WEBVTT - 5 Personal Finance Tips for 2024

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<v Speaker 3>Five personal finance tips for twenty twenty four.

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<v Speaker 1>Number one, don't loan any money.

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<v Speaker 4>Number two, I would save forty to fifty percent of

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<v Speaker 4>your money. We don't know what's coming, something that's gonna

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<v Speaker 4>come eventually. Number three, you have to find a way

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<v Speaker 4>to invest at least twenty five percent of your income.

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<v Speaker 4>Number four, spend some time to invest capital to making

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<v Speaker 4>yourself better in one area of your life, whether it's investing,

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<v Speaker 4>whether it's AI or there's STEM.

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<v Speaker 1>I think that's really key.

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<v Speaker 4>And then I think number five, you have to find

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<v Speaker 4>ways to invest money into businesses outside of publicly traded

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<v Speaker 4>markets that are going to grow. So whether that's finding

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<v Speaker 4>a business to invest in that you believe in that

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<v Speaker 4>you see has growth, a friend, or project the idea.

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<v Speaker 4>I know back in the day they had like product

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<v Speaker 4>hunt where you can find things to invest in.

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<v Speaker 1>But I think the biggest one.

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<v Speaker 4>For me is like finding places to deploy capital outside

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<v Speaker 4>out of the public markets and being being very tight

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<v Speaker 4>on just give it out or handing out money.

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<v Speaker 1>When it's not earned and or deserve.

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<v Speaker 4>For sure, Like I did an interesting experiment this month, well,

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<v Speaker 4>like I didn't reply to any messages that were like

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<v Speaker 4>non revenue messages to ten PM.

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<v Speaker 1>Just flat out didn't reply. Cool like revenues up thirteen month,

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<v Speaker 1>Like we.

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<v Speaker 4>Have to pour our time and energy and efforts into

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<v Speaker 4>the right thing. And I think a lot of times,

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<v Speaker 4>as we grow and as we get established, because we

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<v Speaker 4>have success, we want to make the climb easier for

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<v Speaker 4>those of us behind us. But sometimes you don't understand

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<v Speaker 4>or appreciate the climb unless you went through it yourself.

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<v Speaker 4>So as you grow, you still have to have that

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<v Speaker 4>budget in mind that you're staying within. And I just

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<v Speaker 4>spend pervocusely and just and over accessibly in terms of helping.

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<v Speaker 1>So, but what about you?

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<v Speaker 5>I got it like a quick question, right, because we

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<v Speaker 5>always talk about two tech two index and so somebody

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<v Speaker 5>actually asked me this this weekend. They were like, yeah,

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<v Speaker 5>we always we talked about VGIVO as indexes. Right, total

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<v Speaker 5>market total sm P five hundred. Should people be looking

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<v Speaker 5>at under indexes as well? Maybe growth index or international

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<v Speaker 5>or I know you talk about bonds all the time,

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<v Speaker 5>but should they be investigating and doing the research on

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<v Speaker 5>those as well or to should they stick to the

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<v Speaker 5>total market in the SMP.

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<v Speaker 4>Join eaninvest dot com and get the true But you

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<v Speaker 4>can look at VUG. We went through this before. VUG

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<v Speaker 4>is one that you can look at that will give

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<v Speaker 4>you some exposure. VGT is there technology are so if

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<v Speaker 4>you want to higher growth international right now, wouldn't touch

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<v Speaker 4>there's too much. Even Buffet said it in this letter.

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<v Speaker 4>If there are not ten or fifteen international companies that

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<v Speaker 4>Berkshire will put their money into. Like there's a lot

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<v Speaker 4>going on that the issue in Russia and the concert

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<v Speaker 4>goalers happened over, like we're talking about what's going on

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<v Speaker 4>in Haiti in.

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<v Speaker 1>A little bit. There's some real risks out there once

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<v Speaker 1>you are invested internationally.

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<v Speaker 4>I still like Mercardi Lee Bray, but it's not that

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<v Speaker 4>many that I can just say, hey, this is the

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<v Speaker 4>index that I want to go in. Japan has been

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<v Speaker 4>doing great, but even they they were doing great because

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<v Speaker 4>they were still operating under a zero interest rate environment. China,

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<v Speaker 4>I still haven't seen jack Ma. So I will stay

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<v Speaker 4>away VUG v T I v G T V O

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<v Speaker 4>all and you'll be a okay. And the next time

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<v Speaker 4>I put up on the weekend too, I'm gonna be there.

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<v Speaker 1>I'm gonna be there.

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<v Speaker 4>Well yeah, well whatever weekend retirement party, you know what

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<v Speaker 4>I mean? People call like, y'all, see you guys in

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<v Speaker 4>here where you And I'm like, I'm at home.

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<v Speaker 1>It's retirement.

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<v Speaker 4>Well he's Jersey retirement, Jersey retirement. Yeah, Christmas to the

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<v Speaker 4>one who, uh he helped give me some credibility in

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<v Speaker 4>the crypto world when she was working at Yahoo.

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<v Speaker 1>About the call of bitcoin going to twenty thousand.

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<v Speaker 4>I know they love to say we've never talked about

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<v Speaker 4>crypto until this year, but Mike Novagrats is on and

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<v Speaker 4>let the record reflect. You know, it was called the

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<v Speaker 4>twenty eight and twenty thousand when it was a sixty.

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<v Speaker 3>So so let's let's do this before I guess comes on,

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<v Speaker 3>because we got a lot of topics to talk about.

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<v Speaker 3>Definitely want to talk about Nvidia and healthcare and then

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<v Speaker 3>Chipotle as well. But let's give you some educational tips

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<v Speaker 3>as far as books that people can can read to

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<v Speaker 3>enhance their knowledge base.

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<v Speaker 4>I talked about this in stock Club this past weekend.

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<v Speaker 4>But one is called Black Edge, very fascinating book on

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<v Speaker 4>how like the hedge fund hedge fund industry works. Number

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<v Speaker 4>two going back to the Conceito thing with Bruno Mars

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<v Speaker 4>a man for all markets. So the gentleman in a

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<v Speaker 4>book is one who worked in the casino industry and

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<v Speaker 4>then went over to the investing in brokers' industry.

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<v Speaker 1>And then the third book.

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<v Speaker 4>I would say it's tough because I want to mention money,

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<v Speaker 4>master the game. But I talked about this so much,

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<v Speaker 4>but I probably would go through any book from Mark

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<v Speaker 4>Douglas on trading psychology, and a great part about that

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<v Speaker 4>book is at every level, like if you're a beginning trader,

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<v Speaker 4>is going to help you, if your intermedia area is

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<v Speaker 4>going to help you. And then when you size up

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<v Speaker 4>and getting to a point where you're trading forty to

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<v Speaker 4>fifty contracts at the time, it's going to help your life.

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<v Speaker 4>And the book feels new every time that you read

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<v Speaker 4>it based on the level that you're at. So those

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<v Speaker 4>would you like my three recommendations for this quarter for

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<v Speaker 4>people to read to help them be a better trader

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<v Speaker 4>and better investor in this market.

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<v Speaker 1>I'm with you, I'm with you.

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<v Speaker 5>I think the mindset is the first thing is interesting

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<v Speaker 5>because we just had our book club yesterday shot everybody

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<v Speaker 5>that pulled up to book.

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<v Speaker 1>Club g was going on.

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<v Speaker 5>It was a masterpiece. And so I'll use We gave

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<v Speaker 5>out four books that that were interested in doing in

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<v Speaker 5>this quarter, and it really has to do with investing

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<v Speaker 5>in the mindset around investing. So find your Way by

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<v Speaker 5>Simon Sheck. Atomic Habits by James Clear and a great

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<v Speaker 5>with all time, all time classic. I mean, Blink by

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<v Speaker 5>Malcolm Gladwells is just an all time classic. If you

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<v Speaker 5>haven't read it, please please add that to your your

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<v Speaker 5>your reading digest, added to your library, put it on audiobook.

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<v Speaker 5>Blink is an incredible one. And then I personally went

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<v Speaker 5>back recently and read The Color of Money again. I

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<v Speaker 5>just think you always have to, yeah, just just to

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<v Speaker 5>sometimes as we're navigating through this, you want to make

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<v Speaker 5>sure that you have a historical landscape of how we

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<v Speaker 5>got to this point because you meet people every day

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<v Speaker 5>that are just at different levels of their financial journey

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<v Speaker 5>from the trauma into the thravele mode. We allls talk

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<v Speaker 5>about survival morale mode. So having that mindset, but understanding

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<v Speaker 5>from a historical standpoint, well, why we got here, how

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<v Speaker 5>we got here, I.

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<v Speaker 1>Think it is important.

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<v Speaker 5>So those are like four right now that definitely we're

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<v Speaker 5>going to be talking about, So you should add it

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<v Speaker 5>to your list as well.

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<v Speaker 6>An illegal alien from Guatemala charged with raping a child

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<v Speaker 6>in Massachusetts. An MS thirteen gang member from Al Salvador

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<v Speaker 6>accused of murdering a Texas man of Venezuelan charged with

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<v Speaker 6>filming and selling child pornography in Michigan. These are just

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<v Speaker 6>some of the heinous migrant criminals caught because of President

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<v Speaker 6>Donald J. Trump's leadership. I'm Christy Noman, the United States

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<v Speaker 6>Secretary of Homeland Security. Under President Trump, attempted illegal border

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<v Speaker 6>crossings are at the lowest levels ever recorded, and over

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<v Speaker 6>one hundred thousand illegal aliens have been arrested. If you

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<v Speaker 6>are here illegally, your next you will be fine nearly

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<v Speaker 6>one thousand dollars a day, imprisoned and deported, you will

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<v Speaker 6>never return. But if you register using our CBP home

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<v Speaker 6>app and leave now, you could be allowed to return legally.

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<v Speaker 6>Do what's right. Leave now. Under President Trump, America's laws,

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<v Speaker 6>border and families will be protected.

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<v Speaker 1>Sponsored by the United States Department of Homeland Security.