+Deoc thank you :)

interesting points ,if anyone else wants to learn about wealth affirmations try Hopandar Mental Attraction Helper (do a search on google ) ? Ive heard some interesting things about it and my mate got great results with it.

Arun Bhandari nice concept in your dreams

gespilk You have serious issues.

Simplicity Wins!

True True True Love your message

AMEN to that

Amen to that

A. Stark Money: If you save me today I will help you lesser day by day thanks to inflation

Very well said.

only real shit bout this dumb biased manipulative video

I know people who invested in the market and other projects and fail dramatically. They remain with some bad experience

Some call it "self-sacrifice," I call it "hard work."

99,99% rich people come from rich families 😑

So wrong. Many people sacrifice, take risks, lose it all and end up with nothing. Wealth is created through using the resources you have, perhaps just time and effort, to create more resources. The fishermen used his resources, time and effort to create a spear which allowed him to get more resources. If you are not using your resources to create more resources then you are going to be poor forever. If you are using your resources to just live day to day instead of using at least some of those resources to generate more resources you are going to be poor forever.

I'm so happy i made productive decisions about my finances that changed my life forever. I'm a single mother, bought my second house in September and hoping to retire next year at 52 if things keep going smoothly for me.

@@Ranieri197 Congratulation beautiful lady. You're really doing well for yourself, I'm at 55 and my financial life is in a mess. Any great tips would really go a long way in shaping my life. i want to buy my own house, that's really a big flex….

@@jkpellegrino378 I used the FIRE movement to put my finances in order. Then invested in stocks, cryptocurencies and real estates through the assistance of an investment Pro who helped me make it this big...

@@Ranieri197 Thanks for your kind response, i would love to connect with your financial consultant, I learned very late about the importance of a mentor.....

@@jkpellegrino378 As the economic crisis keep rising, one needs to have different streams of income, a well detailed diversified investment portfolio in the financial markets is needed to survive, as well as secure a profitable investment future, Thanks so much to Mrs Brianna megan for helping and enlightening me.

You speak from the heart Keaton.

With the right people of course Keaton, it may seem strange but I can tell you it is the most brightest decision to make when trying to attain extra cashflow in your business.

Ahmad Rajpoot the outlier are so difficult to reach online.

Well said Keaton.

Ahmad you sound well experienced in this, how do I get linked up with someone good at trading?

gespilk what the f are you talking about? Have you ever read any economics books?

Wealthbuilderz TV I want to be watchman. How

Wealthbuilderz TV it’s an uncredited copy of “How an economy grows and why it crashes” by Peter Schiff

gespilk no lots of wealth is built on sacrifice and surplus. Did you not watch the video??

The primitive man had the free run of an island with fish in the water around. That part was ignored. Without natural resources available, no wealth can be created.

+DemiseMusic&Entertainment thanks for your comment:) #thriftytomteam

Thank you for this amazing video!!

congratulations

congratulations for chosing a healtheir life style and taking control of your money!

Hahaha, they think you're being serious 😂

Then u will never grow!Yes even debt helps u to grow!Once in a while get out of debt but when trying to expand especially in business u do need the loans!

Fadi Mar so you bought your house and cars all cash? Good for you 👍🏽👍🏽

lmoa wealth is created primarily through debt, business and real estate loans

So true. It is surprising what people will pay if they really want something.

Twaha Hamisi they wanted to show the main important points. When your balling and getting an early retirement you can do whatever you want at that point

Couldn't agree more

Most people learn from hard lessons. It's likely pete wouldn't make the same mistake twice, but tom didn't make it in the first place. In life you either learn from your own mistakes or you learn from other peoples mistakes. The latter is always better for you.

We can also learn from other people's mistake

😝😝😝

I agree

well it is true, but the money he invested is the EXTRA money he saved. even he did loose them, he wasnt hurt in anyway. worst than pete. over time most investment will have a good return unless you dont know what you are doing.

For real, life does not always go the way we want.

@@jackli8088 Key is balance in life. You shouldnt sacrifice so much that you miss out on the happiness of today but in turn you shouldnt completely take your eyes off the horizon. You could tell that story from another angle where Tom lost all his friends because he did nothing but work and when the financial crisis hit, the small businesses that Tom owned where the ones that crashed. Pete however stayed with the business and had a nice redudancy package and a stronger c.v. Additionally the bigger business did not need to get rid of someone who was long serving. Pete also had a house with insurance covering it so was in a safe position where he wouldnt lose it, plus had a car paid off. Tom however lost all his businesses and didnt have any equity to fall back on. You can tell that story from either side. The simply point is to find balance between both parts.

@@MezzykinsI believe thats wht the risk is in the business

He didn't build any business after the crash. And crashes in the economy disproportionately affect bigger companies.

Tom just runs counter cyclical businesses. Debt collectors and pawn shops do better in bad economic times. Not quite as sympathetic though. I don't know many debt collectors who get a lot of love.

for 7000$ per month don't you think those businesses were quite mediocre don't you think? sure its still harder in real life but they at least tried to make it with much sense, having 1k income from your 7k$ investment is a poor investment. but just makes you think and make more sense out of you.

Valksie $1K per month on $7K investment is a 171% ROI per annum. If you find 30% ROI you're doing really well. 171% is mad money, but it won't last long because others are going to flood your niche and compete will you.

+Lenard Segnitz I kinda messed up on my sentencing, I was suppose to say that he investment 7k$ per month in a few years to get that 1k income shop, so it is quite real tbh.

Rich dad, poor dad also Richest man in Babylon too

But the question is ... what is 'the right investment' ?

@@TheHumbuckerboy there is no right investment. There is an investment that will pay back x in y amount of time and countless others, even in completely different fields, that will give back something completely different maybe. You have to take the risk and learn through your mistakes. Having high income will help a lot as the risk of failure will be almost insignificant.

Resources available at any given time for utilization are fixed. How an economy grows is by finding new ways to reduce the use of resources (cost) for maximum supply of demanded goods & services.

​@@austinbyrd1703 Sorry but that is not how an economy works. Sure making things more efficient and more cost-effective is important, but that is not the main purpose of an economy. You seem to be stuck in the limited belief of "finite resources". Finite is a meaningless term since practically everything real is finite. For example, the sun has a finite amount of fuel before it runs out. The current fuel will only last another 4 billion years, so you need to prepare... Or maybe not since it is doubtful that our species will even exist then. Resource management is supposed to be built into an economic system. But resource management is about not only utilizing resources in the best way but also creating more. To increase the number of resources while reducing the cost of creating those resources. The whole supply/demand really works because if there is too much of something, the price drops. The result is manufacturers quit wasting their time producing an overabundant item. But if it is in short supply, the cost increases, causing manufacturing to increase the supply, and for other people/companies to start creating that same item. Resources are not rare because there is so little of them, but because the ones producing them want at least a certain profit to make it worth their time and effort. At too low a price point it can even lose money. Diamonds are not barely as rare as people think they are, but was controlled by a cartel for decades. We can make better diamonds in a lab, and the only way anyone can tell a difference is that the lab-grown diamonds have fewer flaws in them. Debeers created the whole idea of giving a diamond ring to propose. It's part of our culture right now, and yet is the result of marketing, not tradition. With oil, people were worried that we were running out. I even tried debating with people who said we were "running out". Pushing the myth of "peak oil". Then Fracking was a thing, and suddenly we have over 200 years worth of oil. (And people just don't understand what Proved oil reserves are, assuming it's all the oil left on Earth when it's not.) We have increased proved oil reserves by over a trillion barrels from 1981 to 2013.

@VIKDR I don't see how anything you said was an argument against what I said. I said that the amount of resources available at any given time is finite. In many places, they do in fact run low on these resources. Not really because we're actually running low, but just improper & wasteful use sparked by government intervention or downright control. I agree with everything you said about prices. Markets have the greatest incentive & capacity to innovate & most efficiently allocate the resources (land, labor, & capital) available to us at any given time. They're also incentivized to discover new natural resources (oil, nat gas, etc); whether it's a brand new resource (like when we shifted from whale oil to oil in the ground), or if they're just discovering more of existing resources.

​@@austinbyrd1703 Well let's break down what you said. "Resources available at any given time for utilization are fixed." Only true if time is frozen. If you are talking about a specific time, not a second before, not a second after, that is true. But available resources are constantly fluctuating. What is available to a person is constantly fluctuating. People are constantly mining, and creating resources. Food is constantly being grown and consumed. As a result, prices can fluctuate. A business might find a cheaper source for a resource resulting in the ability to acquire more at a lower price. On the opposite end, they may find they aren't getting the quality they want, and have to pay more for a higher quality resource. Then the comment, "How an economy grows is by finding new ways to reduce the use of resources (cost) for maximum supply of demanded goods & services." This is completely off. Again it is part of an economy, and important, but not always done, and not the main purpose of an economy. An economy grows because of the creation of... Well, stuff. Food, clothing, shelter, video games, movies, underarm deodorant... Often many items will come into existence, only to go out of existence. Food is a great example of that. But I am not disagreeing with the whole of the statements, mostly the simplicity. What resources are available to a person or company can be limited, but in the next comment you did bring up innovation, and that is extremely important, and sometimes more important than the resources available. In the 80s two idiot brothers decided to corner the market in silver. They single-handedly pushed up the value of silver. Kodak was the single largest user of silver at the time, so the price hike was very bad for them. They immediately went to work and created a new method for developing photos that didn't require silver. If I remember right the new method was even cheaper than before the price hike for silver. One of the first books on business I read mentioned that having a lot of money to start a business can actually be a bad thing. A lot of people who start businesses with money end up financing out their problems. But the people without money have to find creative ways around their problems and innovate new, and potentially better solutions, while the person with money just keeps burning through their money without ever actually fixing their problems. But all of this kind of ignores my main premise. From a practical standpoint, we live in a limitless world. I don't want to see the world with limits, the limitless potential. People keep putting roadblocks to their own success. They see the limit in front of them, only to be surprised by the person who completely demolishes those limits. Tesla was hit by the same chip shortage as the other car companies, and yet they kept on producing cars. They removed a redundant chip, found an alternative for the chips they were using, and used some programming to adjust for the changes. The other car companies were going, "We can't build cars." While Musk was saying, "How can we build cars?" Really even creating Tesla was against some rules, but he did it anyway.

@@VIKDR1 Bro I read everything you said here you seems to know a lot of knowledge about economics, marketing and wealth. Bro what books did you read to obtain these knowledge ? I wanna know because im preparing myself in walking the road of success. I want to be as prepared as i can and knowledgeable as i can. Hope you read this and also one last question. Did you achieved success?

do you tell yourself that to feel better about yourself? you wouldn't make that from a job because you have no skill that warrants high pay.

+GabiN64 Exactly idiot😂😂 and i make more than you.

@@samlee501 good for you, i don't care. I'll let business owners take on the risk of ownership while I take my share and hop business to business making more money. I'm able to do that because i'm in demand. we play different games.

@@GabiN64 My point was simple.Passive income generates(which comes from business) generates more wealth.Btw i have day job too.Hope you do well too.

@Peter Nguyen the business owner needs employees otherwise he'd do everything himself. obviously he can't. employees are hired because they bring value.

Jeremy Lane you'd be surprised, some people do fine because they have an external and immediate accountability factor. But when it comes to their own money they're like buckets with holes.

People learn and people are allowed second chances in life . So don’t judge Pete for getting a second chance.

Jeremy Lane It Actually Can Go Either Way In Cases Like This... But I Tend To Believe That When Offered A Chance Like This After Such A Setback, Most Would Feel Personally Obligated To Protect Tom For Providing A Helping Hand When All The Other 'Friends' Ran For The Hills + Use His Own Personal Experience And Be Better.

Tom worked with Pete before so he knows he's not a total idiot.

Everyone gains something from their mistakes. Infact Pete is the best candidate to hire because he has experienced the other side and learnt the consequences.

I feel the same way!

same here! Keep learning and learning you can make something out of almost nothing

hi! What trader or platform do you trade with? I know zero about algorithms but I'm really trying to better my life, do I stand a chance?

I trade Forex. The competition here is quite fierce no doubt but a good system well developed with high tech algorithms do the trick. Hence I trade with Arthur Winchester, a financial analysis signals are second to none. All I had to do is open an account on his platform we trade the account if I choose to, profits earned from the days trade he gets 20% i deposit the rest It helps me identify profitable trades. You'd get the hang of it like I did anybody could get a shot at it really. Kudos to Arthur Winchester he's a Champ, my Champ. 💋💋

so I make profits while learning sounds good to me, how do i connect with Winchester? What is the minimum account I can start up with?

Thank you :)

Thank you:)

You are right! Do you invest? I'm very much interested in Cryptocurrencies, can I know your ideas?

Yeah I do. Starting out an investment is really easy and anyone can indulge. I believe in the law of compound interest and leveraging. I reinvest consistently with Sir Robert Johnson a license body of a broker firm. I operate an exclusive package and so far I have compounded $99700 with $19200.

@@wilsonanna4951 really impressive, I'm interacted in this. I already heard about Sir Robert Johnson sometimes ago, how will I get to reach him.🙏

Connect with him on Whats@pp and chat me later 👍

*+1. 3. 4. 7. 6. 7. 6. 2. 9. 6. 5.*

Thank you

i.e. Civil it’s an uncredited copy of “How an economy grows and why it crashes” by Peter Schiff

Is this the same Peter Schiff that has successfully predicted 25 of the last 2 recessions? kzfaq.info

Tell that to the federal reserve.

Sometimes doing the easiest is the most difficult

In 1,000,000 years it’s somebody else’s problem...

Dont day trade. 95% lose money. Invest for the long term

@@leonreaper90 there's ppl day trading and swing trader creating wealth..dont knock something just because you couldn't do it.

And make sure it’s 10,000 after all the tax and deductions....

@@missshannon9790 And there are people who make money playing blackjack and poker. It just means that in general, unless you're willing to really dive into that area, you take the more general and long term safe option.

If you fail to plan, you plan to fail.

Bitcoin mining ain't that easy as people take it to be. If it was, then eventually everyone would be doing it. Well, thanks to Mr Louis who made it a reality though it wasn't that easy but they still did it. I had 0.3 btc in my wallet and I was able to get 0.9 btc in a week from their bitcoin mining operation and was smooth without any delay while withdrawing my profit. Here's their WhatsApp line if you're interested in their services +1(778) 784 -770 or Email jaylouis989@gmail.com

@tragik times we can never know for sure

I have a plan to have a plan to have. Does that count? LOL

Furrowed Brow 🔥🔥🔥

Translator XD

It is misleading, right from the start. There was an island freely available to the primitive man. If the island was owned by someone, they would have wanted a big share of the fish as their rental payment.

+Mavis Smith Thank you 😉

Mavis Smith it’s an uncredited copy of “How an economy grows and why it crashes” by Peter Schiff

Why did not you watch the whole video? Go to 8:20

Thank you!

Vladimir Georgiev it’s an uncredited copy of “How an economy grows and why it crashes” by Peter Schiff

How is it uncredited he mentioned the book at the end of the video

Bart Whydoyoucare oh no, I’ve missed that! And since there’s nothing in the description I didn’t give it another glance.

+Pedro Pablo Cuvi Santa Cruz Thank you 🙂

Pedro Pablo Cuvi Santa Cruz it’s an uncredited copy of “How an economy grows and why it crashes” by Peter Schiff

Why did not you watch the whole video? Go to 8:20

It doesn’t exist such thing after Richard Nixon finished the gold standard long time ago after Einstein death. Stop deluding yourself and others.