Lifestyle creep is a real B. I tripled my salary between between the age of 21 to 29 and it got me good. Just about managing it better now at 32. I think it comes down to think things that you’d like to spend money on turning into things you think you’re now entitled to.
@freedomordeath89
2 жыл бұрын
it comes down to being lucky enough to be born in the top 20 countries (USA, Canada, Nord Europe) and earn a livable wage. Good luck finding a job that lets you save money in 90% of the other countries.
@alona724
2 жыл бұрын
Congrats on tripling your income. I’m not of the crowd that thinks you should keep your lifestyle the same… unless your financial situation is truly dire and there’s no way out. Save and then live is my motto now!
@CoCo-yv3hl
2 жыл бұрын
Cost of living
@Tashas_Travels
2 жыл бұрын
I am almost at my $1000 emergency fund, when I hit that I am starting again to save another $1000 , I want to have $4000 as an emergency fund before I can think of saving for anything else and investing.
@actnowordreamon6774
2 жыл бұрын
Is 4000 a 3 to 6 months of expense? No matter what, you are on the right track. Don't give up. Come and watch my channel also
@sofiaramoi7736
2 жыл бұрын
Thanks Natasha! Right track.
@alona724
2 жыл бұрын
I need more answers. How was she saving 85% of her $12,000? Was she living at home with her parents? Was her living subsidized? Either way, I’m proud of her for keeping good habits. I just don’t want people with no safety net making $12,000 to feel shame based on half of her story.
@jordansmith6153
2 жыл бұрын
My thoughts exactly
@kidano5317
2 жыл бұрын
Family/a good support system is ALWAYS a factor in these cases! That’s why it annoys me when they aren’t completely transparent.
@leandrejones9787
2 жыл бұрын
How is she saving 85% period even if she’s making $100,000 she would only be left with less than 20,000 a year
@alona724
2 жыл бұрын
@@leandrejones9787 I think $20,000 a year in spending sounds more realistic. I could see a person with a low food budget.. next to no transportation costs living off of that. But, you’re right. I think housing alone in NY would eat that up. So, I have more questions lol
@blackentrepreneur244
2 жыл бұрын
She was getting smashed by the wall street homies.
@peter3461
2 жыл бұрын
Only the second African-American trader in 200+ years folks. It’s crazy how institutions keep certain groups outside their doors for so long. We need more black leaders in the world.
@actnowordreamon6774
2 жыл бұрын
amen .... the issue here is not the color of our skin but is to hire best candidate for the position. If that person is black you hire him/her. I agree with you the society has its priority wrong.
@cheezybred
2 жыл бұрын
Good tippers, but you should modestly improve your lifestyle when you make more money. Dont go into debt, but living a little is not a bad thing.
@crazy3rdgen
2 жыл бұрын
Private jets and a Richard Mille watch collection Lfg
@genwilson7741
2 жыл бұрын
@@colleenr3358 Thats so true. My mom taught me a similar lesson and that is to invest in your self and your future. So for example, Because I was obsessed with saving, I was going to purchase a cheap suitcase from amazon. Well my mom said no, since I travel for work, I should get a better set that would last. Im so glad I did because my coworker's cheap set broke and mine is going strong. Sometimes we buy the cheaper stuff because thats all we can afford, but when we make more ,then we should spend a bit extra because it lasts longer and actually saves money by not having to replace it so soon.
@actnowordreamon6774
2 жыл бұрын
ya 85% is crazy ... I do 35% and honestly it is not hard at all.... It is a decision making process more than anything else. Come and watch my channel also
@HeyitsKimberlee
2 жыл бұрын
Definitely been scaling back and living minimally when my lifestyle changed but not without first having run into some bumps initially. Ordering food got wayyyy too comfortable and was taking all my money 😅
@monarematema2135
2 жыл бұрын
Lifestyle Creep is certainly a pandemic of its own ! Thanks for the tips Lauren, love this
@captainhickey2608
2 жыл бұрын
Love this! (Lauren you're awesome) Can you bring Lauren back to discuss more about growing your money at her level of risk tolerance , its a gap in what is usually shared information wise around investment and she sounds like she gets it.
@actnowordreamon6774
2 жыл бұрын
Investment is the key and of course your risk tolerance is a primary factor on the type of investment you will do. But first, do you have your emergency fund set? Come and watch my channel also
@FreeToBe
2 жыл бұрын
Another important tip is not to become a lifestyle aggregator. That’s a concept I cover a lot on my channel. Basically, just because you have one friend that’s really into getting a new car every few years, another that’s really into taking lavish trips and a third that’s into updating their wardrobe all of the time, doesn’t mean you should be trying to do all three of those things.
@CoCo-yv3hl
2 жыл бұрын
Smelling Propaganda with these stories 🤔
@frankoberly548
2 жыл бұрын
Saving 85% on 12k salary, while living in NYC? Doubt it.
@frankoberly548
2 жыл бұрын
@@ShayMarie.00 that’s the only way.
@MrChileung
2 жыл бұрын
Monthly income of 12k saving 85% sounds more doable.
@GoatTHEGreat
2 жыл бұрын
Not just NYC. There's no place in America that I can think of where you can save 85% of 12k a year unless someone else is holding the bill.
@AN-wu9eo
2 жыл бұрын
Talks about saving 85%....then goes into 50-30-20 rule...
@actnowordreamon6774
2 жыл бұрын
unless she was at home and her parents paid for absolutely everything.
@davontawilliams3958
2 жыл бұрын
12k a month or year ?
@joyandpeacefullaughter5307
2 жыл бұрын
A year
@davontawilliams3958
2 жыл бұрын
@@joyandpeacefullaughter5307 oh no I thought they made bank at the NYSE.
@NathalieLazo
2 жыл бұрын
Incredible person reading this, you have everything there is to succeed in life, whatever that is for you. Go after the life you truly want NOW! ✨ I believe in you! Love - Nat ❤️
@DiamondFlame45
2 жыл бұрын
The Lifestyle Creep and the emergency funds trips are so true!
@actnowordreamon6774
2 жыл бұрын
People are destroying their financial future by spending too much. Come and watch my channel also
@MrChileung
2 жыл бұрын
Save 85%???.🧐
@rosemarywinbush5260
2 жыл бұрын
Great tips! Congratulations on your accomplishments both career and financial. Keep telling others about money tips, especially young people; it can set someone free from poverty mindsets. Thanks!!
@actnowordreamon6774
2 жыл бұрын
Haaa poverty is a real issue for everyone. Understanding why we (people) are poor is the fist step to get our of the rat race. Come and watch my channel also
@pricklypear1111
2 жыл бұрын
Yasss! I'm making 250k per year and only living off 65k per year
@ginger732
2 жыл бұрын
Does she mean she does not invest in stocks, she just saves money and into her savings account?
@leahmcdermott4189
2 жыл бұрын
I doubt it. I think she meant savings and index funds (stocks) when she said more traditional investments. Fair enough, she’s not interested in cryptocurrency. It’s still a relatively new asset and extremely volatile. It’s not for everyone 🤷🏾♀️
@kamilahdouglas1609
2 жыл бұрын
Thank you for these tips! I have a small emergency fund but I definitely want to save more, I just have a low income (sigh).
@mariaisabelmedina7149
2 жыл бұрын
Me: nice, saving tips video 😍 Video starts: another trader Me: 😬 Me: exits video
@matt_phx
2 жыл бұрын
Yeah I get it don’t blow it and maintain your investments but what’s the point of earning more if you can’t enjoy it while you’re young too? And is it save 85% like she said or 50-30-20? Tons of people are paycheck to paycheck. It sounds like the real tip here is to increase your income.
@actnowordreamon6774
2 жыл бұрын
Not really, the real tips is to manage your money properly. A big majority of people that live paycheck to paycheck are in this situation due to money management ... of course here I am not talking about those who have real life issue like sickness, lack of education and other. Many people are simply spending too much and have a large debt burden. Come and watch my channel also
@dorisyadav3099
2 жыл бұрын
I need to know how to manage 12k/year and save 80% of it. Even if I live with parents, which not everyone have.
@ollie14may
2 жыл бұрын
85% ?????
@DEADPOOL-ce2kz
2 жыл бұрын
Is that it ? Not new , what she said was common sense.
@sesetio338
2 жыл бұрын
To people that don't choose to upskill and learn to have more revenue from different avenues. Make sure you do so most of your pay doesn't directly go towards day to day expenses.
@kevinwang7731
2 жыл бұрын
Yep. Living pay check to paycheck is very rough
@sincerelyajg5067
2 жыл бұрын
The vast majority of people cannot save 85% of their income unless they are living somewhere where they are not expected to assist financially. Now the 50-30-20 is more attainable however this also depends on your daily expenses.
@zaniah8270
2 жыл бұрын
That’s why it best to do so when your young in your 20’s and living with your parents. Best to save while you can before “responsibilities” come into play.
@Iifeandmoney
2 жыл бұрын
Wonderful practical tips that anyone can take advantage of😊
@DukeBX
2 жыл бұрын
Another good one for Graham Stephan.
@iris201000
2 жыл бұрын
Ill have to come back and rewatch these tips soon. SO helpful.
@paula_hi
Жыл бұрын
Lauren is so inspirational ☺✨
@olympic-ass-eater
2 жыл бұрын
She did not explain how she went from $12k to $100k.
@Thatbul
2 жыл бұрын
The title says tips
@dammythatmixedchick
2 жыл бұрын
she quit and leveraged her network from going viral
@Bludove360
2 жыл бұрын
She went from making $12k annually as a recent college grad to making $100k+ annually as a full-time trader on the NY Stock Exchange.
@dammythatmixedchick
2 жыл бұрын
@@Bludove360 no she didn’t. She was making the $12k as a trader. She mentioned that her boss was grossly underpaying her as compared to her peers
@jshaggy26
2 жыл бұрын
For some reason the subtitles picked up the mic of the person setting her up for the interview. You can read someone telling her to look into the camera and stuff like that. Lol
@JogBird
2 жыл бұрын
Bitcoin is speculation not an investment
@kingnostalgia7911
2 жыл бұрын
Says a McDonald's employee
@dhowto3005
2 жыл бұрын
Congratulations! Thanks for the great advice!
@steveburdex6104
Жыл бұрын
I love her! 🙏🏿
@Jonathan00247
2 жыл бұрын
Ma'am Carolyn Julie Simon is a Humanitarian indeed, my financial life changed with the help of her great work on investment plannings👍
@marywood1473
2 жыл бұрын
Well said mate, I've actually been profit-oriented since I started my first investment trades with Carolyn J. Simon transparent woman
@tracyhughes5179
2 жыл бұрын
I actually don't want to wait for the government 4th stimulus check anymore
@tracyhughes5179
2 жыл бұрын
Am glad I ventured into Cryptocurrencies trading 🤗
@brainbertrand3295
2 жыл бұрын
I heard bout Carolyn exploit that was about some couple of months ago, I felt she is not recognized and I felt reluctant cos I really don't believe on this brokers nowadays
@rosed.vogelsang2989
2 жыл бұрын
@@tracyhughes5179 Same, the government kept on failing their promises 😔😔
@njumekogge4645
2 жыл бұрын
Putting your money into a tradictional saving account will never make you get to financial stability.How much does the bank pay you every month from you savings .
@actnowordreamon6774
2 жыл бұрын
probably close to nothing unless she has so much money the bank gives her a higher rate. Even then, it is not enough to cover the inflation which hit 7.5% this month. There is better thing to do to get your money to generate more ... Come and watch my channel also
@valerieperez7502
2 жыл бұрын
What app or website is she using at 1:27 ?
@adaelmo8915
2 жыл бұрын
Great tips 💯
@WorldAquariumSingapore
2 жыл бұрын
WOW $12000 for her first job? did i hear wrongly? (is that considered as low, high?)
@kanglee6066
2 жыл бұрын
There's no way she saved 85% on a $12000 income. That's like only spending $1800 a year!!! Or 150/month. Is this after paying her bills?
@atoznum1
2 жыл бұрын
You don’t know what she did because you don’t know what her support system looks like. Stop assuming you know everything about people.
@stoleethatsme
2 жыл бұрын
@@atoznum1 Period she did have a support system or trust fund because otherwise her math makes zero sense no matter where you live. You can't give out so called money saving tips when you were able to save money because someone else supported you. Most people already spend 75% - 90% on their rent alone so yeah she is full of it.
@hemphoney2371
2 жыл бұрын
Great tips Lauren.
@mr.wilson2452
2 жыл бұрын
We need more info on this saving 85% of $12K in NYC thing.... Not quite adding up!
@FalconEcho
2 жыл бұрын
Lol
@MegaMashedPotatoes
2 жыл бұрын
Great advice!
@theladyengineer
2 жыл бұрын
Emergency Fund is very important.💯
@MarissatheXplorer
2 жыл бұрын
50 30 20. I love it.
@ibdam1
2 жыл бұрын
Love your story❤️❤️
@mack-uv6gn
2 жыл бұрын
Interesting that a Wall Street person didn’t say anything about putting money in a stock portfolio instead she said savings account. Maybe she knows something we don’t. Just a thought.
@actnowordreamon6774
2 жыл бұрын
ya the saving account thing is wrong especially with a 7.5% inflation while the interest rate she is getting is less than 1%. They are things much better to do with your money than a saving account. Come and watch my channel also
@InternetGirl1093
2 жыл бұрын
Was the $12k when she was a summer analyst? That’s a wildly low salary for a NYC employee in finance.
@sharlenelockett2224
2 жыл бұрын
If people would do a little research and stop complaining about people lying about their life, it would be more beneficial. She stated that her family helped her, maybe that angers people because their family does not. She saves 85% of what she makes, if you only make $20k live on as less as possible until you are making more to adjust savings. Comprehension skills are lacking with so many people. Continued success Lauren.
@rellysunshine9665
2 жыл бұрын
Great video.
@kendrapratt2098
2 жыл бұрын
The description says she talks about driving an electric car and paying rent in advance, but I didn’t hear any of that
@swirlandtwirl5417
2 жыл бұрын
Correct, I'm spending more.
@htconexify
2 жыл бұрын
How does one save 85% of this income..
@levont.husser153
2 жыл бұрын
Dope story!
@niceguy5638
2 жыл бұрын
ok
@GH-ox6dh
2 жыл бұрын
85% seems a bit out of touch to use as an example. Most people don't live off of their parents or significant other. Not seeing how this is relevant advice to spread broadly.
@punkybrew07
2 жыл бұрын
She reminds me of a younger Robin Givens.
@link2299
2 жыл бұрын
Save 85%, what a load of literal garbage. You're telling us your living expenses were $1500 for a year? Even homeless people have higher living costs than that. No one making even $500k/year saves 85% of their income and that is not recommended by anyone ever. Also, you earn more, elevate your life style, not only is it normal, in my opinion, it is strongly encouraged. Why make the money for the future when you can gradually increase your life style to live a happy and fulfilled life? No, don't spent $100k when you make $50k, that's obvious. But want to go on a vacation? Go on it. Everybody and every study says that experiences and life is worth living, not to save for, what are you saving for again?
@krislatoya7556
2 жыл бұрын
Yeah I want to increase the income but I don't want to spend much more 😭. I'll still be thrifting but will be able to have a recreation/date night fund.
@mrhouse79
2 жыл бұрын
How could you survive on $12k/annually living in New York let alone save 85% of your income?
@leandrejones9787
2 жыл бұрын
Exactly I think a lot of people missed this
@davidbasset7557
2 жыл бұрын
600k or jus over 100k? Yall put out two videos w vague numbers on her income
@peterondesign
2 жыл бұрын
She worked on Wall Street and didn't bring up stocks as an investment opportunity?
@FinancialShinanigan
2 жыл бұрын
When possible, do 30% future and 20% wants
@chrissymm89
2 жыл бұрын
Can anyone recommend a bank or software that helps automate this kind of stuff for you?
@tristanrodenhauser5267
2 жыл бұрын
How do you live in NYC on $12-15,000 and save 85% Really wish people broke down their budgets more when they say they save xyz %
@divyanshd3969
2 жыл бұрын
How did you save 85% of 12k wtf
@joyandpeacefullaughter5307
2 жыл бұрын
I remember watching her old video and being a little jealous thinking this gorgoeus brilliant woman working there she was earning over 6 figures. Then I went to her IG and saw her wigs and clothes weren't that lit. Those people were evil and I'm so happy to see her earning better and thriving.
@actnowordreamon6774
2 жыл бұрын
This is a good tips channel. Now we need to put those concept into practice. Come and watch my channel also
@sanderella1642
2 жыл бұрын
❤️
@PinkInTheDiamonds
2 жыл бұрын
I still cant believe she took a job as a trader at 12K? She was basically working for free.
@Akgolf1234
2 жыл бұрын
I fully support this affirmative action
@crazy3rdgen
2 жыл бұрын
So you live well below your means.. in reality we don't want to.. or its a sacrifice for one day to live an extravagant life. I wonder how the lady in this video feels, what the reasoning for her sacrifice is. Or maybe this is how she plans to live forever?
@andreaw.2821
2 жыл бұрын
Saving 85% of your income on $12,000 per year? Yeah right.
@actnowordreamon6774
2 жыл бұрын
Maybe she was at home with her parents ... but yes it is certainly not possible for everyone. Come and watch my channel also
@fabm4252
2 жыл бұрын
Just avoid credit cards and buying crap you don’t need. That Includes Starbucks everyday
@actnowordreamon6774
2 жыл бұрын
People don't realize that Starbuck / Tim Horton everyday kills your financial future. Come and watch my channel also
@leebrooks7467
2 жыл бұрын
So you saved 80 percent of your $12k how ?? Yeah climb the latter of success yourself and then kick it away for the rest of us 😂
@Entree_Iguodala
2 жыл бұрын
saving percent 85% of 12k a year? Lmfao these videos are getting so ridiculous.
@bam0505
2 жыл бұрын
To say that Bitcoin is a risky investment and being conservative is making a “traditional investment” is really a sign of the times… Telling people they should be able to take on that risk and thinking of it as an investment is probably just bad (or a lack of) knowledge transfer
@actnowordreamon6774
2 жыл бұрын
Crypto is an investment vehicle only if you have no debt, your emergency fund is ready, you max your 410K and other. If those are not done, you are not investing but gambling. Also, not all crypto are good. I have crypto myself but I assume this money is gone forever ... Seriously, it is a good long term investment if you can stand the volatility. Come and watch my channel also
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