How You’re Conditioned to Be Poor (And How to Stop)

You've been raised to be poor your entire life because you weren't taught THIS one foundational thing. THIS key learning is really important and helpful to build and maintain wealth. So let’s talk about what it is, and how to get it so you can start tasting the sweet nectar of financial freedom.

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My Setup:

0:00 Why this is all BS
0:45 How I was rasied & how I avoided this conditioning
2:42 How you were brainwashed by society
3:46 One big reason you’ll never be rich
5:37 How to unlock your mind to stop the conditioning
6:41 You were raised to think about this the wrong way
8:19 This will go against everything you were taught
9:55 My final key advice to you
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All opinions expressed by Vincent Chan are solely Vincent Chan’s opinions. You should not treat any opinion expressed by Vincent Chan as a specific inducement to make a particular investment or follow a particular strategy, but only as an expression of his opinion. Vincent Chan’s opinions are based upon information he considers reliable, but does not warrant its completeness or accuracy, and it should not be relied upon as such. Vincent Chan is not under any obligation to update or correct any information provided. Vincent Chan’s statements and opinions are subject to change without notice.

Past performance is not indicative of future results. Vincent Chan does not guarantee any specific outcome or profit. You should be aware of the real risk of loss in following any strategy or investment discussed. Strategies or investments discussed may fluctuate in price or value. Investors may get back less than invested. Investments or strategies mentioned may not be suitable for you. This material does not take into account your particular investment objectives, financial situation or needs and is not intended as recommendations appropriate for you. You must make an independent decision regarding investments or strategies mentioned. Before acting on information, you should consider whether it is suitable for your particular circumstances and strongly consider seeking advice from your own financial or investment adviser.

[dwini]

My dad always told me, “Never look for a business to start”, like a restaurant or a clothing company. He said, “Look for a problem that people have, and if you can solve that problem, you may have the right business”.

Edit: thanks for the likes! I keep showing my dad and it makes him really happy ❤️

[minismalls]

with immigrant parents, we didn't even feel the recession. we were already living that way haha. we've always lived below our means, and that's why we're thriving now. I will keep this in mind for the rest of my life.

[pandamilkshake]

I grew up in a very wealthy household but my mother (who grew up poor) never...NEVER gave me more than 10 bucks each week as an allowance. She said that "If you can find a way to have a good time with 10€, you will not ever need extra". Back then I was kinda pissed that we had money but didn't spend it but now I realise it was all about the life lessons that taught me and I cant be more grateful.

[JC-bttb]

Instead of saying "I can't afford it" I tell myself, "that's a waste." Just ran into the channel today, despite other channels probably having the same info, this channel is full of honesty, I'll take any day of the week.

[KoiAcademy]

Our refugee parents are the same way, our mom even keeps our oversized shirts and wears them after we’ve grown out of them

[e_velog]

When I was a kid, I remember I would go on road trips with my dad, and whenever we'd visit a location, if I wanted a souvenir that was just a cheap trinket, my dad would just say "no". Never understood it because they were super cheap and we were never poor. But now, I kinda do. Instead of buying that cheap thing I would forget about in a month, he would pay for us to go experience new things, and now that I'm an adult, I'm so thankful for it because first, I still remember every single one of these experiences, but I'm even more thankful that he's taught me to not waste my money on these little useless things and to instead save it and buy a course, or an experience that will bring me much more value in the long run.

[evL]

My secret: I don't spend beyond my means to impress other people.

Example: A car is just a mode of transport. Don't need to upgrade to a new phone every year when it still works, and can do the essentials that the new phone can do.

All you have to do is look at your neighbor and know you had enough

[Alexis_Marcelo]

“Build your own dreams, or someone else will hire you to build theirs.”

[XieronDraxin]

So I DID learn about personal finance in school. We even learned about the stock market and how to trade on it effectively. All because I went to an elite private high school in NC that I got a scholarship to. This high school, that without my scholarship would have cost more than my college, had almost all wealthy students and THEY got to learn how to manage the money that would one day be theirs. All Senior Students were required to take this personal finance and other general life skills class.

[michaelavillanueva]

Changing my mindset from “I can’t afford it” to “How can I afford it?” and this whole video in general has changed my life!! Thank you Vincent!

[blsia]

I'm working as a janitor, sweeping floors in a grocery store. By everyone else's definition I should be struggling to get by but I'm completely self-sufficient, spend only half my paycheck and have enough money saved up so if I lost my job I could survive for over a year and this is why I don't really trust when people claim they can't because of the system. My wages could be cut by 50% and I'd still be perfectly fine plus my job is stressless and requires no skill
I just learned from my parents how to manage my money properly, unfortunately that seems to never happen

[VarsVerum]

"I can't afford it" to "How can I afford it" sounds really familiar. I think I heard that from Robert Kiyosaki in one of those motivational videos lol

[highsol]

These days I've been feeling more scared of re-joining the workforce than anything else in my entire life. Its cheesy as fudge but I HAVE to say it "9-5 just isn't for me" lol. But its the truth! I know theres an alternative and I'm determined to find it! Currently I'm working on eradicating all my limiting beliefs involving wealth. I want to build something great working for myself and find my calling. I know it is possible.

[tietosanakirja]

I learned about personal finance and entrepreneurship in three courses.

- The curriculum included a lession about buying vs renting and loans.
- I also took an extracurricular course about investing. During the course we actually invested real money.
- Finally another extracurricular cource was about entrepreneurship. On that cource the class founded a company and ran a business for a year. I took that cource twice.

The last two cources were specific to my school. The first cource was nation wide.

I'm from Finland 🇫🇮

[functionallycool]

One of the things I do with my kids instead of saying we don’t have money for this, I say “we need to put this in the budget.” We have a budget board that we put things on that we want, then we take something, put it in the monthly budget, and then we buy it.

[KatsC]

“Having the right mindset is as important as taking action” this is so true. It’s very easy to buy a course or a programme to help you elevate yet, you actually have to stay committed to the course to see the results through and put the work in.

[emare]

Never been a fan of listening to dudes sitting there talking…but there’s something special about this one here

[JacobKustra]

You’re completely right, especially now with the expectations set by these “gurus” that if you don’t make money fast you’re a failure. So many people give up too early now…

[Radhaun]

Two phrases I learned from my mom are "Is it a want, or a need?", A want can be put off for later, a need is always in budget.
The other phrase is just "not right now" or, now that I budget in sections, it tends to be "not this month". This leaves it open for another time, permitting that I haven't decided whatever it is as just a want and not just a transient want.

[antoniomorales]

I took a financial literacy class my junior year, I grew up in Salt Lake City, Utah. Taught me so much about finances, taxes, dividend/passive income, and saving money versus investing and making it work for you.