I Got RICH When I Stopped Doing These 8 Things

When the financial crash hits, these 8 money traps will stop you becoming rich in a recession. Avoid these to grow your wealth during a crash.

TIME STAMPS:
0:00 - Your Opportunity To Get Rich...
0:22 - Being Scared To Take Risks
01:37 - Investing In Things You Don't Understand
03:27 - Not Spending Enough
04:49 - Taking Your Job For Granted
06:30 - Payday Loans
07:20 - Not Having A Side Hustle
08:39 - Not Living Within Your Means
09:21 - Get Rich Quick Schemes

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[HLB]

It’s not silently quitting, it’s quiet quitting. And for some reason mainstream twisted the meaning. It doesn’t mean do the bare minimum. It means do your job, but don’t go above and beyond that. Most of the time putting in a lot of extra effort means nothing to corporations. They see you doing extra work and working long hours and they’re not compensating you for it.

[matanyaholmes]

Nothing better than a father like figure giving you solid financial advice for the betterment and advancement to your finanacial freedom. And all for free!
Thank Mark! Loving your videos as always.

[pharmclare]

Getting a side hustle is definitely a helpful habit. Good insights. Thanks for sharing

[ThePotarock]

I'm so glad to have find your channel. I'm struggling atm with money and my girl having serious health issues... this is my las shot i guess. Thanks for sharing all of that. I will do my best following your advice not even to get rich, but to be able to afford a normal life.

[mEAngurrrrl]

So true!
There's no harm in diverse sources of incomes. I saw firsthand how lucrative investments could be when handled the right way.

[CarterQuillenP.E.]

Brilliantly executed funnel presentation. Very helpful information for the uninitiated as well. And I love the irony of step #8. Saving that one for last was hilarious. Congratulations, you've inspired me to actually click on the link, learn more, and see how long it takes for you to make YOUR pitch. Well done!

[Todd.T]

1. Proper investments are educated gambling. I go with what the numbers say.

2. Went into real estate. Multiple facets. Loans, mortgages, construction, rentals to balance things out. My father did construction and there was a lot of information about. I had mentors as well.

3. I am frugal when it counts but have proper quality items that are more expensive but last decades.

4. I don't get why people think they are better off when they quit to having no job. People at my work support their families with no issue on my income. Just because I have investment income doesn't mean I should quit. I can achieve financial freedom sooner if I use all possible streams of income. I could retire and live VERY frugally, but every year I wait, the better my retirement looks.

5. The only loans I have are for generating income or paying for my car. I invested the money I would have spent on the car to pay for the car. One year left on the car. The original amount has grown to the point that I can get a more expensive car or another one but this time the investments will pay for the car, insurance and operating costs.

6. I dumped my side job. I was working every day off work and after hours. I made enough money to invest and create an income stream that allows me to do enjoy my free time like everybody else. I spent 20 years working two jobs.

7. Thank god my hard work paid off. My means are higher than that of a lot of people. Because I already have all the luxury items I could currently want. I don't really buy anything but food. Proper clothing can be repaired as can jackets and shoes.

8. Get rich quick schemes...no. I don't bother. I don't need to bother. Anybody bragging about them making money quick, usually loses it quick and won't mention that part. I love to tell those people, who are praying on you, I don't need them.

[jeffpargetter]

It amusing how Mark warns us about the adds the peppered through his own program 😅 cheers mate 👍

[split_jcgg]

You need to speak more about keeping your job.. I listened to the quit your job and take a leap of faith and I totally wiped out now I gotta go back to work. I needed this advice 3 years ago bro.

[preciousmousse]

Thank you so much for doing all this work, Mark! I'm just discovering your channel as someone who feels lonely having this mindset amongst so many young people who just project their attachment to their comfort zones on rich and successful people. The world needs more people like you, especially in these complacent and pessimistic times among many.

[christopherwinstanley]

Yes good advice. Too many payday loans don't sit very well on the credit score that's true. Unless any course work is an requirement to operate then its not good idea. Having a regular paid income and steady job is foundation to create passive income... if your making money to pay for personal bills and home type necessary then its not money to invest. I agree in total

[dyloncai]

Thanks for the video, Mark. If there's something I'd add is that while one should do the best they can for a job, doing the bare minimum is being kind to yourself if you've been taken for a ride. Be it not being promoted, not being appreciated with any pay raise or even unfairly treated in terms of benefits.

In this case, I'd say stay for the money and do the bare minimum while staying alert for better opportunities. Don't quit without a plan.

Good luck to all.

[Couchlnvestor]

Astounding content Mark👍🏻
Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. The financial market has plenty of opportunities to earn which I myself took advantage of … and it has been a great ride so far.

[bendickson-jardine]

When it comes to remembering trap #3 try the phrase Buy cheap buy twice

[AvalonShire]

Thanks Mark, so humble of you teaching these things

[KenzDborn]

Do you have a video laying out some of the basics of investing? I have the money just don’t know how to spend it.

[MatthewEaton]

Quiet quitting isn't about doing the bare minimum only; it is about pushing back at the toxic work cultures that have covert "implied" contracts with their employees (often the youngest and most eager) to trade in being on all the time for a "shot" at being a manager and getting paid more. It is about the lies the employer says when they are dangling a job they don't intend to hand over to the direct, but are looking to exploit it because work itself has become a religion, not a way to make money. We all must contribute, but some are demanding more for less and often for nothing in return (not even keeping them around - the Quiet Firing side of Quiet Qutting).

[marcusphoenixish]

Thank god YouTube is out there with advice from real people. I don't listen to many people's advice about money or investments, but marks advice is pretty sound 😊

[LEWIS]

The ONLY people against "quiet quitting" are millionaire business owners.
There are way too many people brown-nosing their way up the chain these days.

[christiandad]

You forgot "getting married". Your welcome.

Yeh this was just tongue in cheek. 😉. Follow Christ for eternal riches.