Thanks so much for watching y'all! Here's the quick jump sections: 0:00 - Intro 0:49 - Habit #1 2:52 - Habit #2 4:37 - Habit #3 6:20 - Habit #4 10:26 - Habit #5
@cherishgp3 жыл бұрын
So helpful
@normandesjardins70013 жыл бұрын
Years ago in grade school, there was a poster in one of the classes that I have never forgotten. The inspirational message on that poster was this, "Half of being smart is knowing what your dumb at"
@mappedoutmoney3 жыл бұрын
Oh, I like that. I've never heard that quote before. But that's spot on. Thanks for sharing that Norman, I really like it.
@hmspain523 жыл бұрын
My brother's wife has a good rule; no Amazon spending after 6pm! :-)
@mappedoutmoney3 жыл бұрын
haha, I like that! I think that's a solid rule. Probably saves a lot of money doing that!
@CoCMember3 жыл бұрын
Ever* Loool
@woodies113 жыл бұрын
I actually have an app set up to block those automatically at night lol
@MsGechi773 жыл бұрын
Good one.
@shaynarivera09053 жыл бұрын
That’s a great idea!!
@loripotkay3 жыл бұрын
Lifestyle creep is so real and hard to avoid. Thanks for breaking it down so I can be more aware of this happening.
@mappedoutmoney3 жыл бұрын
SO Tough. I feel you Lori. Glad you enjoyed the video!
@Thedoomcookieness2 жыл бұрын
Yes it’s hard to avoid. Also if you have kids it’s hard to separate what is lifestyle creep and what is necessary increase of expenses due to having kids.
@kaylad20413 жыл бұрын
The wait one more day is great advice. I’ve been trying to use this and for almost all the items I’ve waited one more day, then I keep waiting another and another and then finally I talk myself out of it
@adabartley20503 жыл бұрын
One question I ask myself before I buy something that isn’t a regular need is whether or not I value the item enough for it to be worth the total cost (space, money, time, and energy). Sometimes I may be willing to pay the dollar amount, but the space isn’t there or energy or time it requires aren’t worth it. I have found that adding those other variables tend to weigh more in my decision making then the financial.
@jessicaperkins74533 жыл бұрын
Agree with #5! Over COVID I ended up spending so much with all of my friends that were having parties or selling for direct sales like Tupperware, since I still had a job and wanted to help them out. Had to take stock for 2021 and say no to attending/ buying/ hosting parties.
@mikeefernandez14363 жыл бұрын
Hi Nick. Your YNAB videos got me subscribed to your channel! My partner and I are about to start sharing a budget, thanks to your videos. I absolutely love the educational, informative and sound financial advice. The covid outbreak and having a baby on the way has made me realize just how important it is to center back on values and priorities and let those direct budgeting and spending. Thank you for all these amazing tips and reminders!!! Keep it up and keep those videos coming. Stay safe!
@aaronrwatterson3 жыл бұрын
Always love your videos and podcasts. I've been in finance for many years and I still get alot out of your videos. One thing I would say is to not get caught up in "traditional norms". Things like, you have to go to college (taking out debt to do it), get married, get a house (on a 30 year mortgage), etc. The 20 somethings now aren't going to stay in a job for 30+ years like the baby boomers did where taking on debt to do all those things was easier and you had a pension to fall back on for retirement. Part of keeping up with the Jones probably. Great work Nick!!
@mappedoutmoney3 жыл бұрын
100% agreed. Life today is VERY different than it was when my parents and grandparents grew up. That's why it's so important to question everything. You're spot on. Thanks Aaron!
@mad-bi8lj3 жыл бұрын
Love the thumbnail 😂 consistently consuming good money advice (books, podcasts, videos) helps me stay accountable with my spending so thanks for playing part in that!
@mappedoutmoney3 жыл бұрын
haha, so glad you like it :) And yes, I'm the same way! Consistently consuming helpful advice keeps me accountable too. I'm right there with you!
@sethwilliamson3 жыл бұрын
Kinda related to the first one is something that gets a lot of 20-somethings. Burying yourself in mountains of debt trying to achieve a comperable standard of living that you grew accustomed to at your patents' home. Realize it took them at least another couple of decades to get there. They didn't start out there either. You're not a failure for not being able to do it year one out of home.
@SashaLipskaia3 жыл бұрын
Really great tips loved your way of delivering it, and energy, I am definitely a subscriber!
@mappedoutmoney3 жыл бұрын
Thanks Sasha! So glad you liked it!
@GospelGal813 жыл бұрын
In everything give thanks! 🙌
@suedi223 жыл бұрын
Love this!
@beverley71893 жыл бұрын
Thanks for this Nick! Great tips and makes so much sense.
@mappedoutmoney3 жыл бұрын
No problem Beverley! Glad it helped :)
@2011Ecstatic3 жыл бұрын
Nick, I didn't know it had a name, but I've been using the "one more day" method for a while now. Thanks for reinforcing it as a legit tool!
@mappedoutmoney3 жыл бұрын
Glad to hear that! It’s a great tool to use :) Appreciate you watching.
@shaynarivera09053 жыл бұрын
I will sometimes push it to one month if it’s a big item and realize I don’t want it that bad!
@colbosky3 жыл бұрын
Habit 2 takes a couple forms for me. The one form, buying items like new tech or something neat I see online or at a store I've learned to delay. I usually add to a list and that is mostly enough to stop me from truly impulse buying. The other form: eating out. My wife and I have three kids and by the time dinner rolls around it's so easy to get delivery or takeout rather than prepare dinner. I've only just started using YNAB the last couple weeks and I am seeing exactly what I expected in the "dining out" category. I trust that will be enough to curb the spending and budget more wisely. Thank you for your YNAB tutorials as they have been extremely informative and truly sold the subscription (and the toolkit). You're great!
@Psoewish3 жыл бұрын
I laughed at the paper writing analogy because I could've been given 10 years to do something, I'd still find a way to start 12 hours before it's due xD
@mappedoutmoney3 жыл бұрын
haha, totally understand that. I've got a bad habit of doing that myself!
@conureron37923 жыл бұрын
I’m a “dynamic procrastinator” as well!
@swetha22443 жыл бұрын
Wonderful video... thank you 🙏
@mappedoutmoney3 жыл бұрын
Hey thanks for watching! Glad you liked it :)
@WealthbuilderzTV3 жыл бұрын
Thanks for the reminders.
@mappedoutmoney3 жыл бұрын
Thanks for stopping by!
@sarahwilson92133 жыл бұрын
Great advice! I am working on the buy right away habit.
@mappedoutmoney3 жыл бұрын
Thanks Sarah! Yes, that's definitely a toughy. Just keep working on it my friend, and don't be too hard on yourself!
@vilmachristine2 жыл бұрын
i like the impulsive shopping category tip. i wish i would have used this back when i was on my debt free journey
@mappedoutmoney2 жыл бұрын
It definitely helps to give a bit of freedom!
@BensonGitau3 жыл бұрын
This is an incredible podcast brother. I like the first habit. Comparing oneself to others is just insulting
@mappedoutmoney3 жыл бұрын
Thanks Benson! Glad you enjoyed it. Thanks for stopping by.
@taylorwhaley99013 жыл бұрын
Your videos are the best! I have fallen off the wagon recently in terms of getting back in and focused on what I want and not what others want me to do. Life Creep is real!
@mappedoutmoney3 жыл бұрын
Thanks Taylor :) Glad you're getting back on, and yes, Lifestyle Creep is SOOOO real. Appreciate you :)
@MsGechi773 жыл бұрын
These are great. 😃
@mappedoutmoney3 жыл бұрын
Thanks! Glad you liked it
@YourFriendAndy3 жыл бұрын
You had me right away when you said DAVID PERELL. Big fan of his ideas and writing. Great video Nick. I'm super guilty of #1 & #4. Both are still something I have to be conscientious of and continue to work on. Also, preach it Oprah.
@mappedoutmoney3 жыл бұрын
Nice! I think is writing is top notch. I've really learned a lot from his articles. So glad you enjoy him as well. Thanks for watching man!
@amymatthews49803 жыл бұрын
Nice work 🏆🏆🏆
@mappedoutmoney3 жыл бұрын
Thanks Amy!
@geminiblue433 жыл бұрын
Hey Nick!! I just signed up for the YNAB trial two hours ago. The people on the YNAB video comments told me to come and check you out.
@mappedoutmoney3 жыл бұрын
haha, well thanks Ruth :) Appreciate you stopping by. Let me know if there's anything I can do to help!
@geminiblue433 жыл бұрын
@@mappedoutmoney thank you!! 😊
@devlinfae3 жыл бұрын
I found a lot of value from this! :)
@mappedoutmoney3 жыл бұрын
Awesome, glad it helped!
@danmantena46763 жыл бұрын
thanks Nick!
@mappedoutmoney3 жыл бұрын
Thank you Dan!
@barbarahermannster3 жыл бұрын
Love you guys, glad you are back.
@barbarahermannster3 жыл бұрын
That blue shirt looks great on you, by the way.
@mappedoutmoney3 жыл бұрын
Thanks Barbara!
@kimrichards41023 жыл бұрын
Thank you so much. I couldn’t resist clicking on this video...what a hilarious thumbnail.
@mappedoutmoney3 жыл бұрын
haha, glad you appreciated the joke Kim! Thanks for watching :)
@magalimasson9472 Жыл бұрын
Funny note you can't even remove your card from your amazon account anymore, I wanted to remove it for that exact reason and there wasn't an option lol
@keonikamalii75373 жыл бұрын
I really like the rule on empathy
@mappedoutmoney3 жыл бұрын
Thanks Keoni! Glad that was helpful for you.
@hawkeyepharmd133 жыл бұрын
Nick, is the podcast you spoke about Hardcore History by Dan Carlin? Best episode recommendation to get sucked in?
@mappedoutmoney3 жыл бұрын
Yes! It's Hardcore History by Dan Carlin. SO GOOD. Most of his old ones are now paid, you have to buy them on the website, but he always has his current series available for free and then a few older ones. Right now, I would start with "(Blitz) The Destroyer Of Worlds"
@mrwillwgp2 жыл бұрын
One time I offered to help my friend at the time with any bills they were behind on. The next day they asked me to pay their rent! I'm like ............ no? Then they said well you offered to help pay for anything, I said yeah like electric bill or something ... no longer friends lol
@mappedoutmoney2 жыл бұрын
oof, yeah, that's tough. Money and friendships can be really hard sometimes, nice of you to offer, but rent is a lot for sure.
@Talkinglife3 жыл бұрын
Habits are the driving forces that can make or break us....
@mappedoutmoney3 жыл бұрын
The most definitely are!
@Not_Lewis Жыл бұрын
Nick, in regards to habit #4, is there ever a situation where lifestyle creep is a good thing? I understand that lifestyle creep is the idea that as someone earns more money, their financial lifestyle tends to creep up as well. Wouldn't the additional flexibility in someone's earning power help them achieve more lofty financial goals?
@EmilyMarais Жыл бұрын
I think it's just about being conscious of whether those new things you can afford are truly aligned with what you value. Just because you can afford it doesn't mean it will make your life better, so keeping this in mind as you earn more can help you to put money towards what really matters to you.
@janet69623 жыл бұрын
That was a great help on putting me back on track! Thank you. Although, I almost turned it off when you quoted Oprah. Please don't.
@mappedoutmoney3 жыл бұрын
Glad it was helpful for you Jan!
@joanna69912 жыл бұрын
the college loan situation you mentioned is not as bad as you make it seem. when older folks who have assumed the debt inevitably pass away, the debt dies with them. that way, the young person that went to college won't have to spend their lives paying it off
@DoubleOhSilver2 жыл бұрын
True, but those payments still need to be made monthly while they're still alive
@mikepawlikguitar Жыл бұрын
The three most life-changing things I've discovered this year. # one, I will teach you to be rich. Ramit Sethi. # two YNAB # three, with that said, Nick True and Hannah My life will never be the same thanks to y'all and I'll forever be grateful!