8 Money Moves I REGRET Not Making In My 20s
Рет қаралды 95,223
Күн бұрынLearn from my mistakes lol... here are the 8 money moves I REGRET not making in my 20s.
TIMESTAMPS
00:00 Intro
00:23 Choosing Friends
02:41 Ambitious Goals
03:43 Income Streams
05:31 Personal Development
06:57 Financial Boundaries
08:06 Investing Sooner
09:25 Cheap Education
10:33 Learn Budgeting
__________
**THINGS MENTIONED IN THIS VIDEO! 👀**
💫 YNAB (I literally can't live without this budgeting app, so obsessed)
www.youneedabudget.com/?ref=Y...
💫FHA loan www.hud.gov/buying/loans
💫 Landmark Forum www.landmarkworldwide.com/
__________
**BOOKS I RECOMMEND 📚**
I Will Teach You to Be Rich (hilarious how-to book on personal finance for millennials)
amzn.to/2VbJ1Pt
The Little Book of Common Sense Investing (Jack Bogle's classic advice on index funds)
amzn.to/32ewzjj
InvestED (step-by-step, millennial-friendly advice on how to pick stocks like Warren Buffett)
amzn.to/2SLTYpn
Unshakeable (this book = courage. blast ALL the fears & misconceptions you have about investing)
amzn.to/2SKyklt
Rich Dad Poor Dad (#1 selling personal finance book of all time... need I say more?)
amzn.to/2SJ6vtx
Think and Grow Rich (the ultimate book on money mindset and wealth consciousness)
amzn.to/37N2adc
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**MY FAVORITE MONEY TOOLS 🖤**
YNAB (I literally can't live without this budgeting app, so obsessed)
www.youneedabudget.com/?ref=Y...
Wise (like Venmo but for international currencies - I use this app a LOT for my life in Mexico)
wise.prf.hn/l/413jE0q
Ledger Nano S (crypto storage hardware wallet, because "Not Your Keys, Not Your Crypto"!):
amzn.to/3Ne37jy
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DISCLAIMERS & DISCLOSURES ❤
This content is for education and entertainment purposes only. Rose does not provide tax or investment advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors. Past performance is not indicative of future results. All investing involves risk, including the possible loss of principal.
This description contains affiliate links that allow you to find the items mentioned in this video and support the channel at no cost to you. Investing With Rose is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to www.amazon.com. Thank you for your support!
__________
SAY HI ON SOCIAL! 👋🏼
Website: www.rosehan.com
Instagram: / itsrosehan
TikTok: / itsrosehan
Pinterest: / itsrosehan
@michelecolvin3374 Жыл бұрын
That you realized all of this in your 30s is amazing. I am in my 50s and just working towards being where your at. So give yourself credit for being where you are at now. Keep up all your awesome work.
@AM-bv8vi Жыл бұрын
Fellow 50+ year old here. I couldn't agree with you more!
@desertpinevintage162 Жыл бұрын
Same here! 52 and just now getting serious about finances.
@monayang123 Жыл бұрын
Same! I wish I had some guidance regarding finances when I was in my 20s. I’m 41
@remuspierre8038 Жыл бұрын
Thanks Rose han
@wealthhacker Жыл бұрын
2:41 can totally relate to not having BIGGER goals. coming from a broke family I never knew how to have big audacious goals until I changed my inner circle
@itsrosehan Жыл бұрын
🙌🏼💯
@dhk1137 Жыл бұрын
I'm 46, just learning how to budget! Youngsters, listen to her - on point! It's so overwhelming trying to learn this when you're older!
@thepixelcatcher 3 ай бұрын
I just started to figure out stuff in my 40s. Paying off a mountain of debt I owed was life changing.
@lalalagra Жыл бұрын
-Your friends determine your future > you'll likely adopt the spending habit of your friends -Ambitious goals > you probably wont remember the random shit you spent in your 20s so spend it building up financial seeds that you'll appreciate in your 30s -Build the right income > there are better income streams out there than your job -Personal Dev > invest in yourself since 'You' are making your money. Invest in yourself -Set Boundaries > be careful about lending/contribution to friends/fam -Be careful of debt -Invest earlier -Budget earlier -
@billashby7858 Жыл бұрын
Never ever co-sign on a loan, 95% of the time this will end in heartbreak!
@DS11110 Жыл бұрын
I saw my dad being heartbroken and I thought my generation would be different. I still believe it's how the individual is. Some people aren't responsible and when you have to deal with that, it definitely is painful. Love yourself and have boundaries. I had to learn that.
@NicolaWinters Жыл бұрын
I can relate to this so much. I’m also in my early 30s heading towards mid 30s and I wish I had worked on different income streams earlier! Thanks for an awesome video!
@calmwithirene Жыл бұрын
Love the first one about choosing our friends. The tough thing is really not sure how to find those friend groups, even in a largely populated city like NYC.
@itsrosehan Жыл бұрын
Making friends as an adult feels daunting sometimes I know… especially in a big city. Maybe you can try what I did and go to an investing/money meetup or class and see who shows up there! Only motivated people seek out stuff like that when there’s so many other fun things to do in the city…
@BlackVenom229 Жыл бұрын
you’re the older sister i wish i had. i’m glad i found your channel! i’m in my early 20s and try to learn from financially educated people like you
@sachikojt Жыл бұрын
I love the momentum of your videos and how you keep it real with where you are at with your life ❤️
@deltonlomatai2309 Жыл бұрын
Having a mentor or parent help with those choices is always good. Thank you for your insight.
@itsrosehan Жыл бұрын
Indeed… unfortunately most people don’t have growing up!
@deltonlomatai2309 Жыл бұрын
Most people dont grow up... Its taking me years and some would argue that I have not grown up.
@Constellasian Жыл бұрын
It's true that some of the most significant life events take place around the age of 35 or younger, but late bloomers like myself aren't doomed. Like some mentioned here, I also grew up poor as hell. I didn't learn about the importance of investing in assets until I was 33, and didn't take it seriously until my late 30s. I got lucky for the most part, but my net worth skyrocketed when I got serious and began buying more properties and other income generating assets.
@kingseiryu929 Жыл бұрын
dont worry about it bro, even if u knew about this in your 20s, you probably cant afford it. Till 30s when people start to stabilize, then they have good enough salaries and networth. So this is your time.
@bradtrades Жыл бұрын
Rose, your videos are like sitting in front of a fire hose (a good thing!) Often 2 hrs of info stuffed into 12 minutes. Never a need to skip ahead looking for valuable content like with most other videos. Hope you're being well compensated, you deserve it!
@zakkrick Жыл бұрын
In my 20’s I started my 401k, now I have up 200,000. I ask my coworkers that started working with me at this work place at the same time. He didn’t know anything or no one told him about the 401k plan. So he has nothing save up to this day because he spent as he went all these years. And there’s another coworker that worked with us but he started in 1995, but he never started a 401k plan and didn’t know about it, now he’s kicking himself because he’s a lot older now. 401k is not like the stock market but it’s good to have it when you retire. Now looking back I’m happy that I started the 401k sooner than later
@1Krsna8 Жыл бұрын
Really great video thanks for always posting great videos rose.
@victorialaurent447 11 ай бұрын
So useful thank you so much! Not only that but all the info in your description is a gold mine 🙏🏻💗💗💗💗💗
@rodneyjenkins6931 Жыл бұрын
Luv the comment about Landmark forum. Great transformative experience!
@Devinn504 Жыл бұрын
Glad you’re posting more!
@simplysophie1994 Жыл бұрын
Hi Rose. Thank you so much for these videos!!!! I was wondering can you do a video on people in their 40s or 50s who never invested and want to invest now or just be smarter with their money? I recommend your videos to my kids but I never had anyone teach about finance when I grew up so I basically just worked for my small income all my life. Now I know better and follow a lot of your recommendations but I wonder if there is something different I should do now that I’m 46. Thanks again ❤
@geemuuuu Жыл бұрын
Your videos have such a positive vibe! You sound plausible which is a rare quality nowadays.
@terryleechen Жыл бұрын
Hello Rose, I'm Terry, and I am a student founder from Edmonton, Canada. I found your channel while searching on youtube "Why is personal finance so sensitive" as I am struggling with connecting with people to talk about their achievements and struggles to help me understand the problem. I was blown away by your insights and your genuine self to your audience. I would love to connect with you and learn more about your journey and your perspective on personal finance. I think you have a lot of valuable experience and wisdom to share. I'm really looking forward to hearing from you. Thank you for your amazing content and your inspiring message. Best, Terry
@kirklugg82 Жыл бұрын
Show me your friends and show me your future, you said it right rose , this really resonate with me .and thanks for sharing the three types of income (1)job income (2)investment income, and (3)business income. Trading time for money is never the best way to earn money, and be heavily taxed. Multiple income streams is the greatest way to go. Thanks a million rose for this excellent, encouraging, informative, and well-informed interesting video.
@itsrosehan Жыл бұрын
Glad you got something valuable out of it!!
@faqu529 Жыл бұрын
THANK YOU ROSE FOR THE GREAT CONTENT! YOUR HAIR LOOKS GREAT AS WELL!!!
@eek8903 Жыл бұрын
"Your finances will always reflect what's going on inside.." This is so true. My health and wellness was so bad which led to me overspending and developing bad financial habits. Therapy and reading improvement books did wonders. Put in the effort to improve yourself and it will show in every area in your life.
@beab8738 10 ай бұрын
In leaving so much comments while I slowly binge your channel but this one really resonated since I'm still in my mid 20s. You made me realise I have so much to be grateful for. I have covid to thank for making me read self development audio books to help work through my people pleasing. My free education, starting investing early albeit small amounts and budgetting. You really inspire me since i was feeling down lately due to my perception of not doing/being enough. Thank you
@zoukchata Жыл бұрын
Saving my life with this info... Thank you... Easy to follow.
@dennisdouglas4261 Жыл бұрын
Hi Rose. You are so right about association's.
@TaelurAlexis 8 ай бұрын
I’m so freaking glad you said to really consider if you actually need a degree. At least for tech, I didn’t need one to land software engineer roles or cybersecurity. I freaking loved this whole video actually lol taking notes‼️
@pkhliu Жыл бұрын
Thanks for brining up Landmark in your comment. That's life changing!
@denise2025retire Жыл бұрын
So wise! Great video!
@dianen6638 Жыл бұрын
Great advice, I will definitely pass it along to my kids ❤
@Papa1P3RCY Жыл бұрын
Very true Rose! Great Video. 😇
@dieosos Жыл бұрын
Started with your video on buying property in MÉX and I want to tell you that I freaking appreciate your perspective on so many things 🙏🏼 I send you blessings from Germany, our goal is to buy our first home in MÉX next year, will keep you updated 😀
@reeseosbornestudios Жыл бұрын
I wish i had a group of investment motivated friends when i was younger vs really getting a grasp on this thing so late in life. I've always been a saver, but i should have been more aggressively investing for sure. A lesson learned late. Channels like this is the good thing about technology for sure.
@luciomallari9724 Жыл бұрын
So so beautiful advise. Tnank you.
@johnnyd614 Жыл бұрын
Rose, you are still so young, and have accomplished so much. I’m wondering if you aren’t seeing the value of all the things you learned in your 20’s? You call them regrets, I call them lessons which contributed to who you are today. Seems like your 20s were some of the best years with regard to development. Anyway, great nails, and can you bring your dog back in the next video? 😊
@iamcoriarnold Жыл бұрын
Completely agree on types of income. I wish I would have started sooner and not spent so much money on stuff. I went from $260,000 debt to millionaire in 10 years after I finally learned these lessons.
@mehdikhosh8879 Жыл бұрын
Thank you for creating such an informative and engaging educational video. Your dedication to sharing knowledge and making learning more accessible is truly appreciated. Your video has helped me to better understand the subject matter and has inspired me to continue learning and exploring new topics. Keep up the great work!
@AngelChaeng Жыл бұрын
as someone in their 20's, I am so grateful for your videos
@ayuhafiz3668 Жыл бұрын
My spouse and I are adding a variety of stocks/ETF to my present holdings for the long term, We've set aside $250k to start following inflation-indexed bonds and stocks of companies with solid cash flows, I believe it is a good time to capitalize on the market for long-term gains, but it wouldn't hurt to know means of actualizing short term profit.
@carlocase8027 Жыл бұрын
Thank you for this amazing tip. I just looked the name up, wrote her, and scheduled a call
@torreniles469 Жыл бұрын
Your amazing really enjoy sitting with you. Thank you!
@shaereub4450 Жыл бұрын
I'm 29 and cut contact with most of my friends in 2019 (because we all had one thing in common and I lost interest in that). On the bright side, I work 50 hours/week and have great connections and conversations with my co workers.
@wdeemarwdeemar8739 Жыл бұрын
I live here in Palo Alto. I have a friend who went to community college then Cal State then in the last year or so Stanford and now has a Stanford College degree for less than 30 k. Most of the first two years is general education courses anyway.
@itsrosehan Жыл бұрын
Exactly my point!!! 🙌🏼🙌🏼🙌🏼
@johnlukach4091 Жыл бұрын
I came from a family of high school dropouts. Ambition was there to improve and not be like my parents. Still numerous road blocks present themselves whether you are up or down. Everything is a learning experience as long as you strive for better you will be in a better place
@MoorishBrooklyn 11 ай бұрын
Tough lessons but needed lessons. Good video.
@realmoneystrategies Жыл бұрын
Love that you listen to the GOAT aka Jim Rohn 😄
@remuspierre8038 Жыл бұрын
Amazing advice
@dachicagoan8185 Жыл бұрын
In our 20s, we were all at our dumbest lol.
@itsrosehan Жыл бұрын
💯🤣
@alextroy9202 Жыл бұрын
We’re learning. It’s our first time being adults
@dimplechandrakar2011 Жыл бұрын
Hi Rose, I Alway find your content useful and encouraging. Please provide some more details on AI Stock and ETF and index fund.
@larry2513 Жыл бұрын
I enjoy watching and listening to other people’s experiences in the financial arena. I have a college degree that I can frame but really had nothing to do with the career I ended up getting into. In fact I know co-workers that never went to college and we all make 6 figures with over time. It is a trade off for me my job enabled me to buy real estate, have a nice pension and medical. Passive income is great if you invest in the right areas.
@raturimic Жыл бұрын
Must watch video for current generation high-school students
@c00lbreeze150 Жыл бұрын
I agree 👍🏼💯 Very well said 🎉
@iza.u Жыл бұрын
I love these videos, now I'll look into fha loans and other incomes wooo
@AviatonX Жыл бұрын
I can relate giving loans to family, it destroys relationships 😢
@DoctorBiscuit Жыл бұрын
Great advice
@soshieyezone7523 Жыл бұрын
thank you for sharing your knowledge, i also dont drink and i had a similar experience when i agreed to split the bill only to realize i lost a lot of money but i learned from it now xD
@jeremytheoneofdestiny8691 Жыл бұрын
8:22 what website is this? Really like the UI.
@allankobel7522 Жыл бұрын
Hi Rose, what credit cards do you have?
@MamaOwlbear Жыл бұрын
3:00 Also look at USDA loans. They are often better than FHA loans. No PMI. No money down. Just pay closing costs. Low interest rates, (though times are different than now.) We got our home under a USDA and it was the best decision that we've made and allowed us to become homeowners. 8:00 Do you have any book or resource information to help me understand how to pick and understand investments? Like stocks, bonds, etcs.
@sarahjaayx Жыл бұрын
Rose I'm so grateful to have found you in 2020. I have put a lot more effort into investing the last few years and I can honestly say you were the biggest influence to get me into it. Thank you for putting investing into more simple terms, I will always appreciate you!
@itsrosehan Жыл бұрын
That means so much to me! Thank you 💕💕
@verb0ze Жыл бұрын
What I like about your videos is that you are relatable and don't come across as one of those geniuses who just had it all figured out at the age of 10 (nothing wrong with those people btw, it's just that I feel hopeless when I hear them talk about their successes because I feel I'm 20 years too late to the game lol). You also explain things in a manner most of us can understand. That's very inspiring because it gives me hope that I too can get there. I've always been good with money, but what I lacked was knowledge on how to use money strategically. I instead stashed all my extra cash in savings accounts, because I was too afraid to take risks with investments. Better late than never, I'm now at a place where I invest aggressively and have cut out all frivolous spend (other than travel, my guilty pleasure, but hey, gotta live a little, right now). And lately, I've been motivated to build assets, and not simply deploy capital to acquire assets. It really seems possible once you start down this seemingly scary path!
@willmallory9085 Жыл бұрын
Thanks for sharing.
@itsrosehan Жыл бұрын
You’re so welcome ☺️☺️
@MICHAEL-xr9yx Жыл бұрын
So so so true!!
@itsrosehan Жыл бұрын
🙌🏼🙌🏼
@Sithgazmm Жыл бұрын
Did I see you in Reno did I take you to a movie theater in my Uber? hmm
@johngomes4278 Жыл бұрын
Your channel is great 👍
@johngomes4278 Жыл бұрын
Is this you rose ? I would like to contact you sure
@With.Love.Chris. Жыл бұрын
Which coding bootcamp did your friend use btw?
@davidmata3992 Жыл бұрын
Rose!!! Subsidizing Someone’s alcoholism, No bueno 😂❤
@efvp1969 Жыл бұрын
I will be forever grateful to you and your content. The pandemic made me look at my finances in a completely different way and your videos were the first ones that took me by my hands and showed me the light at the end of the tunnel ( I had just turned 50) I remember the first video that I saw was on how to “pay yourself first” a concept I did not comprehend until I saw your video, and as soon as you mentioned the book “The Richest Man in Babylon” I knew I needed to see and hear more of your videos, which to me are ‘nuggets of gold’…❤thank you!
@datswhatidrew Жыл бұрын
Preaching to the choir here. I relate. Though still working on these changes a bit late but they say you have to start somewhere. Though if you are in your 20s, listen to this video.
@TortoiseCashFlow Жыл бұрын
Choir
@johnhorchler667 Жыл бұрын
99.99999999999999999999999999999 Thumbs up 👍
@datswhatidrew Жыл бұрын
@@TortoiseCashFlow got me there!
@itsrosehan Жыл бұрын
So true, you just gotta start somewhere and start where you are!
@datswhatidrew Жыл бұрын
@@itsrosehan indeed
@DS11110 Жыл бұрын
I had to learn how to have healthy boundaries with giving too much money to family. I actually would be in a better place, if I didn't do what I did. I still believe people matter more than money, but in a world where money matters so much there are limits to make sure you can sustain too.
@neemaidabu8696 Жыл бұрын
This is very valuable information. Thank you for sharing. Is there a way someone can connect to you personally?
@Chronos867 Жыл бұрын
If you have a 20 year outlook what is your opinion of investing in USA especially with the de dollarization, growing US debt and inflation? If stagflation occurs how long do you think it's going to run?
@DaisyAruba Жыл бұрын
Another to keep in mind-talk therapy isn’t the only therapy out there. Multiple forms of non medicinal or medicinal forms of therapy that help many. For a lot of people talk therapy makes things worse. After multiple therapists if you aren’t getting better or noticing any changes then try something different. Just search what your state offers/insurance.
@aynurshauerman Жыл бұрын
I communicate with my 3 children and husband most of my time... so,, I will be kid in my future
@lauraatterbury 21 күн бұрын
Which landmark course did you go through. There are so many courses.
@tsubes8556 Жыл бұрын
These are great recommendations!! But where are you buying a house with a 20k down?? I live in the Bay Area and it’s just not possible here
@scottsendra491 Жыл бұрын
Do you know good chat groups or group meetups to find financial goal-oriented people? I want to find people that have good financial goals so I can learn from them.
@darshandev1754 Жыл бұрын
Insightful
@yelenawhitmer1329 9 ай бұрын
Thanks 🌹
@suresh_manokaran Жыл бұрын
Still I am trying to find my friends who are passionate like you to push myself more and more
@kitsune2334 Жыл бұрын
Facts about friends
@Papa1P3RCY Жыл бұрын
Facts ❤️💫
@SilverXT Жыл бұрын
Gonna start going to therapy this Saturday. Hoping it's productive
@MrRikkiRocket Жыл бұрын
Great info but why isn’t Jupiter in these financial videos? A cameo at least would be nice. Also, I miss your lifestyle videos. How about two financial and two lifestyle videos per month please. Thank You, Rikki
@CathAlexandra 8 ай бұрын
My child CLEPed the freshman year, went to a community college, then transferred to a 4 year college. It saved quite a bit! He commuted from home, so no housing costs.
@CollosalTrollge Жыл бұрын
@Rose Han: > such a stupid question to ask , but can u give some simple examples of self development u have in mind... or what u would suggest/ recommend
@itsrosehan Жыл бұрын
Not a stupid question! Reading books is the easiest/cheapest form of self-development. Classics like “How to win friends and influence people” or “Think and grow rich”. Then there’s talk therapy, and the Landmark Forum which was my first major self development thing. Beyond that there’s meditation, psychedelics and everything in between! It’s quite an addictive rabbit hole but for sure timeless books are the first place to start!
@Madchris8828 Ай бұрын
"Dont wait until your thirties to do personal development" I guess its good I started in my late twenties at least lol. But yeah my mental barriers and difficulties put a hamper on my own development quite a bit. Mental health like investing is pretty much never too late to start working on.
@IVAN2233 Жыл бұрын
I want to start investing at least $100 a month like you said but are you talking about a Roth IRA account or a brokers account like Robinhood?
@zakkrick Жыл бұрын
I spent time in my 20’s with cousins that use me for money and then spent time in my 30’s with friends that goes to the casino or just gamble with other friends then you go broke with them. Now I cut out my cousins and friends, I started to save thousands and now I started to realize that cousins and friends were just using me for my car and money. Yep you are who you hangout with.
@patrickshepherd4664 9 ай бұрын
Do you work with ppl to get them where your at ???
@sepehrramshini6411 4 ай бұрын
Agree with all expect charging your friends intrest for lending them money... Then what's the difference between us and banks
@I3PREDACON Жыл бұрын
Surrounding oneself with the right people is truly important, and I cannot agree more. As Asian American immigrants, we often feel a pressure to conform and fit in during our younger years. However, I've come to realize that the only friendships that truly matter to me are with Ben Franklin, Ulysses S Grant, and Andrew Jackson. They don't engage in gossip or manipulation! LMAO!
@itsrosehan Жыл бұрын
🤣🙌🏼
@re_flow Жыл бұрын
Consistently uploading videos, I assume the house renovation completes?
@jjong0711 Жыл бұрын
Landmark was amazing for breaking down the false beliefs I had about myself and people around me. It's one of of the few things that can actually drastically change your life in a few days. Their marketing is a bit cult-y though.
@johnhorchler667 Жыл бұрын
Like you said I wish I new this when I was youg when I was 19 I bought my frist savings bond $99 dollars 💸 and a few more later in life and not to long they were stolen 😢 and back then as everyone else young and drum I kept spending my pay check like she said she was trying to be like her friends but every week I would spend my pay check on magazines and I keep looking back on it but I think like she said I was spending my money because I kept getting robbed so no one would still it form me and as I ended up old er I when I was younger I could save money 💰 as a kid if I wanted something but I later read Rich dad. Poor dad from page 1 to page 91 and I was that is cool because the rest of the books are out dated for 200s and I only bought rdpd to see how it is and I like it justbto page 91 I'm going to re read it like we do I wish I new ... when I was younger .
@rodrigorodriguez509 Жыл бұрын
As a CPA this woman is very pretty
@naoumhalamoutis1960 Жыл бұрын
Come to Boston and have coffee with me 😉
@michael43567 Жыл бұрын
Business & Investment income is best, but it's not easy to generate a consistent liveable amount. And you'll likekly need Job income to build up Business/Investment income
@lifen11 Жыл бұрын
I need to know Rose. The guy you met at that gathering, can't remember what it was called. Something like Dead Man something. So can you tell me, are you still with him or did you kick him to the curb??
@lizhernandez3857 Жыл бұрын
Hello Everyone 👋😀
@kylenguyen7884 Жыл бұрын
Hi, can I be your friend? I already have 4 friends, looking for the 5th one 😅
@DaisyAruba Жыл бұрын
Yea I have to invest and “we are so used to have to work for every dollar” people who aren’t Americans will laugh about that. For real. It is true. I literally could of had close to 100K if I invested at age 17 when. I managed to save 10K for a car. I was taught “the banks are evil don’t listen to nah of them, keep your money! Save it!” Then I learned about compound interest 7 years later and I’m still not well rounded about it
@billspencer8540 Жыл бұрын
What is the difference between money and currency ?
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Рет қаралды 6 МЛН