7 Lessons To (Quickly) 10X Your Wealth

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Күн бұрын

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All opinions expressed by Vincent Chan are solely Vincent Chan’s opinions. You should not treat any opinion expressed by Vincent Chan as a specific inducement to make a particular investment or follow a particular strategy, but only as an expression of his opinion. Vincent Chan’s opinions are based upon information he considers reliable, but does not warrant its completeness or accuracy, and it should not be relied upon as such. Vincent Chan is not under any obligation to update or correct any information provided. Vincent Chan’s statements and opinions are subject to change without notice.
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Пікірлер: 139

@VincentChan Жыл бұрын

*Do you wish finance news wasn't so boring and hard?* 📝 Try our FREE finance/business newsletter HERE: bit.ly/DMarketBriefs *Want to cashflow $100,000 in 12 months?* 💵 Get the playbooks and strategies HERE: bit.ly/cashflowme

@BryanInvest 2 жыл бұрын

Rich Dad Poor Dad is also my favourite finance book and the one that boosted the Super Saiyan genes inside me. The one simple line: 'Buy Assets, Not Liabilities' changed everything about the way I saw money from that point on. I've been accumulating assets ever since. Definitely worth a read!

@BryanInvest 2 жыл бұрын

@Eight Loco Mainly stocks, dabbled in real estate, and now crypto.

@BryanInvest 2 жыл бұрын

@Eight Loco I wish you all the best :)

@jimpatrick4048 2 жыл бұрын

I love this video Vincent! I’ve always wanted to read that book but never got around to it. Thank you for presenting the main points in your very special, humorous way. I love learning from you. You’re the best!

@RecaJ333 2 жыл бұрын

I just finished reading this book! SO GOOD! He mentioned having financial heroes and I’ve added you to my list!! Your content is always so good! 🙏🏿🙏🏿🙏🏿😭 thank you

@charlottet7548 2 жыл бұрын

Ok, you’ve convinced me to read the book! The part about not working for a pay check is SO TRUE. I work in high profile families and have seen time and again exactly what you describe regarding mental health of affluent children. It’s very important to think about why you want to be wealthy.

@PoyTroy 9 ай бұрын

Read it ! Changed my life on money forever. I now have 4 different sources of income. And out of those 4 , I pay myself first

@GabeBult 2 жыл бұрын

Awesome video man! It’s all about changing your mindset

@Tomminz 2 жыл бұрын

Thanks for doing this, such a great overview of the book, which I'm now currently reading. I think you should do more of these book-club style videos.

@FinanceMind 2 жыл бұрын

Such a great unlock from the book for me was the idea of assets generating your income, not your job. It is a simple concept but one I hadn't really realized before Robert explained it. Escaping the fear that you have of losing a job or not being willing to change jobs out of fear of financial instability is surmountable from passive income!

@lidaconnor5725 2 жыл бұрын

Thank you so much for this video 🥰! This will really help me and I cannot wait to see where I'll go.

@FinancialFreedomMadeSimple 2 жыл бұрын

Will check this out!

@berniezhong 2 жыл бұрын

I just started reading this book, and now you post this. Truly a great day and there’s so much to learn from this book, I love it

@Amanda-dt7kq 2 жыл бұрын

Another great video with valuable information. Thank you.

@bin4ry_d3struct0r 2 жыл бұрын

15:10 - This is the first time I've seen a supply/demand graph in which supply and demand are placed along the same axis. However the graph is drawn, the interpretation should be: - When supply decreases and demand remains constant, price goes up. - When supply increases and demand remains constant, price goes down.

@arus6407 2 жыл бұрын

This is great thank you

@juanpabloalejandre9179 2 жыл бұрын

Nice video, keep the knowledge flowing

@claycampbell3451 2 жыл бұрын

Big fan and this book also changed the way I look at finances. I have a thought for a video about net worth as a percent of income instead of basing it on an age that assumes you are retiring at a typical time what if you where ahead of schedule and wanted to retire early? I realize there is more moving parts for this but I've been trying to figure out where I am at with what I have now. I've seen the inverse curve based on the percent you save but that's a specific example starting from zero. I'm just wondering what your thoughts are, thanks!

@JoshuaMayo 2 жыл бұрын

This book changed my financial life as well. Love the clean white set too man

@mimiwallen 2 жыл бұрын

I’ve read your recommended book and it’s really a good one! Another that I really like as well is “The Psychology of Money” ~Morgan Housel

@KelseySong 2 жыл бұрын

I love your videos so much. Thank you for improving my life :)

@PierceJordan 2 жыл бұрын

lol that Snapchat from your first day at work 😂 Glad it worked out for you and your channel got big!!

@CreditSolutionist 2 жыл бұрын

🔥🔥🔥Such a good read. Can really change your life if you put it to action!

@j.4702 2 жыл бұрын

Dude, very motivating! Your story is inspiring bro!

@Wiiniihvlog 2 жыл бұрын

"A reader lives a thousand lives before he dies . . . The man who never reads lives only one."

@kaydenspressurewashing 2 жыл бұрын

“A gamer lives a thousand lives before he dies … the man who never games lives only one.”

@CreditSolutionist 2 жыл бұрын

This is complete facts!

@trevorrrViews 2 жыл бұрын

I’m currently reading this book it’s great

@daniellebee9 2 жыл бұрын

Your videos are so engaging

@Rahul-ul1bn 2 жыл бұрын

You are awesome bro more book summary

@Naturenerd1000 2 жыл бұрын

"Laziness is over bussines" Because if you are over busy you are usually neglecting or avoiding something else important. Very True and great quote.

@itslukechen 2 жыл бұрын

same! this book changed many lives. forever grateful

@BraedenTheG 2 жыл бұрын

“Education is the most powerful weapon which you can use to change the world.” - Nelson Mandela

@VincentChan 2 жыл бұрын

YES! Awesome quote. Did you ever read this book?

@BraedenTheG 2 жыл бұрын

@@VincentChan yes, very eye opening

@Nate_Daniel 2 жыл бұрын

This book is a background player to me. When I read it, it was a huge turning point but in a more subtle way. With every dollar I earned, I had a mini Kiyosake on my shoulder saying ‘you have a choice here, be poor, middle class or rich’. I love his idea that every dollar earned presents a choice to you and it crushed my feelings of financial hopeless, because I now see this as my choice and in my control, the way Morgan Housel describes as ‘I’ll never be able to afford a house so why save’.

@pinkmoon831 2 жыл бұрын

I think the greatest tragedy is we are made to become dependent on institutions for our survival instead of being taught and encouraged to rely and trust ourselves and our own abilities to survive and be self sufficient. We are made to disconnect from our true potential in order to be passive servants to someone else's needs and dreams...

@JebSpringfield 2 жыл бұрын

First, thanks for putting all this content together. It's super practical (and relatable for us ex-corporate finance professionals out there). I've always liked this book, but took me several years to realize that this was the philosophy and more skills were required to be developed. Too many finance books to mention, but "Millionaire Next Door" is also a very good, readable book to help people distinguish fact from myth. "Rich Habits: The Daily Success Habits of Wealthy Individuals" does an excellent job bridging that gap. "Richest Man in Babylon" and "The Seven Spiritual Laws of Success: A Practical Guide to the Fulfillment of Your Dreams" are good ones to fine tune one's philosophy and approach. ps - dropped you a LinkedIn request last week, writing in from CH. :)

@damondominique 2 жыл бұрын

should ABSOLUTELY be required reading

@VincentChan 2 жыл бұрын

Hey Damon! My gf loves your channel haha :) Thanks for watching

@benjamin123456is 2 жыл бұрын

This was legit the first book i ever read, such a phenomenel book! I am 22 years old now and was 21 when i started my journey. Started reading exactly 1 year ago and now i read 2 books a month at least, invest in the stock market and crypto, looking into real estate soon as well. Your channel is so amazing and thank you a lot for the videos you put out!

@timothyjackson2086 2 жыл бұрын

Hey, I’m 21. What books did you start reading? I’d like to get some more knowledge on the stock market and crypto without binging KZfaq videos. I feel like if I read, it’ll retain a lot better and I’ll be more engaged.

@benjamin123456is 2 жыл бұрын

@@timothyjackson2086 1. Your money or your life 2. The millionaire next door 3. Why the rich are getting richer 4. FAKE 5. The richest man in Babylon My current top 5 economy related books, hope it helps

@dchapmanguitar6206 2 жыл бұрын

This one was also big in my life. It helped me also get into other finance books as well like The Richest Man In Babylon.

@GrillSergeant 2 жыл бұрын

So awesome to see how much your channel has grown! My favorite financial book was reading “Total Money Makeover” by Dave Ramsey back in 2014. Wife and I were about 80k in debt. Fast forward to 2022, and we have ZERO debt of any kind, even our house is paid in full. Crazy how much debt holds people back. I have yet to read “Rich Dad Poor Dad” but it’s on my bucket list.

@Rafael-rf1sp 2 жыл бұрын

I’m currently about 80% through "Playbook to Millions by Grant Cardone. I have read a lot of entrepreneurial books and self improvement books, and this book is my absolute favorite. This book is extraordinary and really gets you to work extremely hard toward your goals in life and succeed at multiple different areas like career and relationships. This is an absolute must buy if you need a push to get you going in business or you want more out of life.

@DamnedMonkey 2 жыл бұрын

Not all financial and not in any particular order but each helped change my perceptions and are often read again for reinforcing good financial ideas and habits over ingrained bad ones. Rich Dad Poor Dad, The Richest Man in Babylon, The Millionaire Next Door, A Framework for Understanding Poverty (revised edition), Outliers (Malcolm Gladwell).

@DuanJB 2 жыл бұрын

yup this book also change my life ....robert kuyosaki is my fav

@KrisVic91 2 жыл бұрын

Was literally reading this in work today and yesterday.

@DT_3200 2 жыл бұрын

Do a book recommendation (financial)

@Kayakamuy 2 жыл бұрын

Where do you get your graphics and videos ?

@karakol86 2 жыл бұрын

Can you share the links for the journal articles? I want to share with friends

@makemoneyonline-onpassive4894 2 жыл бұрын

Great...

@fakesurname1743 2 жыл бұрын

Where do you get these in between clips you use in your videos, really cool

@michellem3huynh 2 жыл бұрын

This book also changed my life when I read it 5 years ago, but it's actually his friend's dad and not his dad's friend as you mentioned.

@mingdong8250 2 жыл бұрын

You got almost 470k subscribers! 😀

@dt5622 10 ай бұрын

I was able to 100x my income when I was 18. I was getting $5/month allowance before and when I graduated, I was getting $500/month.

@rahulkashyap4058 2 жыл бұрын

this is the best book for people who don't know about money

@janebaker4912 2 жыл бұрын

I love book club

@oliviernsengimana4648 2 жыл бұрын

We're greatful for Kiyosaki for sharing his story and I learned a lot. My mindset was opened after reading that great financial book

@PickAstruggle 2 жыл бұрын

I need advice! -My primary residence is a condo and I have $100K left to pay - I want to buy a house (not this year) for approx $320k or less. I don't think my salary to debt ratio would qualify me for a mortgage that high, BUT - I have about $300K in investment savings - I want to use my condo as a rental property How should I go about this? Should I pay off my condo 1st? Or should I do a 50% down payment for the home? Or should I keep the $$ and just get another mortgage? Or.....??? Thanks in advance for your advice 🙂

@Brodyqueal 2 жыл бұрын

Same. This book changed everything for me.

@VincentChan 2 жыл бұрын

when did you read it?

@Brodyqueal 2 жыл бұрын

@@VincentChan 2018. Net worth of about 25k. Now 270k. Still haven’t created my own business but have added numerous revenue streams and focused on adding assets. Three rentals, attacking the stock market, etc.

@femiftw 2 жыл бұрын

i like your hair!

@RichardMikulskij 2 жыл бұрын

Literally finished reading this book last week 🤣😄

@VincentChan 2 жыл бұрын

Amazing! What did you think of it?

@RichardMikulskij 2 жыл бұрын

@@VincentChan great book!

@JasonChesters 2 жыл бұрын

I actually read it 15 years ago!! I just made a video showing where it’s got me

@VincentChan 2 жыл бұрын

What's your favorite book about finances?

@D._.3NO 2 жыл бұрын

RICH DAD POOR DAD

@Kayakamuy 2 жыл бұрын

Intelligent investor

@Hugo14319 2 жыл бұрын

The psychology of money

@Mr_Francois14 2 жыл бұрын

Richest man in Babylon

@oliviernsengimana4648 2 жыл бұрын

RICH DAD POOR DAD

@RTMonitor Жыл бұрын

I love how the thumbnail with a book of Rich Dad, Poor Dad changed into a red rectangle with a question mark.

@angeltinycute 2 жыл бұрын

I buy this book for my 17 year old son because he want it and many other books , he got 20 years old now and he saves a lot

@robcanad 2 жыл бұрын

Luck also plays a big role in financial success, this has been proven. There are many wealthy people that got that way by dumb luck and there are others who applied all these principles and never became wealthy.

@jakejung239 2 жыл бұрын

Have you ever thought about if everyone took wealth this way, there won't be individuals who work hard(poor dad) to make all of this even possible? That would be an interesting scenario to be in.

@Techwithedwin 2 жыл бұрын

Bro. You can’t be talking about finances and financial freedom while promoting debt to pay for debt. Upstart Loan

@Matthewgez 2 жыл бұрын

Yo is that selfie taken at 787 7th Ave lobby??

@reginapak9400 2 жыл бұрын

"1+1=3" i almost didnt catch that lmao

@mr.aao2129 2 жыл бұрын

Rich Dad Poor Dad is a great book to understand how money works as well as what is an asset and liability as well as how to leverage debt. Be careful consuming Robert Kirosakis content though, he can be very miss leading.

@crashoverride2345 2 жыл бұрын

He's a nutter. Lol.

@crashoverride2345 2 жыл бұрын

Great book. Too bad the guy is such a nut. If you listen to him now, he sounds like that uncle that's really into Rush Limbaugh and Alex Jones.

@AhmedOmar-pl5kd 2 жыл бұрын

14:20 Did he just say one plus one equals three?

@jackoff4583 2 жыл бұрын

I just want to have enough money to do the things that I love, focus on my health, my boxing, go to the beach, help others lose weight I could care less about a 1000usd steak

@YasinNabi 2 жыл бұрын

if you are not making money while sleep then you are in the bad situation, just you feel numb and don't feel it.

@zartic4life 2 жыл бұрын

What was that cartoon rat animation from? It looked so familiar.

@Szabonaut1991 2 жыл бұрын

A comment to feed the algorithm, you`re welcome, and thank you!

@chhensakrakna564 2 жыл бұрын

Everyone admire about Rich Dad bro, but does anyone know Vincent cover all main point of rich dad book? This guy is on another level of legendary

@CreditSolutionist 2 жыл бұрын

Agreed!

@nasreenashfaq7026 2 жыл бұрын

Beautiful place

@thecollectiblecollectabill2298 2 жыл бұрын

$1 cheeseburger? You obviously haven't bought a cheeseburger in America in the past 3 years

@johnnyede 2 жыл бұрын

I read rich dad poor dad right after reading think song grow rich and the richest man in Babylon and I literally jumpstarted my financial education careers!

@JLW667 2 жыл бұрын

👏🏿👏🏿👏🏿

@michaelcrash 2 жыл бұрын

well I dont mind being in a rat race, as long as get paid a right amount of money. Having financial education I'm already preparing for moment I will leave the workforce.

@QueEnsBorn89 2 жыл бұрын

It seems like u either have 4 IG accounts that are exactly the same, or someone is hacking your accounts.

@witcheater 2 жыл бұрын

Chapter 2 is... keep changing. Do not get into a rut. As you might say... diversify, but I add to that to do so slowly with intent, not emotion.

@Martionize 2 жыл бұрын

So many fake Vincent's in the comments. 😂 I read Rich Dad Poor Dad and played the CASHFLOW boardgame. Very good. I don't think Rich Dad himself was ever a real person but its a creative way to teach.

@CreditSolutionist 2 жыл бұрын

I totally think he's real lol. I think I even remember Robert talking about rich dad dying lol.

@eddieyamashita635 2 жыл бұрын

Interesting. I love Robert Kiyosaki but he is very much anti stock market, very much against paper assets. He is all about real estate, precious metals, using what he calls "good debt" to generate cash flow.

@gladyslim7970 2 жыл бұрын

You have a minor typographical error. (Spelt difference as 'diffference'). Otherwise, this is a wonderful video. Cheers.

@gladyslim7970 2 жыл бұрын

Somewhere at 0.58 mark.

@oo7porschemgs995 2 жыл бұрын

@@gladyslim7970 This sentence does not have a subject. Otherwise, it's an okay comment. Cheers.

@dianerivera1309 2 жыл бұрын

binge watching you contents 👀 Learn to pronounce

@twitoo6698 2 жыл бұрын

By the way there is a private instagram account in the name of Vincent chan is that you??

@VincentChan 2 жыл бұрын

I only have one IG and I would never ask you for money. please see my IG link in description. Beware of scam imposter accounts.

@twitoo6698 2 жыл бұрын

@@VincentChan ok thank you

@salehuddin6423 2 жыл бұрын

Is there a scammer on Instagram with Ur name?

@gmoney187 2 жыл бұрын

you can also lose a lot of money in the stock market

@CreditSolutionist 2 жыл бұрын

Or if you drop your wallet....

@gmoney187 2 жыл бұрын

@@CreditSolutionist yeah that would be bad also

@theTraKx 2 жыл бұрын

EVFM scam

@aachal304 2 жыл бұрын

Earing $35,300 every 4 days is still like a shock to me with just $9,100 investment . after passing through a lot of humiliation with my family from my boss. Your trading platform remain the best ever. I will ever remain grateful to Frederick Kurt

@finanzferdinand9874 2 жыл бұрын

Far too strung out. You need to summarise alot more effectively

@tem4077 2 жыл бұрын

That book is overrated, it mostly pure repetition. The best entrepreneurial book I have ever read was “Millionaire Fastlane”.

@KrisVic91 2 жыл бұрын

Repetition is good for drilling ideas into your head. What is millionaire fastlane about?

@whysoblutube 2 жыл бұрын

Great book but Kiyosaki is a right wing nutjob. Watch any of his current videos and it’s like what? This is the same guy? Proceed with with caution on anything he promotes nowadays.