Financial Literacy is one of the most important subjects that are not taught in school. That being said , if you stop learning after you leave the classroom, we have more things to worry about. Keep learning. Keeping growing. Keep going. I believe in you.
In 2020 I first audited my spending for the year before. I completely turned around my overspending and I now do it monthly. A great way to start seeing what you’re wasting your money on.
@@churchill19708 I realised I use contactless for almost everything so I simply went through my statement of a particularly expensive month. Bills, food and Pub were the most common and I realised just how much I was spending in bars every month. Then the bars shut over covid and that of course helped turn the whole thing around. 👍
1 You always work with a budget? Not always. 2 You have emergency funds account? 3 You've got insurance? 4 You know about your taxes and you never overpay 5 You have a separate savings account 6 You pay your debts on time 7 You invest wisely 8 you set financial goals 9 You understand Diversification 10 You always think of the future 11 You stay up to date with finance news that concerns you 12 You are disciplined with money 13 You have a mental knowledge of your net worth 14 You don't replace things that aren't broken 15 You know how to have fun without breaking the bank Did any of these reflect your stance towards your finance? Yes. You know your credit score
00:00 - Intro 00:53 - You Always Work With A Budget 01:59 - You Have An Emergency Funds Account 02:54 - You've Got Insurance 03:43 - You Know About Your Taxes and You Never Overpay 04:29 - You Have A Separate Savings Account 05:24 - You Pay Your Debts On Time 06:03 - You Invest Wisely 06:58 - You Set Financial Goals 07:38 - You Understand Diversification 08:16 - You Always Think Of The Future 08:47 - You Stay Up To Date With Finance News That Concerns You 09:37 - You Are Disciplined With Money 10:03 - You Have A Mental Knowledge Of Your Net Worth 11:04 - You Don't Replace Things That Aren't Broken 11:35 - You Know How To Have Fun Without Breaking The Bank 12:17 - You Know Your Credit Score
People Beware of the Scams in comments. These repeated messages. UA-cam doesn't investigate and close these Spambots. Scams about cryptos and con artists investors. Scams with wassap numbers.
Day 13: Inputs Over Outcome I bounced off the freaking floor today! I was being hurdled with so many issues this past week. Today I'm holding myself strong and knocking problems out the box daily! The more I put in, even tho I don't see changes yet, I can have you know, I'll become the most powerful version of myself by next year 😎! Are you becoming a stronger version of yourself??
Heavenly Father I pray that you keep the person reading this alive, safe healthy and financially blessed Amen ✌🏾✌🏾... And you will never lose a loved one🖤
The Father is currently busy reading similar comments on Facebook. He will be back on UA-cam soon, though. Stay tuned and keep praying on your knees. Now, today's sponsor is the Church.
Successful people don't become that way overnight. What most people see at a glance- wealth, a great career, purpose-is the result of hard work and hustle over time. I pray that anyone who reads this will be successful in life..
Thanks for this amazing information !! If you don't find a means of multiplying money, you will wake up one day to realise that the money you thought you had, has finished. Investment is key, I pray that anyone who reads this will be successful in life
@Scott Nicole Exactly ! That's my major concern and what kind of profitable business or investment can someone do with the current rise in economic downturn
I'm debt free at 76 years young and finding a new potentially lucrative hobby - becoming a FAA certified drone pilot! This opportunity is very close to the Tipping Point and an excellent time to consider FAA training and certification.
Many people didn't learn about finances until they were on college. When impulse control is at its lowest.. I am thankful for my dad showing me Dave Ramsey when I was young and I have always been a saver and recently paid my house in cash. I have an emergency fund but I use YNAB so I am two months ahead in my bills.
1)Budget 2)Emergency fund 3)Insurance 4)Don’t overpay taxes 5)separate savings accounts 6) pay debts on time 7)invest 8)financial goals 9)diversification 10)think of the future 11)updated with finance news 12)disciplined with money 13)mental knowledge of net worth 14) don’t replace things that aren’t broken 15)have fun free/cheap
Everyone has their own level of discipline, some listen to it 100% of the time, some don't. For me, I monitor my bills and what's left I save or use for the things I want (I'm in my early 30s) but naturally getting more interested to take better care of my finances. Some of the things mentioned in the video made me feel uncomfortable but it's a good reflection and feeling that way means something needs to be improved. Like always, great video!
1.You always work with a budget 2.You have an emergency fund account 3.You've Got Insurance 4.You know about your taxes and you never overpay 5.You've got a separate savings account 6.You pay your debts on time 7.You Invest Wisely 8.You Set Financial Goals 9.You Understand Diversification 10.You always think of the future 11.You stay up to date with finance news that concerns you 12.You are disciplined with money 13.You have a mental knowledge of net worth 14.You don't replace things that aren't broken 15.You know how to have fun without breaking the bank
Excellent. Setting financial goals in some cultures, mistake it for greed. However, the true mark of your financial maturity is knowing what to do with your earnings when you feel you have more than enough. That's the TEST. knowing what to do. Thanks for sharing.😃
Diversity is the key thing. I own stocks, few rental place and couple of rolex watch. You would think that the stocks or the rentals are the best invesments but no, my rolex watches are even with this times i am up 60-70% up with them in few years. So yea, buy assets in all the area you can and keep them for at least 10-15 years.
People Beware of the Scams in comments. These repeated messages. UA-cam doesn't investigate and close these Spambots. Scams about cryptos and con artists investors. Scams with wassap numbers.
Diversification! saves me from losing all of my money; the story of how it had happened is awful but I choose to forget. Nevertheless, I still have a chance to keep growing my money.
I think they meant "sinking fund" instead of "savings account." You would probably use a savings account for a sinking fund but the terms are not exactly the same thing.
What is a sinking fund and is it true that saving money in the bank is the safest way to secure finances at all costs apart from investing and having more income streams? Thanks.
@@mariavictoriasalita5273 A sinking fund is an account you contribute to regularly (every paycheck, monthly, etc.) to save up for a financial goal such as a down payment on a house or a vacation. It can also be used to cover irregular expenses (meaning things you have to pay for every so often) such as home or vehicle repairs and maintenance. A person can have several sinking funds at once for different purposes (one for their home maintenance/repairs, one for their vehicle maintenance/repairs, one for a big trip they are planning, one for a down payment on a new home, etc.). They are a useful and flexible tool for budgeting and can be used in conjunction with an emergency fund. I am confused by the second part of your question but I hope I've answered the first part.
Alux videos are always inspiring.....never miss a day of it...something seems to be off with the script reading or editing these recently.....still doesn't make it any less inspiring
Perhaps you could do a video on how to break down and record tax deductions on your own? Such as utilities and land usage for business. That would be a wealth of practical info to many.
People Beware of the Scams in comments. These repeated messages. UA-cam doesn't investigate and close these Spambots. Scams about cryptos and con artists investors. Scams with wassap numbers.
Knowledge about taxes, yes. No debts and sticking to the rule "A good trend is to not borrow or lend". Very strong financial discipline and an ability to have fun on low budget. Kayak trips are this low budget fun - all it costs me is to get to my launching spot. I only invested in equipment this year after several years of not buying anything so it was spare money waiting to be used. 👍 Having this financial discipline is really something on a different level, especially when I hear from some friends they need to burn over 1000£ on a new phone just because it's new.
The richest people in the world use debt to generate wealth. Why would you buy one rental property with cash, when you can buy four using bank loans and generate three times more income?
Can we tell the kids to double up on full-time jobs at 16 Marriage to someone similar, have first baby, and buy a small house together in cash by 22 Then spend the rest of life teaching kids and grandkids how to replicate this model. Simple 3 step life plan
Starting after the 1920s depression, the US government enacted FDIC regulations to keep this from happening. The law mandates that the FDIC backs up deposits, so if your bank fails, the FDIC will pay back your money. Was this in America? Unlike in other countries, US bank customers are protected against this kind of financial calamity. I'm hoping you can get your money back, free of charge.
Thanks for great content ☺️ Alux, I m a student and know that my parents has not same number of years as me to enjoy their life however I want to give them all happiness, comforts, luxuries of Life that they deserves . In order to become highly successful and rich ,I need to learn skill of real world that tradition school will never teach. Please make more details video specially for" students".
This is quite an interesting information, But success depends on the effort and work you put in achieving greatness. Show me someone without investment or depend on one source of income and I’ll tell you how long it’s gonna take to go bankrupt. Investing creates a safe haven for the future. With the right investment choice that has at least 2% minimum risk with the advice of an expert, profits and interest are 100% guaranteed.
Every single bear (U.S.) market eventually recovered and hit new ATHs, and every stock investor wished they bought more during the sell-off. Buffett bought $600 million more $AAPL during a 3 day sell-off in Q1 2022. The wealthy get this and it's 1 reason they keep getting richer
Some people are to lazy too do any research about things. They are doomed if they do not do some self education. Most people waste their money on depreciating liabilities instead of buying money earning assets.
#16 ,,, NOPE! credit scores are not an indication of financial health. All those numbers mean is how good a person is at paying back large amounts of money. The are many broke-ass people out there with good credit scores!
WATCH NEXT: How To Invest Your TIME and MONEY Wisely ua-cam.com/video/kF0AGP-jayc/v-deo.html
Hello again, Miss Alux announcer....
I'm new to crypto trading, how do I get started with the help of a professional
Ko
Financial Literacy is one of the most important subjects that are not taught in school. That being said , if you stop learning after you leave the classroom, we have more things to worry about. Keep learning. Keeping growing. Keep going. I believe in you.
In 2020 I first audited my spending for the year before.
I completely turned around my overspending and I now do it monthly.
A great way to start seeing what you’re wasting your money on.
Wow, how did you do it? Just put spending into categories or real get details on each purchase?
@@churchill19708
I realised I use contactless for almost everything so I simply went through my statement of a particularly expensive month.
Bills, food and Pub were the most common and I realised just how much I was spending in bars every month.
Then the bars shut over covid and that of course helped turn the whole thing around. 👍
1 You always work with a budget? Not always.
2 You have emergency funds account?
3 You've got insurance?
4 You know about your taxes and you never overpay
5 You have a separate savings account
6 You pay your debts on time
7 You invest wisely
8 you set financial goals
9 You understand Diversification
10 You always think of the future
11 You stay up to date with finance news that concerns you
12 You are disciplined with money
13 You have a mental knowledge of your net worth
14 You don't replace things that aren't broken
15 You know how to have fun without breaking the bank
Did any of these reflect your stance towards your finance? Yes.
You know your credit score
00:00 - Intro
00:53 - You Always Work With A Budget
01:59 - You Have An Emergency Funds Account
02:54 - You've Got Insurance
03:43 - You Know About Your Taxes and You Never Overpay
04:29 - You Have A Separate Savings Account
05:24 - You Pay Your Debts On Time
06:03 - You Invest Wisely
06:58 - You Set Financial Goals
07:38 - You Understand Diversification
08:16 - You Always Think Of The Future
08:47 - You Stay Up To Date With Finance News That Concerns You
09:37 - You Are Disciplined With Money
10:03 - You Have A Mental Knowledge Of Your Net Worth
11:04 - You Don't Replace Things That Aren't Broken
11:35 - You Know How To Have Fun Without Breaking The Bank
12:17 - You Know Your Credit Score
What will happen if one overpays his/her taxes?
You the GOAT thanks
@@mariavictoriasalita5273you get a refund..?
Financial literacy is the hallmark of a civilized man. Impulse control, math, and opportunity recognition are all signs of a man worth his spit.
People Beware of the Scams in comments. These repeated messages. UA-cam doesn't investigate and close these Spambots. Scams about cryptos and con artists investors. Scams with wassap numbers.
Love it! Hooray for a civilized man! We need more of those!!
Day 13: Inputs Over Outcome
I bounced off the freaking floor today! I was being hurdled with so many issues this past week. Today I'm holding myself strong and knocking problems out the box daily! The more I put in, even tho I don't see changes yet, I can have you know, I'll become the most powerful version of myself by next year 😎! Are you becoming a stronger version of yourself??
Yes!! Always!
Heavenly Father I pray that you keep the person reading this alive, safe healthy and financially blessed Amen ✌🏾✌🏾... And you will never lose a loved one🖤
Same to you
Amen 🙏
Amen...may God bless you in all aspects ❤🙏
The Father is currently busy reading similar comments on Facebook. He will be back on UA-cam soon, though.
Stay tuned and keep praying on your knees.
Now, today's sponsor is the Church.
Amen ❤
Successful people don't become that way overnight. What most people see at a glance- wealth, a great career, purpose-is the result of hard work and hustle over time. I pray that anyone who reads this will be successful in life..
investment is that tiny line that separates the rich from poor.
@Juneau Kaltumah Thanks for the amazing recommendation it will help a lot
A friend that I referred to her just received €61,050 profit after 6days of investing.... I became jealous.. Lol
She's not like other brokers that will start telling you stories and excuses why the trade didn't go well after collecting your money
Mrs Serenay mathieu is a woman of integrity, with $6,000 she makes profit of $44,000 she great
Thanks for this amazing information !! If you don't find a means of multiplying money, you will wake up one day to realise that the money you thought you had, has finished. Investment is key, I pray that anyone who reads this will be successful in life
@Scott Nicole Exactly ! That's my major concern and what kind of profitable business or investment can someone do with the current rise in economic downturn
Yeah you're right, that's why I had to start Forex trading two months ago and now i'm making benefits from it now.
talking about successful, I know I am blessed if not I wouldn't have met someone who is as spectacular as Mrs Debra Barton
I have been surviving through my investment with her am so glad I inves..ted when I did . cause I've earned up to 78k USD in crypto trading
@@alexstephanie8051 Hello I have been hearing a lot about her,
I need to start from scratch and just build myself up again this year and beyond. I'm glad that as a student I follow Alux.
Youth is on your side 😊
I'm debt free at 76 years young and finding a new potentially lucrative hobby - becoming a FAA certified drone pilot! This opportunity is very close to the Tipping Point and an excellent time to consider FAA training and certification.
#15 was my best, being serious with your finances doesn't mean you should live a boring life with no fun involved
let me teach you how to invest bitcoin and make profit without sending money to anyone,or been scam, message me immediately on via telegram.
Many people didn't learn about finances until they were on college. When impulse control is at its lowest..
I am thankful for my dad showing me Dave Ramsey when I was young and I have always been a saver and recently paid my house in cash. I have an emergency fund but I use YNAB so I am two months ahead in my bills.
Some people don't understand the power of money and what it can do for you when you use it well.
1)Budget
2)Emergency fund
3)Insurance
4)Don’t overpay taxes
5)separate savings accounts
6) pay debts on time
7)invest
8)financial goals
9)diversification
10)think of the future
11)updated with finance news
12)disciplined with money
13)mental knowledge of net worth
14) don’t replace things that aren’t broken
15)have fun free/cheap
💯
Everyone has their own level of discipline, some listen to it 100% of the time, some don't. For me, I monitor my bills and what's left I save or use for the things I want (I'm in my early 30s) but naturally getting more interested to take better care of my finances. Some of the things mentioned in the video made me feel uncomfortable but it's a good reflection and feeling that way means something needs to be improved. Like always, great video!
1.You always work with a budget
2.You have an emergency fund account
3.You've Got Insurance
4.You know about your taxes and you never overpay
5.You've got a separate savings account
6.You pay your debts on time
7.You Invest Wisely
8.You Set Financial Goals
9.You Understand Diversification
10.You always think of the future
11.You stay up to date with finance news that concerns you
12.You are disciplined with money
13.You have a mental knowledge of net worth
14.You don't replace things that aren't broken
15.You know how to have fun without breaking the bank
16. you know your credit score
narrator could have said watch 15 videos in alux channel daily for financial education
Yes, yes she could have! 😄
Excellent. Setting financial goals in some cultures, mistake it for greed. However, the true mark of your financial maturity is knowing what to do with your earnings when you feel you have more than enough. That's the TEST. knowing what to do. Thanks for sharing.😃
Diversity is the key thing. I own stocks, few rental place and couple of rolex watch.
You would think that the stocks or the rentals are the best invesments but no, my rolex watches are even with this times i am up 60-70% up with them in few years.
So yea, buy assets in all the area you can and keep them for at least 10-15 years.
People Beware of the Scams in comments. These repeated messages. UA-cam doesn't investigate and close these Spambots. Scams about cryptos and con artists investors. Scams with wassap numbers.
I just got into real estate, and bought parking spaces lol, 🤣 but here they are good money weekly.
@@ElaineLoyd I have 3 parking spots and i get better % on my investments vs my rentals
You can get a life insurance policy and take currency out with no interest. You just have to pay it back in time. Solve a few of them.
Diversification! saves me from losing all of my money; the story of how it had happened is awful but I choose to forget. Nevertheless, I still have a chance to keep growing my money.
I think they meant "sinking fund" instead of "savings account." You would probably use a savings account for a sinking fund but the terms are not exactly the same thing.
What is a sinking fund and is it true that saving money in the bank is the safest way to secure finances at all costs apart from investing and having more income streams? Thanks.
@@mariavictoriasalita5273 A sinking fund is an account you contribute to regularly (every paycheck, monthly, etc.) to save up for a financial goal such as a down payment on a house or a vacation. It can also be used to cover irregular expenses (meaning things you have to pay for every so often) such as home or vehicle repairs and maintenance. A person can have several sinking funds at once for different purposes (one for their home maintenance/repairs, one for their vehicle maintenance/repairs, one for a big trip they are planning, one for a down payment on a new home, etc.). They are a useful and flexible tool for budgeting and can be used in conjunction with an emergency fund. I am confused by the second part of your question but I hope I've answered the first part.
Alux videos are always inspiring.....never miss a day of it...something seems to be off with the script reading or editing these recently.....still doesn't make it any less inspiring
let me teach you how to invest bitcoin and make profit without sending money to anyone,or been scam, message me immediately on via telegram.
Yeah, the editor was asleep today.
Not getting married will help
Marring a rich lady will help
Perhaps you could do a video on how to break down and record tax deductions on your own? Such as utilities and land usage for business. That would be a wealth of practical info to many.
What will happen if taxes get overpaid?
Saving money as currency is the stupidist idea to give to anyone in this age of inflation. Never ever do that.
People Beware of the Scams in comments. These repeated messages. UA-cam doesn't investigate and close these Spambots. Scams about cryptos and con artists investors. Scams with wassap numbers.
Knowledge about taxes, yes. No debts and sticking to the rule "A good trend is to not borrow or lend". Very strong financial discipline and an ability to have fun on low budget. Kayak trips are this low budget fun - all it costs me is to get to my launching spot. I only invested in equipment this year after several years of not buying anything so it was spare money waiting to be used. 👍
Having this financial discipline is really something on a different level, especially when I hear from some friends they need to burn over 1000£ on a new phone just because it's new.
The richest people in the world use debt to generate wealth. Why would you buy one rental property with cash, when you can buy four using bank loans and generate three times more income?
This was an amazing video, the voice behind the camera sound so clear , I am so motivated by this video ,thanks a million.
Thanks for this video. It’s proven that I am financially educated.
Yes!!, ALUX on point!, 14 out of the 15 points I do!!.
Can we tell the kids to double up on full-time jobs at 16
Marriage to someone similar, have first baby, and buy a small house together in cash by 22
Then spend the rest of life teaching kids and grandkids how to replicate this model.
Simple 3 step life plan
Is that a FAMU shirt? Whaaaaatttsss up!
Please guide me more. I desperately need to be disciplined and corrected when it comes to finances.
Had an emergency fund... Then the bank went bankrupt... Took 3 years to get it back...
Starting after the 1920s depression, the US government enacted FDIC regulations to keep this from happening.
The law mandates that the FDIC backs up deposits, so if your bank fails, the FDIC will pay back your money. Was this in America? Unlike in other countries, US bank customers are protected against this kind of financial calamity. I'm hoping you can get your money back, free of charge.
Lebanon???
😢thats had to be hard. What a nightmare.
Wish country was that.
Thanks for great content ☺️
Alux,
I m a student and know that my parents has not same number of years as me to enjoy their life however I want to give them all happiness, comforts, luxuries of Life that they deserves . In order to become highly successful and rich ,I need to learn skill of real world that tradition school will never teach.
Please make more details video specially for" students".
Thanks for viewing⬆️ and contributing ♥, Tell Max To share some beneficial knowledge/profitable investment.♥..🤳above digit
Nice video!
But my mentor would always say; Desire + Motivation + Action = Success
Competence in arithmetic is key.
A basic knowledge of bookkeeping not to mention accounting would help. Look up the scandal with the Ladies of Beards Town.
I'm all of them even the 16th with a credit score of 865 and I invest 20% of my paycheck
This is quite an interesting information,
But success depends on the effort and work you put in achieving greatness.
Show me someone without investment or depend on one source of income and I’ll tell you how long it’s gonna take to go bankrupt.
Investing creates a safe haven for the future.
With the right investment choice that has at least 2% minimum risk with the advice of an expert, profits and interest are 100% guaranteed.
Thank you so much for this video..it's an eye opening
#8 should be in 1st place!
Thank you Alux for being Alux! #thatisall
Most people don't get wealthy by borrowing money.
I love Alux, I've been a fan for like 3 years mow
Thank you Alux. This was very helpful
Every single bear (U.S.) market eventually recovered and hit new ATHs, and every stock investor wished they bought more during the sell-off.
Buffett bought $600 million more $AAPL during a 3 day sell-off in Q1 2022.
The wealthy get this and it's 1 reason they keep getting richer
Thanks!
Thank you for sharing.
Completely opposite from what I’ve read from rich dad books. But it’s good information though
What were written in Rich Dad Poor Dad which were the exact opposite of those mentioned in this video? I need to learn these.
Thanks Alux for everything ❤️
Hey where is the Ukro flag and when are you putting up the Taiwan flag on your videos?
That's true ALUX, thanks for your help .
Also get a furniture insurance.... Yes that's a thing
I'm selling furniture insurance. only Starting at 24.99
I don't go out too often. I try to save money somehow.
The possibilities are endless, just got to keep looking, stay keen.
Thank you, super useful
Useful, appreciate the content
Glad to know i have almost all of these knowledge thats why i'm a ......?
a bit remedial. 14 and 15 good reminders though.
I really like your voice
All pretty much common sense. Sad so many are so uneducated.
People are out here without bank accounts
Because of this learning how buy a phone and not paying a lot of money
Do it
Where are new videos?
Some people are to lazy too do any research about things. They are doomed if they do not do some self education. Most people waste their money on depreciating liabilities instead of buying money earning assets.
Car is the Asset ???
...and to be highly taxed to support the undisciplined.
I am in love with Alux voice haha
The economy has been in a downward spiral since ever you can remember?
Great video as always 🤝
Agreed
A lot of rich people don't know their exact net worth. So that's patently untrue.
let me teach you how to invest bitcoin and make profit without sending money to anyone,or been scam, message me immediately on via telegram.
40th person to comment
How could alux be when have not post any video about Christian Dior
Great info as always!!
This is really helpful!
2:44 I didn’t think you made speaking mistakes Alux lady😅
A loan for a car? Doesn't sound very financially educated to me.
let me teach you how to invest bitcoin and make profit without sending money to anyone,or been scam, message me immediately on via telegram.
Thank you.
All of them. I don't have dept.
Oh yeahhhh
i checked all the points
thank you
Thanks Alux
Only a very few of them stances with me.
Thanks.
❤
Subtitle pls🥺
2:41
Rare bloopers from Alux 😁
lies don't diversify.
at 2:44 her flow is disparate
2:44 "To keep you aflo..."
16. You DONT have kids!
Correct so awesome
I wish I were one of those so blessed.
Make YOUSELF blessed, don't wait to be chosen.
First one!
🥇
Awesome
#16 ,,, NOPE! credit scores are not an indication of financial health. All those numbers mean is how good a person is at paying back large amounts of money. The are many broke-ass people out there with good credit scores!
great video
Me 🙌🏽
ᴛʜᴀɴᴋs ғᴏʀ🔝 ᴡᴀᴛᴄʜɪɴɢ
ғᴏʀ ᴍᴏʀᴇ ᴄᴏɴᴛᴇɴᴛ
ᴍᴇɴᴛᴏʀsʜɪᴘ ᴀɴᴅ ɪɴғᴏʀᴍᴀᴛɪᴏɴ
ᴀɴᴅ sᴏᴍᴇᴛʜɪɴɢ ᴘʀᴏғɪᴛᴀʙʟᴇ ɴᴇᴡ
ʜɪᴛ ᴍᴀx. .🔝
First?
🥇