Author of "From Side Hustle To Main Hustle To Millionaire" (Available at B&N, Amazon, Library) My Book: sidehustlebook.info
@Chimera6297
4 жыл бұрын
also you can save money on breakfast on the weekends by waking up at noon
@zagaliggle
4 жыл бұрын
Solid life advice I live by.
@LOLEliSays
4 жыл бұрын
😂😂😂👌🏽
@letsgotomarsman
4 жыл бұрын
Why stop there? Wake up at 6pm
@TommyVercettiCB7
4 жыл бұрын
LetsGoToMarsMan haha fuck it don’t wake up at all
@brethart9214
4 жыл бұрын
Or just eat Cheerios lol
@ConnieP.Online
4 жыл бұрын
#1 Pay yourself 1st (1% or more) in a separate savings account #2 Fill your tank up with gas #3 Buy groceries vs eating out #4 Take out a set amount of entertainment cash, put it in an envelope and don't exceed what's in there #5 Start paying off debt after you've saved at least $1,000 in emergency funds
@stellabeam25
4 жыл бұрын
I would make number 1 Pay Tithe first then pay everything else this way in order. Thanks for listing them out for us!!!
@youzhenzhang8415
4 жыл бұрын
Thank you!
@Cl0s32Hom3
4 жыл бұрын
@@stellabeam25 giving money to a religious group? Nah.
@soILLitsADVISED
4 жыл бұрын
Thanks for this
@complexblackness
4 жыл бұрын
@@stellabeam25 lol yea right.
@suzyq_lasvegas4536
4 жыл бұрын
Your smart. I was poor my entire life and my mother abandoned us when I was 15. I worked hard, saved, and was frugal. I am now retired, debt free, and enjoying life with my spouse. Anyone can do this if they can control their impulses to buy buy buy!
@JazminBautista
4 жыл бұрын
Susan Lett I agree! That’s our biggest problem is to stop buying stuff we don’t NEED
@deedeeharders9238
4 жыл бұрын
Truth!
@DoItDrew
4 жыл бұрын
No way bruh my mom left me at the same age
@Melly16yr10
3 жыл бұрын
Any tips by any chance
@drifter3983
4 жыл бұрын
You know he got money when he driving a Nissan GTR lol but this guy teaches things schools should be teaching teens glad i found this channel
@lionfire3359
4 жыл бұрын
I guess that is the saved up entertainment expense.
@joaquimrodriguez8961
3 жыл бұрын
Can't teach common sense.
@WGJ791
4 жыл бұрын
Step 1: don’t live in California
@stevenyia2778
4 жыл бұрын
Comifornia 😒
@JasmineJordyn
4 жыл бұрын
Or new york
@superbhomie6556
4 жыл бұрын
I live in Cali am broke but I love Cali
@PapaAV
4 жыл бұрын
It's not that bad lol you just gotta hustle
@superbhomie6556
4 жыл бұрын
Sunday Funday that’s the truth Cali lowkey make you wanna hustle more if anything.Cause if you living good in Cali it’s like heaven on earth
@ryanking6915
4 жыл бұрын
Instruction not clear. Bought a jet pack and new sandals
@kyawthwe9694
4 жыл бұрын
damn no wonder jet pack sold out at the website, but I waitlisted for the next restock.
@1031coolman
4 жыл бұрын
Mellow What a waste
@eduardoreyes7773
4 жыл бұрын
💀😂
@jditty8708
4 жыл бұрын
And a miniature Giraffe
@hannabass1132
4 жыл бұрын
lol
@T_Y_G_E_R_
4 жыл бұрын
I wish school taught us lessons like this 🤦🏽♂️
@FrenchiJ
4 жыл бұрын
It would’ve been a very valuable class. Also classes on how important credit is!
@TheUltimateWeasel
4 жыл бұрын
It's the basics like this that should be compulsory in school. I know I would have found it so valuable rather than learning (and forgetting) stuff like algebra.
@T_Y_G_E_R_
4 жыл бұрын
Bimarsha Guragain lmao No offense but then why are u watching this video? 😂
@T_Y_G_E_R_
4 жыл бұрын
Bimarsha Guragain exactly
@MCthe1OriginalGirL
4 жыл бұрын
Mine did.
@TheSUPERHAPPY1
4 жыл бұрын
I wonder how much I've saved in my life from not liking coffee. I honestly like water. I have an expensive water filtre. Water is my favourite. Hydration is amazing
@stonechops
4 жыл бұрын
TheSUPERHAPPY1 start your own channel, I’d watch!!
@benyou3432
4 жыл бұрын
r/hydrohomies
@xoxomagily1038
4 жыл бұрын
Omg for real. 75% of people are chronically dehydrated. Smh
@sonicpsycho13
4 жыл бұрын
Based on his 64 servings from a pound of coffee, he was basically drinking hot water.
@minaihdina7173
4 жыл бұрын
Water is better
@LeFuseTv
4 жыл бұрын
It's sad the world we live in. I get laughed at for saving my money and not exhausting it all the moment I get it
@moonboy5851
4 жыл бұрын
Game Therapy I don’t laugh at you, man, I think you’re a legend 🤙
@Sendarian1
4 жыл бұрын
Take pride in it. When people call me cheap or frugal I get really happy!
@LeFuseTv
4 жыл бұрын
Thank you all, it's reassuring. I just want the best for future me
@timmelton856
4 жыл бұрын
You will have the last laugh when they see how well you are doing in the future. 😉
@centauria9122
4 жыл бұрын
Hey man, if you're saving and investing that money, you'll be better off in the future and laugh at them if they're still broke 😂
@rossedwardmiller
4 жыл бұрын
Only 4 cents for the coffee Somebody tell Graham Stephan, he’s wasting 16 cents every time he has coffee!
@fakenewseveryday
4 жыл бұрын
Ross Miller the free coffee is better
@codedark4622
4 жыл бұрын
If you want only black week coffee. Gram adds more health~ish ingredients... I can't stomach plain black coffee.
@bigchungus920
4 жыл бұрын
@@codedark4622 coffee and sugar is all you need
@theFithWheel
4 жыл бұрын
That's for one cup, Graham drinks more.
@JayRays1truck
4 жыл бұрын
Ross Miller it’s because Graham Stephan adds ice and probably sugar and creamer or milk. That’s the extra 16 cents
@InnKogNeeto
4 жыл бұрын
Good points!! My current financial plan: 1) I get direct deposit 2) paid my tithes first 3) paid bills 4) 300 goes into savings per check - in 2020 adding more to savings budget 5) have a separate checking Acct just for entertainment. Never use the money that’s in the bills checking account.
@KeyboardKidd92
4 жыл бұрын
ツHowdy There #2 ‼️🙌🏾🙌🏾🙌🏾🙌🏾🙌🏾
@Sooners0561
4 жыл бұрын
ツHowdy There any money for investment?
@InnKogNeeto
4 жыл бұрын
Fred Dumorne good point!! I’m going to redo that list!
@InnKogNeeto
4 жыл бұрын
KeyboardKidd92 💚💚💚
@Trich-nf2zf
4 жыл бұрын
#2👏🏽👏🏽🙏🏽🙏🏽🙏🏽 #4 how tf????😂😂😂 how much u get paid😂🤦🏽♀️💀
@Jpat3
4 жыл бұрын
I watch this every pay day so I can keep myself on the right track
@johnchill3
4 жыл бұрын
1. Put 5-20% in savings. 2. Fill gas tank. 3. Buy groceries. 4. Budget your entertainment expenses by taking out cash and putting it in an envelope. 5. Pay off debts. Have $1000 cushion before you start paying it off.
@Beandiptheredneck
4 жыл бұрын
I find I spend less when I have cash in my wallet than when I have my debit card, I hate breaking large bills on small purchases
@Kim.firsttimemomlife
4 жыл бұрын
OntarioRedneXXX same here!
@mitcholeary5459
4 жыл бұрын
And it nice looking at 3 thousand in 20s when you open your wallet.
@ThisisFerrariKhan
4 жыл бұрын
Mitch O'Leary lol...but that shit don’t fit in any wallet. Rubberbands for anything a thousand and up.
@FitFoxxyMama
4 жыл бұрын
Same, this is what I'm recommiting too in the new year. I need to make it a habit to go to the Mac machine every payday bc I get lazy
@mitchellcole832
4 жыл бұрын
Because you have to count your money out and it makes you think about what you’re buying.
@chwaca
4 жыл бұрын
I've read that book and it says to follow this 10/20/70 algorithm on payday : Pay 10% to yourself 20% towards loans and leave 70% for paying the bills, food, fuel, insurance, clothes etc.
@CrisPisces
4 жыл бұрын
I threw my spare change ( daily ) in a large coffee container, and when I cashed out it was $ 350. Nice😁
@JazminBautista
4 жыл бұрын
Cris Pisces Wow! That’s amazing! I’m going to start implementing that
@Trich-nf2zf
4 жыл бұрын
Cris Pisces my dad that once and it was over $800 and he let me keep it for Christmas. But he would literally give $4 if his total $3.01🤦🏽♀️
@aram8438
4 жыл бұрын
Tranesha Richardson dont get it
@danielleavila110
4 жыл бұрын
That's what my mom does. She cashes it out if she has an emergency.
@frontleftfender
4 жыл бұрын
Did the coffee taste weird though?
@donniep.1513
4 жыл бұрын
I really enjoyed the breakdown on the cost of groceries for the same thing you can pick up in a drive-thru. It really puts things into perspective.
@sponge81235
4 жыл бұрын
A cocktail that cost 10 dollars cost the restaurant pennies to produce.
@stephenquesada409
4 жыл бұрын
yea fire all your friends
@CC-wf7gq
4 жыл бұрын
Dang, he just beat Graham’s $0.20 iced coffee
@danielwarren7037
4 жыл бұрын
#coffeewar shots fired!
@centauria9122
4 жыл бұрын
I get free coffee boxes where I work ($80 value) as giveaways every month or so 😉. Haven't bought coffee in months
@seanmack28
4 жыл бұрын
#advacadotoast
@jlovesj3335
4 жыл бұрын
😂😂😂😂
@510jesus
4 жыл бұрын
@Mathew Clephas 4 cents a day for the remainder of your lifetime plus dividends add up pretty nicely
@matthewherrera7779
4 жыл бұрын
Gf: *sees you taking money from an envelope labeled entertainment* Gf: oh so I’m just your entertainment? 😂😂
@narvaez3100
4 жыл бұрын
Matthew Herrera 😂😂😂😂
@kuroitami2017
4 жыл бұрын
Yes
@CorkKNIFE
4 жыл бұрын
No GF equals more savings. Win win.
@nikitaw1982
4 жыл бұрын
Well ud get mad if labelled u tax.
@Trich-nf2zf
4 жыл бұрын
Matthew Herrera 😂😂😂😂
@juliotorres512
4 жыл бұрын
I love that book I started to save my money as soon as I read that book!! And in the first year I had saved close to $10k and even though the book was written in the 1930s or 1940s that's the most practical book on financial advice!!
@larrytron1992
4 жыл бұрын
It’s amazing how the advice from The Richest Man In Babylon still holds up to this day. I always recommend that book to people, who are struggling
@Vladyyy
4 жыл бұрын
Laurence Lam Because the core principles don’t change.
@Wanderer25
4 жыл бұрын
This, Rich Dad Poor Dad, and The Millionaire Next Door. Changed my whole perspective on how money works.
@paulbrown4539
4 жыл бұрын
One of my favorite books. My # 1 recommendation and a place I was stationed while in Iraq in 2004.
@JustFrugalMe
4 жыл бұрын
paul brown agreed
@Jimmy_MZ
4 жыл бұрын
Dang. I've never seen this many people with great similar mindsets in a comment section. Brings a tear to my eye ;-;
@michaelcurtis5532
4 жыл бұрын
Do people actually get paychecks and cash them in banks? In 2019?
@chriskuhr9325
4 жыл бұрын
Usually only the very poor cash checks/money orders and pay fees which eats their income.
@lilguava70
4 жыл бұрын
Yep, me! When it comes to my money that's earned or time that's invested, EVERYTHING is in writing and documented. I'd recommend it.
@SeattleTgrind
4 жыл бұрын
@@lilguava70 I am actually interested in doing this, what are the benefits to this?
@lilguava70
4 жыл бұрын
Essentially it's just making sure your back is covered. Mistakes, errors, blame-assigning will happen eventually, best to have a little insurance policy for yourself! I apply the same thing to record-keeping. So if someone assigns me a task to me, I always follow up via email with something to make sure it's in writing like "Hi this is David. Per your request, today I will be doing (specific description of task)". If they misspoke or forgot something, having the task in writing will ensure you can't get screwed if they backpedal later.
@FreshKicks4545
4 жыл бұрын
I rather have my cash then using cards
@EricaCauley
4 жыл бұрын
I DEFINITELY agree with these steps. I started budgeting a year ago and I find that I still struggle with "Entertainment" expenses. I feel as if I'm giving all of my money away and I barely have enough left to enjoy myself with a drink etc. I get paid next week and will be trying this method. Thanks for sharing!
@magnetclip6861
4 жыл бұрын
I also read that book. That's the best book in the world for basic finance. I wish public schools could implement these teachings in our learning.
@TRAKHOUSE
4 жыл бұрын
No one likes to give Dave Ramsey credit for some of these concepts! Ramsey gang over here!!
@neon46544
4 жыл бұрын
TRAKHOUSE I was thinking the same thing
@robertcooper96
4 жыл бұрын
💯
@theropesofrenovation9352
4 жыл бұрын
Ramsey like envelopes but he would never put entertainment above paying off debt. =)
@Blackjesussp
4 жыл бұрын
Nobody ways Prefect but Dave beat most on KZitem I can think of ...Who ya top 5 ❓
@MrLakers1991
4 жыл бұрын
*Primerica
@NotYourOrdinaryDogWalker
4 жыл бұрын
Great tips-I started paying myself first a few years ago-then used that money to pay for college and a few other courses. Changed careers and finally launched my business this year. Now I am working on the side hustles in order to build that savings plan to reach rest of the goals. This system works if you work it!!
@niggaflies
4 жыл бұрын
@ Not Your Ordinary Dog Walker, Your comment inspired me! Thanks! I am in the process of getting another degree with my savings!
@daprince001x5
4 жыл бұрын
@@SmartMoneyAnimation and the more you make the more taxes will take
@daprince001x5
4 жыл бұрын
@@SmartMoneyAnimation lol I know that already I'm reading rich dad poor dad atm I only said it because this dude said he going back school for career change and make more money with an "advanced degree"
@niggaflies
4 жыл бұрын
daprince001x not if you are smart :)
@behaviormatters7415
4 жыл бұрын
1) Pay bills (overpay all bills by at least $5, it’ll help u out down the road when you want to pay less on bills one month). 2) Pump gas (go to that gas station thats always cheaper than everywhere else). 3) Buy groceries (don’t go on a empty stomach) 4) Place money aside for savings (amount depends on your financial situation) 5) Entertainment 6) At least TRY to carry some entertainment money over into your next paycheck. 7) Take a $20 bill (or more/less) from your entertainment, fold it and place it in one of your wallet sleeves or behind your drivers license......use it as your last line of defense from dipping into your savings before your next paycheck.
@anthonybroomfield5162
4 жыл бұрын
No no no
@behaviormatters7415
4 жыл бұрын
@@anthonybroomfield5162 -That it?
@stylenotions
4 жыл бұрын
This is terrible! Lol . Please, don't follow this ppl! 🤣🤣🤣
@behaviormatters7415
4 жыл бұрын
@@stylenotions -That it? Or are u going to be like the other guy and not produce any sort of specific reasoning on what it is you’re objecting.
@stylenotions
4 жыл бұрын
@@behaviormatters7415 lol. You're so silly. I bet you're an awesome person to hang with. Your comment tickles me. You literally said the opposite of what he said and some ppl will believe you just so they don't have to watch the video 🤣🤣🤣 you don't need me to give you a reason your comment is bull! Cuz that's how you designed it
@xinastella4867
4 жыл бұрын
On pay day: 1 pay yourself first: put into savings 2 put in Gas: you won’t depend on your credit card & you won’t be on E when you don’t have money 3 buy groceries: cheaper than buying fast food 4 budget entertainment experiences: do the envelope budget. 5 pay off debts: have a min $1,000 of savings before you pay off debt. Pay the highest interest first or the low one then pay the next one
@ASJerrell
4 жыл бұрын
80% Dave Ramsey, 20% Graham Stephan. But presented in a fresh way, thank you.
@htwhls19
4 жыл бұрын
I wish graham would make a video somewhere else besides his garage 😂
@SirenaSpades
4 жыл бұрын
Nice try, but it's 100% grandma, and 100% Dave Ramsey.
@sneakster5000
4 жыл бұрын
1 minute and 45 seconds in and I make a transfer to my savings account 😂😂😭
@pitita585
4 жыл бұрын
sneakster5000 awwww this is so cute hahaha. Every time I watch these videos I get boosts to do things like that too. Even watching cleaning videos. I’ll pause halfway through and go wash the dishes and then feel accomplished with my life
@ByronBaudelaire
4 жыл бұрын
Scribner: $0.04 per cup of Coffee Graham Stephen: **heavy breathing**
@oldmansilas559
4 жыл бұрын
The only thing I would disagree with is the, entertainment fund. If you’re trying to save/get out of debt. Going out to dinner and movies is a waste. In my humble opinion.
@karamlevi
4 жыл бұрын
Silas Richardson III your tight. Books are super entertaining n very cheap. You can even get them free at the library...
@pfh777
4 жыл бұрын
That just means you keep your entertainment envelope empty
@seabass22
4 жыл бұрын
Its not a waste if it keeps your gf off your ass and happy
@CorkKNIFE
4 жыл бұрын
Silas Richardson III unrealistic advice is not good advice. Most people will go out to dinner or a movie or a bar or take the kids to the zoo. The important part is to budget for it.
@AmyStylinson
4 жыл бұрын
You need to enjoy life, sir. Because if you die tomorrow then what’s the point? You should still try to live but within reason.
@justadudeintheworldman.120
4 жыл бұрын
The Richest Man in Babylon is required reading for this thing called Life.
@homehere9817
4 жыл бұрын
JL B. Which version or edition should I get? The original one or the updated one? I’m guessing the original one may sound like a King James Version of the bible but I could be wrong. Thanks.
@justadudeintheworldman.120
4 жыл бұрын
The one I read was the mass market version by George S. Clason. There is that 1926 version I’ve seen on Amazon but honestly either way you go, you’re going to run into some ‘thee’ or ‘thy’ type words. Either way it shouldn’t take away from the points or significantly change the meaning of the book regardless of the edition.
@justadudeintheworldman.120
4 жыл бұрын
I feel like I have to temper expectations now lol, but I stand by my comment and it looks like some others agree. But if someone asks me what’s one book I should read regarding personal finances, for me this is that book. It’s a good foundation to build from. Now if you are a Wall Street tycoon obviously it will be too simple of a book. But if you are trying to lay the foundation for building wealth, I would start here and build upon that. Hope it helps, take care.
@homehere9817
4 жыл бұрын
Sounds good thanks for the insight!
@danielmoreno2617
4 жыл бұрын
Theirs an audiobook on you tube.
@richmoo3125
4 жыл бұрын
Be frugal, and live within your means...
@stevenyia2778
4 жыл бұрын
Or Below them 👌
@iamasmurf1122
4 жыл бұрын
Bad advice
@donnaleeclubb119
4 жыл бұрын
Great advice and easy to do.
@btran213
4 жыл бұрын
but what about buying my sneakers?
@nikitaw1982
4 жыл бұрын
@@budgetingwithkate that's a recipe to splurge for me. Paying with sanity.
@kiara21xc
4 жыл бұрын
Step 1 should be pay tithes and offerings first and foremost❤
@livingthegoodlifeonthechea1579
4 жыл бұрын
That really makes a lot of sense to me. The having $1000-$2000 saved first before paying off debt is a good plan because inevitably *stuff happens* thank you for presenting this.
@RiggyRonnie
4 жыл бұрын
I always keep my fuel tank full... because my fuel gague doesn't work
@SavageBunny1
4 жыл бұрын
Let me guess, you drive a Chevy?? 🤣
@timmelton856
4 жыл бұрын
Ha! I had a car like that 😀 I would always have to calculate how many miles I had left.
@ScatPack123
4 жыл бұрын
@@SavageBunny1 hey, don't judge him. It won a JD power award
@adrenalinex4
4 жыл бұрын
i had a car like that. i sold it asap.
@DAVIDISEPIC1111
4 жыл бұрын
adrenalinex4 easy fix
@stevemiller5626
4 жыл бұрын
My system is simple. Take paycheck, minus all liabilities(utilities, rent, cars) for week/month. Deduct my weekly budget (lunch, gas, groceries). Usually the left over is higher than the weekly budget. That gets dished into brokerage, savings, fun fund. I literally sit down for 10 minutes with a calculator every Thursday consistently for 2 years now. It's done me well
@centauria9122
4 жыл бұрын
I like to write down the amount I get paid from my paycheck (Minus the important liabilities like utilities, rent, car, insurance, etc) and see how much I spend per week for a month and see how much money I've got left over/saved from other previous months.
@justadudeintheworldman.120
4 жыл бұрын
I use the app iXpenseIt. Probably the best $5 I’ve ever spent. I know who, where, & when I’ve spent and received money over the last 4 years
@simonethach7134
4 жыл бұрын
@@justadudeintheworldman.120 my bank did all that for free maybe you should check your bank. I have multiple accounts for free i use it like electronic envelope system and I can change the transaction names
@justadudeintheworldman.120
4 жыл бұрын
Pretty Simone, banks are getting better at tracking. Especially since Mint came along. But I don’t use debit cards like that and I still use cash a lot. So this is better for me. This app doesn’t connect to the account either which is what I wanted for privacy use.
@kevinrehberg8758
2 жыл бұрын
I probably review my (60 step) CD Ladder three or four times a month to plan out my next benefits check... Monthly expenses covered and planned $20.00 a day "discretionary" spending.. AND $350.00 going towards the emergency/transitional fund..If its not spent it goes in the "slush fund".. some months I put away as much as an extra $200....
@ilovecats5174
4 жыл бұрын
I’m definitely going to try these steps because I’m a hot mess financially
@xxstrider3188
4 жыл бұрын
Best of luck
@mosthighchosen614
4 жыл бұрын
Hey, at least you're honest enough to admit it you yourself and other's! Honesty is admirable and honorable. Everyone should practice it.
@Aquariuswonder86
4 жыл бұрын
Me too.
@alexandervvs4470
4 жыл бұрын
Same
@playboymaxim
4 жыл бұрын
Ditto!
@ctbt1832
4 жыл бұрын
When he’s doing a comparison with the food you do save a lot of money by making it yourself but there is a lot more time involved. I’m glad I don’t drink coffee
@sassysav6859
4 жыл бұрын
Ct Bt you can make the sandwiches ahead by freezing them and just throwing them in the microwave. In reality though it takes about the same time to toast the muffin and throw an egg in a pan for 3 min
@monogalaxia
4 жыл бұрын
I don’t think it takes me more than two minutes to prepare coffee
@ladyzeta6
4 жыл бұрын
Is the time worth the savings? 🤔 Yes. And most people really aren’t THAT important where they can’t stop and make their own food.
@TheSublimeLifestyle
4 жыл бұрын
ladyzeta6 exactly! People are so dramatic.
@Brock871
4 жыл бұрын
Since i first found your channel about more then 2 years ago it was really eye opening to me. I started paying myself first. It was about 3-5% of my paycheck. In the following months of learning more about how to manage money i increased paying myself first to 10%. Fast forward to today i am paying myself first up to 73% of my paycheck, which i invest in dividend paying stocks, which pay me dividend that i reinvest so that my cashflow increases over time. I started to read many books about money management and creating wealth, but that is because i found this channel. You have really opened my eyes to my spending habits and how to take control of them. You have helped me change my financial situation for a wealthier future and i want to sincerely thank you because of that. i will be forever grateful Ryan :)
@RealLifeMoney
4 жыл бұрын
If we fail to plan then we plan to fail 👍
@kyletremblay5295
4 жыл бұрын
Woah
@justinamusyoka4986
4 жыл бұрын
Better plan early.
@alexajimenez6044
4 жыл бұрын
Ryan. I've used your system It was alittle hard to Start the 5 steps . As soon as I started seeing my emergency saving grow it was a great feeling. Now I look forward to paydays just to add to my emergency and entertainment $$$. Thank you.!!!
@alexajimenez6044
4 жыл бұрын
Thank you Ryan for your reply. I really didn't think I'd get a reply back from you. This system is going great for me. Im now able to start getting 3 months of bills saved up im not quite there yet but its in the near future 😁Thank you very appreciative.
@kevinrehberg8758
2 жыл бұрын
@@alexajimenez6044 If I may make a couple of suggestions from the sidelines... Since you have conditioned yourself to living a savers lifestyle..Look upon your E-fund as an emergency/transitional fund involving three years of living expenses once you have your bad debt eliminated..First step is to save a years worth of expenses in a CD Ladder..No not the best earnings.. but very secure and adaptable to your needs...Second step is investing in the market in the various investment "conservative" strategies for the second year of expenses...Third step is another of the second... but reduce the CD Ladder to cover just 6 months as the CDs matures
@lamoon1525
4 жыл бұрын
I am sixty three...this is excellent advice both for now and the long term.
@chrishorv7099
4 жыл бұрын
Yeah..if you still wanna be working at the age of 63 I've been retired at the age of 30, you don't teach that one on KZitem, you gotta learn how yourself
@vante9588
3 жыл бұрын
@@chrishorv7099 wow you're so cool!
@scottscopters7
4 жыл бұрын
I put 10-15% into stocks every check. it gets addictive once you start
@regularguy1140
4 жыл бұрын
I couldn't believe how addicting it is. Every penny I think I could spare I put into stocks
@biancajingles2690
4 жыл бұрын
How has that worked out for you? Cool to see your commitment!
@ClanNamedHipNotic
4 жыл бұрын
Scott's Copters its very addicting lol
@ToxicAlienAbductions
4 жыл бұрын
Scott's Copters What stocks do u invest in and using which platform?
@scottscopters7
4 жыл бұрын
@@ToxicAlienAbductions I'm invested in AT&T, Skyworks solutions, Tesla, JD.com, Facebook, and a index fund. I'm using M1 Finance
@user-lr2ez4ny2z
4 жыл бұрын
As much as I enjoy saving money sometimes the convenience of spending a couple bucks on breakfast outweighs the time spent making it. Yes meal prepping is an option but let’s be real some days you just have shit to do
@cristianherrera7996
4 жыл бұрын
I get you , sometimes Im out of ideas and tired at the same time trying to figure out what to make at home and I sacrifice a few bucks to eat out but always looking for the best deals
@alanhernandez613
4 жыл бұрын
Change your life and wake up earlier if you wanna eat and save
@InceptionJiuJitsu
4 жыл бұрын
Or skip breakfast 🤷🏻♂️
@Th3unknownuser111
4 жыл бұрын
@@alanhernandez613 I already wake up at 3am for work. (general construction project manager). I usually have my breakfast ready and just warm it up before I leave. Or I'll just skip breakfast all together lol.
@donnaleeclubb119
4 жыл бұрын
No telling how dirty that kitchen is where they are preparing your over priced food. How clean do you think that minimum wage employee is? No thanks. If I am in a hurry, I will grab an apple or a banana and be out the door. And I am not even a germaphobe and I think it's gross. No one wants to think about that gross stuff.
@melaiawaisale1081
4 жыл бұрын
I dont spend money when I keep my pay in my card. Cash on me gets spent like crazy.
@pokesavage1823
4 жыл бұрын
Its opposite for me I love card hate cash
@SkullThuggery
4 жыл бұрын
I’m with you on everything besides putting paying off debt to the back of the queue. It ought to be mentioned that if you’re close to the max of your credit limit, or even just over 50%, you’re better off bringing it down to around 20% total. This is because it’ll improve your credit score and it’s better to build it up sooner rather than later. Being below 20% utilisation rate is key.
@jowildcat40
4 жыл бұрын
I pay off the smaller debt first so that I can use that amount I was paying and add it to what I have next, thus clearing it out faster.
@simonethach7134
4 жыл бұрын
It's call a Snowball method
@mirrormaster25
4 жыл бұрын
That is a great plan for everyone, I'm glad I already do all of those steps for the last 3 years. It works and I recommend everyone to do it.
@jejelove3240
4 жыл бұрын
This is a great video. I never thought to get gas or go grocery shopping right after payday, but it make a lot of sense, especially if you are trying to stick to a budget. Thanks for taking the time to share. I've been using the envelope system for a few years now and find that I do stick to my budget much better than swiping my debt card.
@JV-bc8um
4 жыл бұрын
I forgot a out paying yourself first. Thank you for the reminder, I really needed it.
@Shortymack420
4 жыл бұрын
This video isn't for me because all of my money goes to savings, bills and food anyways. Basically don't buy stuff you don't need
@anthonycosentino463
4 жыл бұрын
Anyways is not a word.
@Baby_m0thh
4 жыл бұрын
I completely agree with all these. I've actually been doing this for years and works effectively. I see and know where my money is going.
@Marcelthashell
4 жыл бұрын
Step one sit in Nissan GTR at the bank flexing on everyone
@gwillis01
3 жыл бұрын
That tip about buying gasoline the same day you get your paycheck is a very good one. It is so true that you don't want to panic on Monday morning about whether you have enough gas to get to work.
@Je.rone_
4 жыл бұрын
*are the five?* 1. Spend 2. Spend 3. spend 4. Spend *5. Complain about not having money, blame it on the wealthy & the system* 💪😳
@ChrisInvests
4 жыл бұрын
Lol
@darkshadow-dz9nj
4 жыл бұрын
Out here speaking the truth PREACH😤😤
@MetalBum
4 жыл бұрын
Black Vito - Moneyology poor people!
@Je.rone_
4 жыл бұрын
@@traviswilliams1296 thanks!!! I drop a fair share of nonsense too, but i try to avoid that unless i find it funny💪🎭
@alexrogers777
4 жыл бұрын
I agree that way too many people spend way too much... But there is currently an issue with the Uber rich and the system being rigged in their favor.
@JazminBautista
4 жыл бұрын
This video would have been perfect when I received my first pay check as a kid :)
@JustFrugalMe
4 жыл бұрын
Jazmin Bautista I know right!
@italian146
4 жыл бұрын
Yes💯
@gerRule
4 жыл бұрын
Kids don’t listen
@HobbiesWithNick
4 жыл бұрын
@@gerRule I've saved more than 90% of the money I've ever made so try again.
@22chriswilson
2 жыл бұрын
I agree 100% but I breakdown my budget by percentages 10% saving/investing 10% entertainment, 10% insurance/medical, 10% food, 10% transportation (gas, insurance, maintenance), 10% miscellaneous, 5% Clothing, 15% Utilities, 25% Rent/Mortgage. When I had debt I used my miscellaneous envelope for debt. If your expenses in any of these categories reach a percentage higher than the percentage you are spending it's time to cut those. That includes rent/mortgage and if you are living in a market that costs more than 25% of what you are making...move.
@freshmoneycorporation8553
4 жыл бұрын
Nicely said. I’ve already adjusted to this this. I’m interested in stocks now
@rubyus7332
4 жыл бұрын
Jonathan Williams Good for you! If people buy at least index funds or ETFs they will be fine!
@DayVidsgaming
4 жыл бұрын
The richest man in Babylon is my favorite freaking book. The way they talk to the lessons taught. Have the audio version and book.
@moonboy5851
4 жыл бұрын
Very good content. We did the same thing with our budget - it’s amazing how much money you spend when you dont keep track of where it’s going.
@JustFrugalMe
4 жыл бұрын
Moon Boy yes!
@TimothyNyota
4 жыл бұрын
So true
@rinina9452
4 жыл бұрын
Another strategy for paying off debts is approaching it by what is taking the most from you monthly. For example: if you have a $300 payment per month and a $500 payment per month; regardless of the interest rate, pay off the debt with the highest monthly payment first. It’ll free up more of your immediate monthly income to put towards other debts in the future. This approach worked for me because it built financial momentum since I could see more of my money on the front end instead of dreading huge monthly payments holding me back from paying off other debts and/or saving money.
@SonnyRussell00
4 жыл бұрын
My mom told me all of these tips when I moved out on my own for the first time
@rubyus7332
4 жыл бұрын
Kudos to your mom!
@bslorbust
4 жыл бұрын
Always listen to mom.
@babyyodachelsea7034
4 жыл бұрын
Also you can meal prep that sandwich and freeze it and microwave or use the mini oven in the morning which is the EXACT thing all of the stores do but less money
@Education-Edge
4 жыл бұрын
Very important with having an emergency fund!
@edwarddeleon7781
4 жыл бұрын
I put 500 in my checking and the rest of my check in my saving then forget about it 👌🏽
@posttenebraslux7571
10 ай бұрын
I am a woman who is an emotional shopper. I withdraw all my money from the account, then divide the cash into saving, bills, groceries, sharing, needs, and wants/ recreation in envelopes. I keep the money home and only take what I allow myself to spend. Financially restricting myself prevented me from overspending. No credit cards needed, because I always have extra money that I don't touch.
@steph1958
4 жыл бұрын
The man who was walking in the neighborhood and waived 🥺🥺🥺
@poet_stowage4574
4 жыл бұрын
@7:44
@markjou9799
4 жыл бұрын
I notice that people do that in those rich white neighboorhoods.
@thewongmindset451
4 жыл бұрын
Great tips to keep your spending under control... Richest man in Babylon really changed my Mindset too.
@USMC-0311
4 жыл бұрын
Paying yourself first should be a priority.
@JazminBautista
4 жыл бұрын
Marine 1775 I AGREE 💯
@sethkang4410
Жыл бұрын
this is such a good advice. people keep paying off their debt when they dont have emergency fund. what if something goes wrong or ur car broke down? u have to use ur credit card and go deeper? no. save up then pay it off
@MKxpl
4 жыл бұрын
i need to start making coffee at home, coffee costs me over $1,000 a year after some calculations damn..
@civvys
4 жыл бұрын
I spend zero dollars a year on coffee :)
@ChrisInvests
4 жыл бұрын
I just spend all my money and live paycheck to paycheck. I play the lottery often and that will be my retirement plan. 😂
@bartstarr2371
4 жыл бұрын
You will be sleeping under a bridge and eating out of a dumpster in no time.
@samanthahardy9903
4 жыл бұрын
Why not save the money you are spending on lottery tickets and invest in stocks and shares instead. It's still a gamble but you stand a better chance of making money investing in stocks than you do on the lottery.
@irocksup123
4 жыл бұрын
One of theses days it’s going to hit baby!!!
@luciihk9753
2 жыл бұрын
I naturally do all of this every payday. 1.My savings goes out automatically 2. I go fill my car with gas, which lasts a fortnight. Always one of the first things I pay for. Because its taking care of my week ahead without worry. 3. I buy a cold drink and pie, then go buy grocery for the week. 4. As for entertainment, I have a weekly automatic payment set up. 5. Automatic payments are set up to pay into my emergency fund account weekly. 6. My debts get paid weekly, And once paid off I learn from my past to change some money habits to ensure I don't go into the same type of debt.
@seanmcdonald5859
4 жыл бұрын
"Cash your cheque at the bank" . . . . . . . Hello, this is the 1980's calling . . . . . . Cash your cheque 😂😂😂
@michaeltrivette1728
4 жыл бұрын
Funny. At least in the 1980's we could correctly spell check.
@jemmas5197
4 жыл бұрын
Michael Trivette I don’t know where you live but this is how we spell cheque where I live??
@pondboy3682
4 жыл бұрын
@Sean McDonald exactly! I used the envelope system once, but these days, I just keep a bunch of separate accounts, and set up automatic transfers. I use colored dot stickers to tell my debit cards apart. It took 6 months to find that sweet balance, but it's the best thing I ever did! Checking accounts: 1. Food (grocery, not restaurant) 2. Bills (automatic) 3. Gas 4. Occasional necessities (detergent, batteries, emergencies
@khanbw
4 жыл бұрын
@@michaeltrivette1728 In the 1980's did they forget to teach you that some words can be spelled different ways?
@TheSublimeLifestyle
4 жыл бұрын
Michael Trivette American English is not the only type of English available to us in the world. Typical American behavior....
@TheLizardKing1967
4 жыл бұрын
Going through a drive thru is equivalent to flushing your hard earned money down the toilet not to mention how bad it is for your health. Real smart decision huh.
@gerRule
4 жыл бұрын
If you eat that stuff you die earlier so that just means you have more money to waste
@piemasta93
4 жыл бұрын
My time is more important than your money. I also never shop myself because it’s a waste of time
@astgoddess
4 жыл бұрын
@@gerRule 😆
@astgoddess
4 жыл бұрын
@@piemasta93 unless you enjoy shopping and go with others as a social activity.
@AmberMaloneAZ
4 жыл бұрын
@@piemasta93 Walmart grocery pickup is a lifesaver. Order on the app in the morning, swing by after work and they put it in your car.
@georgesavage5752
4 жыл бұрын
Bro can’t afford $6 breakfast cus he drives a GTR lmao
@jackson.denzler.
4 жыл бұрын
George Savage 💀
@regerbryan
4 жыл бұрын
He didn’t say he couldn’t afford it but the savings allow him to have his GTR in principle
@blink_1223
4 жыл бұрын
not spending money just because he can and being smart with it it's why he can drive a GTR, that you can do it doesn't mean that you have to
@studentuser101
4 жыл бұрын
That’s the exact reason why he has a Gtr, think my friend
@nickilanin6954
4 жыл бұрын
Exactly. The amount he would save on car insurance a year would be incredible if he were to purchase ... not a sports car in cash. This is assuming that he finances the GTR currently and has full coverage insurance on the vehicle. Combined it’s probably like $1,000 a month. Unfortunately he’s also a young guy which would make his insurance rate higher still.....
@davidmariopratt
4 жыл бұрын
Good idea about filling up the gas tank.
@TheMattfindlay
4 жыл бұрын
Thank you for this. For 2020 I’m at getting my finances under control. I have been watching a ton of KZitem videos and was just going to start dumping my paycheck into my credit card. However, after hearing you I will be sure to have that $1,000 first. Then start on my journey to pay off my debt.
@calebgregory6434
4 жыл бұрын
Very Solid content, Ryan. Love the interactive style of this video. Getting out and showing these things are more effective than sitting and discussing it. Great move!
@aap6210
4 жыл бұрын
Finally, someone who beat Graham Stephan's 20 cent iced coffee!! Ryan Scribner is the true frugal beast 😎
@aap6210
4 жыл бұрын
@@RyanScribner definitely! By the way, thanks for your humility of replying me 😇😇
@gustavopaulette3496
4 жыл бұрын
Arsitama Adhika lame
@Der8cho
4 жыл бұрын
Dave Ramsey has been giving the same information longer than this kid has been alive.
@kathleenbrashear6036
4 жыл бұрын
Once I put God first with my tithing, He took care of everything for me - like I knew He would. Try it!
@mrniceguy3750
4 жыл бұрын
Kathleen Brashear Amen.... Went from wasting all my money on booze, drugs, nicotine, and wife at the casino.... Living a sinful life not only wrecks your health and relationships, but it empties your wallet.... 5 years sober, glory to God! The blessings are still pouring down..... Considering I owe God everything, 10 percent is a great bargain.....
@bazzatheking3155
4 жыл бұрын
Loser! Stand on your own 2 feet instead of living in fantasy land
@ltav113
4 жыл бұрын
Tithing first ALWAYS
@TerriTerriHotSauce
4 жыл бұрын
Did you pay your tithe to a church or to a charity?
@mrniceguy3750
4 жыл бұрын
Bazza The King I’ve never stood straighter or taller! Now I stand with purpose and humility. I recognize that I cannot make one hair grow on my head, or add an inch to my height. Putting God first has been the single most important thing that I have ever done....
@zachg9065
4 жыл бұрын
Literally never had to do this because I don't live paycheck to paycheck. Doesn't matter what day it is, I always pay my bills whenever they com get gas whenever, etc.
@vasmajority45
4 жыл бұрын
I'm so glad I never got into drinking coffee
@stephenquesada409
4 жыл бұрын
try smoking
@Defy_Convention
4 жыл бұрын
Try green tea with honey great for a morning pick me up but careful it's addicting. Yes I know this sounds lame lol
@nathanbrown267
4 жыл бұрын
Me too
@glassbottle15
4 жыл бұрын
There isn’t nothing wrong with drinking coffee. You can just buy the grounds and make it at home. My bag last me a really long time. Just don’t buy the drink everyday at a coffee shop. It’s about being smart, not depriving yourself. Honestly, you sound a bit immature saying stuff like that.
@marcain123
4 жыл бұрын
Coffee is free for me at work. I think most professional jobs offer free coffee as well
@alfredhambabi9556
4 жыл бұрын
1. Pay yourself First (have an emergency fund) 2. Fill up the car with gas 3. Buy groceries (planned breakfast and lunch) 4. Setup Entertainment expenses (in an envelope) 5. Start paying off some of your debt (either high or low interest)
@sheryls7782
4 жыл бұрын
Entertainment expenses. Cable, internet services should be considered entertainment and education. Education, i.e. book, class, etc.
@josephThaPimp
4 жыл бұрын
That's a great, in fact BETTER, way to look at it.
@ejmc333
4 жыл бұрын
Education as entertainment?! Hahahah oh no dear that’s considered an investment.
@josephThaPimp
4 жыл бұрын
@@ejmc333 no, no, ideally, education will end up taking the primary role in that category. Essentially, cut out all the bullshit that's taking up your budget
@sheryls7782
4 жыл бұрын
Duly noted, gladly accepted.
@ejmc333
4 жыл бұрын
josephThaPimp I’m not sure I’m understanding how education should be considered entertainment?! Entertainment serves no purpose and could be entirely cut out with no consequence. On the other hand, Education has and end goal: securing a career and higher paying job. How is education bs when statistically it’s the most secure way of achieving upward mobility?
@melahi7
4 жыл бұрын
The only thing this video did for me was remind me to pay my cable bill.
@evilpimp2475
4 жыл бұрын
For all the dudes out there that haven't had a girlfriend yet or broke up with your girlfriend, don't freak out, you're luckier than you think.
@markjou9799
4 жыл бұрын
And if your lonely one weekend and decide to find a girl on an app, make sure she doesn't have a sore throat before she kisses you. Thats the best advice I can give anyone, unless you want to also get a sore throat for many weeks.
@kimberlyfaure1845
4 жыл бұрын
I have been doing the envelope system all my adult life, for ALL expenses. Every expense gets an envelope, including emergency fund, gas, and then it simply goes to the bank. But the envelopes keep me on a budget, or I would spend it all.
@viviangonzalez2520
4 жыл бұрын
Kimberly Faure I Agree The Envelope System is The Best,
@alanai1981
4 жыл бұрын
Kimberly Faure AND NOW THE MVELOPE APP
@vennamilano7441
4 жыл бұрын
I want a unicorn, calorie free chocolate and a hot brazilian boyfriend. I gotta try your system! 😂🦄🍫🕺🏾
@mosthighchosen614
4 жыл бұрын
It's always been one of the most reliable and trusted money systems for saving and still accomplishing things. It's actually better than the bank, money saving system.
@pondboy3682
4 жыл бұрын
@@mosthighchosen614 with all due respect to the multiple envelope system (vastly superior to just an entertainment envelope), I prefer the bank now. Apps, and electronic transfers are getting pretty good! I have 10 accounts, 5 checking, 4 savings, and 1 IRA for investing. Granted, the envelopes still have advantages, but accounts are less vulnerable to theft and mix-ups. I can set up automatic bill pay, and I also earn some interest, reducing loss of value by inflation.
@DuoBeard
4 жыл бұрын
1-2% of my check wouldn’t be worth saving. $3.40-3.70 would take a lifetime to save up $1000
@DarknessFalls29
4 жыл бұрын
@ Duo Beard. Save that little bit of change anyway because it will add up to something decent. It's worth it.
@andrewhamilton9571
4 жыл бұрын
Like my dad always told me it doesn't matter how much money u make it Matters what u do with it . Love this video ❤️ saveing , invest , into asset's get debt out of your life and pay with cash
@BirdTurdMemes
4 жыл бұрын
In Australia a fast food breakfast might cost you about 15$ def gotta cook your own stuff
@sscam2001
2 жыл бұрын
Use a Credit card that pays you a percentage back for your purchases, keep this card as your gas card, pay it all the way off when you get your paycheck each month. Now you are getting your gas at a discount, and as long as you pay the card off (some cards charge interest after 25 days so be mindful) each month you will avoid paying interest.
@CiecieNewson
4 жыл бұрын
I was able to purchase my first house using these 5 steps. ~Smile!
@quickahh5331
4 жыл бұрын
I always eat at home, never, go anywhere, my entertainment expenses consist of a PlayStation plus membership + $60 a year for a new game and I'm still broke
@adrenalinex4
4 жыл бұрын
Ivan Malloy thats why i hack my systems and load em up with tons of games.
@quickahh5331
4 жыл бұрын
@@adrenalinex4 I don't think $60 a year makes that big of a difference
@astgoddess
4 жыл бұрын
If you can't cut any more costs, but want more money to save and invest, you need to make more money. Different job, more hours at your job, or side hustles.
@troyx3312
4 жыл бұрын
Even working 1 day a week would probably solve your problem
@quickahh5331
4 жыл бұрын
@@troyx3312 I have a broken ankle so that makes working a bit difficult, considering I'm not allowed to go to my job until it's healed
@mangoesndollars
4 жыл бұрын
Wow ! That breakfast comparison was really informative 😍
@BirdTurdMemes
4 жыл бұрын
we got the bank right behind me *time to rob it*
@Denise-ob8dk
4 жыл бұрын
😂😂😂😂
@christinevandenbrink7644
4 жыл бұрын
TUNNEL!
@lionfire3359
4 жыл бұрын
And then ho to jail for 50 years for a botched robbery with toy guns and be this big guy call ass crusher Jim's babe.
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