“Discipline is the strongest form of self love, it’s ignoring current pleasures for bigger rewards to come.” Thanks for the content. Really enjoyed the video.
GIRL THANK YOU!! You called me out with the Uber spending especially being from nyc, “you don’t have it like that. I don’t have it like that. Why we acting like we got it like that??” Was a WORD. I was just debating taking a Uber from Manhattan to the Bronx lmao.
This was super refreshing to listen to. The best resource for getting overall finances together if y’all haven’t heard of it yet is the book/app YNAB (you need a budget) using that shit makes you feel like you got a huge raise. Great vid Monica more mils/gen z need to hear this from people like you
What's really surreal to me is your combined monthly rent is about 4 times my monthly salary. I am working a full time white collar job with a salary that's wayyyy above average in my country. I even graduated with honors from the most prestigious university here. It blows my mind that the standard of living in the US is so great that fresh grads can work 8 hours as a barista and maintain an art studio, take ubers and eat takeout everyday, and even keep a pet. The point of this comment is appreciate what you have, even though it's way less than what you want to have. Save instead of living that influencer life because not everyone can afford to save.
this was so good. i relate to that one day i will get a big check come through... it's mentioned in a great book called "how to get out of debt stay out of debt and live prosperously" it's a good read...especially for artists!
It doesn't matter what your profession is...I'm a lawyer and I'm in the same boat. Covid was crazy and it didn't stop predators from predatoring. My debt from law school outside of loans are crushing me. I had to put everything on a credit card to just survive school, and that was with working two jobs! I started my career at the end of 2020 and I just try to enjoy the small things. I make good money, but definitely not enough to be ballin. My bills is enjoying my paycheck more than me.
I am a model, but I am also a medical assistant who is in nursing school. Modeling money is great, but that $5000 might not come again for 5 months lol.
@@MissG517 took me a minute to get some AirPods. Even when I did bug them, I waited for the $25 credit & leased it with the Apple Card. It’s the food delivery that gets me 😩
I think "Don't go broke for people you don't like" is a great reminder - both regarding trying to be generous when you dont have the means, and in regards to buying things that you think will make people like you (fancy clothes etc)
So many people spend money just to keep up appearances in the eyes of others. It's the consumer culture that get pushed down our throats - if you don't have the best/most expensive thing then how will anyone else know that you're wealthy? The real questions is why do you need other people to know that you're wealthy?
I’m not going broke for people I do like either lol. Stay in your lane and live within your means (that’s what I say to myself). Save for the things that matter. The people who actually care about us, don’t place value on what we wear or have, or the things we can buy them. It’s crazy how social media has made everyone thing that luxury is for everyday folks and that everyone should be living that way.
Don't go broke for people you do like either. Look after yourself and your immediate family first. If you come into money, don't give it away to friends and family. And don't splurge too much either. You can always splurge later.
Girl you right… I don’t got it like that… I can’t spend $40 a week on bath and spiritual items, going out to dinner, take out, online shopping… girl you spitting facts
"Nobody got it like that." Finally somebody said it. Cuz I've been up here at 46yo, attorney, making 6 figures, looking at the youngins like, man, ain't no way. Money. Just. Don't. Be. That. Long. Unless you get that money out your bank account and into a 401k or a Roth .... baby, money is short as fuck. It's very nature is to get from the fuck out your pocket and into the stream of commerce. It will forever find a way to do that. Thank you for finally saying it. Y'all need to get with the #firecommunity asap!
Giiiiiiirl, this topic is needed among Millennials. I’m literally in the same situation sitting in my 2 bedroom apt in NYC 🥲 wondering how did I get here. 😭 I’m glad more of us are talking about financial literacy and living below our means.
Thank you for making this. You’re making me realize that these are my actual thoughts about a lot of things in my life- and I’m not an influencer, I have a 9-5 and the same applies
Omg SAME. I know I have a spending problem and am In need of some serious therapy. It get so angry with myself when I think about how much I could have saved by now…very disappointing as well. And now I’m just embarrassed.
I needed to hear this. My finances are shit right now, but I see the light. I can't keep living with no sense of direction. It was cute (not really) in my late teens-early 20's, but it makes me sick at 25.
I feel this! Just turned 25 and though I am good with money now, I only started my financial independence journey at 23. I wish I started sooo much earlier 😭😩
I LOVE that you talked about this. Here's my 2 cents for anyone who cares to read. :) 1. If you have federal student loans, you need to get and stay 1 payment AHEAD. Meaning that you don't owe anything that month because it was already paid, and you are sending a pre-payment. Why? This allows you to pay the PRINCIPAL (the remaining balance of the loan), not just the interest (the monthly charge to borrow the money that is added to to the principal each month.) Without being 1 payment ahead, you have to pay off all of the interest first before you pay the principal. This is unlike ANY mortgage or credit card. It is fully predatory. Stay 1 payment ahead and set your "excess payment preferences" to go 100% to the smallest individual loan. Then, when that is paid off, select the next smallest individual loan. In this way, you can actually reduce the total amount that you owe and kill the bill much sooner. 2. You need to look at your life in percentages. These are from Gail Voz Oxlade, a Canadian finance guru. (I don't like ALL of her stuff, but this was helpful.) You need to calculate your NET income after taxes and insurance. That is the number that you use for all financial decisions, not your gross (the total amount of the check.) No more than 35% of your income goes to housing; no more than 15% for transportation, no more than 25% for lifestyle (groceries, clothing, going out, travel), no more than 15% on debt repayment and no more than 10% on savings. The caveat is that you can spend more on debt repayment and savings as long as you can reduce the other areas. So this is how you can make sure that you are "in check" and not overspending in any category. You can increase your debt repayment and savings by decreasing the other areas. 3. I LOVE the Money Manager app where you can enter all of your expenses as they happen each month. It shows you percentages, changes over time, and allows you to set a budget directly on the app. I have tried Every Dollar from Dave Ramsey, and found it annoying. I prefer MM, but as long as you track your expenses, it can open your eyes and show you where your money actually goes. I had a revelation, for sure. 4. Make sure that you have AT LEAST the cost to move into another acceptable living situation in your savings account. Dave Ramsey teaches people to have $1,000 in savings only. That's not enough! I have had landlords sell their buildings, and I had to GET OUT. Thank God that I had my own money to get into another place. A friend of mine, who is a wonderful person, did not have money in savings, and she was trying to crowd source the money to move from family. It was stressful for all of us, but much more stressful for her. Have your own money in savings at least to provide another home for yourself based on the cost of living in your area. 5. If you can, have 3 months of living expenses in savings. If Covid taught us anything, it is that having money in savings is your literal piece of mind! I knew exactly the month that my savings would run out. I was very fortunate to have enough for several months before I needed to panic. Definitely try to have at least 3 months of living expenses in savings. 6. Don't feel like there is "one way" to get debt free. Whether it is the snowball (pay off the lowest bill first and then roll that amount into the next smallest bill with minimum payments to everything else) or the avalanche (where you pay your most expensive bill first with minimum payments to everything else) or something else. Whether you save your emergency fund first, alongside paying off debt or alternate months between savings and debt repayment, it doesn't really matter as long as you are DOING IT. 7. Some people (like Dave Ramsey) will tell you not to ever go out, not to every buy a gift for anyone, etc. while you are getting debt free. In my humble opinion based on my lived experience, you need to be able to have a reasonable amount of "enjoyment money" each month. It needs to be reasonable and it needs to be disciplined, but the all-or-nothing approach never worked for me. It left me feeling shamed and like a failure because it was too restrictive. Having mostly discipline with small rewards is what has ultimately turned my finances around. (I'm still moving toward my goals with this new momentum!) Hope this helps guys! As you can tell, I'm on my own journey of getting things done. Don't let anyone shame you or make you feel stupid. Take what you know now and do more than before.
Thank you so much for sharing this. I am graduating with my Master's in August and I know I will need to start repaying my loans by the beginning of 2023.
Love how comprehensive these tips are! Thank uou for sharing! About to have a salaried income and getting used to being an adult. There’s so much to learn and it can be quite scayy, but bit by bit I’ll get better :)
I grew up in a country where uni/college is free and I'd even get paid to go to school. I'm in my late 20's and have zero debt! Now I live in England and can't comprehend that students need to pay £9,000 a YEAR for a degree! + they need to pay interest... like wtf. It's just so normalised here so no one's complaining. They've also made EVERYTHING into a university degree. Like, if you need to learn how to do makeup you can spend £27,000 on a degree. Surely that isn't necessary. The most frustrating part is that, when my dad (who's British) went to uni back in the 80's, it was free. Another great reason to hate capitalism - education shouldn't be a debt sentence!
The fact that you think high student loans are due to capitalism is proof your education probably wasn't very good. Capitalism allows people to keep your money. What you're talking about is big government getting involved and unchecked corporatism. In America, Joe Biden voted against loans being able to be discharged in bankruptcy, and once you have guaranteed student loan lending, prices soar.
@@archiebrulet2284 no Archie, I'm talking about the fact that education has become entirely transactional, like all things in capitalism. In the UK it's become nothing more than the exchange of goods and services and with time the margin between cost and benefit tightens. Bye
I just wanted to say that, although these issues are totally rampant for young people, not living in America helps. I'm Australian, meaning that 1. Our superannuation system means that employers are legally responsible for managing your retirement fund (or if self employed, you can pay someone to help you do it or do it yourself), 2. we have universal health care (still a flawed system, but ultimately if I suddenly fall ill, I won't get into debt. A friend's partner had a horrible accident recently and was hospitalised for three months, some of that in a coma, intense rehab for neurological problems, and they only paid about $200 AUD for the ambulance fee to the hospital).3. I don't have a credit card, and I feel as if they're not as normalised here, especially not for young people : we don't have credit scores really. 4. We have government funded loans with no interest (although uni used to be free back in the late 80s) for uni, and even then these loans mean nothing when applying for a mortgage. I think it's important to remember we lived in messed up systems that are designed to individualise poverty and financial problems, when it's mostly about where we happened to born and what financial situation your parents happen to be in.
'But America is land of freedom!!' is what a lot of Americans will say, yeah freedom of banks to have systems in place to exploit you in ways unfathomable in other countries with more regulations in place.
I'm American but I've been living in Australia for three years (or "just in time" as I put it when the pandemic started). I love it here and am definitely going for a 2nd passport for all the opportunities you've listed!
@@justynawisniewska1213 totally. I was floored when I was in the states, my bf at the time returned from being away for an extended period, and was getting calls from debt collector people. I remember he was googling the place to find out if it was real, and ended up basically bargaining with them about how much he could pay (it was medical debt from an injury he got in a state that he wasn't insured in). This whole process was so foreign to me- having to investigate whether someone was trying to rip you off, the weird fine print policies of insurance companies, him finally arriving to his home to be greeted by this issues. Don't get me wrong though, Australia is moving more and more toward these systems as our political parties have moved more right and right in the last 15 years or so. So, the fight here is to keep Medicare free and expand it to include dental and mental health, to keep and raise our minimum wage (around 14 AUD I think), increase leave allowances, etc. Increase welfare. All of these we do have to constantly fight and advocate for!
Im 31 and already preparing my retirement money. This financial shit is super serious. Each year that passes is opportunity loss if we aren't preparing and organizing our life. I really liked this video. Currently going out my comfort zone to budget, invest and teach my friends financial literacy.
Whew, teach me, sis! 😭 I'm 31 too and decently proficient with my household funds, but I'm still pretty scared of the advanced finance stuff like retirement and 401K. 🥴 Finances are really treated as something you *just know* and that's far from the truth. I know quitting my annoying cigarette habit would help me a lot with building a stable savings. 🙄
'i haven't lost one second of sleep over nfts' : I laughed so hard :'D as a freelancer in London, similarly burned by the pandemic, this vid was so relatable/moving/heartwarming and refreshingly honest. thank you for your authenticity over a subject people often shy away from.
thank you for this video, this was something that I really needed to hear, I'm only 22 and I'm definitely living beyond my means, and am so careless with my money and how I spend LMAOO like shit if imma get paid "fuck it" but girl I can't live like that bc like you said "I don't got it like that" there have been mad times where I'm going out and regret it later on bc that money could have gone towards savings something else you know.
Okay but I actually really look forward to these videos! I’m a hunter MA student who’s trying to become a research based artist and it’s amazing how much your videos help me sooo muchhh to feel less anxious and show up for myself more. thank you for making them!!
I blew 25 of unemploymente money on clothes, jewlery and shoes. Im so ashamed of myself. And i also have nothing to show for it. Last time i checked my bank account yesterday i had 25 dls left. Good thing my husband pays all the bills at home and he is really good with money but i need to change and my family.
It's real common. Let's not be shaming anyone. Girl, glad you realised this is not where you want to be and now be looking to do different. Much love..
GIRL you are funny, THANK YOU FOR BEING TRANSPARENT ABOUT MONEY! Especially as an artist; I'm an artist in LA and have family here, your story sounded similar to mine. And I'm like damn these people must be rich as F cause they have expensive ass studios and ordering uber eats all the time.
Completely relate!!!! More people need to see this. Literally my story. Wasn’t until the end of 2021 that I actually started attacking the credit card debt and have paid off two of the 5 I have thanks to moving back to my mom’s. Wish I would have known this 5 years ago but hindsight is 2020 and 2020 forced me to deal with the fact that I was living a lie in bliss
Your personality is so fun and I love how you're able to laugh at your mistakes. I feel you on the "I never wanted to do any of this". The Etsy and the RU-vid and the freelance and the contract 😭 I just wanna share my art not be a business woman!!
I enjoyed this video. I, personally, don't hear a lot influencers/freelancers/content creators talking about this issue. It was great to hear you speak on this, and how most of us really don't be havin it like that. I'm super frugal, so I understand everything you were talking about and why it's important to pay attention to what you're spending on/how much $$$ you're spendin
Omg “why are we acting like we got it like that??” FACTS , legit coming to terms with that too like im spending money I don’t have , like who do I think I am?
When you mentioned high waters I had a flash back to bullying in elementary school. My mom also exclusively bought all my clothes from the thrift store and that means clothes don't always fit well so you take what you can get. Them being thrifted on top of the fact that my mom had no sense of fashion, meant people were always talking trash about my clothes. Thankfully in middle school and high school we had a uniform (more like a strict dress code as opposed to a real uniform that you buy from the school. So ours were navy polos and tan/beige shorts/skirts/pants. but you could buy them anywhere they were sold.). I think this is why I became really into fashion and dressing well starting in high school.
Definitely needed to hear this as a high school senior so thank you yt algorithm. Btw I downloaded the mint app a while ago to track my spending and it pretty good for anyone out there
@@loveamaragrace they’re in high school still so they aren’t technically majoring in anything yet (unless they’ve committed to a college with a major in mind) ! :)
This is a such a breath of fresh air. My financial burdens from bad decisions have really been weighing on my self esteem and worth. Feels good to know even people I look up to struggle with similar problems (not that I want you to struggle) but makes me feel less alone. ❤️
I really needed to hear this. I recently came to a point in my life where I had to sit down and look at some of my spending habits and ask myself what are you doing? I was spending hundreds on ubers a month to go to work and hang outs, going out to eat all the time buying boba and coffee on a daily basis all while working a part time job and being a full time student (Btw I go to hunter college)and feeling unstoppable because I have credit cards while still living at home and not having to pay rent. But you get to point where you start to feel economically strained and start to look back on the money you've spent on useless stuff, the reality is i would've probably had a couple thousand saved if i had simply just woken up earlier in time to take public transportation to work instead of cabs, but im working on it, im working on cutting back on unnecessary things and making better decisions with my money.
I'm almost done with the video and I liked it a lot! The only thing I disagree with is to write down your transactions once, twice or three time a month. I used to do it like that and just kept going back to the old habit of just not doing it at all, so now I do it every time I have a transaction, every two to three days. It has helped me a lot!! Great vid again, greetings from Venezuela💛
Super funny! I respect and appreciate your honesty. It is refreshing to see a young person speak so openly about money. I am much older than you and try to teach my young beautiful nieces about money but they just feel like i am nagging, but will then turn and ask me for my money that I saved. I think not! keep up the good work
I LIVE for people like you - You are so transparent and appreciate you for being super real with us. It's so so so toxic that social media feeds off of our insecurities and consumerism. As a 19 year old in college I definitely DON'T got it like that. I'm so happy that I watched this all the way through because every point you made RESONATED with me like crazy. Just like you said, you'll be in a different situation a year from now and I feel the exact same for myself. Once you know better you do better and I'm tired of having my bank alerts showing me double digits. LMAO - I love your content, don't stop!
I love you for your honesty because I NEEDED IT TO BE HONEST WITH MYSELF!!!!!!!!!!!!!!!!!!!!! I'm two years older than you. I live in Southern Ontario Canada though. My parents who financially struggled did they best they could but can not house me unfortunately. I'm a three year college drop out who KNOWS she SHOULD be an artist but haven't spent ANY time working on painting even though EVERYONE wants my art....hearing your story gives me hope...because YOUR life...is the life I wish I could live! I'm $25,000 in debt from school for graphic design, live in a a small town with no job opportunities for design, I've been living on my own since 17 and working since 13. My partner and I rent a SUPER expensive basement apartment because we have had BAD experiences with roommates! I'm better as a painter but never pursued it because I thought graphic design would pay more.....more people ask for my paintings than for my design....my parents don't have a home for me. LISTEN! I'm the girl who you said if you didn't have your blessing you have that you'd figure it out....I'm going to figure it out. But just so you know....you aren't alone! And you are BLESSED! And you are going to be okay! Because if I'M OKAY! YOU'RE OKAY sweetheart
Well done babe 👏 You doing good work that takes many their entire lives to realise. You are helping so many by authentically expressing both your triumphs and failures. A lot of us are out here parenting ourselves, and videos lile this are treasure chests. Thank you for being you. Your value and worth goes beyond what any Like could convey. And you are blessed in so many different beautiful ways, that also go beyond those dollar signs. Love you sis.
lmaooo that's what happened to me when I got my first credit card. Biiiiiih, I was in ATL doing the damn thang. Still paying for it a few years later. Thankful for my mom who helped me clean my credit up. I spend way less now since the ponderosa. I still believe that I'm rich tho & that money comes to me easy. LOA 😂
I so relate to this - it makes me feel way less alone to hear your experience. My first viral video I earned $15K and spent it all on an overseas trip. Then tax time came and I was scrambling because I had nothing left! I’m really tryna build financial literacy and discipline these days - its a very humbling journey
your story is so relatable. i made lots of bad financial choices in my early twenties. now i keep track of all my accounts. no more surprises or impulse buys!
Let me share those quote that I like, they key financial freedom and great wealth is a person ability or skill to convert earned income into passive income or portfolio income.i feel so glad that I am able to have this passive income with the help of my mentor.
Yes, you're right friend. am looking fort in making some investments that yield portfolio income but still haven't know the best thing to invest in. Can you give me any hints?
I'm single mom and a newbie investor.. I am overwhelmed at all possibilities.. am looking for a passive income so I can retire in a few years. I hope you wouldn't mind to share with me your Idea.
I have tired so many investments which are very lucrative. I invested in At&t, Forex and a little of Real estate and in all this, you can start up FOREX with little funds and it grows more with time
i’m 18 going off to college in the fall, i am working 2 jobs right now saving up all my money so that when i go away i can have my own funds to pay for things. I’ve started to get smart w my money. i stopped spending it on dunkin’s every day, i treat myself to a coffee once and a while but did the math and if i got one every day it was around $120 a month, (&$1440 a year) which is crazy. just shows how even the little things add up. you’re so right when you say we have to start living within our means, like if you don’t got it don’t spend it!! I started realizing that when i make my money, i literally use it on gas and unnecessary things leaving me unable to save. When people ask me why i have 2 jobs they seem surprised but i’m like i gotta get that bag!!!
I def started doing this when I started living alone back in 2020. I had no idea how hard it was and how strict I had to be on myself. I was full time freelancing when I moved too! Now I’m part time freelance and part time in corporate so income is better and I’m learning to balance. Upon moving into my place- I dove into one of the deepest depressions of my life which forced me to change my lifestyle 360. It’s been a blessing financially, mentally and spiritually. But I don’t have fomo about going out anymore cause the reality is I just can’t afford it and it was a hard reality to face being in my 20’s. Being strict is key. You don’t see me out with the girlies like that cause I literally pay for EVERY aspect of my living. Some stuff I can live without. Thank you for making this video cause it was conformation for me that I made the right choice💕
I’m half way through your video and I just want to applaud you for sharing your story with the internet. This is truly inspiring to see an individual be so vulnerable about their own financial situation. It is very raw and honest but hardly ever spoken about freely. Kudos to you for coming to terms with your habits and wanting better for yourself. 2020 and 2021 had also made me realize the “lifestyle” creep and with a similar mindset like yours of making sure I just have enough money to get by. I lost my job in 2020 and now had to face the music of being in thousands of dollars of debt. But I believe there is light at the end of the tunnel and I know you will come out of this better on the other side. Thank you for sharing your story!
Credit cards are actually really wonderful if you know how to use them correctly. I never spend more than what you can pay each month make sure you pay all your bills first and don’t use it like money is unlimited. You can get cash back you can go on flights. I’ve been out of college a couple of years and have still been able to make every single payment.
Monica! You weren’t stupid at all, you were ignorant just like most of the world. We weren’t taught financial literacy in the home or at school. Especially in some communities, we would have never known about compounding interest, IRA’s, and other types of investments. You are right, the system was created for the targeted to remain poor. I’m so glad you and I and other are awaken and doing something about it!! Bravo 👏🏾
I dead needed someone to mention how it felt moving back with my parents after all this time outside they’re house. I’m blessed but also…sis you lucky you got a man cus I can’t get action rn FOR SHIT!
Girl I’m 26 too and I am getting more broke the older I get. Just moved into an apartment with my boyfriend, 14 weeks pregnant, trying to get my master’s, and I change jobs like no tomorrow. Luckily my boyfriend holds shit down, but it is getting even harder and panicking a little. I’m wishing all of your girlies the best financial success! May we all make it! ❤️✨
@@alextroy9202 even if it was ideal, there will always be room for improvement. That is both of our mindsets and I couldn’t have asked for a better partner to raise the child with.
hustle culture does suck but the day and age we live in we have to suck it up and do it if we want to live. sad but we can’t do much about it. i mean we can but that’s a whole nother rabbit hole to go down
“The people who have been able to last a long time are, honestly, the people who play by the rules.” This! I’m sorry but I’ve never met anyone who has garnered long term wealth by doing sketchy things/odd jobs or anyone who has gotten rich off of a get rich quick scheme. The people who I know that are doing well take care of their credit score, keep their debts low, educate themselves on their finances, keep an eye out for deals and rebates, etc. When you are trying to build long term wealth and stability, then it is going to take a long time to build. That’s not something that you can just do overnight.
Thank you so so much Monica! I’ve never related so much to a video in my whole life. Being honest with yourself is key! Don’t go broke in the name of self care especially when you’re freelancing. Currently at this stage of my life rn so this video came at the right time. Blesss up!
You’re so right I was addicted to buy damn Makeup. I could say I spent thousands I’ve been getting rid of all that all makeup! It expires! I feel so dumb now but well you learn! We all make stupid mistakes! But we are young I’m glad we realize and learned. They are people in their 60s that are still making same dumb mistakes and can’t even afford health care! Proud of you sis!!!! You got this! I changed my mentality in 2018! I still treat myself once in a while but just with experiences! Not with dumb stuff I don’t need. And won’t make me happy 💕❤️
Oh man, my sponsorships dried up in 2018, then the pandemic rubbed salt into the wound. Slightly better adsense, but times change. It took a hot minute to restabilize and kill the debt. The younger you, learn the better.
OMG! I love this woman! As an elder millennial, I feel most of what she is saying. As a person who has a bachelor's of photography, I tried pursuing my work on the side while working jobs, but that was very hard to do when you graduated into a recession and all you can think about is finding full-time work because part-time work doesn't cut it no matter how many jobs you work. I worked two jobs for 1 year back in 2014 and I saw that it was far from making a decent living. It is a broken system that continuously is patched up instead of torn down and redesigned. I am so glad that you are sharing your story and helping people to realize that they are not alone.
One and only “influencer” who called herself out! Lol Girl when your favorite influencer’s channel start blowing up, you can’t help but watch the vlogs and say “cha Ching” in your head at every purchase. Girl they start wildin! Loved your energy this whole video❤️
Monica dont be so hard on yourself, last two years were very difficult for everyone, emotionally and economically. It was something that interfered with our persoanl processes, and worldwile we're still watching the economic consecuences of the pandemic. Honour your path, learning is a process and this surely helped you to learn how not to handle your money jajaj thank u for sharing, love u
Everything you said has been in the back of my brain😫 and I've been werking to ignore it. But now that you've said it I can't ignore it😭. halfway through this video I was pulling up excel and logging into my bank account.
I was in a similar position psychologically with my spending habits, except I left foster care at 18. Shit was fucking hard. Now I can see how my ignorance meant this was largely self inflicted, and my grown adult brain will NEVER make those same mistakes. We can see with how young people treat money why leaving foster care is daunting and generally does not go well.
I do always tell people, you're just as dumb as me, but you have parents. 😬 controversial statement, but, highly fucking true. Young people brains ARE NOT EQUIPPED FOR FINANCIAL LITERACY. You either have a safeguarded chance to make mistakes or you don't. Fucks with your self esteem when everyone around you is able to stay housed, put gas in their cars, etc, when like, who made sure that 18 year old had a car? Who is leaning over this oversized child's life and setting them up so that they learn and mature instead of end up homeless ? definitely somebody. It takes a highly special type of young person to have mature financial literacy at a young age PERIOD, let alone with no role models or sense of security. We need to be kinder in general. These self esteem issues over money turn into bigger, badder things the older we get, yet, this is MOST people's story.
Okay Monica this video came at the perfect time, I’m choosing my next apartment and I really need evaluate the trajectory of my finances before I do anything else. 💕 you add so much value with videos
Not the baby having arthritis!! I sincerely appreciate your honesty around this topic. Exactly! Those people going to the post office are business owners. Whether it's candles or the dope stickers you offer, I highly suggest "influencers" start an actual business - if they want to and are good at it, of course. I'm in the same boat of not liking "hustle culture", but there's a difference between toxic hustle culture and actually having a job/career to pay your bills. I'm a full time artist selling my original paintings & prints. Ironically, I actually sold candles at one point too lol! It's been 5 years and I've been able to make it work. What helps me is understanding the cycles. I save that money from my peak seasons and optimize my systems & marketing during the valleys. You can do this! You learned a lot of lessons, you're going to be so much better for it in the future. Love & Light 💖
Thank you I always look forward to your videos. Every time its like damn that's exactly me. It's hard this country is built on having people overspend to be reliant on 9-5 jobs that barely pay a livable wage esp HCOL areas. HCOL areas seem to be growing and spreading everywhere.
the section about the 10% increase came at the right time. because I just got a 13% raise and I started SPENDING like I make a living wage, ridiculous. had to buy a new phone because mine broke unexpectedly, but spent more than I thought on what? bubble tea? a film camera?eating out multiple times in a week? anyways.... monica I love your videos, your energy. thank you for the realness and wisdom.
I’m glad that you made this video! So many people struggle with these things. I went through it a few times and that’s how I know how to fix it. The goal is to make a plan and stick with it.
I've watched like 5 of your videos in the last 2 weeks and you have been changing my life completely, people do not talk about all the ways we're out here struggling for no reason!! and having that awareness is really making the difference, sending you much love and hugs
I'm British so i am not sure if it's useful but my sister is like your parents and she knows all the rules for finances, but do you guys have balance transfer cards? I was in debt and paying high percentage interest and then my sister told me to get a balance transfer credit card (usually like 12 months) and then pay down your debt until the interest free period is about to end and then continue finding 0% balance transfer cards this until you pay it down. It really saved me.
I needed this! I'm currently drowning in student loans and I still taking them out for grad school. I've been avoiding them forever but I really need to come up with some sort of plan.
Just an FYI there are many folks on RU-vid who are chronicling (or have chronicled) their student loan debt payoff. Aja Dang and Pennies Not Perfection come to mind. Good luck!
Are you working? I worked all through grad school full time try to pay what you can out of pocket and live cheap...VERY cheap. Create a plan ASAP take advantage of the financial aid advisors @ your university...your tuiton is paying for it.
Loooove this video! Open honest and all facts. I think a lot of us first gens started off with very small to no financial literacy and now that I’m 26 I’m starting to pay for my mistakes 😭 thanks for this
Love that you are having this conversation! So many of can relate and are hustling similarly now, amidst the pandemic and what uncovering these unconscious self sabotaging habits. As a Mexican first gen American who never had these conversations irl (i learned online/over trial and error). Thank you for inspiring me to be fearless in the realm of finances this morning. Sending you all the abundance and financial healing 🙏🏾🤍
