Do This EVERY Time You Get Paid (Millionaire Payday Routine)

[@kauigirl808]

My mentality hasn’t changed whether I make 20k or 100k. I still have the same mindset that I’m brokeAF and spend the same as if I’m poor. It’s just habit.

[@xmusic2049]

My mindset would change. I would be able to save and invest more.

[@kauigirl808]

@@xmusic2049 I meant spending wise I’m still the same. Invest more than half my paycheck in my 401k. I do go higher if I make more.

[@I-talk-about-tough-topics]

What if you made 5k?

[@kauigirl808]

@@I-talk-about-tough-topics are we talking monthly or yearly because it's a big difference 😂😂😂😂😂

[@I-talk-about-tough-topics]

@@kauigirl808 yearly

[@commonsenseisntcommon1776]

No CC debt, No car payment, Mortgage at 2.25%, building my Brokerage account and saving account.

[@TheMFStudios]

Then why are you here?

[@vintagecrazyjay4970]

@@TheMFStudios I'm here for motivation to continue to stay debt free. Never stop learning. Cheers!

[@jairohernandez7957]

@@vintagecrazyjay4970 same!

[@phansaxtiger]

@@TheMFStudios😂

[@hades1066]

Are you living with your parents still? That's the question we all need an answer to...

[@alexandrathe120]

This is literally the blueprint on how to become financially independent and financially stable ❤I love your hair and I love the info that you shared with us and will incorporate this in my money journey! Thank you so much 😊

[@itsrosehan]

Thanks, and you got this! Also if only my hair could give financial advice too, we'd all be set! 🤣

[@kimberleyperez6774]

Wish I had this when I was younger. Definitely been doing this for a while but kinda got off the wagon and need to get back in with this new job

[@zakkrick]

Don’t trust family and cousins if they want to borrow money, they won’t pay you back. They’ll say I’ll pay you whenever I pay you back or it’s your fault for asking for the money.

[@lexxko]

Family is family...business is business. Try to not mix the two if possible

[@gigi4874-w3w]

Look at it as if it were a one-time💕 donation.

[@bronzefire5404]

I learned the hard way when loaning out $. If it will hurt you not to get it back, then don’t loan it out.

[@nargizakhujanberdiyeva]

Painful true 😂

[@SP-ig3vs]

Just give them

[@Voop12345]

Love the whole video except the last “example” part. In a $5k check, you would never spend “only” $2500 in your needs. Most people’s rent nowadays takes 30-40% of the whole paycheck, plus utilities and insurance etc you can do at least 3k for needs. In my case I still have debt (as majority of ppl 😅) and I’d literally have left $200 dollars and that’s being positive. I wish I could follow your advise however it’s not realistic . I’ll take the important value shared and try to apply to my own situation. Thank you for the video!

[@LauraPecina]

You should look into Velocity Banking. Vanntastic is pretty good.

[@isaiahayers1550]

For some of those people, they live in high cost of living areas like LA, NYC, Seattle, etc. I definitely feel for those people, as I used to be one. Often they can move back home with their parents, get (more) roommates, or try to move to a more affordable place. For many other people, they're simply renting a bigger/nicer/more convenient place than they need to, and often have the above options as well. Lastly, people can often make more money than they do, but don't invest the time to do so.

[@CertifiedPrincessNI]

Invest in yourself first, put some money into business courses online or even make a quick eBook on a topic you know a lot on and offer to sell it if people safely PayPal you, extra buck a day yano?

[@asyamondsdavis5889]

That is actually quite realistic. Plus, many people get paid twice a month or biweekly so $2,500 of one check is not unrealistic even in a high cost of living area

[@marthawilliams8876]

I put away a grand a month but there is always something. Daughters tuition, car needs tires, daughter not working, medical bills, vacation,

[@alishajennings2013]

Start saving specifically for things you know will come up such as car maintenance, vacation, Christmas, birthday gifts ect. Some people call them sinking funds. I have my main savings which is my emergency fund. But I have smaller amounts that I put money in each month also for expenses I know are coming but aren't very often. That way when they do come up I'm not pulling money out of the main savings (emergency fund)

[@lulatorrey6360]

❤❤😂😢😢😢😢😮😮😮😮😮❤

[@lulatorrey6360]

❤❤😂😢😢😢😢😮😮😮😮😮❤

[@LiarFireDesire]

I know right. Had just saved up a good sum in my emergency fund and then i damaged the car. It's so frustrating.

[@AnnieIsaLau]

I feel you! When you have kids, it changes everything ... it's much harder to do all that with kids. I'm trying hard, but it's not always so obvious. Wish I was more serious about money when I was young instead of going out clubbing and spending all my money on alcohol, clothes and cd's lol

[@Hyakman5408]

5:36 I've used the "snowball" method that you talk about, but it actually works by taking the payment from each debt and adding it to the next so that you can pay off the debt sooner (unless I misunderstood you). Put another way: if you have 3 cards and each has a $10 monthly payment, you pay off the first card then add that $10 to the second and pay $20, pay it off and add that $20 to the third card and pay $30 until the debt is gone.

[@AnnieIsaLau]

I like this, very wise!

[@dlyroadrunner]

almost 10 yrs in the air force, and i spend as if i'm still making the same pay check as an E-1.

[@Musashis_Finest]

And that’s why you’re in the Air Force you’re smarter than the rest of us lol thank you for your service 🕺🏾💯

[@nw1317]

I love the water jug metaphor, its a good way to visibly show a budget being used up

[@haileyreign]

The overflow on the credit card debt was accurate 😂😂😂

[@itsrosehan]

😆

[@erikaharris7499]

I chuckled with that too!! 😅🤭🤭🤭

[@ryw6712]

It was so accurate, i thought it was intentional! 😆

[@kimwieczorek1879]

Pay down/off your MORTGAGE! We all will get old/sick/tired. You don't want to be left with a mortgage/bill/IOU when you're older/sick or laid off....

[@richsamuel2922]

Paid my junk off last month.

[@nikosniko7092]

Still have expensive property taxes( never ends

[@richsamuel2922]

@@nikosniko7092 Taxes, insurance and HOA are about $500 a month for me still the best deal in town.

[@FunandBudget]

​@@nikosniko7092property taxes is cheaper than having to pay on a loan. Inflating rent is also expensive

[@tho464]

Paid off my house last year at age 54. Great feeling not having that over my head.

[@ExpiredPeachFourLokos]

I wish I started to take my finances more seriously sooner. I just started seriously saving/investing/paying off debt in the last 6 months or so and just paid off my car completely. I opened a new credit card for the 0% APR on balance transfers and am taking care of CC debt next, and hope to have that wiped out in the next 3 months. After that I have the student loan mountain to climb but it'll be so much easier with the money that would have been going to car payments and CC payments available.

[@alisonvalbuena1044]

We all wished we started younger but today is the youngest you’ll ever be! Congratulations on starting your journey 6 months ago! 🙏🏻🎉😄 Wishing you all the best!

[@SLLLC-904]

Every day seems like an Emergency!!! Bills high, Insurance super high, and Income low!!! Doesn’t add up!!!

[@SLLLC-904]

@de5072 The cheaper insurance these days are still expensive!!! I’ve cutting back tremendously and still suffering!!! Make no sense!!!

[@hvnxxo]

Right. It doesn’t ever stop 😢. Even when you die it’s expensive .

[@TheClashWarrior]

I just made a payday routing after watching your video and I feel very less stressed as Ik where my money is going and how much I can afford to spend thank you 🙌

[@ernaleslie3848]

Love this! A visual and understandable approach to saving and investing. Rose, I think your videos should be shown in middle school, high schools and colleges.

[@jordankendall86]

"Making the changes that you usually don't like to make!" was the best quote. I am tired of hearing people complain about finances and yet not willing to make the necessary changes to live below (not within) your means. My only disagreement on the order of filling the cups is that I believe if you have a 401k match, then you should prioritize matching this 100% first before any living expense because most people will adjust their living standards down when they receive a lower paycheck.

[@karladenton5034]

Absolutely. The company match is part of your compensation. Never leave money on the table. You might also see if there is an Employee Stock Purchase Plan benefit. So long as your company is decent, it won't hurt to put some 'skin in the game' as a stockholder - but not too much and not in your retirement.

[@osteophagus]

Yes! My employer matches 5%, I always say I'd rather move in with my folks again than drop below that 5% contribution.

[@gospelician]

Lord please give me a job that pays 100K a year.

[@morganfaye93]

You left out one key category: GIVING. :)

[@rushellrousseau9197]

Very important! Giving is useful plus it just makes me feel richer!

[@australiasian]

She still has a bit left in the pitcher ! because “you can’t fill from an empty cup” 😊

[@auntyshafo]

I agree... Whoever gives to the poor lends to God... and he repays back ...

[@HannahRouse-c6d]

You can give things besides money - which are sometimes much more valuable to the person on the receiving end, honestly.

[@morganfaye93]

@@HannahRouse-c6d very true! My husband always talks about “tithing his time.” I think that’s very important too.

[@spillthetea3]

That's smart, putting the financial goals before the wants.

[@annagarcia1037]

My paycheck is 1,400/month, with rent, car payment, personal loan, cc, etc. So it's tough on savings.

[@joannabaker6398]

Just start, even if it's $1 for which you can get a fractional share. Forming a habit of investing is probably the most difficult thing. Good luck

[@Bonkermcbonk]

It's in big part what she meant about making changes. Are there any places where you can cut back? Are you using all the services that are available to reduce your spending? If you are, then we might need to find some way to get extra income. Get some qualifications and argue for a better wage, or get another job. I hope you can find some way to invest in your future!!

[@kayleighw9841]

A working class Brit here, so some investment differences, but thank you for explaining everything in such a clear and understandable way.

[@ArunShee-ee3eb]

it's kinda crazy how nobody is talking about the book whispers of manifestation on borlest

[@MrCem1016]

RE: HSA contributions catch up amount is $5,150 for individual & at age 65 can also w/draw for supplemental income but would be taxed.

[@sokkimly8182]

Thanks for sharing I agree the point you brought on Save for emergency funds or pay off debt. A lot of people would save for emergency funds, instead of paying off debt.

[@vn9393]

401k, mortgage,utilities,stock,saving,cd,529b,all credit card.

[@paulfarr7]

Yeah, I set up savings accounts with a different bank to my main, so I can't see the amount in my balances. Once the money leaves my account, the day after pay day (set up automated), to me it's effectively spent. So I can't waste it.

[@itsrosehan]

Niceee, that’s the way to do it!!

[@qkun]

Think I'm gonna have to switch my wants and financial goals priorites. Youre right, less money less spending

[@livingonaclaud]

This is such an amazing resource! I can't wait to share this with my little sister as she enters the job market and starts becoming financially independent. Thank you for this - great illustration of how to manage money well.

[@taythescientist6744]

This was incredibly helpful, thank you! I've come to the realization my finances needed a change! I was maxing out my credit cards and ignoring my savings in the past couple of years because it all felt like "free money". YIKES! I plan to take these steps to get my finances back on track!!

[@tz55lj]

The visual and explanation of the glasses filling, and when full, moving to the next glass is clever and I am sure helped visual/analogy learners.

[@Shakashack2022]

I honestly thought she was going to chug down each shot glass after each step achieved. 😂

[@jmjm1195]

I've never subscribed to KZbin channels. But this past year, I've gotten serious about my finances and finding your channel keeps me motivated and inspired, hence why I subscribed to your channel. I don't have anyone to talk about my financial journey, so its really nice to come to your channel, put on your videos, learn and feel motivated! My biggest financial goal right now is to pay off my first house in the next two years!! Thank you for sharing your journey and skills with us ❤

[@Lita_at_work]

Yikes, my needs are 85% of my monthly income :( I don't have anything nice or luxurious, so at this point I just need to increase my monthly income...it's def below 5k/month lol But this video was helpful and encouraging ^_^ thanks for sharing!

[@Tonyayt]

I stumbled upon your channel today, and now I can’t stop binge watching!! Great tips ! In addition to your recommendation on books etc. too.

[@ToNy97one]

Je suis français, Im 40 And j'aurais aimé tombé sur une vidéo comme la tienne plus tôt dans ma vie. Thank for the share

[@kingnasirthesecond]

correction about roth ira. u can only withdraw what u contribute. for example if i contribute $1000 into a roth, i can only withdraw $1000 at any time. any profit u make on that $1000 that u withdraw before 59 1/2 years old will be taxed and penalized

[@elianazapata8893]

She says so later in the video.

[@glamrgirl33]

Wow, thanks for pointing this out. I’ve heard a lot about IRAs but no one has ever explained it like this. I thought the penalty would apply to any amount withdrawn.

[@BryanL5913]

Thank you Rose you are helping people grow and making a impact on the world with your videos keep making them please..... Much love coming from Texas.....

[@mzoperationz2709]

Thank you this video was very helpful. I have been feeling so helpless lately since I gotten behind on my bills due to medical expenses. This has given me a plan of action to get back on track.

[@chillgick8894]

Instead of putting emergency money in a high interest rate savings account. Putting it in a no-penalty CD account. Has to be in $500 increments and you can't touch it for the first seven days, but the rate is much higher.

[@Shakashack2022]

I think she recommends emergency fund $ in a high-yield savings account bcuz when we have an unexpected emergency, we have quick access to the monies, versus being penalized from withdrawing too early from a CD. Having an additional CD / MM account is a smart investment though.

[@siilver1]

I am slowly moving from learning about the money mindset to learning how to actually gather wealth. And this is my first step towards it. So I am listening to this as I am taking an evening walk.🍀 . . 14th may 2024 at 7:14 p.m. Tuesday

[@siilver1]

Given before getting into money and growing wealth, the only thing that I already KNEW and figured out by myself was the fact that *I must invest in myself!* And to LEARN high income skills!!

[@siilver1]

So hearing people like you who have made it say that you have invested thousands of dollars in yourself is such a VALIDATING AND REASSURNING THING TO HEAR!

[@phillipiversen6659]

I love how she's talking about putting aside like a 100 dollars for investing... and I here I am only putting 15 dollars into it my take home pay check is like 150... sob please tell me im not alone in this

[@username00009]

Sounds like you either are working part-time, outside the US, or both.

[@hermanlighthall3972]

Hi Rose, great content. Like you I suggest paying off your debts asap, so we can a little more breathing room to save, invest and have a little more fun. By the way how did someone so young become so wise?

[@lois4521]

As a European terrified of debt I can’t imagine having a credit card in debt, let alone 3??!!! How does that happen 😭

[@Kklkoko]

Can you please put chapters on each video? That would be very convenient. Thanks.

[@jameslevierge9480]

Thank you again Rose , for all the great info you give us all !

[@lilyslight2515]

I love the waterfall visual :) thank you for your help friend

[@jefferymccauley9548]

Hi Rose, Excellent video with both your wealth of financial knowledge, combined with the visual presentation with the shot glasses! Jeff

[@aliciaburbank9962]

This was one of my favorites! My story. Im 58 and my husband passed away 7 months ago. Unfortunately, we were not prepared. He paid into a pension but at the time of his passing, he was 55, not the required 60, and was vested 21 yrs and not the required 25. I'm only eligible for his rollover contribution refund. I also have a little extra. Can you explain the difference between a Roth and regular ira? Also. Should I place the refund and the little extra in 2 separate ira's or one? Or put them in a high yield savings account? Id love your opinion. Thanks

[@itsrosehan]

Sorry to hear about your husband :( You might find this free guide helpful for deciding which accounts to open and difference between regular/roth IRA: rosehan.com/ultimateguide As for what to do with the extra funds, I say follow the 8 places that I talk about in the video! Also keep in mind that an IRA is just an account, not an investment, so once you put money in there don’t forget to take the final step to actually INVEST that money. I have a good video on that here: How to Start Investing for Beginners (step-by-step) kzbin.info/www/bejne/mZ_Nn32Pp5Jrms0

[@Jmwamuchemi]

I started saving my goals with saving insurance, it's a good move. Start it ❤ I don't have debts or anything that I need to pay on a monthly basis

[@Mykie222]

Thank you for this! Im trying to learn money more so i can be more confident in my finances and this made it simple for me .money is do complex and i get confused alot so thank you!

[@Tunapie]

Good video. I think I’m doing most of the things here. Esp with retirement plan and investments. Important is paying debts after I pay all the bills and needs. I just need to work on the emergency fund outside of what I make with my investments.

[@Mariahöp23]

I had problem comprehending trading in general. I tried watching other KZbin trading channels, but they made the concepts more complicated. I was almost giving up until when i discovered content and explain everything in detail. The videos are easy to follow

[@johnnyb1329]

I like this idea. I was doing the 50-30-20 rule.

[@worldfoodonedish]

Great info as always Rose. Thank you for sharing. You sharing your knowledge and experience is invaluable to everyone willing to listen. Ì wish I knew then, what I know know. So thank you so much

[@demetriusfields59]

Great insight! Thanks for sharing!

[@blanca.j.rodriguez]

My husband and I take home $10,000 a month, and we only give ourselves $500 each to spend on whatever we want. It's do-able....how? Stop eating out!!

[@nathanmills375]

i gotta figure out how to get 10 k a month haha, thats my prob

[@meghanr1209]

Not a common case…

[@Seeitall728]

If you think I have time to go and eat out after working three jobs you’re wrong

[@mariesanders7888]

@Rose Han Can you make a simpler video like this for people who only make $800-$1000 biweekly and have children?

[@barbarawright343]

What do you think about calling the credit card company and negotiate a settlement?

[@nathaleclarke]

I think something I do is tithes first then bills keeping in mind needs such as gas and food being the smallest thing

[@gnd333]

I love visual examples, thank you!!

[@lapalomentolife]

Thanks so much! These are great tips and very visual!

[@ann-mariemeurs952]

We have superannuation in Australia. Its compulsory for every employer to pay their employees. We cant access it until the retirement age which has been changed from 65 to 67. It seems to be the same as a 401k.

[@danielbyler2086]

Thank you, Rose we love you

[@layroca9996]

Rose, thank you so much for your transparency and mentality on how to manage money, it has helped me a ton!!

[@cynlynhn1]

Very helpful! I opened up the high yield savings account immediately. Thank you!!

[@muyiwaoyewale8439]

Totally love this Rose!!!

[@GingerlesSoul]

Thank you for such an informed but humble bit of information. I wish that adulting was taught in school or, at a minimum, through my parents, but it wasn't. They lived / paid bills / took care of us the only way they learned how which means my brother and I adulted the only way we learned how. At 52, I struggle with, even, novel concepts like explained in this video. I'm so disappointed in the state of my finances and even more overwhelmed in trying to fix the issues. I have done lots of research, but understanding the topics and concepts can be extremely difficult and defeating. I appreciate the simplicity of your suggestions and the non-judgmental message to the individual watching. This made me realize that getting my finances healthy may be difficult, but it's not impossible. I know it will take time and sacrifices in the short-term, but it's achievable, and it's not too late. Thank you.

[@Desert_Fox.]

Needs, debt, retirement, retirement investments, investments, self investment, goals, wants

[@jamesahoney]

Love the waterfall visual, thank you for this!

[@haileefebres7031]

Thank you so much for this video, it is the best one I have found on this topic. I am thankful for you!!

[@Madchris8828]

Great explanation for an HSA. Seems a lot of folks never talk about them either

[@winterheat]

That’s good. The education I had was not to have any WANTS and I think: how is it possible, and I may go the opposite way and spend too much. So here we can deal with financial goals first, and then meet some wants, and that will work

[@thomassanfrancisco5850]

Complete, concise, and crystal clear.

[@vanyajain8379]

I just set my accounts up in that manner and scheduled automated flow for each in that precedence. Thanks for the great analogy :)

[@awhyee]

So true! I started doing this in getting the habit of paying myself first and that really helps!

[@neilfraser1235]

Must be nice to get a paycheck for $5000. How on earth is that amount relatable to the average person.

[@TheLifeLounge]

They may have been “the average person” prior.

[@cherizeaustin0816]

Indeed ❤😂 always clueless about real families real folks with health and dependent challenges I can save a few $ only 5-10 that’s all life isn’t always simple as just throw 2000 $in 😳😳😳

[@nathaleclarke]

Yooooo

[@menumlor9432]

Sounds like victimhood. That's why every situation is unique. I get paid 3500 a month, and yet I'm well off.

[@WluvGiGi00]

Notice how they always ignore these comments

[@omgitsmeginbailey]

One thing I will say is that a high yield savings in today’s economy is almost non-existent. CD specials and interest bearing checking accounts are going to yield the most interest. And even then, your high interest checking accounts have lots of rules in order to earn the interest. Dont let interest bearing be your forefront when starting out your savings. Work to build up the funds to then put in a CD or money market

[@charlieann6321]

Mortgage in Australia is 6.49%! This is extremely hard as a single parent! Never lending family or friends ever again! They never repay and I got stuck paying my bills. Looking after myself moving forward. Being generous hurt me badly.

[@kirklugg82]

Thanks so much for sharing this useful information ,I find it very helpful. It's nice that this information is coming from you, because you use the same method To become financially independent We need more people like you. Thanks again.

[@amaly9348]

really helpful and motivating, thxs for great content!

[@ms.fields4452]

You are awesome!! You have such a refreshing take on finance.

[@kasrox3021]

In your example of a $5,000 paycheck, why not put more towards maxing out your retirement 401k instead of personal investment?

[@gen_1771]

Should I get a life insurance with retirement benefit or just put a certain amount in a retirement fund in a bank?

[@vicentedomingo4068]

Excellent video. Would you explain how the solo 401k work. Please. Thanks❤

[@Shakashack2022]

🙋🏼‍♀️Yes same, please explain. I’ve not heard of a solo 401K.

[@eliermaxwell5910]

good job rose your hair looks great

[@infofromBeKind]

can you tell me more about HSAs? I've only used them if they were offered as part of my companies insurance plans, but I always had to use any saved funds by the end of the year. You can open your own account?

[@kamirahimani]

This provided so much insight, however, I'm left with one question: How do I go about saving for large wants like a new ipad pro or vinyl wrap for my car ?

[@itsrosehan]

That would go in the last bucket #8 Wants! Of course it's your choice how much you want to prioritize that over any of the previous buckets, but definitely at least have buckets #1-3 (needs, emergency fund, credit card debt) taken care of before allocating money to big discretionary purchases like that!

[@patrickmorton1187]

This was informative and fun to watch, I like the demonstration you presented. I think this will help many people with their finances, thank you 🎉.

[@siilver1]

Rose Han is definitely MY BIGGEST AND THE LUCKIEST DISCOVERY OF 2024 🍀🌈 It is with YOU that I started my financial learnings! Although I knew You exists there from around 2023 because of my constant KZbin recommendations it was not until this year that I actually started watching you! . Also it was a great video thank you ♥️ . . . 14th may 2024 at 7:39 p.m. Tuesday

[@TennisTD]

This is great. Simple but profound

[@jerryingram9540]

Hi Rose I don't see which companies you're talking about to start a Roth IRA. Also, is Fidelity a good brokerage company to go with?

[@EllieR52]

Should I max 401k yearly contribution or invest in taxable brokerage first?

[@naturallynae2378]

Your content is everything!!! Keep it coming nothing like a good binge watch.. always so motivating and lets me know I’m never late and right on time😊

[@biancagador]

so is it better to focus first on building your emergency funds first before paying the cc fully?

[@sherineill6630]

It’s impossible to keep needs under 50% Most people have to work 2 jobs to survive

[@davewhite756]

4:19 that was the interest

[@vix4227]

Honestly 😂

[@punisher6659]

Thanks for your content.

[@stevenlerner5515]

this was an amazing video. thanks for the info

[@Creastika]

I’m under 2000€ per month. I don’t have 2500 to spend on needs, more like 1100 for bills and rent alone But I have everything I need so I’m not complaining.

[@donnalofton7988]

That was excellent information!

[@UrGurlLua]

I been trying to do this for some time now, i have two pots right now one for saving to buy a house and one for emergency, but want to take from, i guess it would be my emergency savings and start an index fund so i can have some investments, on unemployed right now but hoping when i get another job i can start a Roth Ira