terms of money. If you are creating a product and  want to know how many people it's going to help,  

all you have to take a look at is your sales. Your hard work is measured only in terms of how  

much money it can create. I know  that it sounds selfish and evil,  

but that's our reality, and we all unconsciously  follow this concept. Let's say I put a thousand  

hours creating this video or a movie or  a product. Are you going to watch it just  

because I have spent so many hours creating it? Of course no! Why would you waste your time?! 

My effort is not an excuse for  you to waste your time or money? 

On average, there are 700 movies produced in  Hollywood per year. How many of them do you watch? 

A fraction! Although people have spent countless  hours and money to create these movies. 

In other words, we are all capitalists  to a certain extend. It's human nature,  

but here is the problem. The subject of money is  not taught in school. We are taught chemistry,  

physics, literature, which are all important. We  memorize a bunch of facts that we never use just  

to pass the test, but when it comes to money which  is an essential part of our lives, we somehow skip  

it and consider it as something unimportant.  That's why we go and get a 100K dollar student  

loan to get a degree that doesn't even guarantees  a job. And the funny part is that there is no way  

around that debt. Even declaring bankruptcy isn't  going to help you. You still have to pay for it. 

Don't get me wrong. Student debt  has worked great for many people,  

but it also ruined a lot of lives, especially when  40 percent of college students never graduate.  

That college degree is absolutely useless if you  don't graduate. Only if these people have been  

taught financial literacy back in school, they  would have measured whether taking a 100k loan  

is a good investment in themselves. Fortunately for me, I didn't get a  

student debt. I worked tirelessly throughout my  college years to be able to pay for my tuition  

without getting into debt. Yes, I have missed  a lot of parties, but I don't regret it. 

Student debt is just part of the problem.  Even once they graduate, they keep repeating  

the same financial mistakes over and over. Even a  thousand-dollar emergency can push most Americans  

to go into debt. Less than 40 percent of Americans  can cover unexpected thousand-dollar emergencies.  

So here in this video, I am going to give  you the best money advice no one told you. 

Your school should have taught you, but it didn't.  

Your parents should have taught you,  but they are the victims of the system. 

So if you are ready, give this video  a thumbs up, and let's dive in. 


 Be rational with money.

Handling money is not as difficult as many  people might imagine. It's a lot easier than  

you think, but the keyword is - think. Most of  our financial decisions are made without really  

thinking about them deeply. Why did you take  that student loan? Because everyone else does. 

Wait for a second, did you think about how useful  it's going to be to you? Not really! Let me give  

you another example. When you buy a stock, for  example, or an asset. You always think in terms of  

why buying that asset is a good  idea. Maybe because it's undervalued,  

maybe because it seems to you like it's  going to double in the next year or so.  

But what most people don't consider is  that and lose money when investing is  

because they don't ask themselves - why  that person wants to sell this asset? 

When you are buying bitcoin, for instance, for  50K dollars, no one is creating a bitcoin out  

of thin air to give it to you like iPhones. You  are buying it from someone else. The question is  

if you are so deeply confident that the bitcoin  price will double in the next few month or year  

if you know that it's going to reach 100K dollars  or a million dollars. Why is that person or that  

investment bank or one of the early Bitcoin  holders who owns these bitcoins selling them to  

you for just 50K dollars? Doesn't he want to keep  it and sell it once it crosses a million dollars? 

Maybe because he knows something that  you don't? Maybe the reality is slightly  

different from what you might think. Especially when you are competing from  

your dorm room with investment banks that  have thousands of analysts working for them,  

analysing every aspect of this asset. Let's take another example. Most people  

don't care about the small day-to-day expenses.  A few dollars on avocado toast or 4 dollars on a  

Starbucks coffee should not make a difference. Those 4 bucks that you spend on a fancy cup of  

hot drink do not seem to make a difference. At  the end of the day, we work hard to earn money  

so that we can afford a more luxurious life. What is the point of denying yourself that  

pleasure if it's not going to make  any difference at the end of the day? 

4 dollars a day is just 120 bucks a month  and $1440 a year. Which is a lot of money  

but still isn't really a deal maker since  you are getting instant daily pleasure. 

Even if you look at it from a long-term  perspective, like 30 years, it's just $43,200,  

which is not even enough to get you a house.  Maybe enough for a downpayment in some states. 

But by then, you will be an old man.  
 

And secondly, if you do not buy that morning  coffee, you will probably spend that money  

elsewhere. Let's be honest, Chances that you will  put aside every morning 4 dollars aren't high. 

There are a ton of people who do not buy a coffee  every morning, and yet they are in no better  

financial position than you! 
 

However, there is a different side to that story! Let's try to look at everything from a completely  

opposite angle where that cup of coffee can be  a deal maker between you becoming a millionaire  

or not! 
 

What is the opportunity cost of that daily coffee?  What if you do not just save that 120 bucks but  

invest it every single month over the course of  30 years. If you take the historical average rate  

of return, which is 10%, that would be $285,685  dollars which is a decent amount of money. It's  

way more than $43,200, but it still isn't going  to make you rich, especially after 30 years. 


 However, when you start  

looking at it from that perspective, you start  counting the opportunity cost of everything else.  

The avocado toast that you buy together with  your coffee, your iPhone that you update every  

September. Every time you eat outside instead  of cooking at home, all the clothes that you  

buy but don't really wear, all the money that you  spend on alcohol, and the list goes on and on.  

And if you take the total sum, it starts  making a difference! A real difference!  

You realize that your chances of becoming a  millionaire are very high if you choose to be  

more conscious of your spending. 
 

But, you may say, what is the point  of sacrificing my entire life so that  

when I am 70, I can sit on a pile of cash? And you are absolutely right! You shouldn't!  

That's really dumb! 
 

Your time is limited here on earth. You are not  going to live forever. You won't be able to take  

all that cash with you to your graveyard. You  should do your best to spend as much as you can,  

except if you want to leave something  behind for your kids. But at the same time,  

you don't want to worry about money all  the time, throughout your entire life. 


 That's why you should try to reach to a  

point where your investments are much higher than  your expenses, and you will keep getting richer  

every year regardless if you buy that coffee  or not because your investments are growing. 


 And that takes me to the next  

point - always think long term.  
 

Let's say you are about to get into college.  If you think strictly in terms of 4 years,  

then getting a student debt, for example, is  great because you will have the time to party,  

hang out with friends, and have fun while  getting your degree, but if you think in  

terms of 20 years, you realize that you will  have to pay off that debt once you graduate.  

The point isn't whether student debt is good or  bad, but when you take any financial decision,  

think about whether, in the long run, you  are going to be doing well financially. 

Of course, we don't know how long are we going  to live, but life expectancy in the US is around  

78.5 years, so it's better to plan that way  even if you might not end up living that long. 


 But here is another misconception  

that people have. Let me make it clear and simple  - money is not going to solve your insecurities. 

You can be driving a Lambo, flying private while  still be insecure. So if you are chasing money to  

feel more confident, attract more attention,  or build friends. Then that's a bad idea. 

Money solves a lot of problems, but insecurities  aren't one of them. People realize too late  

chasing money their entire lives only to  discover that there are actually problems  

that money can't solve. So, while it's important  to strive to become financially independent,  

there are plenty of ways you can improve your  life even if you are barely paying your bills. 

Anyways, it's time to go and get your two free  stocks from we bull of you. Use the link in the  

description. Or check out my special course  on Skillshare that will teach how to invest  

in the stock market like those rich people. And most importantly, give this video  

a thumbs up if you want to help and  subscribe if you are new around here. 


 Thanks for watching and until next time.