Everything I wish I knew about money when I was 20

If only I knew this when I was 20, I could've made A LOT more money...Hopefully you don't make the same finance mistakes as me and can utilize this money advice to get off to a smart financial start in your 20s.
Thanks the Alphil Guilaran from the Financial Literacy Counsel!
flci.ca/
Check us out on Patreon!
/ goalguys
Shop our favourite journals here:
Morning Sidekick Journal: habitnest.com/goalguys-msj
Nutrition Sidekick Journal: habitnest.com/goalguys-nsj
Meditation Sidekick Journal: habitnest.com/goalguys-medsj
Badass Body Goals Journal: habitnest.com/goalguys-bj
Weightlifting Gym Buddy Journal: habitnest.com/goalguys-wl
Get connected with us HERE:
Facebook:
/ goalguys
Instagram:
/ goalguysinsta
Twitter:
/ goalguys
Have a great week guys! Cheers.

[@GwilymJames]

Kudos for setting up that overhead shot at 0:17 for just a split second clip.

[@estetty]

Their cinematography has gotten so good

[@alexgraham3267]

This video is very timely indeed, as someone at University and starting to think about managing my money going forward. Thanks! 😊

[@WildDanHibiki]

Something I wish I knew when I was 20: - Save up for a deposit and buy property, any property. - Invest spare cash into an index fund

[@anjalik5038]

Just a student in their teens with no money or source of money but still found it extremely helpful as I can make my mindset from right now about my spendings when I do get money. Very helpful one❤️ Thank you for creating this video

[@mr_0n10n5]

Aye! I just got hired! Thankfully, I have no debt. This video came at the right time.

[@dannyclub09]

Love this channel! Very underrated.

[@ConnectionKiller]

Great Stuff! Keep these videos coming!

[@iainruss8711]

This is a great video and really interesting topic. You did an amazing job paying off all your student debt. In my 40s I found the audiobook of Dave Ramsey's "The Total Money Makeover" was a great starting point for working out what to focus on and how. The 15 per cent to pension and focusing on paying off the mortgage to live debt free was really helpful in planning these events years from when they arrive.

[@gargoyle5701]

As someone who is 20, thank you.

[@sayeauger]

Great video! I’m 28 yrs old. I hunkered down a few yrs ago and paid off our two vehicles 18 months before payoff date, paid off my student loans during the pandemic (not a single $ forgiven), and continued to increase investment opportunities. I currently invest 11% of my income from work into my 401k (4% matched from employer). I refinanced my 30 yr mortgage into a 15 yr and increased the amount i pay extra to principal by 100% with a goal to pay it off by 2028 (6.5-7 yrs early). All while we’re able to spend that 30% on wants like you mentioned. I also rerouted about 25% of my savings into the stock market and continue to add as I see fit. I fullly believe 85% of the battle is setting a goal within your means. The rest is left up to dedication to adhere to that goal. There’s so much i did right from the get go, but much more areas I did wrong. Keep asking and keep learning guys! Not everyone’s goals will fit yours.

[@samshand616]

Love how your production ideas evolve and change 👏 amazing content as always

[@Thatdamnasain]

I’m not too sure about everyone else but I think a video going more in depth about where to invest would be a great idea 💡 there’s so many ways to go and traps to fall into . Loving the content brotha ! Keep it up

[@jasielfelix1169]

Very insightful, hope y’all drop the full conversation Alphil!! Pls start a podcast about topics like these that go more in-depth. You’re a great moderator

[@bradleycoe8352]

always great content! appreciate your will power. "sensual cinema" too funny.

[@gmorales1134]

just came across your channel, instant subcription! quality content :)

[@curvedbearclaw]

As someone who is 24 and still in University, this is very interesting aswell.

[@goopyjoe]

Brilliant video!

[@daple1997]

A nice video for Canadians

[@smashbox6220]

More videos about hard work, discipline, reaching goals, habits, business please

[@souhailamdah2982]

Big fan from Morocco. I'll definitely watch Sensual Cinema

[@jasonbaker2126]

That's decent advice. I would flip the wants and goals percentages. 30% for goals and 20% for wants. The investing you do in the stock market in your early 20's will most likely be the most productive investments you make. Those articles that talk about how much harder it is to catch up on retirement savings if you start to invest in your 30's vs. your 20's are true. You will be missing out on tens if not hundreds of thousands of dollars worth of growth.

[@ItsMePhoebe]

This was very interesting

[@NavidErde]

Especially today you should think about your debts: - if you have to pay below 5% interests with an inflation rate of 7-9% you make money every single day you NOT paying it back. For sure you have to pay back the minimum so the bank doesn't step you. - it's important to distinguish debts into "entertainment" or "investments", investments especially for education or your flat will pay off in the mid to long term, these are the "chances to take". Entertainment debts like a new smartphone or a world trip most of the time won't do anything in the long term, there're "needless to take".

[@dthedad7330]

Hilarious outro. Wouldn't be surprised if some people would pay to watch you do stuff like that.

[@JonathanBrough-wg7ji]

Sensual cinema🤑..........good video. I was a little worried about you guys.

[@BVtok26]

The only reason you haven't made any money yet is that you won't release that link and you know it!!

[@CriticalEatsJapan]

Hope your former head chef is watching this... ;)

[@jasontodd7236]

Great video. Great advice. Personally, I could have done without sensual cinema.

[@CJAlonzo413]

The onlyfans killed me hahahaha

[@r.s.334]

Remember kids, math is math and doesn't care what you think. A dollar wasted today could be 5 wasted in decades if you would have invested well. Do what you want and either pay the penalty or reap the rewards.

[@aeronglendon8532]

So if I have a dollar today, if I invest, in decades, I could have 5? 10+ for four extra dollars? Not worth it

[@NoahmassMulti]

@@aeronglendon8532 no it means money could be less valuable in the futire

[@oscarlove4394]

not gonna lie, delts & cronenberg sounds pretty interesting to me. dunno why you're not making money. how good is your gaming chair? what kind of juice do you drink?

[@sabre0001]

It's the area of investments where things get confusing. Something like S&P seems very good, but where I live there are some odd tax considerations. Tax is the big minefield really. And I don't feel like I have enough at my disposal to look at a financial/tax advisor. I've been good at saving a regular amount in a bank but the interest on that is less than useful, especially with inflation. Finding myself stuck at an odd crossroads.

[@xavierzimmerman2297]

For most investments you don’t have to pay tax until you sell so if buy and hold you could avoid that

[@patrickgono6043]

Also check with your bank for tax-advantaged investment accounts. In the US that would be the Roth IRA, but you will find similar investment accounts practically anywhere. They either offer no taxes, or even tax reduction through lowering your taxable income. So instead of high interest rates, you make money in the long run by reducing your taxes. Also, talk to people you trust about these things. Take everything with a grain of salt, and if it sounds too good to be true, it probably isn't. All the best!

[@torr5952]

This fucking guy :-)

[@RoyRoy-Garou]

Perfect, I am 20

[@Blankxshotx]

Haha me too

[@myhappyspace4533]

Justation is wel and a live in Canada

[@agus_youtube]

nice ad

[@soriamemo]

I started working this year and I’ve been saving and investing 90% of my money 😅 time to spend some of it on my wants lol

[@bondjames-bond7664]

How do you save 90 prcnt of your money .n what's ur income

[@avoterz123]

“Trust me bro”

[@sonofvicvega816]

Yes

[@saminatorx2325]

Brendan is rich!

[@ON-YT]

*Save to Watch Later*

[@sayeislam]

Lol same as soon as i got the notification alert when the video came out i put it straight to my watch later. Now i'm watching it after a week of release!! :P

[@Scranton-tt2hf]

It’s easy to save money I have since I was little because I was tough to save if you wanted anything and take care off your stuff because things cost money and I have remained the same since for over 21 years and been healthy for over 7 years and kept it off lost over 320 pounds know weight 183 pounds some people it’s hard to do but for some

[@Scranton-tt2hf]

Like me it’s pretty easy

[@Scranton-tt2hf]

My food only costs me $250 for 3 months I don’t eat a lot

[@gamerslounge36]

When youre the 999th person to view the video and 111th person to like the video. Feels like the universe is telling me something.

[@LT-wi7so]

Cryptoooooo

[@porlearktuy4711]

Damn, only 24K in student loans? I took the STEM route and owe 40K here...

[@nathanhollow0]

It's not a competition... We're all suffering..

[@frankbooker]

When you sitting up here and talking about you don't have any subs for onlyfans... but no link and you know your fans would happily sub. What is this?

[@diymasterTM]

3:28 if you make 4000/month and you have financially problem, then is problem somewhere else in you! So if me with my wife make 8000/m... there would be gone a lot of problems!!

[@MegaCynar]

Ah and now in Ontario you're expected to make payments right away thanks to the Conservative party of Ontario.

[@joshuabrown2799]

First

[@ChrisKani]

Second?

[@elovaughnelwell8980]

You can pretty much sum this video up in one word: Bitcoin. 😂

[@stilllmkp]

please stick to fitness videos

[@whimbox9648]

Why? You didn't have to watch this if you didn't want to. He should make what he wants, this was interesting and well made