To sum up the video: Don't spend money on shit u don't need!
@Zachary_Sweis
8 жыл бұрын
I freed up about 120 a month. I'm putting that toward student loan payments.
@PreetBanerjee
8 жыл бұрын
Zach - THAT'S AMAZING! Good for you!
@GregoryGuertinJr
8 жыл бұрын
I did some research and found that I only have $75 a month in subscriptions that are not including the big ones that need to be paid. I then have around $1700 in bills every month that are the big ones you need. The big thing I noticed is that I spend around $150 a month on coffee, beer, and subway. Those little nickel and dime stops that very quickly added up. I need to cut that out of my diet and then save the rest I could be in a good spot. Thanks for the inspiration to review my budget!
@PreetBanerjee
8 жыл бұрын
You're welcome!
@porkchop1343
5 жыл бұрын
Beer don’t count towards this..
@A.Lewisfilms
8 жыл бұрын
I've never heard someone say "netflix and chill" so professionally
@1josh4
8 жыл бұрын
lmboooo. Same here
@A.Lewisfilms
8 жыл бұрын
Joshua Roe Haha couldn't take it serious after that.
@PrashanthRaoNDZ
8 жыл бұрын
+Alex Lewis SAME
@A.Lewisfilms
8 жыл бұрын
HAHA so funny
@sanctuary8873
8 жыл бұрын
(◔‿◔)
@irfankf
8 жыл бұрын
Something I do on regular bases, "PRICE MATCH" at grocery stores. There are apps out there that can help. I easily save $5 on each grocery trip(each week), that's $20 to $25 saving per month. Thanks Preet...Keep it coming!!!
@PreetBanerjee
8 жыл бұрын
+Info Online Great tip - that's a big savings!
@tendercrocketts
8 жыл бұрын
Got hooked on the Renting versus Owning a house video, and I love this channel! My hubby and I just went through our expenses and we are setting aside $500 apiece (from each of our paychecks) every month to in order to save! It's worked out great so far--and we are now 6 months in! Thanks for the advice!
@PreetBanerjee
8 жыл бұрын
+tendercrocketts Thanks for watching!
@sirroxalot
8 жыл бұрын
I used to spend $85 a month for basic cable. Over a year ago, I got rid of it and bought an antenna. I still get 30+ channels and I only had a one time fee of $90 to buy it. I've saved over $1,500 since I did and continue to get free TV. They aren't the best channels, but I can always find something to watch.
@13thCharacter
8 жыл бұрын
I last did this about 18 months ago. I was surprised to realize that one of my largest recurring expenses was buying lunch every day. This was exacerbated by the fact that I work in a grocery store and therefore have ample access to prepared food. By cooking enough for leftovers and bringing those instead, I've saved about $100 a month. Due to this and other spending cuts, I have since paid off my car loan and one of my student loans well ahead of schedule.
@PreetBanerjee
8 жыл бұрын
Awesome!
@00Leoj00
8 жыл бұрын
I used to spend Php 8,000.00 every month, I freed myself from my girl and now, I save Php 6,000.00 every month!!! Thanks for this video :D
@1975perezpablo
7 жыл бұрын
Joel Palo hahaha, I did the same thing. stop paying for fancy dinners, movie nights, hanging out at bars. I was 8k in credit cards and 15k in student loans, now that's paid off and only 75% paid on my credit cards. whoo hooo!
@eurosensazion
7 жыл бұрын
Well you sure found the wrong girl and are extremely too nice and a gentleman for the 21st century. A good girl is one that always says thank you and also offers 50% of the time to pay even if you end up paying 70% of the time. If you're both high spenders and lavish then well both at fault. But you don't need to blow your entire life on a girl like that.
@jakecollier8999
8 жыл бұрын
Love this channel no scams just sound financial advice. Easily the most useful youtube channel ever.
@PreetBanerjee
8 жыл бұрын
Thanks Jake!
@jerryape4631
2 жыл бұрын
5 years ago ?! Why I only discovered this channel so late ??? The good news is that its NEVER too late !!! With every episode I'm more amazed by your content!!! Love you !
@PreetBanerjee
2 жыл бұрын
Thank you so much!
@jeetdg2012
8 жыл бұрын
Fellow bengali leading the way...So proud of you Preet !!!!
@jeetdg2012
8 жыл бұрын
+Ameya Naik He is Banerjee so he is Bengali as well. Btw you are a rude person !
@muhib.rr.
8 жыл бұрын
This video is absolutely on point. I also suggest cutting down on time wasting stuff to make the best use of your most valuable asset: TIME! I cut off Rogers cable few years ago. Guess who was able to save money and time? This guy!
@Ziplinz
8 жыл бұрын
I already know I need to get rid of cable completely.
@JakeLewisReal
8 жыл бұрын
Yea honestly you can find your favorite shows somewhere online. There's always people hookin it up with streams and shit
@BetoMelancia
8 жыл бұрын
Dont get rid of cable or net,before just call to other providers to know their prices and then call back again to yours with all on paper and say you had good offers from others. They will drop ur monthly price. always work if u are like 2/3 months almost at the end of your current provider subscription !
@Captain_MonsterFart
8 жыл бұрын
Paying nothing is so much better than paying "less"!
@burrozion
8 жыл бұрын
+Madam Smellypits exactly lol these assholes think it's a crime against humanity because you stream for free. it's like the movie stars going to live in poverty.
@javari
8 жыл бұрын
I did 2 years ago and the first month is a bit weird having only internet and netflix but now its no biggie. And kill your home phone, we are all cell phones now. $1000-2000 in savings per year with just those two!
@Wc3dragon
8 жыл бұрын
Thanks for the great advice! I plan to work on my finances tonight and start seeing where all my money goes. Lol
@melissali7423
8 жыл бұрын
In the process of doing this. Didn't find too much to cut back on, but did save 16$ a month so far by downgrading my gym membership and getting rid of a streaming service I never use. I'm combining this with my decision to only buy coffee/tea once a week, that is honestly saving me over 10-15$ a week.
@mfblang
8 жыл бұрын
Done this exercise some years back in a spreadsheet before finally manage to have a respectful savings. Truth is, I tend to be comforted too easily looking at the pay check i receive monthly. Like you said, ONLY when you list your commitments down, no matter how small the sum, one can truly understand the impact it brings. Never underestimate the importance of first understanding what you are committed to. I'm lucky to learn this early in my life and i hope this video helps bring awareness to the community out there.
@lorrainearmstrong2625
8 жыл бұрын
Great video Preet! You'll be a youtube sensation before you know it. 😊 This is the kind of advice more of us wanted on MDN2, look forward to more of your sage advice.
@PreetBanerjee
8 жыл бұрын
+Lorraine Mazzocchi Aww, thanks Lorraine! I miss you guys!
@gwgux
8 жыл бұрын
This is good advice. I've done something similar to this and it's allowed me to pay off both my student and car loans early and now I'm debt free and saving up to buy a house. After I get said house I'll be using the same basic method to save up and pay it off early as best I can.
@svenuckermann3196
8 жыл бұрын
Well did a similar thing while in the military: Every promotion, I would set up a new savings plan with the new sum I got more ... Never missed the money and was surprised with the end result (a year of world travel)
@PreetBanerjee
8 жыл бұрын
Nice!
@grdmusicandproduction
8 жыл бұрын
Well said... Very good advice!!! I'm right in the middle of doing that very same thing!!!
@PreetBanerjee
8 жыл бұрын
Nice!
@javari
8 жыл бұрын
Good advice, i did this years ago but my "Savings" was not autoinvested so i ended up seeing it as extra and more often than not spent it. I will call bank and see if they can autowithdraw to savings account this week. Thank you for reminder!
@lamename4
7 жыл бұрын
awesome! I made the list of my expenses and it total monthly payments and I was surprised by what I found. Thanks for the video!
@PreetBanerjee
7 жыл бұрын
Nice!
@Ronaldus81
7 жыл бұрын
I'm doing exactly this at the end of every year. Car insurance, all-in package home insurances, health care insurance, subsciptions, energy contracts, everything gets examinated. I'm at a point now where I'm hitting a soft bottom, and paying around 1500 (!) euro's less per year than three years ago. Now I'm using the money to accellerate payment on my mortgage, to profit even more by paying less interest yeay after year after year. I wish I've done this earlier. It's unbelievable that I took insurance etc for granted.
@intractablemaskvpmGy
8 жыл бұрын
I took this very approach to cut expenses. Except I also save every receipt and go through them at the beginning of each month and plug them into a spreadsheet along with my regular reoccurring expenses such as utilities. This way I know where every penny goes and a realistic budget can be established. Seeing how much money literally went to waste through eating out, coffeeshops and visits to the convenience store etc allowed me to change some habits and cut my spending drastically. I've cut more than 50% from my expenses vs 18 months ago. And looking to trim more!
@JoakimGulbrandsen
7 жыл бұрын
i changed my insurance company a couple years ago, and dropped from $5400 per year till $1700 per year.. I was a bit furious when i found it out, but could only blame myself ofcourse. Great videos :)
@WarrenGarabrandt
8 жыл бұрын
I eliminated $109 / month in automated expenses, and figured out a way I could pay off credit cards faster. I got a loan at a lower interest rate than my credit cards, and used the credit card monthly payments + my eliminated expenses to maximize the monthly payment toward that new loan. I'm well on my way to being debt free now. All I'll have left when the loans are paid off is Mortgage and Student Loans. I figure when the loan pays off, I'll divert every cent of that payment toward either the student loans or mortgage and pay it off, and so on.
@PreetBanerjee
8 жыл бұрын
That's awesome! Thanks for sharing.
@magicmarc7576
8 жыл бұрын
Wow. I'm a pre-service secondary school teacher and this would be an exciting way to introduce students to the notion of savings and fiscal responsibility!
@magicmarc7576
8 жыл бұрын
If only I could manage it lol
@rhythmandacoustics
8 жыл бұрын
Great Video. If I may add, also people should at least try to learn simple trades such as plumbing, car mechanics, and so on. I mean not anything too complicated. For example instead of spending money of tire changes , you can do that yourself by buying 1 set of tire and rims for winter, and another set for summer, then swithc your tires yourself, or if you have a small leak in your faucet try to use pipe wrenches, and buy fittings at your local store and do it yourself. It will save you lots of money in the long-run.
@JoshuaMSchroeder
8 жыл бұрын
One thing I have started doing with subscriptions is if I have members of the extended family also paying for netflix/amazon etc. I buy the family pack and we all split the cost.
@unarvuiot
8 жыл бұрын
I freed up MYR500 (close to US$125), using that to pay off my high interest rate debts. Idea works but the temptation to use the saved sum is HIGH...
@PreetBanerjee
8 жыл бұрын
No pain, no gain. But it will be worth it! Once you pay down your high interest rate debts, you'll have that money freed up. Save half, spend half, and you'll slowly improve your financial situation over time, and you'll be laughing down the road. Good luck!
@JEAthePrince
8 жыл бұрын
Face that pain and beat it to become stronger
@weinickchan
8 жыл бұрын
+
@lamy29
8 жыл бұрын
What you have stated works, I did exactly this years ago, there is no way to watch this much content unless you never leave the house. I just have netflix now and pick up basic internet package. I still have more trimming to do such as shopping for better insurance.
@EdwardGador
8 жыл бұрын
Simple and practical. Doesn't matter if you're in Toronto or Tondo, Manila. Thanks for sharing!
@IgWannA2
8 жыл бұрын
A good one is check your gas and power with competitors. You could easily save $500/year or more, just because companies are constantly changing tariffs and deals.
@BettyAlexandriaPride
8 жыл бұрын
I loved this! I actually did this a while ago. I switched phone companies and got rid of Hulu since I already had Netflix. Saving also came in handy when I got into a car accident and couldn't work (which is right now actually) because I was able to still cover my bills. :)
@EvanBrumbaugh
8 жыл бұрын
This was a simple review for me but I do believe there are many people who don't understand these things. I have seen so many mistakes made by my tenants.
@twinzturbo
8 жыл бұрын
First time on the channel, very interesting!
@627pts
8 жыл бұрын
I quit smoking a year and 1/2 ago, got rid of tv/cable completely,stayed single and kept leeching friends at a distance lol ..been throwing $200.00/ month into a TFSA ever since as my reward to myself !! :) It sure is nice to have a savings for a change !! (actually started the tfsa for almost 3 years now i think :P) wish i would've done this in my30s!! :/
@PreetBanerjee
8 жыл бұрын
That's awesome!
@Dover939
8 жыл бұрын
Awesome job quitting smoking. Not only are you saving yourself and others, you're saving yourself a boatload of cash.
@michaellim1076
8 жыл бұрын
wow, this advise is simple and practical. it can be easily followed through and start saving some money straight away.
@michaelverlinsky4036
8 жыл бұрын
Preet, I am a Highschool student working part time making ~600 a month your strategy helped me cut down and go from spending almost all of my paycheck to almost half now all I have to do is remember to save that amount every month instead of just spending it.
@PreetBanerjee
8 жыл бұрын
That is awesome!!!
@matthewb377
8 жыл бұрын
These videos are so useful! Thank you! Personal finance is so important everyone should be practicing it
@PreetBanerjee
8 жыл бұрын
Thanks Matthew!
@celeryman2873
7 жыл бұрын
Preet doesn't tip when he goes out to restaurants. Now I know why. Thanks for the money advice bro.
@RickHenderson
8 жыл бұрын
I've done stuff like this before but it seems to need revisiting occasionally. I was about to ask Rogers to improve my wireless long distance plan and cancel our $40 / month home phone. After speaking with retention, I got a $30 reduction in my monthly bill along with 100 free LD minutes to my phone, and still keep the Home phone. We don't have cable, just Netflix. I'll be directing the $30 into a TFSA savings following your advice. Just bought a new-to-me car so things are tight but looking good come September. Rejected the urge to overpay on a new vehicle.
@RickHenderson
8 жыл бұрын
Oh... crucial point. My "discount" is only for 24 months so I will have to call them again. Sept 2018: "Hello Rogers? I'd like to cancel my home phone."
@TheDumbassstunts
8 жыл бұрын
im 20 years old can you do a video about stocks and long term investing?
@PreetBanerjee
8 жыл бұрын
Absolutely - stay tuned!
@MrBeard17
8 жыл бұрын
Just what I was gonna suggest too. Im saving much more money now and needing to learn more of where I can invest it.
@jjmooner1
7 жыл бұрын
Trey Sullivan Ben Grahams Intelligent Investor
@eurosensazion
7 жыл бұрын
If your 20 why are you worried about stocks and long term investing in over valuated ponzi equity markets? First, worry about getting a career and paying off your debts and enjoy your youth but smartly, you don't need a BMW etc. Unless you already have min. 100k to invest and don't mind the risk of the equity market, I suggest you stay away. You don't have to listen to me, but school is not all what they teach you. This is a guy who called Bombardier a failed company in 2002 and proved it and got a C in strategic management class at Schulich. The prof should of been fired. Graduated with A GPA and got MBA and found each almost irrelevant mostly in real world if you have no connections/networking or a family with high net worth. You gotta work hard like the rest of the regular folks. If you are financially privileged, then by all means many of these theories applies to you.
@jeanmoke1
8 жыл бұрын
where have you been all my life??? this is so valuable for me as a young professional new to "adulting" in Toronto. subscribed for more valuable info. keep them coming (y)
@PreetBanerjee
8 жыл бұрын
+WanderingDrifter Thanks man! Appreciated!
@fuzzjohn
8 жыл бұрын
Hey Preet great video thanks. Just a friendly FYI: You should make sure to make the dialogue audio mono because it's easier for headphone listeners, the stereo recording makes it sound like you're standing off to the left a bit and it's a little disorienting.
@PreetBanerjee
8 жыл бұрын
Ah - thanks for that! Much appreciated!
@rajagopalanvenkataraman8216
8 жыл бұрын
Gee! Thanks a lot man :) This sounds easy, yet profound. Appreciate the video a lot
@spencerkirk3928
8 жыл бұрын
I did this and ended up saving 400$ per month.
@PreetBanerjee
8 жыл бұрын
That's phenomenal!
@Moley1Moleo
8 жыл бұрын
Where was that $400 going?
@mohamedalikhlifi9772
8 жыл бұрын
sex slaves !
@barlen84
8 жыл бұрын
you sir are the kind of guy the worlds needs thanks!!!
@EVILVIKTOR
8 жыл бұрын
This is awesome. I cancelled my cable TV service and started stealing my neighbor's WiFi. $150.00 a month in instant savings! Thanks man...
@anandmalkan
8 жыл бұрын
Hey Preet nice video and i also enjoyed your video on Rent V/S Ownership.
@jinglejazz7537
8 жыл бұрын
I Really like these videos,
@shelleyfoster5826
8 жыл бұрын
Good one Preet! I have one for you--not to sure how many women would go for it though. I have decided that since I really don't get any satisfaction from colouring my hair every 4-6 weeks, I am giving it up! Bring on the grey!
@PreetBanerjee
8 жыл бұрын
+Shelley Foster Yes, I don't know how many women OR men, would go for that! :)
@Greatness411
8 жыл бұрын
Hello, so glad to hear that you are giving up on coloring your hair. I stop coloring my hair 2 years ago and now I am extremely gray but happy. Although I get mean looks from people, I am saving the money I used to spend at the beauty shop. There should be a social community for people with gray hair. Also, this is a great video; keep up the good work.
@PreetBanerjee
8 жыл бұрын
Thanks Cheryl!
@dattrax7
8 жыл бұрын
Fantastic videos Preet! Finances and real estate have never been an interest of mine, so it's great watching you explain away many commonly held beliefs. Thanks for sharing with us at Powered by Search! Much appreciated!!
@tasminummuzayr4542
8 жыл бұрын
free financial advice, how refreshing! thank you
@PreetBanerjee
8 жыл бұрын
You're welcome!
@irfankf
8 жыл бұрын
Flip is popular, you can also use Checkout 51 for rebates after grocery shopping.
@aquaprofile
8 жыл бұрын
This is actually pretty accurate to what I do. Stopped going out to eat so often and just paid for 2-3 days of groceries at a time and not wasting so much and you could end up saving $160 per paycheck Or per month depending on your bills.
@tpeacock84
8 жыл бұрын
I do this on about a 6 month to yearly basis. Typically when my "special internet deal" has expired. I call up Comcast and get them to give me the best deal they can, if not I call up century link and do the same and play negotiator with the two companies until I get the best deal. It is a pain in the butt but pays off when I'm only paying $39.99 or $29.99 a month and can still stream my Netflix. I just lowered my Netflix to the basic, $8.99 so saving $1 a month and haven't noticed a difference. No cable, no magazines, but I do have a lot of spending on consumables, beer, resteraunts, coffee etc. These are the hard ones to avoid and add up quick.
@u2529
8 жыл бұрын
So far ive thumbed up on all of your videos that ive watched. Thank you for the very helpful insights to personal finance and sometimes those 'duh' knowledge that we should all be reminder of. Keep it coming 😊
@PreetBanerjee
8 жыл бұрын
Wow - thanks Tommy! I'm currently travelling for business so haven't had a chance to film a new video for a bit, but I'll be home next week and will start putting up more videos. Thanks so much for watching!
@1975perezpablo
7 жыл бұрын
That's right, save as much as you can. I stop paying for fancy dinners, movie nights, hanging out at bars. I was 8k in credit cards and 15k in student loans, now that's paid off and only 75% paid on my credit cards.
@brandondaniels9471
8 жыл бұрын
Brilliant! Just brilliant!! I'll report back when I calculate the cuts I can make in my expenses. Thanks!
@PreetBanerjee
8 жыл бұрын
Thanks Brandon! I look forward to hearing your results!
@leftylady03
8 жыл бұрын
So what did you find?
@darioux007
8 жыл бұрын
He realized his whole life was a life and became a nomad.
@LifeOfManpreet
8 жыл бұрын
I recently found your videos. I am so bad at finances. I just spend everything I earn or it seems so. And then I see my friends who are saving god sum of money with half income than mine. I need to put a tab on my expenses and my spending habit. Will try this trick. Have already got a recurring deposit & it does save me a bit. Will see if I can get another one after following the method you suggested. :)
@PreetBanerjee
8 жыл бұрын
Keep me posted! And thanks for watching!
@LifeOfManpreet
8 жыл бұрын
***** sure
@telpurion88
8 жыл бұрын
Hooked after 1 video. Preet you are amazing! Thanks so much for these videos.
@PreetBanerjee
8 жыл бұрын
Thanks Telp!
@TheHomicidalTendency
8 жыл бұрын
Such an obvious idea, but watching the video made me think about actually doing it. I don't even use netflix anymore. Just keep it around only for netflix shows I like but i can cancel when no new seasons are coming out.
@MrTJREYES
8 жыл бұрын
You sir are awesome keep it up! More power to you
@Black70Fastback
8 жыл бұрын
it amazes me that this is news to people
@emanibird101
7 жыл бұрын
can you make a video about the differencw in buying a new car and used car?thanks.. i always watch your videos.. thanks more power!!
@melissacrousse4217
8 жыл бұрын
Thanks Preet, good advice. The Netflix vs Cable is a good one. Chances are, you can get almost everything you need from netflix or watching online. (But I feel i need to wait until after the summer Olympics are over before I cancel my cable :P )
@englishspeakingmasterclass1693
7 жыл бұрын
Thanks Preet! Sound advise!😊
@tayeramasaya754
8 жыл бұрын
this works quite well in zimbabwe thanks
@johnsy4306
8 жыл бұрын
One thing I've always found that worked is to pay myself first. If you put aside, say, $300 a month automatically and learn to live on the rest of your income, you'll also be able to save a lot of money. You don'tr really feel the pinch.
@sudz-ebucket6635
8 жыл бұрын
I will try. this is similar to how I already managed money but with cash.
@smoothsax5
8 жыл бұрын
Started tracking my spending 2 years ago and gradually reduced my spending on alcohol from $200+ to under $80 a month. Smart of you to not attack the things people love, like alcohol, in the video, but it really is a money vacuum.
@PreetBanerjee
8 жыл бұрын
Thanks for sharing your experience - that's awesome!
@LindseyDara
7 жыл бұрын
First video I've watched and it was awesome! Great info and concise!
@Hartz93
8 жыл бұрын
HOW DO YOU ACCEPT PAYING 75-80$ FOR CABEL AND INTERNET!?!? HOLY S**T. I mean, I’ve heard about the cable oligarchy in the U.S. but I never imagined it being so bad. For the record, I pay 25$ for cable and 15$ for 30mbit/s. Also I live in Norway. PS: Great video.
@PreetBanerjee
8 жыл бұрын
Kicking and screaming. Unfortunately, we have a bit of an oligopoly with telecommunications companies in Canada, so the competition is not very stiff. I love Norway. And now I have another reason to want to move there! Thanks for watching!
@Preflightterror4
8 жыл бұрын
you're also paying for mBit, in the us/Canada it's standard to measure in MB
@Preflightterror4
8 жыл бұрын
Shit son, just looked it up. Now I gotta rethink my whole life now.
@RobotMowerTricks
8 жыл бұрын
Linus Tech Tips has a video on it explaining the difference. Pretty interesting -it's convenient that ISPs get to offer less speed for the same number, with just a tiny little change.
@TheDumbassstunts
8 жыл бұрын
lol i work for Verizon fios home tv and internet, 80 is cheap iv seen bills as high as 300 a month for tv and internet, 130-150 is probably closer to average
@porkchop1343
7 жыл бұрын
Thank you..I'm changing my beer brand to a cheaper brand in the morning. That should save me 10 bucks a day
@MadcapClover
8 жыл бұрын
I lost it at "Netflix and chill" hahaha
@Dustynbearz
8 жыл бұрын
Hey there! 2nd video and im liking your content. Just got a raise so maybe i can pay off some debt. Subscribed!
@PreetBanerjee
8 жыл бұрын
Thanks man!
@kcreativek
8 жыл бұрын
Thank you for this video advice well taken
@Dakakeisalie
8 жыл бұрын
My parents paid at least 13 months of their morgage every 12 months. The amount you over pay means you are not acruing interest for as long. Their 40 year morgage was paid off in
@bryanbroacosta
7 жыл бұрын
Why can't they teach your content in school not fucking history and useless shit we don't need, this is more important and is something for sure we will run into during our life times
@saimonebees9581
7 жыл бұрын
Allen Berry but do you need anybody telling you to avoid paying premium Netflix if you only have regular HD? I mean, it's common sense..
@ifonlyeah
7 жыл бұрын
+sai mone bees trust me, i know way too many people who dont have common sense about money
@saimonebees9581
7 жыл бұрын
y m fair enough.. I guess history is just a too advanced subject if this level of common sense is missing..
@Kimeesunshine
7 жыл бұрын
History is as IMPORTANT as this. Human learns from their past mistakes but if we don't learn about those mistakes we're bound to do the same mistakes over and over.
@IamHueGraves
7 жыл бұрын
History is important, maybe we don't need non literary English or Calculus as much
@robertshuxley
8 жыл бұрын
great vid. reminds me of Ryan Gosling's character from the big short movie
@alizagoloso2178
8 жыл бұрын
Thank you. This is what I need.
@Captain_MonsterFart
8 жыл бұрын
Giving up all TV 15 years ago was a freeing experience. No money spent on appliances or cable or Netflix, no life wasted on the couch!
@sanctuary8873
8 жыл бұрын
Nice, the most entertaining part of life is good experiences!
@CerealKiller.
8 жыл бұрын
I got you there, gave up TV from 2008 yolo
@tiffanyblack4233
8 жыл бұрын
What is automatic savings? I like the idea of this. At my bank the savings automatically backs up the checking, which is nice but doesn't really stop me from spending it if it.
@mayxu8846
8 жыл бұрын
I saved $1000000 per month Canceled Netflix Canceled insurance Canceled tv and wifi Canceled house renting Canceled going to restaurants Canceled buying food for my kids Canceled eating for me Sold every household object in my house Canceled buying items instead I would find a item outside use it Canceled school field trips for my kids Canceled all vacations Fed my kids sand and rocks Jk
@nousername3887
8 жыл бұрын
that's pretty good
@JulianSloman
8 жыл бұрын
Are you the owner of like a nation where you consider all the people to be your kids? How would that ever add up to 1 mil :P over-over exagerated
@CalikingZX
8 жыл бұрын
subscribed... some of this is a reminder but still learning something new!
@PreetBanerjee
8 жыл бұрын
Thanks!
@cheekymonkey3929
8 жыл бұрын
me 2 ha ha
@karlcardozatv
8 жыл бұрын
canceled my Spotify, got rid of cable and went with android TV box. now to do the automatic savings plan
@KCDrippyStache
8 жыл бұрын
This channel is amazing! Keep them coming Preet!
@PreetBanerjee
8 жыл бұрын
Thanks KC!
@PreetBanerjee
8 жыл бұрын
KC - May I have your permission to use a screen grab of your comment in a new channel trailer?
@KCDrippyStache
8 жыл бұрын
+Money School yes of course!!!
@PreetBanerjee
8 жыл бұрын
Thank you!
@Kosmo999
8 жыл бұрын
great video. i like this guy. great talker and easy to follow. good work!:)
@PreetBanerjee
8 жыл бұрын
Thanks Kosmo!
@Thiago7Mr
8 жыл бұрын
Amazing channel i love your videos...
@PreetBanerjee
8 жыл бұрын
+Thiago .Staroski Thanks Thiago!
@randikalakmal
8 жыл бұрын
+Preet Banerjee Do you have a video on how to invest money? In my case I'm smart enough to save money, but too dumb to figure out how to invest :(
@PreetBanerjee
8 жыл бұрын
+randikalakmal I'll add some videos over time, but in the meantime, you can check out a couple of books: "The Value of Simple" by John Robertson or Dan Bortolotti's "MoneySense Guide to the Perfect Portfolio". Note: these are for Canadians - if you're not Canadian let me know and I'll suggest some other books. Thanks for watching!
@randikalakmal
8 жыл бұрын
+Preet Banerjee Thanks for the reply. Yes, I'm Canadian. Subscribed.
@PreetBanerjee
8 жыл бұрын
Hmmm. I'm not too familiar with personal finance books specific to Australia, but a really good book for general principles is "The Richest Man in Babylon" - a very quick read, but it nails the basics of personal finance that are the most important.
@jinglejazz7537
8 жыл бұрын
Howdy Preet: love the vids, watch'm all the time, here's one for you. how about doing a vid on baby boomers, [age 55] whom have gone through unemployment, all their savings and credit, have to restart from nothing....and how to save a great deal of money before retiring in 10 to 12 years, my situation, fell on hard times, live in Alberta, worked in oil industry, which is now in recession, have job that pays only $12.50 per our, roughly $2000. a month, company has rsp plan, match first $1500, up to 6% of gross salary, also they have a 15% stock option purchase plan as well. I plan on opening a private rsp and tfsa, what to do! My monthly expenses are approx. $1200.00 for basic, rent, food, gas for old car. thx.
@mooveegurl
8 жыл бұрын
Excellent advice!
@mahmadieh7011
8 жыл бұрын
Good delivery. Easy to like the guy. No brainer content though.
@pradeepkumars29
8 жыл бұрын
@Preet Banerjee :- Tons of thanks bro .... :)
@Sainiin6ix
8 жыл бұрын
Usually people spend 2.5$ a day for a tim horton coffee or 5$ if they are having a sandwich or a begal along with it, if it 2.5$ a day then its 75 $ a month and 900$ a year and 9000$ or 10 years and if they are spending 5$ a day then its gonna be 150$ a month and 1800$ a year and 18000$ for 10 years, people dont realize how much money they are throwing away to these big chains and same applies on pizzas as well, if someone eats 2 pizzas in a week and for a month they will be eating aroung 8 and each pizza costs 15 to 20$ normally, this means the total cost is 200$ a month for a normal family which they are spending on pizza and thats 2400$ a year and 24000$ for ten years, my point is if people cut these cost to half then they will be saving plenty of money for themselves.
@Magickmaster3
8 жыл бұрын
I think I could completely cut cable+tv payments and just have internet. VOIP and (here legal) free streaming websites can absolutely handle the job you pay 80$ for, basically at no cost.
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