How To Get Rich
2024 ж. 13 Сәу.
230 469 Рет қаралды
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Performed by Gary Stevenson
@garyseconomics
“How do you get rich? You get rich by working together” now that’s a great quote and tells a story about individualism and how it’s made us forget the strength of community like a form of depoliticisation.
Perhaps why A.Raynor is being attacked so much in the media ATM 😔
@@rossdavison6526 she calls for transparency for MPs all the time. She should be open.
@@rossdavison6526 it absolutely is, this came from “Lord” Ashcroft paying people to dig as much dirt on Rayner as they could and this was the best they could come up with, technicalities that you or I would do our best to avoid paying tax on if we technically could because that is the only opportunity most people have to make that sort of money their entire lives and it gives them a level of financial security they could never dream of. But Lord Ashcroft makes himself a dual British-Belize national to avoid paying over £100,000,000 in tax and gets to take the moral high ground because what he did is legal. And becomes a Lord by giving huge donations to a political party, pays people to write unofficial biographies on his political enemies that the Conservative client press ran by other none doms with similar tax histories promote relentlessly. The game isn’t just rigged, it’s rigged to levels of absurdity that are difficult to comprehend.
So true
@@rossdavison6526 it absolutely is, the story came from research Lord Ashcroft paid for, a man who made himself a dual national to avoid over a 100 million in tax. The game isn’t just rigged it’s rigged to levels of absurdity difficult to comprehend.
I’m already rich, I’ve got a wife and two kids and we are all healthy. The outdoors is all the happiness you need. Keep it simple and life is amazing.
you are "rich" when you live the life you want to live
Yes, those things are things people will say we’re lucky to have. Wouldn’t be able to do it without money, and prices are going up because of the rich. This kind of emotional wealth you have is now much more difficult to get together
The outdoors is the thing that people with money want to buy off you. Be diligent and don't sell out.
“Live your life abundantly”, as the saying goes. “Think abundantly and you will have abundance”. So, whether that’s true or not is academic. But what I find interesting is that most of those who have made a lot of money are no happier than those of us without.
Do you resent those who chase money and financial wealth and think they should be taxed more?
Recently bought some recommended stocks and now they are just penny stocks. There seems to be more negative portfolios in the last 3rd half of 2023 with markets tumbling, soaring inflation, and banks going out of business. My concern is how can the rapid interest-rate hike be of favor to a value investor, or is it better avoiding stocks for a while?
Just "buy the dip". In the long term it will payoff. High interest rates usually mean lower stock prices, however investors should be cautious of the bull run, its best you connect with a well-qualified adviser to meet your growth goals and avoid blunder
The truth is that this is really not as difficult as many people presume it to be. It requires a certain level of diligence, no doubt, which is something ordinary investors lack, and so a financial advisor often comes in very handy. My friend just pulled in more than $84k last month alone from his investment with his advisor. That is how people are able to make such huge profits in the market
nice! once you hit a big milestone, the next comes easier.. who is your advisor please, if you don't mind me asking?
She's Sophia Elaine. One of the finest portfolio managers in the field.
she's mostly on Telegrams, using the verified user name.
The fact that nobody talks about the forbidden book Dorkscare money speaks volumes about how people are stuck in a trance
Note: this is A SCAM by a bot, be careful!
@@benjaminfreitag9231 hahaahhaahhaha bot cant reply to your comment ??
I love the honest answer to the "How can I get rich" question. Most other people would be pushing a book or a training course. you're a breath of fresh air.
Felix Dennis did the book. He’s dead now. It was an interesting read. But ask yourself, “What is rich?” That’s the question you really need to think about. Lesson 1:- Money doesn’t make you happy (well, it does for about the first year apparently). That old adage “The best things in life are free” is very true. Go and take another look at Maslow’s hierarchy of needs.
A lot of people make a lot of money selling the dream of being able to get rich to people. The world is not without its irony.
@@dicerevo Grant Schapps being a classic case in point, or should that be Micheal I'm never really sure who he is these days.
Not sure I agree with everything but What a breath of fresh air in this self promoting, tik tok/instagram obsessed time we live in. A lot of people are pretending to be rich nowadays also.
Gary is pushing his book, don’t kid your self
I’d like to add: Ignore the culture wars, if you’re angry at immigrants, woke and trans people, you’re fighting the wrong battle - it’s ALWAYS been a class war
THIS ❤
Exactly. Private schools do not enforce racial divisions, they maintain class segregation
💯
profoundly stupid
Except that immigration itself is also class warfare.
I came to this video after our first home purchase fell through due to the seller backing out to rent the property instead. After searching for a year and a half I’ve realised there is nothing out there that I can afford and my financial state and career has left me in despair. This video made me feel more depressed but it was the slap in the face with reality that I needed. By you saying that my lack of success is not a measure of my intelligence or my work ethic did Improve my self esteem for which I am thankful for. Keep doing what you are doing man, you are a shining beacon in the dark sea of bullshit, and it’s about time we had someone who can give us guidance like you have.
The Feds are planning on dropping interest rates three times this year. You never know when the house that is right for you will be on the market. Save, watch, and wait.
Probably spend less time writing essays on KZhead mate
I used to trade in FX. I lost all of my money multiple times and I figured it out! I learned programming and got a job as a software developer!!! 😂
YeAH fx TRADING IS b*s*. i TRIED TO TELL PEOPLE NOT TO DO IT.
At what age?
Why did you stop Fx trading
My favourite advice story is this: I was trading, and making a bit of money doing it around the GFC. There was lots of stock available, and discounted share sales etc. A friend asked me for advice. I was hesitant, but I said "here's a mining services stock. It's a shitty company and 50/50 chance of going bankrupt, so do the smallest bet possible and assume the money is already gone, but it could go up a lot." Well the friend bought in. Then the price went up 20X. A few years later the friend said "I've got a bone to pick with you, the stock you recommended went bankrupt!" I replied with "so you didn't sell in the several years that it was 20X?" Even when you give Nostradamus-level advice, you are on the hook for the bad and never the good. Don't give advice unless it's "Don't trade. If you are asking for advice, you are going to fuck it up."
They don't understand that they don't have any profits until they cash the shares in. They should have sold 90% of the shares and bought gold...
Cash in as it goes up , start with taking your original capital to take out and then set levels to diversify into other areas if you don’t need the cash . You have to have the mindset as it’s all just paper profit in meantime …
same thing happened with my brother. He lost 60K in bitcoin in the last few years and when I asked him why didn't he sell when it was very high, he told me "I'm in it until the end". I still to this day don't comprehend his mentality or what he meant. I think and I could be dead wrong here, they don't care about a 10X profit which my brother was at, or a 20X or a 30X. They're in it until they're rich rich.. They don't view it as an investment, they view it as a lottery type of thing.
Sounds like Tesla. It was $50 for the longest time, then went to almost $2k. Well, if you didn't sell at that point...
@@ciararespect4296 so you now have a quarter of a billion dollars and spend your time telling people in KZhead comment threads?
we have lost so many smart people to the finance sector, gambling on made up stock prices. Imagine if all the maths whizz's like yourself had entered into the tech and engineering sectors. I reckon we as a country would be much better off now. Love your channel, I have learnt so much. Thank you
I started out in engineering. Ended up working for banks before I started making real money. Just wrong.
This is why we haven't really progressed since the 60s. We had the illusion of progress driven by the rapid incremental improvements in IT, however that's now very much in a stage of diminished returns for most peoples needs/uses. The trajectory of IT was set on its way long before and the silicone chip, the LED and a whole bunch of now ubiquitous composite materials were all arrived at in the 50/60s. We taxed excess wealth properly after ww2 of course.
Yeah, I'm an engineer. I know if I had wanted to make a lot of money I'd have done so much better switching into the finance sector, but I love engineering. But with the youngsters coming up it's even more the case, and we're losing even those who love engineering. The difference in income is just insane.
@@ericritchie6783so many people in the world right now, esp. even in the tech sector, think the opposite of this, it's scary. being ignorant of history does a number to your perception of reality.
@@Elspm oh you're a martyr now? why didn't you become a footballer, difference is even greater for kicking a ball for 90minutes a week.
What I realised during my life is that most of the people don't understand that being reach dosen't mean to have loads of money, but to be healthy, have a family, trusted people around you, being able to travel, hobby, leave in a country free of violence, hate and war... I don't have TV since 2006, I don't do social media... Maybe this is why being rich means something different to me.
Agree with you except you are using KZhead, social media.
You have time to edit out the social media sentence or just delete the whole comment because we both know its lies.
@@OneLessCar Came on to say that :P
I hear ya ❤
Yes but to have those things comfortably you need to be rich.
I was advised to diversify my portfolio among several assets such as stocks and bonds since this can protect my portfolio for retirement. I'm seeking to invest $200K across markets but don't know where to start.
I thought about investing in the real estate market, I heard that people make millions , but I lack good knowledge and a strategy to outperform the market and generate good yields. I have $460,000 but it's hard to bite the bullet and do it. Money is hard to come by
TRUMP 2024
Biden spoilt the real estate market
Having an FA is the best way to go. Based on a direct encounter with a CFP named Julia Hope Marble I can say with certainty that their skills are excellent. She helped raise over 580,000 in 18 months from an initially stagnant portfolio of 150,000
Fantastic! Can you share more details?
i've known this all my life, but never heard anyone else articulate it. thanks
If you want to get rich, build a brand, there has never been more opportunity than now. It isn't impossible to be rich.
You nailed it with the comment around ‘it’s not living in relative ‘poverty’ it’s the judgement that’s the problem’. Spot on. The internet has told everyone they should be living in big houses and driving flash cars otherwise you’re a failure. We can no longer be happy working in the ‘factory’ because we should all be millionaire KZheadrs or bankers. It needs to stop. Another example of social media killing society
Yes indeed, happier with less.
Yes, but you can't buy a small house working in a factory and most people won't get any real sense of meaning and more from that job
Yes and no. Economic realities don't lie. If wages had kept up with inflation over the last few decades, nobody would be complaining. But they haven't have they? And the rules of the game are rigged very much against those without wealth. So, this ennui and alienation is nothing new, and social media is just another medium for selling the lies. Used to be the TV, the newspapers, and novels. We've just been through the biggest wealth transfer in history, and poverty is increasing up the wage distribution from the bottom up. And AI is being setup to cull the white collar jobs we were told to aspire to. And that's the reality. Time to see clearly, and drop the delusions.
But there are no shitty tiny apartments available, unless you're willing to pay as much as you have to pay for a big house.
So be happy with your lot in life? Know your place?! Whatever dude, you go for it, you stay safe believing that
I recommend everyone to find the forbidden book titled The Hidden Truths Of Wealth, it goes deep into all of this, and it changed my life
Where did you find it?
Where can i find that book?
Borlest ( I found it there )
Are you flogging your book ?
@@kuryo193 nah, read third reply, i wrote where you can find book.
That’s is the societal divide explained in the most understandable coherent way I’ve ever heard. If WE as working people don’t change the political system then nothing will ever change. It hasn’t for centuries or even for ever. Find the information, inform anyone and everyone you can, then hold the politicians and the super rich accountable.
So glad that you ended with the message about working together to change the system. I’ll happily be part of the ongoing collective action. Really feeling the power of The Woolly Hat of Wisdom today 😁
Collective successful mutualist cooperative companies can have comfortable income levels
Absolutely right, the game is fixed. True social mobility is (by and large) a fallacy. My daughter spends almost 70% to 75% of her income on basics, room in a shared house, groceries and travel to work (NHS). Without free accomodation (i.e. live at home) she will forever live in a room in a shared house and having a family is a distant dream. So, go Gary. We need your channel and your focus. Thank you!
Leaving your parents home to live by yourself in your own house/flat is a relatively new thing though, isn't it?
@@lukemclellan2141 yes, since the key latch kids. The problems we have today all lead back to the boomers and how they treated their children... and ironically boomers are now the ones with all the wealth today.
@@lukemclellan2141what do you mean? A long time ago I spoke to work colleagues who are in their late 50s and they all bought their first flat or home in their early 20s which was in the late 1980s. Interest rates were high like 8% to 14% but it was all affordable. Also they had an average salary in administration at the time.
@@lukemclellan2141 yeah, but in a time where we basically have such an abundance of material and technological and energy going on (think being able to build a replica of Paris 1-1 and leaving it empty for reasons) - there is no reason to accept the past way of life (being a technologically blessed serf for your richer betters) as the way it should be.
We are not rich but compared to most people in the country you might say we were. We do have sufficient money to be able to help three kids buy a house so we are very grateful for that. I do know how fortunate we, and they, are and that it is a horrendous life that must people live.
Fantastic insights and a welcome change hearing a young economist speak. I am 60 and you are absolutely correct, though I do not know what constitutes rich these days, I say to my daughter if you set out to be rich in anything you will likely fail as your motivation is too narrow. Aim to be successful at something aiming for excellence in that field, and be patient. Very few people from a poor background who set out solely to be rich succeed ( you can have moments when you feel that way ). Luck plays its part, but the success part is usually incremental which is where a level of patience is required
"What should I do to get rich?" ... discover what your strengths and natural gifts are, and then exploit those. "Will I make money trading FX" ... No. I said that to somebody very recently. The caveat is that it may be one of your natural gifts, but that is unlikely. Gary, I like your blunt and straight-forward approach. Thanks
Agree professional traders have terminals delivering real time feeds and data and they have learned to put all that real time info into good decisions.Trying to replicate that at home is difficult without having been a professional trader. We need better open source information platforms
"What am I doing wrong?" "You had the wrong parents. You shouldnt have done that" Gary you have a way with words
It's true but not exactly helpful! My parents were poor but I managed to become financially independent by the time I retired at 56. Invest in index trackers and BTL properties is my advise. See my comment higher up for more info.
😂😂 brilliant
It was sarcasm I presume and adds to the argument that it’s not your fault that you find it difficult to get rich these days.
@@anetapostek9833 I think they realise.
Poetic injustice 😜
"You're trading against me!" is one of the clearest warnings I have ever heard.
Just invest in a low cost index tracker fund and you probably will beat Gary over a ten year period. Most (90-95%) trader types do not better the market and charge a fortune for achieving nothing. This was the advice Warren Buffet, gave years ago and he has been proved right.
@@philipjamesparsons Yes, this was Buffet and Munger's advice. They said only the top 5% of traders can beat the market. Guess what Gary is...
@@duxnihilo He thinks he is a top 5% trader beating the market. Well that's what he thinks; they all do. Trader = gambler with a system. Gary is a pied piper. I would not follow him. Do not believe him that you cannot make wealth for yourself via career and investment.
@@duxnihilo He is suggesting he is one of the 5%. 100% of traders fall into that category.
I immediately remembered an advertisement I saw for a trading app where rather than making trades yourself you can pick another user of the app who believe to be a successful trader and the app will follow their trades. On the surface seems good but it will always lag their trades so you’re likely always going to buy for a little more than they paid and sell for a little less. Not good if they are trading volume for marginal gains.
The Nazi party only had to convince 10% of the people that they should go to war..the rest followed.The moral of the story is education critical thinking and a genuine love for our fellow man.Kindness is a currency that is becoming a rare comodity and its far more precious than diamonds.Great channel.
You are so dumb to use the national socialist German workers party as an example in this conversation. They made everybody rich and didn't give all the money to private bankers and instead it went to the people. We lost that war. The people who won have done this to us not Hitler
Many parts of Germany had been occupied and taken from them after WW1. Its was just common sense to want to take them back.
Kindness is also misunderstood as weakness and people take advantage.
Talking about the Nazi party is cliche. Why is your country sending weapons to a genocidal regime? Why is mine?
@@aluisious not interested mate I’m poor. Who gives a shit. Nobody remembers that lad that burned himself nobody even remembers his name without the power of Google. That world is one putrid bag of shat and nobody cares.
Love this message Gary. I don’t want to get rich. ‘Rich’ is a relative term. I just want security for me into my old age and to try to help my adult child to get the money to buy a house. Security. That’s my idea of rich.
wealth can be robbed but dignity is willingly surrendered
So true. Many people feeling like they are failures without knowing their friends have bought houses with parental help. Doesn't even touch on the fact that 96% (?) of us are disadvantaged educationally. The other few percent enjoy private schooling. Then we compete for good jobs. So much for our wonderful meritocratic democracy!
I'm the first to say what I inherited.. Honesty is always best policy Others want people to think they want it. Even worse is when they think they aren't it or were entitled to it
Public Places are Rarely giving People what they need to be on the Top most are Average at best now if you spend $5K Per Month Many Doors open..
Average People get around 1800$ Per Month but they need $5K
Gary, you are 100% correct, but people forget the most single important thing in life is your health.....l am double your age, lost a brother through ill health in his late 20's....no amount of bank balance would change that fact. We currently live in a wealthy village in Surrey, but we are in a very small house. My wife used to say to me how come this person or that person have big houses or expensive cars... l said most of them have had a massive leg up financially in life, either help with there business or house.... & the majority of the time this is the case. Unfortunately nowadays the youth want quick wealth & that very rarely happens👍❤.
Greetings from Germany.Yes very much agree, never compare yourself to anyone else . Only compare yourself to the person you were yesterday. The trouble with comparing yourself to other is that you simply don't know what those other people go through to sustain that lifestyle.
In USA, there's a thing called "hood rich". Basically, it's all outward wealth. Most probably it's due to extended credit. They don't own their home, their cars, or their clothes. All credit. Their net worth is poor and not visible until it's too late.
The most refreshing speaker I've heard in a long time.
It took me 7 years as a independent retail trader just to get profitable. It can definitely be done. If you’re not taught in a institutional setting yes it will take longer. You can 100% be taught. I have full conviction. This guy is literally just putting out everyone’s flame.
Yo liam, how can i see what your doing ? considering you broke thorugh, i am in my 3rd year of trading and wont talk about how hard this s1t is but , im curiuos how you made it to the otherside ?
Gary, may I say that your straightforwardness is a shining light, a sharp contrast to the hundreds of 'advice-givers' on youtube and elsewhere. We have been inundated with videos about 'how to make your first million' and advice about putting away thirty quid each month, 'and in a while [a few thousand years by my count] you'll be swimming in it'. And they are unavoidable, I try to avoid such videos, but I hear about them a lot, because people, friends, students, everyone is so anxious to escape... You're the only one who essentially substantiated my usual answer when I get asked 'the question'. (May answer being: there are three ways to get rich: be born to it, marry it, or steal it.')
Gary is a millionaire trader telling you that you have no way to build wealth unless you are already wealthy. He is talking rubbish. I did it by investing in training to get into a career that paid well, invested in index tracker funds as suggested by Warren Buffet. It was not get rich quick but I had no help from parents. Rich people also pass know how to offsprings, not just money. There is no shame in being poor if you are not from money. But poor people often stay poor for good reasons. Getting a good job and investing well is a heck of a lot easier than changing the entire political system which Gary advocates.
The way you paint a picture is just perfect. Direct but loaded with info. This is where I come to learn the real message! You can see things from both sides of the spectrum which gives you a perfect ability to say how it is. You don't hide your luck, but you capitalized on it. Continue to create and thrive! Respect!
The one question I've always wanted to ask Gary is all the people you work with in your book are male . Could you have achieved the same if you had been female?
That makes so much sense. Individualism in this system, at the lower end, is so difficult (due to financial pressure to make money quick or fail by losing homes etc). If the people are clubbing together to fix the system, I’m in!
So I saw an interview you had with some journalist which recommended your book. I bought it on audible, and listened to it with great interest. Glad you beat Citibank. Anyway, I was telling my work colleague about it, and I said the book was called the Trading Game, and he immediately showed me a text from another mate who had recommended it. Now that’s what I call alignment, synchronicity or whatever. Keep it going Gary.
This guy seems to be one of the most sane I have seen online. I am sad that he gets so little views in comparison to "get rich quick" youtubers. I do not agree that you have to accept that if you are not rich you give up on financial success. I think that if you try to achieve financial success by actually doing something exceptional and enjoy the process, you will start value self development and money might come naturally. It slightly resonates with noble prize idea in my opinion.
People want instant gratification and the title of this video pulled them in.
Be born rich. Extract more value from numerous people than you give them. Influence rules and laws to retain and pass on your wealth. Rinse and repeat.
Good answer!
It's sad you think this way
@@chidiebeleokekenwa1686 it’s true, this is what the very wealth do, they twist the laws so a corporate raider on 100 mill a year pays less tax than his cleaning lady, that’s a big problem
Just finished your book. Fantastic. Loved the writing style. Could picture the whole thing like it was playing out in-front of me. I appreciate your content on here too. Empathy. You have empathy for the people.
This is one of the most honest videos I have watched recently.
This is a great message, part 2 of the wealth inequality discussion. Not only do we have to demand that our politicians take action NOW, to reverse wealth inequality, but as Gary says, we have to push back and ignore the online boasting of having wads of cash and flash cars. If we all work together, we can all share in the benefit. If we work individually, the more likely we won't change the system and will become poorer ✊
Try voting!
voting doesn’t work
@@Humanity101-zp4sq I do - and don't understand why you should think I wouldn't 🤦♂ -, but that rarely solves problems such as this. With our system not fit for purpose, the only "sensible" vote in my constituency is for Labour. However, I emailed my Labour PPC re wealth inequality, and she flat out said they don't believe taxing the rich is the answer 🤷♂ So, while we have to get the Tories out, we collectively also have to work hard to get Gary's message to sink in and stick.
@@palmeraj70 Spoil your vote.
Any discussion around politics and you've already lost. We cant all be rich. Policiticians are simple there to ensure we're distracted while the status quo is maintained and the rich stay rich
My husband, an engineer is good at maths. He went on lots of trading courses, spent a lot of money. Some offered support afterwards supposedly offering tips. The only people who really made money were those running courses, he made bits here and there, but no real money. It’s a tough field and they are not kidding when they say you can lose everything , I think it is really posh betting.
Yes and no. People make money from betting, but Derivatives makes Sports betting look like a mugs game. And most of the finance world is reliant on Derivatives for hedging. Yet the Ancient Greeks invented the same financial betting. It's the little people who aren't taught about the realities of wealth, and they suffer it's its lack the most.
It has nothing to do with academic level mathematics, you need fundamental understanding of the macro factors on the markets, the simple thing to do is buy an index fund and be a little more adventurous in the bull market. People who don't at least understand the market cycles of buy low in bear market, and sell high in a bull market shouldn't gamble with their money.
We need to challenge a system which makes us and our children poor. We need public investment in education, and a change in what is taught, NHS, housing, proper levels of pay, social mobility. An end to private education. An end to paying for university courses.
People like to think the people trading and affecting the prices know what they’re on about but just look at what happened with Pokémon go, where nintendos share price rocketed for a day or so, until the morons realised Pokémon go wasn’t developed by Nintendo but niantic, DOH! It isn’t based on reality, it’s based on speculation and perceptions
Trading is all about information. The greatest traders have the most information.
As a working man from Leyton High road, i am proud of you Gary. You were lucky in that you were gifted a talent in being able to do mathematics, but you achieved something and evolved slowly over time. So much of life is total luck, where, when and to whom you are born. I read your book, what i liked is that you were honest, authentic and didn’t portray yourself as a good guy or overtly moral etc. Thanks Gary.
Congratulations Gary on the huge growth of your channel and the book. Personally the focus of society is wrong, rich is not wealth, be rich spiritually and emotionally and you will have peace and joy.
Gary is a massive inspiration. Calm in explanation and totally honest in his delivery.
I'm nearly 50. Of all the people I went to University and studied with, the ones who are 'proper rich' now come from 'proper rich' backgrounds. They arrived and left uni already rich. The ones who I would call 'rich' (definitely well off, but not aristo or anything, upper middle shall we say) inherited or got their first property bought and paid for them by bank of mum and dad. This is without exception. The ones who are 'comfortable', have worked hard and met partners who also work hard at their jobs (dual income necessary, even when having a family). I went to a top class Uni (not boasting, just giving you context). Gary is spot on and honest here. One more thing I would add - and I share this as a feminist but we're all into honesty here right? It's not just having a rich Dad that I see gives people the wealth they then have later in life: a lot of women 'marry' into wealth before they have a family. (I've had that option several times - didn't take it - no regrets, even though I still struggle to buy a house in London and could easily have opted for the 'marry into money' option ;)).
36, and I appear to be looking at the same outcome regarding my classmates!
Very similar story from me. Two notable exceptions: one bloke who married in to a wealthy family; and those that are doing the best are those that didn’t go to uni but got on very specific technical skills training back in the day: YTS. Apprenticeships would be the modern equivalent. There’s no way I’d do a degree now unless my employer paid me to. Unfortunately university is a mugs game now, given the fees, proliferation of degrees and disinterest of education institutions unless you’re an overseas student.
@@mickeysmouse4800 The University thing.. such a different ball game now. Agree with you about having a trade specific skill - that is evergreen and always in demand - and if you can couple that with 'good clients' skills you can do very well. An ex boyfriend, who got a first from Cambridge University, not from money background, tried the management consultancy thing - the Cambridge first helped of course. But he hated it. At my suggestion, he set up a DIY business instead and put his last salary bonus into buying a BTL in Surrey. Fast forward 15 years, he owns three properties, has moved to Chamonix because he loves boarding, and is constantly inundated with work requests.
@@mickeysmouse4800 You are absolutely right about the value of having strong technical skills. I would say if you have that or develop and focus on skills that there is a demand for, AND couple that with strong customer engagement skills (be that in person or general communication), you can do well financially, regardless of a degree or your family background. Anecdote: an ex boyfriend, who is not from money, got a first from Cambridge and went into management consulting. Hated it. On my suggestion, he left and set up a DIY business. Started small, developed into bigger projects. 15 years' on, he owns three properties and has just jumped Blighty to live in Chamonix so he can go boarding every day. Obviously there's more to it than that, including making sacrifices on the way to building the life you want, but you get the drift.
Yup. I also went to one of “those” universities, and i’d have sworn to my last breath at that time that there was no difference between me and my privately educated peers. That my results were as good as theirs and my life chances were the same. Well, i had no clue. I’ve done okay, mainly because i bought property the first second i could and kept doing so. But they are just in a different league now - and that’s before the colossal inheritances which are just starting to come trickling in!
Success depends on the actions or steps you take to achieve it. Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Financial management is a crucial topic that most tend to shy away from, and ends up haunting them in the near future.., I pray that anyone who reads this will be successful in life!!
Starting early is simply the best way of getting ahead to build wealth , investing remains a priority . I learnt from my last year's experience , I am able to build a suitable life because I invested early ahead this time .
Exactly ! That's my major concern and what lucrative investment can one venture into with the current rise in economic downturn
In fact, I had no prior experience or understanding when I began investing in 2020, but by the end of 2023, I had made a profit of almost $850k. All I had been doing was going by what my financial advisor had told me. This demonstrates that all you truly need is a professional to assist you; you don't even need to be a great investor or put in a lot of work.
@@noah-greeneMy partner’s been considering going the same route, could you share more info please on the advisor that guides you
Credits goes to "Gertrude Margaret Quinto" one of the finest portfolio managers in the field. She's widely recognized; you should take a look at her work.
I know! Eat dry bread with fake butter on, and drink only tap water, and save all the money you earn, also do not buy things you don't need. I know, because I've seen others on youtube to it, and it works! Now I'm rich!
I started out life in Hampstead. Parents were not rich but my school was filled with kids whos parents were. It took me many years to figure out why many of the kids in my class who were as thick as p*gs s***t were well off whilst i was struggling with shift work. I had the best scores in school, tested as having an IQ of 140, but i never received any meaningful support or information from school. I eventually realised that i lived in a game of 'family wealth' not a game that supported talent, but a game that exploits talent for the benefit of rich families.
So true. The ones that did well from my school all inherited. None of them work as hard as me.
My parents died without realising that.
what career would you head towards to try and become rich
Gary I just wanted to say that you are giving me some hope for this country.... I realised for myself a long time ago that this country keeps getting poorer, every single year. I've been saying this to my parents and they are kind of dismissive with me. It's the reason I've never been interested in politics. Because I realised myself that you can vote labour or conservative and it doesn't matter... The result is that the country is going to continue getting poorer. My vote is meaningless. I am powerless. I have felt this way for most of my adult life. But the way you talk about wealth inequality, it gives me some understanding of why it is happening, it makes so much logical sense to me and look I'm a web developer, I don't know anything about this stuff... but you explain it so well and the way you talk about this actually gives me hope for the first time ever that maybe if enough people support this message there can be positive change. Please keep this up, it's so important and thankyou for this.
I’ve been feeling like a failure it’s my 38rh birthday today and I have been down and negative all day but after listening to my eyes are wide open. Thank you so much I needed to hear this!🙏🏽
Excellent talk - thank you. When you realize the game is rigged, then you can begin to appreciate all the truly valuable things in life- family, children, nature, the sea, sunsets, growing your own food and herbs, walks, fresh air- in other words, everything but money.
You could invest in stocks, start a side business, or focus on advancing your career. It's important to set goals and make a plan. Remember, wealth can mean different things to different people, One thing i can say that helped me in life to reach my first million was starting early, i got curious and informed i became open to passive income, investments in equities, etfs and the likes. also sought help to handle my portfolio which was my foundation. i'm ever grateful to Anna Rounds Fay my FA
That’s some good values. sounds like you got something going for you
I started investing when I was 37, mostly through sweat equity. I just turned 45 and this last month was the first time that my passive income from stocks broke $100k for the month. This is solid advice! DO IT!
Thanks for sharing, I just looked her up on the web because this is equally important to me, and I would say she has an impressive investing background. I will write her an e-mail shortly.
DIGNITY!!! Yes, you've nailed it! Not related to income, or even achievements, absolutely! So wonderful to hear this truth spoken to the masses! The intrinsic dignity of the human person transcends all material variables. If only we could always remember this! The question: "How can I get rich?" Is really a person asking "How can I be happy?" They just don't realise it! Gary, one word comes to mind whenever I listen to you ..."Humility!" I believe it's the highest of human virtues, whether King or beggar, it also transends! I would say it's the ability to see the truth of who you are and where you are in life and to accept it with simple gratitude! You have this Gary, it's an amazing gift to those you encounter. I pray you never lose it! Thank you.
Don't aim to be rich (financially) aim to have a happy contented life. Live within your means, don't buy what you don't really need and stay out of debt (unless it's a mortgage) and try to educate yourself re how to manage the money you do have.
Exactly- live your life and define success as you want it to be defined. There's no correct definition. There's other examples of 'good' debt other than mortgages (for the right type of property and deal), and getting better in life in any aspect is based on educating oneself
Very good advice, many people are using their credit cards and running up debt they feel richer because they can buy a new whatever but they are getting more and more in debt paying high interest and falling behind in reality.
Brilliantly said Gary. Hope you reach an ever bigger audience. If we worked together we can change the way our work is valued and the power that the very wealthy wield. Maybe when people become so impoverished they'll feel they have nothing to lose and the movement to change the status quo will finally begin. Keep inspiring us Gary.
What a powerful message! I got goosebumps at the end, unreal. Also, when you say the poor are trained to play de game individually, Thatcher's "there's no such thing as society" came to mind. Penny drop moment.
Big message here, the game is rigged, i wish people weren't so hard on themselves and think their success or failure is due to purely personal responsibility! The economy is rigged, people need to come together and spread this message, hold the government to account. Thanks Gary! - a young man 👌🏾
Giving investing advice you'd also run the risk of leading a bunch of viewers to bet on the system failing and actually causing the problem to get worse! Thanks Gary, keep up the good work
Walked away from a well paid job as a lawyer because I hated it. Now have a dog walking business and feel much wealthier although the money is less. One life, don’t waste it.
I personally used to watch all ‘how to get rich videos’. I’ve seen almost all of it from every influencer/guru giving you the most ludicrous advice, some of it even outside the realm of business like advice on how to live your life etc. I only clicked this video because I recently watched the his interview on ladbible and admittedly I was incredibly skeptical (even watching it at 2x speed to save myself the lost time), but after sticking to the video the answer he gives - essentially come from money or be bloody good at something - is so spot on. It’s refreshing to see someone actually say it as it is because I discovered it a long time ago being lucky enough to come from a very privileged background. I definitely will stick around this channel for a while and please keep up the REAL work gary!
Brilliant Gary, assessing wealth by how much money you have is a mugs game. As you say we can compete against them, they have wrapped up. Real richness comes with happiness and whilst money gives you options,it cannot buy happiness. Reframe what you have around and appreciate value. You may not have it tomorrow.
I'm about 75% of the way through your book, it's not bad!
I’m hoping it will come out on payback soon as I struggle to read hardbacks! It’s definitely my intention though and I’m looking forward to it.
@@juliewake4585 I heard it on audible start to finish and absolutely loved it to bits
I started watching your videos" earlier last year as a beginner before giving stocks a trial, and I've been able to scale from 120K$ to $580K, I did get an advisor for supervision and accountability just as you directted thanks.>
All you need as a beginner to make good interest is a professional miner who will guide you.
And this is the time to put money into bitcoin cause of the high rate
I propose Lexi griffiths This lady is from United K. and her strategie works like magic
There are many types of buy and sell real estate stocks gold silver, cryto Stablecoins Airbnb, ETFs
I heard about this same Lexi griffith somewhere as there are testimonies about her, I'm definitely buying with two thoughts
You make such a great point about people who have been gifted funds from their parents never talk about how they bought the house , car, stocks, etc... everyone wants to pretend they did it themselves from 0... you actually did! Congrats. I actually did by starting off negative 500k. With just a phone and computer and 24/7 work... and figuring things out. Work harder and smarter!
One of the most important voices in the country right now. I hope you have a plan for when the machine comes for you.
I can see Gary is completely emotionless about money. That's why he had done extremely well.
He was very emotional in his early life, the book goes into good detail on this. I guess when your job becomes money, the emotion comes out of the equation. But he wouldn’t be doing what he’s doing if he wasn’t passionate about ensuring the rest of society has money in the future
@@WilliamAhlertwhen you have a lot of money you don’t have to worry about it. Plus traders are natural gamblers, a hell of a lot of them actually don’t make money with all the resources at their disposal. There’s been studies where they found it most of the traders do no better than random chance.
@@davideyres955 And the whole 75% of traders lose money. There's traders and there's professional traders, and there's professional traders who last, aye. That's true. You get emotional about it it can screw you up
This is by far the best video on the Internet, Gary thank you for everything that you do. I have just finished your book and wow what an amazing read, to be totally honest it is actually the first book I have ever completely finished in all my 44yrs. We all need to pull together and help spread everything that Gary stands for. We need the whole country to start thinking the Gary way, and the sooner, the better.
Some of the most intelligent, talented and hardworking people I’ve ever met ended up moving money around in the financial markets.
The only way to guarantee being rich is to be born rich
It is not almost impossible. Try starting businesses and just keep adding more value to all your customers, Leave nothing on the table. And your parents have nothing to do with your chances of becoming rich. It is all about what they leave in you, not what house they leave you. And just keep looking for opportunities learn to work together yes look for co founders.
Paul above is wrong. The rich from my class ALL inherited.
@@jacknakamori3280Paul is most likely selling something. Training courses and dodgy investment advice probably.
@@paulcampbell85I said the only way to GUARANTEE. Not that it’s the only way to become rich.
Nonsense, utter nonsense.
Thanks Gary, I’m sharing this with friends and family, especially our children. The message at the end is everything.
I keep saying to my friends that their kids are screwed, they don't seem to care(they all live at home still in their 20s and or are saddled with massive debt via loans and mortgages). They can't understand why I'm bothered, so I have given up. Bizarre!
We chase wealth because we are subconsciously chasing security not wealth. But at the end of the day security cannot be bought with any amount of money and so therefore embracing a life's purpose (working altruistically for the benefit of society) fortitude (combating insecurity) and happiness (contentment and appreciation for what you do have) should be some of the key primary goals in life.
How can you feel secure if at any moment you could lose the roof over your head? Which means no address, so you can't get an ID or bank account if you need to renew or replace them, which means you can't get a job if you lose yours. Maslow was quite clear on the matter: You need water, food, and shelter before you can even get started on feeling safe.
I love your comment and I agree that security cannot be bought. I know a multimillionaire who suffers from terminal cancer and his wealth won't save him. Having said that, a complete lack of wealth spoils your life by making it too unsecure.
Working altruistically, are you a monk?
Status
@@ElCanalacoDeRaulworking with honesty and for the betterment of those around you and the ‘clients’ or ‘customers’ you may be working for. I see plenty of people in my trade in construction do a job asap for the money knowing it’s going to fail down the line but they know they don’t have to pick up the pieces. I like to work with honesty and well intentioned and I go home feeling good about myself and life. Not about being a monk pal
Gary from the way that you detail the problem for the poor makes me believe that we need to talk about what type of community values dignity and how to translate that into a social currency. Let us take back the power and the wealth.
Finished your book The Trading Game yesterday; enjoyed every minute. Some unexpected parts despite being long time listener. Brilliant stuff Gary, hope you keep up your interviews with the mainstream, your realisation before and in Japan is the exact requirement needed in society for the necessary change. Your answer about having a rich dad is spot on- a very rigged system. Hugs and love to you.
Just finished your book. Thank you for sharing. I came away thinking I just don’t have the metal fortitude to do what you did to “get rich”.
Very honest
Such an important video, Gary. Thank you so much. As you explain: the idea of climbing up out of our social class has been deliberately fabricated by the wealthy; instead we need to pull together, to pull our whole class up.❤
Exactly ❤
Powerful Gary. Every young person needs to hear this. Yep. Let's work together all of us 👍👊
When I first looked into personal trading out of frustration in not being able to make money, my Dad made basically the same point a different way. He pointed out the simple fact that even if you make the right choices & everything gains instead of loses (& losing is obviously a strong possibility), unless you start with very large amounts of cash, any gains you'll make will be insignificant. Another way of saying it only works if you're rich already. It only works if after you've paid your living expenses, you have a lot of excess money left over to play with. Obvious really, but a very easy point to miss when you're driven by the desire to make more money.
Those with excess money I call "the investor class". I think it's more apt & descriptive than the 1% & it has a long tail too, so captures a lot of people on the lower end of the wealth spectrum, through aspirational thinking, into sticking with the status quo. One of the additional reasons I believe it's so hard for politics to move into more progressive areas, so all the more power to people like you (& my Dad!) for trying to do the right thing by everyone, rather than just voting for favourable tax rates & keeping the assets bubbles going. Loved the book & bought a copy for my brother, who introduced my to your channel. Keep up the good work Gary!
The most sense I’ve heard in 20 years, let’s hope the young can overcome the legacy media brainwashing and change things before it’s too late 🤞🏻👌🏻
I hope that people realize that everything that you are saying applies globally. It’s not just the UK or Europe or the United States or Canada or any high GDP country, it’s every one. The wealthiest people set up the economic and political systems to best suit themselves and they don’t do that as individuals but collectively. The only way for the ordinary people to counteract that is to act collectively. And a reminder also that it’s very very unlikely for everyone to win the lottery and get rich, but it’s very very possible to get comfortably well off through good government policies that prioritize expanding the middle class and reducing poverty.
Living in a good society, is my definition of RICH, without it you are just running scared, look after the world around you, look after each other or we will or be the poorer for it.
I think this is a bit of a cop out. I've personally been friends with plenty of people from poor backgrounds that have become rich. Rich as in getting beyond the middle class and becoming either early retired or semi retired. The game certainly is rigged, I blame the Central Banking system. And it becomes more difficult every year. But it's that the difficulty is increasing, not that it is impossible. That said it takes a mixture of the right personality traits to become rich. The people who become rich VERY VERY much deserve to stay that way. Because they are the type of people that are disciplined, willing to live below their means, willing to take on risk, able to perform risk management, Patient, willing to fail many many times, and working for the sake of work. The most reasonable thing to tell the average person though, is that they were born with the wrong parents.
'Change the System, Tax the Rich' - we need that on a t shirt - brilliant video as always Gary
I find it weird that the common man will get angry about me as a train driver fighting to get a raise. I’m far from rich. I’m doing ok. I live modestly and am able to overpay my mortgage. But I’m not rich. Even on my earnings I have to deal with the cost of living. My income isn’t immune from inflation. Why wouldn’t someone want me to succeed, because they can then go to their bosses and point to me saying “he got blah blah… I demand blah blah too.” They can even get my job, I’m retiring next year. I’ll have a modest pension for a 55 year old. Enough to live on. I want that for everyone. But people are so easily turned against each other. They willingly fight each other over scraps while a rich laugh at them. Every thing you have said made sense. The game is rigged.
The common man see's the price of a train ticket going up and the service getting worse and then he see's a news story about train drivers wages going up while his stay the same or go down. So not weird that he'd be angry at you really. What he doesnt see is the years of under investment and asset striping by private companies. Most people don't have the time to go looking for the real story. They're too busy working and/or looking after their kids. ' A lie can make it's way around the world before the truth even has its boots on' - Terry Pratchett
Just see how long it takes for no work till you are Poor Most are Poor and Lose it all in under 3 Years House or Otherwise yes people need better Pay and Less work Hours
@@wondergra And the rich bought out all the journalists so we're just left with misinformaiton warfare.
I've just started subscribing to this channel. Really great and thought provoking. I grew up as a kid of the 1980s, left school thinking i could get rich easily and realised that many people regardless of wealth have bought into the concept of getting asset rich but neglected to become emotionally rich. They've bought commercialism. I'd love to see the education system help children to learn about emotional richness and help instil realistic mindsets. For example aim to be financially secure and resilient but put lots of effort into good diet, excercise, relationships and sleep which can make you have a rich and fulfilling life without being asset rich
The problem is we place unrealistic expectations on our young, move to the south, buy a home, take on student and mortgage debt etc. I did not even attempt this in my 20s as was an utterly unremarkable student from a working class background and negligible parental support, and yet have managed to be mortgage free and relatively secure by 41 by saving like crazy and avoiding expensive risk. My total monthly outgoings are low (£750/mth) and standard of living is comfortable. I’m able and willing to invest now I have the stability and foundation to do so. I’m also happy and don’t stress anymore every time I see a headline. Not easy, and not for everyone but worked for me.
Less than two minutes in, and I'm delighted with this vlog already! I knew really, that THE answer wouldn't be forthcoming, but was much happier once I had confirmation ❤
Have a rich dad. I wondered how you were going to answer this question Gary. (I have no desire to become rich btw) This response was brilliant. Well done for sticking to your principals. Let’s change the rules together: thanks Gary.
I don't particularly want to be rich, but I would like to have a secure home. I am sick and fucking tired of bouncing from one improvised temporary rental housing fix to another similarly insecure solution. And each time they're much larger than I actually need or want, or they don't have the two things I do want: My own shower and the ability to cook a meal. (Just a hotplate and tiny fridge is enough, though an actual kitchen would be great.) I don't even mind that rent is high, I mind that it takes forever to find something you don't want for more money than it's worth, far away from all your friends. The lack of available housing strains social bonds by putting people farther and farther from their social network.
@@ciararespect4296 that’s really not very funny is it?
Try to get Rich With No Parents Help then you see if you Deserve More or Any From your Dad the Easy thing is getting Help From him without showing you deserve it.
Gary, i just have to say that you are one phenomenal human being, brother, and i'm truly honoured to hear you speak. TG.
I want to join you on your journey. You are the first person I have heard speak the truth about true inequality. Trading is gambling is a truth so often denied by the "masters of the universe "......Nice to hear it spoken. Good on you. When you decide to get into politics I will be proud to campaign for you.
It's how you define rich ( in life ) really, it's not all about having tons of money.
In the gold rush, the majority of the people who really made money were those selling picks and shovels, not those doing the digging. With trading, it's the platforms and the 'gurus', not those doing the digging.
Gary Stevenson, you are a very special man. ❤️
For such a young bloke, you talk a lot of sense.
Working for yourself is a good start. It’s hard, but it can make you wealthy. I worked for companies, then backed myself to be a contractor, then started a company with a friend. The result (after 22 years) is that we sold the company and I retired at 55. I still consider myself working class and I wasn’t given any money. Just very long hours, gut feelings, and a slice of luck.
I'd love to hear more of your story. What industry did you eventually set up your company in and was it based off your career path?
@@sachsuccess douche
I imagine the business is either IT, building trade or business services. Well done and appreciate those who acknowledge luck, have had some myself and its about maximising opportunity (luck) that presents.
And you also learned how to be a contractor.
The fact is the chances of success in business is very low. Many do not see this reality.
More people need to hear this in the UK
I’m 21 and I’m almost a year into my first job in tech after dropping out of college due to financial circumstances. I’m paid decently in comparison to my friends but it is still not enough to live comfortably. I spend most of my free time thinking of how I can change my current situation but it seems that the only secure path I have is sticking with my current job and dealing with the sub-optimal salary. This video gives me a little hope.
The easiest way to get rich is to make someone *else* richer. That’s exactly what Gary did. He widened the wealth gap.
The point is not just about being rich. Most of us would be happy to have enough to get the basic things in life.
Currently 50% through your book! From someone who started trading just over 12 months ago I’m finding it so interesting and relatable. Not to the fancy brokers lunch’s or huge sums of money but the terminology and likeminded confusion with how it works. Every time I hear a new nickname relating to the shape of someone’s head i have a chuckle 🤣. Keep fighting the fight Gary 💪🏼👏🏼
Garry you hit the nail on the head with this subject
Thanks for the straight talk, Gary. Couldn't agree more. I think young people could consider looking outside of their normal circles to find work/opportunities. Of course, there are potential risks and costs associated with moving somewhere for work. Still, I've seen and experienced how that independence, or perhaps the necessity to focus on working and earning, can pay dividends. For example, trade jobs are highly sought after all over the world. Some countries, like Australia, can not get enough apprentices to start these pathways. Also, if you benefit from free education, please make the most of it. It's actually very valuable. Just a thought.
Thanks Gary, I was really struggling to carve out a path to success for myself, but your video reframed things very helpfully for me. Ever since I tried having rich parents, it’s been win after win, and I’m very grateful. I think more people need to hear this message and try it for themselves.
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