23 money lessons that you NEED to know about!

Daniel Crosby’s 23 Money Lessons!

Daniel Crosby’s 23 Money Lessons!

00:00 - Introduction
00:30 - The Joneses aren't as rich or as happy as you think they are
01:55 - The more complicated the investment advice the less useful it is
02:43 - Get rich quick and get poor quick are two sides of the same coin
03:37 - Time is a scarcer resource than money
04:28 - Ask about anything you don't understand
04:54 - A house is a place to live not an investment
05:18 - Admire people who earn more than you, not people who spend more than you do
06:15 - Your ****** ***** is lying to you about how much ****** you can afford
06:58 - Financial success is 5% intelligence and 95% discipline
07:55 - A raise in income shouldn't mean a raise in lifestyle
08:34 - Forecasting is for the weather
10:07 - Fees erode performance
10:47 - Never reach for yield
11:25 - There is an inverse relationship between investment performance and time spent watching the financial news
12:54 - Don't pay interest to acquire something that loses value
13:42 - You don't have to be rich to invest but you do have to invest to be rich
15:15 - Invest in your mind and your skills first
15:54 - Infrequent splurges bring the greatest happiness
17:13 - Your life is a better benchmark than the S&P 500
18:01 - Compound interest is the eighth wonder of the world. Set yourself up to benefit from it not battle against it
19:06 - A penny saved is more than a penny earned
19:37 - If you're excited about an investment, it's probably a bad idea
20:21 - Market corrections come more regularly than birthdays

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