10 Things The RICH Teach Their Kids About MONEY

No video

10 Things The RICH Teach Their Kids About MONEY

Рет қаралды 1,320,588

The Better Men Project

Күн бұрын

Пікірлер: 939

@kmydesire12 5 жыл бұрын

I wasn’t taught about money. My son is 12 and I refuse to repeat the cycle. We gotta teach them young

@LarennJay 5 жыл бұрын

Thats right!!

@sandybosleyrvresortgod2577 5 жыл бұрын

I'm learning what heaven is about. People say different things. 1-Did anyone teach you about heaven 2- is heaven only after we die dead on earth or is heaven here 3- will we use dollar money in heaven 4- What's taught in heaven or do we know everything there If we know everything there what will we know about money 5- What will we do for fun in heaven

@thediamondmindgrouptv6095 5 жыл бұрын

Im at that stage now ..

@jcruz04 5 жыл бұрын

we are in the same boat. I entered the financial services industry a few years ago, and got to see how the rich handle their money in person. I'm starting to financial concepts course for kids this summer!

@DJ_MH_Remixes 5 жыл бұрын

Kareen Mondesir good. 6K in a month is to Unreal for 90%+ of al poeple

@WayneTheWolf 5 жыл бұрын

Summary of this video: 1) Rich Parents Teach The Importance of Money. 2) They Teach The Difference Between Assets and liabilities. 3) How to manage their money(include kids). 4) Teach different ways to earn money. 5) Developing productive habits. 6) No One Owes You Anything. 7) Social and influence skills. 8) Delayed gratification(patience). 9) There is ALWAYS More Money. 10) The Best Way To Make Money Is It Help Others. 11) Bonus: They understand they can’t know everything. Surround yourself with people that know more than you... Gift: Option to join “The Social Influencers Academy” that can teach you how to build a successful KZfaq channel. AMAZING INFORMATION IN THIS VIDEO!

@patty109109 5 жыл бұрын

Wayne The Wolf thanks. Saved me 15 minutes.

@robertgray320 5 жыл бұрын

@@patty109109 You're the real MVP, 15 MINUTES SAVED!

@somyan8540 5 жыл бұрын

Should be tought in Schools.

@WayneTheWolf 5 жыл бұрын

Antonija Juric If this what taught in schools then who would we pay minimum wage to??

@justmeonthebeach 5 жыл бұрын

Thanks

@mssonyah09 4 жыл бұрын

I’m teaching my grandchildren on a weekly basis Spanish, French, Arabic, they are 7 & 8 already speaking 4 languages. Money management, Real Estate and History. I’m a source of information passing it down to my grandchildren’s generation.

@TheBetterMenProject 4 жыл бұрын

That’s is awesome! They’ll grow up with a great advantage not many people have. Good job

@dasari29 4 жыл бұрын

Hi Sonya, any ideas on how you are teaching money related topics to your grand children? any books, website resources? Please advise, thanks in advance!

@fardigoTV 4 жыл бұрын

Boss grand ma 😻😻

@doriswhite1348 4 жыл бұрын

That's fabulous. History is so underrated. Your grandchildren are very fortunate. (former teacher)

@maegankafka4540 3 жыл бұрын

Will you be my grandma!?😇

@joelleabate9859 Жыл бұрын

1) Teach the importance of money 2) Teach the difference between assets and liabilities 3) How to manage their money 4) Different ways to earn money 5) Developing productive habits 6) No one owes you anything 7) Social and influence skills 8) Delayed gratification (patience) 9) There is always more money (for the things we want, our job is to go and get it) 10)The best way to make money is to help others (resolving people problems) (BONUS) 11) They understand they don’t know everything

@amilaperera1 Жыл бұрын

@@AutumnAspenswow. I am so happy about you. Go ahead.

@TorbenRudgaard 4 жыл бұрын

What we NEVER LEARN IN SCHOOL... - How to do a private budget - How to fill out loan applications - How to manage credit correctly - How to do your taxes - How money works - How to invest in real estate - How the stock market works - How to start a company - How the legal system works (your rights) WHY ARE WE NOT TAUGHT THIS AT SCHOOL???

@FidelCattto 4 жыл бұрын

How money works is a pretty simple concept if you can't grasp it without you're already lost. For most people their taxes takes a 15 minute google search if that to learn to do school does teach you how to find information. If you've had economics you know how the stock market works through simple supply and demand there are other factors behind that for individual stocks but there isn't a one-size fits all rule for that so that can't be taught. How to start a company is ridiculously vague and again varies massively based on your current situation starting it and what you're trying to do. I mean past the criminal rights in the bill of rights and the Miranda ones there really isn't much else again both of these are either taught or super easy to find which you are again taught how to do. As for the first few well if you can't figure out what a budget is take a few minutes again and boom you're done. A loan application isn't a blank sheet of paper that you're writing an essay on they tell you what they want it is up to you to decide whether or not you think it is a fair deal. Finally do you really need to be taught to not take out a bunch of credit card debt in school like credit card debt bankrupting people is talked about all the time and if you need to be told to pay your bills on-time outside of that again lost cause.

@lail111 4 жыл бұрын

It's by design they don't want you to know because they train you to be a wage slave that's the whole point of school.

@lail111 4 жыл бұрын

@@FidelCattto You're waffling and writing too much without really saying anything.

@justanotheruser2611 4 жыл бұрын

School wants us to be workers. If everyone knew about all these things, then they wouldn’t profit as much as they do today

@FidelCattto 4 жыл бұрын

@@lail111 Okay how about this you can teach yourself all of those topics within a day and the fact that you don't know it is your own fault

@endrankluvsda4loko172 4 жыл бұрын

The poor spend. The middle class save. The rich invest.

@ikantapa 3 жыл бұрын

In thirth world money loose their power. In other word inflation. Invest on deposito. 5% a year. And you get taxes 20% of your deposito yield. Ex 1.000.000 5% 50000 taxes 20% 40000 1.040.000 Money make of thin of air.

@famywong3264 3 жыл бұрын

@@ikantapa morning I s

@famywong3264 3 жыл бұрын

@@ikantapa hjjjhjjhhdt

@famywong3264 3 жыл бұрын

@Jake-hb4bd 4 жыл бұрын

I'm 17 now and learning a lot. I'm thankful I was born in this generation with tech. Learn while your young.

@studywithpraise9584 4 жыл бұрын

Same am twelve and am not taking any chances to be broke

@amritpalapkalsi1226 4 жыл бұрын

You are**

@xchino0427 4 жыл бұрын

@@studywithpraise9584 dont spend too much time on the phone/tv because it will make you stupid and akward

@cartooncottage2024 4 жыл бұрын

Exactly.

@JamesHollowayYT 4 жыл бұрын

Right? Learn basically anything for free through KZfaq! That's why I created my KZfaq channel! To teach people about real estate investing and how it can change your life!

@ericsu0630 5 жыл бұрын

My dad taught me money can't get you everything, but having no money will get you nothing.

@katmontgomery7699 5 жыл бұрын

Smart Dad! God bless!

@xchino0427 4 жыл бұрын

Is your dad chineseman Like you sir?

@AuroraBoarder1 4 жыл бұрын

You can't take it with you, but you can't go anywhere without it, either.

@jarred333Boss 4 жыл бұрын

hell ya boy

@h3h3joji71 4 жыл бұрын

I agree

@mrkajko6564 5 жыл бұрын

My dad is rich and he often lets me look at his presentations to learn about investing.

@TheBetterMenProject 5 жыл бұрын

That is awesome man !

@JBulsa 5 жыл бұрын

post them on here!

@aestheticallyamazing2003 5 жыл бұрын

LET US FREAKIN SEE IT MAN

@kriscarmeloyap4487 5 жыл бұрын

Can I contact your dad??? I want to learn fro.. him

@godnezha1870 5 жыл бұрын

Cool can i learn also

@easymath9229 4 жыл бұрын

Money can’t buy you happiness but it does buy you comfort and it’s closer to it.

@fultonfilmcompany3554 3 жыл бұрын

I agree. Financial Literacy is very important for our youth. Have you heard about the Financial Literacy Film Festival? We have video posted about it on our channel. Thank you.

@VeeFoster 2 жыл бұрын

Money can't buy happiness, but it can buy you peace of mind wherein you don't have to worry about paying the bills and living paycheck to paycheck. Money can also be a path to a better quality of life.

@BlessingsandButterflies810 4 жыл бұрын

One thing I have learned in this lifetime is my health is my wealth because if you don’t have your health how are you going to enjoy your wealth??????? As long as I have health it’s always room for wealth!!!!:)) Great work!!!

@mirjamjoustra3424 4 жыл бұрын

I agree. So how is your health?

@sharonsobolewski3707 3 жыл бұрын

VERY TRUE

@iituyi 3 жыл бұрын

Man just imagine if we learned all of this in school.. would we all be financially stable ? It’s not a guarantee but there would definitely be a difference.

@superlive6169 3 жыл бұрын

Do you have an instagram account?

@Allen-eq5uf 5 жыл бұрын

The rich teach their children to not talk about how much money they make.

@MegaMkmiller 5 жыл бұрын

Or have.

@blah914 5 жыл бұрын

Yup. Thats a big one. People can get real resentful.

@yellowcactustvz4929 5 жыл бұрын

I really woukd like them doong that, but you don't know how much they brag, even in yt comments sections

@wahooooh 4 жыл бұрын

Allen Ruschman my parents are rich and they didn’t teach me anything lol

@davonbenson4361 3 жыл бұрын

Facts!

@jayedenise1445 5 жыл бұрын

My sons are 6 & 2 and I started teaching about budgeting, investments, and how to use "social skills" to.make connections since my 6 year old was 4. One thing I will start doing I start allowing him to sit with me when mapping out bills so you can tie that in to his other teachings.

@pinkPaige1103 4 жыл бұрын

My dad is really smart with money and I’m learning from him everyday about investing, being frugal, stocks, real estate, etc. I’m very thankful for that and because of him I have money for college, and for my future. Don’t get me wrong, he doesn’t give me money or get me gifts, or like in the movie “clueless”, Cher says “you think I’m just a ditz with a credit card!” Because he doesn’t do that for his kids, he didn’t want us to grow up spoiled and I sometimes feel sad because I like expensive things, but he knows I’ll be happier if I work for stuff. Sure everyone in my family had a car (he has a Tesla, the rest of us have cheaper cars), we have a nice house, and we go on multiple vacations a year, but I know I’m not spoiled. Instead I’m more fortunate, but his teachings help me understand that I can have that for my family one day if I’m smart about it.

@acajudi100 3 жыл бұрын

My father taught me and he was not rich. He said pay my housing first, do not buy a car. Do not get pregnant unless 35, and married 2 years, and only one child. I obeyed him, but I did buy car, had one child at 37, after 10 years of marriage, and I worked, and retired with pensions and SS. I help non beggars.

@robertmelvin7908 5 жыл бұрын

My parents taught me many of these lessons, not because they were rich, but because they were raised during the Great Depression and then passed these lessons to us kids. I didn't understand at the time, but I followed these lessons as I went from one job to another. First the lessons helped me survive from one job to another, until one day I woke up and discovered I didn't need to work, for my assets were doing all of the work.

@LeNguyen-im8dm 4 жыл бұрын

Many poor families, especially Asian families tend to have many kids. They think that having many kids are good investments because when they get old, their kids will take care of them. However, the reality is that they can't afford all of their kids to have a good quality of life such as healthy eating, healthy environment, and higher education. One of the examples is that my parents keep asking my siblings and me $. It is sad.

@DecentNoobie 3 жыл бұрын

Money is Cool but remember god is always first no matter what

@elperroreggae 5 жыл бұрын

Great vid as always! This is easily the best channel with this kind of animation format. It's well-narrated and you catch the idea quickly.

@TheBetterMenProject 5 жыл бұрын

Thank You ☝ Always appreciate your positivity

@savetherepublic9233 3 жыл бұрын

@@TheBetterMenProject I’m sure you didn’t mean to convey home ownership was only a liability, at least I hope so. I’d much rather pay a mortgage on a home I live in rather than have someone making a payment to me for my rental if I also owe a mortgage on that. If it is a paid off rental that’s a different story but otherwise it is also a liability.

@luisautodidata8232 3 жыл бұрын

@@TheBetterMenProject thanks

@fultonfilmcompany3554 3 жыл бұрын

I agree. Financial Literacy is very important for our youth. Have you heard about the Financial Literacy Film Festival? We have video posted about it on our channel. Thank you.

@joabmuriuki6481 5 жыл бұрын

Rich people refuse to be normal. Investing cures brokenness

@TheBetterMenProject 5 жыл бұрын

Agreed

@zaidwhite291 3 жыл бұрын

@@TheBetterMenProject investing in What is the key when you don’t have much

@JustFrugalMe 5 жыл бұрын

Instilling good money habits in your children is arguably one of life’s most important lessons. With the right approach, your child will learn valuable financial habits. I only wish that someone had told me as a child the true ways of money.

@mirjamjoustra3424 4 жыл бұрын

It’s never too late to learn 🌸😊

@ilovemybrats2 5 жыл бұрын

Excellent video. Thank you. I will share this and discuss it with my kids.

@TheBetterMenProject 5 жыл бұрын

That is awesome man! Teach them young

@johnnyprogress7498 5 жыл бұрын

Financial freedom... is FREEDOM.

@elisatseng7499 3 жыл бұрын

Money is a tool like many other resources. It gives you security, options, freedom and time to do what you choose to do.

@Sarcastic_Asmodeus 2 жыл бұрын

This kid is right. You want to be a rich man? You have to learn from the rich. They work hard and teach their young at a young age about finances. I wish all the regular people knew about this video. My rich father taught me everything and helped me buy property to rent. That helped me to invest around 40k. Don't be poor and look rich, be rich and look poor because you invest. He also gave me a job at his firm to teach me how to feel poor and appreciate the ins and outs of his world. We so smart.

@davidd7834 Жыл бұрын

Speaks: Work hard..., Does: get his income from assets/property instead of work. Cash flow... - more like robbing the poor and the environment.

@Charles-op5ty 4 жыл бұрын

One thing. Do all of this while you're still single. People tend to marry their opposites, savers marry spenders.

@BlessingsandButterflies810 4 жыл бұрын

Your exactly right!!!😂😂

@derekscarrsr2688 3 жыл бұрын

This is more common than you know.🤣

@growsinhouseherbiculturali1100 3 жыл бұрын

Not me!

@cryptocoinkiwi8272 5 жыл бұрын

Number 8 is the most difficult one for people I think.

@Noobs4020 3 жыл бұрын

There’s actually a caveat to ‘rich people talk about money’ and that it is more focused on how they talk about Money. Growing up Money was always quite negative, but was talked about ALOT - therefore it created more negativity. The trick that the rich do is they talk about how money works for them as opposed to working for Money. That’s what I have learned from the sidelines.

@Edgarr432 3 жыл бұрын

"The rich spends less than they invest,the poor invest more than they spend." Stern concept.

@PureAwesommeness 3 жыл бұрын

What you said doesn’t make sense.

@sheriffkaya421 5 жыл бұрын

Buying a house is asset not liability unless you buy a house and struggling to pay it off

@TheRepairer 5 жыл бұрын

Sheriff Kaya agreed the value increases long term

@sheriffkaya421 5 жыл бұрын

MineForFree apart that , I’ve been wasting money on rents now I’m paying the same money but it’s not going to someone else’s pocket it’s in my pocket !!! Unless you get a mortgage and struggle to pay it off . I don’t understand why they keep saying owning a house is liability? I’ve wasted £80 K on rents !!

@huey1153 5 жыл бұрын

Dave Lindsay a house does not always increase in the long term, it has... but that is not a fact

@abdulrahmankoromah6639 3 жыл бұрын

This concept of saying that owning a house is a liability is totally doesn't make sense. Is a concept not thoroughly explained. Asset puts money in your pocket and liability takes it away. Thus, buying a house and renting it is as asset because it brings in monthly rent cash flow. Conversely, buying a house and living in it is a liability cos it does not put money in your pocket. Now, unless we are talking about mortgage, otherwise , buying a house will prevent you from not paying out money for rent and this will be savings to you when monetize. Thus, owing a house is an asset cos it prevents you from making monthly rental payments which could be saved as cash and hence asset accumulation.

@sikritpirson4188 5 жыл бұрын

I'm 15 year old.. I think I'm going to be rich the next 12 years.. I'm glad that I found this youtube channel. +1 sub

@TheBetterMenProject 5 жыл бұрын

Welcome to the family brother. Let’s dominate 2019

@sikritpirson4188 5 жыл бұрын

@@TheBetterMenProject I'm looking forward to learn more. I really enjoy all your content.

@olivewolff2960 4 жыл бұрын

Good luck bro 😁

@user-yt7zw2my1h 3 жыл бұрын

My father and mother didn't teach me these money rules. So now I am eager to learn by myself.

@hudsonleonardo3089 3 жыл бұрын

There are tons of investment opportunities out there such as index funds, dividends and stock,forex , Real estate, freelancing, rental sharing, renting car ,cry pto. But my Advise is that ,before you go into investin,you should seek guidance from an investment Adviser. This goes a long way to avoid poor choice,which may lead to lost in capital or profits.

@hudsonleonardo3089 3 жыл бұрын

You should start building up your finances so you don't just give advice alone. You would also show them prove of the importance of making wise decisions in life:-

@TheSMC1988 Жыл бұрын

$6000 a month Jesus Christ 😂

@blanche8696 5 жыл бұрын

I felt like im one step ahead of anyone in my class because i have this thing called financial literacy so i wouldnt care too much anymore about being competitive in getting high grades. I can achieve that without making loud moves. Being financially knowledgeable is like a superpower and the cool thing is, not everyone knows about it

@sgist7824 4 жыл бұрын

Great video, I just disagree that a poor parent will say money isn't important. Agreed that their actions might prioritise material things over making money work for them.

@mbrasseau 3 жыл бұрын

Every person that I have ever known who did not know how to go out and make "real" money has said this. It is a "save face". Similar to "sour grapes". But it is psychological sabatoge. Which is what this video is about.

@mmadsquishy1189 4 жыл бұрын

Money brings your brain happiness. Having friends and family make your heart happy. It's also important to work on relationships and its also about who you make friends with. Making friends with someone who constantly makes poor choices wount have a good effect on your choices because it can influence you too. Making friends with successful poeple you can learn from, both of you can learn from each other about success . Relationships are important. And also giving to othere helping them becoming successful once they are successful they would do anything to help you out in anything you're struggling in. Thank you. (I'm 14)

@leedaniels7196 4 жыл бұрын

You’re only 14?.Wow!.You are very knowledgeable,and enlightened as well.We need more youth like you,that will definitely go far in life with the mindset that you have!.👍

@LeNguyen-im8dm 4 жыл бұрын

I have a lot of co-workers, but I don't want to make any friend because most of them teach me how to spend money like them. Almost each weekend, a group of my co-work hang out together and spend $ on food, drink, and karaoke. When we got bonus from our company, they kept telling me to spend $. Non of them told me to save. I don't use money to buy relationships or entertainment. I spend money on good quality of food and enjoy cooking at home.

@lamonthamilton667 4 жыл бұрын

@@LeNguyen-im8dm My friend try the Our Rich Journey playlist for how to start investing with small sums of money. They speak very Encouraging to the people they address. Take heart I have gotten rid of many false friend s for that reason. Take care.

@siriuslymentalthatone2528 4 жыл бұрын

My parents taught me 2 things: 1. Money cannot buy happiness 2. You can only feel proud of your wealth if it is hard earned, and you have to earn your money

@Ice-sz5vf 3 жыл бұрын

My dad teaches me about Assets and Liabilities. Btw, I'm also reading The 4-Hour Work Week. MY GOAL: TO BECOME RICH AND START A BUSINESS BY 25!!! (I'm 7 years old) (I'm a child)

@jpjp9111 5 жыл бұрын

I'm confused. It sounds like I have the mind and viewpoints of a rich person yet I'm still poor.

@CritterCamSoCal 5 жыл бұрын

Jp Jp Set Goals take action and it takes Time You can do it. This channel teaches how..!

@jpjp9111 5 жыл бұрын

@@CritterCamSoCal Thank you

@jpjp9111 5 жыл бұрын

@@CritterCamSoCal I've learned that I need a mentor. I honestly don't know where to find one. Any suggestions?

@alexg8460 5 жыл бұрын

Its not just 1 thing its many things you have to improve about your self, like spending habbits , how much time your wasting on useless things that could be used to make money or learn more about money, the people you spend your timr with, look at your 5 closest friends you make about the same income as them, if you want to improve your income you have to leave them behind, i knos from experience and its a shitty thing to say but if they dont want to climb with you leave them behind. Also look on learning a simole trade that makes good money, like CdL license A or b, or electrician licensed many others and learn get better you will be paid more for the more you know. Thats a couple of things after you have that start thinking of buying real estate a home or duplex to start building equity and wealth thats if you dont want to start your own biz. Many things to consider good luck! Btw my old mentor was my landlord ...

@WayneTheWolf 5 жыл бұрын

Jp Jp I could possibly help you. I grew up poor financially but now work for myself, Personally debt free, on track to fully retire at 35 years in 2 years, my business generates 6 figures. I’m healthy and happily married...if my life looks attractive to you, maybe I can mentor you. LMK....a great quote I read is “If you want what someone has, do what they did to get there and you will soon have the things they have.”

@keithalexander6154 4 жыл бұрын

This video is excellent: so many hugely valuable life lessons in a 15 minute presentation! The only thing I would add is that you should teach your kids to learn to develop a really strong vision of their future that acts as the emotional engine to drive them on through the hard times. In my experience this is the main characteristic that separates the mindset of the entrepreneur from the staff that work for them .

@ansarrabiu5902 2 жыл бұрын

Lzn is more secure than Titano

@boss2zone992 4 жыл бұрын

only if my parents knew al these, I'm actively learning every day so I can tell my kids thank you for this information

@TheBetterMenProject 4 жыл бұрын

Happy to be of value! Let me know what you think of the other videos 😊

@covers2343 Жыл бұрын

Pov: you grew up kinda poor and for some reason at 13 years old you have a fascination with economics and buisness

@publiclygrown 5 жыл бұрын

Cant wait to have kids so i can teach them more than ive learned in my lifetime

@yulin114 5 жыл бұрын

MK Parker - No hurry in having kids they are a lot of work. Enjoy your freedom before all the responsibilities!

@ydaddy6672 5 жыл бұрын

All right two things have your kids when you are young so you can enjoy the rest your life at an early Age II second and most important making sure you marry a wealthy woman it's going to make it easier for you to start, friendly piece of advice I'm just saying

@AuroraBoarder1 4 жыл бұрын

How about teaching kids who are already here?

@evanatbri-s13 4 жыл бұрын

@@ydaddy6672 jajaja "EASIER"??? A wealthy woman is a big-mouth woman, a BOSSY woman who will want to rule all the time, who will ALWAYS think she knows best and will always remind you where she was when you met her and who were you... It's a recipe for a disaster unless you are a "pussy" yourself, who wants to be bossed around and ready to keep your mouth shut and enjoy the (her) ride.

@JamesHollowayYT 4 жыл бұрын

Right? I have a two year old son, and I can't wait to teach him about money and investing when he gets older. I'm already trying to groom his subconscious LOL I teach people about real estate investing through my experiences and general knowledge on my KZfaq channel!

@cartooncottage2024 4 жыл бұрын

I'm poor now, but planning to be rich this way. Thankfully my mom taught me how to manage my money and emphasized paying bills.

@ChristianAguilar100 5 жыл бұрын

Such a helpful video! Great tips! The reason why I hardly worry about money is that I know there is always more money. It's just my job to get out there and get it.

@inezneal7258 5 жыл бұрын

I can't even mention money,yachts or mansions without verbal attacks.

@dimasavila9158 5 жыл бұрын

Because those come when your empire is built.

@inezneal7258 5 жыл бұрын

Empire? That insinuates the inclusion of others. This is for my luxury in solitude.

@somyan8540 5 жыл бұрын

@@inezneal7258 Same.

@ghorn1217 5 жыл бұрын

Inez Neal Wrong social circle.

@somyan8540 5 жыл бұрын

@@ghorn1217 yep, complete wrong social circle. 😊

@Brian-rs4ug 4 жыл бұрын

As a kid I was not taught about how money worked directly ,but it was modeled. My parents where wise managers of there resources and did not buy things they could not afford. They had good habits of saving and planning for the future and stayed out of credit card debt. It is important to teach our children about money and how it works. Although our attitudes and actions often speak louder than words. I fell into the traps many do with overextending myself and acquiring credit card debt. BUT I knew full well it was a bad decision because I was raised differently. After living with the consequences of debt for a season of life. I knew I needed to get back out track and manage my finances as I learned and “caught” from Mom and Dad. Modeling is far more important than many of us realize. Your kids are watching your habits as much as or more than they are listening to what you “preach”.

@TheBetterMenProject 4 жыл бұрын

You are right, actions are a better teacher than words. Well said

@charliesaug 5 жыл бұрын

i love how there's a guy in a wheelchair in the mastermind.

@hyouzanren1846 3 жыл бұрын

Rent:"give my money to property owner! " Buy:"give my money to bank! " (Looks like I m screwed!)

@ent4u583 3 жыл бұрын

I think you missed the whole msg

@LLM1235H 2 ай бұрын

I get it coz I'm in the same situation

@EchoesBlackSwan 2 жыл бұрын

This is awesome!!! I needed to hear this. “When you don’t have a paycheck, you get hungrier, smarter, and it’s a test of your character.”

@akhilkandibanda 5 жыл бұрын

Thank You. Very informative. I am partnered with a private mentor-ship group in Bay Area who helps me building Business assets and travel towards financial independence. I can relate your video to those training, thanks again.

@Lem819 5 жыл бұрын

A home you live in is still an asset... Yes you're paying for it monthly but once you're past the interest, you're receiving the rest of that payment back in the form of equity... The interest is just the cost of paying for an asset over time instead of all at once

@gatonaranja2258 4 жыл бұрын

I'm glad my dad is woke enough to teach me this now. Almost every item on this list is exactly what he has taught me. Now I gotta teach this to my own kids. Thanks for making this video!

@eezee5744 3 жыл бұрын

I'm 55 now, and I was taught zilch about money. And I also had mental problems, yet was told my life was easier than others because I never had to work when I was unemployed and on disability due to no fault of my own. Sob. Now I'm trying to accomplish something before I die.

@christinekleinschmidt4676 3 жыл бұрын

I am in the same boat.

@687805 5 жыл бұрын

A very good, older friend of mine died recently. I knew he was smart with money, but learned much more after his death. His principal was, live off 50%, give 10%, save 40%. He was in his fifties. Young, but his widow is still well set since he did this his entire working life. He also recognized his children's needs and wishes, and bought a hobby farm when his children were still young. All four of his kids worked on the hobby farm and as young as eight years old and were filling out time cards. Great family, smart kids! I think you mean "instill," not "install." Pretty much the same thing though. I am prone to what you get into at about 12:20, feeling guilty or not charging what I should for my services.

@mikesmith1427 2 жыл бұрын

He was in his 50's and his widow is well set????

@dhutch71 2 жыл бұрын

Great advice from your good, older friend. Always live BELOW your means and always save at least 10% of every paycheck.

@rayrocher6887 5 жыл бұрын

thanks for the purpose and good advice, solve problems.

@randomvideosn0where 5 жыл бұрын

My parents did it the opposite way, by horrible mismanagement of money. I decided to never be like that and found wealthy/successful people to learn money from. Unfortunately, my sisters are repeats of my parents.

@MrExtremedays1031 5 жыл бұрын

I'm in the same boat, luckily my sisters is like me and we are both building wealth

@mzgaming445 4 жыл бұрын

I love how you're so confident

@mzgaming445 4 жыл бұрын

Driving back on money

@LeNguyen-im8dm 4 жыл бұрын

I wish I wasn't born in this world. My parents made me feel horrible when I was a kid, and now I have felt worst than before because they want my money.

@awaizkhan8088 3 жыл бұрын

outstanding video great understanding

@SD-zw4bj 5 жыл бұрын

Right on the bulls eye. Effectively explained the subject with good examples.

@FRISHR 3 жыл бұрын

Making money and gaining assets is like planting trees. The best way to start was 10 years ago, but the next best way is to start now.

@MCC1591 3 жыл бұрын

I didn't listen to my father till I was 24 now 29 I have a job that pays much better and all debt paid off he's taught me it's all about working hard saving and investing

@randomlife5485 5 жыл бұрын

You are reading the rich dad, poor dad book, as is. Lol..

@LeroyWareTravels 4 жыл бұрын

My favorite: NO ONE OWES YOU ANYTHING!!!!

@chrislambert1617 5 жыл бұрын

In the UK it does not matter how much a person earns or does not earn, The State will keep them with everything they need

@MegaMkmiller 5 жыл бұрын

What's the UK? Aren't you guys the ones that ''won'' WWII and decided to go socialist even though you don't really produce anything of value? Now your being overrun by everybody and his dog from sub-Sahara Africa and the economy is basically tourist dependent? What's going to happen when Piccadilly Circus becomes Little Mogadishu? What's going to happen when the people watching Wimbledon have to turn to the east and pray 5 times a day? How's that wonderful socialism going to play out? My guess is not well. Oh well, your not players anymore anyway. I wouldn't worry about it. But it is kind of sad: One day the most powerful empire on earth; the next, basically irrelevant.

@sgist7824 4 жыл бұрын

Wow clearly neither of you actually live in the UK.

@flyshades2213 3 жыл бұрын

Who else is a kid here that wants to get rich when they’re older

@TheBetterMenProject 3 жыл бұрын

You are in the right place my man 👌🏻

@Ice-sz5vf 3 жыл бұрын

I'M A KID (I'm Seven) My Dad teaches me about the rich and tells me how he spends and how to spend wisely. I am very thankful for my Dad💞💕💞

@iamwml_ 3 жыл бұрын

Came from online school in Grade 7

@acajudi100 3 жыл бұрын

Rich in doing generous deeds for non beggars.

@melodyzhang6969 3 жыл бұрын

Lmao me I’m thirteen

@getpriyanka 3 жыл бұрын

I am 13, I learn about money from youtube

@Ice-sz5vf 3 жыл бұрын

Same!

@martillodelajusticia7211 3 жыл бұрын

Then use different channels, not just one, to avoid biases. Maybe Khan Academy will be a good option

@yellowcactustvz4929 5 жыл бұрын

With the internet it can happen that a child learns himself about critical thinking etc.

@leandrobaluyotjr5181 5 жыл бұрын

Very good video ! Clear ,direct-to-the-point and concise . The use of examples for each subject matter tremendously helps people even those with out higher degree of education e.g.Bachelor,Master or PhD. A truly great service for the public .Congratulations & more success to you folks !

@TheBetterMenProject 5 жыл бұрын

Thank you Leandro for the support !

@johndoeee888 3 жыл бұрын

Read rich dad poor dad. Will learn alotn

@pixelgonzalez9065 3 жыл бұрын

My mom since a young age told me "never keep the money..it will love its value" So she converted pesos (Mexican money) into dollars, for a few time We were a bit poor for some years but now the dollar because more valuable and it became 22 pesos instead of 19 or something, so yea now we really doubled a lot of money (it's just a tip lmao)

@boni448 3 жыл бұрын

I'm 14 and i'm really keen on making my life better for my self and my family and this helped me a lot,it gave me courage and it really made sense like this stuck to my head and normally nothing sticks to head

@sword540 4 жыл бұрын

I only disagree about owning a house being a liability if you can well afford it vs renting. Renting is a liability.

@greatestever8837 4 жыл бұрын

25 and know nothing about money. That’s changing right now

@TheBetterMenProject 4 жыл бұрын

It’s never too late!

@ME3fan 4 жыл бұрын

I spent a lot of time around rich teens and college kids. And plot twist...they didn't demonstrate knowledge of any of these things. They were just like all the other dumb young kids and acted spoiled. It doesn't matter how you were raised. You can be smart with your money or make foolish choices. It's a personal choice. NEVER gauge your self worth off how much money your parents had or even how much money you have. Also never put people who have more money on a pedestal. Life lessons.

@tantini_k 5 жыл бұрын

Very helpful! I’m going to apply these to both my kids 💗💜 thank you....

@TheBetterMenProject 5 жыл бұрын

That's great!

@LivingGospel 5 жыл бұрын

This is really well done, nice job!

@trojan88tm 2 жыл бұрын

owning a house is not a liability. on the contrary, real estate is often the only asset people have.

@TheBetterMenProject 2 жыл бұрын

It all depends on what definition of an asset we use. In many cases a home can be beneficial to a persons finances. It all depends on the individual’s financial strategy.

@elianasmith6330 2 жыл бұрын

I like your video presentation. It is informative too, at the same time. Thanks a lot for your guidance!

@TheBetterMenProject 2 жыл бұрын

Happy to help! Thanks for watching!

@Ice-sz5vf 3 жыл бұрын

This is important advice, This video is important, The poor spend there money on things that are not important. ( The poor are spending their money on "liabilities."), But the rich have their "Assets" and only buy the things that are IMPORTANT. Example: Renting a 1,000,000 mansion: Asset💸 "Because it brings money into your pocket every month/year or day." Buying a 1,000,000 to live in: Liability❌ "Because it takes cash flow out of you money every month/year or day." (Edit: I'm a child)

@ndesaamahmitterand3458 5 жыл бұрын

Hello? It's was a strong and powerful speech! Can you please make a video on how we can also teach them how to manage their own money, because I believe to make money is one thing, and to manage it properly is another.

@jeaninescuisine11 3 жыл бұрын

Hey learning with kids, thanks for sharing. Great video.

@isaksteen625 4 жыл бұрын

Me: Watching the video Me afterwards: master am I ready?

@motivationalstories7712 5 жыл бұрын

great idea...loved it..

@blablacar243 5 жыл бұрын

Best video ever

@lukealberts1482 5 жыл бұрын

Love this. Thanks.

@travismoore8309 3 жыл бұрын

Rich or poor die the same they just notice the rich person more

@nadiageorge890 3 жыл бұрын

Hey this was actually informative

@TheBetterMenProject 3 жыл бұрын

Glad to hear that! Is there any topic you that you would find interesting to learn more about?

@CreditSolutionist 5 жыл бұрын

I was talking to a former millionaire that was telling me money isn't everything. So sad. He believes this because he is now poor, or "broke" as he calls it. Says money means nothing. Funny how perspective changes when you have very little. Poverty mentality is the biggest disease out there. It even affects the former rich!

@nws15 5 жыл бұрын

Victoria L maybe you just no that stage to understand. The one level above which is priceless called love

@CreditSolutionist 5 жыл бұрын

@@nws15 I will try to pay my rent with love in April, and report my findings back to ya!

@Doorboohismindopened 5 жыл бұрын

What?!? Ok, so now Earth is broken. Do we have enough money to repair the planet? Is that the resource we need to secure humanity’s future? Wait, no. No amount of money is going to save our species. What resource shall we employ to save all humans? I’m displeased because the concept of selfishness is played off as freedom here. Enjoy your freedom, overpriced and at the expense of countless suffering while on your expensive vacation, as the fists of billions of the poor (for free) find your face. Who shall be on the receiving end of the revolution?

@AuroraBoarder1 4 жыл бұрын

@@Doorboohismindopened - a multi-billionaire can pay for wells and solar panels in poverty-stricken countries far more easily than your cynical attitude. Incidentally, there are far fewer poor and far more wealthy people today than there were even a century ago. In fact, the lifestyle of the average First World nation resident is similar, if not better, than that of a wealthy person in the past.

@AbdulazizAlAzmi-pu7ns 5 ай бұрын

Thank you so much for this video. Super helpful and well-presented. Your time and effort is most appreciated!

@TheBetterMenProject 5 ай бұрын

Thank you very much!

@ohnonotthatguy1465 3 жыл бұрын

Money is a tool. If you take care of your tools you can build anything.

@Ron-jk7hc 5 жыл бұрын

*I strongly disagree with point 1 in this video. If kids grow up in a poor family, then they will know the importance of money. If kids grow up in a rich family, they could very easily take money for granted.*

@TheBetterMenProject 5 жыл бұрын

That’s why the rich Teach their kids the importance of money

@ghorn1217 5 жыл бұрын

While that’s an interesting theory, the reality is kids from rich households tend to stay rich and those from poor households tend to remain poor. (I said “tend to” because obviously not all.) The attitudes, beliefs, and behaviors have the biggest impact. Far more than the money itself. Most successful entrepreneurs know how to rebuild from nothing if they were to wake up broke tomorrow. Meanwhile, most poor people who get a sudden windfall eventually make their way back to poverty. Again, these are facts, not theories. A ridiculous number of studies have been done on the subject and the patterns are pretty clear.

@unboxingtheboxx 5 жыл бұрын

KIYOSAKI'S STYLE.

@hajiimpressions8113 2 жыл бұрын

I've been searching KZfaq videos for a full year now trying to find someone who can actually teach from the wealthy side of how to build wealth. I need, as you say, someone who can actually solve problems and is fearless enough to pull back the curtain to teach step by step, nuts and bolts of how to. All I've been getting is fluff, not quite the full answer, because they are scared to give too much away. There is always more money, most people come from a place of scarcity. Thank you so much for your video, transparency and genuine willingness to help others.

@heprovides5604 5 жыл бұрын

Great points

@TheBetterMenProject 5 жыл бұрын

Thank you !

@dancingin2024 4 жыл бұрын

I can see the different mindset of a poor family. My parents were poor when I was little and I had a lot of negativity towards money. I grew up and changed my mindset but my younger sisters didn't. They think people owe them things all the time, they aren't full of gratitude and are very stingy with their time and money.

@andiemorgan961 5 жыл бұрын

The irony about having money is the more you have the less you waste! When I purchased my first car it was with 0% interest. I paid from my monthly salary just for convenience, but I had the means to buy the car out right because of all the savings I had accumulated since I was a kid. So when I was asked to pay towards insurance just in case I lost my job, I wouldn't lose the car (that's how the garage makes their money) I could afford to refuse this and thus save money. You don't have to be mega rich, but a "put away for a rainy day " supply always saves you from slipping into debt.😉 This video is all about common sense and good money management. If you never make millions one thing for sure you'll never be in the Poverty Pit! 😁

@joabmuriuki6481 5 жыл бұрын

This is why some people end up investing more money than others.

@lucillemargot5175 2 жыл бұрын

Thank you a lot for this video. This is very interesting and informative. Keep posting like those amazing videos, this is awesome.

@EngraBlast. 5 жыл бұрын

Both my parents went through the depression and taught me to be frugal with money, however neither one knew how to make money other than from pay check to pay check. I never developed the habits that are needed to make money. I have learned so much, but I am also 55 years old now. Not a lot of time left to make money "over time." I can still make some, but getting rich will take some creativity at this stage. Everyone needs a mentor even at my age. Not a whole lot of people around me that has any knowledge of making money. How can I find a mentor that doesn't require so much money to help me?

@TheBetterMenProject 5 жыл бұрын

I admire that you have passion in you. I get that question a lot, so I actually made a video about getting mentors. It’s called how to get rich people to mentor you. Hope it helps. If you have any questions I’ll be happy to help any way I can

@nicoleallais2688 5 жыл бұрын

Saunders Crafts I would like you to know that my grandfather started his own company called at age 55 has been tremendously successful, and still goes to work everyday at age 86. He has a sharp mind, is in great health, and doesn’t believe in retirement. Age is NOT an excuse. One book that was very eye opening to me was “Rich Dad Poor Dad” by Robert Kiyosaki. I would read that book and listen to some of his talks on KZfaq.

@ms.anonymousinformer242 5 жыл бұрын

I'm in the same boat. It's hard being married or committed to someone when you disagree on HOW to make/save money though. What ironic is his parents were well off growing up, and he was me er taught a dammn thing. My e en life skills until we married and we both were figuring out he to live on our an by ourselves. His parents definitely do not help,infact they make it much harder br ause hes closer to 50 and I'm in my 40s and they still givr him money and cars,and things and "help" (ciugh,cough, enable) when its not even needee. He has a good job,although we are not well off because of the mistakes we made in the past. I feel your pain.

@reddunk3744 4 жыл бұрын

@@ms.anonymousinformer242 leave duh

@maegankafka4540 3 жыл бұрын

@@reddunk3744 real!? Leave.. Thats your advice? Man STFU!!!