10 Money Rules for Financial Success

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A few years back, I was always in the very frustrating place where bills would constantly pile up and yet I had no money to pay them off (If you have ever been in this situation then you probably that it can be really stressful and hard on you). The good news is that, over time I did manage to prowl my way out of this situation, and you can too. Therefore, in today’s video, I’ll be sharing with you all tips, tricks and strategies that you can use to get out of this situation, and hopefully get ahead in your own personal finances. Stay tuned. Enjoy!

#Finances #Ahead

⏱ Time Stamp:

00:00 Introduction
00:46 Keep track of your spending.
02:00 Make a budget.
02:53 Give yourself a limit on unbudgeted spending.
04:00 Save for big purchases.
05:17 Read books about finance
06:04 Lower your monthly bill.
06:58 Eat at home.
07:35 Pay off your debt.
08:44 Stop using credit cards.
10:07 Continue to spend quickly.

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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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PracticalWisdom

It's quite shocking how few people know about the forbidden book: Making money your reality

Bernando

Invest judiciously, keep a stop loss figure. Shuffle between debt and equity wherever the ratio goes too off your target. As for the target, I recommend a Ratio like this Debt % should be equal to your age in years. If you are 20, debt is 20%, reset in equity. If the market falls or rises drastically, your debt % will change, which you should rebalance to 20% and bring back equity to 80%. Thus you would have bought low or booked profit depending on if it was a crash or a bull run.

Riggsnic_co

I now grasp the concept of leverage. Creating wealth and financial freedom isn't as tough as many people believe. Building wealth and remaining financially stable indefinitely is a lot easier with the appropriate information. Participating in financial programs and products is the only true approach to make a high income and remain affluent indefinitely.

matturner

This is quite educational. It's crucial for newcomers to keep in mind that the financial markets are highly irrational in the short run. You should constantly be ready for the unexpected. That is how chance operates. Because of the inherent risks in the market, I always favor long-term investments.

Raymondjohn

I work and live in Abu Dhabi for 20 years NOW, surprisingly, I never had a CREDIT Card, many banks here in the UAE always OFFERED me a credit card, and I always TURNED them down, I have a philosophy in life, If I cannot AFFORD to pay in cash, it means I cannot afford it, and its works for me.

normanocampo

Everyone reading this, keep on grinding, it is not easy because if it was everyone will have been doing it. It will be hard but keep on you will achieve your goals soon.

Terence.Watkins

Just what I needed to watch.
My wife and I are directors of our farm business and own property, plus small pensions. I am nearly 55, my wife is 52.
We have started to save to retire from the farm, and possibly live on rental income, I'd really appreciate you go LIVE and talk about how to earn passive income online and retire comfortably, let’s say $1M.

Jamespearson

Your channel feels like a virtual hug from a friend. Thank you for creating such a warm and welcoming space! 🤗

betterXdesign

If you wanna be successful, you most take responsibility for your emotions, not place the blame on others. In addition to make you feel more guilty about your faults, pointing the finger at others will only serve to increase your sense of personal accountability. There's always a risk in every investment, yet people still invest and succeed. You must look outward if you wanna be successful in life.

charleskaren

Is now a good time to invest in stocks? I know everyone says stocks are cheap, but how long will it take for us to recover? Obviously, there are strategies to be used in this market, but these strategies are not available to the average person, so am I better off putting my money elsewhere?

stuartjames

Successful people don't become that way overnight. What most people see as a glance of wealth, a great career, and purpose is the result of hard work and hustle over time. I pray that anyone who is reading this will be successful in life, ., .,

Cristian_M_

Real Estate provides cashflow, tax benefits, equity building, competitive risk-adjusted returns, and inflation protection on its own. Whether you invest in physical properties or REITs, real estate may help you diversify your portfolio and reduce volatility. Dividends are what got me into investing in REITs, great way to secure the accumulate wealth, I hold AMT, CCI & PSA. $290k in profits made in 2022.

TeresaBrickle

Thank you for your valuable advices. Worth watching

Intersalescommunicaiton

I used to think every investor went broke during recessions, meanwhile some make millions. I also thought everybody went out of business during the Great Depression, but some went into business. Bottom line, there's always depression for some, and profit for others, it all starts from having the right mindset. That said, I've set asides $250k to invest for future, unfortunately l'm a complete noob.

charliehunnam