10 Life & Money Lessons From Costco
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Published 2024-06-24
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Timecodes:
0:00 - Intro
0:39 - Slow, Sustainable Growth
2:20 - Embrace Simple
3:35 - Strong Cash Position
5:01 - Try Aura
7:06 - Embrace Modesty
8:32 - Maintain Minimal Overhead
9:49 - Know Your Enough
11:08 - FREE 1-Page PDF
11:22 - Every Cent Matters
12:02 - Honesty
13:22 - Respect
14:37 - Not Afraid To DIY
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DISCLAIMER: I am not a financial adviser. These videos are for educational and entertainment purposes only. I am merely sharing my personal opinion. Please seek professional help when needed.
All Comments (21)
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I worked at Costco while i went to college back in 2010, they are flexible to your school schedule and pay 1.5 times your pay on sunday shifts. Made good money for a college student. After 4 years, i made 29 dollars an hour and around 42 dollars for sundays. With school, my hours ranged from 15 to 32 hours depending on how many Classes i signed up for. Only downside is that it can be a demanding job depending on your building and position. Recommend Costco to any college students or people who work retail
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Someone said that it's time to be concerned when you start to see individuals shoplifting groceries rather than big-screen televisions, and i agree. Truth is, inflation will never reach 2% ever again, maybe in the next life, but not this one. Anyone purchasing groceries and gasoline is aware that real inflation is much over 10%; they simply lie about it like cheap blankets. In reality, interest rates would be in the 20s because of how high inflation is. But then despite the severe bear market, I am aware of certain investors that continue to earn over $365,000. Wish I could accomplish that.
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Costco: please make a commercial for customers, shareholders and employees all in one video. Kim: here
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Great video, thank you! I go to Costco every week and that chicken is a huge staple in my household. It was awesome to learn more about how they operate! Also love all of your other content too- very on point! Keep it up! 😃
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This is a great change of pace for the content on the channel! I always tune in for the ‘core’ of personal growth, but I’m sure there are others like me heavily involved in management/upper management in a business that appreciate the insight into businesses doing long term growth correctly!
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Love this channel. Just simple, no BS yet insightful information. Keep it up Tae!
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Outstanding video, Tae! Appreciate your wisdom!
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I got a lot of value from this! Please do more videos like this!
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I love Costco! And yes, it was an instant click to watch when I saw Costco. 😊
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This has been very very insightful, new found respect for costco
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My costco stock is up 43% since I got it. I looked into it more after charlie munger said he liked it so much. The financials look pretty good. I wouldn’t put all my money in one stock but I’m glad I picked up a handful of shares. Thanks for sharing about one of the businesses I own a piece of.
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I love Costcos for everyday supplies. They make money from the membership fees and we get this paid for from rewards and generous cash backs. I don’t eat there though cuz I eat very healthy. Really good vlog on Costco business ethics and philosophy. Best Brick & Mortar ever!
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Great video Tae.
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Having seen a lot of your videos, I noticed there are a LOT of common lessons. But that's a great thing, you only need to remember and practice a handful of things. I enjoyed this one on Costco a lot because it shows these lessons work on all level of scale from personal to enterprise. I didn't know a lot of these behind the scenes about Costco even though I enjoy it as a member! And I liked your idea to shed light on how companies practice slow sustainable growth and look out for their people. We could all benefit from companies that operate like Costco
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how do you not have over a million subscribers?? this is one of my favorite channels!
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Thank you for the video ❤
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Excellent video. Totally agree Costco is not only a fabulous company, it’s an even better investment.
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Tae Kim’s channel is a diamond in the rough
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Amazing!!