7 Places Your Money Needs To Go (Save Money Fast)

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Information 7 Places Your Money Needs To Go (Save Money Fast)

Title	:	7 Places Your Money Needs To Go (Save Money Fast)
Lasting	:	13.14
Date of publication	:
Views	:	615 rb

What is up guys!! Hope you enjoy this video Make sure you're subscribed! Getting close to 1M :)
Comment from : Humphrey Yang

A Financial Planner told me Saving at least 15 of your income in a 401(k) can help ensure that you have enough money to retire comfortably How can take advantage of compound interest and potentially grow your retirement savings to about $3M over time?
Comment from : Alexander Webber

STRONG DISAGREE Step one is essentials Debt repayment comes after staying alive Logically I don’t need debt or a credit score to survive I need food and housing :0
Comment from : Schuyler Geery-Zink

Should i get a checking account that gains interest or just remain with the one that doesnt? Any tips for a savings account? I'm trying to figure these things out Also, why get these accounts if they tax the interest you earn
Comment from : another one

For those looking for a high yield saving account, Sofi is great, but only if you have direct deposit If you do not do direct deposit when you get paid, I highly recommend Discover’s high yield saving account Their rate is very similar and they do not require direct deposit
Comment from : Jenna R

Im 22 years old Ive been working part time since i was 16 and i dont have a penny saved I lived paycheck to paycheck I just got my first big boy job and I want to do it right I know i have issues with spending so i want to make separate accounts and really make my budget super organized
Comment from : Purple Emoji

Great video ! One bit of advice, you gotta give yourself something An example would be $100 a week as spending money If you don’t do this you’ll lose your mind
Comment from : Isa Ibrahim

love this video! helps me a lot and opens my eyes! love the channel and can;t wait to watch the next one!
Comment from : RW Aquarium Pages

Solid bro
Comment from : Robel The Accountant

Up till now I have not been able to understand the money dynamics, I’m really bad at spending and investing, I really need professional help
Comment from : Starlet Universal

Taking early notes from Warren as to the importance of sound asset diversification and risk management It can’t be overstated
Comment from : liu zhang

I didn't become financially independent until I was in my mid 40s, in addition to owning a second house making money on a monthly basis through passive income, and I've also met some of my goals I really hope this motivates someone to know that it doesn't matter if you don't have any of these things yet; no matter your age, you can start today Investing can help you change your future! By participating in the financial market, I took a significant decision
Comment from : Andrian

So, form the start, you are taking your mortgage, rent, food etc As givens You're missing the step where you decide how much you can afford in the first place Don't live in a mansion when you're on minimum income or below Budget first
Comment from : Eke van der Zee

I'm not assuming I'm starting from scratch I am hahaha
Comment from : Martín DL

I use the Avalanche Method to pay off my student loans I started with a $150K balance at the beginning of the pandemic and I’m now at $42K It has been a long journey but I can see the light at the end of the tunnel!
Comment from : Jessica X

Got to step 2 and i have no more money, great advice!!!
Comment from : Aquarian

nice video but I feel you forgot the most important part of the 401K its pretax money, it changes the numbers drastically especially if you are on the higher end of the tax rate
Comment from : kevin daoust

All this would have been helpful to know 30 years ago 🙌 I have Zero funds left after step 2 and that does not even include food Been selling Plasma the last few months just to get an extra $500 a month to eat I've been living paycheck to paycheck for the last 30+ years and has all been fine until the credit card companies started to wage garnish before I even get paid Making about $60k a year and I have $45 left for the entire month to use for food and any other "fun" activities 🙄 At least I got divorced and have no whinny kids saying "why we always broke" 😊 I'm not worried tho, been living in an RV for the past 6 years and it is the best thing ever ❤ Good luck out there 👍💰
Comment from : busaj383

Wouldn't paying the minimum on your car payments, credit card etc just end up costing you more in the long run due to their interest?
Comment from : Tyler ODell

I'm 26 and never really watched finance videos before I thought I was behind the ball, and after watching this video I have actually done all this prior, Soni think I was thaught well by my dad when I was younger lol
Comment from : Marc Cassidy

This video even the title is similar to Nate O'Brien's video 4 years ago
Comment from : Maria Clara Olé

What do you think of Sofi now? They seem to be having trouble Thanks
Comment from : Kenny Selcer

Rich Dad Poor Dad says pay yourself first!
Comment from : Joshua Amezcua

I'm not even kidding when I say that the market crash and high inflation have me really stressed out and worried about retirement I've been in the red for a while now and although people say these crisis has it perks, I'm losing my mind but I get it, Investing is a long-term game, so I try to focus on the long term
Comment from : Cooper Hayes

Managing money is different from accumulating wealth, and the lack of investment education in schools may explain why people struggle to maintain their financial gains The examples you provided are relevant, and I personally benefited from the market crisis, as I embrace challenging times while others tend to avoid them Well, at least my advisor does too, jokingly
Comment from : Alax Frye

Right now, I’m trying to get into law school, so I’ve been using an online savings account as my emergency fund for school So far I’ve been doing good with it, and because it’s an online savings account there’s less temptation to pull money from it because it does take a bit longer for the money to transfer
Comment from : Emily Letoski

Thank you for this awesome video
Comment from : iDoll Budgets

I realize that it can be a wise way to keep investing during times of volatility to build wealth I've heard testimonies from people who have accumulated over $80,000 during this red period What measures can I take to ensure this?
Comment from : MIchael Guzman

Point 1, where he speaks on missing a credit card payment, I have heard of requesting a credit report offset or update request you can make with the reporting agency
Comment from : VIPLegal Education

What do you think about Velocity banking, Cash value life insurance, and First Lien HELOC 's ? Thanks Humphrey
Comment from : Tony Douglas

bWILDVESTCORPS PAGE/b has hedged me while I'm content with $12,000 a week
Comment from : Social Media Agency

Snowball ,Roth account, how to pay off bill, and if you don’t get to step 7……………………get a part time job
Comment from : Tony Lorenzo

It's recommended to save at least 15 of your income in a 401k You can use online calculators to estimate how much you should save based on your age and income Saving at least 15 of your income in a 401(k) can help ensure that you have enough money to retire comfortably By saving this much, you can take advantage of compound interest and potentially grow your retirement savings over time
Comment from : joesph cu

I started stacking to SAVE wealth I've always been the type of person to spend my entire paycheck I hate having money just sit in the bank I am under pressure to grow my reserve of $950k before I turn 60, I would appreciate any advice on potential investments
Comment from : Stevens Middlemass

Huh??? I paid myself first into my saving…all my bills payments come after
Comment from : Bourjois M

Step one and two are out of order People should definitely buy food before paying the credit card bill
Comment from : Brent Rockwood

Great tips!
Comment from : smartmoneysense

UFB, an online only bank, is currently paying 481 on savings accounts
Comment from : Alan Duff

I have fallen in the rabbit hole of watching wvery video you've made 😅
Comment from : Vero does better

step 1, pay yourself firstalways! Put it into a diversified portfolio that cover Retirement/Growth/Income/Savings you figure out the percentages That is always the first step Necessity is the mother of inventionNow you have pressure to cut expenses, stop impulse spending, create/follow a budget, finding ways to save a penny here and there, cut out luxuries and etc Now its necessary to figure it out or come up short, forcing you to get find a side hustle, or get creative and figure out how to create passive income stream to improve your cashflow
Comment from : MaddMoxx

I have funds in tax free vanguard (cheap global index funds) one for car, house loan downpayment (faster), one for home repairs (roof etc), one for freedom (FIRE), And one for emergencies From my income to these every month No need for loaning for car or roof repairs I am my own bank
Comment from : Bigboss304323

I'm learning so much from you Thank you!!!! 🎉
Comment from : Elizabeth Perez

That red spot on your hand is very distracting
Comment from : Kyle Pask

In Australia our employees are legally required pay into our Superannuation so that's really helpful
Comment from : SenorNavel

I had a hard time listening after finding out he's drinking tapwater
Comment from : Toughtimes

Bro the constant “you can’t do this already because of your poor money management” is so detached it becomes insulting
Comment from : Kyle Bauer

Do you take your money out and put it in wallets?
Comment from : Damion Elson

What a clear, concise explanation of a complicated topic! I enjoyed your straightforward style so much, I couldn’t wait to like and subscribe to the channel! Keep up the great work — these videos will help a lot of people with their financial planning!
Comment from : Mike Henderson

For the last 20+ years I have used first Microsoft Money and now Quicken to budget my money at least 90 days out I find that covers pretty much any cyclical purchase and gives me a good idea of how much I will have saved over the next 3 months
Comment from : Chris H

Great video 📹 👍
Comment from : sakura san

Pay the whole credit every month If you cant do that, don't use a credit card! I really don't understand the consumerism in the US You have normalised buying things on credit and rolling credit debt
Comment from : qd9vp

Do you need to max out your work 401k contributions before opening a Roth IRA? I ask because I'm military, so my TSP contributions max out at 22500 (I think) a year I contribute 18, which is well above what the military will match Should I work towards hitting that 22500/year first or go ahead an open a Roth IRA?
Comment from : BooksWithDorothy

What brand of sweater is that? It looks dope
Comment from : Kae

wtf did you do to your hands?
Comment from : Beaker

Thank you for your video It's easy to understand
Comment from : Sneha

I dont know who needs to hear this saving for a better investment is a great step to financial freedom you're saving a day off work
Comment from : Albert Charles

Put all every thing on auto pay, you'll never be late
Comment from : bank on it

I love your videos Unfortunately, it's been a while since I visited I am experiencing one of the most challenging phases of my life Lost a fortune investing in emerging companies Hopeful, for a turnaround
Comment from : Sharron Campbell

A 401k is worthless if its not a ROTH
Comment from : wolfrig2000

Sofi apy is with direct deposit only kind of garbage without that
Comment from : Douglas Edwards

Unsure if you're still replying here, but I'm a US watcher Recently was not working, and am back to work, but racked up around 3k credit card debt, and have about 700 monthly obligation in bills outside of that Should I be aggressively hitting step 1 (Paying debts) instead of doing minimums, or should I build back my emergency fund first?
Comment from : Casey Rabago

How to save when you have a biweekly pay? 😊thanks
Comment from : Amina Sentina

Apple savings account can generate you 415pay you should talk about it
Comment from : Andres

401K is a scam that tricks you into paying even more taxes later Contribute up to what your employer matches That's 100 profit Put the rest (weekly) into unmanaged index funds in personal Roth IRA Pay the taxes now to avoid paying taxes on the profit years later
Comment from : Swipe555

What if after bills and necessities you are at a negative number ? And you already eat top ramen every day and live in a place slightly better than a cardboard box ?
Comment from : hugh man

NFTs
Comment from : Zak R

I find it a bit hard to find some breathing room in finances when it comes to a balance of saving, paying off debt, investing and also having some fun money or extra money for things like home repairs Not saying I need to buy all the things all the time but even something like a fun training class with myself and my dog is hard to scrape up when I'm "supposed to" do all these other things And there is also a balance of making more money, but side hustles also equal more working hours I just get burnt out So as much as this advice can be useful, what is your advice for allowing breathing room in your finances and schedule to make life right now something to be enjoyed I don't always want to grind so I can plausibly relax in my old age
Comment from : Hi Im Awkward

Was I the coworker? 😂
Comment from : Ethan Cloutier

Do I have money saved?
Comment from : John

Can't say I fan of suggesting a crypto investment But the rest seems like a great info 😊
Comment from : Alexey Boltax

Great financial tips! Great content 👍 New subbie here 🤗
Comment from : Budgets with ELMA

If I live in America, and have a job, do I automatically have a 401k that’s contributing to my retirement or is that something I need to open myself? Is money automatically going to a retirement fund from my paychecks if I have 0 claims, no withdrawals? Thanks!
Comment from : Makyla Hammer

Just got my pay, and watched this I wish there is a version of this based on the Philippine economy setting
Comment from : Nemus World

W for mentioning australia
Comment from : JJreins

I like your channel from Malaysia
Comment from : Janice Gan

Very good ideas!!! Thanks for sharing!!!!❤
Comment from : JRCcandleco

Just starting video, but sounds like you follow Dave Ramsey LOL, don't worry I do too and I'm In Aus
Comment from : Always Winning

FANTASTIC VIDEO 👏👏👏
Comment from : pchygrl17

Hey Humphrey, making the minimum payment of a credit card every month reduce the score of it? I have to pay it all or the minimum it's okey
Comment from : Matias Carrasco

Super in aus I like, force savings is nice, plus we can salary sacrifice more pre tax to save same tax savings and currently have saving schemes to purchase your first house by putting extra money into your super, but not the money the employer has to put in on your behalf
Comment from : Brett232

I’m dead with the 🎅
Comment from : Ramon Castillo

Step 1 and 2 should switch places Your credit score is not more important than your life Don't eat at restaurants, and you may need to downsislze where you live, but its better to be alive in bankruptcy than starving to death with a good credit score
Comment from : Jordan Holleman

Why do I need to keep cash if I can cash shares in 2 days and have unused $25K CC limit?
Comment from : Tomek S

In Malaysia, we have EPF/ KWSP which is named as Employee Provident Fund It is mandatory auto deduct from our salary 11 and employer match up another 12-13 We can't take out the money untill we are 55/60 Y/O or in some circumstances In my POV this is a great programme where the citizen are kind of secured in future after retiring Btw the annual dividend percentage is higher than keeping in any other bank in Malaysia as in fixed deposit manners
Comment from : sillybelll

The way you explain is phenomenal Much needed Thank you!
Comment from : Pooja Ghosh

9-5 job lol
Comment from : Sean Williamson

Appreciate Mr Sam content Do you mind sharing the platform name showed around the 4 minute mark? Also, is it like a tracker for your affiliate links or what's the nature of it exactly? Again, your content is awesome 👌 keep going
Comment from : Angelique Ramin

The stock market is a complex system that is influenced by a variety of factors, including economic indicators, political events, and global trends The relationship between policies and the stock market can be complex and multifaceted, and it can take time for the full effects of policies to be reflected in market trends Therefore, it is possible that policies implemented in the past may have a "lagged effect" on the stock market, as their full impact may not be felt until later on
Comment from : Telegm samdeymontradintips

The greater the passive income you can build, the freer you will become Taking the first step is the hardest, but 7 house later living off passive income since June 6, 2016 You’ve got to start taking steps to achieve your goal
Comment from : Irma Davis