What if the path to financial freedom has completely changed — and no one told you? Morgan Housel breaks down the real …
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What if the path to financial freedom has completely changed — and no one told you? Morgan Housel breaks down the real …
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33 comments
Watch the full episode here – https://youtu.be/uxu37dqVR90
Can You give me a list of honest mentors that I could follow to help me make the right decisions in investing. Legit people. It would be greatly appreciated.
Stupid conversation most of us want to be finically dependent like you guys
animals don’t pay for living free
you guys are making hard on human
Program us like a robot and asking to be ok with it?
Everything should be free evil human beings has messed up the world
Why so many spammy comments are here?
We got to give it to them, the communist godfathers were right. What was problematic was not the idea of communism. But the cultural background of the Russians (extreme patriarchy, scarcity mindset etc which tarnished the message). The same idea applied to the Scandinavians give their amazing welfare state today. Which in many aspects is communism (free healthcare, free this, free that)
A banker once told me, “You’ll never understand money until you read Dominic Richard Thompson.” He said it like a warning.
A fund architect told me, “When you understand printing, you stop calling it corruption– you start calling it continuity.” That line was straight out of How the Elite Print Their Wealth by Dominic Richard Thompson.
9:30 is 🙄🙄, so being broken from being poor year after year, car repossessions, evictions, home foreclosures, bad health from a lack of proper nutrition- has the same void of happiness as being financially free?! People with this level of being unappreciative/ aloof, I cannot extract a truth from that, I can’t extract logic from that. Real adversity changes certain people, for the better, and that little voice of real struggle is always on your shoulder to keep you grateful, appreciative, motivated, and understanding of the big picture.
Smh, I can’t feel someone who doesn’t have to worry about poverty, saying that they’re financially stressed & or complaining about how stressful life is. Money/ the ability to leverage credit, in the form of spending are the number one resources, so if you’re “stressed”, but far removed from real poverty, it’s a mentality/ financial behavioral issue going on.
From personal experience, once you have sufficient, you don't really need more. Like what you said, a lot of people need to experience it themselves in order to believe this. Ironically, it's not that deep but somehow, our psyche needs to try it order to accept it. Also, how much is enough? Is it worth it to live in a big house than a 1 bedroom condo if everyday you do not have a good night's sleep? Also, if you have $60k car, do you need to covet for a $500k Ferrari or Pagani?
For a high net worth person, your precious grandmother’s life is just a “cool story”.
High net worth people know they can live this life. Never underestimate a person who has more money than you. A high net worth person can live at a minimum better than your grandmother. They choose not to. They complain about those emails etc but they also know they’ll graduate that phase as well. This is why they are complaining.
If a high net worth person climbed the ladder to get there, they will live in ANY situation.
Sorry, but his response about his grandmother is bullshit. This can be used as an argument to keep people poor. Rich people will say, just pay them the minimum “that’s all they need”. Today, parents are not supporting toward children, they tell you: “you need to grow up and be financially independent” and how do you want to live below your means if you need to pay for food, shelter and NOW education?
With medical bills in the US, is it not possible to go broke even if you are a millionaire?
That was hilarious!
Asking the question, how do we get through this difficult time of Trump economics.
THE MARKETS ARE AT AN ALL TIME HIGH.AND INFLATION IS UNDER 2%.
That was one of the dumbest comments I've ever heard you make.
Monk now have a very luxury life. Clubbing and woman and drinks. Cars. Big housess.
Being financially free is to not have to worry about money on most of the situations.
The point is, if you don´t have financial education, you will never reach it, regardless of how much you make.
I'm just curious, what were the circumstances in able to live off 1700 hundred a month. Before she retired did she own a house outright, did she have a car that was paid off, and where did she live? I can't even get a studio apartment for 1700 hundred where I live.
I’ve always shared this philosophy with many. There’s a mad battle between the ambition vs core needs. The tendency to upscale lifestyle is the worst. I my self struggle with this. But after not executing such decision I’m really greatful for the freedom I have where I can do more with my money than to live large and add materialistic wealth that will only add a mint of satisfaction and endless bloating of my ego.
Yeah free money and not working I’d be pretty happy too 😂
9:52 Experience isn't always the best teacher, wisdom is learning from the mistakes of others so you don't have to. Problem is, we have a lot of knowledgeable people who aren't wise. We've seen too many case studies to prove that money doesn't buy happiness, it definitely takes a depth of self awareness to believe it enough to act of their results instead of experiencing it yourself
That old woman had no more obligations left to do like providing for family, kids education and future.. young family of 4 can't be content and happy on $1700 a month 😅
Yawn
Ok probably we should also think in between the poorest and the richest 😂 like about the rest of us 😂
BS! Power bill and property taxes go higher and higher every year. 👎🏻☹️
You can have all the money in the world, you'll never be able to buy emotional maturity.
There was zero new information in this video
Same old “money doesn’t buy happiness “.
He def said truth about having a good savings
Expectation : be poor .. lol 😮
The most important thing I learned in my life is exactly what Morgan said, you have to figure it out for yourself. You have to determine what emotional and financial freedom means to you.
This is great advice! 🙌🏻
This guy just say $7800 a month is poor lol
very nice video. Thank you very much❤❤
Stop this man, The title is misleading.
And you are saying why people do not subscribe Just watch!! Because of this
Stop misleading title.