Do This EVERY Time You Get Paid (Paycheck Routine)

[@marktilbury]

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[@timaioalai1337]

Mark I need help😢

[@timaioalai1337]

Can you help me😢

[@joes4690]

I am 34 years live in the US and wanting to open a Roth IRA account .. Any advise? thank you so much

[@iplayvayne9769]

Has anyone else had trouble with the code. I tried a few times and also tried capital letters with no success

[@jeremygebrael]

@@iplayvayne9769 same i just tried and no luck lol

[@shawng4886]

My paycheck rules…. -Bills first, ALWAYS! -Minimum of $100 in my investment account but I usually put $200 or more in there. -$100 into my “fun” or “whatever the hell I want” account. Because not rewarding yourself for all your hard work is just bullshit. Gotta enjoy a little! Whatever is left just sits in my “spendable” account and is used as needed. I feel like I’m pretty damn good at not spending carelessly. I usually have 70-80% of my “spendable” money carry over to next paycheck. I WISH I was this financially responsible on my 20s….

[@tommymack3210]

Nice, why not invest more?

[@HankBaxter]

Is this per week or per month?

[@shawng4886]

@@HankBaxter I’m paid weekly.

[@shawng4886]

@@tommymack3210 I could and probably should, but I like to keep at least a $1,000 in my “spendable” account for whatever comes. It’s mostly just peace of mind so I sleep better lol

[@raizen21ss56]

I wish I had the opportunity to have made good money when I was in my 20s.

[@hkgenzou]

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 to about $1M over time?

[@cherry810803]

I think the safest strategy is to diversify investments. Like spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown.

[@Linda-pr]

Having an lnvestment 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 awhile now mostly cause I lack the depth knowledge and mental fortitude to deal with these recurring market conditions, I nettd over $220K so far, that made it clear there's more to the market that we avg joes don't know

[@flair0626]

impressive gains! how can I get your advlsor please, if you dont mind me asking? I could really use a help as of now

[@NinJuice]

The 50-30-20 rule is impossible nowadays when rent alone is 40-50% of our income EXCLUDING utilities food and transportation

[@MrKeonGrayson]

Not if you downsize. Even here in Miami there is housing for $1200. With minimum wage at 13 dollars, it is easy to save and invest and cover all of your needs and still have fun money.

[@neil4542]

@@MrKeonGraysoncorrection, it is not EASY, but it is doable

[@tjboylan20]

@@MrKeonGraysonin Miami if you pay $1200 it’s not good housing at all, I am in Melbourne and single family homes don’t exist under $2000 a month

[@LuckyCharms777]

Nope, rent is only that high if you choose it to be. Roommates has always been a great solution for cheaper rent, but nowadays everyone feels entitled to live alone in a nice house/apartment. Another option is to live with family/parents as your roommates. It was previously very common for people to live in multi-generational households, and it helps everyone to afford housing and provides communal support. It’s still very popular among some ethnicities/sub-cultures in the US. Once again, nowadays people feel entitled to live alone, and would rather live large than save money. For the majority of us, poverty is truly about the choices we make.

[@nathanhendrickson790]

@@LuckyCharms777 roommates are impossible than me there are only two people in the world I trust to be in the same house or apartment with me when I sleep and both of them are living with their significant other. If I live with you I need to trust you with my life

[@Diminisherrr]

1200$/month for bills? WOW that would be amazing! I would say my current living standards are quite average and my essential bills are 2400$/month. That's what I HAVE to spend to survive.

[@bjolly8924]

That's right about where I'm at as well.

[@B4TNetwork126]

2400$ why?

[@tenzinchoerab3061]

​@B4TNetwork126 if you live in a liberal city everything is expensive asf.

[@B4TNetwork126]

@@tenzinchoerab3061 Makes perfect sense

[@beaubellamy2999]

I was thinking the same thing lol. The national average monthly mortgage is like $1,800/month.

[@elsayedmohamed4422]

Here is a summary of the paycheck routine I understood from the video: 50% to pay for wants and needs. Divide as follows: half of it (ideally) for needs (things you have to pay) such as rent/mortgage, insurance, bills, utilities the rest for wants (things that make you happier) such as travel, subscriptions, restaurants, golf, ... 50% to invest. Divide as follows: 20% to save for emergencies in a high interest savings account 30% to pay hight interest debt such as credit card, loans, ... 35-40% for low risk investment , use a tax-free account to invest in an index fund 5-10% for high risk investment such as a business or a side hustle 5% for very hight risk investment (such as crypto)

[@AryanPeram-tk2lh]

I'm a teenager now but once I'm earning, I will implement this.

[@bygraceonly182]

Do odd jobs and start now🎉

[@AryanPeram-tk2lh]

@@bygraceonly182 Yeah I'm thinking about that, probably a weekend job.

[@youngymontana4631]

Great bro

[@ighsaanbergstedt1967]

​@bygraceonly182 definitely agree on that, I got my first small job at 16, best choice I've ever made.

[@TheGermanNamedJames]

Yup same here also a teen

[@mrernestthompson]

SO AMAZING! Pay rent. Pay for food. Pay for transport... wait no more money left.

[@shadedrob137]

Exactly. 😮‍💨

[@javierpda]

His method is valid, his numbers completely wrong. 25% or even 50% baseline is just a fantasy unless you are rich enough in first place

[@vehementi8497]

@@javierpda It's not fantasy at all, 25/50% baseline you calculate from your own income, regardless of what your income is. If you can't manage that but instead prefer to use the 'rich' card, the issue is you, not someone who's worked hard, managed their finances properly.

[@nicowolf2757]

@@vehementi8497 “if you can’t manage that” no dude, the “middle class” cannot manage the housing, food & health care market in America right now. Saving 25-50% of your income in an economy that stretches your last dollar till your NEXT paycheck is not realistic for most Americans. The rich card is more about privilege & yours is showing a little too much buddy.

[@SL-be7zh]

⁠@@vehementi8497sorry but what world are you living in? He just said 1200 for rent and utilities. Let’s say London, 1300 standard rent, 170 for council tax, 100 min for fuel. That’s already about 1600. Food is at least 100 a week if you shop at Aldi. That’s 2000a month total. Phone bill, internet, water another 100. Car insurance or travel to work weekly is at least £50 and that’s without a car lease (which I don’t have but let’s say a lot of people do) if that’s baseline living costs at 25% we are talking a monthly wage of 9100 after taxes. Even at 50% we are talking 4.6k, which a lot of people do not earn monthly, so please don’t talk nonsense.

[@thetrumansburgproject]

I used to think my Dad was crazy. He'd say things like "It's not what you earn, it's what you save that counts." Simple? Sure. But I appreciate the wisdom included much more now that I'm older.

[@hihunter7]

Our fathers always seem more wise the older we get. Funny how that works. As a teenager you find them annoying, but as an adult you realize how right they always are.

[@Whydoyoureadme]

My father is the opposite "you can't spend if you don't earn, and if you don't spend you can't invest!" He says while going out to eat for the 5th time this month after renting for the last 25 years.

[@JoshuaKevinPerry]

It's what you invest.

[@Constitution1789]

How did your dad save for retirement? Did he leave you a nice nest egg?

[@sagespath6112]

@@thetrumansburgproject yes and no. Cuz if you save every year guess what inflation also goes up every year. So your moneys actually losing a little value every year it’s just saved unless your account gives you an apy

[@LaHaiVan]

The fact that nobody talks about the forbidden book The Mystic Labyrinth on Vexoner speaks volumes about how people are stuck in a trance

[@SolisticPain]

Scam

[@shortbow735]

Me when I make spam bots to advertise my shit :

[@AntswestAus]

The fact that nobody talks about the fact that this is a bot trying to sell you someone’s book speaks volumes about how people are stuck in a trance

[@sylsuthss]

I am aware their is a number of young viewers on here in the comment section. Please do not follow these scammers suggesting individuals that assisted them creating for example 16k to 200k within a month and so on. Really wish KZbin would do something about these bots as its an ongoing matter as innocent folks are still falling for these stupid traps and losing everthing.

[@CK-mx7rc]

He’s spitting facts

[@RachelSings21]

This! I call them out where I see them but obviously can’t catch them all

[@hardcoregym7316]

He is talking facts...

[@jumentoqueanima]

Don't worry dude! :) We ain't falling for that crap.

[@sony-hq3uz]

Totally agree with you bro

[@EmilyJustine-i]

The campaign shenanigans from both the red party and blue party is exactly what is stirring up this market panic. I have a little over 250k i wanted to put in the markets but I don’t know what direction to head now.

[@SloanJane-xp4kr]

the next big thing will be A.I. For enduring growth akin to META, it's vital to avoid impulsive decisions driven by short-term fluctuations. Prioritize patience and a long-term perspective most importantly consider financial advisory for informed buying and selling decisions.

[@RoseBerlin-]

This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation

[@ChrisThomas-m6q]

She appears to be well-educated and well-read. I ran an onlline search on her name and came across her webslte; thank you for sharing. I sccheduled a caII..

[@JohnMontenegro-pl1nc]

She is mostly on telegrams too

[@CaramelColored]

Stop bragging and then maybe people would give a fuck.

[@highonhorror3296]

The dumbest thing I blow money on, is Door dash. 30, 40, 60 bucks multiple times a week. I can save so much money if I break that habit.

[@ggvffggyfdfgujjhhggxxxxghyhhg]

Simply delete this app and try to cook at home mate

[@borris542]

Good luck it realy does save hundreds I cut back and I feel better for it

[@Vasudeva108.]

Go and get it better save $$.

[@callmeishmaelk767]

Just do door dash every two weeks. It will feel like the treat it is. Buy some cans of chef Boyardee for those "I need something now" cravings. 😂

[@mdash5381]

What is door dash?

[@TheBlueCollarBaller]

Rent and utilities only $1200/mo?? wtf where does this guy live because I’m fkn moving TODAY 😂😂😂

[@ankitaaarya]

He said its bare minimum, not only 1200

[@gobrizzy3615]

@@ankitaaaryathat’s not bare minimum it’s more like 2500

[@vurroria]

Texas, Arkansas

[@aaronst.julien1391]

Facts!😂

[@SammyBoe]

He lives in the UK so 1200 pounds is $1500+ United States dollars

[@jackoloki]

My favorite thing about this channel is practical application. Something a lot of financial sources these days lack.

[@MellisaAdam]

I'm thinking to put some cash in stocks, I was at Salt Shack and i overheard some friends saying its ripe enough, but Is this a good time to buy stocks? I’ve been sitting on over $545K equity from a home sale and I’m not sure where to go from here, is it a good time to buy into stocks or do I wait for another opportunity?

[@HarryWalter77]

I agree, just because the market presents opportunities doesn't mean we should rush in headfirst. For this reason, we should look for appropriate market analysis or guidance or, alternatively, seek advice from certified market strategists.

[@Maryesther1]

I've been able to scale from $350K to $920K this season because my FA figured out Defensive strategies to protect my portfolio and profit from this roller coaster market.

[@HelenToner]

One of my goals is to employ the service of one this year. Could you recommend who it is you work with?

[@Maryesther1]

The decision on when to pick an Adviser is a very personal one. I take guidance from “Susan Kay Mack” to meet my growth goals and avoid mistakes, she's well-qualified and her page can be easily found on the net.

[@JimGreenfield]

Thank you for this tip. It was easy to find your FA on the web, Did my due diligence on her before reaching out to her. She seems proficient considering her résumé.

[@angelabyrne154]

Oh dear Mark. I’m mortgage free and even I can’t get my needs at 25%! Utilities/ insurance are more than that in this day and age - and that’s with getting the cheapest quotes.

[@AwakenWealth999]

This video is packed with practical advice! Breaking down the paycheck routine into manageable steps is such a game changer.

[@JuneGrant-l9w]

Oops sorry…… needs $1200 per month my rent alone is that per month, harder when your earnings are $2500 p/m before tax and running a car which I need for the job. Don’t drink don’t smoke good health (which is part of my wealth) I’m 62 solo female not that easy but will try harder. Gosh life goes so fast.

[@_3rd]

It seems to be exactly the same thing in the UK; house rent: £1200, council tax: £180, water bill: £50, gas&electricity: £100 (during winter time about £300), home insurance: £20 so you are ending up with £1550-£1750 just to have a place to live. On top of these is Internet, phone bill, road tax, car insurance, personal insurance, and still no ‘wants’ - just to survive you have to earn at least £19/h. If you are on a minimum wage (£11.44p/h), all you can afford is a room rented, and a food. Of course I am talking about working full time, no overtime. Ridiculous.

[@FromKittyHell]

You're doing an amazing job given your circumstances.

[@dongordito00]

​@@_3rdwhat is councel tax?

[@_3rd]

@@dongordito00- it is kind of property tax. It covers waste collection, area management, Police funding, etc.

[@Andreavince-v]

As an lnvesting enthusiast, I often wonder how top level investors are able to become millionaires off investing. . I’ve been sitting on over $545K equity from a home sale and I’m not sure where to go from here, is it a good time to buy into stocks or do I wait for another opportunity?.

[@CharlesT.Foster]

well as you know bigger risk, bigger results, but such impeccable high-value trades are often carried out by pros.

[@KarenJ.Mancia]

People dismiss the importance of advisors until they are burned by their own emotions. I remember a couple of summers ago, following my lengthy divorce, I needed a good boost to assist my business stay alive, so I looked for qualified consultants and came across someone with the highest qualifications. She has helped me raise my reserve from $275k to $850k, despite inflation.

[@StephanieG.Augustus]

How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?.

[@KarenJ.Mancia]

''STACY LYNN STAPLES’' a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market

[@JasonB.Chisolm]

We Are in Unchartered Financial Waters! every day we encounter challenges that have become the new standard. Although we previously perceived it as a crisis, we now acknowledge it as the new normal and must adapt accordingly. Given the current economic difficulties that the country is experiencing in 2024, how can we enhance our earnings during this period of adjustment? I cannot let my $680,000 savings vanish after putting in so much effort to accumulate them..

[@viktormihailov650]

why no one talks about ishowspeed at 5:42

[@ToastCrumbsUK]

3 million subs! You really deserve it Mark, I’m sure that so many agree 🎉🎉🎉

[@matanyaholmes3964]

I guess I'm so frugal because I enjoy home made food, only shop for new clothing if I must, and save over 70 percent of my paycheck. Its become so natural for me I dont even think twice about it

[@OGCrypto33]

Same, I live off grid so what I'd pay in rent, gets invested.

[@Blueram99]

Same

[@khadijasaleh9507]

Wow that sounds like something my Mom would do

[@Mujcanal]

Good philosophy

[@halfbakedproductions7887]

I don't see the point in hoarding wealth in this way if you're not willing to spend some of it, though. Why be a millionaire and live out of charity shops? What was the point in becoming a millionaire?

[@TeriyakiTakeout]

It’s nuts here… WA State, US, cheapest apartments are 2k even in the countryside… gas is $4.50 a gallon… food is insanely high priced… hard to save anything.

[@PierceJPeterson]

That jukebox in the background is fire

[@adhhilmagnifico]

bro didn't pay attention to the video but to the background😂 (i'm joking obviusly)

[@YuliqMadiq420]

That jukebox is a ‘want’

[@Deeone_23]

😂😂😂

[@GillerHeston]

Invest judiciously, keep a stop loss figure. Shuffle between debt and equity wherever the ratio goes too off your target. As for the target, I recommend a Ratio like this Debt % should be equal to your age in years. If you are 20, debt is 20%, reset in equity. If the market falls or rises drastically, your debt % will change, which you should rebalance to 20% and bring back equity to 80%. Thus you would have bought low or booked profit depending on if it was a crash or a bull run.

[@joshbarney114]

It really isn’t about how much you save, it’s about how you manage your money. Whether you work to earn income or invest, it still boils down to income vs expenses, so yeah you may look into investment advisors for a strategy that suits your timing.

[@rogerwheelers4322]

This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800,000.

[@FabioOdelega876]

I think this is something I should do, but I've been stalling for a long time now. I don't really know which firm to work with; I feel they are all the same but it seems you’ve got it all worked out with the firm you work with so i surely wouldn’t mind a recommendation.

[@rogerwheelers4322]

Finding financial advisors like Marisa Breton Dollard who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.

[@FabioOdelega876]

Marisa has the appearance of being a great authority in her profession. I looked her up online and found her website, which I reviewed and went through to learn more about her credentials, academic background, and employment. She has a fiduciary duty to protect my best interests. I sent her an email outlining my objectives and also booked a session with her; thanks for sharing.

[@AntonioPrestige]

I've been looking into cryptocurrency investments, but I'm still unsure about the best and safest way to go about it. Any advice or insights you could share?

[@HarryRodriguez-uh8gn]

Talking to an expert like Maren Hilda Arthurs to reshape your portfolio is a very smart move.

[@AntonioPrestige]

Who's she please

[@AlbertRossman]

I'm realy interested in investing

[@MosesGabbs]

​@@HarryRodriguez-uh8gnThat lady Is a genius

[@HarryRodriguez-uh8gn]

​@@AntonioPrestigeShe's a legit expert I found on CNBC news where she was interviewed

[@RiosCosma]

Success depends on the actions or steps you take to achieve it. Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Financial management is a crucial topic that most tend to shy away from, and ends up haunting them in the near future.., I pray that anyone who reads this will be successful in life!!

[@Mzefirov]

You're correct!! I make a lot of money without relying on the government, Investing in stocks and digital currencies is beneficial at this moment.

[@ivafoot2786]

Im teenager and i already work a couple of times a week so im happy to be able to start implementing this man's ideas. Thank you for the video!

[@blckmlr7573]

My father gave me pretty much the same advice, and has always told me to put in 15%-20% of my paycheck into my savings.

[@Triobian]

2:33 I didn't realize this dude was a comedian

[@Orto4956]

Eh my states about 1400 so its not too far off

[@michaelsanders7484]

I live in a very rural state where the COI is pretty low. And even then, an apartment in town will probably cost you 900+. 1200 needs is a hard number to get to if your renting. A mortgage is actually way cheaper.

[@Tiki_Boy]

I don't even have to rewind to know what you're referring to lmao

[@FastlanetoFreedom]

😂

[@dementedm00cow27]

That’s only rent and utility costs now day 2024

[@Tnks4cmin]

My strategy is to invest 25% of my income in the stock market monthly and hold for at least 5 years. Recently, my portfolio took a major hit, with about $150k in losses. What should I do?

[@livia-s6t]

No doubt, having the right plan is invaluable, my portfolio is well-matched for every season of the market and recently hit 100% rise from early last year. I and my CFP are working on a 7 figure ballpark goal, tho this could take till Q4 2024.

[@livia-s6t]

I have stuck with the popularly ‘’Marissa Lynn Babula” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.

[@stevewatchesvideos]

Invest in Pokemon cards instead

[@BeyondTheIslands]

It is not a loss until you cash out. You are holding for 5+ years as per your plan, just wait some more. On a big enough scale, market is trending up and to the right anyway.

[@dpchief_216]

If your portfolio is diverse enough, then you can think of it as your stocks are on sale this month, so when you eventually rebound you get some higher returns on this month’s investment. If there’s a massive enough dip, then the only stocks I would be investing in would be something low volatility that follows the market.

[@dynestis2875]

Thanks again, internet grandpa! Out of my €3200 paycheck, only about €400 really goes into "wants". The rest goes into "needs" such as mortgage, savings and investments. I find that the self-imposed lack of money for "wants" makes me appreciate the small and free things in life way more, so that's an unintentional benefit.

[@harrydelaney6623]

a week?

[@dynestis2875]

@@harrydelaney6623 it is a monthly paycheck, why?

[@NocturnalTurtle01]

I'm thinking per month ​@@harrydelaney6623

[@cocofluff]

You need to make more money. Ask for a raise, get a job part time, sell stuff online, anything.

[@dynestis2875]

@@cocofluff no I don't need more money, what the heck are you even talking about. Also, I work 80 hours a week in the army so how about you take a nice hut cup of shutting it?

[@DeerHunterDanOfficial]

Im 14 and work on a farm. Worked most of the summer and racked up the money now work after school. I think its decent enough pay. Ill be buying a truck pretty soon and dont even have liscence! Best part is that I dont have to pay for 'needs' since I dont have any!

[@SammyBoe]

Good job, building wealth when you have little to no needs is a great way to ahead

[@jackbarron4097]

As a young man in my early 20s, I've always struggled with knowing how to budget, looking to fri3nds and family when im in a tight spot, but I always pay them back as soon as the next pay day comes. I think this will help me overcome alot of this anxiety and hopefully be able to support myself and family in future :) appreciate the advice 👍👍

[@shadowreaper5413]

Best of luck man!

[@5763-u4e]

I pray that you are able to navigate your finances better now, it's very hard when you are young,I wish you well🙏

[@irico4268]

I feel you man, I'm currently 21 and kicked out of college due to a lot of issues ongoing with my father's health. I understand it's anxious but we will both figure it out dont worry man 🙏

[@golfdude6]

Mark - a totally brilliant video which I will be sharing with my daughter. More of these please. Thank you.

[@latinasreact552]

Damn both the thumbnail and new studio looks fire🔥 Team really worked hard on this one Mark

[@therandomer285]

I'm 17 and just got a Job 2 days ago so this video came out at the perfect time I also watch your other videos and love your tips my dream is also to become a multi millionaire

[@marktilbury]

Hi, Good luck my friend, remember you have so much time to make your money, as long as you start young. I wish I had started an index fund at 17, Wow 🤩. thanks for watching MT 😎

[@sleepconcentrationmeditation]

A compound interest calculator is a must for anyone

[@jaydonwinger9869]

It's crazy how you're teaching just basic financial literacy. It's good stuff. They need to require this in school.

[@timmyg316]

I think he loses everyone at 2:32

[@justsmirm]

XDD 2:31

[@tuxedot7949]

2:34 I stopped at 😂 bore off , how funny , remember health is wealth ! ❤

[@emilymares9623]

Basic needs for a month being 1200 is crazy

[@R.G.Fitness]

😅

[@jordyfficiel6488]

That’s why you’ll stay the same. Learn from millionaires and take it as an example so that you can make it in other way but still get the income you need! Becoming a millionaire is easy. You’re just too lazy

[@EUCashCompass]

It is WILD how much these "little" daily needs build up over time and take up so much of our budget

[@EmmaJohnson-nz1rs]

Creating wealth entails establishing positive routines, such as consistently setting aside funds at regular intervals for sound investments. Financial management is a vital subject that many avoid, often leading to future regrets.

[@Nzh-j2z]

Indeed, currently I'm managing my finances wisely and being frugal. In the last 19 months, my investments grew by 43%, adding over $650K in profits. However, I've had losses in the past month, making me anxious. I'm unsure whether to sell everything or wait.

[@alcubierre-drive]

Many people don’t even realize it’s something they can and should do, so it’s even worse than average, it’s pure ignorance or lack of education

[@TimTheChristian]

My finance teacher from way back when used to call the "emergency fund" a "GOK fund." That stands for "God only knows," and it helps in deciphering what may count as an emergency and what may not.

[@InvestorAndrej]

HAHAHA thats genius

[@stevegonzales527]

Saving money is a hard concept for people. Every purchase i decide “is this worth the time I spent to make this money”. Got my 2nd business 2 weeks ago and still consider what I spend money now. Have a paid off home, no car debts, and working on my 2nd property that’ll be paid off in cash not a finance.

[@InvestorAndrej]

That's awesome I am happy for you!

[@happylesszer0857]

I’m that one in five and I’m homeless at the moment just found this Chanel hopefully I can make a life my son will be proud of that’s all I want in this life

[@latinasreact552]

As always Mark video is fire🔥 Thank you!

[@Resilienze]

Very informative I wish I could sit down with someone to talk about these things and help figure out financial

[@TheRealBigYang]

00:18 It's actually $10 001, or $10 028.4 if it's a leap year.

[@stinkybevah4361]

Well $9897 bc weekends

[@Real28]

No, because he's counting workdays as weekends. It's closer to 7k. It's bullshit incorrect and misleading math.

[@adriansovrea7487]

Wow… that’s gonna change my life :) thanks for that. So it’s not 10.000…it’s 10.001… Alright…thanks for this valuable information!

[@KorruptorGaming]

A way to pay off debt he doesn’t mention is a more efficient “snowball method”. Start with either the highest payment, highest interest, or smallest debt then every time one is paid off you put that debt’s payment towards the next debt on top of the percentage you would have put forth before. You were already going to be paying it anyway, put it towards the next debt to knock it down faster. Once the next one is paid off put that payment amount towards the next debt on top of the previous, so on and so forth. You’ll cut down on the time required and the interest regardless of where you start.

[@RonaldGong-c4b]

I'm a 38 year old 600lb single man with 13 cats and 15 hamsters[I used to have 28 but the cats got to em] and this advice saved me from my diabetes because twinkies were definitely a want and now that I'm investing my twinkle money into Roth IRA my blood glucose levels are in tip top shape. Also now I'm debt free

[@spudo6]

Nah but twinkies taste nicer that money

[@1machoguerrereo508]

Poor hamsters 🐹 😢

[@mathixvw]

My insurances are in my "wants". Thus, now I take only the minimal legal requirements in insurance, and I put the difference with greater ones on a dedicated budget. For instance, I take only a civil responsibility insurance for the car, which covers me for the damage I'd make to others, and I save the difference in money with a full-cover insurance. When my car gets crashed I repair it using the money spared that way. The principle is easy : insurance win money based on statistics : you pay more to them than the damage you need them to cover for you (especially if you're careful and never actually use them). Thus, it is, on the long run, more efficient to pay yourself the equivalent of the greater insurance to make a pool to cover yourself. Also, when you have an issue involving an insurance to cover, they usually make it so they end up not covering you anyway. That method allows me to spare a whole new car every 5 years through insurance earning

[@_3rd]

It does not make a difference in the UK: about same price for a full comprehensive and a third party only.

[@mrbogardmusic]

This guy's got some really helpful practical advice, & it's small easy stuff that when they add up should make a huge difference. So THANK YOU!!!!!

[@ErikkaCunham]

Amazing content! I have been following your videos for sometime now, consistently kicking down Wall Street doors for two years now, I have over $320k in stocks. Currently, my portfolio is down by 15%. Wondering if they're any short term opportunities I can invest in.

[@IsabelConchita]

I agree that there are strategies that could be put in place for solid gains regardless of economy or market condition, but such executions are usually carried out by investment experts or advisors with experience

[@StalinGrabovsky]

I stopped listening and taking financial advise from these KZbinrs, because at the end of the day, I end up with a bunch of confusing stocks without knowing when to take profit, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.

[@PierreBailey3]

Glad to have stumbled on this comment, Please who is the consultant that assist you and if you don't mind, how do I get in touch with them?

[@StalinGrabovsky]

Elisse Laparche Ewing is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

[@StalinUndav]

She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.

[@gregoriusevert3004]

Thank you good sir, I'm 22 and currently working on graduating college. Perfect time to watch this especially bcs I'll be looking for a job soon. Hope you're well and healthy

[@The-Rock-Pillow]

CONGRATS ON 3 MILLION SUBS

[@clayton1738]

Thanks mark you’ve given me a lot of confidence to face my financial problems and take back a bit of control to reach my goals. Keep it up mate

[@DannyHodge95]

Keeping 'Needs' to 25% sounds like such a silly target to me. Average monthly income in the UK is £2300, while average rent is £1270. You've already passed 50%, without even considering ever rising utility/grocery costs.

[@Mmm-y5w8o]

Come to Australian it’s still expensive but the weather is better

[@adrianstockton5675]

​@@Mmm-y5w8o 😂😂

[@meridianline4022]

This guy is cracked out what world is he living in

[@phoephoe795]

Ditch liquid shower gels and get a block of soap, cleans you just as good while being both cheaper to by than a bottle of gel and lasting a lot longer.

[@ZlatniPlast]

Or just use water and go caveman scent. Women will like you in an animal way and you will make other males run away from you. Lol

[@tanmaysai5961]

Mark - you’re a legend. No other words, thanks for all the advice and videos like these. 👍

[@lopezerco6163]

I’m gonna try the s&p experiment and hopefully comment my return in a year from now and I’ll be putting $10 a day into it which is a total of about $2600 and an estimated $330 return. Currently I’ve been locking my money away in CDs and getting 4.5% back every 8 months.

[@priyanshjindal2047]

First! Mike you are a great youtuber i have always aspired to be a man like you, i will surely try to be on a podcast with you

[@GUNNER67akaKelt]

Mark.

[@phicsvinci]

I also will, that's a beautiful goal

[@israchido5708]

I'll try this, as I just got my first job this year and still live with my parents, I'll just save up into a savings account until I get that 5-6 months baseline (the baseline being the cash needed for food, rent... just in case I need to travel for a nice job opportunity or even an emergency), then I'll start looking into how to invest my money ^^

[@Numbnut_]

as a 15 year old getting my first paycheck in a couple of days very helpful! Thanks Mark!

[@5763-u4e]

Wow, well done to you😊 very wise for one so young. This made me smile. Bless you 🙏😊

[@Numbnut_]

@@5763-u4e haha thanks! I just want to ready for the future

[@rasmusturkka480]

@@5763-u4e my son is way wiser though, he started his own plantation at the age of 7 after I kicked him out of the house for playing with toys too much and not cooking for me enough

[@chiefgilray]

This is something that needs implementing into our education systems

[@gamerulsuprem753]

11:11 what to do if I am in Europe?

[@mattiecreates]

Im 37 and really wanting to take my debt and monies seriously now. I really appreciate you taking the time to share your knowledge with us.

[@johnboltz3591]

$1200/month is how much rent costs in a cheap place. Then add groceries, utilities, insurance, transportation (gas/maintenance). $2500/month isn't even possible right now

[@KevSal]

I found your channel and I love it. Thank you for sharing your insight, i get a genuine interest from you in helping others!

[@JVReySolos]

Has to be a sign, I get paid today

[@Oliverii]

got that starbucks yet me lad?

[@PeterTheodore91]

Just subbed an hour ago lol this is a good reminder for me. My dad literally did this for over 20 years, and during covid, although his income was lessened but still can afford to pay our family property taxes and utilities, also me and my siblings education abroad without problem. I regret I didn't start taking his advice seriously earlier (but hey nothing is to late). The only person who take my dad's advice seriously is my youngest brother, who is still a university student but own 2 businesses and recently he runs our late grandfather's spices business with my mother.

[@fps_getscoped5617]

Ishowspeed 5:48 lolllll

[@sigmamale69420-j]

Ikr😮

[@Jovany117]

I thought I was the only one that saw it😭

[@johnnypunish]

Mark, you are a teacher worthy of the highest respect. Thank you

[@GrooveGalaxy02]

I’m trying to start up a dropshipping business and am learning how to invest my earnings. You have been a huge help to me, and I deeply appreciate this content. Thanks Mark 🙏 Edit: im 14 btw

[@alexstadler5174]

Hi Mark, in regards to avalanche method, if you paid debt a in 13 months and need 5 more months for debt c, you will pay 18 months of interest at 15% per year; that makes it a total of +562. I haven’t included the compound interest, just the 15% for 18 months of initial sum. So about 1100 in interest fees and possibly another month for debt c because of the interest. Still cheaper than snowball of course

[@marktilbury]

Hi Alex, it was a very quick calculation, just to show the difference between the two methods. I agree it may not be 100% spot on, I thought the message was the most important. Thanks for watching. MT 😎

[@dearxdiary]

Thank you for being my internet Grandpa

[@dorcikonyhaja5564]

Business Grandpa

[@goldteeth]

Mark, awesome channel. Thanks for all of these tips, I’m excited to implement. You’re the man!

[@left_right_rooster]

shout out to T212! love their service

[@CharlotteGrayson-z3w]

I finally hit 20k today that's a personal record. Thank you for all the knowledge and nuggets you had thrown my way over the last months. Started with just 3k a month ago, 2024 is amazing!

[@jixerbeats384]

How?

[@Nako1997]

​@@jixerbeats384 she's talking bullshit. Wrote the same comment on another video 4 weeks ago where she said she hit with 80k and started with 9k two months ago

[@jixerbeats384]

@@Nako1997 i figured🤣 but my stupid ahh reads these comments and believes them when I know they be bullshitting

[@nelsongerald3545]

You sir a god sent saviour 🙏🏻

[@xavi7914]

As soon as I heard him saying my expenses should be 25% of my income I quit the video.

[@kerrydaniels8460]

He said try to keep it under 50% for needs. He just said preferably 25% if possible.

[@jcat1992]

Any advice for an investing platform for Australia? Thankyou

[@rachelonigirl]

My dividend journey began when I realized that two particular expenses in my budget were always going to go up and never go down. The two expenses were taxes and insurance. I realized that the dramatic rise in both will need some added income. So, I started buying shares paying dividends. I can now see that this will be the path I need to take to make sure those two expenses will not overtake my future income.

[@absurdj_]

bro what enabled you to be a millionaire is your generation not having to pay so much for rent and mortgage and not having a minimum pay that barely increased in the last couple of decades. im sorry, this is helpful but it just urked me as if paycheck routines were what really let your generation get millions for working factory jobs

[@davidmadden9379]

You’re right mate but I’m 45, got under $50 a day when I worked as a kid. My 22 year old son gets $600 a day now. Things change and wages have too. But what you say is correct too.

[@psychicvoid3512]

If that's not accounting for inflation value of the money earned and it's not the exact same job and exact same hours then that's not a good comparison

[@MrKostas3645]

Broke mentality

[@thaonguyenthu5033]

Recently, I've watch your videos and learnt lots of very useful knowledge. Thank you so much sir! Wish you all the best!

[@TheSonSet]

1:34 does anyone know what that device does?

[@maple_sticks5032]

I think it’s a glass whiteboard

[@Mrlauncher13]

That's a want, not a need Just saying if you're interested in it lol

[@business4sure-h9z]

Good paycheck routine ,i shared it with my parents so they can be financially responsible

[@rishisrikanth8877]

Speed be catching strays

[@jamesMccarty-t9g]

Awesome advice. I appreciate you sir!!!

[@Stray_cat5000]

I broken down my needs to 0 ..yes 0 ..I work In seasonal jobs that are in different countries,those jobs give me free housing and I eat at the cantina,no rent,no bills,I have national health insurance in all of those countries because I work legally and pay taxes to that country. So all I have in needs is a couple of flights a year...my wants category is limited because I'm a sort of introvert that doesn't go creazy about to much stuff...so my savings are growing steady and healthy every month by putting aside more then 75% of my salary, sometimes even the whole salary because I have money left over from the previous month for my wants . I'm assured for my old age already,but I can't stop doing this hack 😂it's just to easy.😁 just an ideea to the other people around the world...seek jobs that covers the most of your expenses in a foren country,the amount of money you will save is insane if you can control your spending on wants. Good luck saving everyone

[@mdoy5667]

We have to go to work and build things. Most people need to do productive jobs to provide for slack hacks that invade proper citizens

[@ryansiywa]

Glad this popped up on my feed! Really grateful for the wisdom.

[@tsimonson49]

If my needs were at 25% of my income that would be $875 lol. Rent alone is $1200 and groceries for a family of 4 is $900+ per month. I hate this world 😢

[@pooperscooper145]

@tsimonson49 He’s targeting an audience in their 20s here. Aim for 50-60% for needs

[@Braadslee]

I have been doing this since i was 21. And now i am the only one i know of my ages who owns their appartment. So yes. Pays off!

[@Akihito_Kanbara]

Rent, insurance, utilities, and other bills for only $1,200?! Where can I sign up to live in this fantasy world?!

[@Blahaj_IKEA]

Another thing to think about is that the US has higher wages and the EU has a lower cost of living. So if you have a job that's completely remote, you could try saving up to somewhere in the EU, while keeping your US based job. You may have to pay a fee to exchange the currency (since your employer would likely still only pay in USD), but you will still have a higher salary than most people in the EU. Do your own research before doing this because im not mentioning every detail here, but it is something to think about.

[@xmtch2501]

You are out of your mind if you think it’s normal to spend 25% of your monthly paycheck on your mortgage, bills, utilities etc…. I’m on minimum wage and I earn after tax around £1600 a month. £850 goes straight into mine and my partners mortgage, bills and food shop. After you said this, I stopped watching. So out of touch with the real world of today.

[@erbronx]

That's were the "you can increase your monthly income" thing comes in

[@ginge_9233]

For people with his mindset it is normal for it to be 25%, he’s not out of touch. It’s either an economic issue why your bills are 50% of your income or it’s because your content with the job you’re in.

[@napewnoniewadek2356]

I'm about to start full-time working after university. Will definitely try those methods.

[@n8nate]

£5 a day for a year is £1825. I see hes made money, but its a huge outlay for small returns. Not many average people can afford to put nearly £2k per year away. Im glad your son had fun with his "experiment" while that £2k could be the difference between staying fed or keeping the lights on for many working Britons. The Thatcher years of invest and earn vast wealth no longer exist for young people today.

[@HassanPoyo]

Victim mentality

[@Someart1025]

Is living in a camper good for saving money? Should i buy or rent it

[@BarredRock]

Rent Insurance bills and utilities only $1200?! 2:33 Dude’s insane

[@torq_or_morq]

Riiiiiight!