Money Saving Tips || How To Save Money (Best Strategy)
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- Опубліковано 15 чер 2024
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In this video, I will share the method that I used to save nearly $12,000 in the past 6 months.
To save money effectively, it's essential to have a thorough plan.
This is MY personal experience.
The variation in income and financial responsibilities among people will impact one's ability to save a given percentage of their income.
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I am not a financial advisor. The ideas presented in this video are for entertainment purposes only. You (and only you) are responsible for the financial decisions that you make.
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The MOST EFFECTIVE money-saving strategy for myself was to set up automatic withdrawals from my primary bank account to various savings and investment accounts at a set rate of 30% of my total income. I found it best to schedule automatic withdrawals for the day income is posted to my primary bank account. I then proceed to live off of 70% of my income and disregard the 30% which was deposited into savings and investment accounts.
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Understanding personal finances and investing will most likely lead to greater financial independence. By being knowledgeable about money and investing, individuals can make informed decisions about how to save, spend, and invest their money.
Investing in the stock market has HISTORICALLY provided higher returns than other forms of investment. According to Morningstar, the average annual return for the S&P 500 index, which measures the performance of 500 large-cap stocks, was approximately 10% from 1926 to 2020.
@Zahair O'Brian There is this podcast i was listening to and it said something venturing within your tolerance and risk capacity, see you mention it again got to me. How can i reach this Financial Advisor you are working with?
12000 is a lot of money to me.
It's a lot to me too. I wasn't able to start saving effectively until I had a thorough process of automatic withdrawals. I appreciate the continued support you have given on this channel!
In America, that’s really just a necessity.
One medical emergency with a bed at a hospital can be around $15,000+. Gone in one emergency.
@@SmokeyRoseWolf America != USA, besides that earnings in the USA are ridiculous.
It's a lot for you? In my country you can't make $12,000 even in a year. Make not save. An average salary for highly educated people is somewhere around $500-$600 per month.
@@AndreiDante its $1 200 not $12 000, but its the same story about my country😕
I'm stuck between "I need to save money" and "You only live once." --Anonymous
Happy day people
Yeah you live only once. So make good choises and think about your future too
Yep
Lmao me 2
You only have one life - so make it count - for you and your posterity.
Hahahaha
Money saving tips:
Stop spending money.
Stop borrowing money.
Stay out of bars / nightclubs.
Stop trying to impress your friends.
Truth.
Stop stop stay stopped
True
Honestly these 4 make all the difference
*how to save money: become a minimalist. not only will this definitely reduce your expenses, but it will help you grow as a person and feel happier*
Much respect to that lifestyle!
thanx
Every Millionaire I meet and hang with tells me this same thing. Them they tell me to have my number.
@Lissett C. Good Luck ! :)
Agreed! I love my minimalist journey! Make you appreciate life and surround yourself with things that you love, not just things.
also clear your browser history regularly - so you dont get ads targeted at you based on your searches - and tempt you to buy...
tiarnan clear the cookies
Thats why i have alot of sex dolls ads
:0
Yeah thats the reason i need to clear my searches for 😳
Nice excuse for when your woman asks you why you don't have a browser history lol but it ain't fooling us haha
yes i need to do this
Broke up with my gf, saving 3k a month.
Eeshan not even a joke
Hunna Capata can relate Hahahah
Nice
Eeshan dang! Gf or a leech?
Eeshan
wrong lifestyle with that girl apparently. Good riddance.
1. Decide how much you need to save
2. Create a budget income and outflow
3. Creat secondary goals short term
4. Essential needs food, shelter, clothing, health, and transportation
5. Things you have to pay because it's "essential" to your wife.
@@jhutt8002 get rid of number 5 and I'll be rich
@@jhutt8002 - I'm the wife and also the saver in my relationship. I don't need extra things, but my husband loves his hobbies. And that's also part of enjoying life, so I support him while being the voice of reason.
@@kscott2655 My wife does save quite a lot, more than I actually.
When I buy groceries, what I need costs 1/4 of what she wants. I wouldn't really care to have weekend in hotel somewhere, or eat out pretty much ever, when I could just sit at home playing guitar and eat minced meat and potatoes, but it's important to her. I don't want to be a cheapskate, so I pay my part.
Of course double income does make living far cheaper in person, so I wasn't really that serious about it.
@@jhutt8002 - I eat like a toddler and never care about going out either. When I was in grade school, I took my own lunch which was the same thing every day for 4+ years. Food is really important to my husband, though. He cooks. He bakes. He loves all the finer things about food. So, I get it.
I saved 10k in 6months by moving back in with my momma
Update: guys whatever your living situation is it doesn't matter as long as you're happy and the people you share with are aswell. Wether your sharing with your parents, friends, strangers or live by yourself. I could easily live elsewhere but I choose to help my mom by assisting with house bills, maintaince, cleaning and cooking. I don't believe in sitting on your ass doing nothing while your parents do everything for you, no that's not right. It's just a bonus I get to save money.
I know alot of people are struggling financially right now and have no choice but to move back in with their parents house. that's okay!
I wish you all the best and hope we can get through this virus.
😂
I would actually die if I did that 😂 especially because I have a husband, 2 kids and a big dog and there’s barely room for the people that already live in the house to begin with 😬 I literally shared a room my whole life until I moved out at 19
How old are you?
Do you pay rent cause i know i had to.
@@leonsgaming8123 yeah but way less than living in the city by myself
If we hit 1,000 likes, I’ll drop 3 more videos this week!
Can you please shout my channel out. I know it’s a lot to ask but I do everything that videos say to do but nobody can find my channel. Thanks a lot!
Rudy Straight i subbed. If you don’t I will unsubscribe from you
@@alikolenovic6023 that's a horrible strategy.. try give give give and THEN ask
@@alikolenovic6023 How old r u??
All done Nate
I recently made more purchases. Saving money for a market downturn is likewise a bad idea. There are numerous ways to look at recessions and depressions, we cannot always expect to make large returns, and taking chances is better than doing nothing. The bottom line is that you will achieve remarkable results by diversifying your portfolio and making wise decisions. My portfolio's raw earnings rose by $608k in just 5 months.
Despite my confidence in your advice, my recent stock purchases, and the fact that I am an AMC shareholder, I haven't been able to accumulate anything. I had already been in the hole for too long prior to the downturn. What's the investing procedure?
@@AnnieBeischel I don't invest in a single fund because I have a range of jobs. I don't behave at all like that. My behaviour is modelled after that of Stacey Lee Decker, a seasoned financial advisor licenced by the Securities and Exchange Commission (SEC) of the United States. My returns have since climbed swiftly in contrast to the IRA's gradual development. What I have is only used by her trades; very few truly specialised companies.
You may look her up online and confirm her for yourself. She has extensive knowledge of the financial markets.
A great tip for food... reconsider the cost of the restaurants where your eating out. Ive stopped eating out on the weekends, instead I buy groceries and cook at home. Its been an overall more pleasant experience. I would get upset when I would go out pay high costs at restaurants and then got lousy service. Instead i cook on the weekends stay home eat in with my family and its great. I don’t deprive myself from going out... instead I go out to the movies with my kids and or for ice cream or a coffee instead... has worked very well for me
this, just cook at home hell you can eat really good for a fraction of restaurants cost. I get 4-5 ribeyes for $45 and a bag of chicken breast that’ll easily last me all week and you’re eating good.
consider these money saving tips: don't have kids. don't get married.
Definitely true but I'd rather have a wife and kids instead of a pile of cash
Nate O'Brien why not have both? Figure out how to get a pile of cash. Build assets and investments then have a family and kids..
😂 this is true
Dont drive.
Marrying is subjective, it depends on who you marry...but all kids are expensive.
Step 1: get the money so you can save
Islander 95
Woahhh
haha
? That doesn’t make any sense but ok
@@GoatedAimz bruh you seriously didn't get the joke ?
Lol
"12k is not alot" yes it is. And the fact that it's only 6 months. Dang.
Probably lives with his parents
@@seanfobbs96 living with parents still gets expensive bro. If you help out with the Bill's. Unless your parents are rich af. Then whoa lucky. But yaa still cost to live with parents.
its all mind set and perspective Cali
I can show you how to earn 12k a month...
id love to help in any way i can,
i have a really cool group of people we teach to make money.
are you open to connecting?
@@seanfobbs96 he doesnt lmao
Innit 🤧
The habit of saving is a great tool that has helped me build substantial passive income through investing and on my way to build wealth. All I can say is that nothing beats expertise in finance.
Hey Eleanor. I'm in a dark place with my finance and I need help. How did you do it
@@Willycheng590 Levi exceeded my expectations just two months into working with him as my fiduciary overseeing my investments. You can get across to him
Leviclemans(a)Gmai
Lcom...even with the commissions i'm still raking earnings.
@@McPhersonz It wasn't difficult to get through to him. You're kind.
That idea is applicable in all aspects of life.With experienced hands, you generally, get thing done more efficiently. Smart people know this already.
I saved 11 000$ in 3 months just watching videos like this! So helpful content. I cut back everything and was able to save that much. Invested all that and passive income is growing
That is awesome. Glad to hear that. Saving is the easiest way to get to 100 k net worth which is something I just made a video on
In what did you invest any tips
@@bryangaytan7136 Before you invest, it comes down to cutting down expenses significantly. Need to live very minimalist then just follow Dave Ramsay’s baby steps just to get started! It’s not about what to invest on, it’s lot more about cutting down expenses by more than half and discipline that over time.
I need to save that in 3 months also
What did you invest in
Health is super important. I didn't brush my teeth very well and spent 2000 dollars
benjamin lee my brother was the same now he’s 35 with 20 cavities and missing 4 teeth in his smile line😩 the dentist is sooo expensive
Bofl it’s so true both comments
😂😂😂😂
Doctors in Mexico are up to date and less expensive.
we live and we learn my friend :) lets make that 2k back!!
id love to help in any way i can,
i have a really cool group of people we teach to make money.
are you open to connecting?
Dude.. THANK YOU FOR THIS! YOU LITERALLY JUST GAVE ME AN EPIPHANY!!.. I didn't realize how much I was spending.. My check is usually estimated $900/910 a week & I did the math.. I found out if I take out 30% I would literally save $270 a week.. I only pay $300 a month for rent because I have 3 other roommates.. Wow I didn't even realize how much money I was wasting until I watched this👍🏼👍🏼
He seems younger than me... and smarter than me. Damn it.
lmaoooo
@@tabithaskyeealthar Laugh my as out out out out?
and?? don't beat yourself like that. He wasn't always smart. He had to learn
In his 20
I feel you Hannah 😭
I got my pay check at the end of February, I took home $4,000. I immediately saved $3,000 and put it in a separate bank account. I’m a very frugal person and I’m conservative. I have no debt and live at home with parents.
Focus + Discipline = Victory !
Tank The Pitbull What kind of work do you do?
zach123987 Electrical engineering is my profession.
Tank The Pitbull well that’s why lol.
So basically as an adult you are sponging off your parents.
bumpus room as long as he is still under 30 and not not leeching off of his parents. If he saves everything he earns no respectably parent would refuse to let their son live with them.
One of the biggest mistakes that have been making is saving all my money that have been making then I end up withdrawing all whenever need arises
Absolutely man, loved watching this as it affirms what I do every fortnight. That is how my Fiance and I have been able to save $20,000+ over the last 6 months!
Its nice to know that a millennial is helping other millennials. Great job!
Thanks! I try my best to provide value.
Even rich people have money issues but people below the work force will not as people below are learning while people who makes it fast aren't and spends their resources in the wrong way.
He’s gen z
I don't even make 12K a year
poppy rose I think I made 8k last year😂 to be fair though, I'm also a full time college student so work is on the side but yeah I can only dream of what it's like to save 12k in half a year 😂
Same
lol which means you're probably at your parents house. Save as much as you can now.
Sassanfar Productions it's true
Really?! What do you do ?
I like the simplicity. My biggest piece of advice would be to make sure you do more than setting goals, and actually do the actions toward those goals. Good Video!
Great tips Nate - what helped me tremendously was learning to distinguish my expenses between needs vs wants, with prioritizing needs first above all else
Yeah, very important point. I try to include this in all money-saving and budgeting videos I make.
I make approx 2400 every month (take home after taxes) and my expenses are approx 1300 every month. I should have 1100 approx free every month. I should have thousands saved but I don't. I gotta smarten up and be more self disciplined
You can do it. Set up some money aside to invest long term.
Good luck! It is possible. Save as much as u can and once u start seeing it grow, you’ll want to keep adding to it.
Daniel Cervi you can do it! I was in the same boat as you, I got my stuff together, did a budget and now save a lot more money. It makes me feel like I got a raise even though my income is the same as it was before I woke up. Tackle head on and enjoy yourself.
You single 🤣🤣🤣
Amen brother. Me to
I try my best to save about 90% of my income since I am only 16 years old and don't really need to be spending a lot! I try to invest into new business ventures and also stocks for the long term!
That's a perfect goal for a teenager.
The Financial Wolf just teach me please.inbox
Brilliant! Your parents are allowing to take advantage of the opportunity that their provision affords you, and you are making the most of it. Great job! They are raising a wise young man.
I don’t know how old you are, but I am 20 year old watching this video for the first time I can personally say, you have been very well raised and your wisdom is extremely outstanding. Thank you for sharing this with us, personally it helped a lot, to understand and have a clear understanding.
When I left foster care, I wasnt sure how I was gonna save enough money for rent. I'm lucky to have a roommate, and it saved me a lot of money splitting all of the utilities between us. Also, simply cooking at home and using less electricity really saved me big bucks. I encourage everyone in a similar boat here to take an opportunity like this to save, because you'll never know when something comes up.
Haha food is a depreciating asset. True and very funny😂 Limiting your budget for food can really help with waste.
Seriously! I love food but there's no sense in spending exorbitant amounts of money on something that holds no value
TruFinancials “help with waste” 😂😂😂💩
BM TravelWrite - Pun wasn't intended, but I'll take it haha 😂😂
@Laurent Nick Huor - Yes, intermittent fasting is a great way to help save. I only eat twice a day. Saves time and money.
So true! Especially Foote that you could make cheaper and healthier at home!
You'll find some of the coolest clothes at thrift stores. That's a fact
hahahahaha
YES YES & YES.....!!!!!!
I find that finding a balance between work and play is vital to budgeting as well. If all your going is working and saving - then you will feel like a cog in a machine. Making a monthly budget for fun things I found makes budgeting fun because you also reward yourself for doing so!
I love your tips. I share a lot of tips with my clients and even on my UA-cam channel about how to save money and I have never thought of unsubscribing to emails. That’s a good one.
Rice and beans all day everyday! And pasta!
That might be a bit extreme 🤭😂
Ramens Bro
Is rice and beans how you got so buff?
Rice and soyu sauce bro
@@rickybobby8673 if you're feeling fancy, you can even add sriracha!
Yes Nate , #1 set goals
#2. Pay yourself first & set up auto deposits into a Roth & a Savings, #3 limit eating out in restaurants BC that is like throwing $$ out of the window & into the fire!
I accidentally spent $50 at a sushi restaurant the other day. I left the place hungrier than I was when I walked in and it cost me more than my entire weekly grocery budget!
restaurants on occasion - fine, fast food joints, take out coffee and snacks, buying pizza or kebab on the corner more than once a week - a big waste and dangerous for the health in a long run. I always wondered why fast food joints aren't banned around schools and universities, where i live they thrive on poisoning kids!
that’s your opinion . eating in restaurants is great and i enjoy tasty food .
@@NateOBrien “Accidentally” 😂
Or down the toilet literally
Really appreciate your thoughts and the casual manner of talking about finances. Makes it easier to step by step change one's mindset around money. Respect for that!
I have one suggestion. When it comes to talking a bout health, I wish the "take care of your body" advice went always hand in hand with "take care of your mental wellbeing". It all intertwines, sure, but it is good to remember and remind that there is more to health than physical symptoms
I think it's brilliant how you are so young and have this fantastic mentality. You are on the right track to financial freedom.
Good video Nate! Like you I think one of the quickest ways to get on the path to saving money is to actually understand where all your money is going! Especially looking at recurring subscriptions...
Anyway, good to see you back mate. Hope you had an epic trip!
Thanks! Trip is far from over. Back in the U.S. for a couple weeks, then Europe and Asia
Step 1. move back home work double shifts and close amazon account
Conqwiztadore22 or just close amazon account lol
Facts! Amazon be Runnin me
I’m 22 and live with parents. I work 12-15 hours a 5-6 times a week. And I bought a car full cash so no loans.
I definitely have to stay away from amazon.
Step 2. Open Amazon seller's account
"LAZY"! That was it. Having food at home and still eating out every day of the week. One decision away from a proud savings account.
You told me mostly what I already knew, but it’s reassuring to know im on the right track and making the right moves
Saving is a lost skill, thank you for helping us
Certainly a lost skill. I don't know why they don't teach this in high school
@@NateOBrien at my school, we have accounting, but its just doing calculations on excel's spreadsheets.
They don’t teach it in high school because the goal is getting us into the debtfare system.
we need to make money, and money can be invested to have more money..
spend money to make money..
id love to help in any way i can,
i have a really cool group of people we teach to make money.
are you open to connecting?
@@NateOBrien
It's probably because they don't want us to be rich...who knows? I know I'm late.
I like that he included taking care of your body. I work in an endocrinology office where we see a lot of diabetic patients. Most of these patients have to be on two different types of insulin and one or two oral medications. The cost of insulin is insane ..we are talking thousands of dollars a month just on medications. Also supplies such as glucose meters, test strips , insulin pumps and the list just goes on and on. Take care of your body!
True. At least a third of my monthly budget goes to supplies for my type one diabetes 😒
This is so sad, in Scotland all our healthcare is free including prescriptions. I am a nurse and our standard of care isn't perfect but pretty frigging high. The NHS has longer waiting times etc but it really is a blessing. It really shocks me when I read about families going bankrupt after an illness or accident.
Hi! Teller at a credit union here. One super helpful service your bank might have is payroll allocation. If you have direct deposit set up you can allocate those funds to automatically be deposited into certain shares or onto certain loans.😊 Ask your bank about what they have to offer you!
Love your breakdown of everybody's basic costs
Thanks Nate!
A balance book is what I used to write down my purchases so I could keep track of how much I'm spending each week and I noticed making coffee at home instead of going to the coffee shops saved me a ton!
Love it, skipping a cup of coffee from a shop every week and just making it at home is a great way to save!
I can not believe videos as great and helpful as these are available free on UA-cam. Thank you so much 😃 👍
Free content is king
"Be good to your body" Love that. You're absolutely right
Thank you for sharing your tips with us. You've definitely inspired me to cut down and analyse where my money is going.
I think many people can truly benefit from this video! If you can't manage to follow multiple tips, try starting with just one. Good job Nate!
Thank you Polar Barb!
Become a minimalist. Practice fasting & prayer. Get a roommate or move in with family (pay for your keep!). Walk places. Prepare all your meals at home. Have hobbies that are fruitful and productive. Gardening, working out. Stop drinking alcohol.
I love it
Awsome
Thank you so much. Helped a lot! Writing a budget now. I’ve saved up 5000 in a few months, I can do it again.
I saved 10k when I was livinf with my mom at 18 years old. But once you move out its harder and moves slower
@@PowellLumor huh?
How has everything been for you ? I wanna move out on my own soon but just now by reading your comment now ima bit discouraged. Don’t mind me asking but has it gotten better to save money?
How long did it take you ? I’m saving for plastic surgery which is roughly 11k but I’m saving 20K just in case of extra charges etc
You are right dr ❤
@@ilyy_xo love you dr
Great tips! I was able to do this in 2018, but it wasn't easy. And now I've set my 2019 goal for 15% more.
congrats!
What an fantastic young man and great influencer for young people to look up to...well done ✅
Wow, just discovered your channel a couple days ago and haven't watched a ton of your videos, but what I've watched I like! Very helpful info and you explain things in such a down to earth way. I'm just starting to get serious about getting my personal finances in order and feel like I'm behind, but better late than ever I guess haha. Keep up the videos, thanks!
My diet is mostly beans, rice, potatoes and oatmeals. I don't like being in this tight budget but I have bigger goals so for the time being it works. I don't spend a lot on food, I plan on paying back my debt and investing in stocks.
Stumbled across this comment now two years later. Have you achieved your goals / how is it going for you? Geniounely curious :)
How’s it going for you? 3 years later??..
Well good but still have ways to go. Paid back $20k in debt. I'm also investing in stocks.
Best way to save money is not to spend it... lol
I never get no sleep how my money all spent but one ima die and it wont mean shit tho
if you have $$$$ at all
or learn another way to add income on top of what your already doing!
id love to help in any way i can,
i have a really cool group of people we teach to make money.
are you open to connecting?
I wish I could tell that to my landlord when she wants the rent
Hey Nate. I have never really been taught about finances and I find your videos very informative. Can you suggest a place to start creating a plan to build wealth? Where do I start? Are there any videos of yours I should begin with?
Figuring out how to save and invest money starts with
determining your investing goals,
when you need or want to achieve them
and your comfort level with risk for each goal.
You are expressing certain realities
I comprehend from you own imminent
about contributing your investment funds.
In any case, what might individuals like me
who have no unmistakable view about it
what's more, the cycles in question.
I would like if you react. Much appreciated
Many savers prefer having someone invest their money for them.
And while that used to be a pricey proposition,
nowadays it's quite affordable cheap, even
to hire professional help thanks to the advent of automated portfolio management services
a.k.a. Financial advisors.
@@Windarti30 These online advisors use computer algorithms
and advanced software to build and manage a client’s investment portfolio,
offering everything from automatic rebalancing to tax optimization
and even access to human help when you need it.
@@andresLK I support you on this one.
@@WiolciaMrozowska531 Hope you understand now ?
I've been doing all these things and my girlfriend kept calling me cheap
Anish Chand drop that bitch😂
She should understand
get rid of her
This why I dropped fake family and friends I'm trying to save money not loose money. If they can't understand that you don't need them!
Sexist much?
I'd like your view on saving money on health. That's a very good point!
Man I have really learned a lot from you. Great information keep up the good work
wow you are awesome for as young as you are to be THIS smart with saving money I wish
MY hubby would have listen to me 30 yrs ago & we may not be where we are NOW. keep up the great work.
More money saved = more money invested. Automatic withdraws are so helpful!
Spend less than what you make.
*gasp*
Knowledge
Easier said than done.
@@DancinJim wish me luck
@@DancinJim exactly. Original poster must not have any responsibilities.
DancinJim cut up the credit cards and it’s easy
For some people It's easy to start something but hard for them to stick to it if they don't see immediate results. In order to save in the long term you have to develop new habits and mindset to save/ invest; moreover, be disciplined not to return to old financial habits. Don't get discouraged..just be consistent with it!
I tried saving before I could get my own bank account by giving my mom some/most of my money that I would make while cleaning houses with her. I saved up $400 in less than a couple of months and as a 13 year old I felt og but she ended up using it for rent. I’m so glad I can have my own bank account now and I’m looking for tips. I’m saving what I can even if it’s a little bit but this helped me so much. Thank you
This definitely did change my life! Automatic is the way to go for saving, investing, even paying debts. I’m putting over $6k a year for retirement just on this simple idea. 😁
Great savings tips....I recently did a savings challenge and was able to save $1300 a month by cutting down monthly household bills. Keep up the good work!
Nice! Love to hear it
Excellent video, Nate. Keep up the great work! 😊
Good info. In a nutshell; basically the 1st few sentences say it all. No what you're bringing in and no what your expenses are. Create at budget so that you ONLY focus on the necessary expenses and don't touch the rest. Basically practice being disciplined. See it, want it, understand the difference between wanting and needing. That being established, resist the temptation that you ordinarily would give into, because you're a new, wiser person with an agenda.
Great strategies man! Saving money is important especially when your young!
Compound interest!
Have you tried mining bitcoins before? mining is the best way to get bitcoins without buying, I can teach you how to exploit and earn more than $ 5000 per week, ask me how if you are interested.
@@petercorey7710 How?
I just need 500 more bucks to buy a canon camera lmao
G Marie want mine? Lmao
How are you doing
@@HannahBirzes hi dr
Another thing about the thrift shopping, I’ve found some of the coolest and best clothing there. Great quality clothes for very cheap!
Thank you for sharing. I enjoy listening to your advice. It is difficult for people who make less than 50,000 a year to save a large amount. This is quite helpful to hear.
I realized that the secret to making a million is making better investment. I always tell myself you don't need that new Car or that vacation just yet and that mindset helps me make more money invest:ng. For example last year I invested 70k in blue chip stocks and crypt0 s (with the help of my advisor of course) and made about 380k, but guess what? I put it back and traded with her again and now I'm rounding up close to a million. Delayed gratification always pays off.
@Stacy White I found her on a CNBC market interview, so I looked her up and we begun our awesome partnership
@Stacy White You can connect with her on what'saap
+150
2273
5657
This is true, I ended up in the hospital not long ago due to a heart problem. And I am just 27 years old, when I saw my medical bill I almost had a heart attack again. 25,000! After the hospital paid off some of it, I still owed them about 8K. So yes, invest by simply taking care of yourselves.
great video man, I took a bunch of notes, I honest can say that im in a space where I NEED to save more Money, and make better financial decisions, the tips about owning and operating a vehicle was a real eye opener for me. thanks for your time, knowledge, and expertise.
I love your videos. You've totally inspired me to start my own channel as well. I hope to be just as big and to positively impact others just like you do 🙂. Great content and keep up the good work.
Nice job, my man !!! Keep up the good work!!
Thank you Bill!
I'm planning early so when I do move out I'll be alot more ready.
Really good stuff! I'm about to finish college, and I'll def consider your advice
Good advice! I’m going through it right now and I really needed this 👏🏿
Guys ,Health is wealth , maintain your health ,its the most important thing
I find your content very useful and inspiring. Thanks. Watching from Ghana 🇬🇭
Thank you! I hope to travel to Africa in the coming years!
Nate your channel is awesome! Definitely one of the best on these topics. It inspired me to make my own youtube channel about financial education.
Thank you so much:) I suck at saving money and this really helped me out!
Never thought i'll make it to adulthood especially living in the hood!!!!
You did good.
Self checkout at Walmart is one way of saving
So very proud of you .. You are totally. Awesome. .God bless you.
Thankyou Nate... I found this very useful!
Plant based foods people! Cheap Lazy Vegan has me hooked & feeling great.
I’ve got my savings down to 80% of my income, which I think is my maximum. Any more and I think I might starve 😂 Great video btw! Definitely subscribed!
Wow! Don't push yourself too hard!
Haha I admire your discipline 😂
Stephen Anderson your off the limits when you die you ain’t taking anything. Save to a limit and enjoy life while you can . Don’t go bold for just thinking about saving
@@smurfeco2.358 something I need to learn I work 7 days week. Save like 2000 month but I'm stressed and bored but my mindset already been to place to grind hard not if don't save get to worry lol
P P there’s a certain point where you know you got it with money saved yeah of course saving is a great thing and everyone should do it . I save my money . But I don’t starve myself . If you have 40k in a bank account your not going to be broke for buying a 8 dollar plate . Pushing yourself to save a certain amount a month only stresses yourself out you’ll have 1 million in a bank account while but You’ll be in the hospital over a stroke because “of saving money” enjoy life but also don’t “live it to the max” how they say cause you’ll go broke
Thanks! Legend, I really appreciate the tops... Here I Go! 2020 💰 Saving Time!
Hey Nate. This is Ray. Thanks for giving me tips on how to save money, as I'm a Senior in high school, and need to learn how to save money when I leave school for college. You are a blessing from Heaven above. Keep up the good work and God bless you, Nate. :) If this comment gets 24M likes, I tell you a little more about myself.
Its a good thing to save money for interest. But my advice to the low-income employee, save only 40% of your salary draft out your monthly expenses on 30% and create an investment on the 30% balance so as to stay ahead of inflation because if you dont lnvest and grow your money, you'll actuaIIy end up loosing money over time
Absolutely/I couldn't agree more. tho Investing money sometimes can be risky, but it offers higher returns than bank savings accounts and can help people build wealth over the long term
thanks for the idea but what type of investment will you suggest for me as a low-income employee. perhaps a reasonable 20% profit biweekly
@@conniemontenegro2851 There are fôur low rîsk învestment optîons to consîder. Stôcks. Bônds. Fôrex. Càsh equîvalent. All you nêêd is a portfôlio mânager who with his experîence you can be very prôfitable with comfôrtable rêturns
Forex still remains No1. ln fórex tradîng, an àverage deposît can cóntrol a much làrger totàl contràct vàlue. Leveràge gives the tràder the àbility to make nice profîts, and at the same time keep rîsk capitàl to a minimum.
i couldnt agree móre. i was fórced to quíte my jób because of the steądy lncome i have been makíng through fσrex trąding and that mąke me see lnvestment as the ónly wąy to becσming rích