"I Got Rich When I Understood This"

Рет қаралды 82,321

Жыл 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.
Past performance is not indicative of future results. Vincent Chan does not guarantee any specific outcome or profit. You should be aware of the real risk of loss in following any strategy or investment discussed. Strategies or investments discussed may fluctuate in price or value. Investors may get back less than invested. Investments or strategies mentioned may not be suitable for you. This material does not take into account your particular investment objectives, financial situation or needs and is not intended as recommendations appropriate for you. You must make an independent decision regarding investments or strategies mentioned. Before acting on information, you should consider whether it is suitable for your particular circumstances and strongly consider seeking advice from your own financial or investment adviser.

Пікірлер: 178

@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

@CentsibleLivingWithMoneyMom Жыл бұрын

Being debt free and having low expenses has given me a lot of freedom.

@VincentChan Жыл бұрын

yes! 100% :) any tips for people who want to be debt free?

@thanksforstoppingby Жыл бұрын

Stop buying stuff you don't need. No one really needs all the things they have,they just want them. Pare down.

@therealdextris Жыл бұрын

@@thanksforstoppingby nah fr, try the two week rule, if you really want something wait two weeks and if you still want it then buy it but if you don’t then there you go, it had no use to you anyways but a quick dopamine rush

@miguelothemelo7396 Жыл бұрын

Learn how to use debt to your advantage :) (Ik the door to the next level)

@NouveauDay Жыл бұрын

"I now by my clothes from Walmart instead of dollar tree" 🤣🤣🤣 I'm sorry but that was funny 😂😂😂

@VincentChan Жыл бұрын

thank you :) did you find this video helpful?

@NouveauDay Жыл бұрын

@@VincentChan very helpful.

@suruchibarua9864 Жыл бұрын

Your videos have been the most educational for me. Simplified so well. Thanks!

@sethdouglas2765 Жыл бұрын

I just subbed, first time I have ever found one of your videos, what is crazy is I have been working super hard on getting my own business together and working on myself to achieve financial independence for 5 years now and I am really glad I found your channel. Thank you.

@sarahpalm7661 Жыл бұрын

Love the more goofy style the videos have taken, also the new hair style is really working for you.

@VincentChan Жыл бұрын

thank you so much sarah :)

@hardstylelife5749 Жыл бұрын

First time on the channel and I must say, it’s truly entertaining, really cool format!

@acevisionaire8621 Жыл бұрын

The investment space is so worth learning as I am learning. A hack that can enhance one's potential. I could sit here and wish I learned this at a younger age but I will take the experiences I have now to achieve just that. Always good videos of insight Vincent!

@JennyHoyos Жыл бұрын

one of the best storytellers in finance youtube 👀

@VincentChan Жыл бұрын

wow that really means a lot jenny :) appreciate it!

@JennyHoyos Жыл бұрын

@@VincentChan of course! i’m working on my storytelling as well since this niche can be a little tricky

@henrychang340 Жыл бұрын

You really did put some serious effort in your editing. It's funny as well.

@VincentChan Жыл бұрын

thanks so much henry :) appreciate it man! did you learn anything new from this video?

@3rdvsworld856 Жыл бұрын

Another banger! 🏆 I love the focus on mentality and planning here. I do believe in aligning with the life you want rather than thinking you need to work even harder to get it. Thank you 🙏🏾

@VincentChan Жыл бұрын

thank you so much!! truly appreciate it

@jaytee91 Жыл бұрын

Great content love it

@destinyforreal9744 Жыл бұрын

This is a GREAT channel thank you!!!!

@alejandrapardo5904 Жыл бұрын

Your editing skills have improved EXPONENTIALLY 👏🏼 Love your channel

@VincentChan Жыл бұрын

thank you so much alejandra! did you learn anything new from this video?

@namuggaresty3919 Жыл бұрын

Your videos make feel that one day I will be able to start my own business. Am thankful for your channel. I have learnt a lot from you. Thank you

@VincentChan Жыл бұрын

i believe in you!!

@yihengho8418 Жыл бұрын

Awesome effort in editting and sametime providing values to us, I wish I could like your videos ten times to show the appreciation.. Btw, I cackled at the slipping on Ice part xD

@VincentChan Жыл бұрын

hahaha thank you Yi! glad you enjoyed the jokes

@fitforfreelance Жыл бұрын

All your health and business goals start with self-belief and vision!

@PauseBudget Жыл бұрын

This video is just masterpiece o.O Inspire a lot, thanks

@javimunoz9232 Жыл бұрын

Congratulations on the video! The quality of the videos keeps increasing and I like you're making your personal style more apparent each time. Loved the funny edits (e.g. German dude cannonball)

@VincentChan Жыл бұрын

thank you javi! that really means a lot :) did you learn anything new in this video?

@javimunoz9232 Жыл бұрын

@@VincentChan the importance of compounding even for strategies, starting with 1k milestone as 1/10 to a way to 1 mill

@danielbryantx Жыл бұрын

Dude your videos are 🔥

@keisha2778 Жыл бұрын

I remember when you first quit your job! You have come a long way! Your content is creative and informative. Keep it coming.

@Samillion Жыл бұрын

Dollar cost average -> Time in the market beats timing the market. 1. You invest in the stock market because you believe the stock values go up, right? 2. Mathematically it's better to invest 120k dollars now than 1000 dollars per month over the course of the next 10 years. 3. Don't keep cash that you don't need as emergency reserve and don't invest it over time trying to gain a benefit of the DCA. 4. The more money invested the earlierst possible date wins. I know that most people cannot invest a huge sum straight away (now) because they only have x dollars left from their weekly/monthly income to invest. I just want to clarify that this example of splitting a sum you do indeed have (like the 300 dollars in this video) will leave you with an inferior outcome. I see sticking to the DCA and promoting it as a hidden way of timing the market.

@stevenadams-o9k Жыл бұрын

Bro found ur channel today and subscribed because your funny asf man keep up the edits

@stalin1909 Жыл бұрын

Vincent. I love your Channel . every video you make , i I feel you’re talking to me personally lol. I’m a youtube Veteran . and I also have my own take and experience investing . Im Doing alright , given the Ukraine War market conditions. And keeping my ( capped),well paying-not very fulfilling job for now! why So i watch you and your way of Thinking ? I want to Summon the courage to leave that ( comfortable Job). because i feel less and less happy in it …..its borderline Miserable in many days ….plus the insane stress and demand of it. much love and Success my Man .

@VincentChan Жыл бұрын

thank you so much stalin!! appreciate it :) im wishing you the best in your journey - you got this!

@user-xo3mw6iw5d 8 ай бұрын

The ride-sharing image had me trembling

@melifever Жыл бұрын

If everyone could get rich, then there would be no more rich. There are only the rich because there is inequality. You’re rich compared to the poor. Since it’s a relative thing dependent on people being comparably poorer, then not everyone can be rich. Now it would be nice if everyone could be comfortable and have all their needs met. Beyond that, isn’t pursuing riches getting a bit greedy? Just reflecting here. Throw some counter arguments at me please.

@ElusivEnigma Жыл бұрын

Honestly you're on the mark. Can't really argue here

@othonmaia1782 Жыл бұрын

Honestly anyone can become rich, but not everyone is going to stop and take the time to learn how to do it. Some people really were raised with the mindset of "Hard work builds everything". Being rich is not greedy because you don't want to be kept alive by a thread. Anyone wants comfort. If you have comfort you have peace. Some people stop there, at the comfort level, and some people wants to go beyond. It's all about mindset and goals

@maryamnoor5129 Жыл бұрын

Hi.. Can you make a video about sites or side hustles that do not require PayPal as payment method as it is not available in my country.

@straycat4918 Жыл бұрын

I love how much value all your videos always have! Thank you!

@VincentChan Жыл бұрын

wow thank you so much stray cat :) did you learn anything new in this video :)

@straycat4918 Жыл бұрын

@@VincentChan yes definitely! Just that I’m on the right path still so financial freedom!! And my name is Cathy! :)

@justwalking6520 Жыл бұрын

Yes DCA really worked well for me in RMO, Nikola, FRSX. Only lost 99.9%

@Rizzickk Жыл бұрын

Bro keep this up!

@VincentChan Жыл бұрын

thank you so much ricardo! did you learn anything new?

@nana100x2 Жыл бұрын

😆🤣 “I now shop at Walmart instead of dollar tree”

@ruthespiritu502 Жыл бұрын

Lifestyle inflation is a dangerous thing!!!

@minuyasha8119 Жыл бұрын

Great content

@rick.austin Жыл бұрын

Beautiful video! I need to get some inspiration ;) I also create videos on this topics and exactly in the past few weeks I touched the exact same topics that you did!! 😊

@MattWelterOfficial Жыл бұрын

Lot of value-packed into this video here Vincent. Fully agree with you in having a vision & making a plan for your goals, and removing that CAP of course haha!

@VincentChan Жыл бұрын

thank you so much matt!! did you learn anything new in this video?

@MattWelterOfficial Жыл бұрын

@@VincentChan Definitely the analogy of the Cap was something that really spoke to me! Thanks for the video Vincent!

@s5101984 Жыл бұрын

Liked n subbed. Funny and somewhat educational 😁

@VincentChan Жыл бұрын

just somewhat D: i have to improve on the educational content!

@SamjunK Жыл бұрын

Is that the real you Vincent? hahaha liking this style.

@babybbbb Жыл бұрын

Also the curly hair is cool!

@sams5803 Жыл бұрын

When you try your hardest to be just a little better every day and teach the same to your children you will have all you need to succeed

@sams5803 Жыл бұрын

I need to get myself organized… emotionally, mentally and physically. You are really good at this! Keep it coming!

@TeddyB_RP Жыл бұрын

Man, I haven't drank orange juice and brushed my teeth since I was a kid! I forgot all about that horrible taste, but it came right back to me when you said that! 😆

@VincentChan Жыл бұрын

LOL the flavor is burned in your memory

@RickR22 Жыл бұрын

that advertisement intro was so smooth! haha nice

@VincentChan Жыл бұрын

hahahha thanks rick! what did you think of the rest of the video?

@RickR22 Жыл бұрын

@@VincentChan rest of this vid and all of your content is top tier bud, legit have the bell set up waiting for you to post. you've help open my eyes to how i think about finance. your content is realistic and its not just dollar specific which makes it very relatable for any financial market like where I'm from, South Africa. Thanks for the content Vincent

@munchk1n393 Жыл бұрын

🔥🔥🔥

@MatiasRijoM Жыл бұрын

Your videos inspire man, did you get your inspiration at the beggining from Charlie Chang?

@VincentChan Жыл бұрын

i did in the beginning :) charlie is awesome!

@magic_fruit_bat5003 Жыл бұрын

One need at least 3 milli these days with inflation. 1 million doesn’t cut it anymore if you truly want to live independently from the 9-5.

@t.g2089 Жыл бұрын

I like your sense of humor 😅

@DK-ic5uc Жыл бұрын

thanks for this Vincent. but the fun bits are getting quite distracting... I mean a few is nice but its getting to that point where its very distracting. sorry mate, just my two cents.

@John_Connor556 Жыл бұрын

5:17 my fav Always Sunny ep 🤣🔥

@VincentChan Жыл бұрын

haha yay! what did you think of the video?

@John_Connor556 Жыл бұрын

@@VincentChan Quality 💯

@vortex365 Жыл бұрын

Great information, but the sound effects and quick cuts to memes just seem overstimulating and feel like a casino...Dial it back to where it was a few months ago! Maybe the algorithm says otherwise...

@oo7porschemgs995 Жыл бұрын

Agreed

@lexi7309 Жыл бұрын

You are hilarious and smart, thank you for your wise and inspiring insights 🌻

@Nate_Daniel Жыл бұрын

I'm convinced that Vincent does not own a piece of furniture anymore. Great vid btw

@AnastasiInTech Жыл бұрын

Awesome editing ! Cute doggg

@VincentChan Жыл бұрын

Thank you!! Haha appreciate it :) Did you learn anything new from this video?

@soulesswanderer2452 Жыл бұрын

i think you got these ideas from a book, but i don't remember the name

@macmotanooo Жыл бұрын

Hello Cousin, FXIAX? or you meant FXAIX

@yufeivicky Жыл бұрын

Hi Vincent. Thanks for making the video.

@VincentChan Жыл бұрын

hi vicky thank you for watching and commenting :)

@868gamer2 Жыл бұрын

Am i bad for saying "bars" won you a like from me.... Keep up the good content

@yangchen7982 Жыл бұрын

If I’m starting at zero, do you think learning how to edit videos is a valuable skill?

@thejorgemunoz Жыл бұрын

Yes. But you should know what you are getting yourself into. If you want my opinion on it, editing has a lot of potential but it is also very time consuming. What I did to start is that I started making videos on my channel (this channel) even though I have almost no subs at all I did got a lot of experience doing simple edits and some of my videos were pretty ok editing wise. So I found a small channel (about 2000 subs) and offer to edit a video for him for free, if he liked it, then we will talk about been on a payroll, if not, he gets an edited video for free. I showed him my own videos that I considered were the better ones and that's why he gave me a chance in the first place. A couple months ago, I showed another channel (now a considerable bigger channel) the videos I made with this person I started editing for and thanks to that I already had a vote of trust from at least one other YT channel, this second channel also gave me the opportunity and I get to charge this second channel considerably more for each video. Hope that this helps you in some way :)

@jajajaja2624 Жыл бұрын

There's something that better than owning stocks with less risk and nothing is 100% but the return win rate is 90% better than stocks .Just my opinion

@NeonRazer42 Жыл бұрын

Keep in mind he worked a very high paying job compared to most of us and his key words were "Saved up a bunch of money".

@VincentChan Жыл бұрын

yup, i was super frugal, saved money and then took the leap

@HtoC940 Жыл бұрын

Everyone I know that thinks this way is poor. The key point he makes is not how much money he started investing with, it is that he started to treat his life as a planned system, and that when he did so, his gains compounded. I started investing 10 years ago with $50/month. Sounds small, but the life changes that I experienced as a result of switching to long term planning with a focus on financial independence has allowed me to make better decisions and scale my income/investments dramatically. In other words, don't focus on where you are, but rather, where you want to go. Then start with small steps that are achievable. Like his Warren Buffet example, most compounded gains are made in year 30 and beyond so patience is key. Time is the only guaranteed way to increase wealth.

@Ninonkw Жыл бұрын

@@HtoC940 how do I start investing into stocks

@lucasderman4704 Жыл бұрын

@@Ninonkw Do not do individual stocks. You wanna know the secret to a wealthy retirement? You pick an index fund that tracks the S&P500 and keep buying the fund every paycheck. About 15-20% of your pay check and you do this until you retire. No word of a lie, it's that easy. but why? because the majority of people don't stay committed to the plan, life happens, lifestyle creep, kids, marriage, divorce, aging parents, etc etc. but if you stick to this plan, it's the surest way to guaranteed wealth. If there's anything close out there to black magic, it's compound growth

@Ninonkw Жыл бұрын

@@lucasderman4704 thanks for the reply and how do I start buying index funds?

@youshouldn Жыл бұрын

Nice

@GrecoFPV Жыл бұрын

Excellent video and very good KZfaqr from an advertising point of view

@lisaia7877 5 ай бұрын

Can I see the art pieces you made so I can see if I’m worse?

@Lucky_McHugh_38C 8 ай бұрын

I prefer to manage my own money.

@Mripodfreak1 Жыл бұрын

Ur videos are hard to watch with all these ads 🙄

@mikir1741 Жыл бұрын

3:57 I said 1k

@711jastin Жыл бұрын

money does grow exponentially, providing that you invested in the correct way. rich people invest on stably growing assets, i.e. S&P500, precious metal, real estates etc. thought it's very slow but your money WILL grow given enough time.

@babybbbb Жыл бұрын

Yeah I totally thought your first milestone was going to be $0 net worth...

@tombaily29 5 ай бұрын

How to become rich 1. Realize morality is a defense mechanism for the weak masses. Overcome this mentality. 2. Do every beneficial thing possible for yourself within the legal limits. Prison and jail is not the goal here. 3. Do not be afraid be take out massive loans and investment money to accomplish your business plan. When you owe the bank $2.5 million, your bankruptcy is now THEIR problem. 4. Build a "golden parachute" for yourself in every contract and hammer home the point that "YOU are worth it." 5. Congratulations, you now win if you win and win if you lose.

@earnmoney6001 Жыл бұрын

Calm beaver 5

@bin4ry_d3struct0r Жыл бұрын

If you DCA every month into say the S&P, but it costs you $10 per transaction, would it be a good idea to reduce the frequency to every other month?

@VincentChan Жыл бұрын

Every other month is fine. You should also look into other brokerage platforms that have $0 in transaction fees.

@the1337fleet Жыл бұрын

Agree with Vincent and be sure to double the contribution to make up for it

@bin4ry_d3struct0r Жыл бұрын

@@the1337fleet I actually did not know brokerage platforms with $0 transactions fees existed. I mean, I thought that's how they all made their money. I got some shopping around to do.

@the1337fleet Жыл бұрын

@@bin4ry_d3struct0r which brokerage are you using right now? I feel like most brokerages nowadays do $0 commissions

@bin4ry_d3struct0r Жыл бұрын

@@the1337fleet I'm only investing through my bank at the moment. I've been looking into WealthSimple, Tangerine and a few others but not particularly leaning toward any yet.

@joquerol Жыл бұрын

0:54 Triggered by the low stake being higher than the high stake.

@VincentChan Жыл бұрын

hahahha. what did you think of this video?

@joquerol Жыл бұрын

@@VincentChan it was great. 👍 I didn't personally learn much because I've seen a lot of your videos and other peoples' videos on these subjects. Pretty perfect for someone who needs to learn all of this though. And it was hella entertaining, which as an aspiring content creator I can appreciate how hard that is to do.

@MatiasRijoM Жыл бұрын

There robots are fast when commenting!

@PrincessMultiracial Жыл бұрын

They do a better job at commenting than me lol

@VincentChan Жыл бұрын

haha yes! theyre trying to scam people so please be careful

@pismobiics825 Жыл бұрын

You have the cutest dog.

@100xDegen Жыл бұрын

I know you think that this is cool and artistic but the ton of distractions in the video is very off-putting. It's dodging your points from getting delivered not helping them.

@flobba123 Жыл бұрын

how much i make from a job? 0 dollar everyday for 30 years impressed?

@estrower. Жыл бұрын

Strong door 16

@803midd Жыл бұрын

More promotion than content in this video

@user-sp7mh5eh2v Жыл бұрын

Calm bear 13

@maskontub8003 Жыл бұрын

Ain't gonna stop me🌝

@VincentChan Жыл бұрын

hahahah what did you think of the video?

@maskontub8003 Жыл бұрын

@@VincentChan your editing are sick man wanna teach us some

@james_horan Жыл бұрын

Get a side hustle. Start a business.

@Dethmaster64 Жыл бұрын

I appreciate the seductive pose at the beginning

@VincentChan Жыл бұрын

LOL thank you thank you. did you learn anything new in this video

@davidalexander4076 Жыл бұрын

Hey Vincent, I need to make 3,600 dollars by the 1st of December or I lose everything. I am only able to work weekends and the average income in my state is roughly 8.25/hr. Please help!

@lancelogedde8291 Жыл бұрын

But this african king told me he could make me rich if I send him money

@VincentChan Жыл бұрын

LMAO

@dijay6065 Жыл бұрын

Okay you keep telling us to invest in index funds on just about every video. We know enough about the benefits. But what can you tell us regarding the potential risks involved with index funds? What are some of the challenges you've faced personally that reflect those risks?

@United_Wings Жыл бұрын

Interesting 👌🏼

@VincentChan Жыл бұрын

thank you! did you enjoy the video?

@United_Wings Жыл бұрын

@@VincentChan absolutely 💯

@CREATEWITHCREATON Жыл бұрын

1.GO BEYOND

@jessicarojas6477 Жыл бұрын

Hi. Are you taken? Lol

@Only_Gonzo Жыл бұрын

these ideas sound alot like "think and grow rich"

@Salty_Biscuitz88 Жыл бұрын

Be smart hustler

@_Kamina. Жыл бұрын

But I do actually enjoy my day trading :( Also, 90% of people lose their money because they are not willing to put in the time or effort to actually learn trading. I did like 1,5 years of paper trading before I actually went even a little profitable on a longer time scale than a week. xD Its basically my goal in the next 5~ years to be a full time trader and I do believe that its possible for me.

@PrincessMultiracial Жыл бұрын

I love your videos and I wish I had more to say. Lol

@VincentChan Жыл бұрын

awww thank you so much :) appreciate it! did you learn anything new in this video

@PrincessMultiracial Жыл бұрын

@@VincentChan Saved it to my Finance playlist! You’re right that we need to clear head-on goals and identify the building blocks for those goals [as your examples of instead of having the $100,000 goal, start practically with $100 and have proceeding milestones also be practical]. That’s always been my struggle, having a clear blueprint of what I want to do. Plus, I learned you have a tattoo on your right arm 😉

@Mexicobeanpole Жыл бұрын

Once I saw the orange blob in your video, I couldn’t watch the rest.

@holygod3737 Жыл бұрын

Elon works 100-120 a week

@PrincessMultiracial Жыл бұрын

Because he wants to not because he really has to

@CAGChannel1 Жыл бұрын

How old is the beautiful, mohawked lady?

@mdsalauddin2906 Жыл бұрын

Kind beast 98

@VincentChan Жыл бұрын

What’s that

@Olivia4448 Жыл бұрын

Immediately unsubscribed when I saw the nod to A. Tate. Disappointed.

@melissakrauska7075 Жыл бұрын

I did the same

@MrWhyme55 Жыл бұрын

😀😀😀😀😀😀😀😀😀😀😀😀

@YasinNabi Жыл бұрын

After I found out that money is only a tool to exchange for values, I stopped saving and started investing.... Invest your money to make more money, By saving your money you only lose its value and it gets depreciated.... a fellow creator ^=^..,