I realized that the secret to making a million is making better investment. I always tell myself you don't need that new Car or that vacation just yet and that mindset helps me make more money invest:ng. For example last year I invested 70k in blue chip stocks and crypt0 s (with the help of my advisor of course) and made about 380k, but guess what? I put it back and traded with her again and now I'm rounding up close to a million. Delayed gratification always pays off.
No matter how much money you make, if your expenses are greater than your income you will be living paycheck to paycheck. People need to learn to lower expenses!
Oh, absolutely agree with you, actually a lot of people don't think about future, don't investe money and only waste,in my country it is super typical situation 😔
I agree, I'm happy to read, go for walks, listen to music, cook, play board games, no need for loads of meetIng for dinners, coffees or spend loads out
I can see where you are coming from with this statement. But I think the people best with money are those who have good impulse control and discipline, regardless if they are an introvert or not.
I literally have no idea how people dislike these videos. We’re getting free content that can better our lives from him, yet people still aren’t satisfied🤣
always haters.... people who feel bad about themselves when they hear this content because they know they should be doing different. Just means you're on the right path :)
I literally have one hater on all my videos, they dislike all my videos lol... instead of unsubscribing or commenting on what to improve they just dislike. There's always going to be those people
My biggest takeaway is what you said in the beginning. Most people are afraid to even analyze their current position because they’re AFRAID of what they might find!! I give a lot of financial advice myself and I must say: Nate, your channel is extremely impressive. You motivate me to put out more content. Cheers!
Live now how others won't, so in the future you can live how other can't. Educate yourself, learning never stops. Learn new skills, or, specialise in your current profession, specialities in any profession are in very much demand. Don't spend on any unnecessary things. and maximise free benefits, i.e. credit card rewards (but use with caution, it's not for everyone) Awesome video Nate, financial awareness and independence!
100%... moved to LA and made 19k my first year managed to save 9k. Next year made around 40kish and was living off $900 a month TOTAL bills.. literally saving like 75 of income. After 2.5 years I had 40k to invest in real estate. All my friends doing the same jobs were super broke and were like "how are you buying real estate we work the same jobs" hahah
Hey Nate, I really like how you talked about running yourself like a business- this type of thinking really forces you to stop making excuses on unnecessary purchases.
55 year old lady here. Nate, I love your financial and life advice! You have helped me to understand the concept of money so much better. Please keep making videos! Your parents must be super proud of you! I hope to get my 20-something kids to watch your videos as well!
Some great tips in here, I would encourage anyone whilst your younger to build and create like mad. These paycheck to paycheck fears get worse when your older and have more responsibilities. Make it happen now!
absolutely! live like a broke college student as long as you can! i moved to LA with 400 and no job... literally worked side gigs and made 19k my first year and saved 9k. Next year i made like 40k and had a total monthly expense of 900. Was saving like 50-75% of my income.. my first week income covered all my monthly bills. Paved the way to invest in 20 properties. It's harder the older you get and the more responsibilities you have.. but in the end it's all about numbers and you MUST make sure you are saving
100% gotta do something different to have something different. I remember my couple years in LA i made such little money.. first year was 19k saved 9k, second year was around 40k income but managed to save 40k in about 2.5 years. Did my first real estate deal then... all my friends that worked with me were still broke.. they were like "how are you buying real estate when i can't afford rent".. well i was sleeping on couches, 3 guys in a one bedroom apartment.. $5 a day on food.. etc. When i told them that it was like "oh i couldn't do that".. and i was like "yea you don't have to.. but that's why i have 40k right now"
This really resonated with me. Constantly stressing 😟 out about money and car payments... Working as a bus boy and then at Bank of America, I felt like I earned just enough, but it kept me living paycheck to paycheck. Without a college degree 🤓, I felt like those jobs were probably the best that I could do and that I would just be forever broke. One day I made the leap of faith and went after my Real Estate license. All I can say is that even if all you have is high school education you can still make $100k a year.
I like that the first step is to "acknowledge the problem" LOL. Great breakdown, but it's so true. You have to know where you are first in order to take steps to create passive income and financial freedom.
I’m definitely on my way to financial freedom! I’m not living pay check to pay check but I’m also not living financial comfortably. Still got some progress to make but I’m going down the right track 🙌
lifelong journey... especially if you are doing it right and constantly reinvesting.. you won't live comfortable for a while.. BUT when you do get to that point..that money won't stop rolling in. Keep pushing man... lets crush this.
I am 22 years old and have very good control of my finances. But when you mentioned not only playing defense that really hit me. Been running a great defense for about a year now, saving 60-70% of my pay every month. Time to take things to the next level and hop on offense. Thank you so much Nate!
Nate, I like the educate part the most. If I knew how finance works earlier that would make such a difference. I am passing this on too my daughter, I would like to let her know how this works as soon as possible! 👍
yes the earlier the better!! never too early but never too late. Life can change drastically in a decade.. like the saying "most of us overestimate what we can do in a year but underestimate what we can do in a decade"
“This is not going to be an exciting video. I’m not going to crack a lot of jokes but if you want to get from where you are to financial freedom, this is the video for you.” And I thought I was here to hear some jokes
Defense and offense can also be applied in the portfolio construction. Dividend stocks in Utilize sector -> defense Dividend stocks with growth potential -> middle ground Growth tech stocks with profitability & strong balance sheet -> offense Growth tech stocks that are not profitable in growing industries -> speculative
Nate O'Brien do not know how else to get ahold of you but just saw a recent post on Facebook of someone sharing one of your older videos. I thought cool cause I watch you all the time. Click the link and she had it so you had to put in your info to watch your youtube video! Was very unpleased with seeing someone try to make money off your hard work. I reported the post and got it deleted but please be aware of this! I really enjoy your content and would hate to see others steal it from you for their own personal gains. Thanks for all you do and keep up the great work!
Love watching your videos and I'm happy you're making people aware of what's going on, nice breakdown! I had a 9-5 and was struggling because of my lifestyle, now I don't have a job but I don't live paycheck to paycheck anymore because I make much smarter decisions, it's way less stressful.
Congrats! That’s an awesome start. Exploring ways to grow your money through investments is another way to reach financial freedom. Best of luck on your journey
@@traviswilliams1296 thank you, but i am at the end of the road. i am 50 and i don't have much money saved. i must fight teeth and nails to be able to survive for 5 years with the money saved. right now i have money to survive for 2.5 years and i have 6 years left to save. it is my last chance. young people should know that life is very short and that the physical weakness comes over night. today i saw a dress that i want so badly, but until now i didn't press the buy button. my freedom is so much more important and i have wasted money on clothes for my whole life. now i am crawling on the floor.
You know Nate you shoukd take pride that the bars you spit (Knowledge) helps people worldwide. Let that sink in. I used to always feel your videos were just based on one part of the world but you can take it and see if similar opportunities arise in other countries where others live as well. Thanks for everything.
Always looking for this kind of advice! I am a healthy woman a little over the age of most of your followers. I was laid off after 10 years at my job and outsourced to India. I'm now working two lower paying jobs just to still be in the negative each month and have cut back everywhere I can, but sometimes there are just no answers.
I mean, living paycheck to paycheck is real life 21st century prison. I have never accepted the notion that we were here to work to live and live to work without no ending
Thank you very much ! I took notes on what you said. I've already running myself as a business and have a sheet for all my cost and incomes and everything that I spend and get, it's massively profitable to get better to control my financial situation. I just need to play offense now and set consistent goals and I realized that if it was so hard for me it's because I skipped my financial education ! I will just read about how taxes work in my country, how can I get the maximum benefits when I will start my business. Thanks to your help it became clear and easy to take actions on. Thank you so much !
This is great. Nate you do an awesome job explaining this. I've just started subscribing. I've also started making some videos like this myself on my channel since I've learned that a lot of people need help with things like this.
@@thenorthpolecompany1113 Thank you!! Please do - I talk about passive income, finances, and being able to do it while being able to follow your passions as well. Thanks!
I honestly believe that a big problem is that people in general tend to spend even more if they get a bigger paycheck. O have friends who do that instead of saving more money. They will just go and spend even more and then complain they don’t have enough money. I tend to go the opposite, the more I have the less I wanna spend. :))
Most people choose to live paycheck to paycheck! I don't spend any more or less money on any given day of the month because I "just got paid" my bills are paid and the rest stays in the bank and any extra after a few months goes into investing! I buy "extra" with a credit card and my credit card bill is also auto paid. I don't even "budject" but I always have EXTRA $$$$ left over. What u see is a problem? People who "Waite" on there paycheck. And what do they do when they get paid? Spend it on "wants" I can buy "wants" any day of the week! Because I have a lot more in bank then I live off of in one month. There is a LOT of things I want and I can buy them any time! THAT is fredom!!!! But the difference between that and someone else.... Does someone else tend to buy the stuff they want... While someone like me does not. (Even though I could afford to any day of the week) there are people that blow money and there are people that save money.... But as much as you can't get a spender to save..... You also can't get a saver to spend! Someone could hand me $20,000 right now.... The entire amount would go in the bank!!!!!! I wouldn't even spend 20 bucks!!!! Poverty is a state of mind! And it's most of the time a choice! Hence I said "most" of the time! You have people coming to America from other countries with 50 cents in their pocket!!!! 20 years later they own their own home and their own business!!!
Hello Nate 🐥Thank you for making this free education video!! 1)Check my paycheck 2)hide my credit card .(Until I can pay off them) use cash 💰 or PASMO (cash charge card in Japan) . so far I’m in no.2 level. 😹but hoping to reach no.6 next year!
This totally blows me away every time someone brings up to me about how much they make. It almost makes sense that so many people live paycheck to paycheck because they settle with making a small amount each year. Also we should meet up at some point, I live in the Philly area too.
An alternative to step 3 is setting systems instead of goals. "What are systems?" Unlike goals which are a one time thing, systems are periodical. Example: a goal is gain $1000, a system is gain $100 each month. So instead of setting a goal to be debt free, you can set a system in which you pay off a part of your debt with each paycheck. This method tends to make you stick with your plan better. "Why?" If you accomplish your goal, you tend to be happy with the results and stop. If you take too long to accomplish a goal, you get bored or frustrated and eventually stop pursuing it. If you set a system, there is no end to it. But you don't get bored or frustrated with it too, because you accomplish it each given period.
Great video man ! It’s amazing how many people don’t have an emergency fund. Just wanted to thank you for your great content, you’ve inspired me to start my own real estate and finance channel and I hope I’ll be as successful as you one day 🤞
Great job Nate... you are much smarter than I was when I was 21 years old... Just like losing weight, where you have to burn more callories than you take in, you need to go on a financial diet too... spend less than you make. I have been saving 33 percent of my income since I was 18, I'm 48 now
lol...im cutting transportation to almost zero lmaooo. well...have been for a few years. Carpool to work. pay for gas every other week. plus still live super close to work (altho pricier area so....prob need to relocate soon).
I don't have those negative thoughts now. But I'm still busy. Lol. I'm naturally like that - dealing with mood swings. So you better be good at giving physical touch! HAHAHA!
Thank you for this!! I learn so much from you, Nate! Keep it up! I wish I had friends like you. It would be helpful to surround myself with like minded individuals !
Although you said this are just some advices to get financial freedom and not a specific programme or plan to do it; I think you bring great ideas. Many people live as slaves of their expenses, so they can't really enjoy their money. We should focus on the way we spend (or waste) that money and making it produce more and more. Healthy credit score is another goal in this video 👏🏽
then its time to get a better job. we all start low then increase. I started with 10/hr, then 25 and now 30 (no intention of staying here too long). the older u get, the higher u should be making.
I'm not struggling to pay bills I'm just done working and wasting time at a pointless job away from my family. I should not see my coworkers more than I see my child
I have to drive 40 miles to and from school but i saved a little bit of money by carpooling with others in my class who live in the same area so that is an option
I would love to see you review the barefoot investor. I think that would be really interesting on this subject. (if you do read it, Super or superannuation is what we have instead of like 401ks etc, except it has a lot of rules around when you can access it, just in case you didnt know, took me so long to work out what a 401k is haha)
Great video Nate! I've been following your channel for a few years now and I definitely consider you to be an inspiration of mine in my journey to achieving financial independence. Thank you!
I wish I would found your channel years ago. I do feel that women have more expenses than men, especially those like myself who are quite femine. Have you thought about making a video covering this subject? By the way, I am 52 years old and enjoy your channel. Your parents must be so proud of you! I need to share this with my 20 year olds.
I’ve really enjoyed your videos and I’m learning to have better and smarter financial freedom for that but I wanted to ask the question. If you were in a situation where you feel your not happy with the job or career and to be happier with a new career you would have to take a pay cut in order to leave. How would you approach that situation if you don’t mind me asking?
I will post this every single time you post a video in 2020 as an acknowledgement how meaningful your videos have been to me. The more likes the more people are acknowledging you too man. #8
thank you for todays investment video nate. i am risk averse so i invest in cds and gics which are the same as US Cds. But when i think about it as a 60 year old you are right we are better off investing in solid etfs like vanguard has than fixed income investments. By the way who is the picture of on your back wall? im in the music industry and was wondering who the guitar player is.
Nate, can you also consider within the assets the network you have? the people and connections you have, "your network, can be your networth" it is an item to also take into account :) best business can come from your network :)
