Why most rich people stay poor (and how to avoid it) скачать в хорошем качестве

Why most rich people stay poor (and how to avoid it)

Did you ever ask yourself how to invest money? Are you a Young Professional and wonder how you should save and invest your money? Are you not sure if the stock market is worth it or if you should just save the money? In this video I give you an introduction into investing. I cover the investing 101, talking about why it is so important to save and invest and what my first investments were. I discuss common stock investing strategies such as buy & hold, market portfolio theory and a simple ETF market portfolio consisting of 70% MSCI World and 30% MSCI Emerging Markets. To get started, Exchange Traded Funds (ETF) are a very suitable financial instrument to use. I am also talking about common investing mistakes that Young Professionals make. This includes falling for the trap of lifestyle inflation, as well as the phenomenon of high income, low net worth. In the video, I explain why net worth is the most important metric to track in the personal finance sphere and how you can measure your net worth. I am discussing the most common financial mistakes of people in their 20s and 30s. You will also learn why it is important to start early when investing. Learn how to invest in stocks and other personal finance basics, especially relevant for Young Professional investment. Disclaimer: I am not a finance professional and do not give investment advice. Investing can be risky and you might lose your money. Please do your own research before buying any financial product or conduct other investments. YOUNG PROFESSIONAL INVESTMENT - How to invest your money to increase your net worth 📈 START INVESTING WITH ETFs* Trade Republic (for Germans): https://link.firmlearning.com/tradere... WeBull (for U.S. citizens): https://link.firmlearning.com/webull You receive a free stock valued up to 1,600 USD when joining WeBull via this link. EDUCATION* Learn to make PowerPoint presentations like Top Management Consultants: "CEO-level Presentation Skills - Slide Writing for Consulting" https://link.firmlearning.com/slides Everything you need to know about Blockchain and Cryptocurrency: "The Complete Course on Blockchain and Bitcoin for 2019" https://link.firmlearning.com/blockchain Udacity - Learn the latest tech skills, great if you want to learn how to code without technical background (e.g., as a business student) https://link.firmlearning.com/udacity NEWSLETTER Sign-up to the Firm Learning e-mail newsletter to continue learning about Business and Management: https://link.firmlearning.com/e-mail GMAT PREPARATION* When I took the GMAT for my LSE Master and INSEAD MBA, I scored above 700 with only 3 weeks of studying. The Economist GMAT Tutor was a key component of my test preparation. If you are studying for GMAT, I can highly recommend it: https://link.firmlearning.com/gmat-tutor BOOK RECOMMENDATIONS* The Hard Thing About Hard Things - Ben Horrowitz https://amzn.to/3aYseE8 Extreme Ownership: How US Navy Seals Lead and Win - Jocko Willink https://amzn.to/3d32sAE The McKinsey Way - Ethan Rasiel https://amzn.to/38SQarl Influence: The Psychology of Persuasion - Robert Cialdini https://amzn.to/2wUI4Bd Incerto: Fooled by Randomness, The Black Swan etc. - Nassim Taleb https://amzn.to/38UhKUZ How a Diet can be a Game Changer in Life - Marie Mirrlees https://amzn.to/2MUyfIh AUDIOBOOKS* This is a link to the audiobook service Audible that I use every day. It helps me "read" 50+ books every year. The link gives you a free test month: https://link.firmlearning.com/audible SOCIAL MEDIA Instagram: https://link.firmlearning.com/instagram Facebook: https://link.firmlearning.com/facebook Links are Affiliate links. This means I receive a revenue share whenever a purchase is made via the link. The price for you stays the same. Please always do your own research when signing up with other services. I cannot be held liable for any misrepresentations or damages, except for gross negligence. Thank you for supporting my work at Firm Learning! All views expressed on this channel are private opinions of this channel's creator Heinrich. This is NOT an official channel of any consulting firm.