Simpler solution if you get paid weekly use 2 paychecks for bills and the other two to save/stack/invest. If you get paid biweekly use 1 paycheck for bills and the other to save/stack/invest. Easier said than done but If you can’t afford it don’t buy it. That goes for renting too. If you can barely afford rent tough shit better start a 2nd job immediately or learn a new skill to get paid more
Heyyy I'm from Italy. I just have a question for my US friends. Why do you guys use credit cards do much? In Europe is quite normal to use debit cards only, so you pay with your money and that's it (credit cards in Europe also don't have benefits at all).. doesn't it make more sense?
This guy has me sucked into watching 3 videos already with his clever way of making step 5 seem like you have to watch the next video. It’s genius, and effective😂.
Renting is a scam, my grandparents rented a house for theire entire life, with the money they spend on rent in total over all those years they could have easily paid of a loan to buy it twice. If you buy a house with a loan from the bank you could always just sell the house and pay of the rest of the loan with that money and get back what you allready paid. If you rent a house and stop renting it you are left with nothing and all the money you used to pay rent is gone for ever.
Credit score is such an American thingy. In the US you have to go into debt to get better loan rates while in Europe you'll get better loans if you don't have debt or credit to reimburse. Discombobulating. I'll never understand how having thousands of debts makes you a reliable person / customer. The US system milks you guys so hard I can't even fathom.
Oh god, he said "stock market." The most sophisticated ponzi scheme ever. True wealth is lawful constitutional money such as gold and silver coin, period. He never mentioned anything about that.
I'm 29 and feel so behind on as my fiance and I are planning a wedding so things are tight and are carrying balances currently. After the wedding on October we will be going all in to clear up the debt
Imagine actually doing all of these in your mid 20s all on your own and actually having a 700 fico to one day put your name on a car for your past fiance. 😢 I honestly wish more car companies had release forms because whether you do better on your credit or not it’s still determined by the one bad choice you made unless or until you can get them off.
I’m still fairly new to investing. For the passively managed index funds, is it good to have both FXIAX and VOO under my roth ira? Or is just 1 of them good?
At 26 I am so grateful to be learning this at my age while I’m still living at home. I feel a lil weird that I don’t have certain adult financial things yet like my own credit card. But I’m not letting my financial shame or guilt stop me from learning, growing, stretching and strategies
Excellent overview of foundational financial strategies for young adults! Emphasizing the balance between saving and spending is crucial, and I'd also recommend periodically revisiting your life blueprint to adapt to life's inevitable changes and ensure it still aligns with your goals. 👌
I love the idea of the life blueprint coupled with knowing your halfway point! Knowing what you want is soooo valuable to every aspect of your life. It's part of why I decided to not be scared and move to live in China now instead of waiting for the right time
I kid you not, yesterday I was trying to figure out how I could plan my life so that I’d know how to allocate my money before I get my first paycheck. Your video got recommended at the perfect moment and it was very insightful. My initial plan is to build up my emergency fund all the while saving up for a separate “health fund” which I plan to use once I avail of an HMO. I’ve been tracking my expenses since I was in college and been keeping up with it up to this day. Thank you so much for this well-edited and educational video! More power to you 🙂
In a way, I hate the fact that in Finland money comes before life and the general rule of thumb is that you shouldn't live until you have enough money because it costs and therefore you should start planning life's blueprints only when you have enough money to be the foundation of your life. Because of this, if you are low-income, poor or unemployed in Finland, you realize quickly that you only just exist, you are alone and you are miserable because you are not living and because society is built in such a way that it won't allow you to live until you have enough money for your life including social life and friends.
49 comments
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Well dang it, I only came across this now and I am turning 30 in 2 months 😩
your videos are addicting
yall are making 6,000 a month?
33 and still learning here.
Simpler solution if you get paid weekly use 2 paychecks for bills and the other two to save/stack/invest. If you get paid biweekly use 1 paycheck for bills and the other to save/stack/invest. Easier said than done but If you can’t afford it don’t buy it. That goes for renting too. If you can barely afford rent tough shit better start a 2nd job immediately or learn a new skill to get paid more
I’m 29. So I may be late on this one.
Let's go Vincent Chan! Love the content style and you seem really genuine trying to help others get more out of this crazy life.
Heyyy I'm from Italy. I just have a question for my US friends. Why do you guys use credit cards do much? In Europe is quite normal to use debit cards only, so you pay with your money and that's it (credit cards in Europe also don't have benefits at all).. doesn't it make more sense?
OMG! Can’t believe you got bitten by a stray dog in Myanmar (that’s my home!) Thank you for all the quality advice 🙏🏻
Anyway to do like some one on one talk with you or anything
I'm clearly not your target demographic I don't think.
You should never ride camels or any other animals for that matter
This guy has me sucked into watching 3 videos already with his clever way of making step 5 seem like you have to watch the next video. It’s genius, and effective😂.
Renting is a scam, my grandparents rented a house for theire entire life, with the money they spend on rent in total over all those years they could have easily paid of a loan to buy it twice.
If you buy a house with a loan from the bank you could always just sell the house and pay of the rest of the loan with that money and get back what you allready paid.
If you rent a house and stop renting it you are left with nothing and all the money you used to pay rent is gone for ever.
6k a month ?? JEEZ LOUISE. I wish
I made 10k last month. From UK. Big man ting
My credit score is at 757 at 23 years old lol so close to that 759 score
❤
Credit score is such an American thingy. In the US you have to go into debt to get better loan rates while in Europe you'll get better loans if you don't have debt or credit to reimburse. Discombobulating. I'll never understand how having thousands of debts makes you a reliable person / customer. The US system milks you guys so hard I can't even fathom.
Oh god, he said "stock market." The most sophisticated ponzi scheme ever. True wealth is lawful constitutional money such as gold and silver coin, period. He never mentioned anything about that.
I'm 29 and feel so behind on as my fiance and I are planning a wedding so things are tight and are carrying balances currently. After the wedding on October we will be going all in to clear up the debt
Imagine actually doing all of these in your mid 20s all on your own and actually having a 700 fico to one day put your name on a car for your past fiance. 😢 I honestly wish more car companies had release forms because whether you do better on your credit or not it’s still determined by the one bad choice you made unless or until you can get them off.
There is no evidence that Einstein actually said that quote. It's most likely misatributed. 9:38
Me watching this video on my 31 😢
I believe the chess story is actually Indian.
The moment he says “if you make 6k a month”… just as I started to feel I’m getting somewhere here. 💀
Last 1 min of this video >>>>>
NOOOOO. I turned 30 a few weeks ago
Subscribed 👍
I’m still fairly new to investing. For the passively managed index funds, is it good to have both FXIAX and VOO under my roth ira? Or is just 1 of them good?
Like this comment if your in your 20’s and still living with mom or dad because the cost of living is asanine. 😭
Youre not alone!!!
Who the fuck makes 6000 a month and how do I do it
I’m 37. What advice would you give to someone just starting their savings journey?
Wait, you visited Myanmar 🥹
At 26 I am so grateful to be learning this at my age while I’m still living at home. I feel a lil weird that I don’t have certain adult financial things yet like my own credit card. But I’m not letting my financial shame or guilt stop me from learning, growing, stretching and strategies
Excellent overview of foundational financial strategies for young adults! Emphasizing the balance between saving and spending is crucial, and I'd also recommend periodically revisiting your life blueprint to adapt to life's inevitable changes and ensure it still aligns with your goals. 👌
not the spiderman wallet :((((
I love the idea of the life blueprint coupled with knowing your halfway point! Knowing what you want is soooo valuable to every aspect of your life. It's part of why I decided to not be scared and move to live in China now instead of waiting for the right time
Me watching at 33 =D
So y'all make 6K a month in your early 20s? 🫠
the blueprint idea is so good! i never think about it that way ngl. i just try and save save save lol
It is the people too and enjoying work without slacking.
4 years 😂
This is such an amazing video!!
I used the money muscle strategy Basically my physical muscles aren't great, so I knew I had to make money my muscle. It worked. I'm okay :).
I kid you not, yesterday I was trying to figure out how I could plan my life so that I’d know how to allocate my money before I get my first paycheck. Your video got recommended at the perfect moment and it was very insightful. My initial plan is to build up my emergency fund all the while saving up for a separate “health fund” which I plan to use once I avail of an HMO. I’ve been tracking my expenses since I was in college and been keeping up with it up to this day. Thank you so much for this well-edited and educational video! More power to you 🙂
In a way, I hate the fact that in Finland money comes before life and the general rule of thumb is that you shouldn't live until you have enough money because it costs and therefore you should start planning life's blueprints only when you have enough money to be the foundation of your life. Because of this, if you are low-income, poor or unemployed in Finland, you realize quickly that you only just exist, you are alone and you are miserable because you are not living and because society is built in such a way that it won't allow you to live until you have enough money for your life including social life and friends.
I think its shady for checking your credit score to hurt your credit, that doesn't make sense.