The Easiest Rule To Manage Your Money

[@VincentChan]

📝 Download the Money Management System in the video, for free → vincentchan.co/money-management-system/ 🏆 The $1000 Savings Challenge is now closed but join the wait list below to be notified of the next one → learn.vincentchan.co/save1k

[@NoyPi6step]

download not working :(

[@VincentChan]

@@NoyPi6step could you try one more time?

[@GrillSergeant]

I have been doing a cash flow budget for 10 years now. I now own a home outright and have zero debt. I’m not rich by any means but not having to be a slave to a 9 to 5 is priceless. Debt and surplus deficits hold so many people back.

[@VincentChan]

that's amazing congratulations!!! do you have any tips or advice for people who may be just starting out on their budgeting journey?

[@RITUALAOS]

👏👏👏

[@moctezuma336]

Help.

[@sharonwinson-m8g]

Building wealth from nothing involves consistent saving, disciplined spending, and strategic investments. Begin by creating a budget to track expenses and identify areas for savings. Prioritize paying off high-interest debt and establishing an emergency fund. As you build a foundation, start investing in low-cost options like index funds, and focus on continuous learning and improving your skills for better income opportunities.

[@nicolasbenson009]

Impressive insights! For beginners like me, managing and staying updated can be overwhelming. Are you an experienced investor or do you have a strategic approach for staying informed?

[@TinaJames222]

Due to my demanding job, I lack the time to thoroughly assess my investments and analyze individual stocks. Consequently, for the past seven years, I have enlisted the services of a fiduciary who actively manages my portfolio to adapt to the current market conditions. This strategy has allowed me to navigate the financial landscape successfully, making informed decisions on when to buy and sell. Perhaps you should consider a similar approach.

[@tatianastarcic]

this is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation

[@TinaJames222]

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

[@Vincent-j8u]

I just checked her out on google and I have sent her an email. I hope she gets back to me soon.

[@john00123]

Great Video Vincent, I am retiring next yr at 55 with 3 houses paid off worth 4.5 million. One is my place of residence the other 2 properties will give me $80,000per/yr rent. All thanks to my Investment Manager, I have steady income stream from my dividend portfolio, a total $250,000 a yr to live comfortably. I have no debts ... Stay Motivated!!❤✅

[@jessicaknoll4700]

Amazing! I have Liquid $500K to put into stocks, but I want to ensure good profits & safety. With tons of Advisors now, how did you find the right Investment Advisory?

[@john00123]

Essmildaa Morgan is well known, just look her up

[@francisseling5032]

i'm experiencing unstable financial situations right now, but this video helped me alot in terms of financial planning, not only focus on short term, but long term. Good habits take discipline and knowledge.

[@biasedknowledge]

The way you encourage people to view personal finance like a business really resonated with me. It made me think about the planning fallacy, where we underestimate the time and effort it takes to achieve our goals. A family member of mine always thought they could save ‘later,’ but once they started treating their finances like a business, with clear goals and monthly tracking, their perspective completely shifted. Your advice to use tools like the balance sheet is a game-changer for those who struggle with planning

[@GillerHeston]

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

[@rogerwheelers4322]

Effective personal finance management is more important than the amount of money saved, regardless of whether income is earned through job or investment. Individuals can seek counsel from a certified financial advisor to optimize financial outcomes, who can provide specialized advice and methods to decrease expenses and maximize income.

[@joshbarney114]

This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800,000.

[@FabioOdelega876]

I think this is something I should do, but I've been stalling for a long time now. I don't really know which firm to work with; I feel they are all the same but it seems you’ve got it all worked out with the firm you work with so i surely wouldn’t mind a recommendation.

[@joshbarney114]

I definitely share your sentiment about these firms. Finding financial advisors like *Marisa Michelle Litwinsky* who can assist you on things like investing, insurance, making sure retirement is well funded, going over tax benefits, ways to have a volatility buffer for investment risk would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.

[@FabioOdelega876]

I appreciate this. After curiously searching her name online and reviewing her credentials, I'm quite impressed. I've contacted her as I could use all the help I can get. A call has been scheduled.

[@colonMicheal9]

I Hit $210k today. Thank you for all the knowledge and nuggets you had thrown my way over the last months. Financial education is indeed required for more than 70% of the society in the country as very few are literate on the subject

[@AnthonyJustice-i9x]

I Hit 110k today. Thank you for all the knowledge and nuggets you had thrown my way over the last months. Started last month 2024. Financial education is indeed required for more than 70% of the society in the country as very few are literate on the subject. thanks to Brooke Miller for helping me achieve this

[@TaggeGust]

I'm surprised that you just mentioned and recommended Brooke Miller, I met her at a conference in 2018 and we have been working together ever since.

[@shandegabrielrojas9350]

The very first time we tried, we invested $1000 and after a week, we received $5500. That really helped us a lot to pay up our bills.

[@UsamaG-mq1jy]

She is my family's personal broker and also a personal broker in many families I'm United States, she's a licensed broker and a FINRA AGENT in United states

[@jadewashington7]

I'm new at this, please how can I reach her?

[@HighlightsSerieATIM]

I just withdrew my profits a week ago, To be honest it was an amazing feeling when the profits hits my wallet I wish I could reinvest but, too much bills

[@hedgehoge]

The why is so crucial 😊 It really does motivate and reward you when you reach there, also allows you to make multiple spendings which you probably may have not assuming you didn't save or manage your money.

[@MOMOHEARTS]

I've been trying to get my finances back together aince I got into a relationship. I knew you would have to deal with burdens when with a partner but I didnt know everything will change, including finances. I finally got my side back to how it was when I was single with no kids but I've been working with his finances for years, he was never financially literate but his working on it lol

[@tekakifukato1492]

Bank balance: $10 Me: Hmm, time to learn to manage money

[@VincentChan]

LOL we all gotta start somewhere

[@liquidsleepgames3661]

I started with 5 said enough is enough and now I'm at a 10k emergency fund

[@scottmacdonald5020]

I also have $10 brother. Time to fix this 🤘

[@Hoodie-_Dre]

Let's go

[@axessorise]

Hey Vincent. Thanks for these amazing videos. I've discovered your page only 2 3 months ago. On a good note, these videos are educational and help a lot even though I'm just 18 and a high-schooler.

[@PhilFlock]

i just got the mouse you're using for my birthday. took a while to get used to it but its definitely easier on my wrist

[@kaimulai5178]

You never bought a fancy car or a fancy watch, but you DO have a fancy chair (the HM Aeron in the background). I’ve got the same chair, and it’s really helpful if one is sitting down most of the time for work!

[@VincentChan]

haha yeah i got a good ergonomic chair cause i have lower back pain and i sit all day :P

[@VincentChan]

what did you think of the video?

[@kaimulai5178]

I agree that it’s important to know the reasons you’re working toward good finances. I also have my own business, so I’m comfortable running my own finances in a similar way. I have my own spreadsheet with the same type of info as you listed. And I also like how you encouraged small savings to get in the habit to create larger savings later. It was a solid video!

[@tungho8470]

The link to the sheet does not work, I put my email in it but it kept loading forever. Otherwise, great video! :)

[@gamereditor59ner22]

Cool! At 1:47 , my goal is to save enough where I can travel with little to no loan after I get a job or part-time job. Edit: Already open a second banking account as an emergency fund.

[@VincentChan]

Ayy!! that's great. where's the top 3 places you want to travel to?

[@gamereditor59ner22]

@VincentChan Yellowstone National Park, San Diego, and the Haskell Free Library & Opera House (It sits on the border between US and Canada) when crossing states and country with a van.

[@VincentChan]

awesome!! what about any international trips?

[@gamereditor59ner22]

@VincentChan I have been on an international trip with my family, but if it was by myself, I am still thinking about it.

[@Manda.L]

Thanks alot for the Money Management System! the excel is so good.

[@VincentChan]

yayy im so glad :) did you also sign up for the 1k savings challenge?

[@Manda.L]

@@VincentChan Yes i did 👌

[@yunjeanz]

I love your videos! It motivates me a lot 🥰

[@VincentChan]

aww that means a lot thank you so much!! did you check out the money management system?

[@BenB810]

Aye I'm early, started watching your videos when I got a new job. Saving for a car, probably a prius to save money.

[@VincentChan]

Nice!! What job did you get? How do you like it so far

[@BenB810]

​@@VincentChan I've been working Overnight as a stocking associate at Walmart. Today actually marks 1 month of working there, and I'd say it's pretty chill for the most part, some parts can get stressful but that's just making sure you have everything done and out of the way for customers when the store opens and being able to clock out on time.

[@ianjohnson-beitman2918]

What I’ve learned from all these KZbin finance channels is that KZbinrs are terrible at remembering subscriptions they’ve signed up for.

[@steze4558]

Does the networth shows only for the current year, or the graph will show networth overtime even for next years?

[@VincentChan]

by default It shows for 12 months but you can always extend the graph to show longer

[@kjmav10135]

Just so you know, your spreadsheet doesn’t download from my iPad. Just some feedback.

[@robertking2340]

Give that rock a sombrero

[@DewyTrent]

3:02 I clicked on the link to download the google spreadsheet, but it just takes me to a page, with some text and a picture of the spreadsheet. I tried clicking around, and nothing popped up. Is there some where else I’m supposed to go, to download the spreadsheet?

[@VincentChan]

@@DewyTrent do you have any ad blockers or Java script blockers on your browser? You’ll need to enter your ur email so I can send it to you

[@MissFussbudget]

0:03 Mr. Magic Lamp is a Cyclops? Edit: Great video, by the way

[@VincentChan]

LOL the eye fell off D: I need to stick it back on

[@MissFussbudget]

​@@VincentChanOh good, he looks kind of spooky like that.😅 Thanks for your financial tips, they'll be very useful for me.

[@foodlover8151]

Pineapple on pizza?! I used to love you

[@VincentChan]

whaaa you dont like pineapple pizza???

[@Courtney-Alice-Gargani]

Some people want to be rich but don't want to put in the hard work. Some people want to that get rich quick like winning the lottery or get rich scheme.

[@ThrowBackZone]

inancial freedom sounds amazing, but do you really think it's possible for someone with a low income? Asking for a friend... 🤔💵

[@TheRealEysi]

Early Gang!

[@VincentChan]

ayyy you got 1st comment! what did you think of the video? :)

[@tanisemmello]

❤

[@mhodge0890]

Yea I don’t count my guilt free spending and emergency fund as my net worth

[@desiv1170]

Wait... If you miss the moon, you don't end up amongst the stars... You will just end up between the earth and the moon... I mean, yeah anywhere in space is technically amongst the stars, but if you are saying that, then you are already amongst the stars, so shooting for the moon doesn't change that... Was he being sarcastic, or was astronomy not one of his strong suits? ;-)

[@trustnoh0es]

I guess the Money Management System broke, because there is just a text paragraph, no tables in it, fix it plss

[@VincentChan]

Did you click on the different sheets at the bottom?

[@kayjay7865]

A phone is not a need. U can live without a phone

[@GillDilpreet2005]

Hey, I just sent you an email, that might be useful!

[@constantcumin]

thanks, matt d'avella wannabe