A few years back, I was always in the very frustrating place where bills would constantly pile up and yet I had no money to pay …
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A few years back, I was always in the very frustrating place where bills would constantly pile up and yet I had no money to pay …
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You can make cash back on certain credit cards, so I wouldn't say write them off completely. If you treat them like a debit card and pay them off completely after every purchase, you'll earn free money.
If you choose to avoid spending on credit cards, you may be making it harder on yourself to get a mortgage or take out an emergency loan in the future. By paying things off immediately, you build a positive credit history, which impoves your score.
Just be smart and don't spend what you don't have. Check your bank account before spending on your credit card and you'll be fine.
This is very informative. Newcomers must remember that financial markets are highly irrational short-term, so be prepared for the unexpected. Given the market risks, I prefer long-term investments.
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Invest judiciously, keep a stop loss figure. Shuffle between debt and equity wherever the ratio goes too off your target. As for the target, I recommend a Ratio like this Debt % should be equal to your age in years. If you are 20, debt is 20%, reset in equity. If the market falls or rises drastically, your debt % will change, which you should rebalance to 20% and bring back equity to 80%. Thus you would have bought low or booked profit depending on if it was a crash or a bull run.
Budget is a great tool
I consider the 1% rule kind of extravagant. My rule is usually $100
It's quite shocking how few people know about the forbidden book: Making money your reality
Thank you for your valuable advices. Worth watching
Making money is not the same as keeping it there is a reason why investments aren't well taught in schools, the examples you gave are well stationed, the market crisis gave me my first millions, people shy away from hard times, I embrace them.. well at least my advisor does lol.
Great Video!
can someone break down what he means by continue to spend quickly
great video
In 2024, Don't set new year financial goals without consulting a financial adviser. Their expertise ensures a solid plan for success. Building wealth involves developing good habits like regularly putting money away in intervals for solid investments
In 2024,don't set new year financial goals without consulting a financial adviser.there expertise ensure a solid plan for success.Building wealth involves developing good habits like regular putting money away in intervals for solid investments.
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Excellent advice here! It's astonishing how monitoring expenditures and devising a budget can fundamentally alter our financial strategy. Immense gratitude for the practical wisdom imparted in this video
Successful people don't become that way overnight. What most people see as a glance of wealth, a great career, and purpose is the result of hard work and hustle over time. I pray that anyone who is reading this will be successful in life,.,.,
If you wanna be successful, you most take responsibility for your emotions, not place the blame on others. In addition to make you feel more guilty about your faults, pointing the finger at others will only serve to increase your sense of personal accountability. There's always a risk in every investment, yet people still invest and succeed. You must look outward if you wanna be successful in life.
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Everyone reading this, keep on grinding, it is not easy because if it was everyone will have been doing it. It will be hard but keep on you will achieve your goals soon.
Your channel feels like a virtual hug from a friend. Thank you for creating such a warm and welcoming space! 🤗
great inspirational video
This is quite educational. It's crucial for newcomers to keep in mind that the financial markets are highly irrational in the short run. You should constantly be ready for the unexpected. That is how chance operates. Because of the inherent risks in the market, I always favor long-term investments.
Great video! Some key points were highlighted that I hadn't heard anyone else discuss. Thank you!
Successful people don't become that way overnight. What most people see as a glance of wealth, a great career, and purpose is the result of hard work and hustle over time. I pray that anyone who is reading this will be successful in life,.,.,
The depth and wisdom of this content are striking. A book I encountered with related ideas reshaped my worldview. "Mastering Money Mindfulness" by Benjamin Hawk
I pay me first. Forget everyone else. They can go fist themselves.
The thumbnail is never explained. The 10 tips are the way to make solid inroads into your financial stress, but not to success.
In the repaying your debts part it is aching for a description on a technique called the debt snowball. It is also somewhere around here that you should try to increase your income to more quickly payoff your debts, either side hustle or new job.
The step about saving up for big purchases is really solid advice as the cheapest loan you can ever have is the one you give to yourself, but is shouldn’t be in the 10, swap in instead creating an emergency fund of 3 – 6 mths of expenses in a separate high interest savings account.
After doing the 10 steps, follow up with step 11 – save for big purchases that you really need, then step 12 make contributions to your 401k and IRA, and then step 13 invest your money so that it can work for you (one of the steps is to read books on financial health – this is where you start putting this knowledge to use. Or at the very least, kick off an S&P500 ETF in one of those micro investing apps), in fact, I would probably even shift step 11 out to the last one after setting up something for your retirement.
I’m no financial planner, so feel free to ignore my suggestions, but if financial success equals being debt free, with some accessible savings and with at least a cushion to see you through later life, then the 10steps as given wont get you there.
As an investing enthusiast, I often wonder how top level investors are able to become millionaires off investing. . I’ve been sitting on over $545K equity from a home sale and I’m not sure where to go from here, is it a good time to buy into stocks or do I wait for another opportunity?.
I now grasp the concept of leverage. Creating wealth and financial freedom isn't as tough as many people believe. Building wealth and remaining financially stable indefinitely is a lot easier with the appropriate information. Participating in financial programs and products is the only true approach to make a high income and remain affluent indefinitely.