Invest, invest,invest. I’m 26 and while there some money mistakes you will still make, cause we’re all humans. Investing will put you ahead of the curve.
Giiirl, I'm 24 currently and just finished getting out of the stupid ass debt i got myself into. We've ALL made mistakes... The trick is to learn from them! Love this video
im 18 and i feel like im always behind but watching these videos, reading the comments, and even talking to my parents help me realize im still a kid and just wanting to educate myself on these things is exactly where i need to be
I got financially wise at 21. The financial mistakes I made from age 17-21 cost me $50K (Student loan debt & not saving/budgeting). 24 now, most of my debt is paid & in a much better place financially. Sometimes I think about that $50K but no use in crying over spilled milk at this point. Just learned from my mistakes and moving a lot smarter now! Plus, if you’re a real hustler, you’ll know how to bounce back from any situation & level up even higher
damn 50k student loan debt ! plus having to also spend money on order to live. I’m going to the military so that they can pay for my school so that way I don’t have any student loans . Plus I can save most of the money I get that way since everything else is covered .
Uff I love this! This lifted me up so much. I find it very hard to forgive myself for my dumb ass financial mistakes back in my teenage years and 20's. Single mom of two now and life is a struggle but like u said no point in crying over spilled milk
@@Angelina-rt3or So many of these UA-cam videos tell you you can earn an extra income doing some ad, which turn out to be scams, but Instant profit🖤org actually present real ideas to make more money. Great video! Keep being legit! 🖤
living at home has saved me so much! I've realized how lucky and what a privilege it is to be able to live at home and save money for your other financial goals
I'm 33 yo now and I never made any of these mistakes, but I realize I was very blessed to have parents that taught me financial responsibility very young. This is a great video since I'm hoping a lot of younger ppl will watch. The only thing that really helps is learning all of this stuff as early as possible. Would really help if personal finance was taught in high school, but I digress.
i’m 33 and the exact opposite. i grew up with parents who are financially illiterate so i had to learn finance management from other people and was stumbling through it (still is tbh) i’m hoping to be fully financially free soon.
My parents tried to teach me financial literacy but the only thing they told me was save money. They never taught me how to budget or about spending habits or any of that. I grew up being told that if I wanted some thing I had to pay for it myself, and when I got my first full-time job and I got them $700 checks I was buying everything that I wanted that I missed out when I was younger. And I still kind of do that now. I’m trying to work on my relationship with money and I’m delayed gratification.
@@nicoleso7777 AH! sorry i didn't see this comment. but honestly i think it's as easy as making sure you spend less than you make. people know the concept, but it's hard to put it into practice. this means doing whatever works with you and your habits. do you wanna track every expense on a spreadsheet? cool, if that works for you. if not, some people make sure to sock away whatever savings/investments they want to make right when they get their paycheck, and then they're free to spend the rest. with either approach, you ensure that you're spending less than you make, but both approaches are super different. Also with the savings, it depends on what expenses you have in your life and your own situation and taking a risk-based approach. Do you have fairly steady income with a secure job and usual expenses every month? then you might not need to save so much for your EMERGENCY SAVINGS. Are your living expenses not as regular with erratic bills/expenses? a larger cushion might be what you need and you'll need to adjust the amount you save per month to reflect that. if you're willing to take on more risk and not have too big of a cushion, then just know you're living riskier if you can handle it. however it is you decide to plan out how you spend your paychecks and plan out your finances, just make sure there's a plan! FINALLY! when I decide to spend any amount of money on something, especially a huge purchase, I think about how much TIME it costs to buy it. like say you make $20 per hour. if something costs $100, is that thing really worth 5 hours of your life? if not, it aint worth it to buy.
I’m 24 , I moved out when I was 18 . Here’s my list before I watch the video 1. Getting into anything that needs a payment plan (phones , just fab things like that) 2. Credit cards 3. School loans 4. Not putting any-money away 5. Buying wants over Necessities
23 and I just feel so out of control of my finances. I feel like I don’t make enough to get ahead of my debt but I also do myself a disservice by not budgeting the little that I do make. I have gotten quite depressed over my finances even though they aren’t the worst out there by far. Thank you for making this video. I’m hoping that this can be a stepping stone for me in the right direction.
I’m 23 with a retirement x savings account. And I live with my parents in a NY apartment. I know my time will come when I’m financially stable x able to manage my finances.
I just turned 24 and relate to you so much. People say my debt isn’t “that bad” but it’s a lot for me and an emotional burden. I’m not that great at budgeting so I feel stuck.
@@empirelyricschannel Why are you putting money in a retirement fund? There is a limit of how much you put into a RRSP and it makes more sense to put funds away when you are in a higher tax bracket. I am just assuming this right now but judging by your age you are probably in one of the lowest tax brackets meaning that the government is not clawing away a ton of your salary. It’s smart to put money in savings of some kind but you are too young to put in in a RRSP (if that’s what you are in fact doing). Same thing goes for a TFSA.
This came at a time when I was deciding on either taking a vacation during Christmas or waiting until off-peak season to save some money. This is a sign!
I’m glad you bring up useful luxuries, like something I’m learning (as a 23 y/o) that some things are actually worth spending more on instead of always looking for the cheapest option. Like, spending a little more on stuff like high quality shoes is soooo worth it and you can always save in other areas
Biggest mistake I paid $1200 for a plane ticket to Japan in APRIL OF 2020 Whole trip was cancelled Didnt get it refunded Didnt call to ask about getting it refunded because I was scared 🙃
i am 32 and ive been drowning in credit card debt 😢 just years since high school and college of large purchases that i couldnt afford at the time, mostly travel or big shopping expenses. 2022 is the year i think i will finally get it done, so crossing fingers!
Before moving out, get the emergency fund *ANDD go ahead and do a fund for the furnishings and all. It could run a few thousand and you could start a spreadsheet to calculate the cost of everything on your list
I’m less than a week from turning 23 and ngl my spending habits are kind of messy, but I’m proud of myself for setting up an untouchable “future fund” for myself a few months ago to go towards moving out. Now just gotta work on making a budget and sticking to it 😅
I’m 27 and I am just now understanding the importance of smart finances. I just finished creating an emergency savings and I feel I have enough to begin investing but don’t know where to start…
Love this Asia. One of my goals for 2022 is to be more financially abundant -- working on paying down credit card debt, starting an emergency fund, investing, making sustainable purchases. Living check to check isn't ideal nor fun, but with the correct discipline and grace, I know getting out of this whole is achievable. I look forward to seeing more videos like this! ❤️
I bought a new car at 22 and don’t regret it. I just feel like the only thing that matters with car value is if you decide to sell it. In that case, I would do research on car manufacturers with the greatest longevity and make sure you’re purchasing a car that you’ll literally drive into the ground lol. Also, I agree with saving for the first few months- year of rent just as a starter but also you have to make sure your situation is stable and not like you just have a lot of money coming in at first but no way to sustain the income to pay rent in the long run. Basically how to avoid having to move back home because you can no longer afford rent after 6 months
I was literally hunting for this comment. New cars are only bad investments if you're choosing to sell it down the line, but if I have the intention of keeping that car until it dies, it's not considered a bad idea. I'm planning to buy a new car because it'll be something I love and be happy to drive into the ground.
I think my mistake right now at 27 is not creating a proper savings account while I was still living with my parents . I should have learned how to save properly as well.
As an “older adult” myself I appreciated your honesty in this video. I can relate and I used to beat myself up for past mistakes. But now I just embrace it and glad that I learned from it. Definitely plan on sharing my mistakes and suggestions with “new adults” in my family. Great video! Take care. 😊
Gosh . Your the kind of "INFLUENCER" , and content that needs to be there In UA-cam Instagram Like your podcasts will help and make young adults like it should . Your not just influencing your doing a great service to people ! 💜 Thank you for this
The fact that students who barely know anything about the world are expected to take on huge loans is a bit exploiting. But you live and learn, make sure to help others out! Good vid ✋
Im 16 now and I have my first job. I’m thankful that I’m now over the « buy everything with your money » faze and I now split my income 3 ways : half to my university fund, 1 quater to my car fund and 1 quater as my spending money for the month
Tbh I was very fortunate to have grown up in a very financially literate and financially supportive household- even though we were poor, my family encouraged me to save money as early as possible and even helped cosign for my first bank account. That bank account had all of $10 in there but it was still better than nothing. That being said, I'm 24 now and I can say... whew those overdraft fees absolutely ruined me in college LMAO My biggest mistake was not budgeting correctly and being realistic about what counted as "essential" purchases and what was something I could have skimped out on.
Having money is huge fro your mental health! I'm 20 and have been investing for the past two years and now have a decent low five figure portfolio and it just feels good!
thanks asia 😩 i’m 22 horrible wi th finances… not in debt but damn i don’t give my wallet a break. i just got an extra debit card. it’s supposed to act like a credit card helps u build a good score all while paying directly out of your debit card. it’s the most recent move i’ve made in some sort of better direction money wise. i’m really going to start taking saving more seriously. enough with the useless purchases! it’s the fact i’m watching this on black friday with cyber monday coming up 💀
I messed up my credit soooo bad in my early 20's when I completely neglected my Kohl's Credit card and was so behind on payments that they had closed my account and it went to collections. I had to work my ass of from having a credit score in the 400's but I worked my way up and now am in the mid-700's. It is possible to rebuild your credit! 🙌🏽🙌🏽🙌🏽 Edit: I'm 27 now but was 23 when I had the lowest credit score.
racking up credit card debt was definitely mine. Then doing a balance transfer to another card and still racking up debt on both cards. NEVER AGAIN. 2022 is my year to get my debt under control.
I’m 22 and started monitoring how I spend, it’s a good thing I’ve grown so much. I even read books about managing my finances I’m a proud young adult ❤️
I‘m from Germany and we have a different money mentality. Most people save a lot of money and build up till they move out. They only move out if they can easily afford the rent (which is minimum 1/3 of their income) So calculating with unexpected costs and enough savings is important, as well as investing, like you said. Don‘t ever take a loan for fashion etc. only for big investments like buying a house. Even a car should be easy to pay without money loan. I think you gave quite helpful tips for many people, it’s so important to resist impulsive consuming and expensive things you don’t need only because influencers or ads told you to buy it.
I loved this video so much! I turn 25 next month and I’m so tired of saying I’m going do better with my money and never do but this time it has to be different. You spoke on a lot of things I don’t hear people speak about a lot. I enjoyed and I sent to 3 friends!
Around 19 I regret putting my college reimbursement money to the side and helping my Mom pay for rent (I got about 3k my first two semesters can't remember how much after) but I definitely lived and learned from that. I was grateful for the pandemic because I was able to put the stimulus money and my own tax money to the side and got a brand new car July 2021 😁 I am 28 now and my struggle has been spending money on eating out if I can stop doing so much of that I can def save a lot more ! Pray for me 🙏
A lil past my mid-twenties now (oh man I’m getting old), and I still have a lot to work on with my financial goals. I’ll be depressed and all of a sudden I spend money on things I DONT need, although I’ve been better some days!
I spent SO much money on unnecessary things the first few years of my adulthood. Just turned 24, I’m still paying off my (not new) car and student loans but until this year I never had an emergency savings to fall back on. These are REALLY good tips.
Its a universal thing, Everyone makes mistakes in their 20s. Still living with my mom and no children but I sure saved money to almost paying off my car and seeing with paying insurance. Just need to finish college and find a good job. At 26' I'm sure saving this video to remind me. Thank you.
We have all been there beautiful 🙌🏾 & that’s how you learn from making mistakes and for most of us we were taught how to manage our finances so don’t feel bad. I’m 26 and having some of these same issues, this video showed me I’m not alone 😩
Ty for sharing stuff like this! You really give me hope so I don’t have to live in my car anymore. i also wanna Thank instant profit for trying to help others in tough situations 💕 you ARE appreciated! Blessings to you and your whole family gorg! oh lovely instant profit All the advice you give pertaining to being a self-made business woman/man, is so VALUABLE. Truly, ty for everything you're doing to help motivate and inspire the rest of us. You have a heart of gold girl and I appreciate you! Just subbed! To still remain positive after reading the comments left by a few complete morons is impressive.
The car payment was my biggest mistake. Also keeping track of your finances and really understanding credit scores affect EVERYTHING you want to do in life.
Impulsive buys was my money mistakes and then the whole break a big purchase into 4 payments with like Zip or after pay but I kept making big purchase that way so I ended up paying over $100 every other week. It just was terrible. My goal is to get $1000 in my savings, budget and cut off some subscriptions until I can get my savings/investments where I want them to be at ☺️ thank you for making this video ❤️
Lmfao when your dad said it would be easy making a video of mistakes you made with money made me laugh so hard bc it’s like “ well.. how many mistakes do you think I made??”😂
Money mistakes I made was not budgeting, not checking my account statements to monitor my spending and buying things that I wanted and not needed. Also not comparing prices to look for cheaper options. I'm in my second year of university and am budgeting (though i struggle to keep to it sometimes). I don't have unnecessary subscriptions. And I monitor my account to cut down on unnecessary expenses. It's all a learning curve tbf. I'm a bit unsure about investing though.
Last year I blew thru my $2000 savings so quick over the summer before college and was freaking out thinking I’ll never get it back. Im almost 19 and live w my parents so no bills, but now i have financial aid covering my college funds and the rest going towards my account. Ive put most of it in my savings and then spent lots of time watching yt vids on how to budget the rest that’s for me. It’s helped me go from $500 to $5000 in my savings in just my first year of college… hopefully this will lead me in a direction to moving out fairly soon :)
Watching this at the age of 16, and I hope I can apply all the knowledge that I learnt for the next coming years... Although it makes me anxious about the possible expenses in the future.
I just hate the idea of paying someone's rent for poor quality housing (NYC) but I'm sort of tired of living with family at this point. I'm 23...I have about $150k in liquid savings and an investment fund in my tech company's stock. It's essentially the same issue in NYC housing market. Too expensive to buy but renting experience is not worth the cost here...I don't know what to do but stay put.
I might be a year late but coming across this video made me rethink about my money decisions. Back when I was in highschool I used to save up around a thousand dollars from my school allowance. But then when I started college and I got more freedom in my hands, I used all those money for traveling until I'm all wiped out completely. Now my current money mistake is that Im so obsessed with collecting photocards from my favorite korean idol group and I have been paying a lot of subscriptions.. I've been getting myself to be on track by watching videos like yours so thank you for the heads up! Hope I can get back to where I started.
my bank doesn't allow more than 4 transfers online from my savings to checking in a month...so they charged me a $40 fee...i'm never making that mistake again...i thought it was unlimited transfers...it's not if it's online...which is stupid but now i know...my parents didn't even know about this policy since they're new to online banking as well and that's why it's so hard to be me...i basically learn everything on my own...sometimes the hard way
I’m still in my 20‘s 😂 but which mistake I did was investing in the wrong company. I was listening to an advice from someone, who didn’t do a good background check about the company. His investing strategy seemed more like gambling. I didn’t that my friend, who gave me the advice, got into debt just to buy shares of the company. Which is a red flag now that I think about it 🚩🚩🚩But I trusted him and invested in a company, which was faking data about the revenue and in the end the CEO ran away as everything went downhill. Fortunately I’ve just lost 50€ or something. But it teached me a more valuable lesson. To only trust you own believes and to check twice or even more before investing in the company. Also I‘m more beware with investing when there’s an upcoming earning call. In these times shares can be very volatile.
Isn’t it ashame how they take advantage of new adults??? Srsly they make a lot of money on those ‘fees’! My #1 mistake was not saving. I had nothing left over to save 😭
Even though 8 income streams sounds like a very lucrative way to go... I do not think that I could juggle that many. I think that I'd be content with about 3 or 4. But thanks for making the video! Very great information fron Instant profit🖤org
So many of these UA-cam videos tell you you can earn an extra income doing some ad, which turn out to be scams, but Instant profit🖤org actually present real ideas to make more money. Great video! Keep being legit! 🖤
I personally have had this aversion to designer products and this is basically because of my father who has taught me the importance of simplicity. I love saving money or the pocket money I get from my parents. yes, im 20 and get pocket money because I've been trying to find job for like so long but I don't have proper work experience so like I decided to start volunteering to increase my experience. Anywho, Once i get a job my goal is either too save up £50 a month and to give some money to my parents as to help them with their finance since I live with my parents and they do so much for me.
I tend to think that I am pretty good with my money, but there are definitely a few things that I should chill out on. I'm not super into luxury things but I was getting my nails done every 3 weeks for awhile, and I recently realized that it is kind of a waste. Luckily there is no way for me to actually quantify the money that I spent for 3 years straight every 3 weeks BUT I think the number would probably make me gag. Thanks for making the video Asia!
I recently turned 26 and only now have a better grasp on my finances. I’m first generation american on top of that, so having to deal with the way my parents view money, and added bonus of a mom who was a cheapskate but my dad who would spend willy nilly, did not help me develop a good foundation for when I first started college. My parents would also put bills in my name and then be late paying it, so my credit starting out was *horrible*. I now have a job that pays decently so I can actually properly budget , my husband (great and anal about finances) put me as an authorized user on his credit card so my credit would build up, and I just got my first credit card a few months ago (a secured one but hey it’s a credit card). The only debt I’m currently worried about is the beast known as student debt.
Really awesome tips and guidance, I'm in the middle of saving for my emergency fund and really looking in to getting into earning passive income. In terms of mistakes....whew, overspending on luxury gifts for my partner and myself. Also, lending money to family/partner as well....I guess we live and we learn 😅 A side note, do you mind sharing the details for your microphone? The sound is so crisp!
Turning 26 in April; not taking advantage of the NJ Stars program which basically would’ve paid my entire college tuition if I stayed in state (I was hell bent on moving out of state, but ended up moving back and graduating from a state school anyway 🤦🏻♀️), credit card debt out the ass, not saving or investing, trading a car in with NEGATIVE equity, moving out without a savings built. BUT, I claimed 2022 as my year of truly committing to financial education and making the most out of my current situation and improving myself for the future 💖
I am still in my early 20s and I regret not clearing balances on my credit card each month 😫 I've cleared one card and hope to clear the other before the end of 2022, so we'll see. Enjoyed this video!
I think about all my money mistakes from when I was in my 20's and now my circumstances have changed drastically I'm a single mom of two and it is very difficult financially, I wish I had done better, so my life and my children's life may have been a lil easier, God help us and others who struggle
I've always been a natural saver, so spending is actually hard for me lmao. Great video!! Love hearing from other fellow 20 some year olds, because budget and finance is something none of us really ever learned, yet it's so vital to everyday life (especially in Capitalist North America opps hehe).
I think if I didn't spend my money on clothing, heels, purses and eating out, I would own multiple rental properties by now and work towards retirement. I see girls buy a Hermes Birkin bag, I see that as a new Tesla if I invest the money for a few years.
I made mistakes too with money but it wasn't the spending part, it was the opportunities to make money I took for granted which could have put me further ahead, plus I got scammed. These mistakes were made between 18-21, now I'm 23 and making better decisions
super late , but my dad gave me and my siblings debit cards when we entered middle school and gave us a $25 monthly allowance . it was great for point #02 because it helped us keep up with our spending especially since wells fargo has overdraft prevention and we were able get text messages when our limit was low . i don’t think i ever had a late or overdraft fee because we were forced to keep up with our expenses and that was a healthy habit formed early .
About mistake 3, in 20's most of us are getting our life together. Investing is just a math problem. If you start early is good, but if you start with low money is nothing compared to what you can do later, assuming you have a plan to earn more, like being a entrepreneur. You can just compensate this amount later. Don't waste money investing to get back some few hundred dollars. Invest in yourself or your business. Rich people know good business make the most ROI.
Me, 22 and taking notes: 🙇📝
Same here 🙋♀️✍️📝
Same😂
Me too babe. Me too 😂💕
Invest, invest,invest. I’m 26 and while there some money mistakes you will still make, cause we’re all humans. Investing will put you ahead of the curve.
Me too🤗
Giiirl, I'm 24 currently and just finished getting out of the stupid ass debt i got myself into. We've ALL made mistakes... The trick is to learn from them! Love this video
I wish this was me 😂 i’m a 27 year old grad student too broke to pay off debt. kudos to you !
@@aasian i
@@aasian )-
@@aasian uuiii^^
@@aasian &/&28isi8idhj))
im 18 and i feel like im always behind but watching these videos, reading the comments, and even talking to my parents help me realize im still a kid and just wanting to educate myself on these things is exactly where i need to be
MADE $45,OOO FROM INSTANT PROFIT❤️ORG
I got financially wise at 21. The financial mistakes I made from age 17-21 cost me $50K (Student loan debt & not saving/budgeting). 24 now, most of my debt is paid & in a much better place financially. Sometimes I think about that $50K but no use in crying over spilled milk at this point. Just learned from my mistakes and moving a lot smarter now! Plus, if you’re a real hustler, you’ll know how to bounce back from any situation & level up even higher
damn 50k student loan debt ! plus having to also spend money on order to live. I’m going to the military so that they can pay for my school so that way I don’t have any student loans . Plus I can save most of the money I get that way since everything else is covered .
My queen
Look at it in this way, in 3-4 years you will have another 50k+ saved
Uff I love this! This lifted me up so much. I find it very hard to forgive myself for my dumb ass financial mistakes back in my teenage years and 20's. Single mom of two now and life is a struggle but like u said no point in crying over spilled milk
@@Angelina-rt3or So many of these UA-cam videos tell you you can earn an extra income doing some ad, which turn out to be scams, but Instant profit🖤org actually present real ideas to make more money. Great video! Keep being legit! 🖤
living at home has saved me so much! I've realized how lucky and what a privilege it is to be able to live at home and save money for your other financial goals
MADE $45,OOO FROM INSTANT PROFIT❤️ORG
its so difficult to budget $$ when you make so little because everything is soooooo expensive.
I'm 33 yo now and I never made any of these mistakes, but I realize I was very blessed to have parents that taught me financial responsibility very young. This is a great video since I'm hoping a lot of younger ppl will watch. The only thing that really helps is learning all of this stuff as early as possible. Would really help if personal finance was taught in high school, but I digress.
i’m 33 and the exact opposite. i grew up with parents who are financially illiterate so i had to learn finance management from other people and was stumbling through it (still is tbh) i’m hoping to be fully financially free soon.
My parents tried to teach me financial literacy but the only thing they told me was save money. They never taught me how to budget or about spending habits or any of that. I grew up being told that if I wanted some thing I had to pay for it myself, and when I got my first full-time job and I got them $700 checks I was buying everything that I wanted that I missed out when I was younger. And I still kind of do that now. I’m trying to work on my relationship with money and I’m delayed gratification.
Would love if you could share!! In my late 20s but am always eager to be better in financial habits
@@nicoleso7777 AH! sorry i didn't see this comment. but honestly i think it's as easy as making sure you spend less than you make. people know the concept, but it's hard to put it into practice. this means doing whatever works with you and your habits. do you wanna track every expense on a spreadsheet? cool, if that works for you. if not, some people make sure to sock away whatever savings/investments they want to make right when they get their paycheck, and then they're free to spend the rest. with either approach, you ensure that you're spending less than you make, but both approaches are super different. Also with the savings, it depends on what expenses you have in your life and your own situation and taking a risk-based approach. Do you have fairly steady income with a secure job and usual expenses every month? then you might not need to save so much for your EMERGENCY SAVINGS. Are your living expenses not as regular with erratic bills/expenses? a larger cushion might be what you need and you'll need to adjust the amount you save per month to reflect that. if you're willing to take on more risk and not have too big of a cushion, then just know you're living riskier if you can handle it. however it is you decide to plan out how you spend your paychecks and plan out your finances, just make sure there's a plan!
FINALLY! when I decide to spend any amount of money on something, especially a huge purchase, I think about how much TIME it costs to buy it. like say you make $20 per hour. if something costs $100, is that thing really worth 5 hours of your life? if not, it aint worth it to buy.
you are a lucky one 🤞🏼🤞🏼🤞🏼
I’m 24 , I moved out when I was 18 . Here’s my list before I watch the video
1. Getting into anything that needs a payment plan (phones , just fab things like that)
2. Credit cards
3. School loans
4. Not putting any-money away
5. Buying wants over Necessities
MADE $45,OOO FROM INSTANT PROFIT❤️ORG
Sticking to my budget is where I need to improve and not pulling from my savings account to splurge
Yesss same
Hello there how are you feeling today and how is the weather conditions over there ?
23 and I just feel so out of control of my finances. I feel like I don’t make enough to get ahead of my debt but I also do myself a disservice by not budgeting the little that I do make. I have gotten quite depressed over my finances even though they aren’t the worst out there by far. Thank you for making this video. I’m hoping that this can be a stepping stone for me in the right direction.
I’m 23 with a retirement x savings account. And I live with my parents in a NY apartment. I know my time will come when I’m financially stable x able to manage my finances.
I just turned 24 and relate to you so much. People say my debt isn’t “that bad” but it’s a lot for me and an emotional burden. I’m not that great at budgeting so I feel stuck.
You should consider investing.
@@empirelyricschannel Why are you putting money in a retirement fund? There is a limit of how much you put into a RRSP and it makes more sense to put funds away when you are in a higher tax bracket. I am just assuming this right now but judging by your age you are probably in one of the lowest tax brackets meaning that the government is not clawing away a ton of your salary. It’s smart to put money in savings of some kind but you are too young to put in in a RRSP (if that’s what you are in fact doing). Same thing goes for a TFSA.
@@chloemonette7427 since when was there an age limit on a retirement savings account? That’s what investment pages have recommended.
This came at a time when I was deciding on either taking a vacation during Christmas or waiting until off-peak season to save some money. This is a sign!
When is the off peak seasons for travel?
MADE $45,OOO FROM INSTANT PROFIT❤️ORG
Getting a credit card at 20 and maxing it out was definitely my biggest mistake. 😅
i fell victim to that too😩
I’m glad you bring up useful luxuries, like something I’m learning (as a 23 y/o) that some things are actually worth spending more on instead of always looking for the cheapest option. Like, spending a little more on stuff like high quality shoes is soooo worth it and you can always save in other areas
Biggest mistake
I paid $1200 for a plane ticket to Japan in APRIL OF 2020
Whole trip was cancelled
Didnt get it refunded
Didnt call to ask about getting it refunded because I was scared 🙃
Omg I feel you on that not asking/making sure about something because of fear
Girl heck noooo. Call themmmm. They’re Just another person like you on the other line. Worse thing they can say is NO. But at least you tried
just call and ask when you are to expect your refund. Do it casually. don’t let an airport take ur hard earned 1200!
I don’t get it. Help me out. Scared of what?
If you gotta cuss someone out. You gotta cuss someone out. It’s your money and your life.
i am 32 and ive been drowning in credit card debt 😢 just years since high school and college of large purchases that i couldnt afford at the time, mostly travel or big shopping expenses.
2022 is the year i think i will finally get it done, so crossing fingers!
Same!
Before moving out, get the emergency fund *ANDD go ahead and do a fund for the furnishings and all. It could run a few thousand and you could start a spreadsheet to calculate the cost of everything on your list
I’m less than a week from turning 23 and ngl my spending habits are kind of messy, but I’m proud of myself for setting up an untouchable “future fund” for myself a few months ago to go towards moving out.
Now just gotta work on making a budget and sticking to it 😅
I’m 27 and I am just now understanding the importance of smart finances. I just finished creating an emergency savings and I feel I have enough to begin investing but don’t know where to start…
Start with crypto
I'm 26 and still making some of this mistakes kkkrying but now I'm more aware of my financial responsibilities and how control it better. Great video!
You and I 🫂
I'm also 26 and still making some of these mistakes! Should we dare to say that we'll do better in 2022?👀
@@wivinegwaneza523 ooh let's do it! I have big plans for 2023 and all depends of how much money I can save in 2022. I'm all in kkkkkk
MADE $45,OOO FROM INSTANT PROFIT❤️ORG
Love this Asia. One of my goals for 2022 is to be more financially abundant -- working on paying down credit card debt, starting an emergency fund, investing, making sustainable purchases. Living check to check isn't ideal nor fun, but with the correct discipline and grace, I know getting out of this whole is achievable. I look forward to seeing more videos like this! ❤️
Yes ! 🙌
MADE $45,OOO FROM INSTANT PROFIT❤️ORG
I bought a new car at 22 and don’t regret it. I just feel like the only thing that matters with car value is if you decide to sell it. In that case, I would do research on car manufacturers with the greatest longevity and make sure you’re purchasing a car that you’ll literally drive into the ground lol. Also, I agree with saving for the first few months- year of rent just as a starter but also you have to make sure your situation is stable and not like you just have a lot of money coming in at first but no way to sustain the income to pay rent in the long run. Basically how to avoid having to move back home because you can no longer afford rent after 6 months
I was literally hunting for this comment. New cars are only bad investments if you're choosing to sell it down the line, but if I have the intention of keeping that car until it dies, it's not considered a bad idea. I'm planning to buy a new car because it'll be something I love and be happy to drive into the ground.
Damn girl your mic sounds so good!
Went to college on student loans where the bulk of them were private rather than federal. A mistake that almost 10 years later I’m still paying for.
I think my mistake right now at 27 is not creating a proper savings account while I was still living with my parents . I should have learned how to save properly as well.
im not even kidding the notification popped up RIGHT AFTER i j purchased sumn online again-
As an “older adult” myself I appreciated your honesty in this video. I can relate and I used to beat myself up for past mistakes. But now I just embrace it and glad that I learned from it. Definitely plan on sharing my mistakes and suggestions with “new adults” in my family. Great video! Take care. 😊
MADE $45,OOO FROM INSTANT PROFIT❤️ORG
Gosh .
Your the kind of "INFLUENCER" , and content that needs to be there In UA-cam Instagram
Like your podcasts will help and make young adults like it should .
Your not just influencing your doing a great service to people ! 💜 Thank you for this
MADE $45,OOO FROM INSTANT PROFIT❤️ORG
The fact that students who barely know anything about the world are expected to take on huge loans is a bit exploiting. But you live and learn, make sure to help others out!
Good vid ✋
Im 16 now and I have my first job. I’m thankful that I’m now over the « buy everything with your money » faze and I now split my income 3 ways : half to my university fund, 1 quater to my car fund and 1 quater as my spending money for the month
I'm currently 20 and running into this video this year is the best thing that has ever happened to me.
When I was in college, I put all of my sorority expenses on my credit cards. I'm 22 and still paying the cards off. Ladies, don't do it lol
Tbh I was very fortunate to have grown up in a very financially literate and financially supportive household- even though we were poor, my family encouraged me to save money as early as possible and even helped cosign for my first bank account. That bank account had all of $10 in there but it was still better than nothing. That being said, I'm 24 now and I can say... whew those overdraft fees absolutely ruined me in college LMAO My biggest mistake was not budgeting correctly and being realistic about what counted as "essential" purchases and what was something I could have skimped out on.
Having money is huge fro your mental health! I'm 20 and have been investing for the past two years and now have a decent low five figure portfolio and it just feels good!
thanks asia 😩 i’m 22 horrible wi th finances… not in debt but damn i don’t give my wallet a break. i just got an extra debit card. it’s supposed to act like a credit card helps u build a good score all while paying directly out of your debit card. it’s the most recent move i’ve made in some sort of better direction money wise. i’m really going to start taking saving more seriously. enough with the useless purchases! it’s the fact i’m watching this on black friday with cyber monday coming up 💀
Watching this at 18 so I can avoid these mistakes :) thank you Asia!
I messed up my credit soooo bad in my early 20's when I completely neglected my Kohl's Credit card and was so behind on payments that they had closed my account and it went to collections. I had to work my ass of from having a credit score in the 400's but I worked my way up and now am in the mid-700's. It is possible to rebuild your credit! 🙌🏽🙌🏽🙌🏽
Edit: I'm 27 now but was 23 when I had the lowest credit score.
racking up credit card debt was definitely mine. Then doing a balance transfer to another card and still racking up debt on both cards. NEVER AGAIN. 2022 is my year to get my debt under control.
I still remember your Louboutins and that’s immediately what I thought of right before you said it! Great advice and video 😄
As a newly fresh 20 year old who is moving soon this couldn’t come at a better time so thank you. If anyone has advice I would greatly appreciate it.
I’m 22 and started monitoring how I spend, it’s a good thing I’ve grown so much. I even read books about managing my finances I’m a proud young adult ❤️
I‘m from Germany and we have a different money mentality. Most people save a lot of money and build up till they move out. They only move out if they can easily afford the rent (which is minimum 1/3 of their income) So calculating with unexpected costs and enough savings is important, as well as investing, like you said. Don‘t ever take a loan for fashion etc. only for big investments like buying a house. Even a car should be easy to pay without money loan. I think you gave quite helpful tips for many people, it’s so important to resist impulsive consuming and expensive things you don’t need only because influencers or ads told you to buy it.
Wow, I definitely have a lot of those early money mistakes as well 😂.
I loved this video so much! I turn 25 next month and I’m so tired of saying I’m going do better with my money and never do but this time it has to be different. You spoke on a lot of things I don’t hear people speak about a lot. I enjoyed and I sent to 3 friends!
im 18 but one of the biggest money mistakes ive made was spending money i dont have and impulsive buying
Around 19 I regret putting my college reimbursement money to the side and helping my Mom pay for rent (I got about 3k my first two semesters can't remember how much after) but I definitely lived and learned from that. I was grateful for the pandemic because I was able to put the stimulus money and my own tax money to the side and got a brand new car July 2021 😁 I am 28 now and my struggle has been spending money on eating out if I can stop doing so much of that I can def save a lot more ! Pray for me 🙏
Hello there how are you feeling today and how is the weather conditions over there ?
About to buy a used car tomorrow you’re vidéo helped me feel relieved I thought I was making a mistake because the car is not new
A lil past my mid-twenties now (oh man I’m getting old), and I still have a lot to work on with my financial goals. I’ll be depressed and all of a sudden I spend money on things I DONT need, although I’ve been better some days!
I spent SO much money on unnecessary things the first few years of my adulthood. Just turned 24, I’m still paying off my (not new) car and student loans but until this year I never had an emergency savings to fall back on. These are REALLY good tips.
I’m still paying off my collections from a financial mistake at 19
Its a universal thing, Everyone makes mistakes in their 20s. Still living with my mom and no children but I sure saved money to almost paying off my car and seeing with paying insurance. Just need to finish college and find a good job. At 26' I'm sure saving this video to remind me. Thank you.
as an 18 year old, thank you so much. will surely remember these!
We have all been there beautiful 🙌🏾 & that’s how you learn from making mistakes and for most of us we were taught how to manage our finances so don’t feel bad. I’m 26 and having some of these same issues, this video showed me I’m not alone 😩
Ty for sharing stuff like this! You really give me hope so I don’t have to live in my car anymore. i also wanna Thank instant profit for trying to help others in tough situations 💕 you ARE appreciated! Blessings to you and your whole family gorg!
oh lovely instant profit All the advice you give pertaining to being a self-made business woman/man, is so VALUABLE. Truly, ty for everything you're doing to help motivate and inspire the rest of us. You have a heart of gold girl and I appreciate you! Just subbed!
To still remain positive after reading the comments left by a few complete morons is impressive.
MADE $45,OOO FROM INSTANT PROFIT❤️ORG
The car payment was my biggest mistake. Also keeping track of your finances and really understanding credit scores affect EVERYTHING you want to do in life.
Impulsive buys was my money mistakes and then the whole break a big purchase into 4 payments with like Zip or after pay but I kept making big purchase that way so I ended up paying over $100 every other week. It just was terrible. My goal is to get $1000 in my savings, budget and cut off some subscriptions until I can get my savings/investments where I want them to be at ☺️ thank you for making this video ❤️
I think it so sweet, thank you for including a what I did right section.
Lmfao when your dad said it would be easy making a video of mistakes you made with money made me laugh so hard bc it’s like “ well.. how many mistakes do you think I made??”😂
I love you Asia and I’m here from 2017, just want to say You are doing great ! Good days are ahead .
buying too many items for clothing and accessories .. + buying fast fashion :( I am still crying those stupid spendings
Money mistakes I made was not budgeting, not checking my account statements to monitor my spending and buying things that I wanted and not needed. Also not comparing prices to look for cheaper options. I'm in my second year of university and am budgeting (though i struggle to keep to it sometimes). I don't have unnecessary subscriptions. And I monitor my account to cut down on unnecessary expenses. It's all a learning curve tbf. I'm a bit unsure about investing though.
Hello there how are you feeling today and how is the weather conditions over there ??
Last year I blew thru my $2000 savings so quick over the summer before college and was freaking out thinking I’ll never get it back. Im almost 19 and live w my parents so no bills, but now i have financial aid covering my college funds and the rest going towards my account. Ive put most of it in my savings and then spent lots of time watching yt vids on how to budget the rest that’s for me. It’s helped me go from $500 to $5000 in my savings in just my first year of college… hopefully this will lead me in a direction to moving out fairly soon :)
Watching this at the age of 16, and I hope I can apply all the knowledge that I learnt for the next coming years... Although it makes me anxious about the possible expenses in the future.
Me at 19 taking notes :🗒️📝
Btw patiently waiting for your jewelry collection video 😍
Looking forward ❤️
I just hate the idea of paying someone's rent for poor quality housing (NYC) but I'm sort of tired of living with family at this point. I'm 23...I have about $150k in liquid savings and an investment fund in my tech company's stock. It's essentially the same issue in NYC housing market. Too expensive to buy but renting experience is not worth the cost here...I don't know what to do but stay put.
23 and you’ve got $150k in savings? You are doing good !
150k? That’s amazing !!?? If you don’t mind me asking how long did it take to save up those funds ?
I might be a year late but coming across this video made me rethink about my money decisions.
Back when I was in highschool I used to save up around a thousand dollars from my school allowance. But then when I started college and I got more freedom in my hands, I used all those money for traveling until I'm all wiped out completely.
Now my current money mistake is that Im so obsessed with collecting photocards from my favorite korean idol group and I have been paying a lot of subscriptions.. I've been getting myself to be on track by watching videos like yours so thank you for the heads up! Hope I can get back to where I started.
my bank doesn't allow more than 4 transfers online from my savings to checking in a month...so they charged me a $40 fee...i'm never making that mistake again...i thought it was unlimited transfers...it's not if it's online...which is stupid but now i know...my parents didn't even know about this policy since they're new to online banking as well and that's why it's so hard to be me...i basically learn everything on my own...sometimes the hard way
thank you so much, now i dont feel so bad about my own money mistakes anymore, seems like it happens to all of us and we just learn
I’m still in my 20‘s 😂 but which mistake I did was investing in the wrong company. I was listening to an advice from someone, who didn’t do a good background check about the company. His investing strategy seemed more like gambling. I didn’t that my friend, who gave me the advice, got into debt just to buy shares of the company. Which is a red flag now that I think about it 🚩🚩🚩But I trusted him and invested in a company, which was faking data about the revenue and in the end the CEO ran away as everything went downhill.
Fortunately I’ve just lost 50€ or something. But it teached me a more valuable lesson. To only trust you own believes and to check twice or even more before investing in the company. Also I‘m more beware with investing when there’s an upcoming earning call. In these times shares can be very volatile.
I knew before pressing play you were going to bring up the Loubs 😂😂😂
@@aasian The So Kates had a chokehold on the early 2010’s 😂
Isn’t it ashame how they take advantage of new adults??? Srsly they make a lot of money on those ‘fees’!
My #1 mistake was not saving. I had nothing left over to save 😭
Even though 8 income streams sounds like a very lucrative way to go... I do not think that I could juggle that many. I think that I'd be content with about 3 or 4. But thanks for making the video! Very great information fron Instant profit🖤org
MADE $45,OOO FROM INSTANT PROFIT❤️ORG
Just turned 20 last month, this was amazing to know! thank you
So many of these UA-cam videos tell you you can earn an extra income doing some ad, which turn out to be scams, but Instant profit🖤org actually present real ideas to make more money. Great video! Keep being legit! 🖤
Just Turned 20 Dec 29th, 2021. I'm so thankful for these videos SAVING SAVING SAVING.
I am thankful that i am driving a 2009 camry, it does it stuff and it doesn't look extremely scuff. It also has an aux cord which is all I needed LOL
eating out instead of cooking because i can’t be asked to cook is a huuuugeee mistake i still make
I personally have had this aversion to designer products and this is basically because of my father who has taught me the importance of simplicity. I love saving money or the pocket money I get from my parents. yes, im 20 and get pocket money because I've been trying to find job for like so long but I don't have proper work experience so like I decided to start volunteering to increase my experience. Anywho, Once i get a job my goal is either too save up £50 a month and to give some money to my parents as to help them with their finance since I live with my parents and they do so much for me.
I tend to think that I am pretty good with my money, but there are definitely a few things that I should chill out on. I'm not super into luxury things but I was getting my nails done every 3 weeks for awhile, and I recently realized that it is kind of a waste. Luckily there is no way for me to actually quantify the money that I spent for 3 years straight every 3 weeks BUT I think the number would probably make me gag. Thanks for making the video Asia!
I recently turned 26 and only now have a better grasp on my finances. I’m first generation american on top of that, so having to deal with the way my parents view money, and added bonus of a mom who was a cheapskate but my dad who would spend willy nilly, did not help me develop a good foundation for when I first started college. My parents would also put bills in my name and then be late paying it, so my credit starting out was *horrible*. I now have a job that pays decently so I can actually properly budget , my husband (great and anal about finances) put me as an authorized user on his credit card so my credit would build up, and I just got my first credit card a few months ago (a secured one but hey it’s a credit card). The only debt I’m currently worried about is the beast known as student debt.
Your mic is superB. You made very good valid points👌
Please show us how you budget, your budget plan.
👍🏻
I am turning 20 next year I am so glad I got the opportunity to watch this video just in time. 💯💯💯
Love to see you shining a light on this for people in their 20's! It's nearly always better to start earlier 😁
I'm 20 and I'm definitely learning from your mistakes 😂🤣
Really awesome tips and guidance, I'm in the middle of saving for my emergency fund and really looking in to getting into earning passive income. In terms of mistakes....whew, overspending on luxury gifts for my partner and myself. Also, lending money to family/partner as well....I guess we live and we learn 😅
A side note, do you mind sharing the details for your microphone? The sound is so crisp!
Turning 26 in April; not taking advantage of the NJ Stars program which basically would’ve paid my entire college tuition if I stayed in state (I was hell bent on moving out of state, but ended up moving back and graduating from a state school anyway 🤦🏻♀️), credit card debt out the ass, not saving or investing, trading a car in with NEGATIVE equity, moving out without a savings built.
BUT, I claimed 2022 as my year of truly committing to financial education and making the most out of my current situation and improving myself for the future 💖
I love being a teenager and coming across videos like these, super enlightening
I am still in my early 20s and I regret not clearing balances on my credit card each month 😫
I've cleared one card and hope to clear the other before the end of 2022, so we'll see. Enjoyed this video!
I think about all my money mistakes from when I was in my 20's and now my circumstances have changed drastically I'm a single mom of two and it is very difficult financially, I wish I had done better, so my life and my children's life may have been a lil easier, God help us and others who struggle
I just love her voice 💕💕💕... plus as a 16 year old it helps me learn and get an awareness. Thank you so much💕💕😊😊
I've always been a natural saver, so spending is actually hard for me lmao. Great video!! Love hearing from other fellow 20 some year olds, because budget and finance is something none of us really ever learned, yet it's so vital to everyday life (especially in Capitalist North America opps hehe).
Do you have a video on how to start investing or can you please make one. I’m 20 and this video was so helpful
I think if I didn't spend my money on clothing, heels, purses and eating out, I would own multiple rental properties by now and work towards retirement. I see girls buy a Hermes Birkin bag, I see that as a new Tesla if I invest the money for a few years.
Thank you for the chapters!!
I made mistakes too with money but it wasn't the spending part, it was the opportunities to make money I took for granted which could have put me further ahead, plus I got scammed. These mistakes were made between 18-21, now I'm 23 and making better decisions
super late , but my dad gave me and my siblings debit cards when we entered middle school and gave us a $25 monthly allowance . it was great for point #02 because it helped us keep up with our spending especially since wells fargo has overdraft prevention and we were able get text messages when our limit was low . i don’t think i ever had a late or overdraft fee because we were forced to keep up with our expenses and that was a healthy habit formed early .
About mistake 3, in 20's most of us are getting our life together. Investing is just a math problem. If you start early is good, but if you start with low money is nothing compared to what you can do later, assuming you have a plan to earn more, like being a entrepreneur. You can just compensate this amount later. Don't waste money investing to get back some few hundred dollars. Invest in yourself or your business. Rich people know good business make the most ROI.
I'm here to learn it all babes. Thank you!
Also the fact you respond to comments proves you’re better than 99% of UA-camrs. well guys, i made money from instant profit ❤️org
Loved this video. Have you looked into reselling the LV stilettos? That may be a good way for you to recoup a good bit of the money!