7 Essential Money Lessons You Never Learned In School (RIDICULOUSLY IMPORTANT)
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- Опубліковано 18 чер 2024
- It blows my mind that you can go to school for 16 or more years of your life, and not learn a THING about how to manage your money. What's the point of going to school so you can get a job and earn money, if you don't learn how to KEEP any of the money you make? Nevertheless, it's never too late to start getting smart with your money. Watch for my take on the 7 essential money lessons you never learned in school!
**ATTENTION: I have a new Instagram and TikTok handle @itsrosehan **
That's my official account, and I will NEVER message you about investment schemes, so please be careful and block & report any scammers posing as me.
TIMESTAMPS
00:00:47 - 1) How to distinguish a sales pitch from quality advice
00:03:00 - 2) How to save money on taxes
00:05:50 - 3) How to talk about money with your friends and family
00:08:15 - 4) How to budget
00:09:38 - 5) The difference between being rich and looking rich
00:12:15 - 6) How credit cards work
00:15:05 - 7) How to build a good credit score
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***FREE DOWNLOAD: The Ultimate Guide to Investment Accounts
Everything you need to know about IRAs, 401(k)s, HSAs, and taxable brokerage accounts. What they are, which ones you need, and where to open them!
www.rosehan.com/ultimateguide
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**BOOKS I RECOMMEND 📚**
I Will Teach You to Be Rich (hilarious how-to book on personal finance for millennials)
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The Little Book of Common Sense Investing (Jack Bogle's classic advice on index funds)
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InvestED (step-by-step, millennial-friendly advice on how to pick stocks like Warren Buffett)
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Unshakeable (this book = courage. blast ALL the fears & misconceptions you have about investing)
amzn.to/2SKyklt
Rich Dad Poor Dad (#1 selling personal finance book of all time... need I say more?)
amzn.to/2SJ6vtx
Think and Grow Rich (the ultimate book on money mindset and wealth consciousness)
amzn.to/37N2adc
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**MY FAVORITE MONEY TOOLS 🖤**
YNAB (I literally can't live without this budgeting app, so obsessed)
www.youneedabudget.com/?ref=Y...
Wise (like Venmo but for international currencies - I use this app a LOT for my life in Mexico)
wise.prf.hn/l/413jE0q
Ledger Nano S (crypto storage hardware wallet, because "Not Your Keys, Not Your Crypto"!):
amzn.to/3Ne37jy
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DISCLAIMERS & DISCLOSURES ❤
This content is for education and entertainment purposes only. Rose does not provide tax or investment advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors. Past performance is not indicative of future results. All investing involves risk, including the possible loss of principal.
This description contains affiliate links that allow you to find the items mentioned in this video and support the channel at no cost to you. Investing With Rose is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to www.amazon.com. Thank you for your support!
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Website: www.rosehan.com
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• 7 Essential Money Less...
The lack of financial education in schools is crazy. Grateful for people like you 🥰
Want to learn more about money & investing?
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I wish I would of had someone like you in my life 15 years ago. Parents need to teach this to their kids.
yeah she looks 15
It’s crazy how we can go so many years without someone telling us how many really works.
The problem is your parents don't know either. Now that you know tell everyone that you can and hope they are listening.
@@brianmason5500 so true
Would have* would of does not exist
I really like how you present your videos. Every time you release a video, I get excited and motivated to learn. You don’t rush with your explanations and you don’t have a bunch of distracting sound effects or visuals which makes learning from you a lot easier!
As soon as I finished the video, i HAD to post up this comment to let you know how much I appreciate the content and you!:) It's insane how we never learned this in high school and college. I'm 25 and even though it's still early for me, it's a shocker. And the fact that you're giving this all for free is so caring. We really do have alot more access then the Kings and Queens of the past! You're doing the world a huge favor! I wish you the best and much happiness to your business and your life! Much love 🙏
I've always said that many of the things that are actually important for everyone to know are never taught in school. Some of the best learning out there is the learning we pursue ourselves. Great info here, Rose. Thanks for sharing it.
I really appreciated this video a lot because upon turning 18 I ruined my credit so I’ve been trying to get it back on track and I really do wish they taught us these tips in school because it would’ve saved me a lot of money and time!!! Also Thank you Rose for not only giving tips but explaining them and correlating them to your personal life so we can relate as well!
Great video Rose! New subscriber here. I personally am working on my financial coaching/educator liscenses. One thing that is really important is finding someone that has a fiduciary responsibility to their clients. Very important topics you went over here. Surround yourself with sound professionals of whom you can rely on to have your best interest.
Rose, Thank You so much for teaching us the Truth about Financing and money as a whole. Thanks for showing us the real truth behind improving our finance's and about the lies were being force fed, Your making us all more aware. Thank You so much! Your my favorite UA-camr on finances! Thanks Rose ❤
You are right with the lack of or no financial education in schools. But it get it coming from a family with no money and a big family. We couldn't budget with 6 kids with parents working min wage jobs. It's crazy how my parents even did it. But it is what it is. Im learning a lot from you. Thanks!
“20’s, 30’s, 40’s, 50’s, or even 60’s”
Me: “or your 17’s...”
I absolutely love your content. Although there are several UA-camrs that offer financial information, not all speak to you. At least for me, the delivery, voice, cadence, educational references & data from personal experiences you do extremely well and that’s why you’re one of my favorite UA-camrs in general & especially for money & financial content. Just AMAZING. Keep teaching; I’ll be listening, changing my mindset & taking action.
Rose, of all the gazillion "essential money lesson" videos out there, this is by far the best! I say that as a middle-aged American that grew up financially illiterate, and have been slowly awakening for decades. I appreciate how you emphasized that it is up to ourselves to take care of our own financial health, and everyone else (except for fiduciary) is after our money. I also appreciate how you advocate to speak openly with family and friends about money. Why is it so taboo to talk money? Maybe that's also part of the conspiracy. LOL! Thanks again, Rose. Subscribed!
Just discovered your channel & I’m so excited because I find you very easy to listen to. I invest in both Fidelity and Vanguard both but did not know how to view the differences - I love your program!
You are doing a good thing here rose, I was old in the game of investing. The young can do well, no high school will teach the real things. The system
I have an acquaintance with a masters in finance and is aVP at a bank and has never balanced her own checkbook. She’s in debt to a degree that blows my mind. In her mind she believes she is living the American dream because in her mind you SHOULD replace your car every two years and if you can afford to pay your credit card minimums and your credit is good enough to keep opening more lines of credit then she’s not really in debt. She IS A BANK VP WITH A MASTERS IN FINANCE!!! We’re preached at that capitalism is bad but really it’s consumerism (but no one throws shade at spending beyond your means). And consumerism is on you the consumer. You have the power to take control of your own money and it’s shocking how many people don’t know that. Thanks so much for videos like these that empower others to take control of their finances.
Completely agree. It really doesn't matter what you make, it's how you spend it. I have a co-worker myself who makes pretty great money (6 figures) but is always damn stressed because her bills are sky high: 4k mortgage a month, $900 car note, $5k monthly shopping habits, eats out 3x a day everyday (she doesn't want to cook), etc. It's insane!
I just recently stumbled upon your channel. This is only the second video of yours that I've viewed. I subscribed after the first video. I wish I'd discovered you sooner. You are amazing....so smart about your field and heart stopping-ly beautiful.
I just wanted to give props where they're due. Keep up the great content. Thanks, Rose.
I love all your advice. I just think you constantly holding that coffee cup is very distracting.
0:46 how to distinguish between sales pitch from quality advice
3:01 how to save money on taxes
5:51 how to talk about money with friends and family
8:12 how to budget
9:37 difference between being rich and looking rich
12:17 how credit cards work
15:04 how to build a good credit score
I love people like you, thank you!
great tips! so glad we can self educate as many of these important lessons are not taught and reinforced in school!
Thank you for sharing your knowledge!! You've opened my eyes
I LOVE YOUR channel/ videos!!!! FINALLY someone who has made me UNDERSTAND how credit cards work. I've been afraid of even owning a credit card for the very reason you stated " alot of people don't understand how credit cards work" and I'm one of those people! Like seriously THANKS FOR YOUR VIDEOS!!
THANK YOU ROSE! Keep those GREAT videos coming! It means alot to me!
Rose you are so helpful ❤️ thank you! 🙏
Your information is so relative to many people, including me. This information should be made available to everyone in all walks of life. Your videos are just great. Thanks.
Thank you so much, this was incredible!!!
OMG I didn’t know that about CC’s with compounded interest!? I’m showing this video to my teen daughters ASAP - I talk about the importance of of credit history, not having CC debt, high credit score...I am CC debt free and working on my car loan next (I know, it has compounded interest lol) and added % to my 401k to save AND lower my taxable income, also more to HSA (triple tax threat😎👍🏻). GREAT video!! Thank you!
Thank you so much. Your videos are clear and easy to understand. New subscribers.
Rose, your credit card example has a math mistake. The daily rate is 0.0548%, not 0.548%. You are actually showing interest accumulating at a 200% APR, not 20%.
@@Albimar17 looks like an honest mistake, I don’t think she intended to mislead her audience
If you are correct, I'm glad that was a mistake. I would hate to think that credit card companies are that diabolical!
Looking great! Great information in this video. Thanks for creating such a great channel.
PLEASE CAN YOU DO MORE VIDEOS ON CREDIT, AND CREDIT CARDS FOR THE VIEWER'S?It's VERY sad we're not taught these fundamentals of money in school. I know I wasn't taught and like you, I too grew up where money wasn't a topic discussed around the dinner table. I'm soo glad you're debts are paid and you're doing these financial VIDEOS for the general public. Thanks hun you're a blessing to all who watch and learn. I know you've taught me alot already. I actually just discovered your videos a couple of days ago. I'm watching videos that are 1-2 years old, but how insightful!
The financially literate love of my life. Good brain food, keep it up!
Awesome video. Thank you, Rose!
I swear that the cup is empty. I would be wearing the contents by now. Rose we miss you.
Love your videos .. thank you for explaining everything In simple way .
Thank you Ms. Rose
One of my favorite UA-cam Financial Advisors love how genuine she is 💯🖤
Wow what an amazing video! Thank you for all of the great information. I am so glad I found your channel! I really wish this taught in school.
@Investing with rose wow thank you! I most definitely will!
Another great video, Rose! I will be forwarding this to my adult kids.
If there are any advertisers out there - Rose’s cup would be a great place to place your logo! So many people comment about her cup! (Rose, it could be your ticket to paid-for Starbucks, Peet’s, Phil’s, or whatever coffee you drink!)
Your last video on setting up an investment for Passive income, I've come to see how important they can be. However, I've read articles of investors that made as much profit within a few months I'd like to know what you think they invested in and their strategies
Most probably forex, stocks and real estate
Try to get a tutor or a mentor to help you out, they understand the market better
I agree, investing through the guidance of a professional or a broker has its perks, I got in touch with a lady broker early this year and through her assistance, I was able to invest in the right funds and grow a profit of $30k from July till now.
The broker I'm in touch with is Kristine Mary Lansing, I came across her on an investment Magazine and you can get in touch with her online. Just look her name up, her details are open to the public.
Thanks for sharing, just looked up the broker you mentioned on google and I'm super impressed with her credentials. I will be writing her an email shortly.
thank you for sharing this GOLD knowledge... i will save this video to watch later... thank you Rose
this is a true educator *** love you ROSE
I love this woman.
This is such a great video. I agree that these concepts should have been taught in school. Hopefully they will one day.
@Investing with rose scammer
I hope so too. Our children should be grow in a school system where financial education is the new ABCs.
I wish I had learned all these lessons in high school or college. I didn't learn anything about taxes, credit cards, credit score, budgeting, etc, until my late 20s. It's a shame schools don't teach these things.
Amazing and fun to watch Rose's videos.
I've watched a few videos about *"Money Lessons You Never Learned In School"* and this video is by far one of the best I've seen! Thank you *Rose!* 😃
Right off the bat, you are a beauty. Thanks for the good info provided in this video.
Very good lessons Rose. Well explained.
Wow! Very good information. Thanks for sharing!
When evaluating a stock should you focus on return on total capital or return on invested capital?
Thank you Rose. Very informative...😊
Thanks you for sharing your knowledge with us
Your videos are so helpful for us financial illiterates :)
I have always wondered why schools don't focus more on real life situations. Sometimes they do, but mostly its all academics.
@@yahoofinance1764 scammer
Also, who would be teaching finances? People in the field make much more than the government can afford to pay them. That's why they teach finances at University level.
That’s a good point. The school systems here generate workers/consumers. They want to keep us in the dark when it comes to finances so we can keep spending like crazy and chasing new iPhones.
What's in the cup Rose? 🤔 Thanks for the advice. Keep it up!
Financial planning is key to success, thanks for sharing!
Very good job with this video... thanks!
This video was Rose Han at her best, doing what she seems to have a passion for.
Great advice!
Nice presentation, Rose and very relevant.
Spot on how other companies, subscription to investment letters, so forth are in general after your money. I even see solicitors in these comments.
Wow! Great topic
Your the best Rose!! Thank u
As allways, great video Rose!
Inspiring intelligent professional beautiful... Always Love Rose!
You're the best thing to happen on UA-cam for me!
simp
Hi rose, what would you do with proceeded from a home sale in this environment . We are very confused
Approx 200 g
I teach personal finance & budgeting in school. It’s family consumer science class!
I also teach a unit on how to use credit cards responsibly
I teach credit scores as well
Nice video. I think we avoid talking about money because of the shame associated with being in debt slavery
Totally agree. There needs to be more transparency and open discussion about finances. Without that, people will continue to be confused and lost about their finances and consumer debt will grow. We discussed credit card debt in our most recent video, and openly talked about how we paid off $22K in credit card debt. It's difficult to be open about our faults, but hopefully this information will help others learn from our mistakes. ua-cam.com/video/CnEqqM1sklU/v-deo.html
Can you do a more detailed video on how the interest rate on credit cards work?
Hi Rose, love you videos, you're just gorgeous. Just a note though, shouldn't the daily APR you calculated in the example be 0.0548% rather than 0.548%?!
Thats What UP! Im new to the channel and you spitting fire 🔥...
Dragon Lady
Thank you for your information Rose, always appreciated. I agree that financial literacy should be taught in High School. My parents were terrible at personal finance, so I took an Accounting elective in High School and learned a lot. My Senior year US Government teacher bent the rules a bit and had us read the fine print of credit cards and create 5 year plans. I continued my Financial education through college and have always been conservatives with my money. If it wasn't for these experiences, I can see how so many people go into debt or have financial issues. Even as a CPA with more wealth (possible only with my wife's income, because CPAs don't make that much lol) than the rest of my friends and family, most of them still follow their own priorities, even if our advice says otherwise.
Thanks for sharing the lessons. i learned some knowledge from most of your videos. To be honest, I couldn't keep my eyes out of your chest :)
Excellent point on Credit cards, they are can put you in financial debts
Thank u Rose
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A lot of good info in this video 💯
Rose, where can we find more info on paying less taxes. I understand Investing, but not any other forms of passive income, like real estate
Love your videos
Great Video!! It all starts with education!! And yes..”Fee-Only” “Fiduciary” Financial advisors is the way of the future. Keep spreading the word!
Helpful video 👍👌
I've been watching your videos before this one, and the sharing with friends and family really hit me because I recently started sharing what i've been learning to my friends. we all benefit from helping each other. thank you, rose!
Thank you!
You're welcome!
Great work
Thank you 🙏
My marketing experience tells me those possibly empty cups will have sponsors on them soon lol. :)
I appreciate the amount of work and research you put into your presentations. Sometimes I feel like I recognize some of the books you read based on your material. And there are plenty of times you introduce new information. I didn’t know about the APR. And I agree with your conspiracy theory. I heard a voter suppression why not financial suppression. That would make it easier to put our money into other peoples pockets.
super thankful for youtube! i've learned a lot about financial literacy that they didn't teach us in school!
So helpful. It’s so true that Public school system sets people up for failure. It’s sad. I doubt it’s not on purpose
You have reinforced my thoughts on managing money. Keep up your good work! How do you get paid for your thoughts on money management? With my positive net worth I get by on my pension, and social security alone. I just let my retirement investments (IRA,& ANNUITY) compound for a rainy day. I owe my blessings to GOD alone. Thank you for your useful information. J.C. Sauer
Does she have a video on how does someone start investing? Like actually buying a stock and how to watch it and know what’s what? I’m completely new to the idea
Thanks roooose
Who needs school when we have you Rose, you're truly a jem!🙏🏽
@Investing With Rose thank you but prevent what exactly
Rose gets it. She knows.
credit card tip: only buy something if you have the money to pay it the same day. I usually pay my credit card before I even spend money. For example, paying $200 on the credit card right away before using it to buy something. I have a great credit score
@@Albimar17 It is not impossible. if you do not have the money to buy something with your debit, then you dont have the money to buy it (this is my point of view, was raised like this).
To answer your question why not use a debit card while i'm at it, is because of the benefits. I have a great-excellent credit score becuz of this :) To me it's not a hassel becuz I do online banking.
take care
@@Albimar17 yes i do that. I pay it before using it to buy stuff. Maybe it doesn't work like that where you're from? but I'm in Canada, and it does work. Do you use online banking? I don't think this method works if you pay your credit card in person for example.
and no my $200 example is not the minimum payment of the previous period
basically, instead of waiting a few days for a payment to go through, the payment is already done (before you even make a purchase!)
I don't know if this example will confuse you, but let's say you make a purchase and buy a t-shirt of $10 with your credit card. The next day you return it and get it refund back on your credit card. That $10 will be like my $200 example.
I hope I'm not confusing you
@@Albimar17 Also yes you are right. Essentially credit cards are used for that. Paying something off later. But i'm using it to build good credit - not just to buy stuff and pay them later
@@Albimar17 if you return something, the money will go back on your cc. You’re balance would be +10 (not -10 because you owe that amount and not 0 because the money is put back in the cc after a refund)
Do what work for you 😊 I don’t want to confuse you
@@Albimar17 hahaha :D I think it's just a 'me' thing. I don't really know anyone else that does this
Rose, you are just awesome. Like you, I grew up in a house where money was never mentioned. But money is an important factor in our lives, so everyone should be money-literate. Time to start a new family tradition: TALK about it all the time!!! LEARN about it all the time!!! SHARE your knowledge with your family and friends!!!
This is SUCH a valuable video - thank you for sharing! It’s a shame we don’t teach personal finances in school.
Great video. Your Day 4 on APR is incorrectly written
YES! It's crazy to me how you can take a finance course in college but still not learn about personal finance. I made a video about what I wish I'd learned in college and I'm still in shock that these things aren't being talked about. You bring up a really good point about opening up the discussion of student loan debt. It's so important to be able to have these discussions with those around us, because similar to what you said, you feel like you're alone until you have these conversations and realize that so many people are going through the same thing you're going through.
Great job Rose, you are on point. Keep up the good work of informing folks about how to manage money and investments. Appreciate your sharing your knowledge. Ciao
Since interest increases your credit card balance daily, would it be better to pay off our balance ASAP or can we wait till the due date?
You are awesome! Thanks for teaching me what I didn't learn 🎓 in school.