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all good points (poinths?) the one about personal finance not being learned at school or at home is so true for me. All my mother ever taught me about money when I was young was that you need to get a credit card and establish good credit. later on I got an incredible financial education from my mom and stepfather, my aunts and uncles etc. I learned everything a person should NOT do with their money. my parents owned and ran a concrete placement company for 20 years. they grossed over a million per year, sometimes much more. my mom was the CEO and earned in excess of 100-200 grand per year. they worked hard. my stepfather is the hardest working person I've ever met and concrete work is physically brutal work (i did many jobs with him so I can attest!). my mom passed away in 2020. when i had to go in and go through her papers and bills i learned that NOT including their primary mortgage they were around 400 grand in debt (mostly loans and credit cards) and my mom had around 6 grand in her checking account. that's it. no investments. no savings (she did have a few life insurance policies) They spent money like it was going out of style. huge house, all new cars, charging things constantly. fed ex and UPS were at her house at least 3 times a week bringing pkgs. They made bad real estate deals which cost a ton and lost even more. my mom was a super smart woman, she could learn ANYTHING she put her mind to. to my dying day I will never understand WHY she did not educate herself about money (yet she used to worry about money ALL the time!) Everyone used to think they were rich but on in reality they were broke as fuck constantly playing catch up with a lifestyle they simply could NOT afford. my moms oldest sister is in her 70's living on Social security checks and her sons state disability money, my 73 yr old uncle survives on Social security and selling stuff on ebay. i could go on and on but I'm sure you get my point. Schools should teach this shit because most parents (and adults in general) are TERRIBLE examples of personal finance and have NO clue about money. btw the thubtitles reduced me lol.

Bitcoin, yes, no?

Agree. Especially if your thing is money. Of course I have other hobbies but I have a finance degree and money was a deal breaker as far as handling money. My husband didn’t make as much as I did but didn’t have debt except his car. He lived modestly and I knew we would tackle money together. You can find out about a person very early on. We were engaged in 3 month and married the year after. Now happily married but agree if we didn’t have constant communication money would be a huge deal.

I really needed this video. I’m gonna get my shit together and get the job that pays enough to pay my bills and have enough for my future.

Happy New Year, Nicole!🎉❤ Look at you, almost at 100K subscribers! 🙌 You are about to have another one, as I ask my 17yo son to start working his way through your video history. Sooooo much solid life advice - financial and otherwise - Thank you, thank you, thank you for all of your videos, and I look forward to your videos of 2025! (Hugs to Levi!)

Thank you for calling people out for basking in their own ignorance. Yes they didn't teach us financial literacy in high school, but the rest of us put in the effort to learn. With all the on-demand resources nowadays there should be no excuse

You are brilliant. The concise, fast paced and informative style you have is exactly what I could hope for. Your critical thinking skills as you navigate life as a young adult should be the envy of any of your peers. There is a topic that I personally would consider very important. Not how to choose the best expresso maker, or even a car purchase. Something really big and only a big mind might be able to make sense of. If you choose to except this mission at any future date, you will be, in my opinion tackling the most complex and "charged" topic facing the planet. My challenge to you, is to answer this question: How many people can the earth support? Not a popular topic. Maybe only a minor amount of your audience would even appreciate you bringing such a subject up. So i understand if you want to confine your channel to more day to day subjects that I know your audience appreciates. However, I am so impressed with your ability to make sense of subject matter in an informative manner, I want you to consider this most difficult of all topics and would be so curious as to your take on it. In my opinion, the most critical jumping off point in human history. Trivia Question: Since my birth, the population has growing, measured by Density (P/Km²) - from 19 to 55 . How old am I? Another way to look at it is population has almost tripled in my short time on this earth and is continuing to expand at a mind boggling rate. I will give you the hint to say my time is coming to an end, but I very much worry about you, and others in your generation. Does that wonderful brain of yours ever worry about it too? If you do not want to introduce such a topic to your channel, I would not blame you one bit. You can talk about the best beer can crusher on the market and people would listen - including me. Or your wonderful adventure in an espresso machine that you let sit around weeks before you indulged in it (I love that story for reasons I won't elaborate here). Let me know your thoughts, or if it is ever a subject matter that comes up with your peers. No matter, no worries. I predict you will be very successful in whatever you do. Thanks for the consistently spitfire rapid analysis you give to every topic. You make it look easy but I have to imagine there is a tremendous amount of time and energy in some of your material. You truly impress me and I flatter myself to think I could figure my world out at your age - half as fast as you have.

Another great video, Nicole. I remember in 1995 I bought my first brand new car. A red Hyundai at 18% interest (yes, 18%) with all the whistles. Never had credit before and I didn't know anything about finances. My payments were $300 a month for five years and I kept up with all the maintenances as required. At least that beautiful little car last me 12 years, never broke down and I ended up driving it to the Kidney Foundation in Toronto. I would never go into debt again for a car. I don't own a house either. Buying that new car was and still is the only time I've been in debt. I never had a high paying job. I am doing ok as a senior on a low income because I earn some extra income from stocks dividends. Not much, but the secret to a peaceful life to me is living between my means and never have debt. Happy New Year and it won't take you long to reach 100K subscribers!! You're a smart cookie.

9:23 might want to reconsider those definitions

Re: the degree thing, here in the UK the problem is more about the wasted time - if you don't earn a high enough salary then you don't get charged for your degree - if that happens until you're about 40 then you'll end up having the debt written off by the government - they upped the fees themselves in the last 15 years by over x3 but this was the trade off

Good video: for the men listening, be ultra careful. Nicole's grounded view of money and the effort to acquire it for women in the US is rare, especially for your money and especially in big cities. As a man, you bear most of the risk if you get entangled with the wrong person and kids are involved. If so, most of your money will be converted into cash and prizes for the "offending" party. Anything women have accomplished as breadwinners will be completely ignored, and you will be propelled into a 1950s sci-fi movie.

I’m 70+. I’ve had and lived threw loosing family members in a period of 3 years in the early 1990’s including my adult son. Your young. An though I like your messages in what you no now. I won’t be around in your next 40+ years to hear the rest of your story. When stress hits us we all react different. Sometimes holding on white knuckle and make choices we don’t even No we’re making. I’m living testimony to that Don’t judge what you don’t No.

Hello Nicol, how are you?

Disappointed that the clip of the Mr. Burns’s car getting crushed into a cube memo wasn’t used. 😂

Thanks for another great video! I love your perspective in life and have found that much of your content has helped me either level up or grow up in life.

Technically per GAAP a car *is* an asset, albeit a rapidly depreciating, non-productive asset. The car loan is the liability.

cars are stupid, get a used one, I wont spend more than 5k on a car. insurance, interest, taxes, JDM imports are cheap

I was never good at math, so it's wonderful for me that she explains it in a manner easy to understand.

You're so smart, young grasshopper!❤❤❤❤❤

They don't teach you about money because the goal is to make wage slaves not free citizens.

Damn - marriage as point number 1 - *based*

Financial Literacy should be taught in schools

Good advice.

First one is the most important, in my opinion.

My “useless” Music Bachelor and Masters degrees have cost me 0 and/but gave my a lifetime of beautiful, creative paid work (not highly paid but still…) that I enjoy and could keep doing until I die😊. While I was growing and studying everyone was questioning my career choice and future employment opportunities but I stood firmly behind myself and now I am grateful for my intuition and determination to pursue what I truly love. I sometimes wander what my life would look like if I had a “secure” profession and job but I can’t even imagine it 😂, so to each their own!

Sometimes there are weird exceptions to car buying.. I decided I was going to save up and buy my first new car.. I always bought used cars and some were good, but others were not so good. In 2017, I saved up $36K and had my eyes on the 2017 Mazda CX-5 GT in soul red. The total purchase was 42K.. So I was a still a little short. The financing was okay for the remaining balance, but as we got into negotiations, there was another car dealer not too far away that I would use it to get a better price. What sold me was an offer of .09% financing for 84 months. Sounds crazy, but I opted for that with zero down.. This meant many, many car payments, but at a low monthly rate. I took the 36K and I invested 10K in TFSAs and 26K in RRSPs. I also did not throw it into mutual funds.. I was intrigued with dividend investing.. What a life changer. I invested my TFSAs all in Canadian divided ETFs, I have averaged 12% a year.. For my RRSPs, I went all in on USA ETFs, as there is no 15% with holding fee. The USA ETFs, I was able to average 18%.. So.. I finished my last car payment last month. Drum roll!! My 36K over 7 years invested in a diversified dividend ETF portfolios has turned the 36K into an amazing 90K. I still have my beauty of a paid off Mazda CX-5 with 78k mileage on it, still valued at over 17K. I will proudly run it into the ground. Love your videos Nicole!

Excellent info in the video and the comments! Marrying the wrong person has lifelong implications, impacting not just finances but mental health as well. Your counsel about higher education is true to an extent. I didn’t learn anything in high school and needed the additional education, which helped me grow up and achieve more than I would have otherwise. A lot of people who have a degree sell themselves short and settle for less, which is a personal decision.

Date three, date one - coffee, date two - split the bill.

I'm sure I know how credit works. You don't have a good credit report unless you're neck-deep in debt.

Very good advise. Just want to say that I don't consider a house you live in to be an asset. Feels more like a liability to me. We had to replace the furnace this year (over $10,000), the roof was replaced last year ($20,000). Now I wonder what the next year will bring.

I believe that car payments are the single biggest indicator of financial problems in a person's life. While the guy or gal who pays cash may spend $25,000 (per the example in this video), the individual who finances will spend $50,000, plus taxes, plus interest. Also, the cash buyer will keep their vehicle for 12 to 20 years. The financed vehicle will be traded in after 3 to 8 years, the dealer will rip them off on the trade in, and then they will spend $70,000 for the next "step up" vehicle in their life. To them, this is what moving up in life means (getting more debt).

You are totally correct however dealers make there $$ on financing. I negotiate a price then offer to finance for whatever minimum period it takes for the dealer to get their commission from the finance company then I pay off the loan. This has worked several times. Yes I paid interest for 3 months but the balance of my cash earned interest as well. I get a good price and dealer gets their $$.

Great video Nicole! So true about the auto financing.....been in the auto business for years and its amazing to see the bad decisions people make every day finnancing....when someone wants to finance a 12 yr old pickup with 150k miles and need 84 months to afford the payment.....maybe its not a good idea to buy it. Happy new year to you!

I know a family (parents and adult son) here in rural Ontario who buy 3 new pickups every 2 years. The house they own is worth 200g max. They've been doing it for 20+ years. 😂

The problem with #2 is that education shouldn't be about getting a specific job. That's only teaching you what to think. Teaching how to think is just as valuable and the innovations that can come of that are what takes us out of stagnation. I don't disagree with the financial dilemma that college creates, but that is a recent issue- not one people in the 50s-70s had to deal with.

She's ultra-super-totally-correct. And if you dimiss even one, EVEN ONE OF THESE, YOUR LIFE WILL BE HEEELLLL ON EARTH!!!!!!!!!!!!!!! I know from experience.

Financing a major purchase is not always a bad thing. Credit worthiness is important in today's society. Most employers will run a credit check on potential new hires to get a sense of how responsible they are. Insurance companies will check your credit. Better score means better rates. Cable companies., Utility companies and I'm sure there are many others. Mitigate the finance charge by paying additional on the principle.

On a date: "Do you make 6 figures?" "Why? Do you have any debt?" "Yeah this isn't gonna work" "Yup."

I must confess to being one of those employees in a lower wage job but have been to college. I had hoped to rise up the corporate ladder with a view of earning a good salary. However, I prefer to not have the stress and colleague conflicts that comes with that territory. Just want to do my job to the best of my ability, go home and tune out.

There are some used cars that are still reliable and increase value…

3/5 done.

I appreciate your videos. Mostly because, like you, money is security to me. It would be interesting to see one about what money signifies to other people. I have had many affluent friends over my life and their values with regard to money are each unique.

I've stayed at my current job for 22 years now. I probably should have left early on when I wasn't making much money. I didn't consider myself a valuable worker and had a bit of imposter syndrome so I couldn't imagine someone offering me a better job. Fortunately I'm making good money now and my job has a secure pension so it hasn't hurt me too much.

I wish you had the ability to see that getting a degree (even in something "useless,") is not exclusively something to consider in transactional terms. I was a non-college educated person until I was 31. I experienced life without an education and then with an education. The difference in the quality of one's life is profound. And that can easily be seen in the value that "summer in Europe" is experienced by the traveler if they are educated in the humanities prior to making the trip.

Marriage is overrated, ofc there will be people that got lucky marrying the right person will taunt those that don't want it

I paid $5 to see Green Day in a club in Florida around '93? '94?

Fantastic Nicole! Love your house. Happy New Year!

Spot on ! - I live at about 35% of my income level... Thats about 2 and 1/2 paychecks per month Saved. At some point, I had to convert 1/2 savings into gold/silver because of the steep drop in Dollar value... and will soon open up a trading account - I have no 401k - All that depreciates and disappears when a recession hits... I've seen that happen to so many other people. I figure 8 more years of work (maybe) and adding consistently to my portfolio should be returning dividends enough for me to retire - And Of Course, I live way below my means. I gave up trying to 'keep up with the jones' long ago... Don't let your self get caught in that stupid idea although I still buy a lottery ticket now and then and develop a side hustle. - Great Video !

what is "visiline"? (if I wrote that correctly)

Is investing the worst investment? I hear it’s gambling