How to Trick Your Brain Into Saving Money Effortlessly
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- Опубликовано: 29 июн 2024
- I'm going to show you how I tricked my brain into saving more money. By using different strategies and techniques, you can make saving money more fun and less boring by turning saving money into an actual game. I'll be sharing some gamification examples to show you how you can do this in your personal finance and saving routine.
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0:00 I hated saving money for years...
0:23 Why does this always happen?
1:24 The first thing you actually need to do
4:09 The boost cycle
6:23 Why are you so excited to do this?
7:40 The trees
9:40 Are you just hoping for this?
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All opinions expressed by Vincent Chan are solely Vincent Chan’s opinions. You should not treat any opinion expressed by Vincent Chan as a specific inducement to make a particular investment or follow a particular strategy, but only as an expression of his opinion. Vincent Chan’s opinions are based upon information he considers reliable, but does not warrant its completeness or accuracy, and it should not be relied upon as such. Vincent Chan is not under any obligation to update or correct any information provided. Vincent Chan’s statements and opinions are subject to change without notice.
Past performance is not indicative of future results. Vincent Chan does not guarantee any specific outcome or profit. You should be aware of the real risk of loss in following any strategy or investment discussed. Strategies or investments discussed may fluctuate in price or value. Investors may get back less than invested. Investments or strategies mentioned may not be suitable for you. This material does not take into account your particular investment objectives, financial situation or needs and is not intended as recommendations appropriate for you. You must make an independent decision regarding investments or strategies mentioned. Before acting on information, you should consider whether it is suitable for your particular circumstances and strongly consider seeking advice from your own financial or investment adviser.
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I see so many likes on other comments, but this one is a game changer and one step closer to getting my financial literacy in order. This spread is an amazing start and FREE. Please continue making informative content for us, please and most of all THANK YOU
The fact that you make your own “stock” videos instead of just pulling ones from the internet just tells me that you’ve put a lot of personality in this. Keep it up
yeah he really made Forest Gump i mean can you believe it?
@@AllTheArtsyi believe it
Anyone else an item hoarder in RPGs that never use their consumables early game?
I want to do this in real life lol, hopefully this video can help
Lol totally me
Elden ring? Yes
All games funny enough since i was a kid.. But including elden ring for sure... Imagine all the stat increase items in rpgs.. ( +1 str.. Ect ) never use... I even used to farm till i had 99 of the first healing items early game ( ff7 "potion" as example ) never would use close to that much lol
🙋♀️🙇♀️
I LOVED the video game references here. In a lot of ways, personal finance is a game in and of itself so I really related to this one. Excellent work as always man!
YES! I agree! For me, building wealth was a game from the start. Cutting expenses, maximizing value on any spend, and building savings were their own rewards. Goals are important to work toward.
"In real life no one knows what you're working towards" hit me hard. That's a tough one, striving and working so hard towards any given goal while no one else has any idea. Nobody cares, and it makes it almost impossible if you let yourself cave to the comparison game. Someone else will always have more. Someone else will always be better. No one cares about what I've accomplished or what I'm working towards.
This man's level of connect with his audience is next level.
I removed online shopping apps from my phone. Really helps.
Love the game application to real life. Creating my quest journal. Benchmarking my life against my life and NOT someone else’s.
Thank you!
For me, Fallout 4 on survival mode helped me a lot with the mindset of saving money. You can actually invest in Fallout 4 by storing valuable items rather than selling them right away. As you increase your charisma, gain armour that boosts your charisma, gain perks that help bartering, and use items to boost your charisma when you make sales, you can VASTLY increase the amount of caps (money) that you have. Some items are worth selling right away but many aren't. They are assets to collect and use if needed. If not needed and you continue to amass huge quantities of items, your character can become obscenely rich and you will be able to afford everything in the game without any problem. That's not even mentioning side hustles like purified water farming, chem peddling or just flat out collecting all the junk you can find. If you put away as much as you can for the end game and cash out when your character can get the highest return, you will, in theory, be sitting on a nearly limitless pile of caps as you liquidate your assets. You also tend to want to use as few of our assets as possible so they can "appreciate" so you play fairly modestly and find ways to limit the caps your have to spend (aka limiting your expenses and liabilities). I started to learn to do more with less and found enjoyment in it too. Now I pretty much practice the same mentality IRL and I have a significantly higher net worth than ever before.
I needed this video in my life right now. Thank you for producing it.
I have watched so many videos about saving money, but this one is completely different. These are so practical and that analogy of comparing your life with a video game is top notch! 💯 also that sacrifice-save-invest strategy is awesome. will probably start saving/investing my income and reward myself with something which doesnt drain those savings.
Love this! Saving up and leveling to just be super OP is always the greatest feeling. Adding that to personal finance is such a good concept!
I feel investors should be focusing on under-the-radar stocks, and considering the current rollercoaster nature of the stock market, Because 35% of my $270k portfolio comprises of plummeting stocks which were once revered and i don't know where to go here out of devastation.
Safest approach i feel to tackle it is to diversify investments. By spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown
Absolutely, diversifying your portfolio is crucial. While reliable stocks form a strong base, exploring other assets helps in spreading risk. I can personally vouch for the effectiveness of this strategy with the help of professional guidance-I've witnessed my portfolio, starting at $330k, grow by 15% this year alone. Perhaps it's worth considering a similar approach for your investments.
@@maryHenokNft this is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation
It's difficult to provide extensive details, as I have entrusted my portfolio to a wealth advisor named *Camille Alicia Garcia* based in California. Her basic information is publicly available online, so I suggest researching her for further details.
Appreciate this recommendation, hopefully I can get some insight to where the market is headed and strategies to beat the downtrend with when I hear back from Camille.
I've been looking for something that could help gamify my life. You put in a lot of great effort, thank you for this!
Vincent, your videos are just mind-blowing! They have a tremendous impact on my life. Thanks for the amazing content!
Very good video Vincent! Nice to see an interesting different take on managing finances.
I'm really enjoyed this video. Thank you for putting this together ❤
I’m going to reward myself with an exotic rental once I pass my real estate exam this month. That will motivate me 100%
Update I passed, drove a cayman GT4 this weekend, life is good
@@cr4zym3x1c4ngood job bro!
Congratulations 🎉. I have to start back up and get my license. I stopped after failing twice in Illinois. Any studying rips and math tips will be greatly appreciated. God bless you!
This video makes so much sense. Thank you so much for making this.
I’ve been utilizing this sort of concept for years. I’ve always loved RPGs so it was a natural transition. I can’t even play video games anymore because it makes me want to level up my real life.
You just earned yourself a new subscriber I love this video! Good explanation 😤🙌🏼
What a video! RPG games (especially Skyrim) were always my favorite growing up; and it does parallel to finance in lots of ways
This was a phenomenally helpful video! I'm going to start using this method
This was a really cool way to see your life and look at taking on side quests so you don’t aimlessly go thru life
I love the way you express yourself this is so beautifully crafted. And incredibly educational and creative. Thank you
Thank you so much!
Can’t thank you enough for these videos!
I love the Runescape references! Great analogy and strategies. The best tip I would offer beyond this is to AUTOMATE the saving processes.
Also automating in general! Budgeting out the fixed expenses and setting those on autopsy, keeping that buffer of 1-2 months expenses in your checking, and that way you're only thinking about and handling the leftover
Love the insight, I'll start my quests today.
awesome video, and awesome metaphor. 100% implementing this life tracking technique now
I remember when I was a kid, my cousin saved up $35K and bought first house cash when they got married. Back then that seemed like a million bucks. Inspired me to save at a young age.
Loved this video, but how do you feel about a system where if you set money goals like :save 1000$, spend 100$ on a thing you have on a "want list", and invest the rest? I feel like when i have something specific i can save for i tend to be more successful, and when i am saving for something i can't feel or touch i'm not successful.
Same here
Probably my favorite video 😊 thank you for this and all of the gamer connections!
This was a very well made video thank you. This resonates with me so much.
Great video! Love the way you put everything
I appreciate your channel so much! I’m late to the party but I’m glad I’m here.
This video is stunning, cannot believe I have never thought on this reference with videogames. Thank you so much!!
After watching this I kinda want to make my life into a game. All things I do that helps me in life gives me points and then tracking that. I wonder if it would work to help me
Thank you Vincent for the very interesting way of looking at saving money! I like your totally unique perspective.
Since a opened my Robinhood account, funding it to buy shares of stocks and funds is my favorite thing to do with money! Every time I think of buying something, I remember how much I can grow my account 😂
This is the 1st time i stumbled upon your videos and this is VERY RELATABLE
Well done on breaking it down 👍🏻 amazing content
Thank you very much & keep it up 💙
Wow, i kinda naturally started doing some of these things cause im obsessive and results driven.
I never thought about how it compares to video games! I will be sharing this video fir sure
Great video and very motivating. My quest is beginning now
Been binging your content all week but THIS one speaks to my nerdy soul ,thank you sir
Wow, thanks!!
Wow, amazing video and references. Great stuff here.
This video is really good, you did great !
Finally, something that I can relate to ❤ Thank you for this video.
Thank you for this. 😊
as someone whose main mode of procrastination from grad school work is video games, this helped put things in perspective a lot!
I love this! Thankyou
You have no idea how in love I am with this RPG/ Quest Log analogy. This is a great way to roadmap our way to our objective.
Best video games in one video about money... I'm impressed 😁
Thank you for making this analogy with video games!
Nice video Vincent, thank you.
Even a 12 minute video is becoming difficult to complete on 1.75x speed, attention span for myself has narrowed do much!!
I'm not even a gamer but this video was amazingly done. I watched it twice. I just can't figure it out, somehow you managed to lace it with some addictive substance. Well done!!
This is so motivating for me to save more. My own quests!
Thank you for this video.
Great video I believe everyone needs to Live below their means" adjust your lifest, be frugal, budget, save and invest. This helped me out as a 6 figure earner. I've grown over a million in retirement savings with this method
I agree. Three years ago I made modest changes and ‘found’ more than $3K annually. Since then I’ve inched things downward over $650 not counting my now paid off mortgage. This week I switched my internet and cell payment plans to prepay and based on my long record of autopay was given a bill reduction. Not huge, but the approach has me saving $840 this year when I thought there was nothing more I could do.
LOVE this!!!
Thank you Vincent
Awesome video 👏🏽
LOVE this analogy!
Just be born as an immigrant and you all set. Worked for me flawlessly
This is MKBHD level. What a great video!!
This is a great analogy!
Fantastic video.
The video game reference is something I've never looked at before. Thank you
Exceptional video. I believe "Time" gets the best of most people. People simply hate waiting. I believe those who can endure the wait..... Have the advantage. Everyone says time flies. Sure When you're looking at the rearview mirror.
Thank you
Quality video❤
Life is like a game..Thank You fellow gamer and a saver
I love this idea, personally I am trying to turn my life around to from the beginning of this year. I set goals for myself and tonight I will stay in a hotel with my wife to celebratie what I achieved. I have more salary, I have lost 15 kilo, I started investing, I finally rebuild my buffer and I have start doing drivers lessons.
finally money saving that makes sense!
UNIQUE! CONGRATS!
As a gamer, the relations all these game references made this a very fun and educational video. Thank you!
everyone always says buy assets but no one says what to actually buy, nothing you can buy in my view can generate money back in your pocket quickly with only 1k
Great video
“In real life you’re just… you” damn that one hurt bro
Ty
I see RuneScape, I drop a like. Well done Vincent haha
As a gamer I finally Find a financial video that makes sense to me - thank you
Chase bank has a monthly spending/savings chart. Great tracker for your goals
Notion and Apple notes? Todoist and Tick Tick; 😂 I feel a little bit of productive procrastination here no? In anyways, beautiful and very instructive video!
He mentioned runscape automatic like
I don’t have caps big enough to say AMAZING VIDEO
I loved this video
I felt attacked especially when you used a OSRS clip, lol... Great video.
i was playing osrs when this video came out from nowhere lol
Good Job, ty
Runescape clip? Instant sub
Treat life like a video game. To stop the bad guy gain allies, acquire new skills, and get rewarded for each triumph.
In real life start a hustle even if you only earn an extra $100 a month.
Example: you save $1000 in a month. Then spend more than half of the money you earned.
Get variety in life. New foods to try, new activities to try, invest in between $50-$200 into a Company,
Don’t Procrastinate just slow down instead. For instance, $5000 could be invested, go into a new car, or a college course.
Need to see visible progress. Do Brain Teasers.
I don't play video games so its hard to relate to your references 😅 nevertheless, thank you for sharing your insight on saving money bc its such a struggle for me.
Anytime I get 1k K.O.s in Dynasty Warriors, the cheesy sounding voice of a random character will tell me how awesome I am. I'd like that reward whenever I put another 1k away in the bank please 😂
I'm all seriousness, great video and fun parallels you drew. Thank you for this 🥳
haha thank you so much :) It has been SOOO long since i played dynasty warriors. how's the game nowadays?
@Vincent Chan anytime! Love your videos 😊 It is pretty much the same but with better graphics, more ability to free-roam and a handful of new characters. Still great if you like the franchise 😉 Cheesiest English voicelines ever though (Zhou Cang's are so bad they're great 😂).
I already do that (saving for a specific thing) and putting the progress in an excel. BUT I HATE IT. I just wanna spend money to travel. I only have to do it for another 6-12 months, thank god.
I just stopped going out and i stayed home and played video games for 3 years and i paid down my bad debt with all the money i didnt spend lok
Ha! Never thought about it this way
You have to grind when playing video games to level up your character to God tier mode. But sometimes in video games you can get to the end with just the bare minimum. That's if you master the basics and avoid getting hit. Some games won't let you do that until you unlock a particular skill
This is genius
The problem with this concept that I have is that games have an algorithm, life is unpredictable.
You got me, now I'm gonna play my Switch again xD