2023 was a challenging year, but I managed to make $332,000 before taxes as the sole breadwinner and head of household. It's a good starting point, but I'm always looking ahead on how to improve.
You might want to consider starting with a different approach, like the snowball method. Focus on one loan, usually the smallest one, and direct all your resources to pay it off while maintaining payments on the others.
Another option is to work with a money coach or investment advisor. While an investment adviser focuses on the long term, a money coach can help pay off all your debts, maximize cash flow, and create systems for proactive money management.
My wedding was at a restaurant on a Sunday afternoon after they closed from their lunch rush. It had a beautiful fireplace that we stood in front of. Our family didn't have to move between the ceremony and the reception. After the ceremony, we had photos taken while the waitress took everyone's order. then we had our First Dance, and then the meals were served. We had budgeted $500 for the restaurant cost, and it was only $235. We gave them the entire $500 and we heard later that the waitress split the tip with the cook and the runner. Great wedding! My new husband had debt that we tackled after the honeymoon.
Love it. My daughter got married during covid in MA where everything was locked down. They got married outside on the Lexington Green and then we had a pizza party on the sidewalk outside their apartment. Truthfully it was great!
That cotton candy machine was so worth it , There are different perspectives on recessions and depressions; we cannot always expect significant rewards; and taking risks is preferable to doing nothing. The bottom line is that by diversifying your portfolio and making sensible judgments, you will accomplish exceptional outcomes. In just 5 months, my portfolio's raw earnings increased by $608k.
Despite my conviction in your direction, my recent stock purchases, and the fact that I am an AMC shareholder, I have not been able to amass anything. I had been in debt for far too long before the collapse. What are the steps required in investing?
I completely agree, which is why I think it's important to delegate decision-making responsibility to an investment coach. Underperformance is essentially unimaginable given their specialized experience and education, as well as the fact that each of their skills is focused on harnessing risk for its asymmetrical potential and controlling it as a buffer against certain unfavorable events. Working with an investment coach for over two years, l've made over $1.5 million.
That is incredible! If She's this talented and has A-list skills, I'd like to speak with her. Even when I clone transactions using a MAM account, I continue to lose 20% of the time. Where can I locate her contact information?
Remember when people were putting $5,000 spinner wheels on their $1,000 hooptie? Some people were even renting these spinner wheels for their hoopties. 1 year later, the craze was over.
5:30 I live in Sheboygan, thanks for the shoutout! Wish we had a Tower Records, but I do have your audiobook and will blast it on the roads when I travel for ya ;)
University of Phoenix is accredited. Hubby got his BSBA and with that got to the next level in his career almost immediately. Love your channel, just wanted to make that little correction😊
In 2013, I spent $2,000 on healthcare supplements to buy myself into “advisor” status with an MLM. Stupid, stupid, stupid. By the time I sold all the products, I was so burned out on the “business” that I dropped out of it!
Beloved aunt was away for a business trip and beloved uncle got sloppy drunk one night. They were both surprised by the Amazon delivery of chicks and ducklings shortly after. 🐥 While the cutesy waddlers weren’t cheap (cheep? Ha!) the emergency shopping for suitable accommodations to keep them alive was a wallet flattener.
I lost $15.00 in a slot machine in Vegas and almost threw up! I could have purchased a delicious burrito or ANYTHING and just threw that $15.00 in the trash/casino. Gambling is not for me! Cheers!
Tbh that’s awesome for you! I think a person’s first attempt at gambling determines their attitude. I dropped $10 in a slot machine for the first time and won $60…. it took about $300 in losses (over the span of 2 years) to effectively kill my interest 🙄 thankfully I never won “big” or it would have taken much longer
@1:25 - The new meaning of a wedding IS to spend a lot of money to flex on your friends & family. And once you’ve got your fix, you now have the know how to spend even more money on your next wedding, and next, and so on.
My daughter buys baby clothes on Poshmark and Grammy here shops the clearance racks and consignment shops. But the best baby clothes are hand me downs!
$20k for a car is actually pretty reasonable for a good used car. New car average transaction prices are $48k. Student loans are only a bad deal for those of us who never had them and now have to pay for them thanks to a certain senior citizen.
Whomever edits for George is masterful. George is generally kinda dry (less so with Rachel) but the editor gives his channel the comedic touch. Great job editors!!
Got hooked on one of those lose weight exercise programs back in the nineties. Already regretted it when it arrived. Stuffed it in my closet in embarrassment. Threw in in the trash a couple years later without ever opening it!
As someone that is currently planning a wedding, I can tell you the reception is the expensive part of the wedding, not as much the ceremony, so having a reception later probably won't save as much as you might hope. I tried to find a venue outside of my church, but that was really expensive. Then I thought I'd have the ceremony at the church and go elsewhere for the reception, that was going to be just as expensive and way more hassle. So I just decided to have it all at my church because it was significantly cheaper, but it's still going to be more expensive than I had hoped for. Neither of us want an expensive wedding. The cost at this point is all on me and I recently paid off debt and am rebuilding my emergency fund. When we get married I will inherit her debt. So we don't have a lot of cash to work with and I need at minimum to pay for the wedding, honeymoon, and a new larger bed when we get married. It all adds up. And of course we need to then start working on knocking down her debt.
My wife and I had a cheap wedding. Wedding dress was bought used. We did it all at our church. Someone in the family baked us a cake and baked everyone else cupcakes. 3 other family members did all the cooking. At church we can use their sound systems just had to bring in USB sticks with the music. Etc. Super cheap and paid everything in cash.
Sir, your concern is truly warranted. Unfortunately she will just have to learn the hard way that that was a terrible decision. This younger generation is more focused on looking cool, than using the money for something more beneficial for her age. But being the grandfather, all you can do is watch bad things happen from afar, in this case.
Former knife collector turned watch collector/fan/nerd here… you don’t want to know the amount of money I’ve spent on shiny pieces of metal. We are Debt free save the mortgage though, going into debt for a watch is criminally stupid
I donated $2 to one of those Wal-Mart "charity" scams they pull when you pull up on a checkout line. I thought I could claim it on my income tax, but the taxman said donating to those "charity" isn't recognized by the tax guys😒
Oh and another, brand name clothes for my kid. You feel awful when they get it dirty and worse when they outgrow it. Which for babies happens every 3 months.
I've always been very intentional about my money. I don't think i have a dumb purchase. But, my worst purchase was my first house. It was all bad timing. I bought into an area that didn't seem to be affected by the 2008 crash. Really, they were just 2 years behind. So I bought right before they crashed. Which would have been fine. My initial plan was to buy & hold for at least 8-10 years. Pay it off in that time. Then rent it because it was a great location for college students or a small family wanting ties to the college. Work had other things in mind. My company got bought out. The product line I was working on got canceled. I didn't lose my job, but it was really close. I ended up having to move immediately. And it was at litterly the lowest point in the market. I lost 40k on the sale. Plus it was a fixer. So everything I put into it was gone too. Idk how much anymore but it had to be a 60k+ loss by the time you account for everything. Had I been able to make my plan work. I would have a pretty sweet rental. I'd have probably 1.5k extra of rental income. And the house is worth 3x now of what I originally paid. I probably would have sold it soon if not already to pay off my existing house and add some to my investments. But none of that happened. Really the whole thing set me back by about 10 years. Little less. Yeah.. agai, it was the worst purchase ever but had a lot of potential. I absolutely hate mergers & acquisition. The only people who benefit are stick holders. The employees are always treated like garbage. Just... if you manage a company... stop pretending it's a good thing. Nobody buys it. We knowyou'rer lying. Stop lying. It's not good.
I bought a $700 dollars mailbox 15 years ago 🤣😭 in my defense it wasn't a regular mailbox, it was a mailbox that when mail was placed in, the weight of the mail would make the bottom tilt, and the mail would fall and collect on the locked mailbox's back container. I bought it after witnessing some people stealing from the neighborhood mailboxes. Funny thing though, the mailbox was hit by a car a couple of days later damaging the box's mechanism and ended up in the crawling space under our house 🤣
I've been known to spend $30/month on the digital collectible card game(CCG) Animation Throwdown. Now, to be fair, there are regular competitions in the game, and $30 is a small price to get a little edge in your card collection. Especially when the total offers on any given day would run a person north of $2k - I've done the math.
Remember the Ab Energizer belts of 2001? I was young and dumb at that time, and I'm guilty as charged. After I bought one for $70, I was too embarrassed to use it, and decided to never use it and tossed it in the trash when I heard the human test dummies were getting electric shocks.
Look I love trucks. But, I really really wish people, usually teen boys, would stop buying only the front lift kit for their trucks leaving the rear stock! Oh my gosh that is so stupid looking going down the road!
A Sunday-go-to-meeting pistol, aka BBQ gun… a shiny, often engraved with exotic material grips, in a hand tooled holster, specifically for special occasions
The best things I bought were my commercial vitamix and my cutco knives. Expensive but I use my vitamix everyday to blend my salad. I hate eating salad so I blend it and drink it. My cutco knives have never failed me in 12 years and counting.
Bro $2k in the nineties would’ve bought you a freakin CAR Edit: actually, I bought my first car in 2015 for $2k…so what would it have bought you in the 90s? A house??
I would avoid using the word NEVER. Life is too complicated to claim absolutes. Student loans became popular because they did work when college was still affordable. The run away prices made them not worth it based on what salaries are available.
I also bet $20 on blackjack about 3 years ago. Lost it in less than 30 seconds. I have not played blackjack since. I work too hard for my money to lose it like that.
It wasn’t expensive per se, but definitely impulsive. I spent $50 on a dead sea face scrub That was probably only an ounce and a half because the man talking to me was so beautiful that he lured me in. 🤦♀️ I don’t think I used it more than five times. Also I was like 18 and I would never spend that now.
I bought one of those as well after we had a flood in our home and our vacuum was destroyed. Insurance paid for it, but I love that machine. Best vacuum ever!
Was the adult baby photoshoot a joke? Cuz ngl, that could be really funny for like a single guy's Christmas card or to gift people stickers/magnets/buttons of
Yeeeaahhh….I got a pretty detailed one last year and it cost me almost 2 grand 😭 I’d love to get another but they’re soooo expensive if you use a highly experienced artist
I think Bitcoin and Ethereum could have a future so I put a little money in them but I'm not betting the life savings on it. But all these alt coins, hype coins and rug pulls that are hyped up by the crypto youtubers pretty much always just go to zero.
Agree with 1,4 and 5. The others depend on how much wealth or income left after maxing out everything. The others are a waste- no matter how much money someone has.
@@pixfan2008 Depends where you are in your wealth building journey. A cup of coffee will not sink someone with no debt and budgeted for it after investments, etc. like it would hurt a kid fresh out of school with student loans.