Recently bought some recommended stocks and now they are just penny stocks. There seems to be more negative portfolios in the last 3rd half of 2023 with markets tumbling, soaring inflation, and banks going out of business. My concern is how can the rapid interest-rate hike be of favor to a value investor, or is it better avoiding stocks for a while?
Just ''buy the dip'' man. In the long term it will payoff. High interest rates usually mean lower stock prices, however investors should be cautious of the bull run, its best you connect with a well-qualified adviser to meet your growth goals and avoid blunder
The truth is that 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. My friend just pulled in more than $84k last month alone from his investment with his advisor. That is how people are able to make such huge profits in the market
“Rebecca Noblett Roberts” is her name. She is regarded as a genius in her area and works for Empower Financial Services. She’s quite known in her field, look-her up.
Thanks for sharing. I searched for her full name, found her website immediately, reviewed her credentials, and did my due diligence before reaching out to her.
I grew up in a poor immigrant family that escaped a war and hardly spoke any English. I agree with most of your list. From first hand experience I'd add these three habits about the "rich." 1) They enjoy building things. Because building requires learning, adapting, problem solving and hard work. 2) They do not like spending money. Self-made rich folks, spend far less overall in comparison to their income. 3) They fail quick and fail often. Failure is seen merely as a learning opportunity, not the end of a pursuit. Great video!
2) is kinda true... except for when it comes to women/marriage. They don't spend on themselves but they spend on their sugarbabies like you wouldn't believe
Good points. However, regarding the rich spending so little of their income, while it may be a small portion it buys them a lot. For instance if someone makes 1 million a year and only live on 10% of their income that’s 100k a year. That’s a nice standard of living. Hard to do if you only make 40 or 50k
I realized the benefits of investing during this pandemic. My source of income had previously been my job. But I lost my job when the pandemic started and I had to live with the little I had in my savings which really affected my plans.
This is exactly what I'm talking about. For the past four years, my income has never been dependent on any firm or work place, because I chose to invest and the more money I get the more I seek for new investment opportunities.
@@repliedbajapanesewithhanak6676 Unfortunately having a job doesn't mean security. So I really appreciate Expert Rex Coleman transparency and help on my trades.
What marveled me the most about Expert Rex Coleman was the fact that he wasn't just a forex expert, he is also into stock, Crypto currency and other larger investments He is the one behind my successful investments. As I have been investing with him since then now I can venture into real estate with the profits made from trading with him.
You must be really smart man, You just baited me into watching a video that wasted 8 minutes of my life when i could be out there selling tank tops to those eskimos.
Now list all the people who do these things and are still poor. There is no straight path to success everyone is unique and what will bring success to you is also. Things like this are designed in part to lead you astray, do what I did to get rich, but there are countless other factors in life.
The #1 thing the rich do better then the poor is lie. I grew up in money spitting on the poor like this video. Only when I got older did I see what my family was. My moms side are poor artist, writers who clean for my dads family. My dad got the help knocked up. I'm the product of a businessman and a poet. I married a women related to now dead Corey Rudl who's dad is worth around 10 million so I see everyday this disturbed mindset. Better to be a proletariat than a plutocrat. They call me bipolar but greed is the true mental illness. The lack of empathy the complete lack of humanity. When will the people awaken and realize they are the 99. 99 to 1. They have the guns but we have the numbers. Imagine if the enslaved said enough. Then a world of farmers painters poets craftsman would rise from the ashes and bring man once again back to its natural state of peace with nature.
Do anything....the ratio will always be 99:1......better find your passion or driven force...and do what you are made for...even starving artist or any homeless saint...monk...etc may have great satisfaction...fulfillment..thrill...adventure...happiness than owner of countless currency. So stay natural. .and find your core. Feed your soul.
That sounds like great advice until you're 60-years-old, need a hip replacement and can't afford it. Pursuing your passion and living on happiness is fine but the reality is that money makes the world go round. The more resources you have, the better quality of life that you have.
Father Bertolucci I think when we get old we realise many things. I may be right...you may be right...but don't close your mind with any belief but open it by wonders.
@79Yamato - It is a cliche, but it's also a false dilemma. On the flip side, wouldn't you rather be rich and happy, than poor and depressed? Being wealthy doesn't equate to happiness, but it also doesn't equate to depression.
I like how people that don't want to put in the hard work will come up with all sorts of excuses such as I'd rather be happy than rich and all that BS. What Father Bertolucci said up there is correct. When it comes to paying for medical bills not just for yourself but for your wife, kids, mother etc., you're gonna need money not love or happiness. Be realistic folks and quit living in fantasy land. Roll up your sleeves and go to work and create a livable life not just for you but for your loved ones.
Great video. You go more in depth than other videos on this subject. Briefly: My parents grew up poor. My father worked since he was 14 to 24, to buy a home in the burbs. My father was a very avid reader, about 1-2 books a month. He played the violin, was an artist in his spare time and played chess. You could ask him any question on any subject, and he could answer it. Not bad for a Brooklyn boy that had to quit school in 8th grade. My mother strained cleanliness, neat handwriting and spelling. We didn't always get what we wanted, but always got what was needed, and told never to brag. My parents wound up buying a house the way they wanted it built, paying full cash, no mortgage upon retirement. (oops, I bragged)
@@davida7696 That's what I was going to say, only the-poor-who-will-stay-poor believe you have to inherit wealth to have wealth. It's almost like they think if something is not immediately accessible that it cannot be attained at all. Either that or they just want an excuse for why they're not working on one of the points in this video.
Rich people are still just people, some good and some really fucked up. Not all poor people are victims but that doesn't mean there aren't any poor people who are victims.
such a waste of life, the pursuit of monetary riches is. So much immaturity, it's disgusting. innocent people suffer while others ignore their selfish and arrogant actions actually make living more worse for everyone. This world is full of so many innocent children who are abused, neglected, and confused about how to live that most become monsters and things just get more and more worse. we don't have time to wait for I told you so; those aware of what's really going on need to help figure out how to turn monsters into compassionate, aware, and helpful human beings right now.
What's disgusting is those who redefine their laziness as moral superiority instead of actually doing something productive like generating wealth and spending it on deserving causes
See, more immaturity, stupidity, abusive, narrow minded, and neglectful behavior because you can't question, figure out, and see that generating financial wealth is a large part of the problem; for the monetary system is man made and does not fully promote and/or facilitate doing things that don't hurt people in any way, shape, or form.
Other than reading and making new friends and working on opportunities, I accept my own financial mediocrity. Because greed can really derail you as a person. I want a world a family can thrive in, but not become spoiled. Those who start rich are generally spoiled. Some times you have to distance yourself from the world your building up to appreciate it more. Go camping. That helps me appreciate everything I have.
One difference is that those people already have a safety net. We are usually advised to have an emergency reserve in a safe place (i.e. not earning anything) before "investing" any money (i.e. putting it at risk). They often start with a better education too.
Usually those who are struggling financially cannot dedicate the time to volunteer work due to finances. Either by sacrificing work hours, taking care of errands, or may simply not have the money to put extra gas in the car.
Unfortunately, only a few people are blessed with an incredible appetite for knowledge, an incredible appetite for hard work, an incredible appetite for developing skills and selling them, a willingness to forgo women, alcohol, weed and be dedicated to efficiency. Only a few people are blessed with these gifts. Similarly, only few people are blessed with incredible facial beauty. These are natural gifts that only a few possess. If you're not naturally blessed with these gifts, you can do your best to develop them, but you can't really change your nature.
Some interesting observations, although only a few equate into actions that can help a person become successful. #1 ("output" versus "input") is really two things: 1. results matter more than effort, and 2. spending lots of time and work on something does not make "value". BUT it is not easy to find a position where you can produce value without lots of time and effort. For instance, a good salesperson can make a lot of money on commission - but making a sale can be very, very, very difficult.
Im only 16 now nd im already reading this book called "Rich Dad, Poor Dad"...nd im trying to convince my middle class parents to read it...bcuz they work Hard...not Smart
Find your way! and I feel you. my dad's not too happy with me doing my business, but I'm not planning to work the rest of my days till i'm 65-70 years old, and wonder what I could of did for the rest of my life. I'm sure your parents are awesome! as are mine. but they can't teach what they haven't done. A broke person can't teach you how to be wealthy or rich. I have mentors who are financially free, and millionaires, so those are the type of people I associate with, so I can learn and develop myself more to get into their positions. I would suggest to find a mentor that is on the right side of the cashflow quadrant, do your research, and learn from them. ask questions, be curious. Remember that it's your life. Nobody gets to dictate how you live (after you grow to be 18 and such), except you. Not even your parents. I know this is coming from a stranger, but I just want the best for you, I definitely with you. Here's to winning freedom!
I relate so strongly to you. I respect what they do but in my head I know it's not going to work out the way we want in the end. I have a job on my own, part-time, and I'm slowly cutting back on cost to save up for a course
Krash Careful with the courses. The book is great, but Robert sold his system to guys that just fish for higher and higher course payments with each "level".
Kurwin Heartfilia give them tips on 4 hour Workweek by Tim ferris. Btw focus on yourself before, so You're living proof for your parents that What you do is working
Thank you for the video. Sparks quite the controversy with people doesn't it? Would it be possible to provide the resources you guys used to put the info together? For example, I found really interesting and surprising how rich people volunteer more than the poor. Any studies or other sources you could direct me toward will be appreciated. Thanks and good luck with everything.
They say if you were to take all the money in the world and divide it evenly among everyone. That all the money would go back to the people that was rich and all the poor people would go back the way they were or worse off.
On a study of over 10,000 millionaires, the #1 key to becoming a millionaire was investing into their companies 401k match. So take advantage of that if you have it. At my job only about 3 out of 10 people roughly invest into their 401k's.
ok you want a piece of gum work for more money. but this example is a very bad one, first of all, saying you can make $12 from selling water is different than doing so, what you disregard is circumstances. there's a chance you spend all of your money and cant get anyone to buy any water from you. now you've got no money and must settle for the water you bought. there's also the reality that you need a vending license, depending on where you are, you can easily get a fine for this. now you owe $200+ dollars as well. this is not an opportunity, it is an obstacle. you cannot turn some obstacles into opportunities. they are two separate things, occasionally an obstacle can block you from an opportunity. but you do not magically turn an obstacle into opportunities. another thing, how do you have a stand to set up? did you already have it, was it on you, you drag it everywhere, or went home wasting gas to get it. at best you'd have a package of water on the ground waving a few bottles around in your hands
Matt Wells you are telling me that out of the people in your neighborhood you wont sell a single one? first off you need to be a good salesman, now what if you go to where there is private construction? What about private factories? I know few of them where employees take breaks and buy outside. Now, if you are gonna do it once just as proof to get both the gum and the ice cream you dont need a license, of course if you are gonna build a business eventually you are gonna have to get one, but the first time you can do cautiously. Your third point is just an excuse man, you can use wtv to take your bottles anywhere, you have backpack? A small cooler? A small folding table? Etc... At the end of the day its all about your sales experience and the will to do it.
Something to consider for this excellent video....The "poor" person is predominantly drawn as a woman, the "rich" person is a man with a briefcase and tie. Please consider re-drawing so that women who need to see this video the most, can actually see themselves as the rich, confident, value driven person. Many thanks!
Great video! It is all about the wealthy mindset. I like your idea of practical wisdom. I am on a quest to share wisdom with the world too through the book of Proverbs. I am so excited to find your channel.
A bit of Maths for you. Two boys both sixteen, one inherits 30,000 dollars, the other nothing. He has to work and he earns 5000 dollars a year, with 25% tax on this and 90% of the rest is living costs. How long will it take for the second boy to generate 30,000 dollars in capital? Post answers in comments.
The final result of the two individuals will depend on their characters, as well as luck, of course. The one who inherits might squander it all, pretty quickly, and end up with nothing. If the 'poorer' one is intelligent, hard-working, pleasant to those around him, saves his assets, and builds on his skills, he won't be on $5,000.00 a year for long. He will be valuable to someone or some company, who won't want to lose him, so they will pay him more. Or another offer will come his way, and he will take it. The more this goes on, the more he will be respected and valued and *remunerated* both in pay and in other ways. (He will build on the number of people who have reason to be grateful to him, or see that he is worth supporting, and some of them will help him with his difficulties or otherwise put opportunities in his way, or give him good advice.) All this takes time - but then, you have a whole life-time to work on it. Provided his health holds out, and he does not suffer bad luck (and takes the opportunities which good luck throws in his path - and we all have these) he will end up happy, secure, and wealthy. Does this answer your question?
Mentality determines that answer not just time. Having a lot of time to do something doesn't motivate you to do it, it's important to develop a mindset that makes you want to achieve it. It's to
The rich: 0:33 believe in the law of income (results not effort) 1:24 are voracious readers 2:35 focus on opportunities not obstacles 3:28 associate with positive, successful people
I live in a middle class suburban neighborhood. When I work at home people don't get it. They think I am bumming around or something. People ask where I get my money. They don't get business at all. I really don't want to spend the money to live in a higher class neighborhood and have high HOA fees and maintenance.
Make some money, save if you're not creative. Once you start gaining money find people with knowledge and pay them to help you find the way to make more money. Like advisers. You'll learn as you go on that path
11. Life isn’t fair! Talking to you Bernie bros...if you legislate fairness to the degree that so many of you want, we would all be poorer. Not everyone deserves healthcare, a living wage, etc.
Rich person displayed as thin man in a suit. Poor person displayed as a slightly pushy woman in a pink dress. I can’t get past the stereotypes. I am happy helping people in the non profit world. Wouldn’t have it any other way. Thus, I am rich. And yes, I read and have college education and have a great job that attunes my talents. The way you make money is half luck, half inspiration...
Well, I’m in the doldrums right now. I need new social circles. My best friend ain’t positive. I love her, but she is a big energy and joy suck. I have always have been willing to risk and be positive
Interesting video, BUT, not everyone can be rich, the system is not set up that way. Columns B (middle class)and C (destitute) support Column A. Can you imagine what the world would look like if everyone was rich and fulfilled. Not really sustainable... People have to look at the system, unfortunately that’s never going to happen (in my life time anyway)
High interest, short term loans are a financial intelligence tax that should be illegal. The social pressure in America to appear richer than you are keeps poor people poor. Look how many nice, new cars and trucks the bank parks in poor peoples' driveways.
Do you want to be rich? That is a poor mentality of the past, not everything is worth to have more money. The important thing is self-sufficiency, resource efficiency and sustainability with the environment in which you live. The rest is blinded by success with a limited mindset focused on getting more money at any cost.
@@shlomosilversteinberg5785 That's what they want you to think. To be honest, I think most millionaires do believe they did made it themselves because they think that most people all have parents and family that can give them $250k to$1mil at graduation or when they are starting out. The famous multimillionaire RU-vidr Michelle Phan is a self made millionaire who started out on welfare but even she admits an uncle gave her a great deal of money to help her get started. Don't be fooled.
Rich people don't associate with poor people, and poor people don't associate with rich people. One has to get a good education, have good manners and social skills to change their future. They also have to dress successful. The worst thing is that poor people chew gum. Rich people don't.
6. Be born into money, have your entire education paid for by your parents, get a job working at Dad Co. for the rest of your life free of the crippling burden of student loans.
you forgot about the most important item GREED,rich people will step on anybody to get what they want. you talk about this like being rich is to be admired. they will literally destroy someone's life to get ahead
I can guarantee you there are musicians, athletes, movie stars, and entertainers who are very wealthy and haven't picked up a book in their life. They got there by being talented.
Yes, at frist i work for money but now money has to work for me. I have stop working at age 43 . One good thing about money: they are the great work force that never get tire and they keep growing , to bring more money
Am I the only one that doesn't want to be rich? All I want is life is a house with a garage where I can build a 1971 Nova in that's it. I don't really like traveling and I don't drink or smoke or even party. People are always pressuring me to reach higher and have bigger goals to become wealthy but the truth is all wealth does to you is make you want more. You just keep wanting more and more and it consumes your life. My aunt and uncle are well off and they changed from nice people to really snobby individuals. I miss the people they were before they became wealthy. I have friends real friends that would have my back no matter what but it seems wealthy people have fake friends that only use them for their money. Wealth is more of a curse than a blessing and if you spend all your time in life trying to become rich then your going to miss out on the good times and memories with family and friends. Stay humble and be true to yourself don't go out of your way to impress people who would only see you as a bank machine rather than a friend.
The thing is luck is an extremely important factor in becoming super wealthy. I do believe that anyone that's willing to work hard, invest wisely, and exercise a degree of delayed gratification can become financially comfortable. However, that's worlds apart from super wealthy. Bill Gates is a great example. He started out doing so so writing programming languages. IBM wanted an OS for their line of PC's and when the original developer fell threw Gates lucked into the project and DOS was born. That's not to take anything way from Gates' hard work and skill in developing DOS, if the software sucked Microsoft wouldn't be what it is. But without that twist of good fortune it never would have been. The vast majority of rich people inherited their money from an ancestor that had been previously equal parts hard working and fortunate. Making a decent living in a realistic and attainable goal, becoming super wealthy is not. There's no how to guide that's going to get you that element of chance.
Well then, "luck" is really where "Preparation meets Opportunity". If he was not prepared/honed/mastered his skills, then he would've missed the Opportunity. 😉
blue internet to be fair dressing nicer is a good way to elevate your confidence and people you can associate with but you also shouldn’t blow all your money on it though
Not quite... it depends on what you read and whether you have the means and the energy to apply that knowledge. Like, learn all you want about rockets or economy - if you don't have a certificate that proves your skills, nobody's gonna give you a job. And if you lack the energy or the means to start-up some thing of your own, all your reading is just dead paper weight.
Correct. This is one of the worst pieces of advice given in all these "How to be successful" videos. If you are trying to make it, the first thing to realize is that your time is your most previous resource and you must use it very wisely. Only read or learn material that is relevant to what your are aiming to do and only if you have the required certifications to get you to that step.
Give you a job? See right there, you already missed the boat playa! You don't wait for what someone is gonna give you , you take what is rightfully yours. If you are that guy in your first example. The lazy bastard in your 2nd example can make it too if he's greedy enough. You can get rich by never leaving your PC or changing out of your bathrobe. See, Dominik, you have to be a YES man and observe the opportunities, NOT the obstacles. You may have to go back and watch this vid again, slick. Get your ass back in there the billions aren't gonna earn themselves!
@@DanMedlenJr The message was clear in this presentation and it was all good advice. It just strikes me reading such negative thinking that there are those who are born to be winners, whilst there are others who are born to be losers. The losers have a comfortable mindset that will never change, because they don't want it to and that's supported by their delusional excuses. They seek comfort and support from those who have a similar mindset to theirs and that's what brought them here.
The main difference between rich people and poor people is that rich people have money and poor people don't. _"I've been rich and I've been poor. Rich is better."_ *-Sophie Tucker*
The other difference is that poor people work for the rich. That's what "investment" means: to profit from someone else's labour. And to feel virtuous about it.
Don't seem to keep into account that if you start out with parents that are educated and you have no responsibilities vs. people born into situation where they have to help feed siblings or disabled parents, or take over household duties because parents work three jobs on minimum wages.
Cgoidguxf Choyixtiddti your statement “no time to read” exhibits your lack of self discipline and hints at a victim mentality. Lot of that going around. It’s a sickness. Do your friends have the same sickness? Is it easier to whine than climb? Sure it is. But I choose to climb. I’ll take a beating, push through, learn and push. I hate whiners. Dave Heitman Semper Fidelis......look it up
A dead Channel ..........and they train, employ, spend on capital goods, invest, support charities, all of which benefit others, all of which result in taxable incomes paid to others resulting in tax revenue to municipal, state and the Fed. governments.......which result in supporting programs which help others. I am so weary of whiners , bitter and envious of successful people. Dave Heitman Semper Fidelis....look it up
AMEN! Tacklehisa you are so right. I'm sick of these idiots on here who are out right rejecting the knowledge that can be found in books. I mean wouldn't visit a doctor who didn't read any medical books or an attorney who didn't read any law books. And reading books geared to your specific business or industry can help you avoid mistakes and help increase your profitability.
I wish they would have stated non fiction books in this video depsite the fact that should be obvious. That being said can audio books count towards this?
1. Results 2. Read to learn 3. Focus on opportunities not obstacles, POV perspective 4. Social circle and network - develop 5. Promote self and value - brand Sell yourself 6. Overcome challenges and problems 7. Get both 8. Net worth - keep wealth 9. Penny smart, dollar stupid 10. Network and Volunteer to network
How about learn the importance of a credit card? I say this because if you learn how to implement a credit card in your life rather than just abusing it, you will be better off. Your credit score and your income is everything. That's if you know how to use it.
Have you mention the disproportionate tax rates afforded to the 1% , that often they pay less than the poorest wage earners? Or the outsourcing of jobs they are doing more than ever. Or the cost of medicine, healthcare which means 15% of the country can't afford any kind of insurance,and more than 40% of the country can't afford University education on $30,000 per annum? A recent wall street interview on CNN when asking those CEO and 'captain's of industry' will they reinvest there taxes in country? Barely a few hands out of hundreds said yes.What about medical bankruptcy because many can't afford their bills? Real life isn't Oprah, dude.
Well my parents are from Mexico and they can’t get good jobs so jokes on you that’s a reason why my parents can’t be rich well I’m fine about not being rich
I think this video can be improved for sure! Rich and poor as 2 different homogeneous groups doesnt work. All poor people think like X. All rich are succesful because they are Y. Did you mention about pillaging the 'third world'? Or creating more inequality and robbing small businesses? Some other good points tbf. I think some of these principles are useful but the general ideas are quite conservative.
I never made more than 60k a year, and I have a net worth of over $500,000. Only a small portion of that is home equity. I have a B.A., but I've worked "blue collar" jobs most of my life. Most of those 10 things do not apply to me. But these do: 11) Be willing to do things others won't. 12) Live frugal. Enjoy what you have, do not lust for what you do not. 13) Save. Practice delayed gratification. Debt is a necessary evil, not a friend. 14) Be selfless. Put others first. 15) invest in family. Working harder and longer takes time you will never get back. Your family deserves you. I could go on, but what do I know? I only earn 50k and am I'm in the top 10% of personal net worth.
I never claimed I was wealthy. I simply explained why I was secure. If you actually read my comment, you'd see that it's about HOW you get the money. Or, just play victim, "Boo hoo. I'll never be in the one percent". Couldn't care less. I can take care of myself and my family. That's what matters. Not hating folks richer than me.
Fred - I could have written your post almost word for word: I'm not a 1%er, but I own several businesses, own a home, and have free time to consider any other opportunity that might come along - that is what makes me wealthy... I didn't/don't exploit people, steal, etc. to get there. Yet thirty years ago I was homeless, without assets, and spent my time looking to work to exchange my time for a less-than-living wage. This video only get it about half right, but all the posts here discount all of it. I'm amazed on the negative attitudes on this video posts. The first thing that should be listed is this: Change your attitude; look for possibilities; plan ahead; give people what they want. It's really that simple, but most don't seam to get that...
I'm amazed on the negative attitudes on this video posts. The first thing that should be listed is this: Change your attitude; look for possibilities; plan ahead; give people what they want. It's really that simple, but most don't seam to get that...
To my understanding this just proves how much we need an edge as investors because playing the market like everyone else just isn’t good enough. I've been quite unsure about investing in this current market and at the same time I feel it's the best time to get started on the market, what are your thoughts?
Since the crash, I've been in the red. I’m playing the long term game, so I'm not too worried but Jim Cramer mentioned there are still a lot of great opportunities, though stocks has been down a lot. I also heard news of a guy that made $250k from about $110k since the crash and I would really look to know how to go about this.
Thats true, I've been getting assisted by a FA for almost a year now, I started out with less than $200K and I'm just $19,000 short of half a million in profit.
Credits goes to "Carol Vivian Constable” one of the finest portfolio managers in the field. She's widely recognized; you should take a look at her work.
the poor don't have the time or energy to read effectively because they're WORKING and they don't have opportunities that the rich have and most rich people were born into or inherited the world they live in! KMA!