Do Not Spend Money on These 7 Things in 2023 | Do Not Make Someone Else Wealthy
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- Опубликовано: 28 июн 2024
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RF Financial Consulting LLC
For financial mentoring & coaching services contact me on Instagram @richardfain28 or rffinancialconsulting28@gmail.com
DISCLAIMER: I am not a financial adviser. These videos are for educational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.
I currently make £84k/yr. No investment and I work from home. I need to do something quick. What can I do?
Making £84k/yr and working from home is awesome. If you're looking for quick investment options, consider exploring cryptocurrencies or real estate crowdfunding. They offer potential growth and diversification. Just make sure to do your research and consult with an advisor
I’m very much aware of the great benefits of working with a pro but I haven't found one for myself.
@@Mikael00898 I totally get you! Finding the right pro can be challenging. I partner with Olivia charlotte Oswald on various projects, I found her on the CBNC interview, looked her up and we began our awesome partnership. Her services are exceptional.
Definitely grabbing this opportunity. Thanks so much, just found her webpage
Taking the first move is always tough, I made over 120k USD with a start of 30k in the last 7 months. Importance of investing cannot be overemphasized
The UK complained that it was supporting other EU members for nothing, wanted out, and got what it wanted. Things couldn't be any better, right? The lower GDP means we do not have the headroom to pay our way in the world and must resort to borrowing.Whilst there are rich people in the UK; a great many of us are poor and now we are poorer still. What steps can we take to generate more income during quantitative adjustment?I can't afford my hard-earned £600k savings to turn to dust.
That is everywhere. The problem is, with a rising labor shortage, that industry will be the hardest hit. Fundamentally, restaurants as an industry are only viable with cheap labor and cheap rent. Right now, we have neither.
@@MariusNatt Well, the top players and pros have exclusive information and data paths that are not disclosed to the public. Knowing the strategies to use during this time is one thing and having the right information to execute them successfully is another.
@@AshtonGrace Absolutely, Fiduciary-counselors have exclusive information and data paths that are not disclosed to the public.. I've made north of £260k in raw profits from just Q3 of 2022 under the guidance of my Fiduciary-counselor "Autumn Lynzi Smith". Am I selling? Absolutely not.. I am going to sit back and observe how this all plays out.
@@Rachelschneider03 How can I touch base with Autumn? what are her services like?
@@ReidCoffman1 She is well-known in her industry; you may have heard of her before I did thanks to a Newsweek article. You can look her up online.
When the Great Depression and other huge catastrophes occurred, I used to believe that everyone went bankrupt, but they didn't... Some made millions; I also assumed that everyone closed their businesses during these times, but certain did start new ones. It all depends on your point of view; there will always be moments of prosperity for some individuals and times of depression or recession for others.
My main concern is now how can we generate more revenue during quantitative times? I can't afford to see my life savings of $200k crumble to dust.
@@alexyoung3126 It's a delicate season now, so you can do little or nothing on your own. Hence I will suggest you get yourself a financial market expert that can provide you with entry and exit points on the securities you focus on.
Very true! I've been able to scale from $50K to $189k in this red season because my Financial Advisor figured out Defensive strategies which help portfolios be less vulnerable to market downturns.
Mind if I ask you to recommend this particular coach you using their service?
EILEEN RUTH SPARKS is the coach that guides me, you probably might've come across her before, she's quite known in her field, look-her up.
Avoid unnecessary trips
Don't do lottery
Bank fees
Designer cloths
Eating out
Don't buy a house that you can't afford
Don't buy a car you cannot afford
Thanks
Don't rent an apartment.
Damn I don't do any of that and I'm so broke. I wash my own paper plates. 😥 I try to save every nickel I get but they seem to be made of wood now. 🥴
Lottery..$2= 1.1 billion dollars ( currently)... Let me waist 2$🤣
Got it
Real Estate provides cashflow, tax benefits, equity building, competitive risk-adjusted returns, and inflation protection on its own. Whether you invest in physical properties or REITs, real estate may help you diversify your portfolio and reduce volatility. Dividends are what got me into investing in REITs, great way to secure the accumulate wealth, I hold AMT, CCI & PSA. $290k in profits made in 2022.
Consistently investing in high quality dividend paying REITs & companies over the long term is a relatively easy strategy to create generational wealth. My "boring" REITs portfolio paid me over $4,000 in dividends last month.
I agree, I was on the sideline for awhile observing, trying to figure out the best time to get in, that was before I came by a coach, commended by a pundit on Reddit, reluctant at first but I went ahead and got in touch with the coach, long story short, it's been 3years and counting and I've made over 1.5million dollars simply by following her guidance. I took a vacation to Bahamas this summer just to reward myself a little for the consistency lol
@@colleen.odegaard Hey I'm not much of an investor, but I basically have all of my money sitting duck in my savings, been trying figure out what to put my cash into seeing inflation is at it's highest and I really would love to discuss with the coach that guides you
The coach that guides me is "Heather Ann Christensen", it shouldn't be a hassle finding her seeing that she's actually quite popular, just search her name.
I have a real life experience that worked for me and has worked for all of my friends and relatives. Try to save 30 to 40% of your monthly income if not try for a job in a small city or a town where the rent and cost of living is cheap which will help to save 40 to 50% of the salary every month. Then invest every month to 30% of savings to Index Mutual funds - S&P 500, Nasdaq 100, Bluechip Mutual funds, another 30% savings to Tax saver Mutual Funds, Gold and Bond Mutual funds, 20% in collective smallcase stocks (for ex. 8 safe stocks in a basket like Apple, tesla, Ford, coca cola, Mc donalds, Pharma companies, Nestle, Banks (MasterCard Inc, Bank of America) and final 20% in FDs (to buy real estate plot in a small town after 8 to 10 years or use during emergency times). I am doing this for the past 22 years and i am still doing this and i never cared about recession or loosing a job, as i had been jobless for couple of months in 2008, 2010, 2015 and 2020 and had changed 7 jobs in 18 years. I've made 1.7+ million dollars in 2022 and from that day, i never cared about losing my job and i am still saving money for investments
I am a widowed retired senior citizen, financially secure(not rich), and in relatively good health.
1: Do not buy designer clothes
2: I spend about $10 on lottery tickets ONLY when the jackpot is ridiculously high.
3: I eat out at least 6 times per week. I have earned the right to do that.
4: I spend no more than $2,000 per year on travel costs.
5: Don't pay bank fees (overdrafts and ATM or cheque cashing fees )
6: Currently I have a car note on a 2022 Honda HRV.
7: I own my home. No mortgage.
8: Pay off my one credit card monthly
9: I wash and style my own hair. Go to salon once per year.
You spend $10 on the lottery when the chances are highest you will have to split the prize. Unfortunately many games are played with NOBODY winning. I'll take my dividends instead. Instead of paying $10 on tickets, bought $6 stocks in April 2020 when the price was really low. Price is now over 4 times what I paid for it, and it pays dividends of $2 per year. Yes, full cost back in 3 years and then keeps paying as I still own it. Value of my stocks is up by $40,000 last year. Unlike a dead lottery ticket, old stocks most often grow in value and many pay dividends. Currently investing in another stock recently crashed in value. Buy low. Shipping rates have dropped. Investing in shipping container transportation companies. A 1,000/month divided can buy a lot of shares. When buying low, odds are good they recover in better times. Remember to sell high. Sold out of tech stocks in the tech bubble. Example sold all of Intel in the bubble at $62.75. Now the price is under $30 and slowing rising. Instead of buying it back, it is near market value, so didn't buy it. Buying stocks on sale instead.
I paid cash for my last two cars. Bought them, saved (invested) instead of paying a car note. No car note. I do have a mortgage, but due tot the fixed rate which is now below the inflation rate, invested in the market for higher returns. see above. 33% returns while holding a 4% mortgage is no reason to pay off the mortgage. Nice if you can do both, but soon the investment dividends can pay the mortgage for me. Compounding the investment growth at a higher rate instead of paying off the compound mortgage rate sooner. It was my decision because it made sense.
Iam a retired widow too. I always loved dressing in the finest of things thanks to my late mom who also was a fashionable woman, but we loved a bargain! And would proudly say oh I only paid $$ for this this when the next person would brag on paying a higher price.
You go, Ruby. Hurry and pay off that HRV. Then you’ll be totally free of debt
@@5thdimension625Yes!
@@isettech Playing the lottery is a game that I play every now and then for a small amount of money. I do not smoke, drink alcohol, go to the movies, etc...Investing $10 monthly is not going to make a financial impact in my life. At age 67, I have more years behind me than in front of me. You have a mortgage. I have a car note for 60 months. My net worth is probably more than yours.
Senor - If I can add one to the list - stop buying coffee you can brew at home. $2.29 a day x 5 = $11.45 x 52 weeks is over $595 annually. That's crazy.....
Coffee costs more in most places. Not to mention that at some times, other items are purchased along with coffee. A muffin, egg sandwich ext. No sir, make my coffee and eat leftovers at home for me and my wallet.
Crazy.....
You are right
This comment was definitely for me!! However, I can proudly say that I have not and don’t plan on buying coffee out that I also have at home. 😅 🤦🏾♀️
And Starbucks is generally 4 dollars and up with tip. Several years ago this daily spending was calculated at over $1500.00/yr. Great catch!
Another suggestion: grow some of your own food. A pound of salad greens is now about $7 dollars per pound. You could grow a ton of salad greens in a pot on your deck for pennies. And it will grow throughout the summer.
A lot of folks have been going on about a February rally and said stocks that would be experiencing significant growth this new year season, any idea which stocks this may be? I just sold my home in the Boca Grande area and I’m looking to remunerate a lump sum into the stock market before stocks rebound, is this a good time to buy or no?
yes, transportation, e-commerce among other sectors are expected to experience growth, but who knows, the market has been a basket of surprises.
@@stellaadams593 Such market uncertainties are the reason I don’t base my market judgements and decisions on rumors and here-says, got the best of me 2021 and had me holding worthless position in the market, I had to revamp my entire portfolio through the aid of an advisor, before I started seeing any significant results happens in my portfolio, been using the same advisor and I’ve scaled up 750k within 2 years, whether a bullish or down market, both makes for good profit, it all depends on where you’re looking...
@@davidjackson4437 The investment-adviser I use is actually CLAUDIA TRINIDAD RIVAS, I’m not sure if she’s currently accepting new clients, but you can give it a shot, she’s a popular advisor, so you can make a quick internet research with her name to get in touch..
@@kollykolly Found her, I wrote her an email and scheduled a call, hopefully she responds, I plan to start 2023 on a woodnote financially.
61 y/o, been debt free since I was 33 y/o and that includes our house. My wife and I never went to college, had modest jobs, lived within our means, sometimes worked two jobs to pay off everything early so we could retire early and enjoy ourselves, which we have accomplished. We have everything we want. Absolutely NOTHING we could buy to make us happier.
That's a way of the wise! Wish you the Best .
SAME HERE, DON'T BUY UNLESS YOU HAVE THE CASH.
Then you need to write a book or show others how to do the same. Reach one, Teach one. Congratulations. I would like to retire early.
It sure makes a lot of sense!
Congratulation thanks for sharing
This is literally my New Year’s resolution (to stop making others rich while I’m going broke) & then this video comes across my RUclips page 🤔 I’m taking it as a sign & running with it 😌
one day at a time.
Girl .. he's in everyone's feed...!¡
It’s an amazing feeling waking up in the morning knowing you don’t have a car note to worry about 😏
Now imagine how it feels waking up knowing you also don’t have any credit card debt, no student debt, no personal loans, and you straight up own your home/condo ($0 mortgage). Yup…it’s an awesome feeling that you can only experience when you get there. I can die trying to explain to you how it feels but you must get there to fully experience that feeling!!
Facts. I wrote all seven things down. 2023 is here and I'm going to be disciplined and more self-love.
We went to Disney World in 2022 with our 5 kids. We spent over $5000 for sure because we flew also. My husband want to go back, and I told him the devil is a lie. Not spending that kind of money for no mouse no time soon. Plus my older kids enjoyed the hotel pool more then the Disney parks!
I stopped doing all those things about 5 years ago, I'm debt free and own everything I have, It seems like common sense to me so hearing your take on it lets me know I'm doing something right
Same!🎯 I Thank God for these Blessings, fr.
Me too!
Agree with everything except the travel. Statistically we vacation less than any other people in the world besides the Japanese. There's good vs bad travel. Dropping $5k in a Vegas casino = BAD! Exposing your kids to different cultures, arts, how people live = Best Investment you can make.
I agree, plus life would be boring if we didn't go out and adventure the big wide world.
i agree with you on this!!its amazing what i have learned over the years traveling you cant beat the experience and experienced moments that took my breath away..
I only buy what I need. I’ve been frugal and it has been great! On the road to become the next millionaire.
My son needs to hear this. I live exactly how he advised. I don't eat out, I don't buy cars i can't afford, no names brands unless a rich person is selling a good condition ones for cheap, i have a credit union, never cash checks or use ATM, I have a home that I afford and if it starts taking more $ on maintenance, i will sell it and move back to an apartment. Uncle makes me feel good as I was thinking that I am an old school, not knowing it's the right way to live for a better tomorrow. I am happy so far and I am thankful to Jesus who helps me live under my abilities for a good future. Even though I don't eat out, but I cook healthy food frim scratch. When it comes to eating healthy I spend.
No! Don't move back into an apartment. Rent is ridiculous in 2023 and if you pay rent you're going against your own conviction by making somebody else (your landlord and landlady) rich. You own your home. It's an investment.
People who live in apartments are way more likely to become homeless than home owners! It's a liability to ever live in one.
@@GenerationX1984 I agree with you on the poster not renting but I assure you, as a landlord, we are NOT getting rich. It just helps supplement my income. Taxes and insurance eat up most of our profits...then there are always repairs.
@@fishingpinky3165 landlord here as well. Next month I will be stroking a check for $6k for fences. People don’t understand how much it costs. My tenants have been with me for years and I have been very frugal with their rents. Not every landlord is scummy.
@@Moon-magic109 That's why you save like a crazy person and pay it off as quickly as possible.
Am a nurse with who drives a small Toyota Prius. One of my co workers made fun of my car. My car was paid for in cash. I put gas in it every 3 wks as I don't go far. A month later they came on the job and repossess his least car in front of all the staff🤣. He assaulted the tow truck driver who call the police. On his job. Calmer is ' B'
13 years ago, my husband died suddenly and left me a 46-yr-old widow. I have been amazed at how the Lord has taken good care of me. And yet all 7 of these things are things my husband and I have always done. Never went into debt, especially credit cards. Since then I haven’t had to work and I haven’t missed a meal. These tips really DO WORK.
My husband is disabled and I have learned how to change a garage disposal, take dwn a door & doorframe and put in a new one, change ceiling fans, install a venthood, level my kitchen floor...thinking about replacing my fence by myself....
@@elmobolan4274 You go girl! Out of all the things you mentioned, I’ve only done the ceiling fans… my Godfather had to be the one to let me know how to even shut off the stinking water going into the house. I was totally clueless. Good thing, as one morning at 4:00am there was a water line crack and it was like a geyser. Since then I’ve learned how to do a lot. But still feel angry sometimes because I felt like “this shouldn’t have been MY JOB.” My husband used to do just about EVERYTHING. I miss him so much 😢
@@cl5080 I'm so sorry for ur loss.....I also think this shouldn't be my job too but I'm also so sick of people coming in to my hm, giving me crazy quotes and trying to rip me off, i can guarantee once they have ur stuff torn apart they will find a reason to jack up the price....I also say this to myself when i tackle a project-"If it doesn't wk out, then I'll call a professional"....I see it as making me more independent....Listen to the intro to "The Mary Tyler Moore Show" I often hum this to myself when I'm stressed....
@@elmobolan4274 Oh that’s so funny….I was just thinking about that very song while doing some hiking 🥾 Who can turn the world on with her smiiiiile… 😃
Thrift shoes, salvation army
This is why you have half a million subscribers. Very valuable information your giving us for free. Thank you and I hope you have a great 2023 bro
Great advice. I remember earlier days when all of my friends had big homes and nice cars, while I had a small beater home and a cheap rusting car. I was looked down at by them, as being the poorest member of the group. All of those friends got divorced. Most of them lost their big homes, and are now working to pay their bills. I'm living in a big home that's paid for by my investment income.
Amen 🙌🏼🙌🏼🙌🏼
Thank you, brother for the awesome advice! Here’s 7 more :
Don’t buy new if you can get it cheaper in good, used condition from kijiji or fb marketplace
If you must have a pet, adopt one from shelters and don’t pay $$$ to pet stores
Don’t buy multiple crappy presents for loved ones. Form a birthday or christmas present circle with family members or friends in common, where each person gets to buy one good present for just one person. Cheaper and presents are better quality
Write your grocery list and stick to it when shopping. Don’t get suckered into impulse purchases.
Invest in a bag of russet potatoes for $4, a liter of cooking oil for $5, and in one shot, see how much french fries you can make. You’ll get a new perspective on ROI and value of fast food.
Learn something you can DIY and save $$$. Oil change, paint your house, replace toilet, unclog plumbing. RUclips is also a classroom and not just entertainment.
Don’t buy content you can get free or cheaper. Think Library, not bookstore.
Great advice. 100%
where are those great authors supposed to make their money if you only get your book from the library ? plus what if I want to read the book whenever...hmm🌻
Dont waist food. Pay vegetables which are in that moment, mostly cheaper.
@@sunflower-oo1ff are you an author by any chance? This is advice on saving money. You wanna buy the book, by all means buy the book. By the same token, how is Macdonald going to make a profit if we all eat at home? Let’s all eat there all day and every day? Save money when you can, and borrowing instead of buying is legitimate and legal. You know that, right?
@@Leira-et9bw WASTE NOT WAIST!!!!!!
I DO have one trip planned this year to Hawaii for my 50th birthday...!!!
🏝
You deserve it.
Good advice but buying a house that is affordable is better than paying rent
I feel that we also spend too much money on our hair, eyelashes, nails, etc…
Great advice Sir. Remember what our parents use to say, “ a penny saved is a penny earned”. All the best to you in 2023. 🇨🇦
I wholeheartedly agree with number 1 and 5. The others can be done on moderation. The key here is not to go overboard with spending. You don't want to be a slave to the "man".
Very reasonable recommendations, thank you. I’m blessed to be married to a beautiful woman for 41 years and she never was one to want fancy clothes and excessive jewelry, we always lived under our means and although we never made a lot of money we own a modest home and are happy. People like yourself have guided us with useful great suggestions for many years
When I'm told stop being so cheap I tell people not being cheap just trying to make me rich instead of everybody else! But I gotta tell you Mr. Richard I already feel richer after watching you ! GBY!
I won the lottery last week. My cousin gave me 5 $1 lottery tickets as a Christmas present. I won $3.
I've never purchased a lottery ticket in my life (I'm 47 years old), nor would I ever. Mathematicians refer to lottery tickets as a "Stupidity Tax".
Even as a Canadian I really appreciate your advice because it applies to EVERYONE wherever we live.
Catherine..most welcome
Same here and I am in the UK.
@@njemilenantan5833 Most welcome Nantan.Thanks for watching.
Going out to eat
Kills my job paychecks
I need to start eating food at home
Filtered water from the refrigerator taste great and can replace those expensive bottled water.
You preach it brother, our society is brainwashed to waste money. We need to reform and re-educate our people. Thanks for the video and keep up creating educational content.👍
Similar to our government!
True !
Cook n two meals at a time.Meat loaf and a baked chicken
The people get too much food stamps.poor planning for your meal times
I get pissed off every time I see an ad for a new cell phone. Our consumer culture of buying junk that will be "outdated" in 3 years is just disgusting. 🤮
I'm ABSOLUTELY buying NO clothes this year. I own 4 dresses I haven't even worn. I own a pair of shoes I've never worn. I'm DONE wasting my money...
Same thing for me no buying clothes in 2023
You can buy designer cloths but make sure you own stocks in the company. The same thing with going out to eat. Buys stocks in restaurants, clothing brands , and airline. If you spend 300 on plane tickets with spirit than buy 600 dollars of spirit shares(save) that way the money is circulating back to your pocket.
It's better to just own shares of designer clothes than to buy designer clothes.
I’ve always believed wherever u shop play and dine utilize daily own a share of stocks in it like u have a atat phone bill have share in atat
They say what ever you buy or eat you should invest in. I love to sew, arts and craft so JoAnn fabrics sound good to me.
My only two problems are spending money on DoorDash or Uber eats and Amazon. But, besides that I generally don’t have any problems.
Buying through Amazon makes sense if you price compare and you need something to use them rather than going out to purchase. You save gas and time through Amazon. However, I emphasize the word need not want. I use Amazon only for things I need not want if it is priced right.
Do not travel during holidays if possible, and cruise off-season. I go to resorts with friends and family, eat in, and go to Walmart for food. Sometimes you 0have to get away to the beach or mountains for your spiritual well-being; I bank at credit unions and savings banks.
I do all these 7 things and I'm still poor and broke. But, I still manage to save money for a rainy day.
If you absolutely feel as though you need designer things go to a great Goodwill store . Great advice Richard. It’s all a lifestyle change!
I bought a pair of Nikes online awhile back that were two years old in good condition and still wear them to this day. Very comfortable and half the price.
Retail resale business is HUGE today. Go to affluent areas that have consignment or thrift shops, you can score on designer clothes and housewares.
Goodwill and second stores or garage sales.
I got designer items at goodwill and great garage sales. I have money in investments and it is compounding and I keep it there
Buying 2nd hand clothing is wonderful for the environment. Some of the clothing made today is poor quality compared to clothing made a few decades ago.
I was able to buy my house by having housemates for a few years while I paid off my mortgage early. Another frugal trick of mine has been to buy most things second hand. Now I'm old & have a comfortable nest egg. I'm not rich & that's OK because I've always been happy to live within my means.
being happy with what you have is gold.
🎯🎯🎯🎯 8:10 "... to try to show that you're successful, when you're really not." I work/worked with too many of them.
I'm not willing to cut out 2 of the 7 things, but I will commit to doing them in moderation. Great info!!
1:Do not buy designer clothes
2: Do not buy lottery tickets
3: Don't eat out, eat at home
4: Stop travelling too much (holiday trips), unless they're paying you for it
5: Don't pay bank fees (overdrafts and ATM or cheque cashing fees )
6:Don't buy an expensive car that you can afford,
7: Don't buy a home that you can't afford.
Thank you for this summary! Greatly appreciated! Saves my time!
@@olayinkasanni8191 still, like the video, Uncle spent some time on it.
There’s nothing wrong with eating out as long as you eat less and take home the rest for later.
Thanks!
Traveling is part of living and is a good thing
Thank you for this message. We need to hear this on repeat. I canceled 3 trips planned for the year and used the money to pay down debt.
I canceled a trip last year and there will not be any this year fun wise. Another tip take your lunch to work. Dollar tree has a lot of name brand things that will save you money like soap, tape and aluminum foil.
Cyndi says, dollar tree sells smaller amounts of products. I bought a huge roll of parchment paper at a better price than dollar tree could offer. Certain frequent use items need to be bought in bulk amounts. Just my observation.
HEAR HERE AND HEED! This brother is spot on. Thanks for educating us, sir.
I agree with all except the point about travelling. Travelling is one of the best rewards in life.
You’re great man! Thks for taking the time to educate us
People used to call me cheap until I retired at 44. Although I can afford more luxuries I don't feel like they enhance my life so I don't buy them. We worked hard and long hours for a big house with a pool etc. but soon realized we NEVER used our pool because we were always exhausted and never enjoyed our big house because we were always working. We cashed out, downsized, retired and started living more simply. Life is so much better now. Freedom and options the real luxury of life. And that was 9yrs ago.
Richard, your information is to the point! You should also add that people take their lunch to work! Trail mix for snacks and fruit! Open Markets are full of deals! Thank you! 🎯🎯🎯❤️
Thanks for the great video again, I'm already doing most of the steps, and I can breathe a lot easier and my financial situation is turning for the better
Thanks for reinforcing these ideas. We need to be more frugal and invest better.
Also liquor and cigarettes will hamper you financially as well
There is a very very old saying in the UK my grandfather told me his grand father told it to him, "a penny saved is a penny earned"
Thanks for the love🙏🏽
These reminders can never get old, keep 'em coming!!$$
I agree with everything you have pointed out, 7 things and more. Thank You. Happy New Year.
I m 65 years old and this is the way I live what you have been saying!
Can't agree to cut travel,travel is my best value for life experience,memories & education. Otherwise all good advice. Buying coffee takeaway(as mentioned previous comment) ,sweet carbonated drinks(like coke & Pepsi, etc),junk food either takeaway or supermarket, magazines, online shopping for fashion, there's a long list of don'ts.
Amen!, been teaching my kids the same for years!
Wise advice. I wish this kind of content could be a required class on high schools!
Thank you so much. Eating out, Travel and not bieng mindful of minimizing bank charges were my last year's flaws..... But not this year. Not year 2023. Time to take back my money. Thank you
You are so correct, esp. spending money when we already have coffee & food at home, but go to restaurants, etc. for those items. I am truly grateful for all of your help. Thank you & may God continue to bless you🙏❤️😊
You are so on point. A lot of this is common sense. Especially in this day and current times.
Interesting! You have good stuff for financial literacy. Definitely, I will add you to my list of favored podcast.
Articulation is clear with no BS.
House rich and cash poor, I like that one. Might use it myself 👍😄
This is a big wake-up call for myself. I’m going to get disciplined and take your advice.
Way to go man, thanks for the encouragement! I’m getting started today!
You’re doing a great job. I’ve been here when you had 20 thousand subs.
My first ever visit to your channel and you are spot on for saving money! Another way to keep money in your pocket is to NOT order those prepped food boxes/prepped meals! Go to the grocery store and buy your own stuff - watch for sales.
It's nice to know I live my life this way and that is why I have ZERO debt!
Good information, I don’t use banks only credit unions and works great for me, no extra fees for me👍🏼
WELL SAID MY BROTHER. BEAUTIFUL MESSAGE.
👀..dont forget the sports brands too... Adidas. Nike. New Balance.Yeezy's.... there are big spends!!
The world needs to hear this 2023 message. It's worth subscribing thank you sir.
Well said brother. Our young people need to hear these words of wisdom
Actually what our young people need is higher wages. The baby boomers are the generation that spends the most money. That's why most millennials mooch off their parents streaming services because they can't afford streaming. 😆
Happy new year’s Richard, I haven’t spent any money since 2018 I don’t have any debt I’m on my way to financial freedom thanks for the advice I watch your videos frequently from time to time?
This man speaks truth and nothing but the truth every utterance from his mouth speaks truth real real talk bro.
Guilty in the going out to est.. I will do better in 2023. Thank you!!!
Thanks a lot Mr Richard. Knowledge is power and I just became more powerful with your Wise words. Taking notes ✍
I agree 200 percent on everything you have said. Thank you!
Great advice. I have never bought designer clothes, shoes or bags. I shop at outlet stores. Yes ,eating out is expensive. You can buy premade food at grocery store & bake it when you get home. Also going out to movies can be expensive. Plant your own garden in summer food is better. Pamela
Right on, I'm financially independent but I'm not wasting my money making others rich
this video helped me alot , i fight with myself everyday to get a new car and hearing this makes it easier to turn that car down and turn up with these investments instead
u can do it I'm new to all this also but I'm goin all in I'm trying to educate myself on all of this I want my financial freedom and my time back! peace
I banked a car payment for a few years, and bought my car outright. It's the best feeling not having a car note!
I wear tshirts, Jeans or sweatsuits. I dress like a bum, but have money in the bank.
Great advice...I stop buying those designer purses 25 years ago...my thoughts too I'm making them richer. Now I just get a purse lower than $50.00 from Wal-Mart. Smile
Thank you for this positive reinforcement. I plan to retire next year. So this was right on time showing up in front of me like this!
Thanks👆 for watching Send me A Direct Text on my telegram I have a profitable updates....
Reminds me of my mother she always preached your message. To this day eating out is not a priority for me and my siblings, we actually almost never eat out, we also don't spend on the majority of the things you've mentioned. Guess what? We are not rich however none of us have financial problems. Please do a video of how big business is enticing/luring people to spend on the 7 things you've mentioned.
Happy new year Richard and thank you 🙏🏽 🇬🇧 🎉❤
Keep more of what you make, make more of what you keep . Really quite simple.
You're preaching moderation... good advice
Thank You for telling the Holy Truth!!!
LESSON LEARNED IN MY LIFE TIME , TOTALLY AGREE WITH THIS GENT.... AWESOME ! LOVE LISTENING.... THANKS
I have been living my life like this all my life there is nothing wrong with it. I thank God for all his blessings
I'm proud to say I follow those steps and plan to invest more this year and pay off my car.
Excellent tips! The other thing to never spend money on in 2023 is Lay Away! At the end of the lay away period the interest cost is at least 2 or 3 times more than the original price. Better to save up and buy cash.
Great advice to start the New Year..!
This video was informative and validating for me. I'm glad I made the decision to cut back way before 2023. I'm 28 and can say many folx my age spend so much money on the majority listed and complain about why they are out of money after payday. CUT BACK AS MUCH AS YOU CAN!
What a gift you are, thank you for sharing this information to help people understand the basics!