7 Places Your Money Needs To Go (How To Save Money)

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In this video, I will share a simple, yet effective seven-step process to obtain financial freedom. How do you handle money after you have been paid? Where do you spend money? Do you have multiple bank accounts? This video will outline the seven steps that you may want to consider taking when you receive a paycheck. I will show you exactly how you can cut expenses, save money, and build a brighter financial future.
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I am not a financial advisor. The ideas presented in this video are for entertainment purposes only. You (and only you) are responsible for the financial decisions that you make.
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[@NateOBrien]

🏦 Earn up to 4.00% APY on this Bank Account: sofi.com/nateobrien Get 10 FREE Stocks on Moomoo: nateobrien.me/Moomoo (Valued up to $3,500, offer subject to change. Note: I may receive a small commission when you sign up using my link, this helps keep our videos free!)

[@christopherhobb7702]

I'm new to investing How do I get started with a professional?

[@wynn2812ify]

How do we go about these things if your a contract worker

[@CaptainBean26]

Illustration ouuu uiilli

[@ahmsddefealla3169]

Great video has a value knowledge. Running towards financial freedom.

[@MS-hn1ik]

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?

[@johnlennon232]

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

[@alexyoung3126]

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.

[@williamyejun8508]

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).

[@jessicamoore3093]

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

[@williamyejun8508]

Melissa Maureen Ward, advanced lady in her 40s and professional, reserach if you care for supervision.

[@jessicamoore3093]

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.

[@connor0323]

I am currently 16 years old, your videos are going to save my ass

[@judyjudyjudy9593]

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)

[@hesh2892]

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.

[@angiet2190]

Wow! Wish all teenagers would watch and learn. This stuff is not taught in school.

[@weekendnacho]

when you are 16 and watching this kind of videos you are doing a lot of things right!

[@nicolaos355]

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.

[@Christensen554]

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.

[@Christensen554]

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.

[@mendeleyborisov92]

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.

[@clairewinchestermurray8703]

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.

[@mendeleyborisov92]

Hermanw jonas (a Gma!L Is he taking commissions for his services? Yes, I’m I still making money in the process? Hell yes!

[@clairewinchestermurray8703]

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.

[@Calebjunioir]

THE WORLD IS CHANGING AND EVERYONE SEEMS TO BE LOOKING FOR WAYS TO EVOLVE, YOU NEED TO START NOW

[@Jefflands556]

--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------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

[@Jefflands556]

--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------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-re9hd]

Book me too

[@Rose-re9hd]

Book me too

[@NickPeitsch]

It's really unfortunate this isn't taught in school. Thanks for being our teacher Nate!

[@NateOBrien]

Thanks for watching!

[@Eggsr2bcrushed]

It's really no accident. People in debt are far easier to control.

[@theleakytap4591]

Take economics and accounting?

[@tysaylor8469]

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.

[@onlyrog5]

It's actually common information

[@samuelterkperahuno5294]

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

[@konikakaiser2048]

Thanks for saving our time 😊

[@Yugiboii]

@@konikakaiser2048 yup, but Nate is great at explaining things I’d recommend to watch anyways

[@kassiopeia5565]

"think of the future, things can always go south" LMAO, what a prophecy

[@opeia2390mz]

Exactly why I'm here at the moment!

[@tengigeorge-ikoli3688]

@@opeia2390mz Watching this days a year after he did this. I am sure we can guess that he's just chilling.

[@AshiyaWhitley-ShawVeganAthlete]

I looked at the date after hearing that. I was like WOW! If we only knew.😌😅

[@kittea24]

Fast forward 2020

[@philanderson2]

Not a prophecy...it’s REALITY

[@tunnelvision3246]

As an avid investor, I frequently ponder how successful investors get millions of dollars from their investments because I see some people content with their strong portfolios. I have over $545K in equity from the sale of my house, but I'm not sure what to do with it. Should I invest in stocks now or should I wait for a better opportunity?

[@ChristopherDavies_]

The present market conditions could offer chances to enhance earnings quickly, yet to implement such a plan, expertise is essential.

[@EthanBrown_23]

The significance of advisors often goes unrecognized until emotions cloud judgment. I remember a couple of summers ago, during a challenging divorce, when I needed significant assistance to sustain my business. Turning to licensed advisors, I discovered someone highly qualified. Despite inflation, she played a crucial role in boosting my reserves from $275k to $850k.

[@EmilyMartinez.]

Lately, I've been researching advisors, but the market updates I've encountered haven't been very positive. Who's your guide?

[@EthanBrown_23]

'Laurelyn Gross Pohlmeier' is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

[@JessicaThompson.]

I searched for her complete name on the internet and located her page. I then sent an email and scheduled a meeting to converse with her; now, I'm awaiting her response.

[@RodasYonass]

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.

[@NateOBrien]

Right on! Creating that buffer can help alleviate some financial stress

[@jamie49868]

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-oh7hy]

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_3928]

alot of credit card debt

[@MsLee-oh7hy]

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-wn3iv]

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

[@MarcelPhilips]

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-wn3iv]

@@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

[@MarcelPhilips]

@@MarcusFred-wn3iv Who’s the person guiding you

[@MarcusFred-wn3iv]

@@MarcelPhilips credits to KRISTIN GAIL CUNNINGHAM, one of the best portfolio managers out there. she's well known, you should look her up

[@MarcelPhilips]

@@MarcusFred-wn3iv Thank you, I just checked her out and I have sent her an email. I hope she gets back to me soon.

[@santi9532]

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.

[@faragozsuzsanna7891]

Good job on that! I hope you are still enjoying your job you chose :)

[@ivanjaman5525]

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

[@santi9532]

@@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!

[@ivanjaman5525]

@@santi9532 thank you for your answer! best wishes

[@Gh..o..s..t]

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

[@gailhawkins8511]

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:-)

[@judyjudyjudy9593]

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!!!!

[@abbiesianlouise]

Please teach me!! Lol

[@seyyros2007]

Can you teach me? 😭

[@jerrseyy1088]

You are AMAZING! Most adults don’t have this knowledge to pass onto their kids. Glad you paid it forward.

[@investoreddyy]

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 😭

[@mikemoore6409]

Always pay yourself first! So important to financial wealth.

[@SupremeLogo]

Yes sir!

[@ToquzOghuzKhaganatekhan]

Dont pay for chicks , if they want to suck your money just dump them

[@brewcrew1224]

If you dont have debt then yes but if u do u definitely need to pay that off before paying yourself

[@mk25041]

First rule of Kiyosaki!

[@Laoxremix]

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

[@jakubageter1689]

I recently made more purchases. Saving money for a market downturn is likewise a bad idea. There are numerous ways to look at recessions and depressions, we cannot always expect to make large returns, and taking chances is better than doing nothing. The bottom line is that you will achieve remarkable results by diversifying your portfolio and making wise decisions. My portfolio's raw earnings rose by $608k in just 5 months.

[@AnnieBeischel]

Despite my confidence in your advice, my recent stock purchases, and the fact that I am an AMC shareholder, I haven't been able to accumulate anything. I had already been in the hole for too long prior to the downturn. What's the investing procedure?

[@Adrianjacek-]

@@AnnieBeischel I don't invest in a single fund because I have a range of jobs. I don't behave at all like that. My behaviour is modelled after that of Stacey Lee Decker, a seasoned financial advisor licenced by the Securities and Exchange Commission (SEC) of the United States. My returns have since climbed swiftly in contrast to the IRA's gradual development. What I have is only used by her trades; very few truly specialised companies.

[@Adrianjacek-]

You may look her up online and confirm her for yourself. She has extensive knowledge of the financial markets.

[@normandea]

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.

[@NateOBrien]

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

[@mediterraneanworld]

Don't people have parents in America?

[@alexsierra111]

@@mediterraneanworld it's frowned upon to talk finance here in the states!

[@Michelle-pn9xt]

are not or aren't taught in our schools..........(not isn't)

[@deirdrekiely6187]

@@mediterraneanworld - Parents in America are not strict.

[@canceraxe1447]

I was able to pay bills using side hustle income and saved all my main job income! Wonderful

[@NateOBrien]

Love it!

[@jessicagray1289]

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

[@roberthardy5171]

Wonderful! For you!

[@olegp3671]

Same, it’s so great having that flexibility

[@judyjudyjudy9593]

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!!!!!!

[@ladybird491]

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

[@vince.r]

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

[@SybotLV5]

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.

[@NateOBrien]

So true

[@dianvandevyver5729]

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

[@cocodakilla]

I won't ever upgrade like that again.

[@helenhyde7489]

I have my iPhone 6 since 2015. My 75 yr old mom is doing better than me. She has an iPhone X.

[@judyjudyjudy9593]

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!!!!!!!!!!!!!!!!!!!

[@dylanf.a736]

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

[@roseroseroserose6958]

Wonderful.

[@idayuribe3800]

@@roseroseroserose6958 wow

[@elsie3255]

Good for you, Dylan. It's called learning. Which schools and parents are not teaching nowadays. So, you have to get it digitally.

[@JasonSmith709]

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.

[@judyjudyjudy9593]

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!!!!!!!!!!!!!!!!!!!

[@alexyoung3126]

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]

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]

@@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]

@@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]

@@joesphcu8975 Omg you made 650k this year? Who is this coach that guides you?

[@joesphcu8975]

@@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

[@IT-28]

13:11 yooo who's watching this in 2020 with the whole COVID-19 stuff happening?

[@rcranch3838]

Me! Crazy

[@rcranch3838]

Also very great content.

[@BahamasMusicLasers]

Ikr

[@Brooklynbaby47]

Yup 💪🏻💪🏻

[@michaelgibbons7014]

10% unemployment? Those a rookie numbers son

[@ashleye.carter1009]

We work for years to have , $1million while some people I know put thousand of dollars in some meme coins and they are millionaires.

[@marianrahi7305]

Proper investing and discipline is a very key. Discipline at every time is worth everything

[@quamiprecioussquad9108]

You’re literally teaching me everything my parents didn’t have time to

[@rachealowolabi4331]

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.

[@Mcllwain]

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]

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.

[@kurttSchuster]

@@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.

[@tonicruger]

@@kurttSchuster 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.

[@kurttSchuster]

@@tonicruger My Financial Advisor is NICOLE DESIREE SIMON. I found her on a CNBC interview where she was featured and reached out to her afterwards.

[@tonicruger]

@@kurttSchuster 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.

[@christophermiles8085]

Nate obviously is a genius. The 6th tip is the ultimate to save money and make more income

[@kenlevi6023]

I strongly support you. I make as much as an income of $2k weekly from my investment

[@andreamilan5471]

Very true. Learning to save and creating passive income is a great way to boost your finances

[@Noah-tq7bi]

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

[@NickPeitsch]

Agreed Noah! I'm all about learning on KZbin and gathering all this investing knowledge

[@NateOBrien]

Thank you Noah!

[@sarasplayz1531]

@@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

[@braxtonclaflin1818]

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..

[@mandie1456]

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.

[@adorezee2222]

@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.

[@haute03]

That's one of the causes, but it's not the root cause.

[@jesusnameaboveallnames7369]

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.😒

[@Blitcliffe]

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?

[@kurttSchuster]

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.

[@eastwood224]

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.>

[@tonicruger]

I’ve been looking to switch to an advisor for a while now. Any help pointing me to who your advisor is?

[@eastwood224]

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

[@tonicruger]

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

[@kenlynch6332]

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. $$$$$

[@NateOBrien]

Thanks Ken! I figured the flip chart would help exemplify my points

[@MmeHyraelle]

Visual aids are valuable teaching tools

[@johnjohnny6480]

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.

[@user-im6ld5yr7r]

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 ❤️

[@annetteveronica7293]

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??

[@edm0000]

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 .

[@thaminduKavinda]

This is real world usable advices. Not like other time wasting videos on KZbin this actually delivered.

[@quay007]

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.

[@tracymacgregor4654]

This is so true thanks for explaining it like that

[@rhyspowell9426]

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

[@palpatine26]

Delayed gratification, financial literacy, basic investment strategy, and a healthy mental state

[@viharsarok]

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.

[@BankruptMonkey]

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.

[@garylee1488]

I'm glad I found your channel. You are sorta like Dave Ramsey without the patronizing and condescending overtones...

[@fitbh703]

Bahaha true that

[@sabrinefarjallah]

Haha It's those condescending overtones that to the trick for me.

[@noonehere4332]

Graham Stephan

[@jennycarrier]

he is the dave ramsay..whit the twist of modern wold!

[@LaytonEstates]

Watching this during the corona virus and he totally called, "there are sometimes people lose their job" "things can get hard" Great video!

[@Miv51miv51]

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.

[@fluffhead917]

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.

[@kmglasgo]

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.

[@jamesfudge207]

These lessons should be taught early on especially for the younger generation.

[@davidcosma]

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.

[@randyhos7673]

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]

Wow, at 36 years old. Thank you for sharing the warning.

[@francescavenasio6117]

im19 and after watching some of your motivated to change my life around thanks so much and keep doing what your doing

[@judyjudyjudy9593]

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!!

[@MasterAcquisition]

Accountability check. Hows life 1 year later

[@beckygeer6480]

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 ?

[@boriazone57]

I loved how useful and professional this channel is. 👏🏼 learning everyday. Keep it up.

[@jakethesnakelover]

I love how cold-cut and dry he explains his points. I don’t usually hear financial youtubers talk about death or homelessness.

[@rosscopeakco1]

“Thinks can go south” - looking back this feels like an understatement

[@bnjmnwst]

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.

[@itssricaa96]

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 !

[@BrassBangin]

1.5 minutes into this and I can already tell you're genuine and legitimate, subscribing

[@Teskaamo]

I've been slowly watching more and more of your stuff and its actually helping, I haven't put any of what you said into motion just yet but its slowly changing my ways of thinking when it comes to finances! I've been looking for someone that makes videos that are a little easier to understand for me and this is the one!! Thank you lol

[@truno7]

Love your content man. 10min and under is my fav

[@aeydee7940]

I like how you speak fast and straight to the point.

[@mcrachelgrace9568]

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!

[@garyclarke8862]

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

[@conniemontenegro2851]

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.

[@dominichawkins8777]

that's true, i totally agree with you. investment is always necessary especially to the low-income persons

[@alanbalinski5655]

interesting... but what exactly can i lnvest in that will yieId me good profits. Perhaps 25% BiweekIy?

[@conniemontenegro2851]

@@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-ty3zs]

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

[@chrisrodriguez2574]

Is this forex trading a good business

[@johnencarnacion7112]

Pay yourself first,always!

[@SensieRodriguez]

Thanks for posting this

[@prasanthmallepeddi5464]

Nate - Iam so glad I found your channel on youtube.Great stuff all over posted by you.Hats off

[@breymaize9608]

Subscribed. Taking notes. 🤓

[@anabellesabangan7565]

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.

[@ladybird491]

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.

[@diannathornton2911]

After you've paid off credit cards, stop RELYING on them, stop USING them.

[@andrewreviewschannel883]

@@ladybird491 good point

[@nikolerhun29]

@@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.

[@avapilsen]

@@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.

[@heykeiheykei]

Thanks so much for this!

[@imma_cat]

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!

[@WorkAtHomeOnlineForFree]

Your videos are extremely helpful. Thank you so much.

[@ogmsvibes7913]

thank you for always giving us advice

[@ruths8885]

So happy to learn of your channel today! Thank you for all your info and shared wisdom!

[@leenakko7413]

the main key is to NOT SPENDING TOO MUCH

[@judyjudyjudy9593]

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!!!!!

[@joeylondura3920]

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.

[@chriswilson1968]

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.

[@mysterybuyer3738]

No gold or silver? What will you do when the dollar collapses?

[@user-cm4bj3xo9h]

So you're trying to get rich when you're old? Try get rich while you're young and can enjoy it more

[@chriswilson1968]

@@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.

[@kieranwoolston9183]

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

[@roberthardy5171]

Good for you

[@machiirose]

Thank you for making this video, greatly appreciated 🙏🏾

[@Dreamerof-gb8fu]

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'.

[@silentingenuity2583]

Love listening to your lecture, Nate ❤❤❤ especially the speech pace, so perfect! I never knew that talking about money can actually be NOT BORING at all.. Thanks, Nate!

[@conniehurney9546]

Thanks that makes so much since

[@kakashimoto9916]

13:14 hits home as we are now 6 months into the pandemic as of September 2020. Good thing I listened to your advice Nate when you posted this vid last year thank God.

[@W1LS0N_D]

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]

I am rooting for you.

[@jamarallee2006]

How did it go ?

[@stevenmartinez9241]

That's some wise old sage advice from a smart young man.

[@salsadetomatesriquisimos6441]

I have been watching and re watching your videos for quite some time now. Thanks for all your advice!

[@sophalfx7216]

yes thank you for your share bro

[@wilsonsheldon5399]

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.

[@davidohare6861]

I did read about Jane Marie Kunak., quite an interesting lady to look up on the web.

[@michelledavies7634]

Consistently investing in quality dividend paying companies over the long term is a relatively easy strategy to create generational wealth,

[@martinbelanger9963]

Awesome content, i have come across various recommendations. I must say this one stands out.

[@harrisahmed3066]

Thanks for sharing this has been beneficial to me!

[@clairehunter6389]

I respect all of you here, learning finance for yourself! The first step to success is a willingness to learn! Thanks for the information

[@josueleon8620]

Nate! Really thanks a ton for all the knowledge you put out here! Actually, I've never thought about having a 4-8 months pay-rolls in case something pops up. I'll take your advice!

[@blaakcoffee]

Wow!! Definitely about to subscribe!!! I salute you sir. Thank you!!

[@annetteveronica7293]

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?!!!

[@drewgibson8495]

Thanks for your Wisdom

[@Lisa.M.J]

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. 💯👍

[@NateOBrien]

Thanks so much Lisa, means a lot to me!

[@mariainespereira142]

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.J]

@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.inspires]

@@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 KZbin video or in a comments section.

[@judyjudyjudy9593]

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!

[@thomasrogers7516]

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-wk7ww]

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.

[@bruce6985]

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.

[@clairehunter6389]

I did read about Jane Marie Kunak online, her performance in the market has been quite outstanding.

[@livp9200]

Out of all of the financial advice videos I've watched, this one is the clearest on how to prioritise where your money goes. Super helpful, thank you!

[@isaacchavez9076]

thanks for the video man!

[@christaingrnland9425]

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.

[@auramoore5484]

Yeah.. there's a lot of investment opportunities. Don't enter the world of investment without a guidance.

[@christaingrnland9425]

@@auramoore5484 hell yeah.! Help of an account manager is very good when Investing it saves you from massive loss.

[@christaingrnland9425]

@Graham Cassidy5 6 2 4 4 9 3 8 5 7(+1)

[@christaingrnland9425]

Reach her on wassapp Lisa marie.

[@paolaartur6005]

I found her website online and wrote her a mail just now, how is her fee structure like?

[@bi-po-lar8076]

I love your videos, Im 18 and I feel like you really relate to the younger crowd. Very easily interpreted

[@NateOBrien]

Thanks so much Jay! Glad to see that you are taking control of your future

[@fitnessaddict154]

brilliant and right to the point thank you so much

[@therenaissance1613]

Thank you for this I really appreciate it.

[@almightyblackdollar3669]

Tithing plays an important part, even for economy, it's distributing from Haves to Have not.

[@GMary129]

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.

[@sharathchandra6166]

i was skeptical at first, thinking its just a pep talk but 10 mins into the video i realized these are some solid advice...my dad also used to tell me the same things.....thanks for a great video nate!

[@personal-hschapter5327]

Graduating Senior, and you really put into perspective a lot of good information!! thank you man!

[@valflores249]

Thank you for the video! Really helpful for us, God Bless ❤️

[@lancemarchetti8673]

Great tips Nate. Thanks! Wish I had learned this 28 years ago when I started my first job.

[@acgisele4361]

New to this Chanel. I’m glad I stumbled on it. Got my book and pen, about to binge like there’s no tomorrow

[@vivianahernandez4432]

I'm literally binge watching all your videos man I even subscribed.. very good info

[@jstrategist]

Man I do all of this now and have been for years. It definitely should be taught in school...great video sir!

[@judyjudyjudy9593]

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!!!!!!

[@sashap.9232]

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.

[@HowToKeepMore]

what emergencies did you spend the money on?

[@matthewraleigh5751]

I love how you did that all in one take. Respect.