Do This EVERY Time You Get Paid (Millionaire Payday Routine)
Рет қаралды 209,301
Күн бұрынStop living paycheck to paycheck! In this video, I reveal what you should do every single payday to help you break free from financial stress and build lasting wealth.
TIMESTAMPS
00:00:41 - 1st Place
00:02:59 - 2nd Place
00:04:42 - 3rd Place
00:06:23 - 4th Place
00:10:21 - 5th Place
00:12:00 - 6th Place
00:12:42 - 7th Place
00:14:24 - 8th Place
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**THINGS MENTIONED IN THIS VIDEO! 👀**
💫 Ultimate Guide to Investment Accounts hello.rosehan.com/ultimateguide/
💫 Call To Freedom Email Newsletter: rosehan.com/calltofreedom
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**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
High-Yield Savings Accounts (don't settle for 0% when you can get 3%+ on your savings)
www.bankrate.com/landing/rose...
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!
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@itsrosehan is my social media handle on all platforms. I will NEVER message or email you about investment schemes, so please be careful and block & report any scammers posing as me.
SAY HI ON SOCIAL! 👋🏼
Website: www.rosehan.com
Instagram: / itsrosehan
TikTok: / itsrosehan
Facebook: / itsrosehan
@kauigirl808 Ай бұрын
My mentality hasn’t changed whether I make 20k or 100k. I still have the same mindset that I’m brokeAF and spend the same as if I’m poor. It’s just habit.
@xmusic2049 27 күн бұрын
My mindset would change. I would be able to save and invest more.
@kauigirl808 27 күн бұрын
@@xmusic2049 I meant spending wise I’m still the same. Invest more than half my paycheck in my 401k. I do go higher if I make more.
@angelinasouren 25 күн бұрын
What if you made 5k?
@kauigirl808 25 күн бұрын
@@angelinasouren are we talking monthly or yearly because it's a big difference 😂😂😂😂😂
@angelinasouren 24 күн бұрын
@@kauigirl808 yearly
@marthawilliams8876 11 күн бұрын
I put away a grand a month but there is always something. Daughters tuition, car needs tires, daughter not working, medical bills, vacation,
@alishajennings2013 4 күн бұрын
Start saving specifically for things you know will come up such as car maintenance, vacation, Christmas, birthday gifts ect. Some people call them sinking funds. I have my main savings which is my emergency fund. But I have smaller amounts that I put money in each month also for expenses I know are coming but aren't very often. That way when they do come up I'm not pulling money out of the main savings (emergency fund)
@morganschmidtke9015 18 күн бұрын
You left out one key category: GIVING. :)
@rushellrousseau9197 12 күн бұрын
Very important! Giving is useful plus it just makes me feel richer!
@commonsenseisntcommon1776 Ай бұрын
No CC debt, No car payment, Mortgage at 2.25%, building my Brokerage account and saving account.
@TheMFStudios 26 күн бұрын
Then why are you here?
@vintagecrazyjay4970 25 күн бұрын
@@TheMFStudios I'm here for motivation to continue to stay debt free. Never stop learning. Cheers!
@jairohernandez7957 24 күн бұрын
@@vintagecrazyjay4970 same!
@phansaxtiger 19 күн бұрын
@@TheMFStudios😂
@hades1066 17 күн бұрын
Are you living with your parents still? That's the question we all need an answer to...
@alexandrathe120 Ай бұрын
This is literally the blueprint on how to become financially independent and financially stable ❤I love your hair and I love the info that you shared with us and will incorporate this in my money journey! Thank you so much 😊
@itsrosehan Ай бұрын
Thanks, and you got this! Also if only my hair could give financial advice too, we'd all be set! 🤣
@zakkrick Ай бұрын
Don’t trust family and cousins if they want to borrow money, they won’t pay you back. They’ll say I’ll pay you whenever I pay you back or it’s your fault for asking for the money.
@lexxko Ай бұрын
Family is family...business is business. Try to not mix the two if possible
@georgina4874 22 күн бұрын
Look at it as if it were a one-time💕 donation.
@bronzefire5404 16 күн бұрын
I learned the hard way when loaning out $. If it will hurt you not to get it back, then don’t loan it out.
@nargizakhujanberdiyeva 14 күн бұрын
Painful true 😂
@SP-ig3vs 11 күн бұрын
Just give them
@Hyakman5408 28 күн бұрын
5:36 I've used the "snowball" method that you talk about, but it actually works by taking the payment from each debt and adding it to the next so that you can pay off the debt sooner (unless I misunderstood you). Put another way: if you have 3 cards and each has a $10 monthly payment, you pay off the first card then add that $10 to the second and pay $20, pay it off and add that $20 to the third card and pay $30 until the debt is gone.
@ReachingAMillion 10 күн бұрын
On my own journey to become a millionaire, hopefully within the next 5-10 years. Starting from $0 ... WE CAN ALL DO IT
@spillthetea3 Ай бұрын
That's smart, putting the financial goals before the wants.
@haileyreign971 Ай бұрын
The overflow on the credit card debt was accurate 😂😂😂
@itsrosehan Ай бұрын
😆
@erikaharris7499 13 күн бұрын
I chuckled with that too!! 😅🤭🤭🤭
@nw1317 Ай бұрын
I love the water jug metaphor, its a good way to visibly show a budget being used up
@dlyroadrunner Ай бұрын
almost 10 yrs in the air force, and i spend as if i'm still making the same pay check as an E-1.
@ernaleslie3848 25 күн бұрын
Love this! A visual and understandable approach to saving and investing. Rose, I think your videos should be shown in middle school, high schools and colleges.
@sokkimly8182 Ай бұрын
Thanks for sharing I agree the point you brought on Save for emergency funds or pay off debt. A lot of people would save for emergency funds, instead of paying off debt.
@BryanL5913 Ай бұрын
Thank you Rose you are helping people grow and making a impact on the world with your videos keep making them please..... Much love coming from Texas.....
@jordankendall86 Ай бұрын
"Making the changes that you usually don't like to make!" was the best quote. I am tired of hearing people complain about finances and yet not willing to make the necessary changes to live below (not within) your means. My only disagreement on the order of filling the cups is that I believe if you have a 401k match, then you should prioritize matching this 100% first before any living expense because most people will adjust their living standards down when they receive a lower paycheck.
@muyiwaoyewale8439 Ай бұрын
Totally love this Rose!!!
@lilyslight2515 Ай бұрын
I love the waterfall visual :) thank you for your help friend
@danielbyler2086 Ай бұрын
Thank you, Rose we love you
@vn9393 Ай бұрын
401k, mortgage,utilities,stock,saving,cd,529b,all credit card.
@jefferymccauley9548 Ай бұрын
Hi Rose, Excellent video with both your wealth of financial knowledge, combined with the visual presentation with the shot glasses! Jeff
@demetriusfields59 Ай бұрын
Great insight! Thanks for sharing!
@worldfoodonedish Ай бұрын
Great info as always Rose. Thank you for sharing. You sharing your knowledge and experience is invaluable to everyone willing to listen. Ì wish I knew then, what I know know. So thank you so much
@HamsikDouglas Күн бұрын
*I didn't become financially independent until I was in my late 40's, and I'm still in my 40's. In addition to having purchased my second home and earning money on a monthly basis through passive income, I've also achieved three out of five goals. I just hope this inspires someone to realize that it doesn't matter if you don't have any of these things yet, you can start today no matter your age. Change your future by investing! I made a rather big decision by investing in the financial market.*
@anjusangle619 21 сағат бұрын
I'm interested to know what kind of investments you chose?
@punisher6659 Ай бұрын
Thanks for your content.
@eliermaxwell5910 Ай бұрын
good job rose your hair looks great
@thomassanfrancisco5850 29 күн бұрын
Complete, concise, and crystal clear.
@TennisTD 27 күн бұрын
This is great. Simple but profound
@layroca9996 Ай бұрын
Rose, thank you so much for your transparency and mentality on how to manage money, it has helped me a ton!!
@patrickmorton1187 Ай бұрын
This was informative and fun to watch, I like the demonstration you presented. I think this will help many people with their finances, thank you 🎉.
@gnd333 Ай бұрын
I love visual examples, thank you!!
@elzaocean Ай бұрын
Amazing video, thank you ❤
@dilipanand1676 Ай бұрын
Great tips. Thanks 😊
@LiseLotus 29 күн бұрын
Compound interest! Sounds like a stock funnel!! I’m grateful. Thank you love! ❤
@hermanlighthall3972 Ай бұрын
Hi Rose, great content. Like you I suggest paying off your debts asap, so we can a little more breathing room to save, invest and have a little more fun. By the way how did someone so young become so wise?
@awhyee 16 күн бұрын
So true! I started doing this in getting the habit of paying myself first and that really helps!
@Madchris8828 Ай бұрын
Great explanation for an HSA. Seems a lot of folks never talk about them either
@user-wr6sv9pj1l 26 күн бұрын
I wish I started to take my finances more seriously sooner. I just started seriously saving/investing/paying off debt in the last 6 months or so and just paid off my car completely. I opened a new credit card for the 0% APR on balance transfers and am taking care of CC debt next, and hope to have that wiped out in the next 3 months. After that I have the student loan mountain to climb but it'll be so much easier with the money that would have been going to car payments and CC payments available.
@nancydeleon2124 Ай бұрын
Excellent information.
@tz55lj Ай бұрын
The visual and explanation of the glasses filling, and when full, moving to the next glass is clever and I am sure helped visual/analogy learners.
@Shakashack2022 22 күн бұрын
I honestly thought she was going to chug down each shot glass after each step achieved. 😂
@jamesblock8741 Ай бұрын
OOOPPS! best part of video/life!
@tony5enna821 Ай бұрын
Je suis français, Im 40 And j'aurais aimé tombé sur une vidéo comme la tienne plus tôt dans ma vie. Thank for the share
@casey4038 Ай бұрын
Love the hair❤. Love the info❤
@drayergamz1342 Ай бұрын
First and i love your advices...❤
@Bitcoin_Gold Ай бұрын
congrats using youtube for first time. lol
@drayergamz1342 Ай бұрын
@@Bitcoin_Gold thanks!
@geniusben4503 Ай бұрын
Very informative and educative content ❤
@MrCem1016 28 күн бұрын
RE: HSA contributions catch up amount is $5,150 for individual & at age 65 can also w/draw for supplemental income but would be taxed.
@coachcarenfern Ай бұрын
I can’t I wasn’t subscribed before 😂 as I love 💕 your channel Good stuff as always 🥳
@toluwanimionYT 9 күн бұрын
I love this video... thank you for making it
@commonsenseisntcommon1776 Ай бұрын
Good morning Rose!! Love your videos. You are smart and beautiful!! What a package!! Keep up the great work! 😍
@kionnataylor2013 17 күн бұрын
Love this video, thank you
@naturallynae2378 6 күн бұрын
Your content is everything!!! Keep it coming nothing like a good binge watch.. always so motivating and lets me know I’m never late and right on time😊
@PoeticComments 17 күн бұрын
This video is great!!
@rjtavon5089 10 күн бұрын
Hi Ms. Han, I love how you broke everything down, and you made it so simple that a child can follow these steps. I am going follow this plan on my next paycheck. Thank you so much for sharing this information and your personal experience with handling money. Have a great day. Warm Regards, Rj
@kirklugg82 25 күн бұрын
Thanks so much for sharing this useful information ,I find it very helpful. It's nice that this information is coming from you, because you use the same method To become financially independent We need more people like you. Thanks again.
@BeingHomeNow 29 күн бұрын
Thank you Rose
@oliviab3807 25 күн бұрын
So helpful ❤
@rudygoofysrh 29 күн бұрын
Great job 👏
@siilver1 24 күн бұрын
Rose Han is definitely MY BIGGEST AND THE LUCKIEST DISCOVERY OF 2024 🍀🌈 It is with YOU that I started my financial learnings! Although I knew You exists there from around 2023 because of my constant KZfaq recommendations it was not until this year that I actually started watching you! . Also it was a great video thank you ♥️ . . . 14th may 2024 at 7:39 p.m. Tuesday
@nataliaperry4123 11 күн бұрын
Thanks for sharing!
@herodailylife..3993 Ай бұрын
thank you
@CryptoFrost897 24 күн бұрын
Valuable information 👌
@annea.1765 19 күн бұрын
This is sooooo helpful!!! Thank you so much for making it easy to understand. I wish I watched this much earlier lol 🙏🏼🙏🏼🙏🏼
@itsrosehan 18 күн бұрын
Glad it was helpful!
@EllieR52 Ай бұрын
Should I max 401k yearly contribution or invest in taxable brokerage first?
@minettesmith4240 16 күн бұрын
Great video thank you
@lovechildwallflower2289. 2 күн бұрын
Thank you for the steps really helpful
@johnnyb1329 27 күн бұрын
I like this idea. I was doing the 50-30-20 rule.
@tasha6734 12 күн бұрын
Great tips!
@emmamunday8563 15 күн бұрын
Really helpful thank you
@gabrielaquinones9527 8 күн бұрын
Thank you ❤
@missrd395 Ай бұрын
Thanks there are a few things I can take way as a Europian😊 some of the stuff dont apply.
@siilver1 24 күн бұрын
I am slowly moving from learning about the money mindset to learning how to actually gather wealth. And this is my first step towards it. So I am listening to this as I am taking an evening walk.🍀 . . 14th may 2024 at 7:14 p.m. Tuesday
@siilver1 24 күн бұрын
Given before getting into money and growing wealth, the only thing that I already KNEW and figured out by myself was the fact that *I must invest in myself!* And to LEARN high income skills!!
@siilver1 24 күн бұрын
So hearing people like you who have made it say that you have invested thousands of dollars in yourself is such a VALIDATING AND REASSURNING THING TO HEAR!
@l.a.3251 18 күн бұрын
Excellent!
@reallll2778 Ай бұрын
I watched one of your old videos and what economist book shows each countries stock indexes.
@aliciaburbank9962 Ай бұрын
This was one of my favorites! My story. Im 58 and my husband passed away 7 months ago. Unfortunately, we were not prepared. He paid into a pension but at the time of his passing, he was 55, not the required 60, and was vested 21 yrs and not the required 25. I'm only eligible for his rollover contribution refund. I also have a little extra. Can you explain the difference between a Roth and regular ira? Also. Should I place the refund and the little extra in 2 separate ira's or one? Or put them in a high yield savings account? Id love your opinion. Thanks
@itsrosehan Ай бұрын
Sorry to hear about your husband :( You might find this free guide helpful for deciding which accounts to open and difference between regular/roth IRA: rosehan.com/ultimateguide As for what to do with the extra funds, I say follow the 8 places that I talk about in the video! Also keep in mind that an IRA is just an account, not an investment, so once you put money in there don’t forget to take the final step to actually INVEST that money. I have a good video on that here: How to Start Investing for Beginners (step-by-step) kzfaq.info/get/bejne/mdSaoa2K15OclJ8.html
@potentialperspectives Ай бұрын
rose it feels like your content has shifted from living & loving a full life (incl. van life) to money money money. Money is indeed important - but what about the other things that make life meaningful?
@itsrosehan Ай бұрын
Good point... the KZfaq algorithm doesn't love my vanlife content but seems like you guys miss it?! I'll think about how to incorporate a balance :)
@EllieR52 Ай бұрын
Except this is the content she’s known for and many still want to see this….
@TanyaCardwell Ай бұрын
Conversely, I was worried when you said during your van life stage that you might shift away from financial guidance... Thank you for not abandoning the financial guidance.
@Shakashack2022 22 күн бұрын
True, AND we still need help with finances (esp our US gov! 🙄). Life balance can come from a wide mix of awesome KZfaqrs sharing different skills & meaningful messages.
@kimwieczorek1879 Ай бұрын
Pay down/off your MORTGAGE! We all will get old/sick/tired. You don't want to be left with a mortgage/bill/IOU when you're older/sick or laid off....
@richsamuel2922 Ай бұрын
Paid my junk off last month.
@nikosniko7092 Ай бұрын
Still have expensive property taxes( never ends
@richsamuel2922 Ай бұрын
@@nikosniko7092 Taxes, insurance and HOA are about $500 a month for me still the best deal in town.
@FunandBudget Ай бұрын
@@nikosniko7092property taxes is cheaper than having to pay on a loan. Inflating rent is also expensive
@tho464 Ай бұрын
Paid off my house last year at age 54. Great feeling not having that over my head.
@gitjeg3655 Ай бұрын
Very nice! Thank you for sharing this information. I may need to see whether or not this works for me too, since I'm not in the USA. For now I'm actually putting aside 15% after taxes to invest and 10% to my savings. I'm currently also finding a means to increase the cashflow, so that I can get rid of my studentloan debt asap. Is it possible for foreigners to open RIA there?
@Kklkoko 18 күн бұрын
Can you please put chapters on each video? That would be very convenient. Thanks.
@Ionic_Projection 29 күн бұрын
Thanks for the wisdom in the financial learnings, but imagine if we all just simply got taxed less in the first place how that would profoundly effect the economy in itself.
@paulfarr7 Ай бұрын
Yeah, I set up savings accounts with a different bank to my main, so I can't see the amount in my balances. Once the money leaves my account, the day after pay day (set up automated), to me it's effectively spent. So I can't waste it.
@itsrosehan Ай бұрын
Niceee, that’s the way to do it!!
@livelife2507 21 күн бұрын
What is a good high yield savings account
@imrana3618 28 күн бұрын
Rose you are georgeous
@chillgick8894 Ай бұрын
Instead of putting emergency money in a high interest rate savings account. Putting it in a no-penalty CD account. Has to be in $500 increments and you can't touch it for the first seven days, but the rate is much higher.
@Shakashack2022 22 күн бұрын
I think she recommends emergency fund $ in a high-yield savings account bcuz when we have an unexpected emergency, we have quick access to the monies, versus being penalized from withdrawing too early from a CD. Having an additional CD / MM account is a smart investment though.
@msliltrinity 9 күн бұрын
@itsrosehan Finance and hair goals! 🙌🏽 Loving geeking out on your tried and true tips. Thank you!
@darianthomas849 23 күн бұрын
What company is good to rath to open with
@SLLLC-904 23 күн бұрын
Every day seems like an Emergency!!! Bills high, Insurance super high, and Income low!!! Doesn’t add up!!!
@kingnasirthesecond Ай бұрын
correction about roth ira. u can only withdraw what u contribute. for example if i contribute $1000 into a roth, i can only withdraw $1000 at any time. any profit u make on that $1000 that u withdraw before 59 1/2 years old will be taxed and penalized
@elianazapata8893 Ай бұрын
She says so later in the video.
@glamrgirl33 Ай бұрын
Wow, thanks for pointing this out. I’ve heard a lot about IRAs but no one has ever explained it like this. I thought the penalty would apply to any amount withdrawn.
@khalia-janellherbin6426 10 күн бұрын
I been trying to do this for some time now, i have two pots right now one for saving to buy a house and one for emergency, but want to take from, i guess it would be my emergency savings and start an index fund so i can have some investments, on unemployed right now but hoping when i get another job i can start a Roth Ira
@liverpoolrichie5305 Ай бұрын
Hey Rose! Love all your content and advise but here's a question: Regarding the Emergency Fund......Should this be broken down with cash on hand? (like $1000 cash in your home safe) and of course a dollar amount based on X amount of your monthly expenses? Let me know your thoughts...Thank you!
@itsrosehan Ай бұрын
I say at least 3 months of the most basic version of your monthly expenses for your emergency fund! Also, I hadn't thought about that but you're right it could be good to have a small portion of that as physical cash in your home safe... always good to have a bit of cash on hand!
@whisperthunder1976 24 күн бұрын
So for the $5000 example, would the $2500 go towards CC debt if you had it?
@kasrox3021 Ай бұрын
In your example of a $5,000 paycheck, why not put more towards maxing out your retirement 401k instead of personal investment?
@sherineill6630 25 күн бұрын
It’s impossible to keep needs under 50% Most people have to work 2 jobs to survive
@gregorybrown9144 21 күн бұрын
I need ideas on high yield savings account
@Naeyola Ай бұрын
I currently have 8000 in my fidelity, i wanna invest it into something to make more money but i dont know what, what is a good stock
@billiondollarbella 14 сағат бұрын
Yess! Agreed
@mickeyangles18 25 күн бұрын
I am debt of 50k should I try to pay that off first even though trying to save to get a car then save to get another home ?
@teielallen4685 13 күн бұрын
I don’t understand. Am I supposed to do the emergency fund and then credit card debt and when all that’s done I do Roth??
@williamsimpson2791 29 күн бұрын
One of the HSA eligibility requirements is that you need to have a high deductible health insurance plan.
@vicentedomingo4068 27 күн бұрын
Excellent video. Would you explain how the solo 401k work. Please. Thanks❤
@Shakashack2022 22 күн бұрын
🙋🏼♀️Yes same, please explain. I’ve not heard of a solo 401K.
@kamirahidecker 23 күн бұрын
This provided so much insight, however, I'm left with one question: How do I go about saving for large wants like a new ipad pro or vinyl wrap for my car ?
@itsrosehan 23 күн бұрын
That would go in the last bucket #8 Wants! Of course it's your choice how much you want to prioritize that over any of the previous buckets, but definitely at least have buckets #1-3 (needs, emergency fund, credit card debt) taken care of before allocating money to big discretionary purchases like that!
Big Think
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