Yes to Money: Recent Episodes
Vladimir
YouTube Link: https://youtu.be/62aEsQxL_p8
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-----Contents of this video-----------------------------------
0:00 - Intro
0:20 - When is it ok to start spending money?
0:54 - #1: You are out of debt
1:11 - #2: Have emergency fund in place
1:20 - #3: You have your insurance in place
1:33 - #4: Saving at least 15% towards your retirement
1:43 - Start Enjoying Life
2:37 - One thing to remember
2:40 - Share, Like, Subscribe
3:07 - Watch this next
There are not a lot of people out there, but there are still some that would save, and save money all their lives without actually enjoying some of the money as well.
The Purpose of this video is to bring awareness on when it is ok to start spending your money. When I say start spending your money, I am not just talking about fulfilling your needs like, food, shelter, clothing. I am really talking about fulfilling your wants like going to a restaurant for a night out, like going on a nice vacation, maybe even buying a car that you dreamed about for so long.
Here is when it is ok to start spending money on those wants of yours:
1. You are out of debt (not including mortgage or manageable debt like a reasonable car loan). Here, I am really talking about unmanageable debt, like credit card debt, and any other debt that is dragging you down
2. You have your emergency fund of about 6 months worth of expenses.
3. You have the necessary insurance in place, like medical, life, car insurance, home insurance, and any other that you really need.
4. You are saving 15% or more of income towards retirement
Then by all means go ahead and start enjoying life. Go on that date night out with your spouse, go on that nice vacation that you always wanted. Start enjoying life.
What is the point of getting to the end of your life and all you can remember is save, save, and again save. You are working hard, saving and investing so that someday you can start to spend on what you really want.
All I am saying is start enjoying life while you are still doing all the right financial moves that I mentioned as being the prerequisites.
If you do the things in the right order, then life becomes very enjoyable.
My wife and I wrote the book: “LIFE LESSONS: From A Wiser Me to A Younger Me” In this book, we go into details of what were the biggest lessons we have learned up until now. Our intention for writing the book was for people to learn from it and not repeat the same mistakes we did. Also what we have learned in 10, 20 years, could be compressed in a few days of you reading the book. So there is a lot to gain :)
*None of this content is meant to be interpreted as investment advice. It is for entertainment purposes only. The content in the video is accurate as of the day of the posting and may not be accurate in the future.
YouTube Link:
https://youtu.be/YOQPPVOwbEI
Have you heard the terms bull market and bear market? Do you know what they mean? Today I will talk about what they are and how to invest during both.
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-----Contents of this video-------------------------
0:00 - Intro
0:20 - Bull Market
0:58 - Why is it called the Bull Market?
1:20 - When are the Bull Markets taking place?
1:37 - Bear Market
2:22 - Why is it called the Bear Market?
2:47 - Bonus: How do I invest during both?
3:02 - Maintain a long term focus
3:13 - My Unique Strategy
4:06 - Share, Like, Subscribe
4:17 - Watch this next
Bull
Broadly speaking, a bull market is a continuous period -- usually years -- when stock prices rise. Many theories out there say that it has to rise at least 20% from recent market lows which would have been a bear market. A bull market could happen for an individual stock or for the entire market. Investors usually can tell when we enter a bull market, by tracking the world’s major indexes like the S&P 500, dow jones and so forth.
According to research from Invesco: Historically, the average length of a bull market = ~5 years and the average gain is about +180%.
Bull Markets happen during periods when the economy is strong or strengthening. They are often propelled by GDP growth, falling unemployment, and rising companies's profits.
Bear
A bear market is a prolonged period of price declines in a single stock or entire market, usually 20 percent or more from a recent high. A bear market could happen for an individual stock or for the entire market. Investors can tell when we enter a bear market, by tracking the world’s major indexes like the S&P 500, Dow Jones and so forth.
The bear market largely indicates that investors are starting to pull back. This is where more people are selling than buying. It often occurs just before or after the economy moves into a recession. Investors carefully watch key economic signals — hiring, wage growth, inflation and interest rates — to judge when the economy is slowing down.
According to research from Invesco: Historically, the average length of a bear market = ~ about 1 year (11 months) and the average loss = ~ -36%.
Bonus
How do I invest during a bull market and also during a bear market?
Regardless of what the market is doing, I maintain a long-term focus to cultivate long-term wealth. I constantly invest in the market, every single month. One thing that I do that is different, is in addition to maintaining my emergency fund in cash like investments, I also put a small amount in savings so it can be invested during bear markets. When the bear market comes around, I still invest as normal, but now, I also deploy the extra cash that I have accumulated in savings during the bull market.
My wife and I wrote the book: “LIFE LESSONS: From A Wiser Me to A Younger Me” In this book, we go into details of what were the biggest lessons we have learned up until now. Our intention for writing the book was for people to learn from it and not repeat the same mistakes we did. Also what we have learned in 10, 20 years, could be compressed in a few days of you reading the book. So there is a lot to gain :)
*None of this content is meant to be interpreted as investment advice. It is for entertainment purposes only. The content in the video is accurate as of the day of the posting and may not be accurate in the future.
YouTube Link: https://youtu.be/jQjP5gg7w2U
Hello Friends! Are you overwhelmed with everything that is going on in the world? Especially in times like this we can become very negative and lose hope in the future. In today’s video I talk about how to see the good in everything. This technique will help you stay positive and go through hardship much easier.
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With everything going on in the world, covid-19, war in Ukraine, stock market crash, interest rate rising, gas going through the roof, I thought I would pause a bit from financial related content and share my view on how to see the positive in everything. I like the analogy with the car on the road. Have you ever thought of a car that you really like and potentially buy it one day. Now, all you see on the road is that exact car type. You see it everywhere. Was it not there before? Of Course it was. You just did not have your mind focused on it.
Same thing with seeing the good in every situation. If you are looking for it, if you focus your mind on it, you will definitely see it. You will definitely find it everywhere around you. And you will end up a lot happier, you will enjoy your life so much more.
Am I saying to be ignorant of all the threats that are out there? NO that is not what I am saying. What I am saying is to deliberately set your mind to see the positive in other people, other situations.
Instead of criticizing the driver in front of you for cutting you off, put it in a positive way and understand that he may be rushing his wife to hospital to deliver their first child .Instead of picking the one bad word that your friend said during a 10 min conversion you had, focus instead on the other 100 great words that he or she has said.
It all boils down to this:“you are where your attention is” What you focus on, is what you see more in your life. I guarantee you that when you start looking for the great things in everything and everyone, you will definitely find it! And you will find lots of it! You will start enjoying life! You will become a much happier person! As a bonus, a great way to remember to keep doing this is to put a sticky note on the bathroom mirror. You will see it every time you happen to be in front of that mirror.
My wife and I wrote the book: “LIFE LESSONS: From A Wiser Me to A Younger Me” In this book, we go into details of what were the biggest lessons we have learned up until now. Our intention for writing the book was for people to learn from it and not repeat the same mistakes we did. Also what we have learned in 10, 20 years, could be compressed in a few days of you reading the book. So there is a lot to gain :)
*None of this content is meant to be interpreted as investment advice. It is for entertainment purposes only. The content in the video is accurate as of the day of the posting and may not be accurate in the future.
YouTube Link:
https://youtu.be/SMMBo9004pI
Hello Friends! Have you ever “thrown in the towel” when it comes to investing? A lot of new investors are completely wiped out during a downturn in the stock market. Today I talk about how to invest when the stock market is down.
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-----Contents of this video-----------------------------------
0:00 - Intro
0:06 - Ignore the news
0:41 - Keep Investing every single month
1:40 - To Win in the Stock Market - Constantly Invest
1:44 - NEVER Try to Time the Market
1:56 - S&P 500 Example
2:07 - Research from Investco
2:41 - Quote from Warren Buffet
2:51 - Share, Like, Subscribe
2:57 - Watch this next
There are many news sources out-there trying to scare the heck out of you. So my suggestion before I even go into the subject for today is to ignore the news as their job is to attract your eyeballs and watch their ads. The scarier they make the situation look the more hooked people usually are.
With that out of the way, here is my real suggestion on how to invest when the stock market is down.
Keep Investing Every Single Month in low cost index funds. If you can afford, invest a bit more than normal, so that you are taking advantage of the market being down. As long as you are not turning greedy and as long as you have your emergency fund covered.
Take any money that you do not need in the next 5 years (do not do it all at once) and put it in the market and you will be rewarded long term.
Why am I saying keep investing? I am not really changing my message in any way as I have shared in other videos. The best way to win with the stock market is to constantly invest and never try to time the market.
What we are seeing is short term. If we look at history, we will see that this is temporary.
For example, look at S&P 500 over the last 5, 10, or 20 years (record a video like that)
Research from Invesco shows that from the period of November 1968 through December 2020—a span of more than 50 years—the average length of a bull market was about 5 years, while the average bear market lasted less than 1 year. Over this period, the average gain in a bull market was +180.04%, while the average loss in a bear market was -36.34%.
Be fearful when others are greedy and be greedy when others are fearful.
My wife and I wrote the book: “LIFE LESSONS: From A Wiser Me to A Younger Me” In this book, we go into details of what were the biggest lessons we have learned up until now. Our intention for writing the book was for people to learn from it and not repeat the same mistakes we did. Also what we have learned in 10, 20 years, could be compressed in a few days of you reading the book. So there is a lot to gain :)
*None of this content is meant to be interpreted as investment advice. It is for entertainment purposes only. The content in the video is accurate as of the day of the posting and may not be accurate in the future.
YouTube Link:
https://youtu.be/AtIFLqflZqg
Hello Friends! Have you ever sat down to think about where your every $ is going? Today I am presenting a simple concept on what to do with every single $ that comes into your life.
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-----Contents of this video-----------------------------------
0:00 - Intro
0:33 - Assign Every Single $ Into Buckets
0:48 - Present the bucket numbers
1:08 - 1st number - Needs
1:47 - 2nd number - Wants
2:40 - 3rd number - Savings and Investing
3:24 - 4th number - Giving
4:11 - Share, Like, Subscribe
4:30 - Summary
When you divide every single dollar into categories it is much easier to stay on track and achieve your major goals you have in life. Like buying a house, going on a vacation, or buying a car, making a huge donation and so forth.
Today, I will talk about what you should do with every dollar that comes into your life. Concept of assigning every dollar into buckets.
50 - 25 - 20 - 5
These numbers are my suggestions, but you can come up with your own numbers that make sense for you. The more you bump up the numbers to the right the better.
1st number → Needs - I recommend this number to be 50c out every dollar you bring home.
Rent/mortgage, Transportation, Food, All the Bills - electricity, watter, internet, and others. Debt Payment
2nd number → Wants - Here I say 25c. If you have been good so far with saving and investing the 25c should be easy to do. Vacation, extra car, night out, pretty much, enjoying life. The more you advance in your financial journey, this number could get bigger as a reward for doing a great job.
3rd number → Saving/Investing - 20c
The more discipline you are here the faster you will be able to reach financial independence. When I first started my career, this number for me was about 55c, now it is about 35c. Again I am saying 20c for this category but it could be different for you.
4th number → Giving - 5c. Many say 10c out of every dollar, but very few are even doing, even 1c.
Giving brings so much joy, yet not many people are doing it. So I would recommend to start small, get used to it and you can gradually increase your contribution.
My wife and I wrote the book: “LIFE LESSONS: From A Wiser Me to A Younger Me” In this book, we go into details of what were the biggest lessons we have learned up until now. Our intention for writing the book was for people to learn from it and not repeat the same mistakes we did. Also what we have learned in 10, 20 years, could be compressed in a few days of you reading the book. So there is a lot to gain :)
*None of this content is meant to be interpreted as investment advice. It is for entertainment purposes only. The content in the video is accurate as of the day of the posting and may not be accurate in the future.
YouTube Link:
https://youtu.be/P23mQ8JUxpo
Hello Friends! How do you win anything in life? Is it luck? Is it by doing it over and over again? Is it by following your passion? Today I am talking about how to Win in the Stock Market. It may be simpler than you think; watch to find out.
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-----Contents of this video-----------------------------------
0:00 - Intro
0:07 - We have grown so much
0:58 - My prediction about the future
1:15 - How to win in the stock market?
1:23 - The Exact Formula to win in the stock market
2:18 - Research from Invesco
3:34 - Thank you
3:38 - Share, Like, Subscribe
3:42 - Watch this next
If you look only in the last 20 years, we have grown so much. From communication all the way to things being delivered to your house. Who would have thought that we can have a free video call from one end of the world to the other? Who would have thought that you can buy something online and have it delivered within 2 hours to your house. This has not been only in recent years, it has happened since the beginning of civilization. Us humans, we constantly seek ways to improve things, to make things faster, to make things better. In the end to make our lives easier.
My prediction is that things will only get better in the future. I cannot predict exactly when and by how much, but I definitely know that we will get better and better.
And now, going back to today’s question, how to WIN in the stock market?
Here is exactly how. I will give you the exact formula that has really worked well for me so far.
Never try to predict the market, rather constantly invest every single month, whether the market is up or the market is down. Find that one great mutual fund and constantly invest in it. Since we humans are constantly looking for ways to improve our lives, the stock market can only follow that and constantly go higher and higher. Of course it has to go down sometimes as well.
Look at S&P500 over the last 20 years and You will understand what I am talking about. Yes it has some down turns, but if you are disciplined and just keep investing every single month, you will definitely win in the stock market.
Let’s look at some research to back up what I am saying:
Research from Invesco shows that from the period of November 1968 through December 2020—a span of more than 50 years—the average length of a bull market was 1,764 days (or approximately 58 months), while the average bear market lasted 349 days (11.5 months). Over this period, the average gain in a bull market was +180.04%, while the average loss in a bear market was -36.34%.
The odds are in your favor when you constantly invest every single month and stay in the market.
I personally had my own lessons along the way. I did not start here. I really thought that I could outsmart the market and make a lot of money really quick, but this is when I lost almost $30K. This is where I would buy and sell, buy and sell almost every day which to me is a losing strategy.
My wife and I wrote the book: “LIFE LESSONS: From A Wiser Me to A Younger Me” In this book, we go into details of what were the biggest lessons we have learned up until now. Our intention for writing the book was for people to learn from it and not repeat the same mistakes we did. Also what we have learned in 10, 20 years, could be compressed in a few days of you reading the book. So there is a lot to gain :)
*None of this content is meant to be interpreted as investment advice. It is for entertainment purposes only. The content in the video is accurate as of the day of the posting and may not be accurate in the future.
YouTube Link:
https://youtu.be/Vf6y3rn091A
Hello Friends! How do you overcome any setbacks in life? Today I talk about how to overcome financial setbacks with a simple 5 step process.
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-----Contents of this video-----------------------------------
0:00 - Intro
0:12 - #1 - Pause
0:41 - #2 - Be grateful for what you already have
2:17 - #3 - Give
3:28 - #4 - Analyze your finance
4:27 - #5 - Start all over again
5:01 - Summary
5:18 - Share, Like, Subscribe
5:28 - Watch this next
1. Pause - take a break
Realize this is a clue that you need to change something. Instead of seeing it as a punishment, as a curse, see it as a blessing. A sign that it is time to change.
Great things happen when you pause! You start seeing things that were always there, but you could not see them since you were so busy doing stuff.
2. Be grateful for what you already have
Not just grateful with your lips, but grateful with your heart.
There is something magical about being grateful. Before fully grasping this concept, I thought it was just something nice to say. When I started to be truly grateful for everything in my life, even the little things, I saw massive changes in my life. For example, one little thing that I am grateful for is having a toilet in my house as I grew up having a toilet outside. This may be a silly example, but my point here is that even when you think nothing is working right for you , you could still find things to be grateful for.
- Give
You may say what are you talking about? I am struggling financially and you are telling me to give! You do not necessarily have to always give money, you could give your Time, Your Message, even money. You would be surprised how even a very small amount could make a big difference in someone’s life. Giving, like anything else in life, it comes back to you multiplied.
4. Analyze Your Finances - Become aware of what is causing the main problem
Is it you doing impulsive shopping? Is it you forgetting to make a payment on time?
The best way to know where everything is going is getting on a budget. You could use one of those software online that not only would create a budget for you, but would also analyze you past spendings and show you exactly where you are spending your money. I personally use Mint and I am really pleased with it.
5. Start all over
You are never stuck to any situation, you can always start all over again. Even if you think you messed up, that can be a good lesson for you, learn from it and move on. With a clean canvas, dream big, what do you want to accomplish in life, what do you want your legacy to be? What do you want to be remembered for?
My wife and I wrote the book: “LIFE LESSONS: From A Wiser Me to A Younger Me” In this book, we go into details of what were the biggest lessons we have learned up until now. Our intention for writing the book was for people to learn from it and not repeat the same mistakes we did. Also what we have learned in 10, 20 years, could be compressed in a few days of you reading the book. So there is a lot to gain :)
*None of this content is meant to be interpreted as investment advice. It is for entertainment purposes only. The content in the video is accurate as of the day of the posting and may not be accurate in the future.
YouTube Link:
https://youtu.be/vj8NJl6qj5E
Hello Friends! Have you started your Financial Independence journey yet? Many people say “I will do it when…” Which may be never. Today I present 2 simple steps (not necessarily easy) that will get anyone started on the Financial Independence journey.
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-----Contents of this video-----------------------------------
0:00 - Intro
0:15 - So Many people are financially broke
019 - Why 64% of Americans live paycheck to paycheck?
0:49 - #1 - Desire
1:53 - #2 - Be the financial independent person
2:54 - Believe it before you see it
3:39 - Do this for the next 30 days
4:04 - Share, Like, Subscribe
4:20 - Watch this next
- Desire - DO you actually desire to be financially independent.
Until you develop that burning desire to be free, financially free, nothing is going to take place.
When I say have the desire, not just on the surface level. I am talking about deep inside. This desire is so deep that when the weekend rolls around and your friends are inviting you to go out, you tell them, I am on a mission to become financially independent and I cannot afford to go more in dept.
Your desire is so deep, that you postpone buying that new car for another few years just to save and invest for the future. Your desire is so deep that you get on a monthly budget and you know exactly where every single dollar is going. That is the desire I am talking about. This desire will beat any step by step formula to get rich. Don’t believe me, try it for yourself as I have tried and been doing it for a long time now and yes, it works.
- Be the person that is financially independent.
How does a financially independent person look?
What is he/she like?
Can you think of someone that is financially independent?
What is that person like?
Say you have the burning desire (step #1), now you start being that financially independent person.
You start mimicking that person, be it an imaginary person, it does not matter.
You start being discipline
You start and keep exercising every morning
You start and keep reading self-help growth books every single day
You constantly push yourself to do more and more
You face your fears
You are kind and respectful to others
You have a positive, never giving up attitude
I guarantee you great results will follow when you start being that financially independent person at your deepest core even when you can not physically see the wealth yet. Do this for the next 30 days and see what happens, then do it for 30 days more, and 30 days more, until you make this part of your life.
A deep desire coupled with being rich before you actually see the wealth in your life will get you very far in life. It will get you on a great journey that is well worth it.
Share this video with someone you think can benefit! If you are getting value with my content, then of course hit that like button and subscribe if you are not already because financially independent people always pay it forward.
My wife and I wrote the book: “LIFE LESSONS: From A Wiser Me to A Younger Me” In this book, we go into details of what were the biggest lessons we have learned up until now. Our intention for writing the book was for people to learn from it and not repeat the same mistakes we did. Also what we have learned in 10, 20 years, could be compressed in a few days of you reading the book. So there is a lot to gain :)
*None of this content is meant to be interpreted as investment advice. It is for entertainment purposes only. The content in the video is accurate as of the day of the posting and may not be accurate in the future.
YouTube Link:
https://youtu.be/V7KBNhLBcoE
Hello Friends! In today’s video I present 2 simple ways to protect your wealth. For many people this is a very low priority until …
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-----Contents of this video-----------------------------------
0:00 - Intro
0:15 - #1 - Save and Invest for Your Retirement
0:40 - ERISA act of 1974
1:53 - #2 - Have all the needed Insurance in place
3:08 - Help Requested
3:28 - How do You protect your wealth?
3:36 - Watch this next
These may not be as fancy as buying a new car for example, but they will help you stay wealthy as long as you live and even beyond that.
- Save and Invest For Retirement
Did you know that no creditor can access your retirement accounts like 401K, IRA, Roth IRA. The retirement plans are protected under the ERISA Act of 1974, which stands for Employee Retirement Income Security Act.
Not only are you protecting the money from creditors, but you are also protecting them from yourself. A lot of people when accumulating a substantial amount of cash they have a tendency to go and blow it on things like a fancy car and other depreciating assets.
Savings and investing for retirement is really protecting your future and assuring a stable beautiful financial future.
According to synchronybank.com Median retirement savings for Americans in their 60s is $172,000. While that may seem a lot, it is really not. How long will that last you? 2 years, 5 years, and then what, are you going back to work? https://www.synchronybank.com/blog/median-retirement-savings-by-age/
I would rather save and invest now while I can then go back to work later in my retirement.
- Have all needed insurance in place
- This may seem as a burden and a big expense now, but it can really protect you.
- What if you get in a car accident and you do not have car insurance, you have to come up with thousands of $ to fix the damages
- What if in that accident you are also injured and now you also do not have health insurance. This can get you bankrupt. Medical bills are #1 cause of people going bankrupt in the U.S.
- What if you GOD forbid, you die in that car accident and you do not have life insurance (by the way, you are the only provider for your family); you are now living your family struggling financially and possibly, risking being homeless.
- Do not be one of those people that is not covered by insurance in the major areas where you need insurance.
- Now you may say why, but later you will say thank you when a hurricane destroys your house and you are fully covered by insurance.
My wife and I wrote the book: “LIFE LESSONS: From A Wiser Me to A Younger Me” In this book, we go into details of what were the biggest lessons we have learned up until now. Our intention for writing the book was for people to learn from it and not repeat the same mistakes we did. Also what we have learned in 10, 20 years, could be compressed in a few days of you reading the book. So there is a lot to gain :)
You could purchase it here: https://www.amazon.com/dp/B09JBHGSRF/ref=cm_sw_em_r_mt_dp_0QE4R3280AE5BMYH1SPK
*None of this content is meant to be interpreted as investment advice. It is for entertainment purposes only. The content in the video is accurate as of the day of the
YouTube Link:
https://youtu.be/R1lJZVOW_1U
Hello Friends! Have you ever considered that buying cheap stuff is very expensive in the long term? Today I show why that is and much more.
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-----Contents of this video-----------------------------------
0:00 - Intro
0:33 - 1st Example - Cheap Frying Pan
1:29 - 2nd Example - Cheap Shoes
1:28 - Buying Food/Groceries
2:31 - Cost per Use Concept
3:29 - Summary
3:37 - Help Requested
3:56 - Put it all in Perspective
4:34 - Call To Action
Today I will bring you a few real examples to demonstrate that Buying Cheap Products Is Expensive!
Let's say you chose to buy a cheap frying pan.
After using it for 2 months, the food starts to stick to it. The more you use it the more it sticks to it. Now, you decide to hold on for a while to buy a new frying pan. Now every time you use it, the food gets stuck to it,
As a result, you put in more time to clean the pan, more detergent and more cleaning pads, more water. On top of all that, the food does not come out good at all and often is burned (and now you put your health in danger). You think you are saving money, when in fact you are spending more money and more time and potentially a lot more money down the road to fix your health.
Let’s take a look at another example.
You chose to buy dress shoes at a very cheap place where the shoes are 3 times cheaper than the good quality one at a good shoe place. After using them for 1 month, your feet start to hurt and also the sole is coming out of the shoe. You go and buy another pair from the same cheap place. The cycle repeats and by now you have purchased 4 pairs of shoes that only lasted 1-2 month each. You then watch my video and go buy a nice quality pair of shoes. To your surprise, not only do they last for a few years, but they are also a lot more comfortable.
One good way to see the value of a product is to look at the cost per use. In the example of the shoe earlier. Let’s say it costed you $30 to buy the cheap dress shoes and you used them 20 times. That means that the cost per use was $1.5.
Now when you go buy the more expensive shoes, it costed you $90, but so far you have used 150 times. So the cost per use in this case is 60c. And you know what, you will still use them many more times.
I hope you see how buying cheap stuff could end up costing you a lot more money in the long run.
If you are finding value in this video and in other videos of mine, you would help me a lot by giving me a like, subscribing and also turn that bell notifications on so you do not miss out on any of my videos.
Buying more expensive, higher quality items, would not only save you money in the long run, but it will also save you more time, more frustration, more health, and would provide a better quality life.
One word of caution here, don’t equate designer/brand names with quality because sometimes they are not. In the case of “designer labels,” you’re often paying for the name or packaging, not the integrity of the product.
My wife and I wrote the book: “LIFE LESSONS: From A Wiser Me to A Younger Me” In this book, we go into details of what were the biggest lessons we have learned up until now. Our intention for writing the book was for people to learn from it and not repeat the same mistakes we did. Also what we have learned in 10, 20 years, could be compressed in a few days of you reading the book. So there is a lot to gain :)
You could purchase it here: https://www.amazon.com/dp/B09JBHGSRF/ref=cm_sw_em_r_mt_dp_0QE4R3280AE5BMYH1SPK
*None of this content is meant to be interpreted as investment advice. It is for entertainment purposes o
YouTube Link:
https://youtu.be/KXjE7trpu90
Hello Friends! Being poor is expensive! Not very intuitive, yet so true. In today’s video I show you why that is.
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-----Contents of this video-----------------------------------
0:00 - Intro
0:16 - Why being poor is very expensive
0:31 - Borrowing Money
1:28 - Buying Food/Groceries
2:21 - Time
3:00 - Demanding Job
3:23 - Personal Example
3:49 - Summary for Being Poor
4:24 - Summary
4:45 - Call To Action
Have you ever been poor? People that have never been poor may think that being poor is easy because the government is giving poor people money. It may not be as easy as it seems. Today, I will show you why being poor is very expensive in all aspects of your life, borrowing money, buying food, time, health and many others.
Borrowing money…
Being poor usually equals having a low or non-existent credit score; therefore, when borrowing money you have to pay a much higher rate.
Having a higher interest also means that your payment is now higher and sometimes you will not be able to pay it on time. This is when the late fees kick in.
Poor People also tend to fall prey to payday lenders. These are the lenders that will lend you money for a short period of time, but the interest rate is astronomical. Their annual interest rate could hit more than 800%.
Buying Food…
Buying groceries could also cost more since poor people usually cannot afford to buy in bulk where it requires more money, but of course will last for a longer time and much more economically in the long term. Instead poor people may choose to buy groceries for a day or two and they may go to their local gas station/ or mini market where the prices are much higher.
Time…
Time is money - the less money you have the more time you have to spend each day on things that add little to no value to your life. At the bus station since you do not have a car, Or if you have a car, now you are spending more time in traffic since you cannot afford to take the toll roads.
Being poor also could = to having a very demanding job that hits very hard on your health.
Whether that be a job in construction where the safety conditions are not the best and maybe you have to work outside in the rain, snow, or extreme heat. It could also be working in a restaurant as a dishwasher or cook in the back where again is not the ideal place to be all day every day.
Being Poor is like being in a corner with little or no option. Usually the options that are left are very bad, for example going to the payday lender and borrowing money at 800% per year.
Today I have talked about why it is very expensive to be poor. If you would like to escape this sad situation, I would recommend watching the rest of my videos which at this point may add up to a couple of hours of content, but will give you so much wisdom will help you get on the financial independence path.
My wife and I wrote the book: “LIFE LESSONS: From A Wiser Me to A Younger Me” In this book, we go into details of what were the biggest lessons we have learned up until now. Our intention for writing the book was for people to learn from it and not repeat the same mistakes we did. Also what we have learned in 10, 20 years, could be compressed in a few days of you reading the book. So there is a lot to gain :)
You could purchase it here: https://www.amazon.com/dp/B09JBHGSRF/ref=cm_sw_em_r_mt_dp_0QE4R3280AE5BMYH1SPK
*None of this content is meant to be interpreted as investment advice. It is for entertainment purposes only. The content in the video is accurate as of the day of the
YouTube Link: https://youtu.be/f5WfNY7dTJQ
Hello Friends! In this video I help you identify habits that keep people poor.
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-----Contents of this video-----------------------------------
0:00 - Intro
0:10 - It all boils down to your daily habits.
0:34 - #1 - Not knowing where your money is going.
1:10 - What gets measured gets improved.
1:13 - #2 - Impulse Buying.
2:33 - #3 - Buying things to impress others.
3:26 - #4 - Keeping up with the latest gadgets.
3:53 - Bonus - 10-10-10 Rule
4:24 - Summary
4:28 - Call To Action
Especially in the U.S. we do not have an income problem, we have a spending problem. It all boils down to our daily habits. Today I will talk about 4 Money Habits that Keep You Poor. As a bonus at the end I am presenting a tool that you can use before making a big purchase. This tool will help you make the purchasing decision much easier.
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Not knowing where your money is going
Do you ever sit down and analyze your spending? You may think you know where your money is going, but do you find yourself getting to the end of the month asking where all the money went? Do you do a monthly budget or at least a quarterly review of your spending? You may be spending $10 here, $10 there and before you know it that adds up to thousands and thousands of $ every single month. What gets measured, gets improved -
Impulse buying
According to dacgroup.com in 2019, 89% of Americans could not resist the temptations of impulse shopping, with an average spend of $82 per session or $18 billion per year. Americans also make up to 156 impulse purchases every year, spending up to $5400 annually. That = to a nice vacation. The sad part is that most of those things you most like will not be needed in a few months. What about you? Do you get on amazon and start buying things right and left? Do you start buying all the useless things only because you think you need them at the moment? -
Buying things to impress other People
This could be a big one and could really get you into spending a lot of money that later you will regret big time. The tool I will provide at the end will really help with this. Do you go buy a new car just because your neighbor did so? Do you go buy new clothes, new jewelry just to impress so and so? The sad reality is that you are not really impressing anyone. One suggestion here, only buy things that will truly make you happy, no matter what others think. -
Keep up with the latest gadgets
Are you the one that is buying the latest iPhone? Are you the one that is buying the latest computer? The latest and greatest gadgets are getting pricier and pricier and could really put you in troubles
As I promised, one tool you can use before making a bigger purchase is use the 10-10-10 rule. Before making a purchase, you ask yourself, how will I feel about this 10 min, 10 month, and 10 years after the purchase of this item. Really stop and think of an answer for each case and then decide accordingly.
My wife and I wrote the book: “LIFE LESSONS: From A Wiser Me to A Younger Me” In this book, we go into details of what were the biggest lessons we have learned up until now. Our intention for writing the book was for people to learn from it and not repeat the same mistakes we did. Also what we have learned in 10, 20 years, could be compressed in a few days of you reading the book. So there is a lot to gain :)
You could purchase it here: https://www.amazon.com/dp/B09JBHGSRF/ref=cm_sw_em_r_mt_dp_0QE4R3280AE5BMYH1SPK
*None of this content is meant to be interpreted as investment advice. It is for entertainment purposes only. The content in the video is accurate as of the day of the
YouTube Link:
https://youtu.be/f5WfNY7dTJQ
Hello Friends! In this video I help you get the most out of your tax professional.
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-----Contents of this video-----------------------------------
0:00 - Intro
0:45 - #1 - What can I do differently in the future to improve my tax situation?
1:25 - #2 - How will my side-hustle (business) affect my taxes?
1:57 - #3 - What other services do you offer?
2:28 - #4 - Can I call you throughout the year for tax advice?
2:25 - Summary
3:10 - Call To Action
Most of us when we do our taxes, we want to be in and out from the tax place and go on with our business. But did you know that spending more time with your tax professional and asking him or her the right questions could save you more money?
**Today, I will present a few questions that could help you get more value out of your tax professional. That is assuming you have found a really good tax professional.
What Can I Do Differently to Improve My Tax Situation?**
- This is an open ended question and it could go in so many directions.
- Mainly, tax professional - your situation and his experience, keep more money in your pocket.
- How knowledgeable and if he/she cares
How Will My Side Hustle Affect My Taxes?
- This question is meant for you to pretty much get free tax advice on your hussle business (if you have one).
- This will also let you know how knowledgeable and well rounded your tax professional is and whether you can rely on him in the future.
What Other Services Do You Offer?
1. It is good to know whether your tax professional also does something else, maybe attorney services, maybe estate planning, wills, trusts, and so forth.
-
- If you have a good relationship with your tax advisor, you mind as well do more business with him or her.
- Can I Call You Throughout the Year for Tax Advice?
- Now this question will let you know if you should stay with this tax professional or not. How beneficial would it be to need tax help throughout the year and this professional not to be available. Maybe he or she makes a mistake with your taxes and would be great if they could support fixing their mistake.
My wife and I wrote the book: “LIFE LESSONS: From A Wiser Me to A Younger Me” In this book, we go into details of what were the biggest lessons we have learned up until now. Our intention for writing the book was for people to learn from it and not repeat the same mistakes we did. Also what we have learned in 10, 20 years, could be compressed in a few days of you reading the book. So there is a lot to gain :)
You could purchase it here: https://www.amazon.com/dp/B09JBHGSRF/ref=cm_sw_em_r_mt_dp_0QE4R3280AE5BMYH1SPK
*None of this content is meant to be interpreted as investment advice. It is for entertainment purposes only. The content in the video is accurate as of the day of the posting and may not be accurate in the future.
YouTube Link:
https://youtu.be/EMYirArOXDU
Hello Friends! How do we invest in times of uncertainty? Is it the same as in times of certainty? Watch today’s video to find out this and much more.
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-----Contents of this video-----------------------------------
0:00 - Intro
0:18 - Do we always live in times of uncertainty
0:54 - What do we do in times of uncertainty investing wise?
1:03 - Don’t place all your eggs in one basket, Diversify, diversify, diversify…
1:21 - Why Diversification is the way to go? Story and analogy.
2:20 - What are the best investing categories?
2:25 - #1 - BONDS
2:39 - #2 - Realestate
2:51 - #3 - Stock - ETFs - Mutual Funds
3:18 - #4 - Crypto
3:38 - #5 - Cash
4:41 - % of your portfolio dedicated to each category
5:00 - Call To Action
At the time of this recording the war in Ukraine is very active. I pray that it stops very soon and that peace is established once again.
Whether you realize it or not, we always live in times of uncertainty, whether that be a war, pandemic, house market crash, dot.com bubble, governments collapse. Of Course some of these things are more significant than others.
So what do we do in these times of uncertainty? Which again is almost all the time.
I really like the saying, do not place all your eggs in one basket. So my advice is really along the same lines.
Diversify, diversify, and again diversify.
Let’s take the analogy with all the eggs into one basket. Say you have 100 eggs and that is all you have. You eat the eggs and you produce the next season's chicks from these eggs. Not knowing much about diversification, you place all your eggs in one basket. Your children while playing accidentally knock down the basket and all your 100 eggs are ruined. Now you are left with no eggs.
Similar with investing, say you place all your money in real estate and then the 2008 house market crash happens. Or say you invest in tech stocks and then the dot.com bubble happens. In both situations, you may be left with nothing, because all your eggs were in one basket.
Here is my suggestion on what assets one could have to be considered well diversified:
- Bonds - considered pretty secure, and not very volatile
- Real-estate - same here, usually not as volatile as stocks, except 2008, has a pretty good consistent growth history
- stocks (etf, mutual fund - majority of your favorite stocks),
- crypto currency (smaller %),
- cash (I would have at least 6 month) - could be the bloodline in a time of uncertainty
As far as the % of your portfolio dedicated to each category it will deeply depend on your unique situation. Do you have an appetite for risk or not, Do you have a long time before retirement or not?
My wife and I wrote the book: “LIFE LESSONS: From A Wiser Me to A Younger Me” In this book, we go into details of what were the biggest lessons we have learned up until now. Our intention for writing the book was for people to learn from it and not repeat the same mistakes we did. Also what we have learned in 10, 20 years, could be compressed in a few days of you reading the book. So there is a lot to gain :)
You could purchase it here: https://www.amazon.com/dp/B09JBHGSRF/ref=cm_sw_em_r_mt_dp_0QE4R3280AE5BMYH1SPK
*None of this content is meant to be interpreted as investment advice. It is for entertainment purposes only. The content in the video is accurate as of the day of the posting and may not be accurate in the future.
YouTube Link:
https://youtu.be/mT2n4vESt-Q
Hello Friends! Often we choose a tax preparer just because it will cost us less for their service. Choosing a tax preparer on that alone, could cost you a lot of money in the long term. In this video I walk you through how to spot a shady tax professional.
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-----Contents of this video-----------------------------------
0:00 - Intro
0:25 - If IRS suspects that a tax professional is shady, all the clients are subject to a special review
0:44 - #1. Charging you based on the size of the tax refund
1:08 - #2. Offering to cash your tax refund check
1:53 - #3. Not asking for any documentations
2:19 - #4. Guaranteeing refunds or no tax liability
2:45 - BONUS. Do not sign any blank or incomplete tax refund
3:12 - Call To Action
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Charging you based on the size of a tax refund:
This violates the code of ethics which tax preparers must follow. The fee you pay should be based on the complexity of the tax return, not based on the amount. -
Offering cash refund checks for you:
Preparers are subject to penalties for doing this, and offering to handle refund checks is a red flag.
First, why would they want to do this for you? One obvious reason is they want to take a portion of it for themselves. On this note, also if you are getting a check, make sure it is from the IRS and not from some random bank of the tax preparer.
3.Preparing returns without asking you for documentation:
Signing off on a return without seeing documentation is illegal.
Documents that need to presented are social security and a government issued identification such as a driver license
- Guaranteeing refunds, or at least no tax liability, without even seeing your actual situation.
If you think about it - this is one of those too good to be true - therefore, run from it.
My wife and I wrote the book: “LIFE LESSONS: From A Wiser Me to A Younger Me” In this book, we go into details of what were the biggest lessons we have learned up until now. Our intention for writing the book was for people to learn from it and not repeat the same mistakes we did. Also what we have learned in 10, 20 years, could be compressed in a few days of you reading the book. So there is a lot to gain :)
You could purchase it here: https://www.amazon.com/dp/B09JBHGSRF/ref=cm_sw_em_r_mt_dp_0QE4R3280AE5BMYH1SPK
*None of this content is meant to be interpreted as investment advice. It is for entertainment purposes only. The content in the video is accurate as of the day of the posting and may not be accurate in the future.
YouTube Link:
https://youtu.be/s9HcPvzTpSg
Hello Friends! Would you like to pay less taxes? In today’s video I talk about some known and some unknown strategies that could help you keep more money in your pocket.
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-----Contents of this video-----------------------------------
0:00 - Intro
0:07 - Disclaimer
0:21 - Further Intro
1:00 - #1. Contributing to a 401K
1:59 - #2. Contributing to a Traditional IRA
2:45 - #3. Contributing to an HSA
3:45 - #4. Special Way to Trade Stock, Index/Mutual Funds
5:37 - #5. Find the best tax professional
5:57 - Call To Action
Disclaimer: This is for entertainment use only and you should contact your tax professional for your tax needs.
When You understand more how taxes work is like getting a bonus, paid more - keep more for yourself.
- Traditional 401K - reduces the taxable income, but not eliminate since it only defer it to later
- In the future - may not need as much as today (kids are gone, house is paid for)
- Reduce tax today and plan to be in a lower tax bracket in the future as well. Other combinations with roth IRA, but that is for another video.
- Traditional IRA
- similar to 401K, especially beneficial for those that do not have access to an 401K
- HSA - aka - triple tax advantage
- Money you contribute reduces taxable income today
- The Growth grows tax free
- When you use the money for qualified medical expense it is tax free as well
- But wait after 65, you can use the funds for anything. You will have to pay the tax as you would out of the normal 401K, but no penalty
- Special Way to Trade stocks/mutual/index funds
- If held for less than a year than you will pay ordinary taxes (meaning the gains will be added to your other income) - puts you in whatever tax bracket
- When you hold a stock/index/mutual for more than a year (do not sell it) you get special tax treatment. (mention the wealthy) It is not combined with your other income and the taxes you pay are 0, 15, or 20%. Most of us will pay either 0% or 15%. Net income of more than 460K to pay 20%. You can find all these details by a simple google search. Capital gains tax.
- Higher the Best CPA - You think that it is expensive. Wait until your friend messes up your taxes and you have to pay thousands of dollars in penalties to IRS and then You will say that it is expensive
My wife and I wrote the book: “LIFE LESSONS: From A Wiser Me to A Younger Me” In this book, we go into details of what were the biggest lessons we have learned up until now. Our intention for writing the book was for people to learn from it and not repeat the same mistakes we did. Also what we have learned in 10, 20 years, could be compressed in a few days of you reading the book. So there is a lot to gain :)
You could purchase it here: https://www.amazon.com/dp/B09JBHGSRF/ref=cm_sw_em_r_mt_dp_0QE4R3280AE5BMYH1SPK
*None of this content is meant to be interpreted as investment advice. It is for entertainment purposes only. The content in the video is accurate as of the day of the posting and may not be accurate in the future
YouTube Link:
https://youtu.be/1fEOzLc-bGI
Hello Friends! Have you ever lost money in the stock market? … and then lost again, and again, and again… That can be explained by the market cycle of emotions. Today, I will walk you through what the market cycle of emotions is and how not to fall prey to it.
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In today’s video we will look deeper into why most investors lose money as we take a look at the market cycle of emotions and talk about each phase in it.
My wife and I wrote the book: “LIFE LESSONS: From A Wiser Me to A Younger Me” In this book, we go into details of what were the biggest lessons we have learned up until now. Our intention for writing the book was for people to learn from it and not repeat the same mistakes we did. Also what we have learned in 10, 20 years, could be compressed in a few days of you reading the book. So there is a lot to gain :)
You could purchase it here: https://www.amazon.com/dp/B09JBHGSRF/ref=cm_sw_em_r_mt_dp_0QE4R3280AE5BMYH1SPK
*None of this content is meant to be interpreted as investment advice. It is for entertainment purposes only. The content in the video is accurate as of the day of the posting and may not be accurate in the future.
YouTube Link:
https://youtu.be/5EnPnRhSMng
Hello Friends! Have you ever lost money in the stock market? Today, I explain why most day traders lose money in the stock market. Then, I go into how to stop the losing cycle and win with investing.
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-----Contents of this video-----------------------------------
0:00 - Intro
0:33 - Two Main reasons why Investors Lose Money
0:44 - #1. Trying to Get Rich Quick
1:44 - Focus on Long-term Investing
1:52 - #2. Letting Emotions Drive Investing Decisions
2:59 - Pick Good Index/Mutual Funds and invest every single month
3:22 - Call To Action
A high percentage of investors are losing money when day trading. In today’s video I talk about 2 main reasons and my suggestions on how to not fall for this.
- Trying to Get Rich Quick; aka: Greed
This is what happens when investors try to outsmart the stock market with constant buying and selling to make fast profits.Especially when you see those so-called gurus that are trying to sell their courses on day trading. They show off money, fancy cars, or exotic travel, and you think it’s easy money. But 99% of the time, you’ll lose money following their advice. Ignore the get rich quick pitches or the “must have” investments, you should be focused on your long-term investment growth. If you chose to buy an investment, do so because you want to hold it long term.
- Letting Emotions Drive Investing Decisions
We are humans and having emotions is natural, it is a GOD given quality.But with investing, emotions tend to create very costly mistakes that drive bad decisions. Here are a few things that only amplify your emotions: Media scares you, stock market fluctuations go up and down, there are many experts telling you what to do, your attachment to specific assets.It is very difficult not to make emotional decisions. Instead of playing with individual stocks, pick a good index fund/mutual fund and keep investing every month whether the stock market is up or down.
Do not be one of the statistics. Instead chose long term investing in great index/mutual funds.
My wife and I wrote the book: “LIFE LESSONS: From A Wiser Me to A Younger Me” In this book, we go into details of what were the biggest lessons we have learned up until now. Our intention for writing the book was for people to learn from it and not repeat the same mistakes we did. Also what we have learned in 10, 20 years, could be compressed in a few days of you reading the book. So there is a lot to gain :)
You could purchase it here: https://www.amazon.com/dp/B09JBHGSRF/ref=cm_sw_em_r_mt_dp_0QE4R3280AE5BMYH1SPK
*None of this content is meant to be interpreted as investment advice. It is for entertainment purposes only. The content in the video is accurate as of the day of the posting and may not be accurate in the future.
YouTube Link: https://youtu.be/XinSnI8lD8c
Hello Friends! Is your current stock portfolio down more than you would like to see it? Is that keeping you up at night? Today I am bringing an urgent message about the stock market to all investors. In this episode, I am explaining what is causing the stock market pullback, in my opinion, and what to do next.
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Link to Graham Stephan on why the market is down: https://www.youtube.com/watch?v=Fsc_VLNdFFY
-----Contents of this video-----------------------------------
0:00 - Intro
0:33 - What is causing the current stock market downturn?
1:17 - Link to Graham Stephan on why the current stock market is going down.
1:32 - Comparison to 2008, House Market Crash and Dot-com bubble
1:42 - What to do next?
1:52 - What is the history telling us about the stock market?
2:48 - How good are your investments?
3:31 - When do you need the cash?
4:05 - Summary on what to do next
4:39 - What I am doing regarding current pullback in the stock market
5:00 - My Urgent Message to You
A few significant things going on: Higher prices (aka inflations), Supply chain bottlenecks, Slow in growth. Everything is caused by covid 19. We also have potential Rate hikes by the Fed - which if you have followed what these have done to the stock markets in the past, then there is nothing to worry in the long term.
If you want to know a few more details behind the reasons why the stock market pulled back then here is a link to a video that Graham Stephan did just recently. He did a great job explaining it in more detail there. https://www.youtube.com/watch?v=Fsc_VLNdFFY
**What to do next? Let’s answer 3 questions that will shape a recommendation on what to do next in the current stock market.
- What is history telling us about the stock market?**
If we look at S&P500, over year to date - not good; over 1 full year - not bad at all; over 5 Years - amazing, more than 90% increase; since 1982 - fenomenal.
**So the answer here is when you zoom out, take the bird's eye view, things are looking great, and there is no reason to sell.
- How good are your investments?**
3. When do you need the cash that is currently in the stock market?
My urgent message to you is to slow down, analyze, reflect whether your investment strategy is the right one for you.
My wife and I wrote the book: “LIFE LESSONS: From A Wiser Me to A Younger Me” In this book, we go into details of what were the biggest lessons we have learned up until now. Our intention for writing the book was for people to learn from it and not repeat the same mistakes we did. Also what we have learned in 10, 20 years, could be compressed in a few days of you reading the book. So there is a lot to gain :)
You could purchase it here: https://www.amazon.com/dp/B09JBHGSRF/ref=cm_sw_em_r_mt_dp_0QE4R3280AE5BMYH1SPK
*None of this content is meant to be interpreted as investment advice. It is for entertainment purposes only. The content in the video is accurate as of the day of the posting and may not be accurate in the future.
YouTube Link:
https://youtu.be/rERUf1NCwd8
Hello Friends! Have you ever thought that a slight change in your thoughts can bring you abundance in all areas of your life? In today’s video I am discussing how when you change your mindset you could double, triple, 10x your money in 2022.
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-----Contents of this video-----------------------------------
0:00 - Intro
0:30 - Changing Your Mindset to Double Your Money
1:00 - 80% of Millionaires are first generation
1:28 - Successful People
1:53 - Favorite Mindset Quote
2:13 - Change Mindset Suggestion
2:37 - Money Mindset
3:25 - What I heard from my dad
3:31 - Money Mindset Suggestion
3:54 - My Money example
4:05 - Final Call to Action
4:49 - Question of the day
As you Think so you become! Based on my own experience, this is so true. I can bring countless examples of how this manifested in my life, but instead I want you to think about when your thoughts brought things to life. This is very powerful.
Today we are talking about changing your mindset to double your money. I will discuss mindset in general, then I will go deeper into Money Mindset.
Why do some people succeed in life and some don’t? Is it because of their parents, their relatives? In some cases yes, but in most cases not. Take this stat for example 80% of millionaires are first-generation millionaires. They Started from nothing. This is according to Dr. Stanley, author of The Millionaire Next Door.
Here is my suggestion: change from things are hard, it is impossible; to: everything is Figureoutable (you can figure anything out); 100% Possible 100% of The Time. Suggest to find your favorite quote that would put you in this state of mind.
Money Mindset
What has been your money experience as you grew up? Did you hear that money doesn't grow on trees? Did you hear that money is evil? Did you hear that only crocks have money? Did you hear that you have to work till your eyes bleed for that one dollar? Or Did you hear that money is easy to earn? Anyone can earn a lot of money? You have to work smart, not hard; Money is units of freedom; Money gives you the freedom that everyone is striving for; Personally, I heard a lot the term 0+0;
My Suggestion is to change from: Money is evil; Money Does Not grow on Trees; Hard to earn; To: Money is energy; It is easy to earn it; Money allows me to make an impact in the world.
My wife and I wrote the book: “LIFE LESSONS: From A Wiser Me to A Younger Me” In this book, we go into details of what were the biggest lessons we have learned up until now. Our intention for writing the book was for people to learn from it and not repeat the same mistakes we did. Also what we have learned in 10, 20 years, could be compressed in a few days of you reading the book. So there is a lot to gain :)
You could purchase it here: https://www.amazon.com/dp/B09JBHGSRF/ref=cm_sw_em_r_mt_dp_0QE4R3280AE5BMYH1SPK
*None of this content is meant to be interpreted as investment advice. It is for entertainment purposes only. The content in the video is accurate as of the day of the posting and may not be accurate in the future.
YouTube Link:
https://youtu.be/n4OhXoZFy4Y
Hello Friends! In today’s video I discuss a concept that many of us desperately need help with, how to find your Purpose. The video definitely helps you get started and points you in the right direction.
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-----Contents of this video-----------------------------------
0:00 - Intro
0:34 - Ikigai Introduction
0:49 - Bonus Teaser
1:12 - Ikigai - Detailed Explanation
2:16 - What do you love?
2:47 - My example for “What do you love”
3:26 - What the world needs?
3:54 - My example for “What the world needs”
4:29 - What you are good at?
4:54 - My example for “What you are good at”
5:22 - What can you be paid for?
5:45 - My example for “What can you be paid for”
6:11 - My Ikigai Summary
6:44 - My Mission Statement
7:01 - Bonus
8:00 - Suggestion
8:09 - Final Call
Do you struggle to find out what you are put on this earth to do? What Your calling is, what your purpose is, what your Why is? You have come to the right place as I will present a tool that has helped me and many others find the Why.
Use the tool called IkiGai to get pointed in the right direction. I am sharing what it is, and my example.
What is it? Ikigai Japanese - Translated, the word ikigai means "a reason to live," or more specifically, "the reason to get up in the morning." something that gives a person a sense of purpose!
- What you love
- What the world needs
- What you are good at
- What you can get paid for
The point that intersects all 4 circles is called IkiGai. It is seen by the Japanese as the source of value or what makes one's life truly worthwhile.
For each question, I suggest you dedicate some quiet/uninterrupted time to ask the questions and then let your mind wander, pick up a pen and paper or digitally start typing whatever comes to you. Whenever you feel that your brain gets in the way, stop it and allow yourself to get back into the flow.
I suggest doing this at least once every year. Do it once and then each year update it.
My wife and I wrote the book: “LIFE LESSONS: From A Wiser Me to A Younger Me” In this book, we go into details of what were the biggest lessons we have learned up until now. Our intention for writing the book was for people to learn from it and not repeat the same mistakes we did. Also what we have learned in 10, 20 years, could be compressed in a few days of you reading the book. So there is a lot to gain :)
You could purchase it here: https://www.amazon.com/dp/B09JBHGSRF/ref=cm_sw_em_r_mt_dp_0QE4R3280AE5BMYH1SPK
*None of this content is meant to be interpreted as investment advice. It is for entertainment purposes only. The content in the video is accurate as of the day of the posting and may not be accurate in the future.
YouTube Link:
https://youtu.be/yTW--0Eii0o
Here I show you how to accumulate a lot of money by doing this one trick. Most of us refuse to do it since we are not aware of its potential. When done early, this will make you rich faster.
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-----Contents of this video-----------------------------------
0:00 - Start Investing Today
0:34 - Results of Investing $568/Month for 10, 20, 30, 40, 45 years
1:25 - Big Reveal
1:38 - Average car payment in the U.S. = 568/month in mid-2020
2:15 - It will make you rich faster
2:45 - Results of Investing $568/Month for 10, 20, 30, 40, 45 years with a slight twist
4:59 - My Suggestion
5:26 - Conclusion/Summary
5:43 - Inflation
6:15 - Thank you For Visiting, For Subscribing, For Liking My Video
6:41 - Until Next Time
Let’s Say you start investing from the age of 20 - $568/ month assuming a rate of return of 10% per year by the age of 10, 20, 30, 40, 45. This is when you will be 65.
10 years - $116K
20 years - $431K
30 years - $1.3M
40 years - $3.6M
45 years - $6M
The reason I am talking about $568/month is because the average car payment in the U.S. as of mid 2020 was $568 a month for a new car.
The sad news is that it only goes up every single year. Over 5 years it went up cum~ 18%. For example in 2015 it was ~ $480ave / month.
What I am suggesting here is to turn the car pmt into a monthly investment.
Now let's look at the numbers presented earlier, but now it will be more interesting. We will assume we invest for a period of time (10, 20, 30, 40) and then let stop contributing, but still keep the money invested at the same 10% assumption for a total of 45 year from the time we initially started.
Stop contribution after 10 years (age of 30) - $116K; after 45 years = $3.8M
Stop contribution after 20 years (age of 40) - $431K; after 45 years = $5.2M
Stop contribution after 30 years (age of 50) - $1.3M; after 45 years = $5.8M
Stop contribution after 40 years (age of 60)- $3.6M; after 45 years = $5.9M
Invest for the entire 45 years = $6M
My suggestion is to never stop investing, even if it is a small amount, I would still keep investing.
But, let’s say you do want to stop investing one day, that I would suggest making the sacrifice for at least the 1st 10 years and then go buy that fancy car that you always wanted. If you want to make it 15 years even better.
Lesson here is the earlier you start investing the better chance your money has to turn into millions or even more down the road. All you have to do is delay that new shiny car purchase by a few years.
Yes, inflation has an effect, indeed the same money today will probably be worth less, but 116K will definitely not gonna be worth $3.8M in 35 years, it will be much less than that.
My wife and I wrote the book: “LIFE LESSONS: From A Wiser Me to A Younger Me” In this book, we go into details of what was the biggest lessons we have learned up until now. Our intention for writing the book was for people to learn from it and not repeat the same mistakes we did. Also what we have learned in 10, 20 years, could be compressed in a few days of you reading the book. So there is a lot to gain :)
You could purchase it here: https://www.amazon.com/dp/B09JBHGSRF/ref=cm_sw_em_r_mt_dp_0QE4R3280AE5BMYH1SPK
*None of this content is meant to be interpreted as investment advice. It is for entertainment purposes only. The content in the video is accurate as of the day of the posting and may not be accurate in the future.
YouTube Link:
https://youtu.be/0BLcXmy856w
Are you new to investing in the stock market? In today’s video, I am presenting one way to start investing in 2022 in the stock market with no money at all to begin with.
Link to Acorns: https://share.acorns.com/vlaiovu
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-----Contents of this video-----------------------------------
0:00 - Intro
0:11 - My Goal
0:23 - Service that Rounds up every purchase to the nearest $
0:56 - One of those services is Acorns
1:03 - Sign Up
1:58 - How Does it Work?
2:44 - Benefits
2:48 - Benefit 1: Easy to Start
3:00 - Benefit 2: Match Your Investing Style
3:10 - Benefit 3: Low Risk
3:24 - Benefit 4: Easy to Withdraw
3:37 - Benefit 5: Pick Your Own Investments - Open a Retirement/IRA/Roth IRA
4:01 - Who is this for?
4:25 - Use the link in the description to sign up and you could earn $5
4:53 - Coming Up
For those of you that have no idea how to invest in the stock market, a great way is to use one of those services that would round-up every purchase you make with a credit or debit card and invest it in the market. It does the work for you! You do not have to do anything other than the initial set-up. One of those services is acorn. Here is the link: https://share.acorns.com/vlaiovu
Benefits
The reason I love this so much is that it is very easy to start and you get the benefit from investing even if you do not know much about investing. Your money grows according to your risk profile while you learn more about investing. Here, you work with very little money so there is not that risk of losing large sums of money. If you decide to withdraw your money, that can be done very easily through the app. Also, if you get their debit card, you can take out cash from more than 55,000 ATMs in the U.S.A. One extra benefit is that as you become better, Acorns also allows you to invest on your own, even open a Roth IRA and start saving for your retirement as well.
Summary
When you want to sign up, you can do so by using the link in the description. By using my link you could receive $5 when you join. This offer is only valid for a certain period, but regardless, if you see this video later I would still suggest giving it a try and start your investing journey.
My wife and I wrote the book: “LIFE LESSONS: From A Wiser Me to A Younger Me” In this book, we go into details of what were the biggest lessons we have learned up until now. Our intention for writing the book was for people to learn from it and not repeat the same mistakes we did. Also what we have learned in 10, 20 years, could be compressed in a few days of you reading the book. So there is a lot to gain :)
You could purchase it here: https://www.amazon.com/dp/B09JBHGSRF/ref=cm_sw_em_r_mt_dp_0QE4R3280AE5BMYH1SPK
*None of this content is meant to be interpreted as investment advice. It is for entertainment purposes only. The content in the video is accurate as of the day of the posting and may not be accurate in the future. By Using the link you could receive $5 when you sign up. I could also get a small commission. It all depends when you are using this service.
YouTube Link:
https://youtu.be/J9kU51NLnGM
Today I come to you with some of the simplest investing advice that you have ever heard. When followed, riches will enter your home.
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-----Contents of this video-----------------------------------
0:00 - Intro
0:03 - 5 Simple Investing Advice
0:11 - #1. Ignore the News
1:23 - #2. Stop Trying To Outguess the Market
1:53 - Investing Cycle Graph
2:55 - March 2020 Example of Stock Market Crash
3:25 - #3. Be Unpopular, be boring when it comes to investing
4:10 - #4. Automate your investing, put it on autopilot
5:07 - #5. Educate yourself on Personal Finance
6:08 - Summary / Bonus
In this video I am talking about 5 Simple Investing Advice that when followed wonders will take place in your LIFE; millions of dollars will enter your home
Ignore the news - financial news in this case
From 2008 to now, the media has predicted many stock market crashes. 99.99% of them never happened. They’re actors paid to sell advertising by scaring the heck out of you. Learn to invest instead. You’ll be happier and a lot wealthier.
Stop Trying to time the market
Stop trying to time the market jumping in and out. People try to out guess it. They won’t. (think back how successful you were in the long run by frequent buying and selling). So they buy high and sell low. Instead just let it ride.
Be unpopular / be boring (when it comes to investing:)
Everyone likes the new shiny investments. (just like the new car vs the old reliable one you already have :) ). You know the one that everyone talks about over at happy hour. You know what I am talking about, right? Like the latest crypto coin that went up 1000% in the last week only to come down even more. Run from it. Because it will most likely go back down just as it came up.
Engage autopilot/cruise control
Put your savings and investments on automatic. Most people wait until they have the money. Which is never. Automate. Every month. Goal for CASH to hit your investments, not your spending account.
Educate Yourself on Personal Finance
Education is less expensive than experience (i know this from my own experience as I lost $30K in playing with stocks). Learn before you place your money in any investments. Education may be expensive. But it’s a lot cheaper than mistakes.
Summary
Pretty much if you do exactly the opposite of most of your friends you’ll build a lot of wealth. To achieve extraordinary wealth you have to do what the ordinary don’t.
I am truly thankful for you coming to my channel and experiencing the content that I am putting together!
My wife and I wrote the book: “LIFE LESSONS: From A Wiser Me to A Younger Me” In this book, we go into details of what were the biggest lessons we have learned up until now. Our intention for writing the book was for people to learn from it and not repeat the same mistakes we did. Also what we have learned in 10, 20 years, could be compressed in a few days of you reading the book.
You could purchase it here: https://www.amazon.com/dp/B09JBHGSRF/ref=cm_sw_em_r_mt_dp_0QE4R3280AE5BMYH1SPK
*None of this content is meant to be interpreted as investment advice. It is for entertainment purposes only. The content in the video is accurate as of the day of the posting and may not be accurate in the future.
YouTube Link: https://youtu.be/AgUHGYMo8TY
Hello Friends! Do you want MORE money? :) If your answer is YES, then you will want to watch this video where I walk you through the best ways to save money very fast. Specifically I am talking about 5 Simple Tricks. Enjoy :)
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-----Contents of this video-----------------------------------
0:00 - Intro
0:03 - 60% of Americans cannot come up with $1,000
0:51 - 5 Simple Trick to Save More Money
1:09 - Tip #1: Prioritize Savings
2:07 - Automate Savings
2:33 - Tip #2: Sleep on it
3:25 - Shop Online Tip
4:02 - Tip #3: How many hours does it take to make the money to buy the object/experience 4:52 - Tip #4: How much will it cost in future money (10, 20, 30, 45 years)
7:08 - Call to action
7:17 - Tip #5: Have the desire to Save Money
8:16 - Summary / Bonus Description:
Shocking fact: 60% of Americans cannot come up with $1,000 in case of an emergency.
That could mean 1 car repair, 1 emergency room visit, Your iPhone giving up :) and many, many others.
Below are 5 things you can do to save more money starting today.
Prioritize SavingsSounds easy, but it is not as easy in practice as it sounds. Like anything in life, what gets prioritized, gets done. My advice to you is to save first, then spend what is left. Many spend and save what is left, which may be none or even negative. A tip is to automate the savings. It will be harder to stop the automation and spend the money.
Sleep on itYou would be surprised how many times after waiting a few days you do not want to purchase the item anymore.
How many hours of you working does it cost youFor those on salary, just calculate your rough hourly rate. I have to spend one week at work to make up for this :)I have to spend one year at work to make up for that, whatever that is.
How much will it cost in future money (money multiplier)If I invest this same money how much could they turn into 10, 20, 30, 45 years down the road. This could easily be done with an online calculator.
Have the desire to save moneyAs promised this is by far the most important one in my opinion. Just like anything in life - you have to have the desire to achieve anything. How many times your parents told you, do x or y, but until you have developed the desire, nothing happened.
SummaryIn the end, it all boils down to cutting down the spending by applying these simple 5 tricks. Becoming wealthy is more about habits than anything else.
If you refuse to do all of the above then go all-in with your current JOB
I am truly thankful for you coming to my channel and experiencing the content that I am putting together!
My wife and I wrote the book: “LIFE LESSONS: From A Wiser Me to A Younger Me” In this book, we go into details of what were the biggest lessons we have learned up until now. Our intention for writing the book was for people to learn from it and not repeat the same mistakes we did. Also what we have learned in 10, 20 years, could be compressed in a few days of you reading the book. So there is a lot to gain :)
You could purchase it here: https://www.amazon.com/dp/B09JBHGSRF/ref=cm_sw_em_r_mt_dp_0QE4R3280AE5BMYH1SPK
*None of this content is meant to be interpreted as investment advice. It is for entertainment purposes only. The content in the video is accurate as of the day of the posting and may not be accurate in the future.
YouTube Link (available 12:00AM on 12.13.2021):https://youtu.be/mglTm0Q_i7g
What is the biggest money mistake you have ever made? Oftentimes the biggest money mistakes that we make are EASILY avoidable. Here, I walk you through 3 biggest money mistakes to avoid at all cost.
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-----Contents of this video-----------------------------------
0:00 - Intro
0:49 - Question of the Day
0:58 - Mistake #1: Putting Money in Investments You Don’t Understand
1:52 - Biggest Ponzi Scheme - Bernie Madoff
2:21 - Mistake #2: Keeping Your Money in a Savings Account
3:29 - Money Market Account [Vanguard]
3:57 - Mistake #3: Making Money Your Ultimate Goal
4:38 - My Goal
5:49 - Call to action
Description:
In today’s video I am talking about 3 biggest money mistakes to avoid. You should never make these money mistakes.
I came to this great country at 19. I made quite a few money mistakes, but luckily I learned soon and got to build a great net worth since then. I have also had the privilege to help friends with their money questions and now they are also successful.
Mistake #1 - Putting money in investments that you do not understand.
Just because it sounds good, this is not a good reason to put your money into that investment. You have to do your own research, before acting on your money. You mind as well do nothing. This mistake is where a lot of people fall for the “get rich quick” scheme. You probably have heard of Bernie Madoff. He stole ~ $65B from people by tricking them to invest in his fund.
Mistake #2 - Keeping your money in a savings account.
Keeping in mind mistake #1, you can rather put your money in excess of an emergency fund in the stock market. You could simply start with an index fund.If you chose to still keep a lot of money in savings then possibly look into a Money Market Account. For example Vanguard pays ~ 0.50% which is far better than the sub 0.10% returns many saving accounts pay. That is 400% better.
Mistake #3 - Making the money your ultimate goal
Money should never be your ultimate goal. Money is the result of you doing something great. For example, my ultimate goal with this channel is to help as many people. My ultimate goal is not the money this channel will make. I know that when I help enough people, money will come. There is no way around that. Once one gets it and implements it, riches come from every direction.
I am truly thankful for you coming to my channel and experiencing the content that I am putting together!
My wife and I wrote the book: “LIFE LESSONS: From A Wiser Me to A Younger Me” In this book, we go into details of what were the biggest lessons we have learned up until now. Our intention for writing the book was for people to learn from it and not repeat the same mistakes we did. Also what we have learned in 10, 20 years, could be compressed in a few days of you reading the book. So there is a lot to gain :)
You could purchase it here: https://www.amazon.com/dp/B09JBHGSRF/ref=cm_sw_em_r_mt_dp_0QE4R3280AE5BMYH1SPK
*None of this content is meant to be interpreted as investment advice. It is for entertainment purposes only. The content in the video is accurate as of the day of the posting and may not be accurate in the future.
YouTube Link (available 12:00AM on 12.06.2021):
https://youtu.be/LsLso7w0gYM
One way to protect your loved ones, especially if they depend on you, is by getting life insurance. In today’s video I make it easy to understand the main points when deciding on getting life insurance and whether you need it or not.
đź”” Subscribe for more tips just like this: https://www.youtube.com/channel/UCcja7IBZ2VZVsCdmGDjZiRw?sub_confirmation=1
-----Contents of this podcast-----------------------------------
0:00 - Intro
0:20 - Question of the Day
1:17 - Who Needs Life Insurance
2:04 - How much Life Insurance do you need?
3:02 - What types of Life Insurance are there?
3:11 - Whole Life Insurance
3:46 - Term Life Insurance
4:20 - Call to action
Description:
Who needs life insurance?
Simply put, you need life insurance if you have anyone depending on your income. Many times those are young children.
How much life insurance do you need?
You need between 10 to 12 years of your current annual income. The idea is not to spend all the money in case of someone’s passing, but invest it and live off the income that it generates.
What are the types of life insurances out there?
There are many types of life insurance out there, but the most common ones are Whole Life insurance and Term Life insurance. Whole life combines insurance and savings into the same account. It is very expensive and I personally stay away from it. Term life insurance is simpler and it only includes insurance. It is also very inexpensive. For about $1M in coverage for a 30 year old individual will cost ~ $30/month.
It would help me a TON when you LIKE the video and SUBSCRIBE to my channel. My PROMISE to you is that I will keep making GREAT content that will take you one step closer to FINANCIAL INDEPENDENCE.
My wife and I wrote the book: “LIFE LESSONS: From A Wiser Me to A Younger Me” In this book, we go into details of what were the biggest lessons we have learned up until now. Our intention for writing the book was for people to learn from it and not repeat the same mistakes we did. Also what we have learned in 10, 20 years, could be compressed in a few days of you reading the book. So there is a lot to gain :)
You could purchase it here: https://www.amazon.com/dp/B09JBHGSRF/ref=cm_sw_em_r_mt_dp_0QE4R3280AE5BMYH1SPK
*None of this content is meant to be interpreted as investment advice. It is for entertainment purposes only. The content in the video is accurate as of the day of the posting and may not be accurate in the future.
YouTube Link (available 12:00AM on 11.29.2021):
https://youtu.be/O2rQMZVj4KY
I wish I knew all these in my 20s. Not too long ago I graduated from my 20s. I have learned a lot from my 20s.
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-----Contents of this podcast-----------------------------------
0:00 - Intro
0:46 - Question of the Day
0:56 - Be Kind to Yourself
1:57 - Try as many things as possible
2:58 - Invest in Yourself
3:23 - Get a Job / Start a business
4:22 - Start Investing and Learn Personal Finance
5:39 - Start a Family
6:28 - Spirituality
6:46 - Call to action
Here are the things I wish I knew early in my 20s.
1 - Be kind to yourself.
Often we are our worst enemy. We criticize ourselves the most. We need to first be aware of our internal toxic thoughts then spot it and change them with good positive thoughts.
2 - Try as many things as possible - you have the time
In order to find out what you love, what your passion is, you have to try as many things as possible
3 - Invest in yourself
Go to college, get a profession, or simply learn something that will help you earn an income. This will become your strong foundation for a successful future.
4 - Get a job / Start a business
Earn money - learn responsibility - prioritization - manage deadlines. This will prepare you for life. It gives you lessons that you would otherwise never learn
5 - Start investing and learn about personal finance as much as possible.
Here you are keeping up with building the strong foundation that will set you up for life. If you have money saved up then, maybe invest in a Roth IRA, a retirement account.You will thank yourself later. Priority #1 should be to stay out of debt. Then also invest if you have money saved up. Learn best practices with money.
6 - Start a family.
If you have the chance to start a family in your 20s then do it. Many find the right partner early in life, but are afraid of the long term commitment. Are afraid of responsibilities and push it for later. I personally got married @ 24 and this was one of the best decisions I have ever made. The commitment only made our relationship stronger and we grew together so much better.
7 - Spirituality
Connect with your higher self. Whether that be God or however you call it. For me personally, spiritually has been the biggest cause for growth and for finding my why in life.
It would help me a TON when you LIKE the video and SUBSCRIBE to my channel. My PROMISE to you is that I will keep making GREAT content that will take you one step closer to FINANCIAL INDEPENDENCE.
My wife and I wrote the book: “LIFE LESSONS: From A Wiser Me to A Younger Me” In this book, we go into details of what were the biggest lessons we have learned up until now. Our intention for writing the book was for people to learn from it and not repeat the same mistakes we did. Also what we have learned in 10, 20 years, could be compressed in a few days of you reading the book. So there is a lot to gain :)
You could purchase it here: https://www.amazon.com/dp/B09JBHGSRF/ref=cm_sw_em_r_mt_dp_0QE4R3280AE5BMYH1SPK
*None of this content is meant to be interpreted as investment advice. It is for entertainment purposes only. The content in the video is accurate as of the day of the posting and may not be accurate in the future.
YouTube Link (video will be public starting 11/22/2021 @ 3:00AM EST):
https://youtu.be/qx2XSQch5BY
Description
In this video I will present one strategy that I teach my children the investing concept from a very early age. As always, what I am talking about in this channel comes from my own experience and backed up with research.
Question of the day
Do you wish you would have learned the concept of investing your money from an early age? And for those of you that have started from an early age, what were some of the ways you did it?
Every single morning, my children and I are analyzing the stock market and determining when is the best time to enter the market. Just kidding of course :)
That is not the way my wife and I teach our children the concept of investing nor do we recommend this.
With every occasion, we teach our children delayed gratification. What is it? Sacrifice a bit today for a better, brighter tomorrow. For example, when we agree to give anything sweet to our children, we ask them: if you pass on the cookie (for example) now, daddy will give you 2 cookies tomorrow morning.
Does it always work? No, but it does work many times… The secret is to make the delayed outcome so attractive that they cannot say no.
Maybe instead of the same cookies, provide something that she likes more than cookies. For example Emma loves painting. We would say: “If you do not eat the cookie now, Mommy and Daddy will buy you a Disney princess painting book tomorrow.”
This concept is so simple, yet overlooked by many.
Why delayed gratification works with investing? By delaying the immediate rewards, you give your money space to grow and it will make you richer in the long term. On the other hand, if you spend it today, you are missing out on its future potential.
Once our children have mastered the delayed gratification concept, I explain that having everything in life works the same way. I teach them how money works and how they multiply. You sacrifice a bit today, for a bright, better tomorrow.
Friends, in order for this concept to stick, it has to be practiced many, many times. Also, making it a game helps tremendously. Children, as adults, love games.
Everything starts with you. Your actions speak much louder than your words. Watch this next video to see what I do to become an example for my children.
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My wife and I wrote the book: “LIFE LESSONS: From A Wiser Me to A Younger Me” In this book, we go into details of what were the biggest lessons we have learned up until now. Our intention for writing the book was for people to learn from it and not repeat the same mistakes we did. Also what we have learned in 10, 20 years, could be compressed in a few days of you reading the book. So there is a lot to gain :)
You could purchase it here: https://www.amazon.com/dp/B09JBHGSRF/ref=cm_sw_em_r_mt_dp_0QE4R3280AE5BMYH1SPK
*None of this content is meant to be interpreted as investment advice. It is for entertainment purposes only. The content in the video is accurate as of the day of the posting and may not be accurate in the future.
YouTube link:
https://youtu.be/RDaL-bCCBGk
Oftentimes we tend to complicate things. We may think that to be successful, we need to do complicated things that only a few are able to do. That is far from the truth. Being successful is simple, but not easy :)
In this video I talk about 5 habits that have completely changed my life to the better.
#1 Wake up early in the morning.
Waking up early does not come naturally for me. I have to push myself every morning to wake up early. The benefits are amazing. I get to spend time for myself before my children are waking up. I use this time to really develop for a better tomorrow.
#2 Put myself in uncomfortable situations.
This habit is really stretching and pushing me to new heights every single day. A few things that I do are from simple, taking cold showers, fasting once a week, to more complex, starting a YouTube channel, skydiving, and more :).
#3 Take action before I am 100% ready.
I used to be Mr. Perfect. I would not move until I have everything “perfect.” This really held me back from advancing. Today, I set my intention that things will turn out great and take action anyway.
#4 Take full responsibility for everything that happens in my life.
This has been a true game changer. I used to be in the habit of blaming others, my wife, my friends, the driver in front of me. When I stepped 100% into responsibility, things all of a sudden started to happen in my favor. I now have full control over my life and take 100% responsibility for everything that happens in my life.
#5 Meditation
If I were to rank all these, meditation would be #1. By far, meditation had the greatest impact on my life. I truly got to know myself better. Before, I was very uncomfortable with how I would react in unknown situations. Now, I know that no matter the situation, I will do the best in any situation.
*None of this content is meant to be interpreted as investment advice. It is for entertainment purposes only. The content in the video is accurate as of the day of the posting and may not be accurate in the future.
YouTube Link:
https://youtu.be/0OtVN2a7jac
I highly encourage to go on YouTube and watch the full video there. Not only will you see how I look, but you will also see a lot of great charts/ pictures / and so much more.
Description:
In this episode I go into why you should invest your extra money (in addition to your emergency fund) in the stock market.
Reason #1: keep up with inflation. This cannot be a better time to prove this. The U.S. government pumped a lot of money in the economy and that will inevitably bring the value of the $ down.
Reason #2: simply earn more money. Companies always innovate and create new and better products/services. Just look a few years back and then compare with today. We have some much more today. Things are advancing at a very rapid pace and by being in the stock market you too will take advantage and will be better off.
In the example that follows, I tell a tale about Rich and Paul. Rich and Paul are both 19 and going to college. One day Rich comes to Paul with this great idea to invest $2,000 per year from the age of 19 till the age of 27 and then stop. Paul does not like the idea very much since he wants to “live today.” He wants to go to parties, and buy the latest and greatest things. Nonetheless, he agrees that he will start investing at the age of 27. Since Paul will be late to the game, he agrees to invest from 27 till 65.
Summary:
Rich - invests from 19-27, $2K/year for a total of $18K.
Paul - invest from 27-65, $2K/year for a total of $78K ($60K more than Rich).
Assuming a rate of return of 10%, let's compare the results at the age of 65.
Rich - $1.1M
Paul - $0.95M
The delta only gets bigger, if they both keep the money invested till the age of 87 without extracting any portion, then they will have as follow:
Rich - $8.9M
Paul - $7.8M ($1.1M less than Paul).
This is only a story to illustrate my point, but nonetheless, this is very probable.
I would love to reach as many people as possible to share my passion and help more people with personal finance. For that to happen, I need your help. If you have enjoyed the podcast so far, please leave me a positive review on iTunes and also share the podcast with your friends and family. Thanks in advance!
https://podcasts.apple.com/podcast/id1562572891
*None of this content is meant to be interpreted as investment advice. It is for entertainment purposes only. The content in the video is accurate as of the day of the posting and may not be accurate in the future.
In this episode, I walk you through exactly how to get rid off all your money issues. I have personally used the same technique for the past several years and it has worked magic for me and my family.
This episode is also available on YouTube, where I share my video with a lot of graphics to help with the message.
YouTube link:
https://youtu.be/x5bXmfDPuxUÂ
In this episode I am walking over a very powerful concept that when you get it, you will have all the power in the world.Â
Very simple subject, yet very hard to do. In today's episode, I am presenting a very simple topic that when followed, wanders will take place in your life. Please listen till the end to get the full benefit.
I would love to reach as many people as possible to share my passion and help more people with personal finance. For that to happen, I need your help. If you have enjoyed the podcast so far, please leave me a positive review on iTunes and also share the podcast with your friends and family. Thanks in advance!
https://podcasts.apple.com/podcast/id1562572891
Do you ever find yourself being stuck financially and do not know which way to go?
In this episode I am talking about the number 1 reason why people get into stagnation. As a bonus, I am providing the solution to how to get out of stagnation and make progress in your financial life.
I would love to reach as many people as possible to share my passion and help more people with personal finance. For that to happen, I need your help. If you have enjoyed the podcast so far, please leave me a positive review on iTunes and also share the podcast with your friends and family. Thanks in advance!
https://podcasts.apple.com/podcast/id1562572891
We all hear about how we spend too much money, but do we ever hear about saving too much. Say whaaaaat! Is that even a thing? In today's episode I am bringing the awareness that sometimes we could be saving too much and end up hurting ourselves in the long run.
I would love to reach as many people as possible to share my passion and help more people with personal finance. For that to happen, I need your help. If you have enjoyed the podcast so far, please leave me a positive review on iTunes and also share the podcast with your friends and family. Thanks in advance!
https://podcasts.apple.com/podcast/id1562572891
How many times do we stop and reflect on how we are doing in life? This episode is all about that and more specifically related to the financial aspect of our lives.
I would love to reach as many people as possible to share my passion and help more people with personal finance. For that to happen, I need your help. If you have enjoyed the podcast so far, please leave me a positive review on iTunes and also share the podcast with your friends and family. Thanks in advance!
https://podcasts.apple.com/podcast/id1562572891
What do you need for a successful financial future? You need a strong financial foundation. In this episode I am talking about the key ingredients that make up that strong financial foundation.
I would love to reach as many people as possible to share my passion and help more people with personal finance. For that to happen, I need your help. If you have enjoyed the podcast so far, please leave me a positive review on iTunes and also share the podcast with your friends and family. Thanks in advance!
https://podcasts.apple.com/podcast/id1562572891
Break a bad money habit; easy to say, very hard to do. In this episode, I am walking you from the beginning till the end on how to break a bad money habit.
In this episode I am talking about how fasting regularly has helped me attract more money into my life. It really has helped me not only with attracting more money, but with so much more.
Have you ever wondered what is the easiest way to drop a bad habit? If yes, then you want to listen to this entire episode. In this episode I am talking about a very specific way of being committed.Â
In this episode I go over real life examples of when I was not integral with my money and then of when I was integral. Listen till the end to hear one great tip to help you stay in integrity with your word!
In this episode I am sharing a story that happened to me recently about identity/credit card theft. Listen till the end to get my opinion on what is the best way to protect your identity and your money.
In this episode I am talking about some very simple techniques to allow more money into your life. Very simple, yet not many people are aware of this.
Not only will you have more money in your life, in addition, you will be happier when you follow what I share in this episode.
In this episode I provide 5 things that I do to have my money work hard for me. When you master these 5 simple things then you too will have your money work very hard for you.
In this episode I share my opinion on how setbacks are gifts from God.Â
You would want to listen to the entire episode to get the teachable moments from my example and also much more.
In this episode I present my take on giving and receiving. I talk about common issues with giving and receiving and also bring specific examples.Â
Everything started happening for me when I allowed giving and receiving to take place in my life.Â
After listening to this episode, you will realize it, if you have not yet already, how important giving and receiving are.
In this episode, I am going over active vs passive investing. I start off with a story that I promised before I will share. I then go into more details about the active vs passive investing.Â
I am positive that after listening to this episode, you will be convinced which option is the right one for you.
As a bonus, below are the Vanguard mutual funds/ETFs that I personally invest in. Please do your own research before investing in these funds and invest at your own risk.
- VLCAX -Â Vanguard Large Cap Index Fund Admiral Shares
- VIGAX - Â Vanguard Growth Index Fund Admiral Shares
- VGT -Â Â Â Â Vanguard Information Technology Index Fund ETF
- MGK -Â Â Â Vanguard Mega Cap Growth Index Fund ETF
- VSEQX -Â Vanguard Strategic Equity Fund Investor Shares
- VSMAX - Vanguard Small-Cap Index Fund Admiral Shares
- VWIGX -Â Vanguard International Growth Fund Investor Shares
- VITAXÂ - Â Vanguard Information Tech. Index Fund Admiral Shares
In this episode I am talking straight from my experience. Not only do I provide the no.1 key, but I also provide personal examples.Â
In this episode I am walking you through my thought process of buying a car. You may find out that the question is not really new vs old, but rather how much you should spend on a car. To find out this and more, listen to the entire episode.
In this episode I go over the main pros and cons of paying off home mortgage early. I also go into my personal experience, what I did and what I am doing currently.
In this episode I am answering 3 main questions related to personal net worth statement. After you listen to the entire episode, you will receive the answers to the questions and so much more!Â
This episode answers 2 questions:
   1. Do you really respect your money?
   2. What does respecting money means for you?
In this episode, I will bring 5 valuable points that will show you how a budget could allow more money into your life.Â
In this episode I talk about 2 keys that when one follows, will help him or her win with money. Guess what, these 2 keys could really help you win with anything in life.
In this episode, I am sharing what are the pros and cons of using a credit card. I, personally, have been on both sides, with credit card, with no credit card, and now, I am back having a credit card. This is a very controversial topic and what I am explaining here is based on my own experience.
In this episode, I go over a few simple, yet very powerful ways on what to do with extra money that may come in your life.Â
This is the very first episode of the "Yes to Money" podcast. This is where I introduce myself and talk about the value that I will be bringing with this podcast.