Download "هذا ما سيخبرك به المال لو تكلم / ملخص كتاب سيكولوحية المال"
%3Aformat(webp)%2Fi.ytimg.com%252Fvi%252F4Kie3h3I8nc%252Fmaxresdefault.jpg&w=1139&q=75)
Please wait. We're preparing links for easy ad-free video watching and downloading.
Table of contents
Similar videos from our catalog
%3Aformat(webp)%2Fi.ytimg.com%252Fvi_webp%252FCsn1wSVKbrk%252Fmaxresdefault.webp&w=1139&q=75)
%3Aformat(webp)%2Fi.ytimg.com%252Fvi_webp%252FE5eAjyaPWPM%252Fmaxresdefault.webp&w=1139&q=75)
%3Aformat(webp)%2Fi.ytimg.com%252Fvi%252FEtie-HBZ1jQ%252Fmaxresdefault.jpg&w=1139&q=75)
%3Aformat(webp)%2Fi.ytimg.com%252Fvi_webp%252FIQG239MW_OY%252Fmaxresdefault.webp&w=1139&q=75)
%3Aformat(webp)%2Fi.ytimg.com%252Fvi%252FMqCVM1egPFI%252Fmaxresdefault.jpg&w=1139&q=75)
%3Aformat(webp)%2Fi.ytimg.com%252Fvi_webp%252FS87c5Tqrt14%252Fmaxresdefault.webp&w=1139&q=75)
%3Aformat(webp)%2Fi.ytimg.com%252Fvi%252FVhViRXCkth4%252Fmaxresdefault.jpg&w=1139&q=75)
%3Aformat(webp)%2Fi.ytimg.com%252Fvi%252FhC-0k1kuVeQ%252Fsddefault.jpg%253Fsqp%253D-oaymwEmCIAFEOAD8quKqQMa8AEB-AH-BIAC4AOKAgwIABABGGcgMyh_MA8%253D%2526rs%253DAOn4CLBVcX6jf3xr4RP3D4uRYXoNppbalQ&w=1139&q=75)
%3Aformat(webp)%2Fi.ytimg.com%252Fvi_webp%252FsNzzaG2psCs%252Fmaxresdefault.webp&w=1139&q=75)
Video tags
Subtitles
Russian
00:00:01
There were two men, a man named Ronald James Reed, who worked as a mechanic at a gas station for twenty-five years,00:00:08
and seventeen years part-time as a cleaner in a store,00:00:13
and his income from both jobs was modest, and even his education was modest . The00:00:18
second, Richard Fuscone, holds a master's degree in management business from Harvard University,00:00:24
was an executive in a large corporation, .00:00:27
He enjoyed such an illustrious career that he retired in his 40s.00:00:33
In 2014, the first, Ronald James, died at the age of 90,00:00:37
bequeathing $1.2 million to a local library00:00:41
and $4.8 million to a hospital in the county where he lived.00:00:46
This was part of his $8 million fortune.00:00:51
The second Foscon stood in the year two thousand and eight before the bankruptcy judge and said: I have no income now,00:00:57
in the end everything collapsed and he became bankrupt and convicted.00:01:01
How did a man of a modest profession with an ordinary education leave a large sum,00:01:07
and a man of high financial education and a distinguished career, end up bankrupt.00:01:12
Ronald James Reed did not win any lottery and did not inherit any amount of money throughout his life.00:01:18
Ronald saved all the money he could and invested it in existing companies and let his wealth accumulate over the years.00:01:25
Richard Foscon borrowed large sums to expand a house with 11 bathrooms, two swimming pools, two elevators and seven garages,00:01:33
at a maintenance cost of $90,000 a month.00:01:37
After the crisis of two thousand and eight, Foscon went bankrupt due to high debts and illiquid assets.00:01:43
Can we hear similar stories in other areas?00:01:46
I think it is impossible to hear similar stories in any other field. It00:01:50
is not possible to imagine a story that says that Ronald, for example, had a heart transplant and was more brilliant than a surgeon who graduated from Harvard,00:01:58
nor that he was better in nuclear physics than Hideki Yukawa.00:02:02
But why do we hear about similar stories in the field of investment?00:02:06
Most of the time, the financial field knows that it is a science with precise rules and laws, such as physics,00:02:12
but Morgan Housen argues that this is not completely accurate.00:02:17
For example, the reason for the collapse of a bridge can be explained accurately because it was built with an accurate science that is architecture,00:02:25
and therefore the reason for its collapse can be explained as well,00:02:28
but no The cause of the economic collapse of 2008 can be determined with the same precision.00:02:35
So financial success is not a difficult or accurate science,00:02:39
but rather it is a soft skill in which behavior outweighs knowledge,00:02:44
where an ordinary person who knows how to behave00:02:48
can be wealth while a person who is a genius in financial science but loses control of his behavior can be a financial disaster, and00:02:57
this explains The success of someone with a mediocre education and a simple career like Ronald Reed and the failure of another with a sophisticated financial education, and an impressive career like Richard Foscon00:03:10
So what is this soft skill?00:03:13
In the year two thousand and eighteen, the financial journalist in the Wall Street Journal, Morgan Housen,00:03:19
wrote a report in which he mentioned the defects and the most important reasons for the behavior affecting people when dealing with00:03:25
money .00:03:33
Or the psychology of money, which is the soft skill00:03:38
Morgan says the aim of this book is to show that soft skills or behavior00:03:44
are more important than the technical side of money, i.e. how you act is more important than what you know.00:03:51
This book is completely different from almost everything that has been written about money,00:03:55
as it starts from the idea that financial success has a simple relationship to how smart you are, but it has a close relationship to how you behave00:04:04
, and studying money from a psychology perspective gives us a deeper understanding of the causes of failure and success factors,00:04:11
and from his point of view, Investment is not a test of intelligence as much as it is a test of character.00:04:18
The book is divided into several independent ideas, each of which can be read independently.00:04:25
In the description box, you will find the timing of each idea if you want to listen to it directly, or refer to it later.00:04:33
Tell us what is the most important idea or the most important ideas that agree with it,00:04:38
the psychology of money00:04:40
in the year two thousand and six, Ulrike Malminder and Stephan Nagel, two economists from the US National Research Office, researched00:04:48
what people do with their money00:04:52
. Theoretically, people should make their investment decisions based on their goals and the options available to them,00:05:00
but the researchers found that the reality is quite different.00:05:04
Investment decisions are made based on other things, such as their experiences in their generation,00:05:09
especially those early in the early stages of adulthood.00:05:13
Every person from a different generation and a different environment00:05:17
has a different view of money and how it should spend its money.00:05:22
Depending on our time, where we live, and our environment in which we grew up, we experience the world of money. In a different way,00:05:29
the difference between a person born in the year one thousand nine hundred and seventy, and another born in the year two thousand and one,00:05:35
or a person who lived in the Gulf and another in Africa, and a person who lived under an open regime and another under a dictatorial rule00:05:42
would be quite a big difference.00:05:45
People have different generations, their upbringings, and the values on which they grew up.00:05:50
They were born and live in different economies, and they deal with different labor markets00:05:56
, where the factors of luck, opportunities, and incentives differ.00:06:00
So we learn the lessons in a different way and look at money in a completely different way.00:06:06
Every individual has his unique experience in the world.00:06:09
What you experience convinces you more than what you learn from another person.00:06:13
That is why everyone has his own financial perspective.00:06:16
A person who grew up in poverty thinks in a financial way that a person who grew up in wealth cannot understand if Try.00:06:24
When people's view of money is formed in different worlds,00:06:28
the financial viewpoint will inevitably differ between them.00:06:32
What seems logical to you may seem crazy to another person, and this difference exists even among very similar people,00:06:39
even the same person may make a wrong financial decision, but it is logical for him to do so. the time.00:06:47
Now let's know how luck and risk play a role in your life and financial success in the00:06:53
year one thousand nine hundred and sixty-eight,00:06:56
after the efforts of a mathematics teacher named Bill Dougal, who brought a computer to Lakeside High School near Seattle,00:07:04
and the presence of a computer in a high school was exceptional,00:07:08
even in most graduate schools Universities have computers,00:07:14
and even those in them were not at the level of the device that was brought to the secondary school.00:07:19
There was a boy at the age of thirteen00:07:22
, who was passionate about this device, he and a friend of him,00:07:25
the computer was not part of the general secondary curriculum,00:07:28
so the boys were able to work on it in their spare time, on weekends00:07:34
and after work until late at night, and soon They became computer geeks.00:07:39
One night in front of the machine, the boy said to his friend, What if we could one day own a computer company?00:07:48
Maybe that was part of a baby talk, daydream maybe.00:07:52
A few years later, precisely the year one thousand nine hundred and seventy-five, the boys founded that company00:07:59
and00:08:04
now it is worth more than a trillion dollars, that is, a thousand billion dollars00:08:14
. The writer told us this story as an example of the luck that helped Bill Gates succeed00:08:19
. He says: It is true that he is a very smart and very persistent person, and he had a vision in his adolescence in the field of computers,00:08:27
which most executives in the field did not understand,00:08:31
but his early start helped him very much in that, had it00:08:35
not been for the computer in His high school, which he was studying when I found Microsoft.00:08:40
Even Bill Gates himself said in a speech to the students of Lakeside High School itself, in the year 2005,00:08:46
that if there were no Lakeside School, there would be no Microsoft presence.00:08:52
Without his high school experience, Microsoft would never00:08:57
have existed. Gates was really lucky.00:09:00
The chance of getting into high school with a computer in 1968 was one in a million.00:09:08
Kent Evans was Gates' classmate and close friend.00:09:12
He was also one of the lucky ones to work alongside Gates in the school's computer lab.00:09:18
Why not mention his name in the story?00:09:20
Because he never became a partner at Microsoft, because he died in a climbing accident before he finished high school.00:09:28
The odds of this tragedy happening were one in a million as well.00:09:33
Kent Evans had the same ability and skill as his two teammates00:09:37
, but ended up on the other side of the game.00:09:41
The writer says that they are the same possibilities, but they are in opposite directions. Luck and risk are brothers, and00:09:49
both reflect the fact that the result does not depend on individual effort alone00:09:55
. Luck and risk are two factors present in any financial success,00:09:59
and if you think about this perspective, your view of any success and even failure will change.00:10:06
Years ago, Nobel Prize-winning economist Robert Shiller was asked,00:10:11
What would you like to know about investing that we don't know now?00:10:15
He said, "The precise role of luck in successful results.00:10:19
Is failure always the result of mistakes,00:10:22
or are there elements such as risks that are embodied in bad luck?00:10:26
The media does not celebrate investors who did everything00:10:30
and made good decisions, but ended up on the unfortunate side because of unexpected risks,00:10:36
and it celebrates investors who They made rash decisions, but they were lucky in the end.00:10:42
Two different sides of the same coin00:10:45
. Therefore, seeking to simulate success stories, without distinguishing between repeatable actions leading to success,00:10:53
and the role of luck and risk is not wise00:10:56
. Studying and trying to deduce steps by examining the success or failure of one particular man A dangerous matter00:11:03
, the greater the degree of success or failure, the greater the percentage of luck and risks in all of this.00:11:10
Trying to simulate Warren Buffett's investment, for example, is impractical00:11:15
because it is an extreme or exceptional case, and00:11:18
according to the writer, the role of luck may be great in his career, and the same luck cannot be simulated in00:11:26
someone00:11:31
else 's00:11:37
life .00:11:44
success and failure to do what the first did and avoid what the second did,00:11:50
And we tend to assume that one hundred percent of the results are thanks to the effort and the right decision, and we forget the factors of luck and risk in00:11:59
all00:12:02
of00:12:04
that00:12:09
. It seems and what is bad is not as bad as it seems.00:12:15
Now we know how to make the goal stable, not move whenever it reaches it00:12:21
. Rajat Gupta was born in India. He was poor, destitute00:12:25
and orphaned in his adolescence, but he achieved great success and became CEO of McKinsey00:12:31
, a prestigious investment company,00:12:34
when he retired in Two thousand and seven, his wealth amounted to one hundred million dollars00:12:39
in 2008. He00:12:41
wanted to take advantage of the opportunity to obtain inside information about Warren Buffett's investment deal for five billion dollars to help Goldman Sachs,00:12:51
before publishing this information to the public, he bought one hundred and seventy-five thousand shares from the bank,00:12:57
to benefit From the high share price,00:12:59
this made him seventeen million dollars,00:13:02
that sounds easy and wonderful. Isn't it?00:13:05
No, it would have been easy for the SEC to convict him and put him in jail.00:13:10
Because his action was simply illegal.00:13:14
Bernie Madoff, convicted of running a Ponzi scheme or scam of the century as it is called,00:13:19
whose fraud lasted twenty years, during which he is said to have stolen nearly fifty billion dollars,00:13:26
had a successful and legitimate investment company,00:13:30
one aspect of his legal work made profits ranging from twenty-five to fifty million dollars annually.Before turning to fraud,00:13:39
why would someone who owns hundreds of millions feel such an urgent need to get more money?00:13:47
People may perhaps feel some understanding for the crimes committed by those who live on the edge of survival, but the likes of Guetta and Madoff possessed everything material,00:13:56
enormous wealth, influence, prestige, freedom and fame, and00:14:00
yet they threw everything because they wanted more, they00:14:04
did not have a sense of sufficiency00:14:08
that expectations rise more as they are achieved better results,00:14:12
And over time, you will lose a sense of satisfaction with the results,00:14:15
and the pursuit of progress will become meaningless and closeness or the achievement of any goal is meaningless as well,00:14:21
and it becomes dangerous when it turns into greed for more, more money, more ambition, more strength, of prestige, of fame,00:14:32
so that his demand for more becomes stronger than his satisfaction,00:14:35
so that whenever he takes a step to the goal to score a goal,00:14:38
he will move the crossbar two steps, to feel that he is always behind00:14:43
and seeks to compensate for that with more risk00:14:47
Social comparison often causes him to look Investors to those who have more than them and become completely convinced00:14:55
that they need to own more.00:14:57
Emotional financial decisions are devastating when based on how much money others have00:15:04
. Comparing your money with other people's money is a losing battle, because there will always be someone richer than you and the00:15:13
lesson you can learn It is that you should not risk what you have and what you need for what you do not have and do not need.00:15:22
If a person has enough to cover his needs and many of his requirements,00:15:27
he must remember these things to avoid unnecessary risks:00:15:33
Stop the goal from moving the closer you get to it00:15:36
, do not raise your expectations the higher they are Your Results00:15:40
Accept that you already have enough and don't compare yourself to others.00:15:45
There will always be someone who earns more than you00:15:48
. So get rid of the social comparison.00:15:51
Saying "enough" is realizing that wanting more will drive you to the point of losing everything.00:15:57
The feeling of having enough is, Even if it is less than someone else, it is the way to win00:16:04
. Remember that things like reputation, freedom, family, friends and happiness00:16:09
are not worth the risk, whatever00:16:13
the00:16:17
gains00:16:23
. The one that explains the ice age closest to accuracy, according to the writer, is the Milankovitch theory. In short,00:16:31
this theory attributes that the main cause of the snow age is the cold summer and not the cold winter,00:16:38
as the ice age begins when the summer is not warm enough to melt the snow of the previous winter00:16:45
, and thus The remaining ice facilitates the accumulation of snow in the following winter, which increases the chances of a snow layer remaining in the following summer,00:16:54
to attract more ice accumulation in the following winter,00:16:58
and permanent snow reflects more sunlight,00:17:02
which increases the cold, and this means More snow and so forth.00:17:07
In a few hundred years - a geologically short time - a seasonal ice mass will grow into a continental ice sheet.00:17:17
The lesson here is that you do not need tremendous strength to achieve exceptional results.00:17:23
A small start can lead to exceptional results that defy logic, to the00:17:28
point that you will not believe that the beginning was that simple, but continuous growth eventually leads to amazing results.00:17:37
Writer Warren Buffett presents as an example . money for this00:17:40
I hear you, dear. You are thinking.00:17:43
The writer is contradictory. A short while ago, I said that trying to simulate Warren Buffett's investment, for example, is impractical because it is an extreme or exceptional case.00:17:51
I thought about this also when reading the book and when summarizing it.00:17:56
Here is my humble point of view,00:17:58
it is not really possible to simulate Warren Buffett's experience, but lessons can be taken from it, and inferred from it,00:18:05
for example in this chapter,00:18:06
where the writer wants to say that the long period of investment with fixed returns ultimately creates a compound strength00:18:14
. Many believe that his wealth is entirely due to his good knowledge of investments,00:18:20
but he invested for seventy-five years , where he started at the age of 10.00:18:25
If he had started investing at the age of 30, and retired at the age of 60, with the same annual return (that is, 22% / annually),00:18:33
he would have accumulated only $ 11.9 million over his life. Or only 0.1 percent of his current wealth.00:18:42
The key to a good investment is not to achieve the highest returns;00:18:45
It is earning good returns and can be repeated over a longer period of time00:18:52
. Now consider the opposite case, which is earning large returns, but it cannot be maintained.00:18:58
Getting money is one thing and keeping it is another.00:19:02
James Livermore was the greatest stock trader of his time.00:19:06
He became one of the richest men in the world during one of the worst months in the stock market,00:19:11
the October crash of the year one thousand nine hundred and twenty-nine.00:19:16
After this tremendous success, after four years he took more and more risks.00:19:21
He was self-confident to the point of arrogance. In the end, he lost everything in the stock market,00:19:27
Livermore went bankrupt, and his last days were tragic, ending in suicide.00:19:32
Most money books talk about how to get rich, but few of them talk about how to stay rich.00:19:41
Getting rich and staying rich are two different skills.00:19:45
The writer says that the first requires risk and is a necessary part of making money,00:19:51
but the second requires humility and a bit of fear.00:19:55
Humility, which means not being deceived by your past successes and accepting that at least some of what you have done is due to luck, and cannot be repeated.00:20:05
By fear, the writer means the fear of the demise of what you built at the same speed, and this always reminds you not to go too far in taking risks.00:20:15
The writer says: If we summarize financial success in one word, it would be survival. That is, the ability to stay for a long time without withdrawing or giving up,00:20:25
and taking the mentality to stay in any financial, investment, or commercial strategy is very important for two reasons,00:20:31
not to take extreme risks that may end in a huge, very sudden loss that passes to everyone.00:20:36
And the importance of compound power, as we said previously, it does not work unless it is given years and years to grow00:20:44
, like the oak tree, for example,00:20:46
after one year of planting it, you will not notice any significant progress in its growth, but after ten years the difference will be enormous,00:20:54
and after fifty years the difference will be exceptional.00:20:58
And maintaining exceptional financial growth requires surviving all the sudden twists and turns that everyone experiences. To00:21:08
apply the survival mentality, the writer advises three things00:21:12
. Try to make yourself financially unbreakable00:21:15
instead of focusing on large returns, especially in times of crisis.00:21:20
Some opportunities may seem to have great returns, but the risk is also great.00:21:25
Be prepared and expect that your plans will not come to fruition the way the spreadsheet envisions.00:21:32
Providing a "safety margin" allows you to have flexibility when the randomness of life, politics, or economics affects your desired outcome. .00:21:42
This strategy increases your chance of success.00:21:45
Be optimistic and suspicious at the same time,00:21:49
optimistic about your success in the long term, and suspicious that the road to that success is full of bumps, difficulties and unexpected events...etc.,00:21:57
and it will always be like this,00:22:00
you need to be suspicious in the long run The short story to keep you in the game long enough to exploit long-term optimism00:22:08
The secret to success is tails Tails00:22:13
are a statistical term and tail events are rare events00:22:18
In the mid-thirties of the last century,00:22:20
Disney had produced four hundred00:22:24
cartoons, almost no profits, before they produced the cartoon in 1938 Snow White and the Seven Dwarfs00:22:33
made $8 million, but the studio was able to pay off all its debts.00:22:40
There are areas in which a person must be perfect all the time, such as flying a plane, and others in which he must be good almost all the time, such as a chef in a restaurant,00:22:51
but not in investment and business, a00:22:53
person can be wrong half the time, and still achieve financial success, Thanks to the tail events,00:23:00
Amazon, for example, is working on many failed and sometimes catastrophic products, such as the Fire Phone,00:23:06
and it loses a lot as a result00:23:09
, but it will compensate for it with products such as Amazon Prime and Amazon App Service, which are among the tail events of the company,00:23:16
as they are not among the products that were considered essential to Amazon. when asked but it worked.00:23:22
That is, for every Amazon Prime, there are many products that fail, and most of the time people00:23:29
only see the final product and do not see the losses incurred that led to its success.00:23:35
The most successful companies are the ones that do the most testing in order to produce - tail event - an unusual product,00:23:43
in investing you can be wrong on a regular basis, but you are right in general.00:23:49
What is important is not what the investor does in times of control,00:23:53
but rather during the one percent of the time00:23:55
, in times of madness and crisis. For example, the way an investor behaved for a few months between the end of 2008 and the beginning of 2009, during the financial crisis,00:24:07
is much more important than what he did during the years between 2000 and 2008.00:24:12
The success of the investor depends on how he behaves in the moments of terror that permeate his career00:24:20
. What is the biggest return that money brings in, in your opinion?00:24:23
To know this00:24:25
, the writer says that his desire when he was in college was to become an investment banker00:24:31
and his only motive was to earn them a lot of money.00:24:34
He was 100 percent sure that he would be happier to get this job.00:24:40
He joined in his first year a summer training in an investment bank,00:24:45
during his first day there he was surprised. Due to the difficulty of work, the00:24:49
work of bankers extends for long hours, as returning home before midnight is considered a luxury00:24:55
. He says that the job was intellectually stimulating and gave him a sense of importance, but he was a slave to the demands of his boss every second00:25:04
, and this job was one of the most miserable experiences of his life.00:25:09
The training period was four months, but he only endured one month.00:25:14
It would make him much happier00:25:21
. Why, because he lost control of his life and his time.00:25:25
He says the hardest part was that he loved work, wanted to work hard, but working even if you love it on an unmanageable schedule00:25:35
feels the same as working at a job you hate.00:25:39
Money, social status, fame, or material goods are not what ultimately brings happiness00:25:46
. In America, for example, their material conditions have improved dramatically in 60 years00:25:51
, but there is little evidence that its citizens are happier today than they were in the 1950s.00:25:58
In a Gallup poll,00:26:01
45 percent of Americans feel anxious, compared to the global average of 39 percent,00:26:09
and 55 percent of Americans feel a lot of stress, compared to 35 percent in the rest of the world.00:26:18
Money cannot give happiness, but the biggest return that money gives you is controlling your time,00:26:25
to do what you want when you want with whom you want.00:26:28
It allows you to earn more time and provides more possibilities00:26:33
. If you have a certain amount of money that is enough for you to live for a year,00:26:38
you will have flexibility in facing some of the ups and downs of life, such as losing a job, for example, or a casual health problem that prevents you from working.00:26:48
We will now talk about the lowest returns that money brings you00:26:53
. The writer wrote a letter after the birth of his son, in which he said:00:26:57
You do not want a fancy car and a huge house, but you want the respect and admiration from others,00:27:03
which these things bring,00:27:05
but you will not achieve that, especially from the people you want to respect you And they like you.00:27:12
The writer learned that after his work in the parking service,00:27:16
how the owners of luxury cars liked people looking at them,00:27:20
but00:27:25
they did not realize that most people admire the car and not the driver00:27:30
. They don't see it, but think about how much people would admire them if they had the same,00:27:38
they use their wealth as a criterion to be the object of love and admiration00:27:43
. This sincere humility and sympathy will bring you more respect than a luxury car. And the big, luxurious house00:27:53
Now tell me, do you know the difference between wealth and riches?00:27:58
A person can be rich with an income that provides him with the purchase of a nice car or a big house,00:28:04
but the only way the writer says to be rich00:28:08
is not to spend all the money you have.00:28:10
This is not the only way, but rather this is the definition of wealth.00:28:15
The difference between wealth and affluence must be determined.00:28:18
Wealth indicates current income. A man who owns a car worth a hundred thousand dollars is a rich person.00:28:24
In fact, we will not find it difficult to know the rich, as they strive to introduce themselves,00:28:31
but wealth is hidden, as it is unspent income,00:28:35
and its value is in providing options. and the flexibility to buy more things than a person can afford right now.00:28:42
Wealth is hidden things, it is everything that is not spent,00:28:45
it is luxury cars, large houses that were not bought, jewels and watches that were not worn00:28:52
. Of course, the rich also spend a lot of money, but even in such a case00:28:58
what we see is their wealth and not their wealth,00:29:02
their wealth is hidden in the assets accounts, investments, etc.00:29:06
We see the homes they bought, not the ones they could have.00:29:11
The world is full of people who look ordinary but are actually rich, and others who look rich but are on the brink of bankruptcy.00:29:20
Remember this when you judge the success of others and when you set your future goals,00:29:26
but if wealth is what we do not spend, what is the point of it anyway?00:29:31
Karim and Emad are two brothers who inherited the same amount of money, let's say a million dollars.00:29:36
Starting investing at the same time,00:29:38
Emad was a better investor than Karim,00:29:41
as he earns 25 percent annual returns, or $250,000,00:29:47
and Karim earns 15 percent, or $150,000,000 annually.00:29:52
But Imad's spending rate is greater because his lifestyle increases as his revenues rise.00:29:58
He spends $240,000 annually.00:30:02
Karim, on the other hand, is more efficient in dealing with his money and spends $100,000 annually.00:30:09
After 10 years, Karim will have seen you $500,000.00:30:14
While Imad only collected $ 100,000, although he is a better investor than Karim, and his annual returns are higher00:30:22
. Building wealth is more related to your savings rate than to your income or investment returns.00:30:29
It may be possible to build wealth without huge income, but it cannot be built without saving,00:30:34
but most people are in their quest For the rich, they focus on increasing their income instead of trying to curb their spending first00:30:41
, and this is more a psychological issue than a financial one00:30:45
. Once you meet your basics and some luxuries or comfort, your spending will be directed through your ego, to show people that you have money.00:30:55
Your savings is that gap between your income and your ego.00:30:59
If you can restrain your desires and worry less about what others think of you, you will be able to save more00:31:07
. The writer says that one of the most powerful ways to increase your savings is not by increasing your income, but by raising the level of humility.00:31:15
So the ability to save is completely under your control, in contrast to increasing your income, which you often cannot control.00:31:24
And do not forget what we said earlier that controlling your time and your options is the biggest return that money brings you,00:31:30
and this is the most valuable currency in the world,00:31:33
and for this reason, think about starting to save now, and before that start reducing your expenses today.00:31:40
Can the same plans and strategies of the past be applied to develop future plans?00:31:46
The Fukushima nuclear reactor disaster occurred in Japan in March 2011 due to the Tohoku earthquake and tsunami.00:31:54
The reactor was built to withstand the force of the worst previous historical earthquake, but the surprise was that the 2011 earthquake was worse.00:32:04
This is what happens in investment all the time. Economists and investors often use history and past data as a guide to the future.00:32:13
It is smart for a person to have a deep appreciation for economic and investment history. It helps to understand the whereabouts of some errors and calibrate expectations, but it is not a map for the future in any way.00:32:27
The interesting quirk of investment history is that the further back you look, the more likely you are to look at a world that no longer applies today00:32:36
. Many investors and economists take comfort in the fact that their predictions are backed by decades, even centuries, of data.00:32:46
The economy developed and shifted from industry to technology and informatics,00:32:51
which led to an increase in competition among those looking for opportunities.00:32:55
In the past, for example, a person could only compete with the people of his city, but now you are competing with millions from all countries00:33:03
. Let's take the classic investment book: The Smart Investor00:33:07
. The ideas that came in it are no longer valid for today's world, because the data, conditions, and even the economy have changed since 1949,00:33:17
and even its author Graham said at the end of his life in 197600:33:23
that he no longer believes in the individual stock hedging techniques that he founded forty years ago because the world is no longer the same.00:33:32
There is another thing to consider when making financial plans, to know what00:33:37
the illusion of the end of history is. It is a term in psychology that appeared in 2013,00:33:43
and it is a psychological delusion in which individuals of all ages believe that they have witnessed significant self-development and changes in tastes up to the present moment,00:33:52
but they will not grow or Intrinsically mature in the future, that is, they00:33:57
will remain the same in the future. Despite realizing that their perceptions have evolved, individuals predict that their perceptions will remain approximately the same in the future.00:34:06
That's why many people do long-term financial planning, unaware that their goals and desires change over time00:34:15
. Long-term financial planning can be more difficult than it seems. It00:34:19
's hard to make permanent, long-term decisions when a change in your viewpoint about what you want in the future00:34:27
is likely. The money you decided on ten years ago no longer belongs to you because you are a different person now.00:34:36
You can give it up and replace it. It can be a good strategy to reduce regrets in the future.00:34:43
After this, you have to determine your own financial identity.00:34:48
You can talk to knowledgeable friends or read books from financial experts to develop your understanding of investment,00:34:55
but do not seek to blindly imitate others, because they do not have the same vision of the world,00:35:01
nor the same financial goals and do not play the same game.00:35:04
Start with a question Tell yourself about the game you are playing and how to play it, what are your financial goals...etc00:35:12
. When your mission is clear, you will be less inclined to imitate.00:35:17
I will put for you in the description box an article on how to put financial plans00:35:23
in the end, let's put it all together00:35:26
. The writer says that he does not know your desires, when you want them, or the reason behind that. He00:35:32
will not tell you what to do with your money,00:35:36
but he gives you some brief recommendations that will help you make financial decisions. Better, actionable,00:35:43
it serves as a summary of everything we've said00:35:46
Do your best to be humble when things go well, and to00:35:51
be forgiving and merciful when things go wrong00:35:55
. Lower your00:35:59
ego to increase the possibility of getting rich00:36:03
. Saving is the gap between your ego and your income00:36:08
. Make financial decisions so that you can sleep comfortably at night00:36:14
. Kind and compassionate,00:36:17
you will gain more respect and admiration than buying things to impress.00:36:22
Save only for the sake of saving00:36:25
, not for the sake of buying something or spending a vacation00:36:28
. Saving is your best protection against the unexpected, and it may happen at the worst possible time.00:36:34
Give yourself a margin of error between your expectations and reality This will00:36:38
give you the ability to stay in the game to take advantage of the combined force00:36:44
. Your goals will change and change, so do not take extreme decisions so that you do not regret them.00:36:51
Determine the game you play and make sure that00:36:59
you are not affected by people who play different games00:37:03
. Money and your pursuit of wealth are a means, not an end,00:37:08
a means to make those around you happy, do good, help people and draw a smile,00:37:14
not an end in itself, for arrogance, showiness, prestige and injustice.00:37:19
I was with you, I am Saïd Ould Mohamed, and I wish you all success, and may you always be wonderfulDescription:
مقال عن كيفية وضع الخطط المالية https://www.aljazeera.net/ebusiness/2022/7/9/%d8%a3%d8%b3%d8%a7%d8%b3%d9%8a%d8%a7%d8%aa-%d8%a7%d9%84%d8%aa%d8%ae%d8%b7%d9%8a%d8%b7-%d8%a7%d9%84%d9%85%d8%a7%d9%84%d9%8a ------------------------------------------------------- النجاح المالي ليس علما صعبا ولا دقيقا، بل هو في الحقيقة مهارة ناعمة يتفوق فيها السلوك على المعرفة، حيث يمكن لشخص عادي يعرف كيف يتصرف أن يكون ثروة بينما شخص عبقري في علم المال ولكنه يفقد السيطرة على سلوكه أن يكون كارثة مالية، وهذا ما يفسر نجاح شخص ذو تعليم متواضع وسيرة مهنية بسيطة مثل رونالد ريد وفشل آخر صاحب تعليم مالي راقي، وسيرة مهنية مبهرة مثل ريتشارد فوسكون. عام ألفان وثمانية عشر كتب الصحفي المالي في صحيفة وول ستريت جورنل مورغان هاوسن، تقريرا أورد فيه العيوب والأسباب الأهم للسلوك المؤثر على الناس عند تعاملهم مع المال، أطلق على التقرير اسم سيكولوجية المال، وبعد عامين تعمق في الموضوع أكثر في كتاب بنفس الاسم، سيكولوجية المال أو علم نفس المال، وهو المهارة الناعمة. --------------------------------------------------------------------------- توقيت الأفكار 0:01 مقدمة 3:13 من أين جاء هذا الكتاب؟ 4:38 سيكولوجية المال 6:47 الحظ والمخاطرة 12:15 كيف تجعل المرمى ثابتا؟ 16:13 القوة المركبة الخارقة 18:58 الحصول على المال شيء والاحتفاظ به شيء آخر 22:08 سر النجاح هو الذيول 24:20 ما هو أكبر عائد يجلبه المال ؟ 26:48 أقل العائدات التي يجلبها المال لك 27:53 ما هو الفرق بين الثروة والغنى؟ 29:26 الإدخار 31:40 استراتيجيات الماضي الو خطط المستقبلية 33:32 وهم نهاية التاريخ 35:23 لنضع كل ذلك معا ----------------------------------------------------------------------- instagram https://www.facebook.com/unsupportedbrowser Telegrame https://t.me/audioteb القناة الثانية https://www.youtube.com/channel/UC5F_Oju1tlegrVN_8NGRQOQ Email : [email protected] ------------------------------------------ تلخيص و قراءة : سعيد ولد محمد ------------------------------------------ ملخصات قد تهمك ملخص كتاب : الأب الغني الأب الفقير لروبرت تي.كيوساكي https://www.youtube.com/watch?v=akjLmKSjnww&t=11s إمتلك صباحك لتمتلك حياتك| ملخص كتاب : نادي الخامسة صباحا لروبن شارما https://www.youtube.com/watch?v=CJ6HpNJowRc&t=3s ملخص كتاب : العادات الذرية لجيمس كلير https://www.youtube.com/watch?v=oJWsYvUpMlM&t=7s السبيل إلى المَعلمَة و الإتقان --- ملخص كتاب : الإتقان لروبرت غرين https://www.youtube.com/watch?v=rdKeh8QDLPk&t=49s ملخص كتاب : 15 سرا يعرفه الناجحون حول إدارة الوقت https://www.youtube.com/watch?v=CcKOs9YhS2M&t=178s
Preparing download options
* — If the video is playing in a new tab, go to it, then right-click on the video and select "Save video as..."
** — Link intended for online playback in specialized players
Questions about downloading video
How can I download "هذا ما سيخبرك به المال لو تكلم / ملخص كتاب سيكولوحية المال" video?
http://unidownloader.com/ website is the best way to download a video or a separate audio track if you want to do without installing programs and extensions.
The UDL Helper extension is a convenient button that is seamlessly integrated into YouTube, Instagram and OK.ru sites for fast content download.
UDL Client program (for Windows) is the most powerful solution that supports more than 900 websites, social networks and video hosting sites, as well as any video quality that is available in the source.
UDL Lite is a really convenient way to access a website from your mobile device. With its help, you can easily download videos directly to your smartphone.
Which format of "هذا ما سيخبرك به المال لو تكلم / ملخص كتاب سيكولوحية المال" video should I choose?
The best quality formats are FullHD (1080p), 2K (1440p), 4K (2160p) and 8K (4320p). The higher the resolution of your screen, the higher the video quality should be. However, there are other factors to consider: download speed, amount of free space, and device performance during playback.
Why does my computer freeze when loading a "هذا ما سيخبرك به المال لو تكلم / ملخص كتاب سيكولوحية المال" video?
The browser/computer should not freeze completely! If this happens, please report it with a link to the video. Sometimes videos cannot be downloaded directly in a suitable format, so we have added the ability to convert the file to the desired format. In some cases, this process may actively use computer resources.
How can I download "هذا ما سيخبرك به المال لو تكلم / ملخص كتاب سيكولوحية المال" video to my phone?
You can download a video to your smartphone using the website or the PWA application UDL Lite. It is also possible to send a download link via QR code using the UDL Helper extension.
How can I download an audio track (music) to MP3 "هذا ما سيخبرك به المال لو تكلم / ملخص كتاب سيكولوحية المال"?
The most convenient way is to use the UDL Client program, which supports converting video to MP3 format. In some cases, MP3 can also be downloaded through the UDL Helper extension.
How can I save a frame from a video "هذا ما سيخبرك به المال لو تكلم / ملخص كتاب سيكولوحية المال"?
This feature is available in the UDL Helper extension. Make sure that "Show the video snapshot button" is checked in the settings. A camera icon should appear in the lower right corner of the player to the left of the "Settings" icon. When you click on it, the current frame from the video will be saved to your computer in JPEG format.
What's the price of all this stuff?
It costs nothing. Our services are absolutely free for all users. There are no PRO subscriptions, no restrictions on the number or maximum length of downloaded videos.