This guy gives away so much information for free, and he's not even trying to sell a class or any of that nonsense. This is probably the only finance channel to which I would refer someone I cared about. A diamond in a ocean of BS. Thanks, Ben Felix.

I used to say my financial advisors are warren buffet à jack bogle. I now can say ben felix is my third personal adivor. Great job ben ☺

I've literally been thinking that question myself since I started watching you

I am comfortably retired and near 75 years old. If I had had the opportunity to listen to Ben starting in my 20's, I would have been MUCH wealthier than I am today. Then again, as Ben notes, I would not have been any happier.

I never comment on videos but just wanted to let you know - your videos are of extreme value!

As a financial advisor myself, Ben Felix's advice is SPOT ON. This video is a perfect demonstration of where paying an advisor for advice, even if you are a DIY "Boggle head," can bring tremendous value.

I have never seen this level of high quality and objective financial advice, that’s also freely available to everyone. Thank you so so much Ben

This study about lottery winners and accident victims beautifully illustrates that happiness is relative and not necessarily tied to financial success.

Not many financial advisors discuss the psychology of money and the implications of human adaptation to change. Great content Ben! Thank you.

Really interesting episode. Thanks Ben. The missing part though is HOW to choose a good advisor. It would have been good if you had gone into issues like whether a financial advisor is a fiduciary or not.

In Indian culture, there is a thing called 'santokh'. Meaning contentment/satisfaction , which is linked to what you describe as 'stopping the goal post from moving'.

Ben, it astonishes me how well you describe my situation. I own around 2,7 mio in index funds and around 2 mio in rented out real estate....and I am still scared of going back into poverty. So I make my wife feel bad for paying 10€ more than I do for groceries, we used to drive a shitty car and now don't have one at all and we both work jobs that we don't really enjoy. Knowing more about index funds (or other investment vehicles) will absolutely not help me live a happier life. Thank you so much for your videos. This one especially made me think about why I am investing in the first place.

Just great content, over and over again. Thank you so much Ben. Best regards from Germany

Congratulations on 200K subscribers! I've been following your channel for a year now. You've taught me so much already but I've never taken a moment to thank you for it (also commenting for the algo's). Thanks a lot Ben, your videos are invaluable. Greetings from the Netherlands.

I have a personal trainer because of the accountability. I don’t want to let him down by not finishing the workout. When I didn’t have one, I would make excuses why I can skip a workout for the day.

The only problem I have with this video is that I can only like it once. Your videos are supremely enlightening, educational, motivational, and......rational. Sorry, couldn't resist. You're looking lean and mean these days!

Absolutely fantastic content. I’ve been watching your videos and they are very practical and straightforward. Thank you Ben! Please don’t get tired of creating content like these.

Loved the discussion of 'Enough' vs chasing 'More'. AWESOME!

Each piece of advice has a right time and a right level of progress to be beneficial.

Your videos have always been great, but the quality continues to improve. Keep up the amazing work, and thank you so much for doing it!

I don't know what I have done good in the world to come across this guy. Thank you Ben for all your hard work. Greetings from Italy

“Who wants to watch a CSI video at 7 in the morning anyway” Me at 7am:

This is one of your very best videos. Financial advisors are as much about philosophical mentorship as it is accounting like thinking. Sent through to some of my friends, definitely worth a share.

Bogle and Felix. The only people I listen to for financial advice.

Fantastic video. So much more insight than I expected from the title. Really brilliant.

Each and every video as well as podcast episode is simply brilliant! Thank you so much for making this Ben 💪

I keep it simple FTSE All-World in combination with Long term AAA treasuries. Both have around 2% dividend.

Excellent video. "Enough" can be surprisingly little. My monthly expenses are well below both the national average income and my income, and there is nothing money can buy that would further increase my happiness. I rent an inexpensive but beautiful apartment in the city I love, work only 35h/week in a fun job, and never have to worry about where the next meal will come from, or how to pay the bills. Quality time with loved ones is limited only by time, not budget. Therefore, my investment goal is simply "just in case". A year's worth of expenses in risk-free liquid assets, plus whatever is left at the end of the month goes into index funds, not expecting to sell any in the next 40 years.

This guy deserves way more subscribers and views than he is getting right now. This stuff is way better than just about every other financial channel out there.

As someone who is just starting out as a professional investment advisor, I can easily say that your channel is by far one of the most valuable resources on the web, not just KZfaq. This video, in particular, has helped so much in figuring out my approach to financial advice, thank you!

I always appreciate your content. Great use of research sources, historical data, and pointing out logical fallacies

I listen to so much Ben Felix that I said “volatile” like a Canadian during a conversation yesterday.

Yes this guy is the real deal, information is succinct and verifiable.

Your best video yet. Thanks again!

pretty much best video i have watched this year, this decade...... Thank you.

He doesn’t post often. But when he does.... Such great advice. No bullshit, no clickbait, just real life, sound advice on wealth creation/management. Keep up the great work Ben.

Such a great video. As a fellow financial planner really enjoyed seeing this topic so well articulated. Great financial advice is about helping someone design the life they want, coaching to keep the plan on track and using expertise to ensure it arrives as fast as possible...not the common perception of picking stocks. Thanks Ben for excellent content! 👍

Excellent video. You continue to put out research-based, honest information. Appreciate you a ton!

Ben, you rock, you totally rock. Thank you. Please continue creating your content in this channel and in your podcast. Your material is really top level stuff. You don’t teach or preach, you just nourish our intellect 🧠📈👍

Another incredible video Ben! Thanks for what you do.

This was very helpful to watch as I start discussions with financial planners. Thank you!

Another excellent video. Your channel has become the best source of investing information on youtube. Thank you!

LOVE THIS! I'm just starting out a new career as a financial coach, and this really is an excellent framing and explanation of what a good coach / advisor does, and it is good for me to have this specific list to inform my practice. Thanks, Ben!

You are clearly the kind of professional who's worth spending money on. If I lived in Canada I would. On top of that you provide what amounts to a top notch financial education (without the math thankfully) for free as a public service. I've learned a lot from you which saved me from incurring needless losses and costs. Thanks a lot man! Of course I like every video and have been subscribed for a long time: more people ought to do so so you'll at least see some material reward for all the work that you do. Imagine if this became the standard for financial advisors: you'd need to need to know psychology, taxes, insurance, math and financial economics on top of mere knowledge of investment products. That is a tall order indeed. For some reason I doubt there are many such professionals to be found in the financial industry. I'd say there's a huge difference between a genuine financial advisor and a salesperson in finance pitching all kinds of crap to the detriment of their clients. Clearly DIY investing is the only sensible option unless you have access to real and ethical professionals like Ben and enough money to make it worth your while. Jack Bogle made index investing possible. Ben Felix provides the ironclad case for why the retail investor should stick to index funds/broad passive ETF's and how to build a good portfolio tailored to one's unique situation. Of course you rely on the body of research that is available (which in itself is rare enough since most financial youtubers seem to be spouting their personal opinions without actual knowledge to back it up) but you have a great talent for making such specialized, complex knowledge accessible to the average investor who's not trained in business, finance or economics. Imo this is the single best financial channel on YT. Hands down.

This video is so good. Balanced, informative and well structured.

Keep it up with these videos, Ben. They’ve helped me understand and take control of my personal finance and wealth building. Can’t thank you enough.

One of your best videos in a while. Which is saying a lot cuz they’re all great.

Wow - I'm just starting to get interested in finally taking care of my small pocket of funds/finances after a long period of having my head stuck in the sand. I really appreciate this video and I hope to enjoy reading some of the books you've mentioned. Thanks so much for making this content, Ben Felix!

I am one of your fans, and this video answers a question I asked myself for a while. Brilliant, thanks.

Another fantastic video Ben. I did wonder this at some point. On another note I will be releasing out chat soon.

Ben, from a young finance student I can't thank you enough for all the information you have put in your KZfaq videos and in your podcast! such a big fan of all your content!

The inside view reminds me of Buffett describing how Charles Darwin any time he came across something that ran counter to his existing views wrote it down because he knew the mind had a natural tendency to suppress the information otherwise. Awesome video as always. When I was tasked with finding training materials for a fledgling support team at a FinTech startup Ben Felix was on the short list.

Awesome advice, as always!!! Thank you!!!

Just watched this episode again. So much great information, which sounds like common sense when you hear it, but that's what Ben does.

Absolutely fantastic video. I have met so many financial advisors over the years who all started with the investments. No one mentioned goals! This is the first time I have heard how financial advice should be delivered and how it adds value. Thankfully I stayed clear of those advisors, documented my own goals and plan, and got on with it myself. However, I can attest that it is time consuming and it is difficult to get out of the 'inside view'. Doing it alone takes significant commitment and awareness of your own biases.

Thank you Ben! Great advice content as always 💪

Excellent video, as always! Thank you.

Congrats on 200 000 subs Ben! I hope all is well with your friends and family.

Thanks Ben! I had not thought about life or disability insurance at all!

Thanks for the advice Ben! Really appreciate your content, keep it up!

Thanks for this Ben Felix !

Wow, thank you very much for this video.

you are phenomenal! very well articulated indeed 👏

This video is incredible. I wish more people understood this

Awesome episode! I'll share it with a few friends and family for sure!

I recommend your channel to everyone who is ready to learn finances

Great video as always.

Man this guy puts out the best info 📈 great video

Hi Ben, we need more videos. Hope all is great with you and your family :) Cheers, Plamen

Great video as always Ben.

5:02 Thank you, I needed to hear that.

I will forever appreciate you Ben Felix. You’ve helped my family a lot, since the pandemic till now your advice and lessons are inspirational and helpful to us. My Wife and I have been able to be minimal, conscious in spending, saving and investing wisely. We have been able to earn on a weekly basis and it helps the family a lot. You’re such a blessing to this generation. We all Love ❤️

Great content as always Ben. Having been on a journey to understanding my finances over the last year, your insights along with a healthy dose from Jack Bogle has forever changed my formation behind the "why" we invest. Keep up the great work!

Thank you for what you do!!

Man, that was the perfect video for what i'm going through now. After 20 years of financial catch up and obsessing about it i'm well over where I need to be in terms of my own financial goals, but still obsess about it to no end. I've been recently trying to figure out ways to tone it down but its hard. This really helped.

Basically the best investment videos on KZfaq. Terrific.

Very good question and very good answer! I opt for self-investing but now I understand better why it's not the best choice for most people

His expert knowledge is limitless and extremely useful

Fantastic video, probably the only video I've seen on how a financial advisor should be that's really excellent, thank you I've shared it with a bunch of people.

Have watched every episode of CSI and this is the best one yet! 👍👍

I admire the financial independence of people, But you can live better if you work a little more. After watching this I think there are people out there, on the extreme, who plan to die early just to be able to retire early. To each their own but to me, retirement isn't just about not having to work, it's about having the freedom to do whatever you might reasonably want, such as travel, buying things, enjoying life, etc. I don't think I could retire with less than $3m in income-generating investments, maybe $2m at the very minimum. I plan to work until I'm at least 45

I don't know if I can wait 3-4 weeks until the next Ben Felix video

This is a gem. After a month of reading other sound sources financial literature and re-watching this video, I find that it still nails every relevant point. Keep pressing on Ben. We appreciate your thoughts, presentation style and views.

A holistic approach, like for any decision to be made on earth. This got me thinking what we exist for. Great video, thanks Ben.

Including relevant RR episodes is very helpful! Please continue doing it, if feasible.

This was Dynamite advice!!

I know this one even before I watch the video! Okay, so, good financial advice is advice where the advisor uses a lot of absolute confidence statements and makes a lot of guarantees, and where he says things that confirm what I already believe, and where he does not inform me about things I don’t already believe, which are things I would otherwise just ignore anyway, so that my current beliefs are strongly reinforced. Also, the advisor should rely on stories, witness testimony and anecdotes, but never on data. Okay now I’m going to watch the video and see if I’m on the right track!

Thank you for sharing your wealth of knowledge 🙏

Fantastic video as always. There's a lot to think about regarding investing, asset allocation, taxes, goal setting so I can see how a sensible financial advisor could be of great value

Thank you Benny, always great information 🙏🏼🙏🏼🏀

Solid advice!!! By far my favorite finance channel. Thank You and more content please. 👍 Your honesty would make me consider going to you for advice.

This was a very helpful video - especially breaking down the 5 advice categories. Thank you.

Man, thank you so much this is so important. My head was spinning with all the investing possibilities while ignoring the most important question of goal formation.

Incredible videos. Cheers Ben !

Great video Ben that takes a step back and look at the larger picture. I've been debating on a career change in my 40s and had contemplated a shift to being a CFP, and knew that selling mutual funds in the big 5 was definitely not a direction I want to go. This notion of blending psychology and a financial "life coach" - both interests of mine - speaks much more to me now then telling people what ETFs to invest in. It's given me considerable food for thought, so thank you for the timely video.

Ben is an absolute beast

Your knowledge in this topic is amazing. I think people would love a course about portfolio management.

This is just GREAT

So lucky to have found this channel. Love from India.

Excellent!