Why You Want To Get Rich Slowly

There are a lot of people out there who think that getting rich quickly is the key to happiness. But as this video will show, that's not always the case. I firmly believe that it is better to get rich slowly. This video looks at the different benefits of getting rich slowly, and why you should consider striving for this type of wealth.
Timecodes:
0:00 - Intro
0:27 - Deeper Life Experience
2:30 - Wiser Decisions
4:27 - Compounding Works Its Magic
6:21 - Sustainable Wealth
7:55 - Keeps Us Humble & Patient
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DISCLAIMER: I am not a financial adviser. These videos are for educational and entertainment purposes only. I am merely sharing my personal opinion. Please seek professional help when needed.

[@higiniomorales459]

Proverbs 13:11 Wealth gained hastily will dwindle, but whoever gathers little by little will increase it.

[@Hayashirice911]

I am coming to this conclusion as well. I'm 5 years into my career and I've been chasing money and promotions this whole time, mostly because I am trying to FIRE. I've recently come to the conclusion that for my next job, I'm willing to take a lower paying, but less stressful and "slower" job so I can have time and energy to pursue things in my life that actually matter. Love the channel!

[@alexxchavez1913]

I was a poor saver and a better spender. Always relying on tomorrow for financial security. I finally had enough and forced myself to become financially literate. It was tedious and painful at first. But after hard discipline, I can say that I am now financially literate and I’m helping my significant other and family learn more of these topics. I have fully adopted the mindset of buying assets and dumping liabilities. I have started a business and will start more. Thank you for your guidance and optimism Tae! 🎉

[@masqueradinglampshade4369]

If Warren Buffet's net worth was $20k when he was 21 years old in 1951, that's equivalent to the buying power of just under $226k 2022 dollars. Seriously impressive.

[@josephgoodwin2676]

Proverbs 21:5 The thoughts of the diligent tend only to plenteousness; but of every one that is hasty only to want.

[@xmochix604]

love this.

[@TheWeekendYogurt]

Thank you for your grounded advice. You’re right all of these videos of people making it big quick can definitely warp my perception of what is realistic. Thanks Tae!

[@Systemsdown_]

Thank you, your videos have been making me think a lot about how I’ve recently been approaching life. Great video

[@iridescentpisces1986]

This concept can apply to many aspects in our lives. Never underestimate consistent baby steps. Great video.

[@magnusruben9646]

Thank you for bringing a worth while philosophy to Finance-Tube. Having experienced similar family financial cataclysms in my childhood, I had to learn this the hard way. Hopefully others won’t!

[@Jasongy827]

I had the similar life story my parents lost their home due the housing market crash, both of my parents lost their buisiness shop, my dad after the economy recover he decided to open up a repair buisiness which has been booming what resulted is that my parents divorced, the economic down turn made my parents lost our home, and my sisters and I didn’t had a father to be around. Anyways, whole point now I’m older, wiser, I just want a steady pace of income I hate hustle culture I use to live in LA. Now I appreciate the steadiness, and secruity.

[@ero1456]

The last few minutes was amazing advice. Great learning.

[@lailaatallah1857]

I have no idea how you make such a slow and sane approach sound so sexy. 😂 I like how holistic, thoughtful and farsighted your approach is.

[@xmochix604]

I love this... really puts things in perspective for me.

[@jeremyburton1443]

Excellent presentation. Thank you!

[@jaimevazquez3769]

Amazing video and deep, thank YOU!

[@awaissiddiki1]

Very informative videos . Thank you for your service for this country . We all appreciate you

[@nickodemis]

Great Video! Thank You!

[@akin242002]

Great advice. It maybe boring to some, but extremely pragmatic advice.

[@trailerkeller6760]

This makes sense especially look at all the younger rappers and celebrities. The faster they become rich the faster they spend it all or Squander it and don’t savor it. People like Warner Buffet, Eminem, Jeff Bassos, And different CEO of different company’s and artists Take 10+ years to make millions however they stay rich cause they understand money. It’s all about mindset and being literally Mentally smart.

[@grahamwarrin3313]

I've watched hundreds of KZbin videos on investing and read a dozen books on the same subject including Ben Graham's (Warren Buffett's mentor) 'intelligent Investor'. In less than ten minutes you have given the most succinct and wise investing advice that I have come across - a truly impressive achievement.

[@veritas3179]

Loved your video!

[@lililululalabooboo]

This was a really good message.

[@neilsung]

Awesome perspective

[@jamela3407]

Wonderful video 🙂

[@eeffocian88]

Can't leave without leaving a comment - timeless message.

[@Tycy2014]

Ya this rings true to me, I was so depressed with how much I was making then I stopped and looked at where I was in life and my age and found I was in the 92% for my age. I started working at 17 and was competing with people twice some time 3 my age for a long time that it warped my perspective on life. The only thing I now want is my "dream job" by the time I am 30 and I got plenty of time to make that happen... gotta go back to school thou for it but I don't mind because i like learning. Also witnessed 2 bankruptcy growing up, dad lost his consulting company, then the house.

[@johnc7279]

Well Said...

[@blueblur1984]

The lack of safety nets most people have is mind boggling to me. My parents were estranged from their parents, had five kids, three of whom were disabled, one died as a result, my dad died of Alzheimer's in his 60's and my mother still retired a multi millionaire. Luckily dad was a big believer in insurance or I don't know where she'd be today.

[@brunoalbuquerqueriodejaneiro]

Very interesting insights and tips!

[@m.t.valenciatrading]

I've accumulated 20k+ position in GPN... i'll be looking to get atleast 30% within the next 18 months.

[@therocinante3443]

BOT

[@TheWeekendYogurt]

I love your videos!

[@RoboCop68]

Well done

[@henryshum1666]

For my own exp, I have the tendency to go speculating, because I started late on wealth building and wanna chase the time back. Could you share anything which could tame our such mental urge?

[@peterl2767]

Great content for 😃😃😃

[@mccoyji]

Stocks are probably in a bubble. Keep diversified. Cash is also OK 👌

[@kutayecevit4125]

From 21 years of 20 000 $ to 92 years 100 billion makes 24,2 % annual w/o inflation. Compounding is important but 24,2 % for 71 years is way impressive.

[@StaticResurreXion]

Both have risks. The fast way assumes you will score and if you don’t you can fall a long way or spin your wheels. However slow and steady assumes you won’t: die, get sick, have familial hardships, total your car, lose your home, etc. in the 10-30 years it will take you to get there.

[@its_garcia]

While both have risks, they’re not equal at all. A lot of those risks you attributed to the slow way also apply to getting rich quick. The slow way has a success rate that is much higher than getting rich quick.

[@fatou1975]

It depends a lot on your age too. Slow pace @ 55+ is too late already.

[@nelocks3664]

Not necessarily. Just might have to adjust expectations and cut back on lifestyle to achieve the freedom desired. Investing 2k/month for 15 years at 8% growth comes out to 700k. Even starting at 55 that could be 700k by 70. Not too bad.

[@nelocks3664]

And that’s starting with 0 at 55. Hopefully that isn’t the situation. Even if it is, there’s still hope.

[@ClintonGalton]

Love the hair... I've been balding since 6th grade

[@curly131]

lol keep up the funny stuff