1) paying for unused service 2)not investing 3) ignoring opportunity cost 4) not paying strategically 5) working below your true limit 6) loosing money at work 7) by avoiding negotiation 8) thinking budget are evil
1) paying for unused service 2)not investing 3) ignoring opportunity cost 4) not paying strategically 5) working below your true limit 6) loosing money at work 7) by avoiding negotiation 8) thinking budget are evil Uh welcome 😁
Credit card companies beg people to "go paperless"...perfect storm for not reviewing interest, spending patterns etc. I am spot on for #5, with no excuses. One must consider that sometimes those that make bigger $$$ have more responsibilities and headaches. Great video.
Your math doesn't make sense with Steve and Jeff. Jeff starts at 25 and retires at 35 after investing $10k per year. Steve starts at 35 and retires at 65, after investing $11k per year. If everything is the same 10 years is 10 years. No matter what your age. What you are saying only makes sense if they both retired at 65.
Working below your worth and avoiding negotiations go hand in hand. If you take the first compensation offer youre given without giving a counter offer, youre telling the company “Im not worth getting paid very much.” You dont have to be conceited and ask for a million dollars, but know what the average salary for your position is paying, and be competitive with it.
Instead of creating bills, eliminate them. I own a couple acres, and own a 1956 Spartan Royal Mansion 40ft camper that used to be my grandparents. I have 8 solar panels and battery bank powering the whole thing. It helps that I love to fish and I'm close to 3 rivers. My largest bill is $35 a month for my phone, which I use for internet. My expenses is $90 a month not counting food or gas. I invest most of what I make. Of course I understand there's more than one way to skin a cat, but this is my way.
My gym costs £175 pounds a month. I go 4 times a week so I do get use out of it. On one hand I feel I am spending WAY too much and it's sucking money, but on the other hand because it's expensive I do keep going.
I would only do that as a way to get free water for showers cause people like to live in their rv or in their cars so honestly I think if you live like that I understand someone payin for a gym membership. Outside of that there’s other cheaper ways to get that same thing without the monthly payment cause they sneak in hidden fees every month if you never check. The motivation required is the same just the method is different due to your ability to have a creative approach.
@@abethegamerful it's called f45 it's a good gym. Circuit training, body scanners, personal trainers and meal plans. It won't be forever, just until I learn the exercises and lose the weight I want!
I remember I had a membership for planet fitness and the last time I used it was 2019 and I stopped going because I got sick of the lunk alarm and all those stupid anti-judgment rules so I ended up forgetting about it it was still paying it for a few years until I lost my job and wasn’t able to pay it and it was finally canceled after a month of nonpayment and was happy. I went to download an app by accident that I had to pay monthly for and it charged me for the whole year and I figured out how to cancel the app and get my money back.
Do you know you can lower your cell phone bill just by calling your cell phone company and asking them to pay less. Also some vehicles insurances can lower your premiums just by asking specially if your credit score went up. Paying extra in things we don’t need is considered leakage.
Bank steal from us when we put money in the bank. So to avoid loosing money but rather growing your capital is by Investing. I started investing for over 4 years and have achieved a lot just from my investment, I own 2 houses with networth of over $3m
@@carmenbills2264 I'm into many investment schemes , but I have a top expert broker Ms Diana Alexandra Hunts, she manages and guides me in all my investments. I can recommend her ; she's the best investment manager I have worked with.
The reason why I don't search for more income is because I already pay too much in taxes. I tried making extra money and it cost me more in the long run due to taxes, time wasted trying to make more money.
@@wesleyskinner9477 Canada. I make just over $115,000 before taxes per year. So everything I make on a side hustle gets taxed super high. So making a few extra bucks and getting taxed so high just doesn't make sense at all. I tried it two years in a row. By not doing it anymore, yes I have a bit less overall but once u add up all th work that goes into making those few extra bucks a month it's really not worth it.
@@RanchoCarrasco did you consider how to legally pay less in taxes? In America and other places have things like that. Other places are tax havens. Just wondering.
@@kimecosx honestly I didn't look into it. When it was tax time, the accountant said....ok...you owe $5,600 in taxes. I said what!? Why TF? He said, well, u went ahead and kept making more money. You were right at the top of your tax bracket and went over to the bottom of the next bracket. So now you owe. I went to another place and did my taxes there and my tax bill only dropped to $5,500. So I said no way, i already paid taxes on this money I made and now I still owe $5,500. Nope, not doing this again. So basically well over half of the money I made went into taxes.
@@RanchoCarrasco well from what I understand in taxes in America, idk about Canada does the same but when it comes to businesses whatever you buy and spend as a business purchase or write off doesn’t get taxed or something, and when you spend everything you had into these business investments you’d only pay whatever you didn’t spend or something like that..I’m still learning this stuff so don’t take my exact words for it, because you should be constantly trying to understand this stuff anyways. But I can send you links to some videos I’ve watched that could explain better what I’m trying to say so you can benefit off their advice if you’d like.
Greedy and dishonest landlords, utilities, internet, etc. will drain your pockets, unless you move to a cheaper country, especially, if you are retired. Let go and let God always. Karma never loses an address. We reap what we have sown.
I’d like to point out that the anecdote about Steve’s and Jeff’s respective investing is simply not true. 10 years of investing 10,000 per year (~840/month) would yield approx. 150,000 at a rate of 7%. Assuming a rate of 7% net inflation (11% real) then this would be around 180,000. Compound interest is a powerful tool, but not that powerful. I like the content on this channel but please do not go down the route of misleading people.
Most people don't understand the concept of "buying the dip" buying the dip is all about buying digital assets when their prices are down and selling off when the price rises just as the current market is down. Holding is profitable, although trading is far more profitable.
Exactly how is some one able to invest if they can't even buy enough food. As a cashier their was a customer that would only buy a can of tuna that was all he could afford to eat he likely went with out food somedays or was always trying to get scraps from other people, I even saw a man that never changed his cloths once saw a half eaten candy bar in the trash reached in grab right in front of me started eating saying someone throw out a perfectly good candy bar.
@Jack Bill Don’t panic. Panic selling is often people's first reaction when market are going down, leading to a drastic drop in the value of their hard-earned funds.
We haven't earned interest at the bank in the USA since 2008. The stock market is not the answer...to anything. Life is one big game of billionaires taking selfies in the stratosphere. Climate change is real. CO2 levels...Bear market. ☹️ Enjoy the day.
The first reason: I cancel and uncancel streaming services line it’s my second job Hahaa. I hate giving my money away when I’m bored of the movies/shows
1) paying for unused service
2)not investing
3) ignoring opportunity cost
4) not paying strategically
5) working below your true limit
6) loosing money at work
7) by avoiding negotiation
8) thinking budget are evil
1) paying for unused service
2)not investing
3) ignoring opportunity cost
4) not paying strategically
5) working below your true limit
6) loosing money at work
7) by avoiding negotiation
8) thinking budget are evil
Uh welcome 😁
Hey! This is one of the best videos that I ever watched in my life! I wish that I heard in my 20's!
Credit card companies beg people to "go paperless"...perfect storm for not reviewing interest, spending patterns etc. I am spot on for #5, with no excuses. One must consider that sometimes those that make bigger $$$ have more responsibilities and headaches. Great video.
Find out how you're getting ripped off everyday without even knowing it. Stop getting taken advantage of and take back your financial freedom.
Your math doesn't make sense with Steve and Jeff. Jeff starts at 25 and retires at 35 after investing $10k per year.
Steve starts at 35 and retires at 65, after investing $11k per year. If everything is the same 10 years is 10 years. No matter what your age.
What you are saying only makes sense if they both retired at 65.
@@xenonsan3110 I agree. I don't consider that investing. It's a savings account with risk. Lol
Working below your worth and avoiding negotiations go hand in hand. If you take the first compensation offer youre given without giving a counter offer, youre telling the company “Im not worth getting paid very much.” You dont have to be conceited and ask for a million dollars, but know what the average salary for your position is paying, and be competitive with it.
If it's related to me, I suggest you go and get your money back. I didn't put up a for sale sign and was never for sale.
The little things that add up to make the big things. Don’t let those small things go unnoticed cause they really make all the difference!
Instead of creating bills, eliminate them. I own a couple acres, and own a 1956 Spartan Royal Mansion 40ft camper that used to be my grandparents. I have 8 solar panels and battery bank powering the whole thing. It helps that I love to fish and I'm close to 3 rivers. My largest bill is $35 a month for my phone, which I use for internet. My expenses is $90 a month not counting food or gas. I invest most of what I make. Of course I understand there's more than one way to skin a cat, but this is my way.
Impressive!
My gym costs £175 pounds a month. I go 4 times a week so I do get use out of it. On one hand I feel I am spending WAY too much and it's sucking money, but on the other hand because it's expensive I do keep going.
I would only do that as a way to get free water for showers cause people like to live in their rv or in their cars so honestly I think if you live like that I understand someone payin for a gym membership. Outside of that there’s other cheaper ways to get that same thing without the monthly payment cause they sneak in hidden fees every month if you never check. The motivation required is the same just the method is different due to your ability to have a creative approach.
Wtf??? I pay £21 a month for my membership it must be a Gucci gym or you’re being scammed
@@abethegamerful it's called f45 it's a good gym. Circuit training, body scanners, personal trainers and meal plans. It won't be forever, just until I learn the exercises and lose the weight I want!
I remember I had a membership for planet fitness and the last time I used it was 2019 and I stopped going because I got sick of the lunk alarm and all those stupid anti-judgment rules so I ended up forgetting about it it was still paying it for a few years until I lost my job and wasn’t able to pay it and it was finally canceled after a month of nonpayment and was happy. I went to download an app by accident that I had to pay monthly for and it charged me for the whole year and I figured out how to cancel the app and get my money back.
Do you know you can lower your cell phone bill just by calling your cell phone company and asking them to pay less. Also some vehicles insurances can lower your premiums just by asking specially if your credit score went up. Paying extra in things we don’t need is considered leakage.
Bank steal from us when we put money in the bank. So to avoid loosing money but rather growing your capital is by Investing. I started investing for over 4 years and have achieved a lot just from my investment, I own 2 houses with networth of over $3m
That’s great, can I know what kind of investment you invest in and what are your ideas ?
@@carmenbills2264 I'm into many investment schemes , but I have a top expert broker Ms Diana Alexandra Hunts, she manages and guides me in all my investments. I can recommend her ; she's the best investment manager I have worked with.
*you can make a quick research of her on the web with her name.* 👇
*You can easily get the necessary details about her and reach out to her.*
*DIANA ALEXANDRA HUNTS*
@@getitbig9142 I have a couple of dollars I want to invest but have made many lost. I'm scared; need someone to guide me here
The reason why I don't search for more income is because I already pay too much in taxes. I tried making extra money and it cost me more in the long run due to taxes, time wasted trying to make more money.
Lol that’s not how taxes work… tf?
Edited to add: In the USA at least. Not sure where you’re from.
@@wesleyskinner9477 Canada. I make just over $115,000 before taxes per year. So everything I make on a side hustle gets taxed super high. So making a few extra bucks and getting taxed so high just doesn't make sense at all. I tried it two years in a row. By not doing it anymore, yes I have a bit less overall but once u add up all th work that goes into making those few extra bucks a month it's really not worth it.
@@RanchoCarrasco did you consider how to legally pay less in taxes? In America and other places have things like that. Other places are tax havens. Just wondering.
@@kimecosx honestly I didn't look into it. When it was tax time, the accountant said....ok...you owe $5,600 in taxes. I said what!? Why TF? He said, well, u went ahead and kept making more money. You were right at the top of your tax bracket and went over to the bottom of the next bracket. So now you owe. I went to another place and did my taxes there and my tax bill only dropped to $5,500. So I said no way, i already paid taxes on this money I made and now I still owe $5,500. Nope, not doing this again. So basically well over half of the money I made went into taxes.
@@RanchoCarrasco well from what I understand in taxes in America, idk about Canada does the same but when it comes to businesses whatever you buy and spend as a business purchase or write off doesn’t get taxed or something, and when you spend everything you had into these business investments you’d only pay whatever you didn’t spend or something like that..I’m still learning this stuff so don’t take my exact words for it, because you should be constantly trying to understand this stuff anyways. But I can send you links to some videos I’ve watched that could explain better what I’m trying to say so you can benefit off their advice if you’d like.
Thank You
ALWAYS believe that good things are about to happen. By being open to new possibilities you are inviting abundance into your life.
Got to keep that positivity right? 😄
All of this makes sense.
Successs
975.000 share will not need 401k soon . I think you should had put saving on taxes people don't write off opportunity .
Taxes - a legal way of stealing your money
It’s called taxes rent bills
I invested in people.
Greedy and dishonest landlords, utilities, internet, etc. will drain your pockets, unless you move to a cheaper country, especially, if you are retired.
Let go and let God always.
Karma never loses an address. We reap what we have sown.
Cool
He is just telling us about idiots that don't know about money. Not robbery, just idiots that don't pay attention.
The background music is too annoying for me , I'm gone a minute in !!
*"It is not how much we have, but how much we enjoy, that makes happiness." Charles Spurgeon*
0:24 Unused services (gym membership etc)
2:40 Not investing
4:22 Ignoring opportunity cost
6:04 Not paying strategically
7:13 Working below your rate
0:24 Unused services (gym membership etc)
2:40 Not investing
4:22 Ignoring opportunity cost
6:04 Not paying strategically
7:13 Working below your rate
8:11 Losing money at work
8:52 Avoiding negotiation
9:53 Thinking budgets are evil
I’d like to point out that the anecdote about Steve’s and Jeff’s respective investing is simply not true.
10 years of investing 10,000 per year (~840/month) would yield approx. 150,000 at a rate of 7%. Assuming a rate of 7% net inflation (11% real) then this would be around 180,000.
Compound interest is a powerful tool, but not that powerful. I like the content on this channel but please do not go down the route of misleading people.
That also caught my ear. They definitely pulled that example from some website or something but got the details wrong.
This info is helpful as I am working hard to eventually be my own boss and financially stable
we lost our money from not investing it.
Like overspending and shopping 😂😂
Most people don't understand the concept of "buying the dip" buying the dip is all about buying digital assets when their prices are down and selling off when the price rises just as the current market is down. Holding is profitable, although trading is far more profitable.
Poor people think of what they can buy with their money, Rich people thinks of what they can invest in with their money 💰💰💰
The rich stay rich by investing and investing without stopping then the poor stay poor by spending like the Rich but yet not investing like the rich
Investing is a stepping stone to success, investing is what create wealth.
Recently, I invested in both stock and Crypto but currently I believe crypto is doing more better !!
The best thing to do in this period is to invest in silver and crypto
Uno oct 20 2021
Hello Clueless! Forty percent of consumers don't invest? Sounds like about the same amount Americans who can't earn a living wage.
Exactly how is some one able to invest if they can't even buy enough food. As a cashier their was a customer that would only buy a can of tuna that was all he could afford to eat he likely went with out food somedays or was always trying to get scraps from other people, I even saw a man that never changed his cloths once saw a half eaten candy bar in the trash reached in grab right in front of me started eating saying someone throw out a perfectly good candy bar.
" Save me Today, i will save you tomorrow " - Simple money rule everyone must live by
*There are more things, Lucilius, that frighten us than injure us, and we suffer more in imagination than in reality." - Seneca*
Investing in digital marketing is the only lucrative means of making money tqhis days
@Jack Bill Don’t panic. Panic selling is often people's first reaction when market are going down, leading to a drastic drop in the value of their hard-earned funds.
It's important to know your risk tolerance and how it will affect the price fluctuations called volatility in your portfolio.
Investors can protect themselves from market risk by hedging their portfolio by trading with a strategy
How do I contact Mr. Hines ?
▆ ▇ █ ＋❶❹❻❾❹❶❹❼❹❺⓿
My money is stolen from me every day bc I don't budget? How far does click bait go with this silly channel?
108commenjs
Investing in crypto right now should be at every wise individuals list. In few minutes you'll be ecstatic with the decision you made today
I'm so excited☺️ my life is totally changed. I've been earning $10,250 returns from my $4,000 Investment every 13 days
@Ariane Pillay I just sent him a message and he responded. Thanks a lot!
I wish this video existed 35 years ago and I saw it then, when I was a teenage dumb-ass totally clueless about finances……..
It's never too late :)
I am first viewer pin my comment.
God bless you.
Lol, perhaps one day :)
I like your videos brother keep going we want be more financially literate to live a happy and prosperous life.
We haven't earned interest at the bank in the USA since 2008. The stock market is not the answer...to anything.
Life is one big game of billionaires taking selfies in the stratosphere.
Climate change is real.
CO2 levels...Bear market. ☹️
Enjoy the day.
The first reason: I cancel and uncancel streaming services line it’s my second job Hahaa. I hate giving my money away when I’m bored of the movies/shows