How I budget, save, & invest my money *super detailed*
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- Опубліковано 11 тра 2024
- One of the reasons I struggled so much with money in the past is because no one ever actually sat down with me to show me how to stay out of debt, save, invest, and just overall be good with money. And that's why I wanted to do this video.
You can think of me kind of as your best friend or your big sister, just sitting down to show you all my stuff so you can get some tips for how to better manage your finances!
TIMESTAMPS
00:01:05 - How I budget
00:08:15 - How I save
00:11:55 - How I invest
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**THINGS MENTIONED IN THIS VIDEO! 👀**
💫 Investing for Beginners (your first $1k): • How to Start Investing...
💫 Backdoor Roth IRA tutorial video: • Backdoor Roth IRA (HOW...
💫 HSA explained: • HSA Explained (THE ULT...
💫 Index Funds vs Mutual Funds vs ETFs: • Index Funds vs Mutual ...
💫 Life Insurance: • Life Insurance 101 (WA...
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**BOOKS I RECOMMEND 📚**
I Will Teach You to Be Rich (hilarious how-to book on personal finance for millennials)
amzn.to/2VbJ1Pt
The Little Book of Common Sense Investing (Jack Bogle's classic advice on index funds)
amzn.to/32ewzjj
InvestED (step-by-step, millennial-friendly advice on how to pick stocks like Warren Buffett)
amzn.to/2SLTYpn
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
High-Yield Savings Accounts (don't settle for 0% when you can get 4%+ on your savings)
www.bankrate.com/landing/rose...
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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SAY HI ON SOCIAL! 👋🏼
Website: www.rosehan.com
Instagram: / itsrosehan
TikTok: / itsrosehan
Pinterest: / itsrosehan
Great video. My wife and I are both immigrants from a 3rd world country and are very unfamiliar with stuff like this. We are in our 40s and are just starting to get a grasp on our finances. Hopefully we can give our kids the head start they deserve. Thank you!
We're all in the right place to get started. Good luck with it all!
Be careful! Rose does not care about her followers getting scammed:
Rose…remember last year when we got scammed by people impersonating you? As you know, we are an older couple, and we got scammed out of our entire their life savings. What I don’t get is, Rose, you KNEW it was going on and did nothing. It was a very elaborate con, so we put it all on rosehanscam for all to see- It’s very sad that you didn’t do a thing to protect us all. Why didn’t you take responsibility? Rose…why? You were kind at first, but then you got defensive once you saw that it was truly your fault for not letting everyone know…and then you ghosted us.
great work. My husband and I started seriously investing only 15 years ago after we paid off our house. For the last 10 years of those 15, we have put in the max allowed in our 401K's. having a paid for home allows you to really accelerate your savings rate. The earlier you begin to seriously save in your 401K, the quicker you will be able to live off of dividends.
You should be investing into dividend etfs and dividend growth stocks in a roth IRA as well!
That's amazing and very inspiring to hear! Thank you for sharing!
@@MitchellArthur90 Just invest a bit each month. but it’s up to you. i have netted over $350K, speaking with Martha before picking my stocks
@@itsrosehan You fell victim of a bot advertizing their scammy tactics. Their sentences look so real nowdays its hard to say which comments are real and which are from bots.
@@jimipetyup; you are correct because some looks real.
Automatic transfers to savings are the way to do it. I never miss the money, and the accumulation always surprises me. I spend less if I think I earn less.
Exactly my point! It's a sneaky lil money hack lol
@@itsrosehan A similar hack that I like to do is to keep increasing your 401k contributions by 1%-2% each year (if you don't have any high interest debt)
I started my current job in January. I set up my 401k and my HSA. I FORGOT about it, lol. Forgot I'm contributing 13% of my Gross income until I looked today. Completely forgot I was 13% out of 20%
I was once your Uber driver in Dallas. I’m so glad I met you, thank you for such great inspiration and I love your content. Thank you ❤
Very informative video! My wife and I have a cash fund in our budget! I take out $200 a month and it’s put in a container. You’re allowed to take $40 a week and use any way you want. If you want to stop by a coffee, candy bar or donuts for the family. When this money is gone, that’s it till the next month. If there’s any money left over stays in the container for the next month. Now this is all for small purchases.
I love that! Very sweet that you and your wife have created your own system that works well for your family :)
We need to start doing this. 1. I hate tracking all those little $5-$30 purchases... also, 2. Those are what get me! I'll admit I'm not in the habit of checking the budget before I buy the little things bc I assume i have the, say, $20. But it all adds up quickly, especially in a family with kids who seem to always need money for something!
Be careful, a couple got scammed by people impersonating Rose, and Rose did not care or do anything about it!
Rose…remember last year when we got scammed by people impersonating you? As you know, we are an older couple, and we got scammed out of our entire their life savings. What I don’t get is, Rose, you KNEW it was going on and did nothing. It was a very elaborate con, so we put it all on rosehanscam for all to see- It’s very sad that you didn’t do a thing to protect us all. Why didn’t you take responsibility? Rose…why? You were kind at first, but then you got defensive once you saw that it was truly your fault for not letting everyone know…and then you ghosted us.
Love this.
Thank you sharing your personal finances. Thank you for throughly explaining your investment categories, too. I’ve been following you for a few years and I’d be interested in a monthly status report on your financial journey. I think it would help us all be held accountable. Rose, you’re the best. You’re making a difference! 🤗 ❤
Hi there! definitely please keep doing net worth updates, budgeting - everyone likes to see the real numbers and how the reality of making goals happen works!
Ahh gotcha! That sounds fun, I will do that!
Reframing the mindset around budgeting to “yes” instead of deprivation is super helpful! ❤
YESSSS for a Monthly Money Diary Series! I love how you continue to bring financial transparency for us to help us stay REALISTICALLY motivated on our financial independence journey.
Yes please re: making this into a series! Your transparency, thoughtful explanations, and clarity is so helpful for those of us trying to get to where you are. Thank you for your content!
I would totally love a monthly series. Thank you for this. So helpful!
This was great! Yes, I'd love to see this as a monthly series! You're so inspiring! Thank you!
Thank you for being straight up and honest on what you have and how you make it all work.
I love your content. Yes, please make it a monthly series! Thank you very much for sharing your knowledge with the world!
Rose, great content and it's good to see you posting regularly again. After divorce and starting over it was your videos that encouraged me to get started again, opening my accounts at Fidelity and starting my journey over. I wish you the best in everything and would love to see this become a regular content from you. Take care and stay safe.
Love this format with super helpful info. Thank you for sharing Rose!
Love all the information! Much love and appreciation from Missouri! 😊🙏
I absolutely loved this! I’m 20mins of uninterrupted content, I gained so much insight on financial 101. A lot of ppl share snippets of this in short form content, so it’s hard to piece together the pieces. I enjoyed how you walked Us thru it and showed actual numbers.
I would love to see this as a monthly series for reinforcement and accountability. ❤
I'm a new follower and I am loving your videos. I'm in awe of the way you break down complex subject matter into manageable, easy-to-understand, and actionable information. I'm working on a budget with YNAB and making my way through your book recommendations. Thank you so much!
PLEASE continue with the series! Just listening to your thoughts and reasoning behind doing what you do really does help when considering things for my own financial journey. Also, it steers me out of the direction of making extra mistakes that I don't have to.
I love your channel. I always know im going to learn something when you upload.
I love that, your feedback means a lot to me!!! Will definitely continue this as a series, can't wait because I think it's gonna be fun :D
Yes! I just found this video and I am just starting to budget and wanting to invest so this is really helpful because how I am going now the up down anxiety money cycle is draining. I’m ready to get it together 😅. I make enough money to live comfortably but no idea where it is going
If possible can you do a beginners guide to YNAB or how to set up a budgeting line up etc ( spreadsheet in or out of the app)
I absolutely loved this video!!! I've saved to my UA-cam "Financial" folder and will be watching again and taking detailed notes. Thank you so much, I love your content. :)
Rose I look forward to your videos. I learn so much you pack a lot ideas and suggestions in a short period time. I do rewatch your tutorials on how to get ones life organized. Rose more videos please.
I've just come across your channel and the way you explain and execute things really makes sense to me and I relate to your approach a lot! It's super validating, thank you so much for making these videos!
Thank You!!
You broke it down and explained them really good and everything is just well thought out and organized!
Ive been thinking about these things but there were so many things to think about and I didn’t know where to start
You’re amazing ;3
I love doing the spreadsheet. Me and excel are besties. Just typing in the next set of values and watching all my little algorithms adjust everything is just another level of satisfying.
YES, a money diary series to help young people get started & learn how to maintain healthy money matters. Thank you!
This is so so helpful. I would totally love to watch this as a monthly series ❤❤
The honesty and detail in which you put out this information is nice to see. Its cool to see how others budget
Great video Rose! I am now since being retired to help my teenage grandchildren budget, save and invest. This is the perfect video, plus we all have Fidelity accounts.
Amazing info, Rose! Thank you for sharing and helping others.
Hi, Rose. Thank you for putting this type of info. I have learn a lot from you. You are absolutely right. This is the type of information that nobody really teaches you in depth or show you real actual example. Looking forward to more videos. Be well and thanks 😊
Yes! I love this series, your videos have been the best and I truly love the transparency
Having a separate emergency fund is so nice because you dont really see it until you get the statement from the bank and it is great to see the money grow. Yes please to the money diary I think it will be interesting and maybe helpful. Thanks.
I greatly appreciate everything you share, Rose. I would love to hear about your financial diary!
Love the idea of money diary video series. This video is super insightful and thanks for sharing this knowledge with us! It can be scary to share this knowledge publicly so I really appreciate it
Please keep this up! I and thankful for all the wonderful information you put out. It keeps me motivated to keep up with my finances
Hi Rose! Thank you so much for the financial education. You’ve made such a positive impact on my life, you’re like a financially smart, educated, cool big sister. You are an inspiration to me!
Thanks Rose! I love the 'spoil Jupiter" category!! 🐾Oh, and the Prada one too!!! 👛🤑
Thank you for this and yes please start a "Money Diary" series. I appreciate your knowledge and I learn something each time. Thank you for sharing with us.
Love this video! I'm a new subscriber and look forward to more valuable content Rose! Thanks a million!
So glad I found your content. This was very helpful with diving deeper into investments.
Subscribed in the first 8 seconds, the vibe was there, can enjoy and learn from this content.
thank you so much. i’m a first gen high school student from a very low income family and i’ve never been taught anything finance like this. always viewed money as stress and burden until it was put into these perspectives, love your content!
Rose, you are one of the best ones on UA-cam. Thank you so much for sharing your knowledge and expertise with us.
That means a LOT to me. Thank you!! ♥️
This was super helpful. I’m new to investing & this gave me some good info
I would definitely like a regular video on this! Very eye opening.
Very inspiring! Thanks for sharing your journey!
This was really nice. I appreciate the transparency. Thanks
Hi Rose! Thank you for this video! It was very informative!
Another interesting and helpful video. I definitely like the idea of this becoming a monthly series!
All right then monthly series here we comeeeee! :D
This stuff should have been taught in school.
I had a class in high school called “consumer math”. It taught nothing about saving. It was how to balance a checkbook, how to write checks, and a bunch of word problems related to shopping/purchase. If anything, it encouraged poor money habits.
It makes me so mad that we were learning useless things you can’t apply in the real world meanwhile this is the most important stuff to know.
Honestly you are really amazing. I just became a fan now and would love to see more videos like this. I can tell you put a lot of thought and planning into this, everything was detailed and explained so easily. It’s nice to see someone putting a lot of effort into their videos and wished a lot of videos was like yours. Hope you have a great day and I look forward to some more of your videos in the future. 😊
Rose…remember last year when we got scammed by people impersonating you? As you know, we are an older couple, and we got scammed out of our entire their life savings. What I don’t get is, Rose, you KNEW it was going on and did nothing. It was a very elaborate con, so we put it all on rosehanscam for all to see- It’s very sad that you didn’t do a thing to protect us all. Why didn’t you take responsibility? Rose…why? You were kind at first, but then you got defensive once you saw that it was truly your fault for not letting everyone know…and then you ghosted us.
Loved this video! I hope you continue this series because it’s so valuable for beginner investors and most people who need to learn better financial literacy and budgeting!
Thank you! Will do!
I track my expenses using an app, but I never thought about budgeting by assigning every single dollar to work so I have a bird's eye view for the entire year. Thank you!
Rose, I learned a lot on personal finance by watching your videos. Although I am in a totally different financial environment (other side of the world), I am inspired for my next investment moves by following your example. Thank you. Please carry on the series.
Love to hear it
@@itsrosehan@PatrickWalter324 in this thread is another scam bot…
I don't do any of this BUT it didn't make me feel like I wasn't doing enough. It was EXCITING to find such a good resource to help me plan my own finances. Literally taking notes and looking forward to beginning the journey of taking control of my finances! thanks!
Thank you for offering such informative video which I can share with younger generation in my family. I watched my family struggled with money and learned the HARD way (books, website, financial tv) before social media was a thing. Thank you again for putting this together.
Rose, thanks for the amazing content! Please keep going and more frequently too :)
Great work, I really appreciate your attention to detail and for simplifying your strategy. Please keep making videos like this, I enjoy learning from you
Glad it was helpful! and will do :)
This video is great. Thank you for the information and I hope you continue to make more.
Wow you are so smart. I am 66 years old and I wish I knew this. I have no debt, paid off house, get social security and a small pension. I'm doing ok but I should be doing better. I just don't know who to trust. Video was great. Thank you
"Who to trust" is huge. I suppose, as with anything else, be very cautious when you witness anyone telling you something that seems like it might be too good to be true. And there is so much of that in the finance space.
I'm really excited to start investing. Each video I watch of yours gives me a little more courage and excitement to get started. Thank you for sharing all your experience/info!!
I love your informative videos! Thanks to u a ton😍😍!
Great information and hope you will continue on these topics. I shared it with others that can benefit from the info.
Yes to Money Diary Series. Very helpful.
I have learn so much from all your videos. Thank you!
Hey Rose. This video is very helpful, and I watched it until the end. I like how you explained each item in simple details for those of us who are not familiar with "finance lingo". Yes, please create a series bc my daughter and I are here to learn it all. OAN: I LOVE purses; I am a purse girl! Please show us your new Prada when you get it. Thank you! ~Myra
Awesome, love that you loved it and that you're learning with your daughter! I'll definitely make this into a series, stay tuned! I may change my mind about the Prada purse as there are some other brands I'm considering too but I'll keep ya posted :)
Very detailed video. I love it. For now I am doing velocity banking. After I get out of debt I can assign my every dollar!
Yes please for the Money Diary Series! I’m here for it as a new subscriber!
Maxing out the Roth IRA every year is the name of the game. Awesome stuff
Rose just found your channel love it full of great information.
God work Rose. Thanks for sharing!
Love this! Been working on our budget for years and videos like this definitely help innovate what I already have. Thank you!
Becareful, people who impersonate Rose Han are scamming her followers and she is doing nothing about it:
Rose…remember last year when we got scammed by people impersonating you? As you know, we are an older couple, and we got scammed out of our entire their life savings. What I don’t get is, Rose, you KNEW it was going on and did nothing. It was a very elaborate con, so we put it all on rosehanscam for all to see- It’s very sad that you didn’t do a thing to protect us all. Why didn’t you take responsibility? Rose…why? You were kind at first, but then you got defensive once you saw that it was truly your fault for not letting everyone know…and then you ghosted us.
This was very helpful. Thank you!
This was great info please keep this going!
This video was amazing. It really helped me to know how to save my money. I want to learn More!!
You are the first UA-camr that mentioned/likes IUL that doesn't sell it. That makes me feel better because other YT financial gurus (namely Dave Ramsey, the money guy) don't like IULs.
Yes Rose! Please continue the Money Diary Series 🙏🏾
Yesssss will do, let's gooooo!!!
Also I love a money diary series maybe that would help us all to be kind of accountable with on financial situations.💵💳📈
Please continue this series it's very helpful
Informative video! Please continue this type of content 😊.
Budgets sound like a lot of work. Its good that it helps some people. Thanks for making this video, it is a good community service.
It’s not much work once you have a system in place. I maintain a personal budget roughly as detailed as the one Rose presented. It takes me about 30 minutes once every month. Once you have a system in place, and assuming your savings, investments, and expenditures don’t change drastically month by month, it almost drives itself after a while and it just becomes a matter of fine-tuning.
What was not good community service was alloweing her fans to get scammed out of their life savings:
Rose…remember last year when we got scammed by people impersonating you? As you know, we are an older couple, and we got scammed out of our entire their life savings. What I don’t get is, Rose, you KNEW it was going on and did nothing. It was a very elaborate con, so we put it all on rosehanscam for all to see- It’s very sad that you didn’t do a thing to protect us all. Why didn’t you take responsibility? Rose…why? You were kind at first, but then you got defensive once you saw that it was truly your fault for not letting everyone know…and then you ghosted us.
Good content, I would love if you share your IUL experience, investigation and what type you got including projected outcome and the insurance company. Nice work Rose!
Your channel is so informative, all the video content is worth wactching, You made so much impact in my life when it comes to investing and financial decision. Your fearless and a great motivator, keep on soaring Rose!
Thank you, your comment made my day ❤️😭😭
Rose as always Thankyou for all the wonderful breakdown. Yes would love to see a series of your videos . What are your thoughts on target date index funds via Vanguard?
I would love for this to be a money diary series!
Excellent video and wish I had seen in my early 20’s. I am now 61 and continue investing and live a virtual debt free life through hard knocks and life lessons. Keep up the good work. Very enjoyable.
Thanks for sharing… keep it up… I agree? more people need to discuss the topic of Finances with each other…👍🏽
When I hear “hoping for the best “
I said to myself oh my lord is she talking to me 😮. I really needed this video today, never is late 😊.
Thank you 🙏🏽
Becareful who you trust, Rose does not care about her followers:
Rose…remember last year when we got scammed by people impersonating you? As you know, we are an older couple, and we got scammed out of our entire their life savings. What I don’t get is, Rose, you KNEW it was going on and did nothing. It was a very elaborate con, so we put it all on rosehanscam for all to see- It’s very sad that you didn’t do a thing to protect us all. Why didn’t you take responsibility? Rose…why? You were kind at first, but then you got defensive once you saw that it was truly your fault for not letting everyone know…and then you ghosted us.
Keep your head and spirits up, Rose 🌹
That was a lot of really good information. Thanks
liked this new intro a lot!! hope you keep it!
ROSE!!!! This video is awesome. Super inspirational and informational. Will definitely utilize and hopefully becoming financially independent and free of debt within the coming years. Love this for you. For us!!!!! 🎉🎉
Yay glad you liked this format!! And you got this girl 💪🏼💸
Thank you for showing me how to budgeting save and investing my money.
Hey Rose thx for detailed transparency about finances! Yes, a mthly review of what ur finances + investments are doing is a great idea👍 YNAB, Empower, Mint, Max rewards sounds great, but what do they do will that personal info access on the back end.
I don't leave comments on much videos from any UA-camr but this was a AWESOME Video! I just had to let you know really enjoyed and appreciate your honesty with past struggles with money. It helps being more relatable with your viewers connect with you. Thanks again for all the great content and keep it up!!!
Becareful though: Rose…remember last year when we got scammed by people impersonating you? As you know, we are an older couple, and we got scammed out of our entire their life savings. What I don’t get is, Rose, you KNEW it was going on and did nothing. It was a very elaborate con, so we put it all on rosehanscam for all to see- It’s very sad that you didn’t do a thing to protect us all. Why didn’t you take responsibility? Rose…why? You were kind at first, but then you got defensive once you saw that it was truly your fault for not letting everyone know…and then you ghosted us.
Appreciate your input!!
I also send a certain $$ to a separate high yield savings acct which i call it a "fun fund" mostly using it for traveling!! Out of sight, out of mind!
Excellent. Like you, I gots my mind on my money and my money on my mind!! 😎😎😎
Yes I love seeing people talk about their actual numbers. My parents never talked to me about money and it was such a hard thing to navigate as an adult. Can you also show "how" to open these accounts?
Love this series!