Use the promo code TILBURY to get a free share worth up to £100 on the Trading212 App or visit www.trading212.com/join/TILBURY (terms & conditions apply)
@@25261006 considering his age, if he bought a home in his 30s and contributed to a retirement account for most of his career, he almost certainly is.
@@hanselazerus avoid yt shorts lol TikTok’s way better with their fyp. UA-cam has like 10% good stuff and TikTok has like 99% good stuff. UA-cam’s good stuff is better than TikTok’s, but you get a way better fyp on tiktok. Way better.
Something most people don't understand about the returning interest is that it's not 8% of its original value every month it's 8% of its current value so after 10 years it'll go up a lot
I just play around with it by putting all my $1 bills in it and just put $5 in each sleeve. For each page filled will be $20 and when hit 100 pages, it’ll be $500.
Nah, more like 50... I keep my cost of living low.. of that 50 a day that I don't squander I'm probably investing 35-40 of it 15-10 must end up on holidays, gifts and odd expenses. If we had two full incomes we probably could save much more. It's truly amazing the number of ways people find to piss their money away. Getting financed cars, luxury holidays, constant home renovation, drink, drugs, smokes, takeaways, throwaway fashion, unused subscriptions.
The best advice ever. These booklets are incredibly pointless in getting. The average person wouldn’t have £100 each day or $100 each day as spare cash. Then exactly as you said that money won’t be gaining any extra value just sitting there doing nothing.
Most people who use saving challenges don’t keep all that cash on hand. They grow it to a certain amount then invest. They use prop money as a place holder.
This works for as short term savings project its ment for things like a vacation, a large house project, or even Christmas gifts. Investing is great but the money cant be taken out most times without getting fees/penalties
hi, love your clips. could you make a little clip explaining how to invest into those fund, including where to make an account, or what website to use, just as what we should have an eye out for.
U do buy cheap cheap food Never use electricity and gas Never own a car only public transport or a yard sales bike Work work and overtime Invest index and gold Dont give to charity or church Live iunder bridge or in sewers If ure man never date until goal achieved If women be a freeloader in many relations with men After goal is achieved u spend all that on fixing ure health problems and looks bcs at pention u will look like a meth addict
100 a day I think most peaple would be extatic if they could save 100 usd and this is if they dont eat out a single time. whit eat out I mean not even a 50 cent hot dog at Big chain mall while you wait for the Paperwork to get through. no netflix, no drinks nothing. you get up, shower, eat the cheapest breakfaste posible. drive to work, work for 8 hour. eat left over for lunch. drive home cook a cheap meal. sleep. you still probebly not getting close to saving 100 usd a month.
@@Zack_Wester Don't even drive to work. Take the public transport for cheaper lol. I see people driving all the time when I am spending 2.95 on the train one way. I save on gas and not even car cost because I don't even need to drive I walk.
Amazing you are starting investing so young. That's the best time to start. All the best for your future, I'm sure you'll be very successful! & yes, as others have said, if you get your parent or guardian to help you should be able to set up your investments through custodial accounts, no worries.
Thansk alot!! I also think like this and glad to know millionaires think this way too!! I already won the challenge I spent 4 months saving all my money just because my salary is low. And now I invested all the money I have and my bank account is almost empty and almost all my money were spent on investment. I also hate cash and I spend it as soon as possible in stuffs make more money
The 100 day savings challenge is good; as long as the money goes somewhere. Don’t put it into an envelope, put it into a savings account. Then it grows and begins earning interest as you get closer to the 5k savings.
I say whatever works for you, do it. just like a piggy bank. it teaches kids the importance of saving and delayed gratification. long term ofc it’s generally smarter to invest so do that. but some people do better with hands on, plus seeing your progress in the physical world is just different than stats on a screen. like that random moment when you look out in the street at your car and you’re like “wow, it’s actually mine. WHAT!?”
Rainy day funds makes less sense over index funds and other investments. You should have savings that are accessible, but do you need 3 months worth of cash immediately available in an account just depreciating perpetually? I can sell stocks and get cash in my account within 1-3 business days. I also have a credit card. Having cash or digital currency savings just depreciating in a 'savings account' is a bit outdated now. Credit cards can handle immediate expenses(given you're not using them as your primary means of payment and they're not close to being maxed out) and modern digital banking is so quick you can flip stocks quickly. Large unexpected expenses usually have some payment options(invoice) often affords you 14 days to pay so waiting 1-3 business days for the return on sold stocks shouldn't be an issue.
Its really not every day. Those i know who use it have a goal in mind to save until they reach the amount. Invest, vacation or xmas. When you first start out saving, it can help with cosistency each week.
So what your saying is the concept of the booklet is great but the execution is wrong. If you did the exact same thing but replaced where you store your money then it would be an ideal way to save money effectively?
@@Nxst-i5lI know right, I just escaped my country because a civil war broke and needed to flee, I went to the uae, working as a cashier will get me around 2500-4000dhs which is 650-1000 dollar a month.
Great advice unless you live in Ireland (me) where they tax all realised income and gains as well as unrealised ETF gains every 8 years at 41% and can't offset any realised capital losses. Anyone have any advice to alternative investment vehicles?
I'm not too concerned about the loss in value over that short period of time if it gets someone that otherwise wouldn't save to start saving. But the other points are all valid. Having huge dollar amounts on some days is just going to kill whatever enthusiasm you had building. Much better to keep it to reasonable amounts. And maybe make it more about little daily thrift challenges. Today save money by bringing lunch from home. Today save money by not buying preprocessed food, etc.
Yeah the average person where I live makes maybe $120-140 a day fulltime. Not sure how the heck they would save that amount if they have any responsibilities at all
Only $200 ?? Dude, respectfully, you need more than that in your emergency fund. 3-6 months minimum. If you lose your job, that $200 will last you a week. Problems like this always seem to happen at the same time too. You could lose your job, your car breaks down, then your boiler breaks. Be prepared for worst case scenario.
Best thing i ever did to help me save. Bought a safe and save in cash. Never open the safe unless your adding to it and never count it. Once you gain the discipline to not use it then out it in a HYSA
The safe has the same problem as this booklet. The money is sat there doing nothing but losing value. Never keep physical cash. At least exchange that cash in your safe for gold or something that will grow in value.
Every week I put $100 into my savings account and every couple of months I withdraw that savings account down to $200 and convert all the money into silver. I've thought about investing it but I don't really know where to start and I don't really trust that the global economy is going to be around for much longer
Use the promo code TILBURY to get a free share worth up to £100 on the Trading212 App or visit www.trading212.com/join/TILBURY (terms & conditions apply)
Thank you for the tips! 😇
Can u give any names of an index fund that is good in the UK
😂❤😅
$100 day is 50 days
Three months has 93 days so where do you get your calculations from
@@fusiliers1it’s 100 days, it starts with $1 and goes all the way up to $100
It's actually refreshing to hear a millionaire state how unlikely it is for the average person to save 100 a day
Take 20 days to save that 100 dollars. Use the 5000 saved to invest in index funds.
@@怡娟-e9wwhat index funds?
He’s not a millionaire
@@25261006Yeah he is
@@25261006 considering his age, if he bought a home in his 30s and contributed to a retirement account for most of his career, he almost certainly is.
You forgot one.
The robbers love those booklets 😂
Yeah, they send them to the dispatch address, 3 months after delivery, for free collection 😂
Hence why you don't leave it on display smart ass
Why?
@@bjordan95😂genius!
In a safe.
This book is a good start point for a person to save a predetermined realistic amount like $10 per day.
Good advice. As a retiree, a large percentage of my "daily" saved money comes from compounding the earnings from my stocks.
Tip - avoid anything on tik tok
Avoid tiktok
@@hanselazerus avoid yt shorts lol TikTok’s way better with their fyp. UA-cam has like 10% good stuff and TikTok has like 99% good stuff. UA-cam’s good stuff is better than TikTok’s, but you get a way better fyp on tiktok. Way better.
Because youtube is any better 😂😂
@@maiq_6821 UA-cam’s far worse
@@hanselazerusavoid screens and technology
Sometimes a flawed plan that gets you forward progress is better than staying still waiting for perfection.
Failing for the sake of failing is a sure way to make sure you never try.
@@partytimeninja3139 Very true. The path to success is Try, Fail, ADJUST. All three steps are important
Usually*
This plan gets you backward not forward so better not to do it
Exactly
Something most people don't understand about the returning interest is that it's not 8% of its original value every month it's 8% of its current value so after 10 years it'll go up a lot
It means you have to start somewhere, and saving money is a big start.
Save 100$ a day? Bruh I don’t even make a 100 a day
Switch to a more lucrative job.
@@GregorSass-Ranitz "just buy a house" ahh advice
@@GregorSass-Ranitzyeah, and poor people should eat cupcakes.
Not everyone can afford the 1-2 weeks of no pay when you switch jobs@@GregorSass-Ranitz
@@GregorSass-Ranitz100 a day is top 1% I reckon, depending on where he lives that's a wage that is impossible for the average person
There's actually no time limit. It teaches you to save instead spending everything you got. You got to walk before you run.
I just play around with it by putting all my $1 bills in it and just put $5 in each sleeve. For each page filled will be $20 and when hit 100 pages, it’ll be $500.
Good advice now I have to tell my bro this he doin this challenge 😅
If the alternative is him not saving anything, I'd let it be
The more shorts I watch of this guy the more I think this is really just a way to flex his money in every video lol
I save hundreds a day by not buying stupid things. Cost of living is much lower when you just buy less.
Yep, living on less than you make is good.
You don't save you spend not money at stupid things.
People who don't even make 100$ a day:👀
Could you even afford hundreds every day😭🙏
Nah, more like 50... I keep my cost of living low.. of that 50 a day that I don't squander I'm probably investing 35-40 of it 15-10 must end up on holidays, gifts and odd expenses.
If we had two full incomes we probably could save much more. It's truly amazing the number of ways people find to piss their money away.
Getting financed cars, luxury holidays, constant home renovation, drink, drugs, smokes, takeaways, throwaway fashion, unused subscriptions.
The best advice ever. These booklets are incredibly pointless in getting. The average person wouldn’t have £100 each day or $100 each day as spare cash. Then exactly as you said that money won’t be gaining any extra value just sitting there doing nothing.
Most people who use saving challenges don’t keep all that cash on hand. They grow it to a certain amount then invest. They use prop money as a place holder.
Amen. Praise Our Lord God
No
This works for as short term savings project its ment for things like a vacation, a large house project, or even Christmas gifts. Investing is great but the money cant be taken out most times without getting fees/penalties
That's the point of investing. You wait for long term gains. Get rich quick schemes don't really work.
Vacations are a waste of money tbh.
hi, love your clips. could you make a little clip explaining how to invest into those fund, including where to make an account, or what website to use, just as what we should have an eye out for.
I'd appreciate a video like that either 🙏
He won't tell us, this is just a money making scheme for him.
Remember, kids, only gold and silver is 'money'; everything else is credit.
알고있다. 하지만 앞으로 10~20년간은 코인의 상승률이 훨씬 좋을것이다.
How am I gonna save 100 dollars if I don't even make 10 dollars? 😭
Work on that before u comment then. It’s not hard to make at least 100 dollars a day. But ofc u might have a diff situation.
@@ViralMemesOnline That's not true everywhere.
Forexample in my country the avg monthly salary is 190$. 100$ is a HUGE amount here.
Sounds like a you problem
@@FiercefoxProductions pretty hard for a teen to make money don't you think
@@FlareScript It is for my daughter. Jobs don't pay well in my small town.
You are far better than others😊❤
It’s a good beginning if you’re bad with money. Just like the envelope system
In most developing countries a $100 is a salary of an average person 💀👀
Do this but be a silver/gold stacker with this method. Silver and gold appreciates as it's real money.
"How on earth is the average person going to save 100 a day? That's the best part, we don't!
U do buy cheap cheap food
Never use electricity and gas
Never own a car only public transport or a yard sales bike
Work work and overtime
Invest index and gold
Dont give to charity or church
Live iunder bridge or in sewers
If ure man never date until goal achieved
If women be a freeloader in many relations with men
After goal is achieved u spend all that on fixing ure health problems and looks bcs at pention u will look like a meth addict
100 a day I think most peaple would be extatic if they could save 100 usd and this is if they dont eat out a single time.
whit eat out I mean not even a 50 cent hot dog at Big chain mall while you wait for the Paperwork to get through.
no netflix, no drinks nothing.
you get up, shower, eat the cheapest breakfaste posible.
drive to work, work for 8 hour.
eat left over for lunch.
drive home cook a cheap meal.
sleep.
you still probebly not getting close to saving 100 usd a month.
it depends on the country if it’s California or something it makes sense
@@Zack_Wester Don't even drive to work. Take the public transport for cheaper lol. I see people driving all the time when I am spending 2.95 on the train one way. I save on gas and not even car cost because I don't even need to drive I walk.
Gotta love social media . I have a guy with a fancy accent giving me financial advice
I think its a good way to teach kids about saving and havin them fill when they can
I always invest it in a low cost no return: i spend it all before i save it🤭
Also how are you getting cash every day? Do they expect you get paid in cash or are you supposed to go to the atm all the time?
It is only good for being mindful and building the habit in a tactile way
Might aswell put it in a high interest savings account instead of just notes
I've noticed that the people who post about these are always the people selling them
I'm getting a Pokemon binder to do this challenge.
You can’t save any money in
London he must
Live
Outside
If it 😂😂
8%? That's a significant loss of purchasing power......
No it's not lol
Could I do this at like 11 years old?
technically yess with a custodial account. the earlier you start, the better
@@RichMindsCommunity thanks
@@RichMindsCommunitythink u need to be 13 to have a custodial account
Get some side work at $100 per day of work and you totally can. But that means no days off. Even on weekends.
Amazing you are starting investing so young. That's the best time to start. All the best for your future, I'm sure you'll be very successful! & yes, as others have said, if you get your parent or guardian to help you should be able to set up your investments through custodial accounts, no worries.
One overlap with UA-cam's other money old-timer at last. Would love to see a discussion about credit cards between you and Dave Ramsey
Silent hill music at the background 😂
What would be a good investment process for a kid who has a "business" by mowing lawns?
Meth 😊
Thansk alot!!
I also think like this and glad to know millionaires think this way too!!
I already won the challenge I spent 4 months saving all my money just because my salary is low. And now I invested all the money I have and my bank account is almost empty and almost all my money were spent on investment. I also hate cash and I spend it as soon as possible in stuffs make more money
The currency where i live is lower, at first i tought "100? That dosent seem that unlikely, then i realized its more than 1000 in my currency lol"
That's actually available right away without taxes. Investment cost fee.
The 100 day savings challenge is good; as long as the money goes somewhere.
Don’t put it into an envelope, put it into a savings account. Then it grows and begins earning interest as you get closer to the 5k savings.
Dude need to do a Jiraya voice over.
Great emergency fund for when the power goes out.
Instead of $100/day try saving 10% a month of your salary
You talk about index fonds alot and that is great, but do you have any suggestions about which to go for? Speaking from an european perspective
😂😂😂yes if i start dealing drugs , 😂this is normal saving , you forget tax , etc...
He didn't forget tax - it has nothing to do with this
I say whatever works for you, do it. just like a piggy bank. it teaches kids the importance of saving and delayed gratification. long term ofc it’s generally smarter to invest so do that. but some people do better with hands on, plus seeing your progress in the physical world is just different than stats on a screen. like that random moment when you look out in the street at your car and you’re like “wow, it’s actually mine. WHAT!?”
Shottin white and dark 😂
Frl some people don’t even make 100 dollars a day😂
do you ?
For me i just forget my savings exist after I deposit it, I like to think of it as a life point like in Mario if it runs out I’m dead
Not to mention, you need to buy the book
Rainy day funds makes less sense over index funds and other investments. You should have savings that are accessible, but do you need 3 months worth of cash immediately available in an account just depreciating perpetually? I can sell stocks and get cash in my account within 1-3 business days. I also have a credit card.
Having cash or digital currency savings just depreciating in a 'savings account' is a bit outdated now. Credit cards can handle immediate expenses(given you're not using them as your primary means of payment and they're not close to being maxed out) and modern digital banking is so quick you can flip stocks quickly. Large unexpected expenses usually have some payment options(invoice) often affords you 14 days to pay so waiting 1-3 business days for the return on sold stocks shouldn't be an issue.
“Put your hands up this is a robbery!”
Its really not every day. Those i know who use it have a goal in mind to save until they reach the amount. Invest, vacation or xmas. When you first start out saving, it can help with cosistency each week.
You awesome sir😊
Great advice man
$100 dollars per day? That's like an average Salary every 2 weeks in my country.
I think it's good to have the habit of saving. Then, keep an emergency fund, and invest the rest.
By chance do you have any stock investment advice?
So what your saying is the concept of the booklet is great but the execution is wrong. If you did the exact same thing but replaced where you store your money then it would be an ideal way to save money effectively?
Bruh.... I dont even make 5k$ in 3 months 😂😂😂😂
Get a better job tbh
These americans don't understand that 5000$ can be your entire life savings before retirement in some other countries
@@Nxst-i5l 5000 would last like 3 months here in the UK lol.
@@Nxst-i5lI know right, I just escaped my country because a civil war broke and needed to flee, I went to the uae, working as a cashier will get me around 2500-4000dhs which is 650-1000 dollar a month.
@@Nxst-i5lhow is that even relevant. This video shows US dollars. Its advice for Americans.
I did that 5K book challenge & invested it into stockmarket anyways, win win!
Great advice unless you live in Ireland (me) where they tax all realised income and gains as well as unrealised ETF gains every 8 years at 41% and can't offset any realised capital losses. Anyone have any advice to alternative investment vehicles?
Can I have the book? Why not send them over to the US? Lol 😂
Thiefs favourite book
its easy 2 save when u have more ! :D
Isn't that obvious? Doesn't negate the advice though.
Who has cash? It would make much more sense to do this in your internet banking and put it into a savings account.
I love you Mark, amazing
At this rate, EVERYTHING is gonna go down in value.
How it feels to Look at my Pokémon Binder 🤑
How come you live in the uk and have your money as dollars I’m genuinely curious
Investment is one of the scam/game, which most ordinary people will still loss money overtime.
Yes! Thank you. I thought that idea was sketchy
I'm not too concerned about the loss in value over that short period of time if it gets someone that otherwise wouldn't save to start saving. But the other points are all valid. Having huge dollar amounts on some days is just going to kill whatever enthusiasm you had building. Much better to keep it to reasonable amounts. And maybe make it more about little daily thrift challenges. Today save money by bringing lunch from home. Today save money by not buying preprocessed food, etc.
Becuase I ain’t got that money to waste on funds when it’s a fools game unless you have the cash after all life expences and treat to waste
Pokemon book❌️
Money book✅️
I always said these books are a waste of time lol
Whos using cash in 2024 grandpa?
You said “honestly” in one line but not the others how can I trust you⁉️
Yeah the average person where I live makes maybe $120-140 a day fulltime. Not sure how the heck they would save that amount if they have any responsibilities at all
Please tell me more about investing
Index fund with 8% return ? Where do we find these ones
The 500 biggest company in the World
@@GENKIDAMA10In the US*
VOO has 10% average at least until few months ago i think, do your research, there are many more
nasdaq 100 has grown over 30% ytd
I still remember my friend inheriting lots of dax shares, when they got transfered he simply sold everything and put everything in an good Index fund
Maybe the $ dollar loses value but the British £ pound doesn't
But mark most Americans can't even save for retirement 😮
I keep $20-40 at home only. The rest is invested PROPERLY!
looks like a banknotes collection instead 💀
Bro just found out what else to put in Pokemon Card holders
For one ain't no local boss man going to accept usd
Wisdom🙏🏿😊💰💰💰💰
How do I download an app and start investing? I get the idea, but how do I actually put my cash into an investment?
even having it in a high yeild savings account is better, I only keep around $200 in cash incase of an emergency
Only $200 ??
Dude, respectfully, you need more than that in your emergency fund. 3-6 months minimum. If you lose your job, that $200 will last you a week. Problems like this always seem to happen at the same time too. You could lose your job, your car breaks down, then your boiler breaks. Be prepared for worst case scenario.
@@PowerofRock24 if i lose my job i take from my savings account
What index funds would you suggest we be investing in?
Best thing i ever did to help me save. Bought a safe and save in cash. Never open the safe unless your adding to it and never count it. Once you gain the discipline to not use it then out it in a HYSA
The safe has the same problem as this booklet. The money is sat there doing nothing but losing value. Never keep physical cash. At least exchange that cash in your safe for gold or something that will grow in value.
Every week I put $100 into my savings account and every couple of months I withdraw that savings account down to $200 and convert all the money into silver. I've thought about investing it but I don't really know where to start and I don't really trust that the global economy is going to be around for much longer
Hi mark what index do you recommend thanks
Yea but if the marlet crashes? Or the ROI is nit going to be worth the hustle?
I mean I can save roughly 120 dollars a day but yes keeping it in a folder is worthless