20 Lessons From The Psychology of Money That Changed How I Think About Money
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Күн бұрынThese are 20 lessons from The Psychology of Money That changed my life and how i think about money and my finances.
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@GabeBult Жыл бұрын
What financial books changed your life?
@dailytheology1689 Жыл бұрын
FPU - Dave Ramsey, Randy Alcorn Money Posessions and Eternity, Larry Burkett (My favorite) - worked at Ramsey and Ran 401k plans prior to being saved. Hope these are helpful.
@csizzle24377 Жыл бұрын
The Millionaire Mind by Thomas J. Stanley
@tiashadae1143 Жыл бұрын
Millionaire next door
@pennynickels5216 Жыл бұрын
Your money or your life and the automatic millionaire
@peregrinoa.v.4042 Жыл бұрын
Os Axiomas de Zurique e A bola de neve: Warren Buffett e o negócio da vida....sou brasileiro e não entendo nada de ingles, estou usando o tradutor....terceiro ou quarto video q assisto...
@josephhughes9583 Жыл бұрын
I was really hopeful of my investments this year, but all my plans have been disoriented, I've been studying the market crashes and I realized some investors made millions from the recent 2008 recession and I was wondering if such success rate could be achieved in this present market. and the Federal Reserve taking a more hawkish approach to interest rates and bond purchase tapering, a correction is underway.
@sophiehernandez4108 Жыл бұрын
The market always goes up, If you go long against the market you'd make such success.
@cooperhayes7055 Жыл бұрын
I grew to a 7 figure well-diversified portfolio. I only buy quality firms, anticipate to hold them regardless of what happens, pay up but not too much, keep track, sell only when necessary, and be ready to course correct. also ignore the forecasts and market views which are at best entertaining but completely useless. ever grateful to Olivia Maria Lucas my F.A... she is super helpful to a lot of beginners out there.
@AmberDen5293 Жыл бұрын
Olivia Maria Lucas really seem to know her stuff. I found her website, read through her resume, educational background, qualifications and it was really impressive. She is a fiduciary who will act in my best interest. So, I booked a session with her
@madhav411 Жыл бұрын
Thank you for this tip. it was easy to find your coach. and I conducted thorough research on her credentials before scheduling a call with her.Based on her résumé, Olivia Maria Lucas appears to possess a high level of proficiency, and I am grateful for the opportunity to speak with her
@susanbaity2350 3 ай бұрын
Thank you for keeping it clean and not swearing. I watch this stuff with my kids and I never need to stop or change your content because it’s not junked up with trashy talk.
@lucasrusel7718 Жыл бұрын
I understand that more love and less ego gives a resounding attraction to financial stability and I have managed my time effectively, diversified my source of income under my CFA and it is the best way to grow and sustain wealth. 11yrs in investing space and extremely pleased with the decision I made. The good news, it’s not too late
@chrisschules9943 Жыл бұрын
Congrats! I'm fascinated with investing, I am single and juggling all these things are quite difficult. Invested in few sectors but haven't seen any profit yet. Do you think I'm missing out something?
@lucasrusel7718 Жыл бұрын
Right now the markets are going berserk right now. This is the best time to watch them, get to know them better, and strike when the opportunity presents itself. I learned that from my mentor, ’LISA MICHELLE PACILLAS’ she's seen dozens of market cycles over the past few decades, and she has a feel for how they move, why they move, and what comes next.
@chrisschules9943 Жыл бұрын
LISA MICHELLE PACILLAS seems to really know her stuff. I found his page online, read his resume, education, qualifications and it was really impressive. She's a fiduciary who will act in my best interest
@DreamSurferRelaxation Жыл бұрын
To anybody who's reading this, I pray that whatever is hurting you or whatever you are constantly stressing about gets better. May the dark thoughts, the overthinking, and the doubt exit your mind. May clarity replace confusion. May peace and calmness fill your life.
@asmigaikwad4836 Жыл бұрын
Thanks 💕
@Precious1988M Жыл бұрын
You as well, my friend!
@michellemyers9800 Жыл бұрын
THANK YOU. GOD BLESS YOU>
@DreamSurferRelaxation Жыл бұрын
@@michellemyers9800 ❤
@claudiastarr3980 Жыл бұрын
Amen
@slackerjo Жыл бұрын
The chapter about "enough" is what I liked the best about Psychology of Money. Years ago I read a fiction book called In A Class of Their Own by Millie Gray. This book tells the story of the Campbell family from 1936-1952 in Leith, Scotland. The book is a collection of stories about how the Campbells survived in a time when there was little government assistance, minimum wage or access to credit. Possessions were limited and often pawned when there was a financial crisis in the household. This book reminds me of true tough times and not my perceived notion of what is a tough time.
@bdflatlander 3 ай бұрын
I read (and reread twice) “The Psychology of Money” and it is one of the best books I have ever read, and not just the best book on finance I have ever read. I can’t recommend it enough. Reading it is a life changer. This video is an excellent retelling of the lessons in the book - well done, Gabe!
@joycewright5386 Жыл бұрын
You are so right! I am wealthy not because I have millions but because I am happily retired, debt free, able to eat and live comfortably, able to find joy in simple things. Thanks for reminder.
@theman3456 Жыл бұрын
Will you still be when the dollar crashes?
@joycewright5386 Жыл бұрын
@@theman3456 Only the good Lord knows but I trust Him!
@bdflatlander 3 ай бұрын
4:30 “Focusing on building freedom in your life” Definitely agree with this. Having control over how you spend your time is very, very important and one of the key elements of your overall happiness.
@JesterPester48 Жыл бұрын
I’m in debt my dad gave me drugs and I ended up an addict but I’m sober now 3 years this oct
@KiyosakiSays 10 ай бұрын
“By not understanding money, the vast majority of people allow its awesome power to control them.” - Robert Kiyosaki
@LetsTalkMortgagePro Жыл бұрын
Yep I never watch the news. I stopped after 9/11 I noticed my mood was low for obvious reasons. But weeks and months later after watching the news daily I was kept low. I couldn’t pull myself out of it. Once I stopped watching it my mood improved tremendously. Not that I don’t still grieve for that horrendous event back then, I just am not wallowing in fear and sadness since I don’t watch the news anymore. Great vid.
@mignoncobra Жыл бұрын
This was so helpful, especially the tip about no one looks an something cool and thinks you're cool, they think they'd look cool with it : )
@290revolver290 Жыл бұрын
Your point on "YOU ARE NOT ME!" is one of the best points ever made in the world of finance, even finance gurus don't know this.
@samanthaboston7759 Жыл бұрын
I’m really enjoying embracing what is practical rather than chasing distractions. I’m changing my whole mindset to build stability for myself and make more space for freedom and a sense of calm. Thank you for another thoughtful and insightful video. ❤
@FitManStyle Жыл бұрын
Just finished the audible, great and quick listen. Thanks for the summary.
@adaywithasinglemom 3 ай бұрын
Thank you so much. Great job 👏
@jaysmith1376 Жыл бұрын
You’re videos are getting better and better. Well done.
@rosieroses7529 Жыл бұрын
this video is everything. the editing, the delivery, the humor, and wisdom bombs
@wildswag8071 Жыл бұрын
thanks you bro, the fact that they are so practical so we can apply in real life rather than just theories
@gloriarosales1318 Жыл бұрын
your review about the psycology of the money is one the best that i have watched on youtube . it is practical and easy to understand . i hope you will keep reviewing some books from different subjects too.
@tanndigedan2261 Жыл бұрын
Love your content and filming style 💗
@savagesb8756 6 ай бұрын
Your video creating and editing skills are really growing. As is your storytelling skill. Well done. Committing to the long game has really worked for you.
@erikglow8458 Жыл бұрын
Been binging your videos you're a true G appreciate you
@bettyslowwastelife9731 Жыл бұрын
After watching this- brought the book 📖 coming tomorrow. Can't wait to have a read. Xx
@TimeTravelerJourney 28 күн бұрын
you'r video's are very helpfull thank you for the effort.
@moedaniels795 Жыл бұрын
I am so glad I stumbled upon your channel! I love the simplicity and resonance of your message and your authenticity and affable nature, a delight. Thank you, for doing what you are doing and enriching us all, mentally and financially!
@christinahebert1541 Жыл бұрын
Less ego, more wealth. LOVE! Thanks for this rich wisdom-packed video!
@resourcefulqueen Жыл бұрын
This is the first time I have watched one of your videos. Thanks for sharing your perspective. I agree "enough is enough". I am retired and financial at ease. I saved, invested in low cost S&P mutual funds, bought a rental house, took Social Security at age 70. These steps worked. May we live with ease. 🙋
@TimeTravelerJourney 28 күн бұрын
great advice, and i wanted to say you'r video's really changed my life in many ways, thank you.
@carollane7938 Жыл бұрын
Excellent!
@bessieoriotis5104 Жыл бұрын
Thanks Gabe for your realistic viewpoint, very helpful.
@GabeBult Жыл бұрын
Glad you enjoyed it
@14mrb67 Жыл бұрын
I have to say, I really liked your video. I don't often leave comments, but when I do, it is with the scope of encouraging the creator of keeping on the same good path!
@ashleywessel780 Жыл бұрын
Awesome advice & video, thank you Gabe!
@pharmclare Жыл бұрын
Very helpful content. Thank you for sharing. I have subscribed
@HeatherValentineMsFoodie Жыл бұрын
Thanks for the breakdown LOVE LOVE LOVE!!!! That white brick wall 😍😍😍😍
@TheSavvyCouple Жыл бұрын
Great video brother! A lot of great lessons shared.
@yoursubconscious Жыл бұрын
it's true. we have so much. feel proud you worked for it (at the same time)
@sundayawosoro4978 Жыл бұрын
I enjoyed every bit of your video.🤭 Thanks for putting the lessons together. ✌️
@erikstewart9166 Жыл бұрын
Transitions were on point... oh, and the content was good too. 🔥
@lettienugent Жыл бұрын
Yes, subscribing to your channel has an up side.😊 Thanks for the content.
@elbiogeuna6093 Жыл бұрын
Impecable!!!!
@hardiaziz9015 Жыл бұрын
Thank you 🙏
@RileyOutside Жыл бұрын
Oh I just bought the audiobook, Can't wait to go through it.
@allipereira Жыл бұрын
Great video! Love “Saving money is the gap between your ego and your income”
@GodSpeed3 Жыл бұрын
Great book and great recap of the book sir.
@laianericardo3473 Жыл бұрын
Now I want to read this book too. Really good video!
@israaal999 Жыл бұрын
I like the video before I watch it... Amazing content 👍
@DCportraits 7 ай бұрын
Man, your B roll is fire! Where someone else might buy stock footage, you’re making yours and it’s looking great! Good synopsis of the book as well👍🏽
@maryluzcrumbaker2881 Жыл бұрын
Love it! Practical wisdom. So far, best book I’ve read on money is The Millionaire Next Door. Loved it! Psychology of Money will be my next book. This education is priceless at any age!
@hermit3933 Жыл бұрын
Great advise
@tanguerafeliz5096 Жыл бұрын
I really enjoyed this book. I definitely recommend it. I came across it in our buildings' free library and it was a great find.
@DC-ef8op Жыл бұрын
Great video content ❤
@Violet1996- Жыл бұрын
Subed! Im rooting for your tesla haha 😂 loving the way you edit too! And this video provides so much insight 🎉
@LennefalkStudios Жыл бұрын
Such a great compilation of insights here, wish I got into index investing earlier instead of trying to pick stocks... But you live and you learn, better late than never!
@ruyeduardoleon3688 Жыл бұрын
Your best video so far in my opinion 😊
@dwalker6868 Жыл бұрын
Thank you
@acer4237 Жыл бұрын
Thanks for recapping the book
@GabeBult Жыл бұрын
Thanks for watching
@HereIgotimo Жыл бұрын
Love the kind of person you are! Watched a lot of your videos lately. No bullshitting of how to get rich fast or how to start your next business. Just sheer focus. Keep it on. Really like what you are doing and all the best for your journey to 500k! Greetings from Regensburg, Germany
@creatingbalancefinance Жыл бұрын
This is one of my favourite finance books 😊
@kellystewart2977 Жыл бұрын
Thanks for the advice.
@thenewwayhome Жыл бұрын
Imagine starting investing at the age of 10! Woah. Books such as these can truly help change our perspective on money. Worth to buy.
@Af_learn Жыл бұрын
This book will be on my next to read list (and possibly make a video on it🙏) Been collecting dust on my shelf😅
@not.cp6 Жыл бұрын
Very interesting video, i have this book sitting down on my phone for the longest and you just gave me a boost to go read it
@not.cp6 Жыл бұрын
Thank you man 🤝🏾🤝🏾🤝🏾
@emmaabumere2870 Жыл бұрын
Concise.
@1Joanoc Жыл бұрын
Great information. As always, thank you Gabe.
@GabeBult Жыл бұрын
Glad you enjoyed it
@leslynmoore Жыл бұрын
Dude, Ihad to watch this video 2x in a row. This is a great video.
@Peter-kt2gb 12 күн бұрын
I get your point about negativity selling, but that's really true in the example you gave. All the endless articles about the next 10x stocks to buy or the 5 cryptos that will 100x your money show that it's not just negativity that sells. I think it's more that strong emotions sell, and negativity is an easy way to generate those. But greed is also a strong emotion, and those articles about how this stock or crypto will 10/100x your money will sell as well.
@danielsasser2484 Жыл бұрын
I just finished this book you presented it as a stylized spark notes, thank you :)
@matthewjohnson3505 Жыл бұрын
Just read this book, great read!
@zshankhan Жыл бұрын
Awesome
@mariagonzalez8678 Жыл бұрын
Thanks Gabe, your delivery style is so easy going that has made financial education more interesting. You present the information in a way that makes me feel empowered to understand and achieve my own goals! I have made the shift from a “spender” mindset to a “saver” towards my own definition of financial freedom!
@brittanymarilyn2010 Жыл бұрын
@hallie matilda came across the comments about Expert Eunice Berthold and I must say she is a genius. I have made huge profits from my investments with her. Her trading strategies are top notch coupled with the efforts she puts in work to make profits.
@iamrjdennis Жыл бұрын
If you're reading this, I hope you find all the success you deserve in life! Have a great day today! 💛
@TheHumbleRoots Жыл бұрын
Thanks for the psychology of money recommendation. Do you have a video for all financial books you recommend? By the way, I watch your videos based on a comment you made about the importance of paying a tithe. Congratulations on your success. Thank you.
@AarrenDieok 4 ай бұрын
Wow! This video nailed it visually and psychologically. You’re excellent youtuber. In return, I’ve liked and subscribed 🎉
@justinlarsen2281 Жыл бұрын
One of the top 5 best financial books I've ever read. Really good stuff
@tekkendrip8867 Жыл бұрын
Subscribed 🎉
@tekkendrip8867 Жыл бұрын
Gabe I finnally have 700$ for investing in stocks, where can I put it to get the most I’m trying to get rich “ Like fast”
@michaelpoczynek 2 ай бұрын
Buy the S&P 500 through Vanguard and forget about it!!! Keep it simple. Speculative funds should be separate.
@CJoyArt Жыл бұрын
Hi Gabe! I just found your channel and subscribed. I teach college success and have already used your 20 tips from Atomic Habits video. This concept of finding info on the internet that supports what you believe is called confirmation bias. It's one of the most dangerous things about the internet.
@Kyrax88 Жыл бұрын
Misquote at 9:32. The joker did not say that. It was Alfred who said that "some people just want to see the world burn."
@teacherjireh592 Жыл бұрын
I read this book,it's really good :)
@sicelomkhwanazi Жыл бұрын
Everything said fact 💯
@dailytheology1689 Жыл бұрын
Thanks Gabe, as a Christian I'd love to hear your thoughts on Money Possessions and Eternity by Randy Alcorn, the Bible has a lot to say on this topic :)
@GabeBult Жыл бұрын
That’s actually a great book I might be doing one on that in the future I’ve read it and made a video on a few of the topics but I can do the whole book
@Eagle-zl4gz Жыл бұрын
Freedom is most important!
@devonpeters9458 Жыл бұрын
I would be interested in this as well
@masonnair Жыл бұрын
Simply, Don't love money. Remember money is a resource used for purpose. If you have extra, don't feel religious and try to give it out in haste. Be responsible with it. Extra money could be provision God has given for a future use. Love God, Do not love his gift.
@taurustreasury Жыл бұрын
I couldn't agree more with your review. This book is an absolute gem and should be required reading for everyone.
@danicegewiss862 Жыл бұрын
Too late. I already subscribed. In a world where many people don't have enough to eat, most of us in the US have more than enough to eat. I'm working on becoming a minimalist. I'm loving it! Billionaires don't have a billion in cash. My business is growing which means our value is growing.
@dpayne1943 Жыл бұрын
You have the best cups!
@Pringle_Gaming Жыл бұрын
Money is important
@ax23xr Жыл бұрын
I just recently finished reading this book and I could not agree more that it definitely elevates your (financial) thinking and gives you a better insight into better manage decisions. Will definitely be on list of books to read (or re-read in my case) for 2023
@veeralpatel6248 Жыл бұрын
Checkout millionaire next door
@bubblegamer3171 Жыл бұрын
So motivating!!!!!!! Made my day!! Just started in the stock market and trading while studying. Enjoying the process and the learning untill I live my dream. Thank you very much for the video. Greetings from Germany :)
@judymcpheron5955 Жыл бұрын
Thanks Gabe for all the inspiration!
@tamiurquizo746 Жыл бұрын
This was helpful.
@GabeBult Жыл бұрын
👍🔥
@kyleclark7740 2 ай бұрын
Nice outtro \
@gtggaming8817 Жыл бұрын
5:35 dude I recognize those books the Hardy boys, the yellow ones are back to backs in I'm not mistaken
@ryanjoseph742 7 ай бұрын
Gabe I love your videos , I'm learning so much. I must tell you look like a cross - between Heath Ledger and Matthew McConaughey. Great Job with the infotainment
@LovingGodLivingLife 9 ай бұрын
Great review! I recently read the book myself. Also, to be *that* person - it was Alfred, not the Joker, who said "some men just want to watch the world burn." 😅
@M-Files Жыл бұрын
I believe it was Alfred who said that to Bruce. The Joker was trying to prove nihilism was the basis of humanity. Which is just plain wrong.
@marcore7524 Жыл бұрын
My favorite chapter of the book was "reasonable > rational" that drives my investment strategy, I'm doing what I'm comfortable with because I understand that I will stick with the strategy in a long term so there's times when I miss a 1 or 2% annual interest rate just because I'm not comfortable with the way of the investment work or the platform or any detail that in some moment of weakness I would sell or cash out and maybe lose money, also "wealth is what you don't see" is a huge take away to release social pressure.
@Surfingonearth Жыл бұрын
this is a great insight about investing in your comfortable way! I was thinking about putting a bit of savings like 10% into cryptos n nfts stuff but realized my current financial situation wouldn't allow that.
@kimayaknight7180 Жыл бұрын
This is interesting thanks for sharing awesome tips Gabe ! I'm financially free and currently growing a solid retirement plan. It takes a positive and consistency to learn new things, unlearn the old habits ms Important to get a mentor/coach to lead you all the way. It's great to start young too!
@eiraantoinette6793 Жыл бұрын
Hi, I'm 45 working on my retirement fund too. What do you think is the best target for retirement?
@williamsebastian5574 Жыл бұрын
a lot of people find having a couch /financial advisor a luxury
@kimayaknight7180 Жыл бұрын
@@eiraantoinette6793 personally I think 1m is the goal to overcome inflation and having them in an investment portfolio is a perfect plan. I'm half way to my goal 😊
@kimayaknight7180 Жыл бұрын
@@williamsebastian5574 yeah. Fees and commissions are factors to look at in search for financial advisers. There’s financial experts out there who do not look at their fees but the impact and intrinsic value they bring along to you no matter how little you want to start. I’m glad I had one guide me start my financial journey
@gracedaniels6172 Жыл бұрын
@@kimayaknight7180 I'm trying to read books about finance, budgeting and saving. Looking at having a good financial advisor. Can you recommend
@kyleclark7740 2 ай бұрын
I like that Advice 9:20 "A decision that would be great for one person would be a horrible decision for somebody else..." That is so true. I had a mentor who told me how to invest but I was not in the right mindset and also did not have any leverage to make any huge moves which made me discouraged. But he was way older and had more money too invest that he made it look like it was easy. which from where I was I young and leaving on minimum wage; I made it work for my freedom. But I knew I was not going to make huge leaps like he could and he dangled what he had infront of me and said look what you could have. I grew up on dirt floors and no plumbing. I know what I want but when people try and tell you what you should want that is bad advice. I like simple living; simply living. L>I>V>I>N just livin.
@JesterPester48 Жыл бұрын
I hope so