That you realized all of this in your 30s is amazing. I am in my 50s and just working towards being where your at. So give yourself credit for being where you are at now. Keep up all your awesome work.
2:41 can totally relate to not having BIGGER goals. coming from a broke family I never knew how to have big audacious goals until I changed my inner circle
-Your friends determine your future > you'll likely adopt the spending habit of your friends -Ambitious goals > you probably wont remember the random shit you spent in your 20s so spend it building up financial seeds that you'll appreciate in your 30s -Build the right income > there are better income streams out there than your job -Personal Dev > invest in yourself since 'You' are making your money. Invest in yourself -Set Boundaries > be careful about lending/contribution to friends/fam -Be careful of debt -Invest earlier -Budget earlier -
I saw my dad being heartbroken and I thought my generation would be different. I still believe it's how the individual is. Some people aren't responsible and when you have to deal with that, it definitely is painful. Love yourself and have boundaries. I had to learn that.
I can relate to this so much. I’m also in my early 30s heading towards mid 30s and I wish I had worked on different income streams earlier! Thanks for an awesome video!
Love the first one about choosing our friends. The tough thing is really not sure how to find those friend groups, even in a largely populated city like NYC.
Making friends as an adult feels daunting sometimes I know… especially in a big city. Maybe you can try what I did and go to an investing/money meetup or class and see who shows up there! Only motivated people seek out stuff like that when there’s so many other fun things to do in the city…
It's true that some of the most significant life events take place around the age of 35 or younger, but late bloomers like myself aren't doomed. Like some mentioned here, I also grew up poor as hell. I didn't learn about the importance of investing in assets until I was 33, and didn't take it seriously until my late 30s. I got lucky for the most part, but my net worth skyrocketed when I got serious and began buying more properties and other income generating assets.
dont worry about it bro, even if u knew about this in your 20s, you probably cant afford it. Till 30s when people start to stabilize, then they have good enough salaries and networth. So this is your time.
In my 20’s I started my 401k, now I have up 200,000. I ask my coworkers that started working with me at this work place at the same time. He didn’t know anything or no one told him about the 401k plan. So he has nothing save up to this day because he spent as he went all these years. And there’s another coworker that worked with us but he started in 1995, but he never started a 401k plan and didn’t know about it, now he’s kicking himself because he’s a lot older now. 401k is not like the stock market but it’s good to have it when you retire. Now looking back I’m happy that I started the 401k sooner than later
Show me your friends and show me your future, you said it right rose , this really resonate with me .and thanks for sharing the three types of income (1)job income (2)investment income, and (3)business income. Trading time for money is never the best way to earn money, and be heavily taxed. Multiple income streams is the greatest way to go. Thanks a million rose for this excellent, encouraging, informative, and well-informed interesting video.
"Your finances will always reflect what's going on inside.." This is so true. My health and wellness was so bad which led to me overspending and developing bad financial habits. Therapy and reading improvement books did wonders. Put in the effort to improve yourself and it will show in every area in your life.
Rose, your videos are like sitting in front of a fire hose (a good thing!) Often 2 hrs of info stuffed into 12 minutes. Never a need to skip ahead looking for valuable content like with most other videos. Hope you're being well compensated, you deserve it!
I’m so freaking glad you said to really consider if you actually need a degree. At least for tech, I didn’t need one to land software engineer roles or cybersecurity. I freaking loved this whole video actually lol taking notes‼️
In leaving so much comments while I slowly binge your channel but this one really resonated since I'm still in my mid 20s. You made me realise I have so much to be grateful for. I have covid to thank for making me read self development audio books to help work through my people pleasing. My free education, starting investing early albeit small amounts and budgetting. You really inspire me since i was feeling down lately due to my perception of not doing/being enough. Thank you
Rose, you are still so young, and have accomplished so much. I’m wondering if you aren’t seeing the value of all the things you learned in your 20’s? You call them regrets, I call them lessons which contributed to who you are today. Seems like your 20s were some of the best years with regard to development. Anyway, great nails, and can you bring your dog back in the next video? 😊
Rose I'm so grateful to have found you in 2020. I have put a lot more effort into investing the last few years and I can honestly say you were the biggest influence to get me into it. Thank you for putting investing into more simple terms, I will always appreciate you!
I wish i had a group of investment motivated friends when i was younger vs really getting a grasp on this thing so late in life. I've always been a saver, but i should have been more aggressively investing for sure. A lesson learned late. Channels like this is the good thing about technology for sure.
I'm 29 and cut contact with most of my friends in 2019 (because we all had one thing in common and I lost interest in that). On the bright side, I work 50 hours/week and have great connections and conversations with my co workers.
Hi Rose. Thank you so much for these videos!!!! I was wondering can you do a video on people in their 40s or 50s who never invested and want to invest now or just be smarter with their money? I recommend your videos to my kids but I never had anyone teach about finance when I grew up so I basically just worked for my small income all my life. Now I know better and follow a lot of your recommendations but I wonder if there is something different I should do now that I’m 46. Thanks again ❤
3:00 Also look at USDA loans. They are often better than FHA loans. No PMI. No money down. Just pay closing costs. Low interest rates, (though times are different than now.) We got our home under a USDA and it was the best decision that we've made and allowed us to become homeowners. 8:00 Do you have any book or resource information to help me understand how to pick and understand investments? Like stocks, bonds, etcs.
I live here in Palo Alto. I have a friend who went to community college then Cal State then in the last year or so Stanford and now has a Stanford College degree for less than 30 k. Most of the first two years is general education courses anyway.
What I like about your videos is that you are relatable and don't come across as one of those geniuses who just had it all figured out at the age of 10 (nothing wrong with those people btw, it's just that I feel hopeless when I hear them talk about their successes because I feel I'm 20 years too late to the game lol). You also explain things in a manner most of us can understand. That's very inspiring because it gives me hope that I too can get there. I've always been good with money, but what I lacked was knowledge on how to use money strategically. I instead stashed all my extra cash in savings accounts, because I was too afraid to take risks with investments. Better late than never, I'm now at a place where I invest aggressively and have cut out all frivolous spend (other than travel, my guilty pleasure, but hey, gotta live a little, right now). And lately, I've been motivated to build assets, and not simply deploy capital to acquire assets. It really seems possible once you start down this seemingly scary path!
I came from a family of high school dropouts. Ambition was there to improve and not be like my parents. Still numerous road blocks present themselves whether you are up or down. Everything is a learning experience as long as you strive for better you will be in a better place
Hello Rose, I'm Terry, and I am a student founder from Edmonton, Canada. I found your channel while searching on youtube "Why is personal finance so sensitive" as I am struggling with connecting with people to talk about their achievements and struggles to help me understand the problem. I was blown away by your insights and your genuine self to your audience. I would love to connect with you and learn more about your journey and your perspective on personal finance. I think you have a lot of valuable experience and wisdom to share. I'm really looking forward to hearing from you. Thank you for your amazing content and your inspiring message. Best, Terry
Preaching to the choir here. I relate. Though still working on these changes a bit late but they say you have to start somewhere. Though if you are in your 20s, listen to this video.
Another to keep in mind-talk therapy isn’t the only therapy out there. Multiple forms of non medicinal or medicinal forms of therapy that help many. For a lot of people talk therapy makes things worse. After multiple therapists if you aren’t getting better or noticing any changes then try something different. Just search what your state offers/insurance.
I enjoy watching and listening to other people’s experiences in the financial arena. I have a college degree that I can frame but really had nothing to do with the career I ended up getting into. In fact I know co-workers that never went to college and we all make 6 figures with over time. It is a trade off for me my job enabled me to buy real estate, have a nice pension and medical. Passive income is great if you invest in the right areas.
I had to learn how to have healthy boundaries with giving too much money to family. I actually would be in a better place, if I didn't do what I did. I still believe people matter more than money, but in a world where money matters so much there are limits to make sure you can sustain too.
Started with your video on buying property in MÉX and I want to tell you that I freaking appreciate your perspective on so many things 🙏🏼 I send you blessings from Germany, our goal is to buy our first home in MÉX next year, will keep you updated 😀
"Dont wait until your thirties to do personal development" I guess its good I started in my late twenties at least lol. But yeah my mental barriers and difficulties put a hamper on my own development quite a bit. Mental health like investing is pretty much never too late to start working on.
My child CLEPed the freshman year, went to a community college, then transferred to a 4 year college. It saved quite a bit! He commuted from home, so no housing costs.
I will be forever grateful to you and your content. The pandemic made me look at my finances in a completely different way and your videos were the first ones that took me by my hands and showed me the light at the end of the tunnel ( I had just turned 50) I remember the first video that I saw was on how to “pay yourself first” a concept I did not comprehend until I saw your video, and as soon as you mentioned the book “The Richest Man in Babylon” I knew I needed to see and hear more of your videos, which to me are ‘nuggets of gold’…❤thank you!
Great info but why isn’t Jupiter in these financial videos? A cameo at least would be nice. Also, I miss your lifestyle videos. How about two financial and two lifestyle videos per month please. Thank You, Rikki
I spent time in my 20’s with cousins that use me for money and then spent time in my 30’s with friends that goes to the casino or just gamble with other friends then you go broke with them. Now I cut out my cousins and friends, I started to save thousands and now I started to realize that cousins and friends were just using me for my car and money. Yep you are who you hangout with.
Thank you for creating such an informative and engaging educational video. Your dedication to sharing knowledge and making learning more accessible is truly appreciated. Your video has helped me to better understand the subject matter and has inspired me to continue learning and exploring new topics. Keep up the great work!
thank you for sharing your knowledge, i also dont drink and i had a similar experience when i agreed to split the bill only to realize i lost a lot of money but i learned from it now xD
Do you know good chat groups or group meetups to find financial goal-oriented people? I want to find people that have good financial goals so I can learn from them.
Yea I have to invest and “we are so used to have to work for every dollar” people who aren’t Americans will laugh about that. For real. It is true. I literally could of had close to 100K if I invested at age 17 when. I managed to save 10K for a car. I was taught “the banks are evil don’t listen to nah of them, keep your money! Save it!” Then I learned about compound interest 7 years later and I’m still not well rounded about it
If you have a 20 year outlook what is your opinion of investing in USA especially with the de dollarization, growing US debt and inflation? If stagflation occurs how long do you think it's going to run?
Business & Investment income is best, but it's not easy to generate a consistent liveable amount. And you'll likekly need Job income to build up Business/Investment income
Surrounding oneself with the right people is truly important, and I cannot agree more. As Asian American immigrants, we often feel a pressure to conform and fit in during our younger years. However, I've come to realize that the only friendships that truly matter to me are with Ben Franklin, Ulysses S Grant, and Andrew Jackson. They don't engage in gossip or manipulation! LMAO!
Landmark was amazing for breaking down the false beliefs I had about myself and people around me. It's one of of the few things that can actually drastically change your life in a few days. Their marketing is a bit cult-y though.
Life doesn’t have to be centered around investing and income streams. In college, I set the goal of becoming a dentist. Practiced for 40 years, derived so much satisfaction, and wealth, from providing care to people. Married my high school sweetheart at 22. She worked while I attended NYU Dental. We had our first of 4 children at age 28. All are successful professionals. Our 30s and 40s were all about work and family, not looking for rental properties. My wife went back to school, earned a Master’s Degree in Education, and taught 3rd grade into her 60s. She was as passionate about her career as I was mine. Our financial security now is a by-product of income doing work we loved.
@@talhacreates4944 My point is that if your life revolves around building wealth, you’ve wasted your life. Obviously I invested heavily in my 20s, in myself. Achieving the goal of graduating dental school required sweat equity and many dollars. It paid off over 40 years of fulfilling work, that let me retire as a millionaire. When you love what you do, retirement is bitter sweet, not something you think of as the brass ring. Our worth as human beings is not measured in dollars. It’s measured by the good we do, the relationships we build,and how much we maximize our potential.
The first one is huge not for just habits but similar interest and networking! I just created my own group called Winners Circle and will start planning meet ups in the summer 😊! So far I have met amazing ladies who are just as ambitious and healthy as I am!
Cool, though I can honestly say that the most obese, broke friends of mine are the ones I turn to when I need _real_ help. I know your monologue isn't trying to discount that, but it feels like it hopscotches the unmonetizable nature of good human connection.
@Rose Han: > such a stupid question to ask , but can u give some simple examples of self development u have in mind... or what u would suggest/ recommend
Not a stupid question! Reading books is the easiest/cheapest form of self-development. Classics like “How to win friends and influence people” or “Think and grow rich”. Then there’s talk therapy, and the Landmark Forum which was my first major self development thing. Beyond that there’s meditation, psychedelics and everything in between! It’s quite an addictive rabbit hole but for sure timeless books are the first place to start!
I need to know Rose. The guy you met at that gathering, can't remember what it was called. Something like Dead Man something. So can you tell me, are you still with him or did you kick him to the curb??
