How to Properly Manage Your Money Like the Rich | Tom Ferry

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How to Properly Manage Your Money Like the Rich | Tom Ferry 4.5
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It's not about how much money you earn. It's what you do with the money that matters.

In this video, I'm going to show you a business strategy on how to manage your money. I'm not gonna tell you what to invest in. That's not my role. Here are the best ideas of what the best professionals do to manage their money.



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💬 Comments on the video
Author

I'll save you 20 minutes
50% Home
25% Savings
25% Invest

Author — Edward Pritchard

Author

Seems to me like the best way to get rich and make lots of money is to put on seminars telling people how to get rich and make lots of money. And if that doesn't pan out you can always write a book on some new weight loss miracle.

Author — daisy8luke

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Best Rule for Spending:
"If you can't buy it Twice, you can't afford it"

Author — Fuadarino

Author

This video was on my recommended pane. Watched the entire thing, but I didn't learn until several minutes in that this was directed toward real estate agents. It would've been nice to have something in the title about that.

Author — duwhall

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Hey bro like you said. I opened a company .
Now Kindly upload next video how to file bankruptcy

Author — William Colchester

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Rich vs. Poor
The most important difference is.
Rich: Invest
Poor: Consume

New York City currently has apartments worth millions of dollars. No one can live in them, except the rich. But even they don't live in them. So, you wanna know why they purchase them? Because they expect the values of those houses to increase within a couple of years when they sell them. While your iPhone, iPad, Samsung Galaxy S9 or whatever will for sure lose its value within the next couple of years, if you want to sell it.

Author — onee

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1. Spend less than what you earn
2. Invest into assets which generate income

Author — NDD

Author

So the magic trick is: Don't spend everything you get and save money. Wow, mind blown. Who would have thought?

Author — Christian Bohm

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The comments are always more funy than the video

Author — Nahomi Lopez

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Well for me i believe it's best to invest rather than just save and have your money lay around waiting to be spent. who else agrees with me??

Author — Jane Gillman

Author

Sleep paralysis, but its him saying 80% over and over.

Author — 200000 subs with no video

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*So much talking, but saying very little.*

Author — Ron

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These "CHECKS" you speak of, where can I find them?

Author — Shmuel ahron Harari

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when you don't have content but you are a public speaker

Author — Shreyas Pandya

Author

1 Rule to be rich, do not spend What you do not have.

Author — Santana Academy

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දැන් කරුණාකර බංකොලොත්භාවය ගොනු කරන්නේ කෙසේදැයි ඊළඟ වීඩියෝව උඩුගත කරන්න

Author — Jennifer D

Author

#1 Rule for having enough money.
Don't create more monthly debt than your monthly income.
No matter what your income class is, live within your means, refrain from being sucked in to the materialism whirl pool. Be an individualist, not a weak follower and you will be happier and have much less stress in life.

Author — 67NewEngland

Author

Turns out that the illusion of wealth doesn't actually indicate or lead to wealth for the vast majority of Americans. Live below your means, when you do spend money, make sure you are getting good value on purchases, and find contentedness and satisfaction in life outside of the car you drive, the house you live in, or the vacations you take.
-Personal Finance Professor

Author — Personal Finance Professor

Author

The hidden 1%: Create seminars and sell them for millions.

Author — ElementEvil

Author

How to make money:
Step 1: Create a conference called "How to Properly Manage Your Money Like the Rich" and charge big $
Step 2: There is no step 2

Author — The Deviant Developer