Im a 17 years old student in hs, and coming from an immigrant family, im so stressed about being financially stable when im a full grown adult. i find these videos very helpful because you guys have the knowledge that i dont. so thank you!
It's great to see someone so young being so forward thinking. You will undoubtedly do well. You have a lot of time to model yourself on this channel. I'm only just starting at 35, so my success will be limited. Start at 17, and you will have so much success.xx
I'm in a similar situation - 17, senior in high school, coming from an immigrant family background. I'm looking forward to being able to start growing my wealth immediately starting at age 18 through investments, but it's pretty scary seeing the sheer amount of things that I have yet to learn about budgeting, investing and just overall being mindful of money. Good luck to you!
great advice, as always! will you guys consider starting a podcast? It would be a life saver for long distance commuters like myself who love listening to you both!💕
I love this. I wish I could get my hubby on the same page about the importance of saving for multiple goals at once. Great advice. As always another wonderful video. 😄
You gave some really great tips/points I will keep in mind. But it also reassured me that I'm moving into the right direction. I only started getting serious with my money last year and I'm planning & hoping for some money wins next year 😊
I find your videos really interesting, and I'm glad you mentioned how saving too much can be an issue. It definitely impacted me growing up. Now that I'm older I realise that I was always told we were poor and couldn't afford anything, when that was so far from the truth, and that really screwed me up. Especially now that I *am* poor. I just wish there were videos or resources for help on how to manage things and what to do when you have disability/limited income. Because most of these goals just seem so unattainable to me when I barely afford to get by each month and don't really have the ability to work more or increase my income in that way.
I don't know if there is anyone out there talking specifically about people on fixed/disability income, but there is a lot of advice (even on OBHL) that you can adopt to fit your particular situation. You might just have to be a bit creative with it. I wish you the best of luck!--Tasha
@aurorsforthewin - I so hear you on the lack of resources for how to manage when you have a disability/limited income. While I am currently looking at ways to help increase my income, it's challenging as everything needs the consideration of how my disability will affect it or how it will affect my disability. Don't know about you, but I feel like I had additional costs that I would if I didn't have this disability which just makes the limited income more challenging. I do try to adapt advice/resources to my situation, but I can grow frustrated with doing that sometimes.
I just signed up for the free masterclass. My number one goal is to save for retirement. I just wish I had a crystal ball to tell me how much I’ll need. I worry about inflation, taxes, and unexpected medical expenses mostly.
Great video. I am trying to help my mum reset her finances so that she doesn’t have to work forever. Do you have any specific advice to help someone starting over at age 50?
Wow this is sooo cool. You guys want to come to Tanzania 💃💃. Your welcome. Make sure after climbing Mount Kilimanjaro you also go to Zanzibar you guys will love it. Incase you need to know anything about my country to make sure your trip is pleasant I would gladly assist with any information.
Do you have separate bank Accts for different kind of savings and just leave it there once you hit your goal? Any recommendations on savings acct or where to keep the saving funds.
Your videos always power up your motivation. Which is good because I am saving for a house deposit.... Some general advice would be welcome though. Not everyone will be able to save as much as they WANT. Everyone would like to have 7mil at retirement but not everyone can become a high power earner. Some people might move up and up throughout their work lifes, some might be limited for various reasons... Any rules of a thumb? I remember hearing that you should aim at 2/3 or half of your annual salary to be comfortable in retirement? Due to lower cost of living - assuming you are mortgage free and no longer pay for commute/ lunches. What do you think?
Love your videos! I am a visual person so I found myself wishing you would show a mock spreadsheet of how you portion out your savings month over month. Also, do you keep it all in one account or do you have separate accounts for separate goals? Would love to have that kind of explanation! 😃
We have several videos about our budget which show our savings amounts for each category. And we have a video on how we manage our money using multiple bank accounts. Check those out!--Tasha
Thanks for the video Tasha and Joseph. Any suggestions on how to balance the not saving more than you can realistically afford while also saving enough to achieve your goals in the desired time frame - when your ability to increase your income is affected by disability. I have and am continuing to look at ways to increase my income but currently the disability limitations along with debt mean realistic savings rates is slow (current goal being to save a small emergency fund so that I have have a buffer when I focus on paying down debt to give me more flexibility around how/when I work and what I can choose to do with my money)
Tasha that top is beautiful on you. Joseph you need to talk about your exercise routine to prepare for that climb!!!!!!!!!!!! That is amazing! How do y'all feel about funding Alexis's grad school?
Have you guys discussed where your 12 month emergency fund goes? It can’t just be sitting in a savings account and it’s too valuable to risk on a stock.
What's the rationale behind forgoing paying off current debt to save for short term goals, if you have a good credit score and will very likely be able to have access to a line of credit or other debt vehicles in the future? I understand why you would prioritize saving an emergency fund and long term investing over paying extra on debt. And why you wouldn't want to make additional payments on a student loan if it will be forgiven in the future. But otherwise I don't get this strategy.
I always learn a lot from y'all's videos! How do you calculate your minimum savings rate for retirement? I have been setting aside money into my jobs 401k since I started working full-time but I don't know if I am on track for where I want to be at retirement! Thank you!
It’s a concept we teach inside of Wealth Builders Society. Your MSR is the amount that you need to invest every month in order to retire at your ideal age with your ideal lifestyle.
True.you need a budget. You need to reallocate that budget. Savings,investing,sinking funds,emergency funds all are so important . Can someone be too frugal? Two words. Extreme cheapskates.
I'd say it's more of a saving avalanche because we look to optimize our wealth building and choose to save where it will build wealth the fastest.--Tasha
It's not too late to get your money plan in place in 2019! Join us for a free live money masterclass: onebighappylife.com/masterclass --Tasha & Joseph
Tasha, drop that wardrobe update video, Seriously.
You wear the best clothes.
Im a 17 years old student in hs, and coming from an immigrant family, im so stressed about being financially stable when im a full grown adult. i find these videos very helpful because you guys have the knowledge that i dont. so thank you!
You are so welcome! It's really great that you are starting your financial journey so young. Good luck!--Tasha
It's great to see someone so young being so forward thinking. You will undoubtedly do well. You have a lot of time to model yourself on this channel.
I'm only just starting at 35, so my success will be limited. Start at 17, and you will have so much success.xx
One Big Happy Life thank you so much!
Resplendent Clarity thank you so much! Goodluck on your journey 😊 its never too late or too early to start prioritizing financial success
I'm in a similar situation - 17, senior in high school, coming from an immigrant family background. I'm looking forward to being able to start growing my wealth immediately starting at age 18 through investments, but it's pretty scary seeing the sheer amount of things that I have yet to learn about budgeting, investing and just overall being mindful of money. Good luck to you!
great advice, as always! will you guys consider starting a podcast? It would be a life saver for long distance commuters like myself who love listening to you both!💕
We're definitely considering it. Are you looking for the same content in audio format? Or longer form content?--Tasha
A podcast would be amazing!
@@OneBigHappyLife I'd listen to both!
The same content in just audio format would be more than enough!
I love this. I wish I could get my hubby on the same page about the importance of saving for multiple goals at once. Great advice. As always another wonderful video. 😄
You gave some really great tips/points I will keep in mind. But it also reassured me that I'm moving into the right direction. I only started getting serious with my money last year and I'm planning & hoping for some money wins next year 😊
I find your videos really interesting, and I'm glad you mentioned how saving too much can be an issue. It definitely impacted me growing up. Now that I'm older I realise that I was always told we were poor and couldn't afford anything, when that was so far from the truth, and that really screwed me up. Especially now that I *am* poor. I just wish there were videos or resources for help on how to manage things and what to do when you have disability/limited income. Because most of these goals just seem so unattainable to me when I barely afford to get by each month and don't really have the ability to work more or increase my income in that way.
I don't know if there is anyone out there talking specifically about people on fixed/disability income, but there is a lot of advice (even on OBHL) that you can adopt to fit your particular situation. You might just have to be a bit creative with it. I wish you the best of luck!--Tasha
@aurorsforthewin - I so hear you on the lack of resources for how to manage when you have a disability/limited income. While I am currently looking at ways to help increase my income, it's challenging as everything needs the consideration of how my disability will affect it or how it will affect my disability. Don't know about you, but I feel like I had additional costs that I would if I didn't have this disability which just makes the limited income more challenging.
I do try to adapt advice/resources to my situation, but I can grow frustrated with doing that sometimes.
I just signed up for the free masterclass. My number one goal is to save for retirement. I just wish I had a crystal ball to tell me how much I’ll need. I worry about inflation, taxes, and unexpected medical expenses mostly.
Vera Davis there are calculators online that can help you get a good ballpark.
Tasha that top! 😍 I love how you guys list out saving priority. Should these be made once high interest debt be gone?
Great advice! I have smashed the "LIKE" button.
Great video. I am trying to help my mum reset her finances so that she doesn’t have to work forever. Do you have any specific advice to help someone starting over at age 50?
Yall both look fabulous! Wow!
Tasha always looks fire ❤ Love your confidence and style!!
I actually needed this more than I thought I would 💕 can’t wait for the masterclass!
Wow this is sooo cool. You guys want to come to Tanzania 💃💃. Your welcome. Make sure after climbing Mount Kilimanjaro you also go to Zanzibar you guys will love it. Incase you need to know anything about my country to make sure your trip is pleasant I would gladly assist with any information.
Turn up for the wonderful knowledge you continue to provide. I see you Tasha in your red looking 21.
Great video!
Do you have separate bank Accts for different kind of savings and just leave it there once you hit your goal? Any recommendations on savings acct or where to keep the saving funds.
Good question.
Tshering Sherpa they have a video where they talk about all their bank accounts and what they do with them
@@Babs33 thankyou:)
@@AdaEstherGJ thank you :)
Tasha, your top is BEAUTIFUL!!! ❤
Your videos always power up your motivation. Which is good because I am saving for a house deposit....
Some general advice would be welcome though. Not everyone will be able to save as much as they WANT. Everyone would like to have 7mil at retirement but not everyone can become a high power earner. Some people might move up and up throughout their work lifes, some might be limited for various reasons... Any rules of a thumb? I remember hearing that you should aim at 2/3 or half of your annual salary to be comfortable in retirement? Due to lower cost of living - assuming you are mortgage free and no longer pay for commute/ lunches. What do you think?
Love your videos! I am a visual person so I found myself wishing you would show a mock spreadsheet of how you portion out your savings month over month. Also, do you keep it all in one account or do you have separate accounts for separate goals? Would love to have that kind of explanation! 😃
We have several videos about our budget which show our savings amounts for each category. And we have a video on how we manage our money using multiple bank accounts. Check those out!--Tasha
You two are so helpful. Thanks!
You are so welcome! Thanks for watching.--Tasha
hi guys - i’m a student from the uk and would love some tips and tricks for long term saving and spending as i’m about to start uni :)
Thanks for the video Tasha and Joseph. Any suggestions on how to balance the not saving more than you can realistically afford while also saving enough to achieve your goals in the desired time frame - when your ability to increase your income is affected by disability. I have and am continuing to look at ways to increase my income but currently the disability limitations along with debt mean realistic savings rates is slow (current goal being to save a small emergency fund so that I have have a buffer when I focus on paying down debt to give me more flexibility around how/when I work and what I can choose to do with my money)
Tasha that top is beautiful on you. Joseph you need to talk about your exercise routine to prepare for that climb!!!!!!!!!!!! That is amazing! How do y'all feel about funding Alexis's grad school?
Love your dress/shirt Tasha.
Have you guys discussed where your 12 month emergency fund goes? It can’t just be sitting in a savings account and it’s too valuable to risk on a stock.
What's the rationale behind forgoing paying off current debt to save for short term goals, if you have a good credit score and will very likely be able to have access to a line of credit or other debt vehicles in the future? I understand why you would prioritize saving an emergency fund and long term investing over paying extra on debt. And why you wouldn't want to make additional payments on a student loan if it will be forgiven in the future. But otherwise I don't get this strategy.
I always learn a lot from y'all's videos! How do you calculate your minimum savings rate for retirement? I have been setting aside money into my jobs 401k since I started working full-time but I don't know if I am on track for where I want to be at retirement! Thank you!
what is your "minimum savings rate" that you keep referencing? thx
It’s a concept we teach inside of Wealth Builders Society. Your MSR is the amount that you need to invest every month in order to retire at your ideal age with your ideal lifestyle.
14 for me!
I just really want to know if Joseph got his truck yet? I have been putting off getting a truck to achieve goals too. Just curious lol
True.you need a budget.
You need to reallocate that budget.
Savings,investing,sinking funds,emergency funds all are so important . Can someone be too frugal? Two words. Extreme cheapskates.
Karibuni Tanzania
Tasha, is the content of the masterclass available some other way? I live in Europe, the lives are very late for me to watch :(
So, your saving strategy is like a saving snowball?
I'd say it's more of a saving avalanche because we look to optimize our wealth building and choose to save where it will build wealth the fastest.--Tasha
Does your daughter plan to get her masters degree?