Young, Rich and Wise

Asset or Liability

Understand the difference between an asset and a liability The fundamental concept that can pave your way to financial success: understanding the crucial difference between assets and liabilities. Assets, such as real estate, businesses, and investments, have the power to put money in your pocket and appreciate in value over time, while liabilities, like boats […]

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The Greatest Investment in the World

An index fund is… In this powerful video, we reveal the life-changing impact of self-investment. Discover how mastering new skills, kick-starting a business, and fostering personal growth can transform your world. Your future self will thank you. Don’t miss this opportunity to invest in your greatest asset—YOU. Watch now and start your journey to a

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What is an index fund?

An index fund is… An index fund is a type of mutual fund or exchange-traded fund (ETF) designed to follow the performance of a specific market index, such as the S&P 500 or the NASDAQ. These funds aim to replicate the movements of the index they track, offering broad market exposure, low operating expenses, and

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One important thing

We get taught a lot of things, but how much are we taught about money? Compound interest is a powerful concept in personal finance, particularly when applied to saving a portion of your income, like 10%. The importance of compound interest lies in its ability to exponentially increase savings over time. When you save 10%

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What Multimillionaires Don’t Do

What do most multimillionaires try to avoid? Multimillionaires rarely keep large amounts of physical cash. Instead, they focus on maximizing the earning potential of their wealth. We’ll discuss how cash, while offering liquidity, often falls short in terms of growth, especially when compared to the potential returns from various investments like stocks, bonds, and real

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Should I Pay Off My Credit Card or Invest My Money? Are you caught in the eternal struggle of whether to pay off your credit card debt or invest your hard-earned money? Join us as we break down this age-old dilemma and guide you towards financial freedom.  In this video, Michels Family Corporation delves deep into the world of debt, differentiating between good and bad

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Automatically Become a Multi-Millionaire: Simple Financial Strategies

Are you ready to secure your financial future and become a multi-millionaire? In this video, we break down a simple, easy, and automatic method for achieving financial success, inspired by the book “The Automatic Millionaire” by David Bach. Many financial self-help books discuss the importance of wealth, but this one stands out for its specific

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Seven Dollars to Change Your Life

Unlocking Financial Prosperity: A Simple Change with Profound Impact Have you ever dreamt of achieving financial security and building wealth, all while continuing to enjoy the things that make you happy? There’s a video that offers a remarkable strategy to make this dream a reality. In just a few minutes, this video outlines a straightforward

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Simple and Effective Monthly Budgeting Secrets My monthly budget doesn’t need to be a complex 20-page Excel spreadsheet that only a mathematician can decipher. Yes, precision can be beneficial, but it doesn’t have to be that complicated. I’ve adopted the easy 10-10-80 system. I begin by calculating my monthly net income, which is what hits my bank account after taxes,

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10 Genius Things We Can Learn From Warren Buffett

What can we learn from Warren Buffett? This video includes 10 financial tips inspired by Warren Buffett’s principles for building wealth. The tips include avoiding losses, buying high-value assets at low prices, forming healthy money habits, avoiding debt (especially credit card debt), keeping cash reserves, investing in self, gaining financial literacy, using low-cost index funds

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