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@@thanksforstoppingby nah fr, try the two week rule, if you really want something wait two weeks and if you still want it then buy it but if you don’t then there you go, it had no use to you anyways but a quick dopamine rush
I just subbed, first time I have ever found one of your videos, what is crazy is I have been working super hard on getting my own business together and working on myself to achieve financial independence for 5 years now and I am really glad I found your channel. Thank you.
Dollar cost average -> Time in the market beats timing the market. 1. You invest in the stock market because you believe the stock values go up, right? 2. Mathematically it's better to invest 120k dollars now than 1000 dollars per month over the course of the next 10 years. 3. Don't keep cash that you don't need as emergency reserve and don't invest it over time trying to gain a benefit of the DCA. 4. The more money invested the earlierst possible date wins. I know that most people cannot invest a huge sum straight away (now) because they only have x dollars left from their weekly/monthly income to invest. I just want to clarify that this example of splitting a sum you do indeed have (like the 300 dollars in this video) will leave you with an inferior outcome. I see sticking to the DCA and promoting it as a hidden way of timing the market.
If everyone could get rich, then there would be no more rich. There are only the rich because there is inequality. You’re rich compared to the poor. Since it’s a relative thing dependent on people being comparably poorer, then not everyone can be rich. Now it would be nice if everyone could be comfortable and have all their needs met. Beyond that, isn’t pursuing riches getting a bit greedy? Just reflecting here. Throw some counter arguments at me please.
Honestly anyone can become rich, but not everyone is going to stop and take the time to learn how to do it. Some people really were raised with the mindset of "Hard work builds everything". Being rich is not greedy because you don't want to be kept alive by a thread. Anyone wants comfort. If you have comfort you have peace. Some people stop there, at the comfort level, and some people wants to go beyond. It's all about mindset and goals
The investment space is so worth learning as I am learning. A hack that can enhance one's potential. I could sit here and wish I learned this at a younger age but I will take the experiences I have now to achieve just that. Always good videos of insight Vincent!
Great information, but the sound effects and quick cuts to memes just seem overstimulating and feel like a casino...Dial it back to where it was a few months ago! Maybe the algorithm says otherwise...
thanks for this Vincent. but the fun bits are getting quite distracting... I mean a few is nice but its getting to that point where its very distracting. sorry mate, just my two cents.
Congratulations on the video! The quality of the videos keeps increasing and I like you're making your personal style more apparent each time. Loved the funny edits (e.g. German dude cannonball)
Beautiful video! I need to get some inspiration ;) I also create videos on this topics and exactly in the past few weeks I touched the exact same topics that you did!! 😊
Lot of value-packed into this video here Vincent. Fully agree with you in having a vision & making a plan for your goals, and removing that CAP of course haha!
Another banger! 🏆 I love the focus on mentality and planning here. I do believe in aligning with the life you want rather than thinking you need to work even harder to get it. Thank you 🙏🏾
Awesome effort in editting and sametime providing values to us, I wish I could like your videos ten times to show the appreciation.. Btw, I cackled at the slipping on Ice part xD
Vincent. I love your Channel . every video you make , i I feel you’re talking to me personally lol. I’m a youtube Veteran . and I also have my own take and experience investing . Im Doing alright , given the Ukraine War market conditions. And keeping my ( capped),well paying-not very fulfilling job for now! why So i watch you and your way of Thinking ? I want to Summon the courage to leave that ( comfortable Job). because i feel less and less happy in it …..its borderline Miserable in many days ….plus the insane stress and demand of it. much love and Success my Man .
@@VincentChan rest of this vid and all of your content is top tier bud, legit have the bell set up waiting for you to post. you've help open my eyes to how i think about finance. your content is realistic and its not just dollar specific which makes it very relatable for any financial market like where I'm from, South Africa. Thanks for the content Vincent
I know you think that this is cool and artistic but the ton of distractions in the video is very off-putting. It's dodging your points from getting delivered not helping them.
Everyone I know that thinks this way is poor. The key point he makes is not how much money he started investing with, it is that he started to treat his life as a planned system, and that when he did so, his gains compounded. I started investing 10 years ago with $50/month. Sounds small, but the life changes that I experienced as a result of switching to long term planning with a focus on financial independence has allowed me to make better decisions and scale my income/investments dramatically. In other words, don't focus on where you are, but rather, where you want to go. Then start with small steps that are achievable. Like his Warren Buffet example, most compounded gains are made in year 30 and beyond so patience is key. Time is the only guaranteed way to increase wealth.
@@Ninonkw Do not do individual stocks. You wanna know the secret to a wealthy retirement? You pick an index fund that tracks the S&P500 and keep buying the fund every paycheck. About 15-20% of your pay check and you do this until you retire. No word of a lie, it's that easy. but why? because the majority of people don't stay committed to the plan, life happens, lifestyle creep, kids, marriage, divorce, aging parents, etc etc. but if you stick to this plan, it's the surest way to guaranteed wealth. If there's anything close out there to black magic, it's compound growth
Yes. But you should know what you are getting yourself into. If you want my opinion on it, editing has a lot of potential but it is also very time consuming. What I did to start is that I started making videos on my channel (this channel) even though I have almost no subs at all I did got a lot of experience doing simple edits and some of my videos were pretty ok editing wise. So I found a small channel (about 2000 subs) and offer to edit a video for him for free, if he liked it, then we will talk about been on a payroll, if not, he gets an edited video for free. I showed him my own videos that I considered were the better ones and that's why he gave me a chance in the first place. A couple months ago, I showed another channel (now a considerable bigger channel) the videos I made with this person I started editing for and thanks to that I already had a vote of trust from at least one other YT channel, this second channel also gave me the opportunity and I get to charge this second channel considerably more for each video. Hope that this helps you in some way :)
Man, I haven't drank orange juice and brushed my teeth since I was a kid! I forgot all about that horrible taste, but it came right back to me when you said that! 😆
money does grow exponentially, providing that you invested in the correct way. rich people invest on stably growing assets, i.e. S&P500, precious metal, real estates etc. thought it's very slow but your money WILL grow given enough time.
@@the1337fleet I actually did not know brokerage platforms with $0 transactions fees existed. I mean, I thought that's how they all made their money. I got some shopping around to do.
@@the1337fleet I'm only investing through my bank at the moment. I've been looking into WealthSimple, Tangerine and a few others but not particularly leaning toward any yet.
Okay you keep telling us to invest in index funds on just about every video. We know enough about the benefits. But what can you tell us regarding the potential risks involved with index funds? What are some of the challenges you've faced personally that reflect those risks?
@@VincentChan it was great. 👍 I didn't personally learn much because I've seen a lot of your videos and other peoples' videos on these subjects. Pretty perfect for someone who needs to learn all of this though. And it was hella entertaining, which as an aspiring content creator I can appreciate how hard that is to do.
Hey Vincent, I need to make 3,600 dollars by the 1st of December or I lose everything. I am only able to work weekends and the average income in my state is roughly 8.25/hr. Please help!
After I found out that money is only a tool to exchange for values, I stopped saving and started investing.... Invest your money to make more money, By saving your money you only lose its value and it gets depreciated.... a fellow creator ^=^..,
But I do actually enjoy my day trading :( Also, 90% of people lose their money because they are not willing to put in the time or effort to actually learn trading. I did like 1,5 years of paper trading before I actually went even a little profitable on a longer time scale than a week. xD Its basically my goal in the next 5~ years to be a full time trader and I do believe that its possible for me.
@@VincentChan Saved it to my Finance playlist! You’re right that we need to clear head-on goals and identify the building blocks for those goals [as your examples of instead of having the $100,000 goal, start practically with $100 and have proceeding milestones also be practical]. That’s always been my struggle, having a clear blueprint of what I want to do. Plus, I learned you have a tattoo on your right arm 😉
How to become rich 1. Realize morality is a defense mechanism for the weak masses. Overcome this mentality. 2. Do every beneficial thing possible for yourself within the legal limits. Prison and jail is not the goal here. 3. Do not be afraid be take out massive loans and investment money to accomplish your business plan. When you owe the bank $2.5 million, your bankruptcy is now THEIR problem. 4. Build a "golden parachute" for yourself in every contract and hammer home the point that "YOU are worth it." 5. Congratulations, you now win if you win and win if you lose.
