MONEY GOALS: Investing, High Yield Savings, Emergency Funds, Cash, & More

[@TaylorBell]

THANKS for watching friends 😊 I appreciate you!! Let me know... 1) Do you usually carry around some/a lot of cash? 2) Do you have an emergency fund? If so, how many months of expenses do you have in it?

[@gregbradbury847]

Meet Kevin has convinced me to use my stocks as my emergency fund. If I absolutely red the money I can quickly liquidate. Especially since you can borrow at 2%. Credit cards all the way.

[@perlesand1139]

Really enjoyed the video, Taylor!! It's nice to see someone my age that I feel like I can relate to more talk about these things :) For cash, I usually carry around a bit (mostly to exchange it into laundry quarters haha), and yeps I keep around 6 months of expenses in my emergency fund, but have more liquid assets (like SPY and stocks) available should I need it

[@Michael-ok6pe]

Carry ~$40 Cash with at least $5 bill a $20 bill and $5 in ones and almost never use. I have 16 months of saving in a high yield savings but really is a house fund/emergency fund combo as I don't like a bunch of accounts of things.

[@AA-ke2ns]

I carry enough cash to get a public transport back home 😂.

[@kobe0007]

I was taught to always carry $40 but that's because supposedly it is enough for a mugger to not hurt you. Lol. Always use a credit card, you can't miss out on those sweet points! My emergency fund is too large right now. I have a year salary in my emergency fund 😬. It just kind of grew out of control.

[@taylorschofield9411]

Everyone from Graham’s channel: “Yes! Another finance video to binge watch!”

[@TaylorBell]

HAHA happy to provide for yal 😂 More to come!!

[@Jaesais]

Bruh, you literally read my mind

[@oltionnushi1404]

I just subscribed her when she mentioned Graham actually :P ;P

[@evansabermarando]

You’ve learned from Graham about getting us to smash the like button!

[@TaylorBell]

Gotta remind the people!! 😎

[@burntlogicz4375]

You should totally make a before starting your new job and after finance summary (how much you spend, how much you have invested, save, etc.). I’m sure your viewers would love the transparency!

[@TaylorBell]

Love that idea!! Will def make some videos on spending, and the before and after would be really interesting too!! Thanks so much for the input 😊

[@alainacginger]

I’m a 25 yo female, and I max an HSA, max a Roth IRA, contribute 10% to a 401k at work (work also contributes a 6% match and a 5% base contribution), I have about a year’s worth of expenses in a HYSA (probably want to buy a condo with my partner in the next 3 years), and I have about 2 months of expenses in my checking account.

[@TaylorBell]

Wowwww you're ALL set up, doesn't get any better than this 👏 Hats off to you for doing this by 25!

[@ATasteOfBeauty]

That’s awesome! What’s an HYSA?

[@angelineoh6116]

@@ATasteOfBeauty High Yield Savings Account

[@lizhunter7431]

1. I carry cash ALWAYS, especially because I'm a reseller like you. I have two different spots in my wallet for business cash purchases and personal cash purchases. 2. Emergency Fund - always 3-6 months in somewhat liquid assets - as in I can take out within a week. I used to keep much more in just savings and checking, but realized that in this day and age, you can get to most of your other funds within a week.

[@TaylorBell]

Very smart to keep your business and personal cash separated! I feel like compartmentalizing the two is super important, and not just for tax reasons 😂 And very nice for your emergency fund. Sounds like you're all set up!! Yep pretty easy to liquidate what you need fairly quickly, I'm with you there

[@mitchhamrick3117]

Thanks!

[@TheStiegler]

You're on the right track! "Timing the market" will never beat "time in the market"!

[@TaylorBell]

Loove this saying! Couldn't be more true! 😊

[@bernardo.daSilva]

Came for the beauty.. staying for the finance.. Had to smash that like button cos that's what Graham Stephan thought us.

[@TaylorBell]

Love to hear it!! Thank you 😊

[@aimy.22]

I found you by searching nyc vloggers. I love your energy, expressions, experiences and most of all that you honestly share how you do your finances which is so so helpful 💜💜💜

[@bitanyagebremichael9600]

Exactly we don't talk about it enough. I'm about a year younger than you, and studying finance. I am so glad I found your channel! :)

[@kathi_like_kt6593]

Thanks

[@BlueConsignment]

Money talk! Love it. I think you have a great strategy set up for your money and really like the idea of setting money in a high yield savings account for specific purposes, like travel. I personally don't keep cash on hand very often, sometimes I wish I did for that rare occurrence its needed. I'm just too lazy to go to the bank and get some out and too cheap to pay ATM fees lol. The only time I have cash on hand is when my Grandma sends me some in a card for my birthday. Yes, I have an emergency fund. Especially for right before my transition from tax accountant to reseller. I'm pretty good at making my money stretch for as long as I need to (aka holding back on spending for anything but necessities). I don't look at my emergency fund in terms of months of expenses but rather, how much do I want to have readily available to feel comfortable should any situation occur.

[@TaylorBell]

Thaaank you Macy!! Always love an accountant's stamp of approval ;) And yep same here with cash-- I want to start carrying $20 or so for gas or other emergencies, but I always forget lol. And very smart with your emergency fund, I think that's a great way to look at it. Great plan to save up before you made the career switch, I'm sure that was a scary jump to go from having a steady income stream to an unpredictable one (even though you enjoy reselling so much, ofc)!!

[@jurgenmeyer948]

You are the best

[@DesertMav]

Very solid video on personal finance. I will sometimes carry cash around, but not at all times. I also have a lot of my money invested into multiple accounts such as two brokerages, one active mutual fund, and a Roth IRA and 401K. I have a little ways to go though since I have been working hard to pay off my credit card debt and student loans. I know that I can pay off my credit card debt 100% this year and I don't have much of an emergency fund yet, so I am trying to build that up as well this year.

[@TaylorBell]

Thanks so much Matt! Nice job to have paying off those debts as a top priority, not enough people know to do that. Sounds like you're on a great track 😊 Excited to hear your progress!!

[@duttaprit2.0]

OH Man 401K 😁

[@coltondavie4114]

This is really good stuff. Can tell the qual of the content is increasing and I think it casts a wider net then your postmark stuff for the most part (or in addition to it)

[@TaylorBell]

Ah thank you so much Colton, appreciate that. And I'm glad you think so- that's exactly what I'm trying to do! Cast a wider net and start to cover more and more of my interests 😊 Also invested in a new microphone for the sit-down portions of my video.. hope that improves the quality a bit too 😊

[@karrrot]

even better EFT's are VTI or VOO. lower fees and VTI is broader. continually impressed by your knowledge at such a young age, well done! great info here

[@crashboat01]

Hi. First , your advice was spot on. Since we've touched on your move to NYC, thought I'd use that as a real world example as to why you should always have some cash on hand. One word "blackout". Lived through the blackout in NYC and guess what 2 things were basically useless; debit and credit cards. So on that day the only folks who could buy anything were those folks with cash. Also agree that you should have some local currency when travelling. In part due to the example above plus as you correctly noted some countries ( especially in Europe) are still cash driven. Just like you I would go out for dinner or drinks and several businesses only wanted cash. Plus occasionally if you use smaller banks, ATM's abroad could be hit or miss. Had this problem in Tokyo. Everything is sound advise. Let us what high yield accounts you find. Currently use them but none are near 1%.

[@TaylorBell]

Thank you so much Lou!! Glad to hear you agree with these points, and SO true that the cash situation definitely varies a lot in other countries. Woah, yep that blackout was probably a big wake up call to a LOT of people to keep some cash on hand... sounds scary. Especially if it were to go on for many days on end. I'll definitely give an update on the high yield account, I know Graham Stephan put out a great video outlining some that pay 1%+ APY (though some of them come with stipulations, most of them seem pretty good). This is the video I'm referencing, kzbin.info/www/bejne/mX-5XmCIbbKcfKc , but will still come out with my own when I open an account 😊

[@crashboat01]

@@TaylorBell Sorry. Hit the down by mistake. Fixed it.👍👍

[@TaylorBell]

@@crashboat01 PHEW hahaha thanks Lou 😂

[@dandindejesus4907]

Voo and Apple those are my life savings.. if they go down I go down. Win together lose together! Nice vid!

[@TaylorBell]

Hahha i've got a whole lot in Voo and Apple too!! 😂 and Thank you so much

[@kameshmv8870]

I stumbled on your vlog to learn how New York people live. Thanks for allowing us to peek in to your life. Good going. ❤❤❤

[@mikebayless4268]

What a very detailed plan without throwing out any hard numbers! But we want to hear how much! 🤑

[@MashoodSabir]

ahh great video Taylor :) and so calming and relaxing to watch :) and aha great motivational and goals and too see them come true is even more better :)

[@KevinBriggins]

You are a very wise young woman and well on your way. Keep it up!

[@gurucharanchundi]

I'm gonna be 18 this October and can't wait to finally start investing! Saving up and cutting down on purchases I don't need. Gathering as much knowledge and info in these few months to get started! I mean truly the internet is so amazing. What a time to be alive, right? 🤩😃

[@williamhand6303]

Definetly ur best video yet

[@TaylorBell]

Thank you William!! So glad you liked it 😊

[@devinparker1748]

Great video! good info as always! I got ETF's, 401K, a handful of tech stocks, 3 month cash emergency fund. Done pretty well over the last 3 years or so!

[@miked7212]

Great video! I like all the things you said in it. I don't usually carry that much cash on me. Most of my money I have right now is in the bank. I enjoyed watching! 😊

[@TaylorBell]

Thanks so much Mike! I also never carry around cash.. still don't even after putting this video out 🙊Glad you enjoyed!!

[@miked7212]

@@TaylorBell Thanks! You're welcome! Yeah, I don't ever carry much cash on me!

[@EmilyDowgialo]

I used to put cash into a box in my room! Wish I invested it earlier but oh well hahaha loved your video, I hit the like button!!

[@TaylorBell]

Hahaha same here girl. But ah well, better late than never 😂 And thank you sooo much, so glad you liked it!! 💜

[@Reporterfy]

Actually selling derivates Puts on the SPY / 3 times a week actually nets higher.

[@Helthurian]

Cash doesn't exist in my mind for some reason. If I don't see a number drop in my bank account or a number rise on my credit card, it's like the transaction didn't happen. So, I usually recklessly spend cash, which is why I never carry it. I also SPY as well because most can't consistently beat it as you said. Have some crypto too, was a small % of my portfolio until it grew much larger. Good vid!

[@thomaswolff3261]

You are absolutely right about not timing the market. Timing the market is just plain foolish! Your videos are great and my wife is very jealous of the view from your apartment! Anyway, I dont keep any cash on hand, I just have no use for cash these days. We live on our credit card, get the miles, and take trips around the world! We have an emergency fund of about 6 months of expenses. We both throw a lot of money towards retirement and we have a taxable investment account with individual stocks. The stocks are pretty boring, blue chips with solid dividends, and I dont chase flashy investments. I have nothing in crypto and most likely never will. I like being a boring investor 😉

[@VentiTimes]

Been a while, glad to see you’re back :)

[@TaylorBell]

Yess took a little break, but happy to be back also!! Thanks for being here 😊

[@VentiTimes]

@@TaylorBell you’re welcome :) hope you had a fun break

[@d.t.eklund1148]

It’s so gratifying to see a personable, funny, intelligent young lady use her talent to post useful videos. I just stumbled upon your content and am binge watching. There’s so much ridiculous garbage on KZbin, while yours are constructive and entertaining. Plus you’re cuter than cut-buttons!

[@TaylorBell]

This makes me so happy to hear, thank you so much! 😊

[@ijyoyo]

Lowkey ready for a Taylor bell master class

[@TaylorBell]

ahahahaha maybe one day 😎

[@thehomeless_trucker]

I rarely use cash and only keep two cards on me at all times. Both are credit cards. I'm only budgeted a month ahead currently, but eventually I will make my M1 brokerage account as my "emergency fund". I was leaning towards keeping a 12 month EF, so that's why it will end up in my brokerage account. But it all depends on your risk tolerance. Write down every possible thing (within reason) that will take a dollar out of your wallet this year, and create a sinking fund for it. That way your "emergency fund" will only be needed for true emergencies.

[@lilimontes6767]

Great video and advice, Taylor! It's great to see another girl my age in the personal finance community :)

[@TaylorBell]

Thank you so much Lili!! 💜 Totally agreed, I've been loving to see more and more young women in the finance community. Such an important topic!! 😊

[@anthonyalvarez124]

Wow ! Change it up! That's awesome! No cash , only credit cards! Only when I travel I carry cash! Definitely gonna invest in stocks as soon I get my KZbin channel going, which I'm working as we speak! 😊 Looking forward to your next entertaining video! 😎

[@TaylorBell]

(late response Taylor here) YES pretty much same exact story here! Thanks so much for watching Anthony 🎉

[@Ultramonk27]

I carry some cash on me cause I'll never know if I misplace cards, lose them to theft, or any other scenarios. I just graduated college, and the thing I liked about cash in college was that it was a limiter for me at times to be wise with direct spending. I could be wise with a card, but that is easy to just swipe and it helped me to make better decisions. Depending on the job I get in the future, I will definitely have an emergency fund for sure, but I may also keep a good amount of cold cash on me for various scenarios.

[@shaungrace9164]

Good show! Thought to help investors: What about a U-turn bank investment. User wins 4% annually, they win 3.7%, bank takes cut. Opposite: User loses 2% in financial year. Insurance is deducted from account and account is restored to previous years cash level. We've all this digital coin and craziness but no stable guarantee that wins for all. (Better explained: the bank uses its 10 or 11% fixed assets to print 2% extra (from above example) and restoration of bank account occurs) Plus: If the bank account cannot be restored for some avalanche financial reason, the gov gives tax back to a business as gratitude for having stable money that isn't offshore

[@hero2006]

Excellent job. You'll be a very wealthy woman in the future.

[@TaylorBell]

Thank you so much!! That’s the hope 🤞🏼

[@kobe0007]

I have too much in my checking too. If it makes you feel better, I was going to throw it all in the market in April of last year but instead I sat on it. Missed out on a lot of growth. I do auto invest regularly but it's not set high enough. So I accumulated a large emergency fund slowly over time.

[@TaylorBell]

Oh no!! Well same here, we live and we learn 😂 And good for you, sounds like you're on a great track. Can always bump up that auto investment amount if you have the $$$ on hand 😊

[@desertoasis2024]

I don't really use cash for anything unless it's absolutely required where the merchant is cash only. Most of the time I use a debit card. I have no credit cards. Watching your channel is both entertaining and insightful.

[@benengle9621]

Yes, Taylor, t-mobile money is 4% apy up to $3000

[@benengle9621]

Checking account. It's also easy to make transfers to your other bank accounts.

[@TaylorBell]

Ohh good to know! I don't use T Mobile as my provider anymore but their bank accounts seem 👌

[@patxiabasolo3522]

Living in Spain carrying some cash is a must, although i don't like carrying too much, so normally around 80€ I'd say

[@TaylorBell]

Yes!! When I studied in Barcelona and Madrid, I always carried around 80€ as well :)

[@kevincowan2639]

It sounds like you follow a core satellite approach with your investments. Good luck with your journey

[@hakimahussaini4907]

What high yield saving account specifically should we put our money in? Which bank in particular? Thank you for useful information :)

[@FrancisMacomber1936]

Overall great foundational steps you point out here. A quick suggestion: VOO costs 1/3 of SPY and does the same thing.

[@TaylorBell]

Thanks! Need to make an updated one of these haha have been investing in VOO for over a year now (Bc of suggestions on this vid!) 😊

[@abhilash8973]

You will do exceptionally well in a TV series that revolves around consulting, like Emily in Paris.

[@TaylorBell]

Omg thank you so much! That would be awesome ahah

[@jiayuexiong7785]

Similar strategy on tracking the S&P 500 index fund and blue chip stocks. I chose VOO to track cuz it had a little lower expense ratio. SPY and VOO are all good options. I also invested some of my “leftover” RMB cash in some of the Chinese index funds. I watch some Nate O’Brien’s videos for personal finance ideas. Thank you for sharing your strategies!

[@TaylorBell]

Ahh yes very similar! I started going for voo instead of spy because of the lower expense ratio as well. And love Nate O'Brien;s vids, he's awesome. Thanks sm for watching! 😊

[@jiayuexiong7785]

@@TaylorBell You are awesome too!! You’ll go very far on KZbin because you have positive, passionate, and driven spirits! Yes lower expense ratio will take effect when the total amount is large❤️

[@MalachiMunn]

I recently graduated high school, and received cash from some family and friends. I use my discover cash rewards credit card (graham approved 😜), but I still have like $600 cash just chilling in my wallet... I really should take it to the bank.

[@TaylorBell]

Congrats!! And nice, Graham taught you well 😎 hahaha well I let waited until after college graduation to the bank if that makes you feel any better 😂 sounds like you’re on a good track :)

[@Sydney_monroee]

I use to love always having cash in my wallet. But over the past year it’s just been much more convenient to use debit/credit. Over the last 6 months- I have only been using my credit card to earn some cash back of course!

[@TinaLeder]

Money Taaaaaaaaalk❤❤👑

[@TaylorBell]

Yessssss!! 🎉 💜

[@EnterANameReal]

use CCs 90% of the time but carry about $150 in person $500 laying around at home $3k in safe

[@TaylorBell]

Niceee sounds like a good strategy. Could get that safe money in a high yield savings account 😉

[@jacki_00]

Great Video! 🥳 Following my long answer to your questions and how it's like in Germany. lI've like 30 to 40€ cash. So just some cash, but sometimes there are places where you (still) can't pay with card. I don't have a credit card. In Germany credit cards are not the standard but everybody, at least age 16 or older, has a debit card. I've got a pass book with money like from my confirmation. It grows very very slooow, but nothing can happen to that money so it's kinda like an emergency fund, but not quiet. I don't have to pay rent or anything like that due to still living with my parents. I'm paying in an investment fond every month. That's saving for when I'm older and wanna buy an apartment or anthing like that. I want to have another debit account when I've got a job with an higher income for travel and also functioning as an emergency fund. At the moment I'm just a student at University. Also want to learn more about and try stocks.

[@noamkeissar6599]

I would recommend to save about 20% or more for investing in the future for example: every month to deposit some money to your investing account and invest it over time, or to save it and invest when the market is lower.

[@JamieAmos]

Yessss, great video, Taylor! And YES to the day-trading comment. I always lol at the TikTok videos of 20 year old day-traders like...???? Always appreciate your insight. xo

[@TaylorBell]

Aww thanks Jamie, happy to see ya here 💜 And lolll right?? I think it's so mis advertised as a for-sure way to make money. Ah well lol thanks for watching girl

[@shelbyblu5439]

Nice money talk! High yield savings account sounds good. I’ll definitely look into that! Thanks!💜

[@TaylorBell]

Why thank you!! And goodie!! Thanks sm for watching 😊

[@tanim9272]

Great video Taylor keep it up! if i remember correctly, Graham's old favorite for the more traditional high yield savings was Ally, but nowadays its probly yotta🤑

[@TaylorBell]

Thank you so much Tanim!! So glad you enjoyed. And haha yup that sounds about right 😂 Have been watching more of his vids on this recently

[@billdtravelandfinance5509]

I previously carried and used cash religiously...still my preference, but got sucked into the credit card points, and looking into card churning (I blame that one on Graham and a few other youtubers lol)

[@bukhtawarwaqar9365]

Love your videos. You have a radiant personality

[@TaylorBell]

Aw thank you so much!! How nice

[@abbeyandhoney5578]

Loved this video! and woah you modeled! that's so cool! I've never been a huge finance person, but I'm starting to find more and more of this stuff interesting. To answer your questions-I NEVER carry cash (Spain was definitely the exception). I am working on building my emergency fund! I sadly don't even have any months of expenses saved....😬 but gotta start somewhere! I recently opened my first high yield savings account with Ally! I also have been dabbling in stocks...hoping to invest in more than just individual stocks.

[@TaylorBell]

Aw thanks so much Abbey!! It was fun to do for a few years 😊 And I feel ya hahah the older I get, the more fun I think it is 😂 Same here on cash hehe and exactly, just gotta start somewhere! It can be tough during the pandemic, everyone is in a different sitch :/ Good for you, I know Ally is a good one!! You got this 💸😎👏

[@Zaerki]

Good seeing you again Taylor. No asmr please lol! I keep like a month right now, but I'm building it up a bit. I have a couple stable income sources so it doesn't seem as big of a deal to me.

[@TaylorBell]

Aw thanks Chris!! HAHA dw there will be no ASMR 😂 I just got a new mic so I was playing around with whispering into it hahaha and very nice! Sounds like you're on a great track 😊

[@samkawer]

I carry very little cash I use a debit or credit card to pay for everything so it’s easier to keep track of your spending and expenses

[@DanielG300]

Love the episode Taylor!! Great video. :) As Graham has taught me, I have smashed the like button for the youtube algorithm... Lol

[@TaylorBell]

Woohooo glad you enjoyed it! Thanks Daniel 😊

[@duz4]

instead of spending cash on travel you should start doing credit card churning if you don't already :) . you can basically get international flights for free by utilizing credit card signup bonuses.

[@TaylorBell]

Ahah yesss once my expenses are a bit higher, I'll definitely dabble more in credit card churning. Good thing there's a guy we know who has alll the best videos on that ahaha. Lucky for me I already fly for free because my dad was an airline pilot! 😊 Thanks so much for watching!

[@joymae]

LOVE LOVE LOVE ALL OF THESE GOALS AND TOPICS

[@TaylorBell]

Thanks so much girl!! So glad you enjoyed hehe

[@Buzzlitebeer13]

Props for the Dunder Mifflin mug!

[@TaylorBell]

Hehe thank you

[@joshmanthei9511]

Here's a couple of thoughts on overall investing in general. When you look at the future value formula, the experts always stress time because it is the exponent. However, one of the most underrated inputs of the future value formula is the rate of return. For example, is someone maxed out their 401(k) and IRA (for a total of ~$24k) for 50 years, the difference between averaging 8% vs 9% per year would result in a $6MM difference. Finding something that gives the best rate of return over the long haul (time and pressure) creates the biggest impact.

[@TheCollegeChris]

so you're not adjusting for the risk free rate or inflation or expenses so I would cut that in half and 8 or 9 percent annual returns is crazy high over 50 years. also you aren't considering taxes on your gains or income in the case of retirement accounts. With your strategy and 25k it would be more realistically to say a mill maybe 1.5 to 2 with a Roth IRA as it would be tax free.

[@rupertdyer5238]

Very practical video Ms.Bell,learned a few things, knowledge is power, am subscribed!☺️💲

[@LuxandTux]

I dig these videos, you've got a great personality for youtube. Definitely keep a small amount in cash to pay for emergencies. But otherwise I break up my savings between short term investments, long term, and high yield savings. You're doing great

[@TaylorBell]

Thank you soo much! And nicee that sounds like a perfect strategy. I've done quite a bit of investing since I put out this video actually, excited to share some progress 😊 Thanks so much for watching!!

[@stephenlane9168]

Great strategy. Genuinely enjoying your videos Taylor.

[@Bigfoot_With_Extra_Stuff]

We bigfoots usually keep our savings in caves and hollow spaces in trees, maybe we should start investing it

[@TaylorBell]

Lmao same pretty much until now. Maybe you can find a high yield savings cave

[@michaelwetzel6457]

Hey Taylor, I just found your Chanel and love all of your videos! I am a business major and currently in college. I have never meet someone with the exact same views on money as me, like the exact same!! You are the coolest!

[@singhjaskaran9998]

Not only is ur video informative but the silly humour that u add to it makes it even more enjoyable. + Ur super cute (and u know that already...lol)

[@TaylorBell]

Thanks so much!! Glad u enjoy

[@rubysfitfam9208]

I like to use cash when I support small local businesses. and for gas because it's a lil cheaper price

[@nathanyoder4509]

I usually have some cash on hand for emergencies. Great idea on separating accounts for travel etc. - might have to try it one day. Thanks for the video😁

[@TaylorBell]

Always a smart idea!! And aw thanks, yeah I feel like compartmentalizing is helpful for sure! 😊 Thanks so much for watching Nathan

[@cookingthebooks901]

Queen Taytay is back 💜💜💜

[@TaylorBell]

Awww HELLO!! Thank you for being here!! Happy to be back 💜 💜 💜

[@mika2666]

I never carry cash, the only time i use cash is when putting it in birthday cards, pretty much no point to cash here in the netherlands where everyone can accept payments via their phone and businesses all accept payments via debit card

[@mika2666]

but I do still have a lot of cash in my room because the bank doesn't accept deposits at the moment due to corona so I have to go to the nearby city to deposit it

[@mika2666]

For the investments I have 1/6 in crypto, 2/6 in stocks, 1/6 in index funds, 2/6 in savings/checkings. No emergency fund because I live at home with my parents, going to do that when I finish uni & get a fulltime job

[@TaylorBell]

Very nice!! love the diversified portfolio. And same here, really started thinking about building up my emergency fund once I graduated. Sounds like you're on a great track 😊

[@peterblandings3413]

wiser. not "more wise." a small thing, but it really clangs increasingly with each use. btw, you're going to be huge. saw you on graham's coffee hour and you did great.

[@TaylorBell]

Ha, I thought they were interchangeable and both grammatically correct! I learn somethin new every day! haha and thank you so much, I really appreciate that 😊

[@tomludlow1]

big fan of that book shelf

[@TaylorBell]

Thank you!!

[@hebakhan692]

Wonderful video bell. Love from India 🇮🇳

[@TaylorBell]

Thank you Khan!! Hahah love from Los Angeles

[@joesmith9483]

I find laddering EE bonds is a great way to build an emergency fund. If I don't use the money after 20 years the money doubles automatically.

[@danielalexandre7344]

Love your humor! :) Keep the hustle 🦾

[@TaylorBell]

Aw THANKS so much! Will keep it up 😎

[@4djectives]

What do you think about buying Gusd stable coin and earning 6-8% annually instead of a "High Yield" savings account?

[@TaylorBell]

Not sure that's for me! But I'll look into it 😊

[@paul59572]

Hey Taylor great video. Gave the video a quick thumbs up 👍🏻. As for your questions 1) I try to carry around a little bit of cash at all times and if I’m going somewhere that I know I might run into a situation I’ll withdraw some additional cash for a just in case scenario. 2) Currently since I’m living at home I do not have many expenses but I do have an “emergency fund” built up to estimate future expenses just to have it so when I get those expenses I have it built up already. Hard to say how many months though. I’m also planning to buy a house within a few years so I’m saving up for that situation with a separate savings account. And I do have a Roth as well as an individual investment account. My Roth is just in a target date retirement fund and my individual account has more individual stocks including Tesla which I bought cheap lol. Trying to diversify more into an S&P 500 type fund. You may have made a decision on your savings account but I have both Ally and Discover both have advantages but personally I like Discover so that’s would recommend for you but both are good options.

[@Maryb-j5k]

Wow Taylor! How much money have you accumulated before even starting work? You say I have sooo much money in my checking account! Wow! Then how have you NOt invested it so far? You sound so smart about investing. I don’t think normal people who don’t have family’s support can accumulate that much money

[@jehan9986]

I just find about your channel because I am wondering how a consultant life is like, and here I am binge watching your videos. You are really great storytellr and I hope you see this. I like to hear about money stuff from a woman my age, less intmidating and coherent. Your videos are literally treasure, I admire your smart way of living because you seem like you knew what you wanted, or was smart about. living life. I admire that. Overall, this channel is a treasure . So many helpful tips.

[@thehomeless_trucker]

"Sinking funds" can be a great tool for savings goals. If you can keep a 50%+ savings rate even after moving to New York, you will be set. 🙂

[@TaylorBell]

(late response taylor here) Most definitely!! And yess that's the goal. Will try to save as much as I can and will def make some fun videos about that 😊

[@afsarimran5824]

Your videos is so helpful and full of enjoy Love from pakistan❤❤❤❤😍😍

[@23chickentacos]

If you decide to go with Graham's "Yotta Saving" it'd be awesome to see a review.

[@TaylorBell]

For sure! Will do a review with whatever I go with :)

[@gurucharanchundi]

WOW, that camera angle in the car was soo good, for a sec there I thought it was CGI. Not kidding 😃

[@TaylorBell]

Haha thank you so much!!

[@georgeshepherd6431]

Can you lose money in an SPY ETF? How would I go about investing in that?

[@biggestbullsfan8569]

You should get VOO instead of SPY. Same index and less fees

[@TaylorBell]

Yess several people have commented this now, I didn't realize there were fewer fees! Thanks for the tip :)

[@JohnTheIntern]

Quick question-with your investments, do you have a percentage you put into SPY each month, and a percentage you put into the blue-chip stocks? Ex. If you had a $100, do you put X % into SPY and Y% into the blue chips? Thanks!

[@TaylorBell]

No set percentages at the moment, but when I have my steady paychecks starting to come in this month, I'll probably create a more dialed-in strategy!

[@Sydney_monroee]

Question- So why invest in SPY ETF instead of the S&P 500? I have never heard of it before. & who do you go through to invest in SPY ETF? I am invested in S&P 500 with vanguard.

[@TritonTv69420]

Barely ever carry cash on hand. Back when the world was normal i would keep about 20-40 dollars if i was going to go eat and stuff. Emergency fund aka savings is around 3 years of expenses. (Saving for a house)

[@TaylorBell]

Yep same here with cash.. almost never carry it but want to start carrying $20 or so for gas emergencies. And good for you, 3 years is a lot to save up! Hoping you find a great future home :)

[@TritonTv69420]

@@TaylorBell thanks. The cash was for tips. I honestly feel dumb having that much in a low yeild savings account. But with the volatility of the market this last year im cautious to put a bunch in there. I might buy this year. Who knows. Good vids taylor. Cya in the next one. Ps love the whoosh transitions.

[@MooreIncome]

I don't usually carry a lot of cash around although I think it is helpful as it is harder to spend frivolously unlike swiping a card. My wife and I just started giving ourselves a cash "allowance" that we can spend on whatever we want outside of our budget. We did recently start building back up our emergency fund after having to use it last year. We had 6 months saved up last time, but due to increased expenses due to buying a house we now have saved up about 3 months of expenses. I have always tried any new high interest savings account I could find but they always ended up cutting the interest to almost nothing or going out of business. Recently I have been putting my money into Worthy Bonds which gives me 5% annually. Not a lot of people talk about them but I have been using them for 2 years now with no issues.

[@TaylorBell]

Same here with the cash, and so true it's tough to spend it frivolously! There's something about handing over a bill that hurts a little extra lol. That's a fun cash budget idea, I think it's always great to treat ourselves here and there if we can afford to. Good for you for having that emergency fund going into the pandemic... I'm sure that helped out a lot. And super good to know about your experience with the high yield savings and Worthy Bonds. I'll definitely be looking into both before I choose which way to go! Thanks so much for the input!! 😊

[@mariajosechaves9398]

Hey Taylor! Great video! A video explaining how to invest or the steps to invest would be very helpful! Have a great day :)

[@VIM731]

I was very irresponsible with my money until I discovered the minutiae of personal finance and investing and in turn began my path to becoming a financial advisor. I tend to carry about anywhere from $20 to $100 in cash at any given time. I have a question, why not a regular S/P index fund? I'm guessing ease of liquidation...

[@zooeybarn3971]

you’re SO refreshing! I don’t like your content, I really LOVE them! regardless of generations, and economic trends, I think you highlighted 3 main (timeless) pillars of money: saving, investing & emergency. you’re the new Buffet. BETTER than him! (You should also maybe partner with Ellevest!) go girl! 👏👏👏 re: your question on carrying cash-> I’ve not carried cash since (well forever) but since 2006. I was sometimes using even debit card when I didn’t want to use CC, so I don’t have to use cash but then… I move to Berlin. And every single neuron in my brain tries to unlearn what I’ve been doing! It’s 60% cash region (I was told that most of that 40% happened literally because of Covid!)

[@AA-ke2ns]

The city scape views on the thumbnail though 👌🏻

[@TaylorBell]

Ahh thank you 😊 Took that on a 42nd floor in Midtown