12 Rules For (A Frugal) Life
Вставка
- Опубліковано 16 чер 2024
- 💵 Create a free Budget - Sign up for EveryDollar today! ter.li/ubldyt
About this episode:
Move over, Jordan Peterson. I make the rules on this channel. These tips for frugal living can help you save money, live simply, and make smarter financial decisions.
Next Steps:
📗 Order George Kamel’s new book, Breaking Free From Broke. bit.ly/48d7So4
▶️ 17 Things Frugal People REFUSE to Buy: • 17 Things Frugal Peopl...
Offers From Today's Sponsor:
This episode is sponsored by Tello, a mobile service plan designed to save you money. Go to www.tello.com/George for $5 off your first month of Tello’s unlimited data plan.
Listen to more from Ramsey Network
🎙️ The Ramsey Show ⮕ ter.li/nrgexc
💡 The Rachel Cruze Show ⮕ ter.li/gyh9k6
🍸 Smart Money Happy Hour ⮕ ter.li/ruezqk
💸 The Ramsey Show Highlights ⮕ ter.li/yc3i4v
🧠 The Dr. John Delony Show ⮕ ter.li/sii4ha
💼 The Ken Coleman Show - Highlights ⮕ ter.li/nbekmn
📈EntreLeadership ⮕ ter.li/81tcjn
Ramsey Solutions Privacy Policy
www.ramseysolutions.com/compa...
I’m on baby step 1. I’m sick of paycheck to paycheck. Next month I’ll be on step 2.
It’ll change your life. Keep at it! It’s worth it.
Rooting for you!
Thats awesome. Keep it going! Best decision of your (financial) live!
Let's goo!
This is the way
Success depends on the actions or steps you take to achieve it. Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Financial management is a crucial topic that most tend to shy away from, and ends up haunting them in the near future.., I pray that anyone who reads this will be successful in life
Starting early is simply the best way of getting ahead to build wealth , investing remains a priority . I learnt from my last year's experience , I am able to build a suitable life because I invested early ahead this time .
If you lack market knowledge, your best bet is to seek advice or support from a consultant or investing coach. Contacting a consultant may sound simple, but it's how I've managed to stay afloat in the market and increase my portfolio to roughly 60% early this year. It is, in my opinion, the best way to get started in the industry right now.
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?
Rachel Sarah Parrish is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.
I appreciate it. After searching her name online and reviewing her credentials, I'm quite impressed. I've contacted her as I could use all the help I can get. A call has been scheduled.
George is quickly becoming one of my favorite money people. I love some good dry humor. Almost done with his book “breaking free from broke”
He's got his own style that fits with the Ramsey platform, but also stands alone. Feels like he's best positioned to carry Dave's mission forward another 30 years. 👍
I'm always cheered up when I watch George. He's one of the only influencers we really need.
Loved ❤❤ when you recommended selling the horse because the horse “Doesn’t even know your name!”
THAT'S the title. I saw it on one of his other videos but forgot the title. I may pick that one up. I'll read it myself, of course, but someone I know needs to read it as well.
Some of his advice is questionable or inaccurate but he is entertaining to watch, mostly just reassures me I'm doing everything right.
It's depressing how hard life has gotten for people in this generation. I wanted to know what to do with some money I had. I utilized a portion of it for my online store, but that failed. My biggest issue is how to prevent my $300K stock portfolio from declining, but I'm not sure which direction to go.
It's not difficult, but you have to learn and handle. you should hire a CFP to help you diversify your assets to include ETFs/index funds/mutual funds and stocks of companies with consistent cash flows, rather than betting on penny stocks.
Having an investment advisor is the best way to go about the stock market right now. I was going solo, but it wasn't working. I’ve been in touch with an advisor for a while now, and just last year, I made over 80% capital growth minus dividends.
This is definitely considerable! think you could suggest any professional/advisors I can connect with? I'm in dire need of proper portfolio allocation
Monica Shawn Marti is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
Thank you so much for your helpful tip! I was able to verify the person and book a call session with her. She seems very proficient and I'm really grateful for your guidance
Since some are frugal with their time, here is the list for those wanting to get to the point:
#1 Research Like Your Wealth Depends on It
#2 Buy Quality Now to Avoid Buying More Later
#3 When Your Back is Against the Wall, Sell the Horse (Drastic Times Call for Drastic Measures)
#4 Broke People Pay Interest. Wealthy People Earn It
#5 Always Be Knowing Where Every Dollar is Going (Every Dollar in your Possession has a Job)
#6 If You Fall for the Trends, You'll Fall for the Traps
#7 Pay Cash Now or Don't Buy Now
#8 Never Spend Just to Save
#9 Save for the Future, But Don't Lose Your Mind
#10 You Can't Save your Way to Wealth (Invest Consistently)
#11 More Stuff Won't Make You More Complete (If no one ever sees this, would I still buy it...?)
#12 Solve for Freedom (Get rid of clutter, honor your mind and body, owe no one anything, practice gratitude, etc.)
Bonus Rule: Be Generous
Thank you. George is exhausting - It's like 90 seconds of good advice and 13 minutes of insufferable dated pop culture references and non sequiturs.
I think George does a nice job of making his points quickly. I’m fine with his style. Thanks for this handy list! I do think he missed the one about avoiding waste.
@@delta.001a1true😂
god loves you...
@@delta.001a1 agreed. i want information, not infotainment. i wish the entire crew provided a transcript. it's not just them. i hate banter. i just drift off and have to ''rewind''.
Managing money is different from accumulating wealth, and the lack of investment education in schools may explain why people struggle to maintain their financial gains. The examples you provided are relevant, and I personally benefited from the market crisis, as I embrace challenging times while others tend to avoid them. Well, at least my advisor does too, jokingly.
Investors should exercise caution with their exposure and exercise caution when considering new investments, particularly during periods of inflation. It is advisable to seek guidance from a professional or trusted advisor in order to navigate this recession and achieve potential high yields.
This is superb! Information, as a noob it gets quite difficult to handle all of this and staying informed is a major cause, how do you go about this are you a pro investor?
Due to my demanding job, I lack the time to thoroughly assess my investments and analyze individual stocks. Consequently, for the past seven years, I have enlisted the services of a fiduciary who actively manages my portfolio to adapt to the current market conditions. This strategy has allowed me to navigate the financial landscape successfully, making informed decisions on when to buy and sell. Perhaps you should consider a similar approach.
this is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’ Melissa Terri Swayne” for about five aiyears now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
Great video, I've been interested in investing ever since I came across articles of people making up to $150,000 and more in this period, thanks for the video but is it really possible for a retail investor to achieve this in months?
I've purchased numerous stocks in individual firms. Because there are so many stocks that will skyrocket in the long run, it is currently safe to buy in on ETF and ride it out. Due to fud, I sold out early, but then retraced my ways and re-invested $350,000 with a financial advisor who manages my account. I received an 82% return last year and will see where it goes this year.
that's quite impressive, you surely made a good bit of money. I myself invested in warren's BRK-A stock quite pricey but totally worth it.
I just started a few months back, I'm going for long term, I'm still trying to wrap my head around it, who’s this advisor you work with ?
'Carol Vivian Constable’is the coach that guides me. She’s a verified coach and she helped me see that returns can be made in both bull and bear markets. She covers things like investing, insurance, making sure retirement is well funded and looking at ways to have a volatility buffer for investment risk, lots of things like that.
Credits to 'Carol Vivian Constable' she has a web presence, so you can simply
I love the "Buy nice or buy twice" moto
Buy once cry once 😊
My friend always said, buy cheap buy twice. Same thing I guess.
Here you go.
1. Research like your wealth depends on it.
2. Buy Quality now to avoid buying more later.
3. When your back is against the stall, sell the horse.
4. Broke people pay interest, wealthy people earn it.
5. Always know where every dollar is going.
6. If you fall for the trends, you'll fall for the traps
7. Pay cash now, or don't buy it now.
8. Never spend just to save
9. Save for the future, but don't lose your mind
10. You can't save your way to wealth
11. More stuff won't make you more complete
12. Solve for Freedom
Thanks, video was a waste of time I've heard all this before
On baby step 2. I have 1300 saved. I paid off 4 out of 5 credit cards like a maniac. I turned so frugal everyone makes fun of me. Next I’m going to pay my upside down car loan off that I totaled last year.
Keep it up bro!!
Awesome!!!
So proud of you! Keep going😊
You go girl!!!! If you are a girl 😂
Good job John Snow.
I'll drive a 20 year old vehicle, but I'm not giving up my horse.
As a pet owner as it comes a day where the quality of my pet's life is going down because I can't afford them then I Get them to someone who can
Mine is 8.5 yrs old. A Honda. 40K miles. It’s been a solid performer.
"You can take the kids... but you leave me my monkey..."
I’m on baby step 4. Currently looking to buy my first house :)
Location location location
Woo, you got this !!
Congrats my boy
Buying when interest is insanely high.
7.25% interest?
#5 Calling it a spending plan instead of a budget is so helpful for so many. Budget feels like a straight jacket and constantly saying NO to yourself where spending plan feels much more happy and free.
Great video, I have a quick question. I am an aspiring trader, I am looking study some traders and earn off their expertise rather than investing myself and lose money emotionally. Whats your take on copy trading? Do people really make money? Just looking for some reassurance.
Thank you!
Focus on long term investments in property, stocks, and bonds. Avoid copying, daytrading and 'chart astrology'. Diversify across different geographies, industries, and value chain stages - to reduce your risk. You can do this with ETFs, or by selecting different stocks yourself. This is the best way to invest for more than 90% of people
Even with the right technique and assets some investors would still make more than others, as an investor, you should’ve known that by now, nothing beats experience and that’s final, personally I had to reach out to a market analyst for guidance which is how I was able to grow my account close to a million, withdraw my profit right before the correction and now I’m buying again.
It is essential for you to have a mentor to keep you accountable
1. Limit your spending/cut off retail therapy
2.Put the extra cash towards investing in high yielding or steady investment.
ANGELA LYNN SCHILLING' is her name. She is regarded as a genius in her area and works for Empower Financial Services. She’s quite known in her field, look-her up.
Why in seemingly every Dave Ramsey video, there are canned questions and canned responses schilling some trader or financial planner that will get people rich, quickly?
Great video. We are all seeking for financial independence and a better way of life. This is not difficult to achieve with savvy investing, a frugal lifestyle, and cautious budgeting. I'm glad I learned early on to work hard for financial independence.
In my opinion, making a smart investment is not only a technique for earning passive income, but also a profitable way of saving for future expenses. People who fail to make the proper judgments early in life often come to regret it later in life. Nonetheless, investing alone can be difficult and risky. As a result, I recommend obtaining expert assistance (financial advisors). The challenge is not just watching videos and reading investing books; it is about implementing information effectively.
Sincerely, your remarks have genuinely inspired me. I'm highly interested in investing and have a substantial sum of money that I'm willing to invest with the appropriate information. My greatest worry is losing money on a bad investment. As a result, I'm eager to hear your comments and ideas on how to invest intelligently.
I have not written this sort of comment before but from the your comment, I knew that you have good understanding of investing, How can one reach this person of yours?
She goes by ‘Jill Marie Carroll’ I suggest you look her up. To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did.
Thanks for sharing. I curiously searched for her full name and her website popped up immediately. I looked through her credentials and did my due diligence before contacting her.
Your first point REALLY applies to people taking up complex hobbies (such as amateur astronomy, which I write books about). ALWAYS get the knowledge before you buy equipment. If you don't enjoy getting the knowledge, you don't enjoy the hobby.
On the buying quality point-with our tight budget I’ve learned that for certain items it’s better to look for a higher quality item second hand rather than a new item of lesser quality. I stay within our budget, but still have the advantage of the better quality item. Also, there are so many times where we can live without or borrow an item from friends/family rather than buy more stuff.
The next title of George's book should definitely be, "Frugalicious!"
These guys made me realize how ridiculous it was to pay on a credit card plus interest for something I bought months ago. Especially if it was dining out!
You didn't realise this yourself..without help?
Paying interest on food you've already eaten....and shit out.....is about the biggest waste of money you can do.
Thanks George! Your vids are so fun and funny to watch, but always have that great takeaway!
As a 23 year old only making $36k/year, almost done with baby step 3, this gives me hope for my future. Just gotta find a way to increase my income. Thank you George for the advice! (Especially avoiding debt) You have no idea how many lives you’re saving from financial nightmares
"Only do a 15 year mortgage...and pay it off early if you can"
Thanks, George. Only good joke in the video but it was a slapper.
as a Horse retailer, I'm going to call in the show and give you an ear full.
I dont know what it is but I have more enjoyed George's method of presenting content as of lately. Not the video editing but George himself. Keep it up!
Thanks Jeremy!
I love the library background. Really enjoy your videos, George!
@GeorgeKamel I love your channel. I do love the desk setting better, but that is just me being picky. Love what you're doing. Keep it up.
Love your bonus tip. ❤️
I have Cole Haan shoes purchased in 2014 that I still wear. And I also have that exact H&M disposable, single-use cardigan, complete with a hole in the sleeve.
Dont use the sinking fund for tires. If you need em you are risking a lot more by waiting. Get used tires to hold you over. Having a blowout on the interstate or hydroplaning into a telephone pole costs a lot more than a set of tires.
You know what they say, George, French Bulldogs are the just the new mini horses. Sell the………..what?
I refinanced my house at 3.5%. I don’t plan on paying it off early because I make 3x that in my retirement account, so paying it off early would seriously damage my retirement account.
I use credit cards to buy what I can afford, accrue points, and pay it off before being charged interest. I then use the points for gift cards. Free money.
George- seeing your baby on the Ramsey Show today made my day. So happy for you and your beautiful family!
Thank you! It was a sweet moment
Thanks for the awesome videos George 🥳🎊
really awesome info thanks man !
If you’re not in the financial market space right now, you are making a huge mistake, I understand that it could be due to ignorance
The daily jesus devotional has been a huge part of my transformation, God is good 💯💯🙏was owning a loan of $47,000 to the bank for my son's brain surgery (David), Now I'm no longer in debt after I invested $12,000 and got my payout of m $170,500 every months, God bless Tracy Britt Cool..
Hello how do you make such monthly ?? I'm a born Christian and sometimes I feel so down of myself because of low finance but I still believe in God.
She is my family' personal Broker and also a personal Broker to many families in the United states, she is a licensed broker in the United States.🇺🇸
After I raised up to 75k tra d ing with her I bought a new House and a car here in the states also paid for my son's surgery. Glory to God.shalom.
Wow that's nice She makes you that much!! please is there a way to reach her services, I work 3 jobs and trying to pay off my debts for a while now!! Please help me.
😢
Excellent job George! You get an A+
Hey George just wanted to thank for all the guidance and inspiration, I've paid 22k in student loan and CC debt with only 1k left to pay ready to cancel my CC and start baby step 3. Thank you so much!!
Be careful about canceling a credit card. Just don't use . Don't cancel it.
Like the chair and library setup… versus the interview-style desk setup.
Same here!
To each his own, I liked the other, it felt more real and casual, this feels more, "talking down" and pretentious
That's an unusual bookcase behind him.
I've been writing in asking them to talk about Boots Theory forever and this video makes me finally feel heard.
Went to the grocery store today and needed to buy some almonds to take on a trip. Would’ve saved 30% on a second container, but I didn’t need a second container. So I didn’t buy it! Money saved! 💪😂
Thank you. Blessings to you.
Re #2: If I need a tool or something I am not sure will be used daily I will buy cheap and if it breaks that generally means I use it a lot and I'll buy quality after. It has saved me a good chunk on tools that I only ended up needing occasionally.
Thank you! Switching to Tello from T-mobile. Was paying $42/month
“You ain’t frugal if you ain’t using Google.” 🤣😂 love it!
Always enjoy your vids! I'm working down my debt snowball and packing a lunch daily to work saves $40-50 a WEEK!! That's $160-200 a month I get back in my pocket...to pay my debt collector 😂
Keep going! Eventually you’ll be paying your future self instead of your past self.
I haven't ate out in close to 35 years (approximately around 1986) for lunch. Who the hell want's to have a nice meal and then go back to hell....excuse me, work? Waste of MONEY. If you do do it, don't drink on lunch...you'll only get into trouble.
"Buy the fancy boots", I wonder if he's referring to the "Sam Vimes Boots" theory. In any case I agree with the buy it for life theory. I spend so little on tools, clothing, electronics, etc because when I do buy I get well built items. And they aren't necessarily the most expensive items.
For me the "spend more when using credit cards" bit doesn't work. If I have cash it's money I've taken out of savings and I just feel like it's ok to spend it because I know I have it - it's right here in my hand. If I'm pulling out the plastic though I know that's money that's going to have to come out of the bank account or I'll (shudder) have to pay interest. I'm way more frugal with a card than I am with cash. I can go months without putting anything but absolute necessities on the card but if I've got a few hundred in cash every shiny thing I see is a temptation.
Nice work, Kamel toe
Rule number 1 hit the spot. Thay background look luxurious. They probably bought it after research the best installer.
I lives frugal lifestyle my entire life. My parents were frugal. It is an easy lifestyle if you are a humble person and know how to prioritize things you will be just fine. It is not easy though for people who don’t know how to manage money though. So it really depends on the person.
My family is letting me stay at home after graduation to save and invest most of my income I have no loans either. I am paying $500 a month but I also will help them when they need me they are retirees. This doesn’t mean I won’t treat myself or my family. I will do so with moderation. The good thing about living frugally is that you learn how to live on way less than you make and still live in a great way.
It helps to have parents who were WISE enough to teach you how to be frugal. Mine are....and I am thankful everyday for those basics I was taught. I am EVEN more thankful God blessed me with a wife WHO THINKS THE SAME AND WAS RAISED...the SAME WAY.
@@user-tl7mj2bm4m Now that my friend is a blessing. A woman raised with these principles is really rare. I am extremely happy for the two of you! Wish you the best!
Like your videos with humor.
Great advice as always
Good on you for sticking to "sell the horse". You can't be holding onto your expensive hobbies into a foreclosure.
My wife kept her horse after we got married, and then stopped working. She said having horses was non-negotiable. I always resented that she expected me to pay for her horse hobby for over 13 years, despite us having large credit card debts. I kept a mental tally of the cost and worked out we could have saved $100,000 and bought a house. I once sold my car to pay off a credit card and she used most of the money to buy a new saddle. Horses are a machine that convert money and grass into poop.
Excellent content
I'm on step 3 😊
A new day target cardigans last me forever. I even bought used from poshmark. Love it😊🎉
Excellent video! Thank god I learned these as a young adult but I wish I saw this type of video as a freshman in high school! Great financial and life tips.
George, can you make a video on how to start investing/stock market? For those of us who would like to start😊. There are a lot of UA-cam channels talking about investing, but never mention the actual steps to start.
Excellent breakdown of frugal living principles! Emphasizing quality over quantity and being mindful of everyday expenses are timeless tips that pave the way for financial stability and peace of mind. 👍
new setup goes hard
Oh my goodness. This was hilarious and informative. George is the Mr Beast of frugality. 🔥🤣
Sensational
George, you need to find another town to pick on besides Branson! It’s a beautiful place to live with a low cost of living, and the tourism here helps support my family. Yeah, it’s not for everyone, but neither is Las Vegas. Come visit, George, instead of Branson bashing! Thanks 😊.
My sister and nephew were at that giant pistachio in Alamogordo, NM just a few weeks ago. They brought me some pistachio goodies and was so delicious. I highly recommend!
I guess I was decades too late to see the giant pistachio. I was stationed there in the late 70's - early 80's. And George -- just run it all together: Alamogordo.
That key lime pie yogurt line hit too close to home. I was so proud of myself I went with the $0.27 yogurts at the grocery store to save money and they were so gross haha
Now this is a video!
George you are so cool!
I refinanced my house at 3.5%. I don’t plan on paying it off early because I make 3x that in my retirement account, so paying it off early would seriously damage my retirement account. Ok
Hi George, I am kind of new to Western finances. Please can you make videos on these 'buzzwords' eg 401k, IRA etc.. bless you
Great job making frugality funny and fun!
That chair is discounted or in the buy it for life list
the last one is the best one !!!
I don't know why anyone would buy anything other than a Toyota or Honda.
Hyundai
Love the Tim Hawkins starbucks bit. Tim Hawkins was my childhood. So many good memories.
I agree that buying quality products is a good saving strategy because you don't need to replace quality things for years to come. I have a yearly budget for clothes and shoes. If I don't spend it, it rolls over into the next year. That's how I was able to afford a Canada Goose coat, which keeps me super warm and comes with a lifetime warranty.
Love you George! “…buy quality now… buy it for life…” should be applied to buying “durable, quality…” furniture from second hand sources. Solid maple, cherry, oak - even pine furniture can be found for pennies. It is durable, high end and bonus - saves so much money. We raised our family of 6 making a cozy comfy home using all second hand sold rock maple furniture. Style is very un-IKEA - and the warmth of natural wood makes home feel like … well Home! Our dining room set complete with 8 chairs, 4 table leaves, a buffet and a sideboard cost $275. at Salvation Army has welcomed our kids and grandkids every Thanksgiving for the past 40 years. We supported the SA programs, gave longer life to beautiful furniture to save it from dumpsters, while enjoying a budget saving bargain that has served happy memories and delicious food since 1989. Highly recommend furniture thrifting to save thousands!
Buying expensive, good quality shoes will be cheaper and better for you. Same goes for tires for your car, and your bed. Dont cheap out on what separates you from the ground is what my dad always told me!
you had me at "Frugalicious" great content.
George cracks me up! I agree with your mom though George, smile more! 😁
For step 2 I will buy the cheapest version if Im unsure if I want it or not. If i like it and it breaks then I'll get the good one
New favorite saying - "Whatever flips your flops" 😂
I need a montage of horses pranking George
I was considering purchasing a Ford Bronco Badlands, but after seeing the thumbnail, I believe it may be a sign.
I want a ford bronco too!
I almost bought a Bronco Sport Badlands last year but backed out. Looking to buy my first home later this year now :)
@squirtohh you got this. Our generation has such a pessimistic view on the housing market, but anything is attainable if you really want it. I just bought our 2nd home last year, at 25 and regardless of how I felt back then (Anxious) , I know today it was the right decision.
Awe man, but that Bronco Raptor is freaking sweet! 😊
Only if you have the cash
After using your emergency fund I have a hard time replenishing it. Especially if I am planning a vacation. I don’t want to have to then cancel the vacation. It’s a drag.
I'am pay check to pay check because I buy some itens on the card in installments over several months. Probably will be solved at the end of this year
RE; fancy, trending cups. I emptied my kitchen cabinet to find the matching lid to my RTIC (cheap alternative to YETI) 32 ounce steel mug. I refused to pay $10 for a new lid. I knew I had the lid, I just had to find it.
Like the setup, I'm missing a coffee table with some coffee for my man George
Which mattress did you pick? I’m considering Saatva.
lmao i remember hearing that Horse call live. Thank you George Neigh Neigh Neigh Neigh Neigh!!
Still waiting for a collab video with the Frenchie
My clothes come from thrift stores not box stores. We used targeted savings buy all our cars now focused on eliminating student loans by getting more frugal and going back through financial literacy I coach others on to quickly pay thus off! I need remember to tell people how to increase wealth and they are their best investment! Never be frugal on personal professional and financial education!
On that point about buying things that last... we are on our second Purple mattress in 5 years and it's already caving in - and both of us are average weight customers! What King mattress should we go with next that doesn't break $1000?
George!!! This is me!!! I research everything. My husband says I have analysis paralysis because I just have to get the BEST DEAL on everything! I use Mint Mobile and only pay $240 a year for cell phone service, Rakuten when shopping online, and love finding the best travel deals! I love your content!!! ❤😂😊
Nice I can be like that...any tips or site you like for finding international flights?
I pay 0.97%, 20yrs fixed for my mortgage (in germany). So absolutely 0,00% sense in paying it early in my case.
I’m moving to Germany.
@@gingerfication3375 Loan ist from 2021, No Chance to get this interest rates at the moment. I choose 20yrs fixed rate back then, even it was more expensive back then, than choosing a 10yr fixed rate. Best financial decision in my life.
It's from 2021. No chance to get such rates today.
…you can pay it early to own your house and pay off the debt..
@@jrbluedup Thats right from a "psychologig" Point of View. But mathematically it makes no Sense, when i get 4% in a high yield savings Account instead, or even more in my ETF Portfolio.
Have you priced a mattress lately? Ridiculous. Took me 4 weeks to decide on a new mattress. This really hit home.
Can you do a video explaining how compound growth works on stock? Since there is no interest.
2:14 I had to teach a 7th grade math class and I taught them the principle of when to choose quality. I said if you’re buying party supplies that you’re gonna use once, get it at dollar tree. If you’re buying a rug, furniture, something that you want to last a long time, pay more for quality
Please get these sites you are sharing to be part of canada too , americans and canadians should be together on this!
Depends on the interest rate. My mortage is 2.9%. Why would Ipay that off when a promotional interest rate high yeild daving accounts pays more. Even the inflation is erroding this debt.
I have a checking account that I transfer to the same amount I spend on my credit card. I use it to pay the credit card after that way I don't spend money I don't have. I only use the credit card for my bills because the credit card gives me 5% back on recurring payments. It pays me 27 a month 7:34