100 thoughts on “How to Properly Manage Your Money Like the Rich | Tom Ferry

  • October 19, 2019 at 1:20 am
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    what money lol xd

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  • October 19, 2019 at 3:45 am
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    Blind leading the blind…!! Why would you put money in a 529, stocks or retirement 401k type plan, especially if they are in real estate ? There is a better way. I suggest you read Becoming your own Banker by Nelson Nash.

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  • October 19, 2019 at 5:56 am
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    Another scammer.

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  • October 19, 2019 at 10:19 am
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    To save you 18 minutes. Basically cheating the tax system (legally) by setting up a company that "owns" your home and other assets & you write off against expenses to avoid paying your fair share of tax (which pays for hospitals, police, fire service etc). The rest of it is prudent financial planning. Set aside enough to pay for your bills, invest 10% in shares (in the UK use an ISA or SIPP), 10% for retirement, 10% to save to buy and house and only then spend what's left. Still doesn't help those whose income doesn't leave enough to pay for the first parts…

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  • October 19, 2019 at 4:36 pm
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    The 5% are NOT happier. Seer this into your brain so you don’t waste your life on the illusion that the grass is greener in the 5%.
    It’s very simple…

    50% home/expenses
    40% invest (real estate, 401k, market, etc)
    10% spend on enjoying life
    0% savings (dead money)

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  • October 19, 2019 at 6:44 pm
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    I make minimum wage… I don't have a business nor the finances to create one. Otherwise this would be fantastic. I do believe though you should separate your home expenses from your expenses you need to remain employed like car payments, gas, and uniform or miscellaneous supplies, and also paying off debt, then funneling whats left to budget home expenses.

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  • October 19, 2019 at 9:57 pm
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    I learned on 2 sperate ventures working directly with a wealthy men. Twice I have worked with a businessman that went from about ($500k annually) to $10-30 million annually. And here is the trick……

    Hire managers and ambitious employees who will operate the company as if it were their own, pay them an average salary and make them think they will eventually have a stake in the company. After a few years and those key employees realize they were suckers and wasted 60-90 hour work weeks on a salary (no performance pay) and have already train a business apprentice allow them to quit and repeat the process, and promote the apprentice to manager/ Director etc. The sucker already got the process established, roles in place, customers captured and the operation is now repeatable if employees quit. It is now turn key.

    I have seen this many times, and even experienced it. Its a common practice. That is why I started my own company. I am not rich, but I am far, FAR from broke.

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  • October 19, 2019 at 10:03 pm
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    It depends on supply demand brotha but good vid

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  • October 19, 2019 at 10:37 pm
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    Rule one: Become a member of the capitalist class, and exploit the working class' labour with the tool of money. Read "The Great Money Trick" if you're confused by that as a concept.
    Rule two: Own an offshore bank account with 5% interest, so that the general public will never see the fruits of their society.
    Done.

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  • October 20, 2019 at 11:00 pm
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    Cheques

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  • October 21, 2019 at 12:23 am
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    Content is pointless..

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  • October 21, 2019 at 6:13 am
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    Yeh my grandfather my mom's mom..
    Hell🤣

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  • October 21, 2019 at 9:32 am
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    Cheers for the video content! Apologies for butting in, I am interested in your thoughts. Have you heard the talk about – Proutklarton Enjoy Playing Plan (just google it)? It is a good one off guide for relieving back pain in just 16 minutes without the normal expense. Ive heard some pretty good things about it and my old buddy Taylor finally got astronomical success with it.

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  • October 21, 2019 at 6:01 pm
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    thank you brooo!

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  • October 21, 2019 at 7:19 pm
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    you have a way of shitting on me bro

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  • October 21, 2019 at 7:43 pm
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    let's do the math: 5% of $10K=500*12(months)=6k*10(years)=60k. so you can save sixty thousand towards buying your house. Still, after ten years, you need to borrow from the bank, and assuming you are middle class worker earning 120k a year, and provided you live frugally during this period, and also that you don't run into any emergency whatsoever. That's a really tough order to accomplish.

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  • October 21, 2019 at 9:17 pm
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    Of course Phil gerdes is in the audience

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  • October 23, 2019 at 2:41 am
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    https://www.youtube.com/user/LifeBlissFoundation

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  • October 23, 2019 at 3:29 am
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    It's all just about belief systems

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  • October 23, 2019 at 4:00 am
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    What is this businessman elitism..? e_e I'm a freakin' mechanic, not a chair-piloting CEO

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  • October 23, 2019 at 8:20 am
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    “🚨MONEY IS A TOOL, NOTHING MORE, NOTHING LESS”🚨

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  • October 24, 2019 at 7:48 pm
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    How to become rich ? By Teaching others how to become rich

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  • October 24, 2019 at 9:39 pm
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    💲🙌

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  • October 25, 2019 at 5:29 am
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    What did everyone think of the video's method?? Need Feedback PLEASE!!
    How to make money while you sleep:​@t​

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  • October 25, 2019 at 7:57 am
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    Literally everyone so far in my family have become destitute after retirement. Living in the smallest apartment, paying rent, walking or cycling long distances because they have no choice. That's my motivation; I don't want that. To imagine they "wasted" their years not investing, not building security, just sounds so wasteful.

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  • October 26, 2019 at 1:44 am
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    So I guess I have 3$ allocated to my business account

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  • October 26, 2019 at 7:06 am
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    Now im not a investor or stock broker. I'm a crew member. The things this guy has exemplified relates so much to me that I took a little bit of advice, and after a revival on interest I remembered I could earn and save more then what I do now. I'm gonna come back to this after a year and post my update by editing this comment🤔

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  • October 26, 2019 at 4:49 pm
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    I'm so glad I live in Sweden rather than the US when it comes to paying taxes. It's the simplest thing ever in Sweden. As a regular employee you just sign a pre-populated form, saying "yep, that's correct".

    PS: just talking about the tax forms. Not policy or tax rates.

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  • October 27, 2019 at 5:20 am
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    https://share.influencercash.co/register.php?referral=lewisandher2

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  • October 28, 2019 at 2:23 am
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    Least intellectually stimulating video on money management

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  • October 28, 2019 at 4:31 am
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    Weak.

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  • October 28, 2019 at 4:36 am
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    People watch this douche? No! absolutely you are not a financial advisor. A couple hundred a month and in 2 years you have $100 $200k. Yeah right. Bitch! agens make like $50 to $80k a year unless they're on million dollar listing.

    The wealthy have self directed IRA where they invest in real estate tax free. And also know about velocity banking. You're welcome go figure it out so you can use it on your next seminar instead of giving vague information. I want my time back God damn it!

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  • October 28, 2019 at 1:42 pm
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    Got rekt this year had to be just bad luck lol, I wanna go back on vacation

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  • October 30, 2019 at 2:27 am
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    Learn to attract Money https://youtu.be/XI5JJHVbtjM

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  • October 30, 2019 at 12:56 pm
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    Here is the deal young ppl. Invest in SWPPX (any amount $1+ and up). Expense ratio is only 0.02% (that's 2 cents per $100 per yr). Put $40 a wk into it and go on with your life & never increasing that amount. In 40 years you can supplement your income in retirement by $63,000 a year for LIFE and still leave your kids over $700,000 to fight over.

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  • October 30, 2019 at 10:36 pm
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    Hmmm let´s see … One part of your money gotta go to simple savings, other to taxes, other to house payment, other to household expenses, other to fun, other to invest on the stock market, other to colleage fund, other to invest on real estate, other to finance your business, and other to your retirement. Which assumes in the first place you gotta be making half a million a year or more in order to split all this money. So, how to be rich? Be rich in the first place. Lol.

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  • October 31, 2019 at 6:42 pm
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    Just know fotwhat you your money is spent….

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  • November 1, 2019 at 5:39 am
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    Bold of you to assume I make 360,000 a year

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  • November 1, 2019 at 2:39 pm
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    https://affiliate.iqoption.com/redir/?aff=138428&instrument=forex

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  • November 2, 2019 at 1:04 pm
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    I have to say I didn't learn much from this basic bullshit

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  • November 2, 2019 at 3:07 pm
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    Muh…nothing much new here.

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  • November 2, 2019 at 6:46 pm
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    great..,

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  • November 3, 2019 at 6:15 am
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    I ask for help my mother died of cancer, and I am starving and there is nothing to pay for utility bills, I go poorly myself, do not let me die of starvation, who can transfer as much as possible to the card 5398770068355871

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  • November 3, 2019 at 2:08 pm
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    Why don't they teach this at school??

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  • November 3, 2019 at 8:37 pm
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    Wasted almost 20mins listened to this crap. You can explain all that in one paper

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  • November 3, 2019 at 10:20 pm
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    Would anyone really hang out with this individual for 18. Minutes in the real world ?

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  • November 3, 2019 at 10:34 pm
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    waste of time

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  • November 4, 2019 at 4:47 am
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    sounds a lot like the plot of Rich Dad Poor Dad….

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  • November 4, 2019 at 12:25 pm
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    Big thanks to you sir.I have been wasting my money till today.

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  • November 4, 2019 at 1:19 pm
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    This guy is a schmuck 😒

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  • November 4, 2019 at 7:11 pm
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    Lot of people in this comment field gonna live and die being part of those 80%.

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  • November 4, 2019 at 8:02 pm
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    Check this out for developing motivation within you —–>https://uotesforlife.blogspot.com/

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  • November 4, 2019 at 11:43 pm
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    Once he said 10 grand I was out man I'm busting ass 80 plus hour weeks for like 3k a month Haha

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  • November 5, 2019 at 1:20 pm
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    If u get monthly salary u need to control yr spend otherwise u ,ll end up fall in

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  • November 5, 2019 at 8:57 pm
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    I am a student, i have gic in student advantage account,how can i split my account money

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  • November 5, 2019 at 11:22 pm
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    Excellent video. My wife practices the 3 account system. We are seeing the growth 5 years later. Being strict with your everyday expenses that are not geared to your growth. We now own 2 homes, have exotic toys, and everyday my coworkers do the math and just cant figure it out.

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  • November 6, 2019 at 1:54 pm
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    Maybe 80% of the world population…

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  • November 6, 2019 at 5:25 pm
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    So…. I am so new to this. I have no business. I'm 26. I have no idea what he's talking about but I want to learn. What I got was basically I need to invest. What the heck is a tax account? I just pay my taxes like everyone else.

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  • November 7, 2019 at 3:21 am
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    The only thing I learned is that nobody in this comment section, knows ANYTHING about money

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  • November 7, 2019 at 5:19 pm
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    This is a con thy are all paying him to lie to them

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  • November 8, 2019 at 3:01 pm
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    What a fucking click bait video.
    It never really stated it's for real estate agent, he started with his bullshit about his parent, and i thought it would be about how regular people should manage their cash.

    This guy is a joke. Is there really people who do not know what he stated.
    Not spent everything and make a budget?

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  • November 9, 2019 at 12:29 am
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    I like youw what happy dld no carry with to me

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  • November 9, 2019 at 8:17 pm
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    Everyone needs to incorporate?? What is the justification for that?

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  • November 10, 2019 at 11:20 am
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    tom ferry? like tom and jerry, that is so close XD is that your real name, I don't mean to be rule, I just thought it was a little funny. forgive me if it's your real name.

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  • November 10, 2019 at 5:30 pm
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    Wrote a book and become a motivational speaker where people pay you to talk. Done. Financially secure.

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  • November 10, 2019 at 8:30 pm
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    In Greece if you get a 10k check you are lucky if you get 3k.

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  • November 11, 2019 at 2:25 am
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    very good advise

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  • November 11, 2019 at 5:00 am
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    So much value. Thanks.

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  • November 11, 2019 at 7:05 am
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    How to earn respect from friends around.
    https://youtu.be/aeeBnNWtJac

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  • November 11, 2019 at 9:09 am
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    If you want to learn the true strategies on how the 1% manages their money, analyze your food when you buy it from McDonald, coffee cup when you buy it at Second Cup, shoes when you buy them from Walmart….etc .

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  • November 11, 2019 at 10:32 am
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    so thankful I am now able get my dream car all cause of this My C as hAt Ho me .c o m

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  • November 11, 2019 at 5:47 pm
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    Capitalist propaganda

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  • November 12, 2019 at 9:37 am
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    Free money free stock, awesome platform —who doesn’t like that!? $100 free when you sign up for Sofi invest with 1k deposit and my referral link https://www.sofi.com/share/invest/386838 they are a great platform that began with student loan refinancing and has since branched out into trading — they also allow you to buy fractional shares as well as crypto.

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  • November 12, 2019 at 11:35 pm
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    It's a good idea to make separate accounts because the banks FDIC insurance only covers 200k per each account so millionaires usually separate accounts and institutions to evade taxes and keep insurance.

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  • November 13, 2019 at 5:03 am
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    7 minutes into the video and still haven't heard the point of what he's sharing

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  • November 13, 2019 at 9:32 pm
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    Great video Tim
    To the point and very clear

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  • November 14, 2019 at 3:18 am
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    Forex trading has been the best way I have managed my money, and with the help of good account manager Mrs Michelle Philips ([email protected]) I have become very successful in the forex market.

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  • November 14, 2019 at 9:36 am
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    I see a lot of jokes about this video, but if you actually listen it's a very smart way to maintain wealth. All wealth is is knowing where your money is coming and going

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  • November 14, 2019 at 6:59 pm
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    Tom: If you know someone who doesn't have enough money lift your hand
    Me : Starts with myself

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  • November 15, 2019 at 6:27 am
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    What would you rather be when you die ? A poor man or a rich man ?

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  • November 15, 2019 at 9:15 am
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    Whats the point in the "Biz expanses" account?

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  • November 16, 2019 at 3:16 pm
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    Bullshit 50% Bullcrap 25% Bullballs 25%

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  • November 16, 2019 at 5:23 pm
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    🚨🚨🚨 BOOM! Love the content Tom! Keep showing people road map to help catapult their lives and grow into the people that they were created to be. Would love to have you on our Podcast at some point to share some knowledge with our audience.

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  • November 16, 2019 at 6:44 pm
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    When white people start talking about generational wealth I cringe cause I know it was off the backs of my people and that's bogus as hell cause I'm here learning lessons that my peoples efforts could've taught me via the same way they know 🤣😂😂😂 now I gotta try to sit here calmly like lowkey I'm not bitter about the shit but yo money is a tool

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  • November 16, 2019 at 8:19 pm
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    My dad's generation never had a card. He said if you have no money then no buying anything. Put all the notes inside the cabinet.

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  • November 17, 2019 at 7:35 am
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    We've created wealth like this. Some money goes to home expenses, some goes to investments, and some goes to "escrow" for taxes that will be due Apr 15th of the following year. I must admit though, our household gets money through a corporate job which is a steady check, a 401k, ESPP, HSA, and 529 accounts. I've had my own business and I've worked for corporate America and to put money away for investments is very difficult when you don't have a steady income and money comes in unpredictable chunks. I've created a whole lot more wealth working for corporate America than I did as an entrepreneur/small business owner. Being a small business owner requires a whole lot of discipline in a whole variety of ways.

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  • November 17, 2019 at 9:52 am
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    Others say, like Dan lok for example: take as muvh money out of your company as possible as a vampire
    If u reinvest too much at once u have nothing left to rebuilt or start over again at bad times. At least take out the money and reinvest on sth else too instead of loosing it by leaving it in one company

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  • November 17, 2019 at 3:19 pm
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    But no one tells how to invest.. could you please help us in investing..

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  • November 17, 2019 at 5:26 pm
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    Ferry keeps up the heat with continuous coaching, live events, and training seminars. The cost for all of this support is between approximately $7,000 and $27,500.

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  • November 17, 2019 at 11:26 pm
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    14:31 This reminds me of a C++ custom allocator.
    Basically, you assign a budget/memory size/resources for everything,
    and when you're running low on something, you will be able to know why.
    Otherwise you will look up and wonder, where all your resources went.
    I think the more interesting part is, how you divide your money among them.
    And those values are probably the most interesting part.

    But you can work out the balance, by looking where you have much more left than expected
    and ask yourself if you want to invest more into it or less.

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  • November 18, 2019 at 3:52 am
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    HAHA WHAT?! I think it’s 100% that “have to work to make money”

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  • November 20, 2019 at 1:07 am
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    https://record.axiaffiliates.com/_EtgF4_wjobWuqxJ1W5ErsWNd7ZgqdRLk/1 Become the new Warren Buffett. No time to waste!

    Reply
  • November 20, 2019 at 4:53 am
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    He says to open a business account. And tells everyone to? Now I’m presuming not everyone there is an entrepreneur; what are the rules on opening an account. Can I license an company and apply for one? Or does this need to be a legitimate business???

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  • November 20, 2019 at 9:17 am
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    Like tom said, it's not about how much money you make but about how you invest your money.
    You can build wealth by investing in yourself but also in others as well, for example i invest with a professional stock trader and i get paid monthly. A lot of you would know Mr Jordan Arnold, he's a verified investment adviser and one of the best traders i know. He helps me trade stocks in my brokerage account account and i get paid monthly, no less than $10,000 monthly.

    Reply
  • November 20, 2019 at 5:12 pm
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    Lovely video! The only program that earned me real caash from day 1 and works from anywhere look up in Google this with-out spaces GetP aidHo m e .c o m

    Reply
  • November 20, 2019 at 5:25 pm
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    Great stuff. Thanks for sharing anyway!

    https://youtu.be/CNPolTUuPYM

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  • November 21, 2019 at 12:34 am
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    Words of wisdom

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  • November 21, 2019 at 1:27 am
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    Tom, you are an idiot! Where do we first get the money to manage?

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  • November 21, 2019 at 2:41 am
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    my other mom owe me 5$

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  • November 21, 2019 at 4:42 am
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    Trash

    Reply

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