21 Money Lessons I Wish I Knew Earlier
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Published 2024-04-08
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Let's go over the 21 Money Lessons You Should Know in order to get rich. I think everyone should know these, and they are a compilation of all the best wisdom I have for you. I hope you enjoy, and let me know what you think down below in the comments.
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WHO AM I?
Hello 👋 I’m Humphrey, I used to be a financial advisor, worked in gaming/tech, and started my own eCommerce business. I make practical, rational content on investing, personal finance, the news, and much more with a data-backed approach. My goal is to help you with financial literacy and creating wealth.
PS: I am no longer a current Financial Advisor, any investment commentary are my opinions only. Some of the links in this description are affiliate links that I do receive a commission for & they help support the channel!
⏱️ Timestamps:
0:00 - Start Here
0:10 - Looks Aren’t Everything
1:22 - Compounding Makes You Rich
2:20 - Lump Sum Splurge
3:40 - Affordability
4:24 - Look for a CFP
5:37 - Don’t Fly First Class
6:34 - Credit Utilization
7:09 - Never Carry A Balance
7:37 - Buy Some Bitcoin
7:48 - Know How Much is Enough
8:49 - 401(k) Match
9:17 - Automate Your Savings
10:07 - Expense Ratios
10:44 - Making Money is a Muscle
11:31 - Surround Yourself with Driven People
12:15 - Diversification
13:04 - Leverage is Needed
14:08 - Invest Early
14:41 - Filter Financial Advice
15:05 - Capital Preservation
15:48 - Tra
All Comments (21)
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What was your favorite lesson today? Let me know by dropping a comment - and subscribe to the channel 👀
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Our economy is afflicted by uncertainty, housing troubles, foreclosures, global shifts, and the aftermath of the epidemic, all of which contribute to instability. To restore stability and drive growth, all sectors must urgently address rising inflation, slowing GDP, and trade disruptions.
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Wow, that Bitcoin point was unexpected on a financial channel
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Yeah, being an Asian, I have to agree with American financial mentality is different. When my co-worker gets their bonus: I can buy that xyz I been eyeing. Yay! When I get my bonus: I can retire another year early. Yay!
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My most important money rule is Never Put All Your Eggs In One Basket. As a 9-5er, I made more than twice my income last year from only stocks and freelance developing. I also experiment with a couple of other things. It's way harder to make money plans when it's coming from just a source No Matter How Well It Pays.
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Humphrey is a very smart man. I absolutely love his advise. So much wisdom. This is the man to listen too.
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That 401k match is no joke. Over the years with my employer, their matching constitutes a significant portion of my net worth (well into six figures of free money)
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Bro rly snuck in “buy bitcoin lol” thinking we wouldn’t notice
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Hey Humphrey! Enjoy watching and learning from you!
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1:06 greatest designer cloth guy of ALL TIME
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I really liked the information, but also the editing of this video! 🙂
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Great stuff! Bookmarked for the next issue of Sunday Money!
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#4- best ever. Definitely need to watch that lifestyle creep.
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Hello! Found you through your collab in George Kamel’s channel and I’m currently binging through all your content! My favorite lesson is #4! Because of my high paying job, lifestyle creep has definitely affected me, so knowing that just because I know I may enough money to splurge on stuff, doesn’t mean I should because it hinders my long term goals like buying a house! Thank you so much for making fun, informative content! ❤
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Fantastic video, very valuable content and to the point. Thank you!
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Always appreciate your content! Much love from Shanghai!
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Very wise advices from you...thank you!
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Content’s been on a heater lately I see you bossman
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Great vid Humphrey!
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General comment: Discord did not take me to your channel on the invite initially. Not sure why, but after several attempts, and for an unknown reason, it suddenly worked. Just so’s ya’ know……..loved the video by the way. Very to the point. Too late for me. I have already learned these lessons the hard way. At 70, I’m in a different phase compared to anyone pre-retirement but most of these hold true at any age.
