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@christopherhobb77022 жыл бұрын
I'm new to investing How do I get started with a professional?
@wynn2812ify2 жыл бұрын
How do we go about these things if your a contract worker
@CaptainBean262 жыл бұрын
Illustration ouuu uiilli
@ahmsddefealla31692 жыл бұрын
Great video has a value knowledge. Running towards financial freedom.
@MS-hn1ik Жыл бұрын
Well, this video has some good tipps in it. But there's also alot of stupid advise in here. Especially when it comes to the worth of money. There are so much more valuable things in life than money, i hope that you will understand that one day. The point with the emergency fund is a good point. But nobody should have stress because of finances. That's a different issue. The problem is not the finances in that case, it's how dependend you made yourself of them. They are just a tool. But anybody can live without them too. It's not necessary for living, even though you did say it would be, but it's not. I know people who live very happy without ANY money. Happiness NEVER comes from or through money. Find the truth man. Jesus is the way, the truth and the life. Hope you'll find that helpfull and i hope it sets you FREE. Since it's not free to think you would need to have money. But it's free to know and to understand that you could also go without any money and still live happy. : ) Cause GOD is the one who provides you with all you need. That's the truth. So why don't you talk about investing a bit of your income into the church of jesus?
@johnlennon2325 ай бұрын
if the idea is to build an income stream to use as complement for retirement, or at any given point if needed, then building a dividend growth portfolio always buying adding to it could be a good and peaceful path. On the long run consistency and perseverance could guaranty the desired income stream goal with little worries
@alexyoung31265 ай бұрын
the idea is to Look for stocks that have paid steady, increasing dividends for years (or decades), and have not cut their dividends even during recessions.
@williamyejun85085 ай бұрын
Well said, with the help of the an investment advi-sor, I diversified my 62K portfolio across many markets and in a matter of months, I was able to produce over 356K in net profit from high dividend yield equities, bonds, and exchange-traded funds (ETFs).
@jessicamoore30935 ай бұрын
wow massive gains! my partner recently hinted on going same direction.. what did you invest in, and who is your investment advisr please, if you dont mind me asking? in dire need of asset allocation
@williamyejun85085 ай бұрын
Melissa Maureen Ward, advanced lady in her 40s and professional, reserach if you care for supervision.
@jessicamoore30935 ай бұрын
Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her resume.
@NickPeitsch5 жыл бұрын
It's really unfortunate this isn't taught in school. Thanks for being our teacher Nate!
@NateOBrien5 жыл бұрын
Thanks for watching!
@Eggsr2bcrushed5 жыл бұрын
It's really no accident. People in debt are far easier to control.
@theleakytap45915 жыл бұрын
Take economics and accounting?
@tysaylor84695 жыл бұрын
I had to take a personal finance course in high school in order to graduate. It was a requirement for all students. Still is by my understanding.
@onlyrog55 жыл бұрын
It's actually common information
@samuelterkperahuno52944 жыл бұрын
1. Retirement account 401k/403b account, ~15% 2. Checking account 3. Necessities; food, shelter, transportation, healthcare, utilities 4. Emergency fund; ~$2,500 liquid and easily accessible, higher if you have a family 5. Debt payoff- snowball method or avalanche 6. Save 4-8 months of payroll; options- online savings or money market 7. Investments; example real estate, bonds, stock market
@konikakaiser20482 жыл бұрын
Thanks for saving our time 😊
@Yugiboii2 жыл бұрын
@@konikakaiser2048 yup, but Nate is great at explaining things I’d recommend to watch anyways
@Christensen5548 ай бұрын
At 42, 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.
@Christensen5548 ай бұрын
For me, as someone who has lived through the 9-5, what comes to mind first is the safety of my funds, With the help of a pro financial advisor, W Jonas, I’ve gotten into stocks, splitting my funds in different assets that have brought me huge roi. I just reinvest and grow my portfolio.
@mendeleyborisov928 ай бұрын
I agree, and for that reason I prefer to have a financial consultant like Herman make my day-to-day investment decisions. Given that his entire skill set is based on going long and short at the same time as well as employing risk for the asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis he's got, it's nearly impossible to not out-perform. I've been using him as my financial consultant and the rate of accrual on my portfolio has been positive over the years.
@clairewinchestermurray87038 ай бұрын
How can I reach him, please? I've seen good recommendations of his work elsewhere. I need help with investing. I'm ready to pay for his services.
@mendeleyborisov928 ай бұрын
Hermanw jonas (a Gma!L Is he taking commissions for his services? Yes, I’m I still making money in the process? Hell yes!
@clairewinchestermurray87038 ай бұрын
I appreciate the feedback. I reached out to him via the mail you provided and we talked at length. I found him to be verified. I’m glad that I signed up and I've begun my journey with him. Thanks again.
@connor03234 жыл бұрын
I am currently 16 years old, your videos are going to save my ass
@judyjudyjudy95934 жыл бұрын
trained killer...you bet they will & DO what you are taught. Credit will destroy your life & you will never get anyplace if you try to do it with credit! NEED what you spend your money on!!!!!!! (possibly change your name...it's a horrible thought)
@hesh28924 жыл бұрын
dude, change your name and mindset. nate , his papa or his grandpappy will not be able to save your ass if you in jail for 30 years.
@angiet21904 жыл бұрын
Wow! Wish all teenagers would watch and learn. This stuff is not taught in school.
@weekendnacho4 жыл бұрын
when you are 16 and watching this kind of videos you are doing a lot of things right!
@nicolaos3553 жыл бұрын
Youre so lucky that in current times its so easy to found that type of knowledge. I feel bad that in my school times, there wasnt anything that will teach us anything about finance.
@gailhawkins85114 жыл бұрын
I taught my children how to manage money. (savings, retirement plan, the difference between a want and a need, etc) My teachings have paid off and I am so glad I took that time with them:-)
@judyjudyjudy95934 жыл бұрын
Gail Hawkins....so wise of you. You did the best thing ever for your children!!!!! Algebra, trig....just how many of us EVER use that? Every day living survival....NO ONE teaches that, the very basic of what we ALL NEED! Your comment puts a smile in my heart!!!!
@abbiesianlouise4 жыл бұрын
Please teach me!! Lol
@seyyros20074 жыл бұрын
Can you teach me? 😭
@jerrseyy10883 жыл бұрын
You are AMAZING! Most adults don’t have this knowledge to pass onto their kids. Glad you paid it forward.
@investoreddyy3 жыл бұрын
I wish my dad taught me that! He just told me to figure it out and I’m in mid 20s learning everything so late 😭
@Calebjunioir2 жыл бұрын
THE WORLD IS CHANGING AND EVERYONE SEEMS TO BE LOOKING FOR WAYS TO EVOLVE, YOU NEED TO START NOW
@Jefflands5562 жыл бұрын
--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------Thanks for this great and educative video. I had been living under average finncial incme until i came across VCORPINVEST Life have been better afterwards, this is the key to the future , im glad i started too
@Jefflands5562 жыл бұрын
--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------Thanks for this great and educative video. I had been living under average finncial incme until i came across VCORPINVEST Life have been better afterwards, this is the key to the future , im glad i started too
@Rose-re9hd2 жыл бұрын
Book me too
@Rose-re9hd2 жыл бұрын
Book me too
@santi95324 жыл бұрын
I’m telling you, having that 4-8 month payroll is worth everything in gold! I lost my job and had started searching for new ones that fit my needs. Took about 2 months. My payroll fund had me covered no problem. Not having to worry AT ALL about how you’ll pay your bills is a god send and I recommend EVERYONE do this as well. Looking for a new job almost felt like a short vacation haha I was able to take my time finding the right job for me rather than taking what was available to start paying the bills. Thank you for sharing this information, a lot of people could use it myself included.
@faragozsuzsanna78914 жыл бұрын
Good job on that! I hope you are still enjoying your job you chose :)
@ivanjaman55253 жыл бұрын
Hey just saw your comment...idk are you willing to answer but how did you create that 4-8 months payroll? What percentage of your paycheck did you put in online savings? Did you put that percentage of every paycheck or just once? I'm an 18-year-old and trying to figure out money management, your help will be much appreciated. Thanks
@santi95323 жыл бұрын
@@ivanjaman5525 every case is by individual circumstance such as I was a truck driver so I was able to save on rent and most bills one would have to pay being local such as having a car/insurance so I didn’t have many expenses. I was able to save majority of my paychecks. What I would recommend is write down a list of all your spending. From bills, to food, to entertainment etc. Once you have that down, come up with a goal. What is the amount of money you would like saved by year’s end? And if not a money goal, just save a percentage of your paycheck you feel most comfortable saving. So lets say 10% for example. After you reach your total for monthly expenses, take out 10% of the remainder and throw that in your savings and the rest will be spending money or you can save that too if you don’t want to spend it. You might want to start off your savings percentage a little higher to also build your safety cushion such as if you want to have $2,000 as a safety net. Once you hit your cushion goal, decrease the amount for your overall saving goals. Also, if your company offers 401k i recommend investing into that at the highest percentage they allow you too which is usually between 1-5% of your pay. It might seem annoying or a lot of money to save at the beginning but once your have that initial start, the snowball effect is insane. Before you realize it youll have so much money saved along with your safety cushion for emergencies like i spoke on. You’ll 100% breathe easier and that in itself self is priceless. Im happy to hear a 18 year old is trying to better invest their money, I wish I was that smart at your age. Keep at it brother, you’ll definitely be in a better place! Also, don’t put yourself down if you spent a little more than you wanted or didnt save enough that one month! That’s totally okay man, no one is perfect! As long as you hop back on the saddle and keep striving towards your goals is all that matters! Best of luck!
@ivanjaman55253 жыл бұрын
@@santi9532 thank you for your answer! best wishes
@Gh..o..s..t3 жыл бұрын
Yes I agree I hear 6 month of living expenses but I'm in favor of a 6 month to 1 year of pay checks saved up. Not been easy for me late started . But paying myself first is helping the most
@RodasYonass5 жыл бұрын
Emergency fund is so important! Most people get in debt because they don’t have an emergency fund and are forced to take a loan out to cover an emergency expense.
@NateOBrien5 жыл бұрын
Right on! Creating that buffer can help alleviate some financial stress
@jamie498685 жыл бұрын
Most people don't put in the effort to build an emergency fund. The amount of people I see at the tavern, drinking and smoking (both brands), yet bitching about how broke they are, amazes me.
@MsLee-oh7hy5 жыл бұрын
Simple Finance so true an emergency fund is important! After watching Dave Ramsey’s videos I decided to start a goal to establish a 1,000$ emergency fund. I thought it would take 3 months to establish. It should only take 2 months to establish.
@cj_39285 жыл бұрын
alot of credit card debt
@MsLee-oh7hy5 жыл бұрын
Stylish America is still a newly founded country in comparison to German and many older countries. I strongly feel that the US is much more capitalistic than other countries.
@MarcusFred-wn3iv11 ай бұрын
I admire the financial independence of people, But you can live better if you work a little more. After watching this I think there are people out there, on the extreme, who plan to die early just to be able to retire early. To each their own but to me, retirement isn't just about not having to work, it's about having the freedom to do whatever you might reasonably want, such as travel, buying things, enjoying life, etc. I don't think I could retire with less than $3m in income-generating investments, maybe $2m at the very minimum. I plan to work until I'm at least 45
@MarcelPhilips11 ай бұрын
Nobody knows anything, you need to create your own process, manage risk and stick to the plan, through thick or thin while also continuously learning from mistakes and improving
@MarcusFred-wn3iv11 ай бұрын
@@MarcelPhilips Having an investment adviser is the best way to go about the market right now, especially for near-retirees, I've been in touch with a coach for a while now mostly cause I lack the depth knowledge and mental fortitude to deal with these recurring market conditions, I netted over $220K during this dip, that made it clear there's more to the market that we avg joes don't know
@MarcelPhilips11 ай бұрын
@@MarcusFred-wn3iv Who’s the person guiding you
@MarcusFred-wn3iv11 ай бұрын
@@MarcelPhilips credits to KRISTIN GAIL CUNNINGHAM, one of the best portfolio managers out there. she's well known, you should look her up
@MarcelPhilips11 ай бұрын
@@MarcusFred-wn3iv Thank you, I just checked her out and I have sent her an email. I hope she gets back to me soon.
@normandea5 жыл бұрын
As a retired teacher, I can honestly say that this and other life skills isn't taught in our schools, which is unfortunate. This is good info for everyone. Thanks for doing this.
@NateOBrien5 жыл бұрын
Thanks Norman, my school did not offer personal finance classes. I hope that one day schools will require personal finance class as they do with other subjects
@mediterraneanworld4 жыл бұрын
Don't people have parents in America?
@alexsierra1114 жыл бұрын
@@mediterraneanworld it's frowned upon to talk finance here in the states!
@Michelle-pn9xt4 жыл бұрын
are not or aren't taught in our schools..........(not isn't)
@deirdrekiely61874 жыл бұрын
@@mediterraneanworld - Parents in America are not strict.
@alexyoung3126 Жыл бұрын
With all this scary news making the headlines, is this really a good time to buy stocks? I know everyone says the mrkt is ripe enough for buying but will stocks tank further this year? How long until a full stock recovery? How are other people in this mrkt raking in over $250k gains within months, I'm really just confused at this point.
@kimyoung8414 Жыл бұрын
It all depends on how long you're willing to hold for, stocks might likely tank further, but making serious gains in this downtrend wouldn't be a problem if you're a pro
@erichkraetz2622 Жыл бұрын
@@kimyoung8414 It all depends on how long you're willing to hold for, stocks might likely tank further, but making serious gains in this downtrend wouldn't be a problem if you're a pro
@joesphcu8975 Жыл бұрын
@@erichkraetz2622 I got into a bit of dilemma myself due to this chaotic mrkt, wasn't sure if to sell or just wait a little longer, 75% of my portfolo was tanking and in the red, but I began gaiinng clarity and have more confidence in my invt. through an lnvt-advlser, I know most DlY-lnvestor like me would say advlsors aren't essential, but come to think of it, they're better trained and equipped at this and if I have to give just a little amountin fees for me to be able to net $650K in less than 8months like I did this year, I truely don't mind.
@lawerencemiller9720 Жыл бұрын
@@joesphcu8975 Omg you made 650k this year? Who is this coach that guides you?
@joesphcu8975 Жыл бұрын
@@lawerencemiller9720 Ingrid Cecilia Raad is the coach that guides, you probably might've come across her before, she's quite known in her field, search her
@Blitcliffe Жыл бұрын
The idea of investing a significant sum of money may be both thrilling and intimidating. There is potential for considerable wealth increase with the correct strategy. How can one take advantage of compound interest and potentially grow your retirement savings/net-worth to about $3M over time?
@user-3456rtu Жыл бұрын
A solid strategy can be a key component of an investor’s portfolio. Well, the bigger the risk, the bigger the reward and such impeccable decisions are better guided by professionals.
@yfar567 Жыл бұрын
Yes true,< I have been in touch with a financial advisor. With an initial starting reserve of $80k, my advisor chooses the entry and exit commands for my portfolio, which has grown to approximately $550k.>
@MiikeFaber Жыл бұрын
I’ve been looking to switch to an advisor for a while now. Any help pointing me to who your advisor is?
@yfar567 Жыл бұрын
There are a lot of independent advisors you might look into. But i work with Nicole Desiree Simon , and she is excellent. You could proceed with her if she satisfies your discretion. I endorse her
@MiikeFaber Жыл бұрын
I just checked her up online, and I must admit that she has an extremely outstanding experience in investment. Thanks for sharing. I'm going to send her an email right away
@dylanf.a7364 жыл бұрын
Nate I started watching your videos 3 months ago and I had 45 dollars and my checking account applying some this advices i opened couple savings accounts and I have 5k dollars and my finances under control. now I getting ready to start investing in market stock .... nate thank you your doing a great job
@roseroseroserose69584 жыл бұрын
Wonderful.
@idayuribe38004 жыл бұрын
@@roseroseroserose6958 wow
@elsie32554 жыл бұрын
Good for you, Dylan. It's called learning. Which schools and parents are not teaching nowadays. So, you have to get it digitally.
@JasonSmith7094 жыл бұрын
Make sure to do plenty of research before you invest in the stock market. It's easy to lose it if you don't know what your doing.
@judyjudyjudy95934 жыл бұрын
dylan F.A. Wonderful!!!! I did it all wrong & it took me forever to learn to "live within my means". Your life gets better & better as the years go by IF you do learn to live within your means. Our means is not always very good when we start out in life, but it gets better & better as the years go by! Some things he MAY be a little off on, but....he has good advice & IF you listen, you will do well! You make my heart smile to hear your comment! smiles!!!!!!!!!!!!!!!!!!!
@mikemoore64095 жыл бұрын
Always pay yourself first! So important to financial wealth.
@SupremeLogo5 жыл бұрын
Yes sir!
@ToquzOghuzKhaganatekhan4 жыл бұрын
Dont pay for chicks , if they want to suck your money just dump them
@brewcrew12244 жыл бұрын
If you dont have debt then yes but if u do u definitely need to pay that off before paying yourself
@mk250414 жыл бұрын
First rule of Kiyosaki!
@Laoxremix4 жыл бұрын
Old Skool UK Garage he said chicks. paying for your girlfriend is obviously going to be different. especially if she truly loves you and you love her bc she ain’t sucking your money and using you like some other girls would. ya feel
@vince.r4 жыл бұрын
Been paying off credit card debt. Credit score went up 78 pts due to credit utilization. Savings account getting healthier. Started 401k. Thanks Nate! I feel in control now
@canceraxe14475 жыл бұрын
I was able to pay bills using side hustle income and saved all my main job income! Wonderful
@NateOBrien5 жыл бұрын
Love it!
@jessicagray12894 жыл бұрын
Leena Kaur You can do Uber eats deliver and Lyfe and Uber if you have a car and also Amazon Flex these extra income on the side
@roberthardy51714 жыл бұрын
Wonderful! For you!
@olegp36714 жыл бұрын
Same, it’s so great having that flexibility
@judyjudyjudy95934 жыл бұрын
Saiga Legacy....OMG what a good idea (if a person can work two jobs). If I could just start over knowing what I know now!!!!! You are wise!!!! I have been going down reading peoples replies & so many are getting the point of what he is saying. With years of bad experience my word is....live within your means & your means get better as time goes by! If you choose debt (credit cards) you will never have anything but debt!!!! Hopeless, endless debt!!!! I was old before I figured this out! If it takes borrowing & credit cards to "get by", then you are living above your means! You are just so intelligent to choose the financial path you have!!!!!! You make me happy to read your idea!!!!!!
@Dhukino5 жыл бұрын
Probably biggest takeaway from this video: 16:30 you have to run yourself like a business. I think once people understand that they are their own life manager they might consider not spending their money on the newest iPhone every single year.
@NateOBrien5 жыл бұрын
So true
@dianvandevyver57294 жыл бұрын
I'm my life manager. I have my phone since October 2017, it's a Samsung J3 📱😁😁. the price was 199€ and I hope that I will be able to use it untill 3 more years
@cocodakilla4 жыл бұрын
I won't ever upgrade like that again.
@helenhyde74894 жыл бұрын
I have my iPhone 6 since 2015. My 75 yr old mom is doing better than me. She has an iPhone X.
@judyjudyjudy95934 жыл бұрын
Dhukino...learn to live within your means & your means get better as time goes by IF you stay out of debt. So wonderful that so many people are getting what they should out of his video...so many people are so busy "putting him down" they miss the point! Bravo!!!!!!!!!!!!!!!!!!!
@c.t.u.o Жыл бұрын
The right investment can get you ahead in no time! Insightful video. I just want to know best how people split their pay, how much of it goes into savings, spendings or investments. I'm 27, and earn nothing less $150k per year, but nothing to show for it yet.
@sherryie2 Жыл бұрын
When people have money, they spend it. And some people spend more money when they have more of it. If you want to improve your financial management, you should consult with a financial advisor.
@user-3456rtu Жыл бұрын
@@sherryie2 A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for license advisors and came across someone of due diligence, helped a lot to grow my reserve notwithstanding inflation, from $275k to approx. $850k so far.
@MiikeFaber Жыл бұрын
@@user-3456rtu Nice, who is the Financial Advisor aiding you if this is not much i'm asking? my retirement plans are going down the drain with my 401k particularly losing everything it gained ever since 2021.
@user-3456rtu Жыл бұрын
@@MiikeFaber My Financial Advisor is NICOLE DESIREE SIMON. I found her on a CNBC interview where she was featured and reached out to her afterwards.
@MiikeFaber Жыл бұрын
@@user-3456rtu She appears to be a true authority in her profession. I looked her up online and found her website, which I browsed and went through to learn more about her credentials, academic background, and career. She owes me a fiduciary duty to act in my best interests. I set up an appointment to use her services.
@ladybird4913 жыл бұрын
I m in hospital and decided when I get out, I am purging my entire life, living as a full blown minimalist, and following all your instructions, and having my own business
@braxtonclaflin18184 жыл бұрын
I feel like the root problem of poverty is caused by our public school system. Not even teaching students the basic things like how to make a budget..
@mandie14563 жыл бұрын
Budgets are fine, but those aren't really the answer. The real problem is that people are so obsessed with consumerism. People need to stop buying things on a whim. Shopping sales, eating out, buying starbucks, etc.
@adorezee22223 жыл бұрын
@Malishma Loi That would be great except for the fact that most families in America are in debt and also don’t know how to manage money. So teaching their kids what they know would only hurt more.
@haute033 жыл бұрын
That's one of the causes, but it's not the root cause.
@jesusnameaboveallnames73693 жыл бұрын
05/25/2021 @@mandie1456 Amen to that!! SOOO much of a family's spending is needlessly spent on pizza or some other fast food venue. That's just the beginning of unwise spending.😒
@Noah-tq7bi5 жыл бұрын
Keep teaching the youth man, this is great. I’m taking good value from every single video. Saving is hugeeee. Wish everyone a blessed week ! Work hard
@NickPeitsch5 жыл бұрын
Agreed Noah! I'm all about learning on KZfaq and gathering all this investing knowledge
@NateOBrien5 жыл бұрын
Thank you Noah!
@sarasplayz15315 жыл бұрын
@@NateOBrien from the bad habits I get to my savings 5 dollars and buying thing from their price 50% add to my savings and now I have huge savings
@quamiprecioussquad91083 жыл бұрын
You’re literally teaching me everything my parents didn’t have time to
@rachealowolabi43312 жыл бұрын
Your parent don't know it is not that they don't have time,remember we are not thought in school so please don't blame them.
@marianrahi73052 жыл бұрын
Proper investing and discipline is a very key. Discipline at every time is worth everything
@edm00003 жыл бұрын
Nate I was a retirement planner and I started when I was 20. You are the most focused guy your age that I have ever met in 42 years. You must have had some one in your life that guided you in the right direction. Your knowledge blows me away .
@kenlynch63325 жыл бұрын
In addition to being an important topic for all, the delivery had an extra bang with the 'flip chart'. Listening is not always hearing, especially in a rapid fire presentation; but Listening & Seeing has greater Impact (like two knocks to the head). Well done. $$$$$
@NateOBrien5 жыл бұрын
Thanks Ken! I figured the flip chart would help exemplify my points
@MmeHyraelle4 жыл бұрын
Visual aids are valuable teaching tools
@johnjohnny64803 жыл бұрын
If you need to slow it down to process the information, touch the three dots on the upper right corner; a drop down screen will appear, choose Playback Speed, .75 should do the trick.
@IT-284 жыл бұрын
13:11 yooo who's watching this in 2020 with the whole COVID-19 stuff happening?
@rcranch38384 жыл бұрын
Me! Crazy
@rcranch38384 жыл бұрын
Also very great content.
@BahamasMusicLasers4 жыл бұрын
Ikr
@Brooklynbaby474 жыл бұрын
Yup 💪🏻💪🏻
@michaelgibbons70144 жыл бұрын
10% unemployment? Those a rookie numbers son
@christophermiles80853 жыл бұрын
Nate obviously is a genius. The 6th tip is the ultimate to save money and make more income
@kenlevi60233 жыл бұрын
I strongly support you. I make as much as an income of $2k weekly from my investment
@andreamilan54713 жыл бұрын
Very true. Learning to save and creating passive income is a great way to boost your finances
@kmglasgo4 жыл бұрын
Important points for the debt repayment: You pay the minimum balance on all debts but extra money goes toward paying off the lowest balance or highest interest rate. Once that's paid off, you apply the amount you had been paying for that targeted debt to the next targeted debt. That's how things snowball/avalanche; as debts get paid off, the other debts can be paid off in larger amounts so things build up over time.
@Miv51miv514 жыл бұрын
The best way for me, to add to my emergency fund/savings, has been transferring whatever is left at the end of the month and in a sense "starting over" each month. Works very well.
@fluffhead9173 жыл бұрын
Great move.. I'm doing that, but putting some of the extra into a Roth too. Roth grows tax free forever, plus I grabbed a couple of Tesla shares a few months ago.
@user-im6ld5yr7r2 жыл бұрын
I just completed a bunch of financial classes this entire month and you explained everything in one video 😅👌🏽 amazing! You’ve got a new subscriber ❤️
@annetteveronica72932 жыл бұрын
Sorry for writing you, just out of curiosity your page come up on my suggested friend lists so I was just wondering if I knew you from somewhere??
@LaytonEstates4 жыл бұрын
Watching this during the corona virus and he totally called, "there are sometimes people lose their job" "things can get hard" Great video!
@davidcosma4 жыл бұрын
Nate is a rare gem for his age, especially when it comes to practical financial wisdom. I'm in my 60s and so glad I practiced fiscal responsibility from my youth up to the present. Don't just watch this video, put it into practice NOW.
@jamesfudge2075 жыл бұрын
These lessons should be taught early on especially for the younger generation.
@randyhos7673 Жыл бұрын
To all the young people out there I did everything right saved, only spent on needs then in 2011 my body broke down (was flat on bed for 2 yrs)...all funds came into use especially the emergency fund first now at 47 broke but getting by....you do not know what could happen in the future so be careful
@_Solmega Жыл бұрын
Wow, at 36 years old. Thank you for sharing the warning.
@thaminduKavinda Жыл бұрын
This is real world usable advices. Not like other time wasting videos on KZfaq this actually delivered.
@quay0075 жыл бұрын
The number one reason people are poor is because of this thing called "instant gratification". If they can delay gratification, they will be rich period.
@tracymacgregor46545 жыл бұрын
This is so true thanks for explaining it like that
@rhyspowell94264 жыл бұрын
Something g like a new phone or new TV that gets upgraded each year. If you don't buy the new gadget each year you can save loads
@palpatine264 жыл бұрын
Delayed gratification, financial literacy, basic investment strategy, and a healthy mental state
@viharsarok4 жыл бұрын
Skimping on "instant gratification" also defies the whole purpose of getting rich. People want to get rich so that they can instantly gratify themselves at any time they want. The hard part in becoming rich is that you have to sacrifice the very thing you ultimately want to achieve and for that reason it doesn't make much sense for most people.
@BankruptMonkey4 жыл бұрын
That's completely true for Middle Class people living paycheck to paycheck. That is not at all applicable for people who don't make enough money to even cover step 1 and buy enough food to survive and pay rent on a crummy studio with cockroaches in the bad part of town, which is true of many Americans.
@garylee14885 жыл бұрын
I'm glad I found your channel. You are sorta like Dave Ramsey without the patronizing and condescending overtones...
@fitbh7035 жыл бұрын
Bahaha true that
@sabrinefarjallah5 жыл бұрын
Haha It's those condescending overtones that to the trick for me.
@noonehere43323 жыл бұрын
Graham Stephan
@jennycarrier3 жыл бұрын
he is the dave ramsay..whit the twist of modern wold!
@jakethesnakelover2 жыл бұрын
I love how cold-cut and dry he explains his points. I don’t usually hear financial youtubers talk about death or homelessness.
@bnjmnwst3 жыл бұрын
One thing he didn't mention with the debt snowball is to, once you've eliminated that first debt, roll that payment amount over onto the next largest balance. Basically, pay as much as you can toward the smallest balance. Once that first balance is gone, you have that left over cash flow you can apply to the next highest balance.
@conniemontenegro28515 жыл бұрын
its fair to save money for interest but its not advisable you put a total 100% into savings. i will say you put your money to work, is always necessary to invest so as to multiply income.
@dominichawkins87775 жыл бұрын
that's true, i totally agree with you. investment is always necessary especially to the low-income persons
@alanbalinski56555 жыл бұрын
interesting... but what exactly can i lnvest in that will yieId me good profits. Perhaps 25% BiweekIy?
@conniemontenegro28515 жыл бұрын
@@alanbalinski5655 Stocks, Mutual funds, Options. and the Forex market. Forex can be a very good lnvestment compared to stocks. The advantage of a forex lnvestment is that the trader is using leverage. to potentiaI lnvestors Forex is a good way to make a nlce ROI most specially with the help of a professionaI portfoIio manager
@MBest-ty3zs5 жыл бұрын
i'm a profitabIe Forex Trader. I'm not a billionaire but I'm making stable profit every month. l started to learn Forex when I was 19 years old. And practice a lot opening BUY/SELL orders on demo accounts
@chrisrodriguez25745 жыл бұрын
Is this forex trading a good business
@francescavenasio61175 жыл бұрын
im19 and after watching some of your motivated to change my life around thanks so much and keep doing what your doing
@judyjudyjudy95934 жыл бұрын
Francesca Venasio...wise girl! At first maybe you won't be able to do ALL of his advice, but keep working at it...it will all fall into place. Live within your means, need what you buy, never use credit...NEVER!!
@MasterAcquisition3 жыл бұрын
Accountability check. Hows life 1 year later
@beckygeer64803 жыл бұрын
Can I ask you for an honest reply ? Is this training easier for you to accept from him, or would you have also been so receptive if your parents taught you these principles ?
@ashleye.carter10092 жыл бұрын
We work for years to have , $1million while some people I know put thousand of dollars in some meme coins and they are millionaires.
@rosscopeakco13 жыл бұрын
“Thinks can go south” - looking back this feels like an understatement
@chriswilson19685 жыл бұрын
I'm putting 10% into a Roth 401k, maxing out a Roth IRA, putting about another 6k into a regular brokerage account in other investments and the rest I'm just saving in cash hoping to eventually get a couple rental properties.
@mysterybuyer37385 жыл бұрын
No gold or silver? What will you do when the dollar collapses?
@user-cm4bj3xo9h5 жыл бұрын
So you're trying to get rich when you're old? Try get rich while you're young and can enjoy it more
@chriswilson19685 жыл бұрын
@@user-cm4bj3xo9h Considering a large number of people who get rich quick when they are young blow it all and end up broke lol The last thing I wanna worry about when I'm 80 is having enough money. I'll be a millionaire by 50 so it's not like I'll be that old lol I'll be able to enjoy it trust me.
@kieranwoolston91835 жыл бұрын
Chris Wilson if you’re rich enough at a young age you won’t spend it all. If you have the discipline to invest to make a lot when you’re at that age you will still have the discipline with greater amounts of money but you will be able to have more leisure time in general because of that money
@roberthardy51714 жыл бұрын
Good for you
@imma_cat4 жыл бұрын
I love these tips. I used the snowball method to pay off my car, personal loan, and iPhone this year! Each small thing I paid off, I put that exact amount into the next smallest debt payment. I only have my credit card and student loans left and I’ve built up my savings account slowly this year too. I love the advice about having the emergency fund in a checking account. Thanks Nate!
@BrassBangin2 жыл бұрын
1.5 minutes into this and I can already tell you're genuine and legitimate, subscribing
@itssricaa964 жыл бұрын
It’s super hard especially when your healthcare takes over your financial situation. Sometimes I feel like I’m drowning just in medical bills and of course stress makes your health even worst !
@GMary1292 жыл бұрын
I am 37 and I never learned how to manage my money properly. Thank you very much for these videos. You’re literally saving my life and improving the lives of my kids. I grew up in a very poor family and no one ever showed me how to save money. I don’t want my kids to go through the same thing.
@W1LS0N_D2 жыл бұрын
I’m 18, I’m going to graduate high school in a few months and this video actually really helped me understand what to do to build a plan for my life. Some day in the future I will come back to this video and comment a feedback how life went😆
@Twtgod Жыл бұрын
I am rooting for you.
@jamarallee2006 Жыл бұрын
How did it go ?
@abbywhiston84693 жыл бұрын
I'm currently 17 years old and will be moving across the country by myself for school in less than a year. Your videos are making me way more comfortable with that idea!!!
@anabellesabangan75655 жыл бұрын
Dont spend more than you can earn. Save much as you can everypayday. Pay your credit card in full so as not to pay any interest.
@ladybird4913 жыл бұрын
No saving means nothing if you are not doing to put into a good investment. You could die any day with all that saved money laying around. Rich people do not save money. They take their money and invest.
@diannathornton29113 жыл бұрын
After you've paid off credit cards, stop RELYING on them, stop USING them.
@andrewreviewschannel8833 жыл бұрын
@@ladybird491 good point
@nikolerhun293 жыл бұрын
@@ladybird491 i'm 1 month late but hey, at least you dont have a stressful life. If you save money, you may not spend it like you said but you will at least have a peaceful life without debts. And when you look at a lot of situations nowadays, thats still a luxury.
@avapilsen2 жыл бұрын
@@diannathornton2911 My FICO score went from 748 to 717 because I stopped using my credit cards. Not a good idea. It's best to just be responsible with them and using them as if they're debit cards.
@stevenmartinez92415 жыл бұрын
That's some wise old sage advice from a smart young man.
@aeydee79403 жыл бұрын
I like how you speak fast and straight to the point.
@shubhangipatil7259 Жыл бұрын
I wish there was a mandatory class in every school for "crucial financial strategies for life". Thank you Nate for doing this.Your generosity with giving out this for free to all speaks a lot about you as a person!
@Lisa.M.J5 жыл бұрын
Glad to see you explained & separated the emergency fund, from the “payroll” savings, because unfortunately this distinction is sometimes overlooked. Liked the longer video-wouldn’t mind if they were longer, or even more frequently. I think you’re a great teacher. 💯👍
@NateOBrien5 жыл бұрын
Thanks so much Lisa, means a lot to me!
@mariainespereira1425 жыл бұрын
Hi, everytime I hear about emergency funds, people talk about saving around 6 months worth of your expenses, which is basically the "payroll" savings you're talking about. Why do you think it's necessary to have both? Thanks :)
@Lisa.M.J5 жыл бұрын
@Maria Inês Pereira If you’re asking me, I personally think it’s important to have both because they’re used for two different types of emergencies. God forbid you have a sudden medical emergency that’s not completely covered by your insurance, and find yourself temporarily out of work while you recover. If you had an emergency fund, it could be used to help cover your medical expense, without depleting the money you’d need to support yourself while you’re out of work. That’s just one scenario, but this idea of needing to use two different funds back to back can occur. That’s why I personally think it’s a good idea to have two separate funds. Hope that helps Maria! 😊
@Anjo.inspires5 жыл бұрын
@@mariainespereira142 so just giving my opinion here. Emergency Fund - Money that cannot and will not be touched for anything outside of a necessity no longer functioning as needed. I.e. a car breaks down or something else important breaks. Payroll - at 3 to 6 but preferably 4 to 8 months worth of expenses set aside (once again untouched) in the event of a lack of income or a significant decrease that prevents you from maintaining your current lifestyle, allowing you to sustain and keep yourself afloat until you return to the income level you once had or even greater. The money in the emergency fund is there for a quick fix while the "payroll" is there for a solid foundation. As someone is a consultant, I never take anyone's money and invest it until I know they have a minimum of 3-6 months in an account because you need to have stability and safety when dealing with a market that changes daily. Also, having 2 clients who recently lost their job, having the 6 months of expenses covered them until they secured employment. There are other things I would suggest, but everyone's situation is different and needs an in depth look from a professional which just can't be given through a KZfaq video or in a comments section.
@judyjudyjudy95934 жыл бұрын
Lisa J......he is giving you the best advice to follow. May I add: 1. always live within your means 2. even IF you can only save $5.00, start with that & never touch it. If you do ever need your savings, figure out another way of taking care of the need/emergency! 3. never, never use credit....NEVER!!! 4. NEED things you spend your money on!! the best to you & so glad you can HEAR what he is trying to tell you!
@johnencarnacion71124 жыл бұрын
Pay yourself first,always!
@tradeinvest33 жыл бұрын
I paid my 6000 consumer debt.Not only do you get relief from bills but also you can increase you cash flow because now you are not paying interest.
@yamiletnajeraa2 жыл бұрын
I am a 19 year old and I am about to start my job in a couple of months! Thank you! Right in the time that I need it.
@yamiletnajeraa2 жыл бұрын
My first job!!!🥺
@jstrategist5 жыл бұрын
Man I do all of this now and have been for years. It definitely should be taught in school...great video sir!
@judyjudyjudy95934 жыл бұрын
Jason Obioha...this is stuff I was never taught & had NO CLUE how to do. It all never occured to me until I was 58 (a little late). Now I have my "act together" but as an "old lady" am struggling (still) because I did not do as I should have when I was young. A person MUST live within their means, save even IF it's only $5.00 at first, & never, never use credit!!!! If you can't afford to pay cash, you don't need it! Credit...the devils advocate!!!!!!
@wilsonsheldon53992 жыл бұрын
Diversifying income streams is so important. Thank you for these interesting ideas guys!, I still strongly believe in the efforts of my advisor. 2 years now and Jane Marie Kunak still surprises me.
@davidohare68612 жыл бұрын
I did read about Jane Marie Kunak., quite an interesting lady to look up on the web.
@michelledavies76342 жыл бұрын
Consistently investing in quality dividend paying companies over the long term is a relatively easy strategy to create generational wealth,
@martinbelanger99632 жыл бұрын
Awesome content, i have come across various recommendations. I must say this one stands out.
@harrisahmed30662 жыл бұрын
Thanks for sharing this has been beneficial to me!
@clairehunter63892 жыл бұрын
I respect all of you here, learning finance for yourself! The first step to success is a willingness to learn! Thanks for the information
@thomasrogers75162 жыл бұрын
It's pretty straightforward, just buy a good cross section of an economy and you should do well over the long term. The market will be high in 10 to 20 years, and significantly higher in 30. It's almost impossible for a company with no debt to go bankrupt. The U.S. is about 50% of the global marketplace, Pay yourself first. It's time in the market, not timing the market. Last year I invested 200 grand in the S&P 500/ an allocation fund (with the help of my advisor Jane Marie Kunak of course) and it returned 370k, but guess what? I put it back and reinvested. Now I’m rounding up close to a million.
@Frank-wk7ww2 жыл бұрын
Thanks for sharing, I googled the lady you mentioned, and after going through her credentials, I can tell she's a pro, I'll be writing her a mail shortly.
@bruce69852 жыл бұрын
My method is to buy quality firms, anticipate to hold them regardless of what happens, pay up but not too much, keep track, sell only when necessary, and be ready to course correct.
@clairehunter63892 жыл бұрын
I did read about Jane Marie Kunak online, her performance in the market has been quite outstanding.
@leenakko74135 жыл бұрын
the main key is to NOT SPENDING TOO MUCH
@judyjudyjudy95934 жыл бұрын
Arepovic...in other words "live within your means", no credit & NEED what you spend your money on (at least the first years of living on your own income). CREDIT...the devils worship!!!!!
@joeylondura39203 жыл бұрын
Exactly. Spend as little as possible. Coffee at home, even if it’s cheap. Food at home. Oatmeal with fruit for breakfast. Treat yourself 1-2 times at the end of the month. Delayed gratification is the daily key.
@SecondTake1235 жыл бұрын
It's hard thinking about retirement. I work Freelance and as an Independent Contractor so I do need to start thinking about my future.
@shazza92733 жыл бұрын
Wish I had this mindset and knowlege when I was 21. Would have saved me a WHOLE HEAP OF MONEY AND HEARTACHE. Well done young man.
@kassiopeia55654 жыл бұрын
"think of the future, things can always go south" LMAO, what a prophecy
@opeia2390mz4 жыл бұрын
Exactly why I'm here at the moment!
@tengigeorge-ikoli36884 жыл бұрын
@@opeia2390mz Watching this days a year after he did this. I am sure we can guess that he's just chilling.
@AshiyaWhitley-ShawVeganAthlete4 жыл бұрын
I looked at the date after hearing that. I was like WOW! If we only knew.😌😅
@kittea244 жыл бұрын
Fast forward 2020
@philanderson23 жыл бұрын
Not a prophecy...it’s REALITY
@Dreamerof-gb8fu2 жыл бұрын
Even though this video is old, you have provided me with a significant amount of information I can use for years upon years. I appreciate it! To be honest, I was looking for ways to budget the money I had received from my job. Since I had watched your video while taking down some notes. I can say that I feel confident in the way I will plan for my future paycheques'.
@CodiganKelly19835 жыл бұрын
Just FWD this video to 12 people because you answered their questions. Excellent video, Nate!
@NateOBrien5 жыл бұрын
Wow thank you so much! Means the world to me!
@v-modsolutions69464 жыл бұрын
Man. You must be talking about me...i do everything you just recommended and im in very good shape because of it.
@judyjudyjudy95934 жыл бұрын
John interlandi....I am so happy for you. I have been reading all these replies & so many of you are doing this, or planning this as your life style! It makes me happy to read!!!! Not all of us know how...& there sure wasn't anyone making videos for my generation...I never learned this until I was 58 & getting ready to retire! I will never get to live well & I still struggle, but now I know "how to" make money work for me!
@kevinbarbosa92493 жыл бұрын
I'm from Colombia, I'm learning English and when I find out your channel I can keeping learn financial education with you Thanks!! My English is very bad, sorry. !
@christianlabrador67603 жыл бұрын
Escribís inglés muy bien, sigue adelante estudiando tu inglés no es malo, ya que entendí tu comentario. Muy bien!
@wagz7814 жыл бұрын
Some small tips about neccessities, because I know some people struggle with this a lot more than they should: Learn how to cook. It's not the easiest thing in the world, but it's not as impossible as some make it sound. There are a ton of cooking channels on youtube. Find one you like and learn at least a few recipes. Specifically recipes for proper meals rather than deserts, snacks, or drinks. Cooking is quite a bit cheaper once you learn a few recipes, and if you have a microwave and tubberware, you can reheat leftovers for when you're feeling lazy. You can get by on only one meal a day and live rather comfortably. As an example, I can spend about 5-10 dollars getting ingredients, or buy two premade meals (hotpockets for the sake of arguement). The pre-made meals might seem cheaper and less labor intensive, but those 5-10 dollars will provide roughly 2-6 meals depending on bargains and such. Plus cooked food can be a lot healthier than premade meals if you're worried about that. Also, if you have dietary concerns such as gluten intolerance or a nut allergy, this will save you a ton of money. If you don't have cooking utensils, all you need to get started is a pan with high walls, a tablespoon, and maybe a spatula. You can pick up a cheap one for like 10-15$, but expect to replace this fairly quickly once you've saved money. I do not suggest getting cast iron pans. Despite what many cooking experts might say, they are not neccessary. They have the time, passion, and use for keeping such an expensive and labor-intensive tool. Keeping a cast iron skillet is not too dissimilar to keeping a pet in terms of the care they need. If washing dishes is too much of a time investment for you then just go for a non-stick /ceramic/stainless steel. Keep a cookbook. Buy yourself a composition notebook and a pen. It's all you need. Our memories can fail horribly if not well maintained. Having a cookbook on hand allows you to shop smart and not have to spend as much brain power thinking about constructing meals from what's available at the store. Make a list before you go shopping and avoid superstores. Walmart is not your friend. Their prices are actually quite high compared to proper grocery stores and their quality of food is quite low. All stores are designed in a way that draws your attention to high-cost, low impact items like junk food first with the more cost effective items being spread around after that initial brunt. Grocery stores do this too, but unlike walmart or other super stores, they tend to have a wider array of food stuffs for a lower cost. Having a list and sticking to it as strictly as possibly will save you a lot of money. Knowing what you can cook with what ingredients before hand will also allow you to construct your lists efficiently. It might seem stupid, but properly formatted lists can save you a lot of hassle as well.
@christaingrnland94253 жыл бұрын
Nice video bro I love this.. so much.. I don't know who needs to hear this. Save to invest. You will be saving a day off work.
@auramoore54843 жыл бұрын
Yeah.. there's a lot of investment opportunities. Don't enter the world of investment without a guidance.
@christaingrnland94253 жыл бұрын
@@auramoore5484 hell yeah.! Help of an account manager is very good when Investing it saves you from massive loss.
@christaingrnland94253 жыл бұрын
@Graham Cassidy5 6 2 4 4 9 3 8 5 7(+1)
@christaingrnland94253 жыл бұрын
Reach her on wassapp Lisa marie.
@paolaartur60053 жыл бұрын
I found her website online and wrote her a mail just now, how is her fee structure like?
@bi-po-lar80765 жыл бұрын
I love your videos, Im 18 and I feel like you really relate to the younger crowd. Very easily interpreted
@NateOBrien5 жыл бұрын
Thanks so much Jay! Glad to see that you are taking control of your future
@TexasRaiser2 жыл бұрын
You talked about the economy possibility having a major hard time just before COVID-19 hit when you were mentioning having 4-8 months' salary saved up. Well done.
@ProjectGamingFTW3 жыл бұрын
I’m 17 turning 18 in 2021 I’m really trying to get into investing and you’ve been a good teacher
@almightyblackdollar36694 жыл бұрын
Tithing plays an important part, even for economy, it's distributing from Haves to Have not.
@boriazone575 жыл бұрын
I loved how useful and professional this channel is. 👏🏼 learning everyday. Keep it up.
@ancientamigo2 жыл бұрын
I'm Ancient Amigo, and I'm going to spread the word about this KZfaq channel!
@mcrachelgrace95683 жыл бұрын
NATE! I have to tell you: this video is SO SO helpful - including to this 55 year old! Also, you express great compassion for the financial challenges that people face, such as family influence on ability to learn how to manage budgets. Thank you!
@Word1875 жыл бұрын
Thanks dor the tips again! I have a checkings account from that I automatically pay my mortage, healthcare etc and 15% of my paycheck goes to my savings account. I also have a (seperate) budget account. So every month I Give myself a budget for groceries, clothing, social activities etc. All the money that is left over also goes to my savings account. Looking and learning about stocks atm. 👍
@NateOBrien5 жыл бұрын
Great to hear! Keep learning!
@serjiogonzales19545 жыл бұрын
Don't stockpile all of your free cash flow into your saving acct. The interest rates are probably crap, and your wasting its potential growth if its invested elsewhere i.e. stock market, real estate, even bonds will suffice if you're frightened of potential down markets. Just don't sit on it kid, put it to work!
@Word1875 жыл бұрын
@@serjiogonzales1954 Yeah thanks for the tip. Will do as I am looking and learning about dividend stocks atm. But it is still new to me so.
@serjiogonzales19545 жыл бұрын
@@Word187 you're on the right track bud. I slowly built my portfolio that way too. I love me some dividend paying stocks. Ez money. Keep learning, you're on the way amigo!
@hanarose93384 жыл бұрын
THIS NEEDS TO BE TAUGHT AT EVERY SCHOOL!!!!!
@gazza29334 жыл бұрын
Nate I'm English and this lack of financial education in schools is the same over here. Great videos! Many thanks for these.
@sabrinajacobs94802 жыл бұрын
Had an emergency fund about three times. Bad to use it all three times in an emergency concerning car and wisdom teeth. So happy I was able to take care of myself.
@dand339115 жыл бұрын
Agree with most if what your saying. You should have minimum 6 months expenses in liquid form, cash. Once you get out of debt.
@vivianp59625 жыл бұрын
My sister was out of a job for a year and a few months. She surpassed the 6 month emergency fund. Almost lost her house, car, etc. She just got a job about 2 months ago.
@dand339115 жыл бұрын
@@vivianp5962 Well in this job market, she was jobless by choice. There are 7 million job openings right now. That's another thing people don't take into account, how many people are unemployed because they choose to be and not do a job that's " beneath them"? Also 25% of the population is addicted to drugs and alcohol, so maybe an unemployment rate of 4% isn't a good thing.
@vivianp59625 жыл бұрын
@@dand33911 im thinking your right. She chose to not work, even get a job at a restaurant or anything. She wouldn't help her self. It was beneath her to work for any other industry other than her " property management position" shes use to. But, she's got a job now.
@dand339115 жыл бұрын
@@vivianp5962 Well I'm glad she's back to work. Being someone who's in real estate myself, she should look into buying properties. So she has some monthly income coming in and doesn't need to rely on a paycheck. She's a property manager, she's already doing it for somebody else. Buy a 4 family and live in it. Best advice I ever got.
@csick115 жыл бұрын
@@dand33911 that is very true! I applied for jobs. 8 out of 10 jobs I applied for would offer me work. The economy is very good. I finally found a good fit and I love my job. I work 6 days a week and 12 hour shifts because I enjoy it. Overtime isnt mandatory which makes it much more rewarding
@surprisingbenefits9575 жыл бұрын
One thing make it automatic! That can bypass whatever psychological issues one have with money. I have a fked up upbringing with money
@J.R-Design_973 жыл бұрын
Thank you brother 👌 after watching your video I went straight to my bank account started making moves.
@laminage2 жыл бұрын
Calculate what you "Make" then check Your Bills, ie Rent, Cable, Car, Transportation (Bus). I live at Home but I help my Mother and I don't live for Free. Week One is easy but Week Two is for Cell Phone, Car Loan, Car Registration. I live in Canada so it's slightly different. Then Week Three is quiet but Week Four is when I pay my Car Insurance, Bank Service Charges. Also when you buy anything, save the receipt, then keep track of what you "Make" in a Month and then see what you "Spent" in a Month. If you spend more than you make you're in trouble. Also ask for the Change in Smaller Denominations, and take The Loose Change and put it in a Piggy Bank. Also take an excel Sheet and keep track of Your Bank Balance. Know when you paid a Bill, get the confirmation number as proof that you paid for it and then put a Check Mark as proof as it was paid. Buy what you "Need" not what you "Want". I hardly spend the way I used to and it feels really good.
@imsamiurrahman3 жыл бұрын
Nate: I'm not a financial advisor Also Nate: Teaching so many financial things that we don't learn in school
@sashap.92324 жыл бұрын
Great video! After watching this I feel thankful to be doing all these things. My biggest problem is building an emergency fund. Emergencies tend to happen when I'm still trying to build up my account, then I get wiped out and have to start from square 1 again. It's incredibly frustrating.
@HowToKeepMore2 жыл бұрын
what emergencies did you spend the money on?
@garyclarke88622 жыл бұрын
I so appreciate your video. Where were you when I was younger. I have shared this with so many and I hope they take advantage of it
@emilyestelle74713 жыл бұрын
I home-school my kids, and I'm trying to teach them about finances, money management, and debt. The things I wish my parents would have been able to teach me.
@kathyduarte12135 жыл бұрын
I don’t know if you’ve already done this but can you do a video on how to invest in the stock market for college students that want to see our money grow over time ?
@jamie498685 жыл бұрын
Get a few bucks together, open an account at one of the discount firms, do a little research, buy some stock and/or some index funds. College is really worth it.
@KingTateGreene5 жыл бұрын
Dude you look like a fashion model. You’re a strikingly handsome gentleman and even more knowledgeable. I appreciate the content.
@Parthsean3 жыл бұрын
I love this video. I visit it every few months to get myself realigned.
@henrybrown95622 жыл бұрын
Just wanted to say, this is one of the most informational and important videos I’ve ever seen on KZfaq. Should be required for all recent college/high school grads.
@deion3125 жыл бұрын
You are changing my life. Thankyou for your work.
@NateOBrien5 жыл бұрын
Comments like these make my day. Thank you
@Farmynator5 жыл бұрын
Something you forgot regarding debt payment. More than half of the debts default with banks, so when you have the funds you could call them up and ask for 50% off if you pay the debt at once. More likely than not they will take the offer, as it's better than default.
@elba81963 жыл бұрын
hi, I am from Spain. Our government automatically takes a % of our salary for retirement. There are private plans managed by the banks in the case that you want to increase the amount of money that you are going to receive once you retire. Also the government gives you money in case that you loose your job with is 70% of your salary at the beginning and 50 % the las months ( you are covered for two years). If you are fired you get one month per year that you have worked there as a settlement, so I think that the emergency fund is not needed. Our salaries are very low if you compare it to the states however we have some advantages too !!
@uMsubathi2 жыл бұрын
Love the fact that you speak about emergency fund before paying off debts... Just because you have debts doesn't mean you must have 0 cash saved