A Simple Japanese Money Trick to Become 35% Richer
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- Опубликовано: 25 июн 2019
- We all know how money has a magical ability to disappear overnight, right after payday. But it looks like the Japanese know the secret to make it stay in your wallet longer, and even multiply there. Today, their method of budgeting is growing popular all over the world.
A hundred years ago, Japan was a traditional agricultural country - nothing like how we know it now. How did it manage to become the most technology-savvy country, with a developed economy and one of the highest living standards? One of the reasons is the high financial competence of the Japanese themselves. They’re experts in personal finance. They use Kakeibo. So what is it?
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TIMESTAMPS:
Why listen to the Japanese? 0:29
What is Kakeibo? 1:05
Questions Kakeibo is based on 2:28
How to draw up a Kakeibo style budget 2:42
How can you spend less? 5:05
How to save even more 5:49
❗️ Why it's important to write by hand 7:44 ❗️
#savingmoney #Japan #brightside
Music by Epidemic Sound www.epidemicsound.com/
SUMMARY:
- Japanese are experts in personal finance. They use Kakeibo. Which means they don’t buy that third handbag in 2 months and manage to save up to 35% of their income.
- “Kakeibo” translates to “household account book.” It’s a notebook where you write down your income and expenses. Long before any financial apps or digital tables appeared, the Japanese had this system of writing up a budget.
- No apps, no technology, no tricky calculations. That’s the point: you rule out everything that’s not necessary and focus on your habits and decisions.
- Kakeibo appeared in 1904 and grew popular thanks to the first woman journalist in Japan - Hani Motoko, who sold it to a wide audience.
- To draw up a Kakeibo style budget, you’ll need 2 notebooks - a big and a small one. You’ll use the big one to write down your income, and plan expenses and savings.
- You’ll need to record all the money you get as income: advance payment, salary, debt return, money you get from selling a secondhand laptop, etc.
- You write down how much money you’d like to put in a money-box or a savings account. It’s important to decide this amount before you start planning your expenses.
- A monthly expenses plan. Here, you write down your common expenses: utility bills, apartment rent, mobile and internet bills.
- At the end of each month you’ll analyze if you’ve managed to follow the plan and save or spend extra money.
- Put all the returned debts to the money-box. In fact, it’s not an income. You just get back money that was taken away from you before. After all, you’ve managed to live without it all this time.
- Every time you buy something, round the sum up. Say, if you have a $74 bill, round it to a $100 and put the other $26 into the money-box. It's a great tool that'll allow you to save daily.
- Work out a system of penalties for yourself. You can “punish” yourself financially for bad habits like skipping the gym or having an argument with a partner or friend.
- Always make a shopping list before you go to the supermarket. This piece of advice is as old as the hills, but who actually follows it? Kakeibo fans do, and it works for them.
- The writing process activates the part of the brain that lets the information pass directly into memory.
- Writing makes the process personal. We internalize everything we write by hand; it becomes more important to us.
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Хобби
Hey there, BrightSiders! How much money did you manage to save last week?
RedGaming Studio oh no! Why?
The question should be "how much money did I spent?".😂😂😂
Oh well like 15$
All my money
I saved 36k rupiahs then I found an additional 10k,so it's 46k
My wife is Japanese. Maybe she's practicing reverse kakeibo on my bank account. 🤔
lol!
Dam 😂
lol
Maybe she is Americanized.
Gomen nasai.
You have a Japanese wife ! I envy you .
Discipline is the key of saving.
zickarjay Are you disciplined?
Lol
That's it, discipline.
😂 😂
@@BRIGHTSIDEOFFICIAL 🤣🤣🤣
i believe spending to much money is based on your daily emotional and social influences. instead of thinking how to spend, think about how you feel and why you feel the need to spend. it helped me a lot.
.
Harshitha P Rao .
Don't let emotion interfere. Last time when i let my emotion interfere, i spend all the money without my consciousness. Haha. Don't trust your emotions in this matter.
Thanks for asking us this. I usually spend when I am disappointed 😞
Ye
Lol. I use that method even without knowing it has a name. You know why? because it's LOGICAL!!!!!
I couldn't agree more :)
Its funny how japan label a normal practice and make it phenomenal kaizen and 5s also adds to the list
Sadly not for everyone!! People knows of this and yet continues to spend helluva lot over their income AND continues to commmplaaaaain smh
@@suriyaprakash8663 sure everyone knows it's logical but not everyone applies the logic into practice. that is why Japanese are famous on making names on every method which obviously has checklists. It is to easily understand what is needed without elaborating one by one. For sure macine shop in India knows 5S but you can't compare Indian machines shop to the cleanliness and orderliness of a Japanese machine shop. You know why? start making a checklist so you can see what's lacking, by then it'll become your habit
fax
I saved quite a bit of money from stop wearing makeup. I hope this helps even one person! I have learned to accept myself as I am and not worry about what others think. Thanks for the video, as always, Brighside!
Makeup can harm our skin. Iam guilty from spending too much money on cosmetics those amount of money i spent can buy skin care or maybe i can save 20% of that.
Well i use more skin care products so I don’t need too much makeup HOWEVER i love makeup and love wearing it, unfortunately it’s expensive so makeup now its a like a hobby for “privileged” people Lol
@@lalahana111
Honey if u stop refined sugar you’ll save money on both skincare and makeup. Your skin is the outside reflection health of your body from the inside❤️
I practice this technique for little bit over a year. My debt is gone , saving account grow so much I need to transfer to a money market account to get more interests. I add 12% to my retirement fund. I manage not to spend very little amount of money at the mall and save it toward a trip to Japan. Beside , oversea shopping is much fun. You get to buy unique pieces of clothing that no one has. I am so adopted to this system now. Writing your budget is not a burden thing at all. It is a burden thing only when you spend like no tomorrow and you don't want to face the reality of overspend.
Financial planning and budgeting is 80% behaviour and 20% knowledge, it all depends on our attitude toward money. Like the video say it's important we have a budgeting plan or pattern, I have been using 50/30/20 for a few years now and it's helped me save a lot.
Funny thing about money it doesn't stay.
How do you budget using these pattern you mentioned?
@@jacobaltman9923 its a 50% expenses, 30% investing and 20% savings. I try to spend less which has created more room for investing.
My budgeting is bad, as I manage to save only 5% and no Investing because I earn less.
@@kimwucheng6587 you have certainly done well for yourself, if I may ask what are you invested in. I manage to save just 10% monthly due to my families expenses.
In India, You can easily find masters in saving money..Almost every house hold are expert at this art.🇮🇳🙏
You are so right.I am from Nepal and have learned finacial budgeting from an indian housewife youtuber which is the most important life lesson that I have learned and now I know that it also has a name.
Give credit where it is due , do not be rude .
And then get bankrupt in our children's marriage.
As a Myanmar i think it a scam i recommend not believing your own people because in Myanmar people scam too
I am not rude but you can't turst anyone even your own people
Indian housewives are best at the art of saving.. Need is to make them invest now
Well I use few quotes by warren buffet and set it as my wallpaper
On spending “if you buy things you don’t need . Soon you will have to sell thing you need”
On saving “ do not save what is left after spending , but spend what is left after saving “
So every time I check the time or just look at my phone I see the wallpaper
even better; make money like Warren Buffet!
This made my day. Thanks.
Yesss I love these two amazing quotes too
@Pactum Excello : How do you think Warren Buffet made all that money? He started with those principles, then kept leveling up from there.
From Canada. Our household does something similar and has done so for years. I've never had a high paying job, and we have always lived within our means. Our home is fully paid for and we currently have a $500 surplus in our clothing budget, a growing savings and a largish travel account. You have to be disciplined. We are recently retired and live well, eat well, and are debt free.I personally don't understand financial incontinence.
Damremont18
Did you do this before you married your spouse? Did your spouse do this before they married you? (Being financially responsible). Did you talk finances or know each other’s, “true spending habits and philosophies”?
If you met eye to eye on finances BEFORE you were married, you two are great. MANY people find out AFTER they are married what a spendthrift their partner actually is. MANY marriages break up over finances - maybe even more than infidelity. And divorces kills people financially. Kudos to you both for having the same financial philosophies.
@@lrebsten7155 I'm going to keep that point in mind. This sounds very significant
Discipline is the key to everything . I do the money jar . Everytime I pay for groceries I place all the coins in their jars and buy only what I really need and on sale . I see so many people drive the latest cars wearing high fashion yet they NEVER invite me out for even a Timbits at Tim Hortons .because they're a paycheck from being BROKE .
Do you live in a small town?
6:54 - Bright Side: "Penalize self for arguing with partner." ... I hear: "Save more money by being single."
Good heavens! I've seen Nobita's mom practising' kaikebo '....
Even shinchan s
Meee too! 😂
😂😂😂😂
Doraemon fan!. 🙋🇵🇭
Yeah ..True ...
More important topic is what to do with the money that you save. thats what separates rich from poor
I used to save money almost exactly like that. But then as I grew up I stopped the writing down part and after watching this I might start writing it down again. 👍👏🙂
Theres apps tho from financial apps to journal apps its much more efficient cause i have my phone with me most ogmf the time.
If you wanna list it down journal style thetes tons of apps for that
Pay yourself first.
Needs vs. wants
What does it do, and why do I need it?
My only problem now is, I have no income. Sad truth😞
:) me to need to have income
No problem this is Right time for you to make good money in future, think and learn to make money spent you time on researching on this, idea is money not the hard work are Passion
You can sell on eBay or offer your skills to people
Change your mindset first. Be grateful for everything you've got, that's the first thing. Then visualize abundance in your life now. Difficult but it's all in the mind.
sell all the stuff you don`t need.
Funny. I've been doing 90% of this for years not knowing it's a thing.
Same lolol
It's called a financial statement
Areyou rich ?
same too 😂
Sayantani Bhattacharjee. haha good question.. for myself im not rich yet 😂 but i have to eat well and a bit of fun passions stuff to buy or to do
2 key takeaways: 1) develop a high-income skill and keep providing service or create products 2) live below your means so you have savings to invest. Hope anyone reading this achieves financial freedom! 🎉
Hellos sir, Can you please elaborate more or give me some tips on how to develop a high income skills or how to create products?
This was very helpful. Thank you!
Put $1 in every time you complain about someone or something. I will try this
I have practised this before showing this video and I didn't know that the name was kaikaibo :) Thank you as always you guys do a great content and enjoying your information and knowledge sharing!
Thanks BRIGHT SIDE, this was a good one 👍👍👍
Finally!! A super great video from this channel again. I have been watching for ever.. now it is here.. good work thank you😊
Thank you so much bro for amazing idea. This helps a lot. I am starting this Kakeibo Journal right from today.
One of the Brightest videos this channel has ever posted.😎
I do it since jhs, i separated my monthly budget into weekly budget. Which make it easier to track how much i speed in a week. I also have 'NO SPEND DAY' one in a week, it effectively save mu daily budget, put it directly to the saving box 🤗😀. Very useful video tho 👍👍⭐
Thanx👍🏻
Very thoughtful message.. thanks for sharing
Thanks for making this video.
Japanese way to save money
1.Write down all your income and expense in a book
2.Make a Income chart in which your write down all your incomes that day itself
3.Make a expense chart in which you write down all your expenses based on your preference so you don't need buy least preferred item
4.when someone returns your debt you must not spend that instead put that into piggy
5.Leftover money in pockets will be put into piggy
6.Penalties for your indiscipline eg: missing gym
7.Making a product list before you enter mall
8.If you wanna buy expensive items delay the purchase for 1month if you are still interested in buying that then purchase otherwise save that.
9.While buying expensive products add some extra amount as expense and put that extra money in piggy.
10.All coins into piggy
11.Divide your income to 4 parts leftover money in each part will be added to your piggy
Pen to paper has another advantage, computer hackers won't known your budgeting business 😉
Thanks for video!!!😊😊
I like the information and look forward of applying it from now onwards!! It's not too late to start. Thanks for this!!
Am I the only jobless who's watching this 😂
Me lol
Me too..
College student doing this
Me too
Me too 😂
I used to rewrite my notes down AFTER class, in my own way. It also helped me remember what was taught in class, what I need to go over again and I rewrote them in pen with additional notes on the side for reference...
Thank you. Very helpful l. 👍🏾
Awesome video!!! I will use this.
The Japanese are very intelligent in the way the do things
Artist & Band News by Michael Nagy how do you know?
Not always. Especially in teenage years
@@Varionixdafloof2345 zdg
Wheres your proof
so does other races aswell
*Money is like magic*
They just disappear
True story!
Duchi what’s your biggest purchase this month?
Duchi this i agree. Why it’s so easy to spend even we know that’s so hard to earn...😭😭
Duchi Lol! Cute
robux
This is great. Thanks for sharing.
This is the best video I have come across. It's better to focus on our needs instead of focusing on wants as wants are endless and thinking about the planet we should stop wasting our resources.
Thanks I really need it since August 5 is coming up start of school
Thank you for the tips.
Remember this: money seating in your account is for the bank to use! Do not live to save rather save with the intention to invest. Make money work for you not the other way around. No one has ever become wealthy by saving their entire life. Be an elite and build for generations.
olga sena Malyamungu in japan, it’s very important to have a “bank statement”
Fantastic. I agree!!!
I needed this video. Now I gotta commit to following the advice.
I created an excel format more similar to kakeibo. As I'm pretty much comfortable using Excel, I prefer digital data record than conventional one. But the saving tips like penalising seems reasonable for me.
Thank you Bright Side for this useful information. I now have a kakeibo journal!
I’ve just watched the video! I want to adapt this idea 💡 for sure!!! Thank you 😊
Hi Bright Side 💡!
Can you also make a video on 'ikigai'? 🇯🇵 (Japanese concept of reason for being... purpose of life...)
(Japanese are well-known for many things including their techniques and concepts like 5S, TQM, etc.)
Just wanted to share, I use to write down all my notes again in college, this made me a topper and I still remember facts even after 25 years
They forget the fact that if you write it on a paper and do the 'old-school' way of recording, when the internet is down or you have a power outage or any other thing happens that keeps your technology from working, you have a hard copy in writing so you don't lose it and can access it any time. That's why I still keep a lot of things written down and keep a notebook at my computer.
Every bit of this "Japanese" stuff are things my Grandma taught me. We're from Alabama. The old timers took all this for granted. I nearly face-palm hearing this "exotic" info.
You can install financial app that can works offline
Thanks .
Great video
Superb Kudos to u all
The key to success is actually focusing on what you are doing instead of just drifting through life. Everything you do leaves your memory pretty quickly if you don't focus on it. Facing towards your goals and taking steps will almost always get you what you want.
Amen to that!
instead of saving the money reinvest the money
compounding interest
To do that u need to have saved money
@@thefun.tainment no you don't. You can immediately invest your money, even automatically
@@exaucemayunga22 yup bro but u atleast gotta have some money beforehand that you will be investing
Such a great information. I will try it
Thank you for this video. Also the comments and tips have really been insightful. I will begin on a new financial journey now.
It also helps that salaries in Japan are paid monthly (instead of weekly or twice monthly like in most other countries): you're really forced to plan and spend carefully to make your salary last till the following month😝
I've already been using a similar method to budget my money.
All you have to do find ways to spend as little money as possible, yet still live comfortably. Then, you leave the rest of your money in your bank account.
This is really great and helpful
Very helpful. Thanks
narrator: "no apps, no technology, no tricky calculations!"
appstore: dare you oppose me mortal?!?
I save around 70% of salary, living in Norway :))
Using kakeibo ?
@@devanshkhatavkar4591 Chosing less, but quality products. Overall living minimalistic.
@blue copper Fishing boat :)
I normally save 67 per cent of my salary. I have now increased it to 83 per cent since I don't need to buy fuel in my car during this lockdown
Have any investments yet? If you are not needing money try having one that will teach you or get you closer to something youd like to know, do, have, etc.
This is probably the best video I've watched on this. I keep coming back to this one video. Thank you
Just like Mitsi does in Shinchan 🤔🤔🤔🤔
Shinchan is pretty informative
Sankari Bardhan
ஆனா, அவ சேல் னு பாத்துட்டா செலவு பண்ணிடுவா.. 😂😂😂
And nobita's mom😀
TIMESTAMPS:
Why listen to the Japanese? 0:29
What is Kakeibo? 1:05
Questions Kakeibo is based on 2:28
How to draw up a Kakeibo style budget 2:42
How can you spend less? 5:05
How to save even more 5:49
❗️ Why it's important to write by hand 7:44 ❗️
Thank you
I was at exactly 0:29 when I was reading that 2nd line 😂🤭😯😵😮😧
pin this please
@@laalini1375 Get the Money manger App on your mobile. It will work
Wow this video just showed up on my feed at the right time! I'm going to give it a try.
You have worked so hard to earn this videos !
Love the creativity and message !
Been in Japan for 2 years but I never would have known this without this vid. Thanks Bright Side!
Great video! I do what Lynn Richardson said to do. I just spend only on food that I really need, and my two bills that I pay for and car gas every month and put all my left over change and dollars in a change purse like my mom did and then use that instead for gas for the next month when shopping. I have saved at least $5 000 in just a few months. 🤣 I allow myself to only spend like $20 a month on something I like if I feel like it.
Mind blowing video
Oh my God
Superb.... Thanks
this is so nice video. now i will definitely use KAKEIBO. thanks BRIGHT SIDE!
In English we call this a "Budget"
It's something new and inspiring that's an brilliant method😊😊
Thank you so much for this video l understand now I am start kakeibo method 😊
I'm passionate about learning After effects, I love the graphic in your video. Please help me with links on how you integrated all that
I start doing this without knowing it was a concept half year before and managed to get rid of my debt. Now I want to have savings :)
A great video. I currently save approximately 45% of my monthly income, maybe less in the winter with heating my place. I live alone currently. Its easier to save when you have more assets than liabilities.
Assets are things passively putting money in your pocket.
Liabilities are things passively taking money from your pocket.
Live close enough to your source of income and groceries etc so that you don't need a vehicle. Maybe public transportation is ok. Owning a vehicle takes money from your pocket.
Once your able to save 10-20Gs, put it down on a house. A very small house. Your mortgage likely will be the same or less than renting. When its paid off, take another 10 Gs and buy another tiny cottage/house. Rent out the first one. The first one becomes an asset. Money in your pocket. Keep doing this. In a decade or 2 you won't necessarily need to work a 9-5 anymore. (Though I would). There are multi unit houses. Live in one while you rent out the others.
Now, what I say next may offend some. That's not my intention. But it needs to be said. Its directed mostly at men, though it can apply to some women also.
Stay single. As long as possible. In the current social climate, having a G/F or being in a marriage contract can potentially be a financially hazardous liability. The statistics speak for themselves. The laws are balanced heavily in a womans favor these days in divorse court. Even in common law cohabitation. Talk about liability. I'm not saying don't get married. I'm saying for the love of God think twice. Use the correct head guys. Things get even more expensive with the potential of children, also a liability. I know I was one to my parents. Even your dear old parents will be a liability one day most likely for most of us. Just plan ahead. Many do not. Consider MGTOW. I hope this helps somebody out there.
Stable Stoic thats wt asian have been doin, keep buying house but now house or flat is getting so expensive its so hard to save up for the initial downpayment like 40% of the house price...
Thank you for your video. I love this method very much. This method is practical and short to point/effective.
Thank you thank you thank you for sharing 🙏🙏🙏
I'm only 13 but...this'll work
Good for you and good luck! Stick with it!
14
I've been doing several things similar, I didn't know being organized was a thing...
My father had always been ruthless about teaching us to save money, and his lessons never rang any true since I got a job. But experiencing the pandemic in 2020 never made me realize how much I actually spend for entertainment and books I know I'll never really get the chance to read. Recently, I ONLY deduct the fixed amount we spend on household and bills on a regular basis, and I actually save more than half of my salary! I'm sure this is still bound to change again when the pandemic is over, but boy! What a revelation!
Excellent..👌thanks
All I learnt from this video was a new Japanese word! - *Kakeibo* 😎
.
.
.
.
Anyone else? 😋
Only konichiwa and Ohayou
Me: penalize myself for senseless spending
Also Me: no money left to pay penalty🤦🏽♂️
🤣🤣🤣🤣
Thank you. Watched this video with my kids ages 6 and 9. They watched intently the whole time. Very helpful.
very informative.
I just keep it simple and have 2 bank accounts. Account 1 with my minimum amount where all the money goes in and out daily and account 2 is where I put in money that goes above my minimum amount thats on my 1st account. Simples.......by the way I kind of just started that simple system of mine and it seems to be going well..... Just hoping it stays like that.
Kay Ali think you mean maximum
Your video is very inspiring.... Let me add by saying that the best you can do to avoid squandering your salary is to invest 50% immediately you receive it but in order for you to achieve a %50% investment off your monthly income you need to cut down your monthly expenses to 30% allowing you to save the remain 20% in a savings account in case of any emergency....
Building a portfolio of quality investments is one way to help you get ahead financially and achieve your long term goals.
what can you consider as a good investment?
*Alice* a good investment is one that gives you the highest possible return. Whether it's real estate, stocks, bonds or mutual funds, with some research and due diligence, you'll be able to find good investments in any asset class
.
Defining your risk tolerance and investment objective are two good ways to help decide what’s a good investment. For example, if you’re a high-risk investor you might be able to tolerate a variety of good investments, which might earn higher yields
do you stock trade simon
Just bumped into this, Ive been practicing it very effective.
I'll try it. Thanks!
One of the reasons is they have a higher IQ and isn't fooled and tricked into being over consumers...making their own iPhone for 5 bucks while you bought yours for 900.00 🤷🏽♀️
More like most of them play video games all day
I was thinking that this is something new but dear I'm already have maintained an account book at home & I note down everything. Even when my bank charge me something, when I buy food, traveling exp, pharmacy, doctor, etc. My name is Pratik wankhede & I'm from India my age is 19. I've so big goals in my life.
Bravo!
I know digital is more convenient but I think manually entering the data in a book although "old School" might work better for me. I will try and see. I did use an app once and it just didn't do everything I needed it to do. This reminds me of old checking account books where you wrote down what every check was for. And that made me see how much I was spending better than digital. Using cash instead of a card also makes you more accountable,\
Awesome video
Wow i am so happy brightside is best
I think I can be a millionaire by making and selling kakeibo journals in my country.... 🙈 Thanks for the business idea... I promise to save up
Lol..
Any update?
Thanks guys this is the breakthrough I needed. The writing part will deal with the laziness
Great Ideas 💡💡💡
Japan a country like no other 🇯🇵🙌🏻