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00:00 Have you ever tried this?
00:13 Guideline Automation
02:37 Don’t Save $10,000
04:22 Emotional Bank
08:36 Not Now, But Later
10:56 Future Value Formula
13:18 Ego Saving
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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.
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Me having no ego and not giving a F about what anybody else has, has literally saved me thousands of dollars.
I have ADHD, All my plans to save literally fall apart 🙃
Very good. Investing for income really changed my perspective on how to use money. I have no significant interest bearing debt except my van, and the interest is at a level that is less than what I can make if I invest the money now, or even just hold it in a high interest account rather than pay cash for the van. I make every effort to collect interest/div, not pay them.
Took me a lifetime to figure it out, this money thing. I'm happy to see that young people are getting on the boat sooner than I did. Had NO CLUE about planning for the future and getting old (now 67). Thanks for your educational work! Will check out more of your videos.
Thank you, great video❤
Sadly, I don't make near $67k, so how can this apply to me?
Q:Is this Mr. Magic lamp worth the future value of $33,000.00?
A: Yes because the Fed Printed enough money to cause today's $5 to be worth $33,000.
I've done this in one year on 27k and was not focusing on any of these points. Granted I'm in a lower income threshold area. I can only imagine what focusing my mind can do especially with my flexible income
Come on bro, don’t you remember rounding? It’s 27.40.
More specifically 27.3972
I've been thinking about gaming more. Because I spend a little too much going to RC car meets and events for parts and builds and stuff. But if spent more time gaming I wouldn't want to buy every RC upgrade I see
I get paid fortnightly which makes it harder. Really wish I was paid weekly. Trying to get out of living pay check to pay check! Videos like this are super helpful! 🙂
Great videos dude! subbed and flying through a bunch of your videos. Love how you talk about life like a game, very relatable for a lot of people
Did he just use his hand to pay? Is so Mark of the beast
Ok but once I have the 10000 what do I do like how do I use my money to increase my overall financial status. Please someone explain this next step.
Really great video!
Wish they taught this when I was in school!
Guys buying that coffe and going to the bar ain’t going to make u 10k it’s an income problem more then a spending problem, make. more. Money.
Oh how i wish we had public transportation here where I live lmao
What you call guideline automation, I call "paying yourself first." If you don't see it, you probably wont miss it.
Served me well for over 50 years. 🎉
Shame on you for getting paid out by betterhelp
Nope 👎🏽 crook county Chicago
That’s all I have to say. 😐
The emotional bank is something that really stood out to me, but as someone who hopes to live WITHOUT money as much as i can.
My parents were immigrants too, and i remember living the same way. I want to give my parents a life where they dont have to worry about money via self-sustaining methods.
I believe in an ideal world, money is only for luxuries, not for necessities like food, clothes, or housing. I believe this sort of world is not only eco-friendly but also more convenient and better for the economy. But again, it's very idealistic in my country's current state.
Stop eating out…
yeah all of this is coo, and all but why the fuck does your mouse looK LIKE THAT????!!! GO TO JAIL!!!!!!
I don’t understand why there’s no informational videos like this on YouTube, He’s speaking the truth !
Thank you for great information
“you wanna save $833 a month” okay well that’s my entire paycheck so …. i can’t do that lol
god i need some pizza now 😂🍕
Unfortunately for the first option, you race yourself but forget that you are already getting taxed. If you only get 80% of your salary as take home your reducing your total savings from your savings “tax” by 20%. That’s generous tax percentage too for those in high tax locations it’s worse by a massive margin.
i think he likes pineapple pizza guys
👍👍👍👍👍
We do: $100 x week to a high yield savings account. The rest we can spend… it hopefully we don’t go farther than $200 a week.