How To Get Rich

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Performed by Gary Stevenson
@garyseconomics

[edmurth]

“How do you get rich? You get rich by working together” now that’s a great quote and tells a story about individualism and how it’s made us forget the strength of community like a form of depoliticisation.

[pauliehorgan]

I love the honest answer to the "How can I get rich" question. Most other people would be pushing a book or a training course. you're a breath of fresh air.

[skatepark]

I came to this video after our first home purchase fell through due to the seller backing out to rent the property instead. After searching for a year and a half I’ve realised there is nothing out there that I can afford and my financial state and career has left me in despair. This video made me feel more depressed but it was the slap in the face with reality that I needed.
By you saying that my lack of success is not a measure of my intelligence or my work ethic did Improve my self esteem for which I am thankful for.

Keep doing what you are doing man, you are a shining beacon in the dark sea of bullshit, and it’s about time we had someone who can give us guidance like you have.

[nyxehxt]

The economy is favorable to those who where able to get themselves into one investment or another, most people see investment as something big they can’t participate in because they’re too scared to venture into one.
Today we have a lot of opportunities to invest in different commodities, stocks, cryptocurrencies and so much more but some people just sees this as a challenge and shy away from it

[TazBo-wdig]

I’m already rich, I’ve got a wife and two kids and we are all healthy. The outdoors is all the happiness you need. Keep it simple and life is amazing.

[JamesJansson]

My favourite advice story is this: I was trading, and making a bit of money doing it around the GFC. There was lots of stock available, and discounted share sales etc. A friend asked me for advice. I was hesitant, but I said "here's a mining services stock. It's a shitty company and 50/50 chance of going bankrupt, so do the smallest bet possible and assume the money is already gone, but it could go up a lot." Well the friend bought in. Then the price went up 20X. A few years later the friend said "I've got a bone to pick with you, the stock you recommended went bankrupt!" I replied with "so you didn't sell in the several years that it was 20X?"

Even when you give Nostradamus-level advice, you are on the hook for the bad and never the good. Don't give advice unless it's "Don't trade. If you are asking for advice, you are going to fuck it up."

[rannyorton]

Investing in alternative income streams that are independent of the government should be the top priority for everyone right now. especially given the global economic crisis we are currently experiencing. Stocks, gold, silver, and virtual currencies are still attractive investments at the moment.

[thomasrogers]

Stocks in the short term look more likely to move downward. I Just inherited $500k which I Look forward to invest. what stocks should I look into as a newbie to safely grow my money?

[samuelmoore]

we have lost so many smart people to the finance sector, gambling on made up stock prices. Imagine if all the maths whizz's like yourself had entered into the tech and engineering sectors. I reckon we as a country would be much better off now. Love your channel, I have learnt so much. Thank you

[bazza]

i've known this all my life, but never heard anyone else articulate it. thanks

[josephhughes]

Recently bought some recommended stocks and now they are just penny stocks. There seems to be more negative portfolios in the last 3rd half of 2023 with markets tumbling, soaring inflation, and banks going out of business. My concern is how can the rapid interest-rate hike be of favor to a value investor, or is it better avoiding stocks for a while?

[MizThe]

While i admire long term investors, I really don't know what to expect. For instance, if i invest 500k what would my portfolio look like in 2030?

[Mynestrone]

"You're trading against me!" is one of the clearest warnings I have ever heard.

[CMBell]

"What am I doing wrong?"

"You had the wrong parents. You shouldnt have done that"


Gary you have a way with words

[sarawilliam]

I was advised to diversify my portfolio among several assets such as stocks and bonds since this can protect my inherited portfolio of about $2.5m. I’m used to just buying and holding assets which doesn’t seem applicable to the current rollercoaster market plus inflation is catching up with my portfolio. I’m really worried about survival after retirement.

[tinytony]

Excellent video Today I reached $200K I'm really grateful 🙏 for all the knowledge and information you gave given me in the last few months. I started with $25K last week

[PipJim]

You nailed it with the comment around ‘it’s not living in relative ‘poverty’ it’s the judgement that’s the problem’. Spot on. The internet has told everyone they should be living in big houses and driving flash cars otherwise you’re a failure. We can no longer be happy working in the ‘factory’ because we should all be millionaire YouTubers or bankers. It needs to stop. Another example of social media killing society

[Pollycat]

So glad that you ended with the message about working together to change the system. I’ll happily be part of the ongoing collective action.
Really feeling the power of The Woolly Hat of Wisdom today 😁

[VitaliiSych]

The home I purchased in 2023 has appreciated by $60, 000 since my acquisition. However, the downside is the diminishing value of the dollar. I am currently contemplating strategies to reinvest $300, 000 in the real estate market.

[ParishBlein]

Invest early, invest often, stay invested. Buy a good cross section of an economy and you should do well over the long term. The market will be high in 10 to 20 years, and significantly higher in 30. It's almost impossible for a company with no debt to go bankrupt. Canada is about 3% of the global marketplace, U.S. is about 50%, remainder on the globe is 47%. Pay yourself first. It's time in the market, not timing the market. i stay on top of the market with my FA Dianne Sarah Olson. Bulls and bears make money, but pigs get slaughtered. - some wise words -