Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Instead of trying to predict and prognosticate the stability of the market and precisely when the change is going to happen, a better strategy is simply having a portfolio that’s well prepared for any eventually, that’s how some folks' been averaging 150K every 7week these past 4months according to Bloomberg
very true, I started investing before the pandemic and that same year I pulled a profit of about $600k with no prior investing experience, basically all I was doing was seeking guidance to make a from a financial-advisorr, you can be passively involved with the aid of a professional.
The adviser I'm in touch with is *Jude Ryan Mcdonough* He works with Merrill, Pierce, Smith incorporated and interviewed on CNBC Television. You can use something else, for me his strategy works hence my result. He provides entry and exit point for the securities I focus on.
Thanks for this! I'm a fnancial turnaround practitioner. I had to learn detachment from helping my Dad with his business and my own businesses. Learnt a lot about how to manage sentimentality. A lot of shocking fact-based decisions were made. I thought I was losing my mind...today it’s paying off
Well said. I loved the cold shower karate camp analogy to get your mind to have control over your body (Being a kyokushin green belt myself in my teens).
thnx VT and team...this is more of a home to a person like me. a place where honest brutal questions and data is confronted with unemotional mental clarity... l have 2 questions guy, whether you will reply or not its OK with me 1) you guys I've heard that you're recruiting, do yoi give chance to kids who YET haven't got the skills to be part of your firm, BUT they do have deep curiosity in solving real business problem and who are willing to devote hours of learning whatever it takes to solve the problem 2) when VT and your team are you coming to Capetown for a masterclass, l don't have any business now, I'm still a data science student but l wish l just greet you in person guys CHEERS
Awesome advice! Thank you because we all make decisions based on our emotions and often we are not even aware that we are doing so until someone points it out to us
Fantastic analogue the bad data which characterised based on your emotions and the good analogue based on your input and output. You need to train your brain to be in charged of your body emotions. Very Good. Thanks Vusi.
Thanks a lot Sir for this Wisdom you just dropped for us in the Corporate. This emotional thing is really killing businesses especially in Africa. But if we understand that Data give a clear picture of the situation on ground, then our decisions will really be based on that. Thanks a lot
This is what I am still struggling with. I started my business while in school. No record keeping was in place. I have operated for close to 3 years now and the revenue I make is only able to sustain the business even though I do not take salary from it. It is being managed by my family. The moment I asked them to follow a record keeping system, they are very reluctant to do so. Till date, it's still not implemented and I don't even get paid for a business I stared years ago. In this situation, what will be the best thing to do as a young person who just started my entrepreneurial journey? Customers are always running in day by day_ very loyal customers actually. Sometimes, I am even required to pump personal savings into a business that has not been paying me. I'm worried. Any advice?
Thank you so very much Vusi, Such a timely message in my forex trading career as I am having an episode thats requiring me to make Thad difficult decision based on the data.
Ever since I started following you, today I think I found out the reason why I e been following you ! I run my engineering company , which earns me some good amount but so demanding, so I've this passion of farming in me, which I normally follow , in est my cash bt jst never seems to b profitable, the margins can't be compared to the engineering business... Today I've just learnt from u that data matters, passion aside 🙏🙏🙏🙏
Sometimes you know the "data" & what ppl are accused of.... But God still asks you to pray for ppl, hoping that the holy spirit will touch their hearts and that will bring them to true repentance. Sometimes you pray Bcoz you see the broken hearts and tears following them and even the danger that's approaching which could potentially create a disaster in a person's life. At the end of the day We are all parents, when I pray for ppl it's Not just about them. I look at the devastation and mess it will cause to their children.
BUT BUT BUT.....How does one clear the fog of hyperstimulated/ing or boring data data...ie The Noise(Loud and Silent). Decision Science is guided by carefully crafted biases and very very irrational human tendencies that too depend on data but do not treat data as God but a suggestion to be ignored. And yet the decision is credited to Data. Thanks for making me think about this.
Generally speaking: perhaps what is most confusing about this guy is that he is said to be worth tons of millions of dollars, yet I note that he is not on Forbes list. He does not even have a Wikipedia page. Surely, if your net worth should be estimated to be 600 million dollars, as an "important" person, there should a Wikipedia page written about you. There is none for this guy. Even his net worth is found on dubious sources, not on reliable ones like Forbes. I have often found this very puzzling
@@kagisphuma3485 Or maybe he is not as wealthy as he professes, hence he is not mentioned. You might get away with this one, but you will also have to explain how come in almost all sources in the internet, he is not mentioned in the list of rich people in South Africa. 600 million dollars is not a tiny amount, it's above what Ramaphosa is worth. Yet he is recognized by all sources. And if you going to say he refused to be mentioned, this guy does not strike me as someone who would not want media attention. He is popular, and uses many media platforms, it is unlikely. he refused. All I am saying there is something wrong here; there is misconception of his worth.
I am in a country where that cold shower story doesn't even make sense. 😂😂 How do you expect hot water everywhere? Cold water is what you get here and that's if you even get any clean water in the first place.
