MONEY MISTAKES to AVOID In Your 20s | saving, investing, retirement & more

[@hollyandhollyhocks5647]

Caitlin, I’m writing from not so far from you, south of Rochester NY. I just read your comments about you lack of sureness about the value of what you write. I usually watch you on KZbin; I expect you don’t think about me as your typical follower. I’m over 70 and I really appreciate your work! I feel connected to Toronto, learn about great ideas such as about organization and healthy meals, and I profit emotionally and mentally from your perspective! So when you are feeling disconnected, I hope you pause and remember that, like a good teacher, you cannot know whose life you touch! Life is a bit foggy for us all just now. Your courage in coming into our homes is valuable. Barb❤️⚓️

[@annafekete8662]

As someone who works at a bank, I always appreciate when someone takes the time to educate others about finances even if it’s just the basics! There are a lot of people, young and old who have no clue how to handle their finances! I really wish this was taught in school

[@sydr8765]

So glad you're making some personal finance content. I really needed this!

[@ModestMillennial]

@Syd R: I agree these are the things they don't teach you at school and need to figure out on your own.. 🙂

[@jbmentor8860]

Yes

[@mor-gan6788]

Nice video!!! Very engaging from beginning to end. Nevertheless, businesses and investment are the easiest way to make money..

[@ZackBoetcher-p8y]

For real crypto is profitable

[@coverbella9729]

I've worked with 4 traders in the past but none of them is as efficient as he is, he's trading strategies are awesome !

[@sirp1208]

He's Really amazing with an amazing skills he changed my 0.3btc to 2.1btc

[@lindajack5659]

assurance that has made me invest without the fear of losing, I got four of my friends involved with him already

[@simonjames9366]

I'm from the UK 🇬🇧 I and my colleagues gave him a try and it has been good returns of our investment, Thanks Mr Matthew Gray🇱🇷

[@jacquegarza5550]

The big sister I never had. Inspired by this video -- thank you

[@MSanonymousletter]

Girl did you intend to publish around payday? Genius timing haha

[@caitlinmariedasilva]

Haha the best unintentional timing 🤪🙌

[@kathlene642]

Thank you for this video! I've been watching you for a couple of years now and I love the way you've transitioned your videos from school focused content to "real world" adulting. We're about the same age so your content really speaks to me!

[@dtera2017]

I'd love to know more about TFSA and RRSP accounts! I so appreciate your finance videos, they make me feel more empowered and knowledgeable! Great content, keep it coming!

[@jessh4221]

This was an excellent video. You delivered the information so well and I think your background in business definitely helped; you seemed very knowledgeable about the points presented. I really encourage you do more videos like this. As a 23 year old who also lives in TO, this video really helped give an idea of how to make your hard earned money work for you - Toronto isn’t cheap! Thanks for the Video!

[@samantharamodhar7212]

Can you please make a video on budgeting for people who just finished university and is entering the world of work? Love your content btw

[@sofiasoriano274]

Please do a new video all about investing!! Love u thanks!

[@sandrasshelf]

YESSSS Thank you for boosting this topic!!!! 🙌🏼

[@MarcelaChandía]

This video was so interesting and helpful. I started to work really young, so I had to learn how to manage money very early in my life. And, for the past 15 years, I have been self-employed so all that knowledge has been so productive. I think it is really super important for young people to acquire financial knowledge, so videos like these are really inspiring 🙏💰

[@mariela5793]

Great video, thanks for this content! Could you maybe do a video especially dedicated for credit cards (like, understanding the concept of credit, how to build your credit cards, paying your credit bill, is it better to wait for the payment due date or pay the credit card on the go, etc). I would greatly appreciate your take on these topics! :)

[@samanthacromer5378]

Keep your emergency fund accessible BUT not directly linked to your checking account. This help you keep it in tact from frivolous spending. Also define what an emergency is to you(ie: is having an appliance replaced an emergency or something you can put off replacing and save for a little at a time.) Save a little at a time now for future upcoming/expected expenses like Christmas, car maintenance, medical cost(like medicine).

[@taptothebeatc3172]

Enjoy all of your videos. Keep them coming. :) Went through a budgeting + minimalism phase a few years ago. It can be a lot of fun to hit savings goals. The advice in the video that most resonated with me is to take the time to do research before reaching out to others; so true that one's best advocate is oneself. Credit cards are fine as long as on automatic online payment. Installments and subscriptions terrify me though as it's very easy to lose track or not notice the recurring subscription.

[@tristinnewton7371]

Thank you so much, Caitlin!

[@mariela5793]

Also! You mention how knowledge is power, so could you recommend some books, video channels, podcasts... resources in general that have helped you learn more about personal finances? Thanks again!

[@ophelia_and_blueberries]

Another tips I have been applying is to be aware of how much it cost to live in your country (with your needs of course). For exemple if I need 500$ for an appartement + 300$ on food + 100$ for extra which will go into my safety funds if not used + taxes and insurance and stuff + bus or car cost + etc etc... At the end you will see how much it cost for you to live. Then divid this by 12 and, we will say you need 1200$ a month, everytime you think about bying a thing that you don’t really need or go to a restaurant but you did already eat out yesterday, well think about those 1200$ and it will change your mind I promise !! I’ve done that this year and I’ve saved 500$ compared to Last year !!! Hope it help ! (Sorry if I’ve made mistakes I’m french) 🤍

[@kath_erinelara]

I'm 25 and started saving little over a year ago but i'm scared of making risky investments, so my savings are only protected from losing value but not growing really. Do you have resources on how to invest safe?

[@evelynleopatria7106]

For me, I’m in Indonesia and the govt. offering Savings Bond Retail start from USD 68 ish to USD 200,000 with interest rate around 5-7% per year for 2 years so, I put my money there :) it’s a long term kind of investment tho

[@ModestMillennial]

@Katherine: I have 90% of my investments in s&p 500 index funds.. It has done great for me and gives diversification

[@kath_erinelara]

@@evelynleopatria7106 I have something similar with Mexico's government but the interest is around 4%, that's why i say I'm not really making money. I get very little in return

[@DenelleBridgelal]

Yess!!! More content like this please!

[@LaserPink]

This video was really informative, thank youuu

[@win6110]

Everyone needs a budget they can stick too. The sooner you find the right one that works for you the better.

[@caitlinmariedasilva]

👏👏👏 YES!!

[@rishaa682]

3-6 months of living expenses is extremely expensive especially if youre living in canada where most real estate is exorbitant even though we live in a country with one of the highest land to population countries in the world.

[@estefizamora]

This video gave me so much anxiety because i'm very worried about money talk and how to manage that area (I still live with my parents, but i want to learn everything and be prepared for once i move out) 😓😓😓😓😓

[@TheNakedEwe]

Every year, I used to get charged for someone’s subscription the Norton Antivirus software. Every year I caught it and every year the credit card company removed the charge, but it took 3 years to stop. I think the company had the credit card number wrong somehow, but the most hilarious part was that the charge belonged to someone named Fred Penner. I don’t know if it was the real Fred Penner, but I’ll never forget the name on the charge.

[@MoniqueTerez]

Great tips!

[@madnessofmymind]

It's hard to automate outgoing when you do not get the exact same amount incoming each time. Maybe you could do a deeper dive into how you handle that? I do hope we are using automate in the same way. I mean it as you've set the bank system to automatically withdraw/transfer funds to another account. Not having to go in and do it myself w/ each check. Right? I have all my recurring subscriptions set up this way. They go onto my CC for my rewards and building score. And then I have payments scheduled to the CC the same day. So it basically negates itself. I really do love that.

[@KatjaBloesem]

Love this video!

[@Paridhiprabhakar]

Im 15, Do I need to watch this video? No. Am I going to watch it anyways? Hell yes.

[@caitlinmariedasilva]

You’ll be a money expert by the time your 20 🤣🙌

[@user-ns6ey7gs4j]

Omg I'm first! I love your videos Caitlin!!

[@caitlinmariedasilva]

♥️♥️♥️ thanks so much!! I hope you enjoy it!!

[@November14th2011]

Term life insurance is your friend! Take advantage of the employee stock purchase program if your employer offers it. Invest in yourself - professional trainings, personal care items, comfy shoes, professional clothing, reliable transportation, etc. Hire a financial advisor if you need help. Money is a tool - don’t use a hammer like a screw driver. Money is a mode of transportation - decide where you wanna go and how you want to get there. Not every mode is appropriate or works for every body. Money is neutral - not inherently good or bad.

[@sophiegraf2467]

Omg so early! Love you channel so much ♥️🍄

[@caitlinmariedasilva]

Wahoo! Welcome Sophie!! I really hope you enjoy the video 🥰❤️

[@aliciamitrowitz3122]

credit cards are evil...YES I believed this in college and I am responsible with money so I don't really know why. But mostly I thought I don't need a credit card, I shouldn't get one. Well then after college I try to get one to build credit and I had no credit so basically credit card companies didn't think I existed HA. I tried to co sign one with my parents and that somehow didn't work either, so I ended up doing a secured credit card, paying a deposit that set my limit for a few hundred dollars and had that for a year to build credit. Because I am the older child and had such difficulty, my parents learned from my experience and made my sister get a student credit card in college to start building her credit. I am glad that I pushed to start building my credit after college, but definitely wish I could have started sooner. I also love the travel rewards.

[@caitlinmariedasilva]

Oh sorry to hear you had to go through that big hassle, Alicia! Glad it seems you’re back on track but yes, I feel like people like to immediately talk about the bad parts about credit without sharing that they can be used in a smart way 💡

[@priyashreesrikanth2624]

Loved the ideas! I also made notes 😁 thanks Caitlin!!!

[@aliceforssell4438]

I think of the biggest money mistakes are making short term purchases and buying things for your fantasy self Edit: I don’t mean short term purchases as in food ofc, but more like buying things just because it’s trendy atm

[@ModestMillennial]

@Alice: I agree.. its very easy to get caught up how companies market their products.. it makes you feel like you need the product and you would regret later for buying it

[@aliceforssell4438]

@@ModestMillennial Yes exactly! And we also live in a society where we are sucked in to social media which makes us feel like we are suppose to be a certain way. That way we make purchases for the person we fantasizes ourselves to be like. For example, let's say we buy a gym membership because we want to be the person who waked up at 6am to work out, but in reality we're not, so we just wasted a lot of money etc (I am guilty of this).

[@trishgoud17]

Off topic but where is your white tee from? I’ve been looking for a quality not see thru one to invest in and yours looks ideal

[@caitlinmariedasilva]

It’s from Uniqlo !! A great basic 😍🙌

[@monikakamila]

I have a problem buying books. I can’t stop.

[@sandrasshelf]

you and me both 😅📚

[@thaxze]

This was a great video!

[@monikakamila]

My mom died when I was in my 20s and the year she died I was shopping every day. I didn’t even realize I was depressed . I was spending and not sleeping . It was a coping I guess .

[@abhayasriram]

:((( hope ur doing better now!

[@raihaniqbal3301]

Love this! Waht a queen!

[@caitlinmariedasilva]

❤️❤️❤️

[@limithomas-george6091]

Also good for 30 year olds!

[@caitlinmariedasilva]

🙌🙌🙌

[@ericdarosa2433]

@@caitlinmariedasilva I was hoping you could do a video on the TFSA AND RRSP

[@monikakamila]

My birthday is Tuesday and I can’t even buy a bucket to mop because bucket is non essential. Lol 😂 my bucket broke

[@toqeermuhammad3328]

Salaries savings weekly and monthly income will you rich but investment makes you financially strong and wealthy.

[@caitlinmariedasilva]

🙌🙌🙌 love it, Peter!

[@atefyassin7247]

Wow!!! great to see my trader well represented here, I make huge profit on my investments since I started trading with Stella Elliston too, her strategies are top-notch.

[@sharifasharifa8769]

I was able to send my kids to a private school with the extra money I have been earning with Stella.

[@jalalmuhammad6859]

I've been hearing of Stella Elliston and her exploits in the trading world, please how can I reach her???

[@toqeermuhammad3328]

@@jalalmuhammad6859you can message her on t£lgram@

[@thinkinvesting8022]

With all this government stimulus, the market is going higher for now.

[@caitlinmariedasilva]

lots of new investors in the market !

[@Mymakermovie77]

I looove money videos!! Would love to see more about investing and general books that you recommend about finance. My money tip is to shop in bulk/sale and keep track of sales for expensive things you need to buy. For example, I always make sure that there are some good deals when I have to buy underwear and stuff. Or for skincare, books, etc. AND huge tip, when it's someone's birthday, make your own card, don't buy those €3 Hallmark ones LOL

[@caitlinmariedasilva]

Taking note! Thanks! Oh THE CARDS….they really get ya 😅 the card + gift bag + tissue bag can end up being more than the gift if you’re not careful 🤪

[@Mymakermovie77]

@@caitlinmariedasilva FOR SURE. Often find myself just spending and spending on cute cards and wrapping paper so no no