarak5474]

@@TheSwedishInvestor I see. Thanks for the information and responding so swiftly!

[@RalphKumara]

I have incurred so much losses trading on my own🤦..l trade well on demo. But I think the real market is manipulated. Can anyone help me out or at least tell me what I'm doing wrong.

[@charismaticmzk]

9th

[@DiRekt-id7rw]

First

[@pfesi]

Waiting until sixties to enjoy life makes no sense sorry...

[@financieramente.educados]

I think it's just a guide. You can retire earlier if you do the correct movements (and have a bit of lucky, of course).

[@KampsKnows]

Working everyday in your life until you die because you lacked financial discipline makes no sense, sorry.

[@pfesi]

I'm french and in France you can retire with a pension from 64. So waiting until sixties makes no sense at least in my country. From my perspective financial freedom should be reach way before sixties when you're sufficiently healthy to really enjoy.@@KampsKnows

[@johndonaldson8989]

just gotta determine what your spend/save balance is bro. there's a difference between saving for the future, and forcing yourself to eat out of a trashcan every night to avoid spending money on groceries. find the balance

[@TalkingMoneyWithNozi]

You can choose to retire earlier by increasing your savings rate. But most people prefer to live pay-check to pay-check and pile up debt until they can't breathe

[@danielli9569]

No wonder people on pension live in poverty

[@Gufolicious]

Im glad i did not buy the book

[@Lewiss_casual]

Me dying after owning all the shares:

[@TalkingMoneyWithNozi]

You kids inheriting them and doing the same for their children 😊

[@KenjiEspresso]

Football. 😂

[@Jonathan-ez8tq]

Income is the key, how would you possibly put money in stocks or whatever if you have no money left at end of the month ? Stock market is crap, don’t be the fool who believe he will be part of the 5% winning big. Would you pull the trigger if you had 95% chance blowing your head ? Yet you choose to spend your savings at a place where 95% people loose money… These youtubers are all selling dreams, and of course « Tutorials »

[@helldogbe4077]

95% are losing money? Look at index investing and the returns of the SP500 and world index as far back as you want.

[@Jonathan-ez8tq]

@@helldogbe4077 bullshit. Index are 40/50 years old… ETF are only 5/10years old so what ? It was not possible to be « index » invested 30 years ago so big LOL

[@Hyper1555]

Educate a lot, play it safe first, keep consistent with a strategy you are very comfortable with and keep doing it without stopping. I have dedicated 3 hours a day to learn about investing for 2 straight years and more than 50% of my ideas went in the green while others sold their position.

[@johndonaldson8989]

"you're not just wrong, you're stupid" - Mike Myers

[@donaldlyons17]

no he is telling the truth youtubers sell and the majority don't do it for fun...

[@djpuplex]

Self help babble. Nothing actionable. Stock picking really SMH.

[@adamkhabazian3249]

so get rich making other people sick. isn't that what has destroyed our world? as long as others are harmed and you're wealthy it's okay?

[@rimantevalancauskaite1849]

um did we watch the same video?

[@BillyGreen1920]

Whaaaa

[@johndonaldson8989]

you put on your glasses before you watched this video right? checked your hearing aid batteries too?

[@harddrivesits]

I think he's referring to fast food restaurants. He might be saying that that food is unhealthy.