Intro Who is the fastest self-made billionaire ever?
While it took warren buffet 55 years to join the billionaires club, Jay Walker literally
did it in less than a year. He launched during the dot com bubble, and his net worth
instantly jumped from zero to billions. But that wasn’t sustainable because when
the bubble burst, his net worth crashed as well while Buffett is still on the top of
the list and he doesn’t seem to go anywhere anytime soon. Forbes cover
And that’s the kind of wealth you want to build.
The game of money isn’t easy, it’s tough, competitive and ruthless and if you don’t
know the rules, you are doomed to fail. The problem with most people is that, so they
might work hard their entire lives but end up poor at the end of the journey because
they don’t know how the game works, so if you want to find yourself on the other
side of the coin. You better master the rules. Number one. Money Does Grow On Trees. I am sure that many of you have been taught
the opposite but the reality is that if you don’t operate from this perspective, you
will forever be poor. You can’t trade your time for money your entire life, that’s
why you need to plant trees that will earn you money when you are not there.
Its not as easy as it sounds, Do you know how difficult it is to plant a tree,
first you need to plant the seed, but the seed is useless if it’s not planted in nutrient-rich
soil. The tree isn’t going to grow by itself,
you need to water it and take care of it and it’s definitely not going to grow overnight.
Some trees literally grow for 10-20 or even 30 years. 
But once it grows up, it will keep producing fruits with minimum effort. The same goes to assets, once you build up
a business or save up enough to make a good investment, it keeps generating income even
if you are not there. Because at some point you might get old, sick and you won’t be
able to sustain your job, so even if you are making 500 bucks an hour, you could get back
poor instantly if you haven’t planted enough trees in your garden. 2. Next, There is No Limit To how much you
can spend I remember, when I was living paycheck to
paycheck, I was on an extremely tied budget, I use to think that if I would be making even
slightly more than I do now, I will start investing, but what ended up happening is
that I just started spending more. In fact, when I started making multiple times more,
all that happened is, my expenses just kept getting higher and higher.
If you do not budget and discipline yourself to stick to a certain budget, you won’t
be able to save money to invest even if you make a hundred grand a month, there are infinite
ways you can spend that hundred grand. So, instead of constantly pushing that investing
line higher and higher, discipline yourself to stick to a smaller budget.
If Elon Musk could survive on a dollar a day In united states, you will definitely
survive with a few hundred dollars. Don’t get me wrong, Enjoy the money you earned
with your hard work, travel or do whatever you desire, but stick to a budget that’s
lower than your income because you have to acquire assets. 3. Number 3, Money is a lifelong game When I got serious about money and investing.
I have had this image in my mind that when I start making so and so, I won’t need to
stick to a specific budget and I will finally retire and enjoy the fruits of my hard work.
But all what happened when I started making that much is that I realized that’s not
enough and I have to make more. In fact, if you stop managing it, it will
stop generating income. Just because you purchased a house, you instantly won’t find tenants.
If you don’t take care of it, it might even turn into a liability.
The idea where you create an asset and literally do nothing is just nonsense. 
Even if you build a successful business, you will have competitors who will try to take
you down every single day. So forget the idea of retiring one day, of
course, you can automate some of your duties, decrease your working hours but in general,
this game never ends as long as you are living. and a clear example are worlds richest people
who continue to work even if they don’t have to. The next rule is probably the most important
lesson in this video. 4. Money won’t solve your insecurities We all have insecurities, and a lot of times
we buy that expensive car or move to a bigger house or buy a newer phone because we want
to be accepted or admired by society. That expensive car will make you feel good
for a week or two, but then it will become normal but your insecurity won’t go away
so you would want a better and more expensive car. It’s a never-ending cycle, that keeps
people who make a lot of money. If its acceptance you are seeking, then learn
how to better manage your emotions. The truth is that your insecurities will drain
down your bank account but will still stay there. 
Instead, improve your social skills, learn how to boost your confidence. I am not saying you shouldn’t buy an expensive
car or a private jet. Go ahead and buy whatever you desire but don’t do it to fill your
insecurity. They are better and cheaper ways to do that. 5. Number 5, Don’t let anyone know that you
have money. We love to brag about how much money we make.
At the end of the day, in the age of capitalism, that’s what defines your social status,
at least that’s how most people think, but the problem is that Money is like a magnet,
Suddenly people will be nice to you, everyone would want a piece of it. Of course, it will
make you feel good and respected but that will come at a price that’s not worth it.
And if they won’t be able to get it nicely, they will sue you and get it the hard way.
That’s the reality we live in. Even if you God forbid make a million dollar
a year, don’t let anyone know! Stay humble, don’t brag about it and keep making more. 6. Number 6, Greatest wealth transfers happen
during crises When The economy crushed in 2008, the unemployment
rate skyrocketed because the companies couldn’t keep paying the bills. Millions of people
became jobless, homeless and poor. However, some people aggressively began investing
and became much wealthier after the crises because the biggest transfers of wealth take
place in crises. If you are ready to grasp the opportunity,
you can become an overnight success. Remember Jay Walker whom we talked about at
the beginning of the video, who joined the billionaires club in under a year, took advantage
of the dot com bubble. Although his wealth wasn’t sustainable,
he still managed to keep hundreds of millions of dollars.
Another example is Mark Cuban, He even was said, you have been lucky to become a billionaire
because if it wasn’t for 1998 financial crisis, he wouldn’t be a billionaire, I have an
entire video about him, the link will be in the description. 
Instead of looking at financial crises as a hoax created by the government or the 1
percent to rip off the poor, take advantage it as they do.
Understand how the system works, study the past crises to understand how and why they
start and be ready to be on the receivable side when the next one takes place. 7. As you get elder, your expenses will grow. Have you realized that every single year, one
way or another you spend more and more? a hundred bucks was a lot of money back when
you were a teen, now it barely covers your gas bill. And as you get elder, your expenses
will just keep increasing. That’s the nature of our lives, especially if you start a family. 
Most people do not bother themselves about the future because they are making a decent
amount of money today, but when their expenses exceed their income they start complaining
that they don’t make enough to invest. P So if you do not make sure that your income
is increasing every year, soon you will trap yourself in paycheck to paycheck cycle that
will keep you poor for the rest of your life. And that’s why you have to take the next
rule extremely seriously. 8. Wealth accumulates overtime. As you can’t grow a tree overnight, you
can’t grow wealth overnight. Remember, the earlier you invest, the better.T
With the power of compounding, you can become rich with even a hundred dollars.
No wonder why Words greatest investor started investing
at the age of 11, what were you doing when you were 11. Here is a fun fact, you can make your grandchild
a millionaire just by investing 1160 dollars which is equal to a price of a new smartphone,
because in a hundred years, without a single additional investment, it will grow to over
a million dollar. You probably won’t live till then, but I am sure your grandchild will
be thankful. Let’s say he won’t be greedy and will keep
it for his grandson for another hundred years, it will grow to almost a billion dollars.
Of course, it’s pointless to wait for so long, but the earlier you start, the faster you
are going to reach to a position where you will be making enough to not worry about your
bills again. It took warren buffet 55 years to make his
first billion and just 3 years to make his second billion. In fact, he made 98 percent
of his fortune after his 55th birthday. Conclusion
Here you go, these are the 8 most important rules of money that you should keep in mind
if you want to get financially free. So, what is your favorite one out of these 8 rules?
Let me know in the comments below. And as always thanks for watching and until
next time.

100 thoughts on “The 8 RULES of MONEY

  1. Reason people say "money doesn't buy happiness" is because they're not genuinely happy people. These people don't appreciate what they're given, earn or what's available. They're looking for that fantasized frequency of happiness everlasting. Once they've achieved something great, they're looking for the next high. Their winnings become meaningless to them.

  2. Record your self playing my song an post it for me LA Will WillΒ  – Go get a bag πŸ’°

  3. money earned must be spent and savored on earth coz when you die which will surely happen its NO LONGER YOURS your greedy relative will grab it … just earn what you need and learn to share you blessings you cant drive , eat or drink money you need to spend it first …


  5. I recommend all of you to watch Graham Stephan on YouTube. He does a lot of videos on how to save and invest, there are countless other channels but I find him the best and gives it straight forward on how to grow your money exponentially

  6. Proactive thinker please reply to this-Can u share the link of the video in which u talk about never taking yourself seriously. U told if a person tells "u that u are very tall u reply with make sure i dont step on u".

  7. im thinking if the creator of this youtube channel is billionaire because they sgould be applying what they are teaching

  8. 8 is my favorite, save for the family. Longevity lifetime… Love this so helpful πŸ€”πŸ€”πŸ€—πŸ€—πŸ₯°πŸ₯°πŸ₯°

  9. I learnt the essential of investing, and i'm currently investing with Marilyn Su Thuyen, she has helped my investment grow from $178,000 to $642,000 within 3 months.

  10. The comment section in videos like this is great! I learn from the video then, i learn even more from reading the comments. πŸ™ŒπŸ’ͺ

  11. I think you need to add insurance. No matter how many investment you have the inevitable will happen like disability, sickness and death.

  12. I would honestly rather have people suck up to me and enjoy their company for a while than worry that they were "true friends." Yes, money buys better social company because people are attracted to success.

  13. money cant make itself …a man can have a million dollars and still be broke in time if he does not invest…that is why i urge people to try to look into stocks…it is more profitable than you think…if you have no experience or knowledge…Mrs Nancy Berman Epstein is the woman that makes it possible to earn from trading..i make 25,000USD monthly with her help… look her up for assistance

  14. Were lucky that in the next generation human resource are reducing = payrolls are reduced.
    Robots will take the job for
    And other intense human demand

  15. Best investment channel and the speaker is such a great person who doesnt care about showing up but share the strenght and knowledge .. highly appreciate it and see you on top!

  16. I invested in 3 stocks in 1988 just after the 1987 crash. I made a lot of money on those stocks and sold them to buy a motorcycle. Dumb ass! I thought about getting back in 2010! Dumb ass twice. I finally got back into the stock market in early 2016 at the age of 48. If you are 20 something please do not make this same mistake I did. Im glad I'm back in but the "what if" is torture.

  17. "There's no such thing as passive income, even "passive" income streams need to be managed"

    "Money won't solve your insecurities. If it's acceptance you're looking for, then learn to better manage your emotions!"

    This is actually really good advice and this video gets to the point with lot of truths. Good job, respect!

  18. Bull crap… "Don't let anyone know that you have money?" How the f..k you are going to make deals if everyone thinks that you are poor as f..k?

  19. people spend money they dont have to buy things they dont need to impress people they dont like.

  20. Why are you always talking about the money and get rich bullshits ? Or do you want to go to hell? Because that's where people who care about money will go to. Ask God.

  21. How to be a millionaire
    Step-1. Start robbing and you get killed
    Step-2. Start selling drugs and you still get killed
    Step-3. Start being a snitch and still you will be died
    Thnks all

  22. after having tried all the crappy systems finally a system that makes real moolah right here: just Google without spaces FunOnli neW o rk .c o m

  23. If your’re looking for a way to make money while passing the time
    Here are a few good places to visit and give half your attention to
    You’ll be making money by multi tasking

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