The 20 Rules of Money

If you want to win at the game of entrepreneurship, you have to know these 20 rules of money.
Here's how to play to win the money game.

Start - 0:00

#1: It's a Game - 1:03

#2: Don't Be a Hater of Money - 1:51

#3: It's a Doubles Game - 2:43

#4: Seduction - 4:37

#5: Timing - 5:45

#6: Boredom - 6:56

#7: Secret Account - 7:36

#8: Don't Fly First Class - 8:39

#9: Comp Plan - 9:46

#10: End of the World Mentality - 11:09

#11: Study Your Politicians - 13:22

#12: Study Smart Investors - 13:57

#13: Play Your Game - 14:34

#14: Index - 15:47

#15: Befriend Money Makers - 16:32

#16: Diversification is for Sissies - 17:40

#17: Leverage - 19:01

#18: Positioning - 19:41

#19: Strategic Partnerships - 20:35

#20: Big Check Syndrome - 21:16

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[donaldwayne]

As an enthusiastic investor, I often consider the strategies and pathways that enable successful investors to accumulate wealth in the millions. While I have a substantial initial capital, I am unsure about the specific tactics or avenues that would enable me to achieve gains surpassing $400k, akin to those achieved by several others recently.

[NicholasBall]

One lesson I've learnt from billionaires is to always put your money to work, and diversifying your investments. I'm planning to invest about $30k of my savings in stocks this year, and I hope I make profits.

[PremlalSaket-ffgi]

How is it that hidden money manifestation on Shirlest isn’t more talked about? This approach has completely shifted my relationship with money for the better.

[joven_cristiano]

Borlest contains all the secrets of forbidden money books they changed my life.

[jameswood]

I began my investment journey at the age of 33, primarily through hard work and dedication. Now at the age of 38, I am thrilled to share that my passive income exceeded $5k in a single month for the first time. This success reinforces the importance of the advice mentioned earlier. It is not about achieving quick wealth, but rather ensuring long-term financial prosperity.

[eliseduffyfxx]

I've been working hard to achieve early retirement and financial freedom via saving, investing, and working. But since the pandemic, the economy has declined, severely weakening my portfolio. Now, my query is: In current erratic markets, should I keep adding to my portfolio, or should I look into other industries?

[HeshamMuffini]

the book that changed my approach to money is 25 Money Secrets From Donald Trump. it’s completely different from anything I’ve read so far

[AllenNichol]

Building wealth from nothing involves consistent saving, disciplined spending, and strategic investments. Begin by creating a budget to track expenses and identify areas for savings. Prioritize paying off high-interest debt and establishing an emergency fund. As you build a foundation, start investing in low-cost options like index funds, and focus on continuous learning and improving your skills for better income opportunities.

[CrystalJoy-]

Net worth truly snowballs after $100k! Keep investing regularly and you'll be blown away how much it can change in a few short years. Here's to $1 million and to FIRE!

[alexyoung]

Currently I'm just being smart and frugal with my money, I'm in the green 47% over the last 23 months and l've accumulated over $700K in pure profits from DCA’ing into stocks, ETFs, dividends and futures. However I’ve been in the red for a month now. I work hard for my money, so investing is making me a nervous sad wreck. I don’t know if I should sell everything, sit and just wait.

[williamyejun]

"It all comes down to interest rates. As an investor, all you're doing is putting up a lump-sump payment for a future cash flow."

[mathewcarter]

As a major exporting country, we entered a recession as a result of the global economic downturn. You need to be able to examine everything you've done in the past when there is a recession. Yet I'm glad I secured profits.

[KimberlyWillowWood]

I am new to the stock market. Every stock that I bought so far, I was out of luck because I bought them when they were expensive. I feel I missed out on all the stock opportunities so far for the tech stocks.I believe having 150K yearly income would be a good investment so I want to plug all my savings into the stock market. I know this sounds a bit dull but I would like to know if I should learn investing or let somebody else (more capable like a FA) do it for me? Please share your thoughts. I am kind of tired of searching for a good stock to buy and losing all the good opportunities

[CharlesBWillz]

I'm in complete awe at how I went from living an average life to making over 63k per month. It's amazing. The financial markets are full with opportunities, but I've learned a lot over the past few years to doubt that. The key is knowing where to focus. Well appreciated, Rodger Michael Karl.

[bobbymainz]

Warren Buffett invent the strategy of buying/investing when the market is low and also buying/investing when the market is high? As Warren Buffet said, he has seen this happen many times in his life. Not an investor. My husband and i never earned more than a middle class salary. We plan to get retired at 58 with a stock portfolio worth $4M. We have never sold so much as one share of stock...

[JenniferDavis]

Great Video. I'm a 52-year-old QA Specialist at Confluera, with an annual income of $150, 000. Although I do have a retirement account, I'm keen on exploring short-term investment opportunities as I prepare to shift to part-time work in the near future. What would be the most suitable strategy to achieve my goals?

[antonnohr]

Great video ! Very educational . I used to believe that everyone loses during a recession, but some make millions. Similarly, I thought everyone went out of business in the Great Depression, but some started new ventures. In short, tough times bring losses for some and profits for others, all rooted in the right mindset. Now, I've saved $220k for the future, even though I'm a complete beginner.

[fredAugustus]

Appreciate your videos! I’m 54 and younger generations should know there’s no shortcut to acquiring wealth, but there are ways to go about it. Fellow millionaires don’t tell the poor/middle class they need the knowledge of finance coaches to help build their wealth. If anyone here needs a good coach, here’s it..

[NetanelColish]

1. It’s a game
2. Don’t be a hater - If you hate money, you’ll never have much
3. It’s a doubles game
4. Seduction - - Money flows to people who need it the least, keep track of it as well
5. Timing
6. Boredom - Make sure money is always moving
7. Always have a secret account - a crisis account
8. Don’t fly first class until you have $10, 000, 000 in your bank account
9. Compensation plan - study how you get taxed
10. End of the world mentality
11. Study your politicians, especially your president - understand their philosophies
12. Study smart investors - but don’t be too religious about them
13. Play your game, don’t compare
14. Index - Be more concerned about beating your goals, rather than the index
15. Befriend money makers - If you’re around people who know how to make a lot of money, you’re gonna make a lot money - Hire slow, fire fast
16. Diversification is for absolute Sissies
17. The game is about leverage
18. Positioning
19. Strategic partnerships - The more people make money, the more people do business with you
20. Big check syndrome - Treat a 100k check as a 8.3k check every month for a year

[BrewerVera]

In 2024, Don't set new year financial goals without consulting a financial adviser. Their expertise ensures a solid plan for success. Building wealth involves developing good habits like regularly putting money away in intervals for solid investments.