8 Money Habits That Keep You Poor (STOP SELF SABOTAGE)
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- Опубликовано: 14 май 2024
- Most of what we do with our money everyday is unconscious. The more aware you are of your money habits, the faster you can reach your financial goals. Without realizing it, you might be doing these 8 money habits that keep you poor. See if you recognize any of these bad money habits in yourself, and what money habits to break this year. These habits keep you poor, and in this video I share my best personal finance tips for breaking bad money habits and replacing them with GOOD money habits!
**ATTENTION: I have a new Instagram and TikTok handle @itsrosehan **
That's my official account, and I will NEVER message you about investment schemes, so please be careful and block & report any scammers posing as me.
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**BOOKS I RECOMMEND 📚**
I Will Teach You to Be Rich (hilarious how-to book on personal finance for millennials)
amzn.to/2VbJ1Pt
The Little Book of Common Sense Investing (Jack Bogle's classic advice on index funds)
amzn.to/32ewzjj
InvestED (step-by-step, millennial-friendly advice on how to pick stocks like Warren Buffett)
amzn.to/2SLTYpn
Unshakeable (this book = courage. blast ALL the fears & misconceptions you have about investing)
amzn.to/2SKyklt
Rich Dad Poor Dad (#1 selling personal finance book of all time... need I say more?)
amzn.to/2SJ6vtx
Think and Grow Rich (the ultimate book on money mindset and wealth consciousness)
amzn.to/37N2adc
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**MY FAVORITE MONEY TOOLS 🖤**
YNAB (I literally can't live without this budgeting app, so obsessed)
www.youneedabudget.com/?ref=Y...
Wise (like Venmo but for international currencies - I use this app a LOT for my life in Mexico)
wise.prf.hn/l/413jE0q
Ledger Nano S (crypto storage hardware wallet, because "Not Your Keys, Not Your Crypto"!):
amzn.to/3Ne37jy
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DISCLAIMERS & DISCLOSURES ❤
This content is for education and entertainment purposes only. Rose does not provide tax or investment advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors. Past performance is not indicative of future results. All investing involves risk, including the possible loss of principal.
This description contains affiliate links that allow you to find the items mentioned in this video and support the channel at no cost to you. Investing With Rose is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to www.amazon.com. Thank you for your support!
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• 8 Money Habits That Ke...
Hi everyone 🖤 Do you recognize yourself doing any of these money habits? Let me know! And please show me some love in the comments... for the RUclips algorithm 😎
Yes, you are right! I do have these bad habits also. Better to know your priorities than look rich, lol.
My bills to high can’t save
I had to learn everything the hard way but I learned. I started with a spreadsheet listing all of my expenses subtracting from my paycheck. I turned off some services, and stopped buying lunch. I was wasting a lot of money at happy hour and hanging out which I cut back on big time. I increased my Roth contributions and picked up a side hustle which I use to invest. Paying yourself first works, I watch these videos to keep myself inspired and stay on the path.
I’m not ready to invest yet. I’m still in Baby Step #2
jazzyjerome yessssss get it Jerome 💪🏼
I’d rather have $1000 in a $10 purse than $10 in a $1000 purse.... great tips
Very smart way of thinking. I’d rather have $1010 and no purse.
Cristofer Gamez even better 😊!!
$1,000,000.00 and a plastic grocery bag😆!
@@cristofergamez327 you are living in 2200
So, why would I want to rock a cheap bag just to save money?!?
What are you working and saving money for, to rock a cheap bag?!?!
I understand saving money BUT, to horde it and live a cheap low quality life is not the way to go in my opinions. BUT, I understand, we all have opinions right?
"Treat saving money as a bill." This truly resonates with me.
That is how I do it (age 28) and with that mindset I got credit worthy (you should have 15-20% of the house price in your bank) in Germany and now I own my house. That is not about braggin it is about when you have the options and grow up living in middle class it is possible.
Honestly I felt that when you said making more isn’t always the answer. Back when I was making $1600/month I’d live pay cheque to pay cheque. Now I make over $7000/month and my bills are just over $4000/month and I spend over $2000/month on random shit like fast food or Starbucks or Amazon. You need to kick the habits, or they just expand with your income.
You are SO right!!! Most rich people I know are very tight with their money and pinch pennies until they scream. 🤑🤣
how are your bills 4000 a month you need to cut back and you'd have more money
@@swolfe9668 I figure they talking about rent /mortgage that can be 2000 and then some . Then there’s utilities, groceries , cell phone bills , daycare if they have kids , car payments , gas , and car insurance
True
@@happycook6737 penny's feeling the pinch🤣🤣🤣🤣
Pay yourself first, I can't believe how simple yet profound of a statement this is, I never for a second thought I was paying myself last, however in hindsight it was so obvious😲
#1 - Paying yourself last (1:00)
#2 - Keeping up with friends that have expensive taste (3:07)
#3 - Overusing your credit card because of points/rewards (5:12)
#4 - Having disorganized finances (7:07)
#5 - Getting too comfortable with debt (9:35)
#6 - Paying extra due to lack of planning (11:26)
#7 - Paying too much in taxes (12:40)
#8 - Waiting too long to start investing (13:35)
#4 just use a pen and a note book. All the numbers will stick in your head better if you write it down yourself.
thank you
Thank you for doing this list.
Thanks mate!
Thank you!!!!
"Don't be afraid to turn down invitations" the introvert in me... "no problem, done."
Saaame meeee, 🤣☠️☠️
😂👌
You make friends?!?!
lol I felt that!!! 😂🤣
Me too. Also don't try to compete with your expensive freinds lol I'm super cheap lol
I’m now starting at age 15, I have no friends, and I am doing what I can to learn, it’s a lot do go through sitting at a desk reading, writing notes, watching educational videos on future - dream life, rich, financial, entrepreneur, and how to make the world better surrounded videos. The true key to success and freedom is praying, and having faith in god. It will do a lot.
When your older and start a job save $10 a pay each week. It will help you when you need it.
$50 a week from my check goes into my savings, and another $25 goes into a 401k every week. I do side jobs and that money goes into savings which is about $200 a week. All my bills are paid until next month so I was able to put an extra $400 on the side. I have some money also in stocks. I have Zero credit debt with a credit score over 800.
Start an IRA. You can declare bankruptcy, and they can’t take your IRA money. No kidding.
@@rambojambone4586 🤣🤣
Goal
Hey I need a co-signer🤣🤣🤣
Where did you learn about investing? Any resources you recommend for basic info?
"If they're your friends they will understand". Absolutely true. Watch some disappear so quick when you can't do what they do. A blessing in disguise really
True, but don't reject their invitation all the time. You should to put away a meager budget to have fun for your well being. otherwise you'll go crazy, and might overspend on something stupid.
How can you honestly make friends with those who are part of a 9 to 5 pyramid scheme? They're nothing but bots.
@@bishop51807 dont try a lifestyle u can't afford. Ppl often care about status than anything else so even if they go broke they would further spend money cause they want ppl to notice how "wealthy" and trendy they are
… Fake friends are like stray cats. Once the cat lady stops feeding them, they no longer come around.
If they don’t pay your bills, they don’t matter!
1. Paying yourself last.
2. Trying to keep up with friends with expensive taste.
3. Putting everything on your credit card for “rewards”.
4. Having disorganized finances.
5. Getting too comfortable with debt.
6. Paying extra due to lack of planning.
7. Paying too much on taxes.
8. Waiting too long to start investing.
Roughly-- but listen to her, she explains these well.
Not all heroes wear capes but good on you for also giving the recommendation to listen despite summing up the list!
These are always the best comments in any video. Thank you🙏
You're the real MVP
Thank you!!! Very appreciated.
I always pay myself first. which is why on the paycheck day, i buy myself some nice clothes and sh%3 then the bottom half go to bills.
I was attracted to this video by the title. Very clever. I was especially impressed with #5 Numbing yourself to debt. I grew up with parents who lived in the great depression. The mantra at our home was "Get out of debt. Stay out of debt." That mantra has served me well my whole life.
My parents got tricked, so they bought a house that was due to auction and they didn't even know it until they came for the house. They ended up paying double the price of the house to the bank, and they've taught me to never have business with a bank, stay out of debt and never use credit and always save up, if you have money that doesn't mean that you need to spend it immediately. I'm only 19 but I'm glad that I've learned the lesson early in life because this way I always had the biggest amount of pocket money (even if they only gave me money once every two months), and now it's the same with uni. I always have money on me and I don't spend on unnecessary things.
Really good video. Love the “Do you want to look rich or be rich”. That’s a daily struggle for me. Although, I’ve gotten a lot better over the years. I rarely buy clothes now and if I do, I have zero shame in my game with wearing clothing I purchased from Walmart or clothes that I’ve owned for years. The less we stop caring about what the people think about us, the more discipline we will accumulate moving forward. A wise friend once told me that if you can’t buy the product you want immediately in cash, don’t do it. Also, if you find yourself obsessing over some product, challenge yourself to “think about it” over the next 2-3 weeks and chances are you’ll decide against it. If you think back to ANY item you have ever purchased in the past that bought you happiness, chances are you don’t use that item any longer. Think about that whenever your tempted by a materialistic product.
Totalmente de acuerdo. I've learned the hard way. 😬 😄 ❗
@@liviaramirez1096 You learned though! That’s a major step!
The better you look tho the more opportunities
"Would you rather look rich or be rich!?" *mic drop*
NATHAN JOHNSON hehehe I know! I was pretty pleased with myself for coming up with that
That's such an amazing quote. Social Media has ruined some people (in many ways) no doubt
Jay-Z said the exact same thing on 4:44 "Fuck living Rich and dying broke"
But then you're only going to enjoy your money when you get old and not young.
@JohnnieRhodes Nope. Answer is still being rich. Looking rich just leads to a bunch of parasites around you and poor spending habits that lead you back into debt.
This should be required viewing for every high school senior. I didn't learn most of this
until it was too late. Now I'm retired....House is paid off...cars paid off...the only thing I
use a credit card for is travel expenses and my Amazon purchases...and always paid off
at the end of the month. Listen to her people....she is absolutely correct.
Yes ! But doesn't apply for everyone
I know about this since high school. But knowing and ‘doing’ is different.
The seduction of having new things and getting more stuff is just so intense. My friends are in economics and finance major, all of them are quite ‘broke’ as they tried to look rich. This is happening in Asian countries trying to achieve the high life with easy credit.
This makes me realize how I am on track by investing early even in a small lot, saving my money even if it's not that much, pay my bills on time, and still have money to use because I don't splurge too much on the things that I want but I don't need. Lucky because I have good friends that whenever I don't have extra money and I refused to joining them when they eat out, they still understand me. Thank you for making me realize that those discipline and sacrifices I made paid off somehow. 🥰
Wow. Such great recommendations! Also the way you explain these tips makes me feel like I am hearing them from someone who cares rather than someone who is judging or talking down to me. That is how I have felt in the past when being given financial advice. Thank you so much. I am looking forward to hearing more from your channel.
For someone who's fighting to escape poverty, I'm so grateful for you and your channel. Thank you so much
Stay drug free. You can do it.
Listen to Dave Ramsey. He gives great financial advice too.
Hope you get wealthy homie
The key is getting an education or learning a valuable trade, thus increasing your income!
I was in poverty when I was a teenager then worked hard sometimes 2 jobs all extra money I made went into retirement investments, paid down my house with extra payments always lived within my means and like she said treat your savings account like a bill find a plan and stay committed to it
I've actually spent more money in quarantine with online shopping than my regular days..
Me too!
You and I both 🙈
Don't beat yourself up....here's your opportunity for a turning point.....take it!✨
Me too 😩😩
Found this too true having to furnish my home office to WFH
First step for me is becoming aware. My finances controlled me. It’s early days for me but I’m going to take ALL of the excellent advice here. Thank you! ❤
I LOVE to cook so when this pandemic hit, it really didn't phase me too much as far as eating out was concerned 😂 One things for sure, we are saving so much money now since we are not eating out, and now that I'm stuck at home it gave me the oppertunity to start my cooking channel, something I had always wanted to do 🤗 needless to say I am enjoying every minute of it 😁
My problem was caring too much and trying to help everyone, that sh*t dead now. I'm very frugal.
Keep your cup full. You health is your wealth too. Hope you are alright wherever you are. Peace from England UK
@@mysecretsketchbook865 💖
That shit dead now??? What u mean?
I lent someone £1,000 - oh I did get it back £850 over 12 years and the rest I forgive him. Peace from England UK
I'm done with that
My family are so bad with money.
My aunts go on countless vacations to exotic places and weekends all around Europe, but one of them is currently risking losing her house due to overrun debts.
I'm 18 years old, and educating myself on this sort of stuff to make sure I never end up in that situation. I would gladly sacrifice a few vacations per year in order to provide a better general standard of living for myself and my family.
I am glad you are smart to realize something is wrong with the current situation, early. Many don't recognized it till late or never at all, promoting the next generation of reckless spending.
Education is great but you will also have to override your "money" program. The program you learned from watching your family when you were younger.
Mini vacation life hack: Download Snapchat, which is free, and visit places on the Snap Map, which is free. 🌞 And see the sites of beautiful locations from different limited-time angles and perspectives, for free.
I could see my Dad charge the whole family road trip on his credit card when I was a teenager, and I hated that. If you're broke, stay home! There's no shame in that, and no need to go into debt to try and please your family.
@@dan-qe1tb my
Literally listened to a few minutes of this and i absolutely appreciate your intelligence, analogies and amazing theories. I have learned so much, i actually have impulsive spending issues and repeat the same habit over and over again. I love it when you stated 'would you either look rich or be rich' ive always thought that to myself like i am not a materialist at all so therefore i should be investing in saving and practice in good habits to save money.
I'm definitely guilty of waiting too long to start investing. I'm so glad I finally did. Thanks for the great tips! :)
This woman just attacked my life lol.
Time to change.
🤣🤣🤣
@@anne-mariel3256 If you need a husband, we can accomplish this together Anne. :)
@@anne-mariel3256 mortgage paid at all 🤣
Anne-Marie Lavallee hey we have the same last name and I’m also a Marie
Anne-Marie Lavallee in from Colorado living in Tucson Arizona.
I have those expensive friends... I am happy that you really touched on this and its okay to be authentic and frugal to do what's best for you.
Omg I freaking love you. Initially learning about all of this is so incredibly overwhelming and I love how in depth you explain things. I’ve been watching your videos for the past two days and HOLY sh*t I feel so much better now about where I stand and where I’ll be and I actually have a freaking plan in mind for the future vs. just winging it like I have been till now.
👏🏼
I am definitely one of those who screwed up and learned the hard way. I'm 32 now and learning about finance has changed my life for the better. I hope it did to you as well
I absolutely love how you stated that taking care of the future you is a form of self-care. This was such a great video. Thanks!
Expensive lifestyle on credit = spending money you don’t have. On social media, there’s also a lot of narcissistic individuals lurking. To them external validation is everything and managing a facade of perceived wealth and perfect lifestyle is essential for their ego.
Thank you for making this so approachable. I’m almost 50, divorced, with kids, and a teacher- man, I’ve got some heavy financial lifting to do to make up for lost time- you make this exciting! I look forward to being smarter about my money! My kids are on the right track, so that makes me happy!! Thanks, love!!!
Teacher- man!!! 😂 punctuation is important 🎉
Imagine being divorced
Thumbs up!! Great video Rose. I retired 5 years ago to sunny Florida at the age if 48. Save , save ,save! Doesn't matter how much, just get into the habit to pay yourself first. Also think seriously about going to college. It's extremely expensive at such a young age. I opted out of college because I felt I was smart enough and motivated enough to do without. I was right and it's something everyone should think about. God bless and enjoy building your life!
You missed the most important point of all: do a weekly budget, every week. Know where every penny is going.
That’s not a habit that will keep you poor! Look at the title of the video!
@@JehanineMelmoth lol, then it's supposed to be: the habit of not making a budget. Because budgeting is very crucial.
Agreed 👌
That can more or less fall under number 5 of her explanation...but yes, a good habit to understanding your spending habit. But once you understand your habits...I think monthly is enough.
Thank you thank you 💪🏽
Being a hermit is great way to save money too 😉
M C Yup! #TeamHermit
👍🏻👍🏻
@Dr.'sorders You stop being a hermit when you are more than comfortable?
I love being a hermit. I turn on the TV, everyone had Corona, not me, I'm a hermit 🙃
Yes I agree since the whole quarantine thing that's going on I noticed my spending habits have gone way down no more eating out for lunch mon-fri no more going out to the stores and spending money I should be putting towards paying bills and credit cards off no more going out on the weekends our bills are current for once and not behind on them so yes being a hermit can actually be a good thing being on lockdown is actually a blessing in disguise
I don't know how this video made it to my recommended, but I am so glad it did! I've been in the process if getting my finances in order and so many of these tips were really great to think about.
(Also totally just as bad with the umbrellas!)
Iv been reading the book Rich Dad poor Dad and it’s such a informative book and your video has confirmed his truth! I so thankful to finally see how reckless I had been with my money and know I can change it right now while I’m still young! Life will not ever be the same now that I know this kind of information!! Thank you again Rose!
Very good advice. Thank you so much. Being on lockdown has made me see how much I can save by just staying home. I was guilty of overextending myself to my friends who are on different budgets than myself. I would feel bad for not being able to do something, like a dinner or go out for drinks ,so I would go and charge everything. Then I would be so mad at myself for being broke. Quarantine has taught me the importance of what you really need. A roof over your head and food in the fridge.
Naima Morgan Just say NO!!!! I had to learn to say no!!!!
So True
Good for you
Nowadays you can find plenty of food, drinks and entertainment options at home for a fraction of what it costs to go out.
❤️❤️❤️❤️
Learned this way too late in life. Finally, I'm putting away 12% of my salary, paying down my student loans, finally paid off my car, credit cards, and a bunch of little things I took on credit. At this rate, in 2 years, I will only have my mortgage, which is also around 15% of my salary. I may not have all those fancy things my friends have, but I am free. I can lose my job and can live without changing my lifestyle for two years.
That's awesome 🥂
Well Done Aunty. Peace from England UK
What is it that you do might I ask?
Don't forget w/o a student loan you'd be working as a bagger at a grocery store or a barista at Starbucks. The very fact you have a real jobs tells you, you should be able to pay off your student debt. So stop fucking complaining.
If you were able to be at peace then you didn’t learn this too late. Don’t fall into the “what if” mentality. What didn’t happen doesn’t exist. You did what you could, you learned and now you’re in an enviable position.
Yep, true friends understand you. My circle tends help each other out with the bills everytime we wanted to hang out during conventions and stuff which happens rarely cuz we just hang out on someone's house most of the time.
My Finances are a mess I really needed to hear this to push to get my head out of the sand and get financially organized and save money 💰. Thank you 🙏
I understood Parkinson's law when I first started planning for parties. When you have a budget, cover the essentials first and use whatever's leftover for drinks and booze because it doesn't matter how much booze you buy, people will always find a way to consume it all.
Would you wanna “look” rich?
Or would you wanna “be” rich?
Bruh she got me
I want both!
Nydia Ahlmann you gotta walk before you run. Save and live frugal for a few years and then later you will be able to do both!
This is confirmation to what I have begun! Thank you for these gems!
The part of investing early hit me hard. Im just turning 30 in a few months and only started investing this year. Wish I started at 20 but its okay.. just have to look forward.
I understand you man
30 is young
Same boat. Atleast we're starting.
@@1hinitathats right my friend.
M 18..I have no idea about investing..can someone explain?
I’m a multimillionaire and I don’t own an umbrella. I know I won’t melt. I recommend serving in the military or backpacking in the wilderness. You learn what you need vs what you want.
Remember, it's not HOW much you make, it's what you DO with what you ALREADY have.
💯
@@itsrosehan Come on, it's both how much you make AND what you do with it.
You can invest 100% of a $1,000 a month salary, and it still won't be as much as investing 15% of a $10,000 a month salary.
I think about those with nothing, 🤕
Kinda wrong. Income is an illusion. Skills and value producing ability is everything in a Capitalist society. So living in your means is worthless if you cannot command higher value in the market.
@@teachcomputerscience the point is applying these concepts no matter what your income is to produce better habits and not waiting until you can put a lot of money in savings instead of just putting what you can with what you have. Making your money make money doesnt necessarily need a lot of money if you know how to work the system
I like how you inputted some of your own personal examples and details about what exactly you did about it, what you felt, its pretty rare. Thank you
Every tip is all information I’ve heard before, but it has never clicked for me until I watched this video. This video resonates with me so much. Thank you.
Just treat the credit card as a debit card. That's what I'm about to do. If I don't have the amount in the bank, I don't buy it.
Only way I know to build up that credit score.
yup exactly, everything I buy goes on my credit card. Even if it is just $1 but it is because I am using it like I would a debit. Nothing goes on the credit card that I don't already have the money to pay for.
Exactly how I use my credit card as well!
Exactly! Everyday little purchases add up and I don’t want to miss out on earning those rewards. Treat it like debit and you WILL manage that credit.
Same here. I have one credit card that's both a debit and credit card, but regardless of how I use it, it all comes directly out of my checking account. Works for me.
Nice tip!
"the average American has zero in savings, and 4 Louis Vuitton bags."
That's a saving in a sense. Some purses that are discontinued is worth more than it's MSRP.
@@dearlove3158 its not saving. investing in purses is just justifying spending a bunch of money on something so stupid.
They can re-sell them for a higher price
When you have $20 and no debt, you are richer then most Americans.
@@The-Enclave totally agree I have student loans and $5700 I can't sleep at night when I think about them I just want to pay them so i have peace of mind but thank God at least I still continue to save
First of all, I Sincerely Thank you young Queen from my HEART for this particular video and unfortunately I am that one American that falls in the category of every reason why someone has lost so much money and made so many financial wrong choices and now at my age 57yrs old, I am finding myself physically working like I am 23yrs old and starting from the bottom because of being with fake materialistic shallow people and yes I do regret all of the awful financial choices that I made back then, But everything is about money in this world, so I can't give up and I can't go back to change things, so I am learning to be Smarter with my money these days and listen to smart and wonderful people like yourself, I appreciate you. U.S. Navy Veteran Nathaniel Dortch, San Diego California
In my 30s and I needed this. Your right about it all and step 1 is correct. The only debt I have is owing my mum £1300 for helping me move but I have under £1000 in savings! I do not have a property and it feels so far out of reach. I wish I saw this video in my 20s so I would have been given some sort of financial direction and advice but I'm gunna follow what you said right now and start today starting with step 1 :)
Hard pill to swallow: My biggest mistake was not focusing on my savings
I think I speak for everyone here when I say: WE LOVE YOU, ROSE!! You are so appreciated.
J.S. Stockton awwww thank you, this made my day! 🥰🥰🥰
Loved this tutorial! Thanks for all these tips and inspiration to get more focused!! 🌹
I was expecting a self-promo vid but instead this was a really nice, concise reminder about how to practice financial hygiene. Thanks! Subscribed!
FINANCIAL HYGIENE 🤔Love it❤️
I just stumbled upon this video and wanted to say thank you!! I’m at a point in my life that I really needed to hear this and you make such great sense, you’ve got me wanting to get money smart. I’m looking forward to watching your other videos. So thank you again for making these videos solely to help others! 😁
Often friends who have expensive tastes, and live with extensive amounts of debt, are great examples of people who are often not saving and investing enough themselves. Surrounding yourself with people who are financially literate is key to achieving financial freedom. Thanks for the video Rose!
or you hang with friends that have a higher income bracket than you, causing FOMO and upward social comparison.
I need to watch this every single day, great advice! I have a spending problem and you admitting you used to as well makes me hopeful.
I once worked in a department with a group of people who invited me to the theater and out to eat frequently. Almost always I had to answer "I can't afford it". I'm pretty sure they despised me for it. But they were also in a lot of debt.
they're the suckers
Social pressure is strong for many people. But if you have a plan, it wouldn't affect you as much.
I’ve watched sooo many financial advice videos and a lot of them are filled with cliches from kids who are already wealthy.
Your video seemed like REAL ADVICE FROM A REAL HUMBLE PERSON!
I loved it!!!
Agree with you! Love your video & good advice and tips for better money habits. I feel bad because I finally can realize all this ideas on my 40's. But I will stick to... Thanks 🙏
I love this video. It is brutally honest and incredibly helpful. Thank you, Rose!
So many great relatable examples to the different habits. You’re also leaving me feeling excited to start investing instead of feeling bad that I’m 31 and I still haven’t really beyond my small 401k and Roth IRA. Subscribed!
I chose my college based on getting a full ride. It was a brainer for me. Graduating with no debt was amazing and afforded me the chance to go to a great graduate school without having to work.
Finally someone listed things that real practical habits that many of us doing without correcting ourselves, watched other videos and they talk like text book steps which are far from reality, thanks for preparing this list from reality of our day to day lives.
So glad I came across your channel! Intelligent and clear information.🙂
I’m very proud to say that I don’t do any of theses things. My parents have terrible money habits and I guess that prepared me more than I realized. Wow go me lol.
Same here
Loved this video “ would you rather look rich or be rich “ never heard a more true quote lol. I love how straight up you are, you tell it like it is! Thank you ❤️💕🌿
Tip #8 really hit home for me. I didn't start until well.... very recently. Because I did procrastinate or have a million excuses as to why I couldn't do it. Even if you work a crappy low paying job. Find that checking account that will at least round up your purchases to whole numbers and move them to a savings account. AND DO NOT TOUCH IT. This lady has some seriously sound common sense advice here. Just wish I learned it 25 yrs sooner lol 🙂
Thank you Ma’am! I did this and had a 3 month medical emergency. I was able to live for 3 months with no debt. Now im gonna be back to work
I had a friend who would always fall for the "its on sale! so I have to spend money to save money"...yikes, he was always poor.
Gromitz101 your friend has no plan for spending not to mention saving.he definitely need this clip
I love how you organized your points and how you delivered them fast and efficiently. Great job editing the video together as well! You made great points and did it with such ease and great charm ☺️
I love these tips. I teach business and personal finance, and I'm planning to share some of your videos with my students.
Yasss girl !! Loved this video & advice !! 🥰😊 u keep it real !! First time viewer & New subscriber..
Paying Yourself First has changed my financial life.
"It's all about having the awareness and the financial literacy to notice whether your daily actions bring you closer to your financial goals or take you further from your financial goals." 👌🏽 Loving this quote. Great channel too. Lots of solid insight in your videos. Wish I knew when you were at NYU, maybe I could've bought you a falafel at Mamoun's or a Pinkberry cup as a thank you haha...but I guess this channel wasn't going yet, so that doesn't make a ton of sense. Anyways....thank you now and keep up the good work!
great video, i like that you reframed saving as an exercise in willpower to a chance to take care of ones self. the research on setting up healthy habits vs powering through things has helped me a lot.
New subscriber here, Rose. Really enjoyed listening to your words of wisdom and will definitely check out your other videos. You are a joy to watch and listen to... keep your great videos coming!
This is why I always put away 20% of my income in savings no matter what before I spend money on anything else every payday.
I’m right there with u on the student loans. I took a 70K loan when I was 18 to go to a private university. I couldn’t pay and that ended up ruining my credit in my early 20s. I am 30 and it was a long journey to repair my credit and acquire better money habits. This tips definitely could help anyone in the journey to financial freedom. Keep up the good work!
Im the opposite. I went to a business school that gave me a full scholarship vs NYU and Ivy League schools that were offering me very little in scholarship. I have regrets, especially as my school keeps falling further in rankings, which doesn't help my career. I try to be easy on myself though because I was in a very bad situation at the time I chose schools.
Great practical advice! I started saving all of my receipts for my healthcare and dentist work so I can write them off on my taxes. I’ve had to learn the hard way too and how to budget realistically. I can totally relate to the thing about being honest with friends about what I can or can’t do. If they’re your real friend they’ll support you in being financially free vs needing to go to every party and event etc. I love just chilling with friends sometimes and getting some food from the grocery store. It’s actually a lot less stressful and more fun than spending a lot of money on a trip I really can’t afford.
First time to see your video-somehow stumbled upon it. Thank you so much for keeping it true and real! Loved the tips which were so on-point. Sadly many lack financial education and have to learn the hard way...through mistakes.
Great video! These are all common financial mistakes. And I'm guilty of all the bad money habits. I've spent too much on taxes...I've paid way too much in overdraft fees. And I've put off investing too long. But I've learned from these habits and I've developed good financial habits during the past year.
My worst habit used to be thinking I couldn't earn more money. It's funny when you have an attitude of just staying focused on earning more and more all these "bad" habits just go away. Good video!
Omg! I just found this channel! I don't know much about investing but Rose makes it soooo simple.
And she is BEAUTIFUL!!!
Yes these tips are basic and common sense, but we do need to be reminded sometimes. Thank you!
I get carried away all the time with spending. Especially online. It's so darn easy to just pop open Ebay, etc online websites, and possibly buy stuff one actually really needs, but then still get tempted to look at other things and such. Free shipping also really lures you in too.
Gotta stay organized financially. Great advice.
Thanks, Rose.
@NeonAera, I used to be a spending machine. I couldn't control my spending impulses, but after starting asking myself the following questions, I've reduced my spending habits. Ask yourself, "Do I really need to buy this right now?", Can I aff
ord to buy this right now?". If you have to buy, then, ask yourself -- "Where can I b
uy this
much cheaper?" " Which company provides discount for these type of products?"👍💯
I’ve learned to pay myself first just a year ago. At the time I was reading Rich dad, Poor Dad and that was one of the tips that stood out the most for me. The info you’re providing is very useful.
Wow just stumbled across this video and whoo I am guilty of so many of these! Thanks for the information. I’ll be subscribing and can’t wait to learn from you.
The best video on good money habits I've seen! Excellent job! Thank you.
Although it’s important to have some savings and no debt, it’s also important to enjoy life especially when you are young. If buying stuff, dressing nice, and paying for experiences makes you happy, then do it. You will have happy memories to reflect on when you are older. You won’t enjoy these things as much when you’re old and have other responsibilities.
I agree. I would sometimes reflect on my decisions when I was younger thinking about what I should've done instead. Then I'll remember all the people I met, the fun I had, the experience I gained, the people I slept with lol. It's something to remember my youth as.
The things she's talking about is not about not enjoying life... she did not say you should save money, not enjoy your life so that you'll have money to enjoy later... She just means to say that there are substitutes to putting on an expensive life... We can choose to eat at home on weekdays and go out for lunch or dinner only on weekends... rather than going out all week not with our money but with that ask from parents....
Enjoy yourself responsibly, keeping the end in mind. Always have a long term financial goal, your future self will thank you for it.
No. Wrong advice. Saving even small amounts of money when you are young and investing it pays off big. Depreciating things like clothes become worthless quickly.
Why do people in US think that materialistic life is the life to enjoy? The best experiences in life are cheap and healthy.
I loved the comment about the traveler friend who was taking photos everywhere ... and had racked up $20K in credit card debt. Sounds very familiar. This is all good advise.
What’s interesting is that people forget about that picture after a week or 2😭
Great advice on financial independence. I wish I realized this earlier in life ... Thank you for getting the word out
Your discipline is something to work towards. Thank you for this video!
The idea of paying yourself first makes so much sense ! thank you for this very informative video
Thank you for this, puts everything into perspective. With your help, I will teach myself and my children how to be responsible and prepared for life. Thank you again, this is the kind of straight talk we need.
Ur a queen for this ❣️ ty for educating us
I'm glad to know that even before hearing her advice of tracking my finances in spreadsheets, I've already been doing this for almost 4 years now.
@rose_haan...... This is Rose direct telegram handle that people are reaching her with since she's not available on RUclips now.......
Yeah I stink at that one.