Paycheck Routine: What to ACTUALLY Do With Your Money

[@laundrygoddess4]

I just paid cash for a new kitchen. The lady at the store couldn't believe I wasn't freaking out about the money. When you're debt free... The stress about spending is magnificent.

[@TheSmokedance]

Very excited from those purchase once we're debt free.

[@victorblas3483]

Way to go, can't wait to get there! Few years of hard work and sacrifice here.

[@laundrygoddess4]

@@victorblas3483 I got there the hard way but it truly is so much easier to live without debt

[@mhodge0890]

I’m debt free and still don’t want to spend a thing

[@DivestedJedi]

❤ that is awesome

[@brianhess5083]

Bear necessities audio + 8 Mile video = the best thing I’ve seen on the internet in a long time!

[@kempfreehold9450]

I choked on my coffee

[@JustenHarden]

Greatest editor on KZbin

[@Outroyal]

I used to live Paycheck to paycheck but now.. I live paycheck to paycheck stress free

[@fsmoura]

I used to live paycheck to paycheck. Now I don't bother with working anymore, I just pile up more debt to get by 👍

[@bilindalaw-morley161]

Me? I'd just like the chance to *prove* money won't make me happy!

[@MCdragons17]

I did indeed start singing "just the BEAR necessities" in my head right before you played the song LMAO

[@27Marlo]

Love that you recognized some are not tied into a local church and encouraged them to find causes to give to. ❤

[@Tel934]

…this mashup of Bear Necessities with the 8 Mile B-roll is absolutely *diabolical*

[@zaree7040]

Good video george👍. My aunt passed and I inherited some of her portfolio and cash savings, I’m 28 with about 400k cash in savings and as usual everybody’s preaching invest, so what stocks are a good long term buy, only major purchase I intend to make is buying a home in 5years from my returns

[@roosefeitosa2536]

Lucky you, I’d buy a lot of tech stocks and Dividend portfolios with that.

[@jaydavies3734]

Don’t come to KZbin looking for KZbin advise, instead contact a fiduciary for proper guidance.

[@bradleyjones9233]

Same, I just use KZbin for research purposes, I run all my major investment through an investment adviser, the market is just too unstable to handle things on your own.

[@charlescharles9345]

How does one reach out to a financial advisor? my portfolio has been struggling since 2022 and I’ve been holding on by the skin of my teeth.

[@bradleyjones9233]

there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Monica mary strigle ” for about five years now, and hr performance has been consistently impressive.She’s quite known in her field, look-her up.

[@victorblas3483]

I can't wait to get to the last baby step and give money! Like you say, it's the most fun you can have with money.

[@matthales5556]

Don’t wait until then. Give now.

[@victorblas3483]

@@matthales5556 I have debt to pay, once I get out of debt I'll be able to give even bigger. I already run a yearly charity event for my company that is funded by them and for a good cause

[@jaguarpaw3136]

George with another great video. Keep it up.

[@Jersderakerguoe]

In these uncertain times, it's more important than ever to have a solid understanding of how to manage your finances, invest wisely and navigate economic downturns. But my primary concern is how to grow my reserve of $240k which has been sitting duck since forever with zero to no gains, sure I'm all in on the long term game, but with my savings are lying waste to inflation and my portfolio losing gains everyday, I need a remedy.

[@BridgetMiller-]

If you need advice, consider speaking with a financial advisor. Don't get me wrong, you can do it on your own, but financial advisors have a lot more knowledge and expertise in this area.

[@KarenLavia]

Due to my demanding job, I lack the time to thoroughly assess my investments and analyze individual stocks. Consequently, for the past seven years, I have enlisted the services of a fiduciary who actively manages my portfolio to adapt to the current market conditions. This strategy has allowed me to navigate the financial landscape successfully, making informed decisions on when to buy and sell. Perhaps you should consider a similar approach.

[@berniceburgos-]

Glad to have stumbled on this conversation. Please can you leave the info of your investment advisor here? I’m in dire need for one.

[@KarenLavia]

Well, there are a few out there who know what they are doing. I tried a few in the past years, but I’ve been with Melissa Terri Swayne for the last five years or so, and her returns have been pretty much amazing.

[@ScottKindle-bk3hx]

I just looked her up on the internet and found her webpage with her credentials. I wrote her a outlining my financial objectives and planned a call with her

[@tcgtpl]

Setting up automatic payments can help streamline these paycheck routines. I’ll pay off my credit card balances in full, plus all my utilities, and invest a minimum of 15% into my 401k & IRA so that whatever money I do see that winds up in my checking account I know all my necessities have already been covered. I also put more $ into my brokerage account so I force myself to be more discerning on the money I do spend to fight off lifestyle creep.

[@adamfarhan768]

Yup, exactly how to do it. Pay yourself, keep minimal amounts in checking, which will allow you to naturally be more frugal. The money you put away will always be there!

[@aaronjjacques]

Even ramsey will not mess with the disney copyright department.

[@PTR2K]

I wish the every dollar app was available in the UK

[@littlelawson06]

I have found "Emma" to be pretty good.

[@Red_1976]

Australia too..

[@laughingman6986]

No debt for now. Putting money in 401k and building up a savings. Feels good to begin my journey towards retirement.

[@apartmentinvestingforbeginners]

Great tips. Thank you for sharing

[@seagirl1100]

Love this condensed video.

[@michelemurdock7110]

George I love you and the Ramsey team, but I tried using the App and it’s hard to use. I am a techie. I hope you guys will make it easier to use. Please ?

[@cherbs9893]

Yea I’m having trouble too. Thought it was just me. I already canceled it.

[@samanthashoelover7649]

Same, it needs to be more user friendly

[@2dodger2]

I don't know how to use it either

[@isabelbecerra9258]

Stick to it/ my husband figured it out and the second month was way easier than the first month to enter items and navigate

[@dl6262]

Nice work, Kamel toe

[@myhappyspace4533]

Could you please make Every Dollar available in South Africa

[@JeffFloyd-v5c]

Not to sound stupid here. But trying to use the every dollar app.. Having a heck of a time trying to use/learn it and get totally on my feet with it

[@CrunchyCereal42]

So I’ve been trying to budget for awhile and I found that having three accounts in my bank worked. 1 for weekly expenses, 1 for monthly bills (I keep that one with the amount I need all the time) and lastly the debt money market. I put money there to take out to pay bills. Usually wait for it to become $1000 before I pay. Having debt is hard and I hate it. Can’t wait to be free

[@lindacarter457]

I got TELLO -TY!

[@davidmercado2329]

George great advice thanks

[@gladysjoseph5]

I like the bless up fund idea

[@58sportsuburban]

The “ one size fits all, is not for everyone “ Is interesting… why doesn’t it apply to the baby steps…

[@peeonthe3rdrail414]

Because it doesn't...

[@theryster77]

Right, it doesn’t work for everyone, there are other ways of getting out of debt. They dont say its one size fits all, but for the majority it works. The baby steps are just a way to handhold and keep people accountable, its more about the psychological progress people can make to keep them on track. Some follow TheMoneyGuy advice, some follow Ramsey. They are not both wrong…they both have the same end goal: be out of debt and get the most out of your money. Is one slightly better in the long run than the other? Sure, but as long as people are bettering their life, who cares

[@AT-hs9nf]

Exactly and yet he keeps pushing for useless apps to purchase in his video where he can get some %. Greedy themselves. Just common sense and budgeting is all you need in life.

[@cajbaf]

It does apply for everyone. Some may get there faster than others. I did these steps and made very little compared to others who think 150,000 isn't enough to live on. I am debt free (except my mortgage) which I am working on now. I have some invested but will never be millionaire. The only ones who continually argue on here are those who don't want to sacrifice anything, yet they love to keep watching and complaining.

[@AT-hs9nf]

@@cajbaf why are u assuming we are arguing? It was a generic conversation. That's why I said common sense first and foremost. He shouldn't be lecturing abt no debt and yet trying to sell some apps for gain. You are missing the point.

[@bythebook1548]

Started singing bare necessities before you even got there. XD

[@michelemurdock7110]

So funny, I love listening to you 😂

[@dretone5370]

I spit my drink out laughing when he said "Don't sing it!" and Eminem came on with the Bear Necessities song😂😂😂

[@art_n5x]

How do we calculate for self employed ?

[@wbontigao83]

I don’t understand the plan ,spent ,and remaining part in the app

[@thekingdomlifewithkamron]

True

[@GXH24]

Says there is no one size fits all and literally goes through the baby steps which are exactly one size fits all. These paycheck strategies are just telling you how to budget at different baby steps

[@Resolve_DigitalMedia]

SKIP STEP ONE….. I’m not paying for something when i can do it just as effectively with an Excel sheet (yes im spreadsheet nerd)

[@freedomring3022]

The app is free, but if Excel works for you then so be it as long as you are doing it.

[@ks986]

We have used the free version forever and it’s great. You don’t have to spend anything if you want to use it!

[@JaySmith-pv2mw]

I've used the same spreadsheet for twenty years.

[@andresmedina8477]

I have my car lease; I can't pay it in full without needing to pay more so I could take it as a mortgage for this example? Planning to buy the car at the end of the lease but that is in 3 years

[@larissanmoon299]

I freaking love you. You crack me up! Sorry Whitney. Lol

[@leytonfortnite4724]

Prunes and cream of wheat 😅 George you always find a way to make me laugh in these videos! I really enjoy your content keep up the good work!

[@crystalgattis1073]

My husband and I are in category 3. Yea! But we are older, so almost half our income is going to retirement since we got a late start. Our budget feels tight. Are we putting too much in retirement? Our plan is to retire in 5 years.

[@heybluebird]

Hello madam, if I may. No one can possibly answer your question since there is no information on how much you earn, neither how you put into savings nor your investments. If you want an answer (if he reads the comments), you need to explain more about your cashflow and assets 🙂 Sorry for the disturbance

[@christopherrivera5981]

HAHAHA I really did start singing it in my head

[@pmilz45]

why am I here so early? what’s up Kamel? 🐪

[@michael7054]

🐫 gang

[@mariorta5017]

This is my first month debt free, snowball is looking beautiful and this time it will be going all to our savings and investments 😂

[@tashawillson4680]

What’s the fastest way to pay off a line of credit?

[@PattyCakeJake]

Make more money.

[@ianscianablo8507]

Hey George. Can I make auto payments directly from my paychecks into my IRA brokerage account? Thank you.

[@Red_1976]

Do you pay car or house insurance in full every year or monthly? If it’s monthly is this classified as a debt?

[@PattyCakeJake]

Pay in full for the discount.

[@dzaonyout]

Snowball is great and saved me thousands and lots of time. Once your snowball gets big enough, would you agree that there is a time where switching to avalanche is better? I have a few loans left. The highest balance is a car with the highest interest rate and highest minimum balance. The next smallest loan amount is $8500. Paying off the car first saves me months of pay off time switching from the snowball method.

[@walkthroughthestorm39]

Snowball inspired me to get serious about smashing my debt. I had lots but I looked at it properly and ended up doing a mix of methods to get it down as quickly, simply and cheaply as possible. You have to plan and commit and not lose focus, ultimately. I kept watching GK videos to stay strong, to keep gripping on for dear life and stay focused on the light at the end of the tunnel. All the best ❤

[@dzaonyout]

@@walkthroughthestorm39 good job and good luck! I think you hit the nail on the head by mixing methods. Make your plan work for you.

[@christinab9133]

❤❤❤

[@lukescapee1234]

George, we have about $1,000 of extra money leftover in our budget. Would you recommend putting it toward extra mortgage payments? Or invest it?

[@DavidAdlawan]

Go this 4:00 youll see it

[@gabbynlilly]

Depends on your interest rate

[@ruthirwin8222]

I owe nothing im retired but have struggled saving so im teying the 50 30 20 and im hoping it will help

[@Gowst99]

I already give enough to Uncle Sam to miss use it😂😂😂

[@sarasounds2389]

The Simple Bear Necessities 😂😂

[@TylerofSc004]

I started stacking to SAVE wealth. I've always been the type of person to spend my entire paycheck. I hate having money just sit in the bank. I am under pressure to grow my reserve of $950k. before I turn 60, I would appreciate any advice on potential investments.

[@greekmom]

Yes true, I have been in touch with a financial advisor. With an initial starting reserve of $80k, my advisor chooses the entry and exit commands for my portfolio, which has grown to approximately $550k.

[@greekmom]

Kristin Amber Landis is the licensed advisor I use. Just research the name. You’d find necessary details to work with to set up an appointment.

[@Kindred192]

TESLA, MY BOY EDISON, MY BOY

[@ryangatien6615]

How the hell did he know I was singing the song in my head.....

[@fsmoura]

0:32 _"I'm not a fan of one-size-fits-all. Have you seen me?"_ I have, once, doing an interview on the street, but I still don't believe it was real. I'm convinced you were pulling some camera trick to disturb us... like the ones they used in LOTR for hobbits/dwarfs. ( o.o)

[@jamesni4498]

Wouldn't it be better to invest that 15% for retirement way earlier in the steps to get in early and take advantage of the yields? Say you have 4 more years left of a car payment. Just make those payments and add 25% (of the payment) to principle and still do your 15% retirement. After 3 years that car will be done and you still did your 15% which will get those yields. I say this because if you're a millennial, your not getting Social Security which makes it so much more dire to get in the retirement savings.

[@aboutwhat1930]

Sure, but you're trading a guarantied ROI for a riskier ROI. Would YOU trade a 100% chance of getting $7 for a 50% chance of getting (or losing) a random amount that averages a $12 gain? The average new car loan is about a 7% APR if you have a solid credit score (and income etc). I like the Money Guys' approach, which makes the company match a much higher priority, but there's a lot of nuance there. The money should also be locked away for decades. (The first Millenials will sometimes qualify to withdraw at least from their current employer's 401k plan without penalty if they quit/retire/are fired at 55, so starting around 2036 but really starting closer to 2041.)

[@rachelharrison7961]

If you are supposed to budget by the month, why would you follow this routine each paycheck? Very few people get paid only once a month.

[@aboutwhat1930]

True, but most bills are only due once a month.

[@janecusicscheller9784]

Retirees on Social Security only get paid once a month.

[@aboutwhat1930]

@@janecusicscheller9784 Most/all other government employees too. Some corporations and other organizations strictly do 1 paycheck a month. Regardless, you still need to budget. And if you're getting paid more frequently, then figure out how much of your bills you need to pay each week (based on due dates and amounts) as well as what your monthly running budget is (ie the amount to keep in that checking account).

[@cwoods5835]

I have to give first whether out of debt or not. It’s not biblical to put God aside because I messed up my finances. So I guess it’ll take me a little longer to get debt free but I’m still working on the plan.

[@barbaratozzano6364]

I can testify to a payday routine having a positive impact on your finanaces. I was doing okay, but I live on a fairly low salary. Automating the savings and investing, and monthly bills has boosted my savings substantially.

[@nattieestimable7985]

If your mortgage is interest free, do you still focus on paying it off faster?

[@PattyCakeJake]

Free mortgage??? Do tell.

[@ashleysmashley444]

I’m trying to figure out how to make budgeting work for me as a server getting cash daily instead of paychecks

[@gmoney4458]

If you don't make a consistent income or are not paid a salary you can figure the average of your take home pay over a couple months and build a budget around that. It won't be exact but will give you a general idea of the amount you have to work with.

[@betbeast9372]

Hi George Please answer me on this I have $66.000 in debt spread across 8 different places Do i save up to pay og the lowest first like lowest one i owe $3000 do i then save up those money to it off in one go or do i pay whatever i can towards it every month ? Im from Denmark sorry for bad English

[@noahkyurem]

Pay the minimums on all debt. Then with extra money, pay the lowest balance first. You pay whatever you can when you can. If you wait to pay it off all at once you let interest work on a bigger balance.

[@dewayneoverton466]

09 pt cruiser😂😂😂

[@bowlinbob6]

I feel like I'm not the target audience for these channels. They all assume you have a mortgage and don't tell you when or how to save if you are a renter, especially with today's house prices. For example I pay 800 in rent, and 37 years old making 44k a year, no debt. If I wanted to buy a house in my area, with a 20% down payment (which I'm no where near) it'd be roughly 2,300 a month for the mortgage alone. Which I can't afford that. I'm currently able to invest $1,000-1,200 a month and have around 40k in roth ira, taxable, and hysa accounts combined. Right now my plan is to dump everything in investing while renting. Dunno if or when to take out to get a house. Maybe when I have enough for 50% down the interest rates will be better.

[@mirainoivuyo984]

So budget by paycheck or budget monthly….?

[@heybluebird]

Hmm I would say whatever works well with you right ?

[@glendagrosjean477]

My kids dumped a cup of milk in the fish tank and all the fish died. Gogurt is a hard pass for fish.

[@RickiPresents]

This makes me sad being in Europe who can't use this

[@connorpena373]

Every dollar app ad😂

[@truh_von_tay]

That GIVING is everything. Think about it if you not a believer in Jesus, what does karma say? And if you are a believer Bible tells us it’s better to give than receive. But oh when we give it will always come back greater and unexpected. *whispers* just like what karma says. 😂

[@adonique1481]

Anyone can recommend a european equivalent of this?

[@aboutwhat1930]

Of their app? I'm sure there's some out there. Of budgeting? Math works the same everywhere (but your labels and options are sure to be different from the USA's).

[@timprussell]

I'd tell everyone get your 401K match, sorry but that is a 100% return on your money. Then kill the debt, might take a little longer but your older self will thank you.

[@PrinceJayMoriarty]

First ❤

[@JimDoeman]

Please stop personally targeting me in your videos. Bear necessities AND Gatlingburg. That’s more than a coincidence.

[@Savannah_Simpson]

So this is just an add for an app. Thanks.🙄

[@fsmoura]

STEP 1: *Spend* STE- No, wait, I might be doing this wrong ( o.o)

[@stuemler]

George, I know you did it with Waffle House, but if they'll let you do a Mr. BEAST inspired curcle challenge as a bless up give away using needy people reccomended by Ramsey Financial Coaches!

[@TheNikoko199]

Just realized you just copied Rachel Cruze's video that came out 3 months prior. WHAT IS THIS??? Are you even real? Is this AI? Does that explain the only pink starbursts??? Ooooh the rabbit hole of conspiracies begins

[@MN_Life5]

I don’t understand the obsession with paying of your house early. Until that final payment is made there is ZERO added security. You have $20k left on your house and have major life hurdle (job loss, health, etc) you can’t qualify to take a loan or get money out of your house. If it’s saved in an index fund you could live off that for years or write a check one day and pay the remaining house balance in whole. Idk why people don’t talk about this option more. Key is to earmark the fund and only be used for house payoff or emergency after emergency fund is drained.

[@GeorgeKamel]

You’re telling me There’s no difference in security if you have a $500,000 mortgage balance versus a $5,000 mortgage balance?

[@MN_Life5]

Yes I agree, but not until you get down there. I think having several years of living expenses making interest feels a whole lot better , but that’s just my take :)

[@sprinkle61]

The REASON giving is controversial, is that you have not fully taken care of #1 yet. You need to be financially free, before worrying about giving, full stop. Charity can wait, unless its something you need, and since its purely outside yourself, such a need would be wholly in your mind, as a kind of emotional crutch. That retirement account should be 100 % funded to the maximum you think you will need, and you should own outright everything you reasonably need, AND you should be able to cover ALL of your living expenses with passive income from investments, THEN you should start giving, with any further surplus, in other words, if you currently work at this point, you don't need any of the money, so its fine to spend it on 'your ultimate power', be that a lambo, trips to space, or charity. Charity belongs in the purely aspirational part of your life, when everything else 'normal' in your life is 100 % fixed.

[@blaineburnie6890]

Get started for free. Then pay monthly subscription. No thanks

[@gmoney4458]

The budget app is free. There's an upgraded version that links to your bank account and has some other features, but the basic version costs nothing.

[@nathalieda1]

This content is a bit repetitive

[@cajbaf]

How many times do they have to keep telling people to LIVE WITHIN YOUR MEANS? 🙄. These are the steps to get out of debt. If you already know them, don't watch

[@mungelomwaangasikateyo376]

Duuh, this is not the get-rich-quick part of KZbin. It's the building-a-serious-future- for-our-descendents part of the algorithm. If you know how to do this then don't watch this content

[@AgentGWG]

George makes 6k a month? 😯

[@vigilantezack]

I'm 6 to 12k and still have no money, living in a tiny house with one mini van almost 200k miles. Debts kill most of it, over $3k to barely keep it even let alone knock some down. Health insurance nearly $1k/m, cell phones almost $200, list goes on. Kids, special diets, van repair, pets, back taxes. I could double that money and probably still struggle.

[@walkthroughthestorm39]

I hink you would kill a fish with yoghurt and a tank heater. Sorry.

[@danieljohnson4418]

With nearly daily uploads, it's obvious George is pushing quantity over quality.

[@jakenbake_0.0]

NON-DAVE revenue lolol😂

[@aadarshviswanathan2825]

I've said it before, 10% tithing or giving at any financial situation including when in debt is absolutely asinine and terrible fucking advice.