25% of People are Making a Stupid Choice with Money. Here’s Why.

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  • Опубликовано: 8 май 2024
  • There are so many quick traps we can fall down when we are trying to save, budget, and spend our money. It often makes us STUPID with our money. Let's change that in today's video. 📊 Get The Ultimate Transaction Register - track your budget the real way ► averagetoamazing.com/download...
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    Are you making smart money moves? Find out in this video about budgeting for beginners and improving your financial habits. Don't be part of the 25% who struggle with money!
    #smartmoney #financialeducation #financialfreedom
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    *Disclaimer: Bob is not a financial advisor. Please contact a professional financial advisor prior to making any decisions. Some of the links and other products that appear on this video are from companies in which Bob Sharpe earns an affiliate commission or referral bonus. Bob Sharpe is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available.

Комментарии • 30

  • @BobSharpe
    @BobSharpe  23 дня назад +2

    📊 Get The Ultimate Transaction Register - track your budget the real way ► averagetoamazing.com/downloads/ultimate-transaction-register/

  • @krakken11354
    @krakken11354 23 дня назад +13

    at some point I just don't care what others think anymore

    • @BobSharpe
      @BobSharpe  23 дня назад

      That in itself is smart!

  • @Tothamoon
    @Tothamoon 23 дня назад +11

    I’m smart all the way up until payday 😅

    • @BobSharpe
      @BobSharpe  23 дня назад +2

      😆😆 I feel that!

    • @RobertBeedle
      @RobertBeedle 18 дней назад +1

      Hey, that is like 90 percent of the time. You're doing good 😂

  • @Sylvan_dB
    @Sylvan_dB 23 дня назад +4

    The best money tracker I ever used, was a simple 3x5 spiral notebook. It was easy to carry so I could record every expense when it happened, durable enough, and quick to use without causing a distraction. It seems like a phone would be good since I always have it, but in practice every time I turn on my phone I get distracted and may even forget to do what I intended when I started.

  • @Sylvan_dB
    @Sylvan_dB 23 дня назад +4

    The pictured "hunk of junk" car looks like a serious sleeper to me...

    • @BobSharpe
      @BobSharpe  23 дня назад

      It was a tough ride 🚗

    • @evasanz3466
      @evasanz3466 23 дня назад +1

      That car restored would turn heads

  • @marcsarfati3291
    @marcsarfati3291 23 дня назад +3

    99% of gamblers quit before hitting it big.

    • @supreme5998
      @supreme5998 23 дня назад

      Mostly because they go broke.

  • @bobpoland6042
    @bobpoland6042 22 дня назад

    We shut our cable and net off about 6 years ago when the bill hit $205 pm !!! We use out ph for everything now. It's faster and I cast it to my TV:-) less than $70 per mo unlimited everything for us seniors here in fla :-)

  • @pab6069
    @pab6069 22 дня назад +1

    I can relate to that.👍

  • @Martin_Edmondson
    @Martin_Edmondson 23 дня назад +1

    I'm in Japan, and the melons are not like the ones in the picture.
    Yes, they are expensive but they are given as a gift, say if you visit someones house or something, a little like a bottle of wine.
    Some are $200 but most are about ¥5000 ($35)
    They also taste amazing. People don't eat them on the regular.
    Split between 8 or so servings the price is not too ridiculous, I maybe eat them once a year or so if I am lucky.

  • @RobertBeedle
    @RobertBeedle 19 дней назад +1

    25% seems 🤔 statistically low.

  • @johnchappell1261
    @johnchappell1261 23 дня назад +1

    STORY Rc cars. Great deals and limited editions. I could almost double the money spent because of the value after cars are sold out initially. Lol

    • @BobSharpe
      @BobSharpe  23 дня назад +1

      Thanks for sharing! Have they paid off? I bet the limited editions is really where is at.
      Not quite related but I have a ton of Hess trucks that were initially bought with the idea of being a collectors item. Turns out it’ll probably take another 50 years to be worth much of anything 😅

  • @jordantaibi4910
    @jordantaibi4910 23 дня назад

    I think it is driven by wanting to be better than others or keep up with others. No worse feeling than seeing someone you grew up with driving a nice new car (that you know they spend $700 a month for 72 months for) but you are stuck with your $6000 sedan that has hail damage. This is what makes us American's decide to get that "new car"

  • @lj158
    @lj158 19 дней назад

    This is a dumb question, but for ETFs vs Stocks, if you bought the same stocks at the same percentages for an ETF like schd... would you make the same amount or more over time?

  • @Nonblau
    @Nonblau 23 дня назад

    I am still young (16), so do you think this also applies to me the same, for example at the age of 30?

  • @calminginspirationalmusic7139
    @calminginspirationalmusic7139 23 дня назад +2

    $200 for fruit???!

  • @pdxmusl1510
    @pdxmusl1510 23 дня назад +2

    I don't get that shoppers high. Never have. I hate spending money. So for me it takes a lot to get my wallet to open. Like your car example. Never been tempted by that car. Not to say I haven't made bad purchases. But usually. When I buy a car. I've litterly researched it for years. I do not understand impulse buying. My brain does not work that way. The more pressure to buy. Or that charismatic sales person. Those things make me stop. Lock up my wallet. And completely loose interest in purchasing anything. All your sales and marketing techiques. They work against you on me. I either ignore everything you say and do my own research. Or I remember everything you say. Research what you've said. And I will hold it against you when your wrong. And not buy. I do not trust anyone in sales and I assume they are lying 120% of the time. It works more in your favor to say nothing. And remove yourself from the situation. Your more likely to cause me to delay purchasing. Or. Prevent me entirely from purchasing.

  • @RobertBeedle
    @RobertBeedle 18 дней назад

    I seriosuly want the hunk of junk car

  • @brandonjonesjr.3898
    @brandonjonesjr.3898 23 дня назад +1

    Is Over-Investing a bad thing?

    • @evasanz3466
      @evasanz3466 23 дня назад

      Depending on where you invest your money.
      Index funds? Crypto? Individual shares?

    • @teresahunt5521
      @teresahunt5521 22 дня назад

      If you're investing hoping to make 8% while making minimum payments on a 29% credit card balance, you're overinvesting.