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Nico Fora
Добавлен 21 дек 2022
I'm Nico Fora and I make videos to help you better understand the importance of personal finance and how you can improve it.
I hope you’ll find my videos and experience helpful!
I hope you’ll find my videos and experience helpful!
The ONE Habit That Stops 90% of People From Getting Rich
There is one thing stopping millions of people from becoming rich. And despite that, they continue doing it because they don't know it's a problem. So if you don't want to make the same error, watch this video,
MY FREE RESOURCES:
🏘️House Affordability Calculator: my.causal.app/models/218979
🏠Buy vs Rent in depth Calculator: my.causal.app/models/188225
🧮Intrinsic Value Calculator: docs.google.com/spreadsheets/d/1EuISyGHX1QKKx3kfvppV5-vLzXzPPOrSH9Ez9D0Al5A/copy
All rights to the icons and pictures used in the video are for Flaticon and Freepik.
*None of this is meant to be construed as investment advice, it's for entertainment purposes only.
MY FREE RESOURCES:
🏘️House Affordability Calculator: my.causal.app/models/218979
🏠Buy vs Rent in depth Calculator: my.causal.app/models/188225
🧮Intrinsic Value Calculator: docs.google.com/spreadsheets/d/1EuISyGHX1QKKx3kfvppV5-vLzXzPPOrSH9Ez9D0Al5A/copy
All rights to the icons and pictures used in the video are for Flaticon and Freepik.
*None of this is meant to be construed as investment advice, it's for entertainment purposes only.
Просмотров: 97
Видео
These 4 Books Will Make You Rich in 2025
Просмотров 11014 дней назад
I read over one hundred books about money. And those are the ones that helped me to get financial free. So, if you want to do the same in 2025, read these books! Book #1 a.co/d/2YGMzKp Book #2 a.co/d/aBF9Ct2 Book #3 a.co/d/c9CrVTQ Book #4 a.co/d/bM8gE4U MY FREE RESOURCES: 🏘️House Affordability Calculator: my.causal.app/models/218979 🏠Buy vs Rent in depth Calculator: my.causal.app/models/188225 ...
5 Tiny Changes to Make More Money in 2025
Просмотров 73221 день назад
Becoming rich and financially free with a 9 to 5 job is possible. You just need to know how to do it. And if this is what you want, in this video I'll show you the 5 changes that you can do this year to make more money and finally reach your objectives. MY FREE RESOURCES: 🏘️House Affordability Calculator: my.causal.app/models/218979 🏠Buy vs Rent in depth Calculator: my.causal.app/models/188225 ...
12 Tiny Habits That Made Me Rich in My 20s
Просмотров 990Месяц назад
I became rich in my 20s because I tried to implement in my life all the good habits I could find. And here in this video I'll show you the 12 tiny habits that completely changed my life and made me rich. MY FREE RESOURCES: 🏘️House Affordability Calculator: my.causal.app/models/218979 🏠Buy vs Rent in depth Calculator: my.causal.app/models/188225 🧮Intrinsic Value Calculator: docs.google.com/sprea...
Honest Money Advice for Workers in Their 20s
Просмотров 949Месяц назад
I'm 29 and I've made over $400k with a regular 9-5 job. So here is my honest advice on what you should do during your 20s to grant yourself financial success. MY FREE RESOURCES: 🏘️House Affordability Calculator: my.causal.app/models/218979 🏠Buy vs Rent in depth Calculator: my.causal.app/models/188225 🧮Intrinsic Value Calculator: docs.google.com/spreadsheets/d/1EuISyGHX1QKKx3kfvppV5-vLzXzPPOrSH9...
7 Middle Class Habits Keeping You Poor
Просмотров 511Месяц назад
If you don't eliminate the 7 habits from your life you will definitely struggle to get out of poverty. So, watch this video to discover which these habits are and how to change them. MY FREE RESOURCES: 🏘️House Affordability Calculator: my.causal.app/models/218979 🏠Buy vs Rent in depth Calculator: my.causal.app/models/188225 🧮Intrinsic Value Calculator: docs.google.com/spreadsheets/d/1EuISyGHX1Q...
My 5 Proven Ways to Make More Money (No Side Hustles)
Просмотров 1,5 тыс.Месяц назад
Making more money is easier than you might think. Because if you follow these 5 ways, you'll rapidly start making more money and you won't have to break your back with a side hustle MY FREE RESOURCES: 🏘️House Affordability Calculator: my.causal.app/models/218979 🏠Buy vs Rent in depth Calculator: my.causal.app/models/188225 🧮Intrinsic Value Calculator: docs.google.com/spreadsheets/d/1EuISyGHX1QK...
Earning A Lot Doesn’t Make You Rich, But This Will
Просмотров 87Месяц назад
If you want to get rich, what matters is not your high salary. It is what you do with your money. So use the Profit Engine to make more money and become financially free. MY FREE RESOURCES: 🏘️House Affordability Calculator: my.causal.app/models/218979 🏠Buy vs Rent in depth Calculator: my.causal.app/models/188225 🧮Intrinsic Value Calculator: docs.google.com/spreadsheets/d/1EuISyGHX1QKKx3kfvppV5-...
I Tried Saving $1K in 1 Month - Here’s What Happened
Просмотров 1562 месяца назад
I need to save $1k per month or my dream will not come true. MY FREE RESOURCES: 🏘️House Affordability Calculator: my.causal.app/models/218979 🏠Buy vs Rent in depth Calculator: my.causal.app/models/188225 🧮Intrinsic Value Calculator: docs.google.com/spreadsheets/d/1EuISyGHX1QKKx3kfvppV5-vLzXzPPOrSH9Ez9D0Al5A/copy All rights to the icons and pictures used in the video are for Flaticon and Freepik...
The Simple Routine That Made Me $10K in 1 Year
Просмотров 5502 месяца назад
If you want to have more money you need to better manage your money. And thanks to this routine, over the years I've saved tens of thousands of dollars more. MY FREE RESOURCES: 🏘️House Affordability Calculator: my.causal.app/models/218979 🏠Buy vs Rent in depth Calculator: my.causal.app/models/188225 🧮Intrinsic Value Calculator: docs.google.com/spreadsheets/d/1EuISyGHX1QKKx3kfvppV5-vLzXzPPOrSH9E...
My 3 Proven Steps to Never Become Poor
Просмотров 992 месяца назад
I went from Broke to Financially Free in 4 years. I've showed how I did it to many and they managed to do the same. So if you want to stop being broke, this is the video for you. MY FREE RESOURCES: 🏘️House Affordability Calculator: my.causal.app/models/218979 🏠Buy vs Rent in depth Calculator: my.causal.app/models/188225 🧮Intrinsic Value Calculator: docs.google.com/spreadsheets/d/1EuISyGHX1QKKx3...
The Secret to Make $400k in 4 Years
Просмотров 1074 месяца назад
If you watch this you'll get 12 years of financial knowledge in 29 minutes. Everything I learned and applied to become financially free is in this video. You'll learn everything you need to know to improve your financial situation and become financially free. MY FREE RESOURCES: 🏘️House Affordability Calculator: my.causal.app/models/218979 🏠Buy vs Rent in depth Calculator: my.causal.app/models/1...
I Stopped Spending Money for 30 Days
Просмотров 604 месяца назад
I cut my expenses in half in just thirty days. How did I do it? Well, it is very simple. You just need to apply a simple rule and a simple strategy. Check them in this video :) MY FREE RESOURCES: 🏘️House Affordability Calculator: my.causal.app/models/218979 🏠Buy vs Rent in depth Calculator: my.causal.app/models/188225 🧮Intrinsic Value Calculator: docs.google.com/spreadsheets/d/1EuISyGHX1QKKx3kf...
How I Beat Grocery Stores' Tricks to Save Money
Просмотров 1,1 тыс.4 месяца назад
I have tested the different ways grocery stores steal your money. Here is how you can start spending less money now. MY FREE RESOURCES: 🏘️House Affordability Calculator: my.causal.app/models/218979 🏠Buy vs Rent in depth Calculator: my.causal.app/models/188225 🧮Intrinsic Value Calculator: docs.google.com/spreadsheets/d/1EuISyGHX1QKKx3kfvppV5-vLzXzPPOrSH9Ez9D0Al5A/copy All rights to the icons and...
5 Ways I Transformed My Finances with ChatGPT
Просмотров 1,3 тыс.5 месяцев назад
ChatGPT can help you improve your finances with just one click. I used it in many different ways and in this video I show you how you can easily do the same. ChatGPT Prompts: docs.google.com/document/d/1aBVYBKOKC8oRHpFAjEg-GLVdze7A5lk3NqelyD49sB0/template/preview MY FREE RESOURCES: 🏘️House Affordability Calculator: my.causal.app/models/218979 🏠Buy vs Rent in depth Calculator: my.causal.app/mode...
6 Signs You’re Way Above Average Financially (Even if It Doesn’t Feel Like It)
Просмотров 1,1 тыс.5 месяцев назад
6 Signs You’re Way Above Average Financially (Even if It Doesn’t Feel Like It)
8 Money Rules That Will Change Your Life Forever
Просмотров 5896 месяцев назад
8 Money Rules That Will Change Your Life Forever
Why You Will NOT Have Enough Money Retire (4% Rule Does Not Work!)
Просмотров 516 месяцев назад
Why You Will NOT Have Enough Money Retire (4% Rule Does Not Work!)
7 Financial Goals to Hit Before You’re 30
Просмотров 1,2 тыс.7 месяцев назад
7 Financial Goals to Hit Before You’re 30
The Single FASTEST Way to Having More Money
Просмотров 5047 месяцев назад
The Single FASTEST Way to Having More Money
How Much House Can You ACTUALLY Afford? (For Real)
Просмотров 957 месяцев назад
How Much House Can You ACTUALLY Afford? (For Real)
I Let ChatGPT Manage My Finances for 30 Days
Просмотров 2,6 тыс.8 месяцев назад
I Let ChatGPT Manage My Finances for 30 Days
Net Worth to be Upper, Middle & Lower Class
Просмотров 1,2 тыс.8 месяцев назад
Net Worth to be Upper, Middle & Lower Class
5 USELESS Expenses Wasting Your Money
Просмотров 1,1 тыс.8 месяцев назад
5 USELESS Expenses Wasting Your Money
Why Buying a House Will Make You POOR
Просмотров 1,6 тыс.8 месяцев назад
Why Buying a House Will Make You POOR
How to Pay NO TAX Like the Rich (Legally)
Просмотров 279 месяцев назад
How to Pay NO TAX Like the Rich (Legally)
The ONLY 3 AI Stocks You Need in 2024
Просмотров 2,5 тыс.9 месяцев назад
The ONLY 3 AI Stocks You Need in 2024
This Stock Will Make me $200 Millions
Просмотров 3299 месяцев назад
This Stock Will Make me $200 Millions
Was shocked to see how many subscribers you have an how many views this video has, I was expecting a lot more. Keep up the good work, I really enjoyed it.
Thanks, it means a lot!!
How do you make your dope thumbnails bro? What software/ app do you use?
Hey, I use photoshop!
Great content! Upload this type of valuable content regularly. Have you had a chance to see my email? I look forward to hearing from you.
Excelente video. Me gusta mucho tu edición
Muchas gracias! I'm happy you enjoyed it!
Nico ,Great info! I learned a lot about this. Thanks for making it so easy to understand. Have you had a chance to see my previous email? I look forward to hearing from you.
Nico,This was so well-made! Thank you for sharing such quality content. Have you had a chance to see my email? Iooking forward to hearing from you.
What a great video, big potential man! 🙏
Thanks a lot! I'm really happy you liked the video!!
1. Nagatiote your salary (Get prepared mental facts evidence) search competitors 2. Learn skills 3. Swith 4. Network 5. Search and aplenty for better higher paying job. 6. Invest your money
Underrated Channel
Agreed
Thanks a lot! I'm happy to know you find my videos useful!
@@NicoForaFinance This was so well-made! Thank you for sharing such quality content. Have you had a chance to see my email? Iooking forward to hearing from you.
When you say if you have debt pay that off first then invest, what would you do if you owe money on a car? And you have 3yrs left to pay it off
So, I didn't specify it in the video, but the debts you have to pay off as soon as you can are debts like credit cards and student loans, because they usually have a higher interest rate than what you'd get from investing. In the case of a car, there are more variables to consider. Can you actually pay it off sooner than planned? There are often fees that prevent you from doing so. Secondly, is the interest rate higher or lower than what you'd get from your investments? Example: if you have a 4% interest rate on the car and your return on investment is 10% (S&P500 average), it is better to invest in the stock market. But if it is of 14% it is better to pay off the car. I hope this helps!!
Hello there! I saw that you're buying video editing services from fiverr. I am a professional video editor I'll give low prices than that you're paying. With best quality
thank you I have been searching for a deep finance for live and planning thank you friend
Thanks a lot!! I'm really happy it's been helpful for you!
What are your future plans with your channel?
Nice video, very useful 👍
Thanks a lot!!
super useful 🙏🏻
Thanks a lot!!
Great
does people never do a quick math of what they got before going to the counter ??? if so then you are either rich or just stupid =)))
Yep, I don't know how many times I've seen people putting things away at the counter because they didn't have enough 😅
The easyest way to spend less are the following: (they build on each other) - Go to shop regualry when you buy the neccesary things, and dont do "big shopping in one go". - Its convenient to go ones or twice a month to buy everything for a month or two. (like toilet papers, oil, sugar, flour, canned food, etc). But if you do small shoppings, and always buy necessary things you will buy less, and throw out less later. Try to buy as few things as possible ahead with moderated amount. You dont need 20 kg of sugar because its non-perishable keep in the pantry, when you use only 1 kg/month. Buy 1 kg, and only place 3/4 in the container, and 1/4 in placed back in the pantry. When you out of sugar from the conatiner then fill it from the pantry, and buy 1 kg, and fill the rest (or keep at least 1/4 what will be placed back to pantry). This way you never have cases with fully out of stuff, and will know you need to replace. It can be the same with salt, vinegar, toilet paper, soap, or any non-perishable products. - Go shopping on foot/public transport. If you shopping with a car, you will have a tendency of buying more and more. But if you have to transport the products via your hands, you will think twice before buying more than needed. - Use only small shopping basket. If there is only shopping carts, or big baskets avaiable, then use your own basket/bag what will be used to transport the products home. This way you will feel the weight of the bag what will be needed to bring home too. So if you feel its getting heavy you may be finish shopping faster, or take back the impulse bought product to lover the weight of the bag. - Prevent impulse shopping. Its hard to say no to something you want to buy when see it, and there are cases when its worth the price, and hussle to buy something. But if you want to prevent impulse shopping not needed things try the following things: - ask yourself is it really needed. (you don't have to deprive yourself of everything but you need to know if that thing will be really necessary, or just give you some dopamine for the time until you go home) If you can give 2 good reason why its needed (and its not "because its pretty") you should buy it. If only 1 then should reconsider. If none let it go. - dont look the prices as they, but try to convert it to a more daly lifie thing. Like work hours. Ask yourself how many hours/days/months are have to work to get the amount for the product. - Use calculator. You have a smart phone in your pocket or hands. When you pick something from the shelves, and place it in your basket/bag then count the price on the go. You will see in real time, how much you will spend, and wont get surprised when going to check out. Just dont forget to add the extra costs like packaging price. This way you will see if something is wrongly priced and "tricked you in your choose". - Use shopping list: if you know what you need you will not going aimlesly in the shop, and did not get disturbed by discounts becasue you are focusing on the list. You can write the prices of the bought product to check if there is a wrongly priced item what tricked you in your choose. - Use cash, not card. If you have your budget in cash you will fell the spending more than using it from a card. *Ultimate level: - Catalog your spendings and throwen out products. It feels time consuming, but if you do it regularly and in a proper way than you can analyze the faults on your shopping. Like you throw out products before consuming all. e.g: you throw out 3 eggs from the 10 evey 2 weeks. You can check if the smaller package is saving you money or not. Maybe a 2 boxes of 6 pack save you money on the long term. There are several apps for this case, but you can use excel or google table too. A good sheet of data can be analyzed various ways. Just dont let it grown to big, purge it some times (or at least remove it from the internet to an external drive)
big shopping in 1 go is the fastest way to overspend, its the same with buying cloths, after 3 4 items you prob dont even know what you want anymore and just do stupid shopping XD
That's really good advice!! Thanks for sharing!!!
i tell you my secret: write a shopping list at home and just stick to it...
So right!!
I am guilty of being persuaded by the little "gifts" they "offer". I got extra 8 wine glasses that I didn't need last month 🤣
It happened to everyone 😅
nice video, man
Thanks a lot!! Did you find it useful?
Guy, this is just aggregated data from the internet. Not a truth machine. All this information is available all over the internet.
99% of the world's information is available on the internet. But instead of researching everything by yourself, it's much easier and faster having ChatGPT for you. Don't you think so? Especially since you can adapt it to your own situation. I mean, that's if the goals of AI!
Hey! I just wanted to say how incredible your advice is and how much I appreciate your expertise! 🌟 Your experience really shines through, and I’m excited to try out the tips you’ve shared. I have a question about the video: What are some practical steps to take if you don’t see the signs of financial success in yourself yet? Thank you so much for your response to my previous comment. I implemented your advice, and it was extremely helpful. You've literally changed my life, and I’d love to share my story with you-it’s something I think will make you happy. I’ve already sent you a DM, and my profile picture is the same as on RUclips. I’m interested in learning more about your services and exploring potential ways to work together. Do you offer coaching or any other types of support? Thanks again for everything! 🙌😊
Amazing insight!
Thanks a lot! Happy you found it useful!!
The status game vs The wealth game: I really liked this part. I think it all comes down to being critical about your purchases, instead of being impulsive and just following the trends.
Playing the right games changes everything!!
I've some ideas and some suggestions to share with you, what's the best possible way to contact you brother!
Hey, you can definitely comment here or in my profile you can find my contacts!
Tu é brasileiro?
Sou italiano, mas falo português! És brasileiro?
can i edit your RUclips videos?
Thanks for the offer but I already have an editor!
"It's important to talk with everyone about money but it doesn't mean that you have to listen to everything people tell you" - such good advice.
It's one of the most important learnings I've done over my life!
@@NicoForaFinance and it can be applied to almost anything in life tbh
I dont understand so little people watch your videos are amazing the microsoft thing is a complete game changer, i really have trust in it. After a half a year of investing my philosophy is so far: invest in good bussiness when there is a discount and sell after a year or more when it comes back(in my country there is no tax from stocks after a year). For sure your method is really really good but have you think of more of a short term potential of stock investing for example there is tesla that is very volatile and longterm doesnt seem to be that attractive so far. What is your opinion? I would appreciate it very much.
Wow! Thanks a lot!! It really makes me happy to read your comment! I will continue doing my best to provide good videos 😁 Regarding short-term investments, I have to say that it is not my speciality and surely not an expert. Even though, especially in the past, I also did some short-term investments (1-2 years) so I will try to share my vision from this experience. If I were to look for a short-term investment, I would not focus as much as I do for long-term investments on the financials. Surely, it is important, but the results I look for the long term are not going to be visible in one year. What I would look much more is the current macro-economical situation, as well as the industry trend and situation. I take a well known example: Nvidia. Nvidia is a great company that has grown enormously over the last years. I would not buy it for long-term because it is definitely overpriced at the moment. But if I look at the short-term, it is different. Because it will probably grow more. But to be sure of that, I would carefully study the market trends, the new product releases of Nvidia and competitors as well as the analysts expectations. Doing this type of analysis you should get a rather good analysis for the short-term. But, with short-term you can never be 100% sure if it will go in the direction expected. This is the reason why I do not really focus on short-term. This said, talking about Tesla I agree that it is not attractive in the long-term. Because of that, I do not follow it that much. I think that it is a very volatile stock and for sure there must be ways to make a good profit in the short-term with it, but I am not that confident on the company. Looking at the numbers, the pricing of their cars which decreases and how other brands are little by little taking space in the market. These aspects don't make me feel really cinfident on the company. However, following the approach I said before would potentially show opportunities on this company. I hope this answer helps you!! Thanks again for the comment 😁
It really helped me, thanks a lot.👍
@@richardgergic980 Great! 😁
"promosm" ❣️
HERE Is the plan that ChatGPT gave me: Absolutely, here's a 30-day program tailored to help you save an additional 1700 CHF this month: Day 1-5: Expense Evaluation and Budgeting Day 1: Review your expenses from the previous month and identify areas where you can cut back. Day 2: Analyze your budget and categorize expenses into essential and non-essential categories. Day 3: Set a specific savings target for the month, aiming to save an extra 1700 CHF. Day 4: Create a detailed budget for the month, allocating funds towards savings and reducing spending in non-essential categories. Day 5: Plan your meals for the week and create a grocery shopping list to minimize unnecessary spending on food. Day 6-15: Expense Reduction and Income Generation 6. Day 6-10: Cut back on discretionary spending, such as dining out, entertainment, and shopping. Look for free or low-cost alternatives for leisure activities. Day 11-15: Explore opportunities to increase your income, such as selling unused items, taking on freelance work, or picking up extra shifts at work. Day 16-20: Utility and Subscription Review 8. Day 16-17: Review your utility bills and look for ways to reduce energy consumption, such as turning off lights when not in use or lowering the thermostat. Day 18-20: Evaluate your subscription services and consider canceling or downgrading those that you don't regularly use or need. Day 21-25: Transportation and Travel Optimization 10. Day 21-22: Use public transportation, carpooling, or biking instead of driving to save on fuel and parking expenses. Day 23-25: Look for ways to reduce travel expenses, such as booking flights and accommodations in advance or opting for budget-friendly travel destinations. Day 26-30: Review and Adjustment 12. Day 26-27: Monitor your spending throughout the month and make adjustments to your budget as needed to stay on track towards your savings goal. Day 28-30: Reflect on your progress over the past month and identify any areas where further adjustments can be made to save additional money. Areas to Focus On: Groceries: Reduce food costs by meal planning, buying in bulk, and avoiding impulse purchases. Entertainment: Cut back on non-essential expenses like dining out, going to the movies, or subscribing to multiple streaming services. Transportation: Use cost-effective methods of transportation such as walking, biking, or using public transit whenever possible. Utilities: Lower energy bills by being mindful of electricity and water usage, and consider switching to more energy-efficient appliances. By implementing these strategies and staying disciplined with your spending habits, you can work towards saving an additional 1700 CHF this month, putting you on track to reach your goal of saving 20,000 CHF over the next 12 months.
got your video recommended on to my homepage. so I guess, I'm here before this one goes viral 📈
Let's hope so!! 😁😁
You’re gunna be a RUclips star. Upgrade the audio and you will be off to the races
Thanks a lot!! May I ask you what is about the audio that I should improve? It is true that it is the aspect on whicvh I am working now!
It would have been useful if you shared what ChatGPT recommended and her financial plan for you, without going into much detail of your personal situation if you didn’t want to put that into the internet.
You're right, I could have made it more explicit! Here is the plan that ChatGPT made me: Absolutely, here's a 30-day program tailored to help you save an additional 1700 CHF this month: Day 1-5: Expense Evaluation and Budgeting Day 1: Review your expenses from the previous month and identify areas where you can cut back. Day 2: Analyze your budget and categorize expenses into essential and non-essential categories. Day 3: Set a specific savings target for the month, aiming to save an extra 1700 CHF. Day 4: Create a detailed budget for the month, allocating funds towards savings and reducing spending in non-essential categories. Day 5: Plan your meals for the week and create a grocery shopping list to minimize unnecessary spending on food. Day 6-15: Expense Reduction and Income Generation 6. Day 6-10: Cut back on discretionary spending, such as dining out, entertainment, and shopping. Look for free or low-cost alternatives for leisure activities. Day 11-15: Explore opportunities to increase your income, such as selling unused items, taking on freelance work, or picking up extra shifts at work. Day 16-20: Utility and Subscription Review 8. Day 16-17: Review your utility bills and look for ways to reduce energy consumption, such as turning off lights when not in use or lowering the thermostat. Day 18-20: Evaluate your subscription services and consider canceling or downgrading those that you don't regularly use or need. Day 21-25: Transportation and Travel Optimization 10. Day 21-22: Use public transportation, carpooling, or biking instead of driving to save on fuel and parking expenses. Day 23-25: Look for ways to reduce travel expenses, such as booking flights and accommodations in advance or opting for budget-friendly travel destinations. Day 26-30: Review and Adjustment 12. Day 26-27: Monitor your spending throughout the month and make adjustments to your budget as needed to stay on track towards your savings goal. Day 28-30: Reflect on your progress over the past month and identify any areas where further adjustments can be made to save additional money. Areas to Focus On: Groceries: Reduce food costs by meal planning, buying in bulk, and avoiding impulse purchases. Entertainment: Cut back on non-essential expenses like dining out, going to the movies, or subscribing to multiple streaming services. Transportation: Use cost-effective methods of transportation such as walking, biking, or using public transit whenever possible. Utilities: Lower energy bills by being mindful of electricity and water usage, and consider switching to more energy-efficient appliances. By implementing these strategies and staying disciplined with your spending habits, you can work towards saving an additional 1700 CHF this month, putting you on track to reach your goal of saving 20,000 CHF over the next 12 months.
Ok thanks nothing groundbreaking
Interesting video mate nice work ❤
Thanks a lot!! I'm happy you enjoyed it!! 😁
so I dont need to think for myself anymore
ChatGPT will surely do 90% of the analysis and the plan! But always be careful because it can make errors!
This one is very original and fun! Bravo Nico!
Thanks!!
@@NicoForaFinance Does Chat GPT told you that "dollar" does not exists? If you not agree, then go look up "dollar legal definition". So what exactly do you manage then? Debt? Looks like. Good luck.
I'm sorry but I don't understand what you are talking about
buying a house for yourself to live in is a liability . Many people commenting here that buying a house for themselves is a great investment are just working class people, they will take a huge loan after they get a job because they think they will live for free in that house, look rich and after 30 years they will sell house and become multi millionaires lol
So true!
😊
Enjoyed watching the content, but listening to your low quality mic was tideous I recommend to get a better mic
True, I had a problem with the mic during the recording... On the other videos the mic is good, you can check them out :) Thanks for the feedback!
Brother how can i contact you for business?
Buying a house saved my parents from having their money trapped in a bank during the financial crisis in Lebanon!
That's great! It is true that houses are always a good place to keep money to avoid crisis
Purchasing used cars in great new condition at less than half the showroom price is one the smartest decisions you could possibly make in 2024 and in life 💯
Definitely, it is such a simple way to save tons of money!!
You expensive seem very high. There are studies that show people are adjustable, if you have a mortgage people will reduce their expenses accordingly. Also if the bank gives them a loan all those safety margins are considered.
4,5 mil living costs for 30 years? 150k per year? That's double the current household income. He must have some pretty decent living planned.
Especially is in a extremely expensive country (not the US) 😅😅
If rent is as expensive as mortgage why would you rent?
Well, if you consider only the mortgage payment you are missing on a lot of other costs and so it could be risky. But, if you have correctly analysed all the costs and it is the same as renting, well it is better to buy.
For me buying a house was a pretty easy decision, for a number of reasons: - It is cheaper then renting for me, at least for something similar. (with dutch tax benefits into account). - Leverage on an appreciating asset. - I build up my wealth. - No landlord. I've heard my fair share of horror stories. - The mortgage payment doesn't increase with inflation, so I do expect to be paying less in real terms in the future.
Great! It is true that all of the buy vs rent discussion changes a LOT according to the country in which you are living. It really makes a huge difference. As well as having a fixed mortgage rate as you have also saves a lot of money over the time.
Buying a House Will Make You POOR (If you have no idea what you're doing) Buying more then 1 House Will Make You RICH (If you know what you're doing)
Definitely!
What buying a house gives you control over your future. We bought a house early in our marriage and yes it was a struggle at first but quickly adapted to the lifestyle. Now we managed to pay it off and are in the position to have our adult child living with us and he is not lighting 2k a month on fire paying rent. You will always need a place to live better to have one under your control rather than a landlord that will raise rent as market dictates.
Happy to hear that you managed to pay it off! That's an important achievement! Buying a house is definitely a good choice in many situations, but the mandatory pre-requisite is that you really know how it will impact your finances!