before we get into the video i have a
huge announcement to make
finally it is ready you guys have been
asking for this for over a year
and now it is ready we all know that
it's impossible to achieve financial
independence
without learning how to invest that's
why here on this channel
we've made for you a ton of investing
videos but
for many of you that's not enough you
need a simple
step-by-step guide you need someone who
is experienced in the stock market
to check your hands and show you how
everything works from
how to read financial statements to
different investing strategies
which is what this course is about i
have taken everything you need to know
together with my 8 years experience in
the stock market
and turned it into a simple
straightforward
animated course at the end of the course
there is going to be an assignment that
you have to complete
which i will personally check and
provide you with feedback
the first thousand of you who are going
to click on the link in the description
will get two weeks of skillshare premium
and will be able to watch the course
for free yes you heard that right
you have the chance to get the course
for free
don't miss it and now let's get back to
the video
in 2017 the top eight richest men became
wealthier than half of the world's
population
imagine eight people having more wealth
than almost 4
billion people that's a whole different
level of inequality
and this year that inequality got worse
the number of billionaires and forbes
35th annual list of world's wealthiest
exploded
to 2755 660
more than a year ago altogether they are
worth
13.1 trillion dollars up from
8 trillion on the 2020 list
2755 people have unequal wealth
as the entire gdp of china the most
populated country in the world
and world's second largest economy most
of the wealth is now
tied in the hands of a few people and
that's not by accident
most people are not financially literate
since that's not something
we're taught at school or by our parents
we're just
expected to be good with money just like
that
i know that it sounds silly but that's
why most of us are doing so terrible
financially
that's why most of the wealth is tied up
in the hands of a few individuals
so here in this video we are going to do
something to fix that
we are going to take a look at money
lessons that people learn too late in
life
we're not talking about basic concepts
such as
inflation or compound interest we'll dig
a bit deeper and find out lessons
that if you learned earlier in life
you're probably going to be on the right
side of the world
on the wealthier side so if you're ready
give this video a thumbs up and make
sure to check out our second channel
called
bloom where we also post videos about
investing and money
but also about other things that you
will find interesting
if you enjoy this channel you will
definitely find our second channel
interesting
so go ahead and subscribe and now let's
get back to the video
number one be an outlier when i got into
investing for the first time
i started with trading i would use all
my knowledge to analyze a certain
company
and i remember i invested 300 into that
company
all the money that i barely saved in the
last few months
imagine how nervous i was right after i
purchased the stock
the price started falling and i got even
more nervous
i was looking at the screen and counting
every dollar that i was losing
but i decided to hold at least for
another day
the next day the price fell by 20 so i
got out
and made a loss i lost pennies back then
but even 50 dollars was a lot of money
to me back then
but i decided not to give up and gave it
another shot
unfortunately i lost a gain that's when
i thought that investing isn't for me
that's what happens to a lot of people
including myself
you try something once and compare
yourself to others who are much more
successful in this
and you say maybe this is not for me
maybe i should try something else
but the reality is you can literally be
good at anything as long as you practice
it enough
in fact that's how the idea of the 10
000
hour rule has emerged if you put 10 000
hours into anything you're guaranteed to
be good at that
and i can say that from my experience
because after
many years of investing and learning i
began to understand the market
and started making much better investing
decisions
and that's what people don't realize
early in life they jump from one thing
to another
thinking that's not for them they're not
good enough and perform
poorly financially when in reality all
they had to do
is to stick to one thing long enough to
become financially successful
number two wealth can be created out of
nothing
when you grow up in a poor family you
live in a world of scarcity and
limitations
there is only so much of everything
including wealth
if i am going to be rich then someone
else should be poor
we are poor because other people have
more than they should have
and that mindset literally push you to
fight for what's already there
instead of creating what isn't there
most of the world's richest people
became so wealthy
by not competing in the same traditional
industries
but went on to create new industries
that weren't there in the first place
elon musk is probably the best example
who literally
invented an entirely new industry called
aerospace or
electric cars in fact all the companies
he started
paypal the boring company spacex tesla
neurolink
are all about creating something new
solving a problem
that isn't solved yet that's why his net
worth is around 150 billion dollars
it's not just about him every successful
business is about innovating something
new from
airbnb to uber even smaller companies
like
robin hood or even angry birds they
added value to the world in different
ways
they didn't take anything from anyone
they just made the world a better place
and got rewarded for that so stop
thinking that you are poor because
someone else is rich and start thinking
about
how you can add value to the world
number three the paradox of choice if
you're like me
then you hate going to restaurants
because every time i go to a restaurant
i would take a look at the menu and i
would get frustrated by the number of
choices they have
i would end up spending more time
choosing what to order
instead of actually eating i've already
spent the entire day
taking decisions and i came to a
restaurant to enjoy and not paralyze my
brain again
and that's known as the paradox of
choice having a lot of choices might
seem great
but it has its disadvantages as well in
fact it's actually one of the main
reasons why a lot of people can't excel
at what they do
and achieve some level of financial
success take an example of investing
the market is filled with opportunities
from tech stocks to biotech companies to
cryptos
to other financial instruments but
because there is so many of them
you can choose to stick to one of them
as soon as you get deeper into one of
them
another one hits the news and before you
even understand what's going
on there cryptos are all over the news
so you end up just following the news
without actually taking action
on any of them a lot of people criticize
warren buffett for not investing
in tech companies early on or avoiding
bitcoin
saying that he's an old man who's not
catching up with the world
but that's not the case he knows that
there are so many
opportunities but he also understands
the paradox of choice
the sheer amount of choices will get him
to nowhere so he's just
focused on one sector on a sector that
he excels
that's why his net worth is over a
hundred billion dollars
well those who criticize him don't even
have one percent of his net worth
eliminate your choices as much as you
can especially when it comes to your
personal life
i know people who would wake up and
spend 20 minutes thinking about
what to have at breakfast and then
another 20 minutes
what to watch on youtube while having
the breakfast
i don't want to waste so much time and
willpower and stuff
that doesn't matter so i have the same
breakfast every morning
and i choose from three sets of clothes
every single day
and i spend my time doing stuff that
actually matters
and makes me happy number four
everyone is afraid a lot of people tell
me your videos are awesome you're so
good
i wish i could be making videos like you
only if i was as good as you
i would start a channel as well if i
wasn't afraid
do you really think that i was this good
when i started
of course not in fact i was afraid to be
judged
just go back and watch my first videos
the animations on my videos were
absolutely horrible
and my language was terrible putting out
content where you could be
judged by the entire world is something
normal to be afraid of
but that's the difference we're all
talented and full of great ideas
the difference is that some of us
acknowledge that fear
and do it despite the fact that we are
afraid and others
assume that you should do it only when
you're not afraid
the most important lesson i have ever
learned is
do whatever you are afraid of once you
do it a few times
that fear either will go away or you
will learn how to manage it
once you learn how to fight your fears
you will start that business you will
start investing you will start growing
and you will never be in that desperate
financial position again
number five don't work hard for money if
you're like most people
you grew up being programmed that you
have to work hard for money
but working hard alone will never make
you rich
how do we know that take a look at the
real world
there are millions no make that billions
of people who slave away
working their tails off all day even all
night long
are they all rich no are most of them
rich
no are a lot of them rich no most of
them are broke or
close to it on the other hand whom do
you see
laughing around the country clubs of the
world who spends their afternoons
playing golf
tennis or sailing who spends their days
shopping and their weeks vacationing
rich people people who do not work hard
but let their money
work hard for them that's how you become
financially independent
yes you do have to work hard for your
money for some people
this is temporary but for most people it
is permanent
so the goal should always be in your
mind that you're going to make and save
enough money
that will keep earning your money while
you're playing golf
if you have enjoyed this video you will
most definitely enjoy this custom
playlist that i have created
specifically for you
that could potentially change your life
and now it's time to give this video a
thumbs up that it deserves
and make sure to subscribe and turn on
your notifications don't forget to check
out our second channel
thanks for watching and i will see you
in the next one
you