I love these examples where math is done with people having 1k to invest, on top of their expenses, paying debt and saving, average americans have trouble with a $400 emergency.
Thanks for sharing awesome tips! I'm financially free and currently growing a solid retirement plan. It takes a positive and consistency to learn new things, unlearn the old habits ms Important to get a mentor/coach to lead you all the way. It's great to start young too!
@@eiraantoinette6793 personally I think 1m is the goal to overcome inflation and having them in an investment portfolio is a perfect plan. I'm half way to my goal 😊
@@gracedaniels6172 yeah. Fees and commissions are factors to look at in search for financial advisers. There’s financial experts out there who do not look at their fees but the impact and intrinsic value they bring along to you no matter how little you want to start. I’m glad I had one guide me start my financial journey
Money is a “necessity, but all more money does is, cause more money problems. I’m a disabled veteran who lives on a fixed income of $851.00 , and I live rather comfortable. You are so awesome Erika..!!
Can we get this video to 600 likes?! Also, let me know in the comments if there's anything I should add! ▽MORE GIFTS▽ Learn how to grow a profitable RUclips channel. In this course, I cover step-by-step how I went from 0 subscribers to over 70,000 subscribers and 4 million views and making over $100,000 on RUclips in under a year. From setup, to time-saving hacks, to making money on RUclips, to getting featured in media, this course has you covered: erikakullberg.com/youtube-course If you just want to learn more about RUclips, you can download my Free Guide on how I grew my RUclips channel: erikakullberg.com/free-youtube-guide Are you a business owner or online entrepreneur? I’m an award-winning lawyer and have some free resources to help you. Download my FREE Legal Guide on how to legally protect your business: erikakullberg.com/legal-guide Or Download my FREE Trademark Guide on how to legally protect your brand: plugandlaw.com/trademark-guide
Great video Ma’am. Is there a discount CODE for your 94 lesson RUclips course? Is there a sample video that gives prospects an idea of what the course contact will look like and sound like?
In the RUclips course with 94 lessons, will there be any opportunity to ask questions and get feedback, for hard-working students who watch all the videos and do all the homework. One would hate to make that significant financial sacrifice and feel all alone with a lot of new information. Thank you.
Hi Erika. You are an inspiration and I love all your videos. Yes please on a video specifically on investing on SoFi. Sending a Thank you coming from Sacramento, California
Legal! Thank you for the video Erika! I think keeping up with the joneses is the worst mistake because people think their peers look down on them for not having x,y,z thing when they really don’t. Instead of bettering yourself, you’re bettering people’s short term opinion of you. Another thing that helps for me when there are market downturns, I look at the percentage instead of the dollar amount since the percentage is probably going to be a much nicer number.
Dollar value, does not matter, what matters are your percentage returns. Example, you have $1,000 and you buy a small percentage of Bitcoin at $60,000. You hold until the price rises to $75,000 and you sell. You just made a return of 25%
I’m SO glad that I found your channel! I like the idea of making sure I hit a certain savings percentage. This honestly just makes so much sense. Normally I’d just be super idealistic and end up saving much less than I had if I just planned to save 20%.
This is really good stuff, Erika. I wish I had known these things when I was your age. Especially the investment piece. I'm in my 50s and still have to convince myself that I'm "grown up enough" to invest.
Awesome video Erika. I was in 9k credit debt about 2 years ago. My credit score was 540. Now I have no debt my credit score is 720. I have savings actually two savings account. I have a retirement within my company since 2007 plus my company has stock ownership within for us who work there. We actually own part of the company. I have about 60k in stock. Over 60k in retirement. I know I meed more to accomplish. However I have come along way. And in the best place i have ever been in. Being debt free feels amazing
hello erika i changed my bad habit going vacation twice a year in the philippine..so i decided to invest half of my paycheck to stock market, instead ,is that bad/?
Cmon Legal! I must be really doing well in my financial journey b.c I’ve just found your channel this weekend and ba da ba ba ba.. Im loving it! Also tips for investing pls
I also used my subway paycheck to pay for coach pursues at 19 years old. It’s so comforting to learn that we followed similar paths 💛 thanks for the video!
Personal income tax is over 30%. Corporate income tax is 15%. So if you don't own a business your already paying double. Also when you have a business you can write off the 15%.you would have had to pay. Like if you go to lunch it becomes a business lunch and a nice write off. Look up Three-Martini Lunch Tax Deduction
Government is here to keep u poor. If the mafia takes money from u, it’s called extortion. If the govt does it’s called taxes. If u kill someone you’re a criminal, if u kill wearing a govt uniform you’re called a hero
In the last couple of days I have paid off 4 credit cards ($3,600), 1 personal loan ($2,500) and the IRS($1,200)! Feels so much better than holding the cash. I can attest to the 6 figure earners still living paycheck to paycheck, working on living within my means.
legal. Hi Erika, I own an LLC and I have never understand how my income taxes are and how it applies with my LLC incomes. just too much documents. but I ask my CPA for details of those numbers he/she put in the paper. I dont understand their tax language. I feel like he does not want to explain so much. Can you do a video about LLC and income taxes please?
I have several friends who are multi-millionaires. Some have multiple expensive cars and homes while others appear poor and are show worth of only what they have on them (everything else is sheltered). Your teaching us the things they never teach you in school. We all know why. I am trying to walk the line between living life (since it is not a trial run) and having a safe retirement income. Every time I feel I made progress, inflation movies my goal post further from me.
Hey, to be clear. There are good people with nice houses and luxury stuffs. Hanging around them can be a good thing to learn about their mindset. Usually they are business owners, success professionals entrepreneur. Better than friends with poor mind that keep checking for cheap stuffs, wasting time with to return stuffs. Opposite with bad rich people that show off expensive stuffs, those people show off how they steal the deals with incredible price. And if you buy stuffs with higher price than them. You lost. Get away from those "money saving" people too.
Peace be to you, Get animals and farm. Turn off cable. Become self employed. Get land with water access and trees for fuel. Do not buy electric cars. Stay faithful. Read The Word Become eternal, it's free. Build treasure in Heaven.
Hi Erika. I must say that I like your video. What you make is good sense. I come from a family that buys more of their wants and not their needs. I've learned in the past to save myself from falling in traps like that. Yes as you know I am a guitar player and I'm not like the typical guitar player that has to have a new guitar every time I turn around. I only have 2 guitars and don't feel I need anymore. But every time around tax season there is always a musician trying to get me to buy more gear. I tell them no . I feel when your on a budget, be thankful with what you have. Don't put yourself in debt to please someone else. Money Does Not Grow On Trees. That is a song I wrote and play it out regularly. Thank you for this video. I miss watching you.
Expensive rent and utilities takes most of our money. USA is too expensive for our incomes, and without any income, due to job lost, people do not have money for anything. We are not drug addicts, but the shelter will be all we can afford, ot the streets.
Legal ! Thanks for these awesome videos, I just turned 24 and I’m glad I found you! I grew up poor and now I go to Juilliard and my mind has totally shifted in a way I’m sure yours has too! Thanks again, xoxo
there are too many other than bad reasons people are poor, being rich could be defined as many things unlike generosity, but debt or the sort of things good or bad that drowns you could even be yours or anyone else's mistake, but a mistake none thing else, then maybe one is able define all of this, even forgives, if that someone is "rich?" ...... my bad though, someone probably missed a management class or two.
I only buy used cars and keep them in good shape by myself for years. New cars are the worst money decisions. I put little bits of money into investment accounts. People scoff saying the amounts are so small but not realize they all add up over time if you just keep doing it.
I feel like it’s a bit lame & immoral to tell people to find legal ways to not have to pay their fair share of taxes :/ maybe I misinterpreted, but it sucks that billionaires can find ways to not have to pay any taxes at all when that money goes to help society as a whole. They can afford it.
There's nothing wrong with being poor. It's being unemployed when you need the job and no one cares except for you and everyone else is only concerned with making more when other people are starving.
LEGAL yes more please! Thank You for my reality check!
LEGAL! Wow just found your channel. Loving all of your content, and your authentic approach to helping others. Thank you!
Legal - Thanks for the video!
Thank you Erika. Hope to find your video on how to deduct tax legally.
Hello Erika. I'm in your 30 day challenge. Can I have the "legal way to avoid tax" video? Thank you
I love these examples where math is done with people having 1k to invest, on top of their expenses, paying debt and saving, average americans have trouble with a $400 emergency.
thanks so much! your honesty is greatly appreciated!!! *Legal
Free stocks is not available in Australia?
Great tips, thanks 👍
legal!!!
we want to know how to take stock dividend income and put it in our Roth
Legal!
LEGAL!
Legal please
In a ring with MIKE TYSON! 😂😂
LEGAL!!!
Thank you ❤️❤️❤️
Legal
I probably invest at 36 next year due to credit debt. Is budgeting 20% of my total income too much each year?
legal!!!
Legal Do the video on the taxes
ok! :)
legal
Legal ❤
LEGAL. Thank you
LEGAL please
A Roth IRA does nothing to reduce your tax burden now. Not until you're at least 59.5 years old.
“Legal”
Just paid off 110k student loan debt in just under 4 years! Now I need to celebrate!!! Might go crazy for a little
CONGRATULATIONS!!!! That's amazing Tara!!!
That’s really awesome!! Congratulations!
That's great. Congratulations!
Dang! Congrats!!!!
How Tara?
Legal
Thanks for sharing awesome tips! I'm financially free and currently growing a solid retirement plan. It takes a positive and consistency to learn new things, unlearn the old habits ms Important to get a mentor/coach to lead you all the way. It's great to start young too!
Hi, I'm 45 working on my retirement fund too. What do you think is the best target for retirement?
a lot of people find having a couch /financial advisor a luxury
@@eiraantoinette6793 personally I think 1m is the goal to overcome inflation and having them in an investment portfolio is a perfect plan. I'm half way to my goal 😊
@@gracedaniels6172 yeah. Fees and commissions are factors to look at in search for financial advisers. There’s financial experts out there who do not look at their fees but the impact and intrinsic value they bring along to you no matter how little you want to start. I’m glad I had one guide me start my financial journey
@@millsjenna8606 nice
Money is a “necessity, but all more money does is, cause more money problems. I’m a disabled veteran who lives on a fixed income of $851.00 , and I live rather comfortable. You are so awesome Erika..!!
Can we get this video to 600 likes?! Also, let me know in the comments if there's anything I should add!
▽MORE GIFTS▽
Learn how to grow a profitable RUclips channel. In this course, I cover step-by-step how I went from 0 subscribers to over 70,000 subscribers and 4 million views and making over $100,000 on RUclips in under a year. From setup, to time-saving hacks, to making money on RUclips, to getting featured in media, this course has you covered: erikakullberg.com/youtube-course
If you just want to learn more about RUclips, you can download my Free Guide on how I grew my RUclips channel: erikakullberg.com/free-youtube-guide
Are you a business owner or online entrepreneur? I’m an award-winning lawyer and have some free resources to help you.
Download my FREE Legal Guide on how to legally protect your business: erikakullberg.com/legal-guide
Or Download my FREE Trademark Guide on how to legally protect your brand: plugandlaw.com/trademark-guide
Legal
Great video Ma’am.
Is there a discount CODE for your 94 lesson RUclips course?
Is there a sample video that gives prospects an idea of what the course contact will look like and sound like?
In the RUclips course with 94 lessons, will there be any opportunity to ask questions
and get feedback,
for
hard-working students who watch all the videos and do all the homework.
One would hate to make that significant financial sacrifice and feel all alone with a lot of new information.
Thank you.
My student loan debt seems unbearable and they don’t try to work with you on a monthly payment you can afford. Definitely need to work on a plan
I need financial and estate advice for us handling an elderly parent
You wouldn’t even be making this video if you could see how fly my Gucci belt is
hahaha
I am BINGE-WATCHING these videos.
ALL of the information is important, and the presentation is common-sensical.
And still lifestyle inflation is the biggest enemy,at my opinion.
Great content as always Erika!
Yes, definitely Legal. Can't wait to see the video 😁😁
LEGAL OMFG
Hey Erika! Can you please do a video specifically on investing on SoFi? Ty
Could you please do a video about how to off set tax legally?
Hi Erika. You are an inspiration and I love all your videos. Yes please on a video specifically on investing on SoFi. Sending a Thank you coming from Sacramento, California
Legal! Thank you for the video Erika! I think keeping up with the joneses is the worst mistake because people think their peers look down on them for not having x,y,z thing when they really don’t. Instead of bettering yourself, you’re bettering people’s short term opinion of you.
Another thing that helps for me when there are market downturns, I look at the percentage instead of the dollar amount since the percentage is probably going to be a much nicer number.
Yes!! Those are really good points!
Dollar value, does not matter, what matters are your percentage returns. Example, you have $1,000 and you buy a small percentage of Bitcoin at $60,000. You hold until the price rises to $75,000 and you sell. You just made a return of 25%
I’m SO glad that I found your channel! I like the idea of making sure I hit a certain savings percentage. This honestly just makes so much sense. Normally I’d just be super idealistic and end up saving much less than I had if I just planned to save 20%.
Exactly!! It just takes planning. Even starting at 5% and moving your way up is awesome!
For sure, this is a great point! Starting small and manageable before moving up is great, and automating those savings percentages also really helps!
Legal! I would love to learn about legally avoiding taxes! Thank you for all you do Erika!
This is really good stuff, Erika. I wish I had known these things when I was your age. Especially the investment piece. I'm in my 50s and still have to convince myself that I'm "grown up enough" to invest.
Thank you Laura!!
Laura it's never too late to start investing. . .
@@heyandy3 true!
LEGAL!!! Also, I’m a friend of your sister’s and feeling so inspired by you ❤️❤️❤️ Keep it up!
Thank you so much!!!
Yes thank you Erika. A video about legally avoiding taxes would be greatly appreciated!
Legally reducing tax burden! I want to know. Thanks for all you do Erika!
Legal! Yes to a video on the legal structure and legal tax loopholes would be awesome 😄
Awesome video Erika. I was in 9k credit debt about 2 years ago. My credit score was 540. Now I have no debt my credit score is 720. I have savings actually two savings account. I have a retirement within my company since 2007 plus my company has stock ownership within for us who work there. We actually own part of the company. I have about 60k in stock. Over 60k in retirement. I know I meed more to accomplish. However I have come along way. And in the best place i have ever been in. Being debt free feels amazing
Legal ways to avoid tax please!
I'm 18 and I've learned so much from this video thank you !!❤
hello erika i changed my bad habit going vacation twice a year in the philippine..so i decided to invest half of my paycheck to stock market, instead ,is that bad/?
This is hands-down my favorite video of yours. You really spell it out. Thank you so much for making this video! I love your channel.
Cmon Legal! I must be really doing well in my financial journey b.c I’ve just found your channel this weekend and ba da ba ba ba.. Im loving it! Also tips for investing pls
I also used my subway paycheck to pay for coach pursues at 19 years old. It’s so comforting to learn that we followed similar paths 💛 thanks for the video!
Legal.
Thank you for this video Erika. A Legal taxes video plz!!
I’d love to know how to legally avoid paying taxes 😉😭
Be a business owner lol!
Personal income tax is over 30%. Corporate income tax is 15%. So if you don't own a business your already paying double. Also when you have a business you can write off the 15%.you would have had to pay. Like if you go to lunch it becomes a business lunch and a nice write off. Look up Three-Martini Lunch Tax Deduction
Incorporate an entity, that's the loophole without paying any taxes. Apple corporation pays zero tax. This is why government is broke.
Government is here to keep u poor.
If the mafia takes money from u, it’s called extortion. If the govt does it’s called taxes. If u kill someone you’re a criminal, if u kill wearing a govt uniform you’re called a hero
@@Sunnyd222 You still have to pay taxes being a business owner????
Thank you Erika! Discovered you today and loving your content so far.
I love the "Power of Compound Interest" chart at 8:00. Such an eye opener!
Welp, I’ve been holding off paying my student loan so I have money to “keep up” but this motivated me to pay it off. Thank you!
In the last couple of days I have paid off 4 credit cards ($3,600), 1 personal loan ($2,500) and the IRS($1,200)! Feels so much better than holding the cash.
I can attest to the 6 figure earners still living paycheck to paycheck, working on living within my means.
legal. Hi Erika, I own an LLC and I have never understand how my income taxes are and how it applies with my LLC incomes. just too much documents. but I ask my CPA for details of those numbers he/she put in the paper. I dont understand their tax language. I feel like he does not want to explain so much. Can you do a video about LLC and income taxes please?
I have several friends who are multi-millionaires. Some have multiple expensive cars and homes while others appear poor and are show worth of only what they have on them (everything else is sheltered). Your teaching us the things they never teach you in school. We all know why.
I am trying to walk the line between living life (since it is not a trial run) and having a safe retirement income. Every time I feel I made progress, inflation movies my goal post further from me.
legal
Super helpful video- thank you for the great tips. Love paying you first rule. LEGAL for tax tips please!!
You are so articulate. Because of you I have confidence investing. You have great tips. Please keep posting.
Hey, to be clear. There are good people with nice houses and luxury stuffs. Hanging around them can be a good thing to learn about their mindset. Usually they are business owners, success professionals entrepreneur. Better than friends with poor mind that keep checking for cheap stuffs, wasting time with to return stuffs. Opposite with bad rich people that show off expensive stuffs, those people show off how they steal the deals with incredible price. And if you buy stuffs with higher price than them. You lost. Get away from those "money saving" people too.
Agree!
Legal!
Love your channel! So intellectual and helpful!
LEGAL thank you so much for the amazing content. Have been binge-watching your videos for this whole morning
Legal
Legal
Legal
Legal
Legal
Legal
please make videos about different ways to make passive income
LEGAL
LEGAL
Peace be to you,
Get animals and farm.
Turn off cable.
Become self employed.
Get land with water access and trees for fuel.
Do not buy electric cars.
Stay faithful.
Read The Word Become eternal, it's free.
Build treasure in Heaven.
L E G A L !!!!!
Legal
Hi Erika. I must say that I like your video. What you make is good sense. I come from a family that buys more of their wants and not their needs. I've learned in the past to save myself from falling in traps like that. Yes as you know I am a guitar player and I'm not like the typical guitar player that has to have a new guitar every time I turn around. I only have 2 guitars and don't feel I need anymore. But every time around tax season there is always a musician trying to get me to buy more gear. I tell them no . I feel when your on a budget, be thankful with what you have. Don't put yourself in debt to please someone else. Money Does Not Grow On Trees. That is a song I wrote and play it out regularly. Thank you for this video. I miss watching you.
Thank you ! Sharing with all my children!!! Yes, more on taxes, please!
LEGAL LEGAL LEGAL!
Also, please mention the boundaries of the benefits (e.g. IRS - so USA-limited).
Legal, Legal and Legal!!!!!
Legal plz thx!!!!!!!!! Love the vids! Make the workday even more productive.
Legal, yes! Loving the videos Erika keep it up
Expensive rent and utilities takes most of our money. USA is too expensive for our incomes, and without any income, due
to job lost, people do not have money for anything. We are not drug addicts, but the shelter will be all we can afford, ot the streets.
Legal ! Thanks for these awesome videos, I just turned 24 and I’m glad I found you! I grew up poor and now I go to Juilliard and my mind has totally shifted in a way I’m sure yours has too! Thanks again, xoxo
LEGAL! I definitely need to know more about minimizing taxes!
there are too many other than bad reasons people are poor, being rich could be defined as many things unlike generosity, but debt or the sort of things good or bad that drowns you could even be yours or anyone else's mistake, but a mistake none thing else, then maybe one is able define all of this, even forgives, if that someone is "rich?" ...... my bad though, someone probably missed a management class or two.
I only buy used cars and keep them in good shape by myself for years. New cars are the worst money decisions. I put little bits of money into investment accounts. People scoff saying the amounts are so small but not realize they all add up over time if you just keep doing it.
Thank you. I think I will open a Roth IRA for my 17 year old son. I will make the deposits for him until he can.
Thanks for the financial wisdom nuggets. LEGAL!
I feel like it’s a bit lame & immoral to tell people to find legal ways to not have to pay their fair share of taxes :/ maybe I misinterpreted, but it sucks that billionaires can find ways to not have to pay any taxes at all when that money goes to help society as a whole. They can afford it.
LEGAL, just found this channel today, but had a huge tax bill this year!
There's nothing wrong with being poor. It's being unemployed when you need the job and no one cares except for you and everyone else is only concerned with making more when other people are starving.
How much do people need to make to watch this channel 🤔 lol. If you can't afford a car this channel may not be for you :)
LEGAL! You're awesome! Thank you for so many wise tips. Cheers!
I just found you and I love this. Thank you for being a great influence in the internet world.
LEGAL!!!!!
First of all, living in america and lacking public health system and free tuition