Personal Finance 101: Your Complete Guide to Building Wealth

[@DowJanesFinancialEducation]

Thanks for watching!! If you’re serious about building wealth, be sure to check out our free masterclass, Think Like an Investor 👉 try.dowjanes.com/webinar-yto/

[@yoagi999]

Hey great video thank you 💯🙏🏾 I have questions why is build emergency fund 3rd and not at 2nd? why would paying off interest be more important?10:51 on the video

[@scenesandsounds7]

Amazing, thank you! 💚

[@DowJanesFinancialEducation]

You're so welcome!

[@kelsey2011]

Thank you so much this was awesome ❤🎉 I learned that I am inbetween the 1st step on the map and the 2nd but im trying to do step 4 - so im excited because now I can use that $ to help get me out of the debt im in!🎉 thank you!

[@keitzatumai]

This was veryyyy helpful 🙌🏽

[@DowJanesFinancialEducation]

Yayy!! So glad to hear it!!

[@kesh_vip]

Love this🤑 Thank you for sharing your wisdom in such simple steps 💯✍😇💰

[@DowJanesFinancialEducation]

You're welcome!! 😊

[@ridgehall1612]

Just save $1000 and use all extra money to pay off debt first and try not to spend extra on “fun” stuff, it’s way more fun if your debt free!

[@birgitswitilek1362]

Thanks I really enjoyed this video and have watched 5 Minimalist Money Habits and also How to Stop Impulse Buying. I have a question about your recommended 50/30/20 approach to budgeting. What about things such as utilities, gas, groceries, internet? Where do they fit in? I own my home but still have a mortgage.

[@actnowordreamon6774]

Grocery and Utility should be part of your 50 bucket as they are essential, gas and internet are usually in the 30 as you want them ... meaning you to not need them to survive unless you need them to work which in this case they are part of the 50. Come and watch my channel also

[@thegrimmperspective]

Not a big fan of the 50/30/20 concept. If someone implements the 50/30/20 plan at day one, it's going to take them forever to meet their goals. If it'g going to be implemented, I believe it has to be explained as being the end goal (to a degree), once they've contributed to their employer sponsored retirement account and received a match, (no match, move on to the next step, ) paid off their high interest debt, followed by obtaining a 3 month emergency fund if married or 6 months if single. I'd also rename this plan to the 20/50/30 plan as paying yourself first is the most important step to your financial future. Plus the plan seems to contribute to lifestyle creep.

[@ArceliaHernandez-qx4ri]

I'm not a big fan of folks who like to take others down. I use this video with my university students, and it absolutely works for them. For "beginners," remember?