Reasons Why Most People Are Broke (Must Watch)

[@ChrisInvests]

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

[@MINDSPARK-u6e]

_It doesn’t make sense to just simply save money when the value of the dollar drops between 2 to 3% every year this year alone value of the dollar dropped almost 6% , make it a habit of saving or converting your money into constitutional tinder that being gold or silver bullion_

[@user-kn6vw4sr2r]

Hi, how do you make your animated videos?

[@jarred333Boss]

Yoyoyoo

[@saeed7099]

Addendum, I have a moderate complaint on bad debt. The car example, for the last few years, I think would be wrong. The rate on a new 2019 car bought was like 2%. It makes no sense paying that towards debt when you could invest.

[@kevinwilson3337]

I use credit card for expenses lol

[@ClementRusso2]

My honest advise to new investors ,buy and hold quality stocks. Ignore market forecasts and opinions, they're mostly entertaining but not very helpful.

[@VickyAlvy]

I'm curious about your experience. Can you recommend a reliable advisor you've worked with?

[@msmaria5039]

I buy index funds and keep them.

[@slump6982]

Currently recovering from PS5 purchase

[@Papa1P3RCY]

That’s a good investment I still have a ps3 haha

[@jesus4lyfe00]

How much did you have saved before ps5 purchase

[@donaldlyons17]

@@jesus4lyfe00 Well he seems to have had a minimum of 400-500$ b/c the PS5 cost about that much.

[@jesus4lyfe00]

@@donaldlyons17 SCREW THAT..SOMEONE HELP ME FOR THE LOVE OF ALL THINGS RIGHTEOUS HOW THE HELL CAN I GET A PS5? WHO DO I HAVE TO KILL TO GET ONE? HEEELLLLLPPP MEEEEEE

[@immanueldelcastillo6041]

Hahahahahaha. Currently recovering from an iPhone purchase. 😭

[@sloebone7399]

$400 will barely get you a dental checkup or a brake job. Better plan on $4000 or $40,000. Otherwise you’re one mistake from being homeless.

[@lonemaus562]

Most people are one paycheck always from homeless.. I think their might be a bigger problem then people not saving money

[@arigutman]

Being broke ultimately means a poor relationship with money. So, what is a healthy one? Knowing there isn’t anything you can buy that can truly make you happy and that time is the only true wealth factor. Opportunity costs come with every purchase. Example? Do I need a Starbucks every day or can I make coffee at home and invest what I otherwise would have spent… unhealthy relationships with money result is purchases that are not necessary… just instantaneously desired…

[@BRBallin1]

Happiness doesn't have a "ceiling" you hit that deems you permanently happy. It's a level of satisfaction you gain with your current state of life. The coffee example is somewhat bogus because it's a very nitpicky example. To put it plainly, try to save 20% of your income before making frivolous purchases. If buying coffee everyday allows you to still do that, then so be it. "Knowing there isn’t anything you can buy that can truly make you happy" - I've bought plenty of things in my life that have made me happier than I was before. Things like good furniture, higher-end clothing, luxury car, $1000 iPhone, etc are all worth it, but there is definitely a "lifestyle inflation" factor in play where the fancier things become your new normal, so we have to make sure we don't spoil ourselves too much and develop excessively expensive tastes.

[@PaulStewart28]

Very true. My folks saw me going to Sbux all the time. They got me a Keurig for Christmas and I just ordered 7 weeks of coffee for $34, which was what I would spend weekly before.

[@PaulStewart28]

@@BRBallin1 I get you. There is a point of diminishing returns on some material things. For example, a big win in life for many would be owning a car. The jump in lifestyle from no car to having a car is huge compared to the incremental gains of then getting nicer cars thereafter.

[@tomlxyz]

@@PaulStewart28 Depends on your first car and how important cars are for you on their own. I can think of people who seemed much happier with their second car than first

[@brandonkobeshchak]

why is nobody mentioning shitty dead-end jobs for people who aren't in high paying fields or fields that break your body, literally(like construction)

[@ChristopherAbelman]

Did my grocery bill just jump 10%? Feels like I'm working harder for the same amount of stuff. Gotta find ways to stretch my budget further or this inflation thing is gonna flatten my wallet.

[@JosephineKenney]

I hear you. Curbing spending is key. Look for cheaper alternatives, clip coupons, and maybe even consider a side hustle to boost your income. Every bit helps fight inflation's bite.

[@PennyBergeron-os4ch]

Firstly, rack your spending, identify areas to cut back, and free up money to weather inflation's storm. A financial consultant can help you analyze your budget and identify areas to cut back without sacrificing your lifestyle.They can also explore ways to boost your income through strategic investments. One client I worked with saw their portfolio grow by 12% last year, allowing them to build a buffer against inflation.

[@HildaBennet]

Would you mind telling me how to contact this specific coach using their service? You seem to have the solution, as opposed to the rest of us.

[@PennyBergeron-os4ch]

Her name is “Sonya Lee Mitchell” can't divulge much. Most likely, the internet should have her basic info, you can research if you like

[@HildaBennet]

I'm pleased with the advisor's prompt and knowledgeable assistance. Her professionalism instills confidence. Looking forward to further discussions.

[@DreamweaverShade-h9p]

Currently I'm just being smart and frugal with my money, I'm in the green 47% over the last 15 months and l've accumulated over $700K in pure profits from DCA’ing into stocks, ETFs, dividends and futures. However I’ve been in the red for a month now. I work hard for my money, so investing is making me a nervous sad wreck. I don’t know if I should sell everything, sit and just wait.

[@devereauxjnr]

Nobody knows anything you need to create your own process, manage risk and stick to the plan, through thick or thin while also continuously learning from mistakes and improving.

[@MakeamericaGreatagain-h7j]

@@devereauxjnr I agree, that's the more reason I prefer my day to day invt decisions being guided by a fin-advisor, seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using a fin-advisor for over 2years+ and I've netted over 2.8million.

[@Tsunaniis-j5l]

@@MakeamericaGreatagain-h7j I actually subscribed for a few trading courses but it didn't help much, been getting suggestions to use a proper financial advisor, how did you go about touching base with your coach?

[@MakeamericaGreatagain-h7j]

@@Tsunaniis-j5l My advsor is NICOLE DESIREE SIMON, you can easily look her up, she has years of financiaI market experience.

[@Tsunaniis-j5l]

@@MakeamericaGreatagain-h7j Thank you for this tip. it was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé

[@mbvx7]

unfortunately most broke people were never taught how to invest or even basic budgeting. I have a paid off house and car, but still have $3000 in credit card debt. I was never shown how to budget or invest. I just started watching videos like this because it was paycheck to paycheck until I finally got my house paid off. I make enough to be upper poor class. I don't make a tremendous amount but i also don't have a lot of bills /expenses. I was a smoker. My smoking was just shy of $6000/yr I quit smoking 5.5 years ago after smoking for 30 years

[@ChrisInvests]

Sounds like you're on the right track!

[@terrencealston370]

I used to teach tobacco cessation my last 5 years in the Navy and Sailors spent on average 1,950.00 dollars a year on cigarettes and that's buying on base paying no taxes. Glad U quit.

[@Hi-qh8zt]

Awesome to hear you quit I too have been smoke-free for 3 1/2 years after a pack a day for 12 years. I see more and more people smoking these days at $7.12 before taxes a pack here in Ohio.

[@katieandkevinsears7724]

The educational system is really at fault. They used to teach you how to get a good job but not how to handle money. These days it's more about teaching how to pass the tests only. It's really gone downhill since I was in school in the 90's.

[@terrencealston370]

@@katieandkevinsears7724 you are correct as guidance counselors are bogged down with preparing kids for the standardized tests so the state won't come take them over. In addition they have to train the teachers how to administer and proctor the exams. So sad as very little learning and life preparations occur.

[@tonysilke]

I love how you take your time to educate your viewers we all strive towards financial stability and a better Life. It is easy to achieve this through the right investment, by living frugally and budgeting. I'm glad I learnt early in life to work hard for financial freedom

[@Nernst96]

Even though I engage in investing, I feel disheartened by my lack of expertise in assessing the performance of individual companies and determining the optimal timing for stock purchases. The erosion of my financial reserves due to inflation adds to my concerns. At this point, I require precise market trajectory information, but I find myself unsure about the appropriate course of action.

[@PhilipDunk]

Considering the prevailing economic climate, I recommend seeking a mentor or a knowledgeable advisor who can provide guidance and support.

[@PatrickLloyd-]

I wholeheartedly concur, which is why I opt to entrust the day-to-day decision-making to an investing coach. With their specialized knowledge and extensive research, it is highly unlikely for them to underperform. Their expertise is centered around harnessing the asymmetrical potential of risks while also employing measures to safeguard against unfavorable outcomes. I have been collaborating with an investment coach for more than two years

[@sattler96]

@@PatrickLloyd- Interesting, I could really use the expertise of this advisors, who's the person guiding you?

[@PatrickLloyd-]

my financial advisor is 'Vivian Carol Gioia’. I found her on a CNBC interview where she was featured Afterwards I reached out to her. she has since then provided me with entry and exit points in securities I focus on.

[@ovrjoyd4u2]

The advice is solid. You don't have to make a extreme salary to build wealth. A budget is key. You also don't have to cut out everything extra. Your change in attitude towards what you spend, save, and invest is critical. Do you need a bigger house, fancier car, daily Starbucks, or expensive meals? Can you affort to pay for them? Avoiding 'bad' debt is key. When you actually get to keep at home most of your take home pay, that is the start of financial freedom. If you look in at my life from the outside, I live in a modest home, drive an older car, and work an average job. But I am debt free except for my mortgage, which should be paid off way early. It can be done. Learning to delay gratification and not focus on appearing wealthy, you can achieve financial succcess.

[@rons5319]

It all comes down to self-discipline. If you develop that, finances will improve for you. And so will the rest of the things in your life. Most of what is discussed in this video requires self discipline.

[@PaulStewart28]

Peace and self control are what I ask God for DAILY.

[@tomlxyz]

I think it's more important to reflect on it all so that being financially responsible is only the logical way to go. For me not spending much doesn't require any discipline

[@MaYbYl8eR]

forgot to mention the elite siphoning off our money from the stock markets and retail margins

[@KoolKeithProductions]

@little drane l hav 1,997 bucks in the bank. How am l doing? lol

[@dericanslum1696]

...most of these are behavior problems at root and not money problems...

[@shaloon64]

1. Vehicles (interest, high insurance, brand new car) 2. Food 3. Useless crap. Drive an older vehicle, don't eat out alot, don't spend on household items that you don't need.

[@rachelfritz]

Or buy a new car and use it for the entire lifespan. With the used car market up triple than new car market right now, I think it might be good to consider a new vehicle

[@eile4219]

Sold my car, i actually make profit. Don't know why. I guess there is shortage on cars.

[@RockOnDoooooooooood]

I never considered being financially savvy until I compared myself with others. I never realized just how much people go out and spend and I guess they don’t realize it too. I know many people are just waiting on their next paycheck so they can go buy or go out. This corona thing really opened my eyes, just save your money for a couple of months and you’ll see how much your bank increases over time and now my obsession is to keep saving and I’ve never felt better. Even bought a house with less than two years of work and now renting rooms

[@Bangin0utWest]

How much u make an hr

[@RockOnDoooooooooood]

@@Bangin0utWest 22 an hour at a warehouse

[@squigglydigglyhead]

don't just save, invest too! plenty of low-risk, low-cost investment options available so you should be able to grow your money more than bank interest will ever give you

[@stephenc2481]

considering 1/3 don't have $400 save...I feel like a millionaire.

[@wokefromhome7389]

I always buy second hand items when ever I splurge

[@alecapaula1856]

The need for creating multiple sources of income cannot be overstated, the outcome trading the financial market has been overwhelming.

[@daviegelo2481]

True the market might be technical but frankly you make a lot when handled correctly, I’m no doer its much too confusing for a newbie like me

[@alecapaula1856]

Even as an intending trader, your approach still has a lot to do, I’ve had my share of losses taking the market all alone, just a couple of months under the guidance of a certified IA and pro ‘ NOUD K MIKAN, and I’m able to record seven months of consistent profit.

[@hovickeard6728]

You got an interesting point, so many take the stock and fx market just for a game, they just get in thinking that’s all to it, but no understanding as well when to get out so as fr lucrative results be a major part

[@diegoa3991]

Thus is good to see, I’m also a beneficiary of Mikan Expertise, His system is indeed money rewarding, he still gets his clients to give recommendations about him, I never do lol

[@alecapaula1856]

@@lewuesonjamie5657 Look up his a name on the web, means to get to him all on there.

[@carrolkeller5298]

My dad taught me, live within your means. I may not have anything but I don't owe anything

[@carrolkeller5298]

If you want to live better, get a better job

[@foodie4128]

I don't agree with what your dad said to you! You should never live within your means!!!!!

[@carrolkeller5298]

@@foodie4128 to each his own.

[@sylvaindemers7384]

Your dad is a very smart and probably happy man

[@carrolkeller5298]

@@sylvaindemers7384 he was. So am i.

[@giumarch5922]

Commitment, discipline and budgeting it is for me. My husband and I were able to saved a lot of money last year while put a-lot of money into stock market and still went on a luxury vacation. Its doable!

[@usadaytrader]

I'd take your money out of the stock market for awhile unless you like taking losses

[@mrguy3746]

@@usadaytrader Um if theyre in low risk low reward ETFs for the long term theyre fine lol. Im pretty sure theyre not in some meme stock or upcoming company that are just gonna burn to the ground a month later.

[@usadaytrader]

@@mrguy3746 u just wait and see

[@mrguy3746]

@@usadaytrader Ok I’ll hyu in 5 yrs and we will see if the s and p 500 is crashed

[@usadaytrader]

Ok

[@raffaelepiccini3405]

As someone who has struggled with managing my finances in the past, I can definitely relate to some of the reasons mentioned in the video. For example, I used to be really bad at budgeting and often overspent on things that I didn't really need. It wasn't until I started tracking my expenses and creating a realistic budget that I was able to get a better handle on my finances. It wasn't easy at first, but now I feel much more in control of my money and am more comfortable with my income and expenses. I think it's so important for everyone to take an active role in managing their finances, whether that means creating a budget, saving for emergencies, or simply being more mindful of our spending habits. It can make a huge difference in our financial stability and peace of mind. NOTE: this answer was created by an AI based on title and description of the video

[@weskarp7643]

WTF? AI robots creating comments.. that's scary... We all need to stop using this platform. Watch DVD's instead

[@weskarp7643]

WTF? AI robots creating comments.. that's scary... We all need to stop using this platform. Watch DVD's instead

[@rubytuesday9539]

I grew up in a household where money was extremely tight. 8 children can do that. I got it deeply engrained in my mind that I wouldn't live like this. I learned early how to manage money and it's tremendously reduced my stress.

[@jsteez96]

keep it up !!!

[@thishanamanchanayake3427]

Why did your parents have 8 kids? Totally irresponsible

[@rubytuesday9539]

@@thishanamanchanayake3427 this was in the 40s and 50s and they were Catholic. It was quite typical then. I wouldn't trade my experiences for anything.

[@haveproblemz545]

Having 8 kids is a terrible financial decision to begin with.

[@davidcastellanos2492]

One of 8 siblings myself and growing up with them was priceless, I wouldn’t change it for the world.

[@devdoesitbest6974]

My sister and I started work at the same time earning minimum wage but after a year my sister still hasn't had more than $500 in her account while I've been soaring over $20k. It's all about being smart about your money and not spending on useless items

[@potato1084]

I work retail too (part time + a student) and could never save that much with this job alone. I have saved a fair bit though tbh. My area is so expensive anyone I know who rents has nothing left over to save. Luckily I don’t rent. I feel very privileged to be able to save as I know too many who can’t.

[@tylerk.7947]

Women…ami right

[@YoungMaskedRedYoutub]

@@tylerk.7947 boooooo get off the stage 🍅

[@jasminedtucker]

And you must not have much overhead as well. No Rent/mortgage? Car note? It's VERY easy to save that much without those expensive things. Good Job tho 👍

[@jaimevaldez3586]

@@jasminedtucker I’m still trying to figure out how someone who makes minimum wage roughly $9 an hour (depending on what state you live in) and working a 40 hour work week manages to save 20k a year, when at those wages would only make roughly $18,720 a year…..thats net pay not even gross. I’m really confused

[@patbhvac1]

I learned a trick when I was in my early twenties to save money for emergencies. If I used my debit card or even paid a bill I would round up. So if I spent $8.50 I would round up to $10. If I spent cash I would save all of my one dollar bills and change. It adds up.

[@PaulStewart28]

BOFA keep the change

[@tomlxyz]

But that would mean you save more the more often you buy stuff and less if you buy in bulk 🤔

[@patbhvac1]

@@tomlxyz I always round up the more I spend. If I spend $85 I will round to $100

[@dabaydestrian437]

I used to buy watches, Jordans, name brand shirts all the time. But this year, I’m buying nothing but food and gas. And I’ll see how much I have by the summer.

[@chrissiology]

I used to have approximately $1,200 in my checking when I used to regularly spend SO much on hair, nails, clothes, etc… Now, I have nearly $10,000 in my checking. (It took me 10 months to save $9k). The secret is to live WAY below your means, but still spoil yourself here and there a LITTLE

[@dabaydestrian437]

@@chrissiology nice! That’s my goal this year

[@Oristarz]

@@chrissiology I agree I’m going to start now I felt all this pressure from tik tok and social media keeping up with “trends” but I know it will pay off in some months

[@gregorycyr9272]

My only spending problem is buying the shiny silky polyester shirts from the 70s on ebay.I love wearing them I already have enough.I have $23,000 in savings and $11,000 on my debit card from my job.By the end of the year I want $28,000 in savings and $15,000 on my debit card.I have $150 that comes out of savings for medical bills monthly.

[@chrissiology]

@@Oristarz Yup, that's why I saved SO much money by keeping myself away from social media. You being on social media means you're FLAUNTING (majority of people). So, "flaunting on others" means "spending money."

[@donnabrannan1448]

When they get promoted, or when their business becomes more successful, most people buy nicer homes, clothes, cars, gadgets and trips. They never put hundreds of thousands of dollars away into retirement savings at a fairly young age, and never start seriously compounding their wealth by investing .The stock market investment still remain the best way to create wealth.

[@ashleybrett960]

The key to big returns is not big moving stocks. It's managing risk in relationship to reward. Having the correct size on and turning your edge as many times as necessary to reach your goal. That holds true from long term investing to day trading.

[@vincenthart4063]

I'm looking forward to investing in the stock market. I am still trying to figure out how the entire thing works

[@donnabrannan1448]

@@vincenthart4063 My advise for you is get an expert. It's really lucrative

[@vincenthart4063]

@@donnabrannan1448 Thanks but I don't know any reliable expert, please kindly make a recommendation for me.

[@donnabrannan1448]

CHRISTINE LYNN SAITTA

[@ExcelTutorials1]

It always amazes me how much small amounts of money can add up in meaningful ways. 2 dollars made a day is 730 bucks a year. Simple math, but 2 dollars saved or 2 dollars made extra a day can make a difference over a few years. At least that has been my mindset, and has helped me take out less student loans as I am a grad student now.

[@obi-wantpastrami8745]

When I was younger, rich people would tell me about saving 25 cents on things here and there. At the time I wasn't able to understand how that would add up to anything substantial. Then one day someone told me about how much money is wasted at gas stations/convenience stores. It all started making sense. Just wish it didn't take 15 years to figure it out.

[@blacklechter706]

730.00 over a year's time is nothing. That's a car repair. Yes you are technically making money but it's nothing significant by American living standards. Not trying to knock what you're doing but just trying to give some perspective.

[@turbochoupette]

@@blacklechter706 i understand your point, but it makes a difference. It makes a difference between paying today for fixing your car or using a credit card and paying interest. It makes a difference on your mental health, having this amount remove a weight on your shoulders in case of emergencies. It makes a difference if it is for long term goals. It takes you around 10-12 years to double the amount you invest. So in 10 years, its around 1460$ you have, only for that year.

[@RayRayCrazy]

@@blacklechter706 thank you finally someone with a brain, imagine you spent all year saving that and then your car breaks down, now what? Lol unless your able to save at least 200 a month then you aren’t really doing anything.

[@tomyunker3368]

Had a bunch of money saved, then the wife lost her job and decided not to work for a while...drained our savings...then she was going to go back but had a stroke...now we are screwed! How quickly things can change!

[@razojacqueline]

Wow, I’m going to think of this every time I want to quit my job before I have another one lined up.

[@2332Stephen]

Rule number 1 dont get married

[@seanmaximus1150]

If she decided to have a break while depleting my funds I would have felt her period

[@tomyunker3368]

@@seanmaximus1150 I'm real close! Then I'd have to live in my truck, might be worth it.

[@ataibsaleem7419]

Respawn

[@Ben-bj1oz]

I work so hard for every dollar, to see it wasted burns my soul lol

[@Bxbza]

Samee

[@UniverseF5]

Same

[@DericAnslum]

...so quit wasting it...

[@LovablexXXx]

Literally was my life last year thank god I got through that lol so now I left my 1300 a month apartment and only paying 750 and got rid of my car note which was very high and brought a car for 3k I had a breakdown and realized what would happen if I get sick and get behind on bills it would take forever to get ahead so I eliminated a lot of unnecessary stuff to get back ahead into the game now I work as a traveling Cna 2 days 16 hr shifts earn me 700+ a week and I had a partner who goes half on bills so I have more then enough to save my Money and make better choices in the future plus spend more time with my child and focusing on my overall health

[@XxAlex530xX]

Wow that’s amazing! Congratulations on your CNA!

[@gregorycyr9272]

Good for you.It can be done.It takes discipline and effort but the payoff is worth it.

[@illahboii225]

That’s right you not playing huh

[@trazzpalmer3199]

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?

[@nickvega591]

Yeah I just got this new job in nyc which is paying me triple what I used too after a year here I realized how all my co workers are living paycheck to paycheck, they usually come from out of state but as for me I am blessed to have this job and been able to save a lot, but going out for a drink with your coworkers every week or every other day will definitely destroy your pockets, I still live as if I got paid minimum wage, I pay half the rent my coworkers pay because I commute an hour to work but it’s really worth it.

[@teresamorris8390]

Stupendous advice on crypto and passive. Tells it like it is,honest opinion. Only promoting what is working in the market

[@cryptoethics]

Amazing opinion promoting what's working currently

[@cryptoethics]

This I most say! in a few months or no time people we definitely be kicking themselves regret for missing the opportunity to buy or invest in cryptocurrency.

[@lucasjecob2487]

How can one generate a successful tips that can be of Good assistance to be financially free thinking

[@TatorNathD]

Please it will be of benefit to me if someone can help with more fact that's working recently

[@TatorNathD]

I don't want to remain out of ignorance because people today have been having a lot of failures in forex and crypto because of poor orientation and bad experts.

[@percivalgooglyeyes6178]

I'm so broke I couldn't even pay attention to this video.

[@ChrisInvests]

😬

[@rbgz246]

Dad joke! But it did make me chuckle

[@Erintii]

Being reasonable with shopping, eating out a little , don't waisting money on gym membership and other memberships are the easiest steps. On-line banking allows to track expenses, at least where I am leaving. I lived in Toronto, Canada and now in Zurich, Switzerland. In Toronto my salary was so low that I barely was able to make ends meet, whereas now in a good month I can save close to 1/3 of my net income per month. I am generally trying not to buy much but one thing I am failing all the time is to keep food expenses low as I enjoy good quality food from good stores and will rather change my job than ever try to save on groceries. As the rule of thumb, I am not buying stuff which I cannot afford from my current salary. The only exemption can be laptop. I don't have car and need none. My next goal is to get a mortage to but apartment, but first I need to eligible from immigration point of view. To get there I will change my contract job into permanent. I will not buy a fancy place but the place that will work.

[@chrischin_94]

Biggest expense for my gf and I besides rent is good quality food. It should be something we invest in for our health. Why do you think gym memberships are a waste of money, though?

[@Erintii]

@@chrischin_94 Because there are free workouts available on KZbin for example. But I am not a sports person so for me this is a waste of money.

[@chrischin_94]

@@Erintii true, and those are good but my girlfriend and I do free weights which are only accessible at a gym because we live in a tiny apartment. I also don't go to an expensive gym so to me I don't even notice when I get billed. Would love to have a home gym someday but even that will take a lot of money cuz weights aren't cheap unfortunately. There are expensive gyms though so I get what you mean if someone's wasting money at one of those when they do the bare minimum

[@chrischin_94]

@@Erintii gas in the states is super expensive now so I'm glad I was able to get a Prius last Summer, everything is going up in price because of the gas since we rely on truckers to deliver everything

[@Erintii]

@@chrischin_94 I live in Switzerland but have no car so I am not very well aware of gas prices but war in Ukraine will hit us all. For gym I have fitness bike and this is fine for me. As Switzerland is a mountain country even in a city there are plenty places to walk or jog up the hill. Hiking trails are everywhere and in general Switzerland is a great place for those who want to stay active outdoors during the whole year.

[@jquinlan94]

I've been working really hard to improve my financial goals and am now working towards 6 months of emergency fund (baby step 3 of 7 of Dave Ramsey's steps to financial freedom).

[@ChrisInvests]

Glad to hear it!

[@thomaschew2191]

The main thing is to have a financial goal. A financial goal and a determination to work towards it. That is where the written budget comes in. It takes a few months for the budget to work but having your income and expenses right there in front of you is invaluable. Just by committing to and having a written budget we were able to find over $300/month that we were bleeding not even really knowing. Once you get started and see what you can do it is amazing how fine tuning your budget actually is fun and gives that boost to keep you going. It is said I think by Dave Ramsey some want to impress people with cars and stuff, others want to impress themselves with a paid off home, no debt and a funded 401k Once you get out in front of your personal finances you will see that most people live above their means and have a ton of debt. Get rid of the debt and lose the stress.

[@MrAvant123]

Constantly buying coffee, buying the latest Apple device, leasing cars you could never afford to buy....Theres a start ! In the last few years car dealers have done more and more to try and hide the true cost of cars from people so that the car companies can increase their margins.

[@GAM-TIME]

This is so correct & on point. I believe we don’t educate children enough about how money works as it all boils down to money in the end unfortunately. I find myself doing most things the right way but then again I still have some things to do better. Thanks for doing your part to help educate us all.

[@ChrisInvests]

Thanks for watching, Brian!

[@frankk1512]

@@ChrisInvests Wages have been stagnate for 50 years its not the lattes

[@brandoinjoque692]

Imagine we were taught actual finances, taxes, how to invest, while in school instead of finding the value of x in random equations. Education system is so outdated, it fails to teach children what really matters once you leave the nest.

[@MaYbYl8eR]

forgot to mention the elite siphoning off our money from the stock markets and retail margins

[@jrus690]

@@frankk1512 For many people I know it is the alcohol/drugs/video games and trying to impress your 'friends'. So no, it is not the Lattes.

[@timclark4195]

I'm really liking this channel. Personally I've been struggling a little with balance. Since learning more about personal finance and investing I became a bit obsessed. The danger is that I'll be very wealthy when I'm 60, but I'll miss out on things along the way in my life trying to save too aggressively. Perhaps you could do a video focussing on balance, and sensible budget ratios for spending today while investing and saving for later in life.

[@ChrisInvests]

That's a great point! I'll look into that. Thanks for watching 🙂

[@AmyBethB]

How old are you Tim?

[@timclark4195]

@@AmyBethB I'm 37

[@redmen2822]

I enjoy the FIRE(financial independence retire early) school of thought. Work your butt off until you've built a 1-2mil investment portfolio, and then reap the rewards of your new found freedom

[@tylerk.7947]

@@redmen2822 What if you die before you get to retire? That’s my thought. I’d be fine working until an older age if it means I get to spend my younger years traveling and have adventures and living life

[@tristenedberg3454]

I don't understand people, I saved up 20K in one year when I was 19 making 50K a year while supporting 3 other people. Even after having my son and supporting my gf I have still been able to save at least $1,600 a month. The plan I made at 19 years old was $1,600/month x 12 months = $19,200. Just make a budget plan and stick to it. Also you can also enjoy life still, and don't forget that the little things add up. Good luck!

[@HaikesXO]

So after taxes you made like 800/900 a week and saved 50% of your income?

[@b3twiise853]

If you paid rent and took care of other people, there is a lot going on that you haven't mentioned

[@donaldlyons17]

IDK how you did that in 1 year because it took me 4.5 to save my first 20K making similar and only having myself to pay for.

[@peterlandriault5733]

Paying yourself first I agree. And it can feel like shopping…open a self-directed account and on pay day buy $500 of stock…it’s a fun dopamine rush like online retail, except you have assets.

[@jbailey3390]

No kidding on the emergency fund. Recently had to take a trip to the ER. I was in there for 2 hours and got a bill yesterday for $2,300. It’s painful to have to pay that much, but thank God I have an energy fund to pay it so I don’t have to put it on credit.

[@maguilla]

Write the hospital a hardship letter ask to pay $800, never pay full hospital fees

[@HughJass-313]

@@maguilla Was Just about to say that!! ❤❤

[@farirn642]

Also, if it's not a crazy emergency like a stroke or heart attac, try urgent care.

[@maguilla]

@Conscious Pennies nothing is free how much do you pay in taxes? I rather have more on my paycheck than give 40% plus to taxes. Second how long is the waiting? If you have to get a surgery or some sort of treatment what is the waiting? Nothing is free

[@lesterparker1594]

@@maguilla I love this dudes comment. “It’s free”. No hell it’s not! You’re exactly right. The government doesn’t give out free stuff. You’re paying for it. People make a big deal about US healthcare costs. Sure it sucks, but I had a $6k bill for surgery. I was able to pay $50 a month for like 2 years and the rest was written off. The government ruins everything it touches

[@erbjp]

This was my dad. Had a car pmt most of his adult life b/c he always had to have sports car. Plus ate out for lunch each day rather than pack a lunch. Always broke but hey, had a sports car to ride around in 🙄

[@PaulStewart28]

My dad did the same with cars but his wife packed his lunches. He is about to retire comfortably because he lived an otherwise simple life.

[@IamR3D88]

The car community is so toxic too, people think they need 500+ hp to have fun. Buy a miata, get laughed at, v6 camaro, get laughed at, 370z, same thing. All cars that you can have tons of fun with, but people get pressured into buying more because they want to be "cool" more than someone who just wants to have fun. There is a ballance.

[@PaulStewart28]

@@IamR3D88 For me, stage 2 GTI for the win!

[@murkyturkey5238]

@@IamR3D88 so true

[@zachhoward9099]

@@IamR3D88 can’t even begin to agree with you more, it’s also full of ego filled people that talk out their ass about how they’ve ‘made it’ in a job, brag about income, and generally shit on anyone who doesn’t have a new high performance car or one that suits people’s tastes, and many times those people they’re trying to impress are people online that they never have and never will meet, or if they do they’re very transient relationships that seldom if ever develop into an actual friendship based on mutual respect. 90 out of 100 times too especially when people who are in their early 20s are living ‘the car scene life’ or whatever you want to call it (modding, cruising, street racing) and think they’ll always be doing that, many of them by the time they hit 30 have grown out of that stage of life and realize it for how childish it really is. It’s fun to modify your car and take it for a cruise by yourself more often than not because the car scene anymore is so fucking toxic and is driven by nothing but empty consumerism masquerading as being an enthusiast

[@blackspiderman1887]

I was working a minimum wage job and I had more in savings than my friend making 80k a year

[@TheGothicRichard]

So who is richer? The min wager with $10K saved or the $80K professional with only $2K saved.

[@mrguy3746]

@@TheGothicRichard Probably the 80k friend who probably bought some assets with the money

[@blackspiderman1887]

@@TheGothicRichard well even though I had more saved, technically she's richer in assets, however it only takes 1 mess up for her to find herself in a situation where she can't pay her bills and have to borrow while I did not.

[@relikvija]

Impressive!

[@donaldlyons17]

@@mrguy3746 Dude she finds a way to live under her income she will be the richest for sure. My little bro makes 5X my income and he hit his first 20K in just one year while that took me 4 years. With money there are so many factors but I would trade in ever dollar of my 39K saved for a 40K after tax income. Reason why b/c 40 each year and me living on just 1/2 means 200K in 10 years (or 240K in 14 years!!!) It took me 14 years to make the 39K so I would switch in a fraction of my heart beat!!!

[@murraybeachtel8585]

First time to this channel. I hesitated to click because on KZbin a lot of these videos are bad trendy advice. You really nailed it here. Wealth is from consistency and planning. Doesn’t mean it is easy for someone in the hole, but it’s the best chance for success.

[@ChrisInvests]

Glad you enjoyed it! Thanks for watching 😁

[@Lilyoregon]

Since loosing my job what has been helping me is my investment in ETFs and penny stocks, accounting for over $ 7k monthly dividends still one of my best decisions in life

[@Thyago2420]

Wow! That is a good passive source if you ask me, how much did you invest to make this much I will like to know more on this

[@collisserbanno8740]

I am on the verge of loosing my job now although I have like $ 15k saved up over a year now I can invest it for profitable returns

[@Lilyoregon]

truth is I don't trade or even pretend I do because I don't have the deep insight and expertise to, so everything is done by an expert Mr Benjamin ravies who happens to be the pillar behind this success

[@Thyago2420]

@@Lilyoregon okay, so how can I reach him myself and any extra info I need to know

[@Lilyoregon]

Benjamin ravies(a)Gmai Lcom...Is he taking commissions for trades? Yes he is

[@fredrickconte6270]

Retirement is wonderful if you have two essentials - much to live on and much to live for. Invest wisely and get good returns.

[@wilsonjudson1650]

thank you, can you give a pointer the best investment now ? i am thinking of getting stocks or cryto

[@fredrickconte6270]

The key to making money in stocks is not to get scared out of them. An important key to investing is to remember that stocks are not lottery tickets. get a financial assistant

[@andrewjudson458]

I think this is also a great time to invest in private equity and cryto. Can you give a pointer ?

[@fredrickconte6270]

I currently work with TERESA JENSEN WHITE a financial expert i met in a seminar

[@dorissteve912]

I recently watched TERESA JENSEN WHITE on TV , such a great speaker . but have you made any profit whatsoever working with her ?

[@marrag1]

One of my biggest financial dilemmas right now: buy a cheap old car and invest in a nice house or live in a crappy house and invest in a new car. But then I tell myself a houses value will always increase but a new car will always depreciate in value.

[@Simplecashmarksman]

Correct. New car = depreciating liability

[@Bxbza]

Great mindset

[@thebridge5483]

I made 80k last year and spent 69k I was shocked when I noticed that if I followed my current budget for this year I would have save 24k by only spending 35k for the year. This year I will be making over 100k I started budgeting, wrote down my expenses and actually have a financial goal I want to save 100k this year 😩

[@mrguy3746]

I saved 100k while making 20 k a year

[@yunga8305]

@@mrguy3746 bro how 😫🤣🤣🤣🤣

[@Coincollector81]

Years ago I was tired of being broke and had nothing to show for how much I work. So I started putting a portion of my earnings into gold, silver and crypto. My life changed when my thinking changed. I can't go back to my old way of thinking.

[@xShareem]

So how much do you make off of that?

[@Coincollector81]

@@xShareem For the time being I'm just stacking gold and silver. My plan is hang on to it for 10 years and see how much I can get.

[@layparisss]

Where is best place to buy gold and silver

[@briannielsen7176]

Doing the right thing works 100% of the time. The reason we do the wrong thing is we think like a child instead of thinking like an adult.

[@MrKogline]

Idk about that, it has been my life experience that most adults are less rational than most children.

[@stephenc2481]

good financial fundamentals.

[@irkiIIer]

this comment was phrased like a child

[@hunchojack5143]

I have 2k in my saving and I’m here because I used $4 from my saving and it’s bugging me 😂

[@ChrisInvests]

😁

[@saeed7099]

God tier video. The number one rule is the absolute best. I tell broke people you gotta save and their number 1 response is I don't know what to save for.

[@massojupiter3436]

Discipline is the reason. Everyone is rational at some point or another and know it isn't good to have some of their spending habits; however it makes people feel good, and at that point is where Discipline kicks in. Some know when they should stop spending after they set a limit for themselves and actually follow through, other say "but these shoes look so good and this meal looks delicious" and so they continue to enjoy the moment. Discipline doesn't care about how you feel in the moment, Discipline is forcing yourself to not spend another 200 dollars on more shoes even though you already bought some the previous day and it made you feel great. Delayed gratification takes Discipline, without discipline you won't get to your goal.

[@andrewdoeshair]

This is good stuff and is soooo true. I’ve been really fortunate to sort of naturally lean toward better spending habits, and it’s paid of tremendously. I paid off a house at 30, haven’t had a car payment since my early 20’s, and I’ve never made more than an average income. My friends who made fun of me for driving the same car twelve years straight started going “MuSt Be NiCe…” when decisions like that one (and wearing the same boots for ten plus years) lead to only needing to pay utilities, insurance, and taxes. I’ve done math for friends and family who have called me privileged to show them that they are just as privileged as I am, they just have a money pit in their driveway and they’re basically renting disposable clothes every season to go spend thrice the value of food on an experience in a restaurant.

[@andrewdoeshair]

Also a friend taught me years ago to look at everything like I look at my gas tank. I know that it costs $80 to fill up my tank, so if I get a raise I’m not going to start spending $120 to fill up my tank- I know the same sort of figure for my food, clothing, entertainment, etc. More money in doesn’t mean my clothes or steaks need to cost more, it means it can go toward my long term goals.

[@ChrisInvests]

So true...everyone says they're broke but their spending habits say differently

[@cubah1]

This is a good helpful video, but the main issue is the salary to expense ratio. Everting gets more expensive, but salaries stay the same. If inflation happens every year, then by that logic so should ones income. But that is not how it works, so little by little the gap widens between these two things. Have yiu seen gas prices lately? Everything is just costing a lot of money. Rent hear in LA is ridiculous. You are charged so much for so little.

[@billiezimmerman2092]

Let’s go Brandon

[@Folaholic]

@@billiezimmerman2092 this has been occuring for the past 30 years, doesn't matter who the leader is. it's just how the capitalist system works. it's how things work

[@BankRoll55]

Really hate how the “People Buy Things They Don’t Need, With Money They Don’t Have, To Impress People They Don’t Like” quote is so regularly attributed to Dave Ramsey now instead of the source, Tyler Durden in Fight Club.

[@returnofthereasoner3200]

The quote actually goes back much further than that. Do a little research.

[@BankRoll55]

@@returnofthereasoner3200 okay, * the most popular modern source

[@anascoinquest1121]

The part about living only for today is so true & I think a lot of the other items on this list relate to that in some way. They want to live in the now so they buy things they can’t afford, indulge, don’t save etc. As much as I wish I could enjoy in ALL of my income today, I also don’t want to in cat food in my golden years. This video was spot on.

[@ChrisInvests]

Well put...it's all about balance. Thanks for watching 😁

[@Sir_Meezy]

Lots of good info in this video. Credit cards are not bad, it’s the way people are conditioned to use them, that makes them bad. Also, student loans can be looked at as bad debt.

[@donkeefe6222]

I agree I have four credit cards only have a balance in one of them and recently closed one that had a yearly service fee that would have came out at the end of this month..o the one I use I see as a revolving line to secure a better credit score

[@wolfpackflt670]

Student loans is the worst kind of debt. Worse than loan sharks.

[@williamtummler6903]

The first step to getting out of debt, is to figure out why your in debt.

[@3am856]

This is why your not broke… because god fixed you. Broke is something that doesn’t work or cant be fixed. Love fam

[@shino8854]

So many people I know have saved for retirement, only to pass away from illness only months or years after retirement. Spend what you can within your budget and enjoy life, you never know when you will take your last breath.

[@angelikabrown4247]

or retire early while you can still enjoy it...not at 65

[@eleonoraarredondo9231]

I know many elderly people who never save for retirement and can barely get by and have to live on what people give them or have to continue working even though they can no longer

[@gavinkeddie8540]

Lifestyle inflation. I see people living in crummy apartments driving Mercedes and bmw sedans everywhere.

[@AverageGamerXP]

Even though I’m very low on expenses and probably gonna have to ask for a little assistance with my car insurance this month (19 years old) this video is pretty much spot on. I understand budgeting I’m actually a very good budgeter; I just wanted to live life as if I don’t have bills to pay and now having to live with the consequences of not making good financial decisions like wasting 20$+ on Door Dash everyday and wasting 300$+ on a Nintendo Switch to just play Smash Ultimate which was 60$. Budgeting and Saving is really easy you just gotta have the discipline to do so and if you’re like any other young adult and want to live life now you’re gonna be a broke individual.

[@ChrisInvests]

I hope you price your insurance around because the prices vary so much

[@ivan2jzbunny]

Yes also try to get your insurance with a parent if possible it makes a huge difference

[@murkyturkey5238]

Sounds like you need to work more hours

[@XxXRage115XxX]

What kind of car?

[@tomathetaurus]

This really did help. I’m moving out in 2 weeks and we’re headed to it now already in a recession. I just want to be prepared so I’m not forced to move back home or sleep in my car.

[@squirrelcovers6340]

I retired at 49 with ZERO debt. It's just common sense.

[@ChrisInvests]

Great 👍

[@williamdavis4809]

Congratulations on all your success

[@serasebilo]

very informative and interesting... thanks for bring up the wisdom

[@ChrisInvests]

Thanks for watching 😁

[@stuffbenlikes]

Well, there's also how corporations put a lot of effort into making sure that basic costs to live take up most of our income. The amount people have to spend on housing is far, far higher than it was when many of the older commenters on here had to worry about it.

[@donaldlyons17]

Older people and many people in general have bias. They sometimes got lucky and other times they had good jobs. BUT everyone will not get lucky and all have good jobs. Behavior is not more important than income!!!!!!

[@jwil4905]

Wrong.

[@stuffbenlikes]

@@jwil4905 Thank you for your substantive reply, I totally understand why you think I'm wrong in excruciating detail. Your one word comment has turned my life around, I'm a whole different person. Your contribution to this conversation just goes above and beyond!

[@donaldlyons17]

@@jwil4905 Dude people like J Will have possibility syndrome. They tend not to look at stats. Cost relative to what “average” incomes are have gone up. I don’t know anyone with only a little specialist education that does ok.

[@jwil4905]

@@stuffbenlikes Don't give yourself that much credit. You'll never understand, victim.

[@dameonjones3102]

I confess this is me all day!Great info and a lesson learned to do better.

[@ChrisInvests]

😂 glad you realize it 😂

[@Americanpatriot723]

My journey into FIRE in the current bear market has taught me a lot of lessons, at the top of that list is that it never pays to live above one's means. I have managed to grow a nest egg of around $600k to a decent 7 figures in the space of 14 months. Sad to say but a lot of us have poor money management skills. My 2 cents -get an advisor to keep you accountable and aid you make better decision, I find it better to pay a little bit more for peace of mind than worry about money or market trends and still get burned

[@MIchaelGuzman737]

I couldn't agree more, the trick is simple yet difficult always make more than you spend.

[@TruckeeFam]

I totally agree, money management is vital to early retirement, reason I prefer my day to day investmnt decisions being guided by a Investmnt-coach, seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns and inflation, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using a invstment-coach for over 2years+ and I've netted over 1.5million.

[@kashkat987]

​@@TruckeeFam I've been thinking of going that route, been holding on to a bunch of finance KZbin suggested stocks that keeps tanking and I don't know if to keep holding or just dump them, think you invstment-coach could guide me with portfolio-restructuring.

[@TruckeeFam]

@@kashkat987 Sure, the Investmnt-Coach that guides me is "Theresa Mary Chamblee" She's popular and has quite a following, so it shouldn't be a hassle to find her. just search her.

[@kashkat987]

@@TruckeeFam Thanks, her website popped up on the first page immediately I searched her, I read through her resume and seems pretty tight. So, I dropped a message, hopefully she replies soon.

[@EricDaMAJ]

The only thing I don’t like is budgeting. I think looking at expenses can be good to see where money is wasted. But budgeting all the time can also be tiring and depressing. In my life I automated deductions from my paycheck to investments and learned to live on the lower income. I did shift deductions up or down at times. But no matter what you earn, there’s always someone earning less that’s doing just fine. Learn from them.

[@mikeg3439]

Honestly if you are managing your expenses so that you are investing and not going into debt, that's pretty good man, right? I don't know that you would, therefore, need to focus much on budgeting. I keep an eye on it just in terms of ensuring income remains greater than outgrow, while I work on the various reserves (emergency, investing, set-asides).

[@t_c5266]

Budgeting is easy. Just stop buying a ton of random shit

[@OGbqze]

I want to be a Machinist, I love CNC machining. But how come every company only wants to pay $16-$20/hr???? My little brother at the age of 16 just started working at a pizza place making pizza for &16/hr... I hate saying that what I do is more or less important, but when he's making $20 pizzas and I'm making $1000 CNC parts, I think there's a slight difference that should be shown in pay. He puts sauce and pepperoni on a crust, I have to program using G&M code and CAD on my own $500 laptop. I have to understand different tooling, material properties, touching off tooling, creating fixtures, understand trig.... I think machinists are beyond underpaid.

[@ChrisInvests]

Wow, I thought they were paid much more than that

[@OGbqze]

@@ChrisInvests me too. I'm not sure which profession I should take on next.

[@amanda1500]

Have you looked into tool and die occupation?

[@BriannTt]

I’m 24 and saving 20k yearly.. can’t invest yet but I can see myself financially free in my 30’s… It’s about mindset and fight agains your mind bc all the time we want buy clothes or Starbucks… I ve been struggling w coffees but I’m already aware that I’m doing wrong…now little by little I will work on it

[@ChrisInvests]

Great, hopefully you'll be able to invest soon!

[@Man_in_a_Gucci_Suit]

Saving 20k yearly I assume by living at home?

[@kimmer6]

I'm nearing 70. I'm pretty sure there's over $400 under my couch cushions because I drop everything and it hurts my back to pick it up.

[@donna-elizabeth]

Live within your means. The only quote I ever needed.

[@shanehess8950]

Great video .. should be shown in schools and universities as well as in work orientations. Basic and to the point 👍💰

[@ChrisInvests]

Thanks Shane!

[@tuneunleashed]

They will never do that.

[@bigsky5526]

Your videos are always much appreciated.

[@frankedusolutions8535]

It's nice to see the experienced persons in passive income share their experience and knowledge.

[@whatapp-tm6gd]

Yeah exactly. It is really nice. I earn 250% income on my trading thanks to getting the right information.

[@johnsonbenjamin9639]

Please I have been trading for a while and I don't seem to be able to cut it.

[@frankedusolutions8535]

I am still surprised that there are people who haven't availed themselves to the various opportunities on the KZbin or social media.

[@whatapp-tm6gd]

Exactly but I am not surprised because I too just started profiting from it. ..

[@johnsonbenjamin9639]

Please how can start getting money from my trades.

[@DR-re8tp]

Had a o crap moment awhile back when I looked at my bank account one day and realized that I did not have enough money to get food or gas to work (one or the other kind of a thing). So I forced myself to build a budget on a spreadsheet and cut out fast food. It worked really well and now I have at least 6 months worth of income saved up.

[@BlueDutchCigarillo420]

Since i stopped smoking weed and cigs 5 years ago my whole life changed financially. Went from and apartment with a used car with 200k miles now i have a 300k house and a scat pack. The only thing i spend my money on now is food gas and bills

[@yunga8305]

Is weed really a bad spending habit ?

[@BlueDutchCigarillo420]

@@yunga8305 it was for me. I was spending $50 a day. I used to smoke at least 5 blunts a day

[@yunga8305]

@@BlueDutchCigarillo420 I smoke 5 blunts a day to and don’t spend nowhere near that daily on weed 😂 I live in Oregon where weed is way cheaper and honestly smoking weed shouldn’t have anything to do with your success

[@BlueDutchCigarillo420]

@@yunga8305 honestly thats good for you but im not in a legal state. I make 80k a year and still felt the effects financially from spending as much as i did on bud on top of all my bills. Im not sure how old you are but i can assure you that Expensive habits play a very big part in success and how long it takes to become successful

[@sharky6404]

Recently, I went off budget and started having more expensive habits. I need to get back on track.

[@houstonbella2871]

it’s important to get passive income, I get mine investing on the fx market and stcks.

[@alecapaula1856]

It’s so simple but true, you can’t expect to be successful with just daily jobs. Every true successful individual has multiple sources of income

[@allanumar1054]

It really is not so easy as you say, I’ve been on the market a while and I can say for a fact profiting requires careful study and analysis of the market

[@allanumar1054]

How are you making profit?

[@houstonbella2871]

Well you’re right, it’s technical nature calls on the need for professionalism and expertise as regards profit making.

[@houstonbella2871]

I’ve been with a licensed adviser JRonald Jack His system has ensured me really lucrative outcomes on my trade portfolio.

[@Hailnut]

I very recently stopped buy things I don’t need. And only spend money on bills and things that I really need. And the amount of money I have left over in my bank account every paycheck is amazing

[@ChrisInvests]

Sometimes all it takes is something small like that! Glad it's working out for you 😀

[@coffeewiththeunknown8302]

I paid off my credit cards then cut them up. Also I’ve been trying to tell myself I don’t need to buy an iced coffee everyday.

[@ronbonora7872]

Broke because they live beyond their means!

[@joimumu]

Agree 100% sure it easier when you are paid well but most high paying people are also broke

[@ragingelefants]

@@joimumu I know a guy making 125k year and is living pay check to pay check. Has pawn items until pay day. Can't even get his blinker switch fixed in his car. I even offered to install it for free. It was a 26 dollar part and he couldn't buy it. Definitely living out side his means and buys anything and everything that isn't helping him

[@ronbonora7872]

@@joimumu champagne life style on a beer or coca cola budget.

[@ronbonora7872]

@@ragingelefants champagne life style on a beer or pepsi cola budget!

[@nightfangs2910]

Work a job only to build an escape plan from the first day you start, invest, buy rental property etc. simple but not easy, very doable if you're willing to make sacrifices for the first few years

[@davidlinehat4657]

Budgets are scary if you've never done one, but they are so relieving! knowing that you have enough money to spend on certain occasions and not constantly worrying about getting overdrafted at the bank is such a freedom.

[@ChrisInvests]

That's a great point!

[@mayhemvr7561]

Rent being 2 grand a month is my blame on being broke

[@blaircrace1593]

Same. And they keep upping the rent.

[@mayhemvr7561]

@@blaircrace1593 yep and it won’t get any better anytime soon. It’s horrible for us.

[@benthomas9776]

Rent is through the roof, inflation is driving up food prices, all while wages stagnate. Don't get me wrong, it's always a good idea to try to live within your means, but I'm tired of being told that my avocado habit is the reason I'm poor when the system is so obviously broken for those at the bottom.

[@steadyjohn1024]

I am 25 . This video will come in hand . Thanks for the insights.

[@ChrisInvests]

Thanks for watching 😁

[@rbchill]

Not eating out is sooo difficult for me. But I gotta do it. I've started with not ordering alcohol when I eat out to start bc that increases the bill 😩

[@ChrisInvests]

Yeah the drinks have such a huge markup!

[@Furry_Wall]

Switch to soda at least. Free refills and still good tasting

[@rbchill]

@@Furry_Wall if I'm going unhealthy I'd rather it be alcohol 😆

[@mochachloe]

Sometimes I only drink water when I go out to eat imagine every time you went out to eat and got a soda for 2-3 dollars. I do order sodas for special occasions but not as often as every time like I used to. I cant imagine how expensive alc drinks can add up. Stay strong $$$

[@ImVeryBrad]

I ALWAYS get water to drink. Free and healthy

[@muiscnight]

I've saved over 20k by not having a car bill anymore after paying 300 a month for 8 years I told myself I will never finance a new car if I can help it. I'm riding it till the motor falls out.

[@ganasilas9435]

*Despite the economic crisis, this is still a good time to invest in Crypto and Gold*

[@harrylucas4068]

Bitcoin trade is great unlike the stock market and other financial markets. Bitcoin has no centralized Iocation since it's operates 24 hours in all the parts of the world and with the current world crisis it will be wise to invest in it now in order to save for the future

[@BishopCharlesFranklin]

Crypto is the future 💯

[@kowalskiwilson2234]

Investing in these economic crisis will be one of the best thing to do

[@zakharrusnak6856]

I got 80% of my total portfolio in Bitcoin and it has been great Returns

[@carterbrowny7602]

I wanted to trade crypto but got confused by the fluctuations in price.

[@paulkal4909]

hard to have financial goals when you don’t make enough to cover your living expenses, this is imaginationland for most americans.

[@marcommj]

I was on board til you said invest. Because investing in any company or stock or currency is money gambling, invest in yourself! Learn as much as you can about what matters to you in life and make a living out of it

[@4ll_Pretty_0_Ability]

Spent $100 on videogame, absolutely regretted it. This is just the right time to get this recommended. I'm just a freelancer, doing digital arts earning $2500-$4000 a month, it depends on how often I get clients. It's pretty decent considering I'm still in highschool.

[@leopoldorincon7108]

What I like to do when it comes to making big purchases like a new phone, TV, ect. Is that I categorized those as Birthday and Christmas purchases. Being an introvert also helps since I don't go out much and just chill. But I've been able to not go under $10,000 in my bank account, and still be able to buy the things that I like. Pro tip: Stop wasting your time, money, and energy in trying to impress a bunch of people that don't even give a fuck about you. You are only adding unnecessary stress to your life. I'm just lucky that my sister told me that in my late teens.

[@heinrichallen476]

OK, now my rant. 15 years ago I took my son for freshman orientation at a state college. The school had all kinds of booths set-up giving free pizza and tee shirts if you applied for a credit card. I was shocked at how much money is paid to the schools from these companies to sell their wares while the school holds no responsibility for any education on how credit works. I feel that a 2 week course on money management should be required for all freshman but then, I guess, no one would take out the deadly student lifetime loans.

[@ChrisInvests]

Wow, just goes to show you what the priorities of the school are

[@amanda1500]

Lol, that's where/ how I got my 1'st credit card 27yrs ago, just as you described. I got myself in trouble, but fortunately I learned fast that I didn't like giving away money for interest and changed my ways after working 2 jobs to pay it off. I agree, this definitely needs to be taught in high school.

[@jaylen8822]

There’s no such thing as “good debt”. The borrower is slave to the lender. Rental property is just using debt to your advantage.

[@MrOccyc]

I agree with you. It’s a term the foolish believe in.

[@anotherstart1]

Enjoyed Video, Very true and am working on it everyday.

[@paulc8092]

Most of this is common sense stuff that many people lack and the rest of us pay or suffer for it also. Fortunately nobody in my family circle and friends are like that.

[@TheLeah2344]

This is facts. I started saving money and paying off my credit card early. Then I ended up in the hospital before my health insurance went into effect but since I saved money I was able to pay off my hospital bill. I also budget every month. On the other hand, I have a family member who bought a nice car he could not afford and now he is paying a high car note. He also did not save his money and spent recklessly. Now he has to work two jobs because of his poor financial decisions.

[@sagekevin6473]

Reasons People Are Broke: 1. No GamePlan for your money 2.Trying to Keep Up with the Joneses 3.Gambling 4.Drinking 5. Fashion 6. Smoking 7. Eating out too much 8. Shopping too much 9. Jewelry 10. Being in the Wrong Relationship

[@alloush5995]

where on how and what or where to invest money, large or small sums?