How I Spend My $100K/Month Income | Money Diaries March 2024
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- Опубліковано 24 тра 2024
- Behind-the-scenes review of my finances! March was a good month for me income-wise... find out what my income sources were and what I did with it!
TIMESTAMPS
00:01:39 - "Crossover Point" update
00:08:43 - Income breakdown
00:10:08 - How I budgeted
00:14:00 - What I invested in
00:17:23 - Money wins
00:18:05 - Money fails
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**THINGS MENTIONED IN THIS VIDEO! 👀**
💫 Call To Freedom Email Newsletter: rosehan.com/calltofreedom
💫 Options Trading For Beginners Video Series: • 📈 Options Trading For ...
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**BOOKS I RECOMMEND 📚**
I Will Teach You to Be Rich (hilarious how-to book on personal finance for millennials)
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The Little Book of Common Sense Investing (Jack Bogle's classic advice on index funds)
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InvestED (step-by-step, millennial-friendly advice on how to pick stocks like Warren Buffett)
amzn.to/2SLTYpn
Unshakeable (this book = courage. blast ALL the fears & misconceptions you have about investing)
amzn.to/2SKyklt
Rich Dad Poor Dad (#1 selling personal finance book of all time... need I say more?)
amzn.to/2SJ6vtx
Think and Grow Rich (the ultimate book on money mindset and wealth consciousness)
amzn.to/37N2adc
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**MY FAVORITE MONEY TOOLS 🖤**
YNAB (I literally can't live without this budgeting app, so obsessed)
www.youneedabudget.com/?ref=Y...
Wise (like Venmo but for international currencies - I use this app a LOT for my life in Mexico)
wise.prf.hn/l/413jE0q
High-Yield Savings Accounts (don't settle for 0% when you can get 3%+ on your savings)
www.bankrate.com/landing/rose...
Ledger Nano S (crypto storage hardware wallet, because "Not Your Keys, Not Your Crypto"!):
amzn.to/3Ne37jy
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DISCLAIMERS & DISCLOSURES ❤
This content is for education and entertainment purposes only. Rose does not provide tax or investment advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors. Past performance is not indicative of future results. All investing involves risk, including the possible loss of principal.
This description contains affiliate links that allow you to find the items mentioned in this video and support the channel at no cost to you. Investing With Rose is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to www.amazon.com. Thank you for your support!
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@itsrosehan is my social media handle on all platforms. I will NEVER message or email you about investment schemes, so please be careful and block & report any scammers posing as me.
SAY HI ON SOCIAL! 👋🏼
Website: www.rosehan.com
Instagram: / itsrosehan
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Facebook: / itsrosehan
This channel inspires me. As a mid 30s woman who has recently managed to wiggle out of poverty, I'm keen to see how to live my life now instead of being on survival mode.
I can literally listen to you talk all day. Educational, down to earth and really really practical.
☺️☺️❤️❤️
10:00 YES! Please! I would love to hear more about your business finances! I just started my side business not tooo long ago and need more examples/inspiration on how to manage it. Please talk more about your business finances!
ooh ok, will work that into money diaries from now on! seems like a lot of people here are expressing the same interest :)
Hello Miss Rose excellent content and what I like about it, your young and have a good educational background that will help you for life. Many young people are not thinking about their financial education. My wife and I are still working in our 60,s (ugh) good news? No debt home paid for no credit card debt pensions and 50grand emergency fund bad news is our retirement is only $100,000 any insight on how to be more aggressive in our retirement? Thank you so very much love the content blessings to you. One more thing we do have other streams of income we are both authors and have written 4 books between us
Great video, Managing a $100K a month income sounds both exciting and challenging. Especially when considering investments and planning for retirement.
With such a substantial income, diversifying investments becomes even more crucial to protect and grow wealth. Which can help mitigate risks and ensure long-term financial stability.
Absolutely, maintaining a diversified portfolio is key, especially in today's volatile market
I've found that having a mix of investments in both my 401k plan and personal portfolio provides a balanced approach to retirement planning
Well, i had to seek the guidance of an advisory firm called Folmar Advisory
Thanks for the recommendation! I'll definitely look into Folmar Advisory Firm.
i personally love your transparency! there are many gurus who never dial down all the way, and for those of us not starting but continuing on the journey, this is so helpful! ty!
Rose, I was sitting here watching the video and thought to myself, "I wonder if she would ever consider writing a book", and lo and behold! I'm so happy for you! Your video content has been a big part of my own financial journey, and I'm happy to see the universe rewarding you. I'm certain that you will, but keep us in the know as to when it will be released. I can't wait to buy my own copy, as well as to gift it to others.
You never never never see these videos from high earners like you may be 100 or 200 K a year, but never 100 K a month thank you for doing this
That’s the real MVP right there making the 100K/mo. Even the UA-cam channel income per month is great! I like to learn more about the business finances.
lol yall are FOOLS money ain't even real@@GP-is2kd
Please do a business budget breakdown! As someone looking into starting their own business, that would be incredibly helpful.
Definitely want to hear about the business income! I also love YNAB but I have to use a spreadsheet to plan my annual budget and then use YNAB to track the expenses since it syncs w my bank.
For all the haters, if you don’t want to see it then don’t watch. For many of us we find it inspirational to see where you can get to. If that’s not your thing then search low income budget or other creators who are in a similar financial place as you. No one forced you to watch. I’m definitely struggling trying to save for a house in this economy and it sucks but I’m not leaving hate comments on someone when it’s not their fault. Call/write your elected officials so your complaints about the economy might actually do something.
Man I just love a woman who's serious about her money, making it, spending it and saving/investing it!! Amazing! Can't believe I only started to learn this way of life six months ago !!🥺🙈 But anyways, it's been fun! 😃
Great video, as always Rose! ❤
I would LOVE. video on business finances
Ok! Might find a way to either make that a separate video or to work that into Money diaries… 😊
Welcome back Rose. Glad to see another video.
You really have come a long way. Congrats on the book.
Love your videos, Rose! Thanks so much. And, yes, would love to see more videos on business finances. Finding a good tax accountant, health care when you’re independently employed, what’s realistic for business expenses versus income. So many topics!
Rose is so creative her videos teach me so much. Rose taught me the basics of choosing mutual funds. I always look forward to her videos.
Yes, Id love to hear about your business finances. Congrats on the book deal! I share your videos with my 20 something children - I hope they watch them and can learn all these strategies while they're young and single. Thanks for all your content, I've learned so much from you!
Congrats on the book deal! I love your content and would like to hear more about your business finances!
Yes, would love to hear about business finances. This is good info! Thanks for taking the time and share with us.
Coming soon!
And yes would love to hear about your business finances! Congrats on the book deal too! 🎉
On suggestion to smooth your monthly expense is to build-in known annual expenses, like the healthcare you mentioned you pay in January. I would also establish a bucket for your rental maintenance that you can again collect monthly. Put all these into a HYS or 9month CD where you can continue to earn against the principle. I use this approach for my retirement expenses where I include monthly allocations for travel, life events like weddings, graduation gifts, etc as well as future significant expenses like roof replacements, car replacements, etc. This allows my nest egg to continue to grow smoothly without unexpected withdrawals and keeps my expenses smooth with occasional bumps when costs are more, but nothing dramatic and often I have extra that I can push back into other short-term investment vehicles.
Thank you, Rose! Your content is so appreciated.
Grats in the book Rose, looking forward to it. Your videos are so motivating!! Thanks for the openness and inspiration when u share your life with us.
L💕ve and Blessings 🙏🏿
Yes! I would love to hear more about your business finances!!
Yes to hearing about business finances !!
More Rose please 🙏🏽🙂Congratulations on the book deal! Thank you for sharing
More to come! :)
Another great video Rose!! I started watching this in the airport without earphones, CC on, no glasses, squinting at my phone screen...transfixed!!! I definitely appreciate the clarity and openness. I wish I could relate more to you and your stage in the crossover but I still got a lot of value from this. Thanks and keep it up!❤
Yay! Good to see your videos again ❤. Ive downloaded YNAB and this week I’m going to set it all up. Time to start budgeting 👍
Welcome back, you were missed! Hope all is well health-wise for you now. Yes please, more on business finances, and you didn’t ask, but can we have more videos on your Chase travel points methodology for best redemption techniques?
SO HELPFUL! Your content is always so helpful. I got into YNAB last year bc of your recommendation and it has been extremely beneficial! This update has been really useful too. Great ideas and inspo! Hope you get that reno sorted and rented out ASAP! Looking forward to more.
thank you for discussing your finances with us :) it is refreshing to hear
you're welcome, that's what this money diaries is for!
Would love to have more videos on your business expenses and how you manage them, thanks!
Great video! This was very informative. Thank you for sharing ❤
Oh yes Definitely share with us your Business Finances. you're so transparent and encouraging and I'm learning a lot
Yes, would love to hear about your business expenses/budget etc. Also wondering if you created your courses yourself, or hired someone to do it? 30K in a month of sales is freaking awesome! So is your up and coming book :)
created them myself, but had some help with the video editing! in the beginning it can be very scrappy and DIY, and that's ok! and thank youuu very excited, been busy writing the book it's a lot of work!
This is the third video I have watched on your channel and this is the best in my opinion (so far). In addition, you have both smarts and beauty. Ready to learn more.
Love your content!
Thank you for sharing your knowledge & experiences.
You're a true inspiration
great video! I love how you're STILL sharing this info even when you are successfully financially!
Let's talk about business expenses as well! Thanks Rose!!
Will do :))
congratulations on your book deal! i look forward to reading it in the future :) i really love how clear and fun you make these scary topics! i also really love your speaking voice - you're super concise but also warm when you talk. i usually fast forward a lot of youtube videos but i watched the whole thing. you really inspire me and thank you so much for sharing your journey. i connect so much more to topics when they become personal and it's really refreshing that you are sharing yours so openly. also that color blue looks amazing on you!
also - if you ever need an idea for a new video, i would love to hear your thoughts and perspectives about dealing with confrontation. i really resonate with you when you say that you used to hate looking at your finances and i'm getting better at this and learning to welcome taking care of my money, but it feels so confrontational sometimes. same thing with business. i struggle so much with confrontation - can you talk about the personal transformation you've gone through to be able to handle it better? i imagine with your business and rental properties and everything you do you have to deal with a lot of confrontation (good and bad). i love your videos! keep being yourself :)
Hi Rose - I would love to learn more about business income and how you started your business. Great video as always ❤
Love your channel. I’d love to hear about your business finances as well. I think a healthy blend of those topics is absolutely useful.
Personal finances is something that everyone deals with but as entrepreneurs business finances can be extremely insightfu.
I found your channel and felt so inspired! Thank you! I am an entrepreneur and would love to learn more about your Business Finances as I am still learning so much!
I love your short hair on you Rose! And I love your videos so much. I’ve been following you for years! I hate that you don’t get to post weekly but happy to see something posted 😊
I love this idea! Of all the videos and school I've never heard of it that way. Cool 😊
I can't wait for your book!! also, I would love to hear about both personal and business expenses. glad to see you are back!
Thank you!! The book is a labor of love for sure… excited for you to read it! 😁
What a great video! And as a starter I would love to hear about your business finances as well. 🌻
zero based budgeting! i love, love this strategy!
Glad you are back! I miss you. Can you please do a video on your Disability Insurance Policy? How to shop, What to look out for and etc...?
I really appreciate this transparency and the resources on your channel. It is helping me learn how to be more intentional about reaching my financial goals instead of living life on autopilot.
Your videos are fabulous and really informative - no bs! Thank you! I would love to know how you are and will manage your business expenses!
I am excited about your book! I enjoy watching your content and reading your weekly emails!
Yay! Thank you! I'm so excited about this book too 😭 having so much fun writing it!!! :D
Hi Rose, Would love to learn more about business finance, please make a video on that. Thank you.
Awesome to hear you have a book deal! Obviously I fell for the clickbait title, but glad all is going well. What is the average revenue and expenses you have for your business though? I think it is good to separate business and personal finance obviously, but it sounds like you are able to pay yourself monthly and have bonuses, so it is quite valid for your personal finance too. It would probably be good for your audience to understand what your 2023 business revenue & expenses & resulting profit were (rounded to not be too personal maybe) and how much you were able to draw from that personally.
People who don't run businesses or don't own rental properties don't understand how much of that revenue/rental income goes towards keeping the business/properties running. Having investment properties are great for us, but we have to set aside a lot of the rental profit (after paying mortgage, taxes, etc.) for a rainy day fund in case the home needs maintenance, repairs or improvements. Not saying we are hurting and not able to pocket a fine %, but people generally mistake how small of a % it actually is.
Edit: Also, congrats on your investment income surpassing your personal expenses in some months. What's crazy is my mortgage is as high as your monthly expenses in many months. Not to mention the sports for the kids and monthly stock buys haha. Income is always a great way to generate wealth while still covering your expenses.
Yes pls to future videos on your Business Income and expenses ! 😊
Thanks for the information! Your hair looks really nice like that.
You are awesome. So honest and transparent. That’s really not easy to do. It really shows your character! Love your channel!
I try... Thank you so much!
Rose you look great. I love your new haircut❤!!! Absolutely would love to hear more about your business and everything that you can share with us
So excited!!! I’ve been waiting for you to upload!!!
thank you ☺️☺️☺️ missed you guys too!
You are an inspiration 🙌🏻 can’t wait for the book🤩 took your course in 2021 and now I invest every paycheck. Love my index funds. Set up an account for my mom and my baby nephew. Also have taught several coworkers things I’ve learned from you and other resources.
Of course teach us business finances as well!! Thanks Rose!
Yes i want to hear more about your business finances!
I would love to hear about the business finances as well. Thank you for this content, I appreciate your authenticity and vulnerability, and overall telling the truth :D
You got it!
Can't learn enough from you. Yes, to a look into business finances.
you got it :)
Vid suggestion: Track earnings from the book against hours spent writing, editing, and rewriting, then rank against your other money-making activities from least to greatest hourly.
You're back! We missed you! Hope you're doing so good!
Thank youuu I missed you guys too!! I've been overall very busy but really great!
I have learned so much from Rose over the years - highly recommend her!
Yes, please! It would be great if you also disclosed your business finances :)
Love these break downs! It’s inspiring to see how you think through investments. I’m curious where you get most of your course sales from? I don’t hear you talk about them much here (or maybe I’ve just missed those videos). I’m looking for ways to sell my course outside of social media.
Generous of you to share your monthly budget! 🙏
❤ endlessly grateful for your inspiration and transparency.
Love your new hair style! Would love to hear more about your business finances too!
Yes, I’d like to see your personal as well as your business income.
Thanks to you Rose! I finally opened a brokerage account today. I was so afraid to invest since I do not understand how. I have so much money in my savings but don’t know how to have that money earn for me. Your channel helped me to take my first step in investing! I’m still super nervous but your step by step investing video helps. I like the visual aspect of it. Which stock to pick and the ultimate index fund cheat sheet was so helpful!
You’ve really done well from when I first saw your Index Funds video 4 years ago.
Yes I wanna see your business finances! So interesting.
Yes, I would like to see your business breakdown too.
Glad you are back🙂 I miss you. Can you please do a video on your Business? (how to set one up, where to open one at, and etc...)
yessss that is a very requested video idea, will work on that!
Awesome video again. One thing I like to do is look monthly like you are doing but then see at a quarterly level also to help normalize.
Good point!
Agree! Budgeting is freedom😁 Congrats on all your success this far.
Thank you Rose for inspiring us female and for your expertise. You are also very good at making a non clumpy matcha latte. 👍🏽🥰
I would loveee to dive into how you manage your business fund.
No victim olympics! I remember celebrating making 50 cents/year in dividends. Now I kick myself if I don't pull over $4k/week in dividends. The new goal is $8k and to start options! Let's go!!!
How where you able to achieve this in a short period? I will appreciate if I could get some tips please
her transformative power of trading is remarkable. Despite being a medical doctor by profession, l've found that copy trading generates higher income for me without the need for direct involvement in trading activities
Ms. Rachel Pedersen, holds the credit of being crucial about the mrkt and also a knowledgeable brooker to be proud of.
Scam alert! 🚨
Wow Sounds great. Do you think it's a good
time to consider selling some crypto, or is better to hold onto them for the long term? I'm considering Rebalancing my $600k portfolio, so I'm curious about the best strategies for potential market downturn
I would love to hear more about your business finances!
I would really love to learn more about your business finances! Please make a video!
Glad to see this video, I love to hear more.
Glad you are back miss you. Can you please do a follow up video on your rental in Las Vegas?
I will!! it's just been really slow.. construction is happening and will do an update when it's finished!
Would love to hear about how you budget and pay yourself w/business expenses
Would love to hear about budgeting finances
great stuff rose
keep up the great work!
You convinced me Phukit I dont need another handbag either. LMAO
😂
Glad to see this series come back!
Yes. Business finance would be great!
You got it!
Great content and I appreciate the presentation. The 4% withdrawal rate for retirement accounts is designed for people between the ages of 62 and 65 who expect their retirement portfolio to last 30 years. That 4% withdrawal rate helps to ensure that a retirement account can last 30 years and I believe you are counting on your retirement portfolio to last more than 30 years. If you withdraw 4% per year from your retirement account, you only have a 36% chance of it lasting 50 years according to research done by Vanguard. You would need a withdrawal rate of closer to 2.6% per year in order for your retirement account to last 50 years. Just something to consider and for your viewers to understand. Thanks Rose.
Hope the rental property is back in tiptop shape and welcome back! 💪🏾
the property is getting there! taking over a year at this point...
As a person starting out to document my own financial journey, I discovered your UA-cam channel and am very inspired by you. Thank you for your videos! I would love to hear more about your business income. I am searching for more streams of passive income for myself, and would like to know, if you don't mind elaborating, whether your Course Sales are a form of passive or non-passive income. Thank you Rose.
I definitely agree with letting stuff sit in your cart for 24-48 hours to see if you really need it.....very smart.
Great advices and brave travel alone!❤
Love the money, diaries, but would also love something similar for your business money diaries.
Looking good Rose. Love the new haircut. ❤
Wow Miss Rose this is the best one I've heard you talk about before I didn't know you did this on a regular basis I love it and WOW I take my hats off to you you are my financial hero 🎉😅😅😅
Love your sharing. I am inspired.