9 Bad Money Habits Keeping You Poor (And In Debt)
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- Опубликовано: 7 июн 2024
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Got bad money habits? Feel like you're always broke, even though you get a regular salary? Or do you fall into the trap of always increasing your expenses along with increases in income? Don't worry, you're not alone.
In this video, I'm tackling what I think are the 9 most common bad money mistakes that keep people poor, in debt, or just in a state of not being able to manage finances.
Although this is by no means an exhaustive list, these are the basics that really help me keep my own finances in track, encourage good habits, and that I used before I ever became financially stable, or a millionaire.
0:00 - Introduction
0:23 - 1. Getting comfortable being in debt
1:13 - 2. Not paying yourself first
2:30 - 3. Not having a backup fund
3:57 - 4. Not clearly knowing your income or expenses
5:13 - 5. Paying too much tax
7:15 - 6. Having expensive past times or hobbies
8:21 - 7. Not investing when you should
10:27 - 8. Keeping the "dripping tap" on
11:43 - 9. Not caring about finances
12:45 - Bonus: Believing money (or people who have it) is evil
13:29 - Outro
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Hopefully this will help you all break some bad money habits! How many of these do you have?
As a freelance photographer, I recognise that I’m a mess tracking my expenses and all my income sources. Now even more with my channel, affiliates etc. It’s where I fail the most! 🤦🏻♀️ I’m gonna start saving that 10% of every client’s payment. Also, track every single thing I spend which is a lot in the creative industry! 🤦🏻♀️ THANKS A LOT for the tips! Soooo useful! ❤️
Guilty of several! Five of them, I think? Working on getting my full overview of and system for my freelancer income and expenses in order these days! Also I definitely haven’t been paying myself first this past year, so that habit needs to change.
I do so many already. Investing is my next step. Thanks! Love this channel just as much as your others
Actually non oO
most of them I found in the book I teach you to be rich so yeah there is some knowledge around. coming from a country where there is poor knowledge about it I love the idea of your channel a lot!
I think you missed one! Do not spend your money on cheap things, instead buy a good one that will last. As my grandma used to say "the poor buy the things twice".
Thank you Sorelle!!!
Agreed!
Agreed but really depends on the item, its purpose in your life. I think the issue is the quality not the price. More expensive is not always higher quality.
@@TH-eb5ro yes, a lot of times people buy the expensive good quality stuff but don't take care of it so it defeats the purpose. we all need to learn again how to take proper care of our stuff so even cheap things can last quite long!
There's another quote along the lines of 'we're too poor for cheap things', not that I'm advocating poverty consciousness!
Yessss!!! I'm learning this now, at 49 years old!! Tired of spending twice/thrice on a product that doesn't last!! Not only that, these products end up in landfill
I never thought somebody would ever inspire me to read books about corporations and taxes. I adooore the energy you’re giving
We all need someone we can relate to! Sometimes just a different person speaking about a topic can make the mundane into something magical.
🙌🏻🤗
@@Abundantiaco Yes! Thank you SO MUCH for being that person.
✌
I’m loving your channel! Very grounded energy of taking responsibility for yourself and your money- you make it feel doable and much less intimidating than I’ve been making it out to be xoxo
This stuff needs to be taught in schools. Kids leave with almost zero knowledge on how to function with basic things like how to balance your income.
Couldn't agree more Mark, teaching real life practical adivce to help with a huge range of stuff, Money, taxes, good habits etc
@@bigal494 I completely agree, I actually am just launching a business all around this because I can't believe we don't learn this in school! Hoping to approach schools with it directly soon, maybe starting as an after school program of sorts.
It's not by accident this stuff is not taught in schools. Governments don't want you to know this stuff because poor people are easier to control. *Big corporations* also want you to spend all of your cash on their products as soon as you get paid hence why they're some of the biggest donors to political parties during elections.
The worst part of this is that i went to a school that was specialized in business and i don't know shit.
Ikr! I don't understand why we're making kids memories wars dates instead
Just canceled: Netflix, RUclipsTV, HBO, Amazon Music + couple other monthly subscriptions. Will now be keeping $1,700 dollars more per year. Thanks Sorelle!
I love it!!! More time to study and level up instead!
yay!
Good job, why the hell would you keep RUclipsTV or Amazon Music wtf. Netflix and Spotify is all you need
That's like my 6 month income
That is impressive! Great job!
your distinction between an "emergency fund" that you don't touch and a "buffer" that covers the little things is an important one! new car tires, water heater, broken dishwasher etc. these are not emergencies. they happen, getting hit by a car and not being able to work for 5 months because you are in the hospital is an emergency, and an emergency fund will make sure you don't lose your house.
more people need to understand this.
I'm debt free since January and working on my 6-month emergency fund. Looking forward to more videos to make finances less fog-like from you.
Glad to have you here!
i had a bad mindset about this topic my whole life. i'm 27 and i'm just starting to appreciate this energy from a different perspective. so this channel came at. a. perfect.timing. especially after covid and all the insecurity we felt and still feel about out job and income and all that jazz. great channel, such an important topic, looking forward ridding this wave with you.
Glad to have you on board riding this wave with us!
Heey, I totally feel you on this one, money always felt very complicated and evasive - I'm 27 as well and for the first time I have managed to save 1600 euros (and in less than a year) and i am blown away by how one small habit made such a difference - I know it might not seem like huge money but the wages in Greece are anything but enviable...
Anyway, sorry, virtual high five was all I meant to say ^^
@@AlkyoniPap high-five back, well done! :)) what is that one small habit you've mentioned?
@@inesselimovic1235 Putting away 10% of any earnings that come my way no matter how small or big and treating that money as if it doesn't exist. Granted, I do occasionally take side-gigs apart from my job and at the end of the month I stash away some of my remaining money as well but still. First time I've ever reached such a number.
Money might not buy you everything, but poverty won’t buy you anything. Very useful advice, good tips. Thank you.
Here is why minimalistic life, conscious living is so important. Love this content Sorelle! You are gem 💎
Thank you for the lovely words!
This was great! However when people say eat the rich IT IS NEVER on an individual per se is more of the system i.e. corporations that they’ve created that unfortunately keeps many people poor or living paycheck to paycheck. Billionaires only exists because the vast majority the people they employed are heavily under paid and many are also employed as “contractors” so the company can skip on providing benefits to their employees….so, there’s a lot more nuance to that, than hating the rich..🤷🏽♀️
Much agreed!!!
the bonus note was a great one! My mom has always told me that money is my friend and I must learn to form a good relationship with it so we can learn from each other.
“Don’t shop, invest in yourself, and study!!!!!!!”
Why do my oat milk lattes have to cost so much money....
Because they're DELICIOUS. But seriously, it's not about depriving yourself of every pleasure on Earth. Just like I don't have every streaming subscription, I still allow myself Spotify. We all need something that brings us joy.
Damon... still sooner than me. 💪😢
Two of my most favorite creators in the same comment ❤️✨
We purchased a rather expensive espresso machine and started making our own. The money we save in 6 months more than paid for the machine. And we continue to save because we still making our own 5 years later.
Speaking as a former bank employee, banks are a business, and they charge fees because that's how they make money off you. They're not charitable organizations that store your cash. In fact, the reason I quit working there was because management was always pressuring us to get our poorest clients even further into debt by selling them cards, accounts, and loans they didn't need, and I just couldn't do it.
So yeah, it's super important to shop around for different banks/credit unions. I would never let the bank I worked for touch my money.
Edit: Love love love this new channel, and can't wait for the next video!
This is incredible! I’ve been working towards an abundance mindset with money, especially because my childhood left me very uncomfortable with finances. Thank you for making this info accessible and friendly!
Glad to hear you're getting value from this!
I learned this in Rich Dad Poor Dad, but it's so good to keep remining myself of this, through different voices and perspectives, so I don't loose my north
I am a new business owner and I am literally learning everything as an adult. I’m teaching my son who’s 18 he’s also a small business owner. I’m so thankful for your channel I’m loving the knowledge 🥰
I'm shocked at how many of these things I already do
Great to hear! If you've already got a lot of these locked down, it'll make your journey to financial security SOOOOOO much faster.
Same... and STILL IM POOR YA xDDD
@@DreamRice same and im poor
I used to have issues with rich people and now that I'm doing well myself, people on my channels make negative comments about me or my business partner being rich. As you point out, that attitude is a money deflector. You don't attract what you don't like - so if you don't want money, be sure to be negative about it. I look up to you and others like you for having good money management skills!
You make finances less hush-hush and accessible. I agree, I grew up thinking money was evil. I need to decondition myself.
Thanks Sorelle! Love from 🇬🇧💙
That's the aim! Finances should not be a scary topic AT ALL.
It’s only evil when it is used to control your life by Uber wealthy individuals.
That’s why we empower ourselves financially and make the mean people’s squirm ;) financially smart people are REALLY hard to control
The ecological footprint of rich people, statistically, is much higher..
Sorelle, thank you!... for this awesome video and the concepts and action steps you shared! I just recently discovered your channel and this video has really inspired me to work on myself to be able to not only find a way to live a lifestyle of freedom as you now do, but to find within myself what value(s) I have that I can contribute and share with the world. Thanks again - very inspiring!
I love the way you present this information Sorelle: so grounded, level-headed and REAL!! Thank you for inspiring me to a) take an interest in finances and b) pay myself first (never done this!) 😃
Sorelle, I’m so happy that I stick to your other channel and get to see the birth of Abundantia! I can feel in every video how finances is your topic and thank you so much for sharing your knowledge. It’s definitely making a difference in my life!🖤
I'm starting to be interested in finances after 29 years of hating/ignoring it and I feel like this channel is gonna be a life changer. I am currently considering a new professional career and I'm truly scare of my finances and money management. I think I am good prioritizing and saving money, but still... change is scary.
I don't fall into most of these habits, but there are a couple that I definitely need to improve. Thank you for doing this, really.
Before I watched you I was one of the many that thought money was evil. I am glad to have found you and been given your perspective on it. That statement alone was the reason I continued to watch your videos. Keep it up!
Actually I made the decision to go backwards with my expenses. From an appartment to a campervan. From 1400 to 970 in total expenses. And at the moment my business is growing. The van costed me a lot of money. But with the new lower expenses my buffer will grow a lot faster. It's gonna be hard at first but in terms of financial and mental freedom it will be invaluable
Whoa, man, I don't know if that's a good advice to give. Maybe wait a couple years first before you recommend that people sell their home to live in a car.
Great advice; sharing the vid with my (newly adult) kids. My father taught me these lessons at an early age and I'm here to share that this absolutely works over the long term. Self doubt or responsibility deflection (focusing on "eat the rich") are the things that keep you down; hard to get a stalled car moving.
returned to this video and took notes!❤️ thanks again!!
18 y/o and just getting out into the world. I think I will find this channel very very helpful Sorelle :)
I'm in a situation where bills eat majority of the money. Nothing fancy, or expensive. Time to up the game 💪🏻
While I often forget to pay myself first I do recall a number of times when I did and suddenly random money began to come from unexpected sources. So thank you for the reminder and of course all your amazing advice x
Love this video! I'd say my bad habits are 1. paying too much in tax (as an entrepreneur) and 2. keeping money sitting in my bank account. Thanks for the encouragement to make some changes, Sorelle!
Hey Sorelle, congratulations on your success and the evolution of your influence! I can only imagine all the hard work and discipline it took to get there.
Would you consider covering the topic of making life decisions based on money vs joy/passion? For example, if your calling is an artist, teacher, or a career path known to be less financially stable. How do you wrestle with this "calling" in the context of money?
Even though I do most of these things (save more than 20% a month, no debt, no redundant subscriptions etc), It's so good hearing it from someone who handles a much larger amount than I do.
The investment part is in my opinion the hardest of them all to wrap my heard around to.
Thank you!
Great to hear you're already doing many of these!!
Oh I remember going through my subscriptions one year ago! It was so eye opening on how much money just goes away for nothing!
Really great tips, and I totally need to start "paying myself first"
Thanks so much Sorelle, great advice. Yes, we definitely have to treat our finances with caution and respect and if we don't have the money for something, don't buy it.
Thank you for making wealth creation feel so accessible and realistic! I viewed property investment with the same "scary" feeling as you mentioned feeling about stocks. This video knocked that mental barrier down so so much.
Glad to hear it! Finances don't have to be scary, but sometimes the topic definitely feels unapproachable.
I sort of disagree with the expensive hobby thing. It depends greatly on how much value it brings to your life. I would argue shopping does not provide all that much value if it is a hobby. However, I road and mountain bike, both of which provide tremendous value to my health and well being. I DO NOT mind spending money on those things and will continue to do so for the rest of my life. Now, I don't think they cost much more than $150-200 a month if I amortize them over the life of the bikes, so it is not that bad. I also have my financial health in order and save about half my income, so its not like these things are harming my finances.
I used to own a lot of expensive vintage photography equipment. Leica's, Hasselblad's.. I spent a LOT of money on that gear, but I knew they were getting more rare the more time goes on. I sold most of my gear years ago, with a nice profit. If I'd kept it all and sold it now, I would've made almost a 200% return on investment.
Having hobbies that can make u money and develop skill is helpful too.
You know, I really love that you of all people are making a finance channel. See, I've always wanted two things, financial abundance and success, and to travel and see the world. I always thought, well I need money to travel, but I don't want to spend all my money traveling and go broke. I feel like you'll have a lot of insights that are going to help me as I move forward. Thank you!
Taking notes. Thank you girl!
My favorite tip is the bonus one. Absolutely agree and I see it in my surroundings all the time.
Also, a few years ago I started with the 10% saving rule, and it's allow me to save money I've never thought I would even have, so I definitely recommend it too. It also excercises your saving skills and money responsability
This was incredible advice and I’m feeling pretty good that I’ve never had many of these habits! I would love a run down of the different types of bank account for saving and advice about banking in general- both personal and business. It’s something that’s always felt so foreign to me!
For one I don't have a finance background from school BUT YOU DID ME JUSTICE. I came ACROSS your page one month ago, and I can honestly say some of the videos I've listened to have not spoken to mean as this one did. I found a solution on so many things all terms FINANCES. THANK YOU SO MUCH SORELLE AMORE. YOU THE BEST.
I always love to hear these lists. I used to be SO bad with money (never even looked at it), but now I know where it is all the time. Slowly repairing the damage.
My fiance introduced me to your vlogs and it's been life changing for me, the way you explain is easy to digest and relateable which helps apply to better myself. Especially! The points made here. Thank you for that! 🤗
I love, love, love that you’ve made this channel. I know it will be unique, well informed and inspiring, because it’s you 🥰 ✨ Today I had my second meeting with a financial advisor, I want to buy a house soon. This past year I’ve been learning more about understanding and taking control of my personal finances, it feels great. I’m looking forward to more vids. 💕
Thanks Sorelle, I totally agree that what we believe we become. For years I believed money was evil but what you ay is true- I'm now on a journey to create abundance in my life and to support the causes I believe in through having more financial freedom to do so. Still much to learn but this is inspiring. Good work! And go you!
"Eat the rich" doesn't refer to every single rich person. It's referring usually referring to the 1% of the 1% ( a category you don't fall under for example ) as well as people who earn their wealth by exploiting others ( again, a category you don't fall under ). Jeff Bezos is a perfect example of an individual that comes to mind when people are ranting about the rich. He's not just some millionaire - he's enormously wealthy, and on top of that the working conditions at Amazon warehouses suck, they don't get paid enough considering how hard they have to work, and Amazon has recently taken away some of the benefits they were giving those workers. So yes, if you become a billionaire by treating the individuals that made you rich like shit, you deserve to be eaten. This doesn't mean I hate the RUclips lady who got rich via photography, traveling and money management. It just means I dislike people who earn wealth on the backs of the most vulnerable and desperate members of our society and then barely compensate them for it.
To be honest, I did work for Amazon for almost 4 years.. and it was completely my choice to do so. I was grateful for having a job and it was quite the best paid in the city, when I consider that you dont need any qualification for it. It's only point of view. Yes it would have been nicer to have more money or longer breaks.. but still, every worker choses to work there, its not a prison. So I left after 4 years when I felt it didn't work for me anymore. Everybody has that choise. And I felt I was treated well, just some things from management didn't make really sense..
THANK YOU!!!! I found a lot of value in this video but that note at the end was a little ignorant in my opinion. Beliefs like "maybe I could be as rich as Jeff Bezos one day.. if I wOrK hArD eNoUgH" only contributes to wealth inequality. It's a belief that the ultra-wealthy have instilled in us to avoid getting held accountable for their unjust actions/business practices.
yeah it does refer to all, for many people. This phrase makes everyone with money look evil
Truth!!! But these folks have been brainwashed by the billionaire capitalist class to fight on thier behalf.
[Random comment, but the "1% of the 1%" saying reminds me of Mr Robot--]
Great Video. Great tips. Great message. Thank you.
I’ll just finished setting up a emergency fund and cut my expenses by cancelling unnecessary subscriptions.
Looking into investments is next I guess.
You're the FIRST financial blogger that I actually understand and THANK YOU 🖤🖤🖤
Thank you for this video Sorelle! I have just quit my job with no back-up (I had to put my own mental health first, I was completely miserable). Got to re-think my miniscule outgoings now, definitely going to start by switching to a free bank account.
I'm very thankful that I come from a money conscious family and so have always been dedicated to saving where possible. My partner and I just bought our own house and I am SO grateful to be putting money into our own property every month.
I'm not very good at being a cog in someone else's machine. Hoping that this new chapter brings me happiness and that I'm able to earn more than peanuts from now on.
SORELLE talking about money?! Finally! Love you and your content :). Hope your doing well in Iceland!
Hope you're doing well also!
I've already taken many steps towards easing my financial burdens since you started this channel. Thank you so much! The fog that's given me a headache for so long now has a tunnel with a light at the end
Wonderful! Great to hear.
You have to be one of the best-looking financial advisers that I have seen in a very long time. There is certainly an interesting cut in the way you put together your phrasing on the subject.
I'm happy I found her! She explains so clear! 💕
This was awesome Sorelle thank you so much I could not agree more! Finances are so important it’s a huge shame it’s not taught more in school... thank you for bringing this knowledge to everyone
I actually followed these rules and got far, but then I moved to a new area and fell into these bad habits due to new friends. 3 yrs later and this video I have given myself a good kick up the a*s. Thanks for the wakeup call :)
Just wanna let you know that your videos had such a huge impact on me. Thank you for creating great content and to be a person who is always real ❤️
Sorelle, I am grateful I stepped on one of your videos by coincidence . I have been learning from every video I watch for you like I am waking up more every time. After this video, I am deleting my credit card because nobody needs debts & “if you can’t afford it , don’t buy it” , I am making an “invisible forever untouched “ account. I bought the 3 books you recommended on finance and wealth mindset last year :) I keep learning from your generous knowledge-sharing , dear . Thank you
Always delivering that golden advice.
This is an excellent set of tips... I believe if people would replace these habits with habits that will serve them, they would have much more abundance in life.
I started my channel for a lot of the same reasons. I built a business that pays me a passive income, and now I want to share what I have learned and I also believe, "if I can do it, so can you!"
Thank you so much for your financial lingo...you break it down, and word it into savory bites.
I'm really excited to put to use these lessons & find how they improve the way I plan.
Thank you for sharing!
Richest Man In Babylon! One of my faves of all time.
INCREDIBLE book.
The millionaire next door and Atlas shrugged are also life changing books.
@@HelloHi-mn3hn thankyou for sharing this I'm.gonna buy them 😊
You’re such an inspiration. I am trying to convince myself to get more properties like you
Wow - what an incredible, easy to follow along description about our relationship with money and how to use it wisely! I really appreciate your account, especially as I have just started my Yoga Business here in Austria!
Thank you very much for your beautiful content and your life tips Sorelle!
Warm greetings from Salzburg, Austria
I LOVE this video and the series as an entirety to be honest!
I am 24 and currently an employee at a 9-5 job, but I have a dormant company/ brand that I set up waiting for that bright idea to bring it to life because I just know that I am destined to be self employed. Watching these videos is lighting the embers of the fire within me. Thanks Sorelle!
Great tips and excited for this new channel! Would love to see video about how to increase your income or negotiate more. Habits can only take you so far when you're poor or have a low salary and for better or for worse we don't live in a meritocracy.
More like this coming in the near future!
Thank you so much for doing this! They say if you want to achieve something you gotta hang out with people who have already achieved it. So I love hanging out with you!
This was so useful! Thank you Sorrel!!!!
Thank you for this!
So happy Sorelle started this channel! Looking forward for more videos 🙏💐🤟
Glad you're enjoying the channel already!
Hi Sorelle - loving your new channel and thank you for these tips. I really needed to hear them :)
I have a question regarding your tax strategy. Of course, these shortcuts are technically legal, but how do you justify not paying tax when it's used to help social services like healthcare and housing? Always curious to hear other viewpoints from my own, and would love to get more insight on this. Big fan of yours, can't wait to see what else you release on this channel! x
I don't justify paying no tax. But I do justify using means to legally lower tax, if the government allows it. Most people are just missing out on simple tax savings because they're not educated as to what can be claimed, or used to reduce your legal tax rate. For example here in Iceland, the government will allow you to deduct a portion of your income each year when you spend on your own education, which in my opinion is something worthwhile and easy to pursue.
I honestly can’t thank you enough for making this channel! You’ve already made me aware of SO MUCH with just a few videos ❤️
I love how encouraging you are!!
Appreciate someone talking from the Australian perspective.
I can really feel that you are truly passionate about this.
Great to see!
Loving this channel!😃
Thank you for this video! I'm glad to see a finance video with real, helpful advice, and not just bullcrap about skipping your morning lattes. This is the stuff kids should be taught in school. Why do they need to know the quadratic equation when they don't even know how to manage their own finances?
I agree!💯💯 The Richest Man in Babylon was a game changer for me years ago. Great to see someone talking about it. Keep it up mi amiga!
Incredible book! I'm actually talking about some special books in a video on Thursday, and The Richest Man In Babylon will be spoken about in that video. Stay tuned!
You completely miss the point when it comes to the bonus section. It's not about being jealous of rich people like you, it's about acknowledging how most of the world's wealthiest people and entities were made wealthy by exploitation and bloodshed. Would you have told the peasants in the French Revolution to simply adopt an abundance mindset and stop worrying about famine? It's not evil to want money and success, it's evil to hurt and take advantage of people to get there.
I agree. Wanting money and abundance mindsets do not change systemic issues and generational poverty
@@figuringitout4732 and Meagan S, good points! You both might like the book "We Should All Be Millionaires" by Rachel Rodgers. She talks a lot about systemic issues, generational poverty, etc. as reasons for why women and POC need to become wealthy. Really inspirational. Highly recommend. :)
I just purchased your codex and the order course. I am SO EXCITED to start with you and reach my financial goals and freedom!
Love seeing someone very artistic and alive as Sorelle speak about finances. Very helpful and you as the speaker is a bonus!
Also I think “eat the rich” is said towards people like bezos who made they money by being just an evil human being and using his employees,he has so much money,he won’t be able to spent it yet his employees are poor and mistreated.
I just turned 20 and want to devote myself into becoming a millionaire by 30, I already have £80k saved, £65k lump sum following the death of my father and £15k in personal savings. So far ive come across dropshipping, stocks, and real estate as the most popular means of doing so but i was wondering if any of you have any other suggestions, at this stage im just trying to learn about the most viable ways of achieving success within 10 years
@H Pn Thanks for sharing your story. I'm fascinated to know who this financial advisor is and if they work with someone outside of US?
@H Pn I looked her up on google. She has an impressive resume and seem pretty genuine to me. I've wrote her and expecting to hear what she has to say about my investment and see how far i go in 5-10 years time. Thanks :)
Absolutely love this new channel!!!
Thank you! Great info!
I'm going to try the 10% thing from the next payday. I 'seem' as broke now as I did 10 years ago even though now I take home double now what I did then. I reckon I can do it!
and I'm shocked how everything is so different and made impossible in Hungary
Also imlossible in Greece.
I’m so happy that I get to learn finances from you, will be waiting for more vids :)
Thank you for speaking on this topic, it’s so important 🌻
This made me feel better since I already follow most of these rules. I could use some help with investing though!
More on investing coming soon!
Listen to the people who has been successful with money. Then apply accordingly. Thanks for sharing this info, dear.
I'm hooked, great advice and confident but humble delivery, thanks.
Thank you for the video!
I've only now started actually getting by but with essentially being broke u learn so many things that u can apply when it actually counts - when u do have the money.
And honestly, investing is really scary for me and i dont know if i will ever look into stocks or properties but just having an open mind and someone willing to teach, like you, is what I'm thankful for right now.
Cheers!
Same, same... this is sort of a mind training for me, then who knows, maybe Iater... who said you cannot be a millionaire old lady 😍
@@garamvolgyiandi Sending good energy your way! I believe in us ~
You can do it! I think we need to change our mindset. I am reading some recommended books and save for our emergency fund, putting away for retirement and plan to save up to invest when I have some more money. Keep finding ways to generate income so that you can continue working towards your goals. I also like two other youtubers that help in this subject. I like MissBeHelpful and OurRichJourney.
@@afroditigreekmom I appreciate the encouragement and recommendations - I'll be sure to check them out! cheers ~
I can't believe your transition, from the way you were even 2 years ago, to now... I don't mean that either version of you was good or bad, just so different, like you are a totally different person to who you were then. And it's amazing! Because I feel like I've grown and changed alongside. Even though you'll never know me, I FEEL like I know you ("feel" in capitals because I of course don't know all of you) and it feels like we're long distance friends who have been growing alongside each other and it's beautiful. Thank you for coming into my life through RUclips, Sorelle ❤️ And for this new channel that I KNOW will change my life, because it's already doing it 🤗
Thanks for being on this journey with me sister! Only love!!
Great video! Paying yourself is crucial. I like your tip about having 2 strategies if having debt, one paying off the debt and another for putting off money for investing (or I'd add also a vacation as rejuvinating is also important...or equipment upgrade). Otherwise it seems like a rabbit hole, never ending struggle. There is a different mindset when you see positive growth of finances and paying debts can become easier once there is another focus as well.
Taming the leaks is super important as well. Even if still there should be ways to bring more income /revenue too.
In my humble opinion, the thing your content really excels at is summarization. This video as well as the others I've watched (3 personal finance books; and how to monetize hobbies, 10 hacks) are the best summaries on their topics I've seen. Kudos to everyone involved.
Love the info on this and definitely enjoying your content on this channel so far girl, it is so helpful!
Just a note on the “Eat the rich” part tho, it’s not about those who have money to afford a good life and have some luxury. It’s about the top 1%, the billionaires who exploit the masses by not giving them livable wages while hoarding all resources and having such a huge control of the market.
Yes but unfortunately, not everyone sees it that way. Many people see "Eat the rich" as a blanket statement for anyone with money, or success.
Trying to learn as much as possible !
When i'm 18 it'll be over for y'all😂😏