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5 Reasons Wealthy People Are Living Paycheck to Paycheck

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  • Опубліковано 30 чер 2024
  • 💵 Start your free budget today. Download the EveryDollar app! ter.li/8ccbz9
    Do you ever wonder why some high earners seem to live paycheck to paycheck? It's a classic case of lifestyle creep! Join me as I explore this pattern and break down five reasons why even wealthy people struggle to save.
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КОМЕНТАРІ • 129

  • @Danieljoe-ui2je
    @Danieljoe-ui2je Місяць тому +41

    Your explanations is the best! The content is great but there are others with great content. The way you speak your script is what makes your content stand out. I try to follow the other guys who read out loud and it's so hard to pay attention to a monologue but you speak to the audience and that is what makes listening to you fun and interesting. Thank you for your work!

    • @Anabel-xt4vf
      @Anabel-xt4vf Місяць тому +1

      We're all getting hit over the head with these prices, the good thing is being in a position to pay these prices. I feel really bad for those who are not in the position to pay for their

    • @lawismusk
      @lawismusk Місяць тому

      Exactly, things are getting worse these days, multiple streams of income is a backup
      strategy of success

    • @AndrewJesse-se8nn
      @AndrewJesse-se8nn Місяць тому

      Everyone needs a different stream of income, such as where one can invest some part of his or her monthly earnings

    • @MercedesNina-op2rf
      @MercedesNina-op2rf Місяць тому

      well as you know bigger risk, bigger results, but such impeccable high-value trades are often carried out by pros.

    • @SamuelJoshua-iz8im
      @SamuelJoshua-iz8im Місяць тому

      this is definitely considerable! think you could suggest any professional/advisors i can get on the contact with? i'm in dire need of proper portfolio allocation

  • @freedomring3022
    @freedomring3022 Місяць тому +19

    I just recently got a 4% raise. I immediately increase my 401(k) contribution to equal the raise amount. I'll never miss that extra money and the current rate I am bringing home post taxes is more than enough for me.

  • @JenniferFernandez-72
    @JenniferFernandez-72 Місяць тому +34

    After so much struggles I now own a new house and my family is happy once again everything is finally falling into place!!🇺🇲🇺🇲

    • @user-lb8ce1uv6w
      @user-lb8ce1uv6w Місяць тому

      I'm 37 and have been looking for
      ways to be successful, please
      how??

    • @BlessingJohn-pv7hn
      @BlessingJohn-pv7hn Місяць тому

      In times like this you need a good
      expert like Rita Orlando to help you get through.

    • @LeoIllin-ne8yd
      @LeoIllin-ne8yd Місяць тому

      😱Sounds familiar, I have heard
      her name on several occasions..
      and both her success stories in
      the wall Street journal!

    • @DavidZack-ep7ss
      @DavidZack-ep7ss Місяць тому

      Trading without professional
      guide....Huh I laugh you, because
      you will remain where you are or
      even make huge losses that will
      stop you from trading, this has
      been one of the biggest problem to
      new traders

    • @Nicola380
      @Nicola380 Місяць тому

      Ok, I'd love connect Rita Orlando, how do I do that please??

  • @msxeunybunxy
    @msxeunybunxy 26 днів тому +4

    I work full-time in a school, but I'm also off during the summertime. I decided to take off this summer, and I'm living off my savings. Times of no employment can also make you feel like you're living pay check to pay check.

  • @kaitlync.2628
    @kaitlync.2628 Місяць тому +24

    Rachel I love your haircut! That looks great on you!

  • @yukitamanuel7249
    @yukitamanuel7249 Місяць тому +8

    We are not where we need to be but we have grown something serious. Each bill we pay off we celebrate and keep going ❤

  • @renegomez6679
    @renegomez6679 Місяць тому +18

    You start making better money you want a better car and better house and just like that you are living paycheck to paycheck.

    • @michael7054
      @michael7054 Місяць тому +2

      Better vacations too. Like to other countries rather than someplace in Ohio if you already live in Ohio for example.

  • @RichardTouchfaith
    @RichardTouchfaith Місяць тому +3

    We bought a small house in a high end neighborhood in our 20's.
    We took Ramsey's advice and bought an even smaller house in a low end neighborhood.
    Thanks Dave.

  • @pnwflipper2089
    @pnwflipper2089 Місяць тому +5

    Thank you for turning the music down! I love that I can hear Rachel speak!

  • @MR3DDev
    @MR3DDev Місяць тому +11

    I cannot fathom the mindset to make over 100k and live paycheck to paycheck. I live debt free and only make 70k a year, and yes I have a house and a 2024 car paid for.

  • @brendasmith4220
    @brendasmith4220 Місяць тому +3

    we only make 50k a year still baught a car and saved over 15k this year no excuse

  • @carmenbergen6366
    @carmenbergen6366 Місяць тому +8

    love your hair! looks fantastic!

  • @laurenstevens2540
    @laurenstevens2540 Місяць тому +6

    Love the short hair!! So thick and pretty. ❤

  • @kathrynp7595
    @kathrynp7595 Місяць тому +4

    Wow, your haircut is beautiful 🌺

  • @datorres3
    @datorres3 Місяць тому +1

    Love the new rebranding of your thumbnails 👌🏽

  • @kortfreedrish6710
    @kortfreedrish6710 Місяць тому +1

    I connect with “increased expectations”!!!! That’s the big one for my family. I remember when my kids were little and my wife and I both worked. Our combined monthly budged was 5,000 just 6yrs ago. Today I am the sole provider now with approximately 15,000 a month to budget, but now it’s a new house, private school, gymnastics… Cars haven’t changed (we look like the clampetts of the neighborhood lol), house is on a 15yr mortgage with a higher interest rate than I wanted to spend. Saying no every other day to your kids that constantly ask if they can do what X family in the neighborhood is doing is hard… We have the margin but don’t want to waste everything just to keep up with the Jones… We are not pay check to pay check but I understand how someone with a 400k income can end up there.

  • @monicageller226
    @monicageller226 Місяць тому +2

    Loving the new look Rachel! Thanks for the video

  • @fashionistajana
    @fashionistajana Місяць тому +3

    Love your haircut!!!

  • @meryrodas4019
    @meryrodas4019 Місяць тому +3

    You look nice with your new hair cut

  • @rachelbagnard
    @rachelbagnard Місяць тому +1

    I LOVE YOUR HAIR CUT! Soooo cute!!

  • @SAreamusic1
    @SAreamusic1 Місяць тому +4

    Rachel: let’s talk about 400k is paycheck to paycheck
    Everyone else: love the hair! (Looks so cute) 🥰

  • @LeonardAnders
    @LeonardAnders Місяць тому +8

    Our congress has no idea how we Americans are feeling, we individuals are fed up with this treasonous administration. I feel for people with disabilities for not getting the help they deserve... Thank you Lillie Tamara.. imagine i invested $4,000 and received $6,550 in 4days.

    • @LudacrisWilliams
      @LudacrisWilliams Місяць тому +1

      I'm surprised you also trade with Lillie Tamara, she's the best at what she does. At first I was afraid too before I gave it a try and realized fear kills dreams more than

    • @DybalaSony
      @DybalaSony Місяць тому +1

      HOW DO I GET ON THIS?????🙏

    • @LudacrisWilliams
      @LudacrisWilliams Місяць тому +1

      SHE'S MOSTLY ON TELEGRAMS APPS WITH THE BELOW NAME

    • @LudacrisWilliams
      @LudacrisWilliams Місяць тому +2

      ExpertTamara
      That's her username

    • @AmariReign
      @AmariReign Місяць тому +1

      Yeah things are getting worse these days, multiple streams of income is a backup strategy of success

  • @Deenocon
    @Deenocon Місяць тому +3

    Love the hair Rachel!

  • @hollybingeman2290
    @hollybingeman2290 Місяць тому +2

    Love your haircut

  • @jwarnstarsmile
    @jwarnstarsmile Місяць тому +1

    You're glowing, Rachel ❤

  • @juanrijo571
    @juanrijo571 Місяць тому +6

    That Haircut ❤

  • @gretteltriana9075
    @gretteltriana9075 Місяць тому +2

    Love you hair short!! 😊

  • @stevenporter863
    @stevenporter863 Місяць тому +1

    2:00
    Inflation: Rachel is right there with you. Along with her tan from her long vacation and new haircut. 😂

  • @claytontramel9554
    @claytontramel9554 Місяць тому +2

    digging the hair!

  • @xlerb2286
    @xlerb2286 Місяць тому +3

    Many decades ago I started my first professional job at $31K a year. That was so-so money back then. 7 years later and a couple unplanned job changes I was making a little over $100K. Salary didn't continue to go up at that rate but it went up pretty good. We still live a lot like we did in those $31K days. We drive better cars (10 year old Subarus rather than a 20 year old Renault) and we bought a larger house ($200K rather than the $89K first house). We're lucky that physical things and keeping up with the Joneses just doesn't mean much to us. I just retired a couple years earlier than I'd planned. We wouldn't have been able to do that if we'd led a paycheck-to-paycheck lifestyle. Instead we'd have bills and a bunch of junk that's depreciated to nothing.

  • @trishashaffer8278
    @trishashaffer8278 7 днів тому

    Where do I find the call?! I want to hear it!

  • @kylieschrag8930
    @kylieschrag8930 Місяць тому

    Love you Rach ! 💓🙏

  • @NewGuy2024
    @NewGuy2024 Місяць тому +2

    My wife and I gradually made more money as we age.
    Though as we age it seems we desire less "stuff" than before...
    We ridiculously spend a lot less now in our late 40's as empty nesters...

  • @JONBONJOVI-hz5vl
    @JONBONJOVI-hz5vl Місяць тому +3

    Nice video Rachel. I'm favoured, $27K every week! I can now give back to the locals in my community and also support God's work and the church. God bless America.

    • @gdudhdu
      @gdudhdu Місяць тому

      As a beginner what do I need to do? How can I invest, on which platform? If you know any please share.

    • @JONBONJOVI-hz5vl
      @JONBONJOVI-hz5vl Місяць тому

      It's Mrs Sonia Duke of course

    • @JONBONJOVI-hz5vl
      @JONBONJOVI-hz5vl Місяць тому

      She is the best you can ever come across

  • @joeriveracomedy
    @joeriveracomedy Місяць тому

    My emergency fund is stuck in an sf credit union that went down yesterday. I am investing it if I get it back.

  • @mikekujawagvsu
    @mikekujawagvsu Місяць тому

    Great video, you have to manage your situation and make tough adult choices. I dislike the new haircut though.

  • @lorisnyder89
    @lorisnyder89 Місяць тому +1

    Love your videos. I'd like my young adult sons to watch these. On a separate topic, your hair looked pretty before, but this haircut is adorable!

  • @ivelissejimenez2344
    @ivelissejimenez2344 Місяць тому +1

    I try but something always gets in the way. Like fixing the car or the house needs a new repipe or a new roof.

  • @brianhall2525
    @brianhall2525 Місяць тому

    Hedonic Treadmill is what's going on with a lot of people.

  • @reneeantwi-boasiako3974
    @reneeantwi-boasiako3974 Місяць тому

    Love the new thumbnail ❤

  • @comeconcon569
    @comeconcon569 Місяць тому

    I'm living from hand to mouth.

  • @RebeccaKeepper.eXpRealtor417
    @RebeccaKeepper.eXpRealtor417 Місяць тому +1

    Rachel your hair, always pretty, but I like the long hair best

  • @mhodge0890
    @mhodge0890 Місяць тому +1

    Be careful with wealthy people their the type that would say they’re living paycheck to paycheck but would invest 20% in their retirement. Not everyone can invest that much.

  • @dbmail545
    @dbmail545 Місяць тому +1

    $400K and he can't save? Sounds like a Darwin Award about to be earned.

  • @sophialeblanc
    @sophialeblanc Місяць тому +1

    Love the hair girl! Now, someone put some color on her lips ❤❤❤

  • @LilyHowardddd
    @LilyHowardddd Місяць тому +18

    Hallelujah!!! I’m blessed and favored with $60,000 every week! Now I can afford anything and support the work of God and the church. For Your glory, LORD! HALLELUJAH!

    • @JenniferLyn1919
      @JenniferLyn1919 Місяць тому

      Oh really? Tell me more! Always interested in hearing stories of successes.

    • @LilyHowardddd
      @LilyHowardddd Місяць тому

      This is what Ana Graciela Blackwelder does, she has changed my life.

    • @LilyHowardddd
      @LilyHowardddd Місяць тому

      After raising up to 60k trading with her, I bought a new house and car here in the US and also paid for my son’s (Oscar) surgery. Glory to God.shalom.

    • @Rev.JustinPatterson
      @Rev.JustinPatterson Місяць тому

      I know Ana Graciela Blackwelder, and I have also had success...

    • @Rev.JustinPatterson
      @Rev.JustinPatterson Місяць тому

      Absolutely! I have heard stories of people who started with little or no knowledge but managed to emerge victorious thanks to Ana Graciela Blackwelder.

  • @kristenxmarie00
    @kristenxmarie00 Місяць тому +7

    I was a stay at Home mom with no money in my IRA or any savings of my own, which was scary at 53 years of age. Three years ago I got a part time job and save everything I make. After 3 years, I am 56 yo and have put $9,000 in an IRA and $40,000 in my portfolio with CFA, Evelyn Infurna. Since the goal of getting a job was to invest for retirement and NOT up my lifestyle, I was able to scale this quickly to $150,000. If I can do this in a year, anyone can.

    • @jeffbox1torres
      @jeffbox1torres Місяць тому

      I went from no money to lnvest with to busting my A** off on Uber eats for four months to raise about $20k to start trading with Evelyn Infurna. I am at $128k right now and LOVING that you have to bring this up here

    • @DannielleRosales
      @DannielleRosales Місяць тому

      This is interesting. I heard a lot about the same person not long ago, please how can I contact her?

    • @kristenxmarie00
      @kristenxmarie00 Місяць тому

      Well the name is 'Evelyn Infurna'. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.

    • @DannielleRosales
      @DannielleRosales Місяць тому

      I searched for her complete name on the internet and located her page. I then sent an email and scheduled a meeting to converse with her; now, I'm awaiting her response

    • @BestoFornitero
      @BestoFornitero Місяць тому

      Been debt free for two years thanks to Evelyn Infurna Services. So sad to see my friends in their 40s with car loans, mortgages and credit card debt.

  • @jmoser
    @jmoser Місяць тому +1

    Love your haircut!!