Thanks Style O.G. Your suggestions were well balanced. Having bad credit or being careless with money is very expensive. People don’t have to be rich to be financially literate or healthy. And waste is never good. Whether it’s time or money. Appreciate your videos.
Great advice Jeff. My guiding principle has been to live within our means. Trying to keep up with your friends and neighbors is a losing game. Avoid debt other than a mortgage and pay the mortgage off as early as possible. Start saving early as you said. Sadly this information is not taught in our schools.
This was a great tips and advice video! It took me a while to understand this concept when I was much younger (actually until I became a financial counselor while in the USN did I finally understand) and was only exposed to bad spending habits, poor investment strategies, and plethora of just plain old buying things I didn't need. I would suggest people definitely look at how and what you are spending their money on. Don't allow your ego, pride, and/or arrogance cause you to stay broke. Health insurance, automobile/home warranties (aftermarket warranties too), and financial maturity to name a few always help you to better yourself when it comes to finances. Outstanding work on this video good Sir!
Bro, thank you so much for this man, I’ve had to make moves that will put me in a position to win. I really needed to hear this man. Thanks again my guy. God bless you!!! 🙏🏿
Another great video. Correction- once the dealer registers the car in your name which is usually prior to leaving the lot, it becomes a used car and a huge liability.
Thank again Jeff.... Great content 👌... I can only type so much... It's very important to understand how to manage your money... Salute to you for giving the Style O.G family a process to manage our money. You're a very wise man.
Jeff, Another great topic my brother. Financial security is a key to our long term success. Once I got married. I started doing a weekly budget. Increase into for 401K. Plus there are on line saving accounts that start at 0.50%. Due to chip shortage both new and used care prices are up 20%. Plus due to COVID-19 the price used cars is insane. If you have good credit you get the better interest rate on credit cards and loans. Salute to you for taking about Money and finance.
Style OG you are on point as usual!!! I had 7 brokerage licenses a bunch of years ago and what you talked about in the video held true back in the day. Now today, we also need to be concerned about estate planning. If you have to have your assets probated, as much as 30% to 50% can be eaten up by attorney fees and court costs. A will is not enough!!! A comprehensive estate plan would include at at minimum a will, a living will, a medical directive, a financial power of attorney and a revocable living trust. I am not an attorney, but I can tell you that all attorney's are not created equal and just simply don't know enough about estate planning. I had one tell me I didn't need a trust. And I thought...well you can't help me...lol Again, you are on point as always. THANKS for informing us all!!!
It’s important and hard to also have a budget when your dating! We get caught impressing and paying the bill. Especially when dating multiple women…slow down and get creative! And if your honest just let them know your on a budget, bc you have long term goals you need to reach. If she’s real, she will understand and want to help. Plus…these women got money on the low! It’s ok for them to treat us lol. Stay up yall
You just said a mouthful. I only use the kitchen, bathroom and bedroom. But I don't have a big house either and I don't buy new cars, I'm at the age I don't need to be flashy
I made the mistake of not having the money discussing nor putting the correct paperwork in place to protect my networth. Homegirl ingaged in some criminal activities that left me no other choice but filed for divorce. With Florida being a no fault state, but guess who won twice 😳.
YOUNG men: Listen to this video. Don't be afraid to take risks right now with your investments. You can do so until you're about 55. And make sure you have an 8 month cash emergency fund. You can check your credit report for FREE one time each year. I check mine each Feb when I do my taxes.
Joseph Rose I 100% agree but add it’s great advice for everyone. This info is not taught in schools nor in the majority of homes. I succeeded financially by educating myself on money. The simplest piece of advice is live within your means. If you start there it makes growing wealth more possible.
Right on the money! For you unmarried guys, DEFINITELY make sure she is on the same page with regards to finances and financial philosophy. That alone will save you a lot of headaches down the road. And, like he says, invest EARLY and KEEP investing. Even if it's $100 to start. Let the historic stock market trend (measured since the Great Depression) and compounding work for you. Try to avoid targeting single companies. Go with mutual funds instead. Get "no load" funds whenever possible. Don't worry about the "Joneses". I know it's harder when you're young to avoid that. Plus many think they need to impress women. So they overspend on cars (and clothes, in some cases). Bad decision. Also try to stick with RELIABLE cars so you are not having to come out of pocket to keep fixing them. If a woman gives you the impression that she is not down with all of that, do not walk - RUN. You'll be surprised at how quickly time flies. That 30-40 years comes right up on you. Trust me.
@@TheStyleOG Respectfully, I do agree with you, however dependent upon the make and model of the new car, many new cars have rebates and incentives that can really lower the price very close to what one may pay for a newer used car. But for most of us, your tip is the right move. I appreciate you for replying to me and I love your content and am a regular listener. Peace and Love 💪🏿💪🏿
OG if you can bye a CPO car is just as good as a new car with a little more mile on them. Maybe a couple years older but it keeps my money in my pocket….
I never buy a new car! I always buy when the new generation comes out. Saves a lot of money and still have the newest technology. Some ppl need new vehicles for status. I don't care what ppl think about what year my car is because they don't pay the note!! #salute
Excellent info but the 1st foremost step in getting money and having it grow is to have that relationship with God! I know and I'm living proof of it, it works!
You had me up until you mentioned not buying a new car. I completely disagree with that. I've owned both a used car and a new one (and I will NEVER ever buy a used car again). A used car is a lottery. Nobody sells a used car because it runs perfect and has no issues. It can run just fine for a few months, then break down when you least expect it and force you to spend more money on fixing it than what you've spent on buying it.
@@TheStyleOG not even that. Would you sell a car that you've bought brand new and has no problems after just (let's say) 3 years? Unless you're a millionaire, I think you would not do that. You, probably would, however, look to sell it if the car has problems.
@@TheStyleOG guess it's a cultural thing then, because where I'm from, when someone buys a new car they hold on to it for at least 5-7 years, because they can't afford the luxury to replace it just because they got bored of it. Buying a car is a big thing pretty much everywhere and changing it every couple of years is more of a waste of money, rather than smart investing. Edit: and when I said "someone buys a new car" I meant any car, not just a brand new one.
@@DA-xh3tw I see your point, but furthermore I think it leads towards 2 different points of view: 1. "You lose a couple of thousands as soon as you leave the lot" which shows the intent of selling it in a rather short while. 2. I bought it brand new and I'm gonna get my money's worth out of it until I send it to the junkyard and replace it with another new car. This usually takes around 10 years.
The amount of money I am saving annually from not having a car is literally paying for my IRA compared to the average car-owning American and that's not even factoring in accidents.
I love your video at large but i will advice everybody who is into cryptos to Stick with ETH and BTC as much as you can guys. If everyone sells when it starts to fall, which at one point it will, the dream may be lost because of it being too volatile for companies to get behind
lmagine being rich, being too lazy and ignorant to come to even the slightest agreement. Let's petition to fire the government or take from their pocket Money is good for only three things : fun, investing, and giving
I'm one invest my money on crypto. Bitcoin trading is great, unlike the stock market and other financial markets, bitcoin has no centralized location, since it operates 24hours a day in different parts of the world
you are right Bitcoin trading might make you rich if you are hedge fund with deep pockets or an unusual skilled currency trader After a successful investment you have nothing to worry about, whether the rise and fall of economy won't affect you. Make's your future brighter, by making good investment
Yes #1 reason couples split up in North America is MONEY! However; It's really should be COMMUNICATION!! WHY, Kuz they didn't COMMUNICATE what thier actual income, expenses, debts they each have!!! So it's FULL TRUTHFUL COMMUNICATION!! that's needed!!
Excellent advice. I've saved quite a bit, and try to budget myself very strict. Nevertheless, a separate emergency fund of about $3000 will be a great project so I won't have to touch my savings, or exhaust my weekly check in the event of emergency expenses, car repairs etc. Great advice! That'll be my next project! Thank you, my Brother! Invaluable advice as always! Check it Out! Ciao!!!
Thanks Style O.G. Your suggestions were well balanced. Having bad credit or being careless with money is very expensive. People don’t have to be rich to be financially literate or healthy. And waste is never good. Whether it’s time or money. Appreciate your videos.
Salute!
I love the diversity of topics you post. This topic is much needed!
Thanks!
Great advice Jeff. My guiding principle has been to live within our means. Trying to keep up with your friends and neighbors is a losing game. Avoid debt other than a mortgage and pay the mortgage off as early as possible. Start saving early as you said. Sadly this information is not taught in our schools.
Good stuff!
WASSUP brotha...be prosperous in money but health and love.
hey my guy!
@@TheStyleOG hey dude, hope you're doing good. I know its been a long time since I've been around.
This was a great tips and advice video! It took me a while to understand this concept when I was much younger (actually until I became a financial counselor while in the USN did I finally understand) and was only exposed to bad spending habits, poor investment strategies, and plethora of just plain old buying things I didn't need. I would suggest people definitely look at how and what you are spending their money on. Don't allow your ego, pride, and/or arrogance cause you to stay broke. Health insurance, automobile/home warranties (aftermarket warranties too), and financial maturity to name a few always help you to better yourself when it comes to finances. Outstanding work on this video good Sir!
Well said Shawn!
Great video, and I’ve made most of them when young, living by a budget lead me to debt free living, financial wealth and security.
OG, I had no idea you were the big 5-0! I haven't checked in for awhile but thank you for this video.
No problem!
Bro, thank you so much for this man, I’ve had to make moves that will put me in a position to win. I really needed to hear this man. Thanks again my guy. God bless you!!! 🙏🏿
Glad I could help!
Great list. A lot I needed to learn when I was younger. 👍
Glad you enjoyed it!
Come thru Style OG with the diversification of content!! I see you!!
Salute!
Another great video. Correction- once the dealer registers the car in your name which is usually prior to leaving the lot, it becomes a used car and a huge liability.
Good point!
If at all possible especially if you're young avoid student loans
Awesome video for those who don't know how to Budget. I have to try that website you mentioned. Keep it Rollin bro 👊
Thanks! Will do!
OG, I learned the 3yo car lesson a long time ago. The value of such lessons grows monthly and over a lifetime. Nice video!
What’s up my bro Og. Great video and great tips on being more financially responsible. Very much needed advice. God Bless and Salute my friend.
Looks like Jeff is going to be my shirt plug, he never goes wrong with his color choices & how they fit. Kudos in the money talk Style O.G.
Thanks Bertrand!
You did it again!!! Salute 🤜🏾💪🏾☝🏾
Salute!
Great money tips. I wish this was taught in our school systems
Me too!
Yessir!!! Jeff is back again with some wisdom for the men! Thank you so much for this!
No problem Paul!
This video spoke to my soul.
Salute!
You are on it OG!!!
Thank again Jeff.... Great content 👌... I can only type so much... It's very important to understand how to manage your money... Salute to you for giving the Style O.G family a process to manage our money. You're a very wise man.
Thanks Donny!
I agree with alot of this information you provided. Thanks for sharing bro all this good insight ❤
Thanks Sis!
This is great advice, I wish I got advice like this when I was in my 20s…
Hey O.G.
Thanks For You’re Financial Advice !!
Very Helpful
SALUTE ….
My pleasure!
Great advice as always Jeff!!! Salute
Salute!
Jeff, Another great topic my brother. Financial security is a key to our long term success. Once I got married. I started doing a weekly budget. Increase into for 401K. Plus there are on line saving accounts that start at 0.50%. Due to chip shortage both new and used care prices are up 20%. Plus due to COVID-19 the price used cars is insane. If you have good credit you get the better interest rate on credit cards and loans. Salute to you for taking about
Money and finance.
Salute Pierre!
Thanks for information , Big Bro
#Salute as always, Geoffrey! 👊🏽 Sean
Salute!
Growing up in poverty with parents who lived they’re whole life check to check, I never learned how to properly manage money, and not investing.
Fantastic content as always, Style O.G. Thanks.
My pleasure!
Style OG you are on point as usual!!! I had 7 brokerage licenses a bunch of years ago and what you talked about in the video held true back in the day. Now today, we also need to be concerned about estate planning. If you have to have your assets probated, as much as 30% to 50% can be eaten up by attorney fees and court costs. A will is not enough!!! A comprehensive estate plan would include at at minimum a will, a living will, a medical directive, a financial power of attorney and a revocable living trust. I am not an attorney, but I can tell you that all attorney's are not created equal and just simply don't know enough about estate planning. I had one tell me I didn't need a trust. And I thought...well you can't help me...lol Again, you are on point as always. THANKS for informing us all!!!
Insurance yes ! I had to learn that the hard way ! Neat observations !
Salute OG!! Another classic video
Thanks Richard!
Thanks for the advice
No problem!
Salute brother and good morning and I know that you are doing well 😀😊☺
Morning!
It’s important and hard to also have a budget when your dating! We get caught impressing and paying the bill. Especially when dating multiple women…slow down and get creative!
And if your honest just let them know your on a budget, bc you have long term goals you need to reach. If she’s real, she will understand and want to help. Plus…these women got money on the low! It’s ok for them to treat us lol.
Stay up yall
Agreed!
Some really good sound advice here my guy.
Great advice you, speaking 💯. Salute
Salute Clifton!
Compound interest is the 8th wonder of the world.
Indeed!
Quality content
Always😁
Thanks!
Good tips
Glad you think so!
Dropping dimes big homie 💯💪🏾
Salute!
Wise talk bro!
Very important video Jeff!!
Salute Jack!
Hey Professor, where did you get that nice vest. May i know please.
Peter manning
I buy everything that you advertise and notify them I heard about them on your station
Appreciate you!
Wise words Doctor, thanks.
No problem!
Peace, Found it brother, Titan🤜🤛
Great video bro
Appreciate it!
Miss the cool jazz tunes in the video...
A1 information as usual 👍🏼
Glad you think so!
Great advice on the emergency fund. It's saved me from many catastrophes. Great advice all around. Thanks Jeff!
No problem Greg!
You just said a mouthful. I only use the kitchen, bathroom and bedroom. But I don't have a big house either and I don't buy new cars, I'm at the age I don't need to be flashy
Thanks for sharing!!
Salute Jeff!💯☺
Salute Tee!
I made the mistake of not having the money discussing nor putting the correct paperwork in place to protect my networth. Homegirl ingaged in some criminal activities that left me no other choice but filed for divorce. With Florida being a no fault state, but guess who won twice 😳.
Salute Fam!!!!!
Salute Chuck!
YOUNG men: Listen to this video. Don't be afraid to take risks right now with your investments. You can do so until you're about 55. And make sure you have an 8 month cash emergency fund. You can check your credit report for FREE one time each year. I check mine each Feb when I do my taxes.
great input!
How can I check my credit?
This is especially true for the young black brothas like myself! #Salute #SpeakOnItOG
Salute!
Joseph Rose I 100% agree but add it’s great advice for everyone. This info is not taught in schools nor in the majority of homes. I succeeded financially by educating myself on money. The simplest piece of advice is live within your means. If you start there it makes growing wealth more possible.
Dude I have a credit bill around $750 a month, the minimum is $35 at around 25% interest. I don’t think I’d ever pay that off lol.
I like that use car jewel you dropped.. You must have subscribed to Scotty Killmer..Lol
ha!
Simping is the biggest money mistake.
What’s some good sites to order some sports coats from
Nailed it 🔨
We need the podcast!!!!
Can you make a video styling burgundy colored shoes?
Check my archives for how to wear oxblood shoes
Hey Jeff, what kind of vehicle do you drive and what year is it? Thanks in advance.
2017 BMW 4 series
Building wealth is not rocket science. It’s discipline.
Agreed George!
Right on the money! For you unmarried guys, DEFINITELY make sure she is on the same page with regards to finances and financial philosophy. That alone will save you a lot of headaches down the road.
And, like he says, invest EARLY and KEEP investing. Even if it's $100 to start. Let the historic stock market trend (measured since the Great Depression) and compounding work for you. Try to avoid targeting single companies. Go with mutual funds instead. Get "no load" funds whenever possible.
Don't worry about the "Joneses". I know it's harder when you're young to avoid that. Plus many think they need to impress women. So they overspend on cars (and clothes, in some cases). Bad decision. Also try to stick with RELIABLE cars so you are not having to come out of pocket to keep fixing them.
If a woman gives you the impression that she is not down with all of that, do not walk - RUN.
You'll be surprised at how quickly time flies. That 30-40 years comes right up on you. Trust me.
Style OG like a dependable fullback or tight end. He just keeps producing. Wow
My man!
That's from the heart. Lot come and go on these tube streets, but you, you consistent as a ole hound dog. Yeh, I'm a country boy. You the man bro
Escorts is my downfall!!!But I enjoy it like a mfer.especially white one.
Me 2..worth every penny bro🙏🏿
Also maxing out your credit cards can hurt you a bit too.
Quite a bit!
No #11 Being involved or dating the wrong woman !!!
Salute 🙏🏾🙏🏾
Salute!
I GOTTA GIVE HIM SOME RESPECT ✊🏾🔥🗣
Respect!
This is awesome! I have to respectfully disagree with the new car part.
Thanks Terry! why would you recommend a new ?
@@TheStyleOG Respectfully, I do agree with you, however dependent upon the make and model of the new car, many new cars have rebates and incentives that can really lower the price very close to what one may pay for a newer used car.
But for most of us, your tip is the right move.
I appreciate you for replying to me and I love your content and am a regular listener. Peace and Love 💪🏿💪🏿
Respect!
OG if you can bye a CPO car is just as good as a new car with a little more mile on them. Maybe a couple years older but it keeps my money in my pocket….
Indeed!
Salute!
Salute!
I never buy a new car! I always buy when the new generation comes out. Saves a lot of money and still have the newest technology. Some ppl need new vehicles for status. I don't care what ppl think about what year my car is because they don't pay the note!! #salute
Once again, much appreciation my brother. You need to do a podcast my man.
Maybe one day!
@@TheStyleOG It pays well OG. I could be your co-host
All of the wealthy people who mentor me never purchased a brand new car. And they are millionaires.
Well...
Salute Handsome
Salute!
One of my biggest mistakes is not investing when I was young, if I did I would be close to a millionaire by now and I'm under 40
For real!
You is like a cooler, hipper Dave Ramsey.
Thanks!
@@TheStyleOG fasho ✊
Excellent info but the 1st foremost step in getting money and having it grow is to have that relationship with God! I know and I'm living proof of it, it works!
Lord provides
Facts
Salute Julius!
You had me up until you mentioned not buying a new car. I completely disagree with that. I've owned both a used car and a new one (and I will NEVER ever buy a used car again). A used car is a lottery. Nobody sells a used car because it runs perfect and has no issues. It can run just fine for a few months, then break down when you least expect it and force you to spend more money on fixing it than what you've spent on buying it.
a late model used car...
@@TheStyleOG not even that. Would you sell a car that you've bought brand new and has no problems after just (let's say) 3 years? Unless you're a millionaire, I think you would not do that. You, probably would, however, look to sell it if the car has problems.
many people trade in or sell a car because they like having a new car, not because there is something wrong with it..
@@TheStyleOG guess it's a cultural thing then, because where I'm from, when someone buys a new car they hold on to it for at least 5-7 years, because they can't afford the luxury to replace it just because they got bored of it. Buying a car is a big thing pretty much everywhere and changing it every couple of years is more of a waste of money, rather than smart investing.
Edit: and when I said "someone buys a new car" I meant any car, not just a brand new one.
@@DA-xh3tw I see your point, but furthermore I think it leads towards 2 different points of view:
1. "You lose a couple of thousands as soon as you leave the lot" which shows the intent of selling it in a rather short while.
2. I bought it brand new and I'm gonna get my money's worth out of it until I send it to the junkyard and replace it with another new car. This usually takes around 10 years.
The amount of money I am saving annually from not having a car is literally paying for my IRA compared to the average car-owning American and that's not even factoring in accidents.
Credit report: Credit score < Total balance .
*PODCAST!!*
Biggest money mistake is getting married
If you want a new car, then Lease don’t buy.
I love your video at large but i will advice everybody who is into cryptos to Stick with ETH and BTC as much as you can guys. If everyone sells when it starts to fall, which at one point it will, the dream may be lost because of it being too volatile for companies to get behind
lmagine being rich, being too lazy and ignorant to come to even the slightest agreement. Let's petition to fire the government or take from their pocket Money is good for only three things : fun, investing, and giving
The government don't care about us, that's why i always advice people to invest
I'm one invest my money on crypto. Bitcoin trading is great, unlike the stock market and other financial markets, bitcoin has no centralized location, since it operates 24hours a day in different parts of the world
you are right Bitcoin trading might make you rich if you are hedge fund with deep pockets or an unusual skilled currency trader After a successful investment you have nothing to worry about, whether the rise and fall of economy won't affect you. Make's your future brighter, by making good investment
I think Bitcoin is the future, Investing in it now will be the wisest thing to do especially with the current rise Nothing ever changes
It's cheaper to keep her.
#Salute
Salute!
Yes #1 reason couples split up in North America is MONEY!
However;
It's really should be COMMUNICATION!!
WHY,
Kuz they didn't COMMUNICATE what thier actual income, expenses, debts they each have!!!
So it's FULL TRUTHFUL COMMUNICATION!! that's needed!!
Indeed!
SUH-LOOTE!
Salute!
#1 MONEY mistake a man makes is getting married 😜😜😜
1. Marrying the wrong woman
Get your money up, not your funny up
Indeed!
Excellent advice. I've saved quite a bit, and try to budget myself very strict. Nevertheless, a separate emergency fund of about $3000 will be a great project so I won't have to touch my savings, or exhaust my weekly check in the event of emergency expenses, car repairs etc. Great advice! That'll be my next project! Thank you, my Brother! Invaluable advice as always! Check it Out! Ciao!!!
Salute!