- Видео 15
- Просмотров 12 684
Sophia Fong
Добавлен 31 янв 2024
This is the channel I wish I could have subscribed to when I received my very first paycheck. I create videos to share my successes, failures, and lessons learned on my journey in managing personal finances, and to support others who are interested in budgeting, wealth building, and investments. If this interests you, please subscribe to my channel to learn more!
How To Fix A Bad Credit Score Fast
Here is how to improve your credit score in a few simple steps!
Timestamps:
0:00 Intro
0:32 Step 1 - run your free credit reports
1:06 Step 2 - Look for errors
2:19 Step 3 - find credit utilization ratio
3:37 Step 4 - find derogatory marks
5:34 Step 5 - remove negative items from report
Disclaimer:
This content is for educational and entertainment purposes only. Information on this channel is not a substitute for professional financial services.
Timestamps:
0:00 Intro
0:32 Step 1 - run your free credit reports
1:06 Step 2 - Look for errors
2:19 Step 3 - find credit utilization ratio
3:37 Step 4 - find derogatory marks
5:34 Step 5 - remove negative items from report
Disclaimer:
This content is for educational and entertainment purposes only. Information on this channel is not a substitute for professional financial services.
Просмотров: 13
Видео
9 Beginner Investing Mistakes To Avoid
Просмотров 65814 дней назад
Here are 9 lessons I learned from my own mistakes, and how you can avoid them. Timestamps: 0:00 Intro 2:22 Never getting started 2:37 Choosing the wrong kind of investment account 3:38 Following the crowd 5:03 Putting too many eggs in one basket 5:51 Paying too much in commission 7:40 Timing the market 10:14 Emotional investing 11:41 Trading too frequently 12:41 Investing before you are ready D...
Being Poor Is More Expensive
Просмотров 22028 дней назад
There are many reasons for the high costs of poverty. This video talks about the many hidden costs and financial traps that the poor deal with in everyday life. Emergency Loans for Bad Credit www.investopedia.com/emergency-loans-for-bad-credit-5075539 Timestamps: 0:00 Intro 0:58 Housing 2:37 Food 4:19 Goods 5:41 Banking 9:35 Payday Loans 10:33 Rent to Own Disclaimer: This content is for educati...
Are You In The Upper, Middle, Or Lower Class?
Просмотров 1,2 тыс.Месяц назад
Have you been wondering whether you are in the upper, middle, or lower class? In this video, we will discuss each class by both net worth and income. Timestamps: 0:00 Intro 1:09 Net Worth Calculation 1:54 Lower Class 3:34 Middle Class Defined 4:45 Lower Middle Class 5:40 Middle Class 7:10 Upper Middle Class 9:56 Upper Class 10:11 Top 1% 11:47 Global Wealth Distribution Disclaimer: This content ...
Silent Wealth Killer That Keeps You Broke
Просмотров 776Месяц назад
Your choice of car is more important than you probably realize because cars are one of the biggest expense people have. They are silently draining your bank account and rob you of the wealth building opportunities. Timestamps: 0:00 Intro 0:49 Financing Cost: Short vs Long Term 4:22 Depreciation 5:36 Insurance 5:59 Fuel 6:14 Maintenance and Repairs 6:39 Registration and Taxes 7:42 Opportunity Co...
How To Prepare For Upcoming Recession
Просмотров 8282 месяца назад
A recession can be right around the corner. Here are 6 tips that help you prepare for upcoming financial uncertainties. Budget And Save: ruclips.net/video/4RVqUzjK5Ws/видео.html How To Pay Off Credit Card Debt Fast: ruclips.net/video/xxCG1fNX20I/видео.html Timestamps: 0:00 Intro 1:45 Tip #1 - Don’t Panic 2:34 Tip #2 - Take Stock Of Finances 3:24 Tip #3 - Build Up Emergency Fund 4:37 Tip #4 - Pa...
9 Money Habits Keeping You Poor
Просмотров 2405 месяцев назад
Transform your finances and reach your money goals! Here are the 9 money habits that are holding you back and some simple ways to fix them. Timestamps: 0:00 Intro 0:22 Habit 1 - Accumulating Bad Debt 1:55 Habit 2 - Not Saving For Emergencies 2:22 Habit 3 - Paying Yourself Last 4:03 Habit 4 - Lifestyle Creep 5:25 Habit 5 - Keeping Up With The Joneses 6:25 Habit 6 - Cheap In The Wrong Places 7:50...
How to Pay Off Credit Card Debt Fast (6 Strategies)
Просмотров 1075 месяцев назад
Here is how you can pay off credit card debts quickly. This is the best way to be organized and create a plan to tackle the debt. Vertex 24 Avalanche vs Snowball Calculator: www.vertex42.com/Calculators/debt-reduction-calculator.html Timestamps: 0:00 Intro 1:32 Step 1 - Stop Using Credit Cards 2:40 Step 2 - Understand Your Debt and Income 3:00 Step 3 - Track Spending 4:09 Step 4 - Cut Expenses ...
Optimal Order of Investing Your Money 2024
Просмотров 1395 месяцев назад
This video explains the optimal order to maximize your money. Timestamps: 0:00 Intro 0:49 Step 1 - Emergency Fund 1:38 Step 2 - Employer Matched Retirement Plan 2:29 Step 3 - High Interest Debt 3:44 Step 4 - Roth IRA 4:29 Step 5 - Max Out Tax Advantaged Retirement Plan 5:07 Step 6 - Low Interest Debt 7:36 Step 7 - Mortgage Disclaimer: This content is for educational and entertainment purposes o...
How to Invest for Beginners (Step by Step)
Просмотров 1445 месяцев назад
Investing does not have to be as daunting as it sounds. This video provides a beginner strategy and a step by step guide on how to do it with Charles Schwab Retirement Plans Explained 2024: ruclips.net/video/bfIqifkYxvk/видео.html Timestamps: 0:00 Intro 0:41 Why is investing important 1:49 When to start investing 2:26 Three financial basics investing 4:27 What to invest in 8:28 How to select in...
How Much Money You Should Have By EVERY AGE in 2024 (Money Tips For Every Age)
Просмотров 1,2 тыс.6 месяцев назад
Have you been saving enough money? This video provides an overview of how much you should aim to save at every age and how you can get there. Timestamps: 0:00 Intro 0:43 How to calculate your net worth 1:45 Saving goals for 20s 3:21 Financial tips for 20s 6:36 Saving goals for those less than 35 6:45 Saving goals for 35-44 7:00 Financial tips for 35-44 9:31 Saving goals for 45-54 9:53 Financial...
Budgeting for Beginners (7 Money Saving Tips and Mind Hacks)
Просмотров 776 месяцев назад
This video provides a beginner’s guide on budgeting and mind hacks to help you stick to your budget. Timestamps: 0:00 Intro 0:39 Get clear on your goal for budgeting 1:45 Budgeting method 50/30/20 2:06 Starting point for budgeting 2:23 Needs, wants, and savings 3:48 Analyze your expenses 4:13 Categorize expenses 6:28 Tip#1 - automate savings 6:42 Tip #2 - reframe thinking 7:54 Tip #3 - reframe ...
Retirement Plans Explain 2024 (IRA, Roth IRA, SEP IRA, 401k, 403b, 457b)
Просмотров 997 месяцев назад
This video provides a beginner’s guide on the various retirement plans, including IRA, Roth IRA, SEP IRA, 401(k), 403(b), and 457(b) for 2024. Timestamps: 0:00 Intro 0:50 Individual Retirement Account (IRA) 1:52 Traditional IRA vs Roth IRA 5:20 Which one is right for you? 8:25 Simplified Employee Pension IRA (SEP IRA) 8:50 Employer sponsored accounts 9:15 401(k) 10:09 403(b) 10:26 457(b) Discla...
How to Become a Tax-Free Millionaire with $15 Per Day
Просмотров 927 месяцев назад
This video provides a beginner’s guide on Roth IRA and how to invest the funds in your Roth IRA account, to help you become a tax-free millionaire. Timestamps: 0:00 Intro 1:13 What is Roth IRA 1:45 Contribution limit 2024 3:03 What investments to make 5:17 Invest in individual stocks 6:09 Invest in index funds 7:20 Buying index funds through mutual funds 8:25 Buying index funds through Exchange...
How To Buy Treasury Bills for Beginners (Step by Step)
Просмотров 7 тыс.7 месяцев назад
This video provides a complete guide on what Treasury Bills are and the step by step process to buy them through Charles Schwab. Timestamps: 0:00 Intro 0:37 What are T-Bills 1:21 Reasons to consider T-Bills 2:27 How T-bills are structured 3:45 How to find new issues of T-Bills 5:09 How to find recent auction results 5:53 What is the minimum purchase amount 6:30 How to buy T-bills through Charle...
I thought treasuries pay every 6 months
I like the 2023 Charles Schwab chart and study about NOT timing the market.
Hope you grow your Chanel 💪. I have already live “No new car and invest in SP500” lifestyle
Great video. I enjoyed listening 2 ur perspective
Given the persisting global economic crisis, it's essential for individuals to focus on diversifying their income streams independent of governmental reliance. This involves exploring options such as stocks, gold, silver, and digital currencies. Despite the adversity in the economy, now is an opportune moment to contemplate these investment avenues.
The pathway to substantial returns doesn't solely rely on stocks with significant movements. Instead, it revolves around effectively managing risk relative to reward. By appropriately sizing your positions and capitalizing on your advantage repeatedly, you can progressively work towards achieving your financial goals. This principle applies across various investment approaches, whether it be long-term investing or day trading.
I agree, that's the more reason I prefer my day to day investment decisions being guided by an advisor, seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using my advisor for over 2years+ and I've netted over 2.8million.
I think this is something I should do, but I've been stalling for a long time now. I don't really know which firm to work with; I feel they are all the same but it seems you’ve got it all worked out with the firm you work with so i surely wouldn’t mind a recommendation.
I definitely share your sentiment about these firms. Finding financial advisors like Monica Lisa Payne who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
Monica has the appearance of being a great authority in her profession. I looked her up online and found her website, which I reviewed and went through to learn more about her credentials, academic background, and employment. She has a fiduciary duty to protect my best interests. I sent her an email outlining my objectives and also booked a session with her; thanks for sharing.
I don't believe these numbers. I'm an immigrant self employed carpenter and my net worth is about 1M but I live like a poor guy. Raised four children divorced lost my paid for house in divorce. These numbers don't make sense
Interesting share!
Don’t buy a car lease it never have to worry about buying a bad car and if you really like it you can buy it at a cheaper rate
Used car owner here o/
I have a 4x4 🥲. The cost in insane.
Oh well you are going to be paying fuel, maintenance and insurance on you old beater anyway and you had better hope nothing big goes wrong with ol reliable because replacement engine or transmission or computer or.....could make you wish you had upgraded before that happened.
In the near future, I hope to trade Hong Kong stocks and US stocks in the near future, but friends who do not have Hong Kong cards can look at uSMART and OCBC can directly deposit gold dollars without any fees
Thank you for the video, very useful. Instead of keep the money at saving accounts, keep it in 3 months US treasures can be an alternative?
thank you
The GAINS is prorated at 13 weeks means you got the $643 or would that be less . like aprox. value of the t bill is $162?
Excellent video. Thank you very much!
This is the best choice i had 3 × $10,000 u.s. Treasury bond 30 years of maturity and it is the best because banks can come and goes but countries do not just disappear without a fight
The video was an extremely helpful presentation. I'm sure more a bit more research is needed so I can be confident and fully understand the impact of my choices but this was a great initial lesson for me .Thank You!!
Excellent video. Well done, informative and easy to follow.
Excellent video! What does the average brokerage firm charge to purchase T Bills?
Very well presented.
Thanks for the excellent explanation of t-bills. You are correct about the TreasuryDirect website. I manage my aging parents converted paper savings bonds account and it was very difficult.
Hi can I have your email or social media platform for contact? For a business Purpose.
Loved the Video. Likes the concept of "pay yourself first." I'm going to incorporate that one.
AWESOME OVERVIEW!
P R O M O S M
Thank you for this video and sharing valuable information. Such quality and clarity whilst explaining 🎉genuinely enjoyed watching. All the best with everything
For the algo
Such clear explanations 🙏🏽
Great info 🔥🔥🔥
Great information! More please!
Wow, so informative and straightforward! Thank you for valuable information!