Personal finance: How to save, spend, and think rationally about money | Big Think Watch the newest video from Big Think: …
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Personal finance: How to save, spend, and think rationally about money | Big Think Watch the newest video from Big Think: …
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30 comments
What was your favorite personal finance tip from the video?
Thanks for the video!
You need to buy home appliances and insure them at a young age so when the time comes to move out of your parents home and you start off to rent a place of your own you already have these items. Meaning you don't have to take on debt but only rent to pay. Then you can start saving up for whatever because you didn't take on debt to buy things. The 2nd option is to work any job, study online and then work for bigger Companies.
So nice
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Now, I Just realized that the secret to making a million is saving for better trades. I always tell myself you don't need that new Maserati or that vacation just yet. That mindset helped me make more money trading. For example last year I Traded with 10k in Crypto and made about $146k,but guess what? I put it all back and traded again and now I am rounding up close to a million
FOR HAPPINESS I WOULD SAY HAPPINESS IS NOT REAL WHEN IT IS SHARED.
gosh the financial advisor bots are going crazy in this comments section
everyone need to approach financial health as a challenge and ease into it. It should not be terrifying.
Big mistakes of me is wasting money on things that don't bring back values. It is priced lesson.
Learned something new….I"m a Numerate person.
Also……I took Economics(2years) and Home-economics(1year) in Highschool. Don't they do this in the USA? You know teach how to budget, teach about proper diet, how to read ingredient labels. Washing labels for clothes……..etc.? Calculate prices by volume or weight. that a 3 for 2 deal isnt cheap if you only need 1. Because if you can't eat it on time you'll just have 3x the trash.
May be you can invest your savings in live stocks & other
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The comment section is absolutely exasperating: it is always the same scheme: someone making a comment, and then a few answers where some "advisor" appears. Be careful, people. Who would start a relationship of trust with such a deceptive strategy? Be safe.
Having money doesn’t necessarily make you happy but not having money will make you miserable
I had $150K in cash savings sitting in the bank with minimal gains, so I decided to invest in stocks after hearing about people profiting even during market crashes. However, my portfolio isn't performing as well. How should I invest at this point?
Great Video. I just sold a property in Portland and I'm thinking to put the cash in stocks, I know everyone is saying its ripe enough, but Is this a good time to buy stocks? How long until a full recovery? How are other people in the same market raking in over $450k gains within months, I'm really just confused at this point.
Wealth is built in both bull or bear market and also wealth transfers from the impatient to the patient. One of the best ways to succeed in crypto is by trading your assets with a good strategy….
It’s amazing really. We have a financial crisis, caused by greedy, reckless financial institutions. Congress passes legislation requiring those institutions to be less greedy and reckless. The institutions then lobby to have those restrictions removed, usually in the name of “remaining competitive”. This leads to another financial crisis. It’s completely predictable, and we have been doing this dance since the Great Depression almost 100 years ago.
Taking financial advice from those that are not financially successful is like taking health advice from a doctor who smokes…
What society makes everyone do things they are fearful of? Any society ever that makes people grow and change
Invest judiciously, keep a stop loss figure. Shuffle between debt and equity wherever the ratio goes too off your target. As for the target, I recommend a Ratio like this Debt % should be equal to your age in years. If you are 20, debt is 20%, reset in equity. If the market falls or rises drastically, your debt % will change, which you should rebalance to 20% and bring back equity to 80%. Thus you would have bought low or booked profit depending on if it was a crash or a bull run.
The market trend can turn around very quickly. In fact, the indexes often switch from a bear market to a bull market when the news is at its worst and the mood of investors is at its lowest point. I read an article of people that grossed profits up to $150k during this crash, what are the best stocks to buy now or put on a watchlist?
Nice
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Being fully rational on the choices to be made, for sure! 🤑
They are right, my conscious spending has definitely made me feel happier with my life, even if they aren't "experiences". I don't really agree that material purchases can't also make you happy to the same degree as experiences, but it is important to not spend mindlessly.
world is not rational, dont think rationally
They talk about “narrow framing” and if people thought bigger, they would make better decisions. My biggest fear when I was 6 years old was Earth being eaten by a being that just plucks planets out of solar systems like blueberries off a bush. What do I do when I think like this and just don’t care about money at all?