Watch This Video If You Want To Learn How To Actually Get Rich

"the way that our economic system works, we have we live in something called a capitalist system. And a capitalist system means there's two ways you can get paid. You can get paid from your labor... But no wealthy person talks about how much money they're making from their labor. They talk about how much money they're making from their assets, from what they own, from their capital. And interestingly, in a capitalist system, the way people build the most wealth is from their capital. Yet, most of us have never learned a thing about how to make money from our capital."

"You save 10% of your money, right? Yeah. So, a basic rule that I recommend or that I talk about, not that I recommend, is 751510, which says for every dollar that you earn from here on out. 75 cents is the maximum that you spend. 15 cents is the minimum that you invest. 10 cents is the minimum that you save."

"You can't just save your way to wealth. You're going to save your way to broke if you do that. ... if you want to become wealthy, it's not through your savings, it's through your investments, right? That's where your wealth is going to be built."

"And like you said with inflation and almost every currency in existence has failed. So you got to keep that in mind as well you know. Uh so my family is from India and in India they operate on rupees which is the the currency over there. And what's funny is you know I have rupees in my house and we would go to India transact with rupees come home and we'd keep some there. Then India is unique where on more than one occasion in the last in recent years they have demonetized certain currencies. Meaning let's say you have a,000 rupee note. The government comes out and says that 1,000 rupee note is now worthless."

"When you compare the growth of stocks or housing prices to savings accounts, there's a big difference. ... With more risk comes higher potential return. And I think the mistake that a lot of people make, especially when it comes to investing, is they have a very short time frame that they look at things. ... But investing is not a short-term game. If you want to be a successful investor, this is a long-term game, a multi-decade game."

"Yet over the last century, stock prices have risen, real estate prices have risen, business valuations have risen, and dollar valuation, the the value of the dollar has dropped."

"I invest my money in five places. ... I invest my money into my own business, Reefs Media, invest my money into real estate, rental properties. I invest my money into stocks. And then I have what I call more speculative which is invest my money into cryptos and invest my money into physical gold. So my speculative uh which you know I also have startups in there."

"And then real estate and stocks. U most of this is for cash flow purposes. I like investing for cash flow. Because that means I don't have to sell my investment to get paid. I can buy a property tomorrow and it'll be able to generate cash flow."

"Warren Buffett says it the best that the stock market is a device that transfers money from the impatient to the patient. The reason why so many people lose money when it comes to investing is because they're impatient. ... The money is built in patience."

"I love credit cards. ... I try to use a credit card for any spending purchase that I have to make. The reason why is because I never carry a balance. I pay off my credit card balance in full every month, every single month. And so what does that give me? It gives me cash back. It gives me perks. And it gives me rewards"

"Now, if you have credit card debt, you're using credit cards the wrong way. Right? If you have if you ever carry a credit card balance, you're using credit cards the wrong way. And you should cut up your credit cards, go listen to Dave Ramsey, and get out of credit card debt."

"YouTube is amazing. I love YouTube. But the problem, especially in the financial space on YouTube, is if your title of the video isn't very attractive, people are not going to click on it, right? And so in the financial space, that means ... this one that says, 'Is the stock market going to crash?' is going to get more clicks. And unfortunately, if you don't have an attractive title, your video is going to end up in the YouTube graveyard."

"So, that's when I really started to work on market briefs, which was this this financial newsletter where my team is breaking down what's happening, things in the economy, the stock market, the housing market, crypto, and the global economy to a fun, witty, and easy to read email. You can read it in less than five minutes every morning."

"If a 16-year-old can't understand it, it's too complicated. So, we try to just break things down in simple linguage so everybody can understand the money side of things because we all use money every single day, so you might as well understand it."