The REAL Reason Young People Can't Afford to Buy Homes

[@MRCATWRENCH]

Intelligence is separate from education. You’re intelligent.

[@klmjtr]

We were told NEVER to talk about money. How f’d up is that!

[@sarikagoode1505]

That is by design. Imagine a debt-based economy where consumers were educated about the dangers of debt.

[@dianawilde417]

Nicole should open up her own school of life. She fills in the real life stuff we have never been taught. And she still has the ability to think independently. Bravo Nicole...watching from England.

[@kelvinpell4571]

No one would listen. They would be too busy changing gender and drinking pumpkin spaice lattes

[@dabprod]

Diana is exactly right. You're becoming well known and should start thinking about teaching a course on becoming financially mature and independent. Your a natural.

[@joaquimrodriguez8961]

Tell her, not us.

[@soccersprint]

Also, dont ever get married to a financially irrisponsible person.

[@capnkirk5528]

And don't think you can CHANGE them, either. All you end up doing is trying to "swim with an anchor strapped to your foot". If you are a REALLY strong swimmer, you might be able to but it will be a terrible experience. If not, bankruptcy and divorce await you ...

[@Rodaportal]

It's incredible how she highlights the importance of leveraging what you have to create something remarkable, rather than fixating on what you lack. She's the guide we never knew we needed! 💰📚

[@jennhall522]

My sister and I learned absolutely nothing about money. All we saw was our mom freaking out over everything, and constantly telling us we couldn't afford..well anything. I wish I could say that I took that and turned it into something awesome, but I did not. I spent the pandemic learning about finance, and I'm starting to get things under control now, but holy hell, it's been a JOURNEY. It's STUPID that we don't learn about this stuff in school, good grief.

[@AccordingtoNicole]

The best time to learn may have been yesterday, but the second best time is today. You got this.

[@christinme23]

Good for you it’s never too late to learn and turn things around. 👏🏻

[@noneofyourbusiness3553]

As time passes, it ought to become more evident that the institutions we were taught to trust were never really worth that trust. That said; you are the best qualified to run your life. You may make mistakes but, the only time those mistakes are a waste is when a lesson isn't learned from them. The good news is that there are people out there that want to help with a hand up and you can do it!

[@specialtwice4975]

Not teaching finance in schools is the present day equivalent of not teaching kids how to read and write in the 1600's or not letting kids go to school (have to quit school at grade 8) in the 1900's. It's a way to keep the masses poor, because if you don't know about money and taxes you'll struggle to grow.

[@Kat-z3b]

I think it is intentional we aren't taught. Debt is a great income for banks.

[@wendyonions8652]

I am going to sit my teenage daughter down to watch this later today. Hubby and I are very much into personal finance and debt-free living. Our only debt is our mortgage, which we have been aggressively and rapidly paying off early. We are savers. We have been having those money conversations and family budget meetings with our daughter. I'd like her to hear it from you too. :)

[@rosed6058]

Yes, I feel bad for kids today, they have it tough.

[@a012345]

They also don’t help themselves with some of their financial behaviors, making it even harder for themselves.

[@scoodler]

The best advice I can give young people is to stay living in your parents' house for as long as possible. Save as much as you can and keep it in the family.

[@brianatkinson6600]

Double edge sword. There is a very narrow line between hurting and helping (somewhat like love and hate). The most independent people I've ever met were the ones that left the earliest. Dependency is the greatest form of hate you could ever hand to an adult. I left at 17 (as in completely).

[@jamesr1703]

Bad, bad, bad advice. You will never know what you can do on your own, until you do it ON YOUR OWN. Living with your parents not due to an emergency reason, is just sad.

[@jux3283]

​​@@jamesr1703wasting money on rent to some cùnt landlord is whats really sad

[@ashleyann1527]

The advice, although well intentioned, is an insensitive thing to say to a lot of people. Some people come from homes with alcoholics, drug addicts, wife beaters, etc. I had to leave home for safety reasons when I was 20. And countless people have solicited me that advice to move in with my parents to save money. The advice doesn’t feel genuine, it just feels like getting talked to like you’re stupid

[@scoodler]

@@ashleyann1527 You're right about abusive situations but that applies to any living situation, including roommates and in some cases, even a landlord. Definitely don't live with anyone that is abusive, but if it's not way with the family, and the relationship is good, then I would stay home. I say this because rent costs are insane in many places. Giving up half your take home pay to a landlord can be extremely limiting and discouraging in many ways and it would be extra hard for those that have a lot of student debt. And to the others who have commented, of course, don't stay home forever, but it will give you an added advantage financially in your early years if you are able to save up before you move out. Moving out alone can cost over $5,000 in some areas.

[@sallyprzybil2404]

What was I taught about money? That women should not have money. This was the ‘60s. My dad was much older than my mom. She had no access to any of the ‘family’ money, and she was not allowed to work outside the home. But there was a lesson that was far more important that happened by accident. I was just in HS, I wanted to go to a party so I asked my dad for money to buy a dress. Cheap jerk that he was he gave me $5. Even in the 60s that was not enough to buy a party dress. I cried, was angry. Then I decided somehow I was going to do it. It wasn’t enough for a store dress but it was enough for a pattern, some material and sewing supplies and we had an old sewing machine. I had never sewn before, but instructions were on the pattern. I followed them carefully. When done I wore the dress to school. My art teacher loved it, it was made of intricately patterned material that was hard to match. She even had me “model” for her advanced drawing class. The lesson was this: Even if you don’t have the resources that someone else might have, take what you do have, and with a creative brain, and two capable, willing hands, you can take those limited resources and create something great. Find ways to maximize even limited potentials.

[@AccordingtoNicole]

Damn. Sorry to hear your dad was abusive. 😞

[@cherylT321]

That was a great story. I really wish sewing was still taught in the school system!

[@mht5875]

I was born in 1967 here in the states it was illegal for women to get a loan. My mother had a credit card but was in her husband’s name. I am the first woman in my family to have a credit card in my own name.

[@modi2411]

I was born in ‘66 and decided at a young age to never be financially dependent on a man or anyone after watching my mom deal with my father, the bread winner.

[@modi2411]

Do you think financial education is intentionally not taught in schools to keep people kind of ignorant and endlessly consuming?

[@theesilverghost]

My dad was a truck driver (short, local hauling), and winter was very slow. I watched my mother divide cash into various envelopes -- grocery money, utilities, taxes, etc. I also watched her save "hard" during the summer so that we could live the same when the work slowed (or ground to a halt) in the winter.

[@joaquimrodriguez8961]

Me too , plenty of times I saw mother when she lived count out out spare change , she collected to buy us kids food that we had ran out of while dad was at the construction site.

[@kniknayme9865]

totally agree. part of the problem is keeping up with the jones. I remember someone commenting about how old another coworkers iphone was. replacing shit that works with newer models is such a waste of $.

[@cherylT321]

I had a television from the nineteen nineties that died on me a couple of years ago…While it was still working, a family member bought an upgraded television and tried to give it to me. I said thank you, but no thank you…I refused to get rid of my television when there was nothing wrong with it!

[@christinme23]

I still have my iPhone 7, it works perfectly fine and I will not get another phone unless I absolutely have to. Over the past 5-7 years I have adopted a more minimalist lifestyle and I love it. I’m still working on it but I’ve come a very long way from where I was. Once we got out of debt I said never again will I allow myself to buy things that don’t matter and accumulate debt.

[@cherylT321]

@@christinme23 Good for you. My IPhone’s a refurbished IPhone eight. It does everything I need it to do and I’m happy with it!

[@sophiakitts]

Just started researching Apple refurbs. We both have the iPhone 6s. They’ve been great but i don’t want to wait until they die to replace them.

[@sapphiresquire]

Twice in my 20s, my parents ended up in a financial situation, and I helped them out. Both times they paid me back, but it took several years. I'll be 30 soon, and I'm currently struggling to get myself together to by my first home. Watching this video makes me want to go back in time and give my younger self all of this advice. Back then I didn't realize that maybe my parents don't have the greatest understanding of finances, and it's really starting to hit me now looking forward at my life, and I really want to be in a better place than they are.

[@eckehareckbert2731]

U're still young believe me, keep dreaming and working😊

[@hifinsword]

Home ownership has changed since I was a youngster. It used to give you a tax deduction that boosted your take home pay so you could afford the house payment. Now the Standard Deduction is so much higher that a mortgage interest deduction isn't higher than the Standard Deduction. If you can afford a cheap tax preparer like H&R Block, get the preparer to give you an idea of whether or not you will get a tax deduction if you have a loan of a certain amount. That will give you an idea of where you will be financially when you do buy a home.

[@PS-ic4bp]

Read the simple path to wealth by j l collins

[@hifinsword]

@@PS-ic4bp Read "The Four Pillars of Investing" by William Berstein or "The Millionaire Next Door" by ?.

[@PenniP]

Great job Nicole! You are an inspiration to many people your age. I didn’t grow up with money, so I became a natural saver and have benefited greatly because of my mindset. I am entering my 60’s in 2024 and just now starting to loosen the purse strings. Luckily I had a job that paid me to travel (my passion) all over the world and I have had some amazing experiences! Life is a journey of choices and I always try to keep it balanced!

[@commenthero4635]

Your biggest attribute is your attitude. If you believe you can't or can, your right.

[@ronettemalone]

Nicole, your videos are the best! Fitting a Costco size pickle jar where it doesn’t belong had me laughing hysterically. The Expression on your face was priceless. I am a 56-year-old empty nest mom, watching your videos as much as possible and you delight me. I grew up in a very, very poor household, my parents’s income was below the poverty line. They spent every single penny they had irresponsibly. I took the scarcity mindset my childhood gave me and turned it into positive financial behaviors, and now I live very comfortably.

[@johnboy6594]

Me Too...

[@doublesandtrips]

There is one takeaway from this video that stands out to me. That is whenever there's a pickle jar demonstration, I'll start lowering the lid of my laptop. The value of the information in this video is lifesaving.

[@joaquimrodriguez8961]

Lol

[@timothyirwin8974]

As a senior who spent a lot of money on new cars for forty years this young lady is spot on. Fancy cars are a trap and over those forty years I should have been buying beaters would have saved a ton of money. Now I only buy beaters and with cash. No more car loans or leases. Remember when people look at your car that is all they are looking at. Guys having the car of your dreams is not going to get you the woman of your dreams, that is a fantasy promoted by car companies and advertising agencies. Get a used Toyota, make it last.

[@gracesimplified3860]

Another great video, Nicole. I hope your viewers are open to putting this advice in practice. It requires self discipline and a long view. I also believe that prioritizing your wants is of value. Most of us want to drive a nice car, travel, dine on delicious food, treat ourselves to a concert, grab a coffee out, look stylish, own a home we can decorate to our taste… However, most of us will have to choose what we are willing to focus on. I am 63 and own my home outright, but that does not mean I can now spend my money elsewhere. There will always be property taxes, home insurance, and home repairs eventually. In order to get where I am, I never held credit card debt, always made sure I had good health insurance, traveled/vacationed very rarely( once every 20 years), owned my cars 20+ years paid in cash by always having a car savings account, lived at home while attending community college then state while I worked. My daughter lives at home in order to get her degree with out debt. The problem is that the messaging has been, by the financial institutions, is that you can have it all through credit. You’re exchanging your freedom whenever you finance anything. The best reward you can give yourself is a financial cushion before you begin to choose what you value most.

[@jamessauve2419]

@@flohough1870 Yes, the banks do bear some of the blame for the amount of consumer debt in this country. They are not alone. You can also blame the government for forcing banks to extend credit to people whose credit rating is sub-prime and are thus, predictably, unlikely to be able to repay.

[@Thomas63r2]

Pure gold - I love Nicole's take no prisoners approach: to money and decision making. Maybe Nicole didn't go to college - but she sure is a valedictorian of the school of life.

[@ottifantiwaalkes9289]

It's not that she did not go to school.but cause she did not go to school i think.

[@maxlown363]

My dad was self employed mostly forever. We had a dairy farm untill the late 80s, then he got into beef cattle. He also bought a sharpening business in town. He talked to us often about paying interest as seldom as possible, and saving money.

[@sophiakitts]

So YOU’RE the one! Glad someone out there had a dad who got it.

[@southbound1969]

I love how Nicole keeps it real.

[@joaquimrodriguez8961]

Tell her not us.

[@kerryf9796]

I grew up living with my mom and grandparents. My grandmother was very frugal because she had to be. She made our clothes, used coupons, and didn't buy anything she didn't need. My mom put herself through college while working at least 2 part-time jobs at a time and got a job at Wall Street because she wanted to make as much money as possible. She saved and saved, eventually buying my grandparents a condo and was extremely good at saving her money. I grew up using the knowledge I gained from each of them. I don't buy what I don't need or really want, and I've always been a saver. I also learned that I didn't want to be a slave to my job like my mom was. I think I learned a good balance.

[@davehaugsten9427]

I do not understand how you do not have 30 million subscribers. Your message is excellent but we need to get better marketing. You need to reach a lot more people with your message. This is probably the most important education that our Next Generation can be exposed to.

[@davidbeise7385]

As an old guy this young lady is one very level headed financially literate 26 year old. And I'll add disciplined as well. You mentioned financial education and boy you are right on with that. Our "education" system focuses far too much on crap that won't serve us later in life like all the things you brought up. You are living proof that with knowledge, self control and not falling into the instant gratification trap you can achieve a lot. Well done. Keep it up and I hope you are educating some young people with your videos.

[@AccordingtoNicole]

I’m 31

[@davidbeise7385]

Thanks for that Nicole. Your achievements are still an outlier from what we see today. Well done@@AccordingtoNicole

[@ticktock2383]

Imagine being gifted an entire house. That's what my neighbor did for his daughter!

[@AccordingtoNicole]

Lifestyles of the rich and famous.

[@sage_silvestris]

@@AccordingtoNicole not necessarily. My grandmother lived like a beggar, saving pennies to support herself in order to save as much of her salary as possible. Bought me a family home (in need of renovation) when I was 12. I was forced to let it go for scrap of money when this global breeding insanity broke out. I was constantly assaulted by men for it and I couldn't renovate it myself because men don't work for a woman. They take away what they want.

[@luvworldpeace]

Man, does it have to be a Costco sized pickle jar? Lol love that one

[@charlenesnotes]

Wow congrats on buying your home! I’m currently revisiting all my poor financial decisions as I am about to be 25 and am nowhere near ready to buy a home. But in working on learning how for the next 5 years ! Thanks for this video

[@elizabethdouglas3417]

I desperately needed to hear this. You have a new subscriber.

[@stephaniemanchester-chermo3840]

As a Gen X’er I’ve got to say that Nicole here isn’t the norm for her generation. I wasn’t raised by financially responsible parents (boomers) so I had to figure it out on my own. Lucky I left home at 16 and learned from what we used to call “hard knocks”. 😂 A long story short I managed to open up a business and thankfully I own my own home as well but it’s been a long road. Keep your heads up and you’ll make it. Believe in yourself. 😊

[@johnnyboyvan]

Same. Now worth 2m and no debts. 😮 Schools don't really teach about debt and accounting. I took courses in Financial Accounting and learned about RRSPs etc.I lived at home til my 30s and then bought. Yes!!!! You are very astute and a rare truth teller.

[@melissawitsell7509]

Still laughing about the Costco sized pickle jar! 😂😂😂😂😂 I was not taught anything about money growing up. When I was married, my then husband and I learned about money together. After my divorce, I have continued to learn about money and how to better manage it. I really like your content, and it’s good to see someone your age being so smart about their finances. More influencers need to be like you!!

[@hipsterkennyrogers909]

Just make sure you watch part 2: how to get the pickle jar back out.

[@melissawitsell7509]

@@hipsterkennyrogers909 😂😂😂

[@Travelpnw]

This video was impressive. Love the way she is able to verbalize this information for the masses. Thanks girl.

[@ec9833]

Problem is…the rules keep changing in the middle of the “game”. Today it’s work several jobs from age 17 on and IF you even have a foot up at that age like, staying at home, you can’t make any mistakes, nothing significant & costly can occur and, if you can do that before the rules change, again, you might be able to own a home. And of course, you’ll have to keep up, afterward, no major “mistakes” or costly situations can come in and blow your house of CARDS over or…you can lose it all. Shit…property taxes, right now, alone…my gawd. But do not be naive! The rules will change, you will face reality and shit will happen and this is CAPITALISM and it requires the have nots be a good majority of ppl putting in their hours. And at this point…what’re the new rules going to be, if this shit doesn’t stop? Do we lower the legal working age…again? I promise…humans are not lazy. There’s a lot of shit that goes into this and plenty of “Nicole’s” that have worked just as hard and even harder and they don’t own a home or one of innumerable variations of ending up having not, instead of what is due them and honestly, due every human. Seriously…this shit has been studied deeply…the more that ppl bust their asses and they will continue to…the more the rules get stacked against them. Capitalism does not work any other way. So…at least…let’s stop blaming the average person because the average person works plenty hard to have earned their basic needs to be met.

[@RobertR3750]

I started saving as soon as I started my job after college. When I bought my house, I POURED money into paying it off as fast as possible. I HATE being in debt. Now I own my house free and clear.

[@stephenh.4476]

What if you lose your job?

[@RobertR3750]

@@stephenh.4476 How would not saving and having more debt make you better off if you lose your job?

[@stephenh.4476]

@@RobertR3750 It means if you lost your job you might lose your house as well.

[@RobertR3750]

@@stephenh.4476 And? That's not a reason not to buy a house.

[@stephenh.4476]

@@RobertR3750 Buying a house that you can afford means buying a house you can afford even if you lose your job. Most people buy too much house or assume that they'll always have 2 incomes, a study job, etc. Take a look at 2008 in the US housing crash.

[@teeconsigliano7631]

In US there's free homebuyer education and many down payment assistance grants that many people don't take advantage of.

[@mccolk]

You are so freaking hilarious! Your expression with the pickle jar google search and the "But hey...at least we know the mitochondria is the powerhouse of the cell.." *mic drop*

[@AccordingtoNicole]

😅

[@JIm-w1b]

Buying a house, is only the half of it. You still pay rent, even if you own the house and it's fully paid off, and that rent goes up all the time. In 2009, I bought my 3 bedroom house for $132K and the rent was about $350 a month. The house is now worth about $380K and my insurance, utilities and taxes work out to about $1000 a month, over half of my monthly social security. In another 5 years, I won't be able to afford to live here anymore. I'm being forced out of my own paid off house.

[@saagisharon8595]

Makes sense that corporations lobby to abolish the teaching of financial literacy in the national curriculum

[@mattw8332]

Totally agree about teaching finances at school. This could easily be combined with mathematics classes. Compound interest, how much a house will cost after 25 years of x mortgage payments, how much a car loan will eventually cost. Schools should also teach cooking (they already do mostly), basic plumbing and electrics. All useful skills that evaded me in the 1990s. Although I could have done cooking or food technology / home economics as they called it in the English school system.

[@hifinsword]

My family was poor but we were never hungry. I was raised to stay out of debt. I didn't have to learn how to not spend money I didn't have. It came naturally. I live below my means and always have. That's what it takes to succeed financially!

[@gregoryspeers3992]

Sounds like you will live a paupers life of struggles & one day when your old, pass on sleeping on a mattress of money that did nothing for you.

[@jboughtin7522]

My parents were frugal with money. They also didn't give us kids much. it was necessities mostly. We were encouraged if we wanted something to get a job and save money and then go buy it. I believe this cultivated an sense of independence and self-reliance. I did at a point read a bunch of books on investing. It was a useful thing to do. Prior to that I felt kind of vulnerable and ignorant when it can to things like investing. I would recommend doing that to anyone. It's worth the time and trouble.

[@cristinapatino8726]

You are so bright and wise. Nobody taught me how to handle money. Because of that I am paying a lot for credit cards and loans. Importance of saving it did not hit me until after 40’s so kudos to you.

[@mr.dan7144]

Preach, preach, preach. So true Nicole. 👏

[@rosalindbarnett257]

I was always taught to save. I was 18 when I left home and honestly knew nothing about credit cards! It was a good thing. I worked a lot. After marrying we have invested in real estate and it’s been the only thing I’ve known that has worked financially. I’m grateful for being taught to save and invest. Wish it was all taught in high school!

[@heron6462]

Great talk, Nicole. I completely agree with everything you say. I did the same thing. I worked all hours in my 20s and 30s, saved, never borrowed, and kept outgoings to a bare minimum. Even with a dependent wife and two children I reached escape velocity at 36 and bought a small farm cash down. Never regretted a moment of it. Financing, mortgages, and loans are a complete scam. 100% debt-free is the way go.

[@nancimiller6850]

I'm Gen Z and my parents lived check to check. I was never taught about finances or even how to balance a checkbook! My entire 20"s were spent paying on average $500 per year in NSF fees. I am turning 50 soon and I am still renting. I have been dreaming of homeownership for nearly 30 years and have yet to achieve it. I was however able to have my son live at home for almost an extra decade, without paying any bills, so that he had a sturdy financial foundation to start life out with. I really like your videos and became a new Subscriber over the weekend. I am hoping to continue to educate myself so that I am not in the same position in another 10 years. Thank you for what you do, it gives me hope that maybe one day I can make such sound financial decisions.

[@paul_domici]

I bought my 1st house in 94 and it costs 110G I put 10G down and paid it off in 8 years! It seems impossible for young people today but I think if you really apply yourself you can do it! Great Video Nicole!

[@apolloniusbeitsman5444]

Lol buying a home in the 90s was cheap af

[@paul_domici]

@@apolloniusbeitsman5444 Your gonna say the same thing 30 yrs from now : )

[@noneofyourbusiness3553]

@@apolloniusbeitsman5444 It didn't look that way in the 80's 90's 00's or 10's... The 20's don't appear to be shaping up any different.

[@gregoryspeers3992]

Seriously Paull, you wrote that with a straight face? So now in 2023 your $110k home is a 1.1 million. So to buy it someone needs at least 110k down & a massive mortgage each month. Unlike 8 years it will take decades to pay off & they will have to work 16 hours a day. Tell us how easy it is now compared to then?

[@paul_domici]

Stop making excuses and start focusing on your goals! If Nicole can do it alone so can you! You don't have to buy a 1million dollar home! Start small like everyone else! @@gregoryspeers3992

[@grannyprepper1181]

I was born in 1952 and raised in the 60’s! Talking about finances wasn’t done back then. I never heard my parents discuss money, now with each other or anyone else. Today it’s common to talk finance’s with family and friends or on the internet.

[@caroleades6918]

i agree i grew up poor . my dad worked hard and my mom just spent every dime. i'm not like them i'm 48 no debt own 4 houses and paid cash for a new truck. My son is 14 and he worked and saved more money than most adults have

[@Maddie-rv6sp]

i watch ur videos everyday nicole, you're teaching me so much and motivating me to be more like u!!!

[@gunnysloan4103]

I also wasn't taught anything about money growing up. We were solidly middle class, comfortable, but no luxuries. As a result, I too have a scarcity mindset. One thing I did learn from my dad was about VA home loan financing. I knew that after serving in the military you could buy a house with no down payment. That's how I bought my home. No down payment VA loan. The option is still available.

[@kellychuba]

I lost my kidneys for that loan.

[@SVAdAstra]

Well said, Nicole! Except the part about the pickle jar. Weird... I grew up in a household the same as yours. Paycheck to paycheck. But except for the mortgage, my parents avoided credit like the plague. I was never taught a damn thing about finances in school, not even what a tax form was. And I believe for the same reasons you cite. Keep the poor folks poor. When my son was in his teens, I gifted him a little stock. When he asked when he should sell it, I said: "Do your own research. Let me show you how." 25 years later, he gives me stock advice. Your plain spoken wisdom is of great value. Please keep it up!

[@missingpiece2071]

Our educational system is more worried about how athletic you are or how well you can take the SAT than they are about how ready you are to function in the real world

[@Valmontst]

What an outstanding video!! This video should be required viewing for every high school senior!! You hit the head on so many points, but especially the one about how many young people today believe they will never be able to afford to their own a house. They figure that just as long as they make enough money, each month, to pay their basic bills, they might as well use any remaining money to enjoy themselves and have fun. With that mentality, they will never earn and save enough money to buy a home.

[@bettybotterbutter]

Brilliant. Bravo to you, you've figured out the matrix. Enjoy the spoils and thank you so much for sharing your insights which are dead on. I'm a woman in her 60s and really admire your story and your wisdom.

[@lorichovan1121]

Nicole, you are so right! I'm over 60 and I agree with EVERYTHING that you are saying on KZbin. When I was in my late teens and early 20s I heard the same negative, snide comments from older people that teenagers and young adults are "lazy, selfish, spoiled," etc. I truly believe that the life of young adults have it MUCH harder today than my peers, baby boomers. Covid was most disruptive for people 16 -35 years old. Loss of income, loss of social life, worried about what to do about daycare for kids, not having health insurance, earning a college degree was delayed, and many more worries. My parents never talked to me about money or budgeting. No help from school either. Money issues should be taught in school, beginning with 9th grade. Thanks for the content of your videos. Even though you are younger, I find you inspiring. I'm going to read that book you suggested by Mark Manson.

[@stephanie1210]

I’m 28 and ever since I was 17 I given my mom rent I give them 1,100 never can save they never let me save always was told I was lazy yet they always wanted more more money I could never move out y? Because I can’t save enough to get out finally I put my foot down they gave me 3 months to get I have nothing saved. So wish me luck.

[@ramonagray8411]

I was taught nothing about money. I lived in great scarcity as my father was a gambler. I’m much older than you and have just gotten it into my head that I don’t have to treat myself when I get paid. I was fortunate enough to get a small inheritance which made me rethink blowing that. I will be a home owner in the next few months. Thanks Nicole

[@duanethompson8770]

I was raised in a lower middle class family in the state of Washington. My dad taught me to buy with cash the best of what you could afford. Credit cards were not to be used except for vacations and then they would be paid off as soon as possible. He never financed anything he didn’t need to. Even then, put down as big a down payment as possible. He never purchased any extended warranty. He also encouraged me to get as short as possible mortgage on my house. I completely agree that financial matters should be taught at every high school.

[@sam-i-amoutwest507]

Pickle jar too funny! I love your insight and comedy spin. Keep on being you! 👍😆✌️

[@SgtJoeSmith]

when i was 25 i ordered a custom built F550 crew cab from ford. I had 4 other trucks already, but traded oldest in on 550. I bought 4 more trucks within 2 years. I already had a house on an acre in millionaire neighborhood. i now have 18 cars and trucks. I dropped out in 9th grade and mowed yards.

[@rickschlosser6793]

I was a #1, she was a #2 and had a lot more life experience than I did. I could earn money, she taught me how to (not?) spend it. We both only had high school education. I took accounting so I was alway interested about money, but this was long before the internet. Financial stuff was the business section of the big city newspapers. Bought our house at 27. Had it paid off by 37. Then I leveraged no mortgage to go back to school to take a trade. Worked my butt off, saved and invested (no advisor, self directed) all the money I wasn’t paying in rent or mortgage and then retired at 57. The weather in Mexico is really nice in the winter… Good stuff Nicole.

[@LennyTheCat-9lives]

Wasn't really taught anything about money except that growing up we didn't have much. It should be a required class while in school, through to K12. I may or may not have applied what was taught, but at least if it would have been available there's the chance something would have stuck! Never too late to learn I have found, and I am on a much better financial journey then I was before. I applaud you Nicole for discussing these topics and giving insight, advice and hope!

[@JulianaGockos]

from those 2 cenarios i became a money saver as a child... started working early and, while my friends and coworkers were traveling the world at their 20s i was saving up and bought my 1st apartment... it's not easy to not do what people around us are doing.. it's a sacrifice, but i personally think it was worthy... love from Brazil 🇧🇷

[@Joe-yc4fs]

Great video. I think there are a lot of people that may not understand the importance of making enough money. If your not making enough money to save money you are screwing yourself. If your income doesn't allow you to save something reasonable like at least $1,500 a month you need to make more money. Sometimes budgeting and living thrifty alone won't cut it. I think people also need to understand that as soon as they buy a house, they instantly go into 3 to 4 hundred thousand dollars of debt or even more! Debt is debt. House, car, or education debt has interest that must be paid just like a credit card. Financing should be avoided. And yes, the goal of the system is to get us all buried in debt before we realize what is happening. This is why schools don't teach this.

[@paulo5861]

Ditto .That is what happened to me very early in life. I grew up in a children's home from age 5. When I went back to live with my mentally and emotionally challenged parents at age 11 they mostly fought physically over not having enough money. I learned by asking for things that the answer was NO. Was not taught very much other than the answer was NO. That answer started my learning career into self reliance. Today I do not need to ask that question anymore. I love the quickness of your mind. How you are able to articulate your sentences so fast. (as if you are reading a script) My mind is no longer that fast due to an accident and age.

[@AWordofHope]

Great video. I'm 51, grew up in a single parent home where mom worked in a sewing factory at min wage. She didn't know anything about investing, there was never extra money, but like you said we didn't ho hungry or without shelter. Mom never had a credit card, car payment, mortgage. Sometimes we didn't even have a car. It was not easy but she would always tell me not to spend more than I made or go in debt. Guess what , I ended up in a lot of debt, student loans trying to get an education to do better etc ended up having to file bankruptcy 2 years ago. It's frustrating, but I am determined to climb out of this mindset somehow and I try to be better about saving now. My mom had the view of stock market being the same as gambling.

[@AccordingtoNicole]

You got this 💪🏼

[@danceswithcoyotes8273]

My parents said the same thing, don't go into debt. They had one income for the whole family. Paid cash for their house in 1994 (5 bedrooms on 6 acres). Bought every single car with cash. Told me the same thing. Don't go into debt. So I didn't, and I'm 42 years old, living at home again and running my own business. I'm not sure when I'll have enough to get my own place again. Unless I go into debt and never sleep again.

[@d.f.9064]

Rich to me is having money in the bank, knowing I can buy what I want but I don't buy them, denying myself gratification to keep that money in the bank. You realize "rich" is a state of mind. Rich people that buy everything don't stay rich.

[@mrastroboy33]

New Subscriber! I don’t know how I got to you Chanel, I am Glad I did ! I am 64 year younger , I am so happy to see you and enjoy you Wisdom and discipline! We need a lot of humans like you ! Thank you for All That you Do ! 🙏 You are a Jewel on knowledge & wisdom

[@geoffreydarwentartconnexu]

Excellent Nicole. Sharing your video

[@janetstraw191]

Thank you Nicole! I’m sharing this with my granddaughter, who just bought her first house. 👍🙋‍♀️🥰‼️

[@ThisGuyRightHere353]

I have been binge watching your videos. Very good stuff.

[@d.f.9064]

It was the same way for me. I am 60 now. Living in Montana when I was young wages did not support home ownership. Later, this is where the bitterness comes from, all the people that lived in states with industry (California), started moving to Montana and driving up prices as I began to make more, keeping houses out of reach for me. So I went to college believing it would help. It didn't. I now live in South America. I retired from the military so I can now afford a simple house in the US or a perfect house in Ecuador. I recognize my retirement is a benefit of my generation but it is still available, though the percentage of pay is slightly less now. I didn't want to join the military. I wasn't that type of person, but it was the only way I could end up where I am now. It took a lot of perseverance to make it to retirement. I actually left the military three times trying to become a civilian. The last time I was laid off and had to live with my mother again, at 40. Live cheap, save, plan. Watch what successful people do. Make yourself available to opportunities and keep an eye on the far future. It's not that far.

[@mr.kilpatrick2991]

Thanks for your service and yes Kalispell and Whitefish went off the rail in the last 20 years as far as affordablity

[@gregoryspeers3992]

My mother was born during the Great Depression and to this day she lives in fear of being poor. No matter how much money she had or how much something was on sale she thought it was too expensive and worried about being poor. The part I am most concerned economically our society is built on people spending money. If you don't buy that $7 latte, those nice new shoes or that big screen then there will be economic issues. This is why when I read everywhere that we must curb our spending & become frugal I cringe at how many businesses will go under and how many people will be pushed further into poverty. My mother is now old and did not travel the world, she never owned a nice house or a fancy car. She was too afraid to spend money & now her life is a memory of not doing a whole lot other than being worried.

[@Arlene_witha_y]

“Costco sized pickle jar”😂😂😂😂

[@hbomb168]

You are so right about teaching personal finance in high school. Too many people, me included, had to learn this the hard way, through my 20s. I'm doing alright now in my late 30s, but I could be 10 years ahead.

[@mr.kilpatrick2991]

yep...its criminal that it isn't mandatory for all graduating seniors. Wonder why some many young people are drowning in debt?

[@DavidJames-g5f]

Same. I had 65k in cash after I flipped a home in my 20s. Lol, I had no idea about investing, etc. If I did I would be very well off.

[@Thunder_Dome45]

My family taught me that adults could be completely out of cash. I didn't think that was possible. Too bad they didn't crush my dreams before I attempted college.

[@mariannasenior577]

Thank you, spot on. I started at 17years and now I owe 3 property paid for. Education is very important 👏

[@egyphon]

Another great video. I downloaded the expenses app you suggested, and I wrote "death by a 1000 cuts" on my desk. It's been very helpful, thank you. Hopefully the effect lasts longer than a few days. I really need to stop wasting money on Amazon and UberEats. Spent 120 bucks at the vet this morning, that's a worthier expense.

[@corilevinson5704]

Wow, another great video! My parents always emphasized saving money, but money was always tight. My mother always wanted to move to a new town, new house, so we could never get ahead.

[@mahkuntizitchy2083]

OMG! That pickle jar thing sent me into a tear-soaked laughing fit! I subbed, and now binge-watching ALL your shows!👍✌

[@bluelightguy1]

You are 100% spot on about the public education system

[@irbc]

I'm a Boomer, raised in a traditional household by parents from the Silent Generation, aptly named, as they taught me very little about money, other than don't buy stuff on credit. I raised two Millennials a little differently, making sure that any question they had was answered with as much fact as possible, including money matters. They both have gone the minimalistic route, the less is more philosophy, building a tiny house and coverting a skoolie, making memories rather than accumulating stuff, etc. Now I feel like I learn more from them than they learned from me. Their outlooks on life make my 20's and 30's seem downright pollyannish! I don't know how I found your content, but I am really enjoying it. Thanks for putting it out there.

[@kay203]

Definitely agreee. I acknowledge that it's harder than ever to buy a house, but if you give up, then you never will. If you try, there's still a way. I did similar things as her (a little bit less extreme scale) and was finally able to buy a house in NY suburb couple of years ago as early 30 millennial. Most of my friends who were in similar or better situation do not have a house, mainly because they spent so much

[@PsiologaLilyValentina]

Well said! And well done! Standing ovation for you 👏👏👏

[@shlf2615]

The Costco jar cracked me up!! I wish someone had taught me about money when I was young. Keep up the good work!! I enjoy your content and I like your attitude.

[@DeyvsonMoutinhoCaliman]

I bought a house at 39 years old, and for that I saved money for 10 years in my parents house. It's not easy, but it's doable. Also a big advantage of working a low income job, is that you can always find a new low income job anywhere. I could find a nice house for $ 130,000.00 because I was willing to move to a rural area somewhat far away that sold a house like this, and there I found a similar job and kept going. With the house came almost an acre of land as well, and I'm planting things and figuring out how to sell it.

[@KieransUpcyclingJourney]

I knew I wanted to be home owner but I was a graduate in my first full time job. I started flipping furniture which allowed me to take £10 and turn it into £120 and little by little I saved enough and grew my money enough to be able to buy the house. And now I've renovated it and we are debt free just by flipping things in the evenings.

[@rmmccarthy1240]

Thanks for a great post. Please post the Costco link in the description.

[@vegansydmost1345]

Thank heaven for KZbin and you!

[@tommytomhan]

I forgot to say, great video. Your mom did teach you a lot with a few words, and you were very smart to take those words to heart.

[@thedescriber3730]

This is an amazing video. I think this is the type of education schools should be distributing to new generations.

[@vinylwood]

Well done vid and yes there needs to be financial education in schools, especially high schools. I was raised by very frugal and anti debt parents. My father was in finance and taught my bro and I that first you MUST SAVE, second was MAKE YOUR MONEY MAKE MONEY. I purchased my first property in Vancouver back in 88’. A ground floor bachelor (no bedroom) tiny apartment and had lawn furniture to sit on, boxes for a 20inch tv stand and a mattress on the floor. Purchased with 18k down at a price of $67,000 😮. Sold my car a yr earlier, saved, begged and borrowed but made it work. Rode a bike everyday to work or in bad weather took bus. I know no one nowadays that would make those sacrifices, perhaps not even my kids lol. Great advice with hard choices. Too bad ppl today want it all immediately with out hard choices.

[@mangonat1]

Nicole you are so wise it's unreal. I love your videos and your humour. The Costco size jar up the a#@ had me laughing so hard in a public setting 😂😂😂🤣

[@dianaray1470]

My Monday morning Nicole fix. Yaaay!

[@ClaudiaDay-n8k]

My parents kept their finances separate and secret. Always lied about what they paid for things. My dad only ever spent "$20" for anything and all my mother's purchases were "$10". They divided the bills (including holidays) and each paid for their portion. We were poor but we lived in a neighbourhood where all were low-middle class and so it was not really obvious how poor we were. I learned a lot from my husband who was taught to save and not make debt. I enjoy your videos and think you are an amazing young woman. You will do well. Keep up the good work!

[@eheheh3263]

Today I came across this channel. I like what I hear. Subscribed ✔️

[@sterlingstacker295]

My parents were in a continuous spite war over spending and who got to. It continued all the way up to their divorce 34 years later.

[@schuylergeery-zink1923]

Millennials here - we bought our first house last year. We got it for asking price at $185k - it’s 30 mins outside of the city where we commute in a small town of 1,000. It’s peaceful out here and we have almost half an acre for our dog to frolic. The mortgage is cheaper than our rent was! We had a 2013 Tesla and downsized for a 2006 Prius as a commuter car to save on transportation cost. We’re happy to be more frugal and have more freedom even if it’s not what other people are willing to do. Being creative and sacrificing some things for what is worth more? Land to garden on and have chickens? Less stress? These we value.

[@DavidJames-g5f]

Thats because you choose to act, instead of most of social media that just cries and makes excuses. Bravo.

[@tranger4579]

I freaks me out that Nichole has the exact same ideology that i do to the point. I never would have thought there was others like me out there. Im 49 years old own my home and have zero debt.