Important money lessons that made my life easy
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- Опубліковано 27 вер 2024
- The 7 crucial money lessons I wish I knew in my 20s that have made building wealth so much easier.
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In this video:
00:21 - More money doesn't equal financial security
01:36 - Be clear on what is enough
03:53 - Building wealth is boring
05:18 - Know what you owe
06:27 - Be flexible
07:15 - Organise your stuff
07:56 - Immerse yourself in money conversations
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I’m not a licensed financial adviser. These videos are intended for educational purposes only. No official financial advice is being given. Please always check with a licensed professional before making any investments or financial decisions. Your investments are your sole responsibility, and in these videos, I merely share my own opinions with no guarantee of gain or losses.
My main message would be prioritise savings over spending money and keep yourself away from unnecessary spending.
Yes totally agree 👍
I do think it's important to plan for something to enjoy & work out a budget for it. Like I want to do X in February 2025, and then set aside $ every paycheck for that.
@@sallysnodgrass2863 yes so agree, you have to prioritise the things that really matter to you. I’ve got a girls’ trip to Portugal coming up that I’ve planned and budgeted for because it’s important to me!
Indeed😊
@@TheMummyBubbleI’m actually American not British like you btw
Im 67 and still learning! Great tips.
Thanks so much for watching
My favourite lesson came from the book Simplify Your Finances, Multiply Your Wealth, which suggests splitting the money you save into pots or accounts that cover every area of financial life so you can save both for the big stuff and the smaller fun stuff as well as your long term goals, but you don't buy what you are saving for until you have the money and it's easy to remember what they are because it uses the acronym magic.
Great idea! really good way to get organised.
I really enjoyed yr video Vicky. Money can be saved and spent wisely no matter what u have....😊😊
Absolutely true ❤
Great video Vicky👍🏼
Thanks so much, really glad you liked it. Let me know if there's anything in particular you would want to see covered in future vids x
Great advice as always Vicky! Thank you!
Thanks so much for watching!