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.

[@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?

[@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!

[@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.

[@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

[@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]

👏👏👏👏👏👏

[@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

[@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?

[@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.

[@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.

[@WholeEd]

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!

[@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.

[@CYBERTECHY1]

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

[@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. ☺

[@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.

[@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.

[@andyr49]

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

[@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.

[@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.

[@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.

[@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.

[@phmiii]

The only financial advice that I got for retirement was from my late uncle: "Save 10% of everything that you make and you will be fine." This was wrong in so many ways! I had to learn finances the "hard way". Nicole offers some amazing insight. Please keep up the wonderful work!

[@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.

[@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.

[@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

[@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.

[@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!

[@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.

[@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!

[@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…

[@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.

[@wvjon75]

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

[@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.

[@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

[@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

[@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.

[@WolfWhite-kj1nr]

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

[@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.

[@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

[@corilevinson5704]

Another great video and congrats on 50k subscribers!

[@AccordingtoNicole]

Thank you very much!

[@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.

[@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.

[@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.

[@Ricky_B4]

The most important book I have ever read was The Richest Man in Babylon. I read it when I was 12 and at the time I was making ~45 dollars a week during the summer and ~20 when school was in session. I put 10% away and either blew the rest or put it in another savings account for large future purchases. No matter what I made I took out 10% first and put it in savings. I used my savings as collateral to get a good interest rate when I borrowed money for my first car; the down payment came from secondary savings, I didn't touch any of my original 10% until after I retired.

[@RUMNIAH]

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

[@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! 😂

[@kippen64]

This is the only financial advice channel that I am subscribed to.

[@BobSure_AKA_PotatoSmasher]

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

[@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]

🙏

[@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

[@DawnTiburzi]

You are so articulate and real!

[@Nisalyn88]

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

[@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.

[@inmerava]

You’re completely right 👍🏽

[@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

[@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.

[@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!

[@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.

[@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. 🤷🏼‍♀️

[@sallyprzybil2404]

Great video again. Been thinking about an e-bike! Best advice is not to work yourself to death but remember to enjoy your life too. If you’re on a ‘budget’ living frugally then make it one of your hobbies to find fun activities you can do on your budget.

[@gingerstrait836]

Thank you Nicole. Great perspective on money and life! 💖💖

[@babatundeswana9361]

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

[@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.

[@Joefest99]

The three best pieces of financial advice: Invest in a low fee S&P index and a total market index. When you have enough to qualify, become a private equity investor. Start a business, preferably doing something that you enjoy to some degree.

[@counterpointjunkie8243]

In my opinion the internet has a way of scaring you about the future to an extent the advice they give seem like the only way to a good life.

[@Mike-yr1sm]

Also, a KZbinr I watch is The Money Guy Show. They do a good job nuancing "the grey".

[@richardross7219]

Very good video and advice. I worked a lot, saved, and invested. I took time along the way for fun especially taking my son to Boy Scout activities. Those memories are important to me. Be careful with EVs. Some are known to cause fires and have taken out garages/homes. Some insurance companies exclude EVs now. Good Luck, Rick

[@jackmiddleton2080]

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

[@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.

[@MindyGasparek]

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

[@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.

[@oldroscoe2590]

Congratulations on 50K subscribers.

[@SamClemens-id3cl]

100%. Those comments about 'you should stop buying Starbucks coffee and invest it' -or- "the problem with young people is they eat avocado toast & that's why they can't afford anything" These comments drive me *crazy*. Those 2 things are NOT going to change the world !!!! The secret is being intentional with your money & accounting for ALL the things you want to do: retiring AND drinking coffee (if that's what makes you happy.)

[@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 😊

[@frankalexander5401]

I never got into “hobbies” (e.g., golf, sailing, camping, tennis, watching TV, sports, etc. ). However I actually enjoy making money, reading about money, talking about money, investments, etc. ). lol!!!

[@mavman0131]

Love your presentation style and your insight.

[@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.

[@blaineburnie6890]

Well done. I have read about 10 books on finance and money and economics. You are correct much of it is just repeat repeat repeat however, I did learn a significant amount. I do enjoy reading them so I will probably continue. But you definitely have some good things to say in this video.

[@dmick9168]

This is one of my new favorite channels!

[@babatundeswana9361]

It's important to have play time

[@TheREALJosephTurner]

You should consider writing a book. Seriously. It would fit your lifestyle, as sales would be an additional income stream!

[@PaulRWorthington]

I lol'd at the pop-up text over your gray couch

[@pauleff3312]

Incredible but succinct advice for a young lady with a wise old head

[@jennykoh6807]

I thought you said you were going to put a link for the list of side hustles?

[@tonyp9313]

Yeah agreed. For those who want to side hustle & make a 2nd income it's an awesome idea to have more options to rely on. For those who can afford to work lesser hours on your 1st income depending what your situation is I recommend you do that also. Remember time & your health are just as important as money. You don't want to be working a job 60+ hours a week like most of my co workers do just because they spend a lot of money & don't know how to budget. Plus I see them always dead tired & that takes a toll on your health, with stress it's not worth it. Learn to be frugal & a minimalist. This is really helpful because now you don't have to work those 60 hours you can work 40 hours. When you are working lesser hours & can budget your money well, you'll see results.

[@farewellDebut310]

As an older woman, working for a non-profit as a half-assed retirement move, I appreciate your common sense approach to life. This post is one of your wisest.

[@jmsjms296]

Thanks!

[@unknownperson3649]

I totally relate to the books I’ve gotten to where it’s all the same. Richest man in Babylon and creature from Jekyll island have been my favorite.

[@babatundeswana9361]

My career become a barber and opening my own barbershop

[@angie5life-is-good]

Another great video posted by you. I wondered if you posted one on your new espresso machine. I gave up on finding the perfect blue jeans but not the perfect cup of coffee! Thanks

[@salmonsandwich3183]

Finance bores the crap out of me. You just make it less awful - and you're very succinct and your advice is very practical. You're also a music person and the same age as myself, and that comforts me for some reason. I hate basically any other finance channel because they always give me the "guru" vibe, and I hate that. Keep up the great work.

[@diosadeamore]

Speaking of sleep, I better get to bed! Good to see that you are now sponsored since I last jumped into one of your vids! Congratulations! 🎉💐

[@williamjacobs]

One of Warren Buffett's principles is refusing to invest in something that he, himself, does not understand. Investing is boring. Friends asked me what to invest in. I asked, "those two cars in your driveway, do you own them? Or do you have a loan." Loan. I shook my head, "If I had an investment with guaranteed return of 9% or more? You have no idea how fast I'd buy in." Pay your car loan. 100% safe, lucrative investment. And really boring. They paid them off and have an investing account now. Another investment idea? Once you have enough to pay it out of pocket, get quotes to raise your insurance deductibles. Sometimes it doesn't save much, other times, (like if you could afford to replace your car entirely and could drop collision insurance), you could save a lot. "Investments" can be hidden in plain sight.

[@kelvinpell4571]

Great stuff as always Nicole. Sage advice and observation without pretending special knowledge or hyperbole.

[@rose2525bud]

I about enjoy your perspective on finances. I’ve read some of those books too. The greatest thing that has helped me save money is videos on minimalist and the Hoarding tv show, was life changing. Thank you for being the diamond in the rough on KZbin 🤩👍🏻