Lifestyle Inflation Will Keep You Broke (No Matter How Much You Earn)

[@ChrisInvests]

Open an account with M1 Finance using this link and get a $50 bonus: m1.finance/1JiMItjP-G12

[@shiptj01]

I'm almost 40. I've lived in the same apartment for ten years. I keep my cars for as long as possible. I don't change anything when I get raises. People think that I'm a loser, but I'm never worried about money and I can easily handle any financial emergency.

[@ericboui1905]

"Satisfaction doesnt come from making a purchase, it comes from the ability to know that u can purchase that particular item"

[@TheAyyubid]

Absolutely true❤

[@ZigZagPower]

I still spend the same I did as when I was a broke student. Even when I’m making good 6 figures, I never increase my lifestyle expenses. The more money I make, the more I invest.

[@surfingwithowen]

🙌🏼🙌🏼🙌🏼

[@wewhoareabouttodiesaluteyo9303]

But then would that not be considered spending when you buy stocks, the whole concept then being called investing? You can still lose money when investing, like you would, when spending.

[@gregwatkins1332]

Same here!!! I've kept the same monthly Budget over the last 4 years. As my wife and myself have been promoted or got increases, just save the difference and invest. I do have a healthy vacation budget because it helps me to stay grounded

[@wewhoareabouttodiesaluteyo9303]

@@gregwatkins1332 Psst...plan for the divorce Greg...plan for the divorce.

[@weedownisuu36]

@@wewhoareabouttodiesaluteyo9303 spending = no profitability, investing = profitability

[@surfingwithowen]

Great advice, as always. As we make more money it’s hard not to spend more - but a crucial key in building wealth is managing our larger expenses and lifestyle inflation. Thanks for the reminder 💸📈🍻

[@site_is_down]

I agree. Financial independence should always start on our mindset and attitude. It is expected for people to have a lot of desires as their income gets higher, but living below our means pays us more in the long run.

[@geofreyumanger6542]

Well said! Well i am also looking for more smart and genuine way on short term investment, any idea here?

[@investorwest8735]

@@geofreyumanger6542I'll advise you lookup Christine Lynn Saitta, she's the real investors prodigy and has also handled my trades for over 11 months now

[@lezliewhicker8450]

It's fascinating to hear that someone here employ madam Christine's services. She has been managing all my investments

[@sdibrahim2461]

A CNBC news host spoke so highly of💕Christine Lynn Saitta and her loss prevention strategies

[@Sir_Meezy]

I think the key is to live well within your means. Someone who makes $50k a year should not be spending like their friend who makes $100k a year.

[@site_is_down]

I agree! It will cause big chaos if people live like that. - They'll bury themselves alive on debts and overspending. Be disciplined enough in your spending habit and it's always better if we create a lot of income streams, especially the ones that earn us passive income.

[@actnowordreamon6774]

Amen ... it is hard to do but discipline is needed to become wealthy. Watch my channel for more info

[@fastxsam]

You ever see those people who go on lavish vacations every year and post it on Instagram? Sure some people have the money but most charge on their credit cards. I say let people be poor. It's their own choice.

[@Food4thought1234]

Anyone still love watching these, even if it doesn’t apply to you? It’s a good reminder if anything.

[@BrodyPhilip]

Always important to stay on top of finance

[@actnowordreamon6774]

We all need to be reminded once and a while so we can stay on track. Watch my channel for more info

[@fastxsam]

I do. I'm not rich by any means but I don't live on paychecks and am saving to buy my first home. I do enjoy the peace of mind with living frugal.

[@nicholasvanbenschoten9480]

I love watching these types of videos as background noise

[@mark75700]

Understanding personal finances and investing will most likely lead to greater financial independence. By being knowledgeable about money and investing, individuals can make informed decisions about how to save, spend, and invest their money. A trader made over $350k in this recession influenced market.

[@sandra65823]

Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k just in a matter of weeks/couple months, so I think there are alot of wealth transfer in this downtime if you know where to look.

[@MargaretMargaretKarjala]

The best course of action if you lack market knowledge is to ask a consultant or investing coach for guidance or assistance. Speaking with a consultant helped me stay afloat in the market and grow my portfolio to about 65% since January, even though I know it sounds obvious or generic. I believe that is the most effective way to enter the business at the moment...

[@KatyMccullars]

Please who is the consultant that assist you with your investment and if you don't mind, how do I get in touch with this person...

[@MargaretMargaretKarjala]

My advisor is Stephanie Kopp Meeks highly qualified and experienced in the financial market. She has extensive knowledge of portfolio diversity and is considered an expert in the field. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market..

[@KatyMccullars]

I am going to look her up, I have about $81k i want to start with, might be small but it's better than nothing though. Since the 08 crash is playing out again..

[@paulc8092]

Will be 59 y.o. soon with wife and 2 older kids. Long time ago when in my late teens decided not going to play the game of keeping up with the Joneses or even members of my family circle as learned that all material possessions can only give you so much happiness no matter what it is. So never cared for designer or luxury brands when it comes to my clothes, cars, watches, phones, etc. House mortgage fully paid off 12 years ago, all 4 vehicles fully paid for. My retirement since 2016 is financially secured and set. No regrets at all as no need to impress others, who cares what they think.

[@ChrisInvests]

That's great! Thanks for sharing

[@albertwarren6917]

In my job I see lots of different peoples bank statements and it’s unbelievable the amount of time I see people earning £80k+ but constantly in their overdraft and constantly spending over £5k+ a month. Money is not the solution to all your problems if you don’t budget. You get a pay rise, you spend it all. Budgeting is key.

[@jakubageter1689]

Another reason it's less likely to happen that way is because, despite how terrified everyone is and how they're predicting the crash, there is already an overwhelming amount of demand waiting to absorb it. As I will explain below, this prediction was not made in 2008, at least not by the general public. The other comment states that the ownership rate peaked in 2004. In the second quarter of 2020, we peaked, and now we are at the median level. It decreased by 3% between 2008 and 2012, and by the second quarter of 2020, it had declined from 68 to 65.

[@AnnieBeischel]

Most people find it difficult to handle a fall since they are used to bull markets, but if you know where to look and how to maneuver, you can make a sizeable profit. Depending on how you intend to enter and exit, yes.

[@AleksanderNowak-]

@@AnnieBeischel Given that we are not accustomed to such uncertain markets, the fact that the US stock market has been on its longest bull run ever makes the widespread anxiety and excitement comprehensible. There are opportunities if you know where to go, as you noted that it wasn't difficult for me to earn more than $780k in the previous 10 months. Since I was aware that I would need a reliable and strong plan to get through these tough times, I engaged a portfolio advisor.

[@OliviaDestry]

My portfolio has been in the gutter for the entire year, so I started researching new ways to profit in the market, but everything I tried just seemed to miss the mark. Please let us know the name of your financial advisor.

[@AleksanderNowak-]

It was run by Stacey Lee Decker, who I learned about and got in touch with thanks to a CNBC interview. Since then, it has served as the point of entry and departure for the games we have emphasized. A search on the internet can be done if tracking is necessary.

[@DonaldMicheal-]

I just copied and pasted Stacey’s whole name into my browser, and her website appeared right away. You've saved me several hours of arduous research, therefore I appreciate it.

[@BrodyPhilip]

Lifestyle inflation / creep is one of the most common financial mistakes in my opinion. Love the content, thanks for sharing once again!

[@Petroguest-i4g]

I was advised to diversify my portfolio among several assets such as stocks and bonds since this can protect my portfolio for retirement. I'm seeking to invest $200K across markets but don't know where to start.

[@2024Red-j5t]

For a successful long-term strategy you have to seek guidance from a broker or financial advisor.

[@wealthychronicle-i1u]

With the help of an investing advisor, I diversified my $400K portfolio across markets, and I was able to earn over $900k in net profit from high dividend yielding equities, ETFs, and bonds.

[@Countstep0099]

Please who is the consultant that assist you with your investment and if you don't mind, how do I get in touch with them?

[@wealthychronicle-i1u]

My consultant is Nicole Desiree Simon She has since provide entry and exit points on the securities I focus on. You can look her up online if you care for supervision.

[@Countstep0099]

I just checked her up online, and I must admit that she has an extremely outstanding experience in investment. Thanks for sharing. I'm going to send her an email right away

[@TheeMan101]

So true. Money management for me has taught me to spend less the more money I make. Invest periodically and save save save and pay off loans.

[@site_is_down]

Yes, this is the perfect steps for financial stability! Consistency in investing is always better than starting with a huge amount of money to invest.

[@actnowordreamon6774]

I am now debt free for more than 10 years ... and as you said, I save, save, save ... and invest. Watch my channel for more info

[@Pythonhier]

There's a big difference between a rich person spending 90'000 a year and the common person trying to save money when only making under 30'000 a year.

[@GeorgeAusters]

The rule is to save something.. Even if it's only $100 a month into an index fund

[@willydanneberg8169]

It's better to invest than saving,I was able to build a big income stream investing with a professional broker mrs Helen her strategies are great

[@erikvelvez8649]

My first investment with Mrs Helen gave me profit of over $24,000 us dollars and ever since then she has never failed to deliver and I can even say she's the most sincere broker I have known

[@thandinontlemgunundu6322]

Who's this professional everyone is talking about I always see her post on top comment on every KZbin video I watched

[@thandinontlemgunundu6322]

I think I'm interested how can I get in touch with Mrs Helen

[@henryclinton9317]

The wisest thing that should be on every wise individual's list is to invest in different stream of income and don't depend on the government to bring in money especially now the pandemic is hitting the economy

[@wilsonjudson1650]

you are definitely right , waiting on the government is a big waste

[@henryclinton9317]

Investments are the stepping Stones to success especially if you been guided by a professional

[@fredrickconte6270]

Investing is good but investing in the right thing is the actual key to success . who is your pro ?

[@henryclinton9317]

That was exactly what I did, I trade with a professional stock expert "TERESA JENSEN WHITE " who i met in one of the seminars..

[@henryclinton9317]

There are so many investment out there but if profits must be considered then not all investments are good to go into.

[@tomlavelle2333]

To put it simply. Live below your means, and you will never need to worry about money.

[@TheGreatSalsaMan]

* laughs in ghotto trash dropping G’s on stupid status shit like designer cloths and jewelry and wondering why they can’t get ahead in life *

[@actnowordreamon6774]

sure, but unless you invest in real assets you will not make it at the end as saving in a bank account is not good enough. Watch my channel for more info

[@661.julian4]

“the rich DON’T work for money, they make their money work for THEM” -Robert Kiyosaki

[@CDKE23]

Budgets are important but remember to give yourself a miscellaneous amount each month just in case you want a little treat. Having this has helped me so much instead of just being stressed I was able to put 100 each month just for random things into my budget. Whether it’s for eating out or a drink it’s helped minimise the risk of breaking my budget.

[@Dom-xi8je]

My lifestyle creep went to better funding savings like car maintenance and clothes for the family while adding more to brokerage accounts etc. It still feels like we’re on the fringes though. I just got quoted $200 a month for kids swimming lessons smh.

[@nikyabodigital]

I still imagine the day when I had my first job. Now I'm at almost 3x. If only I'd spend the same way I did when I started working.

[@migueldurrelo8951]

Successful people don't become that way overnight. What most people see at a glance wealth, a great career, purpose is the result of hard work and hustle over time. I pray that anyone who reads this will be successful in life

[@mandycarl2053]

Yes

[@mandycarl2053]

You are right, to be a successful person in life require him or her of hard work and time

[@josephcarl5261]

The thing about been successful is working toward it and not going the other way round

[@ronemerson9678]

I totally agree with you it has been an eye-opening experience for a lot of people.

[@holandkim3453]

@Jennifer Aniston Talking about been successful. I know I am blessed if not I wouldn't have met someone is as spectacular as chris Harry

[@GeorgeAusters]

A quick rule of thumb is to pay off all debt and your house as quick as possible, so as your income increases so does your debt and house repayments thus making you more wealthy

[@fgonzalez78959]

Most people don't make enough to enjoy investing and spending on things they like..it one or the other

[@derekrank4572]

its all about choices....people know we all die in the end...i think that puts pressure on people too live life too the fullest...just be thankful for anyone who doesnt live in poverty...alot of people have no clue how bad things are for millions of people.

[@ChrisInvests]

It's definitely important to strike a balance!

[@actnowordreamon6774]

Yes, life is difficult for many so what about becoming wealthy so we can help those in poverty :)

[@RepuBlicOfChaD]

The greatest wealth generator is never getting married or having kids!

[@ChrisInvests]

😬

[@chmpgnttt]

I earn 150k a year and I live pay check to pay check. I chose to invest and save 60% of my income and spend whatever is left. I hope the sacrifice is worth it

[@Victic005]

That's because these people are not satisfied with their life. Spending is use to compensate for what's missing.

[@ChrisInvests]

🤔

[@mikeylejan8849]

When you were earning less, you were actually saving more, but when you are earning more you are saving less.

[@derekrank4572]

for every dollar a person makes ..think of it like this...each dollar is being ripped in half into 2 pieces...save half spend half

[@actnowordreamon6774]

yep ... ensure you money is working for you and not the other way around. Watch my channel for more info

[@KG-up9th]

i live in the uk and earn around 1.2k after taxes and ive been only eating ubereats for a couple months now, i know this is hurting my pockets but havent came around to making my own food so this is something i will tackle asap

[@youseennothing8432]

Hi Chris! Would love to hear your take on what mortgage rates will do next year after the Fed’s announcement?

[@ChrisInvests]

I'd love to share but unfortunately I haven't been paying close attention. There's too much going on and it's easy to get caught up in it. Thanks for watching 😁

[@ADVlife287]

My ad prior to the video was new high tech off-road pickups 😂

[@ChrisInvests]

😬

[@andriiskvortsov8806]

Appreciate your video, it's really helpful!

[@friedec3622]

Well, a quarter of the people in the world living below proverty line. Basically they drink mud, skipping meals, wore worn out clothes, and cannot access medication. There's nothing wrong to increase your lifestyle if that's happen with you. You deserve atleast better life.

[@Rashad3000]

Solid video!!!!!!

[@moneytalkwithj3324]

I spent the same amount and maintain the same lifestyle, regardless of earnings. Oh, that’s not gonna happen now given the high inflation 🆙

[@actnowordreamon6774]

ya, inflation is killing us now but if you invested in real asset you should be ok. Watch my channel for more info

[@moneytalkwithj3324]

@@actnowordreamon6774 Real estate can certainly mitigate some risks from rising inflation, though it’s also at record high atm.

[@robles100]

Wise advice 👌

[@surfingwithowen]

^^^

[@chucklesdeclown8819]

I've been realizing this, a lot of my money goes to my hobbies and while my hobby is great, it usually takes priority, I also eat fast food pretty often which I know isn't healthy but it's surprisingly expensive, meals from these places are usually 10$+ and spending 50$+ a week when groceries would be cheaper, I've also been thinking about putting more of my money into investing and other things, maybe I won't be full on "crypto bro, take me to the moon" type shit but put money into stocks and looking into the stock market.

[@TheEmpoleon123456789]

7:07 strictly speaking more like 50% if you account for taxes

[@actnowordreamon6774]

taxes, taxes, taxes is the greatest expenses you will have even before your mortgage ... so ensure you pay the minimum (legally of course). Watch my channel for more info

[@rubygreen1249]

Nearly $200 per quarter from dividends 😁 $800 per year. Excited to see 4k per quarter and have everything covered before I'm even married. Lots of work but it gives me the ability to have a ever increasing income potential by combining dividends and hourly pay. I am not collecting the dividends yet and won't be doing so till I'm earning at least 1k per quarter

[@ChrisInvests]

What will you do with them when you reach $1,000?

[@rubygreen1249]

@@ChrisInvests I'm thinking of taking half so about $500 and putting it away for down on realistic then since I'm going to be pretty heavy in some areas of my portfolio because I'm on high risk right now I'll be using a ETf to quickly help diversify my account my two biggest holdings right now are arcc and newt

[@bradhaaf4749]

Easy come, easy go lol happens to so many young people that fall into awesome jobs

[@ChrisInvests]

Unfortunately 🤷‍♂️

[@seanhunt4145]

Material stuff gets boring after two hours

[@ChrisInvests]

💯 Yes, usually

[@ifeeltheneedfospeed2339]

What about just regular inflation... thanks Brandon!

[@actnowordreamon6774]

Protect yourself against inflation by buying real assets ... Watch my channel for more info

[@RGE_Music]

Plan it or spend it

[@jarred333Boss]

Amen

[@tranquilthoughts9076]

had a chance to say mo money mo problems

[@ivanvargas2425]

My S&P 500 has loss a lot recently

[@ChrisInvests]

It's been tough 🙁

[@actnowordreamon6774]

Stay invested ... do not try to time the market at this point. Unfortunately, this was easy to predict. I am out of the market for 1.5 years ... waiting to come back in once the Ukraine thing is over. Meanwhile, I own assets ... In your case, if you sale now, you are eating the lost .. so stay invested and with your new investments stay patient. Watch my channel for more info

[@joshmorgan6036]

I don’t think the rich spend the majority of their income on anything since they’re rich.

[@TheGreatSalsaMan]

That’s why they’re rich. They put their money in investments. That’s why they get richer and the stupid get poorer.

[@actnowordreamon6774]

The point is the rich get their expenses paid by their assets. This is why they are rich ... also, those assets in same time reducing their taxes burden as they borrow against it to buy more assets. This is the secret. Watch my channel for more info

[@Nubs1981]

Uncle Sam is the biggest killer to your income.

[@tlo65]

All well and great but in the real world prices go up every quarter and my boss refuses to pay me more when he raises the prices. How can I budget and save when my pay stays low and he keep raises the prices of commodities and my rent of my apartment that his friend that sit on the city council keeps on raising my rent. My taxes also goes up while my boss and landlord taxes goes down as their non earn income goes up. I live in reality and hate these dumb gaslighting lectures.

[@actnowordreamon6774]

Well, this is the main issue with living paycheck to paycheck. First change your job, start a side hustle, invest in real assets and over time you will be the one laughing your way to the bank

[@ChopSuey296]

😎

[@dlw3m]

The main thing... never marry a woman. You will thank me later...

[@ChrisInvests]

😬