How to Win the Game of Money | Strategies for Financial Freedom

How to Win the Game of Money | Strategies for Financial Freedom

20 thoughts on “How to Win the Game of Money | Strategies for Financial Freedom

  1. School and teacher be like: nah! Student don’t need these knowledge even tho they r very important. Instead we will teach them about other useless knowledge

  2. You actually lose more value of your investment in government bonds when the interest rate is increasing. This is how the government, especially the US can have such a big deficit but still be able to operate. When the real interest rate that the government pays you is actually decreased when inflation or interest rate is increased, real interest rate = nominal interest rate – inflation. Especially bonds that are fixed term like 10, 15 or 30 years.

    Corporate bonds are junk bonds not worth the risk. Investment in debt securities such as bonds are a bad investment advise. Also, insurance(annuities) is not an investment. People should never buy any insurance products as investments. It is a scam from the insurance industry. The only passive, long-term investment you should do is equity investment, like index mutual fund, because it has lowest expense ratio (meaning you get more money to reinvest), less turnover (meaning the fund managers do a very minimum trading in the fund, usually once a year, and less taxable transactions generated in your fund).

    I suggest people read books instead of watching a 11minute of video. You will learn more than this.

  3. About the mony you need to gain financially independence: did you forget to add inflation into the equation?

  4. Dude 10,000 at 7% for 65 years is not ~500000 it’s more like ~810000 🤦‍♂️ and your figure stopped watching and will never watch anything you produce if your claiming to educate people on money but can’t work out basic compound interest calculations

  5. Add a public comment…
    Go up one side of the roof and down the other.
    Water the hedges with a watering can.
    Just eat swanson foods.
    Swim at your own risk.
    Don't get married.
    Just go on vacation & have fun.
    You'll never be a millionaire.
    Get over it.

  6. 2:30 please explain your calculation… $10000 invested at 7% on 65 years gives you $812,728, with 2.5% fees, that gives $324,646, does not change the conclusion though.

  7. I would disagree that diversification is part of creating massive wealth. Massive wealth is created by focusing and mastering one specific industry. Buffet mastered value investing to become a billionaire, Tony Robbins mastered motivational speaking, Andrew Carnegie mastered the railroad industry, Bill Gates mastered personal computers, etc. Diversification just gets you a bunch of buckets growing slowly together (which isn't a bad thing if you have a 30-40 year life plan), but don't be confused, the most successful people throughout history mastered one industry.

  8. I feel as though this is very informative, but it was very difficult to understand. Brand New to this.

  9. Start with financial freedom freedom first ,add up your monthly bills, say its $2500 and figure out a way to make $2500 a month not from your job. Once your financially free the pressure comes off as your cash flow pays all expenses. Don't spend less find an investment that will pay for your expenses. If a car costs you $350 A MONTH HOW CAN YOU INVEST TO GET $350 A MONTH. If you break it down this way its not so insurmountable . Hope i added value to someone.

  10. Charlie Munger: Diversification is twaddle!

    I agree that, as a person who doesn't know what they're doing, diversifying is the way to go. But, if you're a professional investor, diversifying just goes to show that you don't know what you're doing.

  11. A question, if an amount of financial security or financial freedom is still below than the annual living expenses and lifestyle expenses, should the rest of the money go into investing?

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