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!
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.
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.
@@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%
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.
@@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.
Very inspiring! We paid off our home Aug 9, 2023 and I’m definitely looking to invest to the max now. I’m very excited for this next step in my financial journey.
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.
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.
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.
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!
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! 🤗 ❤
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.
you explained things so well and i love how you speak ,it's not too fast and exaggerated.😊 thanks. waiting for more topics on saving and financial goals🥰
Rose thank you, you truly are the most tangible and relatable (as well as informative) voice I can hear that helps with finances and just intelligent living. And always so happy and easy to watch. Thank you so much it helps a ton.
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.
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.
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)
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.
Awesome and so helpful! Love and appreciate the beginner series: easily understandable and accessible. I'm finally starting the journey: less intimidated and less overwhelmed due to your step by step detailed breakdowns, recommendations and walk throughs. Thank you, Rose!! ✳
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.
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. ❤
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've been budgeting for years. I think people are very averse to budgeting. This may be a little complicated for a beginning budgeter, apps like everydollar are super simple to start. I would recommend doing it manually until you have a strong grasp on budgeting and then go to things like attaching to your bank accounts. Income basic categories and outgo basic categories, do that for 90 days and then start getting more detailed.
👍Love this tip of starting simple, then applyING more advanced techniques as confidence builds. I have 16+ accounts for various investments and savings, plus property, it's all automated. I can't even begin to explain it to a beginner as their head usually spins.🤯
You are the first RU-vidr 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 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!
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.
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!
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!
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.
Always enjoy your video. I have started a playlist for "Investing" where I put all the ones you do that I need to revisit in order to adjust my investing strategies. Thanks for sharing your knowledge.
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!
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.
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.
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.
Love the idea of auto transferring money out my checking acct monthly. I'm totally going to do that...Once I figure out how much I can realistically afford to transfer out. Yeesh! I'm so oblivious right now as to where my money is going and I have a very strong hunch that I'm spending money just because it's there, when I'd really rather be saving it.
Have watched this video 2X now. Learning a lot. Think I will move my budget from paper to YNAB. Yes, please add your budget diary to monthly videos. I’d really like to learn from your regular budgeting.
Hi Rose, great episode! Can you do a video specifically geared to "What Rose Would Do If She Had __$ To Invest", addressing people from all different budget categories? I'm sure your viewers span from a wide range of salaries, and your perspective on "where I would invest if I only had $250/500/1,000/5,000 a month" would be so helpful. Thank you!
What would Rose do if her followers got scammed out of their entire life savings? Answer: Nothing: 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.
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 :)
I started watching your videos to learn options, but videos like this are amazing and help provide overall financial information to help "Add a Zero"..
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.
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 have not been budgeting this year due to surgery and other unexpected problems. And. now I am laid off from my job for the first time since I emigrated to this country almost 30 years ago. Now I am stressed out about the unknowns and paying just the necessities expenses. Even though I have some savings. Medical bills have kicked my butt this year so much.
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.
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!
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!
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 absolutely loved this video!!! I've saved to my RU-vid "Financial" folder and will be watching again and taking detailed notes. Thank you so much, I love your content. :)
0:01: 💰 Rose shares her tips for managing finances and budgeting effectively. 3:15: 💰 The speaker discusses her budgeting strategy, which includes categories for expenses, wealth building, and splurges. 6:23: 💰 Budgeting helps you make adjustments and prioritize your spending to accommodate unexpected expenses. 9:13: 💰 The speaker recommends building an emergency fund as the first savings goal and transferring money out of sight into a separate savings account. 12:22: 💰 The video discusses the importance of having a Roth IRA and a backdoor Roth IRA for tax-free investments. 15:03: ! The speaker discusses investing in index funds and REITs for long-term growth and retirement. 18:00: 💰 The speaker discusses their diversified investment portfolio, including stocks, rental properties, options trading, and an indexed universal life insurance policy. Recap by Tammy AI
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!
Yes, please. Also, would love to hear more about your saving for the larger wants (i.e. the Prada bag.) Are they in there own separate account or you just earmark that money in a general savings account?
We can all learn a thing or two from Fergus Waylen himself; his profit techniques are phenomenal. Thanks to him, I'm making more money and getting richer.
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 😊
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.
Little to no financial education in high school, is the problem in the US, it is like the government wants you in debt and forever a slave to the debtor
I don't leave comments on much videos from any RU-vidr 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.
Hope you got your Prada bag!👛 Never thought I'd want a designer bag either. I have one YSL bag I use day and night, had it for years. I really take good care of it.
Sorry in advance if this is a sensitive topic. Can you speak to how your divorce settlement helped to kick start your investing journey. Not many of us have that advantage. Thanks.
Great video, Rose. What investments do you sell covered calls on? Another fun idea for future videos would be to show case the financial progress of your boyfriend. I think you had mentioned that he has goals of getting out of debt and building his net worth. It would be fun for anyone (but especially beginners with a negative net worth) to watch his progress. Keep up the good work. I always enjoy your videos and learn a lot from you! :)
That is such a good idea!!! About the boyfriend progress too :) Love that, I'll talk to him about it :) As for covered calls - I do it in my speculative trading account (a secondary taxable brokerage account that i didn't mention in the video in order not to confuse people) on stocks/ETFs I got assigned on from cash-secured puts. Before selling a cash-secured put on something, I always make sure it is a holding I'd personally be happy to own regardless of options activity and also has a very liquid options market, such as ARKK, COIN, SPY, QQQ. Perhaps a topic for a whole 'nother video!
I’m 31 and a stay at home mother with their first child. My husband and I just got married last year and we are struggling to get things in order. I wish someone had taught us all of this when we were younger. We married with lots of debt (mostly college) and I wish I had been diligent about paying off debt and saving. I feel like I’m starting very late… but I guess it’s better to start now than never.
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.
I just discovered your RU-vid chanel today, 24Jan2024, while searching on how to trade Option. I had watched all of your 6 Options videos. Those video linked to this video. Wow, I learned alot from you on how to budget! It is the first time ever that I see someones show how to budget that is so clear, so detaied, so openned and so easy to understand. Thank you so much for your sincerely sharinng on this subject. God bless.
