5 Reasons Wealthy People Are Living Paycheck to Paycheck

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  • Опубликовано: 28 июл 2024
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    Do you ever wonder why some high earners seem to live paycheck to paycheck? It's a classic case of lifestyle creep! Join me as I explore this pattern and break down five reasons why even wealthy people struggle to save.
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Комментарии • 126

  • @Danieljoe-ui2je
    @Danieljoe-ui2je 25 дней назад +39

    Your explanations is the best! The content is great but there are others with great content. The way you speak your script is what makes your content stand out. I try to follow the other guys who read out loud and it's so hard to pay attention to a monologue but you speak to the audience and that is what makes listening to you fun and interesting. Thank you for your work!

    • @Anabel-xt4vf
      @Anabel-xt4vf 24 дня назад +1

      We're all getting hit over the head with these prices, the good thing is being in a position to pay these prices. I feel really bad for those who are not in the position to pay for their

    • @lawismusk
      @lawismusk 24 дня назад

      Exactly, things are getting worse these days, multiple streams of income is a backup
      strategy of success

    • @AndrewJesse-se8nn
      @AndrewJesse-se8nn 24 дня назад

      Everyone needs a different stream of income, such as where one can invest some part of his or her monthly earnings

    • @MercedesNina-op2rf
      @MercedesNina-op2rf 24 дня назад

      well as you know bigger risk, bigger results, but such impeccable high-value trades are often carried out by pros.

    • @SamuelJoshua-iz8im
      @SamuelJoshua-iz8im 24 дня назад

      this is definitely considerable! think you could suggest any professional/advisors i can get on the contact with? i'm in dire need of proper portfolio allocation

  • @JenniferFernandez-72
    @JenniferFernandez-72 27 дней назад +29

    After so much struggles I now own a new house and my family is happy once again everything is finally falling into place!!🇺🇲🇺🇲

    • @user-lb8ce1uv6w
      @user-lb8ce1uv6w 27 дней назад

      I'm 37 and have been looking for
      ways to be successful, please
      how??

    • @BlessingJohn-pv7hn
      @BlessingJohn-pv7hn 27 дней назад

      In times like this you need a good
      expert like Rita Orlando to help you get through.

    • @LeoIllin-ne8yd
      @LeoIllin-ne8yd 27 дней назад

      😱Sounds familiar, I have heard
      her name on several occasions..
      and both her success stories in
      the wall Street journal!

    • @DavidZack-ep7ss
      @DavidZack-ep7ss 27 дней назад

      Trading without professional
      guide....Huh I laugh you, because
      you will remain where you are or
      even make huge losses that will
      stop you from trading, this has
      been one of the biggest problem to
      new traders

    • @Nicola380
      @Nicola380 27 дней назад

      Ok, I'd love connect Rita Orlando, how do I do that please??

  • @freedomring3022
    @freedomring3022 27 дней назад +11

    I just recently got a 4% raise. I immediately increase my 401(k) contribution to equal the raise amount. I'll never miss that extra money and the current rate I am bringing home post taxes is more than enough for me.

  • @kaitlync.2628
    @kaitlync.2628 27 дней назад +22

    Rachel I love your haircut! That looks great on you!

  • @LeonardAnders
    @LeonardAnders 24 дня назад +8

    Our congress has no idea how we Americans are feeling, we individuals are fed up with this treasonous administration. I feel for people with disabilities for not getting the help they deserve... Thank you Lillie Tamara.. imagine i invested $4,000 and received $6,550 in 4days.

    • @LudacrisWilliams
      @LudacrisWilliams 24 дня назад +1

      I'm surprised you also trade with Lillie Tamara, she's the best at what she does. At first I was afraid too before I gave it a try and realized fear kills dreams more than

    • @DybalaSony
      @DybalaSony 23 дня назад +1

      HOW DO I GET ON THIS?????🙏

    • @LudacrisWilliams
      @LudacrisWilliams 23 дня назад +1

      SHE'S MOSTLY ON TELEGRAMS APPS WITH THE BELOW NAME

    • @LudacrisWilliams
      @LudacrisWilliams 23 дня назад +2

      ExpertTamara
      That's her username

    • @AmariReign
      @AmariReign 23 дня назад +1

      Yeah things are getting worse these days, multiple streams of income is a backup strategy of success

  • @pnwflipper2089
    @pnwflipper2089 27 дней назад +5

    Thank you for turning the music down! I love that I can hear Rachel speak!

  • @stevenporter863
    @stevenporter863 21 день назад +1

    2:00
    Inflation: Rachel is right there with you. Along with her tan from her long vacation and new haircut. 😂

  • @renegomez6679
    @renegomez6679 27 дней назад +15

    You start making better money you want a better car and better house and just like that you are living paycheck to paycheck.

    • @michael7054
      @michael7054 27 дней назад +2

      Better vacations too. Like to other countries rather than someplace in Ohio if you already live in Ohio for example.

  • @RichardTouchfaith
    @RichardTouchfaith 27 дней назад +3

    We bought a small house in a high end neighborhood in our 20's.
    We took Ramsey's advice and bought an even smaller house in a low end neighborhood.
    Thanks Dave.

  • @monicageller226
    @monicageller226 26 дней назад +2

    Loving the new look Rachel! Thanks for the video

  • @yukitamanuel7249
    @yukitamanuel7249 27 дней назад +7

    We are not where we need to be but we have grown something serious. Each bill we pay off we celebrate and keep going ❤

  • @datorres3
    @datorres3 22 дня назад +1

    Love the new rebranding of your thumbnails 👌🏽

  • @carmenbergen6366
    @carmenbergen6366 27 дней назад +8

    love your hair! looks fantastic!

  • @jwarnstarsmile
    @jwarnstarsmile 27 дней назад +1

    You're glowing, Rachel ❤

  • @laurenstevens2540
    @laurenstevens2540 27 дней назад +5

    Love the short hair!! So thick and pretty. ❤

  • @rachelbagnard
    @rachelbagnard 27 дней назад +1

    I LOVE YOUR HAIR CUT! Soooo cute!!

  • @Deenocon
    @Deenocon 27 дней назад +3

    Love the hair Rachel!

  • @msxeunybunxy
    @msxeunybunxy 7 дней назад

    I work full-time in a school, but I'm also off during the summertime. I decided to take off this summer, and I'm living off my savings. Times of no employment can also make you feel like you're living pay check to pay check.

  • @kathrynp7595
    @kathrynp7595 27 дней назад +4

    Wow, your haircut is beautiful 🌺

  • @fashionistajana
    @fashionistajana 27 дней назад +3

    Love your haircut!!!

  • @MR3DDev
    @MR3DDev 27 дней назад +9

    I cannot fathom the mindset to make over 100k and live paycheck to paycheck. I live debt free and only make 70k a year, and yes I have a house and a 2024 car paid for.

  • @kylieschrag8930
    @kylieschrag8930 24 дня назад

    Love you Rach ! 💓🙏

  • @claytontramel9554
    @claytontramel9554 27 дней назад +2

    digging the hair!

  • @meryrodas4019
    @meryrodas4019 27 дней назад +3

    You look nice with your new hair cut

  • @hollybingeman2290
    @hollybingeman2290 27 дней назад +2

    Love your haircut

  • @kortfreedrish6710
    @kortfreedrish6710 27 дней назад

    I connect with “increased expectations”!!!! That’s the big one for my family. I remember when my kids were little and my wife and I both worked. Our combined monthly budged was 5,000 just 6yrs ago. Today I am the sole provider now with approximately 15,000 a month to budget, but now it’s a new house, private school, gymnastics… Cars haven’t changed (we look like the clampetts of the neighborhood lol), house is on a 15yr mortgage with a higher interest rate than I wanted to spend. Saying no every other day to your kids that constantly ask if they can do what X family in the neighborhood is doing is hard… We have the margin but don’t want to waste everything just to keep up with the Jones… We are not pay check to pay check but I understand how someone with a 400k income can end up there.

  • @gretteltriana9075
    @gretteltriana9075 27 дней назад +2

    Love you hair short!! 😊

  • @reneeantwi-boasiako3974
    @reneeantwi-boasiako3974 27 дней назад

    Love the new thumbnail ❤

  • @joeriveracomedy
    @joeriveracomedy 27 дней назад

    My emergency fund is stuck in an sf credit union that went down yesterday. I am investing it if I get it back.

  • @RebeccaKeepper.eXpRealtor417
    @RebeccaKeepper.eXpRealtor417 27 дней назад +1

    Rachel your hair, always pretty, but I like the long hair best

  • @mikekujawagvsu
    @mikekujawagvsu 25 дней назад

    Great video, you have to manage your situation and make tough adult choices. I dislike the new haircut though.

  • @juanrijo571
    @juanrijo571 27 дней назад +6

    That Haircut ❤

  • @brianhall2525
    @brianhall2525 26 дней назад

    Hedonic Treadmill is what's going on with a lot of people.

  • @JONBONJOVI-hz5vl
    @JONBONJOVI-hz5vl 13 дней назад +3

    Nice video Rachel. I'm favoured, $27K every week! I can now give back to the locals in my community and also support God's work and the church. God bless America.

    • @gdudhdu
      @gdudhdu 13 дней назад

      As a beginner what do I need to do? How can I invest, on which platform? If you know any please share.

    • @JONBONJOVI-hz5vl
      @JONBONJOVI-hz5vl 13 дней назад

      It's Mrs Sonia Duke of course

    • @JONBONJOVI-hz5vl
      @JONBONJOVI-hz5vl 13 дней назад

      She is the best you can ever come across

  • @brendasmith4220
    @brendasmith4220 19 дней назад +1

    we only make 50k a year still baught a car and saved over 15k this year no excuse

  • @lorisnyder89
    @lorisnyder89 27 дней назад +1

    Love your videos. I'd like my young adult sons to watch these. On a separate topic, your hair looked pretty before, but this haircut is adorable!

  • @SAreamusic1
    @SAreamusic1 27 дней назад +3

    Rachel: let’s talk about 400k is paycheck to paycheck
    Everyone else: love the hair! (Looks so cute) 🥰

  • @comeconcon569
    @comeconcon569 26 дней назад

    I'm living from hand to mouth.

  • @ivelissejimenez2344
    @ivelissejimenez2344 27 дней назад +1

    I try but something always gets in the way. Like fixing the car or the house needs a new repipe or a new roof.

  • @xlerb2286
    @xlerb2286 27 дней назад +3

    Many decades ago I started my first professional job at $31K a year. That was so-so money back then. 7 years later and a couple unplanned job changes I was making a little over $100K. Salary didn't continue to go up at that rate but it went up pretty good. We still live a lot like we did in those $31K days. We drive better cars (10 year old Subarus rather than a 20 year old Renault) and we bought a larger house ($200K rather than the $89K first house). We're lucky that physical things and keeping up with the Joneses just doesn't mean much to us. I just retired a couple years earlier than I'd planned. We wouldn't have been able to do that if we'd led a paycheck-to-paycheck lifestyle. Instead we'd have bills and a bunch of junk that's depreciated to nothing.

  • @NewGuy2024
    @NewGuy2024 27 дней назад +2

    My wife and I gradually made more money as we age.
    Though as we age it seems we desire less "stuff" than before...
    We ridiculously spend a lot less now in our late 40's as empty nesters...

  • @kristenxmarie00
    @kristenxmarie00 27 дней назад +7

    I was a stay at Home mom with no money in my IRA or any savings of my own, which was scary at 53 years of age. Three years ago I got a part time job and save everything I make. After 3 years, I am 56 yo and have put $9,000 in an IRA and $40,000 in my portfolio with CFA, Evelyn Infurna. Since the goal of getting a job was to invest for retirement and NOT up my lifestyle, I was able to scale this quickly to $150,000. If I can do this in a year, anyone can.

    • @jeffbox1torres
      @jeffbox1torres 27 дней назад

      I went from no money to lnvest with to busting my A** off on Uber eats for four months to raise about $20k to start trading with Evelyn Infurna. I am at $128k right now and LOVING that you have to bring this up here

    • @DannielleRosales
      @DannielleRosales 27 дней назад

      This is interesting. I heard a lot about the same person not long ago, please how can I contact her?

    • @kristenxmarie00
      @kristenxmarie00 27 дней назад

      Well the name is 'Evelyn Infurna'. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.

    • @DannielleRosales
      @DannielleRosales 27 дней назад

      I searched for her complete name on the internet and located her page. I then sent an email and scheduled a meeting to converse with her; now, I'm awaiting her response

    • @BestoFornitero
      @BestoFornitero 27 дней назад

      Been debt free for two years thanks to Evelyn Infurna Services. So sad to see my friends in their 40s with car loans, mortgages and credit card debt.

  • @dbmail545
    @dbmail545 21 день назад +1

    $400K and he can't save? Sounds like a Darwin Award about to be earned.

  • @mhodge0890
    @mhodge0890 27 дней назад +1

    Be careful with wealthy people their the type that would say they’re living paycheck to paycheck but would invest 20% in their retirement. Not everyone can invest that much.

  • @sophialeblanc
    @sophialeblanc 27 дней назад +1

    Love the hair girl! Now, someone put some color on her lips ❤❤❤

  • @LilyHowardddd
    @LilyHowardddd 27 дней назад +16

    Hallelujah!!! I’m blessed and favored with $60,000 every week! Now I can afford anything and support the work of God and the church. For Your glory, LORD! HALLELUJAH!

    • @JenniferLyn1919
      @JenniferLyn1919 27 дней назад

      Oh really? Tell me more! Always interested in hearing stories of successes.

    • @LilyHowardddd
      @LilyHowardddd 27 дней назад

      This is what Ana Graciela Blackwelder does, she has changed my life.

    • @LilyHowardddd
      @LilyHowardddd 27 дней назад

      After raising up to 60k trading with her, I bought a new house and car here in the US and also paid for my son’s (Oscar) surgery. Glory to God.shalom.

    • @Rev.JustinPatterson
      @Rev.JustinPatterson 27 дней назад

      I know Ana Graciela Blackwelder, and I have also had success...

    • @Rev.JustinPatterson
      @Rev.JustinPatterson 27 дней назад

      Absolutely! I have heard stories of people who started with little or no knowledge but managed to emerge victorious thanks to Ana Graciela Blackwelder.

  • @jmoser
    @jmoser 27 дней назад +1

    Love your haircut!!