Summaries Personal Finance and Wealth Building Secrets of an Investor: Achieving Financial Success and Personal Growth with Strong Connections and Self-Control

This is a summary of a YouTube video "КАК ДРУЗЬЯ ДЕЛАЮТ ТЕБЯ БЕДНЫМ… Секреты инвестора" by На пенсию в 35 лет!!

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To achieve financial success and personal growth, simplify, diversify, and practice self-control while building strong connections with a select few friends, auditing your relationships, changing your environment, seeking evidence outside your environment, and finding mentors.

• 💰
  00:00

  Simplify, diversify, and practice self-control to achieve financial success, while focusing on building strong connections with a select few friends and monitoring the influence of your relationships.
• 📝
  03:56

  Audit your contacts, relationships, and conversations to improve your income and connections.
• 🌍
  06:22

  Change your environment to work with the environment, immerse yourself in a new school for growth, invest in small profitable companies with Maxim Chirkov's free telegram channel.
• 🏢
  09:57

  Moved to problematic apartment, neighbor's death and unsanitary conditions led to move out. 💰 Selfie with smartphone can determine wealth level, according to exaggerated comic example. 🧠 Change environment and firmware to overcome limiting beliefs from childhood and adolescence. 💸 Psychology of Money playlist offers tips on overcoming money stereotypes and importance of education.
• 🏒
  13:02

  Attending hockey matches is preferred over football matches due to fan behavior, and virtual friends made through the internet have had a greater impact on the speaker's life than real-life friends.
• 💡
  15:03

  Don't limit yourself, seek evidence outside your environment, learn from younger generations, ask for help, and find mentors to achieve growth and success.
• 💰
  18:48

  Joining online investor communities can be risky, choose friends based on character not wealth, and create your own domain of trusted individuals for mutual assistance in life.
• 💡
  23:28

  The speaker offers accessible books, podcasts, and mp3 versions of videos for low cost, while encouraging followers to subscribe to their Telegram channel and social media accounts for updates and backup videos.

Key insights

• 🌳 The environment you surround yourself with can either paralyze you or change you beyond recognition, making it a crucial factor in your success.
• 🚩 "Yes, but… you will encounter throughout the investment journey. And this replica should become a red rag for you, an indicator, a marker. An indicator that you have a person in front of you with whom you cannot discuss his money, and he does not need to explain or prove anything."
• 🚫 It's better to have a few strong connections than many weak ones, as weak connections can become a burden.
• 💰 Calculate the income of your 5 closest friends to determine your income ceiling, and if you want to earn more, something will have to change.
• 📈 One type of investment that increases capital many times more than bonds, the stock market, and even cryptocurrency is the least affected by geopolitical upheavals and often grows faster than the economy itself.
• 🏢 The quality of one's living environment, including both people and objects, can greatly affect their overall well-being and happiness.
• 🤯 Don't listen to naysayers in your current environment, look for evidence outside of it to achieve success.
• 💰 Friendship is an exchange of resources and investment in each other, and it's important to ask the key question of "How can I be useful to you?" to important people in your life.

Detailed summary

• 💰
  00:00

  Simplify, diversify, and practice self-control to achieve financial success, while focusing on building strong connections with a select few friends and monitoring the influence of your relationships.

  • The speaker discusses how friends and environment can impact one's financial success and emphasizes the importance of simplicity, thrift, diversification, routine, time, compound interest, and self-control in achieving financial goals.
  • It's easier to explain financial literacy to children because they are more receptive and don't have the "yes, but" mentality that adults often have.
  • Having 100 friends is not necessary as only 10-15 strong connections can be built and the rest can become a burden.
  • Check your phone's activity feature regularly to see if you're spending time on beneficial or harmful apps, and apply the same approach to your friends by measuring time spent and labeling them as beneficial or harmful.
  • Create a table with names, labels, and information on their influence, frequency of meetings, and time spent to gain orientation and clarity in your relationships.
• 📝
  03:56

  Audit your contacts, relationships, and conversations to improve your income and connections.

  • Audit your list of contacts and ask yourself why you need them, make a list of those who don't believe in you, and calculate the income ceiling of the 5 people you communicate with most often to determine what needs to change to increase your income.
  • Audit your relationships and make a list of new people, and if it's not replenished, introduce a mechanism for a gentle crawl away.
  • Don't dry out a dialogue or make it only interesting to you, as it can lead to a lack of connection and understanding with the other person.
• 🌍
  06:22

  Change your environment to work with the environment, immerse yourself in a new school for growth, invest in small profitable companies with Maxim Chirkov's free telegram channel.

  • Practical work with the environment should start with a change of scenery after experiencing a "click" in the head, which can be triggered by reading a book, watching a video, or reading an article.
  • Changing schools and immersing oneself in an environment of equals can be an important lesson in humility and growth.
  • Graduates from the new school have interesting careers and the speaker discusses an asset class that is least affected by geopolitical upheavals and plans to be supported by the state.
  • Direct investment in small profitable companies is a developing market with many risks, but subscribing to Maxim Chirkov's free telegram channel can provide insight on how to invest in IT companies and make a profit.
• 🏢
  09:57

  Moved to problematic apartment, neighbor's death and unsanitary conditions led to move out. 💰 Selfie with smartphone can determine wealth level, according to exaggerated comic example. 🧠 Change environment and firmware to overcome limiting beliefs from childhood and adolescence. 💸 Psychology of Money playlist offers tips on overcoming money stereotypes and importance of education.

  • The speaker moved to an apartment with problematic neighbors and eventually moved out due to a neighbor's death and the unsanitary conditions that followed.
  • A selfie taken with a smartphone can determine a person's level of wealth, according to an exaggerated example presented in a recent comic.
  • Change your environment and firmware to remove limiting beliefs and introjects imposed on you in childhood and adolescence.
  • The Psychology of Money playlist provides tips on how to overcome limiting beliefs and stereotypes related to money, including the importance of education and the potential problems that can arise from focusing solely on wealth.
• 🏒
  13:02

  Attending hockey matches is preferred over football matches due to fan behavior, and virtual friends made through the internet have had a greater impact on the speaker's life than real-life friends.

  • The speaker prefers attending hockey matches over football matches due to the rowdiness and violence among football fans.
  • Virtual friends made through the internet have had a significant impact on the speaker's life, even surpassing the influence of real-life friends.
• 💡
  15:03

  Don't limit yourself, seek evidence outside your environment, learn from younger generations, ask for help, and find mentors to achieve growth and success.

  • Don't listen to the doubts of those around you, look for evidence outside of your current environment.
  • Don't limit yourself to a specific age group and learn from the experiences of younger generations who have different perspectives and higher levels of training.
  • Ask for help from people around you, such as childhood friends, for time and connections, but not money, and cling to those who offer assistance.
  • I weed out 9 out of 10 people who ask me for help if they show no effort in absorbing the information I provide.
  • Women can easily find mentors who love to teach and help, and taking advantage of this opportunity can lead to growth and success.
• 💰
  18:48

  Joining online investor communities can be risky, choose friends based on character not wealth, and create your own domain of trusted individuals for mutual assistance in life.

  • Friendship is an exchange of resources and it's important to ask how you can be useful to others, but be cautious when joining communities.
  • Online investor communities and social networks have degraded in quality, with discussions becoming panicked and hysterical, leading the speaker to leave most chats, blogs, and forums.
  • The speaker deleted social media and distanced themselves from non-poor people to avoid being pulled into poverty.
  • Our fear of rejection and desire for societal approval can be addressed through psychotherapy with a specific task set for the therapist.
  • Choose friends based on character, not wealth, as many newly rich people lack the skills to stay rich and may drag you down with them.
  • Domains are modern forms of traditional Russian communities, where a group of people with common beliefs and an informal system of mutual assistance work together in a game called life, and the speaker's domain consists of his family and a few close friends who have specific roles and responsibilities.
• 💡
  23:28

  The speaker offers accessible books, podcasts, and mp3 versions of videos for low cost, while encouraging followers to subscribe to their Telegram channel and social media accounts for updates and backup videos.

  • Check the video description for a text summary, subscribe to the Telegram channel for exclusive content, and follow the speaker's social media accounts for updates and backup videos.
  • The speaker offers two books and a podcast in accessible language for a low cost, as well as mp3 versions of videos for convenience on podcast platforms.