• Open an online high yield savings account 1:16 • Contribute to 401k 3:11 • Contribute to ROTH IRA 4:33 • Use rewards cards for everyday items 6:06 • Open a brokerage account 7:30 • Find a passive income stream 9:05
Thank you for sharing. I live in Johannesburg, South Africa. I work for myself as Tour Guide. I do this as my fulltime business. But, I also have another business CHERISH I do Beading work, Painting, Crochet, Sewing. I love all what I do. If I didn't I would not do it. Enjoy your channel always awesome tips. Thank you Shehnaz Ahmad.
My first adventure in building an Emergency Fund was through a CD Ladder and having the quarterly interest payment going directly into my savings.. No..... not the "most" productive but the EWP hazards were far less than interest penalties of using a Credit Cards and not being able to pay off the monthly balance...Typically EWP's are 90day-1 year of "interest payments" But if you hold the CD for 3-4 times longer than the EWP.. which would you rather pay?
Great video as usual. I am living in the UK, is a Roth IRA the same as our Pension Scheme in the UK? I am yet to find a side hustle that would be suitable for me, maybe I am not creative enough lol.
Re side hustles? Same. I'm not smart enough to teach anything. I have zero things I could blog about or that anyone would continously read about if I did a blog. What I AM good at is so over saturated that I don't even bother: composing music/singing and doing voice over. Figures the TWO things I'm amazing and confident af in are totally over saturated and I'd never get noticed lol. So I just make my $13.26 an hour working 40 hrs a week and figure I'll be doing that til the day I die. I'm 49 this year so time has pretty much ran out for me. I'm check to check, and I'm about to cancel my 401k I started about 6 weeks ago. I can only afford to put $12 (twelve) in a week. That's laughable, embarrassing and so pointless. I'll lose it all anyway since I'm sure they put that money into low volatility stocks. Plus the market is bad. So even if the market was great, low volatility stocks give a person maybe a couple dollars a year in profit. If I had the ability to control it, I'd be putting that 401k money into high volotility penny stocks and being a major every other day trader. It's the only way for a poor person to make huge profit. Plus buying options. Can win if the stocks go up or down, depending what you play. Buy put options so you make profit when the stock falls and buy call options on a good day. Trick is to sell before they expire so you get the huge profits and don't need to buy or sell them to someone else. ;)
About recording what you actually spend. Can you or anyone recommend an app (not for i-phone - i have a samsung) where I can put in how much mony i can use every month and then have different catagories and then when i get out of the shop i can put what i have spent right under the categories and the app will automatic detract the amount and tell me how much i have left? I am not talking about a budgdt app. What i need is an app where i registeer my income after i have paide all the nessesities (on amount) and then can put how much i have spent in and the app registrer it and detraks . Only one income/salery category and multiple outgoing categories. Not a budgetin-spp. I am not so good at english as it is my third language but i hope this is understandible and that someone can recommend an app for me because i can only find apps where i have to write how much i can use on this or that. Thank you.
I can’t think of an app at the moment, however one option might be a “spending tracker.” It’s not a budget app per se, search your app store and you might come across a few simple options.
