How I Saved $100k in 5 Years

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Комментарии : 717

@Riggsnic_co 7 дней назад

Invest judiciously, keep a stop loss figure. Shuffle between debt and equity wherever the ratio goes too off your target. As for the target, I recommend a Ratio like this Debt % should be equal to your age in years. If you are 20, debt is 20%, reset in equity. If the market falls or rises drastically, your debt % will change, which you should rebalance to 20% and bring back equity to 80%. Thus you would have bought low or booked profit depending on if it was a crash or a bull run.

@Jamessmith-12 7 дней назад

Effective personal finance management is more important than the amount of money saved, regardless of whether income is earned through job or investment. Individuals can seek counsel from a certified financial advisor to optimize financial outcomes, who can provide specialized advice and methods to decrease expenses and maximize income.

@JacquelinePerrira 7 дней назад

I agree, that's the more reason I prefer my day to day investment decisions being guided by an advisor, seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using my advisor for over 2years+ and I've netted over 2.8million.

@kevinmarten 7 дней назад

I think this is something I should do, but I've been stalling for a long time now. I don't really know which firm to work with; I feel they are all the same but it seems you’ve got it all worked out with the firm you work with so i surely wouldn’t mind a recommendation.

@JacquelinePerrira 7 дней назад

I definitely share your sentiment about these firms. Finding financial advisors like ‘Carol Vivian Constable’ who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.

@kevinmarten 7 дней назад

Carol has the appearance of being a great authority in her profession. I looked her up online and found her website, which I reviewed and went through to learn more about her credentials, academic background, and employment. She has a fiduciary duty to protect my best interests. I sent her an email outlining my objectives and also booked a session with her; thanks for sharing.

@JayWalsh Месяц назад

You're on the right track. My dad taught me something when i was a kid. He said, "Do you know what rich means? It's not a certain amount of money in the bank. I t means you can wake up when you want to, do whatever you think is productive and interesting to yourself, and go to bed at night having lived your life the way you see fit while never answering to anyone. And knowing you can do it again tomorrow." I'm 62 now. Here's the funny thing, it takes a lot less money than you think to achieve it.

@xlerb2286 Месяц назад

Boy, you said it. Too many people get caught up with the whole consumerism thing and think rich means lots of things. Then spend their life chasing those things. Of course some amount of savings/investments are good. They give you a lot of that freedom to wake up and do what you want to do :) But you're right, if you're not chasing things all the time it doesn't take as much money as you'd think.

@Savvynomad225 Месяц назад

Those with kids can’t really get rich by this definition until they have taught their kids the gift of self sufficiency, some may never get rich by this definition, because they neglected to teach their kids.

@the_bohemian_drifter Месяц назад

Your Dad sounds awesome mate 😊

@JayWalsh Месяц назад

@@the_bohemian_drifter He was 🙂

@brendaleblanc4088 Месяц назад

Do you have any investment videos? I need more info regarding this.

@danieltaylor--65 6 дней назад

I just sold a property in Portland and I'm thinking to put the cash in stocks, I know everyone is saying its ripe enough, but Is this a good time to buy stocks? How long until a full recovery? How are other people in the same market raking in over $450k gains within months, I'm really just confused at this point.

@JenniferDavis7630 6 дней назад

The current market conditions may provide opportunities to increase revenues swiftly; however, experience is required to carry out such a plan.

@Angelinacortez495 6 дней назад

Many people minimise the importance of counsel until their own feelings become overwhelming. A few summers ago, following a protracted divorce, I needed a significant push to keep my firm solvent. I looked for licenced advisors and found someone with the highest qualifications. She has contributed to my reserve increasing from $275k to $850k despite inflation.

@CarterHall-re5fu 6 дней назад

That does make a lot of sense; you appear to understand the market better than we do. This coach is who?

@Angelinacortez495 6 дней назад

Actually its a Lady. Yes my go to person is a ‘LAURELYN GROSS POHLMEIER '. So easy and compassionate Lady. You should take a look at her work.

@JackHudson. 6 дней назад

I found her page by searching for her entire name online. After that, I emailed her and we set up a meeting so we could talk; I'm currently waiting on her response.

@geraldt331 5 дней назад

Purchasing a stock may seem straightforward, but selecting the correct stock without a proven strategy can be exceedingly challenging. I've been working on expanding my $210K portfolio for a while, and my primary obstacle is the lack of clear entry and exit strategies. Any advice on this matter would be greatly appreciated.

@yeslahykcim 5 дней назад

the strategies are quite rigorous for the regular-Joe. As a matter of fact, they are mostly successfully carried out by pros who have had a great deal of skillset/knowledge to pull such trades off.

@Jadechurch-ql3do 5 дней назад

I agree, having a brokerage advisor for investing is genius! Amidst the financial crisis in 2008, I was really having investing nightmare prior touching base with a advisor. In a nutshell, i've accrued over $2m with the help of my advisor from an initial $350k investment.

@lucaswilliams9992 5 дней назад

@@Jadechurch-ql3do Please can you leave the info of your lnvestment advsor here? I’m in dire need for one

@Jadechurch-ql3do 5 дней назад

Laila artine kassardjian' is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.

@PWIviefynn 5 дней назад

Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her.

@tonysilke 21 день назад

Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. I believe every Investor should start with ETFs for a solid foundation, then diversify across asset classes and maintain disciplined, regular investing to minimize risks and maximize growth.

@Nernst96 21 день назад

An obvious way to invest is to buy shares in businesses that are likely to experience steady demand even in a downturn. Typically, those are consumer staples, utilities, and healthcare companies, but off course such decisions cannot be made by an average Joe, a financial advisr is important in making this decisions

@PatrickLloyd- 21 день назад

I agree Such considerations can certainly have a role when I think about whether I ought to buy into a share. But I never purchase purely on that basis, i always have to seek the advice of my financial planner who has helped me gain $985k in a well-diversified portfolio that has experienced exponential growth

@PhilipDunk 21 день назад

Great gains! Can you share your CFP details? I'm gaining more cash flow from my job and want to invest in stocks and alternative assets to build wealth.

@PatrickLloyd- 21 день назад

'Amber Dawn Brummit' is the licensed advisor I use. Just research the name. You’d find necessary details to work with to set up an appointment.

@PhilipDunk 21 день назад

Thanks for sharing. I curiously searched for her full name and her website popped up immediately. I looked through her credentials and did my due diligence before contacting her.

@OneAndOnlyMe 28 дней назад

The first 100k is the hardest. The next 100k can be achieved in much less time if the 100k is left to compound. The 100k after that is even easier. I saved up £500k over 14 years (plus another £250k in pension). My "why" was to stop, retire in my 40s and no longer work.

@margauxv25 18 дней назад

This is my exact plan. Trying to get hubby on board.

@OneAndOnlyMe 18 дней назад

@@margauxv25 There are 260 workdays in a year. If you were to invest $/€20 a each workday into high performing index funds (15%+), you can achieve the first 100k in around 8 years. You can do it even faster if you put in more than $/€20 a day.

@eddenoy321 Месяц назад

I don't have any kids, but if I did, I would want a daughter like Nicole.

@horsetracker63 Месяц назад

Yes, Me too!! She's a great person!!

@solsol.5000 Месяц назад

@@horsetracker63 yup same here

@HelenPrimoRoseanneInYourArea Месяц назад

To lower income peope like myself, I’m sorry but she comes across patronising and arrogant at times

@TheDylan6908 Месяц назад

Oh heck me too 🌹❤️

@tonyp9313 Месяц назад

@@HelenPrimoRoseanneInYourArea Yeah she's not right on all things. Used cars for example being better than new cars or that, it doesn't make a difference lol. Which certainly does make a huge difference. That's fine if she doesn't like new cars. Most women don't care about that & don't like to drive. Yeah just do what you want to do.

@lVlegabyte Месяц назад

OMG Levi at 10 weeks old just melts my heart! So cute!

@AccordingtoNicole Месяц назад

My favourite little potato

@solsol.5000 Месяц назад

@@AccordingtoNicole it took me 5 years to save my first 100k too

@4862cjc Месяц назад

@@AccordingtoNicoleHow old is he now?

@AccordingtoNicole Месяц назад

@shawn576 28 дней назад

Living with parents is definitely the biggest boost possible. I don't understand parents who kick their kids out so they live in poverty forever. As long as kids are working full time with a real job, let them stay.

@WolfearOfficial 25 дней назад

🥇

@gabeg2434 25 дней назад

It’s not easy that’s for sure. I try my best with my kids but they have to live by my rules under my roof. That’s not easy for them and that’s not easy for me either.

@esraamohammed2685 25 дней назад

They can make money even if they are out if their parents house, they can be bartenders, strippers and make tons of money

@shawn576 25 дней назад

@@esraamohammed2685 Ya know you can live with parents and be a stripper right?

@lynnoorman2144 24 дня назад

My kids have both returned home after relationship break ups. Both my sons were easy to live with, having had partners with varying degrees of lazyitis ( didn't clean house, spent money like it was going out of fashion etc). Nice girls in many ways but my sons were trained to clean up after themselves, have savings, and to disagree without it degenerating into a row/ screaming match. So it was OK my boys returning home, paying rent and getting back on their feet. But friends of mine have had the opposite experience!

@nicholasgutierrez9940 Месяц назад

My friend moved out to a cheaper city when his mom kicked him out at 20. I helped him out by loaning him 1k (Not an issue for me) and by making a budget so he would save every month. I told him that right now, it's all on him. That he has no safety net and that he really needs to stop doing stupid shit to save money. He was good to save 1k a month on 35 hrs/wk. I told him he needed to maybe get a second job so he could be in a better place (another 8hrs/wk) in case something happened. He proceeded to get a new GF, not follow my advice and blow money on a European vacation and then he crashed his car with no savings. Can't help people sometimes.

@autobotdiva9268 Месяц назад

a lot of people have adhd and its torture on finances when untreated

@tonyp9313 Месяц назад

So your friend is 20 years old?

@Maplecook Месяц назад

I totally thought this story was gonna end differently. Yikes, eh?

@justhomas83 Месяц назад

You're a great friend I wish I had a friend like you when I was growing up. Everyone around always wanted to borrow from me cash wise. Family can be a drain on savings during the storm. I'm now in a way better position currently. I just walked away from lots of people and stayed focused on advancement.

@SharpBalisong Месяц назад

I went into reading this expecting he was going to be an inspirational success.

@seltzermint5 Месяц назад

For me just the idea of "stability" and "safety" has been enough of a why.

@bonniecherniss6139 Месяц назад

Levi is your best investment! He’s so cute

@dabprod Месяц назад

Yep.....he pays dividends every day.

@AnaViolinViola Месяц назад

My steps: earn more, invest instead of spend…Bought a home at 45, now at 47 trying to overpay as most as I can and build cash/index funds/bonds/pension portfolio. I know I’m almost late to the party but I intend to do my best😊

@AccordingtoNicole Месяц назад

Never too late!

@tomv7986 Месяц назад

Finally bought an apartment at 37 with a 40% down payment. I had to buy the place in a city an hour's travel from where my job is, but only need to pop in once a week.

@tamara1565 28 дней назад

better late than never

@thisismetoday7423 25 дней назад

I’m 47, too and trying to figure out a plan. Any tips? So far I’m just trying to pay my debt down first.

@AnaViolinViola 25 дней назад

@thisismetoday7423 house-sharing all the way up to 45 is what helped me to save+working all the humanly possible hours and spend as little as i could for 20 years.. I've done many jobs- some for minimum wage, paid my way through education by working part-time all the way. Now I'm learning about how to create a good investment portfolio at 47, this is a big new world for me 😀

@frankd2301 Месяц назад

Cars are the WORST waste of money on earth. The more expensive the worse it gets.

@ivobiancucci4528 Месяц назад

107k for a Ford 2024 SUV

@marjamesquire8141 Месяц назад

I have a divorce client whose husband bought a Beamer for $1100/mo and their mortgage is $1300/mo. I told them they were car poor and needed to sell it before he files bankruptcy

@nw8000 28 дней назад

AMEN!

@pizzarolls0012 27 дней назад

tru

@kathyharmon2093 24 дня назад

But if you live in a small town with out public transportation you pretty much can’t go without one

@paul_domici Месяц назад

The 1st 100k is hard, after that it snow balls!!! Great video Nicole!!! People need to start saving more : )

@seltzermint5 Месяц назад

completely agree.

@user-io4ut5gn5b Месяц назад

It's hard too people that never worked. It may be a lot to individuals who scam and have to spend it immediately because it was never theirs in the first place. Been there done that🤣

@beardham 21 день назад

what r u doing to make it snowball, mine's just kinda stuck there

@paul_domici 21 день назад

@@beardham A good Money Market yields 3 to 4% a year. CD's are paying about 5% a year and an SP500 fund has returned 10% a year for the last 20yrs. You have to wait years for it to grow of course.

@margauxv25 18 дней назад

@@beardham fidelity money market spaxx is paying 4.95 percent interest. Works fine

@robertthompson5908 27 дней назад

My favorite side hustle is buying stuff at yard sales and Craigslist and selling it on eBay. The key is knowing what to buy, how much to pay for it and what you can get for it.

@maryallen1017 28 дней назад

Nicole, You need to go to different high schools and ask them if you can give a Nicole talk to the high school kids. Sometimes kids don't want to listen to their teachers or parents but I believe they would listen to you. I know you would be good at it. Your an amazing young woman. You will be a multi-millionaire oneday.

@TT-xz5sy 28 дней назад

Staying with your parents is what really set you up for this, most don’t have that luxury.

@epbrown01 28 дней назад

She says - directly after! - that there’s also living someplace cheap with roommates. I lived with 3 other dudes with questionable hygiene to hit $100k. It was… motivating. Before you announce that finding roommates isn’t an option, I’ll say stop. The idea isn’t to look for reasons why you can’t, it’s to look for ways that you can. The person with the best vantage point for possible solutions is the one smack dab in the middle of your situation: you. Watch “Apollo 13” and/or “The Martian” for inspiration.

@dallassukerkin6878 27 дней назад

I was under the impression that that was 'normal' these days? That's what all the complaints on the net seem to suggest - no one can afford to move out of the parental home.

@TT-xz5sy 27 дней назад

@@dallassukerkin6878 they’re lucky

@RB-gx4qg 26 дней назад

It's actually her entire philosophy. She runs her life like a business even when she went back to broke after the house, she got her money back up. The average person can't do it, because they lack discipline

@noniamaus 26 дней назад

@TT-xz5sy It looks like you missed the point. What is your goal? Everyone can save something. It is a matter of discipline and time. Staying away from debt is major. After you save a certain sum, you can invest.

@josedominguez9278 25 дней назад

How refreshing to see a smart, down to earth young person winning at life. You go girl!

@Thomas63r2 Месяц назад

Sage advice. Probably one of the toughest parts of becoming more financially savvy for most people is learning patience. Too many people give in to immediate gratification and pleasures because its "only a few bucks here or there." Your goal is accumulation, so every little step in this direction does make a difference. Being frugal and intentional does not mean living a deprived life void of any joy. So many people mindlessly stumble through life with no sense of direction or destination - just stop doing that and the financial course of your life is forever changed to be more rewarding. Take stock of yourself and financial position, then make changes where needed.

@richardross7219 Месяц назад

We paid off our first house in 3.5 years by paying extra principle each month. That was 40+ years ago. Be very careful about used cars. Many cars rot out in 8 years now because of the crappy steel and the highly corrossive salt used on winter roads. This salt is also killing bridges. Good Luck, Rick

@McGuire40695 Месяц назад

My car turns 8 this year (owned it for 3.5 years), and I'm beginning to notice a bit of rusting taking place on bolts and stuff especially with the salt on the roads.

@richardross7219 Месяц назад

@@McGuire40695 Thoroughly washing under the car can slow the rotting. Good Luck, Rick

@McGuire40695 Месяц назад

@@richardross7219 you're the man! Thank you!!!

@dabprod Месяц назад

Undercoat your car, you can do it yourself for around $100. See how on YT.

@richardross7219 Месяц назад

@@dabprod You can do it yourself but it takes a lot of time, preparation, and is a messy process. The last time I did it was 35+ years ago and it cost over $200. The cleaning and preparation took days. The car lasted quite a while, until the engine blew. Good Luck, Rick

@ED-qk6uh Месяц назад

This was such a great no BS inspirational video. I had a bad day yesterday because I feel like none of my side hustles are materializing and I'm just wasting time and money, but this video just motivated me. Thank you!

@desb3459 22 дня назад

What side hustles are you trying to do?

@mayhemsmiley Месяц назад

Thank you, you made me laugh out loud this morning with your comment about your foot falling asleep. At 61 I have to move regularly otherwise stuff stiffens up. Thank you for sharing this, such valuable lessons for anyone no matter their age.

@GeeWit Месяц назад

70 y.o. and yeah, been there, done that, BUT always keep in mind :: they WILL move the cheese on you at some point at least once - you can bank on it. Diversify your income streams, across asset classes and within asset classes. It's not as efficient for growth but it's also not as efficient in loss during downturns, either. Be as tax efficient as you can as taxes are onerous enough to reward all the effort of study.

@tonyp9313 Месяц назад

I think you are the oldest so far. All the other people were in their 60's. Yeah I cpuld learn a lot from you folks since you have a lot more exp & knowledge

@OboeCanAm Месяц назад

Brilliant video, Nicole! Saving for the sake of saving can be a goal for everyone, and everything you presented should be taught in schools. Young people shouldn't get their education about saving, investing, RRSPs, TFSAs, etc. at their local bank, where employees are more skilled at upselling than teaching.

@rhoadestraveled 28 дней назад

I just found your channel and I'm really enjoying it! Thanks for reintroducing these principles.

@joearquilla Месяц назад

Sunday excellence as always. Levi is so blessed. Thanks for the great content.

@gingerstrait836 Месяц назад

I love how much you love Levi! Heartwarming! Great content as always. ❤❤

@lynnoorman2144 24 дня назад

Awe Levi as a puppy! Glad you are making sure his life and yours are safe and secure. Glad he is so fit and spry at his age. Talking of age - i retired at 58. Best thing ever! Hugs to Levi!

@corilevinson5704 Месяц назад

Another great video! thanks for sharing your wisdom and insights and Levi was such an adorable baby!

@clarenceishmael9615 Месяц назад

Your an inspiration even to this 60 year old from the UK! Thank you! 👏🏾👏🏾

@kat_thefruitbat Месяц назад

Hey Nicole, I have a friendly bit of advice. I remember you saying in a Q&A video that you flat iron your hair every day. I just wanted to share that if you’re not already using a heat protectant on your hair every time you flat iron (and every time you blow dry if you also do that), then I highly urge you to get one. If you want any recommendations on what I personally use (I also flat iron and blow dry my hair), let me know and I’d be happy to share if you’re interested. Using a heat protectant is something hair stylists should always tell their new clients, because there are so many people who do not realize the damage they can avoid (and subsequent healthy length they can achieve) by using a heat protectant product every time they apply heat to their hair. It was something I learned the hard way (on my own) back in my mid-teens….I would get frequent trims back then because the ends of my hair would always end up looking dry and fried (and eventually even smell like burned hair!) because I didn’t know what a heat protectant product was nor that I needed to use it when I blow dried and flat ironed my hair. One time when I got a trim I finally just asked my hair stylist at the time what I can do to keep that from happening. She recommended me a heat protectant product (and an at-home conditioning / strengthening treatment), and my hair has never been dry, brittle, or “fried” since then. Hope this helps ❤

@Mike-108_v_ 25 дней назад

Good advice on cars.... especially, some modern cars will go the distance IF they are well maintained from the previous owners. (all 3 of my vehicles have more than 150k miles each) .... Having trusted mechanics helps ALOT, these are the guys that are always booked because their customers are so loyal...they are worth the research in finding them. Since you mentioned "getting educated" - I acquired a Real Estate License ...just to have knowledge on buying a home ...it was relatively inexpensive, a handful of classes. My current home was bought with "no-money" down... Having employment and a good credit rating will get your foot in the door with the bank or mortgage lender. The 3 most important things in a Real Estate Investment: 1. Location 2. Location 3. Location (Not being in a flood zone, not having termites or radon, a good roof and hvac/ newer roof...a solid foundation, etc are all very important if you are on a budget.) AND- if you can buy it with little to no money down- AND it has a rental unit on the property as well.... The rental could pay for the mortgage.... and thus , more money to invest $$.

@MHW1025 Месяц назад

I’ve been following you for a while now and you’ve made a massive difference to the way I handle my finances. Thank you, Nicole!

@brassj67 Месяц назад

Your next 100K will be much easier and faster and the following 100K even faster and so on. Well done

@hollyclark690 Месяц назад

You're a winner ! Love your sense of humour!

@chapternext3518 26 дней назад

Just stumbled on your channel. You definitely deserve a follow! Took me a lifetime to learn these skills. Well done!

@chokoprty 29 дней назад

I find you calming ❤ subscribed!

@robertflores8789 28 дней назад

I would love to be able to do this but I am in the red now and it will take me another three years to get to the positive side…however, watching channels like this and this one in particular, I can say that I will NEVER be in more debt than I am today…the respect this young person has shown for money has in a very big and surprising way, changed me.

@nleem3361 22 дня назад

My 20's got me into the red too, but after learning about money on my 30's, I worked hard to get out of debt, and now doing a little investing. The biggest motivier I found was to calculate the amount of interest I'd pay, and for how long I'd be making payments to a bank if I only made min payments. And then if I made bigger payments. I did a side job to pay more which saved me about $5000 in interest and cut of years of payments too. This helped me see the light at the end of the tunnel.

@gabrielsyt Месяц назад

Congrats on all your accomplishments! Your personal experience is a great role model for others.

@nazeercurry5248 Месяц назад

Wow. You're amazing 👏🏽 ❤🎉

@vapeking466 15 дней назад

Consumer Reports says you should never buy a new car but if you do drive it for as long as you can. Im 51 and never have. I did consider a new economy car Nissan Versa but ended up with a used Lexus but Toyota is nearly as reliable for less usually.

@smartypants1980 Месяц назад

Thanks for telling Us about Corse Carrers. That's super helpful!

@AccordingtoNicole Месяц назад

It’s the best. Don’t go into debt to try to get out of debt!!

@ogvelociraptor205 Месяц назад

Another informative video by Ms.Nicole 😊

@horsetracker63 Месяц назад

Yes, She's a great teacher, She supplies first hand knowledge that people can use in their own lives!! Keep up the good work!!

@tonyp9313 Месяц назад

That's great Nicole. Awesome

@LanaLo-di5yq 27 дней назад

You are so right wish more people can see what your doing as inspiring. I love how genuine and real you are keep it up you got a new subscriber.

@giovannibissoli1744 Месяц назад

Thank you so much for precious information!!! ❤

@bitcoinski Месяц назад

Wow! Very inspirational. Thanks Nicole. :)

@CYBERTECHY1 Месяц назад

Keep on ROCKING Nicole! Such great straightforward info! Love the solid recommendations!

@davisholman8149 Месяц назад

My so - who is on the spectrum - thinks she is too (& he thinks she is attractive, his type). People - give others a bit of grace. We aren’t all wired the same way. Maybe she is like my son - high IQ & on the spectrum.✌🏽😎🇺🇸

@smartypants1980 Месяц назад

I like that I just type A and youtube knows to put on the Sunday new According to Nicole

@jonessmith2068 Месяц назад

Speaking as a saver myself Nicole do not forget about the government programs to defer taxes on earned income such as RRSP's and TSFA's the later being one of the best things for younger people to use to grow financial equity for themselves. Also starting a small numbered company to buy and sell stuff or just run You tube channels might be the way to go as a private company you own allows you to deduct all kinds of costs; the government is good enough that it can also loose money for about 5 years before they suggest you close it. Owning your own business is the fastest way to become wealthy.

@soniagrindstaff2416 25 дней назад

Hi 🌸 I’m a new subscriber. I’m glad I came across your videos. I’m sharing them with my nieces. Thank you. 🙏🏼 ❤

@Jbertrand1977 Месяц назад

You’re killing it! Congrats!

@creatingbalancefinance 28 дней назад

New to your channel and absolutely loved this. You’re so disciplined, it’s very impressive!

@lillienath2967 29 дней назад

You gave me a new hope of being able to one day buy my own place again! even if i'm already 41. i'm far from putting aside 1000 a month, but at least i'm saving ^^

@silencegohome1496 Месяц назад

Well done 👏 I'm on my journey now!

@lifestyleafta30 28 дней назад

Its nice to know you are in Canada.

@DanPocketRocket Месяц назад

Great vid! Yes when you have 100k+ FU money is very freeing career or business wise.

@ShopLiveBeyondTheLines Месяц назад

I appreciate your content - it keeps me motivated!!

@morganmassens9732 17 дней назад

I really like your videos. Inspirational, encouraging, honest, useful information, logical and real. thank you.

@bigload6 Месяц назад

Studying a degree that I don't even use in my job today was the biggest scam I've ever seen. Because the idea of moving out of home living in a flat, putting more financial stress on while studying was not good for me. My goal now is to build my stocks account, pay off debt, have a few months of pay sitting in my everyday account, stack silver and gold. Been a slow start but definitely getting there :)

@TheReviewPigeon Месяц назад

New to the channel, excellent video. Working on paying my house off now so I have the option to reduce my hours if i CHOOSE to, only 97k to go .

@garrusch7063 Месяц назад

I believe your Chanel will take off...keep it up.

@SuperPaul44 23 дня назад

Good for you Nicole, you’re a smart cookie, true wealth is having enough money to afford to spend your time how you want to, sounds like you’re pretty much there, you have a very wise head on young shoulders, you should be very proud of yourself

@harmgregory4560 Месяц назад

Simply put, GOOD ADVICE! 🙂

@robertdewalt8711 26 дней назад

In 10 years I saved $250,000 in mutual funds, which after 2 major events 9/11 and financial meltdown, it dropped to $105,000 and it took 12 years to fully recover loss.

@caterinaramirez8864 24 дня назад

Mutual funds are meant to be the safe option but actually have way worse returns than other options, a big reason because of their high fees. Maybe look into some other avenues she mentioned here (eg. ETFs)

@charlieverges337 24 дня назад

If you have invested 250000 in 2001, you would have 1.4m now

@Orecatmeatprocessors Месяц назад

Dear Nicole: I really admire you! My major goal was to have a wonderful family of 5 kids. I put myself through college and worked full-time. Over the years I got better jobs and invested the money! My kids, I'm so proud of them. They all went to college and make a lot more money than I ever did which I am proud of! Plus they have wonderful families and lots of kids! We are all LDS and enjoy our families! My goals are really different now. I've made and invested to the point that I really don't need any more investments. I actually try and spend some money each on Amazon! My kids and friends can always use a few things. My goal is to not be the richest guy in the cemetery! Good luck to you and may you enjoy your live!

@denaycarroll5073 24 дня назад

Just found this channel! You are amazing! Thank you for the life changing advice!

@ginapiano5593 Месяц назад

Great video! You have alot of the same debt free principles as Dave Ramsey. I'm following his plan, and hope to be debt free by October! I love that u stayed away from debt at a young age! I'm 46, and just now understanding what u implemented at a young age! Kudos to u! Ps..Levi as a puppy ❤❤

@tacrewgirl 17 дней назад

Great video and info. Thanks.

@simplewelshman 27 дней назад

Well done you, great work.

@bootsmade4walking 27 дней назад

set very specific goals *noted* thank you!!!

@sunflower3572 8 часов назад

I am looking at retiring and I came across your video. I wish I would have watched it when I was still in my 20s. You give great advice. I love, love your attitude and your mindset. I have been implementing most of the tips that you are giving here, but only for a certain time as I was not aware when I was younger. It would have made such a huge difference. You are doing a great service to the community sharing this experience. Thank you! I wish you the best success and all that you do!

@FinanciallyPowerful Месяц назад

I love your tips about cars! I drive a 2004 ford escape and it was free from my dad because he fixed it for a friend and they gave it to him! I could afford something else, but would much rather save the money! As always, a great video Nicole. Have a good week.

@tonyp9313 Месяц назад

She's not good on car advice. Buying used you'll have many problems with that especially a Ford which break down. If you can afford it buy new Toyota cars. These will last you 20 years.

@ivobiancucci4528 Месяц назад

My 2005 Ford Escape has 307,000 kms

@ivobiancucci4528 Месяц назад

@Tony $35k for a new Toyota or invest the $35k for twenty years let me know which is worth more after 20 years?

@tonyp9313 Месяц назад

@@ivobiancucci4528 Yeah that will be another 17 years lol. My 1st car lasted 18 years a Suzuki Vitara I bought new. Totally worth it.

@tonyp9313 Месяц назад

@@ivobiancucci4528 Oh ok so now I can't buy a new car because I am supposed to save money for 20 years lol. I live in Canada where rust is on my cars so I have to get rid of it as soon as it's worthless. You're failing to realize that I can go a lot of places with my car, save time & effort when doing things. My friends have used cars because they can't afford new cars. You know what happened, the car wouldn't start. His battery died. He was in the states & to call a toll truck just to get him all the way home to Canada. Then other friends bought old cars & they broke down as well. Too much of a hassle to fix it etc.

@arthurkirk2100 28 дней назад

Borat said it best..."very nice!" Thanks for the insights.

@daveriley4553 Месяц назад

currently working on paying our house off and hoping to have that done next year. currently not investing but plan to start after house debt is gone. all other debt has be paid off. my business requires alot of money to keep going and is the main reason for wiating on house. i know there are better strategies then what we are doing but our risk tolerance in very low with our growing family.

@00mazone Месяц назад

My goal is to pay off my rental property and then sell my California house to move where my rental house is. I can then buy another house for cash from the equity in my CA house and have 2 paid off houses. I'm shooting for 7 years. Then I can quit my current job and I will only need a part time job. More time to myself is my real goal. Plus it's just very expensive to live in San Diego and it's only possible with a decent wage job that I thankfully have. I want to get out of this rat race though.

@Savvynomad225 Месяц назад

I had the same experience/awakening about how most people buy cars. I’ve also learned that people will wrap “underwater debt” into new car loans as long as they can afford the new monthly payment.

@mariacrochet8379 Месяц назад

Another great video. Always some new ideas to make achieving goals seem so simple. You rock!

@andratoma9834 26 дней назад

You are awesome! Congratulations!

@noniamaus 26 дней назад

Kudos to you! I am proud of you.

@libbysworld7649 Месяц назад

Great video, Nicole! :-) Our main goal is to build our emergency savings components and to pay off our house. We are currently looking at about 14 years until retirement. We are currently contributing 20% of our income to savings and 18% to investing. We've both maxed out our employer matches and are investing in separate IRAs besides. We want to have $50k saved for a 3-6 month emergency fund $10K emergency cash reserve, be one full month ahead and also have a checking account buffer of $1200. That alone will get us to a place where we can leverage extra money to paying off our house before retirement.

@nleem3361 22 дня назад

Inspirational. To learn about stocks and investing, I watched a few RU-vids and got an online trading app and then put $100 on my account. I then bought $10 worth of 10 different companies to see what they'd do. After a few months, I sold 8 and then started buying whole shares of the companies i liked or ETFs. I'm going to go back to buying a few hundred dollars worth of shares every payday. In the last 3 yrs, i have several shares that are up a lot, like from $200 to $400 per share. It's wild that's done that well. I need to set a goal. I think early retirement is a good one. I also just need to save so I can travel to the places I want to go once a year.

@RustyDice Месяц назад

Career thing is going to be important for most people. Pick an industry that has 9o% employment, and several different employers in your area. Wanna be an actor or musician? Unless you're clearly in the top 1% of those around you - work a job, and do theatre in the park or open mic to get it out of your system. You'll live an easier life. It sucks, but it's what your friends and family or social media aren't telling you.

@or123and 26 дней назад

Well done, congratulations, Nicole. I wish i was this smart when i was your age.

@marcdc6809 Месяц назад

I have two children in college, so that's basically the goal, making sure they have a good start in life. We have a mid-terrace house, all paid for, now two years ago we bought an appartment in the city where the children study, so they both live there, and my daughter wants to live there later on, so it's already a headstart, now we'll see what my son will do after he graduates. Biggest advantage is that we don't have to pay rent. I'm proud of my daughter, we did some electricity wiring together, also saved some money that way, somehow my daughter is more serious in such matters, I hope my son also becomes a bit more practical later on.

@mananddog9884 27 дней назад

Great video, what industry do you work in that allows you to keep raising rates while everyone is struggling generally? Thanks

@masoncnc Месяц назад

perfect video! That 100k down payment compounded at 10% over 30 years might shock a spreadsheet wizard. Paying less on a rental will doubly shock the home owner over 30 years. ... to the tune of easily double the net worth.

@QuickGG 24 дня назад

Congrats Nicole 👏

@Turtlezilla 27 дней назад

Amazing young content creator, very inspiring! Great job and keep spreading your experience! 👍

@user-po9ne6tx1c Месяц назад

You look naturally charming. Meanwhile a lot of us go in debt to try to fit the beauty standards. You’re definitely winning on every levels.

@DonnasWonderland Месяц назад

Omg 1:04 in and had to comment puppy Levi is adorable 🥰 ❤

@voodoodrug Месяц назад

Dumped my bigger house and bought a smaller house and hacked it. Covered my bills and food. Dumped my 6 fig job, went to casual on call. Extremely tax efficient .took my new found time and learned how to hussle trade hack love life

@0xDanielCamarillo Месяц назад

I had the same problem as you, if I knew how to invest back in 2011, I would be rich by now, back then bitcoin was like $1, instead I invested in walmart stock believing I was going to be rich in ten years 😂 My investment grew substantially but not enough, anyways I like my state right now because I learned a lot in these years, I do prefer an stable income over becoming rich overnight

@alejandrotorrero3621 Месяц назад

I totally relate to this, I am also a natural saver, frugal, etc. I've been accumulating my savings but I had no idea of anything about investing it, I didn't even know what a high yields savings account was, didn't even know they existed, but once I started accumulating more savings I believed it was time to find a way to put it to work for me, then after investigating a bit, then found the possibility of compound interest, then I asked myself "how come I didn't know about this and how come I didn't start this years ago?" I think it's because NOBODY around me talks about it because NOBODY knows, because people around me just work on their jobs to spend on things they don't need, get into debt, spend more, consume, then post in on social media to show how cool their life is (which I don't have anything against, but this means the majority of people are not into making-money-grow mentallity).

@Crazybatladyx День назад

I had to share this with my almost 18 year old daughter. This is such a great and helpful video that all young people should watch!

@uui219 Месяц назад

Can you make a video teaching us how to invest?

@paul_domici Месяц назад

If you just put 15% of your income in an SP500 Fund you'll become a millionaire!!! I love buying apple stock also : ) Do it weekly if you can

@gordonpi8674 Месяц назад

That fund is no5 available to Canadians, maybe on moomoo now?

@paul_domici Месяц назад

@@gordonpi8674 BMO S&P 500 Index ETF Yes it is I just checked

@dannyemond4566 Месяц назад

@@gordonpi8674 In Canadian dollars, you can buy the VFV ETF, which tracks the S&P 500. However, don't believe it will make you a millionnaire overnight! As a long-term investment (many decades), you can expect around 7% or 8% appreciation yearly on average. This is not for day trading or short-term gains.

@bjf4235 29 дней назад

I wish I had done that when I was younger. That's really good, how you saved 100k.

@xlerb2286 Месяц назад

No need to have any regrets about not understanding investing earlier. You're still far ahead of the curve and life is all about learning. Me, I did it the old fashioned way. Got a degree in a STEM field, worked for various companies - choosing ones that had good people and treated you right over companies that offered the most money. We lived below our means and saved/invested a bit more than normal but not so much that we sacrificed our todays for tomorrows. I'm 63 now, retiring in 3 weeks, and we've done ok. I think that route is still viable but it's not the slam dunk it was, that's certain.