The 5 Spending Rules (that SAVED my personal finances)

[@FearableBucket]

I have yet to find a youtuber who goes more into depth about how to travel better, financial advice, and EDC; the three things I HYPER-focus on. Thank you, Maurice for making such high quality work, and for opening my eyes to what I could do better in my life. You've DEFINITELY earned my subscription, and I'll definitely be coming back for more!

[@RyanContreras72]

Managing money is different from accumulating wealth, and the lack of investment education in schools may explain why people struggle to maintain their financial gains. The examples you provided are relevant, and I personally benefited from the market crisis, as I embrace challenging times while others tend to avoid them. Well, at least my advisor does too, jokingly.

[@SandovalGerald]

Investors should exercise caution with their exposure and exercise caution when considering new investments, particularly during periods of inflation. It is advisable to seek guidance from a professional or trusted advisor in order to navigate this recession and achieve potential high yields.

[@SophiaBint-wj8wn]

I 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 adviser

[@RyanContreras72]

Through closely monitoring the performance of my portfolio, I have witnessed a remarkable growth of $485k in just the past two quarters. This experience has shed light on why experienced traders are able to generate substantial returns even in lesser-known markets. It is safe to say that this bold decision has been one of the most impactful choices I have made recently.

[@alicebenard5713]

I’ve actually been looking into advisors lately, the news I’ve been seeing in the market hasn’t been so encouraging. who’s the person guiding you?

[@blessingpaul5484]

Wow, that’s stirring! Do you mind connecting me to your advisor please. I desperately need one to diversified my portfolio.

[@josei.sanchezjr.3581]

I'm glad I found YOU!!! You are human, and funny. Thank you you make my day

[@StarDarkAshes]

A lot of times I think to myself I could get this new thing but it doesn’t matter what I buy. I’m never gonna be satisfied because I’m always going to see some new thing that I really want so I might as well just not buy anything and be in the state of wanting something new since I’ll just be there after I buy some thing anyway.😂

[@JaySmith-pv2mw]

I made two semi-impulsive watch purchases last year. I did eventually sell one but I'm keeping the other. I am prohibiting myself from any major purchases for the rest of this year even though I have the money. I want my finances to be intentional as much as possible.

[@bjorn_]

Here’s an evaluation I often use … Would I buy it if it was paid with: • the first money made (difficult to earn due to low salary) • the last money I have (needed for essential stuff) • the latest money earned (possibly for you too: easily made and with a positive account balance) Remembering how tough it was to earn the first money and weighing in essentiality often results in a decision not to buy.

[@ChrisCarroll60525]

Love your videos-short enough to be digested, actionable, and you have such a positive vibe! Thanks for the hard work!

[@louandbarb]

I wish I had seen your video an hour and $75. ago! lol! Super useful. Thank you.

[@daleadams6097]

I Do the same thing lol. I take a photo of everything I want. However, I don't wait a 2 week period it's a wishlist that I go back to every now and then too see if I still want them. I'm also very compulsive buying habits lol.

[@THAILANDCANUCK]

I sort of do the photo of things trick but instead of photos, I put things in the cart on Amazon in Canada or Lazada here in Thailand. Then after a while I go through them and start deleting items that really don't say, buy me.

[@pretentiousname01]

The one “oh shiny I should by that channel” that doesnt try to always get you to buy that new shiny

[@pretentiousname01]

This smells like a pitch for an 'ask me how' and then getting me to send you money@jacobstones809

[@caelointheclouds]

Maurice, you are absolutely incredible!! 🎉🎉 you’re the jack of all trades when it comes to what I need to look for for guidance!! I appreciate all the hard work you put into your videos! Dont forget to you order the 2024 Travelers Notebook Calendars and Pencil Board. (Major necessity)

[@WealthWhizAcademy]

So practical! Thank you for this!

[@andrewchang4371]

Thanks . Very clear and doable .

[@lovinglife3954]

I do similar to your photo rule and put things on my amazon wish list, in the cart, or on subscribe and save. I go through them and often wonder why I put something on there. Putting it in the cart, I read somewhere, gives about the same dopamine rush as actually checking it out. I can't say if that's exactly true or not, but often I add tons of stuff to cart, knowing I won't ever buy it.

[@s-c..]

Guess I’m going to have to take a photo of that Pakt case then!

[@atngaming2019]

Ur a very creative dude, I love it 💪

[@StarDarkAshes]

A lot of times though when I see something I get FOMO if it’s something that might sell out and so a lot of times if I have the money, I’ll just go ahead and buy it so the two week rule for certain things doesn’t make sense especially if it’s something like a limited additionpocket knife that you know everybody and their grandma is going to want to buy as soon as they see it in two weeks that is not going to be there

[@corinardh8635]

Always love your videos

[@lindatruong7128]

Lol I have that exact Dwight Schrute bobble head! But… it was a gift okay!?

[@PhilMakesThings]

I’ve been applying the 1 week per £100 rule. If there’s something I want, for every £100 it costs, wait a week. It’s amazing how time puts nonsense into perspective. Did I want that Bulova moon watch? Yes, but 6 weeks later I’d forgotten all about it.

[@john1023va]

I'm very partial to the Seagull 1963 in your collection.

[@L-K-Jellyfish]

I put those impulsive wants onto wish lists and Pinterest and organise them in categories. Then I forget about them. I still get a little dopamine hit from acting on the impulse but without the financial damage

[@donphillips4635]

The 2 week rule is a great idea that I need to implement 👍

[@Kevinbrian1]

You should try joining a financial community where you interact with people of similar idea and also earn weekly.

[@Kevinbrian1]

Search for Marcia Ann Bice on google for more info on how to get started

[@mr_glasses]

Hey Maurice! FIrstly, love the videos, ever since I first discovered your content, I've been hooked. I have a pretty unrelated question though, I've been looking for calisthenics rings and wondered how you feel about yours. I figure since they're in this video, you must use them a decent amount, otherwise you wouldn't have justified buying them :)

[@lheurech]

I have yet to find a way to stop my FOMO. There's a sale, must buy FOMO. There's a lifetime deal on software, must buy. Mixing business and personal account too.

[@thelifeofjools8384]

That's cruel man 🤣 Giving us advice on how to reduce our shopping....and then suggesting watching your video trip to the traveller's notebook flagship store ! So cruel :) Atb 👍

[@johnpowers5687]

This video is a game changer, I have been looking for the best way to increase my income and start up my retirement, but I really do not know much about investments and trading stocks. I keep postponing every single day that passes, but I want to begin now. How should I start? What do I need to know?

[@johnpowers5687]

I know I can't do any investment by myself, because last time I tried, I lost all my money. I am serious and interested but also scared of losing money now. What can I do not to end up with same result as last time.

[@johnpowers5687]

I have done some research, and what I need is an excellent financial advisor to assist me with what I want to do. A good recommendation will do. Thanks.

[@johnpowers5687]

Looked up her name *Robin Brezik* and found her website, interesting stuff so far, about to schedule a session with her. Thanks.

[@bruceharlick3322]

Great set of rules; thanks for sharing them! Love your videos.

[@parrotheaddanny]

Thank you

[@soundboy89]

That's a sick slingshot

[@pawanchouksey9996]

make a video on time saving rule cause i just wasted my 6 min even when i don't have money even if i want to .

[@Sakurasan2023]

Great video ❤

[@FbtGl]

Top Video. I calculated the factor of accrued and reinvested interest from my age until 65 (possibly to retire earlier or to leave it to my kids). If you multiply the price of a good with this factor, you get the value of thos sort of money in three decades (in my case). I stopped buying nearly everything.

[@MenQuotes001]

kzbin.info/www/bejne/p4mZn3qEpLx9oKs

[@illadelph407]

Weird timing as I have been diving into my personal finances with my wife more frequently lately. No matter how we look at the numbers 1 thing is very very clear. It really has little to do with how much we bring in, that number stays fairly consistent. It has EVERYTHING to do with what we have going out! Its shocking to see some of the things you spend money on each month and when you start digging deeper and chatting with friends you realize how many of us live outside of our means. We all need to take a deep breath, be grateful for the things we DO have and continue to find ways to enjoy life. Although I agree with Maurice, we all have our weaknesses and mine seems to be concert tickets... 🤣Cheers All!

[@namenamenamename7224]

Look at this guy with his name brand tape measure 😂. Just kidding, another great video.

[@pedrogamboam]

I send my wanted items to my cart/favorites list and leave it there for as much time needed to delete it from the list. If with time I don't delete it I seriously consider buying. More then 99% get deleted with time... Hehehe

[@cheezybred]

My problem is trading cards, sneakers and watches 😂

[@archeewaters]

3 are the same rules i use, with different wording. :)

[@MatthewMorse]

I love this. I’m turning 40 in January, and I’ve been wanting a certain car for a while. I told myself I would get myself that car for my 40th IF (and only if) I can pay down all my other non-mortgage debt (minus one personal loan that I have, which has a set and predictable monthly payment so is easy to budget for). So far, I’m about 80% there. Having a clear and defined goal with a positive reward helps me achieve things better than just saying, “well, I’ll get the car and figure out the rest later.”

[@Kevinbrian1]

Search for Marcia Ann Bice on google for more info on how to get started

[@USAonAir]

I watched this video a couple of time and found it very insightful and inspiring. I was ready to apply the knowledge right away. Unfortunately, the next video played was the one about Travelers Notebooks. And here I am, seeing -$240 in my credit card after purchasing notebooks, pens and accessories. Thank you, Maurice!

[@Kevinbrian1]

You should try joining a financial community where you interact with people of similar idea and also earn weekly.

[@Kevinbrian1]

Search for Marcia Ann Bice on google for more info on how to get started

[@TheESMAT07]

For quick buying on Amazon problem, I put the thing I want to buy in the cart and decide the next day and remind myself there might be a better deal out there that can make me feel bad if I rush into buying. Next morning the rush is gone, I check quickly if there is other alternatives, and then buy it. 😊

[@MH_6160]

Amazon is so addicting because it makes it so easy… I started comparing prices with amazon and Walmart + and most of the time consumables are cheaper

[@TheESMAT07]

@@MH_6160 Not to mention headines like "LAST ONE ON THE STOCK!" and "GET IT BY TOMORROW!" Like if I would die if I got my stupid-last-one-on-the-stock shirt the day after tomorrow!! 😂

[@Kevinbrian1]

You should try joining a financial community where you interact with people of similar idea and also earn weekly.

[@Kevinbrian1]

Search for Marcia Ann Bice on google for more info on how to get started

[@TheESMAT07]

@@Kevinbrian1 You really think my ideas worth something?! Thank you sir/ma'am 🌹 Definitely one day I'll collect all my ideas and summarize it in an appropriate form (video, book, ..etc) but I need to become rich first, otherwise most people won't listen :) And when I be come rich money won't be a consern to me so I guess I'll just do it for free! 😄

[@gregpetrov6919]

Ingeniously! Thank you very much for sharing 🙌

[@wildlifelouie]

Why on earth don’t you just buy the lens used 😂

[@franciscomoreno7627]

thank you Maurice! i feel hopefully about my debt now

[@mileswithmassottos]

Great video and amazing plan. The steps are a good idea I do something similar with Amazon. When I am shopping whether idea from a video or something that I think I want, I leave it in my cart for at least 3 weeks before a make the purchase. At the end of that time and I can still justify the need (instead of wanting) I get it as long as I can pay for it with cash. Yes, there are thing I want and those are purchases I want to leave off the credit card. Amazon can be a dangerous path if you are not careful. Watches are my weakness too!!!

[@MenQuotes001]

kzbin.info/www/bejne/p4mZn3qEpLx9oKs

[@nickm7010]

Very good video brother. I subconsciously have been a few of these but I really like the frequency of use and cost per use. You’re right, I will spend a little more on something that I will use all the time.

[@Kevinbrian1]

You should try joining a financial community where you interact with people of similar idea and also earn weekly.

[@Kevinbrian1]

Search for Marcia Ann Bice on google for more info on how to get started

[@genuinelysarcastic]

Great suggestions! How do we protect Rule 2 against the false justifications in our head? I ask this as I have some exercise equipment in my cart…

[@Kevinbrian1]

You should try joining a financial community where you interact with people of similar idea and also earn weekly.

[@de3jhc]

Nice grape 5s

[@jakegoins7962]

Thank you , Maurice. I got wrecked by my compulsive spending habit on Amazon Prime Day this year... now's the time to be disciplined and take back my finances!

[@Kevinbrian1]

You should try joining a financial community where you interact with people of similar idea and also earn weekly.

[@Kevinbrian1]

Search for Marcia Ann Bice on google for more info on how to get started

[@belensays]

watched this video twice and tried to apply them to my latest aliexpress shopping spree, turns out that out of 18 stuff I bought, 3 were unnecessary since I already had something similar. At least they were only small accesories, will keep practicing. Thanks Maurice!

[@benno8656]

Hi!

[@Laiqul]

Your video just remember me , that i want to buy something ( camera accessories) for a month or so , i still remember it, so i buy it now , like , right now, after watching your video 😢 🤣

[@albert333pool]

One thing I've noticed... Maurice doesn't answer questions 😅

[@jessicab3646]

This is a good supplement on figuring out how to spend your money but I think you need to follow the basic rule of thumb in budgeting first and foremost which is: divide your monthly after-tax income into three spending categories: 50% for needs, 30% for wants and 20% for savings or paying off debt. If you don't have the money to spend on wants then that automatically stops you from overspending.

[@zachparade2791]

I’ve watched a lot of these type videos to the point I almost skipped this one. Glad I didn’t! What this video does better than most others with a similar title is that it better takes into account the various different types of purchases we make, sets clear boundaries for purchases, and allows for our humanness like with the category of spending we are really drawn to used for milestones and rewards for goals accomplished. 👍👍

[@GumbiiGrows]

this is so hard for me right now... been trying for 2 years to spend less, but my adult ADHD and mild depression kicks my butt... i'm going to download your workbook, and try my best to follow thru... i do use your two week rule though, but with the amazon shopping cart... LOL... if i still want it a month later, i'll buy it, but sometimes i just clear it out... but doesn't always work...

[@ChrisMurley]

Rule 4 is now my new rule for purchases. Thank you.

[@derCoffeeDoc]

Love Ur Videos! Always gives me the Motivation i Need to getting things done👍

[@Kevinbrian1]

You should try joining a financial community where you interact with people of similar idea and also earn weekly.

[@Kevinbrian1]

Search for Marcia Ann Bice on google for more info on how to get started .

[@avagfit]

So much discipline in one video 🫡

[@oxdoc]

Fwiw I this is one of my favourite channels and I hope you continue to grow. I've learnt so much here.

[@ropro9817]

Excellent video, Maurice! I wish I could share this with my 20 year old self. 😂

[@mike3418]

I think, that 2 and 3 rules are the same one. If we use something every week it's reduce per use cost) As I know, many businesses use this rules when planning budget.

[@GauravJha05]

Make a video on your watch collection

[@Fireninjafighter]

And I just drowned in water but I am fine😅😅

[@GaryWinstonBrown]

Wow, what an incredible video! No matter the circumstances, it's crucial for everyone to have a burning passion and a clear goal to strive for. Once you have that focus, making choices becomes effortless and enjoyable. Personally, I've witnessed a remarkable transformation in my financial journey. From an ordinary lifestyle to earning over $63k per month, it's truly astounding! By consistently compounding my income through various profitable investments like savings accounts, stocks, bonds, and high-yield dividend funds, I've built a well-diversified portfolio worth seven figures. Thanks to the guidance of financial professional Gregory Thomas Patchak, I've learned to concentrate my efforts and prepare for any financial struggles that come my way. The world of finance is full of opportunities, you just need to stay focused on the right path.

[@MichealTanner141]

__It's truly remarkable to see the impact of having a strong purpose and working towards financial success. Your story is incredibly inspiring and shows the power of making the right choices and focusing on the right things. Gregory Thomas Patchak has clearly played a significant role in your journey, and it's great to hear how working with a financial professional can help prepare for financial struggles. Keep sharing your experiences and motivating others along the way.

[@Bradleyschaeffer376]

I completely agree with you! It's crucial to have various income sources and a diversified investment portfolio to ensure a secure financial future. By exploring different opportunities and making informed investment decisions, you can pave the way for long-term success. Keep up the great work.

[@Seanmirrer]

It's great to hear that you have had success in the financial market and have a well-diversified portfolio. Gregory Thomas Patchak sounds like a great adviser.

[@GaryWinstonBrown]

Run a web search for his entire name Gregory Thomas Patchak

[@AnnaKrueger809]

When I began closely monitoring my investments, I saw a significant increase in my wealth. Having a professional mentor is absolutely crucial in this journey. Without the right guidance, it's easy to make costly mistakes. That's why I highly recommend partnering with Gregory Thomas Patchak. His strategies are exceptional and have a proven track record of success. With his expertise, you'll be on the path to financial prosperity.

[@MrWiggenhammer]

I think the value I get from your videos is mostly listening to your voice... The tips and tricks are good but I doubt I will ever be this structured.

[@MenQuotes001]

kzbin.info/www/bejne/p4mZn3qEpLx9oKs

[@matthewm1615]

Love the 2 week rule!

[@wkm610]

I’ve used the “2-week” rule SSOOO long and it really works.

[@jonlim88]

Love that two week photo rule. I think we would definitely have similar photo rolls after a while of this... 😂

[@busansanai]

Team BEDMAS lol

[@tnan123]

Love these set of rules. I'm always thinking about cost per use for many of my purchases.

[@Kevinbrian1]

You should try joining a financial community where you interact with people of similar idea and also earn weekly.

[@Kevinbrian1]

Search for Marcia Ann Bice on google for more info on how to get started

[@HeiGoLD007]

Been following these rules for 9 days now, so excited to eat my first meal soon!

[@quintindicresce4063]

Hey Maurice, This is a very timely video for me!! Thx 🙏🏻