I knew a woman who would not go on vacations, rode dangerous city buses, dug into grocery store garbage cans, refused to use hot water, refused to turn on her air conditioner, , sold her vacation days back to the company she worked, bought all her clothes from goodwill so she could retire rich She died sad, angry, lonely at the age of 52 and the sister she hated inherited all her money.
You must live while your alive. Don't waste money , save where you can when you can, not on food, water, safety. That's ridiculous, you must be happy to live and to live we must spend a portion.
You mentioned nicotine but not alcohol? Quitting alcohol literally made it easier to resist like half this list. By far the most frugal thing I’ve ever done.
@@nilsschear1095 for real. I've never had a problem with alcohol, but stopped buying it simply because of the price. It's way too easy to walk out having spent $100 or more!!
1. Impulse purchases 2. Eating out 3. Credit card interest 4. In-app purchases/ Micro-transactions 5. Paying too much insurance or for insurance you don't need 6. Expensive cars 7. Small indulgences leading to bad habits 8. Designer clothing 9. Designer baby clothing 10. Expensive phone plans 11. Banking fees 12. Cigarettes and vapes 13. Extended warranties 14. Useless subscriptions 15. Cable TV 16. Car lease and loans 17. Unused and expensive gym memberships 18. Sports betting 19. Lottery tickets 20. Expensive dates 21. Peak season flights and hotels
A study on vice spending was done by Tom Stanley a while back. Instead of smoking 3 grand worth of Phillip Morris products every year, instead invest that same $ in Phillip Morris stock. Not only will you not get lung cancer, you'll also have several million dollars when you retire, from that change alone.
Yes, buy a vehicle on cost per mile not the price of the vehicle. I don't care if you finance it if the cost per mile is cheap with the interest factored in
No kidding! Try fasting, and do it long enough (several days) to where it begins to gnaw on you. Look-up and you will suddenly see billboards EVERYWHERE advertising for you to “come-in and buy our food!” We are being constantly bombarded with lusty lures to spend our money! Look at it this way; your employer gives you a bank pouch to deposit that weeks business. You see a billboard advertising food and you think, “hey, I’m suddenly hungry and now I have enough cash to buy that lunch.” Only one little problem… THAT’S NOT YOUR MONEY IN THE BANK POUCH! Look at your pay as you being a faithful steward of God’s money. Suddenly that paycheck will go much, much farther. You will no longer be putting your money into bags with holes in them.
@@maxwellspeedwell2585How has no one commented about how ridiculous your comment is? Fast for several days and see billboards for food as a scam? Look, I don't like billboards, but food is one of the only reasonable things to spend your money on, since you literally need it. Not eating for days at a time is an ED. Get help.
Drink at home, get a Good wife (she's Worth Spending Money on a Real Date) and keep reading! Never owe anyone one dollar for anything if you can help it. Pay off your insurance, mortgage, and car up front. This guy is obviously pushing insurance; it's worth it to me to have the peace of mind for a low deductible that goes for Health insurance as well. Never Ever go without Health or car insurance. I know you're all young and healthy, but you never know when an accident can literally ruin your financial future. Look up how Most people are Quickly financially ruined. It's not from drinking or eating out; it's from not having health insurance that you can afford.
Spend your money wisely-invest in quality where it counts, for it often outlasts the cost of cheapness. Yet, remember that sometimes the simplest, least expensive option is the real gem in disguise.
I hope we all know that it doesn't matter who is in the 'top job' because this is a systemic problem -- greed. We have allowed many of our economic sectors, to take advantage of the American people. It's disgusting and frightening for the future of our country. My wife and I will be retiring in the next two years n another country. We are absolutely worried that SSI will no longer be funded. we'll have to rely on his pension, a 403 (b) and a very prolific Investment account with my Stephanie Janis Stiefel my FA. Our national debt is bloating and expanding every month. Our government needs to get spending under control and cut the federal budget.
What helped me a lot as a small business-owner is learning how to budget and not to touch any of the money for something it wasn't meant to be spent on
Yes I bought an expensive car. In 2017 after a week in the hospital thinking I was going to die. I bought my bucket list car. A Ford Mustang convertible. 7 years later the car is way paid off and I could go to any carmax and sell it for what I bought it for. But I won’t. It’s my baby and gives me pleasure every time I sit in it. Put a price on that.
I mean, it's not that expensive of a car. I bought a 2016 Mustang GT in 2016 in cash, and it was just a slightly more expensive than average car at the time. It's what I wanted, but I did cross-shop the Camaro SS , Challenger SRT, and BMW M240i at the time.
i know the feeling an obtainable dream car does to us. if it brings you joy and you take care of it like a hobby, you deserve the exception. i take my pony to cars&coffee regularly and socialize.
@@justaperson4065 many of the cars bought from 2019 until now have not really gone down in value due to Covid. I leased an Audi in 2019 in 2021 I bought out the lease sold the car and walked away with $9k in my pocket. There is more to it then just loan = bad that these talking heads don’t get into. For example if I can get 5% a year on an investment and need a car if I can get a new one at less then 5% interest then I’d be an idiot to pay cash for the car take the loan, take the rest of that cash and invest instead of buying the car out right. You will end up with more money at the end of the loan then had you bought the car and not had the loan with the same money out and you buy a car that isn’t some $5k beater
Not necessarily. If you have medical issues then food is more expensive. Yes non organic is cheaper but if you get sick a lot, all the antibiotics in food can make you antibiotic-resistant. It’s a thing.
Money best spent was the retailer's extra insurance for my daughter's laptop. Anything at all happens to it - they fix or replace it, no questions asked. I knew the insurance is usually unnecessary and expensive, but knowing my then 12-year-old, I paid it. For the extra 200€ per two years, I got three laptops. First my daughter fried the HDD by playing too much. Got a new laptop. Just before the insurance ran out, she dropped the laptop and we got a new one. For my own gadgets I will never pay extra. But for little Miss Butterfingers, it's money well spent.
Another waste of funds can be amassing a bunch of worthless collectables. I have been to some estate sales and have seen tables full of name brand collectables that someone purchased new on a regular basis that were being sold for pennies on the dollar. Having a collection of items is not a bad thing as long as you get the stuff pre owned and realize that you will probably never see a net gain from it.
I would partially agree. My husband collect hotwheels. He doesn't open them. Generally you can but a hot wheel for $1.00. He is able to resale hot wheel still in box for a dollar. If inflation goes up to were hotwheel start selling for 2 dollars, he will be able to resale for 2. Granted they aren't the best investment, but they generally at least keep up with inflation.
I guess it depends on what you're collecting. I used to collect Japanese anime figurines. I stopped once covid fuked up the shipping prices but I buy my favourite character every now and then. My mother used to say the same thing and it didn't bother me. Unless I sell to other collectors, people don't appreciate them. It's the memory of the show and how I connect with the characters. I know I can't take them with me when God calls for me but they bring me joy, even 11 years later. These figures aren't about creating an investment, it's about the joy. I cut out other stuff instead like takeaways, fast food, I drive an economical car, don't have a phone plan, play free games, go running around the block, etc.
One of my friends and her husband are medical doctors. When their 4 kids were very young, my friend would buy used clothes on eBay for super cheap for the kids.
You left out tattoos. I don't have any issues with them but it seems like every broke person I know has a bunch of them and they are always rolling up with the last $300 ink job.
Good point! I spent 100$ on my first tattoos, and I wanted to get more. As life went on I couldn't justify spending hundreds of dollars to decorate and stain my body more than I already did. I did however, spend 920$ on laser removal for the 2 I got, and I'm proud to say that was well worth the investment.
Eating out is the only thing we have not stopped but after this past weekend 173.00 including the tip for Mexican food, it was good but that was toooooo much. I'M taping that recipt on my sun visor in our car to remind us 😂❤ thanks George..
I think I have been with the "ghetto" plan for 2 years or so now. I have zero complaints. I don't care how "ghetto" it may seem. $25/mo WITH INTERNET. It is better and cheaper than my land line and dial-up internet was 22 years ago!
I completely agree with you on the baby clothes. I've found really good clothes, swaddles and even blankets/ bedding at thrift stores. (And I mean the expensive stuff too!!)
Walmart clearances their baby clothes at $1 per item every year. Just make a friend in the apparel department to give you the heads up when the clearance starts.
22. You don’t have to cut out little joys you may have like buying popcorn or coffee if you focus on earning more money. Learn to earn more, so you can enjoy life more. Not save to death.
Very true! Once I entered my 30s, I learned that it takes a balance between spending and saving/investing responsibly. Nothing wrong with enjoying life as long as you're not going into debt to do so and still saving a bit on the side.
@@225KristophNo, but you can learn to save to invest, or buy property, etc. Or just have rain day money at least for emegencies, or being old and suddenly not having a pension because WWIII or who knows.
I mean, peak season flights and hotels exist for a reason. Mainly because those are the times the whole family can take off. Sucks, but it’s how economics work.
Our money sucker is ordering out-we literally don’t spend money on all the other things on your list except eating out-it’s embarrassing because we’re both capable cooks 😅
As an lnvesting enthusiast, I often wonder how top level investors are able to become millionaires off investing. . I’ve been sitting on over $545K equity from a home sale and I’m not sure where to go from here, is it a good time to buy into stocks or diversify ?
Safest approach is to diversify investments. By spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown. its important to seek the guidance of an expert
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
How can I participate in this? I sincerely aspire to establish a secure financlal future and am eager to participate. Who is the driving force behind your success?
My CFA Annette Christine Conte a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market
I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.
Sometimes buying a new car is worth it. We bought a car 3 years ago, it was under warranty for several years and maintenance was included for the first 36k miles. We ended up having a bunch of issues and now, thanks to the lemon law in our state the company is repurchasing the car for almost 90% of the purchase price (including taxes etc…) 3 years and 50k miles later. This experience has definitely biased me toward continuing to get cars new in the future.
My dad was kind of used vehicles and once he could no longer fix them they became money pits. Buying a new or slightly used well made car is a good investment if you don’t live in a major city.
I realized that if you are not Warren Buffett nor someone in the industry it's difficult to make decent return from the stock market, stock picking is an effort in futility particularly at an uncertain time such as this, my portfolio is still significant about $150k but I'm not confident about picking stocks anymore. Are there really no other options for me to gain from the stock market? I'm open to ideas.
It's hard to beat the market as an ordinary investor, you don't have access to information that professionals have. So it's just better if you invest with a professional who knows how things work better.
Picking stocks is a risky thing to do particularly for non-professionals, I learnt that in 2020 when I lost almost everything but I was lucky to switch to using a financial advisor who has better knowledge of the market than I do and I've been returning at least $70k every month, just too bad I didn't learn this earlier on.
Interesting! been thinking about switching to an advisor for a while now, but the fear of losing funds holds me back any help pointing me to who advisor is and how to reach them.
I'm not so comfortable making recommendations on the internet, but since her webpage is public accessible, she's Diana Casteel Lynch, a simple search with her name will suffice.
Pretty much...but one can also learn to have "fun" with less or simpler things. You then have so much and eventually make so much (either by investing or whatever) that you can have "fun" and still not worry about where your money is going or losing it. Don't worry, I'm not one of those bots recommending some financial consultant 😅
I used to hit the Wendy's nearby where I worked. I'd spend about $10 for lunch. I started thinking, I can either buy a share of Ford stock, or something else - but Ford hovers around $10, so it's a good illustration. Lunch at Wendy's or buy a Ford stock and pack my lunch? Honestly, I now own more than 200 shares of Ford. It comes down to lost opportunity and making a choice.
I don't know about that. For $10/day that will buy a lot of good bread, cheese, meat, apples, bananas and other goodies. Put it to the test. Honestly, I think packing is cheaper. Thanks for the reply.
For some people, telling a person who switched to vaping from smoking cigarettes to stop vaping is like telling a crackhead to just stop buying Crack. Yes, you should, however it's an addiction. Not necessarily easy to just quit. Sometimes, better, not best, is the best option at the moment.
Clothes are something people really need to research. Buy high quality clothes (not necessarily expensive clothes) that will last for years. Then the only thing you need to really worry about paying for afterwards for clothes are when they are damaged and need to be replaced or repaired
#22 -- Not on George's list -- Jellyfish Lights. If you didn't see the ad, they're year-round lights on your house where the colors can be changed for different holidays or birthdays or can be just plain white for more security. Never have to get up on the ladder to hang lights again. In this economy, I don't know who's ordering these -- except for the couple in the ad. There are so many ways to better spend or invest that money.
Doesnt matter what class you are, theres always gonna be a money problem. Mo' money mo' problems." Live your life and try to do it smart and organized at the same time is the message here.
I borrowed $5032 to buy my brand new 2001 Saturn that cost $15,600. $5,032, for 3 years, at 1.9 percent interest. Paid it off early. Paid $148 in total interest. I was NEVER upside-down, and I still drive it in 2024.
I only make around $31k a year, so I will absolutely have to finance a car when I can get it since I need one now and wouldn't be able to wait two years or more to pay outright, but I am making sure to avoid any other sort of payments I don't need. In reality though, most people cannot afford to pay outright and our society makes it darn near impossible to live without a car.
I bought a really nice car for $2800 bucks a 2012 Impala. Then I bought a 2003 Caravan for $1500 and have put over 30k miles. You can buy a vehicle cash.
@@FadeToBlackLLC but it takes time to save even those amounts before you can purchase a car. And what if you have get repairs bc the car isn’t new?? What do you suggest then?
@@zeemar4154 just as I did, have money saved. I didn't spend every dime I had. I bought what I budgeted for and had enough to get the repairs done. It might take a little more work but I've done it plenty of times and I don't even think about it anymore. I guess it helps to know people that can work on cars so once again you plan.
I bought a Mercedes 7 years ago and it was a wonderful purchase. I paid extra and paid it off early. I have had few problems with it , it had almost 180,000 miles on it and still rides like a dream.
Ever notice how the haves tell the have nots to just shut up and accept it. According to this dude, you should go to work, come home, cook food, do nothing, go to bed, and repeat. I can't help but notice he has some fancy guitars hanging on the wall. How are those helping him with his financial goals? That sure is a nice backdrop, but green screen is much cheaper.
@ajspice I got a Fender Jazz Bass using a credit card gasp...... I had it so if I paid it off with in a certain time it was 0 interest. I paid it off early by setting up automatic payments 5 dollars higher than the monthly minimum. I got a dream bass for retail price. But I did it in a wat that improved my overall credit score. But I'm sure this guy would call me irresponsible for enjoying my life .
My tip. If you want to travel on a budget, be willing to use the cheap airline, use a travel backpack to avoid luggage fees and go from Thursday to Saturday. Stay at a budget hotel that includes free breakfast. It really saves a lot and you can have a great time.
How do you classify eating out? I use Subway coupons and get a 6 inch sub for less than $4 is that wasteful ? I don’t feel like there’s much I can prepare at home for less than that.
I do most of these things mentioned in this video. Another good one is no alcohol, no illegal drugs and no cigarette smoking. Make being healthy a top priority 🌿🤑
I've been to a sit-down restaurant about 10 times in the past 5 years. So averaging 60 usd each time. So for me personally it's been about 10 dollars a month over the years. But I do however enjoy cooking as does my partner and we use our kids as free labor for food prep haha.
I worked hard all day, so I deserve a treat! Two restaurant meals every workday (if not 3) and at least one Saturday and Sunday. Plus, three or four vending machine treats every workday. That is 28 restaurant meals, minimum, a month. $300 is cheap. Of course, buying whole food at the grocery store and preparing meals at home is a lot healthier and cheaper.
Yeah, I spend about $30-$50 on average a month eating out. I only do sit-down places for special occasions like birthdays. I could afford to eat out way more often, but I just don't, I don't see the value, and I don't really have expensive tastes when it comes to food.
*I wasn't financial free until my 40’s and I’m still in my 40’s, bought my third house already, earn on a monthly through passive income, and got 4 out of 5 goals, just hope it encourages someone's that it doesn’t matter if you don’t have any of them right now, you can start TODAY regardless your age INVEST and change your future! Investing in the financial market is a grand choice I made.*
Investing with an expert is the best strategy for beginners and busy investors, as most failures and losses in investment usually happen when you invest without proper guidance. I'm speaking from experience.
How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?.
A trend I've noticed is people rather be covered in tattoos and piercings than having reliable transportation, along with buying food from the cafeteria at work rather than packing their own lunches.
Love the Old McDonald insert! I set up a $50 per week eating out budget and now I rarely spend it just knowing I had to be accountable to my budget psychology made me think twice before swinging into a fast food place or restaurant! We save over $500 a month!
like and subscribed right after the video ended. this content is amazing! way to learn somethings about money and lifestyle changes. thank you sir George!
When you were talking about designer baby clothes you said “that’s enough B’s for the day” but then you went on to say about 49 more words that start with B
If I had $360k I would invest $100k in tech & $260k into dividend stock with a proven track record to grow with capital appreciation & dividend increase year over year
Adding JEPI and JEPQ are smart additions in my opinion. As for staying committed to higher-risk investments, it's all about balancing your risk tolerance with your long-term goals.
The market is not necessarily a rollercoaster if you know your way around the market, there are various opportunities in the present market to accrue good profit, If you are not too savvy with the market, just buy and hold on strong companies with good earnings, or consult with advisors on ETFs and actively managed funds. that’s what works for my spouse and I. We've made over 30% capital growth minus dividends.
Finding financial advisors like Stacy Lynn Staples who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
There are some fantastic "free stores" around here and always loaded with things from yard sales, estate sales, auctions, donations, constantly coming in. Coats, dishes, books, toys, clothes, shoes, decorations, hats, jewelry, scarves, prom dresses, greeting cards, sheets, lamps, DVD's, belts, diapers, CD's, formula, rubbers, candles, ovenware, you name it, all free. Local library or DHS would probably know about where to find one near you because they're popping up all over.
A lot of these are great. I would love for you to show one time how app games are intentionally developed to get you to spend without thinking about it. Love the advice on everything else as well.
I was guilty of doing when I played Candy Crush 😅 I haven’t played that thing in years because the game is designed to make you spend money to progress further into the game
2 things. Extended warranties have actually helped me. It’s a matter of pick your poison. With me, TVs. And I’ve used every one of them and had my tvs replaced. And car lease. My husband leased his ram only because he wanted to make sure he loved the truck. And you’re not stuck at the end with nothing. You do have the option to buy it out at the end, which we did. Spent $10k in the front end in payments, wrote a check for $21k when the lease was up. So, there is wiggle room with very few of these scenarios
How about just living…actually living…your life…being sensible but not ridiculous as you drive your old,under-insured car with your long, un styled hair blowing in the breeze as you head off to the used clothing store…uh…no…just living within sensible guidelines but not “worrying” about normal expenditures…staying in, cooking everything, counting the money I’m saving for I’m not sure what since apparently I’’m not supposed to spend any of it, etc, etc does not sound like a life…it sounds like a life sentence!
OMG. I spend less than $25 a MONTH eating out!!! What the heck, people? And I only spend that because I am part of an author's group who meet at a restaurant and we need to spend $150 as a group in order to reserve the room. Yikes! For two people each month, including cleaning supplies, toiletries, those types of things, and a lot of organic, but zero meat or dairy, for three years running, I spend less than $528 a month for two people. That's 8.68 a day each person, including cleaning supplies. Think about that -- month after month after month of what people spend on food and cleaning supplies and toiletries. (I see this site, when a budget is suggested, spend way too much in this regard. Get INVOLVED in your food.) My guests love my cooking and no one has ever left hungry or wanting! Hubby is 70 and I'm 66 and we take no meds. Eat at home people and eat your veg and beans! I challenge anyone to beat the nutritional and satisfaction value of my food. Geesh! (I meal prep every three or four days--batch cook beans, veg, salads, casseroles, lunches.... and also make breads and ferments. My CHOICE to spend my time on my health. I also have a veg patch in my urban yard. And further, if you did a time study, as I have, it's actually FASTER to batch cook as I do than it is to go out to eat. One further note, I am a former personal trainer and holistic food coach.)
I have 2 black hydro flasks, a 21oz and a 32oz both black, ever since I bought my first one back in like 2018 I have saved so much money on water bottle. I carry them with me all the time in my car, to work, gym and hiking sadly my 32 oz was stolen in the gym last year so I had to purchase another one still better that buying water bottles all the time
@@karmel896 I'm too lazy to wash them all the time. Saw a video on one lady who didn't wash them and was getting sick. Finally opened it up and it was growing mold inside and she was getting sick from that. Thanks, but no thanks. I mean, I get having one or two, but collecting them is ridiculous.
Disagree on the bamboo baby clothes - they stretch tremendously so they fit for far longer than other fabrics. I have a pj onsie 18 months that my son started wearing at 12 months and still fits in at 2.5 years. And they’ve made their way to Walmart so they’re not as highly priced as they used to be.
Okay, guys, not broke person here (can also claim this dude's millionaire status but it means nothing in 2024). But have had to use food banks at one point. The #1 thing is avoid debt or pay it off if it's already happened. Start with making the most amount of repayments on the highest interest debt, then move on, always putting the same total amount on debt until it's gone. Ans then that money is savings. Good used cars cost as much as an average new car. They last longer and cost less maintenance. Leasing is actually great if it comes with tax breaks and includes all ongoing costs. Our novated lease car (Australia) costs less each month than maintaining our second car. So yeah, I don't have anything at the end, but also, my used car was worth less than that. Don't go bear bones on impulse purchases and eating out. Budget for it and use cash. If you can see the money you're spending you'll think a bit harder about it. Just because you are struggling doesn't mean you don't get to live. Low quality brand names are a nah, but so is fast fashion that falls apart. Mid range priced, high quality designer on sale is the way to go. You'll have great clothes that last and you'll spend less in the long run. Vices are vices. Instead of just not buying cigarettes, look into a longer option that will help you give that up for life - therapy is the best, but headspace is a cheap option to get you started.
What do you propose for a car then? I currently own my car but it has costed me so much to get things fixed and may not last much longer. I can’t wait to save the money it’ll take to buy a car outright because I need transportation. So I was thinking about leasing.
My husband died at 30 years old. Cannot begin to tell you how much I am glad we did not deny our self every pleasure to make some future date goal... use your money wisely, but don't put off living
The nearest town to me has a population of about 5,000. The county is 900 square miles, total population of about 21,000. No other town of size within 25 miles. There is about a half mile stretch, six fast food businesses and several restaurants. Only two stores to buy groceries, Walmart and a local. There are several other coffee shops and restaurants in town. They all have been in business for years and they all are busy. It's a poor county by most of the state's and nation's measure. But the fast food shops are booming. McD's just rebuilt, tore down the old and put up a completely new store. People seem to work just so they can eat at McD. I don't understand it.
@@GoldCountryTrapping yep! It's crazy. We do a date night once a month, and a family restaurant outing once a month. Everything else is made at home. Including our sauces, bread, tortillas etc.
I will be forever grateful to you, you changed my whole life and I will continue to preach on your behalf for the whole world to hear that you saved me from huge financial debt with just a small Investment, thank you Jihan Wu you're such a life saver
As a beginner in this, it’s essential for you to have a mentor to keep you accountable. Jihan Wu is also my trade analyst, he has guided me to identify key market trends, pinpointed strategic entry points, and provided risk assessments, ensuring my trades decisions align with market dynamics for optimal returns.
Jihan Wu Services has really set the standard for others to follow, we love him here in Canada 🇨🇦 as he has been really helpful and changed lots of life's
I'm favoured, 90K every week! I can now give back to the locals in my communities and also support God's work and the church. God bless America,, thank you Mr Jihan Wu😊🎉
I was coming to ask that same thing. You either pay the $999 today or just pay it over the life of the phone with no interest. That means more money in your account right now. Seems like a no brainer to me.
Agree. Even after becoming financially free, I still avoid such financial mistakes, except for eating out (this is something I can easily afford). My three Japanese top cars (all paid cash) cost me less than only one German car of my neighbors etc.
I knew a woman who would not go on vacations, rode dangerous city buses, dug into grocery store garbage cans, refused to use hot water, refused to turn on her air conditioner, , sold her vacation days back to the company she worked, bought all her clothes from goodwill so she could retire rich She died sad, angry, lonely at the age of 52 and the sister she hated inherited all her money.
That's a bummer
Must be from all the dumpster diving.
You must live while your alive. Don't waste money , save where you can when you can, not on food, water, safety. That's ridiculous, you must be happy to live and to live we must spend a portion.
So how did she die?
@@slidegirl9166 In my nursing home Cancer
You mentioned nicotine but not alcohol? Quitting alcohol literally made it easier to resist like half this list. By far the most frugal thing I’ve ever done.
Far more people have a casual beer vs a casual cigarette…
@@RCGuitar982having a beer one time at a restaurant is more than a pack of cigarettes. Alcohol will always hurt your pocket more than smokes
Yes!!
Alcohol ruined my 20’s, financially. Making up for it now.
@@nilsschear1095 for real. I've never had a problem with alcohol, but stopped buying it simply because of the price. It's way too easy to walk out having spent $100 or more!!
1. Impulse purchases
2. Eating out
3. Credit card interest
4. In-app purchases/ Micro-transactions
5. Paying too much insurance or for insurance you don't need
6. Expensive cars
7. Small indulgences leading to bad habits
8. Designer clothing
9. Designer baby clothing
10. Expensive phone plans
11. Banking fees
12. Cigarettes and vapes
13. Extended warranties
14. Useless subscriptions
15. Cable TV
16. Car lease and loans
17. Unused and expensive gym memberships
18. Sports betting
19. Lottery tickets
20. Expensive dates
21. Peak season flights and hotels
Not all heros wear capes 👏💪
Hey hey hey #21 once in a while.
A study on vice spending was done by Tom Stanley a while back. Instead of smoking 3 grand worth of Phillip Morris products every year, instead invest that same $ in Phillip Morris stock. Not only will you not get lung cancer, you'll also have several million dollars when you retire, from that change alone.
Thank you!!!!
none apply to me and I'm still broke. lol
You RULE. THANK YOU
Moral of the story. Stop making unnecessary purchases. Once you see it as a massive scam. You begin to actually win.
Yes, buy a vehicle on cost per mile not the price of the vehicle. I don't care if you finance it if the cost per mile is cheap with the interest factored in
@@mattmead2623 Never new.
No kidding! Try fasting, and do it long enough (several days) to where it begins to gnaw on you. Look-up and you will suddenly see billboards EVERYWHERE advertising for you to “come-in and buy our food!” We are being constantly bombarded with lusty lures to spend our money!
Look at it this way; your employer gives you a bank pouch to deposit that weeks business. You see a billboard advertising food and you think, “hey, I’m suddenly hungry and now I have enough cash to buy that lunch.” Only one little problem… THAT’S NOT YOUR MONEY IN THE BANK POUCH! Look at your pay as you being a faithful steward of God’s money. Suddenly that paycheck will go much, much farther. You will no longer be putting your money into bags with holes in them.
Exactly! Marketing is psychological. We need to resist.
@@maxwellspeedwell2585How has no one commented about how ridiculous your comment is? Fast for several days and see billboards for food as a scam? Look, I don't like billboards, but food is one of the only reasonable things to spend your money on, since you literally need it. Not eating for days at a time is an ED. Get help.
2 things that helped me and literally changed my life
1. I stopped watching porn
2. I read the book called 'Genius Hidden Tricks'
3. Stop drinking
Drink at home, get a Good wife (she's Worth Spending Money on a Real Date) and keep reading! Never owe anyone one dollar for anything if you can help it. Pay off your insurance, mortgage, and car up front. This guy is obviously pushing insurance; it's worth it to me to have the peace of mind for a low deductible that goes for Health insurance as well. Never Ever go without Health or car insurance. I know you're all young and healthy, but you never know when an accident can literally ruin your financial future. Look up how Most people are Quickly financially ruined. It's not from drinking or eating out; it's from not having health insurance that you can afford.
That’s three things lol
good one lol
Nice bro this is good advices and yea book is great I already read it
@@Li-ck8ek
The brain cells he lost drinking haven't regenerated yet. If ever.
This should be labeled how to squeeze as many sponsors into one 11 minute video that you can. Lol
Spend your money wisely-invest in quality where it counts, for it often outlasts the cost of cheapness. Yet, remember that sometimes the simplest, least expensive option is the real gem in disguise.
Great advice and I live by it as well. I have wasted too much money and time on cheap garbage
I hope we all know that it doesn't matter who is in the 'top job' because this is a systemic problem -- greed. We have allowed many of our economic sectors, to take advantage of the American people. It's disgusting and frightening for the future of our country. My wife and I will be retiring in the next two years n another country.
We are absolutely worried that SSI will no longer be funded. we'll have to rely on his pension, a 403 (b) and a very prolific Investment account with my Stephanie Janis Stiefel my FA. Our national debt is bloating and expanding every month. Our government needs to get spending under control and cut the federal budget.
@@OsamahMocoWhat country you moving too?!'m headed to Thailand or the Philippines in 4 years.
Exactly well said.. spread the wisdom
@@OsamahMocoI would really love to know how much work you did to put in to get this stage
You can still live a happy fulfilling life and not buy a bunch of crap you don’t need. That sums it up
What helped me a lot as a small business-owner is learning how to budget and not to touch any of the money for something it wasn't meant to be spent on
Yes I bought an expensive car. In 2017 after a week in the hospital thinking I was going to die. I bought my bucket list car. A Ford Mustang convertible. 7 years later the car is way paid off and I could go to any carmax and sell it for what I bought it for. But I won’t. It’s my baby and gives me pleasure every time I sit in it. Put a price on that.
I mean, it's not that expensive of a car. I bought a 2016 Mustang GT in 2016 in cash, and it was just a slightly more expensive than average car at the time. It's what I wanted, but I did cross-shop the Camaro SS , Challenger SRT, and BMW M240i at the time.
Yours may be an exception and not the rule. But happy for you. :) Your bucket list car isn't just a car, it's a pet, a friend.
i know the feeling an obtainable dream car does to us. if it brings you joy and you take care of it like a hobby, you deserve the exception. i take my pony to cars&coffee regularly and socialize.
Hey, there's got to be something you save FOR.
@@justaperson4065 many of the cars bought from 2019 until now have not really gone down in value due to Covid. I leased an Audi in 2019 in 2021 I bought out the lease sold the car and walked away with $9k in my pocket. There is more to it then just loan = bad that these talking heads don’t get into. For example if I can get 5% a year on an investment and need a car if I can get a new one at less then 5% interest then I’d be an idiot to pay cash for the car take the loan, take the rest of that cash and invest instead of buying the car out right. You will end up with more money at the end of the loan then had you bought the car and not had the loan with the same money out and you buy a car that isn’t some $5k beater
YES, I'M ALWAYS "BROKE" BECAUSE...I SPEND MOST OF MY MONEY ON STRICTLY...groceries! My groceries double/triple My rent!
You must have a huge family..
You must be eating well 😊
Not necessarily. If you have medical issues then food is more expensive. Yes non organic is cheaper but if you get sick a lot, all the antibiotics in food can make you antibiotic-resistant. It’s a thing.
Try the library for movies and shows. Your taxes are paying for it, you might as well use it.
Not the same experience as a theater.
People in the country don't really have libraries close to them and people in cities have libraries that are full of homeless loitering
@@iloveamerica3917 That sucks. I drive 20 minutes to mine, since I am in the country, but saves me a lot of rental fees.
And/or there's always the pirate's life! That's what I do! lol.
Great suggestion ... Libraries do usually have lots of movies and they are free. Books are great too.. much better for you than watching TV.
Money best spent was the retailer's extra insurance for my daughter's laptop. Anything at all happens to it - they fix or replace it, no questions asked. I knew the insurance is usually unnecessary and expensive, but knowing my then 12-year-old, I paid it. For the extra 200€ per two years, I got three laptops. First my daughter fried the HDD by playing too much. Got a new laptop. Just before the insurance ran out, she dropped the laptop and we got a new one.
For my own gadgets I will never pay extra. But for little Miss Butterfingers, it's money well spent.
Another waste of funds can be amassing a bunch of worthless collectables. I have been to some estate sales and have seen tables full of name brand collectables that someone purchased new on a regular basis that were being sold for pennies on the dollar. Having a collection of items is not a bad thing as long as you get the stuff pre owned and realize that you will probably never see a net gain from it.
I would partially agree. My husband collect hotwheels. He doesn't open them. Generally you can but a hot wheel for $1.00. He is able to resale hot wheel still in box for a dollar. If inflation goes up to were hotwheel start selling for 2 dollars, he will be able to resale for 2. Granted they aren't the best investment, but they generally at least keep up with inflation.
I guess it depends on what you're collecting. I used to collect Japanese anime figurines. I stopped once covid fuked up the shipping prices but I buy my favourite character every now and then.
My mother used to say the same thing and it didn't bother me. Unless I sell to other collectors, people don't appreciate them. It's the memory of the show and how I connect with the characters. I know I can't take them with me when God calls for me but they bring me joy, even 11 years later. These figures aren't about creating an investment, it's about the joy. I cut out other stuff instead like takeaways, fast food, I drive an economical car, don't have a phone plan, play free games, go running around the block, etc.
Add alcohol, drugs, gambling, and gadgets
One of my friends and her husband are medical doctors. When their 4 kids were very young, my friend would buy used clothes on eBay for super cheap for the kids.
I followed your channel since it started getting popular and your jokes and timing for memes has gotten so much better. Good job writers.
Had no idea how rich I was not buying the stuff I can't afford. Neat
You left out tattoos. I don't have any issues with them but it seems like every broke person I know has a bunch of them and they are always rolling up with the last $300 ink job.
Yup
@@minnesotajames1 that's a good one. I've never had one, but it seems like they are stupid expensive.
He can’t name every stupid purchase in one video.
Tattoos are right up there with nose rings, eyebrow rings etc.
Good point! I spent 100$ on my first tattoos, and I wanted to get more. As life went on I couldn't justify spending hundreds of dollars to decorate and stain my body more than I already did.
I did however, spend 920$ on laser removal for the 2 I got, and I'm proud to say that was well worth the investment.
Eating out is the only thing we have not stopped but after this past weekend 173.00 including the tip for Mexican food, it was good but that was toooooo much. I'M taping that recipt on my sun visor in our car to remind us 😂❤ thanks George..
What? The AVERAGE phone bill is $140/mo? Woah mamma! No wonder people are broke! Mine is $25 with unlimited everything.
Us mobile starter and visible+ are 🔥 some girl made fun of me for having visible+ said it was ghetto lmao dumb fool
@karmel896 My cars are ghetto, too. But at least my phone bill and vehicles aren't gulag!
Mine is $50
I think I have been with the "ghetto" plan for 2 years or so now. I have zero complaints. I don't care how "ghetto" it may seem. $25/mo WITH INTERNET. It is better and cheaper than my land line and dial-up internet was 22 years ago!
I completely agree with you on the baby clothes. I've found really good clothes, swaddles and even blankets/ bedding at thrift stores. (And I mean the expensive stuff too!!)
Walmart clearances their baby clothes at $1 per item every year. Just make a friend in the apparel department to give you the heads up when the clearance starts.
Smart people almost never buy new clothes except on specific purposes
Old McDonald called. He does NOT appreciate that reference 😂
I loved it! Very clever.
22. You don’t have to cut out little joys you may have like buying popcorn or coffee if you focus on earning more money. Learn to earn more, so you can enjoy life more. Not save to death.
Very true! Once I entered my 30s, I learned that it takes a balance between spending and saving/investing responsibly. Nothing wrong with enjoying life as long as you're not going into debt to do so and still saving a bit on the side.
I don't like Andrew Tate very much, but I think he makes a good point when he tells people you can't save yourself rich. Very true.
@@225KristophNo, but you can learn to save to invest, or buy property, etc. Or just have rain day money at least for emegencies, or being old and suddenly not having a pension because WWIII or who knows.
I mean, peak season flights and hotels exist for a reason. Mainly because those are the times the whole family can take off. Sucks, but it’s how economics work.
Yep, if I avoid them then I will never have Christmas or Thanksgiving with my family since I live 2200 miles from them.
The secret is buying them at least 3-6 months in advance and you could save close to half the price.
The irony of getting an Uber Eats advert halfway through this video 😂
Our money sucker is ordering out-we literally don’t spend money on all the other things on your list except eating out-it’s embarrassing because we’re both capable cooks 😅
Same here... my wife has NEVER cooked anything. She Doordashes basically everything. I think she spends like 600-800 a month in food / delivery fees.
The difference is that both of them can cook, you need to train your wife properly
Make it a game. Who can cook the better meal for $_____.
As an lnvesting enthusiast, I often wonder how top level investors are able to become millionaires off investing. . I’ve been sitting on over $545K equity from a home sale and I’m not sure where to go from here, is it a good time to buy into stocks or diversify ?
Safest approach is to diversify investments. By spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown. its important to seek the guidance of an expert
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
How can I participate in this? I sincerely aspire to establish a secure financlal future and am eager to participate. Who is the driving force behind your success?
My CFA Annette Christine Conte a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market
I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.
Thrift stores. That's the way to go.
I've said that for Years... then the other day I went to salvation army thrift store, a used sweater was $40.
@@recklesspupthrift stores are participating in price gouging as well.
Never walk into a convenience store.
Best to avoid those like the plague. Agreed.
Sometimes buying a new car is worth it. We bought a car 3 years ago, it was under warranty for several years and maintenance was included for the first 36k miles. We ended up having a bunch of issues and now, thanks to the lemon law in our state the company is repurchasing the car for almost 90% of the purchase price (including taxes etc…) 3 years and 50k miles later. This experience has definitely biased me toward continuing to get cars new in the future.
My dad was kind of used vehicles and once he could no longer fix them they became money pits.
Buying a new or slightly used well made car is a good investment if you don’t live in a major city.
He said expensive cars not necessarily new cars. You don't need the top shelf pf the best model. You can still get a new car that's on the lower end
I realized that if you are not Warren Buffett nor someone in the industry it's difficult to make decent return from the stock market, stock picking is an effort in futility particularly at an uncertain time such as this, my portfolio is still significant about $150k but I'm not confident about picking stocks anymore. Are there really no other options for me to gain from the stock market? I'm open to ideas.
It's hard to beat the market as an ordinary investor, you don't have access to information that professionals have. So it's just better if you invest with a professional who knows how things work better.
Picking stocks is a risky thing to do particularly for non-professionals, I learnt that in 2020 when I lost almost everything but I was lucky to switch to using a financial advisor who has better knowledge of the market than I do and I've been returning at least $70k every month, just too bad I didn't learn this earlier on.
Interesting! been thinking about switching to an advisor for a while now, but the fear of losing funds holds me back any help pointing me to who advisor is and how to reach them.
I'm not so comfortable making recommendations on the internet, but since her webpage is public accessible, she's Diana Casteel Lynch, a simple search with her name will suffice.
Thanks for this amazing tips I looked her up and was able to book a call session with her, she seems proficient.
He speaks really fast and i appreciate it.
He has to or the jokes would bomb. :)
I hope George is going to pay for my medical bill. I got three concussions during that video from all of the ads slapping me upside my head.
This is one of the reasons I have stopped watching.
Funny
Get an ad blocker browser app for your phone. Life changing.
Got rid of gym memberships forever. Only cost 40k for my home gym. Caveat is I'm a strength coach and coach on the side of another full time job.
So basically stop all things that are fun 😂
Pretty much...but one can also learn to have "fun" with less or simpler things. You then have so much and eventually make so much (either by investing or whatever) that you can have "fun" and still not worry about where your money is going or losing it.
Don't worry, I'm not one of those bots recommending some financial consultant 😅
That's not what he said.
Yupp… life is meaningless if you’re poor.
Being broke, hungry and sleeping outdoors isn't much fun, either.
Do you think working at age 70 sounds fun? Just wondering.
I used to hit the Wendy's nearby where I worked. I'd spend about $10 for lunch. I started thinking, I can either buy a share of Ford stock, or something else - but Ford hovers around $10, so it's a good illustration. Lunch at Wendy's or buy a Ford stock and pack my lunch? Honestly, I now own more than 200 shares of Ford. It comes down to lost opportunity and making a choice.
It’s actually more expensive to buy food to pack lunch. It’s probably a lot healthier, but not cheaper.
I don't know about that. For $10/day that will buy a lot of good bread, cheese, meat, apples, bananas and other goodies. Put it to the test. Honestly, I think packing is cheaper. Thanks for the reply.
For some people, telling a person who switched to vaping from smoking cigarettes to stop vaping is like telling a crackhead to just stop buying Crack. Yes, you should, however it's an addiction. Not necessarily easy to just quit. Sometimes, better, not best, is the best option at the moment.
Many people prefer the glamor of being broke over the boredom of being wealthy.
Said no one.
Clothes are something people really need to research. Buy high quality clothes (not necessarily expensive clothes) that will last for years. Then the only thing you need to really worry about paying for afterwards for clothes are when they are damaged and need to be replaced or repaired
#22 -- Not on George's list -- Jellyfish Lights. If you didn't see the ad, they're year-round lights on your house where the colors can be changed for different holidays or birthdays or can be just plain white for more security. Never have to get up on the ladder to hang lights again. In this economy, I don't know who's ordering these -- except for the couple in the ad. There are so many ways to better spend or invest that money.
People in our neighborhood are buying them. That's hundreds to thousands of dollars for lights and let's not forget the electric bill!
Doesnt matter what class you are, theres always gonna be a money problem. Mo' money mo' problems." Live your life and try to do it smart and organized at the same time is the message here.
Not true
*Thank you😊 for this video, do you offer account management or have any recommendations?*
As a beginner investor, it's essential for you to have a guide. Myself I'm guided by Mrs Victoria Walters Hayward, a widely known consultant
If you’re using a good manager, it’s easier to earn from the market
I've been trying to trade but I keep making losses and it's frustrating
Could you suggest a consultant for me?
VICTORIA WALTERS HAYWARD is exceptionally good, i believe you should give her a try
I borrowed $5032 to buy my brand new 2001 Saturn that cost $15,600. $5,032, for 3 years, at 1.9 percent interest. Paid it off early. Paid $148 in total interest. I was NEVER upside-down, and I still drive it in 2024.
I only make around $31k a year, so I will absolutely have to finance a car when I can get it since I need one now and wouldn't be able to wait two years or more to pay outright, but I am making sure to avoid any other sort of payments I don't need. In reality though, most people cannot afford to pay outright and our society makes it darn near impossible to live without a car.
I bought a really nice car for $2800 bucks a 2012 Impala. Then I bought a 2003 Caravan for $1500 and have put over 30k miles.
You can buy a vehicle cash.
@@FadeToBlackLLC but it takes time to save even those amounts before you can purchase a car. And what if you have get repairs bc the car isn’t new?? What do you suggest then?
@@zeemar4154 just as I did, have money saved. I didn't spend every dime I had. I bought what I budgeted for and had enough to get the repairs done. It might take a little more work but I've done it plenty of times and I don't even think about it anymore. I guess it helps to know people that can work on cars so once again you plan.
I liked that intro lol nice little twist on the basic call to action, charming, caught my attention without being annoying either.
Love this video. Just taught a financial literacy sessions to teens, and this is definitely a light hearted way to get the point across.
I bought a Mercedes 7 years ago and it was a wonderful purchase. I paid extra and paid it off early. I have had few problems with it , it had almost 180,000 miles on it and still rides like a dream.
Catastrophic medical debt is the actual problem
I've avoided that and trust me I've been cut wayy too many times. Either get private medical insurance or like me being poor, get Medicare & Medicaid.
You have that right.
@@Sue-xv8osMedicare is for anyone over 65, not for the poor. Medicaid is for the poor.
BALANCE,
Some impulse purchases as fine
Sometimes eating out is fine
. It’s all about balance
Ever notice how the haves tell the have nots to just shut up and accept it. According to this dude, you should go to work, come home, cook food, do nothing, go to bed, and repeat. I can't help but notice he has some fancy guitars hanging on the wall. How are those helping him with his financial goals? That sure is a nice backdrop, but green screen is much cheaper.
You get what you want AFTER you saved to get it.
Also, that's a fucking fake backdrop lol. It is a green screen.
@ajspice I got a Fender Jazz Bass using a credit card gasp...... I had it so if I paid it off with in a certain time it was 0 interest. I paid it off early by setting up automatic payments 5 dollars higher than the monthly minimum. I got a dream bass for retail price. But I did it in a wat that improved my overall credit score. But I'm sure this guy would call me irresponsible for enjoying my life .
Yeah that’s why is important to not rely on these fake ass gurus
My tip. If you want to travel on a budget, be willing to use the cheap airline, use a travel backpack to avoid luggage fees and go from Thursday to Saturday. Stay at a budget hotel that includes free breakfast. It really saves a lot and you can have a great time.
How do you classify eating out? I use Subway coupons and get a 6 inch sub for less than $4 is that wasteful ? I don’t feel like there’s much I can prepare at home for less than that.
Damn! Sounds like I’ve been sleeping on subway coupons! That’s a steal!! I usually pay about $10 for a 6 inch sub and u think it’s more if I add bacon
@ yeah I get the coupons use the app. I’ve been doing it for a couple years
or you could eat at home and spend money on education. or keyboard skills. “I can prepare at home for less than that.”
@ very good tip thank you
I do most of these things mentioned in this video. Another good one is no alcohol, no illegal drugs and no cigarette smoking. Make being healthy a top priority 🌿🤑
The average American spends $300 every month in restaurants?! That’s nuts haha. 🇨🇦
Easily
I've been to a sit-down restaurant about 10 times in the past 5 years. So averaging 60 usd each time. So for me personally it's been about 10 dollars a month over the years. But I do however enjoy cooking as does my partner and we use our kids as free labor for food prep haha.
I worked hard all day, so I deserve a treat! Two restaurant meals every workday (if not 3) and at least one Saturday and Sunday. Plus, three or four vending machine treats every workday. That is 28 restaurant meals, minimum, a month. $300 is cheap. Of course, buying whole food at the grocery store and preparing meals at home is a lot healthier and cheaper.
Yeah, I spend about $30-$50 on average a month eating out. I only do sit-down places for special occasions like birthdays. I could afford to eat out way more often, but I just don't, I don't see the value, and I don't really have expensive tastes when it comes to food.
I haven’t spent $300 in 10 years 🤨🤷🏻♀️
I wish we could cut the cable but we’re old and can’t figure out how. We tried a few years ago and got UA-cam TV then couldn’t find anything on it.
*I wasn't financial free until my 40’s and I’m still in my 40’s, bought my third house already, earn on a monthly through passive income, and got 4 out of 5 goals, just hope it encourages someone's that it doesn’t matter if you don’t have any of them right now, you can start TODAY regardless your age INVEST and change your future! Investing in the financial market is a grand choice I made.*
That's awesome!!! I know nothing about investment and I'm keen on getting started.
What are your strategies?
If you are using a really good broker or account manager, it's easier to earn from the market
Investing with an expert is the best strategy for beginners and busy investors, as most failures and losses in investment usually happen when you invest without proper guidance. I'm speaking from experience.
How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?.
I recommend HENRY E ABAGNALE
"Long john silver to.long john gold"😂😂😂
A trend I've noticed is people rather be covered in tattoos and piercings than having reliable transportation, along with buying food from the cafeteria at work rather than packing their own lunches.
The horror is when you realize some subscription services still force ads down your throat even when you pay for them
Good stuff George!🍌 "Fake rich, Real Broke"😂
Love the Old McDonald insert!
I set up a $50 per week eating out budget and now I rarely spend it just knowing I had to be accountable to my budget psychology made me think twice before swinging into a fast food place or restaurant! We save over $500 a month!
George was in a real funny mood today. Made me laugh several times in the first minute.
I just love cable TV so much.😮
Having kids keeps people broke too 😅
Can you please provide links to purchase the products you mention? Thanks
Things keeping me broke:
NVGs and suppressors
like and subscribed right after the video ended. this content is amazing! way to learn somethings about money and lifestyle changes. thank you sir George!
rent, groceries, tips, fashion, technology
When you were talking about designer baby clothes you said “that’s enough B’s for the day” but then you went on to say about 49 more words that start with B
If I had $360k I would invest $100k in tech & $260k into dividend stock with a proven track record to grow with capital appreciation & dividend increase year over year
Adding JEPI and JEPQ are smart additions in my opinion. As for staying committed to higher-risk investments, it's all about balancing your risk tolerance with your long-term goals.
The market is not necessarily a rollercoaster if you know your way around the market, there are various opportunities in the present market to accrue good profit, If you are not too savvy with the market, just buy and hold on strong companies with good earnings, or consult with advisors on ETFs and actively managed funds. that’s what works for my spouse and I. We've made over 30% capital growth minus dividends.
I've been looking to get one, but have been kind of relaxed about it. Could you recommend your advisor? I'll be happy to use some help.
Finding financial advisors like Stacy Lynn Staples who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an email shortly.
There are some fantastic "free stores" around here and always loaded with things from yard sales, estate sales, auctions, donations, constantly coming in. Coats, dishes, books, toys, clothes, shoes, decorations, hats, jewelry, scarves, prom dresses, greeting cards, sheets, lamps, DVD's, belts, diapers, CD's, formula, rubbers, candles, ovenware, you name it, all free.
Local library or DHS would probably know about where to find one near you because they're popping up all over.
A lot of these are great. I would love for you to show one time how app games are intentionally developed to get you to spend without thinking about it. Love the advice on everything else as well.
The music plays at a certain beat and sound level, certain colours at the right time, we also like three letter slogans.
I was guilty of doing when I played Candy Crush 😅 I haven’t played that thing in years because the game is designed to make you spend money to progress further into the game
Thanks for making the whole video a giant advertisement board.
Good video and team, thank you.
2 things. Extended warranties have actually helped me. It’s a matter of pick your poison. With me, TVs. And I’ve used every one of them and had my tvs replaced. And car lease. My husband leased his ram only because he wanted to make sure he loved the truck. And you’re not stuck at the end with nothing. You do have the option to buy it out at the end, which we did. Spent $10k in the front end in payments, wrote a check for $21k when the lease was up. So, there is wiggle room with very few of these scenarios
You need to listen to Dave Ramsey lol!
@ why? I’m debt free
How about just living…actually living…your life…being sensible but not ridiculous as you drive your old,under-insured car with your long, un styled hair blowing in the breeze as you head off to the used clothing store…uh…no…just living within sensible guidelines but not “worrying” about normal expenditures…staying in, cooking everything, counting the money I’m saving for I’m not sure what since apparently I’’m not supposed to spend any of it, etc, etc does not sound like a life…it sounds like a life sentence!
George is the boss!!
OMG. I spend less than $25 a MONTH eating out!!! What the heck, people? And I only spend that because I am part of an author's group who meet at a restaurant and we need to spend $150 as a group in order to reserve the room. Yikes! For two people each month, including cleaning supplies, toiletries, those types of things, and a lot of organic, but zero meat or dairy, for three years running, I spend less than $528 a month for two people. That's 8.68 a day each person, including cleaning supplies. Think about that -- month after month after month of what people spend on food and cleaning supplies and toiletries. (I see this site, when a budget is suggested, spend way too much in this regard. Get INVOLVED in your food.) My guests love my cooking and no one has ever left hungry or wanting! Hubby is 70 and I'm 66 and we take no meds. Eat at home people and eat your veg and beans! I challenge anyone to beat the nutritional and satisfaction value of my food. Geesh! (I meal prep every three or four days--batch cook beans, veg, salads, casseroles, lunches.... and also make breads and ferments. My CHOICE to spend my time on my health. I also have a veg patch in my urban yard. And further, if you did a time study, as I have, it's actually FASTER to batch cook as I do than it is to go out to eat. One further note, I am a former personal trainer and holistic food coach.)
CHARLIEEEE MURPHYYYY!!! what did the five fingas say to the face!?
Rip Charlie and Rick
SSSSLLLLAAAPPPP
I found this video in recommendations and after watching it, you earned a new subscriber.
I don’t get the people buying the latest new color of Stanley tumbler mug thing…
Yeah, someone at work has tons of them. She was deciding whether to get the lastest holiday design or not. ....I don't get it.
@@thetaekwondoe3887 haha! People are crazy!
I have 2 black hydro flasks, a 21oz and a 32oz both black, ever since I bought my first one back in like 2018 I have saved so much money on water bottle. I carry them with me all the time in my car, to work, gym and hiking sadly my 32 oz was stolen in the gym last year so I had to purchase another one still better that buying water bottles all the time
@@karmel896 I'm too lazy to wash them all the time. Saw a video on one lady who didn't wash them and was getting sick. Finally opened it up and it was growing mold inside and she was getting sick from that. Thanks, but no thanks. I mean, I get having one or two, but collecting them is ridiculous.
@@thetaekwondoe3887 bro just wash it once a week takes a minute or less, if you’re to lazy to that than idk what else to tell you
Disagree on the bamboo baby clothes - they stretch tremendously so they fit for far longer than other fabrics. I have a pj onsie 18 months that my son started wearing at 12 months and still fits in at 2.5 years. And they’ve made their way to Walmart so they’re not as highly priced as they used to be.
Okay, guys, not broke person here (can also claim this dude's millionaire status but it means nothing in 2024). But have had to use food banks at one point.
The #1 thing is avoid debt or pay it off if it's already happened. Start with making the most amount of repayments on the highest interest debt, then move on, always putting the same total amount on debt until it's gone. Ans then that money is savings.
Good used cars cost as much as an average new car. They last longer and cost less maintenance. Leasing is actually great if it comes with tax breaks and includes all ongoing costs. Our novated lease car (Australia) costs less each month than maintaining our second car. So yeah, I don't have anything at the end, but also, my used car was worth less than that.
Don't go bear bones on impulse purchases and eating out. Budget for it and use cash. If you can see the money you're spending you'll think a bit harder about it. Just because you are struggling doesn't mean you don't get to live.
Low quality brand names are a nah, but so is fast fashion that falls apart. Mid range priced, high quality designer on sale is the way to go. You'll have great clothes that last and you'll spend less in the long run.
Vices are vices. Instead of just not buying cigarettes, look into a longer option that will help you give that up for life - therapy is the best, but headspace is a cheap option to get you started.
My friend paid 100k (AUD) for a Tesla and couldn’t even get 40k resale 12 months later and it was in excellent condition.
Designer clothing is easy to get... at Goodwill!
If you can find it in your size buried under all the fast fashion. LOL
This guy is awesome!
I’m not judging but is that a quartz Rolex on your wrist? Very nice!
it was inherited from a grandfather
@@mrsh2167it’s a great timepiece!
that was a great video George. i just hope you and Rachel agree on the water bottle purchase, haha!
I am a former kindergarten teacher. I used the money song by Jack Hartmann ALL the TIME! I giggled when I saw it in your episode! Love your channel!
What do you propose for a car then? I currently own my car but it has costed me so much to get things fixed and may not last much longer. I can’t wait to save the money it’ll take to buy a car outright because I need transportation. So I was thinking about leasing.
Costed?
Love your videos but Tesla stock is going up currently
My husband died at 30 years old. Cannot begin to tell you how much I am glad we did not deny our self every pleasure to make some future date goal... use your money wisely, but don't put off living
I love your content. BTW I'm glad to see you're all grown up wearing a big boy watch. Feel the freedom from technology.
George, you’re hilarious 😂
😂
Every restaurant is full, every night of the week around here. I can believe it keep going.
The nearest town to me has a population of about 5,000. The county is 900 square miles, total population of about 21,000. No other town of size within 25 miles. There is about a half mile stretch, six fast food businesses and several restaurants. Only two stores to buy groceries, Walmart and a local. There are several other coffee shops and restaurants in town. They all have been in business for years and they all are busy. It's a poor county by most of the state's and nation's measure. But the fast food shops are booming. McD's just rebuilt, tore down the old and put up a completely new store.
People seem to work just so they can eat at McD. I don't understand it.
@@USMC6976 MackDonald's accepts EBT!
@@GoldCountryTrapping yep! It's crazy. We do a date night once a month, and a family restaurant outing once a month. Everything else is made at home. Including our sauces, bread, tortillas etc.
Hit 240k today. Appreciate you for all the knowledge and nuggets you had thrown my way over the last months. Started with 24k in August 2024.,,..
I will be forever grateful to you, you changed my whole life and I will continue to preach on your behalf for the whole world to hear that you saved me from huge financial debt with just a small Investment, thank you Jihan Wu you're such a life saver
As a beginner in this, it’s essential for you to have a mentor to keep you accountable.
Jihan Wu is also my trade analyst, he has guided me to identify key market trends, pinpointed strategic entry points, and provided risk assessments, ensuring my trades decisions align with market dynamics for optimal returns.
Jihan Wu Services has really set the standard for others to follow, we love him here in Canada 🇨🇦 as he has been really helpful and changed lots of life's
I'm favoured, 90K every week! I can now give back to the locals in my communities and also support God's work and the church. God bless America,, thank you Mr Jihan Wu😊🎉
Waking up every tenth of each month to £210,000 it’s a blessing to I and my family… Big gratitude to this same Jihan Wu🙌
The guy with a Guitalele on the wall wants to teach the rest of us about impulse spending.
Why’d you get “got” if you finance your phone? There’s no interest on the phone.
I was coming to ask that same thing. You either pay the $999 today or just pay it over the life of the phone with no interest. That means more money in your account right now. Seems like a no brainer to me.
Agree.
Even after becoming financially free, I still avoid such financial mistakes, except for eating out (this is something I can easily afford).
My three Japanese top cars (all paid cash) cost me less than only one German car of my neighbors etc.