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37 comments
I don’t see why Dame Ramsey is included here. The advice he gives is simple but solid.
I love that this pre-dates Caleb Hammer
Gimme the postcard.
I have content that talks about AI illuminating dangerous jobs and therefore eliminating the need for finance
Some of those YouTubers have no idea what they are talking about.. I unfollowed all of them.. turned out they were wrong about real estate.. and stocks… one of them even encouraged everyone to sell real estate and then prices went up for many more years.
Dave Ramsey has lots of bad advice. So i disagree with you about him.
I am not goin to be rich, but I am rich right now!
Do you mean the gravy train that you’re on? Lol
Graham stephen like to teach people property investing but most of his income comes from youtube and being a realtor. Anyone can do what he does if they have as much money. So if Jeff bezos buys a hundred properties tomorrow he also can teach a course on property investing.
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Really thought-provoking. It's important to have these conversations about financial advice and the responsibility that comes with influence. Appreciate the honesty and perspective
Don't underestimate the effort involved in becoming a rock star. A lot of people who don't make the effort try to get on that path because it looks more fun than a regular job. But the ones who've made it big are the ones who put in efforts way beyond what the average office worker commits to their job. Same goes for athletes.
Meet Kevin, Minority Mindset, and Andre Jikh suck though lol. Why are they so popular?? Andre was "okay" until he started heavy in the dividend stocks and crypto content.
Also, these types of channels have HEAVILY clickbaity titles, even if the actual content is really good. COUGH*GRAHAM*COUGH
00:02 "You are probably NOT going to be rich" 😮
*immediately clicks out of the video.
Meh, I'm educated, own a house, gay, don't want kids and have a good goverment job. My chances are pretty high up there.
I dropped out, college wasn't gonna be a good ROI for what I wanted to do. I make double what I would of had I stayed. The trades are where it is
Lol. In US you can be rich as a doctor. The rest of the world has public health care and doctors are just regular people there
One thing that I need to point out is the so called survivor ship bias, it's not that they are survivors, they are the outliers, most individuals' will never be like them because they're simply not capable of being like them were smart enough to be put simply.
Not only dare not smart enough, but there are also two indoctrinated by the school systems the fact that they are so stupid, made it that they are more prone to lower income without a college paper. However, you're definitely correct that their advice does not apply to everyone. stupid people should do stupid people things. It's not condescending, but it's simply a objective observation.
You should do a collab with Ben Felix or the plain bagel
the first ten seconds of this video is the most important lesson you have given (I enjoy the other lessons as well)
Hitchhiker's Guide reference? That's an instant thumbs up!
Finfluencers with thumbnails of their mouth hanging open or their arms spread out crouching in front of a Lambo are always a hard pass. Just sit in front of the camera, be relatable, and give reasonable advice. My dad was a salesman. I know all the tricks. There is no “to the moon” for anyone other than the personality pumping the coin.
I guess if I'm not gonna be rich, I'm never going to actually succeed because no one can succeed as a poor or middle class person. Rich people live the easiest lives
Had a realized loss of $27K listening to "Meet Kevin's" advice to buy SFT. He insisted it "MUST be part of your portfolio".
Such helpful content, keep it up!
Humphrey Yang is a good one.
This video is good. I’m a millionaire and I want to tell you how it works in reality. There is no quick route (without risk). Slow and steady is the way to go. In order to become a millionaire guaranteed : get good qualifications so you can out-earn your peers. Get qualifications that will allow you to work internationally too where you can pay less taxes. Engineering or law are good choices. Then consistently delay gratification by underspending your income and investing as much as you can in stock etfs (low fees, no margin) and investing in property where you can get a decent yield (like 7 -9%) with a max LTV of 50%. (commercial is less hassle with higher yields). Stress test your property portfolio, ie if my tenant moved out and the property was vacant for 6 months could I survive? Finally choose your spouse very carefully. Other than that if you are lucky to avoid health issues (self inflicted or otherwise) you will make it. GLA
"HEY GUYS, HERES MY $50M DOLLAR PORTFOLIO, HERES HOW I CAN MAKE YOU RICH! FORTUNE BELONGS TO THE BOLD!"
"oh oh oh by the way, this is NOT financial advice! you can't sue me!"
I remeber i read a money book i thought was a scam, but it not just warned me thinking some new ass invetuon could make me rich. It just siad make smart invesment and save, then you could be a millionare…in yours 50's.
Im not even sure if that advice vould worl in a modern economey, but was surprsingly realistic.
Graham? Really? Aged like milk.
Ramsey and Meet Kevin are on the opposite ends of making money.
WARNING: This video states becoming a DENTIST is a guarantee of a high income/standard of living. This is no longer the case.
Student loans……upwards of $500,000 for general dentist. Upwards of $800,000-$1M for any specialists other than oral surgery.
Practice set up or purchase…..to make potentially make a higher income, a dentist must have his/her own practice. This involves significant risk and another $300,000-$800,000 "investment".
You can get a job for $170,000 per year before taxes…..and pay back $4,000 per month for 15 years (before paying for a house, car, food, kids, retirement, etc.)
$170,000 minus $50,000 (taxman) minus $50,000 (student loans)……equals $70,000….before a house.
Oh, and you've foregone 8 to 11 years of income during undergrad/dental school/residency.
Dental residents HAVE TO PAY FOR THEIR RESIDENCY to become a specialist (except oral surgery).
Don't become a dentist today (from a retired dentist who's also a CPA with an MBA).
Don't marry a dentist thinking you'll be wealthy….you will not.
I noticed the same thing as I was checking out a number of YouTube influencers channels. I found that a lot of the advice on YouTube was hyperbolic and grounded in nearly zero evidence (and these analysts regurgitating what they heard on CNBC). That is one of the reasons I started my channel (https://www.youtube.com/@dudewithdiamondhands). I was formerly an institutional investor (University Endowment) and spent 5 years at Goldman. I’m quasi-retired now, teaching University-level investment classes. My hope is to bring institutional level quality perspectives to investors. Wishing everyone investment success!
There are people out there hows job is to help people get into investing smartly ask them for help not youtubers how make more money in a month than there viewers make in a year
How dumb I am on this video.😅
No one just becomes a rock star. That's not how the industry works. To an outsider, it can of course seem that way. It's a bit rude to say that it doesn't require a lot of work.
Why aren't there any ads in these videos ?!😶
I think I have to subscribe