How to Properly Manage Your Money Like the Rich | Tom Ferry

Share
Embed
  • Loading...
  • Published on:  Thursday, September 7, 2017
  • It's not about how much money you earn. It's what you do with the money that matters.

    In this video, I'm going to show you a business strategy on how to manage your money. I'm not gonna tell you what to invest in. That's not my role. Here are the best ideas of what the best professionals do to manage their money.


    Learn more from Tom LIVE at the next Summit event: https://tfi.media/2UC21rg

    ------------
    I hope you got some helpful tips and new ideas from this video. To ensure you don't miss all my FREE training videos all you have to do is sign up here with your email:
    http://bit.ly/TomFerry-VideoTraining

    Get a FREE copy of my new book:
    http://bit.ly/2Bblstw

    Download FREE Agent Scripts and Resources:
    http://bit.ly/2iDEjpJ

    Tom Ferry Coaching:
    http://bit.ly/2eP8UlA

    Tom Ferry Events:
    http://bit.ly/2gQBjbD

    Join Tom's VIP List:
    http://bit.ly/2sMb73n

    -------------
    Connect with me on my other social channels:

    Website - http://TomFerry.com
    Facebook - http:///TomFerry
    Twitter - http://twitter.com/TomFerry
    YouTube - http://youtube.com/CoachTomFerry
    Instagram - http://instagram.com/TomFerry
    Podcast - http://soundcloud.com/CoachTomFerry
  • Source: https://youtu.be/wJB90G-tsgo
Loading...

Comment

  • Johnny Walker

    Johnny Walker

     11 hours ago +3

    step 1: have more money than you need to pay all your bills

  • Jeremy O'Neal

    Jeremy O'Neal

     yesterday

    Trash

  • 4FIVE HD

    4FIVE HD

     yesterday

    my other mom owe me 5$

  • steve c

    steve c

     yesterday

    Tom, you are an idiot! Where do we first get the money to manage?

  • Shamar Coke

    Shamar Coke

     yesterday

    Words of wisdom

  • Whisky Cask Company

    Whisky Cask Company

     yesterday

    Great stuff. Thanks for sharing anyway!

    https://youtu.be/CNPolTUuPYM

  • Srijan Tamang

    Srijan Tamang

     yesterday

    Lovely video! The only program that earned me real caash from day 1 and works from anywhere look up in Google this with-out spaces GetP aidHo m e .c o m

  • Brian Mgubungu

    Brian Mgubungu

     yesterday +7

    Like tom said, it's not about how much money you make but about how you invest your money.
    You can build wealth by investing in yourself but also in others as well, for example i invest with a professional stock trader and i get paid monthly. A lot of you would know Mr Jordan Arnold, he's a verified investment adviser and one of the best traders i know. He helps me trade stocks in my brokerage account account and i get paid monthly, no less than $10,000 monthly.

  • Paiden Jenkinson

    Paiden Jenkinson

     2 days ago

    He says to open a business account. And tells everyone to? Now I’m presuming not everyone there is an entrepreneur; what are the rules on opening an account. Can I license an company and apply for one? Or does this need to be a legitimate business???

  • Ervin Hyka

    Ervin Hyka

     2 days ago

    https://record.axiaffiliates.com/_EtgF4_wjobWuqxJ1W5ErsWNd7ZgqdRLk/1 Become the new Warren Buffett. No time to waste!

  • SNKRhead Games

    SNKRhead Games

     4 days ago

    HAHA WHAT?! I think it’s 100% that “have to work to make money”

  • The 19th Fighter

    The 19th Fighter

     4 days ago

    14:31 This reminds me of a C++ custom allocator.
    Basically, you assign a budget/memory size/resources for everything,
    and when you're running low on something, you will be able to know why.
    Otherwise you will look up and wonder, where all your resources went.
    I think the more interesting part is, how you divide your money among them.
    And those values are probably the most interesting part.


    But you can work out the balance, by looking where you have much more left than expected
    and ask yourself if you want to invest more into it or less.

  • Kaos 911

    Kaos 911

     4 days ago

    Ferry keeps up the heat with continuous coaching, live events, and training seminars. The cost for all of this support is between approximately $7,000 and $27,500.

  • Abdul Syed

    Abdul Syed

     4 days ago +1

    But no one tells how to invest.. could you please help us in investing..

  • Bbbb ballislife

    Bbbb ballislife

     4 days ago

    Others say, like Dan lok for example: take as muvh money out of your company as possible as a vampire
    If u reinvest too much at once u have nothing left to rebuilt or start over again at bad times. At least take out the money and reinvest on sth else too instead of loosing it by leaving it in one company

  • kshuf

    kshuf

     5 days ago

    We've created wealth like this. Some money goes to home expenses, some goes to investments, and some goes to "escrow" for taxes that will be due Apr 15th of the following year. I must admit though, our household gets money through a corporate job which is a steady check, a 401k, ESPP, HSA, and 529 accounts. I've had my own business and I've worked for corporate America and to put money away for investments is very difficult when you don't have a steady income and money comes in unpredictable chunks. I've created a whole lot more wealth working for corporate America than I did as an entrepreneur/small business owner. Being a small business owner requires a whole lot of discipline in a whole variety of ways.

  • G S

    G S

     5 days ago +1

    My dad's generation never had a card. He said if you have no money then no buying anything. Put all the notes inside the cabinet.

  • Qualis Williams

    Qualis Williams

     5 days ago

    When white people start talking about generational wealth I cringe cause I know it was off the backs of my people and that's bogus as hell cause I'm here learning lessons that my peoples efforts could've taught me via the same way they know 🤣😂😂😂 now I gotta try to sit here calmly like lowkey I'm not bitter about the shit but yo money is a tool

  • Ben Lovro

    Ben Lovro

     5 days ago

    🚨🚨🚨 BOOM! Love the content Tom! Keep showing people road map to help catapult their lives and grow into the people that they were created to be. Would love to have you on our Podcast at some point to share some knowledge with our audience.

  • qlimaxer

    qlimaxer

     5 days ago

    Bullshit 50% Bullcrap 25% Bullballs 25%