If you're tired of being broke, watch this.

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Күн бұрын

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If you're tired of being broke you need to realize that it might not be because of you but because of something else entirely...
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0:12 Start here
0:42 The science behind building wealth
2:07 1st strategy to build wealth
3:48 2nd strategy to build wealth
8:30 3rd strategy to build wealth
9:50 4th strategy to build wealth
11:36 5th strategy to build wealth
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Some of the links on this page are affiliate links, meaning, at no additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. Affiliate commissions help fund videos like this one.
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: 94

@VincentChan 11 ай бұрын

💵 Build a wealthier and healthier life in 5 minutes weekly, for free → vincentchan.co/rethinkable/

@motivacionemocional 11 ай бұрын

I love the editing of your videos and their effects, Could you mention what course you took to improve your video skills? please

@EM3Finance 11 ай бұрын

For most people finance is like fitness: the equation is simple but the implementation hurts😊

@olatomiwaoluwatusin9858 11 ай бұрын

So true, it takes motivation and discipline to make your finance (and fitness) goals come true.

@kelsosworld 11 ай бұрын

Youre so right! Its always worth the effort

@NightRidah777 11 ай бұрын

I used to be tired of being broke. The #1 thing I did was get a good night's rest. Now I'm not tired anymore... still broke though 😂

@SpencerJohnsonOfficial 11 ай бұрын

I've found that surrounding yourself not only with the right people physically but mentally as well is one of the biggest keys to reprogramming your mind to adopt the habits of wealthy people. You don't have to be friends with millionaires to learn from them these days thanks to podcasts, books, etc. Nice video Vincent!

@VincentChan 11 ай бұрын

exactly! surround yourself with the right people is key :)

@mmp495 11 ай бұрын

Absolutely! I found mentors through casual conversations at work on how to stay out of debt, pay house off early and save for retirement. Best education yet. ❤

@TravelsoFun 6 ай бұрын

Totally agree 👍🏽

@SophiaBint-wj8wn 11 ай бұрын

Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Instead of trying to predict and prognosticate the stability of the market and precisely when the change is going to happen, a better strategy is simply having a portfolio that’s well prepared for any eventually, that’s how some folks' been averaging 150K every 7week these past 4months according to Bloomberg.

@alicebenard5713 11 ай бұрын

That’s crazy, I’m just doing everything wrong with my portfolio.

@Jessicatorres_768 11 ай бұрын

The US-Stock Mrkt had been on it’s longest bull-run in history, so the mass hysteria and panic is relatable considering we’re not accustomed to such troubled mrkts, but there are avenues lurking around if you know where to look. My husband and I are retiring this year with over $7,000,000 in tax deferred investments. up until 3 years ago we were 100% in the S&P. During bear markets we had a perfect plan. We got an investment manager in our corner and didn’t look at our portfolio for nearly a year..

@PhilSommer2 11 ай бұрын

Same here, 75% of my portfolio is in the red and I really don’t know how long I can stomach the losses. I’m beginning to reach a breaking point.

@KatherineAnderson-lm8bw 11 ай бұрын

Patience patience patience. It's a cycle.... a sucky point in the cycle, but a cycle nonetheless.

@workertotraderjourney9007 11 ай бұрын

I believe the safest way to invest is to craft an all weather portfolio. It’s a life time research and there are tons of great resources like books and journals and research papers

@foodlover8151 11 ай бұрын

Reprogramming my mind requires discipline. This economy might be the motivation I need. Thanks for another helpful video!

@VincentChan 11 ай бұрын

100%, you got this :) how is everythign going?

@foodlover8151 11 ай бұрын

@VincentChan expensive summer, so I need to cut all spending until bills are paid

@eddieortiz4096 11 ай бұрын

Not making upto a million before retirement is an unfulfilled retirement. I’m 54 and my wife is 50 . We are both retired with over $3million in net worth and no debts. Currently living smart and frugal with our money. No longer putting blames on the FED for our misfortunes. Saving and investing lifestyle in the stock market made it possible for us this early. Even till now, we earn weekly.

@eddieortiz4096 11 ай бұрын

I must also give credit to Larysa Caba. She made all this possible through the great decisions she made with my portfolio.

@fredrickalfarez6875 11 ай бұрын

I feel one Of the greatest challenges that we first timers face in the ma rket is that we end up losing all we have,making it difficult to find ourselves back to our feet. My biggest advice is to always seek the services of a professional just like I did when I ventured into it for the first time. Big thanks to Larysa Caba. I now make huge profits by weekly through her services while still learning to stand on my own.

@greatodison4071 11 ай бұрын

I trade with her every week and make huge profits from her. her consistency is crazy.

@leticiaenraz8514 11 ай бұрын

It's amazing that you got to know her. she has been a blessing to me and my family.

@bigelbow4854 11 ай бұрын

I just looked up her name online. she is licensed with credible certificates and has an amazing track record. Thank you for the message.

@cutestcats3718 11 ай бұрын

your videos are seriously soo good! so well researched, and they teach so much in a short amount of time.

@SuketuPatel 11 ай бұрын

They way you keep me watching your videos is crazyyyyyy - especialy the ending where you lead me to another

@EuniceCChina 11 ай бұрын

I have watched Dave Ramsey for many years and am happy to have been debt free for over two years. I am currently stuck between saving and investing. I don’t really have much knowledge at all about investing.

@highsol222 11 ай бұрын

*"The more you learn the more you earn."* I've become so jaded on the topic, but this quote is so undeniably true. It's the only wealth building advice I listen to anymore. The only advice that is able to crack my hard shell and get through to me. My one and only problem though, is I'm a jack of all trades and master of none. I have way too many interests that I'm unable to pick just one. I could easily become the next big phonk house artist if I really wanted to. But thats just one of hundreds of interests I have. I just can't pick.

@VincentChan 11 ай бұрын

yes!!! upskilling is key

@highsol222 11 ай бұрын

@@VincentChan And also, you don't know what you don't know.

@nathanlieu6840 11 ай бұрын

Its just disciplines/consistency/iteration is all u need least make it too middle class if not higher. Main prob is most people quit b4 they reach expoential learning curve, thry fail to build the basic mental infrastructure in some domain/field -> everything after is where real growth actually happens. I can almost guarantee if you spend next 5 years focsuing on 1 craft (not focusing on money) and just growing ur going be fine.

@HalfPastChai 11 ай бұрын

How do you have a video for EVERYTHING. I love it

@padmeasmr 11 ай бұрын

I feel such a failure. Even though I studied sm and had many experiences... I still feel like that. I tried yt the past year but it's not working out. Today is a bad day.

@dotpenji 11 ай бұрын

I think more of this video should have focused on delaying gratification....especially in regards to starting a business. Almost no businesses are successful right out the gate so you are literally forced to endure delaying gratification. Great video and love the content you make!

@monicasoriano8581 11 ай бұрын

I couldn't agree more! The act of resisting an impulse to take an immediately available reward in the hope of obtaining a more-valued reward in the future. Saving money for retirement instead of spending it now is also an example.

@kristineambas 11 ай бұрын

I agree! Focusing more on the concept of delaying gratification, especially in the context of starting a business, would have been valuable. Most successful businesses do require patience and delayed gratification, and highlighting this aspect can provide important insights. The video is great, and the content is highly appreciated! 🚀📺👍

@monalizapantoja8490 11 ай бұрын

Agree! This ability to delay gratification is a key trait that separates those who thrive in the business world from those who may struggle to sustain their ventures.

@ryanvalenzuela551 10 ай бұрын

Indeed, Emphasizing delayed gratification, particularly in entrepreneurship, would be valuable. Success often requires patience, and this insight would enhance the video. Great content!

@lyricssession5576 10 ай бұрын

Motivating video! Being broke is tough, but your video gives hope and direction. Thanks for the inspiration!

@folushoxo 11 ай бұрын

Great video! Learning how to conform and reprogramming your mind is crucial. Failure is the only way to success. Wishing you all the best of luck on your endeavors!

@VincentChan 11 ай бұрын

wishing you the best of luck too!! how is everything going?

@tj-xl7254 11 ай бұрын

Thanks, this really helps put things in perspective!

@VincentChan 11 ай бұрын

that's very kind of you to say, thank you. how's everything going?

@tubaherogaming631 11 ай бұрын

Haha I was looking away at 0:58 and heard "HORSE MAN" an instantly was intrigued as to how Bojack would make me wealthy 🐎

@VincentChan 11 ай бұрын

hahahha

@denialara8464 11 ай бұрын

Love it 🤩🤩🤩🤩 thank you 🎉🎉🎉🎉

@alexandrasvdavis 11 ай бұрын

This is the best way to start a Sunday finance content marathon 🥳

@VincentChan 11 ай бұрын

hahah thank you so much alexandra! is there anything you want to see more of?

@alexandrasvdavis 11 ай бұрын

of course! Could you include a portfolio breakdown for FIRE videos and a quarterly market update? Love your content! @@VincentChan

@chrisguerrero7338 4 күн бұрын

You amazing man!!

@user-ek9vo2ub9b 8 ай бұрын

So I went to Welding Trade School a year ago. I have a crappy S7 Stick Welder, some rods, and even TIG Filler Metal Rods - but get this - not a SINGLE shop wants to hire me because I don't have 2 years of "muh experience". I don't know anyone who even wants to pay for Welding services.

@RebeccaEvans 11 ай бұрын

Appreciated

@RebeccaEvans 11 ай бұрын

@FinanceYT- BOT

@hunterandchavy 11 ай бұрын

Nice! I used Dr. Carol Dweck research for my dissertation defense 😊

@VincentChan 11 ай бұрын

that's awesome, what did you talk about?

@hunterandchavy 11 ай бұрын

@@VincentChan self-efficacy and self-determination for those that passed their CRNA boards on their first attempt… i did not pass on my first attempt 😞 but was successful on the second time (mindset is everything…millionaire or success at your studies)

@dinokknd 11 ай бұрын

My magic lamp is unfortunately also broken. I'm still waiting for it to work again.

@VincentChan 11 ай бұрын

bleh it sucks :( i need to get a very tiny light bulb to make it work again. bummer. what's wrong with yours??

@dinokknd 11 ай бұрын

@@VincentChan Mine keeps claiming it has lost it's magic touch! Maybe your suggestion of a new tiny light bulb will bring it to come up with new tiny yet brilliant ideas.

@henryhaight4249 11 ай бұрын

I HAD THAT EXACT SAME SPIDERMAN WALLET!!!

@bumblebee_bae 11 ай бұрын

How do I find that side hustle?

@JWEATHERSBY 11 ай бұрын

Great video (as always) -- the delayed gratification comment feels like a topic for a whole other video! There really is something there to people, in life, not wanting to wait for two marshmallows. Perhaps a video on ways to build a stronger affinity for delayed gratification if you don't have it?

@VincentChan 11 ай бұрын

that's a brilliant suggestion :) ill for sure add it to my list. anything else you think would be helpful?

@sam11521 9 ай бұрын

As a teacher, we are trying to change this, but it is dificult

@mmp495 11 ай бұрын

The Ramsey Solutions 10,000 millionaire study was an amazing find. I too thought to be a millionaire you had to make that much. 😂

@rudysmith1552 9 ай бұрын

22.7 million people are Millionaires

@tobiace6708 11 ай бұрын

OMG, how can someone talk so much without saying ANYTING

@-_YouMayFind_- 8 ай бұрын

WE all know that not everybody can become rich so the whole research is fun but definitely misses out on the fact that rich benefit from the fact that most people are NOT

@revolusirevolusi-jw7tn 9 ай бұрын

step 1: live in one of the richest country in the world

@pencilcheck 11 ай бұрын

give me money, then I can solve this problem, or if you can convince others to give me money, I will support you 1000%

@sophiico 11 ай бұрын

Woah I’m so early!

@VincentChan 11 ай бұрын

ayyy haha awesome :) what did you think of the video?

@RamboWealth 11 ай бұрын

Who's first?

@VincentChan 11 ай бұрын

you!! welcome to the video :) what did you think of it?

@pencilcheck 11 ай бұрын

I disagree with the last point, there is no proof that the model for success isn't bias due to boomer era instead of the economy today. I have a feeling you are just reading off the books you read. A lot of those writers bias against millennials because a lot of them are probably boomers who wrote those books. I hope you did digest and understand their bias as well.