How much money has passed through your hands throughout your whole life? Think about it like this, every time you get salary, you spend money, or receive some type of payment, the money goes through your hands. Over the course of your life that means a lot of money, and the question is, how much money do you have left, from any of those income? Let me put it this way, maybe you made $32,000 last year and you're 30 years old.
And suppose that the first time you received your first payment was $80 at 17 years old. Now, add up all the money you've earned in those years to today and it will give you an amount. Maybe it's $300,000, or $500,000, or it could even be more or less, but the question is, all that money you've earned throughout your life, how much is left in your wallet?
Most likely you haven't thought too much about it, but it's worth considering it because the answer can surprise you. Believe it or not, in a single year an average person spends tens of thousands of dollars on food, accommodation, transportation, and other needs. Throughout your life that means hundreds of thousands of dollars, or even more, and that without counting the money we spend on non-essential things like clothes, entertainment, and vacation. So the question is, are you really satisfied with the amount of money you have left?
If the answer to this question doesn't make you happy. then it's probably because you don't know the rules of money well. In this video, I'm going to share with you the 20 rules of money so you can live an abundant life.
You will never be rich if you don't master these rules of money. Keep watching, by the end of this video you will learn them all, so you can find yourself in the other side of the coin. You will never be rich if you don't master the first rule of money. And that is. Don't let anyone know you have money.
In the age of capitalism, your social status is defined by the amount of money you earn, so it's not surprising that we like to boast about our earnings. But in the end, it's important that no one knows you have money, because if people find out how much money you earn, they'll start asking you for favors or loans, and before you realize it, you'll be surrounded by people who always try to take advantage of you. Believe me, I know this from experience, boasting about money will make you feel good at the moment. but it's not worth the price you'll have to pay later.
Now, it's not just about material possessions, if you make a living from your wealth, you're sending the message that you're better than the rest. While that can make you feel good and respected, it won't make you make friends, in fact, it will probably do the opposite, since people will be jealous and resentful of your success. So, what is the alternative?
Maintain humility and appreciate what you have without drawing attention to it. Moving on to the next rule of money that if you don't master, you will never be rich. And that is invest time before investing money.
Many people think they need money to generate more money, but time is often a more valuable asset. For example, investing time in learning about personal finances, investments, and budgeting can be very profitable, since it can help people make better decisions with their money and avoid costly mistakes. And for those who are already experts in finance, dedicating time to learning about new investment opportunities can help you increase your assets.
Although there are some cases where it makes sense to invest money instead of time, such as when hiring a professional to do a job that would take too long to learn, or when time is essential, in general, investing time for learning before investing your money into something you have no idea can be a wise decision. Now before I move on to the next money rule. If you want to learn more about personal finances, investments, business, and the best platform to invest.
There are links in the description below this video, with books I recommend you read, that will help you speed up your process when it comes to make money and create wealth. Now with that out of the way, let's move on to the next rule of money, that if you don't master, you will never become rich, and that is. Money is a game. Games offer players the opportunity to improve. Since the more you play, the more you learn and the more you improve.
Over time, even the most inexperienced player can become quite good at any game he's playing. The same goes for money, no matter how bad you are with it, because the more you play, the better you will do. Like any other game, money has its own rules, so you have to learn them if you want to be good at the game. For example, in chess one of the basic rules is that you can only move one piece at a time.
since if you try to move two pieces at a time, you will be penalized. Similarly, one of the basic rules of money is that you have to save, before you can spend or invest. The best thing about the money game is that you can learn, that is.
Like chess or any other game, once you understand the fundamentals, you can start developing your own strategy to win. The next rule I have for you when it comes to master the rules of money, so you can live an abundant life that is, money will not solve your insecurities. You may not want to hear this, but when it comes to insecurities, money will not solve your problems. You may feel that you need that expensive car, or that bigger house to be accepted or admired by society. but that will not make you feel better about yourself, why?
Because money cannot buy your self-esteem or your happiness. The truth is that if you constantly compare yourself to others and feel that you are not good enough, no amount of money will change that. So the only way to overcome your insecurities is to work on them directly, and that means accepting what you are and learning to love yourself, otherwise you will only be chasing an endless cycle of material possessions that will never truly make you happy. Comment below, if you agreed money cannot buy self-esteem or happiness and share some insight about this topic that may help others.
The next rule, that will never allow you to be rich if you don't master these 20 rules of money, that is. Money is a game of life. Why money is a game of life? Is because, no matter how much you save or how wisely you invest, there is always more to win and more to lose. So forget about the idea of reliance on a day.
Of course you can automate some of your tasks, reduce your hours of work, but in general this game has no end. And if you do not believe me, just look at the richest people in the world who continue to work even if they do not have to. The good news is that money does not have to be a source of stress or anxiety, since if you deal with it with the right mentality, it can be quite pleasant. So think of it as a challenge to conquer, rather than an enemy to defeat.
Moving on to the next rule. of money that if you don't master, you will never become rich, that is. The more you learn, the more you win.
In today's society it is more important than ever to learn things that are of value in your life, since with the economy as it is, jobs are scarce and competition is fierce. And it is not enough to learn things for learning, you have to learn things that really benefit you in some way. The good news is that there are many ways to learn valuable skills without spending a lot of money.
For example, there are many free courses on the internet that can teach you from basic knowledge of computer science to more complex topics such as web design, business, accounting, or finance. You can also find many valuable books on the internet, such as The Richest Man in Babylon or Think and Grow Rich, by Napoleon Hill. And remember this, in your journey through life it is important that you learn everything you can, since each experience is an opportunity to grow and expand your knowledge. and the more you learn, the more money you can earn, and the more you can offer to others.
By the way, if you're enjoying the money rule tips so far and want more videos like this, subscribe to the channel and hit the like button so I know. The next money rule is, become friend with those who are making money. If you want to make money, it is a good idea to be friends with people who already know how to do it.
This is how things usually work, if you are surrounded by people who know how to make money. it is more likely that you will learn from them and start making money yourself. Of course, it is not always that simple, you cannot approach a rich person and wait for him to take you under his wings.
But if you try to relate to people who have experience and success in the financial world, you will have many more chances to achieve your own goals. So don't be afraid to approach and connect with people who seem to know what they do when it comes to money, since it could be the first step in your own path to financial success. You will never be rich if you don't master the next rule of money, which is.
The greatest creations of wealth occurred during crises. The Great Recession of 2008 was one of the most difficult moments that many people remember. Numerous people lost their jobs, their homes, and the savings of their entire lives, that is, it was a time of great difficulties and uncertainties. However, There were also opportunities during this time of crisis and for those who knew how to take advantage of them, the recession represented a great opportunity to make a lot of money.
Certainly many people do not realize that some of the greatest creations of wealth occur during economic crises. When the stock market collapses and everyone sells, smart investors can acquire shares at ganging prices, in this way they can take advantage of the lowest prices and earn a lot of money when the market recovers. The next rule I have for you when it comes to master the rules of money and that is. As you get older, your expenses increase. As the years go by, your expenses increase.
Expenses will continue to grow, either because of inflation or simply because your tastes become more refined, you will find yourself spending more and more money. The truth is, we all want to improve and have a more comfortable life, that is our nature. We work hard to earn more money and thus be able to buy better things and have a more pleasant life, but you have realized that each year, in one way or another, you spend more and more.
It is not only that the cost of living rises every year. because of inflation, it is that we also tend to want more and more things as we age. We see our friends and neighbors with beautiful things and we also want them, so we work more and more hours to earn more money and be able to buy those things.
Although it is difficult to accept, your expenses will continue to grow and if your income does not follow the rhythm, it will be difficult for you to move forward and break this cycle, so it is important to be attentive and take precautions. The next rule that if you don't master You will never become rich, that is. Do not fly first class.
There are many people who spend $2,000 or $3,000 on a first class flight when they could spend $300 on the same flight, but is it really worth paying so much to fly first class? Consider the following, imagine that you travel about 8 times a year and if we take into account that each first class flight costs $2,000, that would give a total of $16,000 spent in a single year. If you use those $16,000 to start a new business, over time you could recover much more than that.
Or, if you already have a business running, that money could be used to hire new employees to help you improve your results. You could also take some finance classes to give you the knowledge and skills you need to better manage your money. The reality is that if you fly in tourist class, you will continue to reach your destination, you may be uncomfortable for a few hours, but you will arrive.
Of course, it depends on you what you do with your money, but remember that thinking in the long run can bear fruit in the end. Now talking about starting a business, if you want to learn more about, how to start a profitable business, then make sure you click the link in my description, there is a video where I teach the best online business to start if you are a beginner. With that said, let's move on to the next money rule, which is, study your politicians.
If you want to save more money, You have to study your politicians. It seems obvious, but many people do not take the time to understand the financial proposals of the politicians they vote for, and this is a mistake. Your vote should be based on something more than affiliation to a party, since if the philosophy of a politician is to strongly record their voters, you have to be aware of it before issuing your vote. Do not be surprised by empty promises and topics. and take the time to study the financial proposals of the politicians you are considering voting for.
By studying these things we can be better prepared for any financial change that comes our way and save us a lot of money in the long run. You will never be rich if you don't master these rule of money, and that is. Wealth accumulates over time. Wealth does not occur instantly, it takes time to accumulate it.
Just as you cannot grow a tree overnight, you cannot grow wealth either. because you need patience and consistency to see results. For example, Warren Buffett is considered one of the best investors of all time, he began investing at the age of 11, buying his first shares at a price of $38 per share, and now has a value of more than $108.2 billion. If you had started investing only $100 when Buffett was 11 years old, today you would have a lot of money thanks to the power of capitalization.
In fact, You would probably have more than a million dollars if you had reinvested your dividends and let the capitalization do its magic over the last few decades. So if you want to accumulate wealth, learn, start investing soon and let the capitalization do its job. The next rule of money, that if you don't master, you will never be rich, is.
Do not let your money get bored. Money is like a muscle, if you do not use it, it weakens and atrophies. So the key to having strong money muscles is to use them regularly. Think of it this way, if you had $100 in your savings account and never touched it, in 10 years you would still have those $100, but they would end up being worth much less due to inflation, the increase in property prices and the increase in cost of living. Now, if you had invested those same $100, for example in a business, in 10 years you could have obtained an important return on your investment.
So what is the moral of the story? Do not let your money get bored by keeping it idle in a savings account. Allocate a part for an emergency fund in case of a rainy day and the other part put it work to protect it from inflation and earn more money. If anyone knows other ways of savings money, comment below. Let's share the knowledge.
The next money rule is. Focus on your finances, do not compare yourself. Your best friend just bought a new car. It is beautiful, really beautiful and you cannot help but feel a dash of jealousy, since you have been driving the same car for years and it is beginning to show its age.
But then remember that financial advice, do not compare yourself with others. This is a good advice, especially when it comes to your finances, since comparing yourself with others can carry all kinds of problems, from making impulsive and imprudent decisions to getting obsessed with things that cannot be allowed. The fact that others spend their money in a certain way does not mean that you have to do the same.
So instead of focusing on what others do, Focus on your own financial situation and what will help you achieve your goals. You will never be rich if you don't master the following rule of money, and that is. Money is neutral. Some people believe that money is the root of all evils, but this is not true.
Money in itself is not bad, but a neutral force in the world that has no moral value in itself and is the way people use it to determine whether it is good or bad. In the same way, Money does not make a person different from who he is, it only amplifies what he is already. For example, if a person is kind and generous, money will allow him to do more good deeds, that is, it will be able to help more people and have a greater impact. But on the other hand, if a person is selfish and greedy, money will only worsen those qualities, which will lead him to take advantage of people and grab resources for himself. Remember, money is just an object.
It is the person who uses it that determines its value. You will never be rich if you don't master the next rule of money which is. Money flows towards those who know how to handle it.
There is an old saying that says, if you want to have money, create things for which people want to give you money, and it is true, because money flows from those who do not know how to handle it to those who do. For example, let's say you create a new application that helps people save time and money. People will want to use your application because it makes their life easier, and when they see how much money they save, they will be more than happy to pay for it. So if you want to make money, focus on creating something for which people want to pay, that is the safest way to get the flow of money to flow in your direction. If you don't master the next rule of money you will never become rich, and that is.
When it comes to saving, you have to start little by little. Chris Reining, a famous investor and writer. was able to retire at 37 as a millionaire thanks to his intelligent saving habits. When it comes to saving, start little by little, that is his advice for those who want to follow his footsteps.
One of his money-saving techniques you may have heard, he recommend cutting small expenses, such as that coffee for $5. The reason for this is that, in an attempt to save money, people often try to make drastic changes in their lifestyle. which makes them feel overwhelmed and end up giving up. That is why, even if it does not seem like it, these small changes can be a great time saver.
Once you have mastered the art of reducing small expenses, you may discover that making major changes is not so discouraging after all. The next advice to master the 20 rules of money so you can live an abundant life is. Control yourself.
Many people believe that personal finances are all mathematical. calculating the types of interest, analyzing the investments and making a budget. Although these things are relevant, they are not the most important part of personal finances, as the most essential part is self-control.
If you can control your emotions, you can make the right decisions with your money. For example, when you are afraid you tend to make bad decisions, such as selling all your shares when the market collapses. Or when you are greedy, you also tend to make bad decisions.
such as buying overvalued shares just because everyone buys them. As someone said, the inability to control our emotions is what causes most problems. So it is not only about making more money, but also about controlling what you have, and that starts with controlling yourself.
The next money rule is. Spend less than you earn. When it comes to finances, the golden rule is to spend less than you earn. This may seem like an obvious advice. But unfortunately there are many people who do not follow it, as they let themselves be seduced by money and end up spending more than they earn.
And you may ask, why does this happen? Well, one reason is that people often think they can always make more money. money.
They think that if they keep spending, in the end they will find a way to earn enough to cover their expenses, but it is not always like that. And the second reason is that they let their emotions control their expenses, that is, they see something they want and buy it without thinking about whether they can afford it or not, which is a dangerous habit because it can lead to debts and financial problems. Now, there is no magic formula to spend less. But a good logic is that if you have problems to get to the end of the month, probably the best solution is to make more money. But if you already have some good income and want to save money, then spending less is the way to go.
You will never be rich if you don't master this rule of money and that is. Learn to do something that not many people can do. In a world where so many things are produced in mass, it is easy to forget that the rare or difficult things to get are usually more valuable.
Therefore, Learning to do something that not many people know how to do is a great way to increase your value and make you more indispensable. Now, there are a lot of skills that you can learn and that will make you more valuable to the eyes of employers or possible partners. For example, if you are looking for something unique, consider the possibility of learning to code or becoming an Excel teacher.
Today, it is also highly valued to speak more fluently than one language, so it is not a bad idea to consider this option. So do not underestimate the power of learning something new, as it could be the key to unlocking greater opportunities in your career or in your personal life. You will never be rich if you don't master these rules of money. If this video has served you, start analyzing which of these 20 rules you comply with and you perform very well, and which ones do not, and then start making the necessary adjustments.
Even though being rich is a state of mind, it can also be your reality. If you follow these rules of money, you will be on your way to becoming rich. Now, if you want to learn how to achieve financial success, then watch this video next and if you got to this point of the video, like and subscribe to the channel to see more content like this. Thanks for watching and see you in the next video.