The Money Advice The Internet Doesn't Want You To Know

[@AccordingtoNicole]

Canadians: Earn more on your TFSA investments. Tax-free. Get up to a $2,400 welcome bonus. Moomoo is also available in U.S. j.moomoo.com/00OzW7

[@felisha7293]

In the US, most brokerage firms have dropped all fees for purchasing or selling MF's and stocks. It's free to trade at Schwab, Fidelity, E trade or Ameriprise.

[@robertmaxa6631]

Same thing with automobiles, everybody is concerned with "resale value". I drive mine, into the ground, so resale value was never an issue.

[@alinatamashevich3354]

The fact that a luxury car like a Bentley or a RR drops like a rock proves all automobiles suck

[@TheREALJosephTurner]

I'm like you- buy it cheap and drive it until it has no drive left to give! my latest daily driver is an 08 Chevy HHR that I bought for $250 with a bad transmission. Another $250 netted me a good transmission. I've driven the wheels off the thing in the last 2 years, and don't think I've spent $100/year for maintenance. It's beat up and ugly as sin, but the MPGs are worth it (especially since my last daily was a V10 Excursion).

[@alinatamashevich3354]

@@TheREALJosephTurner Hate starts in 3,2,1. You will be hunted by the Auto Cartel, Mary Barra will not have people like you mucking up her bottom line! Conform and Confirm

[@RUMNIAH]

Start your own business is a great tip. Find your passion and enjoy the ride .

[@babatundeswana9361]

My financial goal is to make 40k a year and pay of my house in 10 years

[@BobSure_AKA_PotatoSmasher]

It's not reading the book that makes you rich... It's the application of the information contained within.

[@dmick9168]

This is one of my new favorite channels!

[@mavman0131]

Love your presentation style and your insight.

[@lorianbazley9088]

Thanks Nicole. Really helpful content. 👌

[@kristinanton5652]

Hi Nicole! Love your content. I want to get back into investing in a well diversified index fund but the fees really deterred me from keeping some of my investments. I would love to hear your take on this. I did not use an advisor besides trying out Betterment that has a robo advisor but any kind of management fees freak me out since after 4 years it seemed that my roth ira was breaking even due to the fees. Thank you for your amazing content. I would love to see a video that discusses this :)

[@AccordingtoNicole]

Check out moomoo (linked in the description). Free to sign up + you’ll get a bonus just for funding your account. VERY low fees

[@kevindelbridge163]

One thing that always stuck with me is something my mother (RIP) said to me. I was 3 years out of school and working a part time job and she says, " you've been working there for 3 years. What do you have to show for it?" I thought about this and aside from a few hundred dollars in collectibles, I had nothing. So I looked around and found a high interest savings account and just started throwing money in there. A few years later and I've saved over $10K. She always had great advice.

[@anaisanwar8424]

I pretend I’m poor while people around me pretend to be rich.

[@AccordingtoNicole]

🙌🏼

[@kallistoindrani5689]

Oh! I love this!

[@georgedreher2322]

Always pretend to be poor. You make yourself less of a "target" to others.

[@dreamleaf6784]

Yeah me and my drive an old 2010 Honda hybrid and we are swimming in cash lol

[@dreamleaf6784]

People truly look as us and pity and we are so so rich lol

[@lizcrockett3861]

You are so wise and speak truth. I’m a 69 yr old baby boomer that worked my butt off, deprived myself of sleep to meet deadlines and destroyed my health. I now wish I had saved, slept and enjoyed life more. Now too poor and sick to travel. Listen to this girl!!! Please. She’s VERY wise!

[@jsmi145]

I am a single man, no kids, aged 43. About 5 years ago I asked a friend if it would be super weird if I took a cruise - by myself. Instead of saying that it was irresponsible or odd, he surprised me by saying "it's your money. Go for it." Since then I've been on many cruises, some alone, and some solo, and I've seen some wonderful things, had a lot of fun, and met some nice people. You can't take it with you. Be deliberate, don't be impulsive, but money is meant to be spent and enjoyed.

[@BrianK-zz4fk]

i agree and disagree. Money to me is freedom, you truley are not free if your stuck working for someone to pay the bills. You have no kids so dont disagree with dying with nothing as well. Live it up while your healthy.

[@lebleb9501]

Sometimes we work so hard and save and then die and leave all your money behind. It’s ok if you have love ones you want to give your money to but what if you don’t? There is a book I have on my list to read - Die with Zero , by Bill Perkins. I wish you good fortune and a happy well lived life.

[@rosieposie9564]

@@lebleb9501 Agreed, I have no children, I will not have children and there is no one in my family that I would want to leave anything to. So when and if I accumulate enough money I would like my life to be all about travelling, enjoying the arts and generally having fantastic experiences.

[@bunny_smith]

@@lebleb9501 I'm giving all my money to a charity. So I don't have to work to get rid of it.

[@realSamAndrew]

Which way was better, alone or solo?

[@cassiejacobs4197]

I'm so happy I made productive decisions about my finances that changed forever. I'm a single mother living in Vancouver Canada, bought my first house in October and hoping to retire soon if things keep going smoothly for me.

[@NatalieDormer-or4jj]

Who is your financial coach, do you mind hooking me?

[@cassiejacobs4197]

Cryptocurrency investment, but you will need a professional guide on that.

[@cassiejacobs4197]

Facebook 👇

[@cassiejacobs4197]

Evelyn C. Sanders

[@cassiejacobs4197]

@Agent_evelyn_fx

[@nickpapagiorgio702]

"You should buy a bigger house, a nicer car, go on trips, blah blah blah." But none of that appeals to me and all I want to do is stop working. In the USA, this is considered blasphemy.

[@AccordingtoNicole]

Same

[@JOHNSmith-pn6fj]

"Work" is a four letter word.

[@bunny_smith]

It is blasphemy bc in the US, profit is god. And the sacrifice you have to make is continual work so you can then spend all your earnings, thus providing profit for the corporations coming and going. Or...you could say "wait, I DON'T think profit is god" and live the way you like.

[@James_36]

It’s the holiday thing that gets me and the car for the matter. Larger house can actually work in your favour. Holiday costs are extortionate and yet It appears one of these no compromise things. I’m not bad off what so ever but if I want to get financially free holidays needs to take a backseat.

[@coinbowl]

👏👏👏👏👏👏

[@jboughtin7522]

Personal finance is one of a few things that I think should be taught in high school. People are left to figure this out on their own and often never do.

[@colleenmarin8907]

It used to be part of Home Economics (middle school) and also part of Economics (high school), depending on the school district

[@bunny_smith]

It is in the US. I have taught it. However, as school budgets in the US have been eviscerated in the past 25 years, the curriculum materials are procured "free" from non-profits like the Better Business Bureau and Junior Achievement. As these non-profits are funded by corporations, I'm sure you can guess the ongoing, underlying messages in these "free" curriculums.

[@SPR_NAPALM]

It's by design. Corporate America needs worker bees, not independent thinkers.

[@bluelightguy1]

@@SPR_NAPALM bingo all by design

[@timdersch8754]

Personal finance is purposely not taught in schools The matrix wants you to live in debt and working for life. It's the system running.

[@wildbill562]

I agree with everything you said, especially your point about self-employment. I was fired from my job in 1992. I was newly married with a 2 yo daughter so I decided continue selling used industrial centrifuges by myself. I had never used a computer or the internet, so I took a one day DOS course and bought a PC and monitor at an auction and began my journey. It was a wild ride, but i made ALOT more money that i would have if I had continued working for a BOSS, who could lord it over me and criticize me and threaten me and control my schedule. I'm 68 now and continue to operate MY business from home at my convenience. If the phone rings and I don't feel like answering it, I don't. I do it when i am in the mood - often late at night. I make a comfortable $200K per year and have no plans to retire. I love my work, even though some people are idiots. It's easy to just "flush" them and move on. I have a sterling reputation in my industry and have never been sued. I am very proud of what I have built.

[@kerryf9796]

My mom was actually a bond trader on Wall Street. Her advice to myself and my husband was if your company offers a 401k, invest as early as you can, as much as you're allowed, and then just let it do it's thing because you are in it for "the long haul". She did just that, but she also spent money on what she wanted. She lived life to the fullest.

[@BrianK-zz4fk]

early investing and often works. Im 45 my grandpa gave me 4k for college, its worth 1.5 mil now

[@autonomouscollective2599]

If your company has a 401k and offers a match, take full advantage of it. It’s free money.

[@kerryf9796]

@@autonomouscollective2599 Exactly what we do!

[@georgedreher2322]

@@autonomouscollective2599 Those retirement accounts you speak of, such as the 401k (unless a Roth), are infected with taxes and required minimum distributions when you retire. The TAX MAN loves you !!!

[@jomr4249]

That’s true! But keep in mind 401k is dependent on the stock market. In theory you could lose it

[@notyet2345]

Speaking of ebikes, I bought one a couple of years ago. I live in a bikeable and walkable small town. Everything within 5 miles, I take my ebike weathering permitting. I bought a cart so that I can go to the grocery store and run all my errands. I save so much on gas, wear and tear on my car. I don't even use my car for those short trips anymore. If you are in a bikeable town, I highly recommend getting one. Also it serves as a great backup to my car. My car was in the shop so I just used by ebike to get around town. I didn't have to rent a car.

[@christinecortese9973]

However it’s prohibitively expensive to live close to services - I actually chose to save money on housing and drive further to town.

[@paddymurphy-oconnor8255]

Ebikes have expensive batteries and electronics that can create problems. Better get an ordinary bike and develop the fitness to use it efficiently. If you live in a flat city, you don't even need gears.

[@helldogbe4077]

@@paddymurphy-oconnor8255 There's something to be said for both. Arriving sweaty for the start of your work day isn't convenient for certain jobs.

[@knicholaichukonyt]

From the Psychology of Money: always save something even if you are not saving for a specific thing. It gives you security and choice when something unexpected happens. And unexpected things happen all the time.

[@Sapientiam]

Well written and you make a good point. I'm saving for an upgrade on a new home, but it's always good to have a buffer on hand. And you are absolutely right. These times are tough for many. I notice the money flies away quickly on everything and nothing.

[@nightskylights4501]

You need a book to tell you that? It's like saying, I read it in a book that water is wet!

[@knicholaichukonyt]

@@nightskylights4501there’s more advice than that in the book. For those that are interested.

[@helldogbe4077]

@@nightskylights4501 Did that person even watch the video?

[@CYBERTECHY1]

Love your no nonsense direct approach. Keep the content coming!

[@georgedreher2322]

I did everything backwards... retired at a young age after college and played around for several years. I enjoyed travelling all over the US and Europe while I still had freedom and was young, strong, and healthy. I did not get married until I was 56. Finally found my soul-mate. Never had children, and for some reason never wanted to. Wife & I are now both retired. Own a nice pool home we bought with cash in 1997. Still enjoy traveling, but now it's camping, hiking, and exploring. We have no debt, we have freedom. Owned several businesses after my young retirement episode. Financially in great shape. Guess I was really lucky in life and acknowledge that fact after hearing so many horror stories about the struggles of others.

[@michaelfreydberg4619]

Smart man. I’m 56. Never had children. Never wanted children.

[@nicolletelangdon2694]

It's about balancing things out. I am 45 completely debt free, but also single with four dogs. Ive been debt free for almost 10 years now... After a while, accumulating more and more money makes zero sense, specially when you don't have children to leave your possessions behind too. I can't help but wonder, if I had taken more time to date, or dated someone who was not making as much as me at the time, how my life would have turned out. Nicole, if a man comes along, go crazy with him. even if it ends up being a mistake, it's worth it.

[@adrianandrews2254]

Nicole, I have to endorse that sentiment. I'm approaching the end of my life and my biggest regret is over chances I was too scared to take. Regarding the above comment: At 45 you can still find love with a reasonably young woman and have kids. Go make friends - men and women - and relax ! Don't set arbitrary standards for friends ( or lovers ) because people can change how they behave if their heart is in the right place

[@susanhurst6070]

Yes. There is definitely something to be said for having a spouse and kids!

[@nicolletelangdon2694]

@@adrianandrews2254 Yeah, my biological clock is done. Even if I can have kids at 45 I don't want to. If I were to pop one out right now, I would be 63 by the time my kid turns 18. I would be a senior citizen with a 20 year old kid. No thank you! While mentally I am more mature than I was 15 and even 10 years ago, physically, I'm not. I am still really active, but don't have the same energy I used to. Besides, I think it's unfair for a 20 year old to have a mother that is the same age of most of his/hers peers grandparents.

[@adrianandrews34]

I feel your choice is a good one. However, 63 isn't "old". In my, fairly typical, case I didn't start to find life more difficult till over 75. But getting old without friends or a partner sucks. I wish you all the best for the future.@@nicolletelangdon2694

[@SamClemens-id3cl]

The only advice that I can remember - everyone here knows already. The secret to being wealthy isn't how much you are making; it's how much you are spending.

[@TheBeagle1956]

Best advice I ever received was to pay yourself first. Second best was stay out of debt. Third was enjoy life, within reason.

[@bbb_888]

If Apple company stayed out of debt, they wouldn't be where they are now imo.

[@TheBeagle1956]

@@bbb_888I’m not a company, just an individual.

[@seltzermint5]

I love that you talk about prioritizing health. Absolutely so important. I have seen a lot of workaholics burn out hard from neglecting their health. I don't think people (employers and employees) often realize how much better work performance can be from people who invest time and effort into their physical AND mental health, but it definitely makes a big impact every day. I also love when I miss work it's for concerts and vacations but there are people my age at work missing so many days being truly sick. Preventable sicknesses and health problems caused by overwork and smoking and drinking too much in their 30s and 40s. And it's great that you acknowledge work-provided health benefits since that's so huge especially in the USA.

[@trianglesandsquares420]

I don't think the work performance makes a significant enough difference to the bottom line.

[@nanetten6238]

My husband and I deliberately live "below our means" as I invest 40% of my salary into a retirement account. It's kind of strange, but I think my husband's family thinks we are "poor" and cannot afford much. My husband's brothers and sisters are continually trying to outdo each other with new vehicle purchases and home redesigns. They just do not understand our way of life (one car and our old-ish house are both paid in full). A brother recently told my husband and I that "you cannot afford" a particular house. Well, actually we could buy that particular house outright and have money left over, but I'm not sharing that bit of personal information with them.

[@tinanolan1485]

very wise or you’ll end up being the bank if they over leverage

[@introvert-and-dog]

Well done!

[@corilevinson5704]

Another great video and congrats on 50k subscribers!

[@AccordingtoNicole]

Thank you very much!

[@acidityliquidity211]

I found myself to be so cheap that I thought i couldn't have a real hobby. Then I bought a strap for mounting my bike to my car. Totally worth it. I can now ride my bike in much better places than my not so bikeable neighborhood for just $3ish dollars in gas each time. I can ride through beautiful parks. Biking is a childhood past time of mine and I thought it would be a great thing to get back into. My knees hurt from standing at work all day so itll definitely help.

[@bryankasper8567]

The advice that has done the most to affect my financial thinking was "your spending is someone elses income". The thought of really thinking where my money is going and spending money in the places i want to see grow, but also realizing that if i want to live in a solid community, then i shouldnt hoard all my money, i should be spending it so others can earn income and be able to live.

[@learningisfun2108]

As for finance books, I was recommended by my dad the book, “The Wealthy Barber”. It is a very easy read for financial newbies however it is quite old now (it was written in the 1980s when interest rates were through the roof) so there is a “sequel-of-sorts” called “The Wealthy Barber Returns”. If I recall correctly the, 2nd book spends a lot of time teaching us to live below our income. Good books. But more beneficial than books was my dad’s advice and living example; how to make money, how to grow money, and how to enjoy money when you have enough.

[@irefusetoaskmydoctorifyour6401]

Anytime someone starts a statement by saying, "Well all you have to do is . . . . " you know you're about to hear some bull**it!

[@robinedwards8796]

Nicole, this is the only finance related channel I watch. I have no finances, really. I am disabled and working on getting disability. I live in the U.S. I live in subsidized housing, no income, etc. I watch your channel because I like the vibe, the humor in your videos keeps getting better, Levi is cute, I like hearing little comparisons of the U.S. and Canada, and the way your kitchen is organized is like ASMR to me. Your entire home is ASMR. It's like the opposite of Hoarders. It's so clean and uncluttered. ☺

[@sstritmatter2158]

6:25 - investing a set amount each month every month is called dollar Cost Averaging. It’s a tried and true method and I’ve done it about as long as you’ve been alive, LOL. I will say - as you get older a portfolio should shift to less risky investments. 5-7 years out from retiring, much of it should be in fixed assets because if there is a plunge in the markets that lasts a while it could take a while for it to come back.

[@AlanGreenhalgh-g6w]

Hello nicole your wisdom knows no bounds. I really think you should write a book with the content from your videos. I would definitely buy it. Best wishes from cornwall.

[@xoajade]

Hi Nicole! I wanted to take this time to express my gratitude for you. I recently came across your channel and have binged almost every single video. This one in particular is what sparked my drive on letting you know how much I appreciate your transparency on a financial topic. I feel like you've mentioned things that are usually in the gray area that other content creators are aware of, but just don't bother to say, which is important. You've already given me a huge different perspective on investing and saving, which is something I'm still currently learning as I'm executing. I truly admire your wisdom! love from California 🖤

[@AccordingtoNicole]

🙏

[@edwatts9612]

This is a great channel! Not many young people (I'm 72, so, yes, thirtyish is young) are thinking ahead about investing. Compounding will eventually lead to parabolic gains, but in the early stages the curve is maddeningly flat. Just start ASAP and stay the course. It works. Most KZbin videos on finance are just click-bait, but one channel that is very beginner-friendly and has information that is actually useful, is The Swedish Investor, which reviews a lot of classic investing books. If all you need is the "Cliff's Notes" version, you're done. Otherwise you'll have a good idea what you can read to learn more. Thanks to Nicole for creating some thoughtful and inspiring content!

[@KACn5582]

I didn't marry until i was 30. I had already bought my starter home and had most of my ducks in a row. That made my husband's income more or less savings. I think he had a car loan as did I. Obviously not advice for most people. But we lived below our income and are both retired with no real money worries. I do wish we had done more fun stuff in our 40s and 50s.

[@chrisgallaher3899]

Best advice I was given when younger was, work to live don't live to work. Took a few years to realise how good that advice was, now retired and my life has hardly changed, except I have more hours doing what I enjoy, home paid off, enough for emergencies, plenty to invest/pour into my hobbies.

[@xlerb2286]

I've never been a "work as hard as you can" person. For me it's a balance between building for the future and enjoying life today. You don't need a pot of money to enjoy life today, but you don't need to save every penny for tomorrow either.

[@andyr49]

I always love the short south park clips, especially the banker one "And... it's gone!"

[@tandyedwarddix3668]

Thank you for these videos, Nicole. My parents are of the generation where they trusted financial advisors implicitly without question. These videos have me reevaluating…

[@wvjon75]

Lots of great wisdom from someone who’s younger than most of us! Thank you.

[@DawnTiburzi]

You are so articulate and real!

[@WolfWhite-kj1nr]

Thank you Nicole you're so down to earth and I love the cartoon edits!

[@sharedsailing4787]

If you don't know what to invest in, a solid strategy is investing the same amount each paycheck into the S&P 500 or total market index fund like VOO or VTI. The fees are super low and you get dollar cost averaging. If the market is down you get more cheaper shares, if the market is up you buy fewer expensive shares. Few investors can beat the S&P. It's boring but it works as long as you leave it alone until you really need the money.

[@1mofurlife]

Before I quit my job, I did research on who was wanted on the labor market and what professions were well-paid. The condition was that it couldn't be an office job. I was tired of sitting behind a desk for 12 years. Well, now I'm a tour bus driver, taking people on trips around Europe. I earn twice as much as in my previous job... and after all, my current job is not a job, but a hobby for which someone pays me.

[@cheyenne_spring]

Best advice i ever got: don't listen to random people on the internet that shill for extra money and have no real knowledge about anything.

[@Revert2017]

There are times that working yourself to the bone for a purpose can actually be a lot of fun. There are times working yourself to the bone feels like self detriment. I am on a debt free journey and I am having a blast working, manipulating money, watching savings grow, running into pitfalls (I made a conscious decision to stay aware of my health during this time). I believe it is about the spirit behind it all.

[@marcdc6809]

fun fact, that guy of 'rich dad - poor dad' is deep in debt and he made it up, rich dad is just a figment of his imagination...

[@AccordingtoNicole]

Yeah I heard that a while after I read the book. It’s not even a great book TBH.

[@marcdc6809]

@@AccordingtoNicole I think it kind of boils down to 'fake it till you make it'... 'think bigger'... I like your general advise better: work and don't expect returns immediately, it was a wise thing you said there that this youtube thing had also a secondary goal for you, to become more fluent in public speaking, gain experience in that field... quote attributed to the Dalai Lama: if you lose, don't lose the lesson.

[@coinbowl]

🤯

[@Gypsygirl9]

​@@AccordingtoNicoleisn't that the Asian guy?

[@Georgggg]

Do you mock people who took mortgage that "they're in debt"? He is in debt because it his financial strategy, he is actually 1 BILLION dollars in debt and does well. Nobody who is in trouble could take $1bln loan from bank.

[@aragona360]

I found the book The Total Money Makeover to be life changing. It was exactly what I needed at the time I needed it. I didn’t have any debt, except for a mortgage, but I also realized that I didn’t have a budget. I thought I did but I didn’t. Love your videos.

[@mekman4]

Thank you! Health is incredible important and I burnt out quickly because I didn’t prioritize health. I could hustle and get no where and I didn’t get anywhere until I learned about staying healthy.

[@D.M.S.]

1. A side-hustle is a second job. 2. You are never fully in control over your money. Nobody ever tells you this. Your wealth always and at every time depends on others. If you get sick, you won't get paid, if you are injured, you won't get paid, if you lose your customers, you won't get paid, if you go on vacation, you won't get paid, if some shit like a pandemic happens, you won't get paid, if the market crashes you won't get paid. In Germany, we called self-employed "selbständig" = a mix between self and always. You are always on your own. Does this change anything in the long run? No. We're screwed either way.

[@donaldlyons17]

Yeah but even if she said that..... I mean as a regular person she is going to want to convince people to listen to more and more views

[@fredflintstone8048]

As a person in their mid 60s I can advise to not putting off doing the things you enjoy until you retire. When you get up in age you have less energy, less balance, and you start having more days when you 'just don't feel good'. Yes, I pay attention to what I eat, and take vitamins and get enough sleep. The problem remains. Enjoy life while you're young as well. Don't put it off. Regarding financial advisors. I've worked with a few in my life and I've learned that the person they're looking to take care of financially first and foremost is themselves. The money I invested with them made more money for them than it did for me. The same thing goes for savings and other accounts in banks. My bank returns the most pathetic amount of interest of all.

[@susanhurst6070]

Agree. My mother told me to "travel as much as you can. You will be surprised how quickly you won't feel like going." So true. Now 68, I notice changes in balance and energy.

[@mettamorph4523]

I didn't see exercise in your list. We seniors need targeted exercise. Gotta keep our legs thighs buttocks strong to stay steady.

[@idunablack2592]

"set it and forget it" thank you, I needed to hear that. I have yet to finish school and make enough money to start investing but this is gold. Thank you

[@BrianK-zz4fk]

Invest should be boring is correct. The market crashing everyone pulling money out while I am buying. Warren Buffett has a great saying "be fearful when others are greedy and be greedy when others are fearful". You cant time the market but to sell in down markets is the average folk. I tell my best friend you want the market to crash as he has 20 years b4 retirement but blows his mind.

[@missmaryjanegreen]

First! Love your videos

[@markbajek2541]

my advice is when ever I off load shares of Home depot stock , go ahead and buy it , as it always seems to go up the very next day.

[@AccordingtoNicole]

🥲

[@Rockerlady]

​@@AccordingtoNicoleNicole, what do you think of the "Rich Dad, Poor Dad" book?

[@BrianK-zz4fk]

haha my mistake was selling my 20 shares of Amazon cause they had negative PE ratio 😂cost me 40k 😂. All good though owned AAPL too.

[@jasonwojcik]

​@@Rockerladyit is a garbage read. This is the summary: the fastest way to financial freedom is to go from wage save to self employed to business owner to investor as quick as possible. You're welcome! 😂

[@ThomasMullaly-do9lz]

Been buying gold and silver maple leaf coins all my life. I can still buy the same goods I could with a gold coin a hundred years ago can you say that about a hundred dollar bill. Yes I own my own house and land I can grow things on. Yes I don't spend money on things I don't need.. Remember what Voltaire said about fiat currency. My Anglo Norman grandfather once told me you must have your weight in silver to be free.

[@farn451]

"Work smart, not hard" "Work to live, don't live to work" "Don't give your everything to a company that will replace you before your corpse is cold" "Nobody ever got rich working for someone else..."

[@alinatamashevich3354]

No one their death bed ever said: I wish I'd spent more time at work

[@bobbylibertini]

You are correct- It's not complicated...it's very simple; basic math and common sense. Live below your means; save a good percentage of your money; reduce the biggest costs in your life, yada, yada.... Actually, this is the only personal finance channel I watch; not for the info...just because it's nice hearing someone speaking the obvious truth and not couching it in hyperbole....and the fact that "just some girl" gets it!

[@Lilaliba88]

It's me again😅 Nah, I am not that interested in personal finance, but I really like the way you talk, your thought process and everything so even if you'd be speaking about toilet flushing, it would be still interesting lol😂 Best financial advice? Money does matter until you have a certain amount. It makes the most of us happy or at least quite content having a decent roof over our heads, quality food to eat and a way of transportation, like a car which is working. If these "basic needs" aren't met, it's frustrating. But beyond that nothing really matters anymore meaning that we won't be so much happier in a luxury mansion compared to a cozy apartment. Same goes for a car. We can drive a well working VW/Toyota, don't need a Mercedes/Porsche (or even a Ferrari) to be really happy. Safety and a reasonable comfort is something we should aim for, not mindless luxury just to show off.

[@thomaschew2191]

Well done Nicole. I'm one of those who has read and continue to read personal finance books, budgeting books, investing books, retirement planning books, how to get out of debt books. You are correct there is no book that will make you rich. Still, I look to books for encouragement and maybe a stray nugget of wisdom. Most books seem to point us to real estate investing is the way to go, rental properties. I'm more the index fund investor. Having a plan and keeping to the plan is the main thing. Living below your means and saving something.

[@camgere]

I'm glad you talked about starting a business. Most people only know being an employee and having earned income. It is worth educating yourself on business and investing. The tax code is very different for employees, business owners and investors. Passive income and royalties are not taxed like employee income. I don't recommend real estate for everyone. I did invest in real estate. I can pretty much set my taxable income. Mortgage interest is tax deductible. If I have excess income that I don't need to spend right now, I can re-mortgage an existing property or buy a new property with a high mortgage. More deductions. I can decide how much income I want now and how much later. Later works well for retirement savings. Since property values tend to rise with inflation, I will eventually get a bonus when I sell (watch out for depreciation recapture). One time income vs. recurring income. Employees can't really adjust their taxable income. Having to hire an employee will give a whole different view of employment. Employees think they deserve to live like the "The Real Housewives of Beverly Hills". Employers just want work done for the lowest cost. The art is in striking a balance between the two.

[@smartypants1980]

My first intro to personal finance was Till Debt Do Us Part on CNBC with Canada's Gail Vaz Oxlade on Saturday nights

[@Nisalyn88]

I love your cutaways! They always make me laugh. Some people overuse them, but I’ve never felt that watching this channel.

[@jackmiddleton2080]

Making 200k and asking if you can buy a 25k car has to be the definition of humble bragging.

[@babatundeswana9361]

My career become a barber and opening my own barbershop

[@fourdayhomestead2839]

One thing I've learn financial is from my job. A person with $$, pissing away $$ on crap that I have to play storage janga to put away. It's just stupid. She don't need this crap & probably will ever use it. Just stupid!

[@VanIsleWhimsy]

I was fired without cause earlier this month, and while I still haven't heard whether I am approved for EI, and am starting to worry, I decided to take the extra time as a gift, and I started my greeting card company. Yesterday I dropped my cards off at my very first store. I have also spent time setting up a Redbubble shop, an Etsy store, a website, and getting my Instagram account going. Oh, and I started a KZbin channel. So far, I haven't gotten any sales, or any subs on my YT channel, but that's okay. I am still enjoying the process of building all of these future income streams. I know it'll be worth it in the long run. I've always wanted to be an entrepreneur, so I guess there's no better time than now!!

[@finestgrowth]

I like cards and will check your channel out. I collect cards I get, and then I read them after a while. Great memories 😊

[@Joey-LF]

Thanks for this perspective. When I watch other videos, I feel guilt for not starting young. I had fun in life even though I overspent but now that I know a better approach, and still want to have fun.

[@twoweary]

Great advice here Nicole. Yes, time in the market beats timing the market. Index funds for the last 90 years have averaged around 10% according to one book I read ( don’t worry about the ups and downs along the way). Oh, when you start riding your bike more often, raise the seat, a persons leg should be almost straight when the pedal is at the bottom for more power and less fatigue. TU !

[@mwernli2886]

There‘s a book called „The Dhando Investor“ written by Mohnish Pabrai, in which the author explains the Dhando philosophy. The very gist of said philosophy is: Either I win or I don’t lose very much. Not only Pabrai himself, but other investors follow the Dhando approach, such as Sir Richard Branson. The the book is really worth reading, especially because it gives you also a different perspective, namely an Indian one. Since you are pretty experienced already, you’ve probably already figured out, that the approach resembles the one where you don’t invest in anything, unless the odds are very high in your favor. But there’s more to the Dhando philosophy than just that. But this very simple idea changed my view on investing significantly.

[@lukeelliott2128]

The book Personal Finance for Dummies taught me how to invest in my company sponsored 401(K) over 30 years ago. I violated a number of the other suggestions in the book, yet I never stopped adding to my 401(K). A $19.95 book basically made me $400K, money well spent.

[@inmerava]

You’re completely right 👍🏽

[@nonyadamnbusiness9887]

Here's the most profound thing I've heard about getting rich. People who get rich look at every opportunity in terms of what they might gain. Poor people look at every opportunity in terms of what they might lose.

[@bonnielizarraga7941]

I’m old struggle all my life

[@Dellvmnyam]

You're from the Internet, this means you don't want us to know this too.

[@AccordingtoNicole]

I’m not trying to sell sensationalism and clickbait though 💁🏼‍♀️

[@smartypants1980]

One thing you said in a prier video that stuck with me was finding it better to have the money to buy the thing and not the thing the money can buy

[@marc_Peterson]

Get involved with the child support system. Then you really stop giving a shit because you'll never have anything

[@AccordingtoNicole]

Aww poor baby has to take care of his own kids. Boohoo

[@marc_Peterson]

@@AccordingtoNicole that has nothing to do with the rights they take away

[@marc_Peterson]

Well not being able to buy a house and have your driver's license taken causes a little bit of damage. And I can't get a passport either

[@sandrabryan9106]

The best take away I have had was to learn not only how to buy/invest but also when to sell it. It was so long ago and I've read so many books but if I recall it was advice from Warren Buffet. I cherry pick info from all the books I've read. I've had three different "advisors" that have suggested three different investments, two were terrible that I didn't take and dodged a bullet there. Another one I took without doing my own research, it was terrible and I ended up taking a small loss. I reinvested the remaining in something else that suited by investment strategy and within a few month had recouped that loss. Since the capital loss was held in TFSA, I could not claim the loss on my taxes. I am not saying to sell at a moment that something dips but I held on for 3 years to see if it would turn and lost out on the "earning potential" simply by not shifting it to something more reasonable. No one understands my strategy and it's a bit complicated to explain. I always take into consideration the tax implications in allocating money into different categories and where to place it (TFSA[ Roth}, RRSP [401K}) etc. I really enjoyed this video!

[@williamjacobs]

The advice I liked was that the time to sell an investment is when you come across an investment that you want to own more than the one you're thinking of unloading. This will only work if you're not chasing the latest fad, such as NFTs or cryptocurrency.

[@BINSNEWS]

Books on personal finance & finding jobs are usually a waste of $. It's all about saving, living debt free, & long-term planning. I rarely ever bought books on the above. Good video.

[@7Write4This9Heart7]

THANK YOU for fighting back against hustle culture/working forever! My parents are SO into the 'work for 18 hours a day, never take breaks', etc, and it drives me NUTS! I'm BEYOND burnt out, I NEED breaks to survive! Let me live! X'D

[@stimepyc3523]

Owning your own business is a should BUT. It is NOT a miracle. Sometimes it works out, some times it doesn't. At the very least, start something, see if its viable, and go from there. Heck, worse case scenario, it's a tax write off, in the USA at least it is.... AND it will piss off people who can't do the write offs cause they don't own a business.... So just be aware..... Making time for fun/friends is something that doesn't get talked about enough in Finance. In the Fire movement especially! Unless your hair is on fire... (ie your in a ton of debt) Go out, spend some money, have FUN! Just don't do it to the detriment of your finances! It CAN be done! It is is MUCH healthier then just.... being a scrooge. Yes it might mean your plans are 15 years in stead of 10 But, what is life if not something to experience! For example I have traveled to a few different countries overseas, and while it IS expensive, it has not kept me from taking my finances and making them continue to grow in a positive direction. It was worth it, and it continues to be. Even though it means I am not going to be FI for a few extra years....

[@glorgau]

I like that when you say "important", you pronounce the t's. This leaving off the t's thing REALLY bugs me. ;-)

[@CT-wq1je]

All true. Be great if you made a video on Gling, that editing software you have a link to. Enjoy the E-bike. They are a lot of fun. A helmet & gloves (if you need to use your hands to work) are a great idea. From my physio who has treated people who have fallen off & messed up their hands/fingers.

[@MindyGasparek]

Great video Nicole. The e-bike looks fun! I hope Levi is doing well.

[@RM-jb2bv]

If you bought a house in 2008 with an ARM you were dead on the water. Ask yourself why you have to “invest” in thr first place. Why can’t you just save instead of gambling in the market?

[@babatundeswana9361]

It's important to have play time

[@eyesuckle]

Interesting. That South Park clip with the guy making the elaborate investment only to conclude that the funds deposited are immediately gone is identical to a joke made on the Simpsons--unless I'm mis-remembering that. I wonder which was first?

[@davecopp9356]

Your hair looks like a wick to me and I like your videos. All the best.

[@libbysworld7649]

Those first 3 videos you used as examples, I have watched EVERY SINGLE ONE OF THEM! LOL You know me, Nicole! 🙂 Great video. Awesome insight. As usual!

[@AccordingtoNicole]

Me too. Absolutely no hate to those creators. I like all of them. But sometimes KZbin feels like an echo chamber. 🤷🏼‍♀️

[@hammer48ful]

Your advise on going in business for yourself can be good and bad. The biggest thing is to learn your market and what you can charge. Many people don't charge enough and cheat themselves out of money. One of the other things is learning how much the government and insurance companies are going to make off your labor. In my case it was 50% off the top. Many companies out grow the owners and actually make less profit because the expenses go up.

[@rowdyriemer]

When considering the balance for what you do for yourself now and what you do for future you, keep in mind that even if there's a future you 10 years from now, the you that is alive today will be almost entirely dead in 10 years. You'll be replaced by future you one cell at a time ( well, probably lots of replacements happening in parallel). 10-years-later-you will resemble current you in many ways, will have an incomplete set of attrophied memories that current you have, will have a lot of new memories that current you doesn't have, and will be a physically different person. Even among the more permanent cells in your body, a lot of material is exchanged. You don't want to be selfish towards future you, but you also don't want to sacrifice everything for future you either.

[@michaelfreydberg4619]

About 6:00 in. I had a friend try to time the market when Covid hit. He withdrew money before the shut downs. And put the cash in park in a bank. Unfortunately that withdrawal led to him having to pay back ALL the Covid unemployment money he received while things were shut down.

[@Frank_42]

You know when Dune 2 came out everyone kept talking about that time Jodorowsky wanted to make a Dune movie. I wish I knew about Scrotie McBoogerballs or I would have had a few things to say about that.

[@Sapientiam]

I would make a proposal to make a video on how best to sell things. How best to take pictures, write a description of the object and price setting etc.I think there are alot of people that want or need to know this. Many people have too many things that they just store or that just collect dust on the shelf. People who are struggling financially and who may want to make a profit from what they have lying around. I myself am interested in this, despite my own success, there are always new tips or more inspiration to get.

[@theroamingsavage8813]

Living in Canada is terrible for 6 months out of the year (winter). U should look into real estate in a warmer climate country such as Mexico, Nicaragua, etc.

[@Thunder_Dome45]

I like those clips for investors at the beginning. They were so cute the way they say to take $300/mo of my negative cash flow and invest it. Weren't they cute? If I had that my student loans might be caught up. They must be using that youtube money or something.

[@austinburns4213]

Yeah. As someone entering retirement, you can really feel your colleagues aghast that you want to be done with working. “What are you going to do? You’ll be bored out of your scull”. All I can think is they’ve wrapped up their entire identity into their work persona. Not even realizing it’s all make believe in their head. C’mon, are you completely lacking imagination? I can’t think of anything to do? We truly are in a Farengi world.