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12 Things poor people don't know about money

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  • ℹ️ Description
In this video, we’ll share with you twelve things poor people don’t know about money. Enjoy!


#Money #wisdom

Timestamp
(00:03) 1. Anybody can have money
(00:57)2. It’s harder to keep money than to make it
(02:02)3. A million dollars a year isn’t a lot of cash
(02:44)4. Ideas are worth nothing without execution
(03:45)5. Make money while you sleep or you’ll never be rich
(04:30)6. You can pay little to no money in tax if you start a business
(05:27)7. Focus on increasing income instead of cutting down costs
(06:08)8. Wealth is acquired with time
(06:57)9. Never borrow money that doesn’t go towards making more money
(08:00)10. You earn in proportion to your ability to use the tools you have at your disposal
(08:46)11. If you associate with poor people you will be poor
(09:23)12. College has nothing to do with making money

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DISCLAIMER: I’m not a financial adviser. These videos are for educational purposes only. No official financial advice is being given. Please always check with a professional before making any investments or financial decisions. Your investments are your sole responsibility, these videos merely share my own opinions with no guarantee of gain or losses.
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💬 Comments on the video
Author

Success is about focusing Your energy on what creates results and using what you already know

Author — Eric Morales

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As an aspiring investor looking at certain index funds, I often wonder how topnotch investors are able to make millions of dollars from investing, yes I do have a substantial amount of capital which is required to make good gains, but still lacking on strategies and guidelines I need to apply to make huge profits.

Author — Elizabeth The 10th

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Reading Dave Ramsey's book, The Total Money Makeover, and listening to his podcast changed my entire mindset about money.

Author — Jermichael Richards

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The main reason one goes to college is for the college's connections and the education is second. A person with 3 - 4 years of experience in the field is more valuable than a degree with no experience.

Author — TheWhiteMamba3000

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i don't know who needs to hear this, you've got to stop saving money.invest some part of it if you really want financial freedom.

Author — Paulina Jordan

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A college education doesn’t make one rich but it’s the door to a well paying job

Author — Gracie Allen

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People who are NOT on your side?? The Bankers, the Casino, College‘s presenting loans, Military, Club owners. You gotta wake up. This world is one giant business. Handle the business first, then deal with the pleasure responsibly.

Author — Jus Rarsh

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Make a million, put it in the stock market. Make 7% a year, lose 2% for inflation. Pull out 50, 000 every year without touching the principal. A million dollars could last you forever in that scenario.

Author — Jonathan Kruse

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Impressive video, I made huge profits in this covid-19 pandemic investing crypto with a professional broker, Mrs Elena Gabriella.

Author — Mavis Scott

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if you started investing in a quality mutual fund, think 12% return, when you turn 18, and invest say $50 per month, by the time you turn 67 (normal retirement age) you will have accrued over $1.7 million. It's not rocket science. The problem is people want gratification now, not later. However, if you can think long term, you will be and can be wealthy.

Author — Freedom Ring

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He misses the point ... there’s something that controls your choices when you are poor. Choices are a symptom

Author — C.S. A

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I beg to differ on one point. One million IS a lot if your house is paid off, and you have no other debts and live in a reasonably priced area.

Author — Anon ymous

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Thank you for uplifting me about "ideas without execution is nothing" it's motivating 😉

Author — icanlearn

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People will be kicking themselves in few weeks if they miss the opportunity to buy and invest in Bitcoin as it's retracing....BE WISE

Author — ariana victoria

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Education is very important what are you saying ? When you mingle with rich they don’t hang out with high school
College and higher degree you have the better Rich hangout with smart people the better college you go to the more changes and opportunities you will acquire

Author — Divine Angelic

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only a small minority of people are capable of coming up with one good idea in their lifetime.

Author — Maria Buckler

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1 thing people teaching others how to get rich don't know about money:
Money represents society's resources, which are finite, so can't everybody be rich. Besides, rich is a relative notion, for someone to be rich, most of the other people must not be rich.

Author — K Marx

Author

1. Anybody can have money
2. It's harder to keep money than to make it
3. A million dollars a year isn't a lot of cash
4. Ideas are worth nothing without execution
5. Make money while you sleep or you'll never be rich
6. You can pay little to no in tax if you start a business
7. Focus on increasing income instead of cutting down costs
8. Wealth is acquired with time
9. Never borrow money that doesn't go towards making more money
10. You earn in proportion to your ability to use the tools you have at your disposal
11. If you associate with poor people you will be poor
12. College has nothing to do with making money

Author — Fe Sa

Author

I know some people who was well to do, but they gave it all away to the dateing app. Romance scammers the parasites

Author — Herman Rogers

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Success is really luck in disguise. No matter how much you think you made your own bones, you lucked out somewhere, somehow. That's why there's rich and poor people. The poor people try different strategies and hard work, but they just haven't got the luck

Author — JIMMY HUES AND THE HOUSEROCKERS