Spring Clean YOUR FINANCES | Your Rich BFF

[@williamspach2322]

Biggest lesson i learnt in 2023 in the stock market is that nobody knows what is going to happen next, so practice some humility and low a strategy with a long term edge.

[@garnold-l5p]

You're correct. I think the smartest way to go is to spread out your investments. By putting your money into different asset classes like bonds, real estate, and stocks from other countries, you can lower the risk if one part of the market goes bad.

[@Mlanderos-t9e]

That sounds like a good plan. In the past two years, working closely with a financial market specialist, I've built a six-figure diversified stock portfolio. Now, I aim to diversify even more this year.

[@Raniyanhunter]

Talking about a financial market specialist, do you consider anyone worthy of recommendations? I have about 100k to test the waters now that large cap stocks are at a discount... Thanks

[@Mlanderos-t9e]

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

[@danoscar-v9f]

Excellent share, just inputted Teresa L. Athas on the internet, spotted her consulting page ranked top and was able to schedule a call session. I’ve seen commentaries about advisors but not one looks this phenomenal.

[@wifeybaby4001]

You should make a video of how to properly invest in the Roth IRA

[@Laura-gz5jp]

How about how to invest with your HSA??

[@mssunshine6259]

I love watching Your Rich BFF, Stock Brotha, & Everything Money. Love them all! ❤ ❤ ❤

[@applefarm6126]

I recommend Gabe Bult as well.

[@Jersderakerguoe]

We Are in Unchartered Financial Waters! every day we encounter challenges that have become the new standard. Although we previously perceived it as a crisis, we now acknowledge it as the new normal and must adapt accordingly. Given the current economic difficulties that the country is experiencing in 2024, how can we enhance our earnings during this period of adjustment? I cannot let my $680,000 savings vanish after putting in so much effort to accumulate them.

[@nicolasbenson009]

Keeping some gold is usually a wise decision. You would be better off keeping away from equities for a bit or, even better, seeking advice from an expert given the current market conditions and everything that is at risk with the current economy.

[@DorathyJoy]

You have a very valid point, I started investing on my own and for a long time, the market was really ripping me off. I decided to hire a CFA, even though I was skeptical at first, and I beat the market by more than 9%. I thought it was a fluke until it happened two years in a row, and so I’ve been sticking to investing via an analyst

[@ScottKindle-bk3hx]

Could you possibly recommend a CFA you've consulted with?

[@DorathyJoy]

My CFA ’Melissa Terri Swayne’ , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.

[@CraigLloyd-fz6ns]

I deeply appreciate this invaluable advice. Swiftly, I conducted a search on the name, crafted an email outlining my financial market ambitions, and scheduled a call.

[@kendavies8351]

The avg. American is having a tough time, I know I am not alone. There are others in same position as me. By certain statistics: 22% of americans have no retirement savings. 64% are worried that they will not have money in latter years while 47% of adults who are not yet retired think they have to work part-time in retirement. How can I best grow the 100k I have saved seperately outside retirement access which of course had depleted over the years?

[@karenwilliams9653]

Think about actions you’re taking that might be harming you such as carrying over credit card debt each month.

[@SamanthaSanchez-sj5el]

I agree with the reply above. I also think you should think about steps you can take to start. Start somewhere. Anything is better than being frozen even.

[@AnnaWoods-rm7cf]

In my opinion, create a budget including income and expenses, do this with a financal advsor.

[@AnnaWoods-rm7cf]

Make sure you do the planning with a professional if possible or you won’t really have a successful retirement. I work with Monica Mary Strigle and generated over months under guidance.

[@Donalddavies-gc9rb]

In retirement red zone, if you haven’t saved enough, cut expense. Don’t celebrate and buy a car when you get a promotion. Use science and math when it comes to money, sock away more money.

[@CharleneCong]

It's so easy to get caught up in the routine and overlook opportunities for improvement. One thing I've found helpful is setting aside a 'money date' with myself once a month. During this time, I review my spending, track my progress towards my goals, and brainstorm ways to optimize my financial strategy. Great content and I also did a video with this topic, welcome to check it back!!

[@morganseppy5180]

This used to be called "do your bills" bc you're forced to look at the statements to pay them.

[@veronicagraves5621]

Thank you. ❤

[@DubaiCashStuffer1]

Thank you! I didn’t think I had subscriptions but this made me double check😀 good points about budgeting. I love budgeting and cash stuffing

[@Atika-vb7gq]

Thanks soooo much ❤🎉😊

[@supalpatel6649]

Thank you 🙏🏽

[@flyingfoxes.]

Time stamp would be helpful

[@NurseMJ986]

Hahaha. Me and the cancellation dept of ATT are first name basis for years. Then they finally did not want to give me a deal on my cable so I cut the cord…finally. Should have done it earlier. Don’t miss it a bit.😂

[@YourRichBFF0]

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[@joliehan2824]

Vivian, I am 35 looking to start my Roth IRA now... what do you suggest I invest? (I want something easy and safe where I can just continually invest and forget that it there!) I have your book, but I haven't gotten a chance to get to the investment part! Thx!❤

[@Tbill19-95]

Target date fund would be perfect if you're looking for a set it and forget it diversified fund. For example, you're 35 so you might pick a 2060 fund or 2055 (representing your retirement year). This fund automatically adjusts its allocations to become more conservative as you near retirement. Congrats on your next big step in your wealth journey 🎉

[@YourRichBFF0]

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[@maymaydiva]

Can you make a video on CD accounts would love to know your thoughts! Is the interest made taxed?

[@YourRichBFF0]

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[@YourRichBFF0]

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[@margaretr.4427]

Looking into the Sofi deal, it says in order to get 4.6% apy on checking and savings you need a direct deposit total of $5,000 per month. Otherwise you will get 1.2%.

[@morganseppy5180]

Gotta pay to play

[@wbekki]

There is no min for direct deposit. The $5000 is for other non deposits/ transfers. I only have 2% of my paycheck to get it.

[@atan1092]

Hi! Where did you buy your shirt?

[@Keyur904]

Really nice video! I was wondering if i can help you edit your videos and also make highly engaging shorts out of them.

[@pok3629]

Great video! Would rather watch you than Dave Ramsey tbh

[@YourRichBFF0]

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[@danielr3085]

Vivian I hate my tax guy. No response rude incompetent secretaries who yell at the customers. Me, so ignorant in taxation, helplessly patient though all these abuses. How can I find and switch to a better cpa?

[@biblioholic7139]

Your state's Department of State board of accountancy (or similar) should have a list of all state licensed CPAs that you can check into along with complaints filed. The AICPA and state equivalent organizations will have lists of CPAs that opt into membership. Depending on how complex your situation actually is most people can get away with using tax software. If your income/expenses stay similar you can look at prior year returns to see where the accountant put the amounts as a check on what the software spits out.

[@MrDavidDRM]

New subscriber, thank u for the content. Have to ask and hope u can make a video response. I'm 51, with a low mortgage rate, very little debt in the South. How can I calculate if it's worth moving to SF for higher pay, but higher mortgage rates and presumably higher cost of living. Is it a dumb time to move? It doesn't seem like it will get better anytime soon. Maybe I should grow my wealth where I am and move later, hopefully not too old? Thx 😊

[@YourRichBFF0]

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[@RacleandRaHill]

I want Sofi HYSA but the stipulations are so restrictive😭 and they dont have Zelle?

[@isabella07]

-I believe Ally allows for Zelle and they have a solid APY :)

[@YourRichBFF0]

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[@HumorousPhantom]

Do you have a podcast?

[@IBDASHID]

Yep. It’s in the description of this video 🚀

[@carlabrown85]

I have a friend in her 80s who has roughly 30k in the bank. A relative told her to put 1/3 of her money in CDs. Can she get good returns on that? Thank you very much.

[@YourRichBFF0]

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[@rayzee0285]

What do you 401k (which i get) and investment accounts? Like a Roth IRA? I max out my Roth on the first week on January.

[@YourRichBFF0]

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[@YouTubetail]

Hello I love you hehe😊

[@YourRichBFF0]

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[@mreega4812]

Rich bff use that money to educate yourself on diet and exercise and overall well being don't let money take away the wealth you can't get back from money

[@YourRichBFF0]

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[@johnqcitizen9177]

Sorry. I attempted to watch one of your videos on kids and roth. Ira’s. As I was listening to you talk you had loud music playing while you were talking. So I clicked out and watched another video and the same thing. So sorry I will not be subscribing or watching your videos. Good luck

[@YourRichBFF0]

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[@blushbaby5278]

No way she is 30 she looks 38

[@farahjoubert5187]

I know!! she is just so young to be helping so many people. I’m happy she got far in finances to help so many of us.

[@Jamsway]

Who asked tho?!? Ppl need to understand you don’t have to write everything you think.

[@blushbaby5278]

@@Jamsway But i did write everything i thought. Now what about it?

[@calliel9159]

The intro is so cringe that I can’t watch her videos anymore

[@zuhawk15]

stop bitching