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πŸ’° How is Wealth Created | Savings and Investments

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How is wealth created? Saving and investing is the key to personal wealth as well as the economic growth. Learn Austrian Economics in a fun way! LINKS SUPPORT our project: http://bit.ly/2fgJR9e Visit our website: http://econclips.com/ Like our Facebook page: http://bit.ly/1XoU4QV Subscribe to our YouTube channel: http://bit.ly/1PrEhxG β˜…β˜…β˜…β˜…β˜…β˜…β˜…β˜…β˜…β˜…β˜…β˜…β˜…β˜…β˜…β˜…β˜…β˜…β˜…β˜…β˜…β˜…β˜…β˜…β˜…β˜… Music on CC license: Kevin MacLeod: Home Base Groove – na licencji Creative Commons Attribution (https://creativecommons.org/licenses/...) ΕΉrΓ³dΕ‚o: http://incompetech.com/music/royalty-... Wykonawca: http://incompetech.com/ Kevin MacLeod: Cambodian Odyssey – na licencji Creative Commons Attribution (https://creativecommons.org/licenses/…) ΕΉrΓ³dΕ‚o: http://incompetech.com/music/royalty-… Wykonawca: http://incompetech.com/ Audionautix: TV Drama Version 1 – na licencji Creative Commons Attribution (https://creativecommons.org/licenses/…) Wykonawca: http://audionautix.com/ Audionautix: Yeah – na licencji Creative Commons Attribution (https://creativecommons.org/licenses/…) Wykonawca: http://audionautix.com/ β˜…β˜…β˜…β˜…β˜…β˜…β˜…β˜…β˜…β˜…β˜…β˜…β˜…β˜…β˜…β˜…β˜…β˜…β˜…β˜…β˜…β˜…β˜…β˜…β˜…β˜… Econ Clips is an economic blog. Our objetive is teaching economics through easy to watch animated films. We talk about variety of subjects such as economy, finance, money, investing, monetary systems, financial markets, financial institutions, cental banks and so on. With us You can learn how to acquire wealth and make good financial decisions. How to be better at managing your personal finance. How to avoid a Ponzi Scheme and other financial frauds or fall into a credit trap. If You want to know how the economy really works, how to understand and protect yourself from inflation or economic collapse - join us on econclips.com. Learn Austrian Economics in a fun way!
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Text Comments (1070)
Deoc (1 year ago)
One of the best videos I ever seen about money.
gespilk (1 month ago)
Andjela V, you may be STUPID but beautiful. Nonetheless you are stupid to believe this video.
neOadviser (1 month ago)
Just wonderful, I've been looking for "solutions wealth strategies" for a while now, and I think this has helped. Have you ever come across - Xiyannah Lansaiah Theorem - (Have a quick look on google cant remember the place now ) ? Ive heard some extraordinary things about it and my neighbour got cool success with it.
Andjela V (1 month ago)
This is glorious, been searching for "wealth magazine economic times" for a while now, and I think this has helped. Have you heard people talk about - Xiyannah Lansaiah Theorem - (do a google search ) ? Ive heard some interesting things about it and my mate got amazing results with it.
Razvan Marin (1 month ago)
Cheers for this, I've been looking for "25 secrets to wealth creation" for a while now, and I think this has helped. You ever tried - Xiyannah Lansaiah Theorem - (should be on google have a look ) ? Ive heard some super things about it and my friend got amazing results with it.
menina (5 days ago)
I feel sorry for Pete
nimmi sharma (10 days ago)
Hey there nice video guys you can visit here to know more Why saving alone does not help create wealth https://www.nsefinwiz.com/article/why-saving-alone-does-not-help-create-wealth
Arwin Arriz (14 days ago)
Wow. Very informative.
Arwin Arriz (14 days ago)
Hello guys! You may also check out my book about Money Management for free. Thanks. Here's the link: @t
John Werner (16 days ago)
This was taken from the book called How and Economy Grows and Why it Crashes by Peter Schiff ... Oh I just noticed Schiff is credited at the end. Nice!
lol (16 days ago)
Is no one gonna talk about how good that story was lmaoo
christina cully (19 days ago)
I’m going to be like thrifty Tom. I’m trying to build my music career and other business ventures. And people think I’m crazy to watch videos like this at 19.
Alok Ranjan (19 days ago)
Love it
Claudio D'Eugenio (20 days ago)
Sorry, THIS https://positivemoney.org/videos/ is how money works.
M K (21 days ago)
Capitalism vs. Socialism Value creation vs. Value destruction!!! AOC burn in hell, you demonic hateful greedy immoral bastard and everyone who follows you!!!
M K (21 days ago)
Refer to "auskott" in the comments section to understand more..
Jonathan Hughes (23 days ago)
GOD DID NOT INVENT ECONOMY. SATAN DID. All of those tools are made from things that God gave to us for nothing. Satan says pay a price. God says: Ask and receive. God's mind needs to be in our mind. We are alrady rich in what God made. Money is destroying it.
Alex Leigh (24 days ago)
"Sorry, something went wrong. You have too many subscriptions compared to your number of subscribers." Would you subscribe to my channel so that I could stay up-to-date with the education this channel produces?
Not Playing (26 days ago)
Wealth is created through LABOR. End of video.
C Cousley (26 days ago)
10,00 i wish that was my income every month
Bllury Face (26 days ago)
I don't think investment is that easy. Good video by the way!
Bllury Face (26 days ago)
+EconClips You are welcome
EconClips (26 days ago)
Thank you :)
Anthony Harry (27 days ago)
And if everybody saved their money like Tom then none of Tom businesses would of made money. Moral of the story Tom need people like Pete to strive
Milli Hakimiyet (1 month ago)
Great video but never hire your bankrupt old friend. jealousy will kill you. if you want to help him just give him some good money for once and kick him from your life.
Jeffrey Richardson (1 month ago)
overhead door tax billy spits then swings his axe kristen cuts the wax
HD Videos (1 month ago)
I love it
John Lal (1 month ago)
i enjoyed watching n listening to tis video
Crypto Mining (1 month ago)
Awesome video!
Antonio Alvarez (1 month ago)
Superb video. It shows the uncertainty of the times and finances. All the more reason to establish a foundation by being an under-consumer.
Elery Sylvestre (1 month ago)
I really really love this video. I tend to watch it over from time to time.
EconClips (1 month ago)
Thank you :)
Matthew Epperson (1 month ago)
How is wealth created? By and large, slavery, following the enclosure of the commons. Land and labor are sacred, yet capitalism has transformed them into instruments for extraction, i.e. "wealth creation". This video erases everything people need to know about wealth, its history, and what today we must do to return the means of production to those who labor in the real goods and services of our world, not the derivatives and other financial instruments. We are at record wealth disparities today, and the tools we have, grassroots organizing, must again stand up to demand redress of our collective grievances of the 99%. Or, just watch this video. Thanks for reading!
陳裕豐 (1 month ago)
Are there 31days in June?
Serge (1 month ago)
5:36 seems like he hired one of Pete's friends, probably not the best idea lol
T 800 (1 month ago)
If the job pays 10 k, 5 goes to the authorities. libertarianism rocks!
Michael Archbold (1 month ago)
Yup. It’s literally that easy: save money and invest in to assets. Every income inequality whistleblower needs to watch this video.
Marcus M. (1 month ago)
I love this video!! ❀️
Pra Baj (1 month ago)
Real life does not work like this though! Luck plays a stronger rule than anything else.
Dan Henry (1 month ago)
The sad thing is is most the wealthy people in America that you hear about on a daily basis have not done any of these things
Mariama Jallow (1 month ago)
Many thanks, been searching for "bharti axa true wealth" for a while now, and I think this has helped. Have you ever come across - Xiyannah Lansaiah Theorem - (do a google search ) ? Ive heard some unbelievable things about it and my friend got excellent results with it.
jesus mora (1 month ago)
This was great, thanks, I've been looking for "books about wealth creation" for a while now, and I think this has helped. You ever tried - Xiyannah Lansaiah Theorem - (just google it ) ? Ive heard some decent things about it and my work buddy got excellent results with it.
Rasheed Shotuyo (1 month ago)
I think that this video just changed my life.
Tessy Miller (1 month ago)
Educative i must say, I've always been looking for what to invest into for some time now
Jane Pecker (1 month ago)
+Gift Berlin Oh! Mr Donald is doing really great and also pulling some crowd
Tessy Miller (1 month ago)
+Gift Berlin really, that amount gets you that weekly? Not bad at all how do i contact Mr Donald earl
Eladio jose mora (1 month ago)
Many thanks, I've been looking for "wealth without risk" for a while now, and I think this has helped. Ever heard of - Xiyannah Lansaiah Theorem - (should be on google have a look ) ? Ive heard some awesome things about it and my work buddy got excellent results with it.
Jerez911 (1 month ago)
Many thanks, I been tryin to find out about "wealthy quotes on wealth" for a while now, and I think this has helped. You ever tried - Xiyannah Lansaiah Theorem - (Have a quick look on google cant remember the place now ) ? IΒ΄ve heard some incredible things about it and my mate got cool success with it.
VakoFri (1 month ago)
I like these kind of videos. πŸ₯‚
Adalto Veron (1 month ago)
Could it be for a Portuguese subtitle?
YouTube Rowdy (1 month ago)
This story is not so realistic, how could Tom buy a real estate building just with the profits of a restaurant and a retail shop ? In such a less time?😒
TEK LIFE (2 months ago)
barry smith (2 months ago)
Love the fisherman story. Great video here.
Gabriel Kawa (2 months ago)
I'll try to be more like thrifty Tom and also look for more streams of income
elgooges (2 months ago)
The best way to build wealth is investing. Then take the dividends and capital gains and reinvest them.
Thomas Chirwa (2 months ago)
The richest man in Babylon, the parable of the pipeline and this book, hands up!
David Lord (2 months ago)
I watch this video a few times each month.Even though the way to wealth isnt as straight forward as alluded,The principles are very sound and true...”Wealth is created through self sacrifice and taking risks”...
Daniel Kwilemba (2 months ago)
Flower Bomb (2 months ago)
pete is a dumbfuck
Hannible 100 (2 months ago)
Well I am 57 and retired since 50 This is pretty obviouse stuff to me thats what I did lol. But for a young 20 year old this video is fantastic!
whatchitnow (2 months ago)
You forgot about taxes
PLUMP MX (2 months ago)
Make money and save it up. Retire rich and then die. I knew there was a catch. OMG,
listojay (2 months ago)
lol hiring your own friend or maybe your best friend is a very big mistake.
Peter Nguyen (2 months ago)
What I learned from this video is that since my name is Pete, I need to change it to Tom.
Mr Brightside (2 months ago)
Very good video. One note... The first spear has a massive value because of the risk to the maker. Once he has made the first spear and built up a bit of stock of food the spear could be replaced with much less risk so it's value is vastly reduced. This is the first stage of 'commoditisation' of spears. Also after making the first spear producing more spears will be easier and faster because the maker has experience of spear making. This is the second stage of 'commoditisation'. A video on how things go from new invention to commodity status would be really interesting.
F. Teixeira (2 months ago)
what a shit video
Santosh Rao (2 months ago)
you have to sacrifice so much to save money when you are already earning very little, your wife, kids everyone will think you are a looser, but in end of day you make all payments for all the things and run the family in the right way. It is quite difficult to start any business these days, but some businesses give money for little effort. Always keep your eyes open and always explore.
Mohamad Akkad (2 months ago)
It's very optimistic situation.. real life has more risks .. usually best businessmen fail in 8 projects and success in 2
PasaiShere (2 months ago)
moral of the story pete is a moron
Truthfears Guilty (2 months ago)
agree with everything except for the part where tom engaged in usury by borrowing and paying interest.
Jobin Philip (2 months ago)
Yeah but how the f*** you open a shop and restaurant from a 10k month salary when it is worth 100k or more.... anyone answer please
Darvin kovec (2 months ago)
So pretty much save your money and spend it on ways to make yourself more money
MR. VARMA (2 months ago)
Amazing really...it opened my eyes...
Yasser Khazne (2 months ago)
If my salary was a 10 000 $ one .... I would be making videos on Youtube telling people how to fish .... just like all the videos I watched .... invest your money ....Β I will invest my 5 dollars ... Please stop depressing us !
Jaratpon Pongpaitoon (2 months ago)
Wow story is almost the copy from Peter Schiffs book "How and economy grow and why it doesnt". Good job illustrating it for us.
Jack AG (2 months ago)
yay peter schiff!!
Christian Gae (2 months ago)
This is cool. I just need to find a job that pays $10k a month
RayFire51 (2 months ago)
Can we still make the tools again? From A rock?
bigwaltpro (2 months ago)
Discipline really helped me to even start thinking about wealth. This strategy really helped to get me started Watch "Daily Savings Da Hood Way" on YouTube https://youtu.be/JWwBATe3qFg
Walter Barone (2 months ago)
anyone can imagine if the fisherman was married? the wife was just constantly nagging him... stop to waste your time with that stick.... go to get a job I need more shoes, clothes, crab meat and weekend to miami...
smilyle (2 months ago)
The thing is that this assuming that wealth only comes in the form of possessions and money generating assests. Yeah, Pete seems wasteful, but he is gaining a wealth of experiences. If there is a war and both of them die in an invasion, then all the saving Tom did, what did it get him? Pete got a wealth of experience. You gain wealth by spending on your experience too. If your saving is limiting your experience it is worthless because you age and your ability to enjoy your experience can decline with age. I saved in my mid to late 20s, to be able to buy a home at 30, and I am not always sure that I made the best decision because I think about the fact that I lived at home with my parents in my 20s to accomplish this goal and it severly limited my dating experience in my 20s. It is cool to have a home now, but the amount of work that it took to furnish the home and fix it up, it has caused me to have debt that I wouldn't have had if I would have moved out and got my own rental apartment in my 20s. It would have cost me $500 extra, which I could have afforded per month, but my experience of my late 20s would have been better and I probably could have found a wife and we spend our savings to buy a home togther, which would have left me with more money at the end of the day to invest in business, etc. If I would have spent a little bit more to have a wealth of experience rather than trying to take a conservative and safe approach, I think I would have had more cumulative happiness than I have now. I don't think I made a bad decision and I am not unhappy by any means, I just realized that the true wealth you have in life is in what you are able to experience at the most reasonable cost to you, not how much you can accumulate. More accumulation does not equal better experience. You are truly wealthy when the price you have to pay for a high quality experience is at the most minimal cost to you possible in terms of time, energy and resources.
bittersweet (2 months ago)
thanks! nice story. it's too late for me though. i'm going to share it with my kids when they grow older.
Henry Law (2 months ago)
There is a huge piece missing from the parable. Land and rent. The story presupposes that there was an island available, with fish in the sea. If the island was already owned by someone, the castaway would have no option but to pay rent to the owner, or work for whatever wage the owner would offer.
Furrowed Brow (2 months ago)
Moral of this story? Have a plan if you plan to have.
Furrowed Brow (2 months ago)
Great job. But you should have emphasised the underlying reason that the fishermen was able to succeed. He was very intelligent. He was probable in the upper 1% of intelligence of the people on the island.
Glenn Phang Zhen Lim (2 months ago)
One night , totally wet
N O (2 months ago)
where can I find that $10 000 paying boss
jim holroyd (2 months ago)
luxury cars lose value quickly, not good investments...
dominick campbell (2 months ago)
This guy is stealing content from Peter Schifff.
EconClips (2 months ago)
Watch the whole video. We atribute the fisherman story to Peter and Andrew Schiff at the end.
Fortnite Romania (2 months ago)
Lets see how can you do this with a 300$ salary per monthπŸ˜‰ if your salary is over 1000$ you are already rich you are just bad at spending your money.
Black Aryan (2 months ago)
Whatever you have and which another "man" thinks is "valuable" for him , is your "wealth"
S.B. Wierda (2 months ago)
Certainly an informative explanation to me. What I missed in this story was the possible lower or even total loss of profits of Tom's investments in his shop, restaurant and real estate because of the recession. And cleaning lady? Could be a cleaning man as well.
KLJF (2 months ago)
jewish people love this video . did you know the jews have more neanderthal DNA than any other group on earth ?
James (2 months ago)
And they still make more money than u
Morten Skogly (2 months ago)
Eat seashells. Less work.
Nawfal the observer (2 months ago)
great video guys ! full of knowledge and what a beautiful story. thanks.
Om Gupta (2 months ago)
How you made this presentation
Lazaro Gomez (2 months ago)
Thank you for this video!
Vernon Schrock (3 months ago)
Why does June have 31 days
Yates Snyder (3 months ago)
wish i had $500 a month for entertainment
Justin Gilbert (3 months ago)
to answer the opening question... (what would the world look like without the basic tools) ...... Beautifully untouched by Human consumption of apocalyptic toxins .
S K (3 months ago)
Abhi Raj (3 months ago)
This isn't as easy as it looks like You can't invest in shop/restaurant While working in office.
Zu! Nathan Zu! (3 months ago)
A made up fantasy that has no basis in reality. It tries to make the owner of capital look like a self sacrificing risk taker when in reality it's simply very easy for someone with money to make more money. The rich are usually rich because they were born rich. Yes there are some exceptions but if you look at statistics upward mobility is very low. So not "self sacrifice and risk taking" it's more about how rich your parents were.
Mike Haydon (3 months ago)
Fantastic video
jackgoldman1 (3 months ago)
Wealth is created by families, no families, no wealth. Children are the wealth. A man is wealthy if he can sleep when tired and eat when hungry. All a human being needs is water, food, sleep, friends, and mind control. Those without mind control suffer. Wealth is not measured in dollars, legally counterfeited debt notes. Wealth is measured in hours. Buddhist monks are happy with nothing. Many millionaires commit suicide but not too many. Most rich people buy happiness or get peace from lots of security. Still, balance the lust for money, which is now legally counterfeited currency, with mind control. Live frugally and happily if rich or poor. It's just common sense. PS, I am a millionaire and a cancer survivor.
john panos (3 months ago)
what a load of shit watch "money as debt" LABOR has always created money (wealth) .
Matthew Arildsen (3 months ago)
Robinson Crusoe or Caitlyn Jenner?
coco crabby (3 months ago)
But the left says you have to distribute the money
Adriatic (3 months ago)
why didnt he just create a net ???

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