| Title | : | 3 steps to money mastery: Would you rather have freedom or stuff? | Vicki Robin | Big Think |
| Lasting | : | 8.16 |
| Date of publication | : | |
| Views | : | 57 rb |
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debit card costs more per month than a credit card Comment from : Rodney Trynor |
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Don’t forget to factor in inflation 😅 Comment from : 𝚂𝚒𝚖𝚙𝚕𝚢 𝚊 𝙷𝚞𝚖𝚊𝚗 |
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Fun fact: even for this so-called "passive" income other people have to actually work in order to produce that money Comment from : Dark Valkyrie |
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She's just repeating the personal finance 101 discoursebrNot taking into consideration the reality of today’s harsh and predatory global economybrIf you consider this lady some kind of expert just take in mind that she became popular by living off the interest of treasury bonds Also, she had the help of a friend (an ex Wall Street guy who had significant savings at his disposal)brShe bought some of the bonds with heritage money from his late grandmotherbrAfter a while her living style caught the eye of some folks, this encouraged her and the Wall Street friend to publish a book a bout this kind of lifestyle which in turn became a best seller making them even more wealthy brShe had no student debsbrshe had a heritagebrshe had expert advicebrshe did all this between the 70s and 80s Before massive globalization and even before the internet!brLet's get real and listen to advice from people who address the real challenges of today's economy Comment from : Angel V |
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Instead of all that just spend as little as possible on everything that doesn't directly bring you greater health and don't sweat the rest Comment from : Aang The Airbender |
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'buying your self freedom' that just blew my mind but i cant explain why Comment from : Emilios Powerballer |
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Thank you Comment from : Gopal Aggarwal |
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The price of freedom is high It always has been And it’s a price I’m willing to paybr br -Captain America Comment from : President Muhammad Asyraaf Abd Aziz |
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I still don't understand why people get loans instead of just using cash If you read the Bible, do people use cash? Not at all Jesus says that you should just pay up front Comment from : Narata |
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I have used this method to getting out of debt and starting to save money It works, and feels amazing Comment from : Sarah Nichols |
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Download Every Dollar by Dave ramsey for Budgeting Comment from : YawMoney |
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Dave ramsey Financial Peace Comment from : YawMoney |
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TL;DL Comment from : YABEEful |
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That trapezius tho Comment from : Satyarup Das |
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Love the talk, but love the necklace almost as much Comment from : Nathaniel Peton |
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Save 80 of my income - that's gonna require a fairy godmother to pay the bills!! Comment from : DI |
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Worst advice ever! News flash lady, it’s not 1960! The economy and the way money works is drastically different in 2018! I’ve seen other economists videos that put this one to shame Saving money in a bank and doing nothing with it, is useless Fun fact: if the average person wanted to double what they save every year in the bank, it would take 840+ years in average! 🤬 Big Think seems to be running out of viable guests lol Comment from : MrBrett0286 |
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She actually wrote a book on this subject named "Your money or your life" Comment from : Hennie West |
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More education at an earlier age is needed about finance Imagine your kid learning about saving, mortgages and investing at a young age, leaving school knowing how to be financially sound and avoid debt Comment from : Chris |
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I'm pretty good with money, and I definitely understand that I waste some money on stuff I don't needbut I just don't see how I could ever generate enough savings to live on "passive income" : Most of my money goes to my mortgage and bills, not frivolities Comment from : Matthew - san |
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'First step of getting out of debt is stopping going into debt'? Stop talking through your hoop, you've never lived pay check to pay check if you're saying that bollox good luck to you in the real world Comment from : Donal Gavin |
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Everyone should check out Mr Money Mustache blog if you want to learn how to become financially independent Comment from : salle rc |
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I'm 25 and have 30k in the bank and no debt Is that good? Comment from : PopsiclesInMyCellar |
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I've noticed that we have so much stuff than we can spend time on it It could be shoes, clothing, gadgets, car, or a house brI'd rather be free and use the few stuff I have as much as I can Comment from : zodiacfml |
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perfect would love to know more specifics Comment from : Critical Potato |
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Idiocy Would you rather feed your kid and keep ons cheap car and a pet or Not more like it brbrI make $75,000 after taxes and other than a single local beach holiday for four days in summer, everything gets used by the basics brNow, debt? That’s a different story Comment from : shizuokaBLUES |
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A lot of advice in these days made by old people is useless u cant apply this to these days atleast most of it Comment from : ArChYAtis |
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I’ll come back to this video every time I want to spend beyond my means I’m a shopaholic I need help Comment from : Bipasha Sonowal |
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Not every person is taught to be smart with money That’s so many are not self aware of the environment that influence them Fact that some can’t see they are be sold product they don’t need Should give person a clue why they are in debt Comment from : A Gamer Journey |
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THE PROBLEM is that the Federal Reserve/US Gov't continues to INFLATE THE $&^ out of Fed Notes Most Americans have realized that working for FED NOTES is a losing battle On a daily basis, Fed Notes are WORTH LESS than the day before American workers are getting SCREWED getting paid in WORTHLESS Fed Notes the CFR has accounts worth 2588 septendecillion Federal Reserve Notes That makes everyones' savings and checking accounts literally WORTHLESS govbanknoteswordpresscom/2016/05/12/every-loan-by-every-fractional-reserve-bank-is-fraudulent/ Comment from : Gov Corp Watch |
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Is free stuff an option? Comment from : Landmine Hopscotch |
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Mint app really helps :) Comment from : Migg |
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And what are the ways to generate passive income while travelling around the world for 3 years? Comment from : FabledDan |
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What does this say about an economy where a huge number of people aren't in debt, don't buy unnecessary stuff, hold a good job with an above everage income, put money in their investment savings or similar every month and will inever_ever/i be able to save up enough for them to live on their passive income? The ideas and techniques in this talk are valid and good but near the end it completely looses grip on current reality Comment from : Carsten Germer |
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“Money is your life energy” - that doesn’t sound pathological at all Comment from : Nick Gogan |
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There is bad debt and good debt Bad debt is a car loan, and good debt is an income property you rent out If you really want to be financially independent, avoid bad debt and load up on good debt Imagine you rent out an apartment for $1000 a month, but you have a loan to repay on the apartment If you owe $120,000 on an apartment (worth $130,000) at 5 interest, you must pay $500 a month to the bank After you pay the bank, you are left with an additional $500 If your downpayment was just $10,000, you are essentially making $6,000 a year on a downpayment of just $10,000 That is 60! If you learn that not all debt is bad, you will have learned one of the most valuable lessons in personal finance Comment from : David Ellis |
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6 months of savings in liquid assets Comment from : Albert Elizondo |
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Save 90 of your income, simple Thanks, Expert Lady Comment from : Russell G |
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Track expenses become a super saver and be free from debts Comment from : sushant bahadure |
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Personal Sovereignty is a fine ideal and people should strive for it, but the trouble is, it will only get you so far If some Rich assholes decide to gamble with the entire economy ala 2008, they could wipe out your savings regardless of what you do You can be the most responsible person ever and you'll still be fucked if the Rich decide that the billions they have simply aren't enough Personal Sovereignty is a good thing, but it won't solve the fact that we are currently in a deeply effed-up system where the gap between rich and poor is growing everyday, with the Rich living in ridiculous levels of opulence while the poor struggle to get the most basic of needs--food, shelter, medicine--met This is not sustainable and it is going to end badly Comment from : SPDYellow |
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Fucking useless boomer with useless advice Comment from : Austin Davis |
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What used to be self-evident truth, unworthy of serious discussion, is now a ‘big think’ Comment from : kinpatu |
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Buy Bitcoins! Comment from : Master Roshi |
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Seems like you are focused on yourself so much that you may overlook the 'value add' from climbing ladders and other necessary growth in being a productive employee You are 'extracting' value for your own benefit This is not a long term nor advisable strategy to promote in my opinion Be careful with this woman's ethos It breaks down at a community/societal level Comment from : James |
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but yeah! TOPS! Comment from : cultevo1 |
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I HAVE NO HOUSE LADY! let alone afford one !! Free my MIND??? Comment from : cultevo1 |
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One word - TINY HOUSE It limits your overhead expenses and how much stuff you can fill it with Your time on this earth is finite Don't waste it in dept chasing material things Comment from : Phrancis5 |
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Don't trust Wall street scumbags Comment from : fleamarketmutt |
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I was already doing the time equivalent of costs thing although i kind of forgot about it after the first couple months of work Comment from : alexanderx33 |
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Bit of a shout-out to Broke Millienials, I think They saved up $700k and quit their jobs to ride around Europe Comment from : E Brown |
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Talking peronal money is almost never done with such ease Your words feel true and valuable Thanks! Comment from : Spoken Openness |
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Or, if you make a shtload of money, you can spend it on whatever you want, plus save plenty How about them apples? Comment from : Ham Sandwich |
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bI rather have stuff/b Comment from : The Steadfast Duelist |
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More of this 👏🏾 Extremely achievable advice for those who want it Comment from : Out Loco |
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I'd rather have free stuff! Comment from : Martin Nolan |
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This is all solid advice Perhaps better for avoiding debt In the past, this would have been good The problem is the system, if you will, is designed to keep as many people as possible in permanent debt Keep people working hard for the basics with lower wages Comment from : Wastingsometimehere |
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#YANG2020 Comment from : KungFuChess |
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I think the target audience of this video is baby boomers The majority of millennials hardly make enough money to survive let alone spend money on stuff Comment from : drjay182 |
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TIME is the most PRECIOUS commodity Comment from : Earth Angel |
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Hi there fellow Mustachians Comment from : Francisco Corrales Morales |
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With freedom I can have all the stuff I want Comment from : Radical Edwards |
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How can I live on only 20-10 of my income? Comment from : I bore my therapist |
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Living from Paycheque to Paycheque is a big problem of our generation Comment from : Saurav Sarma Pathak |
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Both yeah? I am going to be the first zillionaire! Mansa Musa was my great great great etc whatever! I come from his bloodline! Y'all took everything from us! Comment from : Mister D |
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All my money's tied up in debt Comment from : Zake Budek |
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Equity Comment from : Bryn Whitehead |
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Killing own freedom by creating own rules Comment from : Joy Rooj |
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Freedom isn’t free Comment from : Khaled Alromih |
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1st Comment from : Kidman 8072 |
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