7 Money LIES you need to avoid when you're young!

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3 жыл бұрын

Today I'm talking about some of the "Lies" and misconceptions I think are out there when it comes to money! we're talking investing, spending, buying a home and more! What are some "money lies" that you've heard? share them in the comments I wanna know!
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Пікірлер: 185

@sarahwilliams8394 3 жыл бұрын

Lies: 1) Saving in a bank account, 2) buying a home is better than renting, 3) working hard will make you rich, 4) I am making more now, so it's time for me to spend more, 5) talking about money is rude, 6) spending on luxuries is a bad thing, 7) people like me can never be financially prosperous. Amazing stuff! Especially #7.

@Lilydee 3 жыл бұрын

Number 2 is not a lie tho. Being old and not have a house then the struggles come along and regrets. So in the long term it is better buying a house than just renting. Obviously depending on the contract regulations of renting, but overall, one is better than another 🏡✨

@misshoneynevercame4832 3 жыл бұрын

@@Lilydee I agree that buying is overall better than renting but it depends who's buying. You're going to have to pay rent all your life while you could pay off a mortgage and own a house and leave it for your children so they don't have to pay rent. However it all depends on location and personal preferences. If you have a low income and can't afford expensive home repairs you might be better of renting. Also if you like to move a lot or don't know if you want to stay in one place for 10+ years it could be better to rent. Sometimes home owners need to stay in one place when the housing market is down.

@nursebondemcanada 3 жыл бұрын

Thanks for the summary

@Krissiipooh1 3 жыл бұрын

👏🏾👏🏾👏🏾 yah talking to me

@skyexmonique 2 жыл бұрын

@@Lilydee Your also not factoring in the fact that buying a home comes with maintenance, it's not just paying off your mortgage and living luxuriously anything that goes wrong in that home once you own it YOU have to come out of pocket and pay for. The amount of elderly peoples homes I've been in due to work who have these massive homes that they bought when they were younger who can't afford to maintain it is heartbreaking.

@BrooklynLondoner 3 жыл бұрын

The system is designed that way to KEEP US IN IT! That’s why this stuff isn’t in the curriculum

@The_Break 3 жыл бұрын

It's time to change 🙌🏾

@BrooklynLondoner 3 жыл бұрын

@@The_Break 💯 Thank you, for leading the way & teach people these things.

@jackiedelvalle 3 жыл бұрын

Yup. If they taught us all to be millionaires, where would they get their supermarket workers/cleaners/receptionists/bin men/etc from. The system NEEDS vast numbers of us to be trapped, but that doesn't mean it has to be YOU. Learn to be financially literate (eg, the stuff Patricia teaches) and change your life for GOOD! Also, stop following foolishness about the latest trainers, etc. That's all part of the entrapment strategy.......

@cupcake1065 3 жыл бұрын

Right? And the rich teach their kids from young so they know and continue the legacy, it's how old money keeps going centuries after the initial fortune was made.

@TheMckinsons 3 жыл бұрын

It's about investing yes! Let's start to think differently

@macwellpeterson8536 3 жыл бұрын

"Alot of people with high IQs are terrible investors because they've got terrible temperaments. You need to Keep, irrational emotional under control."

@bernardinocardla5846 3 жыл бұрын

You don't need anyone to teach you on how to invest your coins. You can make research on your own and start doing it yourself.

@charitynjokivlogs7897 3 жыл бұрын

Hey

@oliwkowykacikjogowy3845 3 жыл бұрын

Patricia! About #7 - this is the best proof that representation matters! You don't even know how much your immigrant background has helped me DARE to achieve my dreams!

@alolat1 3 жыл бұрын

My aunt says she lives in the same budget for 4 years whether she gets a raise or not to make sure she isn't always increasing her expenditure with more money. Great advice

@wealthinprogress5905 3 жыл бұрын

W•H•A•T•S•A•P•P +•1•9•0•9•9•7•8•9•4•6•6*

@Blecyn 3 жыл бұрын

Very true..! Savings and hardwork doesn’t make you any richer

@sandrawyatt5360 3 жыл бұрын

"Alot of people with high IQs are terrible investors because they've got terrible temperaments. You need to Keep, irrational emotional under control."

@oliviaharding6188 3 жыл бұрын

"we're not squirrels!" dead

@jackiek4159 3 жыл бұрын

Work hard and you'll be rich has got to be one of the biggest lies of society! They just want to keep us in the system and benefit from us not being educated on finances properly! Thank you for bringing awareness to these lies Patricia! 🙌🏻💯

@jackiedelvalle 3 жыл бұрын

💯

@melloxox1 3 жыл бұрын

Nurses start 25-28 annually.. to get to 30+ you have to have years of experience and be at a higher banding which is not easy to do… sigh so right about hard work not being compensated rightly …

@wealthinprogress5905 3 жыл бұрын

W•H•A•T•S•A•P•P +•1•9•0•9•9•7•8•9•4•6•6^

@AmandaVieiraMamaesouCult 2 жыл бұрын

And the worst part is nurses are suuuuper important

@anitacausevic8827 3 жыл бұрын

60-70 hours a week in retail and feel like my finances are moving SLOW

@jackiedelvalle 3 жыл бұрын

So many hours means you're probably too exhausted to do a side hustle/anything else. Maybe find a new retail job that has the same take-home for fewer hours, then that'll free you up time to do side hustles, investments, etc. Good luck 👍🏾

@sumz1721 3 жыл бұрын

Thank you Patricia. Please do a video about children's savings

@aaliyahlunan876 3 жыл бұрын

Love you so much, Patricia! Definitely working toward my Break with your help! Thank you for the raw truth as always.

@AbujaYummyMummy 3 жыл бұрын

it’s worse for us that live in Nigeria where the value of naira has dropped to ridiculous levels 😩 invest invest invest 👌🏽

@MycahEquette 3 жыл бұрын

You’re amazing. So grateful to have found your channel a couple of months ago. Thank you for this!!

@marinarousseau9140 3 жыл бұрын

Thanks Patricia! Always keeping it real 🙌🏽

@allgoodthings7413 2 жыл бұрын

We're not squirrels😂 But also that part about finding people like you that are winning was key! Abundance is here and now and learning will make you lots of money. Thank you Patricia.

@marktilbury---------youtub3624 2 жыл бұрын

Thanks for the comment don't forget to hit the subscription button +①⑨⑦③④④⑥①⑤⑥⑨

@aliyathom6917 3 жыл бұрын

Thank you for giving me some education, necessary knowledge!!!

@danielleanderson-finch6167 3 жыл бұрын

Superyacht stewardess, working around 12-15 hours. Long, but incredible, little out goings as you live in your work place, and sail to some incredible places around the world. The best way to save for property investments :)

@kellacanb 3 жыл бұрын

Ms. Patricia, thank you. Really.

@TheMckinsons 3 жыл бұрын

Here for the gems and here to learn!! 🇯🇲🇬🇧

@holidayadventures2670 3 жыл бұрын

Knowledge is indeed power its everything!

@zennaluna 2 жыл бұрын

Love these, Patricia. Thank you so much!!

@JonathanS89 3 жыл бұрын

What a queen! Always love your videos and positive insights!

@eartht0erika 3 жыл бұрын

Knowledge is power!! Thanks for sharing your wisdom 💖💖💖

@renahyaulani5801 3 жыл бұрын

Thank you so, so, so much for these videos!!!!!! You’re incredible.

@Rayglisse 3 жыл бұрын

Patricia always coming in clutch with the financial advice 💸 your experience & knowledge is _always_ extra appreciated, so thank you!

@user-wn5cm8yd1o 3 жыл бұрын

A"r"e"....Y"o"u....e'x'p'e'r'i'e'n'c'i'n'g___D"i"f'f'i"c'u'l"t'y......T'r'a'd'i"n'g? M*E*S*S*A*G*E_M*E...D*I*R*E*C*T*L*Y' O'N..W"H"A"T"S"A"P"P @ ""*1:::4:::1:::3:::2:::5:::8:::0:::1 :::9:::2;📫......

@MitchkaLeon 3 жыл бұрын

Great points! Working on investing ❤️

@nastyabibi7140 3 жыл бұрын

Love your videos! Keep going! 👌

@lindseystokes5683 3 жыл бұрын

Thank you for this Patricia x

@benta2 3 жыл бұрын

Your points are true facts about financial freedom.👍

@jacquelinestephens5387 3 жыл бұрын

You are so encouraging thanks for your posts!

@user-wn5cm8yd1o 3 жыл бұрын

@leadacruz 3 жыл бұрын

Thank you Patricia for this video. Defenetly trying to apply those. Unlearning is necessary!! Can you make a video about how to create long term financial goal and stick to the goal and stay motivated?? 🙏🏾🙏🏾 Thank you!!

@sincerely_6362 3 жыл бұрын

In love with your vibe girl 😂 richness comin thruuuu

@Mibiafolabi 3 жыл бұрын

Great points Patricia! Thank you so much 😊

@wealthinprogress5905 3 жыл бұрын

W•H•A•T•S•A•P•P +•1•9•0•9•9•7•8•9•4•6•6*^

@stefflores 3 жыл бұрын

Always coming through with the knowledge! 👏👏👏👏👏

@user-wn5cm8yd1o 3 жыл бұрын

@itssimply_lily 3 жыл бұрын

Thank you for posting. Watching from Sydney Australia in lockdown

@user-wn5cm8yd1o 3 жыл бұрын

@deidreej 3 жыл бұрын

Great video! 💐🌹

@melpaintsblue4158 2 жыл бұрын

Thank yooou! You’re awesome 💓

@marilynfarley9213 3 жыл бұрын

Thank you for the good information.

@estheredigbe1518 3 жыл бұрын

Thank you for this Patricia ❤️

@wealthinprogress5905 3 жыл бұрын

W•H•A•T•S•A•P•P +•1•9•0•9•9•7•8•9•4•6•6

@uniquelady1234 3 жыл бұрын

Thank you ❤

@nzolankufi4895 3 жыл бұрын

Forever learning!!

@justagirlontheinternet 3 жыл бұрын

It is soooo important to talk about money!

@esu4124 3 жыл бұрын

Thank you!! what are your top tips on investing?

@yuniakibona7267 3 жыл бұрын

If I've learnt anything from your videos is "don't fall into the trap of lifestyle inflation"🙌🙌thank you for your videos

@lisettekazadi8722 3 жыл бұрын

Yas, Patricia thank you for this video ! Keep doing what you do! You're such a inspiring woman ! From a belgian follower xoxoxo

@wealthinprogress5905 3 жыл бұрын

W•H•A•T•S•A•P•P +•1•9•0•9•9•7•8•9•4•6•6*^*

@NadMartineau 3 жыл бұрын

Getting a financial planner was the best decision I’ve made 👍👍💫

@user-wn5cm8yd1o 3 жыл бұрын

Thanks for your feedback c•o•n•t•a•c•t w•h•a•t•s•a•p•p +1•(4-1-3)•2•5•8•0•1•9•2:...............

@shajahland 3 жыл бұрын

We missed you here! De bons conseils comme d'habitude !!!

@zarajh4648 2 жыл бұрын

c'est certain

@ladysweetslime2388 3 жыл бұрын

Well done This is good Advice!!!. 👍

@feliciabarrett8577 3 жыл бұрын

Yes give the info now!❤❤❤

@jai5348 3 жыл бұрын

Good advice. Appreciate you

@wealthinprogress5905 3 жыл бұрын

Thanks for the watching , for more Informations W•H•A•T•S•A• P• P +. 1. 9. 0. 9 .9. 7. >8. 9. >4. >>6.>6,..*

@dorothysenergy 3 жыл бұрын

The goal is to find what you love and enjoy and use it to help people. Yes to giving value!!!

@thobekamnguni6865 3 жыл бұрын

This is so helpful 💯👏👏

@user-wn5cm8yd1o 3 жыл бұрын

@joyarries281 3 жыл бұрын

Thanks Patricia 🤗🇿🇦

@wealthinprogress5905 3 жыл бұрын

Thanks for the watching , for more Informations W•H•A•T•S•A• P• P +. 1. 9. 0. 9 .9. 7. >8. 9. >4. >>6.>6,..

@sophiedetraux3551 3 жыл бұрын

Nurses working for the NHS in the UK would start on a salary of around 26k per year (Band 5), with unsociable hours shifts and experience they normally receive 33-35k per year

@fairfacttv8175 3 жыл бұрын

Am sure that £26k is London, or Scotland, the rest of us is 24,900

@jackiedelvalle 3 жыл бұрын

That's not bad at all. Pretty much all childcare and nursing home care is extremely badly paid, with workers commonly not clearing 20k even in London. Absolutely mad.

@CameshaCamz 3 жыл бұрын

So true.

@torifrederique8352 2 жыл бұрын

Amen! Yes girl!!

@marktilbury---------youtub3624 2 жыл бұрын

Thanks for the comment don't forget to hit the subscription button +①⑨⑦③④④⑥①⑤⑥⑨*'

@hettyj8335 3 жыл бұрын

The background is pretty but you look fabulous 😍

@fairfacttv8175 3 жыл бұрын

Patricia nurses 40k?? How? Nursing salary starts at £24,907😅, tanks to covid some nurses now realised their worth. Agency ni koko

@deinterieuringenieur 3 жыл бұрын

Patriciaaaaaaaa. This was too short😒😒😒 but thanks thooo. Been waithing hella long for A video. So im gratefull🤣🤣🤣

@emiliaanker8003 3 жыл бұрын

great point about saving! Now what we do with the money in our saving account?

@evelynwilliams6777 3 жыл бұрын

Inspired!

@mercyapolot7757 2 жыл бұрын

Tomorrow is not promised, a little luxury here and there is truly a nice feeling

@BeccaandSoph 3 жыл бұрын

Yesss Patricia!!! We love these financial help videos 😁 we are not squirrels🐿😂

@wealthinprogress5905 3 жыл бұрын

W•H•A•T•S•A•P•P +•1•9•0•9•9•7•8•9•4•6•6*^*

@hberror404 3 жыл бұрын

This video!!! YESSS

@SUBWATGYG755 3 жыл бұрын

excellent viddddddeoooooo!!!!!!!!!!!!!!!!!!!!!!!!!

@crepusco9821 3 жыл бұрын

Yes u r finally back ! Thought u we’re gone 😂

@msrita 3 жыл бұрын

Squirrels 😅 . Never thought of it like that. 👏

@wealthinprogress5905 3 жыл бұрын

Thanks for the watching , for more Informations W•H•A•T•S•A• P• P +. 1. 9. 0. 9 .9. 7. >8. 9. >4. >>6.>6,..*

@TheWellnessAbbey 3 жыл бұрын

Yay- a new video!!! 😍

@e.k.savage 3 жыл бұрын

It would be great to see different examples of investment at different amounts- e.g. investments you can make at the start of your career, with different amounts!!

@teresalopes5460 3 жыл бұрын

Patricia, what are the investing accounts or brokers do you use in the uk to invest in the stock market ?

@TheJazmineRose 3 жыл бұрын

This is amazing ✨

@wealthinprogress5905 3 жыл бұрын

Thanks for the watching , for more Informations W•H•A•T•S•A• P• P +. 1. 9. 0. 9 .9. 7. >8. 9. >4. >>6.>6,..●

@everythingella1291 3 жыл бұрын

SHES BACKKKKK

@mrkay931 3 жыл бұрын

Can you please do a DHGate haul and compare to some originals you have xx love you

@itsyourboyconx9959 3 жыл бұрын

How do you find a way to invest rather than save in the bank which you know is going to go up? i’ve tried watching videos but there’s no direct answers 💞xx

@dianadomingues5519 3 жыл бұрын

maybe start off using an index fund or a stocks and shares ISA, they’re lower risk as they’re made up of lots of different companies so it’s not putting all your eggs in one basket. there’s always the potential for it to lose value but if you invest for the long term it’ll typically increase in value x

@AnaSantos-no6hy 3 жыл бұрын

“We are not squirrels, we do not need to store our nuts “ ahaha 😂😂😂

@wealthinprogress5905 3 жыл бұрын

Thanks for the watching , for more Informations W•H•A•T•S•A• P• P +. 1. 9. 0. 9 .9. 7. >8. 9. >4. >>6.>6,..●

@clumsykhaya 3 жыл бұрын

loveee this thank you patricia

@user-wn5cm8yd1o 3 жыл бұрын

@dEsMaRiiE 3 жыл бұрын

Can we get a video of a day in the life of your sister Maureen? 🗣🗣🗣✊🏾✊🏾✊🏾✊🏾

@JourneytoLinPRinP 3 жыл бұрын

Wouldn’t that be an invasion of privacy, follow her on Insta or something. That’s her business right? Don’t mean to sound rude…

@jackiedelvalle 3 жыл бұрын

A video of Maureen? Why?

@hannahwashere 2 жыл бұрын

hi patricia, where do you keep emergency savings if you don't support saving in a bank account? also, do you have a SIPP?

@eliceiam_ 3 жыл бұрын

You know its a good day when Sis comes through with the video 😍😍

@stayhappylittlemermaid 3 жыл бұрын

Doctor, doctor! I'm having this terrible memory problem! How long have you been having this problem? Problem, what problem?

@TradingWithCJ 3 жыл бұрын

Investttt 🔥🔥🔥

@tambariw 3 жыл бұрын

Loved all these tips! In terms of savings and investments, can you make a video about different types of investments? I'm particularly interested in Roth IRA.

@user-wn5cm8yd1o 3 жыл бұрын

Thanks for your feedback c•o•n•t•a•c•t w•h•a•t•s•a•p•p +1•(4-1-3)•2•5•8•0•1•9•2:...............

@BeyoutifulHoney 2 жыл бұрын

Too much hard work equals burn out!

@lee-13 3 жыл бұрын

what about an emergency fund savings account in the bank?

@jackiedelvalle 3 жыл бұрын

Of course essential. But back in the day people would try to have 10s of 1000s in the bank, and more. If the money is constantly devaluing, that no longer makes sense. A few multiples of your monthly outgoings should cover emergencies, maybe even less if you find a way to withdraw from investments that isn't punitive???? Patricia, ideas for future.

@amanitweed 3 жыл бұрын

Random question, anyone have idea on what type of side hustle/extra income teachers can do? Would love recommendation/advice other than tutoring.

@jackiedelvalle 3 жыл бұрын

Exam marking, invigilating.... If you own your home, renting rooms, taking in students, etc....

@CharminaRose 3 жыл бұрын

How much of your income in % would you recommend to save and how much in % would you recommend to invest? Love your videos and watch all of them, keep it up!😍

@TheRealMae 3 жыл бұрын

Yeah what Charmina said please

@IBlameItOnMyYouth 3 жыл бұрын

it really depends on you personally and what you are comfortable with. but ideally you should be able to have 3-6 months of your expenses saved, incase something happens and you don't earn any income. some people like saving more or less depending on how financially secure they feel. but above that you can invest the money.

@lotta6324 3 жыл бұрын

She is so cool!!!!!!!!!

@wealthinprogress5905 3 жыл бұрын

Thanks for the watching , for more Informations W•H•A•T•S•A• P• P +. 1. 9. 0. 9 .9. 7. >8. 9. >4. >>6.>6,..*

@SystematicSarah 3 жыл бұрын

I'mm 22 and work 9-5 40 hours a week in the public sector. Saved about half of my annual salary in the bank.. not a risk taker so dont know what to do with my savings!! Argh

@wealthinprogress5905 3 жыл бұрын

Thanks for the watching , for more Informations W•H•A•T•S•A• P• P +. 1. 9. 0. 9 .9. 7. >8. 9. >4. >>6.>6,..*^

@caramelking-zf8wu 3 жыл бұрын

No One Gets Rich by "Saving Money" !!!

@miriamstrauss 3 жыл бұрын

*If you found this comment: you must be pretty friken awesome!*

@elainabex 3 жыл бұрын

I’m early for once!

@rebatwins7139 3 жыл бұрын

Save your money where it will grow

@user-wn5cm8yd1o 3 жыл бұрын

@ThabiNyoni 3 жыл бұрын

It’s the scared money for me, so guilty of this. Let me right a list of things I’m too scared to buy but actually can afford 🙈🙈🙈🙈

@user-wn5cm8yd1o 3 жыл бұрын

@azarymelekh 3 жыл бұрын

Great video but nurses in North America make much more than 40k/50k. Alot more!

@user-wn5cm8yd1o 3 жыл бұрын

@shaleyb783 2 жыл бұрын

She’s in the UK and 40/50k is actually an overestimate of what most nurses make.Closer to £24k at starting.

@mysteriousempress1240 3 жыл бұрын

❤️

@user-wn5cm8yd1o 3 жыл бұрын

@AbujaYummyMummy 3 жыл бұрын

Why don’t they teach these in schools ??! 😭😭🥴

@jackiedelvalle 3 жыл бұрын

Bc they need lots of people to not do so well. Which millionaires do you see wiping bums, working in Sainsbury's or collecting bins? Answer: NONE!!! If we were all super successful and rich there'd be no one to do all the dross work that society needs. But that doesn't mean YOU specifically have to self sacrifice. Let others do it. Aim to be rich and free. Don't let them distract you chatting about the latest this and the latest that. CHANGE YOUR LIFE, PEOPLE!

@bhg582 3 жыл бұрын

they dont want u to escape the system its simple