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When I retired, I found that the adage "out of sight, out of mind" to be true. While I am still included on some of my former colleagues FB postings from time to time, that's about it. I knew it would be that way, and I'm okay with that. Work friendships are great, but those friendships usually fade away once you leave the workplace.
Credit card pay off every month that has cash back and if you can't pay cash don't buy it but what you need and what are two different things,and car I do all my own repairs and never buy new ,phone 150 dollars and keep for 2 yrs at least
My job kept me poor partly by staying there, but it made me ill. It was so toxic it almost destroyed me. My coping mechanism was buying stuff to make me happy and to reward myself for staying there. Now left there, much happier but poorer. Now decluttering all the crap I bought.
I've been there. Now when I get a new job and see that it's toxic, I walk out. A few imes I have gone to lunch & just not gone back. Eff those jobs, I have never had a problem finding another job.
Your anti-budget changed my life. Literally! I had been trying to budget for years without succes until your anti-budget video. It is simple to understand and the key for me was that it has essentially 2 categories, fixed expenses and discretionary. Thank you so much Nicole.
I’m still trying to understand why you need that $75,000 vehicle and drive on balding tires? What you didn’t see that $2,000 coming three years ago! Ouch. Ohh and you’re credit is maxed out.
I got a ride with a lady cab driver. Her and her husband both drove the cab in shifts, so while one was driving the other was home with the kids. I admired that they found a practical, working solution. Had a coworker who would spend almost as much as she made on childcare, because her and her husband has semi-conflicting schedules. Cooperation and prioritizing seems to make a difference.
so she basically left her kids to be raised by strangers to make a child care center owner rich. she should have just stayed home and raised her kids herself! why have them if they will be mostly raised by strangers! part time parent epidemic@@juliadplume3097
I have 3 children their a blessing but even whats cheap its expensive when it comes to them also they take a huge toll on my mental and spirtual health I'm proud of you for being smart and not having children
@elvirubi6732 Most people don't have a clue about what children cost money wise as well as emotionally. Raising children to be good, honest, kind, responsible citizens and members of society is a tremendous amount of hard work. It's not easy.
“Stop being fancy and get the hell over yourself.” 😂 Tell it like it is, Nicole! 😆 Seriously though, you have so many great qualities that I always appreciate, such as your honesty, authenticity, and practicality! 🤗 Love you and your videos! ☺️ Give Levi a belly rub for me! ❤
Why do you think that make sense? She had the right conditions to get stuff done and her priorities are what they are. Many economies need people to spend to keep them working....
it's really a shame that society almost forbids you to openly discuss how many children you can afford. not to mention that when the parents have more children, they have to work harder, leaving less time for each individual child and often ending up not having a deep connection with them. there is a big connection between money and the time you can spend with your children. it is certainly not fulfilling when you wake up at 50 and realize that your 4 children are not interested in you because they hardly spent any time with you, while you would have had a loving family life with 2 children.
The one thing nobody talks about is how expensive having children can be. I'm in my 70's and when I got married, and then pregnant nobody said "you know, this is really going to cost you. Not just at first, but years and years".
As a fellow cheapskate I talked to some ppl about these and turns out that most broke ppl have some type of addiction, they consider normal, whether it is smoking, booze, drugs, junk food and being shopaholics, while living beyond their means. Thanks Nicole
Most people regardless of their financial status have a vice. It's extremely prejudiced to say it's only "broke people", especially when your sample group is so small & one-sided
Liabilities - yes, if you don't resist you will fall into the liability swamp. I don't do subscription cable tv - I have freesat. No netflix or prime, just watch the free stuff - & in the uk there is lots to choose from. Cellphone - buy a medium rated android handset and go sim only pay as you go, look after the handset and i can usually get five years out of them. Cars - always driven good beat up sheds, these usually last over 5 years and theres little depriciation. Internet - cheapest dsl package. 10mb down 1 mb up speed. Services - do gardening, window cleaning, house cleaning myself. Its not what you spend, its what you dont spend that counts.
Hi Nicole I’m following as much as possible your advices and I can see a positive change already. I started cooking for the week and stop spending on things I don’t need. keep posting videos!!
Girl... I'm so glad that I found youuuu! With all the information I need. Someone concise, not overdramatic, funny, cuss and sarcastic 😏 and most of all, smart. I found you 2days ago and have binge watched both days. Thank you! Subscribed.
You touched on it at the end when you said children. Not only children…but partners/spouses, friends! If, either by choice or by default, you are the designated “shopper of essentials” for the home/family…whenever possible…try to shop ALONE! Having others accompany you on purposeful shopping trips can easily turn into a party atmosphere….as in hey, let’s add an ice cream, expensive coffee, eating lunch out, or just buying things that you absolutely would not be buying, if you were shopping alone and focused on getting only what you need…only what you can afford. Save the splurges for dedicated fun times when money has been allocated to cover those little splurges. Then you can enjoy the fun times without regret! But beware…even planned fun outings can be treacherous. Stay away from furniture stores and car dealerships or else you may get home and say, “What did we just do?” Dont ask me how I know!
Excellent advice Nicole! Thank you for sharing your views. You’re right on about loyalty to jobs! You leave your place of employment and they replace you right away. They are not family. If you are close friends with some of your coworkers, they will still be friends outside of the job.
Great vid Nicole. The job point is SO true. I am in a spot right now where either I need a raise or switch jobs. Also the “keeping up with the jones” is one trap that I have fallen into. Mostly when it comes to my kids sports (having to play and pay for a sport year round because all the other kids are doing so).
I would imagine that this is a big challenge as a parent -- making sure that your child is involved in sports, dance, band, etc. because being involved in multiple extracurricular activities is the norm. I would imagine that it's very hard to say no and to explain the cost benefit analysis (and time analysis) of being involved in multiple extracurricular activities.
It’s crazy the travel teams they have for kids sports. I’m glad my older sister warned me away from those! You pay a lot of $ for your kid to be on the team, then you have to pay to travel to games and spend your whole weekend watching kids sports. It’s expensive enough just buying equipment for kids to play sports. They outgrow stuff so fast you are better off buying used if you can
I needed to hear number 8. Thank you so much. My jobs were keeping me poor. I don't have any family so I fell really hard for that "like a family" thing. I was stupidly loyal to bad situations for a long time. Thank you!
It's not the first time i hear someone mentioning that ''you should switch job every 2-3 years to get higher salary'' idea, so i would like to say that this is a bit narrow thinking and covers only one side - salary. Don't know how it's in America or Canada but here in Baltics (i live in Latvia) by staying at the same job you're earning ''street credit''. For example i work in the same company for 6 years now and what i have is: * decent salary; * loyalty holidays (after 5+ years in company you get extra payed holidays; * very good insurance (insurance that is fully payed by employer is rare thing in Baltics + you can get one only after some period of working in the company); * respect and trust from colleagues and management as well because after these many years ''i know the drill'' and can solve problems, so my knowledge is valuable (makes me feel good moarally); * i can do my chores/run errands if needed and get my job done when i'm available by just FYIing my manager (trust); *etc. So the point i want to deliver is that maybe getting a bit higher salary is cool and stuff but you definitely have to evaluate if those few hundred bucks are worse the struggle because at new place you will be the new fish with lost benefits.
I've been trying to convince a friend to see a dentist-she hasn't gone in 10 yrs & assumes because she has no pain, it's fine. She works for the state we live in, so she has good insurance. I once didn't go for years, & things seemed fine, til they weren't & I wound up needing 2 root canals within the same year. Had I just gone & taken care of things, it probably could've been avoided.
Well said. Never skip. And DO get second opinions when major work is recommended. And if no insurance, DO get price quotes from at least 3 dental practices. Can vary $1,000 or more.
The same thing happened to me. I avoided the dentist for five years, then ended up having root canals, fillings and other stuff involving needles and injections! I learned my lesson from that and now go regularly for checkups!
A quick comment about buying quality rather than cheap junk. There are times when the cheap junk is the preferred option. I do most work around my house by myself. There are times when I need a tool for a particular purpose. I find that I can get a version of that tool from a store that sells cheap, crappy tools. I know that the tool will not last me long but at the same time, I only need it to last me for the particular project. And I also know that I can probably sell that tool at a yard sale and get back half what I paid for it. So sometimes, cheap crap IS the way to go.
Ah, a fellow "Harbor Freight Rule" fan, I see! If the tool is used enough to break, then go buy the more expensive one later since you've needed it all along.
On the note of quality, if your car needs a part replaced, check for performance aftermarket parts. For most suspension related parts, you can get a part made of steel instead of the stock hardened aluminum. It'll cost more up front, but the longer life of a steel part will save money over time.
I did the buy once cry once one just yesterday, when i bought a very expensive pair of winter shoes. I had to dip into my savings for it because they are 250€ and I´m currently on unemployment. But I have had to buy winter shoes every two years for years now and the cheaper ones always start becoming leaky on the second winter. And this brand I bought yesterday is known for their shoes lasting 10 years and they offer repairs as well. It´s a purchase I have been anticipating for a long time and it´s the most expensive pair of shoes or just garment I´ve ever owned, but they´re known for their excellent quality, so I hope I won´t have to worry too much for the next decade
Vimes Boots Theory! Terry Pratchett. Vimes boots theory of unfairness "Take boots, for example. He earned $38 a month plus allowances. A really good pair of leather boots cost $50. But an affordable pair of boots, which were sort of OK for a season or two and then leaked like hell when the cardboard gave out, cost about $10. "Those were the kind of boots Vimes always bought, and wore until the soles were so thin that he could tell where he was in Ankh-Morpork on a foggy night by the feel of the cobbles. "But the thing was that good boots lasted for years and years. A man who could afford $50 had a pair of boots that'd still be keeping his feet dry in 10 years' time, while the poor man who could only afford cheap boots would have spent a hundred dollars on boots in the same time and would still have wet feet."
Canadian health care sounds similar to the U.K. NHS, in theory we have access to free dental care, and health care, (and I know some people will argue that it’s not free, because it’s paid for with taxes), but it’s free at the point of service, but NHS dentists are so rare now, that people here, who can’t afford to pay for a private dentist, are now pulling their own teeth out with pliers, and strokes are no longer classed as an emergency, if you need an ambulance, good luck in getting one of those!
Same in Australia. Our Medicare system has been gutted iver 25 years by conservative governments and now dentists aren't included unless you have a concession card (unemployed & pensioners), & GPs are largely not bulk billing anymore so you have to have access to at least $75 at point of service & we get a small rebate.
@@aussiejubes It’s shocking how some governments are putting profit and lining their own pockets before the health and welfare of the people who they’re there to look after.
For mechanics, there's the "Harbor Freight Rule." Harbor Freight is the name of a fairly discount hardware/tool store in the US. If you need a tool, buy it there for cheap. If you use it enough that it eventually breaks, then go back and buy the high-end one.
Ah, the "Vimes' Boots Theory," from author Terry Pratchett. Vimes boots theory of unfairness "Take boots, for example. He earned $38 a month plus allowances. A really good pair of leather boots cost $50. But an affordable pair of boots, which were sort of OK for a season or two and then leaked like hell when the cardboard gave out, cost about $10. "Those were the kind of boots Vimes always bought, and wore until the soles were so thin that he could tell where he was in Ankh-Morpork on a foggy night by the feel of the cobbles. "But the thing was that good boots lasted for years and years. A man who could afford $50 had a pair of boots that'd still be keeping his feet dry in 10 years' time, while the poor man who could only afford cheap boots would have spent a hundred dollars on boots in the same time and would still have wet feet."
The job one and the not paying myself first are the ones I need to correct and hopefully with some staycations coming up, I will be able to do that without any issues.
I love all of this and am personally responsible for committing all of these "wrongs", except the children, although my furry children aren't cheap either. I think what hit home the most was the "buy once, cry once". I have had a hard time paying more for high quality and instead have opted for MORE of cheaper items, and I always regret it, yet it has taken years to correct this behavior. Thanks for the video.
Yes I do work with my hands and had to threaten to leave in order to get a cost of living raise this year! It's an employees market! There's 3 job openings for 1 qualified worker so now's the time to make a move!
Besides being at a job too long and making slightly more than when I started, being burnt out is keeping me poor. I guess that falls under health that you mentioned. I just don't feel confident enough to promote myself as a keener for a new employer. I'm exhausted, look it and feel it.
Just saw these videos as I finished doing a debt resolution for almost $15,000 of debt. Doesn't sound so bad until I tell you that in Feb of 2021 I left prison with almost that much in a savings account. I even had this crazy good budget to keep me on track. Now I'm married, broke, and seriously depressed. But I've been using these ideas already to start the comeback. Thanx so so much. Fuck yeah to your attitude.
Children and pets (especially horses and cats. cats cost a lot more than dogs) eat up a huge chunk of your weatlth, plus they are destructive (especialy kids), so you have to replace/repair a lot of things you shouldn't have to. Boarding a horse can cost over $1000/month in a decent facility. The cost to raise a child to age 18 is about $250K in the US. And that doesn't account for collateral damage.
Most credit cards have a point system where you earn points for your purchases. They offer many types of ways to cash in your points that being said instead of using those points to purchase overpriced items from their catalog, cash those points in for a statement credit or deposit into an savings or checking account.
I LOVE my Otterbox phone case. I tend to drop my phone often, LOL! I learned the hard way about buying cheaply made things and like you, I spent more than I would have if I had just purchased the quality item. I really enjoy these videos.
I'm exhausted, living in a small crappie apartment where I have to share the small narrow entrance as my neighbors from hell. I long for a townhouse apartment, only I need more money, so I sell as much stuff as possibly and save whatever I can at this point. It's not easy and I panic quite easily just by the thought of being stuck here. I have to take up a mortgage and as a frugal person that doesn't like to pay to the bank I struggle with the thought of this so I try to hustle as much as possible, but I know it's inevitable. I have so much stuff at this point (that I'm selling.. Only it takes such a long time) that moving is kinda hard. In mean time I try my best Not to use more money than I have to, but I do find the struggle since I ended up needing bed and stairs for my elderly dog, new bedding and some blankets just to keep it comfy ("hygge") in a otherwise stressful and depressing time. So, because of the extra expenses I find myself needing to sell more.. It's a spiral, but I think as long as it's needed for ones mental health or physically like new needed clothes for warmth and hygiene purposes it's more of a needed purchase. Your videos gives me inspiration btw, so thank you. 💗
But I love her tho 😭 Worse case scenario we'll keep our finances completely separate and do a prenup. That way although her income may not help me reduce my own expenses, her spending won't hurt me either. Her spending isn't the worst but she doesn't want to budget, so the money she makes finds a way to disappear 😕
Definitely guilty of not paying myself first. However, I'm thinking I will be better able to do that in the middle of the month, I will check out the anti-budget video.
It’s so interesting to hear different perspectives of Canada vs US. I’ve been at the same company in America for 18 years. Among other things, I stay for the amazing health, dental, vision etc benefits. So for me, my job isn’t keeping me poor. I agree that loyalty, friends etc is not a financially sound reason to stay.
Such great tips….credit card spending can make you money if you have self discipline and pay your card off every single month. I use mine for EVERYTHING and get cash back on each purchase. And I’m pretty disciplined at buying only what I need with exceptions being just that, not the norm. It’s great to get money back on stuff I needed anyway. One suggestion I think could be a number 11 here…it’s super important to know WHY you are saving. Saving is hard today. I’d love to see you do a video on why it’s important to save (aside from saving for emergencies). Sometimes people think what the heck am I gonna save for?
Facts.....having children is keeping u poor, their nice but I prefer not to share my money with anyone until I have accomplish most if not all of my financial goals
I look forward to your videos every Sunday. Thank you! You're right on about kids making you broke. It's all good though because life is about priorities. I know some parents that are super happy to raise their kids but I also know child free people that are just as happy with their choices. The beauty of living in the West is that we have a choice. BTW I'm childfree and loving every minute ❤
I don’t spend on items but I do spend a lot on travel. I’ve been taking 3 international trips per year. I still set aside money for savings each month though.
Absolutely, I stayed at a few jobs in my past for too long. It taught me that Job was an Experience I No Longer Require. Find Jobs that peaks &/or perks your interest if at all possible. Thank you Nicole for your Content.
Now whilst I wouldn’t change it right now, one thing (or rather 2) that keeps me broke are my two cats! Pets are expensive. Even when they’re perfectly healthy and have minimal Vet visits. Their food and their litter alone costs more per month than food for myself and my adult daughter. 😮
I always try to push my iPhone to operate for 5 years, and then anything beyond that is a bonus. I'll keep it going until the software just doesn't work anymore! Still got my iPhone XR on the go 😎
I had a friend as a helper for over 2 years. He was offered a better job by another mutual friend and respectfully put in his two weeks notice. I said no. Take the job now before they wise up and change their minds. Why? They offered him salary pay (which I could not do). I immediately hired a new guy to train. Heres the thing; I had lunch with him and his new boss the the other day. It was strictly business and theres no hard feelings. He didn't get everything promised but he loves the salary pay.
I put a TON of things on the credit card to earn rewards and I get to use them for flights, chess tournaments and what have you, but I DO pay them off every month.
My mother was once very annoyed, I bought a briefcase of the brand Cavalet to go to school with, I used it for 20 years, that was for sure cheaper than buying a new cheap thing every 2 years... I guess they don't make 'm like that anymore... pitty. Later she admitted that indeed it had been like a sain thing to buy.
I agree about many points you listed, especially about having emergency fund. Due to miscommunication between me and my partner we accidentally spent most of our savings. He thought I am following our bank accounts closely while I thought we are just not touching savings accounts unless it comes to real emergencies, so I wasn't checking our accounts. And now, when emergency came, we had to take a small loan and we will be paying 400 euros in interest rate 😑 Never making this mistake again. That said, although I agree with many points you list, I am not a fan of the Rich Dad Poor Dad book. I think If Books Could Kill podcast's episode on this book nicely highlights its weaknesses and I suggest you listen to it to get another perspective on the ideas presented in the book.
1. Don't buy it if you cannot afford it in cash. 2. Cut on optional nutrition (energy drinks, protein powders, french fries, or fast food in general). 3. Always have your rent + bills money covered up first. 4. Set a monthly "savings dip percentage", you don't want to end up with 0% savings every month.
100% right about investing in your health! My dad was a long time smoker and drinker. He has been in and out of the hospital over the years. He was just in the hospital because of diabetes. I asked if he would quit smoking when he got out since he had 2 weeks in there to detox. He said no. Doctors are telling him directly that smoking is causing some of his health problems, that not eating right is causing problems, and drinking in the past is causing problems, but he still doesn't want to change.... I'm in my early 40s. I try to eat pretty healthy, and don't have any health issues. All of my friends are telling me that they have arthritis (most are younger than I am). They don't get that there is a direct connection to what you eat causing this..... end of rant!
i certainly have changed my jobs over the years from the age of 16 to 56 i have had about 58 jobs lol some i have left because of moving some i just hated and i got made redundant from one and told i was not right for the job on one of them !
Once again, you make some excellent points! I especially like what you said about job loyalty. It’s insane for you to not always be looking for a better opportunity, even if you’ve landed your dream position. Jobs are just that - jobs! And you’re so right, if your friend got you in the door that friend will be happy for you when you get into a better door.
I understand what you are saying about phone cases, but it's on you to understand what a case is made of. You need to understand what you are buying. I am currently using a $5 case on this phone. I dropped it down stairs and thought my phone would break. It BOUNCED! That was months ago and the phone is still working fine. I actually bought another similar phone for $60 (on a terrific sale) because I was so sure this phone would die but no, it's still working. And now I have an inexpensive spare device if I drop my phone down stairs, or in water...which is something I have done with a prior device.
I once had the good fortune to buy a new car with cash,the sales people wanted me to finance,they didn’t seem to understand how to deal with a cash sale!
Buying Dr. Martens shoes (not boots) when I found them on sale 10 years ago (they were still not cheap though) really changed my perspective on consumption. They are some of the most comfortable shoes I've ever worn, and I've worn them to death. After a decade of wearing them, they only look a little worn out. Before, due to my extensive walking, I used to buy a new pair of shoes every year, if not more often. In many cases, the saying 'I'm too poor to buy cheap' truly applies.
Hi from Sarina Ontario I love your videos I get what your saying about spending the high cost of fruits and vegetables because you can't put a price on your health , but I refuse to pay that high price for produce that is laced with poisons and God only know else and I don't call that healthy eating .It's hard to find a variety of organic produce
I'm loving your videos. However, I'm finding the background music annoying. Thanks for all you're doing. I'm certain you are making a difference for many people.
I know a guy that lives way beyond his income. Has to have the best of everything. House, cars, toys. He doesn't have enough money to buy a coffee in the morning. He likes coming off as a high roller though. Absolutely "A keeping up with the Joneses" type. I don't know why some people feel the need to impress people with their material things. Especially when they can't afford it. I'm a minimalist with a nice chunk of change in the bank and love it! I don't stress about money woes at all.
I’ve been in highs and lows for a while but this year, thanks to you, calub hammer, and my s/o I have been putting money into my saving account I’m 5k in, it’s been a crazy ride especially having adhd, it makes you impulsive spend, however I learned to control myself and my adhd 😊
Here in the US, Healthcare is ridiculously expensive. A few years ago, my husband worked for a company as an IT contractor so we didn't have health insurance through the company. We had to pay for it ourselves at $1,350 per month and the deductible was $7,500. After the deductible we paid 20%. I needed surgery so that year we paid more than $25,000!!!
Wise wise words, thank you for sharing ! Watching videos like yours keeps me on financial track and reminds me why I do the things I do; that last comment is hilarious 😂 getting married at the end of the year and going to do everything in my power to avoid kids🙃 till a certain financial goal is met; kids aren’t cheap !🙃🙃😂
I see people complain about the cost of living and then I seem them buying expensive foods at the supermarket. That is one area that takes a lot of your money. Try to eat inexpensive foods and eat less. Of course eat healthily.
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Too many subscriptions can also add to one's financial burden.😉
There was no rich or poor dad, the story is a fiction.
@@artsyladie7i😅😅j😅😅😅njm😅j😅n😅nj😅n😅n😅n😅j😅jn😅n 18:35 18:35 18:35 18:35 18:35
Co-workers forget “friendship” in the blink of an eye the moment you leave.
When I retired, I found that the adage "out of sight, out of mind" to be true. While I am still included on some of my former colleagues FB postings from time to time, that's about it. I knew it would be that way, and I'm okay with that. Work friendships are great, but those friendships usually fade away once you leave the workplace.
Credit card pay off every month that has cash back and if you can't pay cash don't buy it but what you need and what are two different things,and car I do all my own repairs and never buy new ,phone 150 dollars and keep for 2 yrs at least
My job kept me poor partly by staying there, but it made me ill. It was so toxic it almost destroyed me. My coping mechanism was buying stuff to make me happy and to reward myself for staying there. Now left there, much happier but poorer. Now decluttering all the crap I bought.
I've been there. Now when I get a new job and see that it's toxic, I walk out. A few imes I have gone to lunch & just not gone back. Eff those jobs, I have never had a problem finding another job.
*hug*
As a neurodivergent person.. I appreciate how candid, articulate, direct and blunt you are 😊 it is very refreshining, accountable and educational.😊
Who cares.
Agree with all Nicole, especially health. Pay the farmer now or the doctor later.
💯
Your anti-budget changed my life. Literally! I had been trying to budget for years without succes until your anti-budget video. It is simple to understand and the key for me was that it has essentially 2 categories, fixed expenses and discretionary. Thank you so much Nicole.
That makes me so happy to hear!
I’m still trying to understand why you need that $75,000 vehicle and drive on balding tires?
What you didn’t see that $2,000 coming three years ago! Ouch.
Ohh and you’re credit is maxed out.
Paying yourself first is a game changer.
I'm child free, almost 30 and still broke. I can't imagine paying for kids and working too lol😊
I got a ride with a lady cab driver. Her and her husband both drove the cab in shifts, so while one was driving the other was home with the kids. I admired that they found a practical, working solution. Had a coworker who would spend almost as much as she made on childcare, because her and her husband has semi-conflicting schedules. Cooperation and prioritizing seems to make a difference.
so she basically left her kids to be raised by strangers to make a child care center owner rich. she should have just stayed home and raised her kids herself! why have them if they will be mostly raised by strangers! part time parent epidemic@@juliadplume3097
I have 3 children their a blessing but even whats cheap its expensive when it comes to them also they take a huge toll on my mental and spirtual health I'm proud of you for being smart and not having children
@elvirubi6732 Most people don't have a clue about what children cost money wise as well as emotionally. Raising children to be good, honest, kind, responsible citizens and members of society is a tremendous amount of hard work. It's not easy.
Kids reward you if you teach them about God and his laws at a young age. They will give you much help and hope as you age
“Stop being fancy and get the hell over yourself.” 😂 Tell it like it is, Nicole! 😆 Seriously though, you have so many great qualities that I always appreciate, such as your honesty, authenticity, and practicality! 🤗 Love you and your videos! ☺️ Give Levi a belly rub for me! ❤
Why do you think that make sense? She had the right conditions to get stuff done and her priorities are what they are. Many economies need people to spend to keep them working....
When I get a compliment on my haircut I tell people I cut it myself and immediately they call me cheap?
I don’t get it!
They’re just jealous! ❤
Don't tell them! Did you ever hear the saying: you have to stop telling bad spirits good news!
it's really a shame that society almost forbids you to openly discuss how many children you can afford. not to mention that when the parents have more children, they have to work harder, leaving less time for each individual child and often ending up not having a deep connection with them. there is a big connection between money and the time you can spend with your children. it is certainly not fulfilling when you wake up at 50 and realize that your 4 children are not interested in you because they hardly spent any time with you, while you would have had a loving family life with 2 children.
The one thing nobody talks about is how expensive having children can be. I'm in my 70's and when I got married, and then pregnant nobody said "you know, this is really going to cost you. Not just at first, but years and years".
As a fellow cheapskate I talked to some ppl about these and turns out that most broke ppl have some type of addiction, they consider normal, whether it is smoking, booze, drugs, junk food and being shopaholics, while living beyond their means. Thanks Nicole
This is very true.
Most people regardless of their financial status have a vice. It's extremely prejudiced to say it's only "broke people", especially when your sample group is so small & one-sided
@@aussiejubes Guiardintek did not say that only broke people have a vice.
@@rosieposie9564 that was their point, or it would have been a moot point that didn't need to be said.
@@rosieposie9564 The image is very important to folks.
Lifestyle creep and one upmanship are so real! Thanks for calling both out.
Liabilities - yes, if you don't resist you will fall into the liability swamp.
I don't do subscription cable tv - I have freesat.
No netflix or prime, just watch the free stuff - & in the uk there is lots to choose from.
Cellphone - buy a medium rated android handset and go sim only pay as you go, look after the handset and i can usually get five years out of them.
Cars - always driven good beat up sheds, these usually last over 5 years and theres little depriciation.
Internet - cheapest dsl package. 10mb down 1 mb up speed.
Services - do gardening, window cleaning, house cleaning myself.
Its not what you spend, its what you dont spend that counts.
Hi Nicole I’m following as much as possible your advices and I can see a positive change already.
I started cooking for the week and stop spending on things I don’t need.
keep posting videos!!
“stop being fancy and get the hell over yourself” Love it!👏
omg girl you right with the last one but we love our fur babies lol
Girl... I'm so glad that I found youuuu! With all the information I need. Someone concise, not overdramatic, funny, cuss and sarcastic 😏 and most of all, smart. I found you 2days ago and have binge watched both days. Thank you! Subscribed.
You touched on it at the end when you said children. Not only children…but partners/spouses, friends!
If, either by choice or by default, you are the designated “shopper of essentials” for the home/family…whenever possible…try to shop ALONE! Having others accompany you on purposeful shopping trips can easily turn into a party atmosphere….as in hey, let’s add an ice cream, expensive coffee, eating lunch out, or just buying things that you absolutely would not be buying, if you were shopping alone and focused on getting only what you need…only what you can afford. Save the splurges for dedicated fun times when money has been allocated to cover those little splurges. Then you can enjoy the fun times without regret! But beware…even planned fun outings can be treacherous. Stay away from furniture stores and car dealerships or else you may get home and say, “What did we just do?” Dont ask me how I know!
Excellent advice Nicole! Thank you for sharing your views. You’re right on about loyalty to jobs! You leave your place of employment and they replace you right away. They are not family. If you are close friends with some of your coworkers, they will still be friends outside of the job.
Great vid Nicole. The job point is SO true. I am in a spot right now where either I need a raise or switch jobs. Also the “keeping up with the jones” is one trap that I have fallen into. Mostly when it comes to my kids sports (having to play and pay for a sport year round because all the other kids are doing so).
I would imagine that this is a big challenge as a parent -- making sure that your child is involved in sports, dance, band, etc. because being involved in multiple extracurricular activities is the norm. I would imagine that it's very hard to say no and to explain the cost benefit analysis (and time analysis) of being involved in multiple extracurricular activities.
It’s crazy the travel teams they have for kids sports. I’m glad my older sister warned me away from those! You pay a lot of $ for your kid to be on the team, then you have to pay to travel to games and spend your whole weekend watching kids sports. It’s expensive enough just buying equipment for kids to play sports. They outgrow stuff so fast you are better off buying used if you can
Never fell for that sport thing. My 22 year old did field events track. Was $250 included uniform, pics etc.
Nicole rants are the BEST rants 😊❤
There are many more where that came from 🤣
I needed to hear number 8. Thank you so much. My jobs were keeping me poor. I don't have any family so I fell really hard for that "like a family" thing. I was stupidly loyal to bad situations for a long time. Thank you!
It's not the first time i hear someone mentioning that ''you should switch job every 2-3 years to get higher salary'' idea, so i would like to say that this is a bit narrow thinking and covers only one side - salary. Don't know how it's in America or Canada but here in Baltics (i live in Latvia) by staying at the same job you're earning ''street credit''. For example i work in the same company for 6 years now and what i have is:
* decent salary;
* loyalty holidays (after 5+ years in company you get extra payed holidays;
* very good insurance (insurance that is fully payed by employer is rare thing in Baltics + you can get one only after some period of working in the company);
* respect and trust from colleagues and management as well because after these many years ''i know the drill'' and can solve problems, so my knowledge is valuable (makes me feel good moarally);
* i can do my chores/run errands if needed and get my job done when i'm available by just FYIing my manager (trust);
*etc.
So the point i want to deliver is that maybe getting a bit higher salary is cool and stuff but you definitely have to evaluate if those few hundred bucks are worse the struggle because at new place you will be the new fish with lost benefits.
I've been trying to convince a friend to see a dentist-she hasn't gone in 10 yrs & assumes because she has no pain, it's fine. She works for the state we live in, so she has good insurance. I once didn't go for years, & things seemed fine, til they weren't & I wound up needing 2 root canals within the same year. Had I just gone & taken care of things, it probably could've been avoided.
Well said. Never skip. And DO get second opinions when major work is recommended. And if no insurance, DO get price quotes from at least 3 dental practices. Can vary $1,000 or more.
The same thing happened to me. I avoided the dentist for five years, then ended up having root canals, fillings and other stuff involving needles and injections! I learned my lesson from that and now go regularly for checkups!
I LOVE THE CALEB HAMMER REFERENCE! Been binging his and your video for bettering my life. Thank you!!!
Same! 🥰
A quick comment about buying quality rather than cheap junk. There are times when the cheap junk is the preferred option. I do most work around my house by myself. There are times when I need a tool for a particular purpose. I find that I can get a version of that tool from a store that sells cheap, crappy tools. I know that the tool will not last me long but at the same time, I only need it to last me for the particular project. And I also know that I can probably sell that tool at a yard sale and get back half what I paid for it. So sometimes, cheap crap IS the way to go.
Ah, a fellow "Harbor Freight Rule" fan, I see! If the tool is used enough to break, then go buy the more expensive one later since you've needed it all along.
Some would say eating beans and rice and greens is extreme and some would say tripple bypass is extreme take your pick ❤
On the note of quality, if your car needs a part replaced, check for performance aftermarket parts. For most suspension related parts, you can get a part made of steel instead of the stock hardened aluminum. It'll cost more up front, but the longer life of a steel part will save money over time.
I did the buy once cry once one just yesterday, when i bought a very expensive pair of winter shoes.
I had to dip into my savings for it because they are 250€ and I´m currently on unemployment. But I have had to buy winter shoes every two years for years now and the cheaper ones always start becoming leaky on the second winter.
And this brand I bought yesterday is known for their shoes lasting 10 years and they offer repairs as well. It´s a purchase I have been anticipating for a long time and it´s the most expensive pair of shoes or just garment I´ve ever owned, but they´re known for their excellent quality, so I hope I won´t have to worry too much for the next decade
So it works out cheaper in the long run
Vimes Boots Theory! Terry Pratchett.
Vimes boots theory of unfairness
"Take boots, for example. He earned $38 a month plus allowances. A really good pair of leather boots cost $50. But an affordable pair of boots, which were sort of OK for a season or two and then leaked like hell when the cardboard gave out, cost about $10.
"Those were the kind of boots Vimes always bought, and wore until the soles were so thin that he could tell where he was in Ankh-Morpork on a foggy night by the feel of the cobbles.
"But the thing was that good boots lasted for years and years. A man who could afford $50 had a pair of boots that'd still be keeping his feet dry in 10 years' time, while the poor man who could only afford cheap boots would have spent a hundred dollars on boots in the same time and would still have wet feet."
Canadian health care sounds similar to the U.K. NHS, in theory we have access to free dental care, and health care, (and I know some people will argue that it’s not free, because it’s paid for with taxes), but it’s free at the point of service, but NHS dentists are so rare now, that people here, who can’t afford to pay for a private dentist, are now pulling their own teeth out with pliers, and strokes are no longer classed as an emergency, if you need an ambulance, good luck in getting one of those!
Pulling their own teeth out with pliers??? 😳😳😳😳
@@AccordingtoNicole I know, it’s pretty bad over here just now.
Same in Australia. Our Medicare system has been gutted iver 25 years by conservative governments and now dentists aren't included unless you have a concession card (unemployed & pensioners), & GPs are largely not bulk billing anymore so you have to have access to at least $75 at point of service & we get a small rebate.
@@aussiejubes It’s shocking how some governments are putting profit and lining their own pockets before the health and welfare of the people who they’re there to look after.
Quality is an important one especially with Saltwater aquarium equipment... 😉
"Buy nice or buy it twice" = "buy once, cry once"
For mechanics, there's the "Harbor Freight Rule." Harbor Freight is the name of a fairly discount hardware/tool store in the US.
If you need a tool, buy it there for cheap. If you use it enough that it eventually breaks, then go back and buy the high-end one.
Ah, the "Vimes' Boots Theory," from author Terry Pratchett.
Vimes boots theory of unfairness
"Take boots, for example. He earned $38 a month plus allowances. A really good pair of leather boots cost $50. But an affordable pair of boots, which were sort of OK for a season or two and then leaked like hell when the cardboard gave out, cost about $10.
"Those were the kind of boots Vimes always bought, and wore until the soles were so thin that he could tell where he was in Ankh-Morpork on a foggy night by the feel of the cobbles.
"But the thing was that good boots lasted for years and years. A man who could afford $50 had a pair of boots that'd still be keeping his feet dry in 10 years' time, while the poor man who could only afford cheap boots would have spent a hundred dollars on boots in the same time and would still have wet feet."
The job one and the not paying myself first are the ones I need to correct and hopefully with some staycations coming up, I will be able to do that without any issues.
I love all of this and am personally responsible for committing all of these "wrongs", except the children, although my furry children aren't cheap either. I think what hit home the most was the "buy once, cry once". I have had a hard time paying more for high quality and instead have opted for MORE of cheaper items, and I always regret it, yet it has taken years to correct this behavior. Thanks for the video.
Like America, Canada has a housing and apartment shortage. This was a shock to me when I learned about this issue.
Yes I do work with my hands and had to threaten to leave in order to get a cost of living raise this year! It's an employees market! There's 3 job openings for 1 qualified worker so now's the time to make a move!
Besides being at a job too long and making slightly more than when I started, being burnt out is keeping me poor. I guess that falls under health that you mentioned. I just don't feel confident enough to promote myself as a keener for a new employer. I'm exhausted, look it and feel it.
New subscriber here - love the channel
Just saw these videos as I finished doing a debt resolution for almost $15,000 of debt. Doesn't sound so bad until I tell you that in Feb of 2021 I left prison with almost that much in a savings account. I even had this crazy good budget to keep me on track. Now I'm married, broke, and seriously depressed. But I've been using these ideas already to start the comeback. Thanx so so much. Fuck yeah to your attitude.
doing a side hustle-likeselling stuff on craigslist helps
Children and pets (especially horses and cats. cats cost a lot more than dogs) eat up a huge chunk of your weatlth, plus they are destructive (especialy kids), so you have to replace/repair a lot of things you shouldn't have to. Boarding a horse can cost over $1000/month in a decent facility. The cost to raise a child to age 18 is about $250K in the US. And that doesn't account for collateral damage.
Most credit cards have a point system where you earn points for your purchases. They offer many types of ways to cash in your points that being said instead of using those points to purchase overpriced items from their catalog, cash those points in for a statement credit or deposit into an savings or checking account.
I LOVE my Otterbox phone case. I tend to drop my phone often, LOL! I learned the hard way about buying cheaply made things and like you, I spent more than I would have if I had just purchased the quality item. I really enjoy these videos.
I'm exhausted, living in a small crappie apartment where I have to share the small narrow entrance as my neighbors from hell. I long for a townhouse apartment, only I need more money, so I sell as much stuff as possibly and save whatever I can at this point. It's not easy and I panic quite easily just by the thought of being stuck here. I have to take up a mortgage and as a frugal person that doesn't like to pay to the bank I struggle with the thought of this so I try to hustle as much as possible, but I know it's inevitable. I have so much stuff at this point (that I'm selling.. Only it takes such a long time) that moving is kinda hard. In mean time I try my best Not to use more money than I have to, but I do find the struggle since I ended up needing bed and stairs for my elderly dog, new bedding and some blankets just to keep it comfy ("hygge") in a otherwise stressful and depressing time. So, because of the extra expenses I find myself needing to sell more.. It's a spiral, but I think as long as it's needed for ones mental health or physically like new needed clothes for warmth and hygiene purposes it's more of a needed purchase.
Your videos gives me inspiration btw, so thank you. 💗
A partner whose spending habits are worse than yours.
Good one!
But I love her tho 😭
Worse case scenario we'll keep our finances completely separate and do a prenup. That way although her income may not help me reduce my own expenses, her spending won't hurt me either.
Her spending isn't the worst but she doesn't want to budget, so the money she makes finds a way to disappear 😕
Definitely guilty of not paying myself first. However, I'm thinking I will be better able to do that in the middle of the month, I will check out the anti-budget video.
It’s so interesting to hear different perspectives of Canada vs US. I’ve been at the same company in America for 18 years. Among other things, I stay for the amazing health, dental, vision etc benefits. So for me, my job isn’t keeping me poor. I agree that loyalty, friends etc is not a financially sound reason to stay.
Such great tips….credit card spending can make you money if you have self discipline and pay your card off every single month. I use mine for EVERYTHING and get cash back on each purchase. And I’m pretty disciplined at buying only what I need with exceptions being just that, not the norm. It’s great to get money back on stuff I needed anyway.
One suggestion I think could be a number 11 here…it’s super important to know WHY you are saving. Saving is hard today. I’d love to see you do a video on why it’s important to save (aside from saving for emergencies). Sometimes people think what the heck am I gonna save for?
Sharon, I agree. I don't carry a balance, and I use my points to pay for travel or other indulgences.
This was the lecture I needed today. Thanks Nicole. ❤️
Facts.....having children is keeping u poor, their nice but I prefer not to share my money with anyone until I have accomplish most if not all of my financial goals
I look forward to your videos every Sunday. Thank you! You're right on about kids making you broke. It's all good though because life is about priorities. I know some parents that are super happy to raise their kids but I also know child free people that are just as happy with their choices. The beauty of living in the West is that we have a choice. BTW I'm childfree and loving every minute ❤
Completely agree. Love being childfree as well. I have an amazing partner and support system
just don't bitch and rant on tiktok about being single and childless at 40+ . Those vids are soooo tiring.
Yay Caleb! I once wasn't a credit card person. Paid off all my debt except for my condo. Love being debt free.
I don’t spend on items but I do spend a lot on travel. I’ve been taking 3 international trips per year. I still set aside money for savings each month though.
Absolutely, I stayed at a few jobs in my past for too long. It taught me that Job was an Experience I No Longer Require. Find Jobs that peaks &/or perks your interest if at all possible. Thank you Nicole for your Content.
Now whilst I wouldn’t change it right now, one thing (or rather 2) that keeps me broke are my two cats! Pets are expensive. Even when they’re perfectly healthy and have minimal Vet visits. Their food and their litter alone costs more per month than food for myself and my adult daughter. 😮
I always try to push my iPhone to operate for 5 years, and then anything beyond that is a bonus. I'll keep it going until the software just doesn't work anymore!
Still got my iPhone XR on the go 😎
poor is a mindset not a job! become profitable! independent agent! thanks Nicole!! smart wellspoken
I had a friend as a helper for over 2 years. He was offered a better job by another mutual friend and respectfully put in his two weeks notice. I said no. Take the job now before they wise up and change their minds. Why? They offered him salary pay (which I could not do). I immediately hired a new guy to train.
Heres the thing; I had lunch with him and his new boss the the other day. It was strictly business and theres no hard feelings. He didn't get everything promised but he loves the salary pay.
1:28 loved seeing a caleb clip
I agree with your conclusions. I also love your bentwood barstools.
Good points, thank you!
I put a TON of things on the credit card to earn rewards and I get to use them for flights, chess tournaments and what have you, but I DO pay them off every month.
Finally someone who says it... thank you for validating one of the many reasons i do not want children. Love them but don't want them.
my favorite point was the one that will piss some off. :D
Great points Nicole, accountability is key 🗝
My mother was once very annoyed, I bought a briefcase of the brand Cavalet to go to school with, I used it for 20 years, that was for sure cheaper than buying a new cheap thing every 2 years... I guess they don't make 'm like that anymore... pitty. Later she admitted that indeed it had been like a sain thing to buy.
I agree about many points you listed, especially about having emergency fund. Due to miscommunication between me and my partner we accidentally spent most of our savings. He thought I am following our bank accounts closely while I thought we are just not touching savings accounts unless it comes to real emergencies, so I wasn't checking our accounts. And now, when emergency came, we had to take a small loan and we will be paying 400 euros in interest rate 😑 Never making this mistake again. That said, although I agree with many points you list, I am not a fan of the Rich Dad Poor Dad book. I think If Books Could Kill podcast's episode on this book nicely highlights its weaknesses and I suggest you listen to it to get another perspective on the ideas presented in the book.
1. Don't buy it if you cannot afford it in cash.
2. Cut on optional nutrition (energy drinks, protein powders, french fries, or fast food in general).
3. Always have your rent + bills money covered up first.
4. Set a monthly "savings dip percentage", you don't want to end up with 0% savings every month.
100% right about investing in your health! My dad was a long time smoker and drinker. He has been in and out of the hospital over the years. He was just in the hospital because of diabetes. I asked if he would quit smoking when he got out since he had 2 weeks in there to detox. He said no. Doctors are telling him directly that smoking is causing some of his health problems, that not eating right is causing problems, and drinking in the past is causing problems, but he still doesn't want to change.... I'm in my early 40s. I try to eat pretty healthy, and don't have any health issues. All of my friends are telling me that they have arthritis (most are younger than I am). They don't get that there is a direct connection to what you eat causing this..... end of rant!
The preservatives in frozen dinners and meals will give you stiff legs really fast....it's the preservatives that cause the inflammation.
i certainly have changed my jobs over the years from the age of 16 to 56 i have had about 58 jobs lol some i have left because of moving some i just hated and i got made redundant from one and told i was not right for the job on one of them !
Once again, you make some excellent points! I especially like what you said about job loyalty. It’s insane for you to not always be looking for a better opportunity, even if you’ve landed your dream position. Jobs are just that - jobs! And you’re so right, if your friend got you in the door that friend will be happy for you when you get into a better door.
I understand what you are saying about phone cases, but it's on you to understand what a case is made of. You need to understand what you are buying. I am currently using a $5 case on this phone. I dropped it down stairs and thought my phone would break. It BOUNCED! That was months ago and the phone is still working fine. I actually bought another similar phone for $60 (on a terrific sale) because I was so sure this phone would die but no, it's still working. And now I have an inexpensive spare device if I drop my phone down stairs, or in water...which is something I have done with a prior device.
Love the Fight Club clip!!!
Cutaways are funny!
I once had the good fortune to buy a new car with cash,the sales people wanted me to finance,they didn’t seem to understand how to deal with a cash sale!
Job. Absolutely
Buying Dr. Martens shoes (not boots) when I found them on sale 10 years ago (they were still not cheap though) really changed my perspective on consumption. They are some of the most comfortable shoes I've ever worn, and I've worn them to death. After a decade of wearing them, they only look a little worn out. Before, due to my extensive walking, I used to buy a new pair of shoes every year, if not more often. In many cases, the saying 'I'm too poor to buy cheap' truly applies.
You're my new favorite channel.
Hi from Sarina Ontario I love your videos
I get what your saying about spending the high cost of fruits and vegetables because you can't put a price on your health , but I refuse to pay that high price for produce that is laced with poisons and God only know else and I don't call that healthy eating .It's hard to find a variety of organic produce
I'm loving your videos. However, I'm finding the background music annoying. Thanks for all you're doing. I'm certain you are making a difference for many people.
i LOVE Caleb! I go to buy something and I hear him yelling DEATH DEEEAAATTTTHHHHHH. It's very effective. LOL
the Hammer camio was great
Sound advice.
I like the meal idea, at the start of video.
I love the tough love.
I know a guy that lives way beyond his income. Has to have the best of everything. House, cars, toys.
He doesn't have enough money to buy a coffee in the morning. He likes coming off as a high roller though.
Absolutely "A keeping up with the Joneses" type. I don't know why some people feel the need to impress people with their material things. Especially when they can't afford it. I'm a minimalist with a nice chunk of change in the bank and love it! I don't stress about money woes at all.
I’ve been in highs and lows for a while but this year, thanks to you, calub hammer, and my s/o I have been putting money into my saving account I’m 5k in, it’s been a crazy ride especially having adhd, it makes you impulsive spend, however I learned to control myself and my adhd 😊
i live for free on an boat at work. so theres ways to lower costs on even the nessesities
Excellent message. Can be painful. But in the end it is good advice. Thank you Nicole👏🥰🥰🥰🥰
Love the Caleb hammer reference 😊
Here in the US, Healthcare is ridiculously expensive. A few years ago, my husband worked for a company as an IT contractor so we didn't have health insurance through the company. We had to pay for it ourselves at $1,350 per month and the deductible was $7,500. After the deductible we paid 20%. I needed surgery so that year we paid more than $25,000!!!
Wise wise words, thank you for sharing ! Watching videos like yours keeps me on financial track and reminds me why I do the things I do; that last comment is hilarious 😂 getting married at the end of the year and going to do everything in my power to avoid kids🙃 till a certain financial goal is met; kids aren’t cheap !🙃🙃😂
I LOVE HOW MUCH YOU REFERENCE THE SIMPSONS
Sometimes I wonder if it’s too much but then I remember that I don’t care 😂
You make a minimum payment when it's due, then make a larger payment when convenient later in the month.
I see people complain about the cost of living and then I seem them buying expensive foods at the supermarket. That is one area that takes a lot of your money. Try to eat inexpensive foods and eat less. Of course eat healthily.
Excellent, loved it, thanks🙏
Girl kids are expensive. We have 3. One is in college and it feels like we are hemorrhaging money. 😩. I love my kids but you are right.
Shoulda got a puppy instead 🙃
@According to Nicole we have a puppy and she is expensive too lol.
@@AccordingtoNicole LOL!
" Get the hell over yourself " LMAO !!! Love It !!!! You Rock !