💰 How is Wealth Created | Savings and Investments

How is wealth created? Saving and investing is the key to personal wealth as well as the economic growth.
Learn Austrian Economics in a fun way!

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#Economics #Capitalism #Finance
#EconClips

[danedu]

One of the best videos I ever seen about money.

[NazxXx]

Money speaks only one language: “If you save me today, I will save you tomorrow”

[JohnnyFD]

"wealth is created through self sacrifice and taking risks." - This is great!

[evydcft]

Very good informational video.. lessons like this would be so beneficial in schools to advise youngsters the way of money and stop so many falling into financial traps.

[nev]

I multiplied my efforts in business by franchising my business 15yrs ago. Been good times since because low overheads, no staff, no suppliers, huge line of patented intellectual property. Product is legal requirement so no end to demand, recession proof. I am thankful for never giving up after falling many times. Failure is the best teacher in life and busines.

[WealthbuilderzTV]

This is definitely a simple way to break down how wealth is built

[demisemedia]

Wow, this video is absolutely amazing yet super simple! My son is 5 months old & I will teach him the "Thrifty Tom" way! I went from spending 80% of my paychecks on booze, cigarettes & meaningless stuff to NOW putting 70% of my paychecks into savings/investments & using 30% for food, bills & other necessities! It's not the amount of money, it's what you do with the money!

[keatonmorgan]

Only a true investor understands the benefits surrounding the market. I had my doubts as a beginner but eventually it all became clear to me. Failure doesn’t defines you but only gives you an experience.

[KKKkiri]

this is so true and accurately depicts a employee mentality vs investor mentality

[blackaryan]

Whatever you have and which another "man" thinks is "valuable" for him, is your "wealth"

[TheHannible]

Well I am 57 and retired since 50 This is pretty obviouse stuff to me thats what I did lol. But for a young 20 year old this video is fantastic!

[kobiesboxing]

The thing that struck me the hardest in this creating of wealth video is when the fisherman built a spear(the smoking gun). Because that spear(a product from innovation) was a means for him to gather more fish. And that fish represented finance, or money.

[PrizMatex]

This video really grabbed my attention. I love how you used the fisherman example to correlate with the two guys when explaining the whole process of wealth. Man after seeing this I really need to start cutting of a lot of things I don't need.

[samuelspencer]

For such a short video it is detailed, coherent, concise and enlightening.
Thanks for the video.

[YoutubeBrand]

Thank you for sharing your knowledge. I too hope to give people something to think about when it comes to personal choices and wealth. I believe in taking risks!

[VIKDR]

This does give good advice on managing finances, and how to get ahead. Although when it comes to wealth, I was expecting something that stated that wealth is in fact created. Not transferred, not taken, but created.
A lot of people are under the false impression that wealth is some fixed amount, but it's not. It is practically infinite.

[FitByTheLake]

That's great how every business venture thrifty Tom started was a success, even after economy crash, just like real life ;-)

[TwahaHamisi]

For some reason, i expected Peter to buy again a luxury house and a car immediately after getting a job from Tom. Cuz thats what real life Peters do

[hez]

I could watch this video a thousand times and each time the message touches deeply.

[BeckzJa]

I watch this video a few times each month.Even though the way to wealth isnt as straight forward as alluded, The principles are very sound and true...”Wealth is created through self sacrifice and taking risks”...