Casual Money Chat + Q&A | FOMO, Prep for Financial Uncertainty, Balancing Saving vs. Investing

[@abbieleighwitt]

I have ADHD and the best thing I did was break down my finances to the penny and just straight willpower and not putting myself in a situation where I have cash when I’m in that spending mood. 😊

[@denise_pra]

👽 here til the end 😄 I always love a casual chat! Budgeting as a single woman: all your tips (budgeting, tracking expenses, emergency fund and sinking funds), establishing a good foundation and never hope for someone to come along and cover your expenses or support you financially. and never expect that someone will or has to support you financially. try to be as independent as possible. ☺️

[@wickedfredthesecond]

Love the longer videos, good to watch while washing the dishes 👽

[@michaelraum3393]

I too am dealing with this exact predicament and have had FOMO like a MOFO 😆 Interesting take, and as always, thanks for the extra insight!

[@PersonalFinancewithLeila]

Omg I literally STILL can't stop thinking about it 😂

[@Choolio94]

I'm relatively new here, but I love the casual chatting about money topics and hearing other people's strategies. Keep up the great videos! 👽

[@abel.morelos]

Great Q&A! Been following for a few years now and your comment about “goals change and that’s okay” was a get eat way to end this. Keep up the great work! 👽

[@deniseprichett2619]

I love a long financial video!!! Thanks for this financial chat!!🎉

[@PersonalFinancewithLeila]

Thank you Denise!! ❤️❤️

[@Rareform03]

About a decade ago I left my first job I started in high school and walked out the door Xmas Day 2013 to start my own business. I cashed out my 401k, ended up starting 2 businesses and loved it for about 3.5 years. Made plenty of mistakes and wish I had done some things differently but I don't mis taking that leap and I would do it again but possibly delay me leaving by a year to be better prepared. Keep showing up, putting in the work and your success will come. Great video and all the luck to you this year on hitting your goals and growing your business.

[@jaelasam]

You're abdolutely right. Life is unpredicatable, but it's best to confrol what is in our power and let the rest work itself out. And to the person who asked about travel on a tight budget, i'd say make travel a part of your budget, plan for it using realistic and achievable timelines, and watch it materialize. Set notification for deals to your desired location so you can catch flash sales and such 💞 👽

[@happpymesss]

I watch and rewatch your videos, they keep me so motivated! 👽

[@mybdayis420]

Cant wait to watch! I love the long videos!

[@PersonalFinancewithLeila]

Thank you!! ❤️

[@jessicatounkara8753]

Me too.

[@codycabral8267]

I love ur longer videos I’ve learned alot l have a question please Leila

[@OhIxchel]

Thanks for opening up and sharing your thoughts, Leila! I also feel overwhelmed about not maxing out my Roth right away, but I like to look back and see how far I’ve come..it gives me a sense of peace. A little progress is still progress! 💛👽

[@PersonalFinancewithLeila]

Thank you for watching!! And yes that does always help!

[@sonialofton5526]

Love the chatty videos! Watch your channel all the time! Keep up the good work! 🎉🎉

[@PersonalFinancewithLeila]

Thank you!!

[@rubyrocks5]

Great video! 👽It’s wild that your previous employer laid people off right before they were supposed to receive their 2025 bonuses!! Just think, if you had forced yourself to stay there for the bonus and then didn’t end up getting it 😭😭 You definitely made the right choice to start your own business on your own terms and now you have months of experience being self-employed already built up!! You’re crushing it!!!

[@_Eli_1605]

👽 Great content and video! Thank you for always being inspirational and vulnerable. My finances have improved tremendously and that is thanks to you sharing your journey!

[@deem.4527]

Pennies Not Perfection has a video 38:03 on managing money with ADHD

[@gretelwhite8088]

Stayed to the end! 👽Greetings from the jolly old UK

[@veronicaeasom7034]

Thank you for these money chats Leila! 👽

[@melissarodriguez4531]

Love your QA video 👽 👏🏼

[@christiansailor2880]

Thanks for the video!

[@NanetteLoves2Budget]

👽 great video!

[@TigerTsunami404]

Mortgage is a better long term move if you could do it and it's not 35%+ of your take home. Renting does allow flexibility which could make sense in circumstances. Properties are going up in value but the key here is that you're able to move that equity that you put into your starter place into your next place to offset the loan amount. Much like investing - just being in the game is important for long term financial success

[@colorsofavon934]

I've rented and owned and I prefer renting because I can get appliances and repairs done easier. Operating a house is a full-time job and I already have one of those. 😃

[@PersonalFinancewithLeila]

Love it!!

[@palindromePhD]

Thanks for answering my question! I thought you were a good person to ask or I wouldn't have asked. You've got a nice practical approach to finances.

[@palindromePhD]

👽

[@DebtFreeJessie]

Love these chatty videos👽

[@catgodfrey6451]

Great Q & A 😊❤😊

[@xaxb4178]

I've watched the video in its entirety and it's been interesting following you for a great while now. Can't find that emoji, so maybe this will do: ?

[@Netizen_101]

It’s always hard to leave stability for passion. What was the 9-5 salary you left if you don’t mind.

[@PersonalFinancewithLeila]

About $70K

[@chlhehe]

Would you please elaborate on your Mastermind Group? How do you recommend joining one? Will you be expected to buy into it?

[@cobra2966]

Using a credit card as an emergency fund and paying it off with next month’s income sounds good at first, but what if you lose your job and you’re locked in a 12-month lease?

[@raymondkizer1216]

Leila, I max mine out by working 2nd and 3rd jobs, but that's me.

[@robo-finance]

Is waiting to max out a Roth IRA really a bad thing?

[@Andre-qo5ek]

yeah i am risk averse....i would start a sinking fund that, if not needed elsewhere , rolls into my roth. i disagree that we are obsessed with savings. i think we foresee hard times. becasue of the tax implications of roth, what % of your portfolio would be the suggested amount in a roth?

[@ElisabetTX]

Edit: I assumed you were talking about 2024. I’d max out your Roth and rebuild the emergency fund quickly if it can be done in the next few months. The Roth is a one time opportunity… I guess it just depends on how quickly you can save your EF back up. And you don’t need to fund the Roth til April 15th. That gives you more time, right?

[@shermangowan6985]

Hello Leila. I am looking into starting to do a paycheck budgeting. Do you have a suggestion of which KZbin VIDEO to look into. Thanks

[@justicewilson7929]

21:41 I always use the Park N Ticket parking lot at the Atlanta airport

[@TigerTsunami404]

ATL West is Solid - Easy Lot with Monorail. Most flight attendants use this one

[@TigerTsunami404]

I just take MARTA cause it's simple & I'm cheap like that :)

[@justicewilson7929]

@TigerTsunami404 I drive from Alabama tho

[@angiewolf8189]

Me too!​@@TigerTsunami404

[@victoriadodson2835]

👽 Great video!

[@codycabral8267]

Hi Leila can I ask 1 question please

[@TigerTsunami404]

Do you worry about being financial exposed by renting from your boyfriend’s place while paying down his mortgage without equity? I believe you had co-signed a car with an ex bf & it was a big financial issue. Wondering how you’re handling that to ensure you’re protected & don’t end up in the same situation

[@PersonalFinancewithLeila]

Nah I'm not concerned about it! It costs me less to love here vs in an apartment on my own so if something were to happen it's as if I was just renting and that money is gone. My name isn't on the mortgage at all so there's no risk on that front like there was with the car

[@Andre-qo5ek]

housing as an investment.. nah... housing as a generational inheritance so the family has a more secure place to life.. absolutely. 👽

[@neffatiticarpette]

What industry is Sebastian in?

[@definitelynotlebronjames443]

I'm 23 I grossed 88k last year, I've maxed my roth the last 3 years and put away a good amount. this fall I am going to law school and will be a broke college kid for the next 3 years lol. Sacrifice for the greater good i guess!

[@TigerTsunami404]

Way to go! If you're doing this at 23 then you'll be set for if you stay the course. Save today to let it work for you compounding in the years ahead, TIME is your biggest wealth building asset. Make it a routine and your future self will thank you

[@PersonalFinancewithLeila]

Amazing that you've started so young!! You'll definitely be able to catch up

[@definitelynotlebronjames443]

@PersonalFinancewithLeila that’s what I am hoping, problem is I’m going to come out of law school with about 100k worth of tuition debt😬 so I’ll be climbing that mountain. I’m trying to decide if I should pay towards tuition what I’ve saved the last couple years while I’m in law school or hold onto it and make payments after school. I don’t have any debt (finished my bachelors at a cheap online school while I work) and my living expenses are covered while I’m in law school. I guess I’ll be in the Q&As in the future asking 🤣

[@jeremygriffith3382]

alien emoji. Idk how to find it. wait nvm found 'em👽👾

[@theegress3131]

I agree with the lump sum right now but with the volatility of the market if you max out you could miss out on gains in case of a correction. Just playing devils advocate

[@enemadalina7625]

Look at how much of a dip the market took due to the new AI from China, that inpacted most IT companies. If you would have max out your RothIRA you youd have purchased on a high, you do not know what elce will hapen this year to influance the market. Also you can make an argument that in 30-40 years it would not make that much of a diference. But in the end is your decizion.

[@1971Brena]

👽❤

[@amylynne441]

I’m putting $270 bi weekly in my Roth, I’m not pulling from my FFEF.

[@raymondkizer1216]

Sounds fantastic, best of luck.

[@benbissell3710]

👽

[@PersonalFinancewithLeila]

❤️❤️❤️

[@lesliesmith9092]

👽👽

[@FictionConvert]

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[@wendiw1445]

👽👽👽

[@Aliketchupp]

👽 🛸

[@meghan_vlogs]

👽👽👽

[@PersonalFinancewithLeila]

You're amazing!! ❤️

[@meghan_vlogs]

@PersonalFinancewithLeila Love your videos!!

[@jessicalanda4538]

👽❤👽❤️

[@fasteddy3336]

Hi Leila, if you’re 30 years old and you work until you’re 67 by missing the $7000 in your Roth it could end up causing you 133,000+ dollars. That’s at 7% return. Being single, I think you could get a part-time job that would pay $150 a week. That would be $7800 for the year. Remember, you can never go back in time. Just my useless opinion.👽

[@PersonalFinancewithLeila]

I won't miss the $7K this year, I just wish I could do it all at once! Thank you for watching!!

[@jorlowsky469]

👽👽👽

[@kingdreamiv]

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[@kimswank798]

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[@bling123451]

👽👽👽👽👽

[@PersonalFinancewithLeila]

❤️

[@M0ani83]

👽

[@neffatiticarpette]

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[@user-pl3uj8gg1m]

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[@michelehaunschild5587]

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[@angiewolf8189]

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[@frugalbecky697]

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[@shar555]

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[@luceros_kitchen]

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[@melaniebissett2594]

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[@gabrielacuevas5779]

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