My 15 minute fix was realizing that whatever I want to purchase, like for example a $10 shirt, costs me 1 hour of TIME working at my job in order to be able to purchase it. Knowing that I would be purchasing with not just money but TIME has caused me to hold off on purchasing many things.
The best advice to fix your finances is to STOP LYING. Stop lying to yourself, stop lying to others in everyway. Stop ignoring the mess and get real about how you got into trouble. Make a plan with prior knowledge that your plan will derail at some point. IT WILL happen. Life deals the worse blows on finances. When it does, regroup and start again as many times as it takes. Set backs are not failures. You only fail when you give up or never try. Turn off the damn TV and games for 1 hour per month. No more than that. Look at your finances at the beginning of every month. Sacrifice until not only have you saved an emergency fund, but you have 1 to 2 months worth of take home pay or total amount of of bill costs, so that you already have what you need on hand for the upcoming month of bill payment and you don't have to wait until your next payroll to pay bills. You can map out your bill payments in the prior month and make adjustments as needed. But you won't make irrational decisions based on stress, fear, etc... and the BIG reason is, it will save you from late fees, finance charges, and interest from paying late or not paying enough. You need to mentally know how much you need for all of your bills at a minimum. Write down when all of your bills are due and memorize that info. Put them in your phone's calender and set it to send you an alert 7 to ten days prior to the due date. Pay family and friends first. They are your lifeline. If you cross them you will find that a coldhearted world awaits you out there when they won't help you out of a jam anymore because you were a jerk back in 98'.
Love these videos Jeff! I would say 90% of my financial advice comes from youtube. So far it has worked out very well. I've eliminated a LOT of debt and repaired my credit after a failed business venture. Again, thanks for sharing such great info sir, it helps!
Jeff Rose Absolutely! My fiance has actually stopped going to school so we can work on our business! Her degree was going to cost us YEARS of payments, in a field where the maximum pay cap is about 60k a year! That did NOT make good financial cents! haha.
You are never too busy for things it's really a matter of being efficient and making time. I learned that as I tried to push myself to do more things. It can be done.
Made so many mistakes,with my money in my younger years so mad at me for not saving and thinking I should have over $$$$$$$$$$!!!!!in My bank account and I dont... but is never late to change that And make it happen ..great video thank you for this information. ...wish I could meet my younger me again and tell her the importance of saving boy it would be so different. ...today.
I began to pay more attention to the out go. I was looking at my statements a few months back and notice I was spending over $ 600 on things I couldn't account for. My solution was too take a certain amount I use for gas and other things each week so I don't touch my main bank account.
Jeff Rose I opened an Acorn account yesterday, canceling subscriptions and starting to pay more attention to my spending. I wish I knew about some of these tips years ago. I am 48 and wish it is not too late to start saving. I do have a 401k but just lost my job. It took this for me to realize that I need to make some changes. Will definitely save more once I get a job.
Great advice man, but regarding closing the credit cards, i'll have to disagree. If I understand correctly, the average age and oldest age of your credit is directly related to the oldest cards you have. One of my oldest cards, the paypal extras mastercard (terrible card, would not recommend) I pay for spotify every month to keep active. That way the limit counts toward my overall credit limit, a well aged account looks good on my report, and it stays active since it's being used. Took this advice from @BeatTheBush and sits in an old ammo box with a dozen other cards thats doing the same.
Just separated our rental property mortgage payment to it’s very own account that will over time accumulate the balance remaining after the payment is out. And I’m too stingy to take the money out (about $30) and pay the transaction fee so it’s gonna be slowly saving up
Hey, could you make a video on Bank CD's do you reccomend them as a way of investing? If you are gonna park your money for long term anyway, is it a good option apposed to a regular high interest yeilding savings account? Please and thank you :)! Love your vids man
Limit yourself to one or 2 payment methods : for examle cash and credit card ! That my 15min hack :p I know people that have a lot of payement methods : Like 2 or 3 credit cards , cheque, online payments and ofc cash ! They usually get bad surprises when they receive their credit records !
Hello Jeff, what type of classes can you suggest for anyone wanting to become a financial advisor? Anything on-line I can start? Cost doesn't matter. I just need to educate myself on this topic. Thank you!
The 1 thing that helped me, and I think, will help a lot of other people, is... setting up an automatic payment plan that pays yourself 1st. I think that's the only way to go. You can set this up to fund your Roth or Emergency Fund. Just about any fund you can think of. ;-)
Great video!!! Set up auto payment on the long term monthly payments amounts and set credit alerts for a small amount. That way if you get close you get an alert.
have multiple accounts each one with a certain objective (for example one for taxes, one for savings, one to buy stupid stuff, etcetc) since it's all automatic I only see the "stupid stuff" account and that's what I spend. so i always have money for the rest
Love all your videos Jeff very Helpful thank you very much!!! I started saving one year ago $1K through a online bank savings account, witch is paying me 1.90 APY and there's CD rate is 3.0 APY, what do you think?
I printed my reports, signed up with betterment, acorns, and personal capital. I really have to get my finances straightened out. Thanks so much!
My 15 minute fix was realizing that whatever I want to purchase, like for example a $10 shirt, costs me 1 hour of TIME working at my job in order to be able to purchase it. Knowing that I would be purchasing with not just money but TIME has caused me to hold off on purchasing many things.
Chris Ose then make more money
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The best advice to fix your finances is to STOP LYING. Stop lying to yourself, stop lying to others in everyway. Stop ignoring the mess and get real about how you got into trouble. Make a plan with prior knowledge that your plan will derail at some point. IT WILL happen. Life deals the worse blows on finances. When it does, regroup and start again as many times as it takes. Set backs are not failures. You only fail when you give up or never try. Turn off the damn TV and games for 1 hour per month. No more than that. Look at your finances at the beginning of every month. Sacrifice until not only have you saved an emergency fund, but you have 1 to 2 months worth of take home pay or total amount of of bill costs, so that you already have what you need on hand for the upcoming month of bill payment and you don't have to wait until your next payroll to pay bills. You can map out your bill payments in the prior month and make adjustments as needed. But you won't make irrational decisions based on stress, fear, etc... and the BIG reason is, it will save you from late fees, finance charges, and interest from paying late or not paying enough. You need to mentally know how much you need for all of your bills at a minimum. Write down when all of your bills are due and memorize that info. Put them in your phone's calender and set it to send you an alert 7 to ten days prior to the due date. Pay family and friends first. They are your lifeline. If you cross them you will find that a coldhearted world awaits you out there when they won't help you out of a jam anymore because you were a jerk back in 98'.
Love these videos Jeff! I would say 90% of my financial advice comes from youtube. So far it has worked out very well. I've eliminated a LOT of debt and repaired my credit after a failed business venture. Again, thanks for sharing such great info sir, it helps!
Jeff Rose Absolutely! My fiance has actually stopped going to school so we can work on our business! Her degree was going to cost us YEARS of payments, in a field where the maximum pay cap is about 60k a year! That did NOT make good financial cents! haha.
You are never too busy for things it's really a matter of being efficient and making time. I learned that as I tried to push myself to do more things. It can be done.
Thanks for your comments and ratings for more information contact me onW
Bro your lit! Thx for the vid 🎥
I am super busy though , super busy making sure my financial life is in order ! 👌
Jeff Rose haha thanks !
I unsubscribed to all emails a couple of months ago. BEST DECISION EVER!
OK... You're now my favorite youtuber....lol.... Nothing says value more than someone talking about saving money
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Made so many mistakes,with my money in my younger years so mad at me for not saving and thinking I should have over $$$$$$$$$$!!!!!in My bank account and I dont... but is never late to change that And make it happen ..great video thank you for this information. ...wish I could meet my younger me again and tell her the importance of saving boy it would be so different. ...today.
I began to pay more attention to the out go. I was looking at my statements a few months back and notice I was spending over $ 600 on things I couldn't account for. My solution was too take a certain amount I use for gas and other things each week so I don't touch my main bank account.
Super helpful. Thanks Jeff!
Love ur videos. Time....I never have enough of it. I am going to try the personal capital. Thanks for sharing.
Wow. Great tips. Will definitely start paying more attention to my finances and using some of your tips. New subbie :-)
Jeff Rose I opened an Acorn account yesterday, canceling subscriptions and starting to pay more attention to my spending. I wish I knew about some of these tips years ago. I am 48 and wish it is not too late to start saving. I do have a 401k but just lost my job. It took this for me to realize that I need to make some changes. Will definitely save more once I get a job.
How about to call and cancel unwanted memberships.
Great advice man, but regarding closing the credit cards, i'll have to disagree. If I understand correctly, the average age and oldest age of your credit is directly related to the oldest cards you have. One of my oldest cards, the paypal extras mastercard (terrible card, would not recommend) I pay for spotify every month to keep active. That way the limit counts toward my overall credit limit, a well aged account looks good on my report, and it stays active since it's being used. Took this advice from @BeatTheBush and sits in an old ammo box with a dozen other cards thats doing the same.
I may close the younger one later on but at the moment I'm trying to have my credit optimal to refinance
How do you become a Financial Advisor. What schooling is involved?
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Just separated our rental property mortgage payment to it’s very own account that will over time accumulate the balance remaining after the payment is out. And I’m too stingy to take the money out (about $30) and pay the transaction fee so it’s gonna be slowly saving up
Thanks for your comments and ratings for more information contact me onW
I may have missed the link but you said you were going to leave a link for the app personal capital. I don't see it. Please point it out or post it.
Hey, could you make a video on Bank CD's do you reccomend them as a way of investing? If you are gonna park your money for long term anyway, is it a good option apposed to a regular high interest yeilding savings account? Please and thank you :)! Love your vids man
Love your videos ! Thanks !
Awesome information!
I made a fixed deposited on post office. Which gives a fixed interest rate rate but yet a good step towards future.
I’m confused
Can you open more than one Roth IRA account? What other options are available?
Limit yourself to one or 2 payment methods : for examle cash and credit card ! That my 15min hack :p
I know people that have a lot of payement methods : Like 2 or 3 credit cards , cheque, online payments and ofc cash ! They usually get bad surprises when they receive their credit records !
Sorry to busy watching Netflix to learn to fix my finances
Jeff Rose suggestions!
15 minute fix is packing my lunch for work, easily save 200 a month by doing that
"Don't have time" = "It's not important enough" . No one is that busy.
Signing up for mint.com...best decision thus far
Much thx for sharing😊
Hello Jeff, what type of classes can you suggest for anyone wanting to become a financial advisor? Anything on-line I can start? Cost doesn't matter. I just need to educate myself on this topic. Thank you!
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What is your take on Credit Karma?
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The 1 thing that helped me, and I think, will help a lot of other people, is... setting up an automatic payment plan that pays yourself 1st. I think that's the only way to go. You can set this up to fund your Roth or Emergency Fund. Just about any fund you can think of. ;-)
Great idea! Thanks for sharing 👍😀
Taking time to just write down your recurring expenses takes 5 mins
Great video!!! Set up auto payment on the long term monthly payments amounts and set credit alerts for a small amount. That way if you get close you get an alert.
3.58 was when I was tired of my time being wasted
Impressive
Hey Jeff! Could you talk about some canadian investment options please.
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Great video and amazing advice. One of my financial strategies are simple. Read a good financial book.
Jeff Rose science of getting rich is like one of my favorite books, rich dad poor dad is also a common one.
So roth is better then traditional ira i opened a betterment acount but choose a traditional ira
It's my preference!
have multiple accounts each one with a certain objective (for example one for taxes, one for savings, one to buy stupid stuff, etcetc)
since it's all automatic I only see the "stupid stuff" account and that's what I spend. so i always have money for the rest
Thanks for your comments and ratings for more information contact me onW
Learning accounting from free youtube videos has been one of the best time and financial investments i have ever made.
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I hate student loans. It's the only thing affecting my credit. 😔😔😔
Shadow the Hawk the college trap. Smh.
Love all your videos Jeff very Helpful thank you very much!!!
I started saving one year ago $1K through a online bank savings account, witch is paying me 1.90 APY and there's CD rate is 3.0 APY, what do you think?
@@wealthhacker nope, my plan is to leave it there for 5 years a least. But I'm renewing my CD yearly just in case.
Not everyone is allowed to put money in to Roth IRA
I have no 15 min fixes. I don't make enough money to put into anything
Spend 15 min on adding value to your job so you can get a promoted or looking for a new job that pays more🙏👌
Life isn't going to happen, you don't need to save.
Totally
They had my birth date wrong!😱