10 Signs You’re Doing Well Financially (even if it doesn’t feel like it)

Рет қаралды 44,882

Күн бұрын

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Chapters:
00:00 Start Here
00:48 You Have $500 Saved
01:45 You Have $1 In Your Retirement Account
02:57 You Can Survive Missing A Paycheck
03:53 You're At Least Trying
05:11 Try Skillshare
06:51 You're Investing In The Stock Market
07:44 You Know What You're Investing In
09:00 You're Not Comparing Yourself To Others
10:00 You're Seeking Passive Forms Of Income
10:54 You're Organized Financially
11:35 You're Creating A Plan To Get In A Better Situation
When it comes to money and finances, we often get stuck in this comparison trap where we compare our lives to the lives of the super rich or a fictional reality; however, you are probably much better off financially than you think you are. In this video, I share 10 signs that you are doing well financially.
1. You Have $500 Saved
According to CNBC, 63% of working Americans are unable to cover a $500 emergency expense. If you have $500 saved up on the sidelines, you are ahead of more than half of Americans.
Source: www.cnbc.com/2023/08/31/63per...
2. You Have $1 Set Aside For Retirement
According to the US Census, about half Americans between the ages of 55 to 66 do not have a single dollar set aside for retirement. They do not have any money in a Roth IRA or a 401k. If you have at least $1 set aside for retirement, you are much better off than half of Americans who are 10 years or less from retirement.
Source: www.census.gov/library/storie...
3. You Can Survive Missing One Paycheck
60% of Americans are living paycheck to paycheck and 51% of six figure earners are living paycheck to paycheck. This means if they lost their jobs, they would not be able to pay for two weeks of expenses. If you have money at least one paycheck of money saved up, you are ahead of most Americans.
Source 1: www.cnbc.com/2023/09/27/60per...
Source 2: time.com/6263989/six-figures-...
4. You're At Least Trying
Many people are having trouble with money because they are not even trying to get in a better financial situation. If you are consuming financial content and trying to educate yourself, you are moving in a path that will lead you to financial success.
5. You're Investing In The Stock Market
According to Pew Research, 52% of Americans have some money invested in the stock market. The stock market is an amazing tool to build wealth and if you are invested you are ahead of half Americans.
Source: www.pewresearch.org/short-rea...
6. You Know What You're Invested In
Although 52% of Americans are invested, my guess is that many of them do not know what they are invested in. They just let advisors choose investments for them, which makes them miss out on the biggest possible return. If you know what you're invested in you are getting the maximum return possible.
7. You're Not Comparing Yourself To Others
Many people are in tough financial positions because they compare their lives to other people. If you don't live in the comparison mode, you are more likely to be more content with what you have.
8. You're Seeking Passive Forms of Income
Passive income is realistic for everyone to obtain; however, most people only have active forms of income. If you are generating some form of passive income whether that's through investing or dividends, you're ahead of most people.
9. You're Organized Financially
If you have created a budget, savings plan, and set financial goals, life can't hit you as hard.
10. You’re Creating A Plan To Get In A Better Situation
Even if you are struggling financially, as long as you're making attempts to get in a better situation, you will eventually be doing better financially.
**I am not a financial advisor. The ideas presented in this video are for entertainment purposes only. You are responsible for the financial decisions that you make. Links above are affiliate links where if you click and order, I will receive a commission at no cost to you. **

Пікірлер: 215

@ElAgustin 9 ай бұрын

The first 500 people to use my link will get access to one of Skillshare’s best offers: 30 days free AND 40% off your first year of Skillshare membership! skl.sh/austinwilliams10230

@airplane381 9 ай бұрын

I’m in a better place right now Financially. I have $10,000 in my savings with no credit card debt and no car debt. Glad I’m getting ahead.

@miamiflorida6965 9 ай бұрын

❤Sweet❤. I now have a car loan, my paid off car died. I have no CC debt and 8k in $avings. #winning

@shynepo1196 9 ай бұрын

How old are you

@rosemarywilliams9969 9 ай бұрын

👏👏👏👏👏

@bdean8585 9 ай бұрын

@@miamiflorida6965 my paid off car also died earlier this year. I was bummed cause I worked so hard to become completely debt free. I bought another car but didn't want a clunker so I needed a car loan. But instead of making the minimum payments, I am shoveling $2,000 a month towards the car loan and it should be paid off by the end of this year. Making lots of small sacrifices here and there, staying in on Friday and Saturday nights, skipping sporting events with friends, learned to cut my own hair so I am saving $30 a month on that, no vacations until it is paid off, etc.) Keep on keeping on!

@ElAgustin 9 ай бұрын

Right on!

@ILovePlayingZeldaGamesOnSwitch 9 ай бұрын

I have work, savings, no debt, with investments too. But i still cook and bring packed lunch, 2-3x per month eating out (costs around $90), don't buy things I don't need, cuts my hair. And i am thankful every day for having such life.

@Revert2017 9 ай бұрын

Amen--I believe the secret to financial freedom is gratitude.

@mgi1005 9 ай бұрын

i can attest to that.if you find joy and be grateful for what you have then that is the start of feeling real feeedom and peace. i stumbled may times,had the wo rst financial mistake.took me years to recover,now finally i've reduced my debts to almost 10% ...eat out once or maybe twice in 3 months,prepare my all meals at home..no car payments,have an old van and putting aside little cash if when the vehicle breaks on me..i mean life ia good,inner joy and peace and contentment...zoning out the noise...decided to move to a smaller town when work is just 3mins away...so yeah grateful everyday..

@DonnieChoi 8 ай бұрын

You're wise enough.

@dean4125 9 ай бұрын

im 41. have 100k in my retirement account. and I have 3k in my savings. I guess im doing better than I imagined

@vietnamwithkingsley.5506 24 күн бұрын

You are not in debt, you are better than more than half of the people already.

@Michelle_Emm 9 ай бұрын

I feel really rich, I have pretty good health, an amazing family, no debt, food in the cupboard and money in the bank. Many would consider my retirement savings inadequate but my superpower is living frugally and to be honest I don't give a flying fig what other people think.

@MissVindicat 9 ай бұрын

Exactly! Being able to live on little while still enjoying life is such a superpower. ☺️

@mskazz642 8 ай бұрын

I love this.😊

@loveandjoy810 9 ай бұрын

I just finished my 6 month emergency fund. I budget every month and am debt free except my house. I paid my new to me car off in 14 months. It was a 5 year note. I was able to do it because I got a second job.

@alexanderdemasiadainformac3661 9 ай бұрын

I am 30, truck driver in the UK, non smoker I don't drink and I undertand maths, it is unbelievable that people have less than 500$, but for sure they have the latest smartphone or ugliest SUV. I am wondering how the can sleep...

@M_O_P.Limited 2 ай бұрын

Like a baby 👶

@stevebubar6129 9 ай бұрын

Just had to pay $1000 on car repair. No problem… thank u emergency fund and steady savings habit

@KailinruAdao 9 ай бұрын

I've come to realize that money is a tool. I’ve worked so hard over the years to realize that if you don’t make money work for you, you can’t experience true freedom. I’m glad I found that out although it was later in life, but that marked the turning point in my finances

@addahHusayn 9 ай бұрын

I only save money for emergencies, like having an emergency fund. I'm aware that it loses value over time and doesn't make me anything, but it's there as a financial insurance, to cover my ass if ever I get into some trouble from life.

@dspethschneider 9 ай бұрын

@Watkinsgorge definitely speaking with her soon, I'm bombarded with the don't sit on it during the inflation, I wanted to jump in 8/22 and did nothing. So far this year I think I need to get my feet wet

@franciscirillo836 9 ай бұрын

I'm scared but also excited to add to my positions as the market drops. Looking forward to 10 years from now with the hope of retiring early.

@Ronnievega39 9 ай бұрын

My strategy is to put half my income into the stock market at the start of every month regardless of what is happening. The second part of my strategy is not to sell for at least 15-20 years. Time in the market beats timing the market.

@KailinruAdao 9 ай бұрын

@Watkinsgorge Thanks very sharing, had a great time speaking with her, interested in her strategy and can't wait to start working with her.. happy that i won't be sending my funds over

@SirHoopie03 9 ай бұрын

Thanks, this encouraged me a lot. We are a few years away from 40 and starting to play catch up on our finances. No debt except our house and are looking to save an emergency fund up as quick as we can so I can focus on retirement. Using videos like this to keep me encouraged and pressing on. Appreciate all the good advice your channel offers!

@ElAgustin 9 ай бұрын

I appreciate you watching!

@Queenk0526 9 ай бұрын

I beat myself up sometimes when a lot of finfluencers show the large amounts in their accounts. After watching your video Austin I think we are doing just fine all things considered. I really appreciate your content because of your transparency and the teachings that go beyond money.

@Queen-ConsciousYa 8 ай бұрын

Yea he’s very realistic compared to a lot of other people I’ve watched.

@acer4237 8 ай бұрын

It’s not always how much you have saved, more of your habits…especially spending,fitness, mental care, and knowing difference between wants and needs.

@mattwilder4764 9 ай бұрын

Yup. I literally have a savings just for my car that has $1000 in it. I knew that check engine light would pop up eventually, and yesterday it did. Took it to the shop. The bill is $1000. BUT, I purchased an extended warranty, and it is being covered. I only have to pay $160. Gotta be prepared for the inevitable. Hmm maybe an idea for a video for you? Buy the warranty for cars and expensive home appliances, or not? Which makes more financial sense? I personally love the peace of mind of having insurance, warranties, etc on big ticket items.

@a11s10h08 9 ай бұрын

Financial literacy is so important!

@giolrz8237 9 ай бұрын

I have no money. And also no debt. I have no enemies

@Irraticdriving 9 ай бұрын

My mum and dad god bless when they brought first house with o help they told me they had 500 in account left. God bless them, and they died with 520k

@danicegewiss862 9 ай бұрын

We live under our means. By living this way, we have much more than $500 we can pull from. We feel so blessed. Retirement? What's that? We have no interest in retiring. We are getting ready to move to our 5 acre lot and sell organic produce, goat milk, and eggs. We are excited about it. Stocks? Yes! Retirement? Yes, we have money that we don't have any interest in touching. .

@juliem.3936 9 ай бұрын

It's absolutely ridiculous how much actors. musicians and professional athletes make and the way they flaunt their wealth. Then, you have the CEOs and world's richest doing the same thing.

@MarkMark-ji6ts 9 ай бұрын

Excellent video Austin. Keep em coming!

@marygantt1550 9 ай бұрын

Yep it’s not what you make it’s how you manage it.

@Pizzageek-jc4xp 8 ай бұрын

your videos are so encouraging and comforting

@leannejayne3545 9 ай бұрын

Hey Austin, I’ve hit most of these 🎉 with your help may I add! You’re amazing 🤩

@itsHeatherKay 9 ай бұрын

I just love you, Augustine! 🎉

@vickirobison2902 9 ай бұрын

This was great. I've been sharing your info with my 30 year old son and he really appreciates learning about this. He got excited seeing your chart about how to retire a millionaire and immediately opened a Roth IRA and is investing in index funds. Thanks for the tips.

@ElAgustin 9 ай бұрын

Great! This made my day! After making certain videos and doing the research, I've definitely come to realize the choices you make when you're young count like 100 times more than when you're older! If you make small decisions now, you don't have to stress much as you get older...at least about money as life always gives you things to stress about!

@willmartin34 9 ай бұрын

This video is top-of-the-line really good stuff thank you thank you

@rosemarywilliams9969 9 ай бұрын

I've always wanted to be a stock broker when I was 11 years old. That dream died at age 19 with bad professors. So❤ I focussed on accounting & budgeting. My debt to income ratio has always been bad because 60% of my income always went twards rent. Having a paid off home has always been my goal so I will keep puckering along until I achive that goal😅

@robertg1556 9 ай бұрын

Wow giving up at 19 and blaming it on professors. You could have changed classes or even schools. The blame game is easy to use when making excuses.

@merljane-4769 9 ай бұрын

Thank you for making me feel better, El Agustin! Much love from Philippines 😊

@RegularHuman 9 ай бұрын

So true, thank you for giving all of us people prespecitve!

@maricelfranklin7256 9 ай бұрын

I’m listening Amigo Thank you 😊🙏

@kristyosborn5102 9 ай бұрын

Thank you for sharing these points!

@An-ng7fd 9 ай бұрын

Another great video Austin 👏 I wish your videos were available when I was younger. Still, it’s never too late to turn things around.

@rocioocampo8735 9 ай бұрын

Doing a lot better than I thought 😅 That’s encouraging 🎉

@Newyou-ro8ou 9 ай бұрын

Thank you Austin…I love your effort and content…it was nice to hear your statistics and realize I met each one….it is so easy to compare myself with others when in fact I am much further ahead than I had imagined statistically…I share the same frugality as you..I am not willing to drop $30.00 for a quick lunch that I don’t enjoy when I know that same $30.00 could purchase all my produce for an entire week! Peace of mind is much more enjoyable ! Great contribution to educating those that want to learn to change their spending habits 🎉

@kaninma7237 8 ай бұрын

Thank you for the work you do. You are helping so many people.

@KiwiKyle 6 ай бұрын

Ticked all 10 of these, also very fortunate to live in Australia where superannuation is compulsory.

@TheCharlieH 2 ай бұрын

So glad I came across this upload. I feel so much better about myself.

@flatandsplat 9 ай бұрын

There's something to be said about Australia's law of employers compulsorily putting money into superannuation funds. All Australians are eligible for a pension and, if employed, has some money set aside for retirement

@tinygreenpineapple 9 ай бұрын

There’s a LOT to be said for this. And our free medical care.

@Coastpsych_fi99 7 ай бұрын

@@tinygreenpineapplewe don’t have free medical care but our system has more affordable medical care than the USA

@juliesykes6121 5 ай бұрын

The UK also ensures workers have a pension plus we have free healthcare.

@flatandsplat 5 ай бұрын

@juliesykes6121 Yes I know, as I worked there for 5 years. Also, as a foreigner working there and who had a baby there, I received maternity leave and will receive (some) uk pension.

@danisheffield1204 9 ай бұрын

I love your approach 😊

@darlenebattle2713 8 ай бұрын

This has to be the very best video you released to us. It automatically show me what I should do to be better off. The realistic passive income sources, had I known about them at twenty I'd do greater. But I'm still vertical so it means I have chances of a life of fullness. Thank you so much.

@navirobayo 8 ай бұрын

Thanks! This is nice to see

@monishthomasp 9 ай бұрын

I’m kind of ok as per all these criteria however still guilty of getting into comparison traps. Got to stop that.. Rocking video Agustin.. highly inspiring as always.. keep ‘em Comin’ ❤

@goalroad9716 8 ай бұрын

Youre such a positive influence. Keep it up.

@tinygreenpineapple 9 ай бұрын

This was a very positive and encouraging video! I’m doing allright 😅 A lot of things started clicking at the time and after I started watching your videos. But a big turning point was the Google spreadsheet you provided. I had a loose budget, but everything left over was for “groceries”, and I never tracked my spending. The groceries were a huge leak! I could finally see what I was really spending (wasting) my money on. And every month I always ran out of money. My goals became 1. Live within means 2. save $1000 (for emergencies) 3. save 3 months living expenses 4. invest into index funds monthly. I’m on #3. Thank you!

@justcalm3301 8 ай бұрын

I was going to say I doubt it , but this video proved me wrong. I’m grateful

@cecelila3078 9 ай бұрын

Thank you smart man. You are great. Claudia from Germany

@Raymondjohn2 7 ай бұрын

Understanding personal finances and investing will most likely lead to greater financial independence. By being knowledgeable about money and investing, individuals can make informed decisions about how to save, spend, and invest their money. A trader made over $350k in this recession influenced market

@audeywolsh 7 ай бұрын

Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k just in a matter of weeks/couple months, so I think there are alot of wealth transfer in this downtime if you know where to look.

@maga_zineng7810 7 ай бұрын

The best course of action if you lack market knowledge is to ask a consultant or investing coach for guidance or assistance. Speaking with a consultant helped me stay afloat in the market and grow my portfolio to about 65% since January, even though I know it sounds obvious or generic. I believe that is the most effective way to enter the business at the moment.

@CraigChap_6898 7 ай бұрын

Please who is the consultant that assist you with your investment and if you don't mind, how do I get in touch with this person

@maga_zineng7810 7 ай бұрын

My advisor is Natalie Lynn Fisk she’s highly qualified and experienced in the financial market. She has extensive knowledge of portfolio diversity and is considered an expert in the field. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market

@CraigChap_6898 7 ай бұрын

I am going to look her up, I have about $81k i want to start with, might be small but it's better than nothing though. Since the 08 crash is playing out again.

@peppercornfury 9 ай бұрын

Just because the averages are in the trash doesn’t mean we are ok. If half of people can’t afford a house and family we are all broken.

@Meat-Puppet 8 ай бұрын

I was about to comment something similar but you did it for me lol

@marilynm.680 9 ай бұрын

Love you Amigo-stine

@disruptapps 9 ай бұрын

Austin, thanks again for another great video. I've personally come to understand/ differentiate 'rich' vs 'wealthy' like this: rich: "I can buy this, that and the other thing to impress people while filling a 'void with consumerism' while bolstering my ego and satiating my insecurities while working endlessly to support the rich lifestyle 'image' with the 'hustle mentality'. wealthy: I understand that most excesses/luxuries are artificial creations by the system/companies that 'create voids that are to be filled with consumerism' that 'prey upon my ego and insecurities' - and that true wealth provide the abilities: - 'to walk away' - 'to say no' - to NOT be subjected to wage slave desperation - to not be burdened with sustaining an 'image' - to have enough savings and investments that I have agency over my time and can make clear-headed decisions because my bank account covers my monthly expenses and my portfolio generates the income all that I need wealth is the ability to sustain yourself on your own terms and quite frankly, not having to deal with the BS of life, people, consumerism and crappy jobs.

@kathleenepugh9495 9 ай бұрын

Well said😂🎉😅

@MarkMark-ji6ts 9 ай бұрын

100% correct. In addition having FU money relieves alot of stress because you can literally quit on the spot. In another video Austin talked about not increasing your spending as your income increases. I'm on six figures at the moment and live comfortably on minimum wage. If something happened to my good job I could pick up something back on a much reduced income, live comfortably and still have FU money if the job or boss becomes intolerable. Good luck everyone.

@tamaranicoleofficial652 9 ай бұрын

This and all of your videos make a situation have a bright light at the end of the tunnel visible! Thank you for your talent and for sharing 💕

@jimv77 9 ай бұрын

I don't feel rich...but have to admit I do not keep a close eye on my credit card statements as well as bank account activity....maybe once a month check.....it is nice to be debt free and stress free.....

@A222Z 9 ай бұрын

I like financial checklist videos 👍

@pjmakkon 7 ай бұрын

First you put your listener into a comparison trap. Then you say one shouldn’t be in a comparison trap. Bravo!

@CaptainLeftHook 8 ай бұрын

Kudos for the Dave Ramsey quote. I have always loved it because it is 100% the truth.

@simini1837 9 ай бұрын

Yes, I was amongst first 500!!

@ryon._-1994 9 ай бұрын

Good 👍😊 video Austin ,I have been down in the dumps about my finance's but after watching your video it put things into prospective for me. I'm 29 and work a regular job rent with others and have (this is in new Zealand dollars mind you) little under $90000 dollars between two bank accounts one is now getting me around $255 dollars a month in compounding interest ,$22000 investment portfolio that after starting a year ago is starting to yield regular dividends now, from 2019-2020 bought a considerable amount of precious metals with money I saved up from when I was 19 and am now dipping my toes slowly into crypto. None of this to me is amazing all I did was live very frugally through out my 20s and use financial restraint and a little research into how can I make the money I earned help me a little down the road. Again great video Austin sorry for the essay.

@rnt45t1 9 ай бұрын

I'm very pleased with who I have become and how much I've accomplished. It seems like everyone else is the one with any problem with how well I'm doing.

@jjcaron72 8 ай бұрын

1:30 triggered me. 😂 that sound 😬

@loriella6250 9 ай бұрын

Thank you, Austin. It’s easy to feel like you’re not doing enough, particularly when you’re nearing retirement. Your video made me realize I’m not doing so bad after all.

@TheSimArchitect 9 ай бұрын

Ideally we should have at least a decade of savings, so we can survive for five or six years (realistically, you know, because of inflation) if losing all our sources of income and having to get another degree or survive an economic crisis where not even undocumented work might be easily accessible or desirable where you live.

@Rocky_Anunnaki 9 ай бұрын

Good-day Augustine

@ricardojmestre 6 ай бұрын

Wow, I have all those boxes checked :)

@LarchmontLady 9 ай бұрын

Trying with your help 💰😉

@willmartin34 9 ай бұрын

Keep going my friend good job you're positive view of the cup being half-full runneth over keep going my brother my brother my brother my

@jsimp4050 9 ай бұрын

Even though I can check most of your boxes, I still do many things to be frugal. I recycle our aluminum cans for money, I use apps like Rakuten, Fetch, Ibotta and Receipt Hog. I use coupons, wait for sales and do a ton of research and price comparisons before buying most items over $50. But the main thing that has helped is having automatic transfers to my savings accounts that come out every pay period. That way the savings happens first. Not at the end of the pay period when you’re apt to have already spent all of your money and there’s nothing left to save.

@rocmiller3 9 ай бұрын

Greetings from Detroit

@DesertMav 9 ай бұрын

Great video. I'm doing some of the things that are discussed, but I've made a few large purchases this year and I've been trying to figure out how to get everything paid off. Another way to do well financially is paying off discretionary debt. I have been working on getting a few things paid down and then I will be able to start putting more money away for that emergency fund. Also, selling things that you no longer need is a great way to free up some money. I've been recycling old items I have laying around and looking at things I no longer use to see if it is worth selling. I'm also re-organizing my investment strategy and streamlining where I invest. I want to migrate over to mostly investing into my 401k, Roth IRA, and dividend portfolio only.

@cathynewyork7918 9 ай бұрын

You should have had an emergency fund in place BEFORE you racked up discretionary debt.

@tlopez5821 9 ай бұрын

Dollar Cost Averaging. 3 words that are a simple, important & powerful recipe to save yourself.

@huseyinhuseyin8042 9 ай бұрын

Bedankt

@ElAgustin 9 ай бұрын

Thanks!!

@allenbrown9052 9 ай бұрын

I think the problem with many of us is that we have 100% of these boxes checked off and still feel like we’re behind. My friends are always like “I think you’re doing enough.” In the back of my head I’m like “Am I though?” What’s the magic number you should have at retirement? When should I feel “comfortable” financially? Is there such thing as saving too much? How much wood could a wood chuck chuck if a wood chuck could chuck wood? Can I get an amen in here?! 🧡 🐪

@kathleenepugh9495 9 ай бұрын

I won't say a certain number might be comforting, however outside forces, health problems and bad investments can wreck it all. King Solomon, the richest man on the planet for his time said: Happy is the man who finds wisdom And the man who acquires discernment To gain it is better than gaining silver And having it is profit is better than having gold Proverbs 3:13,14 Contentment leads to comfort.😃

@ebonylewis1680 9 ай бұрын

We are in the Savings Train 🚂. I am learning so much and telling others. I would never compare myself to someone else. Nope 👎. I am looking to see about Index Funds. 🎉

@dustinquinton 9 ай бұрын

The second stat is extremely scary!!!!!

@sha_breezy5229 8 ай бұрын

Because of you I saved over $500+ in my emergency savings fund! I’m so proud of myself. The best goal is $1,000 and I’ll meet that by the beginning of next month; I’m grateful and blessed. I’m going to keep it going. Being secured is the goal, not the numbers Rising. I stay humble.

@TravisPluss 7 ай бұрын

@Austin you could be an effective financial planner one day.

@richardackley1823 9 ай бұрын

I love THIS video. Turns out I’m doing pretty good after all as long as I don’t compare myself to others. I need to work on passive income more. Thank you Austin.

@virtualsheensandfamily 8 ай бұрын

I'm in my 40s now, catching up for emergency fund and retirement, and no house debt and car debt.

@viancaguilarte731 9 ай бұрын

Este es tu mejor video !!!!!!! Aunque todos son educativos y reales !!

@ElAgustin 9 ай бұрын

Gracias mijita!

@j.m.b5441 9 ай бұрын

I wasn't comparing myself to anyone until I watched this video!😂

@aussiehillbilly 8 ай бұрын

your advice is brilliant BUT regarding the stock exchange, unless you have a friend with inside information,dont do it lol

@citizensnid3490 8 ай бұрын

As my father used to say comparisons are odious

@ses-ei7oc 9 ай бұрын

The comparison one is the only one that I struggle with on this list. It's hard because it's psychological versus the ones you can kinda control. Not being able to buy a house responsibly makes me jealous of others who can.. just being honest.

@Revert2017 9 ай бұрын

The first step to financial freedom is examining yourself. Now that you see that in yourself, my guess is that you will start seeing changes.

@AniaAntul 9 ай бұрын

Really enjoying your videos, Austin. I don't think I ever comment, so here's one for algorithm! :)

@ElAgustin 9 ай бұрын

haha, thanks!!!!

@Beaumoi 8 ай бұрын

I like this guy, he talks like George Mcfly :)

@davidbowie2046 9 ай бұрын

Some very good points Austin. Especially the £500 saved. Saving is just as important as spending is what I say. Gives you financial stability and peace of mind.

@_espresso_654 8 ай бұрын

I try to stay away from loans n debts . I have used $100 iPhone XR with the broken back screen , cheapest plan 50$ a month . It does the job . Trying to keep bills as low as possible

@jeremyburton1443 8 ай бұрын

Money is education, planning, and behavior.

@bluegillmich 8 ай бұрын

My SIL asked for $25 loan on FB the other day ( any of her friends public post) she could of just asked personally. Had a former co-worker pass away 2 weeks ago, there doing a go fund me for his cremation ..SAD ..( in his 70's and left an 18 year old daughter to fend for herself)

@angelachanellehuang5663 8 ай бұрын

The world is ok

@willmartin34 9 ай бұрын

Man this video was a comedy stand-up routine fantastic you had me on the ground in stitches my goodness I could see you in solitary confinement talkin about how pretty the paint on the wall is

@cathynewyork7918 9 ай бұрын

This is a nasty comment. This young man made a nice, helpful video - has YOU done anything so good?

@darkphotographer 9 ай бұрын

in greece , average wage is 500-600 average rent is 300 power bill phone internt , 200 you have blow your intre incom just for shelter ,

@curtismoss8616 8 ай бұрын

Currently saving 60% of take home income and becoming a boring millionaire !

@curtismoss8616 6 ай бұрын

good job dude, no one cares

@PetraHanner 9 ай бұрын

Is retirement saving not mandatory in the usa? Where i live, retirement accounts (called superannuation) are compulsory for any working individual, with your employer making a contribution of 11% of your ordinary earnings.

@Michelle_Emm 9 ай бұрын

I don't really understand the American system either, so glad we have superannuation in Australia. As well as pensions, welfare and universal healthcare.

@cathynewyork7918 9 ай бұрын

Many employers offer retirement accounts, but they are not mandatory. Not everyone has them.

@80nodrog 3 ай бұрын

Aussie Aussie Aussie

@Isiah089 3 ай бұрын

I saved about $1,000 and next goal is $3,600

@Simon-je7ko 9 ай бұрын

About the 6 sign. My neighbor is so happy that she makes 1% per year and not loosing any money. Her husband is making 4%.Well I don't want to tell them what I am making by month. They will probably hang themselves. LOL It's absolutely insane. I tried to change things. They didn't want to. At least I did try. I did my part. But I still love them.

@kindraporter3887 4 ай бұрын

Your statistics are scary. Shows me I am doing good.

@nomad7540 9 ай бұрын

Wonder how many of those with no retirement savings have government pensions or simply have money or investment in accounts that are not considered retirement accounts like 401K or IRA?

@giocondakisses 9 ай бұрын

Agree with everything you said, except that 🇺🇸 is not the richest country in the world, right now is ranked #9

@Michelle_Emm 9 ай бұрын

"In terms of GDP ranking and total wealth, America is the richest nation in the world. The United States GDP is $25.46 trillion, and overall net worth is $145.8 trillion. America has been the world's richest nation for over 60 years."

@plappin 9 ай бұрын

Very inspiring video, Austin. It's easy to forget that during the Great Depression, millions of Americans had NOTHING and the social safety net was much weaker than it is today. Of course, communities were stronger, people were less materialistic, and you probably only knew how your neighbors were living, not the richest 1%. And it's easy to feel poor when there are (literally) hundreds of KZfaq videos about collecting luxury handbags and flying to Fiji!

@michaelbevan1081 9 ай бұрын

Very true

@ElAgustin 9 ай бұрын

Yeah, we have much better infrastructure now than then. There wasn't even an FDIC back then!