7 Purchases that Improved my Financial Life | How I Spend My Money to be Happy
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- Опубліковано 6 чер 2024
- We all know we need to save money to improve our financial lives for a better future. But if I tell you that in order to improve my financial life and to be happy, I spend money on specific purchases that give me a positive ROI or return on investment.
I like to be intentional with how I spend my money. It would usually fall into the following 4 buckets of reason: wealth, health, relationships, and something that simply makes me happy.
Today I go over 7 areas of purchases I like to make on an ongoing basis to maximize the value of my money and help me lead a better life.
00:00 Intro & My 4 Criteria
00:44 Evoking Creativity & Productivity
01:48 Shared Memories & Experiences
02:28 Potential to Create Income
03:41 Outsourcing Your Weaknesses
04:55 Tools/Apps that Make Good Habits Easy
06:47 Where You Spend Most of Your Time
07:46 Physical & Mental Health
Disclaimer: Note this video is not financial nor accounting/tax advice and should be used for entertainment purposes only. Consult with your own financial advisor, accountant and/or tax advisor for advice related to your specific situation.
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WHO AM I:
Gabrielle is a CPA and Tax Expert, as well as the founder of Balance + Wealth CPA, a licensed CPA firm that specializes in Tax. Prior to starting her business, Gabrielle worked as a Tax Manager at one of the Big 4 Accounting Firms for 7+ years, advising Fortune 500 companies. Gabrielle posts weekly videos on personal finance, business finance, and tax tips.
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I completely agree on investing in physical & mental health! You've got to give everything you need to be strong physically and mentally. If you achieved the greatest thing in the world and have everything you want but don't have health, you did it all wrong :)
Totally agree with your comments about coffee ☕ spending 😅
Bought a new car, paid it off in 26 months. Now investing as much as I can. And probably food and my dog.
You give your dog an allowance?
Thank you Gabrielle, grest advice Sis!
Great Advice! I love all 7. I will start to invest in these areas. After looking at my budget all my money is spent on eating out.
I’m considering investing in ear cleaning equipment from Amazon. It will improve my health and improve my hearing. Improving my hearing will help me better hear excellent advice that will increase my wealth.
What?
hi sis, incredible. ur are our Warren Buffet
Nice.knowlegeable video.
Great advice thank you, but what if what I like is expensive cars 😅
Make it 8…spending time with cute Gabrielle.😊
Does creating a youtube channel for your hobby make your expenses 100% tax deductible? I heard about this somewhere too. I.e. for gadgets, making a tech review channel
You are the GOAT
No, not unless you have an LLC founded and UA-cam listed as the business
Kindly suggesting you to make your video length at least 10 minutes. Pro tip tested by analysts.
I like to invest in an accountant. So that the government takes less than 70% of my income.
😉
unfortunately i spend on to much weed.
First! 🥇🏆
I disagree over coffee shops. You see, if you are a coffee aficionado, most coffee in a coffee shop taste almost the same, unless you are pro at understanding different flavor profiles. Change of scenery sure, but I disagree that you have to go to a coffee shop to be more productive, I think it's an excuse rather. Instead I brought coffee shop vibe to my home, purchased a small hand grinder and that's it, no more spending $15 to $20 bucks for a coffee or even more. You can go into flow state to work, like Naval Ravikant says, live below your means... to attain financial freedom.
I get what you're saying. I'd say though to give her room to evolve around it - she may go to just staying at home later on too but that is best to happen if it's all coming from her own realization and in her own time. The important thing I think is that she got productive continuously all along the way and felt good doing it as well. It is not a one size fits all kind of world and at times we have to do what works for each of us. The theme of her thoughts here is about having a return on investments and she's achieving it when her creative juices are developing well and "on her" case (meaning not you or someone else, please pardon my saying so) location seems to do the trick. Some go to India and later form a successful company or a better inspired music group.
@leob4645 i agree!
to each their own~ though, mind you, i probably go to the coffee shop once or twice a week as a treat!
I double my productivity by heading out to a coffee shop! Not everyone lives in homes that are pleasant or conducive to the flow state - so please don’t think you know everyone’s situation and can advise what’s best.