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

121658 ratings | 7243140 views
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://facebook.com/TomFerry Twitter - http://twitter.com/TomFerry YouTube - http://youtube.com/CoachTomFerry Instagram - http://instagram.com/TomFerry Podcast - http://soundcloud.com/CoachTomFerry
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Text Comments (3601)
William Rosales (10 hours ago)
Lesson 1. Get rich. Talk done.
Ace Hardy (1 day ago)
👑
Peter Jones (2 days ago)
Just common sense. Is this not taught in schools?
Monsterfilmtrailer (2 days ago)
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Angel Madrigal (3 days ago)
The rich hire people to manage their money dunno what you're talking about
Sunny Smith (3 days ago)
How to start your own ATM machine business! https://sunnydoes.selz.com/
FRANSOA SUPERSTAR (3 days ago)
Excellent Vidéo. But personally i am one of the luckiest who join alphecka.com and they know how to make money.
Md. Masum Omar Jashim (4 days ago)
He forgot to tell us the most fundamental thing the rich do, put all your money in safe havens like Luxembourg with low tax rates to avoid paying taxes in your country and expect the middle class and the poor to pay the taxes on your behalf because they are the ones with the most money :). That's how you become and stay rich!!!!!
Gotta Go (5 days ago)
You are confusing
dima dulu (7 days ago)
Thanks Bro what I have benefited is that one should save more than consume and also try to invest smart for future thanks alot.
Leon Cheung (7 days ago)
5%of income set aside for real estate hoping one day to buy a real property? What kind of monthly income is that?
Life Upgrade! (8 days ago)
I really need that $10k to hit my business account!! lol
Gee Sonexayk (9 days ago)
Dumbest thing I ever heard..Only works for 5% bracket..
TheZakkmylde (9 days ago)
Ok so what if you don’t have a business like many people and just have a 9-5 job? Incorporate a business doesn’t make sense am I right ? Like the 80% he talks of. What do they do?
Alan Espinoza (10 days ago)
what he’s teaching us is common sense, but the crazy thing is we have so many people who get into debt because they don’t teach this in our school system where it should be fucken taught, we need to wake up and self educate the future education so they won’t self sabotage themselves and create a bigger mess of what already exists. I guess what I’m trying to say is teach people who don’t know these values and principles because most people aren’t taught common sense because of gross parents or the gross unfortunate environment they may be in. Also we live in a system that tries to divide, and segregate so many people instead with all the labeling and bs that exist, and this system produces a tyrannical survival of the fittest mentality that separates us from the beauty life should be. I hope whoever reads this can become inspired to help as many people as they can and try to make a difference not just financially but as a whole society because just like we are able to be taught how to live in financial freedom we can all be taught to live in harmony with everyone who exist in this planet. I guess it’s that time we all make a stand and push all the bs to the side. And god bless people like Tom Ferry who have the heart to educate people to live better lives instead of being so centralized on his own agenda we need more people like that. ❤️❤️
TrendingFun (10 days ago)
Top 10 tips from successful people to earn more money and increase your net wealth https://www.youtube.com/watch?v=PUH6-KjNfh8
Dinesh (10 days ago)
https://www.youtube.com/watch?v=_8qINEZbH-8
Dinesh (10 days ago)
A very useful app to track your expenses and bills easily: https://www.youtube.com/watch?v=_8qINEZbH-8
Jason Maggard (11 days ago)
Great video
Karma WOUNGEL Pakhrin (11 days ago)
Just go with the flow everything is destined
Happy Sisters (11 days ago)
Oh so the conclusion is the poor man has a happier life. The poor man spend it all on happiness. The rich man spend his life paying staffs paying mortages and paying taxes and live an empty boring dull grinding life managing people managing taxes managing properties.
Giddy Digs (12 days ago)
Let me sumerise this. "BUDGET"
J. A. (12 days ago)
Who is this guy’s dad??
PIRRURRIS LO (12 days ago)
Nice Video! Excuse me for the intrusion, I am interested in your thoughts. Have you heard the talk about - Schallingora Brain Reconstruction Scheme (just google it)? It is a great one of a kind guide for learning how to acquire the mind of a millionaire without the headache. Ive heard some interesting things about it and my cooworker got excellent results with it.
salv236 (13 days ago)
im invested in the stock market as a long term value investor however im looking to at least swing trade one company to generate money where i boy at its low point and sell at the high point targeting companies that have a large market cap
Jason V (14 days ago)
How does tracking money vai spreadsheets compare to software programs like quicken? What are the best ways?
wonky tonky (14 days ago)
did all that ppl sitting there pay to sit there.. well thats how you make money .. lol find enough dumb ppl to pay for somthing that you can google anyway
Tim B (15 days ago)
Make hundreds of dollars 20 or more dollars a day doing surveys watching videos and more
learn2 farm (15 days ago)
After the best money managers almost destroyed the world economy... who believes this goofy bastard is gonna have a foolproof plan for making money? Me either their all just winging it hoping they dont ruin people who worked their whole life contributing to the 401k and whoops we did some risky shit.. an your moneys gone, but I still got a bonus for literally burning the company I run to the ground and its way bigger than your life savings. The experts cant guarantee you save your whole life and the dollar wont become worthless.
Uh-oh~! What happens when it crashes? Be only Bitcoins as an adaptive means to an end. Might as well earn some for free. Just watch a couple videos and Shazam~! $10 bucks and up to $50 more. These guys are just giving them away:
https://coinbase.com/earn/xlm/invite/0tmsdnyw
Amade Colenbrander (15 days ago)
What if you don't have a business to open a business account
A Ahmad (15 days ago)
Former Student of Legacy Education lol
Amir (15 days ago)
Check the cheques
420Bake dankshit (15 days ago)
The goal is to get rich. This video has little information for that. I never been arrested and work my ass off every damn day. I save and save. Ive been driving with the same tires for 4 fucking years. Ive been doing really well with my money. Then taxes came in and bent me over so Uncle Sam could fuck me. Literally working for peanuts.
hi bye (16 days ago)
The youtube comment's are wiser than the actual video
Marcos Santana (16 days ago)
Thank you!
SuperJayyan (16 days ago)
1:10 "my grandfather, my mom's mom" LOL
big tain (17 days ago)
Brilliant video, having said that whenever i require a little bit more cash I make use of this bit.ly/2TBAHUF
Juan Martinez (17 days ago)
This doesn't apply to the average person
jimboslice613 (17 days ago)
Welcome to the age of gluttony. Do the sheeple actually watch these bullshit videos?!
Make Cash (17 days ago)
make a long ass video and put it on YouTube. Get 7 million people to watch it. Make thousands from ads. Job done.
ucheucheuche (17 days ago)
Hold on! REWIND! 13:45 Credit card at x% = dumb debt 'Mortgage' at x% = DUMB debt as well. Mortgage is liability.
Diwash Bista (18 days ago)
Incredible video, on the other hand when I want some extra money I make use of this bit.ly/2Yyu5Ko
Georg Mörgæs (18 days ago)
I lost 800$ in a sporting bet manu nt vs wolves
Dre (18 days ago)
Just another video of a dude who think he knows everything
Morgan Reader (19 days ago)
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hot flamez (19 days ago)
Very educating video but trading with Mr George jorkin has been the best so far....you keep making huge profit
Amol Thikane (19 days ago)
Hopeless information !
Dr Solace (19 days ago)
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Dan Haren (20 days ago)
Take all of your money..... buy scratch offs.
Bill Jones (21 days ago)
What money?
Relinquish (21 days ago)
I’m 20 years old and today is the day I change my life forever thank you so much
IM KHAN (20 days ago)
May you get success in your journey
Rajesh S Iyer (21 days ago)
Time waste... totally
colonel radec (21 days ago)
smokkkkkin crack 😂 yess lets take 5% of the leftover 1300 dollars and put that into a future account for buying property. 65$s a month 🤓 so 780$s a year. lets pretend inflation doesn't exist 😃 simple math 780 dollars a year times 10 years thats 7,800$ after 100 years youd have 78,000. im 34 and was looking to buy my first house this year.. the cheapest crack shit falling down house in my tiny shitville town where every home is muchhhh cheaper than my surrounding cities.. the cheapest house on the market was 35 grand. basic rounding thats roughly 50 years 😂 a case of beer would be a better investment xD im not rich.. and i dont know how i got to this video.. but if i had to guess how the rich managed money id guess they stuck it all back into making more money. if i were to sit down and decide i wanted to get rich id take every single leftover dollar.. and try to turn it into a business over and over and over until 1 worked. so what if you "wasted" 500 dollars of your last months checks on a failed business idea. id bet if you kept at it long enough and tried your ass off 1 business would succeed and your wouldny have to manage your money because youd be fucking rich as fuck. dont listen to this dweeb.. who probably inherited his money from his famous dad that he talked about??? whoever the fuck that is 🤔 sounds like he was rich.. generationally rich 😂 hes making money spewing bullshit, like he cares if it fuckin works or not lol just has to sound good. go get a job pay your bills, dont be scared to spend some money on you. eat decent food have a normal spending system... but set a chunk aside and make a business. this economy sucks balls, everybodys running out of money, every normal person. set that chunk aside and go get rich. takes guts and can do attitude. they used to say if getting rich was so easy everybody would do it... but thats why people dont get rich.. they dont try to 😂 cause they believe its so outa there grasp its not plausible so they get a job and live an average life. imma go put my money where my mouth is and get rich lol fuck workin a 9-5 and barely scraping by or working 14 hour shifts but having no time to spend my money. done with that shit and you should be too..
Eli M (23 days ago)
You only live once. go on vacation see the world and stop worshipping the money
upvisuals (23 days ago)
Did he say mortgage is a good dept? Lol
eCommerce Secrets (24 days ago)
As a beginner in business, I have not yet considered a business account. I wonder if confidence is the key to completing paper work. I feel I'll get the confidence to grow my business when I start making some real money with my business.
Cirilla Rizzo (24 days ago)
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Charlie Hacker (25 days ago)
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P3rsian Aza3l (25 days ago)
What a douche
P3rsian Aza3l (25 days ago)
This guy's all over the place.
dan (25 days ago)
You need to generate wealth and value and fill a need before your needs get filled. working a job you are not feeding a need of people , you are feeding the need for the boss for you to show up on time bite your tongue and deal with people walking all over you. have you questioned why the fuck your boss is not working for some one like you? really think about it
Bear Shifflett (25 days ago)
So what does a car payment fall under?
BIG BONE Z (25 days ago)
thank you very much am 19 and am lucky to watch these
Damon White (25 days ago)
What if your a W2 employee? Can this principle still apply?
The Firm Believer (25 days ago)
Money is just a tool to let you do more of what you do It's not about how much money you make, it's what you do with it that counts
I sleep tatami
So.....do a bunch of jew stuff to get 3% on 100k after 3 years....or just go to work on Saturday....fuckin Jews run America
Andrew Lawgar (26 days ago)
Does he get paid to say money management ABC that everyone learns in primary school?
KLNDK (26 days ago)
I don’t know why i clicked on this but I’m guessing this is a video for people who own a business, right?
Candy Smith (25 days ago)
Yes, it's for Real estate agents
Cchico Bailey (27 days ago)
Everyone commenting is dumb. The narrative is put money away or invest. I thought this was very useful.
Styleby Cre (27 days ago)
Good to know I'm on track minus the tax acct
on the rocks with salt (27 days ago)
If you're in Canada you'll be lucky to see 45%. Remind me how great that socialist medicine is again?
Sr D (23 days ago)
I feel you bro... In my country we have an over 60% tax pressure.
Basil Zaff (28 days ago)
"Money's A Tool. Nothing More, Nothing Less" favorite line
pramod venna (29 days ago)
Cheque or check..... Checkmate.. check before you check (cheque) it
Al caponeひ (29 days ago)
Just bought a quater-pound finna flip that shit.
TVLegacy (29 days ago)
Taxes taxes taxes taxes ... I need a tax attorney lol
ABC gray (29 days ago)
Make money online with CBD/Hemp products https://www.PremierAbundance.com/naturescall
iiFUGHTER 16 (29 days ago)
Those Jews knows the money talk
Tome Pollom (30 days ago)
14:14
Sam Turner (30 days ago)
This guy seems like a douche
UAslan (1 month ago)
I didn't like the presentation and I don't agree
Moritz Lehnhardt (15 days ago)
UAslan i have respect for this statement
اویس احمد (1 month ago)
Excellent explain
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Alexi Barroso (1 month ago)
What if I’m not a real estate agent?
William Colchester (1 month ago)
Hey bro like you said. I opened a company . Now Kindly upload next video how to file bankruptcy
Tshepo Shai (6 days ago)
lol
kenza frederick (15 days ago)
😂
William Colchester (1 month ago)
Easy number right. I got a check for $1000 $700 goes to rent. $200 for living $200 for all bills. Question ????? -100 should I put it in my fun account, savings acct or cash account. Sorry or to my property account which I will find out later that it went to $185000
Bola Osotule (1 month ago)
Great piece!
Michael (1 month ago)
Debt is a prison.
God I hope people didn't pay to see this.
Sleep paralysis, but its him saying 80% over and over.
luis coronel (1 month ago)
my yearly wage fluxuates from 38-45k per year. I have a roth IRA I have been putting 5.5k every year this is my 3rd year and I am up 15%. Also have my 401k and I put the max which is 7% and I've had it for almost a year and a half and now I have it at the low 6k. No one in my family does this I was taught by others. Is there any thing else you recommend me doing? Thanks for reading
Chris Hansen (1 month ago)
buying a home is overrated. most people never own their home, instead, they commit to a liability that requires 200+ monthly payments - then there's the interest on the loan. If you know how... home investment money is better off being used to make more money elsewhere. gotta weigh up that opportunity cost. Home ownership is 100% propaganda and bullshit with banks making dime on a global scale, the same goes for the education industry. They're farming us like cattle.
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messi9991 (1 month ago)
Um, common sense much? I wonder how much he makes from this nonsense and the people gobbling it up.
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Feyo Lopez (1 month ago)
Rich Dad Poor Dad. Robert kiyosaki's student?
Jose Hernandez (1 month ago)
Step 1 and step 2 There’s no such thing as step 1 and step 2. There’s no such thing as Rich and poor. It’s more about if you got the mentality to save up your $$ and as you save up day by day week by week. That’s how you’ll end up with lots of $ on you and the same goes to the poor. Even if you got $5 on you, you can still save it Incase you want something from the store or want to save up more: One thing most people don’t understand, from 1cent to 75cents everything counts.. also it doesn’t matter if you are extremely rich all that can be taken away from you on sec. remember death is everywhere around us. So be prepared and do positive choices.
Wun Foe (1 month ago)
Americans faithfully put their savings into financial institutions to earn 5% but are too proud to clip coupons that will save them an average of 20% during their purchases. Cost savings and purchasing power should the core goals for middle and upper middle-class people.
Miah Kinleh (1 month ago)
Money makes more of Mother Theresa

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