15 RULES OF MONEY

In this insightful video, I will discuss the 15 fundamental rules of money, sharing invaluable lessons drawn from decades of experience as a tax attorney and successful entrepreneur.

I begin by introducing the concept of "locus of control," which is the belief that you can influence your financial destiny. This is a key differentiator between the wealthy and those who struggle.

Another important concept discussed is the Rule of 72, a simple yet powerful formula that helps investors understand how quickly their investments can double based on interest rates, highlighting the magic of compound interest.

Best of luck with your investing, and be sure to hit the like button if you enjoyed the video.

🔔 Don't forget to subscribe for more insights on real estate investing and business strategies!

Show Notes:
0:00 Intro
1:45 Locus of Control
2:48 Rule of 72
4:39 70/30 Rule
7:29 30/30/30/10 Rule
10:40 Time vs Timing
13:18 Debt vs Leverage
16:39 Assets vs Liabilities
19:41 Tax Tell
22:53 5% Rule
26:28 Seeds/Seasons
28:44 4 Types of Wealth
32:15 Money Magnifies
34:18 Student
36:23 Your Money Is Your Army
38:05 Money Vs Wealth
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ABOUT TOBY MATHIS
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The information provided in this video should not be construed or relied on as legal advice for any specific fact or circumstance. Its content was prepared by Anderson Business Advisors with its main office at 3225 McLeod Drive Suite 100 Las Vegas, Nevada 89121. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship with Anderson Business Advisors or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice.

#assets #investing #wealthbuilding #assetsoverliabilities

[JayantaGayan-ltqb]

there's a book called whispers of manifestation on borlest, and it talks about how using some secret tehniques you can attract almost everything in life it's not some bullshit law of attraction, it's the real deal

[bryanhoffman]

How is this information free? It's taken my entire life to learn what he sums up in less than an hour. He has simplified incredibly important components of how money works. Truly listem to this every day until it can entirely be recited and you will be guaranteed to become wealthy.

[toulor]

The best finance and financial video I've seen ever. I have been watching finance and financial wealth videos for 10 years.
You said it all in this video. If you can just watch 1 video, and that was the end of your financial education....this would be that video. Kudos to you.

[safe-investor-ag]

This is probably the best finance channel I have found in years after clear value tax.

[hudsonfrank]

This guy knows what he's talking about. I spent 40 yrs learning this strategy through life experiences. I try explaining this to people online that just want the silver platter given to them in life and they just don't want to work towards it. I'm set for life. If you do what he preaches you will become successful.

[billsanders]

Ok. I’m 58 and have been studying how to prepare for retirement. Everything you just said summarizes everything I’ve learned in the past 5 years! Also people I know who are wealthy follow what you just outlined. Great video. Keep up the great work. I wish I realized this at 20! Trying to tell my children this. Buying new cars really hurt me looking back. I’ve bought 22 new cars over 30 years. What a waste. I’ve paid off my 2018 Jeep so I finally stopped the bleeding. My boss at 40 has never bought a new car. Still drives a 2004 Camry he bought used for $12, 000! Wish I did that.

[zx-sfy]

Your teaching style is easy to understand, and I appreciate that. Thank you sir.

[LtKnightsteel]

I am a true believer that the language of money is withheld from us. Any information about building wealth. Building a legacy is information worth listening to. Like the great Bruce Lee said, take the good in and leave the bad out. Knowledge is powerful when will by an inform person. The information shared by this gentleman may not be for all of us. But some aspects of what he shares can apply to all of us and help us make better financial decisions. Thank you

[BruceKuiper]

1-You are a wise man, 2-Have an excellent communication style
3-Thanks
Rev. Bruce R Kuiper

[castlerc]

Yeah, I was being forced to pay a debt I owed. A very good friend gave me the money, I sold a rental property to pay her back but she said no. I helped 3 people, essentially paid it forward. Best life lesson ever.

[oloveorlando]

Great teacher and explanation. Learn new rules today from you that im going to apply to my daily financial life. God bless.
Spiritual wealth is a must 👍

[MsFutureguy]

Excellent presentation. Rule 16, learn to get past early childhood programming. My father programmed me to run away from wealth and true love most of my life. He became a millionaire, and both my siblings. I'm still learning to accept wealth into my life. Good thing I have a 25 year old body at age 71

[davidcarroll]

Fantastic video!!! You’ve done a great service making this and sharing it!

[samfisher]

I’m liking this channel better than Dave Ramsey’s. This is more positive.

[AlexanderDavis-ll]

Driving a less expensive car has been one of the great stress relievers of my life. No ding makes me sad, no bill is too big. When we go on vacation we rent the big boy toys and when we're done we leave them with their owners to deal with depreciation and maintenance. It is really liberating to not be enslaved to things and to have that much more to invest with.

[bil]

My experience in investing (quite successfully) the last 40+ years has told me, we do need gold and other precious metals as investments/insurance. By your premise, if it is not paying us, it is a liability. Auto insurance, home insurance, health insurance, does not pay us and is a liability, but it is a very necessary part of being a successful investor. Most investments are liabilities until we sell, they are liabilities in our time/efforts.

[nova]

I like you incorporate values and mindset in your teachings. Makes me more focused and goal oriented.

[lukegnanapragasam]

Thank you so much for sharing your knowledge 😊

[angelabarnett]

Love that you are driving the giving point home!

[justandegeneffe]

Tried to call your firm to get some services three times and no one answered. Read your book and thoroughly enjoyed it. Thank you for writing that.