Financial Tips They Don't Teach You in School!

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Xisuma Says Playlist ► • Xisuma Says
Are you stuck in a financial situation that isn't ideal and realize that you've never been taught basic things about finances that would have prevented it altogether? The sad truth is that, for many of us, finances are not taught in school and we have to learn the hard way. Xisuma teaches us what he has learned over the years that keep him finincially healthy and allow for a less stressful life.
Taken from the Hermitcraft Livestream 19/09/19
• Hermitcraft IDEA Store...
Edited by Adam Aarts
/ adamaarts
Links!
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#xisumasays #financialtips #financialeducation

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1 июн 2024

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Комментарии : 1 тыс.

@adlanhaziq 4 года назад

You’re a top bloke, Xisuma. If you weren’t doing Minecraft, I’m sure you’d be a motivational speaker

@consonantrate8658 4 года назад

Hai ziq

@mayaaaluna 4 года назад

Why not both? :3

@coolkidbmx6851 4 года назад

Too bad the guy has the gnarliest teeth

@adlanhaziq 4 года назад

Cool Kid BMX How do you know? I thought he’s never done a face reveal

@mattyd2248 4 года назад

@@coolkidbmx6851 ???

@altahir9515 4 года назад

"if you notice you're down a hole, the first step is to stop digging"-some cowboy wisdom for thought

@rada4288 4 года назад

ngl i kinda needed this comment

@sahar1213 4 года назад

When you mine straight down

@yoavshati 4 года назад

the title has a redundant part in it. It could just be "Financial tips", as none are taught in school

@pitta3114 4 года назад

yeah, but some classes are made especially for financial things maybe? like in uni or college?

@capndrake2507 4 года назад

I am in eighth grade and our school is very lucky to have a finance class. edit: bruh how'd I misspell eighth?

@cameronmcgehee 4 года назад

In VA you are required to take economics and personal finance. I would like to know what places don't teach it...

@Mom-yg1rt 4 года назад

Cameron McGehee I think it varies from state but yea it’s a standard at least where I am

@Blue_Caribou 4 года назад

@@Mom-yg1rt In the UK (where Xisuma is from) there are no mandatory classes in finance. You can opt to take a two year qualification in "business studies" or "economics" at A-level (age 16-18) but at that age you're limited to four subjects, usually, so few people take them. Some schools do give some financial advice classes but it's usually as part of either the 15-25 minute registration class at the start of the school day or as part of the PSHE (personal, social, health and education) class, which used to be called "sex ed". It's very dependant on what school you go to though, and even in schools that take it seriously, often the students don't!

@itstayaki 4 года назад

As a 16yr old watching, I'm thankful for these tips. I'll take them with me into the future!

@ElectricityTaster 4 года назад

They are shit tips, for the most part. Didn't even explain compounding interest and the 72 rule. Go do the free finance course on Khan Academy if you actually want to learn how to manage money.

@carloburton6626 4 года назад

Electricity taster your life is a shit tip.

@ephraimhxe1799 4 года назад

@@ElectricityTaster mate, he's just giving certain tips, not explaining all of finance. Also, yes, Khan Academy is a better source for everything.

@ElectricityTaster 4 года назад

@@ephraimhxe1799 He's giving people the false impression that they understand finances. That can give them a false sense of security. And the tip about not going into debt is plain wrong, so he is also giving bad advice.

@ArtisticScratch 4 года назад

@@ElectricityTaster Explain what is so false about them, i would love to hear it.

@nilufertrylandkilicaslan1696 4 года назад

In Norway we have a saying that goes: ”You shouldn't sell the leather before the bear is shot“ and I think that's a really good advice, especially when it comes to money

@BramVanhooydonck 4 года назад

especially when it comes to bears as well

@adamwerstiuk4716 4 года назад

In North America, or at least Canada we say “Don’t count your chickens before they hatch”

@mostlyharmless5149 4 года назад

@@adamwerstiuk4716 yeah we say that in America.

@thomas_h 4 года назад

In France we say the exact same thing. I wonder where that saying comes from in the first place...

@FinAce 4 года назад

In finland we say "don`t shoot the communist before they invade"

@nonegiven2830 4 года назад

Grimes's economics of boots is always a great example of the poor getting treated badly. The rich man who get 50 gold a month can afford to buy the expensive boots that cost 25 gold and they'll last a life time. The poor man who only gets 5 gold a month has to buy the 2 gold boots which will wear out within a few months and then they'll need to buy new ones.

@anonanon9489 4 года назад

Me: Lives in America Also Me: Gets into an unavoidable accident Guess I'm in life long debt now.

@connor5890 4 года назад

@@Dover939 not true. Not everything is covered, not everyone can afford insurance, and many people can afford insurance but are under-insured. Also if you end up going to a hospital that doesn't work with your insurance company, you're still fucked. If you get laid off from your job and something happens to you before you get your next job you're fucked. Lots of people who have medical debt still have insurance. You have to have really good insurance to be completely safe

@aarontheperson6867 4 года назад

@@Dover939 bro if you're poor just get health insurance OMG gosh

@Dover939 4 года назад

@@aarontheperson6867 Especially if you're poor, because in America it's fucking free.

@OathkeeperAlexiel 4 года назад

@@Dover939 LMAO no it fucking isn't, literally what are you talking about??

@lapeez2277 4 года назад

That's why you save, literally the point he made

@ryc2236 4 года назад

I would love to see Xisuma's point of view on college

@thugTaters 4 года назад

It's good for some, but not everyone. If you dont mind working with your hands, definitely consider a trade, I'm going to classes for electric and not only is it already paid, I get a return on my grant that I got (basically paid for going to school). Due to a shortage of workers in trades at the moment some places are willing to pay out 6 figures. This is all relevant to America though, unsure of across the pond. But definitely know that trades are an option. College is great, but so are trades!

@ChangedNames 4 года назад

@@thugTaters Always take it, unless you're an american then go to comunity collage or trade school

@jasontodd7450 4 года назад

@Samuel Prince I agree with the philosophy part a 1000%, but we'll also always need doctors and nurses and things that do require a college degree, instead of just a trade or technical degree. It all comes down to where you live, and what the job market is like there.

@natekoterba8520 3 года назад

Jason Todd I totally agree

@UnknownSquid 4 года назад

"Don't go into debt" I'm pretty sure I was roughly 7 years old when I learnt that "going into red money is bad and makes you lose the game", back when playing SimCity and Themepark as a kid. Was rather easy to grasp that having less than zero was something that should never happen, regardless of whether that was Hit Points or money. The part I didn't quite grasp at the time was the stock market. Way too many numbers, with no idea which were "mine" or what they meant. Bunch of magic buttons which just made your finances go crazy like a roller coaster. $10m in the bank one moment, and then suddenly "Blam, you're bankrupt" without any warning. Morale of the story is that seven year olds probably shouldn't play the stock-market without parental supervision. ._.

@onyxtay7246 4 года назад

The stock market is an odd thing that I still don't get (mainly because I haven't invested time into learning about it). But it is a good way to make money if you know what you're doing, though you do need money to start with. My brother's in the army at a quiet post, so he's made a good amount of money trading while sitting around on guard duty. Of course, he also lost a ton of what he made by continuing past where he should. It can be hard to tell the difference between smart and lucky. Like most risky ways to make money, it's best to quit while you're ahead.

@landonpeckham7752 3 года назад

@@onyxtay7246 It's basically investing in a company and if the company is successful you get money from the profits. If the company begins to fail you have lost money.

@jangtheconqueror 2 года назад

The stock market is a tricky place. I think people who are paying attention to the businesses that they're investing in will do well, especially if they know well established strategies, but people who try to get in it without any knowledge will probably fail. I choose not to put my hands in that area, because I don't have the interest (no pun intended) or energy to keep up. I prefer to just do my work, create stuff of value, etc.

@c2gsovermind 4 года назад

X, for the credit card, you forgot to mention that paying it off every month helps build up your credit rating, making you more favorable to banks for future loans!

@peeblekitty5780 4 года назад

He does just advise against personal loans and going into debt in general, tho. But I imagine the ability to take out a loan when needed would be really helpful in financial emergency situations

@Black-ts3oh 4 года назад

@@peeblekitty5780 it can help you get lower rates on a mortgage. Still helps when you take out your biggest loan.

@frank_yang 4 года назад

@@peeblekitty5780 only go into debt if the debt makes you money ie mortgage of 1000$ per month but you rent it to other people for 1400$ per month

@zackverbrugge2839 3 года назад

A credit score only helps you get into more debt. It doesn't help you get a job, a house, etc.

@Sunkgazelle 3 года назад

@@zackverbrugge2839 In some places, for some jobs, it does apply

@swiftdrifter01 4 года назад

“Analysing literature is more important than how to take out a mortgage.” - Teachers 2019

@swiftdrifter01 4 года назад

And 2018, and 2017, 16, 15, 14, etc

@TimHoppen 4 года назад

Mortgages are gross though, and there's really no way to avoid getting screwed. The effective interest rate on a 5% loan over a traditional 30 years loan is over 90% 90% interest It's important to teach how much it sucks, but it's just how it is.

@swiftdrifter01 4 года назад

Tim Hoppen EEWW MORTGAGES ARE GROSS

@swiftdrifter01 4 года назад

Tim Hoppen but seriously yes

@quatricise 4 года назад

You need to get a finance advisor/consultant on your side and they can get you better conditions for your mortgage. I think you can also combine your mortgage with an investment fund to pay it off sooner. In czech republic it's possible to not overpay a mortgage at all, if you go to a finance advisor from Partners for example. But don't take my word for it, try to find out how it is in your country.

@BramVanhooydonck 4 года назад

These are some small things you can save money with: - filling reusable bottles with water instead of buying plastic bottles - GROW YOUR OWN FOOD/SPICES if you can: it only costs you the seeds - cook at home as much as possible (as xisuma said) - take your own food to work, especially LEFTOVERS if you can: it'll save expenses on food and you'll have more power for the afternoon if you have something warm to eat - try to reduce using the heating as much as possible (BUT be aware: at the moment most poor people die because of the cold rather than starving)

@fancyguyy 4 года назад

yeah I just use my blankets

@greenishspacedude577 4 года назад

Bram Van Hooydonck Great tips !

@maximosolimandi3637 4 года назад

Great tips. Its strange why people here in Argentina dont grow their own food (In the town i live every house has a garden where you can plant something, the climate is also greate and theres also a government company that gives you free seeds. My mum does all of this and its super simple but we dont have to buy tomatoes)

@MKermy 4 года назад

Yeh I dont think anyone buys plastic bottles every day I think they just use tap water Also really good advice get a fucking credit card and only use it for netflix or smth and see you're credit score go slowly up

@ondrapolanecky5313 4 года назад

imo is better to invest time into more working than to invest it into growing own food

@lewismassie 4 года назад

When it comes to prepared food, you pay for the labour to make the food item as well as the ingredients that went into it. One useful thing that I learned is this: If you go into a shop and see a $1000 TV on sale for $100 and you buy it. You did not save $900, you spent $100. The only time this doesn't apply is if you immediately sell the TV for a profit , or you went into that shop to buy a TV in the first place. EDIT 19:22 sorta what Xisuma and Rex said here

@purplefire2834 4 года назад

Haven't watched the whole video yet so maybe X said this, but if you're getting fast food you're paying almost only for the labor of the chef. If you go out to eat at a diner/restaurant, you're paying for the labor of the chef as well as the waiter and the tip.

@CantEscapeFlorida 4 года назад

Prepared food at a restaurant doesnt just pay for ingredients and labor. It pays for overhead, maintenance of the establishment, etc. Its usually 3 times minimally the cost of the food.

@rayke0627 4 года назад

Everytime i bhought something expensive. Like my phone, it turned out there was a sale

@jjmartin1214 4 года назад

In responce to the tv thing, that is always the case unless you are after a new tv and actually have the funds to support that purchase properly

@jamescanjuggle 4 года назад

Yep it's a common sale tactic in most stores, You don't save 900€ on the tv, you spent 100, and they sold a TV

@thogameskanaal 4 года назад

My friend: *reads personal development books on how to become a millionaire fast* Me: *watches a random dude on youtube explaining how to handle money while playing minecraft* But in all seriousness, great video! Very valuable advice!

@smugless191 4 года назад

>Implying I'm not in debt in order to pay for school (university). But yeah, this is some really good advice Xisuma.

@seventown 4 года назад

I THOUGHT THIS WAS 12 MINUTES THEN I WATCHED THE WHOLE THING WITHOUT LOOKING AT THE TIME BECAUSE IT WAS SO INTERESTING

@Diddy56702 4 года назад

Xisuma: Cut out alcohol Me, a Uni student: What is this fiction!

@mickbreiting 4 года назад

Kind of mentioned it in the video, but yeah, do not look at discount, especially if you are buying food like pasta, look at price per kilo, get the cheapest price per kilo, and never more than what you need :)

@LilChuunosuke 4 года назад

Yes! I always look when something says the price per unit to get the most out of my money

@LinkEX 4 года назад

Good advice. Though all points combined do have one exception: If it's food that can be stored for months, in case you're going to buy it either way, _and_ it happens to be the cheapest option without a discount, _then_ you can buy it in bulk.

@sierraanderton4425 4 года назад

Fortunately, the highschool I went to had a class called Teen Living, that taught things like this. It was an elective, so not many people actually went to it, but I did, and it was so helpful! The class taught us basics to cooking, cleaning, basic psychology, the development of the brain, how to care for children from new born to toddler, good financial habits, insurance, loans, emergency sewing to fix small things etc. I still use what I learned constantly. If you are still in high school or going to one, look out for similar classes. Edit: Spelling

@c2gsovermind 4 года назад

to the fan who asked about starting a cafe, the best advice that I've heard is to create an LLC business, and take out the business loan that way. This way the LLC company you create will take the responsibility for the loan, to keep your personal finances separate from the business (you know, in case the business fails, your credit isn't ruined). really, seek a financial professional... otherwise, solid advice X!

@renderedpixels4300 4 года назад

limited liability anything is a good way to get started. more people are willing to pitch in because theyre at less risk

@jackgooge2601 4 года назад

Also try to get a partnership, yes it cuts your personal profits but LLC partnership gives you a safe bet to fall on in the worst case.

@livedandletdie 4 года назад

Also a tip, try to base this LLC in Delaware. And have that LLC own your brand name and logo, and then have your bakery pay like 90% of it's profits to this LLC as to be able to keep using the brand name and logo, that way you won't have to pay as much taxes. I mean every major business in America already does this.

@ToxicSocks24 4 года назад

When you get your first job, get a cheap apartment that only takes up a quarter or so of your salary, the other quarter or so will go to other expenses like food, then put the other fifty percent or so into savings. After a few years, you'll be loaded!

@emiledesforges4890 4 года назад

Yeah I agree. Always living below your means is crucial to saving

@gbfj7683 4 года назад

You forgot the 49% to taxes :/

@ToxicSocks24 4 года назад

@@gbfj7683 oof

@bruhmoment7546 4 года назад

@@gbfj7683 where the fuck do you live that being in the lower tax income bracket, that you are paying 49%?

@sirnubless 4 года назад

@@bruhmoment7546 I am thinking south America

@sage7516 4 года назад

As someone who is still in school and is an absolute note taking freak. I reccomend buying a nice pen with refillable ink cartridges. I've gone through so many pens, which has costed me tons. But now I buy a single pentel energel, and then buy like a set of 5 or 10 refills. It has saved me tons, especially since its such a nice brand. If you're in the long run for school, I definitely recommend. Just never ever lend these pens because people will take them. I've gone through so many refills, which makes me think that if I didnt do refills, that's a new pen each time. This is also a good investment for your education!

@PatrikKron 4 года назад

Moo It also so much more enjoyable to write with a nice pen! If you don't tend to lose pens I you could also go for a fountain pen (Lamy Safari is a good decently priced one) it's a bit different to write with, but I prefer it over other pens. It's a bit more expensive to by the pen (~20-30$) but you can refill it with bottles of ink which last way longer than a refill. It's a bit of extra work to refill the pen, and to clean it out every now and then. But I think it's worth it for the writing experience + you can save money in the long run. At least if you don't get into fountain pens as a hobby like I have done :p (The most expensive ones can cost >$100000, but that could be said about almost everything, like watches can be extremely expensive or just cost a few dollars).

@shifty3453 4 года назад

I don't think I have ever used an entire pen. I also can't remember ever buying a pen

@sage7516 4 года назад

@@shifty3453 I write an insane amount. I use like 3 refills for math alone last year.

@randomguyonwifi 4 года назад

I never knew refillable pens even existed! Saves me a heck of a lot.

@sage7516 4 года назад

@Barlie Checkwith I've definitely picked up some pretty good pens before but very rarely. Wish I could find bunches, too.

@BartZeroSix 4 года назад

19:35 A tap of glass water? Doesn't seems healthy to drink at all!

@guineapigmart882 4 года назад

in some countries tap water is fine to drink, not in all countries

@madeleineruusu 4 года назад

Why, it's certainly better than a coke of bottle ;-)

@natsoph1924 4 года назад

Guinea pig Mart ''tap of glass water''

@iceilliden1910 4 года назад

In Serbia its perfectly fine ... even better than bottled one

@Roma-cx1ex 4 года назад

Glass water.... XD

@PashaGamingYT 4 года назад

“Don’t go into debt!” *My goodness, what an idea. Why didn’t I think of that?*

@mtado4933 4 года назад

Thank you so much for this video! you have changed the way i look at discounts, and gave me a really helpful subreddit! please keep the life advice coming, I am 18 and my free trial for life has ended, I need all the advice

@peeblekitty5780 4 года назад

"I am 18 and my free trial for life has ended" i love this interpretation

@thugTaters 4 года назад

Feel ya on this one.

@marco_219 4 года назад

In the same boat as you buddy

@cossyboy424 4 года назад

Read rich dad poor dad

@Webster9214 4 года назад

MT ADO, also look into different apps to earn money for when you shop, I use store apps for stores in my town but I also use receipt hog, ibotta, and couponing apps like coupons.com. look for couponing/discount groups on facebook! I've been doing it for years because I come from a family of 6 siblings and with money being tight I always found a way for my dad to be able to get what we needed at a cheaper price, I even worked at the grocery store for a while so I could use the perk card to get a 10 % percent off my orders. Another great thing is food prep/planning. Get a calendar and write down what foods you want to make over a certain period of time and buy stuff just for those dishes and not impulse buy.

@lepolvoronn1112 4 года назад

Xisuma you forgot to say gambling is just a waste of money and time. Yes it might get you some more money but will you be doing this long term? And its a addictive trap they are literally tempting you to spend more money not earn. Plus it teaches us to be irresponsible in handling money.

@Stizzer123 4 года назад

Yes and no. It depends on your outlook. For me personally I enjoy playing poker. I can go to the casino, pay £20 to enter a tournament, get unlimited drinks that are offered while there and have 7 hours of entertainment playing a game I like. And if I do well, I could earn money! Alternatively, I could spend £20 on a bottle of vodka, get drunk, go to a club and party, most likely spend more money on more drinks that aren’t needed, get food at the end of the night etc. Spending well over the £20, I had just as much fun, maybe, but it cost me more and I regret it the next day as I’m now hungover too. I’d rather spend £20 a week at the casino than I would spending it on a night out.

@natsoph1924 4 года назад

Certain gambling is bad, however professional blackjack players make $400+ an hour.

@windflier1684 4 года назад

Only dumbasses tend to gambling for earning money, that goes without saying.

@alsodharga_679 4 года назад

DocM said something really great about gambling in one of his videos, which went something to the effect of "You could spend $15 to go to a movie, watch that, and maybe spend a little more on snacks/food. Or, you could go to a casino, put $15 in, play a few games, and then back out if or when you break even. Gambling is fine, just don't count on an income from it" I thought that was really good advice.

@Stizzer123 4 года назад

@@alsodharga_679 Essentially what I said but more concise haha

@octobsession3061 Год назад

Xisuma : don't go in debt College : That's not yours to decide

@corey5609 4 года назад

My teacher taught our class about credit scores and what they mean and do. He's one of the best teachers I've ever had! (He first taught us this in 6th grade and since he's an elective teacher he teaches us this every year) he taught us about -Don't eat out-a-back-a steak house every week. (save money) -Don't by the sammari swords (Don't spend money all at once) -Don't go into debt (it will hurt your credit score) -Have a good credit score (helps when applying for jobs and ect. -SAVE SAVE SAVE (This will help you when you get in a bad situation)

@whitecunt6903 4 года назад

Why does the internet always holds so much important things for the future than our school

@genshinpostingch 4 года назад

Funnily enough, my school actually has a lesson of teaching you life advices like this!

@copiaenthusiast 4 года назад

Joshua Poon why don't other schools do this? *i am confusion*

@genshinpostingch 4 года назад

One important thing I learnt is that think of debts as borrowing money from your future self with an extra costs, so don't go crazy with mortgages.

@anamewoah5336 2 года назад

Good for your school!

@BOXXYwhat 4 года назад

If your tap water tastes bad boil it and then store it in the fridge in reusable bottles or jug

@dogemaster6473 4 года назад

Nobody: Xisuma: do go into debt! Greece: (chuckles)

@sjege 4 года назад

Man, I don't drink and do not miss it at all. I do have debt from studying but it is without interest(Netherlands is really great in that regard) and the debt is payed over 35 years so less than 10 euros each month. Another tip: Stop buying stuff on the go, think about your purchases before hand! And NO GAMBLING OR LOTTERY TICKETS! Only gamble if you are going to a casino with friends just to have a good night and consider that money as spent.

@NitroNova 4 года назад

I remember when I was in a history class in high school... my teacher told us to usually to use a credit cards when you do have your aaving started because for all the reasons you mention but also So when you can be able to pay it up you can keep a good credit score...

@blueso5351 4 года назад

iEmily Arps you don’t need a good credit score if you never borrow money.

@ultimatedude5686 4 года назад

Blueso A bad credit score can lose you a job

@blueso5351 4 года назад

DJDJStone I personally believe living under your means, but yeah I can see what you are saying.

@nolan9101 4 года назад

Blueso I’m about to move out of my parents’ place and nearly any renter will run a credit check on you. They’ll be more likely to rent to you if you have a good credit score than none at all. I used to think that way, but now I accept that it’s generally a good thing to have good credit instead of none.

@matthewparker9276 4 года назад

I got the same tip when starting uni, but to just use the credit card for one small thing, like a Spotify subscription. Something you should definitely have the funds to repay, even if you need to locate all your loose change to do so, but because you have that card, and pay it off on time, for several years, you get a good credit score.

@Linkiscool115 3 года назад

I know this video has been out for a while, but about the eating out food part, I learned early on that eating out is expensive. I've discovered some cooking channels and it makes me want to cook, so I dont have to buy fast food and try to be healthier.

@harveyyeo6143 3 года назад

19:36 xisuma: ...A tap of glass water.

@tgttech9664 4 года назад

I started my interest back account at the start of this year and rarely spend and from this, I have been able to save about 600 au dollars and I'm only 13 earning 10 bucks a month of recycled bottles. This video will help me a lot thanks man

@Hanguyen-mg1ue 4 года назад

TGT Tech you have a bank account at 13??????

@madeleineruusu 4 года назад

@@Hanguyen-mg1ue some countries you can do that :D

@Hanguyen-mg1ue 4 года назад

@@madeleineruusu wow the more you know am I right

@jodzict 4 года назад

How to not go into debt: Don’t go into debt

@reuye7886 2 года назад

This was really helpful for me. Im 21, and watched this when I aws 19- 20k in debt, because of student loans. My job pays $9/hr. I ended up getting out of debt, finding a new job, and completing university because of this video. If you ever stop youtube, you should give speeches. I'd pay hundreds to listen to them.

@patitarem 4 года назад

Story time So i was in 6th grade, and we were supposed to do this project about money management or something like that, but my teacher said that it wasn’t essential so we barely had ANY TIME to actually do the project, instead we spent most of the time we were supposed to do the project learning about history because according to my teacher, ‘history is very important’. Then she got mad when we couldn’t finish the project and nearly failed us, but she couldn’t and she nearly got fired. I still don’t understand her.

@jh5401 4 года назад

That interest and credit thing at 16:00 was something I never understood before

@hahabearseathoney 4 года назад

This is really good advice but it just kind of feels like debt is unavoidable, especially with university. Guess I’ll die.

@mimi-iv4ck 3 года назад

I'm almost 18, I've never heard about any of those things no one has ever taught us literally anything I'm actually shocked bc I understood half of the terms you used

@SurpriseTea 4 года назад

2:40 While taking your food from home on the go is something you should totally do, I want to bring up an adjacent topic. There is the idea of avoiding semi-finished products, cooking yourself instead. While it's true that it saves you some money, consider the time you have to spend on cooking. Maybe it's actually more efficient to put that time to work and get more money than you'd save from cooking. And after all, not having to cook is a quality-of-life feature, and QoL is the last thing you want to be saving on.

@blobfish7294 4 года назад

Also when cooking your own food you can make healthier choices for yourself. So in the longterm cooking healthier meals will save a lot of your life

@The_Joda 4 года назад

Thank you X. I turned 18 about a week and a half ago and I haven't the foggiest what I'm doing with life, and to be honest I am super scared. But this and the fitness video, among others, have really helped. I've started to eat better and exercise more, and I'm determined to be better with finance (now I know what it is). Now I've just got to find a job that doesn't require experience, expensive qualifications, or a driving licence. So just thank you. You've been a massive help.

@dreamerrealms2438 4 года назад

Good luck!

@The_Joda 4 года назад

@@dreamerrealms2438 Thank you, and to you too. :)(:

@JMarswav 4 года назад

I think I like this channel more than your main one. 🙏🙏🙏

@CruxCraft. 4 года назад

When peanut butter is on sale... Buy the shelf!!

@sarahdougall9535 Год назад

I was told two things as financial advice, besides staying out of debt: 1) run your cars into the ground. Do not buy a new car until you absolutely cannot function with the one you have 2) Always have enough money/food storage to get you through at least 2 months in case you lose your job or a significant amount of pay

@system128 4 года назад

Teachers say that writing a 10-page report is important for getting a job, yet a fellow RU-vidr can teach people about life way better.

@sjiht0019 4 года назад

Lol X, where I live the interest is like 0.07%. I mean it's not nothing but it's not much either.

@jt8821 4 года назад

You are just losing money slower. Due to money losing value faster than the intrest.

@Ok-fu5yi 4 года назад

Sjiht001 invest in stocks theb

@Silversteen197 4 года назад

The small expenses are some of the worst. Imagine buying a coffee everyday, it's only $2, but that's $730 a year, For Coffee, never mind entire meals. I'm very thankful that you are willing to talk about these subjects, school teaches you a lot, but not some of the life skills that are needed throughout one's life.

@meepmeep4311 3 года назад

"if you're not wasteful, it's not wasteful" Solid advice

@IkhmalZikry 4 года назад

2:08 i thought i heard X said "when push came to shovel" lol

@FalcFalcFalcFalc 4 года назад

Minecrafter teaches his audience how to evade taxes

@thatpitter 4 года назад

Juan Ignacio Falcone why we love X - he isn’t doing this solely for the money, he’s doing it because he wants to better others lives through entertainment

@TyphoonBeam 7 месяцев назад

Honestly a lot of this is stuff I have considered, but it's great that it's a more commonly known thing. Especially the part about not being wasteful.

@supermanacf 2 года назад

I feel like the things we do for potential social interaction with new people, are the areas that end up costing the most. Going to the gym, going to a restaurant, or a bar, schooling... Like so many of the defaults for socializing are tied into spending money.

@bmking1015 4 года назад

xisumasays: "If you're getting 1000% off, you're still paying the price" Math: "Am I a joke to you?"

@edrispro 4 года назад

1000% off could mean that there's a discount worth 1000% of the remaining price.

@LinkEX 4 года назад

@@edrispro 900%, depending on how you define "discount". Assuming it can go beyond being free of cost if the discount is over 100% (and reach a negative price number, i.e. providing you with money). You'd make a 900% profit of the original price, since you pay 100%-1000% of the original price.

@edrispro 4 года назад

@@LinkEX I meant is as in like, let's say the remaining price is $1, but they advertise it as $1000 off (original price 1001) thereby having the "discount" being worth 1000% of the remaining cost.

@bmking1015 4 года назад

@@edrispro I don't think that's legal where I'm from

@edrispro 4 года назад

@@bmking1015 oh do they regulate advertisements? Where's that?

@malcomthonger 4 года назад

Saving young is a great idea, I'm only 16 and I already have R1000 (South African currency) in a savings account where I earn money on that money, It's not alot, but its something and the interest rate on the account is 5% so it's not too shabby either! Saving money makes making deposits on cars and other things that need deposits or alot of money alot easier, debt is not good, my mother is in debt and it's a tricky situation to get out of, unfortunately, the economy is a rich get richer system, if you cant stay ahead of debt and owing money, youre one step ahead of the system!

@audreyhopkins1573 4 года назад

this guy is so sweet that when there was a turtle in his way he took the time to gently push it away and not hit it

@firstlast-qn1tz 4 года назад

A lot of people point out the flaws of schools for not teaching financial strategies, yet, at the end of the day, school kids don't actually do not care about financial stuff, they have no appreciation for the importance of money (not the value, a lot of kids work, not many fully rely on their own money).

@lolbenz 4 года назад

When i eat out, i only do it with friends and i take one of the cheapest stuffs of the menu

@dwolf9385 4 года назад

Yes! I need this so much as a 16 years old kid

@natsoph1924 4 года назад

D Wolf Buy Tesla stock!

@dwolf9385 4 года назад

.... what?

@xsamsungg5735 4 года назад

@@dwolf9385 don't buy stocks based on some random dude on youtube

@filip9564 3 года назад

@@xsamsungg5735 True but in this specific case he wuold have quintupled his money if he did...

@hazzballgaming6790 4 года назад

3:40 where I live, buying food from cafe's and takeout shops/restaurants will cost something around 10-16 pound per meal, while buying food from the local shop or supermarket will cost around £3 a day. Which is better? Lol... I see loads of students constantly going to fish and chip shops and I always just face palm lol. They complain about not having any money, yet always buy the most expensive things xd

@Lorentari 2 года назад

16:00 - Btw, if you live in a country like Denmark where interest is negative - use a debit card.

@viziroth 4 года назад

the never go into debt thing is a bit late when you already have student loans. 🤷‍♀️ nothing like a $1300 payment every month

@ApollyonZKX 4 года назад

Ouch. That doesn't sound good at all

@viziroth 4 года назад

@@jakobharvey352 an investment that has me living paycheck for paycheck and that won't be payed off for 15 years

@jakobharvey352 4 года назад

viziroth your fault for choosing a dumb degree and not managing your money well

@viziroth 4 года назад

@@jakobharvey352 my degree is in information security. not really a dumb degree. I got dicked over by bureaucracy. I'm making decent money, but I have this fucking loan payment that's 3x my mortgage payment. there's something really fucked up about that.

@dominic-ir5zs 4 года назад

Jakob Harvey literally any degree can fuck you over lmaooo.

@espark3259 4 года назад

Yeee, finances taught by a Minecraft RU-vidr: short, practical, interesting. And motivating)

@breakfastforone2510 4 года назад

In about 2 minutes, you went from being a funny cube man to a cool older brother. Mad respect from a broke college student, much appreciated :)

@ETools. 4 года назад

"Nuhhh, shut up dad!" Why do I love this so much? XD

@JacobTheCroc 4 года назад

All I can say is thank you for teaching me and all of us all this important lesson.

@fredoodlez 4 года назад

Hi X! I’m almost always watching you live (I was here for this one) and watch all your videos. Keep up the good work and don’t stop making us your content!

@manrock1924 4 года назад

So smart! Biking is nice atleast at school it seems by grade 10 that 90% of people have their own vehicle and your almost looked down on if you don’t have a vehicle. And most people could bike in 20 minutes. So much environmental change could just be done by biking and everyone would be healthier :) and it’s pretty seeing the surroundings.

@hanselfinn8946 3 года назад

even as a kid i always know that eating out is more expensive but i didn't think much about it since i was a kid so obviously my mom or my dad always cook for me but when i live alone for about 8 months with 100 dollars a month [im not living in the us] about 1,2m idr when i was 14 i learned the hard way in the first couple of months that eating out and laundry cost so much overtime but if i cook and just do the laundry myself i can atleast save about 1/3 or 1/4 sometimes 1/2 of my allowance

@imtiredgoodnight 4 года назад

Best life advice I ever received whilst watching a minecraft video

@pauljerome01 4 года назад

If people were taught how to save in schools those companies who would benefit from the unkowing would suffer

@Mi-202 3 года назад

This feels like a discussion that teachers should have in school.

@pacomatic9833 2 года назад

I'm not even 18 and I'm listening to this. Not only do I hope I remember this, but I also hope that I listen to this type of stuff in this same amount of attention.

@ezoteric_9275 4 года назад

I want his texture pack with X Turtles And dis is interesting then hearing it from a teacher

@dylanmcfiggins5816 4 года назад

if you meant to say *His* and not fis. you can. its on his website.

@ezoteric_9275 4 года назад

@@dylanmcfiggins5816 may god bless you

@Tim_The_Dim 4 года назад

the texture pack with X turtles is in vanilla tweaks

@The_NSeven 4 года назад

It's expensive to be poor

@2fakind358 4 года назад

this is the best thing youtube recommended has ever given me. thanks, x.

@Johnathonisnotcool 4 года назад

At 2:00 you totally could've just placed that concrete powder under the dirt

@dan2562 4 года назад

I feel like the word to describe school is disappointing.

@snoweh1 4 года назад

At the risk of sounding like a schizo, school is for building a good slave. If they teach you how the world really works, the more astute amongst us wouldn't be very happy. And an angry person may try to change things, which could throw a spanner into this well-oiled machine they've spent so much time, resources and bodies to build. Debt is a means to control people. Work hard to pay for something you don't need--then when it's paid off--rinse and repeat. Spend all your time working and consuming. You're not a risk to anyone that way. You're too tired to do anything except give them more money. Who is them? That's a whole 'nother rabbit hole.

@simonnygaardjensen1367 4 года назад

Hey X i really like this channel I really like just hearing you talking about life and what not. What do you think about investing in stocks?

@Estarfigam 4 года назад

Walking is free and some things can keep.

@Robstar0 4 года назад

These were all good advices and I fully agree on them, but the one statement that was kind of missing is that you can choose to spend money on the things that you REALLY enjoy. Like a nice beer on friday evening, or going to concerts, or buying a really nice television if you're crazy about watching RU-vid on a TV ;-) As long as you make the choice conciously and you are convinced that it's really making your life better. Cause buying something from a part of your savings is the reward of having a sound financial situation! Also, do a (bi-)yearly check on your yearly contracts like insurances etc and see if money can be saved there! I easily save 100 euro's a year by spending an hour on the internet checking and switching.

@WordUser 4 года назад

This is actually really good advice, i will keep it in mind while saving for my first car, thanks x

@idkwutnametouse 4 года назад

Enlighten me on which financial advice they teach in school

@ElectricityTaster 4 года назад

mathematics.

@idkwutnametouse 4 года назад

@@ElectricityTaster have you tasted mathematics before? it tastes worse than electricity

@tienpham403 3 года назад

I'm still riding the motobike that my grandfather bought like 50 years ago. Not only it run just fine but also it save me from alot of trouble, expecialy when it come to theifts, nobody would steal a 50 years old bike even if it's working perfectly fine

@winterborn82 4 года назад

Anybody who is young watching this, LISTEN, xisuma is dead on what he is talking about. This is really good advice.

@XDRosenheim 4 года назад

Why is RU-vid recommanding me this, the day after I buy a car?

@topkinsme8493 4 года назад

Great content! Finally convinced to subscribe Also:- Are you going to make this into a podcast? Might be cool

@SeppieBos 4 года назад

I’m only 13 years old and I like you’re doing this. I never go with the car/bus within 15 kilometers

@thumb7968 4 года назад

I'm fourteen, still in school. Right now I don't have to worry about this stuff so much, but I can imagine how useful it will be in the future

@madeleineruusu 4 года назад

This was an interesting live stream, learning about this stuff from someone playing Minecraft is funny to me, but I really enjoyed it!

@deusvult4765 4 года назад

Thoughts on EU?

@capt.redbeard8361 4 года назад

Hi Xisuma. I love this conversation of yours. I love playing Minecraft and love what you do, but during daytime I work as a Certified Financial Planner and have done so for about 15 years. I think this is brilliant advice. People read so-called self-help books claiming that you should use "other people's money" to get ahead, and it is absolute garbage. By not going into debt, you de-risk your own life. Sure, there is some debt that adds value (I use this phrase very carefully) like a mortgage, but only under very strict conditions. Credit Cards are not our friends! Thanks for doing this video and including us in your journey.

@ezde711 4 года назад

Having a parent or guardian while growing up, to tell you and keep telling you advice like how to save money and handle finances is really the biggest factor. Another big obstacle is knowing the goals, vs. knowing the way to achieve them in a way that works for you.

@coffeefordays6913 4 года назад

#xisumathewise

@beron_the_colossus 4 года назад

Learning taxes with Xisuma

4 года назад

The gym stuff is true, I stand behind that as well. Buy yourself a nice set of dumbbells with removable weights, a bench, and a thick exercise mat. Total sum is about 150 euros, have it for two years now. And most importantly - you don't have to be in a public setting, feeling all uncomfortable! You can work on yourself and let people see the results!

@pm146 4 года назад

The coffee beans I buy are $26 for 2 pounds (900g). I use exactly 40g a day in my coffee, lasts 22 days. 26/22 = $1.18 a cup of what most people would consider quality coffee. Most coffee shops around here charge anywhere from $3 to $7 for brown water.