The Richest Man In Babylon // 10 Timeless Wealth Lessons

  Рет қаралды 113,974

Tae Kim - Financial Tortoise

Tae Kim - Financial Tortoise

Күн бұрын

Timecodes:
0:00 - Intro
0:38 - Seek Wealth
1:45 - Invest In Yourself
3:16 - Act
4:45 - Get Good Advice
6:24 - Make Money Work For You
8:00 - Pay Yourself First
8:44 - “Necessary Expense” Is Self Defined
9:50 - Avoid Risky Investments
11:32 - Buy Protection
12:35 - Enjoy Life
► The Richest Man In Babylon (amzn.to/3DeEh0v)
------------
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DISCLAIMER: I am not a financial adviser. These videos are for educational and entertainment purposes only. I am merely sharing my personal opinion. Please seek professional help when needed.

Пікірлер: 73
@softy-bf5eg
@softy-bf5eg Ай бұрын
I think investors should always put their cash to work, especially In 2024, we'll start to see more market diversification. I'm hoping to invest about $350k of my savings in stocks against next year. Hope to make millions in 2024
@TitaAnderson
@TitaAnderson Ай бұрын
Since risk is at an all-time high right now, perhaps you should be a little more patient and return when it has decreased. Alternatively, you can consult a trained financial expert for strategy.
@marlisamirabal
@marlisamirabal Ай бұрын
Yes true, I have been in touch with a brokerage Advisor. With an initial starting reserve of $80k, my advisor chooses the entry and exit commands for my portfolio, which has grown to approximately $550k.
@Cammimullens
@Cammimullens Ай бұрын
I’ve been looking to switch to an advisor for a while now. Any help pointing me to who your advisor is?
@marlisamirabal
@marlisamirabal Ай бұрын
Just research the name Angela Lynn Schilling. You’d find necessary details to work with a correspondence to set up an appointment.
@Cammimullens
@Cammimullens Ай бұрын
I searched for her full name online, found her page, and sent an email to schedule a meeting. Hopefully, she responds soon. Thank you
@jasol9245
@jasol9245 11 ай бұрын
Possibly one of the best personal finance classics you can buy. Simple doesn't break - the wisdom in this book is practical and ageless. Great pick Tae!
@h.a.s.7336
@h.a.s.7336 11 ай бұрын
Ecclesiastes 9:11 11 I have seen something else under the sun: The race is not to the swift or the battle to the strong, nor does food come to the wise or wealth to the brilliant or favor to the learned; but time and chance happen to them all.
@MrEOM41
@MrEOM41 Күн бұрын
My favorite book on finances
@DrProgNerd
@DrProgNerd 11 ай бұрын
I've read this book several times and I'm sure I will read it again. When my son started earning an allowance, I had him read it. He's 19 now and has a significant start on a down payment for a house. The Richest Man in Babylon is a classic - and should be required reading for anyone starting their financial/investment journey.
@andersontiban3444
@andersontiban3444 11 ай бұрын
Awesome
@sunnynguyen24
@sunnynguyen24 10 ай бұрын
how is he doing today?
@lucygrech3688
@lucygrech3688 5 ай бұрын
Matthew 6 33 But seek first the kingdom of God and His righteousness, and all these things shall be added to you.
@santaniebrown3721
@santaniebrown3721 Ай бұрын
I just finished reading this book and I can honestly say it will CHANGE my life and the view I will treat money going forward.
@jon34153
@jon34153 10 ай бұрын
I really love how your so candid with self deprecating humor. It's a great sign of maturity that you have the ability to look back and laugh at the silly mistakes. You're the man, Tae!
@Sar0
@Sar0 11 ай бұрын
I love this classic. This will be the first book on finance my children will read soon as they turn 10
@amarfranx5766
@amarfranx5766 11 ай бұрын
Great book, there is a free audiobook version of this book on KZfaq. I myself listen to this classic at least once a year.
@RespectfullyCurious
@RespectfullyCurious 11 ай бұрын
I think this is the best personal finance book because it's easy to read and the wisdom is simple to grasp for most people.
@davidclaro152
@davidclaro152 4 ай бұрын
Highly recommended reading! I’m fairly new to your channel, but thanks for sharing your videos, along with thoughts, experiences, and advice. I’m almost 53 and I know I’m one step, one day closer to a bear stressless living. I know I’m blessed every day. Thanks!
@AlexTheULF
@AlexTheULF 11 ай бұрын
This book has changed my life. Not only does it have great advice but it has actionable steps to do in order to gain wealth.
@colbygavigan3070
@colbygavigan3070 10 ай бұрын
Great recap of my favorite personal finance book. What I took from the book; if you have time on your side, keep it simple and everything should workout in your favor
@dylananderson7658
@dylananderson7658 11 ай бұрын
FT consistently has good karma as well as safe, sound guidance in each episode. I dig it.
@coreyjordan2745
@coreyjordan2745 11 ай бұрын
I like this book review. The ultimate way to learn about wealth building. Keep doing it. Thank you!
@jayangli
@jayangli 11 ай бұрын
A small book and had for years.always good to refer back to. Been reading it for many years. Like anything it's easy to read just not easy to do..
@chiefenumclaw7960
@chiefenumclaw7960 11 ай бұрын
Great video!
@blackdontcrack6663
@blackdontcrack6663 11 ай бұрын
One of my favorite books
@AlluresofZion
@AlluresofZion 3 ай бұрын
Thanks for this!
@avinashramtahal9721
@avinashramtahal9721 11 ай бұрын
Thank you
@me0101001000
@me0101001000 11 ай бұрын
My experiences so far: 01 - sometimes this can be challenging, mostly because I'm not always sure where to look. But I do like looking for opportunities where I can, particularly in exploring new ideas. 02 - I'm all about self-investment. I strive to always learn new things, try new things, and improve everyday. It's why I'm doing a PhD. 03 - I follow a system called "Ready Fire Aim". Ready Aim Fire doesn't work for me, because I get stuck at aiming. And it's not like I can only shoot once. 04 - I always seek advice from people I know are experienced and accomplished. Not hard to find in academia, particularly in a prestigious university. 05 - I'm still honing this one. I have a lot of time though, so no rush on this one. 06 - I always pay myself first, no matter the circumstance. 07 - Minimalism helps with keeping needs low. 08 - I'm fairly risk-averse when it comes to money, so this is right up my alley. 09 - Same with the aversion to risk, I play it safe with security as well. 10 - Enjoying life in grad school is admittedly a bit difficult. But I'm doing my best. Cheers, Tae!
@gm2407
@gm2407 9 ай бұрын
So you start running and change direction on the fly when you realise your priorities need to change.
@najibihsine1723
@najibihsine1723 4 ай бұрын
Thank you very much for the insights it was really delightful and interesting work
@fitforfreelance
@fitforfreelance 11 ай бұрын
Thanks for this summary! Totally disagree with the fitness miscommunication though. Keep investing in yourself!
@jackie812001
@jackie812001 11 ай бұрын
One of my favorite book
@raosiddharth4726
@raosiddharth4726 11 ай бұрын
Discuss more in depth personal finance concepts which are more quantitative and give real life solutions. Great upload again.
@MrJeffgonz
@MrJeffgonz 11 ай бұрын
Great book 💯
@andybatista412
@andybatista412 9 ай бұрын
Great video. I've been listening to the audio book over and over again and it's great to hear an overview on it from someone else. I've been putting away atleast 10% of my income but I have no idea how to invest it to make it reproduce. After this book I feel like I have to do serious research before I invest. I don't want to lose my earnings
@TheSilvertrigger
@TheSilvertrigger 7 ай бұрын
This is my favorite finance book 📙
@colbyscheeze23
@colbyscheeze23 2 ай бұрын
Great summary!
@peterl2767
@peterl2767 11 ай бұрын
Great job 👏 👍 👌
@davidbrooks8809
@davidbrooks8809 6 ай бұрын
Great Information
@srourfamily
@srourfamily 9 ай бұрын
Awesome it is easy pay first and reduce dumb "car expenses" i invest in houses and invest 7% every month in stocks great videos good work action ( avoid risky investments slow and steady) also i just invested in Amazon in 2 % stock!!
@alwaysforward28
@alwaysforward28 11 ай бұрын
would you mind making a playlist of your book reviews and recommendations?
@Mark_Trail
@Mark_Trail 11 ай бұрын
Can you recommend some financial books to avoid with "bad" advice? Would love a review on Rich Dad Poor Dad.
@putluvNthewrld
@putluvNthewrld 10 ай бұрын
I was struck with schizophrenia when i was 14 in a family that literally never cared if i lived or died. I was psychotic for 50 years but miraculously healed when someone prayed for me in 2017. After 6 years of confusion and anger i think I'm finally " normal," and I would like to get rich, but let's face it at 71, I'll never live long enough to do it. That pisses me off !
@hadrianaugustus5712
@hadrianaugustus5712 7 күн бұрын
You could live to be 100, is 30 years not enough?
@putluvNthewrld
@putluvNthewrld 5 күн бұрын
@hadrianaugustus5712 Hey buddy, I don't have a secret recipe for fried chicken , some chance of financial success when starting out after 65 is unheard of. There isn't a door on this planet I could knock on, and someone would say , " Hi, how are you?" There isn't one phone number I can call, and someone will answer with, " Hello Daniel." I am alone in this world after being alone since the 1960s. I'm living in a third-world country where I don't know what anyone's saying, in a one room apartment. It'd be difficult for me to return to the US, and if I could, I don't have enough money to live there. Since you know how I can make an enjoyable life on this earth, in this situation, please explain the plan to me.
@richarddixon3081
@richarddixon3081 11 ай бұрын
Biggest thing Tae Kim said: “don’t obsess over money but also don’t hide from it”
@stratos9212
@stratos9212 11 ай бұрын
First video I saw from you. Congratulations. And you got a new subscriber
@sambitdatta1104
@sambitdatta1104 5 ай бұрын
please share 1 page PDF for this video too like other ones if possible
@willyoung2347
@willyoung2347 11 ай бұрын
So funny I was telling a young man today that he needs to read this book,
@christinab9133
@christinab9133 11 ай бұрын
❤❤❤
@1740134830
@1740134830 9 ай бұрын
7:35 You owe me an "F" on the banner "Index Funds", AWESOME VIDEO
@pramitd7761
@pramitd7761 6 ай бұрын
The 10th point contradicts all the other 9 points. I am confused.
@Mark5ive5
@Mark5ive5 7 ай бұрын
I think a better metaphor is watching a tree grow. It takes a long time but if you check on it every few years you will see growth.
@gm2407
@gm2407 9 ай бұрын
The funniest part of the book is the jarring section where the writer has to make a character foresee that life insurance should exist as a necessity for wealth in the future. Otherwise it is really engaging.
@colby6512
@colby6512 18 күн бұрын
Alright book. Good beginner book high schoolers working their first job should read. My biggest take away being pay yourself, every time your paid vs everytime you pay for something, your also paying a company…. Like I’m not just buying Taco Bell, I’m paying Taco Bell, do I really want to pay Taco Bell vs pay myself 😆 that said! Obviously enjoy your money too
@YouilAushana
@YouilAushana 11 ай бұрын
"Nowadays it pays to be a hustler and a player."
@7SideWays
@7SideWays 4 ай бұрын
Too many slaves, too, but great lessons I agree👍
@Shellbee22
@Shellbee22 3 ай бұрын
Private Disability Policy…you missed that one 😉
@spiritualphysics
@spiritualphysics 11 ай бұрын
Inspired by The Richest Man In Babylon & Jesus Parable of the Talents I shoulda sought more but I buried my head up my assets Sitting on my money when bees be hustling for that honey It ain't funny. All the plantating makes me sore, like my back for sure when the billwhip cracks a little more... Don't lay Ur money in store, roust it about put it to work Make it make money multiply, don't be a broke joke jerk. Keep 10% what U earn. Invest in gnohow that's wise Make it make money multiply all the days of Ur lives. Budget emotional desire. Educate urself higher. Guard future against costs. Live for gain and not loss. Tossed Ur salad days of youth. Don't even sweat it. Start today w/ what U have you won't live to regret it. Bet it makes a difference, syke, gamblings for suckers. Live Ur life w/ balance. Make the most of Ur God given talents....
@rshe11boy2
@rshe11boy2 11 ай бұрын
aaaaaaaaaaaaaa mazing
@nin1269
@nin1269 9 ай бұрын
7:35 typo *F*und
@williscox6025
@williscox6025 10 ай бұрын
I thought it was a really ancient story just as old or older than the Bible.
@user-et4eg5xl5k
@user-et4eg5xl5k 2 ай бұрын
Vm
@MeltingRubberZ28
@MeltingRubberZ28 11 ай бұрын
Hold up, you're physique isn't similar to Arnold's? You had me fooled...
@chucalissa9231
@chucalissa9231 7 ай бұрын
Why is that people like me middle class making less then 50 k a year ,Are never the group the KZfaqr is talking too ?
@lindajakuboski4527
@lindajakuboski4527 2 ай бұрын
Money does not bring happiness and contentment. I know of two couples who.r well off financially and r miserable. When u put money before family and relationships it's called obsession and that's not healthy. They r never happy with what they have. It's always more, more, more. Also they r narcissists.
@TomekSw
@TomekSw 5 ай бұрын
Please don't put sound effects in your videos, some people don't watch, only listen. 😊
@BrokeAgain
@BrokeAgain 11 ай бұрын
seems like youtubers are recycling subjects over and over
@florence4845
@florence4845 11 ай бұрын
Talking too fast! I am outta here...
@joshjosh575
@joshjosh575 11 ай бұрын
Can you explain how your saving money living with your wife’s boyfriend? I know that method was in your method of wealth building, but how does it work? Do you make the sandwiches for them when they finish? And you clean up the mess? It wasn’t clear from your last video. Thanks man, keep up the content
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