Damn bro, wish i learnt about this when i was in my early 20s, im now 34 with 4 kids and... well working hard, living off paycheque to paycheque. When i was 18 my branch manager insisted i invest my money in shares as i work for Mainfreight, damn i wish i listened instead i was all about the nice cars, shiny mages and bass for sound systems.... your videos have helped me, started investing on August 2019 :) keep it up bro, your videos mean alot to me and d family man...
Let that go mybro, time to travel to the moon with regards to starting new and taking those first few steps. Maybe them 4kids can reap the rewards of that tree you are now planting. I’m the same my Toko but that hasn’t deterred me from investing. I’m deep in the EV sector I,e Tesla Nio Hyliion etc keep going get that coin invested and do your DD
Great video, something I wish to add is that health is a person’s biggest asset, without good health you can’t go to work and you start to have medical expenses in the long term. Look after yourself buying proper foods and staying active with a reasonable gym membership - always invest in your health.
Yessir! Indeed i told myself to live like a high school kid at the age of 25 and i managed to save with that tip alone. Basicallly avoiding spending, eating out, avoiding drinks etc.❤
About car, we do indulge now as we are mortgage free. We manage to become mortgage free for being frugal, have only 1 kid that we can afford to feed, work both full time, I work night shift, hubby works day shift so we don't need to pay childcare. We look after our son 50/50. Now Mortgage free life is a little bit relax. Time to pamper ourselves. And I don't work night shift anymore since becoming mortgage free.
Great tips, ones I also live by, me and my wife have just saved up 200k over 4 years living frugally, increasing our income (getting better jobs) but keeping our budget the same. The next step is now to invest!
It’s vital to earn as much money as one possible can - then savings become easy as pie. What i mean by savings, is saving 40-65% of your income (if higher then its way easier). Remarkably, i did it get this until i started working 2 jobs and thus getting higher income. Currently working on having at least 100k invested in stocks and by paying down my mortgage way early. Earnings and earnings-power over one’s lifetime is key.
Great video once again! Although I think with little expenses there is potentially more saving opportunity. I know it's cliche but I reckon not drinking bought coffee most days can actually save you a good chunk of cash. I think most people think pretty carefully about their big ongoing expenses and not so much about impulse purchases that really add up.
So true. At work we have free meal and coffee, still my co-worker spend money on energy drink from next door petrol station or ice coffee from Mcdonalds. Or ciggies and weed or tattoos. I just don't get it. In my mind, if they want to become homeowner instead of renter they need to be a little bit tighter on spending. It is none of my business though that is why that is only in my mind never say that to them.
The first method is the very same plan I saw on Oprah way back around 1990 I think and boy does it work. She had it explained a little different but same thing. We saved 60K in a very short period of time approx 2 years from memory. Sadly we went away from it and I wish we didn't. There was also the credit card savings plan.
Tom just reminded me, 'Setting a Goal' Now I think about it, that is why we went away from the plan. We reached the 60K Goal and din't set another one after that.
Avoid expensive cars, they depreciation the most. You pay more than what you brought it for with interest. You lose money when you sell. Avoid credit cards. Payments could be Savings to your account. Stay home at home as long a possible. Much cheaper.
Ive got automatic payments from my main chequing account, the day after i get paid. One payment goes to a savings for fun stuff like for festivals or holidays, one is for savings for money I may need on hand, ie im saving for a car, and the other goes straight to my sharsies to be invested. I use to basically bleed money until i heard the pay yourself first advice.
Life style creep is my biggest issue... I'm a competitive archer so I tell people I'm a poor man playing a rich man's game but I'm also a musician so money pits are everywhere for me...
Great video, Thanks Tom. For me the most powerful would be a combination of living frugally with saving all that excess cash. But im afraid that might only be acomplished once debt is under control. What do you think?
Personally I really don't have any debt besides a small amount of interest free student loans which will be paid down gradually over time (since it's interest free, it makes sense to pay the min. amount and invest surplus rather than paying down debt). If I had a mortgage, I'd probably be paying that down fairly aggressively right now with limited stock investment opportunities. If your interest rate is say 5%, I think that make more sense than sitting on cash. Any high interest debt needs to be handled ASAP. But that's just my opinion!
Hey tom hope you are good bro... i like yours videos brother👍🏻👍🏻 keep it up... i want a little favour that can u please make a video in which you can show us how to buy a share in nz from any app and how to invest in nz market .. Thanks
Hey everyone! So recently i just joined one of my friends side business that she does and omg the amount of money ive seen her make in 21 days is ridiculous!! 🥰😍 so ive decided to get in on it as well and see if i can make something out of it, so if anyone is interested on knowing more or wanting to earn a little something on the side let me know ☺️
I was at a retirement seminar and the speaker spoke on how he quit his job after he made well over $950,000 PROFIT within 3months he invested $120,000. I just began investing and i will really appreciate any tips or helpful guide.
Tip; I’m a new investor as well and I use a broker Joanna Maliva Lee, she’s been guiding me with my investment since I began Late Dec and I’ve been able to accrue a profit of $426,000 with a principal of $85,000
@@patriciaclark3273 Wow I always wanted to invest with a professional but I never knew how to go about it please how do I reach Joanna and how does she help investors
@@patriciaclark3273 hey thanks for sharing, I just looked her up found her website and left a message, hope she replies soon. I really want to make some profit of this.
Great work brother ! Fellow Kiwi on the same journey . A lot earlier in the journey first video out appreciate if you check it out and cheeky like or comment wouldn’t go unnoticed . Literally we only have two . Haha but a subscription would be insane . Anywa keep the content coming !
Damn bro, wish i learnt about this when i was in my early 20s, im now 34 with 4 kids and... well working hard, living off paycheque to paycheque. When i was 18 my branch manager insisted i invest my money in shares as i work for Mainfreight, damn i wish i listened instead i was all about the nice cars, shiny mages and bass for sound systems.... your videos have helped me, started investing on August 2019 :) keep it up bro, your videos mean alot to me and d family man...
Tua Ropati thanks for watching man, glad I could help! Plenty of time left yet 😉
Let that go mybro, time to travel to the moon with regards to starting new and taking those first few steps. Maybe them 4kids can reap the rewards of that tree you are now planting. I’m the same my Toko but that hasn’t deterred me from investing. I’m deep in the EV sector I,e Tesla Nio Hyliion etc keep going get that coin invested and do your DD
Yeah exact same thing man. Was all about that car life now here I am in my 30's living week to week
@@greylynn-snakevenom113glc7 niiiice!! Mean thank you for the kind words of motivation!!
whats some good places to invest in?
Great video, something I wish to add is that health is a person’s biggest asset, without good health you can’t go to work and you start to have medical expenses in the long term. Look after yourself buying proper foods and staying active with a reasonable gym membership - always invest in your health.
Erno Chen yes! Physical and mental health 🙂
that's hard to achieve living on 2 minute noodles!
Yessir! Indeed i told myself to live like a high school kid at the age of 25 and i managed to save with that tip alone. Basicallly avoiding spending, eating out, avoiding drinks etc.❤
Avoid lifestyle creep. Love that. Love your book recommendations. The Dhandho Investor is phenomenal. Great video you earned a sub
MySweetLuck thanks x 3! Really appreciate it and thanks for watching!
About car, we do indulge now as we are mortgage free. We manage to become mortgage free for being frugal, have only 1 kid that we can afford to feed, work both full time, I work night shift, hubby works day shift so we don't need to pay childcare. We look after our son 50/50. Now Mortgage free life is a little bit relax. Time to pamper ourselves. And I don't work night shift anymore since becoming mortgage free.
Great tips, ones I also live by, me and my wife have just saved up 200k over 4 years living frugally, increasing our income (getting better jobs) but keeping our budget the same. The next step is now to invest!
Amazing work!
It’s vital to earn as much money as one possible can - then savings become easy as pie. What i mean by savings, is saving 40-65% of your income (if higher then its way easier). Remarkably, i did it get this until i started working 2 jobs and thus getting higher income. Currently working on having at least 100k invested in stocks and by paying down my mortgage way early. Earnings and earnings-power over one’s lifetime is key.
Great video once again! Although I think with little expenses there is potentially more saving opportunity. I know it's cliche but I reckon not drinking bought coffee most days can actually save you a good chunk of cash. I think most people think pretty carefully about their big ongoing expenses and not so much about impulse purchases that really add up.
So true. At work we have free meal and coffee, still my co-worker spend money on energy drink from next door petrol station or ice coffee from Mcdonalds. Or ciggies and weed or tattoos. I just don't get it. In my mind, if they want to become homeowner instead of renter they need to be a little bit tighter on spending. It is none of my business though that is why that is only in my mind never say that to them.
@@snowsansa1527 Absolutely agree with you there!
Oky I will do that thank you to you
The first method is the very same plan I saw on Oprah way back around 1990 I think and boy does it work. She had it explained a little different but same thing. We saved 60K in a very short period of time approx 2 years from memory. Sadly we went away from it and I wish we didn't. There was also the credit card savings plan.
im gonna do this now while im still young....
Which of these principles do you think is the most powerful?
saving in high interest rate account, awesome man. could u tell us which "high interest rate bank account" u did choose??
Tom just reminded me, 'Setting a Goal' Now I think about it, that is why we went away from the plan. We reached the 60K Goal and din't set another one after that.
Thank you for educating me on what I can do to be alil more money savy
Avoid expensive cars, they depreciation the most. You pay more than what you brought it for with interest. You lose money when you sell.
Avoid credit cards. Payments could be Savings to your account.
Stay home at home as long a possible. Much cheaper.
i grand good tips. I do use a CC for the airpoints but they’re definitely a trap if you’re not careful about it
Thanks so much for your videos,I really need help on investment😊
Ive got automatic payments from my main chequing account, the day after i get paid. One payment goes to a savings for fun stuff like for festivals or holidays, one is for savings for money I may need on hand, ie im saving for a car, and the other goes straight to my sharsies to be invested. I use to basically bleed money until i heard the pay yourself first advice.
James love it man. Awesome work!!
Life style creep is my biggest issue... I'm a competitive archer so I tell people I'm a poor man playing a rich man's game but I'm also a musician so money pits are everywhere for me...
Great video, Thanks Tom. For me the most powerful would be a combination of living frugally with saving all that excess cash. But im afraid that might only be acomplished once debt is under control. What do you think?
Personally I really don't have any debt besides a small amount of interest free student loans which will be paid down gradually over time (since it's interest free, it makes sense to pay the min. amount and invest surplus rather than paying down debt).
If I had a mortgage, I'd probably be paying that down fairly aggressively right now with limited stock investment opportunities. If your interest rate is say 5%, I think that make more sense than sitting on cash. Any high interest debt needs to be handled ASAP. But that's just my opinion!
Also, thanks for watching :)
Where would you suggest being the best places for compounding interest in Nz bro?
high interest account ?? is that a thing ??
Varun Chawala 😂 highest you can find!
Not in new zealand
Hey tom hope you are good bro... i like yours videos brother👍🏻👍🏻 keep it up... i want a little favour that can u please make a video in which you can show us how to buy a share in nz from any app and how to invest in nz market .. Thanks
Love this!!! Thanks for the tips 👌🏼😁
Jana Leigh thanks for watching!
Great video. Thanks!
the video image is too poor, you need to fix it more
Tnx for advice
I'm trying to learn how to save because I was stupid and got an overdraft that I'm trying to pay off.. 😅
Hey everyone! So recently i just joined one of my friends side business that she does and omg the amount of money ive seen her make in 21 days is ridiculous!! 🥰😍 so ive decided to get in on it as well and see if i can make something out of it, so if anyone is interested on knowing more or wanting to earn a little something on the side let me know ☺️
wheres your cheap rental in nz? cos i dont see it lmao
I was at a retirement seminar and the speaker spoke on how he quit his job after he made well over $950,000 PROFIT within 3months he invested $120,000. I just began investing and i will really appreciate any tips or helpful guide.
Just seek professional help from a mentor or a financial adviser.
Tip; I’m a new investor as well and I use a broker Joanna Maliva Lee, she’s been guiding me with my investment since I began Late Dec and I’ve been able to accrue a profit of $426,000 with a principal of $85,000
@@patriciaclark3273 That's wonderful, i've always been told that investing with an expert has it advantage but i have no idea how to find one
@@patriciaclark3273 Wow I always wanted to invest with a professional but I never knew how to go about it please how do I reach Joanna and how does she help investors
@@patriciaclark3273 hey thanks for sharing, I just looked her up found her website and left a message, hope she replies soon. I really want to make some profit of this.
But what has future me ever done for past me? F'n nothing!
Colin Campbell 😂😂😂 such is life
are you a full time youtuber ?
Rohit Nirale I wish! Just a side gig 🙂
@@InvestingwithTom ok
Rohit Nirale no problem. Thanks for watching 🙂
Great vid mate
Thank you!
Common sense is easy. Common action is hard.
Liked and subscribed
Shot bro
Great work brother ! Fellow Kiwi on the same journey . A lot earlier in the journey first video out appreciate if you check it out and cheeky like or comment wouldn’t go unnoticed . Literally we only have two . Haha but a subscription would be insane . Anywa keep the content coming !
Beers n Shares you got it 😉 Keep up the good work!