The Brutally Honest Financial Advice That You Need To Hear

[@AccordingtoNicole]

Start and grow your business with a .Online Domain today at get.online/nicole2 and use the code NICOLE to get your first year for just $0.99!

[@jeffmunkynutz1568]

Do a vid about the risks of overcapitalising in a teetering economy where the institutions issuing credit's very existance relies on the perpetuation of the infinite growth myth. Love to get your take on hedging that....and say hi to Levi, and would it kill you to invest in some hubcaps 🤣

[@greatriffishere]

Amazing video Nicole

[@gpdoyon]

To some extent you contradicted yourself regarding not earning financial freedom while working for yourself. Simply put, if you employ your previous points like “It’s not how much you earn but how much you keep.” You can do it. I did. I retired at age 60 and never have to work again. My point is, do not make absolute statements. Instead, make generalizations.

[@tracydavis148]

Nicole , You The TRUTH ! I'm working to Build several streams of income, as I Heal from So Much Trauma ! Can't whine and Complain about Nothing! I Live in Oakland Ca, in the USA ! So taking the proper Steps to Increase My Income to NOT have Financial Pressure ! The place I live is Toxic and We have No Car , so I created a Plan and Working the PLAN ! THANK YOU ! ❤

[@tracydavis148]

I don't agree with the last point , to a degree ... because I Found Out HOW to earn a lot in a short amount of Time , while the Long Term Wealth is Brewing ! Check out Wall Street Trapper to learn something different, even on Investing Picks ! ❤

[@jaywarren-y5e]

I'm 75 years old. It is so refreshing to see a young woman with so much practical knowledge. You are wise beyond your years.

[@jaywarren-y5e]

@kens805 LOL

[@peterwulff469]

- yes, she indeed is. Unfortunately, common people cannot deny themselves this or that so are constantly living beyond their means.

[@tutata]

She's your granddaughter remember...

[@jaywarren-y5e]

@@peterwulff469 True. Our inability to find happiness in what we have gets a lot of people in financial trouble.

[@jaywarren-y5e]

@@tutata LOL She does actually look to be not too far from my granddaughters age.

[@loueckert4970]

Being out of debt is true wealth.

[@Days.]

Well I am out of it and still not wealthy. Still need a discipline to save up for house, cars and invest

[@sunflowerfields4409]

AMEN! When I paid off that credit card of way too much debt, I got a statement that said balance due $0.00 And yes, I cried happy tears.

[@whothou]

Well you can reach 60 years old with no debt and also no retirement savings...are you still wealthy? Lol

[@sunflowerfields4409]

@@whothou I'm not wealthy at all. I make below the poverty line and have little retirement savings. I am on way to 60. I will not retire but at least I have no debt. I drive a 20 year old car which I intend to drive as long as possible. After that, either a used car or public transit which around here isn't very good.

[@one100billNEOONE]

@@sunflowerfields4409 Great mindset!! Most people will never experience being debt free. They’ll never experience the joy and peace of mind it brings.

[@Jamaal67i]

We all aspire to financial security and a better life, therefore I appreciate how you take the effort to educate your audience. This is simple to accomplish with the correct investment, modest lifestyle, and budgeting. I'm happy I learnt early on to put in a lot of effort to achieve financial independence.

[@larrypaul-cw9nk]

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.

[@Aarrenrhonda3]

I advise looking for a mentor or an experienced advisor who can offer direction and help, especially in light of the current economic situation.

[@sabastinenoah]

I agree. Exactly why I now work with one. A lot of folks downplay the role of advisors until being burnt by their emotions, no offense. I remember some years back, during the covid-outbreak, I needed a good boost to stay afloat, hence researched for advisors and thankfully came across one with grit. As of today, my cash reserve has yielded from $350k to nearly $1m

[@bobwright-90]

I’ve been looking to switch to an advisor for a while now. Any help pointing me to who your advisor is?

[@sabastinenoah]

Annette Christine Conte is the licensed advisor I use and i'm just putting this out here because you asked. You can Just search the name. You’d find necessary details to work with to set up an appointment.

[@michellevey9608]

I don't know about Canada, but medical insurance in the US is a very, very big hindrance to being self employed.

[@JohnSmith-ns6dp]

The US health care system is designed to prevent people from becoming wealthy.

[@speedibusrex]

Don't spend what you don't have.

[@richardsanty9063]

I would like a part 2 of this video. Thank You.

[@one100billNEOONE]

I did reach financial freedom at the age of 40 working for an employer. Not saying it was easy but it can be accomplished IF you are disciplined, frugal, and willing to live below your means. I can officially retire in less than 6 months if I chose to at the age of 49 with a lifetime pension and medical benefits. From that point on, it’ll be my choice if I chose to work or not. Wishing all of you good health and wealth!!

[@btwbrand]

Spoken like someone who doesn't know cost of health care is likely going to 3-5x in the next 20 years. Privatization is winning.

[@one100billNEOONE]

JELLY JELLY TIME!! What part of FREE medical benefits/health insurance did you not understand? Did lifetime health insurance confuse you? Someone has been eating too many JELLY sandwiches.

[@xlerb2286]

Same here, but not that early for me as I got a late start. A lot of the STEM fields pay very well. We could live way below our means, still enjoying our lives today, and put ~20% of our money into investments. 30 years of that letting compound growth work its magic and I'm retired and my wife only works yet because she wants to. And if you're the type that wants to run a business (I never did) get a few years of experience and hang out your shingle as a consultant.

[@mvargas34]

@@btwbrand It's not like the amount raised for finantial freedom is fixed, it still generates interests over time

[@chuco915C]

You made it brother.

[@obietravels652]

Retiring at 55. Love your content, and it is highly relevant in today’s labor market. A couple of key points to contrast: 1) earning a degree dramatically increases lifetime earning potential and is absolutely required in many fields. The key is to choose a career wisely and not go into debt for a degree that will not garner better salary. 2) working for an employer can provide benefits that self-employment does not. Specifically, group-rate health, life, and disability insurance, matching 401-k contributions, and -the gold star-lifetime pensions. Yes, live below your means, pay cash, be disciplined -I found that having an employer-sponsored investment helped with the discipline for investing.

[@benjanos]

Totally right. If you cannot afford to pay cash, don’t buy it. The beauty of this logic is that if you force yourself to save the total purchase price, you will think twice if you really need it. You have to save, you have to wait, you see how hard it is to make money, then you choose. Borrowing money is a trap for people without common sense. Very common.

[@tetedur377]

Or at least have the money to pay off the loan. Reason: if you're making more money on your money than you are paying in interest, I'd pay the loan. Which I did, when I bought a new truck 4 years ago. I had the money, and could have paid it off at any time. However, my investment savings account was paying more in interest than the interest on the loan - 2.2 percent verses, I want to say 5.7 percent (it may have been higher). So basically, I sat on my money and effectively only made 3.5 percent return on my investment. I can live with that; can you?

[@Insightfill]

I've come to realize that with the value of money compounding over time, every month I put off buying a car means it's a month earlier that I can retire. Even buying a (new) car in cash would push out retirement 3-5 years.

[@redryder8622]

Found this very valuable. Thank you Nicole.

[@nicke7350]

At 30 I am now at a point in my life where I don't live paycheck to paycheck anymore. Granted I still make close to minimum wage and don't own a house, but have no debt and am able to put away a nice chunk of savings every month. Growing up dead poor and nearly homeless is crushing, but through minimalism and being frugal you can claw your way out of it.

[@OliviaHacking-kf7px]

nicke - Congratulations ! You are well ahead of the majority and have something even more precious that they don't, peace of mind 👍🏆👍

[@davidzz4307]

It’s not what you make it’s what you save.

[@pawlieblog7967]

With some of your savings, you may be in a good position to buy your own apt. or house someday in the future. If that’s what you want. Good luck and may the force of prosperity be with you!

[@davidzz4307]

Actually what you make is important as well because if you don't make it you can't save it Hence the living wage

[@nicke7350]

@@davidzz4307 You'd be surprised what a person can live off of and still survive. If you want to save you have to make sacrifices.

[@carlbarton772]

Nicole for President, finally a KZbinr who removes the BS.

[@Sammytiny]

As a home owner I’ve diversified into other sectors that have been less chaotic. With a good investment plan that ensures steady income without any doubts I and my wife are prepared for a well organized retirement. I started investing in stocks 2 years ago and so far, I am making a good yield on my dividend. I've learned that getting a good return is very much attainable only if you know your way around it.

[@Freddylone]

Not everyone is as lucky as you are. I’ve tried investing in the past but hit a dead end. How were you able to do it?

[@Sammytiny]

It's totally far from luck. Sir Jonas Herman, a CFA has consistently outperformed the market ever since I got on his program. He has continued to put my $35k to good use with market driven strategies making me an optimal return of over $121k

[@OnlyoneSithembilé]

That's your view. In my experience, there is no such formula, it is nearly impossible to achieve success with investing. It’s all just gambling.

[@Niniveen]

47 here, I hope it's not too late for me to get started. How can I get acquainted with his service?

[@Sammytiny]

Hermanw jonas that’s his gmailokay

[@hiflyer1825]

Amen sister: this video needs to reach million people. Maybe then, mental and physical health will get better.

[@JefferyDuns]

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

[@PhilipDunk]

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.

[@Nernst96]

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

[@PatrickLloyd-]

Yes true, I have been in touch with a financial advisor. With an initial starting reserve of $80k, my advisor chooses the entry and exit commands for my portfolio, which has grown to approximately $550k.

[@PhilipDunk]

@@PatrickLloyd- Who is this person guiding you and how can i reach he/she?

[@PatrickLloyd-]

Sophie Lynn Carrabus is the licensed advisor I use and i'm just putting this out here because you asked. You can Just search the name. You’d find necessary details to work with to set up an appointment.

[@richardteale3217]

Hi Nicole, I have just discovered your channel and subscribed. I’m a seventy year old Englishman and I have to say that you truly are a breath of fresh air. In the UK ,in the last few years, consumerism has gone off the scale , it’s like a drug to many people. Amazon,and especially Amazon prime, has been like petrol to the flames . I live in a very small village ,and I see parcel vans coming seven days a week. I am no skinflint ,but as a self employed carpenter most of my life ,I haven’t accumulated significant “wealth” However ,I consider myself very rich, I have many skills ( from boat building to knitting my own socks and hats )all of which are self taught . I have healthy kids and grand kids, and more than enough money to live on. I have many interests and no TV….i don’t want one. I’m so glad I don’t have the sheep mentality that so many have now. Very best wishes from the UK Nicole ,you have gained another friend.x 🇬🇧🇺🇸❤️

[@Shaun-sn6nn]

She is from Canada 🇨🇦

[@murraycod1965]

Hi Nichole, good vid but I can’t agree with you, that you will never get anywhere working for someone else. I worked for others all my life, saved hard, paid off my home, now own everything AND retired at 49. Cheers.

[@Illdoitnextweek]

Agreed, she should have given the same disclaimer for that statement as she has given for the tax explanation. Not everyone is better of starting his/her own business and you can get FI working as an employee. The rest of the video is spot-on and it is all about managing your income and spending less than you earn. If you make 100k/year as an employee and saving 50k/year, you are doing very very well. There is a CHANCE you could make more going at it solo but there is an investment (and risk) tied to it that does not neccessarly pay off in the end. Don't be afraid to try things and make mistakes, but you dont have to start your own business to get to FI.

[@murraycod1965]

@@Illdoitnextweek Well said and explained!! Cheers 😃

[@ihadlunch8575]

I started my life over @ 27 moved from NYC to Georgia (not Atlanta). Took a job as an operator making $16/hr. Brought a house at 30 when i was making $22/hr. Replaced my hooptie of 12 years with a nicer CPO mazda 3 manual trans in cash at 31. At 32 I got promoted and make $77k before OT. I still live my lifestyle when I was only making ~52k a year. My mortgage is ~30% after taxes/401k match. It's nice that now I have stability I can go and buy the nice things since I know its going into my home that I will eventually own. No worry of a landlord raising rent yeah I have my own repairs now. But if you save ~2% of house worth a year you'll be a really good spot.

[@watamatafoyu]

You're considered upper-middle-class or rich at this point compared to the average worker. You're in the minority.

[@tetedur377]

@@watamatafoyu There are several factors that need to be accounted for, other than strictly income. Average income for the area in which one lives is a factor, as is hourly wage, number of hours worked, and so on.

[@cherylbroadenax1006]

See u did something different. Good job. U did what most won’t do. U didn’t complain- u made a move and it paid off.

[@watamatafoyu]

@@tetedur377 OK then run the calculations and show if I'm wrong.

[@ELIZABETHhunter-v3w]

Nicole, I wanted to thank you for the advice of saving $17 per day. I was able to pay off my car note recently, and truly....thank you! Best advice EVER!!!

[@AccordingtoNicole]

Great job!

[@lhpmusiccatalog]

This video is full of great stuff. I want to push back (gently) on two things. First, getting a college degree is about (among other things) having OPTIONS. Options are good. And there are plenty of ways to get a college degree without going into crippling debt -- including 32 states in the U.S. that have literally FREE college programs. Everyone should at least consider that, even if they decide it's not for them. And don't think of college as job training. It's about improving yourself, which makes for a better foundation for whatever you end up doing later as a career. Second, you should only work for yourself if you have the temperament for it. I did it for 30 years, and it is definitely NOT for everyone. Plenty of folks cannot take the stress of not knowing how much money they will be making. And not everyone has the creativity or variety of skills needed to make it work. If you can, you should. But if you can't, don't feel bad about working for someone else. The stability and reliability of income can be worth the trade-off.

[@bernr2877]

Thank you; your points are excellent. I went to college because I loved learning (& because I thought I’d get a better job). I actually went to trade school for 4 years after my BA. College is also a wonderful place to broaden your world and become more aware socially, physically, and politically, and help you become a more well-rounded person. I am not a self-motivated person, other than getting through school. I could never fathom (still can’t, as a 64-yr-old) 6:52 having my own business. I did not have the desire, motivation, skills nor temperament to be in business for myself.

[@rickfisher4273]

Hi my name is Rick and I am 71 years old and I love what you have to say everything makes perfect sense although I'm sure the younger people do not realize what you are really saying I wish you all the luck and I hope you continue to educate your viewers❤

[@AW-zp7od]

I’ve started distancing myself from so many friends because I grew up actually poor and they’re always complaining about how broke they are… right before showing off their second $150 SHEIN haul of the month

[@mysticaltyger2009]

I never even heard of Shein before your post. I had to look it up, lol.

[@AB-wf8ek]

I had a roommate once who was complaining she was broke because she couldn't afford a new computer. Meanwhile, there was a perfectly usable one sitting on her desk with a dslr next to it and so much stuff that there was hardly room for the keyboard. She owned a dog and a car, and her room was so filled with clothes there was nowhere to sit. I didn't have the patience to listen to her complain about not having enough money.

[@brucestiles6477]

I'm afraid that I have to disagree with the idea that one cannot become financially independent unless they own their own business. I lost money every time I started a business. My wife and I are financially independent simply because we saved and invested when we were salaried employees. If you are living below your means and saving in 401{k) and IRA accounts, you can become financially independent. Nicole is right that it is boring, and that is the way that it should be. One day though, you check your account balances and discover that your assets are in excess of a million dollars.

[@lorena92966]

I would disagree and counter that one needs educated in business and all parts of it. I listen now to Codie Sanchez and she doesn’t beat around the bush. I listen even though we have basically done the similar as you have.

[@jeremylongstreet7613]

@@lorena92966 Even Codie admits most businesses fail. What makes you think that you know more about how to run a business that someone in it for 10 years doesn't already know and tried.

[@itzajdmting]

This is the first video of yours that I've seen, loved it. No BS, just plain speaking and crammed full of useful information and examples. Would love to see a Part 2. All the best. Rob.

[@thisispw]

Good work, excellent advice.

[@Ken222]

Yes make part 2 Nicole. Sometimes post secondary education is necessary depending on what you want to do. For example, to be a registered massage therapist in Canada, you need to go though school and then pass certain exams to get a license (something like that).

[@JamesDBrown.]

You've become easily one of my favorite people to listen to. I am a little younger than you and your words resonate so well with me. Thank you for the great content, keep up the great work

[@LindaDooWop]

I love how you get to the point, Ncole! You could never be boring, even if you tried!

[@kevinevans8370]

I enjoy your videos, and hope to watch a few more in the near future. This was helpful, thank you for doing what you do!

[@AIRTRK1]

Three words: "You're My Hero." I followed your Mantra my entire life. For the exception of a modest mortgage, I was debt free by age 40 and remain so to this day. I'm 72,...do the math. Like jaywarren's posting below; It truly is refreshing to see a young person, as yourself, with such basic practical knowledge.👍👍

[@aallen681]

I like this woman, common sense is her forte!

[@teachertracee]

I’m a CPA and a teacher. You did a great job of explaining taxes. And investing. And car payments. I’ve had clients making well over 6 figures who had to put their electric bill on a credit card. Love your channel!

[@MsLesset]

You make me laugh! And yes! I want a Part II !!

[@truthlove607]

Love your common sense and logic. Thank you.

[@nmoddentity8401]

I've enjoyed your channel after discovering it recently. Lots of insightful commentary.

[@amers50]

Thank you for being clear and direct about the point you are trying to make- you are economical with your viewers' time, which I greatly appreciate! These are really important financial lessons (some mistakes I've made myself and ALL I'd like to prevent my kids from making). Thanks for sharing and all the work you put into making your content.

[@vincescuderi]

Great info. Thanks.

[@bridge7528]

My husband and I both work For others. Ive been a teacher In Massachusetts for 30 years. Retiring next year and my pension will be 80k a year for the rest of my life( I’m 57). We also have no debt( no mortgage either), a rental property, my husband’s pension, and investments over 2 million, all while working for someone else.

[@hermonorossco7988]

80k a year pension as a teacher is crazy. I always hear teachers complain they don’t get paid enough.

[@bridge7528]

@@hermonorossco7988 Massachusetts pays very well.

[@ThorIsBoss]

@bridge7528 Good job. Now get out of Massachusetts and you will really be wealthy. The prices I hear from friends up there, YOUCH.

[@jmnthe3rd]

​@@hermonorossco7988 it depends a lot on the state. Keep in mind, the cost of living in Massachusetts. With a good union, constantly fighting for every penny, teacher compensation trends towards the lifetime average compensation for people with bachelor's degrees. Despite the claims of this video, that's actually a pretty decent deal. What you hear in the news is how often politicians want to refuse teachers cost-of-living raises, gut pension funds and cut benefits. When the government controls an entire sector it's very tempting and easy to just cut teachers out of the budget on a whim. Teaching is actually a demanding job, not just knowing the subject, but getting a large group of kids from all walks of life to all do their work and learn the material, all day, every day. You don’t need to be a genius to do it. But you definitely don’t want a pool of teachers who all graduated at the bottom of their class.

[@republicunited2183]

And now it’s all about teaching woke while kids are failing. There are good teachers that don’t believe in this and actually want to teach. I couldn’t pass on what the gov is pushing.

[@Steve-le8pv]

The most intelligent, sane financial advice I have viewed on KZbin. Nice work!

[@jensmith9812]

Thank you for explaining taxes! I’ve been working a second job trying to clear up my debts and so many people telling me it’s not worth it cause all my money will go to taxes 😩

[@wortelsorbet]

When you need to clear debt, it is worth taking the second job. If you can live off your first job and you value time more than extra money, that would be the time to reconsider the second job.

[@AccordingtoNicole]

Those people are dumb. Keep doing what you’re doing. You got this.

[@mardy_s]

You can get more tax taken off one of your pay cheques. Ask your HR dept for the form to fill out. Easy.

[@richardsanty9063]

What do they know?

[@Georgggg]

Thats partially true. Government like to tax you if you earn something to pay for access to resources, but don't tax you if you get resources free by owning them, loopholing entire "earn -> pay -> access" process.

[@toddmuddywaters]

Love your videos! I watch them to keep me inspired to stay on track and make right financial decisions. Thanks!

[@John-ww2fv]

Cutting unnecessary expenses is crucial for aggressive saving, requiring discipline to distinguish needs from wants, track spending, and prioritize long-term financial goals over short-term desires.

[@GibsonJames-gr3on]

Moving to a higher-end neighborhood is a top priority for me, as it ensures my loved ones' safety and peace of mind, providing a secure haven and better quality of life that outweighs the financial investment

[@JasonAmir-qo4uo]

your move highlights the importance of prioritizing financial goals. Speaking of which, have you considered consulting a financial advisor to optimize your financial strategy?

[@GibsonJames-gr3on]

Yeah, I've been considering hiring a financial advisor. My friend recommended Joseph Nick Cahill

[@TheDuke792]

I've worked with him and he's been instrumental in helping me make informed decisions about my retirement accounts

[@JasonAmir-qo4uo]

I've heard about JOSEPH NICK CAHILL. He's been around for a long time, right? That kind of experience must be reassuring, especially seeing how people speak of him

[@mlbonventi]

Would love a follow up. Enjoy your channel, you rock!

[@laundrygoddess4]

Part two please. I like it when you tell people they can control their financial situation. I say that and I get called names

[@Jazzmarcel]

Subbed your channel!.........no nonsense advice!

[@arconklin43]

Yes to a part 2! I always love what you share.

[@GailWilcher1983]

I just wanted to drop some luv to your channel. I have been in and out of debt for years, but for the last two years, it has been more difficult to get out of debt. Your channel is helping me for sure, and this time, I am going to stay out of debt. You are half my age, and I have to humble myself to not only listen but to do the work. ❤👍

[@tavo_gus10]

You are 100% right…again. This video is on point.

[@mysticaltyger2009]

Definitely make a follow up.

[@meropale]

She's right. So many people just making excuses and blaming the economy. I disagree about college though. Without my college degree I would be much worse off.

[@SabrinaDacosta]

Well it’s not an excuse when groceries cost 25% more, gas and rent is higher. Something’s gotta give or the Math she is teaching won’t work

[@MrCurtishanner]

Amazing clarity. Love it. I'm afraid that the audience that needs to hear this won't hear it. They are just not interested.

[@recynd77]

I live in OC, CA, an incredibly HCOLA, and my husband teaches at a local community college. We’re doing fine financially, though we’ve made mistakes along the way. The beautiful 2008 Toyota Avalon I drive has nearly 250k miles on her (Go queen!) and was gifted to me by my parents; my husband drives a 2007 Hyundai Santa Fe we bought with $3,300 cash from a mechanic friend, and our son drives our “new” truck, a 2010 Ford Ranger. Our extra vehicle is a 1993 manual Ford Ranger, which still runs like a top. We’ve owned our “starter” house since 2000, and I never plan on leaving it; hopefully, we’ll be able to leave it to our son one day. (He’s not waiting for it-I’m in my late 50s and my parents are both still alive and healthy). It IS do-able.

[@emc6511]

Live here also. Not HCOLA. We're VHcola ...Very VERY ...😅 What we're willing to spend for perfect coastal weather is astonishing. Well done you!

[@alinatamashevich3354]

I live in KOA, drive BMW, listen to ELP, drink FCO, read the WSJ

[@Slenderman63323]

Since you bought a house in 2000 for probably 1/3rd of what it cost inflation adjusted, your advice really doesn't apply to Gen Z in 2024 just getting their start in life. You could have made mistakes and still came out alright. Whereas Gen Z have to optimize their life down to a few cents and still won't be able to catch up without some luck or external help. This is what people are really complaining about.

[@recynd77]

@@Slenderman63323 Your point is 100% valid; I doubt we could afford even a condo in this economy, if we were in that position. My point was really that living frugally can allow for freedom beyond what one might expect. We don’t take vacations, drive nice cars, or buy expensive clothes…and we don’t miss those things. We’ve learned the terrible burden of credit card debt (spent on things we really didn’t need), and that we can make do with far less than one might think. We have a son who is almost 27 and his biggest dream is to own a home, but it doesn’t look likely any time soon. He works a job and has an increasingly lucrative side hustle in the same industry (jewelry/gems). He invests his money, is debt-free…and he lives at home-but it’s a huge sacrifice (few 25+ years olds want to live with their parents). I’m very sympathetic on this front.

[@briancherenaacosta923]

Thanks!

[@Oz_GQ]

Definitely want a part 2 please 😊. Awesome as always.

[@benjamindejonge3624]

First time I hear positive news from a real person for all ages, carry on lassie

[@michellem6826]

1. Living beyond means and making over 100k. Different pov. High cost of living area. Raising a family is expensive and having food double in cost doesn’t help. Food can cost 1K per month if you are buy fresh and not processed. An average 2 bedroom in high income areas is a minimum of 2K a month and that is if you are lucky. Childcare is a minimum of 2500.00 a month per child. Health insurance can 500 - 2,000K a month for a family. Add in utilities, phone, gas water, maintenance, HOA, then add another 1K per month. This is already over 100K and I didn’t add vacation, car payments, emergencies, and savings for retirement or college fund for children.

[@barbgeddes9946]

i am canadian and it is the same here. YOU ARE DOING A GREAT JOB

[@libbysworld7649]

Definitely make a part 2 please. Solid advice!

[@AccordingtoNicole]

🙏🏼

[@chuckmayper7549]

My finance/business professors always stated that if they had the secret to wealth, they would not be lecturing us kids! 😊

[@neilbertram1922]

There is much wisdom in this video. And a couple things that I would temper. It is true that college and university degrees are not necessary for some careers. But unless you are very lucky, higher learning of some sort is going to be necessary to be successful. Also, not everyone is cut out to be a self-employed. That's okay. You can do really well as an employee, especially if you're following the other rules.

[@SilverCharmbracelet]

I appreciate your advice and knowledge so much! I adore your channel. Thank you.

[@Abraham.Lincoln22]

Great financial advice. Thanks Nicole.

[@jodibraun6383]

Part 2 pls! 😊

[@amandunn]

Thanks so much Nicole! ❤

[@rickcooper156]

I'd LOVE to watch a Part 2 of this video! I value all of your videos!!!

[@Fell214]

I retired at 58 a few years ago with an annual public pension of a little over $100k per year for life. COLA-adjusted and 100 percent passed to surviving spouse for life. Didn’t have to contribute a dime to the pension plan. Our Social Security will add another $45k per year once we turn 62. So, we are set for life without ever starting a business…even without touching our savings. There are many different paths to financial success.

[@Sparkle-ey7iw]

How did you do it?

[@Fell214]

@@Sparkle-ey7iw Advanced degree then worked 32 years with a state DOT. Union represented and a loyal employer. My younger replacement will get a slightly reduced retirement benefit, but still good.

[@denisereneec]

your situation is not typical but happy for you!

[@Toni_Snark]

Last time I checked, we can't get full benefits from Social Security until we turn 67. It makes a big difference if you can wait to draw that.

[@OrthodoxAtheist]

@@Fell214 "My younger replacement will get a slightly reduced retirement benefit," ...So nice of the retiring generation to make life harder for those following. I also reckon that "slightly" is not as slight as you may expect, or won't end up that way over time at least. In your case perhaps not, because you found the golden egg - government plus union. If I could turn back time, I'd go that route without hesitation. COLA increases on the DOT, great job security (because you can't barely work in government and still not risk firing), and the union means you get a decent wage and benefits. Definitely the way to go, yester-generation and now (but more so, then).

[@jeremysensenig3990]

Thank you for spreading the word about marginal tax rates. It drives me nuts when I hear the “that puts me in a higher tax bracket” argument.

[@LR-ei5ej]

Great Job - Part 2 please!

[@Edgar-jr1pd]

Awesome advice ❤

[@sthera101]

Well this is no bs advice! Pt 2 plz

[@richardl2544]

All your points are valid. I particularly agree with your view on purchasing cars with credit. It is amazing how effective the auto industry has been in convincing people that they must spend $70 000 on a pick up truck.

[@BorikenWarrior]

I'm 64 and do not use credit. If I don't have the cash I don't buy it. The only major bills I have are electric, cell phone. I eat well.

[@michellevey9608]

I've lived below my means my entire life. It's actually fun! Now l'm retired, but the habit and the fun remain.

[@financialminimalist344]

WOW! I TOTALLY AGREE!

[@dorib.3367]

You are spot on point, you know didnt finish college but I make good money! My skills over the years landed me this job. Thank you for this info...

[@TexMarque]

College degrees are worth it if one plans to be in a career that requires licensing and a relevant degree. Most teachers, doctors, lawyers and other fields require both today. Many employers have large numbers of applicants and use the lack of a degree to just simply lower the number of applicants.

[@cherylbroadenax1006]

Business world. I agree with u. Here is what I did when I didn’t make much. I got a certificate and started my own business. Totally paid off. Folks should stop begging employers to make their lives better. Just a friendly suggestion. When I could not get hired, I jumped ship and went out on my own. U darn right it was scary. Here it is 20 yrs later and I am about to retire.

[@Omar-nd6lh]

💯 the field matters. Cant be surprised when the degree in art, interior design, gender studies, etc. doesnt pan out. There are fields in which you can earn well over 6 figures as a worker bee. And not everyone is built to be an entreprenuer.

[@user-kpkxgtj]

​@@Omar-nd6lh true, and true. Entrepreneurship isn't the only route to financial freedom.

[@douglaslippertindy]

Love the no BS advice you give. Regarding vehicles, it might be helpful for you to educate your viewers and how to maintain their cars, basic stuff, so they last a long time. If you need ideas I can send you a few, for which I need no credit. I’m just a grandpa trying to help young folks). Too many people end up retiring their cars early due to a lack of basic maintenance. A part two would be great. Thanks!

[@richardross7219]

Very good video. I did the college route 55 years ago. I did well and am retired comfortably. My two younger brothers went blue collar, construction. They're both much better off fianancially than I am. A person can do well in a trade. Good Luck, Rick

[@vimalou1]

So true,everything you've discussed is true❤

[@BobbySox-gh8mv]

Great video for all students to watch. Personally I have lived by most of these life rules and at age 74 I can confirm, they work, but must be done in unison and consistently. Only caveat, achieving financial freedom and working for a wage/salary are not mutually exclusive, follow the rest of the rules and it will work.

[@OliviaHacking-kf7px]

Robert - this info is for EVERYONE not just students. Since the introduction of free credit cards to launch the business in the 80's, stupidity about finance has been off the scale !

[@MarthaMartinez-mh8mx]

You are absolutely right I all counts . bravo Nicole !

[@seltzermint5]

I strongly believe that point 2 about a college degree is true, but wasn't true until maybe 2012-present. As someone who graduated college in 2000, I absolutely reaped advantages when starting my career that made it completely worthwhile even just having a broader humanities degree. Up 'til 2010+ I really think MOST employers insisted on a bachelor's degree from all candidates for "good jobs"...then it completely flipped, and now it's mostly just needed for specific career paths.

[@emc6511]

Another degree scam, MBA. Cannot count the number of people I know that paid in time & money, while working, to get an MBA, and it got them nowhere.

[@johnathin0061892]

No, her point about college has been true for a long time. Ask a Gen-Xer with college debt. Plenty of us got screwed over with the whole "a degree is a guarantee of a good job" baloney. It hasn't been a guarantee of a good job in 50+ years.

[@ThorIsBoss]

It’s been true for useless degrees for a long time. It is criminal that colleges give them out without being forced to tell the victims they will end up as waiters with huge student loans. STEM is probably still a good bet but outsourcing curd bee we a problem of course.

[@JP-ve7or]

​@johnathin0061892 guess it varies. I'm a Gen Xer with a state college degree, back when it was a fraction of what it costs now. That degree got me better starting salary at a large corporation in the late 90s.

[@greatriffishere]

Great video Nicole. I just subscribed because you are amazing. This video is perfect and covers all the major points that I would love to discuss with certain family members. When I was watching this video I felt like you were reading my mind. I literally live the life that you are talking about 24/7 and it has been great for my finances. No car payment is indeed the key to success. Cheers from Texas !!

[@chriskatranis3755]

I work for a company and I have for my whole life and I reached financial freedom at 35 when I paid off my mortgage. I never had to renew my mortgage. I have put away a few Million since then and I did it by working for a company. I worked to a unionized company, so I got a union wage. Today I am worth a few $ Million.

[@seltzermint5]

I am doing well working for a company and love a lot of the perks involved. I don't wish to own my own business. In the USA it would not make financial sense for a lot of people to work for themselves and pay insane healthcare premiums.

[@yulduzrakhimova4376]

@@seltzermint5 exactly. I am working for a big tech company and it is much better that to won a business.

[@rickyyang3699]

Yes, part 2 please

[@Kimi95B]

40 sec ago I see Nicole I click

[@moredatesmorefiber3526]

Why?

[@lynnoorman2144]

FYI the UK income tax system works in the same way. Yes, please to a part 2!

[@Livingthedream157]

LOVE, LOVE, LOVE your videos!

[@AccordingtoNicole]

Thank you ☺️

[@deanemberley2333]

⁠​⁠@@AccordingtoNicolestop telling people they need to start their own businesses to be financially secure. It’s not true

[@CharlesBallard-f3t]

I am so in love with Nicole and her brain

[@123lowp]

Qualifications for 250k/yr software engineer on a government contract: 1) Bachelor's in math, comp sci, or info systems 2) Top Secret SCI Polygraph clearance 3) Live in northern Virginia, DC, or near Ft. Meade (Maryland) 4) 10+ years experience 5) Java Spring, Angular, React, AWS, Azure, Django, etc. Typical Work Schedule: 2 days per week on site 3 days per week working remotely from home Typical compensation package: 250-300k base salary 100% health care coverage 4% 401k match immediately vested 15 days PTO 11 federal holidays You may also get a similar salary in Denver/Boulder.

[@notyourtypicalfarah7194]

It's also requires a high IQ which the majority of people don't have lol 😂

[@jessicaboucher7980]

Yes, a part 2

[@timoffreethought580]

I've had to explain our tax structure to soo many people. I usually start by asking if they would rather earn 100 grand or 75 grand ! There is so much ignorance out there, it's hard to believe. Great video as usual !

[@henrywiddas314]

yes, do a part II, amazing advice as always :)

[@thebestone11-r9y]

The fact that nobody talks about the book Matrix Golden Cashflow Tactics, speaks volumes why people dont earn a lot of money..

[@dawkrb]

Real Talk-Keep up the good work!

[@bunny_smith]

I love your thoughts. However, I wish you would consider the benefit of education beyond economic ROI. I am a teacher. I do work for the man (collectively.) Despite this, I am financially secure. Also, were I not a teacher, children would not get a free, public education. Because I studied humanities and, as a result love human culture, the personal ROI for me increased exponentially. Immeasuably. Living life is about enjoying life, whether that means having an exotic coffee habit or appreciating culture. I don't expect you to change your views or regret your life decisions, only to acknowledge there is nuance here.

[@tetedur377]

A free public education isn't free. An educated individual such as yourself should know that.

[@creepcraddle]

I agree. Living is about learning and growing. Never stop learning

[@creepcraddle]

@@tetedur377We are going to be taxed whether we like it or not and if that money goes to schooling (as it should) then public school is technically free because you are not paying yearly tuition.

[@jmnthe3rd]

I agree. There are also other measurable non-monetary benefits to having a degree, greater civic engagement, better healthcare (in the US), higher job satisfaction.

[@joannemeeks745]

You are absolutely right about the car.

[@lindabarnes5235]

Yes, part 2

[@consumerdebtchitchat]

I am a single teacher, no kids , and I live on 40% of my take home income. I use the other portion to save for retirement to accompany what will be a 30-year teachers pension in 11 years and social security. Purchased a new 2024 Toyota Camry and paid it off in nine payments. Purchased a 100K condo versus 200k condo in 2020 and paid it off in 3 years. The key is to buy way less than you can afford..

[@jolenetwomey8280]

A college degree as a guarantee to a better job stopped in the early '70s or so if not before. But moving back to the small town in southern Illinois where I went for undergrad has proven to be the best financial decision I ever made.

[@seltzermint5]

I know it may vary depending on area and industries but when I graduated college in 2000, it opened up like every field to me. Some of my smart, accomplished friends who didn't have a degree couldn't even get interviews except retail and similar. So while I agree that degrees aren't necessary anymore, I think it went a lot further than the 70s at least in my area.

[@jmnthe3rd]

Nothing is a guarantee, never was, never will be. The discussion on college needs to be more nuanced. Some degrees are worth more than others, and a ridiculous number of students are starting college and never even completing a degree.

[@seltzermint5]

@@jmnthe3rd hasn't that pretty much always been the case though (at least since the 80s)? Every bright/middle class high school grad trots off to college but then just a smaller percentage complete their degree?

[@mysticaltyger2009]

@@seltzermint5 That is true. It's just the cost of college has skyrocketed in the last 40 years, so making that mistake had much less severe consequences 30 or 40 years ago than today.