How to Hack the System and Get Rich | Warren Buffett | Big Money Investing Review
Video Transcript
Welcome to Big Money Investing
Your Ultimate Destination for Learning From Big Money and How You Can Succeed Too!
Are you ready to take it to the next level?
Investing into sound investments like big money does. Subscribe to the Big Money Investing Channel
we all wish to see plenty of money whenever we open our wallets but not everyone can boost their income to that level and consistently Achieve Financial results day after day money is something you can and should manage your earnings will always depend solely on your actions States war and Buffett what steps should you take to grow your money day byday step by step you’ll find out only by watching this video Until the End welcome to the money Channel hit the Subscribe button and join the club of future millionaires the old secret of wealth wealth is not a what but a who said Napoleon Hill so to increase your income you need to become someone capable of Paving the way to it in his book Think and Grow Rich he’ll clearly outlined three main principles that help a person properly build substantial earnings these are Rock Solid self-confidence continuous and conscious expansion of your comfort zone action oriented mindset self-confidence means seeing yourself as someone capable of succeeding or at least doubling your income right now no matter what what’s happening in the world what others say or how your family views your idea you firmly believe you can earn more are ready to act on it and won’t stri from your path expanding your comfort zone is a classic method of growth including your financial skills action is the bridge between our inner and outer worlds even if what you want is just a few steps away you’ll still need to get up and take those steps to reach it nobody ever got a raise by just dreaming about it and no one found ways to boost their income without doing something about it there’s always action standing between between a dream and making it happen Warren Buffett remarked in a Bloomberg interview ways to increase your income make your money circulate money being energy charged responds to your attitude towards it if you waste it on trivial things it won’t come to you in larger amounts being overly Frugal isn’t good either so diversify your income and spend money on various things buying genuinely needed items investing for returns saving for big purchases and making charitable donations this will make your money circulate and bring you more significant sums make use of your free time remember time is our most precious resource you can either waste it or use it to your advantage if you have extra time try to make it beneficial learn acquire new skills and gain experience in other words increase your market value and future income change yourself to change your status if you want the World to Change start by changing yourself don’t expect to wake up one day to a promotion you become as much of an expert as you can handle if you want change dedicate time to self-improvement and set new goals stand out with fresh approaches to work or unique ideas for improving processes green the office space organize recycling be the initiator of change redistribute your finances according to statistics most people spend 40 to 100% of their monthly income on shopping don’t forget about smartphones tablets and vacuum cleaners bought on installment plans these monthly payments count as shopping too to shop smartly follow these three Simple Rules number one make a shopping list before you go stick to buying only what’s on the list number two never shop for groceries on an empty stomach number three try to pay with cash most find it easier to spend invisible money than physical cash in Hat by the way for the same reason it’s always easier to spend someone else’s money ignore advertising the engine of Commerce is meant not to show you the value and usefulness of a product but to get as much money out of your wallet as possible the same goes for Holiday discounts and promotions ignoring smart marketing strategies is equivalent to increasing your income regularly record ideas here’s a simple technique that can help you make significant progress towards a consistently High income in a short time get a notebook and Pen ready step away from all tasks and concerns turn off your phone and just think have a little brainstorming session write down all the ideas that come to mind even the most unreasonable ones if they relate to finances increasing personal income creating new sources of profit or ways to learn useful material develop the ideas that come to mind outlining clear paths to implement it devote 15 minutes daily to this exercise sooner or later such activities will lead to a genuinely useful idea that can bring money friends wealth is available only to those who understand modern finance and geopolitics for example did you know that India is joining the race for global economic leadership according to economists forecasts it could become the richest country on the planet within the next 35 years how is this achievable and why might its closest competitor China lose out you need to know this if you want to understand what true wealth is a video on this topic is already available on our French Channel simple economics the link is in the description never lose money rule number one never lose money rule number two never forget rule number one it might seem like odd advice after all who thinks losing money is a good idea but it’s not that simple it’s very wise and practical advice to avoid risks as much as possible to stay successful and live happily never risk what you need for what you want Warren Buffett himself followed this Rule and never made risky Investments he said the difference between successful people and really successful people is that really successful people say no to almost everything form healthy money habits speaking to students Buffett once said Mo behavior is Habitual and the chains of habit are too light to be felt until they are too heavy to be broken we’d all like to break some habits but the most important one we should develop is the habit of saving money properly don’t save what’s left after spending spend after you’ve saved to make this painless it’s best to set up an automatic deduction of a small amount from each paycheck and use apps that show the breakdown of your monthly expenses across different categories don’t keep all your money in bank keep some in cash another unexpected suggestion considering Buffett’s net worth of $132 billion his company Burkshire Hathaway always has around $20 billion in cash ready to deploy nearly a quarter of their assets this seems unwise and goes against the general principle of Finance years to invest money and not keep it under the mattress he indeed loses out by not having this money invested in earning a profit but this very practice saved his company during the 2008 crisis and Buffett Still Remains in the top 10 of super successful investors as Buffett says cash though is to a business as oxygen is to an IND idual never thought about when it’s present the only thing in mind when it is absent and dollars are trusted more than checks this rule is especially important for those with irregular income think in terms of decades not months most people make the same mistake of trying to maximize the benefit of the current moment don’t chase quick bucks focus on growing your strength and confidence gradually throughout your life advised Warren Buffett successful investing takes time discipline and patience no matter your talent or the enormous efforts you put in some things just take time you can produce a baby in one month by getting nine women pregnant Buffett said think in terms of decades gradually accumulating the sums needed for your children’s education or your retirement don’t borrow you don’t need to take loans in this world at all Buffett is very strict about this he said if you’re smart you’ll make your interest work for you rather than working to pay interest if you manage your own money read about Finance go to bed smarter than when you woke up as an investor my main job is to minimize risks and cut costs but what does risk mean for the average person who isn’t a finance year risk comes from not knowing what you’re doing the more you learn about money and the laws governing it the better your financial literacy will be and the better you’ll manage your money making the most of what you have money isn’t everything some material things make my life more enjoyable many however would not I like having an expensive private plane but owning a half dozen homes would be a burden too often a vast collection of possessions ends up possessing its owner the asset I value most aside from health is interesting diverse and long-standing Friends admits Buffett don’t jump step over you don’t need to have extraordinary effort to achieve extraordinary results the most important quality for an investor is temperament not intellect you need a temperament that neither derives great pleasure from being with the crowd or against the crowd I don’t look to jump over 7ft bars I look for one foot bars that I can step over decide that you want to get rich to be a rich man you have to believe in your success Buffett once said I always knew I’d be rich I guess I never doubted it for a minute to get better results we need to set high expectations and work hard on our goals let yourself your family and friends understand that you must become financially independent create your future with a plan realizing when to be strong and assertive instead of being conservative start saving early on by the age of 15 Warren Buffett had had earned $2,000 delivering newspapers and selling magazine subscriptions he used $1,200 of his income to invest in a farm and entered into a profit sharing arrangement with its owner start saving money as early as possible to make it your habit invest in profit when Buffett was in high school he and a friend bought a pinball machine according to the biography of a prospective billionaire his friends put it in a barber shop and quickly made enough money to buy more machines and put them in other stores eventually they sold all the machines and made $1,200 if you want your fortune to grow the best thing to do is to keep investing in the business learn quickly Warren Buffett studied 3 years in college instead of four even though the cost of training was lower than it is today it helped him to Save A Lot nevertheless this example is essential for today’s students don’t give up after rejection that’s what Warren Buffett always teaches you may be surprised but Harvard Business School didn’t accept Buffett for post interiew training but he didn’t get upset he went to Colombia where he met Benjamin Graham an investment industry Legend Graham became Buffett’s mentor to a large extent this acquaintance determined his future success act in person in 1951 when Buffett was looking for companies to invest he stumbled upon Geico to explore the potential he went to the company’s headquarters According to some information the office was closed but a Watchman let the investor in fortunately there was a man in the company that Buffett made one of his first deals with Geico is now a subsidiary owned entirely by Burkshire Hathaway be persistent after graduation Buffett wanted to work on Wall Street he wanted to work for Graham but Graham said no Buffett eventually returned to Omaha but continued to communicate with Graham and exchange ideas as a result the mentor offered his students to work for him if you’re being turned down by a potential employer that you really want to work for keep building a reputation in his eyes until you get a positive answer improve your public speaking skills good oratory skills are a powerful skill for promoting business and yourself Buffett admitted that he used to be terribly afraid of public speaking but he took the steps even a personal course from Dale Carnegie not just to be able to talk but to use it as one of the best business tools mental blocks that hold back your income many of us grew up with the mindset that being rich is shameful and bad books and movies often show wealthy people as evil mean characters who always end up in trouble since our minds tend to identify with the good guys kids basically get the idea hammered into their heads that having lots of money is bad and dangerous parents and people around us often reinforce this too if you want to boost your income you’ll need to do some serious work on yourself or get help from a coach this work will help you spot and get rid of all the mental blocks holding back your financial success for instance you might truly believe you can earn big money or you might be unconsciously avoiding wealth because you think being rich is dangerous ever wonder why some people effortlessly attract wealth and success While others spend years investing time and energy only to end up with nothing you’ll be shocked but the answer is embarrassingly simple it’s all about small habits to avoid these are the very habits that Doom you to a 100 Years of poverty no need to look far for examples billionaire Warren Buffett is among the top 10 richest people globally with over $132 billion to his name yet he lives an unusually modest life Buffett doesn’t D at restaurants preferring fast food and doesn’t buy designer Brands even his iPhone is just a gift from Apple imagine that Warren like other rich and successful people has simply avoided things that Doom want to Poverty as whole life today you two can uncover the main secret of billionaires and learn which habits Doom you to Poverty watching various interviews with Warren Buffett today it’s hard to believe he was once a very shy and uptight guy who struggled to talk to people over the years I’ve certainly learned to speak in public I was terrified of speaking in public especially when I had to speak in public in high school or college Buffett says in one interview the future billionaire had to pay for Dale Carnegie courses back then to overcome his fears and once Buffett started speaking he immediately began earning big money on the stock market with his words sometimes the right word at the right moment can help you save a couple of dollars now and earn a million in the future once Buffett analyzed his weaknesses corrected them and began to build a billion doll Capital around himself he first removed habits from his life that would would Doom him to Eternal poverty and bad luck the billionaire created an entire checklist of things that drain money from your wallet you shouldn’t show off your money some people get dizzy from Rapid wealth never having handled large sums of money or knowing how to manage it such people start behaving inappropriately buying expensive but completely unnecessary things or spending on crazy entertainment a fountain of expensive champagne eating caviar by the Spoonful excessive shopping all attempts to shock the public and gain Fame through available money but throwing away money isn’t allowed for anyone and life shows that people with such Behavior very soon lose the easy money that fell into their hands Buffett fiercely adheres to the principle of saving money many mistakenly see his approach as stinginess although in reality the billionaire understands that any amount of money should be simply treated with respect and frugality then the money will reciprocate and continue to come into your life this is exactly why Warren Buffett behaves so economically and most importantly this approach gives results and the universe always supports Warren for example his company Burkshire Hathaway has remained afloat for many years even despite the crises of 2008 and 2020 you shouldn’t live by the motto not worse than others the desire to imitate others does terrible things to people if a friend has an expensive phone I should have one just as good the neighbor bought a luxury car am I any less a friend showed off a new diamond ring am I poor these are the kinds of phrases that kick kick off a process driving modern people into real Financial bondage the desire to live just as well and to have things others already have pushes people into rash actions without considering their financial capabilities people take out bank loans buy things on installment but can’t afford to pay for them the result is huge debts and a miserable existence forcing them to work solely to pay off loans Warren Buffett always says that everything comes to those who know how to wait so in the pursuit of wealth the one who knows how to Waits always wins you shouldn’t worship expensive Brands Buffett believes that the current generation lives in an era of branded items these are the most ordinary things no better or worse than others but widely advertised and therefore incredibly popular which significantly affects their cost people who want to stand out from the crowd are willing to pay huge sums for Branded items even ready to go into debt and live on a tight budget in reality for huge money they get a mediocre item no different from a cheap alternative it’s set about such people that’s showing off is more important than money but surrounding yourself with overhyped branded items can only earn you fake popularity while driving you into huge debts becoming a slave to things you shouldn’t live beyond your means there’s a category of people who’ve learned to earn big money but haven’t learned how to spend it wisely they don’t flaunt money don’t try to impress others with expensive purchases they just lack a culture of consumption which causes their earned money to slip away like sand through fingers these individuals might invest inv in a business without understanding it or buy expensive things without measuring them against their real income usually this approach to money is typical of people who’ve come from humble beginnings and weren’t taught how to handle money Buffett emphasizes that these people’s spending is Thoughtless and it’s exactly this that leads to constant money leakage and the threat of poverty you shouldn’t look down on the poor some people especially those who’ve suddenly come into money and risen from Rags to Riches start looking down on others particularly the poor and those barely making ends meet you could say these people are obsessed with their material status this happens because they’re nothing special as individuals and have no other way to stand out people with this attitude towards others struggle with communication they have trouble building relationships they’re unreliable and you can trust them Buffett believes you can build a good business with a bad person over time this problem leads them to lose money sometimes to the point of going completely broke it’s hard to break free from poverty changing your life is really hard especially when you have to give up something familiar for potential future gains Warren Buffett calls this the first test on the road to wealth the sacrifice isn’t tragic it just often brings a lot of inconveniences but by taking the step like giving up brand names or living within your means you become a money magnet the effect won’t be instant because you need patience but in the long run you’ll say goodbye to Poverty for good and can finally enjoy your personal wealth write in the comments right now I will be become rich just those words I will become rich this will tune your body and mind to receive big money and you’ll definitely reach the top it’s a crucial ritual don’t skip it also don’t forget to watch the video about India challenging China’s dominance and aiming to become a world economic leader the video will pop up on screen now this is the money Channel you will get richerWelcome to Big Money Investing – Your Ultimate Destination for In The Money Facts!
🌴 Discover the Big Money Investing Strategies on Metals and Real Estate Investing. 🌊
Experience the world of finance with Big Money Investing. We bring you the latest and greatest from Big Money Investors, showcasing the whys, how-to’s, and best practices. Whether you’re planning a short—or long-term investment, preparing is the first and most important step. The Big Money Investing channel is a great go-to investment advice source
🔥 What You Can Expect:
- Exclusive Financial and Big Money Investing How-To’s
- Big Money Financial Traits: Learn how to mix and match your perfect investment portfolio to match the planned-out time horizons.
- Financial Learning Is A Lifestyle Change: Stay financially fabulous with our expert investing tips, real estate practices, and healthy lifestyle advice.
- Behind-the-Scenes: Get a sneak peek into how the Big Money Investors spend some of that return, from photoshoots to interviews with the experts.
👙 Why Subscribe to Big Money Investing?
- Stay Updated: Be the first to know about new investment ideas and most importantly what not to be part of in today’s age.
- Inspired Goals Lend Motivation: Get inspired by our Big Money Investors’ vibrant and diverse lifestyles, a perfect view at times.
- Engaging Community: Join a community of financial enthusiasts and wealth producers who love to share their passion for life with others.
🔔 Subscribe Now: Hit the subscribe button and turn on notifications so you never miss an update from Big Money Investing. Join us on this fabulous journey and transform your financial situation with the latest trends and tips from Big Money Investing. Thank you for being a part of our amazing community.
#BigMoneyInvesting #big #money #investing #lifestyle #investors
Support Big Money Investing Sponsors
-
Book Sets, Books, How Big Money Investors Think About Money, How To Think Like A Big Money Millionaire
Big Money Financial Investment Management Book Set
$85.44 – $177.66Select options This product has multiple variants. The options may be chosen on the product pageQuick View -
Books, How To Think Like A Big Money Millionaire, Top Level Communication Skills
How to Talk to Anyone by Leil Lowndes 92 Little Tricks for Big Success in Relationships
Original price was: $18.24.$12.89Current price is: $12.89.Select options This product has multiple variants. The options may be chosen on the product pageQuick View -
Books, How To Think Like A Big Money Millionaire
Poor Economics By Abhijit V.Banerjee
Original price was: $18.09.$12.14Current price is: $12.14. -
Book Sets, Books, How Big Money Investors Think About Money, How To Think Like A Big Money Millionaire, Spiritual, Wealth Creation
7 Book Set – Master Your Time – Master Your Beliefs – Master Your Destiny – Master Your Thinking – Master Your Emotions – Master Your Motivation – Master Your Focus By Thibaut Meurisse
Original price was: $93.43.$67.33Current price is: $67.33.
Leave a Reply