10 Crucial Personal Finance Lessons That Transformed My Life

I go over the best lessons, or the greatest hits of personal finance lessons that not only changed my life - but can change yours too! Understand and implement these and you be a lot richer, and financially free.

FREE STOCKS:

RESOURCES:

MY SOCIALS:

WHO AM I?
Hello 👋 I’m Humphrey, I used to be a financial advisor, worked in gaming/tech, and started my own eCommerce business. I make practical, rational content on investing, personal finance, the news, and much more with a data-backed approach. My goal is to help you with financial literacy and creating wealth.

PS: I am no longer a current Financial Advisor, any investment commentary are my opinions only. Some of the links in this description are affiliate links that I do receive a commission for & they help support the channel!

⏱️ Timestamps:
0:00 - Start Here
0:11 - Lesson 1
2:04 - Lesson 2
4:13 - Lesson 3
5:24 - Lesson 4
6:22 - Lesson 5
8:17 - Lesson 6
9:50 - Lesson 7
11:24 - Lesson 8
12:31 - Lesson 9
13:39 - Lesson 10

[RaymondKeen.]

Managing money is different from accumulating wealth, and the lack of investment education in schools may explain why people struggle to maintain their financial gains. The examples you provided are relevant, and I personally benefited from the market crisis, as I embrace challenging times while others tend to avoid them. Well, at least my advisor does too, jokingly.

[LarsBergstrom-uheu]

It's sad how difficult things have become in this recessive economy. I was wondering how to utilize some money I had. I used some of it for e-commerce business, but that sank. I'm thinking of how to protect my $150K-worth stock portfolio from decline, but haven't figured which way to go.

[Suntz_u]

One lesson I've learned from millionaires is to always put your money to work, no matter how small. Even investing $100 per month can compound to tremendous wealth over decades. The key is to keep going!

[JilldaBaby]

AI stocks are set to dominate 2024. I prefer NVIDIA because they're well-positioned for long-term growth and support other AI companies. I know someone who made over 200% with NVIDIA. I'll also consider the other recommendations you made.

[DennisJack-kmho]

Excellent Video, ever since reading about people making up to $200K or more over this time, I've been intrigued in investing. Thank you for the video, but is it really feasible for a regular investor to accomplish this in a matter of months?

[trazzpalmer]

Acquiring stocks could appear simple, but choosing the right stock without a tested plan can be very difficult. My main barrier to growing my $210K portfolio, which I've been working on for a while, is the absence of well-defined entry and exit plans. Any guidance on this would be highly valued.

[DonaldMark-nese]

Transfer of wealth usually occur during market crash, so the more stocks drop, the more I buy, in the meanwhile I'm just focused on making better investments and earning more as recession fear increases, apparently there are strategies to 3x gains in this present market cos I read of someone that pulled a profit of $350k within 6months, and it would really help if you could make a video covering these strategies.

[blaquopaque]

Rule 8 indicates you don't need a high IQ to be a good investor, just 2 qualities, self discipline and a lot of patience. Investing is mostly about behavioral psychology. How can I generate more income to retire with at least $3m for long term care?

[aaronfyler]

I just got laid off from my job today. THANK YOU Humphrey for teaching me about savings. because of your savings and investment advice, It’s a good feeling to have to only worry about your ego being damaged and not having your financial health being immediately impacted.

[angeladeem]

It's a common misconception that when a stock you buy skyrockets, the smart thing to do is sell it (or at least sell some of it) to lock in your profits. But the context matters. If the stock has increased sharply because the business is performing exceptionally well, it could still be a bargain. I'm still looking for companies to make additions to my $350K portfolio, to boost performance. Here for ideas...

[Bethel]

*Investors Quick Survey #13:* For your shared investing ideas, what do you think will be the next Apple/Microsoft in terms of growth?

[MyNameIsJeff]

"Comparison is the thief of joy" -Theodore Roosevelt
Don't compare yourself to others, just compare yourself to where you started and track your journey.

[albertofoti]

I literally follow the 3x rule.
If I want to splurge 500 euro over something, I just put 3x = 1500 euro in my investments.
That's the rule I follow, in order to reduce my tendency to never spend (yes, there is also this problem ahaha)

[rudyardganuelas]

It’s wild how many people can “afford” luxury cars but can’t afford matching tires

[SteveYoung]

I agree that tracking expenses and net worth is super important. And if we're being honest, chasing that dopamine hit when you see the net worth numbers go up is super gratifying.

[ulloaleticia]

I absolutely love your videos!!! Thank you for sharing your personal money lessons with us!

[mandyyonge]

As an lnvesting enthusiast, I often wonder how top level investors are able to become millionaires off investing. . I’ve been sitting on over $545K equity from a home sale and I’m not sure where to go from here, is it a good time to buy into stocks or do I wait for another opportunity?.

[TubeDeviant]

Thanks for the much needed reminders covering a wide spectrum of information.. =)

[anderarias]

What a nice and useful video. I fully agree with all the advices, especially the one about stopping comparing ourselves to others.

[MsAmazon]

This video is very useful and helpful. Thank you!