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This video covers the 4 key things everyone needs to know about when it comes to Creating Real Wealth in their life. I have taken elements of it out of Michael Kemp’s book, Creating Real Wealth. The four elements are Earn, Save, Invest & Spend Link to the book Creating Real Wealth: https://amzn.to/3pzE3Ir Join me on other social channels: Twitter: @SanjeeSen Instagram: @Sanjee_Investing TikTok (yes really): @Sanjeesen2020 A personal finance book EVERY AUSTRALIAN should read (Barefoot Investor): https://amzn.to/2T8QX1E My favourite habits book right now (Atomic Habits): https://amzn.to/2Hix5X8 Timestamps: 0:00 - Intro 1:04 - 4 Famous people 1:55 - Earning money 2:41 - Saving money 4:05 - Reframing saving money 6:01 - Saving money sucks 6:41 - Why we’re bad at saving 7:48 - How to invest your money 8:29 - Sir Issac Newton 9:10 - Misperceptions in investing 11:09 - How to spend your money 11:44 - True wealth is… 12:43 - Outro All B-Roll from: https://www.pexels.com (Free) Research article on savings ratio: https://www.nber.org/papers/w7521 My setup (Australian Amazon Affiliate links): Canon 80d camera and lens: https://amzn.to/2He8SS6 Rode mic: https://amzn.to/2TdeDBX Other videos you might be interested in: My video on Trading on CommSec: • CommSec Trading Tutorial: How to buy share... My video on ETFs in Australia (Vanguard, BetaShares, iShares, StateStreet): • ETFs in Australia: 4 ETFs to consider when... Nick Kendall’s (my friend’s) video on Buying shares on NAB Trade: • How To Buy Shares On ASX (Using NAB Trade) My Playlists: Personal Finance: • Personal Finance Investing: • Investing Useful links: Australian Government website on personal finances: https://moneysmart.gov.au Disclaimer: The information provided in this video is general in nature only and does not constitute personal financial advice. You should also consider seeking the advice of an investment advisor who holds an Australian financial services (AFS) licence or is a representative of an AFS licensee. Be sure to work with someone who understands your investment objectives and tolerance for risk. Your investment advisor should understand these products, be able to explain whether or how they fit with your objectives, and be willing to monitor your investment alongside you.